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Luks Group (Vietnam Holdings)

DB:LU4
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LU4
DB
HK$601M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Luks Group (Vietnam Holdings) Company Limited, an investment holding company, manufactures and sells cement products for use in the construction industry in Vietnam, Hong Kong, and the People's Republic of China. The last earnings update was 18 days ago. More info.


Add to Portfolio Compare Print
  • Luks Group (Vietnam Holdings) has significant price volatility in the past 3 months.
LU4 Share Price and Events
7 Day Returns
0%
DB:LU4
6.6%
Europe Basic Materials
2.1%
DE Market
1 Year Returns
-37%
DB:LU4
-26.7%
Europe Basic Materials
-16.6%
DE Market
LU4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Luks Group (Vietnam Holdings) (LU4) 0% -17.7% -23.9% -37% -60.7% -61.1%
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
  • LU4 underperformed the Basic Materials industry which returned -26.7% over the past year.
  • LU4 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
LU4
Industry
5yr Volatility vs Market

LU4 Value

 Is Luks Group (Vietnam Holdings) 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 Luks Group (Vietnam Holdings) 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 Luks Group (Vietnam Holdings).

DB:LU4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5%
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:LU4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
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%) (2.7%))
0.889
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.889 * 6.07%)
5.01%

Discounted Cash Flow Calculation for DB:LU4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Luks Group (Vietnam Holdings) 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:LU4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 5.01%)
2020 135.89 Est @ 1.35% 129.41
2021 137.01 Est @ 0.82% 124.26
2022 137.64 Est @ 0.46% 118.88
2023 137.92 Est @ 0.21% 113.45
2024 137.96 Est @ 0.03% 108.07
2025 137.82 Est @ -0.1% 102.82
2026 137.57 Est @ -0.19% 97.73
2027 137.23 Est @ -0.25% 92.85
2028 136.83 Est @ -0.29% 88.16
2029 136.39 Est @ -0.32% 83.69
Present value of next 10 years cash flows HK$1,059.00
DB:LU4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$136.39 × (1 + -0.39%) ÷ (5.01% – -0.39%)
HK$2,518.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$2,518.26 ÷ (1 + 5.01%)10
HK$1,545.25
DB:LU4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$1,059.00 + HK$1,545.25
HK$2,604.25
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$2,604.25 / 505.30
HK$5.15
DB:LU4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:LU4 represents 0.10168x of SEHK:366
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10168x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 5.15 x 0.10168
€0.52
Value per share (EUR) From above. €0.52
Current discount Discount to share price of €0.12
= -1 x (€0.12 - €0.52) / €0.52
76.9%

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

Current Discount
Amount off the current price Luks Group (Vietnam Holdings) is available for.
Intrinsic value
>50%
Share price is €0.121 vs Future cash flow value of €0.52405
Current Discount Checks
For Luks Group (Vietnam Holdings) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Luks Group (Vietnam Holdings)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Luks Group (Vietnam Holdings)'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 Luks Group (Vietnam Holdings)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Luks Group (Vietnam Holdings)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:LU4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in HKD HK$0.24
SEHK:366 Share Price ** SEHK (2020-04-07) in HKD HK$1.19
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 Luks Group (Vietnam Holdings).

DB:LU4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:366 Share Price ÷ EPS (both in HKD)

= 1.19 ÷ 0.24

4.92x

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

  • Luks Group (Vietnam Holdings) is good value based on earnings compared to the Europe Basic Materials industry average.
  • Luks Group (Vietnam Holdings) is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Luks Group (Vietnam Holdings)'s expected growth come at a high price?
Raw Data
DB:LU4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 .

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

  • Unable to calculate PEG ratio for Luks Group (Vietnam Holdings), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Luks Group (Vietnam Holdings)'s assets?
Raw Data
DB:LU4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in HKD HK$4.85
SEHK:366 Share Price * SEHK (2020-04-07) in HKD HK$1.19
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:LU4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:366 Share Price ÷ Book Value per Share (both in HKD)

= 1.19 ÷ 4.85

0.25x

* Primary Listing of Luks Group (Vietnam Holdings).

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

  • Luks Group (Vietnam Holdings) is good value based on assets compared to the Europe Basic Materials industry average.
X
Value checks
We assess Luks Group (Vietnam Holdings)'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. Luks Group (Vietnam Holdings) 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.

LU4 Future Performance

 How is Luks Group (Vietnam Holdings) 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 Luks Group (Vietnam Holdings) 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
4.7%
Expected Basic Materials industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Luks Group (Vietnam Holdings) expected to grow at an attractive rate?
  • Unable to compare Luks Group (Vietnam Holdings)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Luks Group (Vietnam Holdings)'s earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Luks Group (Vietnam Holdings)'s revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:LU4 Future Growth Rates Data Sources
Data Point Source Value (per year)
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:LU4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:LU4 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:LU4 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-12-31 650 122
2019-09-30 669 143
2019-06-30 688 225 164
2019-03-31 706 189 154
2018-12-31 724 153 144
2018-09-30 704 137 115
2018-06-30 684 121 87
2018-03-31 674 122 91
2017-12-31 665 123 94
2017-09-30 660 156 104
2017-06-30 654 189 113
2017-03-31 638 177 113

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Luks Group (Vietnam Holdings) is high growth as no earnings estimate data is available.
  • Unable to determine if Luks Group (Vietnam Holdings) 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:LU4 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 0 Analyst Estimates (S&P Global) See Below

All data from Luks Group (Vietnam Holdings) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LU4 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:LU4 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-12-31 0.24
2019-09-30 0.28
2019-06-30 0.32
2019-03-31 0.30
2018-12-31 0.29
2018-09-30 0.23
2018-06-30 0.17
2018-03-31 0.18
2017-12-31 0.19
2017-09-30 0.21
2017-06-30 0.22
2017-03-31 0.22

*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 Luks Group (Vietnam Holdings) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Luks Group (Vietnam Holdings) is trading at Luks Group (Vietnam Holdings)'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. Luks Group (Vietnam Holdings)'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 Materials companies here
  3. Luks Group (Vietnam Holdings)'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 Luks Group (Vietnam Holdings)'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.
Luks Group (Vietnam Holdings) 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.

LU4 Past Performance

  How has Luks Group (Vietnam Holdings) 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 Luks Group (Vietnam Holdings)'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.
  • Luks Group (Vietnam Holdings)'s year on year earnings growth rate has been positive over the past 5 years.
  • Luks Group (Vietnam Holdings)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Luks Group (Vietnam Holdings)'s 1-year earnings growth is negative, it can't be compared to the Europe Basic Materials industry average.
Earnings and Revenue History
Luks Group (Vietnam Holdings)'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 Luks Group (Vietnam Holdings) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LU4 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 650.09 122.28 139.76
2019-09-30 669.16 143.09 129.34
2019-06-30 688.23 163.89 118.91
2019-03-31 706.02 154.01 135.83
2018-12-31 723.81 144.13 152.75
2018-09-30 703.67 115.38 156.32
2018-06-30 683.54 86.64 159.89
2018-03-31 674.31 90.53 154.09
2017-12-31 665.07 94.42 148.30
2017-09-30 659.61 103.88 136.57
2017-06-30 654.15 113.34 124.83
2017-03-31 638.42 112.66 118.63
2016-12-31 622.69 111.97 112.43
2016-09-30 620.77 103.34 114.67
2016-06-30 618.86 94.71 116.91
2016-03-31 614.60 92.15 117.45
2015-12-31 610.33 89.58 117.99
2015-09-30 615.59 93.63 120.11
2015-06-30 620.85 97.68 122.24
2015-03-31 622.01 95.10 120.62
2014-12-31 623.18 92.53 119.00
2014-09-30 615.86 148.33 112.36
2014-06-30 608.53 204.13 105.73
2014-03-31 603.14 168.43 102.01
2013-12-31 597.75 132.72 98.30
2013-09-30 613.44 81.80 98.37
2013-06-30 629.14 30.88 98.45

*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.
  • Luks Group (Vietnam Holdings) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Luks Group (Vietnam Holdings) used its assets less efficiently than the Europe Basic Materials industry average last year based on Return on Assets.
  • Luks Group (Vietnam Holdings)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Luks Group (Vietnam Holdings)'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.
Luks Group (Vietnam Holdings) has a total score of 1/6, 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.

LU4 Health

 How is Luks Group (Vietnam Holdings)'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 Luks Group (Vietnam Holdings)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Luks Group (Vietnam Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Luks Group (Vietnam Holdings)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Luks Group (Vietnam Holdings)'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 covered by short term assets, assets are 32.9x 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 Luks Group (Vietnam Holdings) Company Filings, last reported 3 months ago.

DB:LU4 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,422.47 16.25 381.11
2019-09-30 2,422.47 16.25 381.11
2019-06-30 2,386.79 80.75 395.43
2019-03-31 2,386.79 80.75 395.43
2018-12-31 2,370.65 39.58 260.81
2018-09-30 2,370.65 39.58 260.81
2018-06-30 2,297.37 76.55 227.12
2018-03-31 2,297.37 76.55 227.12
2017-12-31 2,300.71 60.00 202.90
2017-09-30 2,300.71 60.00 202.90
2017-06-30 2,262.52 81.04 196.20
2017-03-31 2,262.52 81.04 196.20
2016-12-31 2,235.56 44.03 212.52
2016-09-30 2,235.56 44.03 212.52
2016-06-30 2,222.74 40.68 249.56
2016-03-31 2,222.74 40.68 249.56
2015-12-31 2,196.48 24.66 297.57
2015-09-30 2,196.48 24.66 297.57
2015-06-30 2,212.35 78.71 332.11
2015-03-31 2,212.35 78.71 332.11
2014-12-31 2,266.40 77.47 383.26
2014-09-30 2,266.40 77.47 383.26
2014-06-30 2,236.22 68.13 304.28
2014-03-31 2,236.22 68.13 304.28
2013-12-31 2,248.14 131.32 331.93
2013-09-30 2,248.14 131.32 331.93
2013-06-30 2,070.62 153.74 220.93
  • Luks Group (Vietnam Holdings)'s level of debt (0.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (3.4% vs 0.6% today).
  • Debt is well covered by operating cash flow (1497.5%, greater than 20% of total debt).
  • Luks Group (Vietnam Holdings) earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Luks Group (Vietnam Holdings)'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. Luks Group (Vietnam Holdings) has a total score of 6/6, 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.

LU4 Dividends

 What is Luks Group (Vietnam Holdings)'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
7.56%
Current annual income from Luks Group (Vietnam Holdings) dividends.
If you bought €2,000 of Luks Group (Vietnam Holdings) shares you are expected to receive €151 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?
  • Luks Group (Vietnam Holdings)'s pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Luks Group (Vietnam Holdings)'s dividend is above the markets top 25% of dividend payers in Germany (4.71%).
Upcoming dividend payment

Purchase Luks Group (Vietnam Holdings) 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:LU4 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 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:LU4 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
DB:LU4 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2020-03-20 0.090 7.233
2019-08-27 0.120 7.482
2019-05-24 0.100 5.700
2018-04-16 0.110 5.075
2017-04-12 0.100 3.921
2017-03-31 0.100 3.673
2016-09-08 0.080 2.902
2016-08-30 0.080 2.937
2016-04-08 0.120 4.466
2016-03-24 0.120 4.600
2015-03-27 0.180 6.839
2015-03-24 0.180 7.306
2014-09-04 0.130 5.603
2014-04-03 0.100 4.631
2014-03-25 0.100 4.193
2013-04-26 0.055 2.666
2012-08-29 0.050 2.546
2012-03-29 0.050 3.065
2011-08-31 0.040 2.388
2011-03-30 0.060 2.909
2010-09-06 0.100 3.591
2010-04-16 0.105 3.282
2009-09-15 0.105 2.881
2009-04-23 0.100 2.550
2009-04-15 0.100 3.266

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Luks Group (Vietnam Holdings)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x 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 Luks Group (Vietnam Holdings)'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 Luks Group (Vietnam Holdings) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Luks Group (Vietnam Holdings) has a total score of 3/6, see the detailed checks below.


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

LU4 Management

 What is the CEO of Luks Group (Vietnam Holdings)'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
Cheung Cheng
COMPENSATION HK$3,090,000
AGE 78
TENURE AS CEO 4.7 years
CEO Bio

Madam Cheung Cheng has been the Chairman and Chief Executive Officer of Luks Group (Vietnam Holdings) Company Limited since August 29, 2015. Madam Cheng serves as an Executive Director of Luks Industrial Group Ltd. She is mainly responsible for finance, human resources and administrative functions of Luks Industrial Group Ltd. She has been with Luks Industrial Group Ltd. for 37 years.

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

Cheung Cheng

TITLE
Chairman & CEO
COMPENSATION
HK$3M
AGE
78
TENURE
4.7 yrs

Martin Fan

TITLE
Financial Controller
COMPENSATION
HK$2M
AGE
52

Monsie Luk

TITLE
Investor Relations Director & Executive Director
COMPENSATION
HK$1M
AGE
43

Yan Luk

TITLE
Executive Director
COMPENSATION
HK$3M
AGE
54

Fung Luk

TITLE
Executive Director
COMPENSATION
HK$3M
AGE
50
Board of Directors Tenure

Average tenure and age of the Luks Group (Vietnam Holdings) board of directors in years:

4.7
Average Tenure
60
Average Age
  • The tenure for the Luks Group (Vietnam Holdings) board of directors is about average.
Board of Directors

Cheung Cheng

TITLE
Chairman & CEO
COMPENSATION
HK$3M
AGE
78
TENURE
4.7 yrs

Martin Fan

TITLE
Financial Controller
COMPENSATION
HK$2M
AGE
52

Monsie Luk

TITLE
Investor Relations Director & Executive Director
COMPENSATION
HK$1M
AGE
43
TENURE
4.3 yrs

Yan Luk

TITLE
Executive Director
COMPENSATION
HK$3M
AGE
54

Fung Luk

TITLE
Executive Director
COMPENSATION
HK$3M
AGE
50
TENURE
14.3 yrs

Li Yuan Liu

TITLE
Independent Non-Executive Director
AGE
68
TENURE
18.1 yrs

Fang Liang

TITLE
Independent Non-Executive Director
AGE
67

Chi Kuen Lam

TITLE
Independent Non-Executive Director
AGE
66
TENURE
3.6 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 (€)
18. Jan 20 Buy Kopernik Global Investors, LLC Company 16. Jan 20 16. Jan 20 434,000 €0.19 €81,512
11. Oct 19 Buy Cheung Cheng Individual 11. Oct 19 11. Oct 19 10,000 €0.19 €1,881
09. Oct 19 Buy Cheung Cheng Individual 08. Oct 19 08. Oct 19 16,000 €0.19 €3,074
25. Sep 19 Buy Cheung Cheng Individual 24. Sep 19 24. Sep 19 14,000 €0.19 €2,662
06. Jun 19 Buy Cheung Cheng Individual 06. Jun 19 06. Jun 19 240,000 €0.20 €47,980
05. Jun 19 Buy Cheung Cheng Individual 05. Jun 19 05. Jun 19 26,000 €0.20 €5,248
04. Jun 19 Buy Cheung Cheng Individual 03. Jun 19 03. Jun 19 40,000 €0.20 €8,018
X
Management checks
We assess Luks Group (Vietnam Holdings)'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. Luks Group (Vietnam Holdings) 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.

LU4 News

Simply Wall St News

LU4 Company Info

Description

Luks Group (Vietnam Holdings) Company Limited, an investment holding company, manufactures and sells cement products for use in the construction industry in Vietnam, Hong Kong, and the People's Republic of China. It operates through five segments: Cement Products; Property Investment; Hotel Operation; Property Development; and Corporate and Others. The company offers cement products under the KIM DINH brand to construction sites and retail markets; provides clinkers; and invests in and rents various properties, including industrial, office, commercial, and residential premises, as well as provides property management and related services. It also develops and sells properties; operates and manages the PENTAHOTEL HONG KONG with 298 rooms located in Tuen Mun; sells and trades in electronic products, including printed circuits boards and other electronics components; and manufactures and sells plywood products. The company was founded in 1975 and is based in To Kwa Wan, Hong Kong.

Details
Name: Luks Group (Vietnam Holdings) Company Limited
LU4
Exchange: DB
Founded: 1975
HK$71,724,064
505,297,418
Website: http://www.luks.com.hk
Address: Luks Group (Vietnam Holdings) Company Limited
Cheong Wah Factory Building,
5th Floor,
To Kwa Wan,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 366 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
OTCPK LKSG.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB LU4 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,180
Luks Group (Vietnam Holdings) employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:27
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2019/03/27
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.