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China National Building Material

DB:D1Y
Snowflake Description

Undervalued with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
D1Y
DB
HK$77B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

China National Building Material Company Limited, an investment holding company, engages in cement, new materials, and engineering services businesses. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
  • China National Building Material has significant price volatility in the past 3 months.
D1Y Share Price and Events
7 Day Returns
12.5%
DB:D1Y
6.6%
Europe Basic Materials
2.1%
DE Market
1 Year Returns
28.9%
DB:D1Y
-26.7%
Europe Basic Materials
-16.6%
DE Market
D1Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China National Building Material (D1Y) 12.5% 8.5% 5.9% 28.9% 60.5% 0.1%
Europe Basic Materials 6.6% -18.2% -32.2% -26.7% -36.7% -34%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • D1Y outperformed the Basic Materials industry which returned -26.7% over the past year.
  • D1Y outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
D1Y
Industry
5yr Volatility vs Market

Value

 Is China National Building Material 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 China National Building Material 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 China National Building Material.

DB:D1Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.3%
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:D1Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.817 (1 + (1- 25%) (274.8%))
2.007
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 * 6.33%)
12.27%

Discounted Cash Flow Calculation for DB:D1Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China National Building Material 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:D1Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 12.27%)
2020 12,703.53 Analyst x2 11,315.16
2021 35,268.33 Analyst x3 27,980.63
2022 83,010.00 Analyst x1 58,659.62
2023 103,092.07 Est @ 24.19% 64,888.90
2024 120,429.74 Est @ 16.82% 67,517.31
2025 134,466.25 Est @ 11.66% 67,147.67
2026 145,279.69 Est @ 8.04% 64,618.79
2027 153,287.83 Est @ 5.51% 60,729.25
2028 159,023.18 Est @ 3.74% 56,116.03
2029 163,002.08 Est @ 2.5% 51,233.72
Present value of next 10 years cash flows CN¥530,207.00
DB:D1Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥163,002.08 × (1 + -0.39%) ÷ (12.27% – -0.39%)
CN¥1,282,514.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥1,282,514.82 ÷ (1 + 12.27%)10
CN¥403,111.48
DB:D1Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥530,207.00 + CN¥403,111.48
CN¥933,318.48
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥933,318.48 / 8,434.77
CN¥110.65
DB:D1Y Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:3323)
1.1
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥110.65 x 1.1
HK$121.75
Non-primary Listing Adjustment Factor 1 share in DB:D1Y represents 0.11803x of SEHK:3323
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11803x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 121.75 x 0.11803
€14.37
Value per share (EUR) From above. €14.37
Current discount Discount to share price of €1.08
= -1 x (€1.08 - €14.37) / €14.37
92.5%

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

Current Discount
Amount off the current price China National Building Material is available for.
Intrinsic value
>50%
Share price is €1.08 vs Future cash flow value of €14.37
Current Discount Checks
For China National Building Material to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China National Building Material's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China National Building Material's share price is below the future cash flow value, and 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 China National Building Material's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China National Building Material's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:D1Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥1.30
SEHK:3323 Share Price ** SEHK (2020-04-07) in HKD HK$9.15
SEHK:3323 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.909 CN¥8.32
Europe Basic Materials Industry PE Ratio Median Figure of 33 Publicly-Listed Basic Materials Companies 9.52x
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 China National Building Material.

DB:D1Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3323 Share Price ÷ EPS (both in CNY)

= 8.32 ÷ 1.30

6.39x

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

  • China National Building Material is good value based on earnings compared to the Europe Basic Materials industry average.
  • China National Building Material is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does China National Building Material's expected growth come at a high price?
Raw Data
DB:D1Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
2.6%per year
Europe Basic Materials Industry PEG Ratio Median Figure of 17 Publicly-Listed Basic Materials Companies 1.67x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:D1Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.39x ÷ 2.6%

2.45x

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

  • China National Building Material is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on China National Building Material's assets?
Raw Data
DB:D1Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥12.02
SEHK:3323 Share Price * SEHK (2020-04-07) in HKD HK$9.15
SEHK:3323 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.909 CN¥8.32
Europe Basic Materials Industry PB Ratio Median Figure of 39 Publicly-Listed Basic Materials Companies 0.85x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:D1Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3323 Share Price ÷ Book Value per Share (both in CNY)

= 8.32 ÷ 12.02

0.69x

* Primary Listing of China National Building Material.

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

  • China National Building Material is good value based on assets compared to the Europe Basic Materials industry average.
X
Value checks
We assess China National Building Material'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 Basic Materials 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 Basic Materials industry average (and greater than 0)? (1 check)
  5. China National Building Material has a total score of 5/6, 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.

Future Performance

 How is China National Building Material expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

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
2.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China National Building Material expected to grow at an attractive rate?
  • China National Building Material's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • China National Building Material's earnings growth is positive but not above the Germany market average.
  • China National Building Material'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:D1Y Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:D1Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 2.6%
DB:D1Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts -0.4%
Europe Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
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:D1Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:D1Y Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 249,712 51,299 11,844 10
2021-12-31 251,543 41,697 11,551 19
2020-12-31 250,120 40,283 11,151 19
2020-04-08
DB:D1Y Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 253,403 63,348 10,974
2019-09-30 244,993 46,718 12,556
2019-06-30 235,877 50,997 10,023
2019-03-31 225,910 49,074 9,728
2018-12-31 218,997 48,531 7,932
2018-09-30 210,126 40,588 7,676
2018-06-30 201,282 32,645 7,284
2018-03-31 181,003 22,770 5,149
2017-12-31 184,121 25,299 4,939
2017-09-30 143,935 23,222 3,106
2017-06-30 135,524 21,358 2,406
2017-03-31 118,535 18,374 1,727

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China National Building Material's earnings are expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
  • China National Building Material'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:D1Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from China National Building Material Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:D1Y Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.41 2.03 0.95 9.00
2021-12-31 1.31 1.61 0.87 16.00
2020-12-31 1.28 1.60 0.86 17.00
2020-04-08
DB:D1Y Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 1.30
2019-09-30 1.49
2019-06-30 1.19
2019-03-31 1.15
2018-12-31 0.94
2018-09-30 0.91
2018-06-30 0.86
2018-03-31
2017-12-31 0.59
2017-09-30 0.45
2017-06-30 0.35
2017-03-31 0.28

*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.
  • China National Building Material is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China National Building Material'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.
China National Building Material has a total score of 1/6, 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.

Past Performance

  How has China National Building Material 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 China National Building Material's growth in the last year to its industry (Basic Materials).
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.
  • China National Building Material has delivered over 20% year on year earnings growth in the past 5 years.
  • China National Building Material's 1-year earnings growth exceeds its 5-year average (38.4% vs 33.8%)
  • China National Building Material's earnings growth has exceeded the Europe Basic Materials industry average in the past year (38.4% vs 20.8%).
Earnings and Revenue History
China National Building Material'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 China National Building Material Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:D1Y Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 253,403.38 10,974.17 41,305.20
2019-09-30 244,992.75 12,555.74 30,250.94 1,577.77
2019-06-30 235,876.75 10,022.69 36,065.96
2019-03-31 225,910.35 9,728.41 33,826.10 186.72
2018-12-31 218,996.80 7,931.74 36,032.86
2018-09-30 210,125.56 7,675.57 32,157.49
2018-06-30 201,281.83 7,284.04 31,151.77
2018-03-31 181,003.24 5,149.07 26,646.11 225.07
2017-12-31 184,120.71 4,939.38 27,849.17
2017-09-30 143,934.65 3,106.32 22,805.05
2017-06-30 135,523.99 2,406.09 22,045.39
2017-03-31 118,535.39 1,727.10 19,948.60
2016-12-31 101,546.78 1,048.10 17,851.82
2016-09-30 98,836.91 697.22 16,813.83
2016-06-30 96,127.03 336.97 15,990.54
2016-03-31 98,244.73 678.22 16,299.74
2015-12-31 100,362.43 1,019.46 16,608.94
2015-09-30 107,430.64 2,966.34 16,735.24
2015-06-30 114,569.68 4,913.31 17,253.37
2015-03-31 118,290.45 5,416.43 17,031.54
2014-12-31 122,011.22 5,919.54 16,809.72
2014-09-30 122,474.16 6,063.48 16,610.55
2014-06-30 122,937.11 6,207.43 16,411.38
2014-03-31 120,312.47 5,984.64 15,737.26
2013-12-31 117,687.84 5,761.85 15,063.14
2013-09-30 108,749.26 5,396.49 13,399.12
2013-06-30 99,810.69 5,031.14 11,735.10

*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.
  • China National Building Material has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China National Building Material used its assets less efficiently than the Europe Basic Materials industry average last year based on Return on Assets.
  • China National Building Material has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China National Building Material'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 Basic Materials 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.
China National Building Material 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.

Health

 How is China National Building Material'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 China National Building Material's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China National Building Material's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China National Building Material's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China National Building Material'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 0.8x 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 China National Building Material Company Filings, last reported 3 months ago.

DB:D1Y Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 151,256.91 188,519.76 30,611.76
2019-09-30 153,588.93 164,010.49 42,340.46
2019-06-30 145,874.18 200,066.34 26,008.44
2019-03-31 144,464.43 155,177.98 42,828.45
2018-12-31 135,927.38 201,630.39 28,121.48
2018-09-30 136,425.03 201,605.39 28,092.32
2018-06-30 129,041.44 222,370.32 31,124.78
2018-03-31 124,765.33 233,966.03 26,316.36
2017-12-31 124,765.33 215,801.50 26,316.36
2017-09-30 85,379.37 182,978.33 12,288.49
2017-06-30 76,842.48 194,159.55 15,281.58
2017-03-31 76,842.48 194,159.55 15,281.58
2016-12-31 75,543.68 189,929.09 12,988.99
2016-09-30 75,567.54 189,929.09 12,987.58
2016-06-30 73,248.13 186,249.23 17,407.77
2016-03-31 73,248.13 186,249.23 17,407.77
2015-12-31 73,492.06 180,523.84 13,800.87
2015-09-30 73,461.28 180,523.84 13,796.36
2015-06-30 67,033.87 191,345.56 22,062.83
2015-03-31 67,033.87 191,345.56 22,062.83
2014-12-31 66,977.23 177,676.58 12,269.36
2014-09-30 66,977.23 177,676.58 12,269.36
2014-06-30 54,776.65 180,359.10 15,259.85
2014-03-31 54,776.65 180,359.10 15,259.85
2013-12-31 53,575.90 170,611.51 9,169.81
2013-09-30 53,575.90 170,611.51 9,169.81
2013-06-30 47,363.96 170,005.65 11,404.64
  • China National Building Material's level of debt (124.6%) 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 (265.5% vs 124.6% today).
  • Debt is well covered by operating cash flow (33.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.1x coverage).
X
Financial health checks
We assess China National Building Material'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. China National Building Material has a total score of 4/6, 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.

Dividends

 What is China National Building Material'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
4.21%
Current annual income from China National Building Material dividends. Estimated to be 4.16% next year.
If you bought €2,000 of China National Building Material shares you are expected to receive €84 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?
  • China National Building Material's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • China National Building Material's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
Upcoming dividend payment

Purchase China National Building Material 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:D1Y 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 19 Analyst Estimates (S&P Global) See Below
Europe Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
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:D1Y Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.38 7.00
2021-12-31 0.35 17.00
2020-12-31 0.33 17.00
2020-04-08
DB:D1Y Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-04-02 0.350 4.472
2020-03-23 0.350 4.682
2019-05-24 0.180 2.741
2018-06-13 0.100 1.757
2017-04-07 0.043 0.828
2017-03-24 0.043 0.929
2016-03-29 0.037 1.103
2015-05-22 0.165 4.374
2014-05-23 0.160 2.655
2013-05-23 0.155 2.589
2012-03-28 0.215 2.792
2011-04-15 0.093 1.048
2011-03-30 0.093 0.776
2010-04-16 0.035 0.507
2009-04-29 0.023 0.322
2009-04-21 0.023 0.359

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 China National Building Material's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).
X
Income/ dividend checks
We assess China National Building Material'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 China National Building Material afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China National Building Material 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.

Management

 What is the CEO of China National Building Material'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
Shou Peng
COMPENSATION CN¥1,848,000
AGE 59
TENURE AS CEO 1.8 years
CEO Bio

Mr. Peng Shou has been President of China National Building Material Company Limited since June 13, 2018 and also served as its Vice President since March 2005 until June 13, 2018. Mr. Peng has over 30 years of business and management experience in PRC's building materials industry. He is an expert in inorganic materials research and development, engineering design and consulting. He has served as the chairman of China Triumph International Engineering Company Limited since September 2004 and the general manager of China Triumph International Engineering Company since May 2002. He also served as the Deputy General Manager of China Triumph International Engineering Consulting Company Limited from June 2001 to May 2002. He has been the Chairman of the Board of China Glass Holdings Limited since March 28, 2017 and has been its Non Executive Director since February 13, 2015. He served as Deputy Chairman of China Glass Holdings Limited from February 13, 2015 to March 28, 2017. Mr. Peng has been an Executive Director of China National Building Material Company Limited since June 20, 2006. He received a bachelor's degree in engineering from Wuhan Building Material Industrial Institute (now Wuhan University of Technology) in December 1982 and a master's degree in management from Wuhan Industrial University (now Wuhan University of Technology) in 2001. He is qualified as a senior engineer at professor level, doctoral supervisor, a national engineering survey and design master, expert enjoying special allowance from the State Council, one of the first batch of national candidates for “New Century Hundred-Thousand and Ten-Thousand Talents Project”, adjunct professor of Wuhan University of Technology, and was awarded a special grant of the government approved by the State Council of the PRC. He won Science and Technology Innovation Award awarded by the Ho Leung Ho Lee Foundation, Guanghua Engineering Science and Technology Award as well as National Excellent Science and Technology Worker, and bearer of National May 1 Labor Medal. Since July 2003, Mr. Peng serves as the Deputy Chairman of general affairs of the fourth general committee of the China Architectural and Industrial Glass Association. Mr. Peng led science and technology research team to the second prize of National Science & Technology Progress Award for three times. Mr. Peng has accumulated over 30 years of business and management experiences in the building material industry. He is an expert in inorganic material research and development as well as engineering design and consultancy.

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

Average tenure and age of the China National Building Material management team in years:

10.7
Average Tenure
52
Average Age
  • The average tenure for the China National Building Material management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shou Peng

TITLE
President & Executive Director
COMPENSATION
CN¥2M
AGE
59
TENURE
1.8 yrs

Xingtai Cui

TITLE
VP & Executive Director
COMPENSATION
CN¥2M
AGE
58
TENURE
10.7 yrs

Zhangli Chang

TITLE
Non-Executive Director
COMPENSATION
CN¥821K
AGE
49
TENURE
13.7 yrs

Jianglin Cao

TITLE
Executive Chairman
AGE
53

Xue’an Chen

TITLE
CFO & VP
AGE
55
TENURE
15.1 yrs

HongYan Pei

TITLE
Chief Accountant
AGE
46

Shuhong Cui

TITLE
GM - the Administration & HR Dept and Staff Representative Supervisor
COMPENSATION
CN¥309K
AGE
51
TENURE
15 yrs

Yanjun Yang

TITLE
Deputy General Manager
AGE
51

Kaijun Yu

TITLE
VP & Secretary of the Board
AGE
56
TENURE
1.8 yrs

Mei Yi Lee

TITLE
Joint Company Secretary
AGE
51
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the China National Building Material board of directors in years:

5.5
Average Tenure
54
Average Age
  • The tenure for the China National Building Material board of directors is about average.
Board of Directors

Shou Peng

TITLE
President & Executive Director
COMPENSATION
CN¥2M
AGE
59
TENURE
13.8 yrs

Xingtai Cui

TITLE
VP & Executive Director
COMPENSATION
CN¥2M
AGE
58
TENURE
10.7 yrs

Zhangli Chang

TITLE
Non-Executive Director
COMPENSATION
CN¥821K
AGE
49
TENURE
8.4 yrs

Jianglin Cao

TITLE
Executive Chairman
AGE
53
TENURE
1.8 yrs

Shuhong Cui

TITLE
GM - the Administration & HR Dept and Staff Representative Supervisor
COMPENSATION
CN¥309K
AGE
51
TENURE
14.9 yrs

Steve Sun

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
49
TENURE
5.5 yrs

Fangsheng Zhou

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
70
TENURE
3.9 yrs

Xinhua Li

TITLE
Chairman of the Supervisory Committee
AGE
55
TENURE
1.8 yrs

Zheng Tao

TITLE
Non-Executive Director
AGE
44
TENURE
5.5 yrs

Jianwen Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
60
TENURE
3.9 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 (€)
03. Dec 19 Sell BlackRock, Inc. Company 28. Nov 19 28. Nov 19 -1,886,000 €0.91 €-1,712,506
05. Aug 19 Sell Citigroup Inc.,Banking and Securities Investments Company 31. Jul 19 31. Jul 19 -1,532,295 €0.81 €-1,236,627
09. Jul 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 04. Jul 19 04. Jul 19 -12,882,733 €0.83 €-10,632,296
05. Jul 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 02. Jul 19 02. Jul 19 53,778,386 €0.79 €42,727,561
11. Jun 19 Sell BlackRock, Inc. Company 06. Jun 19 06. Jun 19 -3,354,000 €0.66 €-2,229,982
X
Management checks
We assess China National Building Material'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. China National Building Material 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.

News

Simply Wall St News

Company Info

Description

China National Building Material Company Limited, an investment holding company, engages in cement, new materials, and engineering services businesses. The company operates in five segments: Cement, Concrete, New materials, Engineering services, and Others. It produces and sells cement, concrete, and glass fiber, as well as composite and lightweight building materials. The company also provides engineering services to glass and cement manufacturers and equipment procurement. In addition, it is involved in the merchandise trading and other businesses. It operates in the People’s Republic of China, Europe, the Middle East, Southeast Asia, Oceania, Africa, the Americas, and internationally. China National Building Material Company Limited was founded in 2005 and is based in Beijing, the People’s Republic of China.

Details
Name: China National Building Material Company Limited
D1Y
Exchange: DB
Founded: 2005
HK$9,141,591,676
8,434,770,662
Website: http://www.cnbmltd.com
Address: China National Building Material Company Limited
Guohai Plaza, Tower 2,
21st Floor,
Beijing,
100036,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3323 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 23. Mar 2006
OTCPK CBUM.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 23. Mar 2006
DB D1Y Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 23. Mar 2006
SHSC 3323 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 23. Mar 2006
SZSC 3323 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 23. Mar 2006
OTCPK CBUM.Y ADR Pink Sheets LLC US USD 30. Oct 2008
Number of employees
Current staff
Staff numbers
155,606
China National Building Material employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 01:08
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/04/02
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.