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China Development Bank International Investment

SEHK:1062
Snowflake Description

Good value with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1062
SEHK
HK$392M
Market Cap
  1. Home
  2. HK
  3. Diversified Financials
Company description

China Development Bank International Investment Limited, an investment holding company, invests in equity and other financial instruments in Hong Kong. The last earnings update was 139 days ago. More info.


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1062 Share Price and Events
7 Day Returns
5.5%
SEHK:1062
-4.8%
HK Capital Markets
-3.4%
HK Market
1 Year Returns
-34.8%
SEHK:1062
2.3%
HK Capital Markets
-0.4%
HK Market
1062 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Development Bank International Investment (1062) 5.5% 0% -8.8% -34.8% -51.8% -65.8%
HK Capital Markets -4.8% 2.7% 9.8% 2.3% -18.7% -22.6%
HK Market -3.4% -1.2% 3.7% -0.4% 8.2% -0.4%
1 Year Return vs Industry and Market
  • 1062 underperformed the Capital Markets industry which returned 2.3% over the past year.
  • 1062 underperformed the Market in Hong Kong which returned -0.4% over the past year.
Price Volatility
1062
Industry
5yr Volatility vs Market

Value

 Is China Development Bank International Investment undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of China Development Bank International Investment to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Development Bank International Investment.

SEHK:1062 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= HK$0.51 * 9.4%
HK$0.05
Book Value of Equity per Share Median Book Value from the past 5 years. HK$0.51
Discount Rate (Cost of Equity) See below 10.1%
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:1062
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 1.6%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.786 (1 + (1- 25%) (139.36%))
1.407
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.55% + (1.407 * 6.07%)
10.09%

Discounted Cash Flow Calculation for SEHK:1062 using Excess Returns Model Model

The calculations below outline how an intrinsic value for China Development Bank International Investment is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SEHK:1062 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.4% – 10.09%) * HK$0.51)
HK$0.00
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= HK$0.00 / (10.09% - 1.55%)
HK$-0.04
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= HK$0.51 + HK$-0.04
HK$0.47
SEHK:1062 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.47
Current discount Discount to share price of HK$0.14
= -1 x (HK$0.14 - HK$0.47) / HK$0.47
71.4%

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

Current Discount
Amount off the current price China Development Bank International Investment is available for.
Intrinsic value
>50%
Share price is HK$0.135 vs Future cash flow value of HK$0.47191
Current Discount Checks
For China Development Bank International Investment to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Development Bank International Investment's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Development Bank International Investment's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Development Bank International Investment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Development Bank International Investment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1062 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$0.01
SEHK:1062 Share Price ** SEHK (2020-01-24) in HKD HK$0.14
Hong Kong Capital Markets Industry PE Ratio Median Figure of 39 Publicly-Listed Capital Markets Companies 13.85x
Hong Kong Market PE Ratio Median Figure of 1,494 Publicly-Listed Companies 10.36x

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

** Primary Listing of China Development Bank International Investment.

SEHK:1062 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1062 Share Price ÷ EPS (both in HKD)

= 0.14 ÷ 0.01

11.02x

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

  • China Development Bank International Investment is good value based on earnings compared to the HK Capital Markets industry average.
  • China Development Bank International Investment is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Development Bank International Investment's expected growth come at a high price?
Raw Data
SEHK:1062 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Capital Markets Industry PEG Ratio Median Figure of 8 Publicly-Listed Capital Markets Companies 0.57x
Hong Kong Market PEG Ratio Median Figure of 483 Publicly-Listed Companies 0.78x

*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 China Development Bank International Investment, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Development Bank International Investment's assets?
Raw Data
SEHK:1062 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$0.56
SEHK:1062 Share Price * SEHK (2020-01-24) in HKD HK$0.14
Hong Kong Capital Markets Industry PB Ratio Median Figure of 70 Publicly-Listed Capital Markets Companies 0.55x
Hong Kong Market PB Ratio Median Figure of 2,240 Publicly-Listed Companies 0.84x
SEHK:1062 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1062 Share Price ÷ Book Value per Share (both in HKD)

= 0.14 ÷ 0.56

0.24x

* Primary Listing of China Development Bank International Investment.

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

  • China Development Bank International Investment is good value based on assets compared to the HK Capital Markets industry average.
X
Value checks
We assess China Development Bank International Investment'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. China Development Bank International Investment has a total score of 4/6, see the detailed checks below.

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

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

Future Performance

 How is China Development Bank International Investment 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 China Development Bank International Investment 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
8.3%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Development Bank International Investment expected to grow at an attractive rate?
  • Unable to compare China Development Bank International Investment's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare China Development Bank International Investment's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare China Development Bank International Investment's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1062 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 8.3%
Hong Kong Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 10.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.2%

*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:1062 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:1062 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1062 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 76 -17 36
2019-03-31 125 -16 88
2018-12-31 174 -15 140
2018-09-30 168 -14 140
2018-06-30 162 -13 141
2018-03-31 177 -14 159
2017-12-31 192 -14 177
2017-09-30 216 -15 204
2017-06-30 239 -15 230
2017-03-31 168 -14 160
2016-12-31 97 -13 90
2016-09-30 83 -106 72

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if China Development Bank International Investment is high growth as no earnings estimate data is available.
  • Unable to determine if China Development Bank International Investment 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:1062 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 China Development Bank International Investment Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1062 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1062 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 0.01
2019-03-31 0.03
2018-12-31 0.05
2018-09-30 0.05
2018-06-30 0.05
2018-03-31 0.05
2017-12-31 0.06
2017-09-30 0.07
2017-06-30 0.08
2017-03-31 0.06
2016-12-31 0.03
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 China Development Bank International Investment will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether China Development Bank International Investment is trading at China Development Bank International Investment'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. China Development Bank International Investment'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 Diversified Financials companies here
  3. China Development Bank International Investment'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 China Development Bank International Investment'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.
China Development Bank International Investment 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 China Development Bank International Investment performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China Development Bank International Investment's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Development Bank International Investment's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • China Development Bank International Investment's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • China Development Bank International Investment's 1-year earnings growth is negative, it can't be compared to the HK Capital Markets industry average.
Earnings and Revenue History
China Development Bank International Investment's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Development Bank International Investment Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1062 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 75.68 35.56 18.79
2019-03-31 125.00 87.57 16.98
2018-12-31 174.31 139.58 15.16
2018-09-30 168.13 140.05 13.75
2018-06-30 161.94 140.52 12.33
2018-03-31 176.83 158.74 13.16
2017-12-31 191.73 176.96 13.99
2017-09-30 215.51 203.52 15.56
2017-06-30 239.29 230.09 17.13
2017-03-31 167.95 159.94 16.24
2016-12-31 96.62 89.79 15.35
2016-09-30 83.14 71.89 14.91
2016-06-30 69.66 54.00 14.47
2016-03-31 101.31 83.63 16.85
2015-12-31 132.96 113.26 19.23
2015-09-30 119.06 99.91 19.47
2015-06-30 105.16 86.56 19.70
2015-03-31 85.34 67.56 19.95
2014-12-31 65.52 48.56 20.20
2014-09-30 69.23 52.52 20.21
2014-06-30 72.94 56.49 20.23
2014-03-31 63.06 37.34 29.42
2013-12-31 53.17 18.18 38.61
2013-09-30 38.65 3.85 38.36
2013-06-30 24.13 -10.49 38.11
2013-03-31 18.53 -9.58 30.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • China Development Bank International Investment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Development Bank International Investment used its assets more efficiently than the HK Capital Markets industry average last year based on Return on Assets.
  • China Development Bank International Investment's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Development Bank International Investment'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 Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Development Bank International Investment has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is China Development Bank International Investment's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Development Bank International Investment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Development Bank International Investment's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Development Bank International Investment's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Development Bank International Investment'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Development Bank International Investment Company Filings, last reported 6 months ago.

SEHK:1062 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,629.86 546.00 131.60
2019-03-31 1,629.86 546.00 131.60
2018-12-31 1,623.94 546.00 291.21
2018-09-30 1,623.94 546.00 291.21
2018-06-30 1,597.27 546.00 76.90
2018-03-31 1,597.27 546.00 76.90
2017-12-31 1,487.67 546.00 92.87
2017-09-30 1,487.67 546.00 92.87
2017-06-30 1,455.52 195.00 99.67
2017-03-31 1,455.52 195.00 99.67
2016-12-31 1,306.86 0.00 108.75
2016-09-30 1,306.86 0.00 108.75
2016-06-30 1,226.56 0.00 508.43
2016-03-31 1,226.56 0.00 508.43
2015-12-31 1,221.52 0.00 748.74
2015-09-30 1,221.52 0.00 748.74
2015-06-30 1,178.32 0.00 883.02
2015-03-31 1,178.32 0.00 883.02
2014-12-31 1,112.64 0.00 849.03
2014-09-30 1,112.64 0.00 849.03
2014-06-30 1,091.28 0.00 631.68
2014-03-31 1,091.28 0.00 631.68
2013-12-31 1,064.32 0.00 474.79
2013-09-30 1,064.32 0.00 474.79
2013-06-30 1,033.37 0.00 598.15
2013-03-31 1,033.37 0.00 598.15
  • China Development Bank International Investment's level of debt (33.5%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if China Development Bank International Investment's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess China Development Bank International Investment's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Development Bank International Investment 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 China Development Bank International Investment'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 China Development Bank International Investment dividends.
If you bought HK$2,000 of China Development Bank International Investment 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 China Development Bank International Investment's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Development Bank International Investment'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:1062 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 962 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.2%
Hong Kong Top 25% Dividend Yield 75th Percentile 6.2%

Industry and Market average data is calculated daily.

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

SEHK:1062 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:1062 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2009-09-25 0.000 0.000
2009-09-21 0.000 0.000
2009-04-24 0.000 0.000
2009-04-16 0.000 0.000

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

  • Unable to perform a dividend volatility check as China Development Bank International Investment has not reported any payouts.
  • Unable to verify if China Development Bank International Investment's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Development Bank International Investment's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Development Bank International Investment 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 China Development Bank International Investment's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Development Bank International Investment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Development Bank International Investment 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 China Development Bank International Investment'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.
  • China Development Bank International Investment has no CEO, or we have no data on them.
Management Team

Zhe Bai

TITLE
Executive Chairman
AGE
42

Terence Fung

TITLE
Company Secretary
AGE
40
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the China Development Bank International Investment board of directors in years:

6.6
Average Tenure
60
Average Age
  • The tenure for the China Development Bank International Investment board of directors is about average.
Board of Directors

Zhe Bai

TITLE
Executive Chairman
AGE
42
TENURE
5.1 yrs

Xiangfei Wang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$100K
AGE
68
TENURE
7.8 yrs

Yui Man Sin

TITLE
Independent Non-Executive Director
COMPENSATION
HK$100K
AGE
61
TENURE
5.3 yrs

Anthony Fan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$100K
AGE
59
TENURE
7.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess China Development Bank International Investment's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Development Bank International Investment 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

Such Is Life: How China Development Bank International Investment (HKG:1062) Shareholders Saw Their Shares Drop 67%

Zooming in on an example, the China Development Bank International Investment Limited (HKG:1062) share price dropped 67% in the last half decade. … See our latest analysis for China Development Bank International Investment To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … While the share price declined over five years, China Development Bank International Investment actually managed to increase EPS by an average of 50% per year.

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Does China Development Bank International Investment Limited (HKG:1062) Have A Particularly Volatile Share Price?

Anyone researching China Development Bank International Investment Limited (HKG:1062) might want to consider the historical volatility of the share price. … See our latest analysis for China Development Bank International Investment What we can learn from 1062's beta value Zooming in on China Development Bank International Investment, we see it has a five year beta of 0.91. … What this means for you: One potential advantage of owning low beta stocks like China Development Bank International Investment is that your overall portfolio won't be too sensitive to overall market movements.

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Here's How P/E Ratios Can Help Us Understand China Development Bank International Investment Limited (HKG:1062)

We'll look at China Development Bank International Investment Limited's (HKG:1062) P/E ratio and reflect on what it tells us about the company's share price. … Check out our latest analysis for China Development Bank International Investment How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for China Development Bank International Investment: P/E of 3.91 = HK$0.19 ÷ HK$0.048 (Based on the year to December 2018.) Is A High P/E Ratio Good?

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Do Insiders Own Lots Of Shares In China Development Bank International Investment Limited (HKG:1062)?

The big shareholder groups in China Development Bank International Investment Limited (HKG:1062) have power over the company. … With a market capitalization of HK$540m, China Development Bank International Investment is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for China Development Bank International Investment

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If You Had Bought China Development Bank International Investment (HKG:1062) Stock Five Years Ago, You'd Be Sitting On A 66% Loss, Today

To wit, the China Development Bank International Investment Limited (HKG:1062) share price managed to fall 66% over five long years. … Check out our latest analysis for China Development Bank International Investment. … During five years of share price growth, China Development Bank International Investment moved from a loss to profitability.

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How China Development Bank International Investment Limited (HKG:1062) Can Impact Your Portfolio Volatility

In finance, Beta is a measure of volatility. … Volatility is considered to be a measure of risk in modern finance theory. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

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Do Insiders Own Shares In China Development Bank International Investment Limited (HKG:1062)?

If you want to know who really controls China Development Bank International Investment Limited (HKG:1062), then you'll have to look at the makeup of its share registry. … China Development Bank International Investment is not a large company by global standards. … Check out our latest analysis for China Development Bank International Investment

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Is China Development Bank International Investment Limited's (HKG:1062) P/E Ratio Really That Good?

We'll look at China Development Bank International Investment Limited's (HKG:1062) P/E ratio and reflect on what it tells us about the company's share price. … China Development Bank International Investment has a P/E ratio of 3.82, based on the last twelve months. … Check out our latest analysis for China Development Bank International Investment?

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China Development Bank International Investment Limited (HKG:1062): What Does Its Beta Value Mean For Your Portfolio?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

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Should You Be Tempted To Buy China Development Bank International Investment Limited (HKG:1062) Because Of Its PE Ratio?

China Development Bank International Investment Limited (HKG:1062) is trading with a trailing P/E of 4.5x, which is lower than the industry average of 11.1x. … While 1062 might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … See our latest analysis for China Development Bank International Investment

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Company Info

Description

China Development Bank International Investment Limited, an investment holding company, invests in equity and other financial instruments in Hong Kong. It invests in money market, and equity and debt related securities in listed and unlisted entities. The company was formerly known as New Capital International Investment Limited and changed its name to China Development Bank International Investment Limited in June 2012. The company is headquartered in Central, Hong Kong. China Development Bank International Investment Limited is a subsidiary of China Development Bank International Holdings Limited.

Details
Name: China Development Bank International Investment Limited
1062
Exchange: SEHK
Founded:
HK$391,799,073
2,902,215,360
Website: http://www.cdb-intl.com
Address: China Development Bank International Investment Limited
Two International Finance Centre,
Suites 4506–4509,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1062 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 13. Apr 2005
Number of employees
Current staff
Staff numbers
6
China Development Bank International Investment employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 12:46
End of day share price update: 2020/01/24 00:00
Last estimates confirmation: 2019/03/31
Last earnings filing: 2019/09/11
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.