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Kingdee International Software Group

OTCPK:KGDE.F
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KGDE.F
OTCPK
HK$27B
Market Cap
  1. Home
  2. US
  3. Software
Company description

Kingdee International Software Group Company Limited, an investment holding company, engages in enterprise resource planning business. The last earnings update was 106 days ago. More info.


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KGDE.F Share Price and Events
7 Day Returns
0%
OTCPK:KGDE.F
0.7%
US Software
1.3%
US Market
1 Year Returns
-
OTCPK:KGDE.F
29.5%
US Software
19.4%
US Market
KGDE.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kingdee International Software Group (KGDE.F) 0% 0% - - - -
US Software 0.7% 1% 5% 29.5% 118.1% 152.4%
US Market 1.3% 2.6% 5% 19.4% 37.3% 48%
1 Year Return vs Industry and Market
  • No trading data on KGDE.F.
  • No trading data on KGDE.F.
Price Volatility
KGDE.F
Industry
5yr Volatility vs Market

KGDE.F Value

 Is Kingdee International Software 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 Kingdee International Software 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 Kingdee International Software Group.

OTCPK:KGDE.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 20 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 OTCPK:KGDE.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 6.3%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.137 (1 + (1- 25%) (1.26%))
1.099
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.099 * 6.33%)
8.7%

Discounted Cash Flow Calculation for OTCPK:KGDE.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kingdee International Software 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.

OTCPK:KGDE.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.7%)
2020 406.94 Analyst x7 374.38
2021 540.09 Analyst x5 457.12
2022 868.00 Analyst x1 675.88
2023 1,238.00 Analyst x1 886.85
2024 1,524.77 Est @ 23.16% 1,004.89
2025 1,779.97 Est @ 16.74% 1,079.21
2026 1,997.80 Est @ 12.24% 1,114.37
2027 2,179.37 Est @ 9.09% 1,118.38
2028 2,329.40 Est @ 6.88% 1,099.73
2029 2,453.81 Est @ 5.34% 1,065.77
Present value of next 10 years cash flows CN¥8,876.00
OTCPK:KGDE.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,453.81 × (1 + 1.74%) ÷ (8.7% – 1.74%)
CN¥35,884.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥35,884.55 ÷ (1 + 8.7%)10
CN¥15,585.85
OTCPK:KGDE.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥8,876.00 + CN¥15,585.85
CN¥24,461.85
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥24,461.85 / 3,320.37
CN¥7.37
OTCPK:KGDE.F Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:268)
1.117
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥7.37 x 1.117
HK$8.23
Non-primary Listing Adjustment Factor 1 share in OTCPK:KGDE.F represents 0.13219x of SEHK:268
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.13219x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 8.23 x 0.13219
$1.09
Value per share (USD) From above. $1.09
Current discount Discount to share price of $1.08
= -1 x ($1.08 - $1.09) / $1.09
0.7%

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

Current Discount
Amount off the current price Kingdee International Software Group is available for.
Intrinsic value
1%
Share price is $1.08 vs Future cash flow value of $1.09
Current Discount Checks
For Kingdee International Software Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kingdee International Software Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Kingdee International Software Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kingdee International Software Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kingdee International Software Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:KGDE.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CNY CN¥0.11
SEHK:268 Share Price ** SEHK (2019-09-27) in HKD HK$8.17
SEHK:268 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.895 CN¥7.32
United States of America Software Industry PE Ratio Median Figure of 72 Publicly-Listed Software Companies 44.55x
United States of America Market PE Ratio Median Figure of 2,927 Publicly-Listed Companies 18.68x

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

** Primary Listing of Kingdee International Software Group.

OTCPK:KGDE.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:268 Share Price ÷ EPS (both in CNY)

= 7.32 ÷ 0.11

66.6x

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

  • Kingdee International Software Group is overvalued based on earnings compared to the US Software industry average.
  • Kingdee International Software Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Kingdee International Software Group's expected growth come at a high price?
Raw Data
OTCPK:KGDE.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 66.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts
21.3%per year
United States of America Software Industry PEG Ratio Median Figure of 60 Publicly-Listed Software Companies 2.52x
United States of America Market PEG Ratio Median Figure of 2,040 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

OTCPK:KGDE.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 66.6x ÷ 21.3%

3.12x

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

  • Kingdee International Software Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Kingdee International Software Group's assets?
Raw Data
OTCPK:KGDE.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CNY CN¥1.68
SEHK:268 Share Price * SEHK (2019-09-27) in HKD HK$8.17
SEHK:268 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.895 CN¥7.32
United States of America Software Industry PB Ratio Median Figure of 218 Publicly-Listed Software Companies 5.58x
United States of America Market PB Ratio Median Figure of 5,096 Publicly-Listed Companies 1.79x
OTCPK:KGDE.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:268 Share Price ÷ Book Value per Share (both in CNY)

= 7.32 ÷ 1.68

4.34x

* Primary Listing of Kingdee International Software Group.

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

  • Kingdee International Software Group is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Kingdee International Software 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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. Kingdee International Software Group has a total score of 1/6, 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.

KGDE.F Future Performance

 How is Kingdee International Software Group expected to perform in the next 1 to 3 years based on estimates from 20 analysts?

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
21.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kingdee International Software Group expected to grow at an attractive rate?
  • Kingdee International Software Group's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Kingdee International Software Group's earnings growth is expected to exceed the United States of America market average.
  • Kingdee International Software Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:KGDE.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:KGDE.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts 21.3%
OTCPK:KGDE.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts 19.4%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:KGDE.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:KGDE.F Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 4,747 1,118 485 16
2020-12-31 3,942 863 389 20
2019-12-31 3,278 790 313 19
2019-12-14
OTCPK:KGDE.F Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-06-30 3,015 827 352
2019-03-31 2,912 866 382
2018-12-31 2,809 906 412
2018-09-30 2,668 882 393
2018-06-30 2,528 858 373
2018-03-31 2,416 841 342
2017-12-31 2,303 824 310
2017-06-30 2,004 642 186
2017-03-31 1,933 627 200
2016-12-31 1,862 612 214

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kingdee International Software Group's earnings are expected to grow significantly at over 20% yearly.
  • Kingdee International Software Group's revenue is expected to grow by 19.4% yearly, however this is not considered high growth (20% yearly).
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
OTCPK:KGDE.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below

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

OTCPK:KGDE.F Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.15 0.20 0.09 14.00
2020-12-31 0.12 0.16 0.07 17.00
2019-12-31 0.10 0.12 0.08 16.00
2019-12-14
OTCPK:KGDE.F Past Financials Data
Date (Data in CNY Millions) EPS *
2019-06-30 0.11
2019-03-31 0.12
2018-12-31 0.13
2018-09-30 0.13
2018-06-30 0.13
2018-03-31 0.12
2017-12-31 0.11
2017-06-30 0.06
2017-03-31 0.07
2016-12-31 0.07

*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.
  • Kingdee International Software Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kingdee International Software 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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Kingdee International Software Group has a total score of 4/6, 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.

KGDE.F Past Performance

  How has Kingdee International Software 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 Kingdee International Software Group's growth in the last year to its industry (Software).
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.
  • Kingdee International Software Group's year on year earnings growth rate has been positive over the past 5 years.
  • Kingdee International Software Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Kingdee International Software Group's 1-year earnings growth is negative, it can't be compared to the US Software industry average.
Earnings and Revenue History
Kingdee International Software 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 Kingdee International Software Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KGDE.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 3,014.71 351.97 1,959.96 458.19
2019-03-31 2,911.68 382.04 1,892.80 431.67
2018-12-31 2,808.66 412.11 1,825.64 405.16
2018-09-30 2,668.28 392.73 1,760.47 385.47
2018-06-30 2,527.90 373.35 1,695.29 365.78
2018-03-31 2,415.68 341.68 1,625.69 355.55
2017-12-31 2,303.46 310.00 1,556.09 345.32
2017-06-30 2,003.66 186.10 1,325.02 315.82
2017-03-31 1,932.93 200.30 1,302.53 299.71
2016-12-31 1,862.21 214.50 1,280.04 283.60
2016-06-30 1,672.00 260.92 1,108.47 236.58
2016-03-31 1,594.38 239.31 1,038.36 216.47
2015-12-31 1,516.77 217.69 968.24 196.37
2015-09-30 1,570.42 156.48 1,055.90 226.27
2015-06-30 1,554.62 207.19 999.45 217.72
2015-03-31 1,550.57 202.12 993.06 220.58
2014-12-31 1,546.52 197.05 986.68 223.45
2014-09-30 1,576.84 198.15 977.71 221.08
2014-06-30 1,607.16 199.24 968.75 218.71
2014-03-31 1,604.64 162.82 1,000.86 225.80
2013-12-31 1,602.13 126.40 1,032.96 232.89
2013-09-30 1,666.37 102.66 1,089.29 233.62
2013-06-30 1,730.62 78.93 1,145.61 234.34
2013-03-31 1,748.06 -30.66 1,258.10 217.35
2012-12-31 1,765.49 -140.25 1,370.59 200.36

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

KGDE.F Health

 How is Kingdee International Software 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 Kingdee International Software Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kingdee International Software Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kingdee International Software Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kingdee International Software 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 11.5x 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 Kingdee International Software Group Company Filings, last reported 5 months ago.

OTCPK:KGDE.F Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 5,666.33 260.63 1,984.54
2019-03-31 5,666.33 260.63 1,984.54
2018-12-31 5,532.67 301.13 2,023.95
2018-09-30 5,532.67 301.13 2,023.95
2018-06-30 5,354.26 223.96 2,386.62
2018-03-31 5,354.26 223.96 2,386.62
2017-12-31 4,043.08 1,348.53 2,549.31
2017-06-30 3,551.89 1,448.57 2,049.45
2017-03-31 3,551.89 1,448.57 2,049.45
2016-12-31 3,536.17 1,496.27 2,216.45
2016-06-30 3,452.31 1,512.42 2,075.59
2016-03-31 3,452.31 1,512.42 2,075.59
2015-12-31 3,246.72 1,456.52 2,296.45
2015-09-30 3,246.72 1,456.52 2,296.45
2015-06-30 3,177.00 1,889.37 2,590.82
2015-03-31 3,177.00 1,889.37 2,590.82
2014-12-31 1,998.22 1,836.98 1,520.92
2014-09-30 1,998.22 1,836.98 1,520.92
2014-06-30 1,880.91 1,899.43 1,351.40
2014-03-31 1,880.91 1,899.43 1,351.40
2013-12-31 1,754.88 1,575.20 998.95
2013-09-30 1,754.88 1,575.20 998.95
2013-06-30 1,608.30 1,602.54 734.20
2013-03-31 1,608.30 1,602.54 734.20
2012-12-31 1,590.30 1,590.64 912.50
  • Kingdee International Software Group's level of debt (4.6%) 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 (100.9% vs 4.6% today).
  • Debt is well covered by operating cash flow (317.2%, greater than 20% of total debt).
  • Kingdee International Software Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Kingdee International Software 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. Kingdee International Software 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.

KGDE.F Dividends

 What is Kingdee International Software 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
0.14%
Current annual income from Kingdee International Software Group dividends. Estimated to be 0.15% next year.
If you bought $2,000 of Kingdee International Software Group shares you are expected to receive $3 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?
  • Kingdee International Software Group's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
  • Kingdee International Software Group's dividend is below the markets top 25% of dividend payers in United States of America (3.68%).
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
OTCPK:KGDE.F 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 20 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1961 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:KGDE.F Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.01 12.00
2020-12-31 0.01 16.00
2019-12-31 0.01 16.00
2019-12-14
OTCPK:KGDE.F Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.010 0.136
2018-04-03 0.013 0.190
2016-09-05 0.000 0.000
2016-08-17 0.000 0.000
2016-04-06 0.000 0.000
2016-03-16 0.000 0.000
2015-04-02 0.012 0.424
2015-03-17 0.012 0.483
2012-08-29 0.000 0.000
2012-08-21 0.000 0.000
2012-04-05 0.000 0.000
2012-03-27 0.000 0.000
2011-03-15 0.023 0.939
2010-03-24 0.015 0.612
2009-03-25 0.016 1.377
2009-03-02 0.016 2.443

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

  • Kingdee International Software Group is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Kingdee International Software Group is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Kingdee International Software Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Kingdee International Software Group's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Kingdee International Software Group's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Kingdee International Software Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Kingdee International Software Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kingdee International Software 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.

KGDE.F Management

 What is the CEO of Kingdee International Software 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
Robert Xu
COMPENSATION CN¥12,591,000
AGE 56
TENURE AS CEO 11 years
CEO Bio

Mr. Shao Chun Xu, also known as Robert, has been Chief Executive Officer of Kingdee Software (China) Company Limited since February 02, 2012. Mr. Xu founded Kingdee International Software Group Co. Ltd in 1993 and has been its Chief Executive Officer since December 31, 2008 and President since February 2, 2012. Mr. Xu served as the Chief Architect of Kingdee International Software Group Co. Ltd. since January 1, 2007. He served as the Chief Executive Officer of Kingdee International Software Group Co. Ltd. until December 2006. Mr. Xu is a Senior Economist and experienced in strategic management, business operation. He has participated in and led the designs and development of a series of leading enterprise application software. He founded Shenzhen APT Computer Technology Co. Ltd in 1991 and served as General Manager of SZPT, the predecessor of it since 1993. He also established Shenzhen Panavision Technology Development Co Ltd., the predecessor of Kingdee International Software Group Company Ltd. He serves as an Executive Chairman of Kingdee International Software Group Co. Ltd. at Kingdee Medical Software Co., Ltd. He has been a Director of Global Education & Technology Group Limited since October 7, 2010. He is also a member of the 9th central committee of the China National Democratic Construction Association, a member of the council of China Siyuan Poverty Alleviation Foundation, deputy director of the China Software Industry Association and a member of the Accounting Information Technology Committee of the Ministry of Finance. He has been awarded the Government Special Expert Allowance by the State Council of the PRC. For his outstanding achievements, he has been awarded as “United Nations World Indigenous Entrepreneurs“,” China Software Ten Outstanding Youth“,” The 10 Outstanding Entrepreneurs”,” Outstanding Leader for China’s Information Industry “,” Thirty Influential Economy Persons in the Thirty Years of Reform and Opening in Shenzhen “and” Shenzhen Science and Technology Innovation Mayor’s Award “ etc. Mr. Xu received a bachelor's degree in computer science from Southeast University in the PRC in 1983 , a Master of Accounting degree from the Institute of the Ministry of Finance in 1988 and an Executive MBA from the China Europe International Business School in 2004.

CEO Compensation
  • Robert's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Robert's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Kingdee International Software Group management team in years:

3.9
Average Tenure
45.5
Average Age
  • The tenure for the Kingdee International Software Group management team is about average.
Management Team

Robert Xu

TITLE
Founder
COMPENSATION
CN¥13M
AGE
56
TENURE
11 yrs

Bo Lin

TITLE
CFO, Senior VP & Executive Director
COMPENSATION
CN¥7M
AGE
46
TENURE
3.9 yrs

Jason Zhang

TITLE
Senior Vice President of Kingdee Software (China) Co Ltd
AGE
44

Timon Li

TITLE
President of Kingdee Deeking
AGE
50

Yan Sun

TITLE
President of Kingdee Software (China) Co Ltd
AGE
45

Simon Siu

TITLE
Company Secretary
AGE
45
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Kingdee International Software Group board of directors in years:

5.8
Average Tenure
58
Average Age
  • The tenure for the Kingdee International Software Group board of directors is about average.
Board of Directors

Bo Lin

TITLE
CFO, Senior VP & Executive Director
COMPENSATION
CN¥7M
AGE
46
TENURE
3.8 yrs

Gary Clark Biddle

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥225K
AGE
68
TENURE
15.3 yrs

Robert Xu

TITLE
Founder
COMPENSATION
CN¥13M
AGE
56

Chia Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥175K
AGE
60
TENURE
5.8 yrs

Charles Wu

TITLE
Board Observer
AGE
63
TENURE
11.3 yrs

Ming Dong

TITLE
Non-Executive Director
COMPENSATION
CN¥175K
AGE
64
TENURE
7.3 yrs

Samuel Shen

TITLE
Non-Executive Director
COMPENSATION
CN¥150K
AGE
54
TENURE
1.8 yrs

Yang Cao

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥150K
AGE
47
TENURE
1.8 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 ($) Value ($)
12. Dec 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 09. Dec 19 09. Dec 19 -1,455,050 $1.03 $-1,497,437
12. Dec 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 09. Dec 19 09. Dec 19 -19,000 $1.03 $-19,553
12. Dec 19 Sell J.P. Morgan Asset Management, Inc. Company 09. Dec 19 09. Dec 19 -181,000 $1.03 $-186,273
12. Dec 19 Buy J.P. Morgan Asset Management, Inc. Company 09. Dec 19 09. Dec 19 11,000 $1.03 $11,320
10. Dec 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 05. Dec 19 05. Dec 19 1,087,998 $1.02 $1,108,770
10. Dec 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 05. Dec 19 05. Dec 19 -22,000 $1.02 $-22,420
09. Dec 19 Sell J.P. Morgan Asset Management, Inc. Company 04. Dec 19 04. Dec 19 -247,082 $1.01 $-248,901
01. Nov 19 Sell J.P. Morgan Asset Management, Inc. Company 29. Oct 19 29. Oct 19 -12,863,441 $1.10 $-14,128,959
04. Sep 19 Sell Capital Research and Management Company Company 30. Aug 19 30. Aug 19 -6,464,219 $0.91 $-5,897,158
30. Aug 19 Buy BlackRock, Inc. Company 28. Aug 19 28. Aug 19 4,856,000 $0.89 $4,318,421
27. Aug 19 Buy BlackRock, Inc. Company 22. Aug 19 22. Aug 19 2,151,000 $0.98 $2,101,768
20. Aug 19 Sell Capital Research and Management Company Company 16. Aug 19 16. Aug 19 -9,620,000 $0.98 $-9,442,415
08. Jul 19 Buy Bo Lin Individual 08. Jul 19 08. Jul 19 100,000 $0.88 $88,207
20. Jun 19 Sell Shao Xu Individual 19. Jun 19 19. Jun 19 -60,000,000 $1.07 $-64,424,340
04. Jun 19 Sell J.P. Morgan Asset Management, Inc. Company 31. May 19 31. May 19 -216,596 $1.13 $-243,785
03. Jun 19 Sell Bo Lin Individual 31. May 19 31. May 19 -326,000 $1.13 $-369,285
13. May 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 08. May 19 08. May 19 -28,974,000 $1.14 $-33,088,830
08. May 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 03. May 19 03. May 19 135,000 $1.24 $167,047
08. May 19 Buy J.P. Morgan Asset Management, Inc. Company 03. May 19 03. May 19 18,000 $1.24 $22,273
07. May 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 02. May 19 02. May 19 -36,365,000 $1.23 $-44,783,352
03. Apr 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 29. Mar 19 29. Mar 19 -153,397 $1.15 $-176,144
03. Apr 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 29. Mar 19 29. Mar 19 3,182,900 $1.15 $3,654,886
03. Apr 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 29. Mar 19 29. Mar 19 -117,000 $1.15 $-134,350
03. Apr 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 29. Mar 19 29. Mar 19 8,000 $1.15 $9,186
03. Apr 19 Buy J.P. Morgan Asset Management, Inc. Company 29. Mar 19 29. Mar 19 344,000 $1.15 $395,011
03. Apr 19 Buy BlackRock, Inc. Company 29. Mar 19 29. Mar 19 3,892,703 $1.15 $4,478,621
02. Apr 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 28. Mar 19 28. Mar 19 59,859,000 $1.14 $68,084,165
02. Apr 19 Buy J.P. Morgan Asset Management, Inc. Company 28. Mar 19 28. Mar 19 20,490,706 $1.14 $23,306,313
02. Apr 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 28. Mar 19 28. Mar 19 -32,931,217 $1.14 $-37,456,263
02. Apr 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 28. Mar 19 28. Mar 19 15,000,000 $1.14 $17,061,135
01. Apr 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 27. Mar 19 27. Mar 19 6,910,000 $1.13 $7,817,642
30. Mar 19 Buy Capital Research and Management Company Company 28. Mar 19 28. Mar 19 12,248,000 $1.13 $13,850,786
29. Mar 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 26. Mar 19 26. Mar 19 -501,695 $1.13 $-566,791
29. Mar 19 Buy Highbridge Capital Management, LLC Company 26. Mar 19 26. Mar 19 100,000 $1.13 $112,975
28. Mar 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 25. Mar 19 25. Mar 19 -11,813,790 $1.14 $-13,511,656
28. Mar 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 25. Mar 19 25. Mar 19 -882,000 $1.14 $-1,008,760
28. Mar 19 Buy J.P. Morgan Asset Management, Inc. Company 25. Mar 19 25. Mar 19 781,000 $1.14 $893,245
21. Mar 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 18. Mar 19 18. Mar 19 22,073,669 $1.21 $26,807,985
07. Mar 19 Buy J.P. Morgan Asset Management, Inc. Company 04. Mar 19 04. Mar 19 4,704,705 $1.15 $5,388,581
07. Feb 19 Sell BlackRock, Inc. Company 04. Feb 19 04. Feb 19 -187,000 $1.00 $-187,559
07. Feb 19 Buy BlackRock, Inc. Company 05. Feb 19 05. Feb 19 502,000 $1.00 $500,958
02. Feb 19 Buy BlackRock, Inc. Company 30. Jan 19 30. Jan 19 515,000 $0.94 $484,084
26. Jan 19 Sell BlackRock, Inc. Company 23. Jan 19 23. Jan 19 -654,000 $0.94 $-614,160
26. Jan 19 Buy BlackRock, Inc. Company 23. Jan 19 23. Jan 19 130,000 $0.94 $122,081
25. Jan 19 Buy Capital Research and Management Company Company 23. Jan 19 23. Jan 19 2,900,000 $0.93 $2,706,408
17. Jan 19 Buy BlackRock, Inc. Company 14. Jan 19 14. Jan 19 1,213,000 $0.84 $1,024,645
X
Management checks
We assess Kingdee International Software 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. Kingdee International Software 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.

KGDE.F News

Simply Wall St News

KGDE.F Company Info

Description

Kingdee International Software Group Company Limited, an investment holding company, engages in enterprise resource planning business. The company operates through ERP Business, Cloud Services Business, and Investment Properties Operating Business segments. The ERP Business segment is involved in the sale and implementation of enterprise management software; provision of other related services; sale of hardware related services to enterprise management software arrangements; and sale of middleware software. The Cloud Services Business segment provides online services related to cloud service; and e-commerce and other online management services. The Investment Properties Operating Business segment operates investment properties. The company also develops, designs, manufactures, and sells hardware products; provides software-related and online financial services; and develops Internet and online pay technology. It serves enterprises, government agencies, and other organizations worldwide. Kingdee International Software Group Company Limited was founded in 1991 and is headquartered in Shenzhen, the People’s Republic of China.

Details
Name: Kingdee International Software Group Company Limited
KGDE.F
Exchange: OTCPK
Founded: 1991
HK$3,480,391,647
3,320,374,571
Website: http://www.kingdee.com
Address: Kingdee International Software Group Company Limited
Kingdee Software Park,
No.2 Kejinan 12 Road,
Shenzhen,
Guangdong Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 268 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 15. Feb 2001
OTCPK KGDE.F Ordinary Shares Pink Sheets LLC US USD 15. Feb 2001
DB KDIC Ordinary Shares Deutsche Boerse AG DE EUR 15. Feb 2001
SHSC 268 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 15. Feb 2001
SZSC 268 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 15. Feb 2001
OTCPK KGDE.Y UNSPONSORD ADR Pink Sheets LLC US USD 23. Jan 2009
Number of employees
Current staff
Staff numbers
8,181
Kingdee International Software Group employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/14 00:11
End of day share price update: 2019/09/27 00:00
Last estimates confirmation: 2019/12/13
Last earnings filing: 2019/08/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.