Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Inner Mongolia Yitai CoalLtd

DB:YT8
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YT8
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Inner Mongolia Yitai Coal Co.,Ltd. engages in the mining, production, transportation, and sale of coal products in the Inner Mongolia autonomous region of the People’s Republic of China. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
YT8 Share Price and Events
7 Day Returns
5.7%
DB:YT8
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-16.6%
DB:YT8
21.9%
DE Oil and Gas
-17.7%
DE Market
YT8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Inner Mongolia Yitai CoalLtd (YT8) 5.7% 0.8% 9.3% -16.6% -26.5% -30.2%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • YT8 underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • YT8 outperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
YT8
Industry
5yr Volatility vs Market

YT8 Value

 Is Inner Mongolia Yitai CoalLtd 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 Inner Mongolia Yitai CoalLtd 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 Inner Mongolia Yitai CoalLtd.

DB:YT8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
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:YT8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 25%) (271.98%))
1.976
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.976 * 6.33%)
12.12%

Discounted Cash Flow Calculation for DB:YT8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Inner Mongolia Yitai CoalLtd is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:YT8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 12.12%)
2020 3,155.64 Est @ -12.36% 2,814.61
2021 2,878.92 Est @ -8.77% 2,290.30
2022 2,698.84 Est @ -6.26% 1,915.01
2023 2,577.51 Est @ -4.5% 1,631.27
2024 2,493.38 Est @ -3.26% 1,407.49
2025 2,433.49 Est @ -2.4% 1,225.23
2026 2,389.73 Est @ -1.8% 1,073.17
2027 2,356.85 Est @ -1.38% 944.02
2028 2,331.40 Est @ -1.08% 832.91
2029 2,311.04 Est @ -0.87% 736.41
Present value of next 10 years cash flows CN¥14,870.00
DB:YT8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,311.04 × (1 + -0.39%) ÷ (12.12% – -0.39%)
CN¥18,406.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥18,406.99 ÷ (1 + 12.12%)10
CN¥5,865.38
DB:YT8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥14,870.00 + CN¥5,865.38
CN¥20,735.38
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥20,735.38 / 3,254.01
CN¥6.37
DB:YT8 Discount to Share Price
Calculation Result
Exchange Rate CNY/USD
(Reporting currency to currency of SHSE:900948)
0.141
Value per Share
(USD)
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥6.37 x 0.141
$0.9
Non-primary Listing Adjustment Factor 1 share in DB:YT8 represents 0.99079x of SHSE:900948
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99079x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 0.90 x 0.99079
€0.89
Value per share (EUR) From above. €0.89
Current discount Discount to share price of €0.65
= -1 x (€0.65 - €0.89) / €0.89
27.5%

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

Current Discount
Amount off the current price Inner Mongolia Yitai CoalLtd is available for.
Intrinsic value
28%
Share price is €0.645 vs Future cash flow value of €0.88976
Current Discount Checks
For Inner Mongolia Yitai CoalLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Inner Mongolia Yitai CoalLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Inner Mongolia Yitai CoalLtd's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Inner Mongolia Yitai CoalLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Inner Mongolia Yitai CoalLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:YT8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥1.16
SHSE:900948 Share Price ** SHSE (2020-03-30) in USD $0.65
SHSE:900948 Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 7.096 CN¥4.62
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Inner Mongolia Yitai CoalLtd.

DB:YT8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:900948 Share Price ÷ EPS (both in CNY)

= 4.62 ÷ 1.16

3.98x

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

  • Inner Mongolia Yitai CoalLtd is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Inner Mongolia Yitai CoalLtd is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Inner Mongolia Yitai CoalLtd's expected growth come at a high price?
Raw Data
DB:YT8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-12.8%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:YT8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.98x ÷ -12.8%

-0.31x

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

  • Inner Mongolia Yitai CoalLtd earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Inner Mongolia Yitai CoalLtd's assets?
Raw Data
DB:YT8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥10.73
SHSE:900948 Share Price * SHSE (2020-03-30) in USD $0.65
SHSE:900948 Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 7.096 CN¥4.62
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:YT8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:900948 Share Price ÷ Book Value per Share (both in CNY)

= 4.62 ÷ 10.73

0.43x

* Primary Listing of Inner Mongolia Yitai CoalLtd.

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

  • Inner Mongolia Yitai CoalLtd is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Inner Mongolia Yitai CoalLtd'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. Inner Mongolia Yitai CoalLtd has a total score of 4/6, 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.

YT8 Future Performance

 How is Inner Mongolia Yitai CoalLtd expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-12.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Inner Mongolia Yitai CoalLtd expected to grow at an attractive rate?
  • Inner Mongolia Yitai CoalLtd's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Inner Mongolia Yitai CoalLtd's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Inner Mongolia Yitai CoalLtd's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:YT8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:YT8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -12.8%
DB:YT8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -3.4%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:YT8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:YT8 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 38,238 6,051 2,976 1
2020-12-31 38,876 6,719 2,799 1
DB:YT8 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 40,929 6,481 3,789
2019-09-30 42,325 10,646 3,102
2019-06-30 41,066 9,205 3,748
2019-03-31 40,925 9,296 4,122
2018-12-31 39,185 9,734 4,136
2018-09-30 37,823 6,035 5,055
2018-06-30 38,822 7,485 4,903
2018-03-31 38,072 5,752 5,042
2017-12-31 37,009 8,075 4,925
2017-09-30 35,748 9,663 4,901
2017-06-30 30,961 7,962 3,860
2017-03-31 26,125 8,293 2,844

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Inner Mongolia Yitai CoalLtd's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Inner Mongolia Yitai CoalLtd's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:YT8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Inner Mongolia Yitai CoalLtd Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YT8 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
DB:YT8 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 1.16
2019-09-30 0.95
2019-06-30 1.15
2019-03-31 1.26
2018-12-31 1.27
2018-09-30 1.55
2018-06-30 1.50
2018-03-31 1.55
2017-12-31 1.51
2017-09-30 1.52
2017-06-30 1.19
2017-03-31 0.82

*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.
  • Inner Mongolia Yitai CoalLtd is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Inner Mongolia Yitai CoalLtd'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.
Inner Mongolia Yitai CoalLtd 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.

YT8 Past Performance

  How has Inner Mongolia Yitai CoalLtd 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 Inner Mongolia Yitai CoalLtd'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.
  • Inner Mongolia Yitai CoalLtd has delivered over 20% year on year earnings growth in the past 5 years.
  • Inner Mongolia Yitai CoalLtd's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Inner Mongolia Yitai CoalLtd's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Inner Mongolia Yitai CoalLtd'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 Inner Mongolia Yitai CoalLtd Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YT8 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 40,929.04 3,789.31 2,812.06 532.70
2019-09-30 42,325.39 3,102.32 2,897.66 571.13
2019-06-30 41,066.00 3,748.21 2,635.53 675.23
2019-03-31 40,925.39 4,122.16 2,704.18 655.04
2018-12-31 39,184.62 4,136.20 2,574.84 662.31
2018-09-30 37,823.39 5,054.86 2,505.76 1,011.21
2018-06-30 38,822.32 4,902.69 2,657.19 726.97
2018-03-31 38,071.67 5,042.37 2,527.25 640.71
2017-12-31 37,008.67 4,925.37 2,536.33 509.68
2017-09-30 35,748.04 4,900.64 2,215.08 38.12
2017-06-30 30,961.37 3,860.14 2,152.78
2017-03-31 26,124.74 2,843.74 1,941.57
2016-12-31 22,858.50 1,985.76 1,929.69
2016-09-30 19,762.48 548.97 1,944.47
2016-06-30 18,639.96 367.83 2,152.98
2016-03-31 19,051.11 -110.02 2,200.53
2015-12-31 19,565.52 90.50 2,362.40
2015-09-30 20,256.38 731.54 2,334.15
2015-06-30 21,856.13 929.56 2,551.42
2015-03-31 24,381.84 1,445.45 2,861.68
2014-12-31 25,393.60 2,252.64 2,791.98
2014-09-30 26,469.34 2,301.69 3,318.37
2014-06-30 25,908.96 2,766.31 3,071.85
2014-03-31 24,562.51 3,437.98 2,937.91
2013-12-31 25,063.55 3,444.63 2,927.77
2013-09-30 23,985.25 3,853.76 2,889.87
2013-06-30 25,584.43 4,510.43 2,832.32
2013-03-31 30,283.01 5,691.82 2,853.04

*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.
  • Inner Mongolia Yitai CoalLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Inner Mongolia Yitai CoalLtd used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Inner Mongolia Yitai CoalLtd has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Inner Mongolia Yitai CoalLtd'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.
Inner Mongolia Yitai CoalLtd has a total score of 2/6, 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.

YT8 Health

 How is Inner Mongolia Yitai CoalLtd'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 Inner Mongolia Yitai CoalLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Inner Mongolia Yitai CoalLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Inner Mongolia Yitai CoalLtd's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Inner Mongolia Yitai CoalLtd'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 0.6x 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 Inner Mongolia Yitai CoalLtd Company Filings, last reported 2 months ago.

DB:YT8 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 44,828.01 40,990.60 16,464.35
2019-09-30 44,271.53 40,699.52 15,640.31
2019-06-30 42,877.65 40,177.46 13,497.99
2019-03-31 43,765.37 40,908.27 15,003.32
2018-12-31 42,552.38 41,988.84 17,619.35
2018-09-30 42,025.30 39,292.90 16,076.95
2018-06-30 40,169.77 38,075.54 16,623.06
2018-03-31 38,680.20 38,261.91 15,762.65
2017-12-31 37,490.11 37,162.07 14,608.36
2017-09-30 32,753.45 39,270.89 13,631.54
2017-06-30 31,100.96 33,076.90 6,451.57
2017-03-31 29,044.41 32,678.29 5,454.72
2016-12-31 28,568.30 33,460.43 5,245.59
2016-09-30 27,524.37 34,028.86 4,827.84
2016-06-30 27,095.53 36,816.08 7,522.29
2016-03-31 26,780.51 37,513.56 7,926.59
2015-12-31 26,768.35 34,320.62 6,948.12
2015-09-30 27,075.57 30,016.58 4,246.45
2015-06-30 27,026.60 29,135.01 6,118.21
2015-03-31 27,749.27 28,249.91 6,811.68
2014-12-31 27,496.65 26,675.48 7,002.42
2014-09-30 26,405.81 23,800.82 5,288.71
2014-06-30 25,616.59 23,948.77 9,772.48
2014-03-31 26,131.90 20,914.84 7,947.54
2013-12-31 25,014.41 16,824.45 3,854.28
2013-09-30 24,553.30 14,480.82 5,687.34
2013-06-30 22,426.36 12,678.38 7,098.61
2013-03-31 23,127.14 9,380.94 5,234.58
  • Inner Mongolia Yitai CoalLtd's level of debt (91.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (97.1% vs 91.4% today).
  • Debt is not well covered by operating cash flow (15.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess Inner Mongolia Yitai CoalLtd'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. Inner Mongolia Yitai CoalLtd has a total score of 3/6, 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.

YT8 Dividends

 What is Inner Mongolia Yitai CoalLtd'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
7.58%
Current annual income from Inner Mongolia Yitai CoalLtd dividends.
If you bought €2,000 of Inner Mongolia Yitai CoalLtd shares you are expected to receive €152 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?
  • Inner Mongolia Yitai CoalLtd's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Inner Mongolia Yitai CoalLtd's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Upcoming dividend payment

Purchase Inner Mongolia Yitai CoalLtd before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:YT8 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 1 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:YT8 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
DB:YT8 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-03-20 0.350 7.416
2019-04-30 0.500 8.105
2018-03-21 0.455 5.493
2017-04-06 0.184 2.209
2016-03-30 0.009 0.144
2015-06-09 0.208 3.693
2014-05-30 0.320 3.468
2013-05-13 0.625 5.900
2012-06-28 0.750 4.298
2011-02-22 0.750 4.088
2011-02-21 0.750 3.308
2010-08-18 0.250 1.146
2010-02-11 0.250 1.505

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Inner Mongolia Yitai CoalLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x 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 Inner Mongolia Yitai CoalLtd's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Inner Mongolia Yitai CoalLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Inner Mongolia Yitai CoalLtd has a total score of 4/6, see the detailed checks below.


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

YT8 Management

 What is the CEO of Inner Mongolia Yitai CoalLtd'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
Jian Liu
COMPENSATION CN¥1,147,900
AGE 52
TENURE AS CEO 0.3 years
CEO Bio

Mr. Jian Liu serves as General Manager of Inner Mongolia Yitai Coal Company Limited since November 07, 2019. He served as Deputy Manager of Inner Mongolia Yitai Coal Co. Ltd. since December 2012 and has been its Executive Director since December 26, 2018. He acted as the project manager in China of Germany Special Machinery Company from August 2004 to June 2005, executive deputy general manager of Inner Mongolia Yitai Pharmaceutical Co., Ltd. from August 2005 to February 2007. Mr. Liu was granted the qualification of fellow senior chief pharmacist by the Department of Personnel of Inner Mongolia Autonomous Region in July 2006. He was the general manager of Inner Mongolia Yitai Pharmaceutical Co., Ltd. from February 2007 to August 2012. He has been acting as the deputy manager of the Company since December 2012. He has been acting as the director of the Company since March 2019. He holds a doctoral degree. He graduated from the Universitat Duisburg-Essen of Germany in July 2004 with a doctor’s degree in cardiology, and graduated from School of Economics and Management of Tsinghua University in 2014 with an advanced master of business administration degree.

CEO Compensation
  • Jian's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Jian's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Inner Mongolia Yitai CoalLtd management team in years:

2.6
Average Tenure
49.5
Average Age
  • The tenure for the Inner Mongolia Yitai CoalLtd management team is about average.
Management Team

Jian Liu

TITLE
GM & Executive Director
COMPENSATION
CN¥1M
AGE
52
TENURE
0.3 yrs

Guiliang Lv

TITLE
CFO & Executive Director
COMPENSATION
CN¥1M
AGE
53
TENURE
11.9 yrs

Chunlin Liu

TITLE
Executive Director
COMPENSATION
CN¥24K
AGE
52

Yaoyong Ge

TITLE
Executive Director
COMPENSATION
CN¥24K
AGE
49

Dongsheng Zhang

TITLE
Executive Director
COMPENSATION
CN¥24K
AGE
48

Mingliang Zhang

TITLE
Chief Engineer
COMPENSATION
CN¥1M
AGE
50
TENURE
7.4 yrs

Junjie Lv

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
52
TENURE
0.3 yrs

Xin Zhao

TITLE
Company Secretary
COMPENSATION
CN¥503K
AGE
38
TENURE
4.9 yrs

Jingquan Zhang

TITLE
Executive Chairman
COMPENSATION
CN¥10K
AGE
49
TENURE
0.3 yrs

Zhifu Ji

TITLE
Head of the Corporate Department
COMPENSATION
CN¥261K
AGE
35
Board of Directors Tenure

Average tenure and age of the Inner Mongolia Yitai CoalLtd board of directors in years:

4
Average Tenure
52
Average Age
  • The tenure for the Inner Mongolia Yitai CoalLtd board of directors is about average.
Board of Directors

Jian Liu

TITLE
GM & Executive Director
COMPENSATION
CN¥1M
AGE
52
TENURE
1.3 yrs

Guiliang Lv

TITLE
CFO & Executive Director
COMPENSATION
CN¥1M
AGE
53
TENURE
9 yrs

Chunlin Liu

TITLE
Executive Director
COMPENSATION
CN¥24K
AGE
52
TENURE
19 yrs

Yaoyong Ge

TITLE
Executive Director
COMPENSATION
CN¥24K
AGE
49
TENURE
11.3 yrs

Dongsheng Zhang

TITLE
Executive Director
COMPENSATION
CN¥24K
AGE
48
TENURE
10.8 yrs

Junjie Lv

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
52
TENURE
0.3 yrs

Jingquan Zhang

TITLE
Executive Chairman
COMPENSATION
CN¥10K
AGE
49
TENURE
0.3 yrs

Zhiming Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
57
TENURE
4.8 yrs

Sujian Huang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
64
TENURE
3.3 yrs

Zhenjin Zhang

TITLE
Chairman of Supervisory Committee
AGE
50
TENURE
1 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 (€)
X
Management checks
We assess Inner Mongolia Yitai CoalLtd'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. Inner Mongolia Yitai CoalLtd 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.

YT8 News

Simply Wall St News

YT8 Company Info

Description

Inner Mongolia Yitai Coal Co.,Ltd. engages in the mining, production, transportation, and sale of coal products in the Inner Mongolia autonomous region of the People’s Republic of China. It operates through Coal, Transportation, Coal-Related Chemical, and Others segments. The company also provides road and railway transportation services to coal companies; coal quality and oil products inspection services; mine equipment materials inspection services; and produces and sells coal-based synthetic fuels and coal-related chemicals. In addition, it is involved in the coal wholesale, coal technology development and consulting, chemical production and sale, biotechnology, and finance service activities. The company was founded in 1997 and is based in Ordos, the People’s Republic of China. Inner Mongolia Yitai Coal Co.,Ltd. is a subsidiary of Inner Mongolia Yitai Group Co., Ltd.

Details
Name: Inner Mongolia Yitai Coal Co.,Ltd.
YT8
Exchange: DB
Founded: 1997
$1,931,483,389
3,254,007,000
Website: http://www.yitaicoal.com
Address: Inner Mongolia Yitai Coal Co.,Ltd.
Yitai Building,
North Tianjiao Road,
Ordos,
Inner Mongolia Province, 017000,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 900948 Foreign Shares-Domestically Listed Shanghai Stock Exchange CN USD 28. Aug 1997
SEHK 3948 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 12. Jul 2012
DB YT8 Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 12. Jul 2012
Number of employees
Current staff
Staff numbers
6,397
Inner Mongolia Yitai CoalLtd employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 22:53
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/03/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.