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CA Cultural Technology Group

SEHK:1566
Snowflake Description

Imperfect balance sheet with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1566
SEHK
HK$3B
Market Cap
  1. Home
  2. HK
  3. Consumer Services
Company description

CA Cultural Technology Group Limited, an investment holding company, engages in the sales of animation derivative products, establishment and operation of indoor theme parks, and multimedia animation entertainment businesses in the People’s Republic of China, Japan, and Hong Kong. The last earnings update was 97 days ago. More info.


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  • CA Cultural Technology Group has significant price volatility in the past 3 months.
1566 Share Price and Events
7 Day Returns
30%
SEHK:1566
-4.8%
HK Hospitality
0.2%
HK Market
1 Year Returns
22.9%
SEHK:1566
-33.5%
HK Hospitality
-22%
HK Market
1566 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CA Cultural Technology Group (1566) 30% 33% 31.8% 22.9% -10.5% 24.5%
HK Hospitality -4.8% -21.9% -30.7% -33.5% -29.6% -33.1%
HK Market 0.2% -12.4% -16.4% -22% -13.4% -28.8%
1 Year Return vs Industry and Market
  • 1566 outperformed the Hospitality industry which returned -33.5% over the past year.
  • 1566 outperformed the Market in Hong Kong which returned -22% over the past year.
Price Volatility
1566
Industry
5yr Volatility vs Market

Value

 Is CA Cultural Technology Group 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 CA Cultural Technology Group 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 CA Cultural Technology Group.

SEHK:1566 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in HKD HK$ .023000
Payout Ratio Company Filings (2019-09-30) 2502%
Discount Rate (Cost of Equity) See below 9.3%
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:1566
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 1.6%
Equity Risk Premium S&P Global 6.1%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 25%) (27.57%))
1.282
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.55% + (1.282 * 6.07%)
9.33%

Discounted Cash Flow Calculation for SEHK:1566 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for CA Cultural Technology Group is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

SEHK:1566 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= HK$0.02 / (9.33% - 1.55%)
HK$0.3
SEHK:1566 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.30
Current discount Discount to share price of HK$2.90
= -1 x (HK$2.90 - HK$0.30) / HK$0.30
-881.1%

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

  • The current share price of CA Cultural Technology Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 CA Cultural Technology Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CA Cultural Technology Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1566 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in HKD HK$0.03
SEHK:1566 Share Price ** SEHK (2020-04-03) in HKD HK$2.9
Hong Kong Hospitality Industry PE Ratio Median Figure of 62 Publicly-Listed Hospitality Companies 13.09x
Hong Kong Market PE Ratio Median Figure of 1,475 Publicly-Listed Companies 9.06x

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

** Primary Listing of CA Cultural Technology Group.

SEHK:1566 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1566 Share Price ÷ EPS (both in HKD)

= 2.9 ÷ 0.03

95.86x

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

  • CA Cultural Technology Group is overvalued based on earnings compared to the HK Hospitality industry average.
  • CA Cultural Technology Group is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does CA Cultural Technology Group's expected growth come at a high price?
Raw Data
SEHK:1566 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 95.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Hospitality Industry PEG Ratio Median Figure of 21 Publicly-Listed Hospitality Companies 0.65x
Hong Kong Market PEG Ratio Median Figure of 486 Publicly-Listed Companies 0.64x

*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 CA Cultural Technology Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CA Cultural Technology Group's assets?
Raw Data
SEHK:1566 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in HKD HK$0.95
SEHK:1566 Share Price * SEHK (2020-04-03) in HKD HK$2.9
Hong Kong Hospitality Industry PB Ratio Median Figure of 107 Publicly-Listed Hospitality Companies 0.72x
Hong Kong Market PB Ratio Median Figure of 2,250 Publicly-Listed Companies 0.71x
SEHK:1566 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1566 Share Price ÷ Book Value per Share (both in HKD)

= 2.9 ÷ 0.95

3.07x

* Primary Listing of CA Cultural Technology Group.

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

  • CA Cultural Technology Group is overvalued based on assets compared to the HK Hospitality industry average.
X
Value checks
We assess CA Cultural Technology Group'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. CA Cultural Technology Group 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.

Future Performance

 How is CA Cultural Technology Group 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 CA Cultural Technology Group 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
15.8%
Expected Hospitality industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CA Cultural Technology Group expected to grow at an attractive rate?
  • Unable to compare CA Cultural Technology Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare CA Cultural Technology Group's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare CA Cultural Technology Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1566 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Hong Kong Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 12%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.9%

*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
SEHK:1566 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:1566 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-09-30 443 115 28
2019-06-30 538 183 43
2019-03-31 633 252 58
2018-12-31 692 341 53
2018-09-30 752 430 47
2018-06-30 777 339 34
2018-03-31 801 247 21
2017-12-31 867 27 50
2017-09-30 933 -193 80
2017-06-30 852 -165 87
2017-03-31 771 -137 95
2016-12-31 685 -88 108

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if CA Cultural Technology Group is high growth as no earnings estimate data is available.
  • Unable to determine if CA Cultural Technology Group 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:1566 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CA Cultural Technology Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1566 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-09-30 0.03
2019-06-30 0.05
2019-03-31 0.06
2018-12-31 0.06
2018-09-30 0.05
2018-06-30 0.04
2018-03-31 0.02
2017-12-31 0.05
2017-09-30 0.09
2017-06-30 0.10
2017-03-31 0.11
2016-12-31 0.12

*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 CA Cultural Technology Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 1566’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. CA Cultural Technology Group'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 Consumer Services companies here
  3. CA Cultural Technology Group'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 CA Cultural Technology Group'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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
CA Cultural Technology Group 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 CA Cultural Technology Group 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 CA Cultural Technology Group's growth in the last year to its industry (Hospitality).
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.
  • CA Cultural Technology Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • CA Cultural Technology Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • CA Cultural Technology Group's 1-year earnings growth is negative, it can't be compared to the HK Hospitality industry average.
Earnings and Revenue History
CA Cultural Technology Group'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 CA Cultural Technology Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1566 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 443.49 27.83 122.79 16.28
2019-06-30 538.19 43.10 121.08 17.14
2019-03-31 632.88 58.37 119.37 17.99
2018-12-31 692.37 52.91 128.42 18.50
2018-09-30 751.86 47.45 137.47 19.01
2018-06-30 776.66 34.12 133.09 18.42
2018-03-31 801.46 20.79 128.72 17.84
2017-12-31 867.37 50.27 124.42 15.63
2017-09-30 933.27 79.74 120.12 13.42
2017-06-30 851.96 87.29 109.67 9.76
2017-03-31 770.65 94.84 99.23 6.11
2016-12-31 684.70 108.46 88.46 3.33
2016-09-30 598.75 122.07 77.68 0.55
2016-06-30 571.82 116.22 72.43 0.28
2016-03-31 544.88 110.37 67.17
2015-12-31 538.73 91.09 57.40
2015-09-30 532.59 71.80 47.63
2015-06-30 510.44 73.72 41.09
2015-03-31 488.28 75.63 34.55
2014-03-31 338.74 130.60 18.12

*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.
  • CA Cultural Technology Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CA Cultural Technology Group used its assets more efficiently than the HK Hospitality industry average last year based on Return on Assets.
  • It is difficult to establish if CA Cultural Technology Group 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 CA Cultural Technology Group'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 Hospitality 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.
CA Cultural Technology Group 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.

Health

 How is CA Cultural Technology Group'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 CA Cultural Technology Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CA Cultural Technology Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CA Cultural Technology Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CA Cultural Technology Group'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 0.9x 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 CA Cultural Technology Group Company Filings, last reported 6 months ago.

SEHK:1566 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 873.80 610.45 73.27
2019-06-30 873.80 610.45 73.27
2019-03-31 888.64 524.29 54.29
2018-12-31 888.64 524.29 54.29
2018-09-30 901.11 565.67 80.60
2018-06-30 901.11 565.67 80.60
2018-03-31 911.65 471.31 413.14
2017-12-31 911.65 471.31 413.14
2017-09-30 902.19 440.30 201.67
2017-06-30 902.19 440.30 201.67
2017-03-31 996.74 111.14 139.31
2016-12-31 996.74 111.14 139.31
2016-09-30 773.79 131.78 175.91
2016-06-30 773.79 131.78 175.91
2016-03-31 690.49 133.58 149.18
2015-12-31 690.49 133.58 149.18
2015-09-30 585.54 0.00 67.18
2015-06-30 585.54 0.00 67.18
2015-03-31 555.21 0.00 339.02
2014-03-31 84.75 0.00 86.02
  • CA Cultural Technology Group's level of debt (69.9%) compared to net worth is high (greater than 40%).
  • Unable to establish if CA Cultural Technology Group's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (18.8%, less than 20% of total debt).
  • Unable to confirm if the interest payments on CA Cultural Technology Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess CA Cultural Technology Group'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. CA Cultural Technology Group 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.

Dividends

 What is CA Cultural Technology Group'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
0.79%
Current annual income from CA Cultural Technology Group dividends.
If you bought HK$2,000 of CA Cultural Technology Group shares you are expected to receive HK$16 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?
  • CA Cultural Technology Group's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.65%).
  • CA Cultural Technology Group's dividend is below the markets top 25% of dividend payers in Hong Kong (7.26%).
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:1566 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 Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 943 Stocks 4.3%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.3%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.7%
Hong Kong Top 25% Dividend Yield 75th Percentile 7.3%

Industry and Market average data is calculated daily.

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

SEHK:1566 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-07-29 0.023 1.102
2018-06-27 0.023 0.939
2017-07-28 0.020 0.687
2017-06-30 0.020 0.631
2016-07-28 0.010 0.290
2016-07-04 0.010 0.251

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

  • CA Cultural Technology Group is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are stable.
  • CA Cultural Technology Group is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of CA Cultural Technology Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of CA Cultural Technology Group's dividends as it is not paying a notable one for Hong Kong.
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 CA Cultural Technology Group'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 CA Cultural Technology Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CA Cultural Technology Group 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 CA Cultural Technology Group'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
Jason Zhuang
COMPENSATION HK$2,072,000
AGE 49
TENURE AS CEO 5.4 years
CEO Bio

Mr. Xiangsong Zhuang, is also known as Jason, is the Founder of China Animation Characters Company Limited and has been its Chairman and Chief Executive Officer since November 20, 2014. Mr. Zhuang is primarily responsible for conducting the business of China Animation Group and formulation of business and strategic development of China Animation Group. He has experience in the toy industry. Mr. Zhuang, together with a business partner, started the toy sales business in July 1996 through the acquisition of all issued share capital of Sino Action as a shelf company. He has been an Executive Director of China Animation Characters Company Limited since November 20, 2014. In May 2009, Mr. Zhuang completed a part-time course of Advanced Training Programme for Executives on Private Equity Investment Fund and Financing by way of Listing on Growth Enterprise Market organised by Tsinghua University. In March 2012, he completed a part-time course of Telaote Strategic Positioning organised by Peking University.

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

Jason Zhuang

TITLE
Founder
COMPENSATION
HK$2M
AGE
49
TENURE
5.4 yrs

Jeffrey Ting

TITLE
COO & Executive Director
COMPENSATION
HK$2M
AGE
54

Moxiang Liu

TITLE
Executive Director
COMPENSATION
HK$583K
AGE
43

Wilson Wong

TITLE
Chief Financial Officer
AGE
51

Jianhua Lai

TITLE
Public Affairs Manager
AGE
36

Patrick Luk

TITLE
Finance Manager & Company Secretary
AGE
43
Board of Directors Tenure

Average tenure and age of the CA Cultural Technology Group board of directors in years:

5.4
Average Tenure
54
Average Age
  • The tenure for the CA Cultural Technology Group board of directors is about average.
Board of Directors

Jason Zhuang

TITLE
Founder
COMPENSATION
HK$2M
AGE
49
TENURE
5.4 yrs

Shinichiro Ikeda

TITLE
Honorable Chairman
AGE
60
TENURE
5.2 yrs

Jeffrey Ting

TITLE
COO & Executive Director
COMPENSATION
HK$2M
AGE
54
TENURE
5.4 yrs

Moxiang Liu

TITLE
Executive Director
COMPENSATION
HK$583K
AGE
43
TENURE
5.4 yrs

WK Tsang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$250K
AGE
67
TENURE
5.4 yrs

Muk Ming Hung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$250K
AGE
54
TENURE
5.4 yrs

Zhenliang Ni

TITLE
Independent Non-Executive Director
COMPENSATION
HK$250K
AGE
72
TENURE
5.4 yrs
Who owns this company?
Recent Insider Trading
  • CA Cultural Technology Group individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
31. Mar 20 Sell Xiangsong Zhuang Individual 24. Mar 20 24. Mar 20 -89,348,000 HK$2.10 HK$-187,630,840
31. Mar 20 Buy Ht Riverwood Multi-Growth Fund Company 25. Mar 20 25. Mar 20 127,597,000 HK$2.10 HK$267,953,734
31. Mar 20 Sell Xiangsong Zhuang Individual 25. Mar 20 25. Mar 20 -108,567,000 HK$2.10 HK$-227,990,729
31. Mar 20 Buy UBS Asset Management Company 25. Mar 20 25. Mar 20 164,041,000 HK$2.10 HK$344,486,143
31. Mar 20 Buy Atlantis Investment Management Limited Company 25. Mar 20 25. Mar 20 36,444,000 HK$2.10 HK$76,532,410
26. Mar 20 Buy Ht Riverwood Multi-Growth Fund Company 24. Mar 20 24. Mar 20 5,647,000 HK$2.10 HK$11,858,133
26. Mar 20 Buy Atlantis Investment Management Limited Company 24. Mar 20 24. Mar 20 7,203,000 HK$2.10 HK$15,125,577
05. Feb 20 Buy Xiangsong Zhuang Individual 29. Jan 20 29. Jan 20 767,000 HK$2.20 HK$1,686,094
05. Feb 20 Buy Xiangsong Zhuang Individual 24. Jan 20 24. Jan 20 987,000 HK$2.17 HK$2,140,801
11. Dec 19 Buy Xiangsong Zhuang Individual 06. Dec 19 06. Dec 19 1,405,000 HK$2.15 HK$3,020,746
06. Dec 19 Buy Xiangsong Zhuang Individual 03. Dec 19 03. Dec 19 85,000 HK$2.14 HK$181,636
19. Nov 19 Buy Xiangsong Zhuang Individual 12. Nov 19 12. Nov 19 12,000 HK$1.87 HK$22,460
08. Nov 19 Buy Xiangsong Zhuang Individual 31. Oct 19 31. Oct 19 55,000 HK$1.91 HK$104,967
05. Nov 19 Buy Xiangsong Zhuang Individual 28. Oct 19 28. Oct 19 1,134,000 HK$1.97 HK$2,232,507
05. Nov 19 Buy Xiangsong Zhuang Individual 30. Oct 19 30. Oct 19 348,000 HK$1.90 HK$660,922
31. Oct 19 Buy Xiangsong Zhuang Individual 25. Oct 19 25. Oct 19 1,034,000 HK$1.92 HK$1,981,040
29. Oct 19 Buy Xiangsong Zhuang Individual 23. Oct 19 23. Oct 19 900,000 HK$1.98 HK$1,780,197
30. Oct 19 Buy Xiangsong Zhuang Individual 24. Oct 19 24. Oct 19 920,000 HK$1.92 HK$1,769,162
14. Aug 19 Sell Den Fung Or Individual 12. Aug 19 12. Aug 19 -150,000 HK$2.19 HK$-327,990
23. Aug 19 Buy Xiangsong Zhuang Individual 20. Aug 19 20. Aug 19 482,000 HK$2.06 HK$995,281
22. Aug 19 Buy Xiangsong Zhuang Individual 15. Aug 19 15. Aug 19 256,000 HK$2.13 HK$545,281
22. Aug 19 Buy Xiangsong Zhuang Individual 14. Aug 19 14. Aug 19 342,000 HK$2.19 HK$747,407
22. Aug 19 Buy Xiangsong Zhuang Individual 19. Aug 19 19. Aug 19 65,000 HK$2.04 HK$132,340
22. Aug 19 Buy Xiangsong Zhuang Individual 16. Aug 19 16. Aug 19 250,000 HK$2.14 HK$535,001
19. Aug 19 Buy Xiangsong Zhuang Individual 13. Aug 19 13. Aug 19 220,000 HK$2.22 HK$488,399
14. Aug 19 Buy Xiangsong Zhuang Individual 12. Aug 19 12. Aug 19 698,000 HK$2.19 HK$1,527,295
14. Aug 19 Buy Xiangsong Zhuang Individual 09. Aug 19 09. Aug 19 405,000 HK$2.17 HK$877,473
14. Aug 19 Buy Xiangsong Zhuang Individual 08. Aug 19 08. Aug 19 1,228,000 HK$2.13 HK$2,613,918
16. May 19 Buy Xiangsong Zhuang Individual 15. May 19 15. May 19 190,000 HK$2.03 HK$385,510
04. Jul 19 Buy UBS Asset Management Company 28. Jun 19 28. Jun 19 21,000,000 HK$1.94 HK$40,739,992
03. Jul 19 Sell Asia Link Capital Investment Holdings Limited Company 27. Jun 19 27. Jun 19 -24,800,000 HK$1.90 HK$-47,119,909
31. May 19 Buy Asia Link Capital Investment Holdings Limited Company 29. May 19 29. May 19 4,596,000 HK$2.10 HK$9,639,207
20. May 19 Buy Xiangsong Zhuang Individual 10. May 19 10. May 19 117,000 HK$2.13 HK$249,678
16. May 19 Sell Xiangsong Zhuang Individual 09. May 19 09. May 19 -370,000 HK$2.15 HK$-795,501
16. May 19 Buy Xiangsong Zhuang Individual 09. May 19 09. May 19 730,000 HK$2.15 HK$1,569,502
X
Management checks
We assess CA Cultural Technology Group'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. CA Cultural Technology Group 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

Do Directors Own China Animation Characters Company Limited (HKG:1566) Shares?

A look at the shareholders of China Animation Characters Company Limited (HKG:1566) can tell us which group is most powerful. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' China Animation Characters is a smaller company with a market capitalization of HK$1.8b, so it may still be flying under the radar of many institutional investors. … View our latest analysis for China Animation Characters SEHK:1566 Ownership Summary, August 29th 2019 What Does The Institutional Ownership Tell Us About China Animation Characters?

Simply Wall St -

Xiangsong Zhuang Just Bought Shares In China Animation Characters Company Limited (HKG:1566)

View our latest analysis for China Animation Characters China Animation Characters Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider sale was by the insider, Den Fung Or, for HK$6.2m worth of shares, at about HK$2.74 per share. … SEHK:1566 Recent Insider Trading, August 15th 2019 Insider Ownership of China Animation Characters Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. … China Animation Characters insiders own about HK$1.1b worth of shares (which is 55% of the company).

Simply Wall St -

Did China Animation Characters Company Limited (HKG:1566) Use Debt To Deliver Its ROE Of 6.7%?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for China Animation Characters: 6.7% = HK$58m ÷ HK$889m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … China Animation Characters's Debt And Its 6.7% ROE While China Animation Characters does have some debt, with debt to equity of just 0.61, we wouldn't say debt is excessive. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Read This Before Selling China Animation Characters Company Limited (HKG:1566) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in China Animation Characters Company Limited (HKG:1566). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for China Animation Characters China Animation Characters Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by Founder & Chairman Xiangsong Zhuang for HK$10m worth of shares, at about HK$2.72 per share. … SEHK:1566 Recent Insider Trading, July 18th 2019 Insiders at China Animation Characters Have Bought Stock Recently Over the last three months, we've seen significantly more insider buying, than insider selling, at China Animation Characters.

Simply Wall St -

What Does China Animation Characters Company Limited's (HKG:1566) Balance Sheet Tell Us About It?

With this growth in debt, the current cash and short-term investment levels stands at HK$81m , ready to be used for running the business. … Additionally, 1566 has generated cash from operations of HK$430m over the same time period, resulting in an operating cash to total debt ratio of 76%, signalling that 1566’s current level of operating cash is high enough to cover debt. … Next Steps: 1566’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Volatility 101: Should China Animation Characters (HKG:1566) Shares Have Dropped 16%?

Unfortunately, that's been the case for longer term China Animation Characters Company Limited (HKG:1566) shareholders, since the share price is down 16% in the last three years, falling well short of the market return of around 43%. … Shareholders have had an even rougher run lately, with the share price down 11% in the last 90 days. … During the three years that the share price fell, China Animation Characters's earnings per share (EPS) dropped by 18% each year.

Simply Wall St -

What Does China Animation Characters Company Limited's (HKG:1566) P/E Ratio Tell You?

To keep it practical, we'll show how China Animation Characters Company Limited's (HKG:1566) P/E ratio could help you assess the value on offer. … China Animation Characters has a P/E ratio of 44.21, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Take Comfort From Insider Transactions At China Animation Characters Company Limited (HKG:1566)?

We often see insiders buying up shares in companies that perform well over the long term. … So shareholders might well want to know whether insiders have been buying or selling shares in China Animation Characters Company Limited (HKG:1566). … The Last 12 Months Of Insider Transactions At China Animation Characters.

Simply Wall St -

With A 4.8% Return On Equity, Is China Animation Characters Company Limited (HKG:1566) A Quality Stock?

To keep the lesson grounded in practicality, we'll use ROE to better understand China Animation Characters Company Limited (HKG:1566). … Over the last twelve months China Animation Characters has recorded a ROE of 4.8%. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.048 in profit.

Simply Wall St -

What Kind Of Shareholder Appears On The China Animation Characters Company Limited's (HKG:1566) Shareholder Register?

The big shareholder groups in China Animation Characters Company Limited (HKG:1566) have power over the company. … China Animation Characters is not a large company by global standards. … Check out our latest analysis for China Animation Characters

Simply Wall St -

Company Info

Description

CA Cultural Technology Group Limited, an investment holding company, engages in the sales of animation derivative products, establishment and operation of indoor theme parks, and multimedia animation entertainment businesses in the People’s Republic of China, Japan, and Hong Kong. It trades in animation derivative products, including general plastic toys and food-grade toys; and provides value-added services, such as quality control and advice on product design. The company also offers animation games comprising HanBaGui, Violet, virtual reality (VR) games, and mobile games, as well as an online game; and owns movies and animated dramas, such as The King of Tibetan Antelope, Project Egg, Animal Conference on the Environment, and Amazing UU. In addition, it establishes and operates three indoor interactive entertainment parks and an indoor children playground; and designs animation derivative products. The company was formerly known as China Animation Characters Company Limited and changed its name to CA Cultural Technology Group Limited in January 2020. The company was incorporated in 2013 and is based in Wan Chai, Hong Kong. CA Cultural Technology Group Limited is a subsidiary of Bright Rise Enterprises Limited.

Details
Name: CA Cultural Technology Group Limited
1566
Exchange: SEHK
Founded: 2013
HK$2,668,179,800
920,062,000
Website: http://www.animatechina.com
Address: CA Cultural Technology Group Limited
China Resources Building,
Room 2905, 29th Floor,
Wan Chai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1566 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 12. Mar 2015
DB EIH Ordinary Shares Deutsche Boerse AG DE EUR 12. Mar 2015
Number of employees
Current staff
Staff numbers
370
CA Cultural Technology Group employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 13:01
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2019/12/30
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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.