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China Star Food Group

Catalist:42W
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
42W
Catalist
SGD12M
Market Cap
  1. Home
  2. SG
  3. Food, Beverage & Tobacco
Company description

China Star Food Group Limited, an investment holding company, researches, cultivates, produces, and sells sweet potato snack food products in the People’s Republic of China. The last earnings update was 52 days ago. More info.


Add to Portfolio Compare Print
  • China Star Food Group has significant price volatility in the past 3 months.
42W Share Price and Events
7 Day Returns
-4.8%
Catalist:42W
-3%
SG Food
-4.8%
SG Market
1 Year Returns
-45.9%
Catalist:42W
-22.4%
SG Food
-29%
SG Market
42W Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Star Food Group (42W) -4.8% -16.7% -25.9% -45.9% -86% -
SG Food -3% -22.1% -28.1% -22.4% -31% -32.9%
SG Market -4.8% -20.7% -27.1% -29% -29.7% -33.9%
1 Year Return vs Industry and Market
  • 42W underperformed the Food industry which returned -22.4% over the past year.
  • 42W underperformed the Market in Singapore which returned -29% over the past year.
Price Volatility
42W
Industry
5yr Volatility vs Market

42W Value

 Is China Star Food 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 China Star Food 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 China Star Food Group.

Catalist:42W 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 6.4%
Perpetual Growth Rate 10-Year SG Government Bond Rate 1.8%

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 Catalist:42W
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 5.4%
Food Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.569 (1 + (1- 17%) (48.04%))
0.863
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.75% + (0.863 * 5.44%)
6.44%

Discounted Cash Flow Calculation for Catalist:42W using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Star Food Group 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.

Catalist:42W DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 6.44%)
2020 10.94 Est @ 3.67% 10.27
2021 11.28 Est @ 3.1% 9.95
2022 11.58 Est @ 2.69% 9.60
2023 11.86 Est @ 2.41% 9.24
2024 12.12 Est @ 2.21% 8.87
2025 12.37 Est @ 2.07% 8.51
2026 12.62 Est @ 1.98% 8.15
2027 12.86 Est @ 1.91% 7.80
2028 13.10 Est @ 1.86% 7.47
2029 13.34 Est @ 1.83% 7.14
Present value of next 10 years cash flows CN¥86.00
Catalist:42W DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥13.34 × (1 + 1.75%) ÷ (6.44% – 1.75%)
CN¥289.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥289.09 ÷ (1 + 6.44%)10
CN¥154.83
Catalist:42W Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥86.00 + CN¥154.83
CN¥240.83
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥240.83 / 593.82
CN¥0.41
Catalist:42W Discount to Share Price
Calculation Result
Exchange Rate CNY/SGD
(Reporting currency to currency of Catalist:42W)
0.203
Value per Share
(SGD)
= Value per Share in CNY x Exchange Rate (CNY/SGD)
= CN¥0.41 x 0.203
SGD0.08
Value per share (SGD) From above. SGD0.08
Current discount Discount to share price of SGD0.02
= -1 x (SGD0.02 - SGD0.08) / SGD0.08
75.7%

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

Current Discount
Amount off the current price China Star Food Group is available for.
Intrinsic value
>50%
Share price is SGD0.02 vs Future cash flow value of SGD0.08237
Current Discount Checks
For China Star Food Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Star Food Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Star Food Group'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 Star Food Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Star Food Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
Catalist:42W PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.01
Catalist:42W Share Price ** Catalist (2020-04-02) in SGD SGD0.02
Catalist:42W Share Price converted to CNY reporting currency Exchange rate (SGD/ CNY) 4.924 CN¥0.1
Singapore Food Industry PE Ratio Median Figure of 18 Publicly-Listed Food Companies 10.5x
Singapore Market PE Ratio Median Figure of 389 Publicly-Listed Companies 10.09x

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

** Primary Listing of China Star Food Group.

Catalist:42W PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= Catalist:42W Share Price ÷ EPS (both in CNY)

= 0.1 ÷ 0.01

8.5x

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

  • China Star Food Group is good value based on earnings compared to the SG Food industry average.
  • China Star Food Group is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does China Star Food Group's expected growth come at a high price?
Raw Data
Catalist:42W PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Singapore Food Industry PEG Ratio Median Figure of 7 Publicly-Listed Food Companies 0.78x
Singapore Market PEG Ratio Median Figure of 128 Publicly-Listed Companies 0.95x

*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 Star Food Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Star Food Group's assets?
Raw Data
Catalist:42W PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥0.77
Catalist:42W Share Price * Catalist (2020-04-02) in SGD SGD0.02
Catalist:42W Share Price converted to CNY reporting currency Exchange rate (SGD/ CNY) 4.924 CN¥0.1
Singapore Food Industry PB Ratio Median Figure of 24 Publicly-Listed Food Companies 0.59x
Singapore Market PB Ratio Median Figure of 614 Publicly-Listed Companies 0.58x
Catalist:42W PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= Catalist:42W Share Price ÷ Book Value per Share (both in CNY)

= 0.1 ÷ 0.77

0.13x

* Primary Listing of China Star Food Group.

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

  • China Star Food Group is good value based on assets compared to the SG Food industry average.
X
Value checks
We assess China Star Food 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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. China Star Food Group has a total score of 5/6, see the detailed checks below.

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

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

42W Future Performance

 How is China Star Food 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 China Star Food 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
3.6%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Star Food Group expected to grow at an attractive rate?
  • Unable to compare China Star Food Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare China Star Food Group's earnings growth to the Singapore market average as no estimate data is available.
  • Unable to compare China Star Food Group's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
Catalist:42W Future Growth Rates Data Sources
Data Point Source Value (per year)
Singapore Food Industry Earnings Growth Rate Market Cap Weighted Average 3.6%
Singapore Food Industry Revenue Growth Rate Market Cap Weighted Average 7.7%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 4.7%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4%

*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
Catalist:42W Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
Catalist:42W Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 371 47 6
2019-09-30 380 5 17
2019-06-30 375 -9 23
2019-03-31 357 -16 24
2018-12-31 399 -13 51
2018-09-30 378 25 47
2018-06-30 304 3 32
2018-03-31 221 -16 12
2017-12-31 143 22 -34
2017-09-30 166 -32 -30
2017-06-30 269 8 -8
2017-03-31 393 22 22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if China Star Food Group is high growth as no earnings estimate data is available.
  • Unable to determine if China Star Food 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
Catalist:42W Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

Catalist:42W Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.01
2019-09-30 0.04
2019-06-30 0.07
2019-03-31 0.08
2018-12-31 0.18
2018-09-30 0.17
2018-06-30 0.12
2018-03-31 0.05
2017-12-31 -0.13
2017-09-30 -0.12
2017-06-30 -0.03
2017-03-31 0.08

*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 Star Food Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether China Star Food Group is trading at China Star Food Group'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 Star Food 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 Food, Beverage & Tobacco companies here
  3. 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 Star Food 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 Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore 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 Star Food 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.

42W Past Performance

  How has China Star Food 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 China Star Food Group's growth in the last year to its industry (Food).
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 Star Food Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • China Star Food Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • China Star Food Group's 1-year earnings growth is negative, it can't be compared to the SG Food industry average.
Earnings and Revenue History
China Star Food 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 China Star Food Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

Catalist:42W Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 371.17 5.52 83.02
2019-09-30 380.41 16.73 74.85
2019-06-30 375.15 22.74 67.91
2019-03-31 357.00 23.68 59.03
2018-12-31 399.23 51.17 50.98
2018-09-30 378.19 47.41 51.78
2018-06-30 303.85 31.77 48.89
2018-03-31 221.33 12.48 46.13
2017-12-31 142.70 -34.23 51.26
2017-09-30 166.01 -30.15 70.64
2017-06-30 269.21 -8.45 91.79
2017-03-31 392.72 21.58 108.00
2016-12-31 478.19 73.26 115.99
2016-09-30 494.04 78.05 115.99
2016-06-30 479.91 10.68 104.07
2016-03-31 470.91 16.30 93.52
2015-12-31 484.61 22.15 88.33
2015-09-30 464.70 35.00 63.56
2015-06-30 445.74 103.08 53.76
2015-03-31 418.87 93.43 48.17
2014-03-31 360.90 81.46

*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 Star Food Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Star Food Group used its assets less efficiently than the SG Food industry average last year based on Return on Assets.
  • China Star Food Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Star Food 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 Food 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 Star Food Group 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.

42W Health

 How is China Star Food 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 China Star Food Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Star Food Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Star Food Group has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Star Food 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 covered by short term assets, assets are 10.4x 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 Star Food Group Company Filings, last reported 3 months ago.

Catalist:42W Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 458.45 28.09 150.85
2019-09-30 457.87 28.07 136.43
2019-06-30 452.88 28.04 109.34
2019-03-31 420.23 21.96 62.48
2018-12-31 430.50 22.02 124.20
2018-09-30 418.70 20.30 162.85
2018-06-30 407.44 17.80 144.97
2018-03-31 379.05 22.50 126.58
2017-12-31 361.75 21.14 82.31
2017-09-30 353.65 18.01 68.76
2017-06-30 358.27 14.44 137.45
2017-03-31 366.49 13.44 145.10
2016-12-31 395.94 12.80 123.81
2016-09-30 383.83 13.00 233.27
2016-06-30 366.79 13.00 201.95
2016-03-31 317.08 13.00 184.12
2015-12-31 291.72 0.00 170.71
2015-09-30 274.91 0.00 162.14
2015-06-30 212.43 27.28 121.21
2015-03-31 212.43 27.28 121.21
2014-03-31 133.85 0.00
  • China Star Food Group's level of debt (6.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (10.7% vs 6.1% today).
  • Debt is well covered by operating cash flow (165.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.8x coverage).
X
Financial health checks
We assess China Star Food 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. China Star Food Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

42W Dividends

 What is China Star Food 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%
Current annual income from China Star Food Group dividends.
If you bought SGD2,000 of China Star Food Group shares you are expected to receive SGD0 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 Star Food Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Star Food Group'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
Catalist:42W 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
Singapore Food Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 318 Stocks 5.7%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.8%
Singapore Bottom 25% Dividend Yield 25th Percentile 3.3%
Singapore Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as China Star Food Group has not reported any payouts.
  • Unable to verify if China Star Food Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Star Food Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Star Food Group 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 Star Food Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Star Food Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Star Food 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.

42W Management

 What is the CEO of China Star Food 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
Chengwang Liang
AGE 42
TENURE AS CEO 4.6 years
CEO Bio

Mr. Chengwang Liang has been the Executive Chairman and Chief Executive Officer of China Star Food Group Limited since September 22, 2015. Mr. Liang served as the Chief Executive Officer at Brooke Asia Limited since September 22, 2015. Mr. Liang was responsible for formulating and implementing the responsibility development strategy and yearly business plans of the Group. He also supervises major financing plans and the appointment of key executives. He has been Chief Executive Officer of Fujian Zixin Biological Potato Co., Ltd. since July 2009. He served as General Manager of Xiamen at Beijing Precision Internet Technology Co., Ltd from April 2004 to July 2005. He served as the Executive Chairman at Brooke Asia Limited since September 22, 2015. He has been Chairman of Fujian Zixin Biological Potato Co., Ltd. since July 2009. He serves as Director of China Star Food Holdings Pte. Ltd., Fujian Zixin Biological Potato Co., Ltd., Fujian Zilaohu Food Co., Ltd., Fujian Xingpai Food Co., Ltd and Liancheng Dizhongbao Modern Agriculture Development Co., Ltd. He served as Director of China Star Food Pte. Ltd.

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

Average tenure and age of the China Star Food Group management team in years:

1.7
Average Tenure
42
Average Age
  • The average tenure for the China Star Food Group management team is less than 2 years, this suggests a new team.
Management Team

Chengwang Liang

TITLE
Executive Chairman & CEO
AGE
42
TENURE
4.6 yrs

Ming Yi

TITLE
Chief Financial Officer
AGE
39
TENURE
1.3 yrs

Hua Jing Chen

TITLE
Vice President of Corporate Finance
AGE
50
TENURE
0.8 yrs

Xiaoyi Duanmu

TITLE
Executive Director

Kok Meng Lim

TITLE
Company Secretary
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the China Star Food Group board of directors in years:

0.7
Average Tenure
48
Average Age
  • The average tenure for the China Star Food Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Chengwang Liang

TITLE
Executive Chairman & CEO
AGE
42
TENURE
4.6 yrs

Xiaoyi Duanmu

TITLE
Executive Director
TENURE
0.7 yrs

Jimmy Ng

TITLE
Lead Independent Director
AGE
52
TENURE
1.7 yrs

Mark Xue

TITLE
Independent Director
TENURE
0.7 yrs

Alex Chua

TITLE
Independent Director
AGE
48
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
18. Dec 19 Sell Fangfen Luo Individual 17. Dec 19 17. Dec 19 -2,599,400 SGD0.03 SGD-75,382
23. Jul 19 Sell Fangfen Luo Individual 22. Jul 19 22. Jul 19 -7,000,000 SGD0.03 SGD-233,995
23. Jul 19 Buy Xiaoyi Duanmu Individual 22. Jul 19 22. Jul 19 30,000,000 SGD0.03 SGD999,980
19. Aug 19 Buy Pts Capital Pte. Ltd. Company 16. Aug 19 16. Aug 19 2,519,500 SGD0.03 SGD73,065
23. May 19 Buy Chengwang Liang Individual 23. May 19 23. May 19 80,283,000 SGD0.01 SGD1,204,184
23. Apr 19 Sell Congyan Xue Individual 22. Apr 19 22. Apr 19 -3,500,000 SGD0.03 SGD-122,497
X
Management checks
We assess China Star Food 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. China Star Food 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.

42W News

Simply Wall St News

42W Company Info

Description

China Star Food Group Limited, an investment holding company, researches, cultivates, produces, and sells sweet potato snack food products in the People’s Republic of China. It offers sweet potato pastries, candies, crisps, baked goods, roasted sweet potato nuts, and preserved foods under the Starpie, Ledi, Delijia, Shu Gong Fang, and Purple Tiger brand names. The company sells its products through distributors and wholesalers. Star Food Group Limited is based in Singapore.

Details
Name: China Star Food Group Limited
42W
Exchange: Catalist
Founded:
SGD11,876,362
593,818,100
Website: http://
Address: China Star Food Group Limited
No. 09-04, 20 Collyer Quay,
Singapore,
049319,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
Catalist 42W New Ordinary Shares Singapore Exchange Catalist Market SG SGD 28. Sep 2015
Number of employees
Current staff
Staff numbers
368
China Star Food Group employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 16:07
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2020/02/14
Last earnings reported: 2019/12/31
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.