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ArtGo Holdings

SEHK:3313
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3313
SEHK
HK$1B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

ArtGo Holdings Limited, an investment holding company, primarily engages in the trading of commodities in Mainland China and internationally. The last earnings update was 66 days ago. More info.


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  • ArtGo Holdings has significant price volatility in the past 3 months.
3313 Share Price and Events
7 Day Returns
-12.5%
SEHK:3313
-1.6%
HK Trade Distributors
-2.7%
HK Market
1 Year Returns
-10.3%
SEHK:3313
-7.9%
HK Trade Distributors
-5.6%
HK Market
3313 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ArtGo Holdings (3313) -12.5% -94.4% -95.6% -10.3% -55.1% -81%
HK Trade Distributors -1.6% -16.7% -16.8% -7.9% -25.5% -63.6%
HK Market -2.7% -4.6% -1% -5.6% 4.1% -4%
1 Year Return vs Industry and Market
  • 3313 underperformed the Trade Distributors industry which returned -7.9% over the past year.
  • 3313 underperformed the Market in Hong Kong which returned -5.6% over the past year.
Price Volatility
3313
Industry
5yr Volatility vs Market

Value

 Is ArtGo 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 ArtGo 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 ArtGo Holdings.

SEHK:3313 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 9%
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:3313
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 1.6%
Equity Risk Premium S&P Global 6.3%
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%) (48.22%))
1.184
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.55% + (1.184 * 6.33%)
9.05%

Discounted Cash Flow Calculation for SEHK:3313 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ArtGo 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.

SEHK:3313 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.05%)
2020 97.05 Est @ 53.84% 89.00
2021 134.07 Est @ 38.15% 112.75
2022 170.50 Est @ 27.17% 131.49
2023 203.72 Est @ 19.48% 144.08
2024 232.45 Est @ 14.1% 150.76
2025 256.48 Est @ 10.34% 152.55
2026 276.24 Est @ 7.7% 150.67
2027 292.41 Est @ 5.86% 146.26
2028 305.76 Est @ 4.56% 140.25
2029 316.95 Est @ 3.66% 133.32
Present value of next 10 years cash flows CN¥1,351.00
SEHK:3313 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥316.95 × (1 + 1.55%) ÷ (9.05% – 1.55%)
CN¥4,293.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥4,293.95 ÷ (1 + 9.05%)10
CN¥1,806.21
SEHK:3313 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥1,351.00 + CN¥1,806.21
CN¥3,157.21
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥3,157.21 / 3,114.83
CN¥1.01
SEHK:3313 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:3313)
1.111
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.01 x 1.111
HK$1.13
Value per share (HKD) From above. HK$1.13
Current discount Discount to share price of HK$0.35
= -1 x (HK$0.35 - HK$1.13) / HK$1.13
68.9%

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

Current Discount
Amount off the current price ArtGo Holdings is available for.
Intrinsic value
>50%
Share price is HK$0.35 vs Future cash flow value of HK$1.13
Current Discount Checks
For ArtGo Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ArtGo Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ArtGo 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 ArtGo Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ArtGo Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:3313 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CNY CN¥-0.15
SEHK:3313 Share Price ** SEHK (2019-12-05) in HKD HK$0.35
SEHK:3313 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.9 CN¥0.32
Hong Kong Trade Distributors Industry PE Ratio Median Figure of 27 Publicly-Listed Trade Distributors Companies 9.07x
Hong Kong Market PE Ratio Median Figure of 1,469 Publicly-Listed Companies 10.13x

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

** Primary Listing of ArtGo Holdings.

SEHK:3313 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3313 Share Price ÷ EPS (both in CNY)

= 0.32 ÷ -0.15

-2.09x

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

  • ArtGo Holdings is loss making, we can't compare its value to the HK Trade Distributors industry average.
  • ArtGo Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does ArtGo Holdings's expected growth come at a high price?
Raw Data
SEHK:3313 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.09x
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 1.27x
Hong Kong Market PEG Ratio Median Figure of 480 Publicly-Listed Companies 0.72x

*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 ArtGo Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ArtGo Holdings's assets?
Raw Data
SEHK:3313 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CNY CN¥0.55
SEHK:3313 Share Price * SEHK (2019-12-05) in HKD HK$0.35
SEHK:3313 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.9 CN¥0.32
Hong Kong Trade Distributors Industry PB Ratio Median Figure of 58 Publicly-Listed Trade Distributors Companies 0.58x
Hong Kong Market PB Ratio Median Figure of 2,202 Publicly-Listed Companies 0.81x
SEHK:3313 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3313 Share Price ÷ Book Value per Share (both in CNY)

= 0.32 ÷ 0.55

0.57x

* Primary Listing of ArtGo Holdings.

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

  • ArtGo Holdings is good value based on assets compared to the HK Trade Distributors industry average.
X
Value checks
We assess ArtGo 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 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. ArtGo Holdings has a total score of 3/6, see the detailed checks below.

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

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

Future Performance

 How is ArtGo 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 ArtGo 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
5.7%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ArtGo Holdings expected to grow at an attractive rate?
  • Unable to compare ArtGo Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ArtGo Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare ArtGo Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:3313 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 3.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*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:3313 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 CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:3313 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:3313 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-06-30 487 184 -384
2019-03-31 512 135 -390
2018-12-31 537 85 -396
2018-09-30 576 -118 -222
2018-06-30 616 -322 -47
2018-03-31 944 -276 -19
2017-12-31 1,271 -231 8
2017-09-30 1,476 -120 -5
2017-06-30 1,681 -9 -18
2017-03-31 1,370 -16 -9
2016-12-31 1,059 -22 -1
2016-09-30 687 8 34

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ArtGo Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if ArtGo 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
SEHK:3313 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 ArtGo Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3313 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:3313 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-06-30 -0.15
2019-03-31 -0.16
2018-12-31 -0.17
2018-09-30 -0.10
2018-06-30 -0.02
2018-03-31 -0.01
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 0.00
2016-09-30 0.02

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

Next steps:

  1. Examine whether ArtGo Holdings is trading at ArtGo 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. ArtGo 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 Capital Goods companies here
  3. ArtGo 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 ArtGo 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 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.
ArtGo 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.

Past Performance

  How has ArtGo 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 ArtGo Holdings'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.
  • ArtGo Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare ArtGo Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ArtGo Holdings's 1-year growth to the HK Trade Distributors industry average as it is not currently profitable.
Earnings and Revenue History
ArtGo 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 ArtGo Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3313 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 486.87 -383.86 107.35
2019-03-31 511.83 -389.82 106.29
2018-12-31 536.79 -395.79 105.24
2018-09-30 576.49 -221.56 71.99
2018-06-30 616.20 -47.34 58.92
2018-03-31 943.63 -19.44 58.69
2017-12-31 1,271.06 8.45 58.47
2017-09-30 1,475.89 -4.81 60.38
2017-06-30 1,680.72 -18.07 62.29
2017-03-31 1,370.09 -9.31 61.19
2016-12-31 1,059.46 -0.55 60.09
2016-09-30 686.50 33.69 62.99
2016-06-30 313.55 67.93 65.88
2016-03-31 322.88 71.67 71.73
2015-12-31 332.22 75.41 77.58
2015-09-30 303.81 72.60 75.05
2015-06-30 275.40 69.80 72.53
2015-03-31 309.87 86.06 71.54
2014-12-31 344.34 102.33 70.56
2014-09-30 329.43 77.74 82.60
2014-06-30 321.82 79.10 79.53
2014-03-31 230.80 39.35 74.80
2013-12-31 139.78 -0.40 70.06
2013-09-30 97.96 1.15 48.65
2012-12-31 8.21 -19.42 20.21

*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.
  • It is difficult to establish if ArtGo Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if ArtGo Holdings has efficiently used its assets last year compared to the HK Trade Distributors industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ArtGo Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ArtGo 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 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.
ArtGo Holdings has a total score of 0/6, 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 ArtGo 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 ArtGo Holdings's finances.

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

SEHK:3313 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,680.40 472.25 85.15
2019-03-31 1,680.40 472.25 85.15
2018-12-31 1,628.06 427.79 103.37
2018-09-30 1,628.06 427.79 103.37
2018-06-30 2,069.43 463.97 18.48
2018-03-31 2,069.43 463.97 18.48
2017-12-31 2,060.78 420.40 34.97
2017-09-30 2,060.78 420.40 34.97
2017-06-30 1,815.95 446.09 67.20
2017-03-31 1,815.95 446.09 67.20
2016-12-31 1,796.57 221.28 67.19
2016-09-30 1,796.57 221.28 67.19
2016-06-30 1,323.20 120.97 783.05
2016-03-31 1,323.20 120.97 783.05
2015-12-31 1,045.62 146.20 866.13
2015-09-30 1,045.62 146.20 866.13
2015-06-30 1,008.90 109.37 1,034.20
2015-03-31 1,008.90 109.37 1,034.20
2014-12-31 967.23 153.80 970.23
2014-09-30 967.23 153.80 970.23
2014-06-30 936.21 107.66 888.25
2014-03-31 936.21 107.66 888.25
2013-12-31 861.06 152.17 885.57
2013-09-30 225.11 67.20 131.67
2012-12-31 -15.96 278.55 201.97
  • ArtGo Holdings's level of debt (28.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (11.5% vs 28.1% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making ArtGo Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making ArtGo Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -40.2% per year.
X
Financial health checks
We assess ArtGo 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. ArtGo Holdings has a total score of 5/6, 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 ArtGo 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
0%
Current annual income from ArtGo Holdings dividends.
If you bought HK$2,000 of ArtGo Holdings 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 ArtGo Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ArtGo Holdings'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:3313 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 3.8%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.3%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.3%
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.

SEHK:3313 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as ArtGo Holdings has not reported any payouts.
  • Unable to verify if ArtGo Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ArtGo Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ArtGo Holdings 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 ArtGo Holdings'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 ArtGo Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ArtGo Holdings 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.

Management

 What is the CEO of ArtGo 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
Jing Wu
COMPENSATION CN¥4,145,000
AGE 33
TENURE AS CEO 3 years
CEO Bio

Ms. Jing Wu has been the Chairman of the Board and Executive Director of ArtGo Holdings Limited since June 8, 2016 and March 09, 2016 respectively and its Acting Chief Executive Officer since December 1, 2016. Ms. Wu served as Vice President of the ArtGo Holdings Limited until June 8, 2016. Ms. Wu joined ArtGo Holdings Limited on March 9, 2016. Ms. Wu was responsible for promotion and marketing affairs of the ArtGo Holdings Limited. Ms. Wu has 6 years' experience in corporate brand management. In 2010, Ms. Wu founded a management consulting firm, which provided consultancy services in relation to brand promotion, sales and public relations to the local and overseas organizations and corporations since February 2010, including but not limited to Information Services Department of The Government of the Hong Kong Special Administrative Region of the People's Republic of China, Hong Kong Tourism Board, Standard Chartered Bank (Hong Kong) Limited, Hang Seng Bank Limited, DTZ Holdings PLC, Sinopec (Hong Kong) Limited, Suning Commerce Group Co., Ltd and Powerchina Resources Ltd. She serves as the Standing Director of Jiangsu Women Association and the Director of Jiangsu Youth Association. In 2015, she was awarded the `Ten Outstanding New Hong Kong Young Persons'. In June 2008, Ms. Wu obtained her bachelor's degree in biological technology from Wuhan University. She then obtained her master of science degree in environmental engineering from the Hong Kong University of Science and Technology and her master degree in industrial engineering and logistics management from the University of Hong Kong in November 2009 and November 2010, respectively.

CEO Compensation
  • Jing's compensation has increased whilst company is loss making.
  • Jing's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the ArtGo Holdings management team in years:

3
Average Tenure
44
Average Age
  • The tenure for the ArtGo Holdings management team is about average.
Management Team

Jing Wu

TITLE
Chairman & Acting CEO
COMPENSATION
CN¥4M
AGE
33
TENURE
3 yrs

Weiwen Gu

TITLE
Vice Chairman
COMPENSATION
CN¥4M
AGE
49

Jian Zhang

TITLE
Deputy GM
COMPENSATION
CN¥2M
AGE
44

Wai Ming Lee

TITLE
Chief Finance Officer
AGE
51

Shikui Jiang

TITLE
Chief Operation Officer
AGE
38
TENURE
1.9 yrs

Jiyan Zhang

TITLE
Dep. Manager of Tech. & Quality Research and Dep. Chief of Building Preparatory - Stone Processing
AGE
47

Zhipeng Zhao

TITLE
Company Secretary
AGE
36
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the ArtGo Holdings board of directors in years:

3.5
Average Tenure
49
Average Age
  • The tenure for the ArtGo Holdings board of directors is about average.
Board of Directors

Jing Wu

TITLE
Chairman & Acting CEO
COMPENSATION
CN¥4M
AGE
33
TENURE
3.5 yrs

Weiwen Gu

TITLE
Vice Chairman
COMPENSATION
CN¥4M
AGE
49
TENURE
3 yrs

Jian Zhang

TITLE
Deputy GM
COMPENSATION
CN¥2M
AGE
44
TENURE
3.8 yrs

Kelvin Hui

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥303K
AGE
59
TENURE
3.5 yrs

Yuet Kwan Lung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥320K
AGE
52
TENURE
2.5 yrs

Zengcai Gu

TITLE
Non-Executive Director
COMPENSATION
CN¥276K
AGE
56
TENURE
3.5 yrs

Xiaohan Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥218K
AGE
34
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • ArtGo Holdings individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
25. Nov 19 Sell Ka Kit Leung Individual 22. Nov 19 22. Nov 19 -385,525,840 HK$0.30 HK$-115,272,634
25. Nov 19 Sell Ka Kit Leung Individual 21. Nov 19 21. Nov 19 -151,210,000 HK$3.81 HK$-576,110,258
30. Jul 19 Sell China First Capital Group Limited Company 30. Jul 19 30. Jul 19 -80,000,000 HK$2.25 HK$-180,000,206
26. Jul 19 Sell Xinxing Cathay International Group Co., Ltd. Company 26. Jul 19 26. Jul 19 -190,000,000 HK$2.50 HK$-474,999,619
17. Jun 19 Sell Zhengguo Gu Individual 10. Jun 19 10. Jun 19 -30,000,000 HK$0.94 HK$-28,200,010
28. May 19 Sell Yin Qin Individual 19. May 19 19. May 19 -1,145,000 HK$0.85 HK$-972,103
23. May 19 Sell Yin Qin Individual 20. May 19 20. May 19 -167,547,160 HK$0.85 HK$-142,246,908
25. Feb 19 Sell Tao Zhang Individual 22. Feb 19 22. Feb 19 -108,000,000 HK$0.74 HK$-79,920,193
20. Feb 19 Sell China Marble Investment Holdings Limited Company 14. Feb 19 14. Feb 19 -224,564,452 HK$0.36 HK$-80,213,656
X
Management checks
We assess ArtGo 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. ArtGo 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.

News

Simply Wall St News

Is ArtGo Holdings (HKG:3313) A Risky Investment?

We can see that ArtGo Holdings Limited (HKG:3313) does use debt in its business. … See our latest analysis for ArtGo Holdings How Much Debt Does ArtGo Holdings Carry? … SEHK:3313 Historical Debt, August 23rd 2019 A Look At ArtGo Holdings's Liabilities The latest balance sheet data shows that ArtGo Holdings had liabilities of CN¥456.4m due within a year, and liabilities of CN¥216.3m falling due after that.

Simply Wall St -

ArtGo Holdings Limited (HKG:3313): What Does Its Beta Value Mean For Your Portfolio?

If you own shares in ArtGo Holdings Limited (HKG:3313) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. … It takes less capital to move the share price of small companies, and they are also more impacted by company specific events, so it's a bit of a surprise that the beta is so close to the overall market. … What this means for you: ArtGo Holdings has a beta value quite close to that of the overall market.

Simply Wall St -

Investors Who Bought ArtGo Holdings (HKG:3313) Shares A Year Ago Are Now Up 433%

For example, the ArtGo Holdings Limited (HKG:3313) share price rocketed moonwards 433% in just one year. … See our latest analysis for ArtGo Holdings Because ArtGo Holdings is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … This is in stark contrast to the splendorous stock price, which has rocketed 433% since this time a year ago.

Simply Wall St -

Is ArtGo Holdings Limited's (HKG:3313) CEO Pay Fair?

First, this article will compare CEO compensation with compensation at similar sized companies. … View our latest analysis for ArtGo Holdings How Does Jing Wu's Compensation Compare With Similar Sized Companies? … ArtGo Holdings Limited is currently paying its CEO below what is normal for companies of its size.

Simply Wall St -

Read This Before Buying ArtGo Holdings Limited (HKG:3313) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in ArtGo Holdings Limited (HKG:3313). … The Last 12 Months Of Insider Transactions At ArtGo Holdings. … While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign

Simply Wall St -

Do Directors Own ArtGo Holdings Limited (HKG:3313) Shares?

The big shareholder groups in ArtGo Holdings Limited (HKG:3313) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … ArtGo Holdings is not a large company by global standards.

Simply Wall St -

Some ArtGo Holdings Shareholders Have Copped A Big 59% Share Price Drop

ArtGo Holdings Limited (HKG:3313) shareholders will doubtless be very grateful to see the share price up 120% in the last quarter. … In that time the share price has delivered a rude shock to holders, who find themselves down 59% after a long stretch. … Over five years ArtGo Holdings improved its earnings per share from a loss-making position.

Simply Wall St -

What Investors Should Know About ArtGo Holdings Limited's (HKG:3313) Financial Strength

ArtGo Holdings Limited (HKG:3313) is a small-cap stock with a market capitalization of HK$949m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Can We See Significant Insider Ownership On The ArtGo Holdings Limited (HKG:3313) Share Register?

A look at the shareholders of ArtGo Holdings Limited (HKG:3313) can tell us which group is most powerful. … With a market capitalization of HK$791m, ArtGo Holdings is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for ArtGo Holdings

Simply Wall St -

With An ROE Of 0.38%, Can ArtGo Holdings Limited (HKG:3313) Catch Up To The Industry?

and want a simplistic look at the return on ArtGo Holdings Limited (HKG:3313) stock. … ArtGo Holdings Limited’s (HKG:3313) most recent return on equity was a substandard 0.38% relative to its industry performance of 9.11% over the past year. … Though 3313's recent performance is underwhelming, it is useful to understand what ROE is made up of and how it should be interpreted.

Simply Wall St -

Company Info

Description

ArtGo Holdings Limited, an investment holding company, primarily engages in the trading of commodities in Mainland China and internationally. The company operates through three segments: Marble Products, Commodity Trading, and Warehousing Logistics Services. It is also involved in the mining, processing, trading, and sale of marble stones. The company owns and operates the Guiguan mine and Wenshi mine located in the Guanyang County of Guangxi Province; Dejiang mine, which is located in the Dejiang Town of Guizhou Province; and Yongfeng mine, Zhangxi mine, and Lingnan mine located in the Yongfeng County of Jiangxi Province. It offers marble slabs, and marble related crafts, as well as bathroom and tailor-made household products. In addition, the company provides cargo handling, warehousing, and logistics services; and wholesales and retails decorating materials and chemical products. Further, it provides technical service for stone processing, as well as enterprise management and investment consulting services; and processes minerals. The company was formerly known as ArtGo Mining Holdings Limited and changed its name to ArtGo Holdings Limited in March 2015. ArtGo Holdings Limited was incorporated in 2011 and is headquartered in Shanghai, the People's Republic of China.

Details
Name: ArtGo Holdings Limited
3313
Exchange: SEHK
Founded: 2011
HK$1,090,189,705
3,114,827,729
Website: http://www.artgo.cn
Address: ArtGo Holdings Limited
PICC Life Insurance Building,
9th Floor,
Shanghai,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3313 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 30. Dec 2013
OTCPK RTGO.F Ordinary Shares Pink Sheets LLC US USD 30. Dec 2013
Number of employees
Current staff
Staff numbers
110
ArtGo Holdings employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 12:59
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2018/04/02
Last earnings filing: 2019/09/30
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.