View ValuationChervon Holdings 향후 성장Future 기준 점검 3/6Chervon Holdings (는) 각각 연간 18% 및 11.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 18.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 12.1% 로 예상됩니다.핵심 정보18.0%이익 성장률18.53%EPS 성장률Consumer Durables 이익 성장21.0%매출 성장률11.1%향후 자기자본이익률12.06%애널리스트 커버리지Good마지막 업데이트27 May 2026최근 향후 성장 업데이트공시 • 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.공시 • 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.모든 업데이트 보기Recent updatesValuation 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.공시 • 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.공시 • Mar 25Chervon Holdings Limited, Annual General Meeting, May 18, 2026Chervon Holdings Limited, Annual General Meeting, May 18, 2026.공시 • 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, 2026공시 • 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).공시 • 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, 2025공시 • 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.공시 • 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.공시 • 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.공시 • Mar 26+ 1 more updateChervon Holdings Limited, Annual General Meeting, May 22, 2025Chervon Holdings Limited, Annual General Meeting, May 22, 2025.공시 • 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, 2025공시 • 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.공시 • 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.공시 • 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.공시 • 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, 2024공시 • 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.공시 • Mar 28Chervon Holdings Limited, Annual General Meeting, Jun 04, 2024Chervon Holdings Limited, Annual General Meeting, Jun 04, 2024.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.이익 및 매출 성장 예측DB:AZ9 - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20282,235158N/A-49412/31/20272,097152N/A227812/31/20261,804113N/A-79612/31/20251,62898156229N/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/A더 보기애널리스트 향후 성장 전망수입 대 저축률: AZ9 의 연간 예상 수익 증가율(18%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: AZ9 의 연간 수익(18%)이 German 시장(16.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: AZ9 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: AZ9 의 수익(연간 11.1%)이 German 시장(연간 6.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: AZ9 의 수익(연간 11.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: AZ9의 자본 수익률은 3년 후 12.1%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-durables 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/29 02:23종가2026/06/29 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Chervon Holdings Limited는 11명의 분석가가 다루고 있습니다. 이 중 8명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jing ZouChina International Capital Corporation LimitedHaibo LiuCitic Securities Co., Ltd.Tak Hung LauCitigroup Inc8명의 분석가 더 보기
공시 • 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.
공시 • 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 • 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.
공시 • 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.
공시 • Mar 25Chervon Holdings Limited, Annual General Meeting, May 18, 2026Chervon Holdings Limited, Annual General Meeting, May 18, 2026.
공시 • 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
공시 • 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).
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • Mar 26+ 1 more updateChervon Holdings Limited, Annual General Meeting, May 22, 2025Chervon Holdings Limited, Annual General Meeting, May 22, 2025.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • Mar 28Chervon Holdings Limited, Annual General Meeting, Jun 04, 2024Chervon Holdings Limited, Annual General Meeting, Jun 04, 2024.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.