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CNNC International

SEHK:2302
Snowflake Description

Proven track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2302
SEHK
HK$1B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

CNNC International Limited, an investment holding company, explores for and trades in mineral properties in Mongolia and the People’s Republic of China. The last earnings update was 80 days ago. More info.


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2302 Share Price and Events
7 Day Returns
-3.1%
SEHK:2302
1.6%
HK Trade Distributors
0.9%
HK Market
1 Year Returns
-2.1%
SEHK:2302
-6.5%
HK Trade Distributors
-1.5%
HK Market
2302 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CNNC International (2302) -3.1% -0.7% -6% -2.1% 7.3% -2.8%
HK Trade Distributors 1.6% -23.5% -20.6% -6.5% -24.6% -63.5%
HK Market 0.9% -3.7% -0.1% -1.5% 5.4% -2.2%
1 Year Return vs Industry and Market
  • 2302 outperformed the Trade Distributors industry which returned -6.5% over the past year.
  • 2302 matched the Hong Kong Market (-1.5%) over the past year.
Price Volatility
2302
Industry
5yr Volatility vs Market

2302 Value

 Is CNNC International 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 CNNC International 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 CNNC International.

SEHK:2302 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 8.2%
Perpetual Growth Rate 10-Year HK Government Bond Rate 1.6%

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 SEHK:2302
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 1.6%
Equity Risk Premium S&P Global 6.1%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.936 (1 + (1- 25%) (28.85%))
1.093
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.55% + (1.093 * 6.07%)
8.18%

Discounted Cash Flow Calculation for SEHK:2302 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CNNC International 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.

SEHK:2302 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.18%)
2020 46.50 Est @ 51.95% 42.98
2021 63.62 Est @ 36.83% 54.36
2022 80.32 Est @ 26.25% 63.43
2023 95.45 Est @ 18.84% 69.68
2024 108.48 Est @ 13.65% 73.20
2025 119.35 Est @ 10.02% 74.45
2026 128.28 Est @ 7.48% 73.96
2027 135.59 Est @ 5.7% 72.26
2028 141.64 Est @ 4.46% 69.77
2029 146.71 Est @ 3.58% 66.80
Present value of next 10 years cash flows HK$660.00
SEHK:2302 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$146.71 × (1 + 1.55%) ÷ (8.18% – 1.55%)
HK$2,245.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$2,245.57 ÷ (1 + 8.18%)10
HK$1,022.52
SEHK:2302 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$660.00 + HK$1,022.52
HK$1,682.52
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$1,682.52 / 489.17
HK$3.44
SEHK:2302 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$3.44
Current discount Discount to share price of HK$2.81
= -1 x (HK$2.81 - HK$3.44) / HK$3.44
18.3%

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

Current Discount
Amount off the current price CNNC International is available for.
Intrinsic value
18%
Share price is HK$2.81 vs Future cash flow value of HK$3.44
Current Discount Checks
For CNNC International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CNNC International's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • CNNC International'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 CNNC International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CNNC International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2302 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$0.04
SEHK:2302 Share Price ** SEHK (2019-12-06) in HKD HK$2.81
Hong Kong Trade Distributors Industry PE Ratio Median Figure of 27 Publicly-Listed Trade Distributors Companies 9.19x
Hong Kong Market PE Ratio Median Figure of 1,470 Publicly-Listed Companies 10.14x

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

** Primary Listing of CNNC International.

SEHK:2302 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2302 Share Price ÷ EPS (both in HKD)

= 2.81 ÷ 0.04

66.57x

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

  • CNNC International is overvalued based on earnings compared to the HK Trade Distributors industry average.
  • CNNC International is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does CNNC International's expected growth come at a high price?
Raw Data
SEHK:2302 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 66.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Trade Distributors Industry PEG Ratio Median Figure of 47 Publicly-Listed Trade Distributors Companies 1.3x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.75x

*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 CNNC International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CNNC International's assets?
Raw Data
SEHK:2302 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$1.20
SEHK:2302 Share Price * SEHK (2019-12-06) in HKD HK$2.81
Hong Kong Trade Distributors Industry PB Ratio Median Figure of 58 Publicly-Listed Trade Distributors Companies 0.57x
Hong Kong Market PB Ratio Median Figure of 2,203 Publicly-Listed Companies 0.82x
SEHK:2302 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2302 Share Price ÷ Book Value per Share (both in HKD)

= 2.81 ÷ 1.20

2.34x

* Primary Listing of CNNC International.

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

  • CNNC International is overvalued based on assets compared to the HK Trade Distributors industry average.
X
Value checks
We assess CNNC International'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. CNNC International has a total score of 0/6, 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.

2302 Future Performance

 How is CNNC International 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 CNNC International 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
5.7%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CNNC International expected to grow at an attractive rate?
  • Unable to compare CNNC International's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare CNNC International's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare CNNC International's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:2302 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.9%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.7%

*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
SEHK:2302 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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.
SEHK:2302 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 2,462 32 21
2019-03-31 2,227 -16 22
2018-12-31 1,992 -64 24
2018-09-30 1,641 -101 15
2018-06-30 1,290 -138 6
2018-03-31 971 -89 3
2017-12-31 652 -41 0
2017-09-30 449 -72 -8
2017-06-30 247 -102 -16
2017-03-31 218 -84 -22
2016-12-31 189 -65 -28
2016-09-30 135 -22 -24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if CNNC International is high growth as no earnings estimate data is available.
  • Unable to determine if CNNC International 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
SEHK:2302 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CNNC International Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2302 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 0.04
2019-03-31 0.05
2018-12-31 0.05
2018-09-30 0.03
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.00
2017-09-30 -0.02
2017-06-30 -0.03
2017-03-31 -0.05
2016-12-31 -0.06
2016-09-30 -0.05

*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 CNNC International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out CNNC International's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. CNNC International'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 Capital Goods companies here
  3. CNNC International'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 CNNC International'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
CNNC International 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.

2302 Past Performance

  How has CNNC International 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 CNNC International's growth in the last year to its industry (Trade Distributors).
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.
  • CNNC International has delivered over 20% year on year earnings growth in the past 5 years.
  • CNNC International's 1-year earnings growth exceeds its 5-year average (233.8% vs 63.1%)
  • CNNC International's earnings growth has exceeded the HK Trade Distributors industry average in the past year (233.8% vs 1%).
Earnings and Revenue History
CNNC International'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 CNNC International Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2302 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 2,461.69 20.65 21.76
2019-03-31 2,226.87 22.13 21.04
2018-12-31 1,992.05 23.61 20.32
2018-09-30 1,640.81 14.90 19.93
2018-06-30 1,289.57 6.19 19.54
2018-03-31 970.81 3.22 19.11
2017-12-31 652.06 0.26 18.68
2017-09-30 449.47 -7.81 16.90
2017-06-30 246.88 -15.88 15.13
2017-03-31 218.15 -22.04 15.65
2016-12-31 189.43 -28.19 16.18
2016-09-30 135.06 -24.32 17.00
2016-06-30 80.70 -20.45 17.81
2016-03-31 69.23 -120.52 18.09
2015-12-31 57.76 -220.60 18.36
2015-09-30 28.88 -264.58 19.10
2015-06-30 0.00 -308.57 19.85
2015-03-31 260.19 -232.48 20.52
2014-12-31 520.38 -156.40 21.20
2014-09-30 800.09 -117.16 22.72
2014-06-30 1,079.80 -77.92 24.25
2014-03-31 1,123.95 -48.26 23.80
2013-12-31 1,168.10 -18.61 23.34
2013-09-30 1,097.11 -10.51 23.40
2013-06-30 1,026.12 -2.40 23.46
2013-03-31 721.78 -14.27 23.55
2012-12-31 417.44 -26.14 23.64

*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.
  • CNNC International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CNNC International used its assets less efficiently than the HK Trade Distributors industry average last year based on Return on Assets.
  • CNNC International has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess CNNC International'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 Trade Distributors 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.
CNNC International 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.

2302 Health

 How is CNNC International'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 CNNC International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CNNC International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CNNC International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CNNC International'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 1x 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 CNNC International Company Filings, last reported 5 months ago.

SEHK:2302 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 586.64 396.50 59.38
2019-03-31 586.64 396.50 59.38
2018-12-31 566.69 0.12 177.92
2018-09-30 566.69 0.12 177.92
2018-06-30 551.60 0.12 84.45
2018-03-31 551.60 0.12 84.45
2017-12-31 545.71 0.12 247.74
2017-09-30 545.71 0.12 247.74
2017-06-30 542.71 3.54 219.07
2017-03-31 542.71 3.54 219.07
2016-12-31 541.88 0.00 285.02
2016-09-30 541.88 0.00 285.02
2016-06-30 557.08 4.21 319.25
2016-03-31 557.08 4.21 319.25
2015-12-31 569.89 3.19 348.78
2015-09-30 569.89 3.19 348.78
2015-06-30 577.37 1.97 295.34
2015-03-31 577.37 1.97 295.34
2014-12-31 790.60 7.77 210.58
2014-09-30 790.60 7.77 210.58
2014-06-30 886.01 2.37 259.65
2014-03-31 886.01 2.37 259.65
2013-12-31 946.97 1.61 293.90
2013-09-30 946.97 1.61 293.90
2013-06-30 963.20 2.43 322.72
2013-03-31 963.20 2.43 322.72
2012-12-31 964.75 409.09 621.88
  • CNNC International's level of debt (67.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.3% vs 67.6% today).
  • Debt is not well covered by operating cash flow (8.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess CNNC International'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. CNNC International has a total score of 2/6, 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.

2302 Dividends

 What is CNNC International'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
0%
Current annual income from CNNC International dividends.
If you bought HK$2,000 of CNNC International shares you are expected to receive HK$0 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?
  • Unable to evaluate CNNC International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CNNC International's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
SEHK:2302 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
Hong Kong Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 963 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.3%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.2%
Hong Kong Top 25% Dividend Yield 75th Percentile 6.3%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as CNNC International has not reported any payouts.
  • Unable to verify if CNNC International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CNNC International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CNNC International has not reported any payouts.
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 CNNC International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 CNNC International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CNNC International has a total score of 0/6, see the detailed checks below.


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

2302 Management

 What is the CEO of CNNC International'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
Lei Cheng
AGE 38
TENURE AS CEO 0.5 years
CEO Bio

Mr. Cheng Lei has been Executive Director and Chief Executive Officer of CNNC International Ltd. since June 1, 2019. Mr. Cheng joined CNNC Finance Company, Limited in 2005. Mr. Cheng was transferred to the finance department of China National Nuclear Corporation (“CNNC”), the ultimate holding company of the Company and worked as a deputy director in 2008. Mr. Cheng was then transferred to China Zhongyuan Engineering Co., Ltd (“CZEC”) in 2016 and worked as assistant supervisor and then supervisor to be in charge of its finance department. Mr. Cheng is also a director of China National Nuclear Corporation (Shenzhen) Limited (“CNNCSZ”) and a supervisor of AF Technology, Limited (“AF Tech”). CNNCFC, CZEC and CNNCSZ are subsidiaries of CNNC. CNNC is a substantial shareholder of AF Tech. Mr. Cheng graduated from University of Science and Technology of China with a master degree in finance in 2005. He was qualified as an economist in the PRC.

CEO Compensation
  • Insufficient data for Lei to compare compensation growth.
  • Insufficient data for Lei to establish whether their remuneration is reasonable compared to companies of similar size in Hong Kong.
Management Team

Lei Cheng

TITLE
Executive Director & CEO
AGE
38
TENURE
0.5 yrs

Philip Li

TITLE
Company Secretary & Financial Controller
AGE
60
Board of Directors Tenure

Average tenure and age of the CNNC International board of directors in years:

6.9
Average Tenure
49
Average Age
  • The tenure for the CNNC International board of directors is about average.
Board of Directors

Chaodong Yang

TITLE
Chairman of the Board
AGE
54
TENURE
2.8 yrs

Lei Cheng

TITLE
Executive Director & CEO
AGE
38
TENURE
0.5 yrs

Henry Cheong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$250K
AGE
72
TENURE
11.1 yrs

Liguo Cui

TITLE
Independent Non-Executive Director
COMPENSATION
HK$250K
AGE
49
TENURE
11.1 yrs

Lei Zhang

TITLE
Independent Non Executive Director
COMPENSATION
HK$250K
AGE
49
TENURE
11.1 yrs

Zhihuang Li

TITLE
Non-Executive Director
AGE
46
TENURE
1.9 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 (HK$) Value (HK$)
X
Management checks
We assess CNNC International'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. CNNC International 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.

2302 News

Simply Wall St News

With A 4.2% Return On Equity, Is CNNC International Limited (HKG:2302) A Quality Stock?

One way to conceptualize this, is that for each HK$1 of shareholders' equity it has, the company made HK$0.042 in profit. … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for CNNC International: 4.2% = HK$24m ÷ HK$567m (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does CNNC International Have A Good Return On Equity?

Simply Wall St -

CNNC International (HKG:2302) Has A Pretty Healthy Balance Sheet

We note that CNNC International Limited (HKG:2302) does have debt on its balance sheet. … CNNC International may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Summing up While it is always sensible to investigate a company's debt, in this case CNNC International has HK$178m in net cash and a decent-looking balance sheet.

Simply Wall St -

If You Had Bought CNNC International (HKG:2302) Stock Five Years Ago, You Could Pocket A 30% Gain Today

For example, long term CNNC International Limited (HKG:2302) shareholders have enjoyed a 30% share price rise over the last half decade, well in excess of the market return of around 4.6% (not including dividends). … Check out our latest analysis for CNNC International In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … Before deciding if you like the current share price, check how CNNC International scores on these 3 valuation metrics.

Simply Wall St -

Is CNNC International Limited (HKG:2302) A Volatile Stock?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

CNNC International Limited (HKG:2302) Might Not Be A Great Investment

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

The CNNC International (HKG:2302) Share Price Is Up 34% And Shareholders Are Holding On

For example, long term CNNC International Limited (HKG:2302) shareholders have enjoyed a 34% share price rise over the last half decade, well in excess of the market return of around 22% (not including dividends). … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During the last half decade, CNNC International became profitable.

Simply Wall St -

Should We Be Cautious About CNNC International Limited's (HKG:2302) ROE Of 1.1%?

Our data shows CNNC International has a return on equity of 1.1% for the last year. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.011 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does The CNNC International Limited (HKG:2302) Share Price Fall With The Market?

If you're interested in CNNC International Limited (HKG:2302), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

With A 1.1% Return On Equity, Is CNNC International Limited (HKG:2302) A Quality Stock?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand CNNC International Limited (HKG:2302). … CNNC International has a ROE of 1.1%, based on the last twelve months.

Simply Wall St -

Should You Have CNNC International Limited's (HKG:2302) In Your Portfolio?

The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … Not every stock is exposed to the same level of market risk. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one.

Simply Wall St -

2302 Company Info

Description

CNNC International Limited, an investment holding company, explores for and trades in mineral properties in Mongolia and the People’s Republic of China. It operates through Trading of Mineral Property, Exploration and Selling of Mineral Properties, and Supply Chain segments. The company holds interests in uranium projects located in Mongolia. It also sells electronics and other products, including liquid crystal displays, flash drives, memory cards, etc.; and offers supply chain services. The company was formerly known as United Metals Holdings Limited and changed its name to CNNC International Limited in August 2008. The company was incorporated in 2002 and is headquartered in Hong Kong, Hong Kong. CNNC International Limited is a subsidiary of CNNC Overseas Uranium Holding Limited.

Details
Name: CNNC International Limited
2302
Exchange: SEHK
Founded: 2002
HK$1,374,562,945
489,168,308
Website: http://www.cnncintl.com
Address: CNNC International Limited
No. 118 Connaught Road West,
30th Floor,
Hong Kong,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2302 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 06. Jan 2003
DB U7MA Ordinary Shares Deutsche Boerse AG DE EUR 06. Jan 2003
Number of employees
Current staff
Staff numbers
21
CNNC International employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/09 12:34
End of day share price update: 2019/12/06 00:00
Last earnings filing: 2019/09/20
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.