View ValuationChervon Holdings 将来の成長Future 基準チェック /36Chervon Holdings利益と収益がそれぞれ年間17.5%と11.3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に12.7% 18.4%なると予測されています。主要情報17.5%収益成長率18.43%EPS成長率Consumer Durables 収益成長20.8%収益成長率11.3%将来の株主資本利益率12.70%アナリストカバレッジGood最終更新日16 Jul 2026今後の成長に関する最新情報お知らせ • Oct 17Chervon Holdings Limited Provides Consolidated Earning Guidance for the Nine Months Ended September 30, 2024Chervon Holdings Limited provided consolidated earning guidance for the nine months ended September 30, 2024. For the period company expects to record a net profit for the Reporting Period of approximately USD 100 million as compared to a net profit of approximately of USD 23 million for the nine months ended September 30, 2023, representing a significant improvement of over 300%. Such expected positive increase in the net profit during the Reporting Period is primarily driven by the factors as described below: (i) strong points-of-sales performance of flagship brand EGO; (ii) revenue growth rate further accelerated in the third quarter of 2024, benefiting from the end of the destocking cycle; (iii) an improvement in gross profit margin driven by scale restoration and operational efficiency enhancement; and (iv) continuous optimization of operating expenses in a balanced and efficient manner. Based on the strength of growth for the nine months ended September 2024, the company are confident in achieving overall revenue growth target of over 20% for the full year 2024 with improved profitability this year.お知らせ • Nov 19Chervon Holdings Limited Provides Unaudited Consolidated Guidance for the the First Ten Months Ended October 31, 2023Chervon Holdings Limited provided unaudited consolidated guidance for the the First Ten Months Ended October 31, 2023. For the period, the company expects to record a decrease in its net profit by approximately 80% to USD 21 million, as compared to a net profit of approximately USD 108 million recorded in the corresponding period in 2022. Such expected decrease in the profit during the Period is primarily due to (i) a decline in revenue caused by moreconservative inventory policies adopted by the Group's key customers facing macroeconomic uncertainties; (ii) the Group's continued investments in research and product development, sales and marketing as well as management transformations, and (iii) the relatively low utilization of the Group's manufacturing capacity.すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 25%After last week's 25% share price gain to €2.22, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total loss to shareholders of 30% over the past three years.Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €1.92, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Consumer Durables industry in Europe. Total loss to shareholders of 37% over the past three years.Board Change • May 21Less than half of directors are independentThere 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. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Hao Fan was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Mar 26Chervon Holdings Limited announces Annual dividend, payable on June 08, 2026Chervon Holdings Limited announced Annual dividend of HKD 0.4469 per share payable on June 08, 2026, ex-date on May 20, 2026 and record date on May 21, 2026.お知らせ • Mar 25Chervon Holdings Limited, Annual General Meeting, May 18, 2026Chervon Holdings Limited, Annual General Meeting, May 18, 2026.お知らせ • Mar 13Chervon Holdings Limited to Report Q4, 2025 Results on Mar 25, 2026Chervon Holdings Limited announced that they will report Q4, 2025 results on Mar 25, 2026お知らせ • Nov 28Chervon Holdings Limited Announces Resignation of Tian Ming as Independent Non-Executive Director, Effective from November 28, 2025The board of directors of Chervon Holdings Limited announced that Mr. Tian Ming (Mr. Tian) has tendered his resignation as an independent non-executive Director with effect from November 28, 2025 as he would like to devote more time to his other personal endeavours. Following his resignation, Mr. Tian also ceased to be the chairman of the remuneration committee and a member of the audit committee and the nomination committee of the Company. Mr. Tian has confirmed that he has no disagreement with the Board, and he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the Stock Exchange).お知らせ • Aug 18Chervon Holdings Limited to Report First Half, 2025 Results on Aug 28, 2025Chervon Holdings Limited announced that they will report first half, 2025 results on Aug 28, 2025お知らせ • May 22+ 1 more updateChervon Holdings Limited Approves Special Dividend, Payable on 23 June 2025Chervon Holdings Limited at its Extraordinary General Meeting Held on 22 May 2025 approved the Board recommended the payment of the Special Dividend of HKD 1.1905 per Share to the Shareholders whose names appear on the register of members of the Company on 29 May 2025 subject to the satisfaction of the Special Dividend Conditions. As all of the Special Dividend Conditions have now been satisfied, the Special Dividend will be paid on or before 23 June 2025 to the Shareholders registered at the close of business on the Record Date. The Shares will be traded ex-dividend as from 26 May 2025.お知らせ • Apr 30Chervon Holdings Limited Proposes Special Dividend, Payable on or Before June 23, 2025Chervon Holdings Limited proposed a special dividend of HKD 1.1905 per Share be declared and paid to the Shareholders, to its EGM to be held on May 22, 2025. Record date: May 29, 2025; Payment date: June 23, 2025.お知らせ • Mar 27+ 1 more updateChervon Precision Technology Holdings Co., Ltd. agreed to acquire Chevron (China) Investment Co. Ltd from Chervon Holdings Limited (SEHK:2285).Chervon Precision Technology Holdings Co., Ltd. agreed to acquire Chevron (China) Investment Co. Ltd from Chervon Holdings Limited (SEHK:2285) on March 27, 2025. The transaction is subject to approval of merger agreement by target board, approval of offer by acquirer shareholders and approval of offer by target shareholders.お知らせ • Mar 26+ 1 more updateChervon Holdings Limited, Annual General Meeting, May 22, 2025Chervon Holdings Limited, Annual General Meeting, May 22, 2025.お知らせ • Mar 14Chervon Holdings Limited to Report Fiscal Year 2024 Final Results on Mar 26, 2025Chervon Holdings Limited announced that they will report fiscal year 2024 final results on Mar 26, 2025お知らせ • Oct 28Chervon Holdings Limited Announces Change of Joint Company SecretaryThe board of directors of Chervon Holdings Limited announced that with effect from October 28, 2024, (i) Ms. Mok Ming Wai ("Ms. Mok") has resigned as the joint company secretary of the Company (the "Joint Company Secretary"); and (ii) Ms. Lam Wing Chi ("Ms. Lam") has been appointed as the Joint Company Secretary. Following the aforesaid changes, Mr. Hu Yian ("Mr. Hu") will continue to serve as the other Joint Company Secretary. Mr. Hu currently serves as the Company's chief financial officer, and he is primarily responsible for overseeing overall financial operations, financing and investment activities of the Group. Mr. Hu joined the Group in April 2003 and has since served as the director and financial vice president of Nanjing Chervon Industry Co. Ltd. Mr. Hu currently also serves as a director in a number of subsidiaries of the Group. Mr. Hu has been a director of Nanjing Chervon Auto Precision Technology Co. Ltd., a company listed on the Shanghai Stock Exchange, from March 2012 to November 2022. Prior to joining the Group, he was a financial manager of Nanjing Ericsson Panda Communication Co. Ltd. from November 1995 to March 2003. Mr. Hu received his bachelor's degree in industrial accounting from Northeast Institute of Technology in the People's Republic of China in June 1992 and his master's degree in international management from The Australian National University in Australia in June 2001. Ms. Lam is currently a Senior Manager of Company Secretarial Services of Tricor Services Limited. She has over 10 years of experience in the corporate secretarial field and has been providing professional corporate services to Hong Kong listed companies as well as multinational, private and offshore companies. Ms. Lam is a Chartered Secretary, a Chartered Governance Professional and an associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute.お知らせ • Oct 17Chervon Holdings Limited Provides Consolidated Earning Guidance for the Nine Months Ended September 30, 2024Chervon Holdings Limited provided consolidated earning guidance for the nine months ended September 30, 2024. For the period company expects to record a net profit for the Reporting Period of approximately USD 100 million as compared to a net profit of approximately of USD 23 million for the nine months ended September 30, 2023, representing a significant improvement of over 300%. Such expected positive increase in the net profit during the Reporting Period is primarily driven by the factors as described below: (i) strong points-of-sales performance of flagship brand EGO; (ii) revenue growth rate further accelerated in the third quarter of 2024, benefiting from the end of the destocking cycle; (iii) an improvement in gross profit margin driven by scale restoration and operational efficiency enhancement; and (iv) continuous optimization of operating expenses in a balanced and efficient manner. Based on the strength of growth for the nine months ended September 2024, the company are confident in achieving overall revenue growth target of over 20% for the full year 2024 with improved profitability this year.お知らせ • Oct 16Joe Turoff to Leave as Chief Marketing Officer of Chervon Holdings LtdChervon Holdings Ltd. announced that Joe Turoff, Chief Marketing Officer, will be leaving Chervon for a new opportunity. Turoff has been with Chervon for over 20 years, contributing significantly to Chervon's development and the building of the EGO and FLEX brands in North America.Reported Earnings • Sep 28First half 2024 earnings released: EPS: US$0.12 (vs US$0.097 in 1H 2023)First half 2024 results: EPS: US$0.12 (up from US$0.097 in 1H 2023). Revenue: US$815.7m (up 11% from 1H 2023). Net income: US$61.5m (up 25% from 1H 2023). Profit margin: 7.5% (up from 6.7% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.Reported Earnings • Aug 29First half 2024 earnings released: EPS: US$0.12 (vs US$0.097 in 1H 2023)First half 2024 results: EPS: US$0.12 (up from US$0.097 in 1H 2023). Revenue: US$815.7m (up 11% from 1H 2023). Net income: US$61.5m (up 25% from 1H 2023). Profit margin: 7.5% (up from 6.7% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.お知らせ • Aug 15Chervon Holdings Limited to Report First Half, 2024 Results on Aug 27, 2024Chervon Holdings Limited announced that they will report first half, 2024 results on Aug 27, 2024お知らせ • Jun 05Chervon Holdings Limited Declares Special Dividend for the Year Ended 31 December 2023Chervon Holdings Limited at its annual general meeting held on June 4, 2024, declared a special dividend of HKD 0.2764 per share for the year ended 31 December 2023.Upcoming Dividend • May 30Upcoming dividend of HK$0.28 per shareEligible shareholders must have bought the stock before 06 June 2024. Payment date: 16 July 2024. The company last paid an ordinary dividend in March 2022. The average dividend yield among industry peers is 4.0%.Reported Earnings • Apr 28Full year 2023 earnings released: US$0.073 loss per share (vs US$0.28 profit in FY 2022)Full year 2023 results: US$0.073 loss per share (down from US$0.28 profit in FY 2022). Revenue: US$1.37b (down 31% from FY 2022). Net loss: US$37.1m (down 127% from profit in FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.お知らせ • Mar 28Chervon Holdings Limited, Annual General Meeting, Jun 04, 2024Chervon Holdings Limited, Annual General Meeting, Jun 04, 2024.お知らせ • Mar 27Chervon Holdings Limited Proposes Special Dividend for the Financial Year End 31 December 2023, Payable on July 16, 2024Chervon Holdings Limited proposed special dividend of HKD 0.2764 per share for the financial year end 31 December 2023. Ex-dividend date 06 June 2024, Record date 13 June 2024 and Payment date 16 July 2024.お知らせ • Mar 14Chervon Holdings Limited to Report Fiscal Year 2023 Final Results on Mar 27, 2024Chervon Holdings Limited announced that they will report fiscal year 2023 final results on Mar 27, 2024Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €1.86, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total loss to shareholders of 61% over the past year.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €1.76, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total loss to shareholders of 63% over the past year.Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to €1.53, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Consumer Durables industry in Germany. Total loss to shareholders of 69% over the past year.Valuation Update With 7 Day Price Move • Jan 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €2.12, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Consumer Durables industry in Europe. Total loss to shareholders of 50% over the past year.Valuation Update With 7 Day Price Move • Dec 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €2.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total loss to shareholders of 48% over the past year.Valuation Update With 7 Day Price Move • Dec 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €2.02, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total loss to shareholders of 61% over the past year.お知らせ • Nov 19Chervon Holdings Limited Provides Unaudited Consolidated Guidance for the the First Ten Months Ended October 31, 2023Chervon Holdings Limited provided unaudited consolidated guidance for the the First Ten Months Ended October 31, 2023. For the period, the company expects to record a decrease in its net profit by approximately 80% to USD 21 million, as compared to a net profit of approximately USD 108 million recorded in the corresponding period in 2022. Such expected decrease in the profit during the Period is primarily due to (i) a decline in revenue caused by moreconservative inventory policies adopted by the Group's key customers facing macroeconomic uncertainties; (ii) the Group's continued investments in research and product development, sales and marketing as well as management transformations, and (iii) the relatively low utilization of the Group's manufacturing capacity.Valuation Update With 7 Day Price Move • Oct 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €2.15, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Consumer Durables industry in Europe. Total loss to shareholders of 35% over the past year.New Risk • Oct 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.3% increase in shares outstanding).Reported Earnings • Aug 29First half 2023 earnings released: EPS: US$0.097 (vs US$0.13 in 1H 2022)First half 2023 results: EPS: US$0.097 (down from US$0.13 in 1H 2022). Revenue: US$738.5m (down 26% from 1H 2022). Net income: US$49.1m (down 23% from 1H 2022). Profit margin: 6.7% (up from 6.3% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Consumer Durables industry in Germany.お知らせ • Aug 18Chervon Holdings Limited to Report First Half, 2023 Results on Aug 28, 2023Chervon Holdings Limited announced that they will report first half, 2023 results on Aug 28, 2023New Risk • Aug 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.3% increase in shares outstanding).Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €3.87, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total loss to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.38 per share.Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €3.98, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.39 per share.Buying Opportunity • Jun 08Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be €4.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings is also forecast to grow by 22% per annum over the same time period.お知らせ • Jun 03Chervon Holdings Limited Approves Final Dividend for the Year Ended December 31, 2022Chervon Holdings Limited held its annual general meeting on June 2, 2023 approved a final dividend of HKD 0.56 per share for the year ended 31 December 2022.Upcoming Dividend • May 30Upcoming dividend of HK$0.56 per share at 1.6% yieldEligible shareholders must have bought the stock before 06 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.9%).Board Change • May 08Less than half of directors are independentFollowing 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 Martin Tian was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 03Full year 2022 earnings released: EPS: US$0.28 (vs US$0.36 in FY 2021)Full year 2022 results: EPS: US$0.28 (down from US$0.36 in FY 2021). Revenue: US$1.99b (up 13% from FY 2021). Net income: US$139.4m (down 3.6% from FY 2021). Profit margin: 7.0% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Germany.Reported Earnings • Mar 29Full year 2022 earnings released: EPS: US$0.28 (vs US$0.36 in FY 2021)Full year 2022 results: EPS: US$0.28 (down from US$0.36 in FY 2021). Revenue: US$1.99b (up 13% from FY 2021). Net income: US$139.4m (down 3.6% from FY 2021). Profit margin: 7.0% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany.Valuation Update With 7 Day Price Move • Mar 21Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €4.02, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Consumer Durables industry in Germany. Total loss to shareholders of 36% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.17 per share.Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €5.15, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Consumer Durables industry in Germany. Total loss to shareholders of 21% over the past year.お知らせ • Jan 20Chervon Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 781.3125 million.Chervon Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 781.3125 million. Security Name: Shares Security Type: Common Stock Securities Offered: 20,835,000 Price\Range: HKD 37.5 Transaction Features: Subsequent Direct ListingValuation Update With 7 Day Price Move • Dec 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to €5.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 9x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €5.42 per share.Board Change • Nov 16Less than half of directors are independentFollowing 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 Martin Tian was the last independent director to join the board, commencing their role in 2021. 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 • Nov 05Investor sentiment improved over the past weekAfter last week's 19% share price gain to €4.02, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €4.90 per share.Reported Earnings • Aug 26First half 2022 earnings released: EPS: US$0.13 (vs US$0.21 in 1H 2021)First half 2022 results: EPS: US$0.13 (down from US$0.21 in 1H 2021). Revenue: US$1.00b (up 15% from 1H 2021). Net income: US$63.5m (down 26% from 1H 2021). Profit margin: 6.3% (down from 9.9% in 1H 2021). Over the next year, revenue is forecast to grow 19%, compared to a 2.2% growth forecast for the Consumer Durables industry in Germany.お知らせ • Aug 26Chervon Holdings Limited Announces Executive ChangesChervon Holdings Limited announced that Ms. Chow Yuk Yin Ivy has tendered her resignation as the joint company secretary of the Company with effect from 25 August 2022. Ms. Chow confirmed that there is no disagreement with the Board and there are no other matters relating to her resignation that need to be brought to the attention of the Stock Exchange or the shareholders of the Company. The Board further announces that Ms. Mok Ming Wai has been appointed to replace Ms. Chow as the joint company secretary of the Company with effect from 25 August 2022. Ms. Mok is currently an Executive Director of Corporate Services of Tricor Services Limited. She is a Chartered Secretary, a Chartered Governance Professional and a fellow of both The Hong Kong Chartered Governance Institute (formerly The Hong Kong Institute of Chartered Secretaries) and The Chartered Governance Institute (formerly The Institute of Chartered Secretaries and Administrators). Ms. Mok holds a degree of Master of Science in Applied Accounting and Finance. She has over 25 years of experience in the corporate secretarial fieldand has been providing professional corporate services to Hong Kong listed companies as well as multinational, private and offshore companies.お知らせ • Aug 13Chervon Holdings Limited to Report First Half, 2022 Results on Aug 25, 2022Chervon Holdings Limited announced that they will report first half, 2022 results on Aug 25, 2022Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improved over the past weekAfter last week's 15% share price gain to €5.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 9x in the Consumer Durables industry in Germany.お知らせ • Jun 03Chervon Holdings Limited Approves Final Dividend for the Year Ended 31 December 2021Chervon Holdings Limited at its annual general meeting held on June 2, 2022, approved to declare a final dividend of HKD 0.5577 per share for the year ended 31 December 2021.Reported Earnings • May 02Full year 2021 earnings released: EPS: US$0.36 (vs US$0.11 in FY 2020)Full year 2021 results: EPS: US$0.36 (up from US$0.11 in FY 2020). Revenue: US$1.76b (up 46% from FY 2020). Net income: US$144.5m (up 226% from FY 2020). Profit margin: 8.2% (up from 3.7% in FY 2020). Over the next year, revenue is forecast to grow 19%, compared to a 7.4% growth forecast for the industry in Germany.お知らせ • May 02Chervon Holdings Limited, Annual General Meeting, Jun 02, 2022Chervon Holdings Limited, Annual General Meeting, Jun 02, 2022, at 10:00 China Standard Time. Location: 99 West Tian-yuan Road Nanjing China Agenda: To consider the audited consolidated financial statements and the reports of the directors and auditors for the year ended 31 December 2021;to declare a final dividend;to consider reelection; to authorise the board of directors to fix the remuneration of directors of the Company for the year ending 31December 2022; and to consider other matters.Board Change • Apr 27Less than half of directors are independentFollowing 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 Martin Tian was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 01Full year 2021 earnings released: EPS: US$0.36 (vs US$0.11 in FY 2020)Full year 2021 results: EPS: US$0.36 (up from US$0.11 in FY 2020). Revenue: US$1.76b (up 46% from FY 2020). Net income: US$144.5m (up 226% from FY 2020). Profit margin: 8.2% (up from 3.7% in FY 2020). Over the next year, revenue is forecast to grow 20%, compared to a 7.6% growth forecast for the industry in Germany.お知らせ • Apr 01Chervon Holdings Limited Proposes Ordinary Final Dividend for the Year Ended December 31, 2021, Payable July 15, 2022Chervon Holdings Limited proposed ordinary final dividend for the year ended December 31, 2021 of HKD 0.5577 per share. Ex-dividend date 24 June 2022. Record date 28 July 2022. Payment date July 15, 2022. Date of shareholders' approval is 2 June 2022.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €6.30, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Consumer Durables industry in Germany.Buying Opportunity • Feb 26Now 25% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be US$9.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last year. Earnings per share has grown by 185% over the last year.Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to €7.80, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €10.28 per share.Board Change • Jan 06Less than half of directors are independentFollowing 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 Martin Tian was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.業績と収益の成長予測DB:AZ9 - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20282,2611675264712/31/20272,115151542121012/31/20261,8351278687812/31/20251,62898156229N/A9/30/20251,749122177267N/A6/30/20251,870146197305N/A3/31/20251,822129146236N/A12/31/20241,77411294168N/A9/30/20241,6134431100N/A6/30/20241,452-25-3232N/A3/31/20241,413-31-147-71N/A12/31/20231,375-37-262-174N/A9/30/20231,55044-141-74N/A6/30/20231,726125-2025N/A3/31/20231,858132-3524N/A12/31/20221,989139-4923N/A9/30/20221,940131-942N/A6/30/20221,891122-138-20N/A3/31/20221,824133-3069N/A12/31/20211,75814577158N/A9/30/20211,65712891157N/A6/30/20211,555112105157N/A3/31/20211,37878103145N/A12/31/20201,20144102134N/A12/31/2019844341440N/A12/31/2018691-14N/A8N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: AZ9の予測収益成長率 (年間17.5% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: AZ9の収益 ( 17.5% ) はGerman市場 ( 16.2% ) よりも速いペースで成長すると予測されています。高成長収益: AZ9の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: AZ9の収益 ( 11.3% ) German市場 ( 6.6% ) よりも速いペースで成長すると予測されています。高い収益成長: AZ9の収益 ( 11.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: AZ9の 自己資本利益率 は、3年後には低くなると予測されています ( 12.7 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/16 18:32終値2026/07/16 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Chervon Holdings Limited 10 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。12 アナリスト機関Jing ZouChina International Capital Corporation LimitedHaibo LiuCitic Securities Co., Ltd.Tak Hung LauCitigroup Inc9 その他のアナリストを表示
お知らせ • Oct 17Chervon Holdings Limited Provides Consolidated Earning Guidance for the Nine Months Ended September 30, 2024Chervon Holdings Limited provided consolidated earning guidance for the nine months ended September 30, 2024. For the period company expects to record a net profit for the Reporting Period of approximately USD 100 million as compared to a net profit of approximately of USD 23 million for the nine months ended September 30, 2023, representing a significant improvement of over 300%. Such expected positive increase in the net profit during the Reporting Period is primarily driven by the factors as described below: (i) strong points-of-sales performance of flagship brand EGO; (ii) revenue growth rate further accelerated in the third quarter of 2024, benefiting from the end of the destocking cycle; (iii) an improvement in gross profit margin driven by scale restoration and operational efficiency enhancement; and (iv) continuous optimization of operating expenses in a balanced and efficient manner. Based on the strength of growth for the nine months ended September 2024, the company are confident in achieving overall revenue growth target of over 20% for the full year 2024 with improved profitability this year.
お知らせ • Nov 19Chervon Holdings Limited Provides Unaudited Consolidated Guidance for the the First Ten Months Ended October 31, 2023Chervon Holdings Limited provided unaudited consolidated guidance for the the First Ten Months Ended October 31, 2023. For the period, the company expects to record a decrease in its net profit by approximately 80% to USD 21 million, as compared to a net profit of approximately USD 108 million recorded in the corresponding period in 2022. Such expected decrease in the profit during the Period is primarily due to (i) a decline in revenue caused by moreconservative inventory policies adopted by the Group's key customers facing macroeconomic uncertainties; (ii) the Group's continued investments in research and product development, sales and marketing as well as management transformations, and (iii) the relatively low utilization of the Group's manufacturing capacity.
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 25%After last week's 25% share price gain to €2.22, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total loss to shareholders of 30% over the past three years.
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €1.92, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Consumer Durables industry in Europe. Total loss to shareholders of 37% over the past three years.
Board Change • May 21Less than half of directors are independentThere 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. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Hao Fan was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Mar 26Chervon Holdings Limited announces Annual dividend, payable on June 08, 2026Chervon Holdings Limited announced Annual dividend of HKD 0.4469 per share payable on June 08, 2026, ex-date on May 20, 2026 and record date on May 21, 2026.
お知らせ • Mar 25Chervon Holdings Limited, Annual General Meeting, May 18, 2026Chervon Holdings Limited, Annual General Meeting, May 18, 2026.
お知らせ • Mar 13Chervon Holdings Limited to Report Q4, 2025 Results on Mar 25, 2026Chervon Holdings Limited announced that they will report Q4, 2025 results on Mar 25, 2026
お知らせ • Nov 28Chervon Holdings Limited Announces Resignation of Tian Ming as Independent Non-Executive Director, Effective from November 28, 2025The board of directors of Chervon Holdings Limited announced that Mr. Tian Ming (Mr. Tian) has tendered his resignation as an independent non-executive Director with effect from November 28, 2025 as he would like to devote more time to his other personal endeavours. Following his resignation, Mr. Tian also ceased to be the chairman of the remuneration committee and a member of the audit committee and the nomination committee of the Company. Mr. Tian has confirmed that he has no disagreement with the Board, and he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the Stock Exchange).
お知らせ • Aug 18Chervon Holdings Limited to Report First Half, 2025 Results on Aug 28, 2025Chervon Holdings Limited announced that they will report first half, 2025 results on Aug 28, 2025
お知らせ • May 22+ 1 more updateChervon Holdings Limited Approves Special Dividend, Payable on 23 June 2025Chervon Holdings Limited at its Extraordinary General Meeting Held on 22 May 2025 approved the Board recommended the payment of the Special Dividend of HKD 1.1905 per Share to the Shareholders whose names appear on the register of members of the Company on 29 May 2025 subject to the satisfaction of the Special Dividend Conditions. As all of the Special Dividend Conditions have now been satisfied, the Special Dividend will be paid on or before 23 June 2025 to the Shareholders registered at the close of business on the Record Date. The Shares will be traded ex-dividend as from 26 May 2025.
お知らせ • Apr 30Chervon Holdings Limited Proposes Special Dividend, Payable on or Before June 23, 2025Chervon Holdings Limited proposed a special dividend of HKD 1.1905 per Share be declared and paid to the Shareholders, to its EGM to be held on May 22, 2025. Record date: May 29, 2025; Payment date: June 23, 2025.
お知らせ • Mar 27+ 1 more updateChervon Precision Technology Holdings Co., Ltd. agreed to acquire Chevron (China) Investment Co. Ltd from Chervon Holdings Limited (SEHK:2285).Chervon Precision Technology Holdings Co., Ltd. agreed to acquire Chevron (China) Investment Co. Ltd from Chervon Holdings Limited (SEHK:2285) on March 27, 2025. The transaction is subject to approval of merger agreement by target board, approval of offer by acquirer shareholders and approval of offer by target shareholders.
お知らせ • Mar 26+ 1 more updateChervon Holdings Limited, Annual General Meeting, May 22, 2025Chervon Holdings Limited, Annual General Meeting, May 22, 2025.
お知らせ • Mar 14Chervon Holdings Limited to Report Fiscal Year 2024 Final Results on Mar 26, 2025Chervon Holdings Limited announced that they will report fiscal year 2024 final results on Mar 26, 2025
お知らせ • Oct 28Chervon Holdings Limited Announces Change of Joint Company SecretaryThe board of directors of Chervon Holdings Limited announced that with effect from October 28, 2024, (i) Ms. Mok Ming Wai ("Ms. Mok") has resigned as the joint company secretary of the Company (the "Joint Company Secretary"); and (ii) Ms. Lam Wing Chi ("Ms. Lam") has been appointed as the Joint Company Secretary. Following the aforesaid changes, Mr. Hu Yian ("Mr. Hu") will continue to serve as the other Joint Company Secretary. Mr. Hu currently serves as the Company's chief financial officer, and he is primarily responsible for overseeing overall financial operations, financing and investment activities of the Group. Mr. Hu joined the Group in April 2003 and has since served as the director and financial vice president of Nanjing Chervon Industry Co. Ltd. Mr. Hu currently also serves as a director in a number of subsidiaries of the Group. Mr. Hu has been a director of Nanjing Chervon Auto Precision Technology Co. Ltd., a company listed on the Shanghai Stock Exchange, from March 2012 to November 2022. Prior to joining the Group, he was a financial manager of Nanjing Ericsson Panda Communication Co. Ltd. from November 1995 to March 2003. Mr. Hu received his bachelor's degree in industrial accounting from Northeast Institute of Technology in the People's Republic of China in June 1992 and his master's degree in international management from The Australian National University in Australia in June 2001. Ms. Lam is currently a Senior Manager of Company Secretarial Services of Tricor Services Limited. She has over 10 years of experience in the corporate secretarial field and has been providing professional corporate services to Hong Kong listed companies as well as multinational, private and offshore companies. Ms. Lam is a Chartered Secretary, a Chartered Governance Professional and an associate of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute.
お知らせ • Oct 17Chervon Holdings Limited Provides Consolidated Earning Guidance for the Nine Months Ended September 30, 2024Chervon Holdings Limited provided consolidated earning guidance for the nine months ended September 30, 2024. For the period company expects to record a net profit for the Reporting Period of approximately USD 100 million as compared to a net profit of approximately of USD 23 million for the nine months ended September 30, 2023, representing a significant improvement of over 300%. Such expected positive increase in the net profit during the Reporting Period is primarily driven by the factors as described below: (i) strong points-of-sales performance of flagship brand EGO; (ii) revenue growth rate further accelerated in the third quarter of 2024, benefiting from the end of the destocking cycle; (iii) an improvement in gross profit margin driven by scale restoration and operational efficiency enhancement; and (iv) continuous optimization of operating expenses in a balanced and efficient manner. Based on the strength of growth for the nine months ended September 2024, the company are confident in achieving overall revenue growth target of over 20% for the full year 2024 with improved profitability this year.
お知らせ • Oct 16Joe Turoff to Leave as Chief Marketing Officer of Chervon Holdings LtdChervon Holdings Ltd. announced that Joe Turoff, Chief Marketing Officer, will be leaving Chervon for a new opportunity. Turoff has been with Chervon for over 20 years, contributing significantly to Chervon's development and the building of the EGO and FLEX brands in North America.
Reported Earnings • Sep 28First half 2024 earnings released: EPS: US$0.12 (vs US$0.097 in 1H 2023)First half 2024 results: EPS: US$0.12 (up from US$0.097 in 1H 2023). Revenue: US$815.7m (up 11% from 1H 2023). Net income: US$61.5m (up 25% from 1H 2023). Profit margin: 7.5% (up from 6.7% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.
Reported Earnings • Aug 29First half 2024 earnings released: EPS: US$0.12 (vs US$0.097 in 1H 2023)First half 2024 results: EPS: US$0.12 (up from US$0.097 in 1H 2023). Revenue: US$815.7m (up 11% from 1H 2023). Net income: US$61.5m (up 25% from 1H 2023). Profit margin: 7.5% (up from 6.7% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.
お知らせ • Aug 15Chervon Holdings Limited to Report First Half, 2024 Results on Aug 27, 2024Chervon Holdings Limited announced that they will report first half, 2024 results on Aug 27, 2024
お知らせ • Jun 05Chervon Holdings Limited Declares Special Dividend for the Year Ended 31 December 2023Chervon Holdings Limited at its annual general meeting held on June 4, 2024, declared a special dividend of HKD 0.2764 per share for the year ended 31 December 2023.
Upcoming Dividend • May 30Upcoming dividend of HK$0.28 per shareEligible shareholders must have bought the stock before 06 June 2024. Payment date: 16 July 2024. The company last paid an ordinary dividend in March 2022. The average dividend yield among industry peers is 4.0%.
Reported Earnings • Apr 28Full year 2023 earnings released: US$0.073 loss per share (vs US$0.28 profit in FY 2022)Full year 2023 results: US$0.073 loss per share (down from US$0.28 profit in FY 2022). Revenue: US$1.37b (down 31% from FY 2022). Net loss: US$37.1m (down 127% from profit in FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.
お知らせ • Mar 28Chervon Holdings Limited, Annual General Meeting, Jun 04, 2024Chervon Holdings Limited, Annual General Meeting, Jun 04, 2024.
お知らせ • Mar 27Chervon Holdings Limited Proposes Special Dividend for the Financial Year End 31 December 2023, Payable on July 16, 2024Chervon Holdings Limited proposed special dividend of HKD 0.2764 per share for the financial year end 31 December 2023. Ex-dividend date 06 June 2024, Record date 13 June 2024 and Payment date 16 July 2024.
お知らせ • Mar 14Chervon Holdings Limited to Report Fiscal Year 2023 Final Results on Mar 27, 2024Chervon Holdings Limited announced that they will report fiscal year 2023 final results on Mar 27, 2024
Valuation Update With 7 Day Price Move • Mar 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €1.86, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total loss to shareholders of 61% over the past year.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €1.76, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total loss to shareholders of 63% over the past year.
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to €1.53, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Consumer Durables industry in Germany. Total loss to shareholders of 69% over the past year.
Valuation Update With 7 Day Price Move • Jan 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €2.12, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Consumer Durables industry in Europe. Total loss to shareholders of 50% over the past year.
Valuation Update With 7 Day Price Move • Dec 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €2.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total loss to shareholders of 48% over the past year.
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €2.02, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total loss to shareholders of 61% over the past year.
お知らせ • Nov 19Chervon Holdings Limited Provides Unaudited Consolidated Guidance for the the First Ten Months Ended October 31, 2023Chervon Holdings Limited provided unaudited consolidated guidance for the the First Ten Months Ended October 31, 2023. For the period, the company expects to record a decrease in its net profit by approximately 80% to USD 21 million, as compared to a net profit of approximately USD 108 million recorded in the corresponding period in 2022. Such expected decrease in the profit during the Period is primarily due to (i) a decline in revenue caused by moreconservative inventory policies adopted by the Group's key customers facing macroeconomic uncertainties; (ii) the Group's continued investments in research and product development, sales and marketing as well as management transformations, and (iii) the relatively low utilization of the Group's manufacturing capacity.
Valuation Update With 7 Day Price Move • Oct 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €2.15, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Consumer Durables industry in Europe. Total loss to shareholders of 35% over the past year.
New Risk • Oct 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.3% increase in shares outstanding).
Reported Earnings • Aug 29First half 2023 earnings released: EPS: US$0.097 (vs US$0.13 in 1H 2022)First half 2023 results: EPS: US$0.097 (down from US$0.13 in 1H 2022). Revenue: US$738.5m (down 26% from 1H 2022). Net income: US$49.1m (down 23% from 1H 2022). Profit margin: 6.7% (up from 6.3% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Consumer Durables industry in Germany.
お知らせ • Aug 18Chervon Holdings Limited to Report First Half, 2023 Results on Aug 28, 2023Chervon Holdings Limited announced that they will report first half, 2023 results on Aug 28, 2023
New Risk • Aug 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.3% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €3.87, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total loss to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.38 per share.
Valuation Update With 7 Day Price Move • Jul 04Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €3.98, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total loss to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.39 per share.
Buying Opportunity • Jun 08Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 22%. The fair value is estimated to be €4.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings is also forecast to grow by 22% per annum over the same time period.
お知らせ • Jun 03Chervon Holdings Limited Approves Final Dividend for the Year Ended December 31, 2022Chervon Holdings Limited held its annual general meeting on June 2, 2023 approved a final dividend of HKD 0.56 per share for the year ended 31 December 2022.
Upcoming Dividend • May 30Upcoming dividend of HK$0.56 per share at 1.6% yieldEligible shareholders must have bought the stock before 06 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.9%).
Board Change • May 08Less than half of directors are independentFollowing 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 Martin Tian was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 03Full year 2022 earnings released: EPS: US$0.28 (vs US$0.36 in FY 2021)Full year 2022 results: EPS: US$0.28 (down from US$0.36 in FY 2021). Revenue: US$1.99b (up 13% from FY 2021). Net income: US$139.4m (down 3.6% from FY 2021). Profit margin: 7.0% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Germany.
Reported Earnings • Mar 29Full year 2022 earnings released: EPS: US$0.28 (vs US$0.36 in FY 2021)Full year 2022 results: EPS: US$0.28 (down from US$0.36 in FY 2021). Revenue: US$1.99b (up 13% from FY 2021). Net income: US$139.4m (down 3.6% from FY 2021). Profit margin: 7.0% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany.
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €4.02, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Consumer Durables industry in Germany. Total loss to shareholders of 36% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.17 per share.
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €5.15, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Consumer Durables industry in Germany. Total loss to shareholders of 21% over the past year.
お知らせ • Jan 20Chervon Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 781.3125 million.Chervon Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 781.3125 million. Security Name: Shares Security Type: Common Stock Securities Offered: 20,835,000 Price\Range: HKD 37.5 Transaction Features: Subsequent Direct Listing
Valuation Update With 7 Day Price Move • Dec 02Investor sentiment improved over the past weekAfter last week's 15% share price gain to €5.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 9x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €5.42 per share.
Board Change • Nov 16Less than half of directors are independentFollowing 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 Martin Tian was the last independent director to join the board, commencing their role in 2021. 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 • Nov 05Investor sentiment improved over the past weekAfter last week's 19% share price gain to €4.02, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €4.90 per share.
Reported Earnings • Aug 26First half 2022 earnings released: EPS: US$0.13 (vs US$0.21 in 1H 2021)First half 2022 results: EPS: US$0.13 (down from US$0.21 in 1H 2021). Revenue: US$1.00b (up 15% from 1H 2021). Net income: US$63.5m (down 26% from 1H 2021). Profit margin: 6.3% (down from 9.9% in 1H 2021). Over the next year, revenue is forecast to grow 19%, compared to a 2.2% growth forecast for the Consumer Durables industry in Germany.
お知らせ • Aug 26Chervon Holdings Limited Announces Executive ChangesChervon Holdings Limited announced that Ms. Chow Yuk Yin Ivy has tendered her resignation as the joint company secretary of the Company with effect from 25 August 2022. Ms. Chow confirmed that there is no disagreement with the Board and there are no other matters relating to her resignation that need to be brought to the attention of the Stock Exchange or the shareholders of the Company. The Board further announces that Ms. Mok Ming Wai has been appointed to replace Ms. Chow as the joint company secretary of the Company with effect from 25 August 2022. Ms. Mok is currently an Executive Director of Corporate Services of Tricor Services Limited. She is a Chartered Secretary, a Chartered Governance Professional and a fellow of both The Hong Kong Chartered Governance Institute (formerly The Hong Kong Institute of Chartered Secretaries) and The Chartered Governance Institute (formerly The Institute of Chartered Secretaries and Administrators). Ms. Mok holds a degree of Master of Science in Applied Accounting and Finance. She has over 25 years of experience in the corporate secretarial fieldand has been providing professional corporate services to Hong Kong listed companies as well as multinational, private and offshore companies.
お知らせ • Aug 13Chervon Holdings Limited to Report First Half, 2022 Results on Aug 25, 2022Chervon Holdings Limited announced that they will report first half, 2022 results on Aug 25, 2022
Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improved over the past weekAfter last week's 15% share price gain to €5.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 9x in the Consumer Durables industry in Germany.
お知らせ • Jun 03Chervon Holdings Limited Approves Final Dividend for the Year Ended 31 December 2021Chervon Holdings Limited at its annual general meeting held on June 2, 2022, approved to declare a final dividend of HKD 0.5577 per share for the year ended 31 December 2021.
Reported Earnings • May 02Full year 2021 earnings released: EPS: US$0.36 (vs US$0.11 in FY 2020)Full year 2021 results: EPS: US$0.36 (up from US$0.11 in FY 2020). Revenue: US$1.76b (up 46% from FY 2020). Net income: US$144.5m (up 226% from FY 2020). Profit margin: 8.2% (up from 3.7% in FY 2020). Over the next year, revenue is forecast to grow 19%, compared to a 7.4% growth forecast for the industry in Germany.
お知らせ • May 02Chervon Holdings Limited, Annual General Meeting, Jun 02, 2022Chervon Holdings Limited, Annual General Meeting, Jun 02, 2022, at 10:00 China Standard Time. Location: 99 West Tian-yuan Road Nanjing China Agenda: To consider the audited consolidated financial statements and the reports of the directors and auditors for the year ended 31 December 2021;to declare a final dividend;to consider reelection; to authorise the board of directors to fix the remuneration of directors of the Company for the year ending 31December 2022; and to consider other matters.
Board Change • Apr 27Less than half of directors are independentFollowing 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 Martin Tian was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 01Full year 2021 earnings released: EPS: US$0.36 (vs US$0.11 in FY 2020)Full year 2021 results: EPS: US$0.36 (up from US$0.11 in FY 2020). Revenue: US$1.76b (up 46% from FY 2020). Net income: US$144.5m (up 226% from FY 2020). Profit margin: 8.2% (up from 3.7% in FY 2020). Over the next year, revenue is forecast to grow 20%, compared to a 7.6% growth forecast for the industry in Germany.
お知らせ • Apr 01Chervon Holdings Limited Proposes Ordinary Final Dividend for the Year Ended December 31, 2021, Payable July 15, 2022Chervon Holdings Limited proposed ordinary final dividend for the year ended December 31, 2021 of HKD 0.5577 per share. Ex-dividend date 24 June 2022. Record date 28 July 2022. Payment date July 15, 2022. Date of shareholders' approval is 2 June 2022.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €6.30, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Consumer Durables industry in Germany.
Buying Opportunity • Feb 26Now 25% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be US$9.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last year. Earnings per share has grown by 185% over the last year.
Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to €7.80, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Consumer Durables industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €10.28 per share.
Board Change • Jan 06Less than half of directors are independentFollowing 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 Martin Tian was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.