New Risk • May 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$779.4m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (15% net profit margin). Market cap is less than US$100m (HK$779.4m market cap, or US$99.5m). Announcement • Apr 15
Edvantage Group Holdings Limited to Report First Half, 2026 Results on Apr 28, 2026 Edvantage Group Holdings Limited announced that they will report first half, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to HK$1.04, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 5x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 50% over the past three years. Upcoming Dividend • Mar 13
Upcoming dividend of HK$0.074 per share Eligible shareholders must have bought the stock before 20 March 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Hong Kong dividend payers (6.9%). Higher than average of industry peers (7.6%). Announcement • Jan 26
Edvantage Group Holdings Limited Approves Final Dividend for the Year Ended 31 August 2025 Edvantage Group Holdings Limited at annual general meeting held on 26 January 2026 approved to declare a final dividend of 7.4 Hong Kong cents per share of the Company for the year ended 31 August 2025 out of the share premium account of the Company. Reported Earnings • Jan 03
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: CN¥0.44 (down from CN¥0.63 in FY 2024). Revenue: CN¥2.49b (up 7.7% from FY 2024). Net income: CN¥513.9m (down 28% from FY 2024). Profit margin: 21% (down from 31% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.9%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Dec 05
Consensus EPS estimates increase by 20%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥2.66b to CN¥2.57b. EPS estimate rose from CN¥0.435 to CN¥0.52. Net income forecast to grow 22% next year vs 27% growth forecast for Consumer Services industry in Hong Kong. Consensus price target up from HK$2.89 to HK$3.31. Share price fell 3.4% to HK$1.43 over the past week. Declared Dividend • Nov 30
Final dividend of HK$0.074 announced Shareholders will receive a dividend of HK$0.074. Ex-date: 20th March 2026 Payment date: 29th May 2026 Dividend yield will be 9.5%, which is higher than the industry average of 5.9%. Sustainability & Growth The dividend has increased by an average of 58% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 1.9% over the next 2 years. However, it would need to fall by 68% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 29
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: CN¥0.44 (down from CN¥0.63 in FY 2024). Revenue: CN¥2.49b (up 7.7% from FY 2024). Net income: CN¥513.9m (down 28% from FY 2024). Profit margin: 21% (down from 31% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.9%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Announcement • Nov 18
Edvantage Group Holdings Limited to Report Q4, 2025 Results on Nov 28, 2025 Edvantage Group Holdings Limited announced that they will report Q4, 2025 results on Nov 28, 2025 Upcoming Dividend • Sep 16
Upcoming dividend of HK$0.066 per share Eligible shareholders must have bought the stock before 23 September 2025. Payment date: 31 October 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 8.0%. Within top quartile of Hong Kong dividend payers (6.5%). Higher than average of industry peers (6.4%). Reported Earnings • Jun 02
First half 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.30 in 1H 2024) First half 2025 results: EPS: CN¥0.21 (down from CN¥0.30 in 1H 2024). Revenue: CN¥1.25b (up 7.5% from 1H 2024). Net income: CN¥243.7m (down 28% from 1H 2024). Profit margin: 20% (down from 29% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Declared Dividend • May 31
First half dividend of HK$0.066 announced Shareholders will receive a dividend of HK$0.066. Ex-date: 23rd September 2025 Payment date: 31st October 2025 Dividend yield will be 11%, which is higher than the industry average of 5.9%. Sustainability & Growth The dividend has increased by an average of 55% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 2.3% over the next 3 years. However, it would need to fall by 87% to increase the payout ratio to a potentially unsustainable range. New Risk • May 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Major Estimate Revision • May 02
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥2.60b to CN¥2.54b. EPS estimate also fell from CN¥0.643 per share to CN¥0.521 per share. Net income forecast to grow 0.4% next year vs 23% growth forecast for Consumer Services industry in Hong Kong. Consensus price target down from HK$4.25 to HK$4.14. Share price fell 6.8% to HK$1.37 over the past week. Reported Earnings • Apr 28
First half 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.30 in 1H 2024) First half 2025 results: EPS: CN¥0.21 (down from CN¥0.30 in 1H 2024). Revenue: CN¥1.25b (up 7.5% from 1H 2024). Net income: CN¥243.7m (down 28% from 1H 2024). Profit margin: 20% (down from 29% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Apr 11
Edvantage Group Holdings Limited to Report First Half, 2025 Results on Apr 25, 2025 Edvantage Group Holdings Limited announced that they will report first half, 2025 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$1.63, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 8x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 25% over the past three years. Upcoming Dividend • Mar 17
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 24 March 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (5.9%). Announcement • Jan 24
Edvantage Group Holdings Limited Approves Final Dividend for the Year Ended 31 August 2024 Edvantage Group Holdings Limited at the Annual General Meeting Held on 24 January 2025 approved to declare a Final Dividend of 10.0 HongKong cents per share of the Company for the year ended 31 August 2024 out of the share premium account. Reported Earnings • Jan 03
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥0.63 (up from CN¥0.56 in FY 2023). Revenue: CN¥2.31b (up 17% from FY 2023). Net income: CN¥714.7m (up 16% from FY 2023). Profit margin: 31% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Declared Dividend • Dec 02
Final dividend of HK$0.10 announced Shareholders will receive a dividend of HK$0.10. Ex-date: 24th March 2025 Payment date: 30th May 2025 Dividend yield will be 9.4%, which is higher than the industry average of 5.9%. Sustainability & Growth The dividend has increased by an average of 85% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 30
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥0.63 (up from CN¥0.56 in FY 2023). Revenue: CN¥2.31b (up 17% from FY 2023). Net income: CN¥714.7m (up 16% from FY 2023). Profit margin: 31% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Nov 19
Edvantage Group Holdings Limited to Report Fiscal Year 2024 Results on Nov 29, 2024 Edvantage Group Holdings Limited announced that they will report fiscal year 2024 results on Nov 29, 2024 New Risk • Nov 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$2.36, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 40% over the past three years. Upcoming Dividend • Sep 16
Upcoming dividend of HK$0.096 per share Eligible shareholders must have bought the stock before 23 September 2024. Payment date: 31 October 2024. Trailing yield: 8.5%. Lower than top quartile of Hong Kong dividend payers (8.7%). Higher than average of industry peers (6.7%). Reported Earnings • Apr 30
First half 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.27 in 1H 2023) First half 2024 results: EPS: CN¥0.30 (up from CN¥0.27 in 1H 2023). Revenue: CN¥1.16b (up 19% from 1H 2023). Net income: CN¥338.2m (up 13% from 1H 2023). Profit margin: 29% (down from 31% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Apr 27
Edvantage Group Holdings Limited Announces Ordinary Interim Dividend for the Six Months Ended February 29, 2024, Payable on October 31, 2024 Edvantage Group Holdings Limited announced ordinary interim dividend for the six months ended February 29, 2024 is HKD 0.096 per share. Ex-dividend date is September 23, 2024. Record date is September 30, 2024. Payment date is October 31, 2024. Announcement • Apr 16
Edvantage Group Holdings Limited to Report Q2, 2024 Results on Apr 26, 2024 Edvantage Group Holdings Limited announced that they will report Q2, 2024 results on Apr 26, 2024 Upcoming Dividend • Mar 15
Upcoming dividend of HK$0.09 per share Eligible shareholders must have bought the stock before 22 March 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 6.7%. Lower than top quartile of Hong Kong dividend payers (8.2%). Higher than average of industry peers (5.2%). Announcement • Jan 19
Edvantage Group Holdings Limited Approves Final Dividend for the Year Ended 31 August 2023 Edvantage Group Holdings Limited at its AGM held on January 19, 2024 approved final dividend of HK9.0 cents per share of the Company for the year ended 31 August 2023 out of the share premium account of the Company. Reported Earnings • Nov 25
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.56 (up from CN¥0.51 in FY 2022). Revenue: CN¥1.97b (up 17% from FY 2022). Net income: CN¥618.4m (up 9.0% from FY 2022). Profit margin: 31% (down from 34% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Announcement • Nov 25
Edvantage Group Holdings Limited Proposes Final Dividend for the Year Ended August 31, 2023, Payable on May 31, 2024 Edvantage Group Holdings Limited proposed final dividend of HKD 0.09 per share for the year ended August 31, 2023. Date of shareholders' approval is January 19, 2024. Ex-dividend date is March 22, 2024. Record date is March 28, 2024. Payment date is May 31, 2024. Announcement • Nov 24
Edvantage Group Holdings Limited, Annual General Meeting, Jan 19, 2024 Edvantage Group Holdings Limited, Annual General Meeting, Jan 19, 2024. Agenda: To consider the payment of a final dividend for the year ended 31 August 2023. Announcement • Nov 17
Edvantage Group Holdings Limited to Report Fiscal Year 2023 Results on Nov 24, 2023 Edvantage Group Holdings Limited announced that they will report fiscal year 2023 results on Nov 24, 2023 Buying Opportunity • Aug 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be HK$3.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings is also forecast to grow by 7.1% per annum over the same time period. Buying Opportunity • Jun 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be HK$3.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings is also forecast to grow by 7.0% per annum over the same time period. Buying Opportunity • May 25
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be HK$3.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings is also forecast to grow by 5.9% per annum over the same time period. Upcoming Dividend • May 03
Upcoming dividend of HK$0.09 per share at 6.4% yield Eligible shareholders must have bought the stock before 10 May 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (4.3%). Reported Earnings • Apr 28
First half 2023 earnings released First half 2023 results: Revenue: CN¥972.8m (up 18% from 1H 2022). Net income: CN¥298.7m (up 19% from 1H 2022). Profit margin: 31% (in line with 1H 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Consumer Services industry in Hong Kong. Upcoming Dividend • Jan 26
Upcoming dividend of HK$0.016 per share at 4.3% yield Eligible shareholders must have bought the stock before 02 February 2023. Payment date: 27 February 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.3%. Lower than top quartile of Hong Kong dividend payers (8.1%). Higher than average of industry peers (3.1%). Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 17% share price gain to HK$4.12, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 4.7% over the past three years. Reported Earnings • Dec 31
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CN¥0.53 (up from CN¥0.39 in FY 2021). Revenue: CN¥1.69b (up 35% from FY 2021). Net income: CN¥567.5m (up 37% from FY 2021). Profit margin: 34% (in line with FY 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Dec 30
Edvantage Group Holdings Limited Proposes to Declare Final Dividend Edvantage Group Holdings Limited proposed declare a final dividend of HKD 9.60 cents per share of the Company for the year ended 31 August 2022 ("Final Dividend"). Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 19% share price gain to HK$2.78, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 31% over the past three years. Announcement • Nov 29
Edvantage Group Holdings Limited Announces Special Final Dividend for the Year Ended 31 August 2022, Payable on 27 February 2023 The Board of Edvantage Group Holdings Limited announced special final dividend of HKD 0.016 per share for the year ended 31 August 2022. Ex-dividend date 02 February 2023, Record date is 07 February 2023 and payment date is 27 February 2023. Reported Earnings • Nov 26
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CN¥0.53 (up from CN¥0.39 in FY 2021). Revenue: CN¥1.69b (up 35% from FY 2021). Net income: CN¥567.5m (up 37% from FY 2021). Profit margin: 34% (in line with FY 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Consumer Services industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Nov 25
Edvantage Group Holdings Limited, Annual General Meeting, Jan 27, 2023 Edvantage Group Holdings Limited, Annual General Meeting, Jan 27, 2023. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 34% share price gain to HK$2.73, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 31% over the past three years. Announcement • Nov 16
Edvantage Group Holdings Limited to Report Fiscal Year 2022 Results on Nov 25, 2022 Edvantage Group Holdings Limited announced that they will report fiscal year 2022 results on Nov 25, 2022 Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director O’Yang Wiley was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 16% share price gain to HK$2.66, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 65% over the past year. Reported Earnings • May 28
First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2022 results: EPS: CN¥0.24 (up from CN¥0.16 in 1H 2021). Revenue: CN¥822.6m (up 48% from 1H 2021). Net income: CN¥251.2m (up 53% from 1H 2021). Profit margin: 31% (in line with 1H 2021). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 17%, compared to a 15% growth forecast for the industry in Hong Kong. Upcoming Dividend • May 05
Upcoming dividend of HK$0.084 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (5.3%). Announcement • Apr 27
Edvantage Group Holdings Limited Announces Interim Dividend for the Six Months Ended 28 February 2022 Edvantage Group Holdings Limited announced dividend of HKD 0.084 per share for the Six Months Ended 28 February 2022 Payment date 30 June 2022 Ex-dividend date 12 May 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director O’Yang Wiley was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$2.45, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 67% over the past year. Upcoming Dividend • Jan 31
Upcoming dividend of HK$0.084 per share Eligible shareholders must have bought the stock before 07 February 2022. Payment date: 21 February 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 5.0%. Lower than top quartile of Hong Kong dividend payers (7.1%). Higher than average of industry peers (4.3%). Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$3.64, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 60% over the past year. Reported Earnings • Dec 27
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.39 (up from CN¥0.29 in FY 2020). Revenue: CN¥1.25b (up 56% from FY 2020). Net income: CN¥413.7m (up 42% from FY 2020). Profit margin: 33% (down from 36% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 30%, compared to a 25% growth forecast for the industry in Hong Kong. Reported Earnings • Nov 17
Full year 2021 earnings released: EPS CN¥0.39 (vs CN¥0.29 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: CN¥1.25b (up 56% from FY 2020). Net income: CN¥413.7m (up 42% from FY 2020). Profit margin: 33% (down from 36% in FY 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 18% share price gain to HK$5.52, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 21% over the past year. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 17% share price gain to HK$5.43, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 2.4% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$9.73 per share. Recent Insider Transactions • Sep 04
CEO & Executive Director recently bought HK$484k worth of stock On the 31st of August, Yi Man Liu bought around 88k shares on-market at roughly HK$5.50 per share. This was the largest purchase by an insider in the last 3 months. Yi Man has been a buyer over the last 12 months, purchasing a net total of HK$1.4m worth in shares. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥5.09, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Consumer Services industry in Hong Kong. Total loss to shareholders of 14% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$9.31 per share. 
