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Agritrade Resources

DB:KWN1
Snowflake Description

Proven track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KWN1
DB
HK$1B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Agritrade Resources Limited, an investment holding company, engages in the mining, exploration, logistics, and sale of coal primarily in Asia. The last earnings update was 106 days ago. More info.


Add to Portfolio Compare Print
  • Agritrade Resources has significant price volatility in the past 3 months.
KWN1 Share Price and Events
7 Day Returns
5.3%
DB:KWN1
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-85.8%
DB:KWN1
28.1%
DE Oil and Gas
-16.6%
DE Market
KWN1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Agritrade Resources (KWN1) 5.3% -35.5% -68.3% -85.8% - -
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • KWN1 underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • KWN1 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
KWN1
Industry
5yr Volatility vs Market

KWN1 Value

 Is Agritrade Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Agritrade Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Agritrade Resources.

DB:KWN1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in HKD HK$ .005000
Payout Ratio Company Filings (2019-09-30) 397.2%
Discount Rate (Cost of Equity) See below 11.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:KWN1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 25%) (354.17%))
2.652
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.07%)
11.75%

Discounted Cash Flow Calculation for DB:KWN1 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Agritrade Resources is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:KWN1 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= HK$0.01 / (11.75% - -0.39%)
HK$0
DB:KWN1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KWN1 represents 0.11561x of SEHK:1131
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11561x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.04 x 0.11561
€0.00
Value per share (EUR) From above. €0.00
Current discount Discount to share price of €0.02
= -1 x (€0.02 - €0.00) / €0.00
-320%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Agritrade Resources is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Agritrade Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Agritrade Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KWN1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in HKD HK$0.14
SEHK:1131 Share Price ** SEHK (2020-04-07) in HKD HK$0.17
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Agritrade Resources.

DB:KWN1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1131 Share Price ÷ EPS (both in HKD)

= 0.17 ÷ 0.14

1.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Agritrade Resources is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Agritrade Resources is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Agritrade Resources's expected growth come at a high price?
Raw Data
DB:KWN1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Agritrade Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Agritrade Resources's assets?
Raw Data
DB:KWN1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in HKD HK$0.70
SEHK:1131 Share Price * SEHK (2020-04-07) in HKD HK$0.17
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:KWN1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1131 Share Price ÷ Book Value per Share (both in HKD)

= 0.17 ÷ 0.70

0.25x

* Primary Listing of Agritrade Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Agritrade Resources is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Agritrade Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Agritrade Resources has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KWN1 Future Performance

 How is Agritrade Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Agritrade Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.1%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Agritrade Resources expected to grow at an attractive rate?
  • Unable to compare Agritrade Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Agritrade Resources's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Agritrade Resources's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:KWN1 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:KWN1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KWN1 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:KWN1 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-09-30 2,162 39 915
2019-06-30 2,033 247 991
2019-03-31 1,905 455 1,068
2018-12-31 2,203 691 753
2018-09-30 2,500 927 439
2018-06-30 2,369 971 432
2018-03-31 2,237 1,016 424
2017-12-31 2,006 855 331
2017-09-30 1,775 694 238
2017-06-30 1,608 660 236
2017-03-31 1,442 627 234
2016-12-31 1,324 416 383

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Agritrade Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Agritrade Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:KWN1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Agritrade Resources Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KWN1 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:KWN1 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-09-30 0.14
2019-06-30 0.15
2019-03-31 0.17
2018-12-31 0.12
2018-09-30 0.07
2018-06-30 0.07
2018-03-31 0.07
2017-12-31 0.05
2017-09-30 0.04
2017-06-30 0.04
2017-03-31 0.04
2016-12-31 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Agritrade Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Agritrade Resources is trading at Agritrade Resources'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Agritrade Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Agritrade Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Agritrade Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Agritrade Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KWN1 Past Performance

  How has Agritrade Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Agritrade Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Agritrade Resources has delivered over 20% year on year earnings growth in the past 5 years.
  • Agritrade Resources's 1-year earnings growth exceeds its 5-year average (108.5% vs 34.1%)
  • Agritrade Resources's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (108.5% vs -0.6%).
Earnings and Revenue History
Agritrade Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Agritrade Resources Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KWN1 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2,161.55 914.76 327.02
2019-06-30 2,033.14 991.42 253.56
2019-03-31 1,904.73 1,068.08 180.10
2018-12-31 2,202.51 753.40 175.90
2018-09-30 2,500.30 438.71 171.71
2018-06-30 2,368.82 431.58 155.82
2018-03-31 2,237.34 424.45 139.93
2017-12-31 2,006.00 331.42 131.14
2017-09-30 1,774.67 238.38 122.34
2017-06-30 1,608.10 236.15 118.21
2017-03-31 1,441.54 233.92 114.07
2016-12-31 1,324.05 382.99 127.14
2016-09-30 1,206.57 532.05 140.20
2016-06-30 1,179.52 501.42 143.12
2016-03-31 1,152.47 470.78 146.04
2015-12-31 1,204.21 310.23 153.63
2015-09-30 1,255.95 149.68 161.21
2015-06-30 1,245.21 148.27 148.81
2015-03-31 1,234.47 146.86 136.41
2014-12-31 1,076.05 139.31 124.03
2014-09-30 917.62 131.77 111.64
2014-06-30 939.47 123.48 110.43
2014-03-31 961.32 115.19 109.23
2013-09-30 1,038.48 100.25 42.49
2013-06-30 869.69 76.53 40.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Agritrade Resources has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Agritrade Resources used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Agritrade Resources's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Agritrade Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Agritrade Resources has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KWN1 Health

 How is Agritrade Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Agritrade Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Agritrade Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Agritrade Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Agritrade Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Agritrade Resources Company Filings, last reported 6 months ago.

DB:KWN1 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 6,883.19 3,843.97 551.15
2019-06-30 6,883.19 3,843.97 551.15
2019-03-31 6,866.02 3,030.19 642.36
2018-12-31 6,866.02 3,030.19 642.36
2018-09-30 5,896.97 419.34 446.22
2018-06-30 5,896.97 419.34 446.22
2018-03-31 5,683.03 696.12 457.45
2017-12-31 5,683.03 696.12 457.45
2017-09-30 5,117.44 1,013.30 284.46
2017-06-30 5,117.44 1,013.30 284.46
2017-03-31 4,929.50 940.27 387.73
2016-12-31 4,929.50 940.27 387.73
2016-09-30 4,690.80 674.89 113.46
2016-06-30 4,690.80 674.89 113.46
2016-03-31 4,538.06 763.25 295.93
2015-12-31 4,538.06 763.25 295.93
2015-09-30 2,724.04 445.42 309.14
2015-06-30 2,724.04 445.42 309.14
2015-03-31 2,506.80 348.27 265.06
2014-12-31 2,506.80 348.27 265.06
2014-09-30 2,289.58 206.44 213.89
2014-06-30 2,289.58 206.44 213.89
2014-03-31 2,245.56 227.30 170.85
2013-09-30 2,016.11 237.47 16.20
2013-06-30 2,016.11 237.47 16.20
  • Agritrade Resources's level of debt (55.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (9.1% vs 55.8% today).
  • Debt is not well covered by operating cash flow (1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Agritrade Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Agritrade Resources has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KWN1 Dividends

 What is Agritrade Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.89%
Current annual income from Agritrade Resources dividends.
If you bought €2,000 of Agritrade Resources shares you are expected to receive €58 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Agritrade Resources's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Agritrade Resources's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:KWN1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:KWN1 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
DB:KWN1 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-08-29 0.005 1.450
2018-07-30 0.005 0.374
2017-07-25 0.003 0.317
2016-07-28 0.003 0.683
2016-07-08 0.003 0.669
2015-11-25 0.000 0.000
2015-07-30 0.005 1.231
2015-06-26 0.005 1.104
2014-11-26 0.005 1.137
2014-07-28 0.008 2.015

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Agritrade Resources has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Agritrade Resources has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Agritrade Resources's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (28.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Agritrade Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Agritrade Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Agritrade Resources has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KWN1 Management

 What is the CEO of Agritrade Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Xinwei Ng
COMPENSATION HK$2,718,000
AGE 33
TENURE AS CEO 6.7 years
CEO Bio

Mr. Xinwei Ng serves as Chief Executive Officer of Agritrade International Pte. Ltd. He has been the Chief Executive Officer of Agritrade Resources Limited since August 21, 2013. Mr. Ng served as Chief Operating Officer of Agritrade Resources Limited from October 7, 2010 to August 21, 2013. He joined Agritrade in 2004 and focuses in the trading operation of palm oil and coal, shipping logistic management and commodities related investments. He has been an Executive Director of Agritrade Resources Limited since August 24, 2010. He serves as an Executive Director of Agritrade International Pte. Ltd. He serves as a Director of Rimau Shipping Pte Limited and a commissioner of Rimau Indonesia. Mr. Ng has Bachelor Degree in the National University of Singapore.

CEO Compensation
  • Xinwei's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Xinwei's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Agritrade Resources management team in years:

4.3
Average Tenure
38
Average Age
  • The tenure for the Agritrade Resources management team is about average.
Management Team

Xinwei Ng

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
33
TENURE
6.7 yrs

Peter Park

TITLE
Chief Operating Officer

Benjamin Chay

TITLE
Chief Marketing Officer
TENURE
4.3 yrs

Suka Waluya

TITLE
Head of Mining Operations - PT Senemas Energinbo Mineral
AGE
57

XiangMing Qiu

TITLE
Managing Director of Sea Oriental Line Pte Ltd

Xiaogang Li

TITLE
Head of Marine Quality & Safety Department - Sea Oriental Line Pte Ltd

Sandjaja Ongsono

TITLE
Head of Indonesia Coal Operations
AGE
63

Mingqing Sim

TITLE
Executive Director
AGE
37
TENURE
0.2 yrs

Chu Sern Yew

TITLE
Executive Director
AGE
26
TENURE
0.1 yrs

Patrick Ting

TITLE
Company Secretary & Financial Controller
AGE
39
TENURE
5.2 yrs
Board of Directors Tenure

Average tenure and age of the Agritrade Resources board of directors in years:

1.3
Average Tenure
35
Average Age
  • The average tenure for the Agritrade Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Xinwei Ng

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
33
TENURE
9.7 yrs

Mingqing Sim

TITLE
Executive Director
AGE
37
TENURE
0.3 yrs

Chu Sern Yew

TITLE
Executive Director
AGE
26
TENURE
0.1 yrs

Michael Siu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$150K
AGE
51
TENURE
9.7 yrs

Terence Chang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
32
TENURE
6.7 yrs

Vincent Phen

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
43
TENURE
2.3 yrs

Yu Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
47
TENURE
3.3 yrs

Jareth Goh

TITLE
Non-Executive Director
AGE
36
TENURE
0.3 yrs

Cecilia Song

TITLE
Non-Executive Director
AGE
34
TENURE
0.2 yrs

Jeffrey Ong

TITLE
Non-Executive Director
AGE
32
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
10. Mar 20 Sell Agritrade International Pte. Ltd. Company 10. Mar 20 10. Mar 20 -446,210,389 €0.03 €-11,661,724
10. Mar 20 Sell Agritrade International Pte. Ltd. Company 06. Mar 20 06. Mar 20 -127,489,611 €0.03 €-3,477,334
05. Nov 19 Buy Rothstar Group Limited Company 16. Oct 19 16. Oct 19 140,000,000 €0.08 €11,291,826
X
Management checks
We assess Agritrade Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Agritrade Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KWN1 News

Simply Wall St News

KWN1 Company Info

Description

Agritrade Resources Limited, an investment holding company, engages in the mining, exploration, logistics, and sale of coal primarily in Asia. It operates through three segments: Mining, Shipping, and Energy. The company produces and sells bituminous and sub-bituminous, low-sulphur, and low-pollutant thermal coal; and engages in other mining-related activities. It owns and operates the PT Senamas Energindo Mineral coal mine covering approximately 2,000 hectares located in Central Kalimantan; and the Rantau Nangka underground coal mine covering 3,663 hectares located in South Kalimantan, as well as operates the Bunda Kandung mine located in Central Kalimantan, Indonesia under mining contracts. The company also provides maritime transportation and storage solutions, shipping freight management services, and vessel storage and logistics services for crude oil and petrochemical products. In addition, it engages in the trading, sales, and marketing of coal; provision of administrative and logistics services; operation of a biodiesel plant in Arkansas, the United States; operation of a coal-fired thermal power plant in India; and production, generation, provision, and sale of fuel and energy, as well as other energy-related operations. Further, the company operates through a set of panamax-grade vessel. The company was founded in 1991 and is headquartered in Wanchai, Hong Kong. Agritrade Resources Limited is a subsidiary of Agritrade International Pte. Limited.

Details
Name: Agritrade Resources Limited
KWN1
Exchange: DB
Founded: 1991
HK$131,541,186
6,374,480,581
Website: http://www.agritraderesources.com
Address: Agritrade Resources Limited
Room 1705, Harcourt House,
17th Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1131 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 19. Mar 1997
DB KWN1 Ordinary Shares Deutsche Boerse AG DE EUR 19. Mar 1997
SZSC 1131 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 19. Mar 1997
Number of employees
Current staff
Staff numbers
1,375
Agritrade Resources employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:00
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2019/06/28
Last earnings filing: 2019/12/23
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.