New Risk • May 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.7% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (91% payout ratio). Buy Or Sell Opportunity • Apr 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to CN¥8.50. The fair value is estimated to be CN¥7.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 41%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Apr 17
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CN¥0.44 (up from CN¥0.27 in FY 2024). Revenue: CN¥7.86b (down 1.0% from FY 2024). Net income: CN¥656.1m (up 60% from FY 2024). Profit margin: 8.3% (up from 5.2% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. New Risk • Apr 16
New major risk - Revenue and earnings growth Earnings have declined by 15% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 114% Cash payout ratio: 105% Earnings have declined by 15% per year over the past 5 years. Announcement • Apr 16
Bros Eastern.,Ltd, Annual General Meeting, May 12, 2026 Bros Eastern.,Ltd, Annual General Meeting, May 12, 2026, at 14:00 China Standard Time. Location: 8F, No. 188, Yongjiang Avenue, Yinzhou District, Ningbo, Zhejiang China Announcement • Mar 30
Bros Eastern.,Ltd to Report Q1, 2026 Results on Apr 28, 2026 Bros Eastern.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Price Target Changed • Jan 23
Price target increased by 11% to CN¥7.15 Up from CN¥6.47, the current price target is an average from 3 analysts. New target price is 6.6% above last closing price of CN¥6.71. Stock is up 30% over the past year. The company is forecast to post earnings per share of CN¥0.43 for next year compared to CN¥0.27 last year. Announcement • Dec 26
Bros Eastern.,Ltd to Report Fiscal Year 2025 Results on Apr 16, 2026 Bros Eastern.,Ltd announced that they will report fiscal year 2025 results on Apr 16, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.12 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.11 (down from CN¥0.12 in 3Q 2024). Revenue: CN¥2.13b (up 2.3% from 3Q 2024). Net income: CN¥159.8m (down 11% from 3Q 2024). Profit margin: 7.5% (down from 8.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Sep 30
Bros Eastern.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Bros Eastern.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Major Estimate Revision • Aug 21
Consensus EPS estimates increase by 17%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥8.45b to CN¥8.33b. EPS estimate rose from CN¥0.363 to CN¥0.423. Net income forecast to grow 18% next year vs 21% growth forecast for Luxury industry in China. Consensus price target of CN¥6.47 unchanged from last update. Share price rose 2.3% to CN¥5.72 over the past week. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.12 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.14 (up from CN¥0.12 in 2Q 2024). Revenue: CN¥1.86b (down 14% from 2Q 2024). Net income: CN¥216.5m (up 42% from 2Q 2024). Profit margin: 12% (up from 7.1% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Jun 30
Bros Eastern.,Ltd to Report First Half, 2025 Results on Aug 15, 2025 Bros Eastern.,Ltd announced that they will report first half, 2025 results on Aug 15, 2025 Declared Dividend • May 26
Dividend reduced to CN¥0.26 Dividend of CN¥0.26 is 13% lower than last year. Ex-date: 30th May 2025 Payment date: 30th May 2025 Dividend yield will be 5.2%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 44% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (96% payout ratio). Large one-off items impacting financial results. Reported Earnings • Apr 16
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.27 (down from CN¥0.34 in FY 2023). Revenue: CN¥7.94b (up 15% from FY 2023). Net income: CN¥410.2m (down 19% from FY 2023). Profit margin: 5.2% (down from 7.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Apr 16
Bros Eastern.,Ltd, Annual General Meeting, May 09, 2025 Bros Eastern.,Ltd, Annual General Meeting, May 09, 2025, at 14:00 China Standard Time. Location: 8F, No. 188, Yongjiang Avenue, Yinzhou District, Ningbo, Zhejiang China Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.67, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Luxury industry in China. Total loss to shareholders of 4.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.02 per share. Announcement • Mar 28
Bros Eastern.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Bros Eastern.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Bros Eastern.,Ltd to Report Fiscal Year 2024 Results on Apr 16, 2025 Bros Eastern.,Ltd announced that they will report fiscal year 2024 results on Apr 16, 2025 Price Target Changed • Nov 05
Price target decreased by 7.3% to CN¥5.89 Down from CN¥6.36, the current price target is an average from 4 analysts. New target price is 10% above last closing price of CN¥5.35. Stock is down 2.0% over the past year. The company is forecast to post earnings per share of CN¥0.37 for next year compared to CN¥0.34 last year. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.19 in 3Q 2023). Revenue: CN¥2.09b (up 11% from 3Q 2023). Net income: CN¥179.9m (down 36% from 3Q 2023). Profit margin: 8.6% (down from 15% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Sep 30
Bros Eastern.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Bros Eastern.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥5.30, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Luxury industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.14 per share. Price Target Changed • Sep 03
Price target decreased by 9.8% to CN¥5.79 Down from CN¥6.42, the current price target is an average from 3 analysts. New target price is 26% above last closing price of CN¥4.58. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥0.35 for next year compared to CN¥0.34 last year. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.12. Revenue: CN¥2.15b (up 24% from 2Q 2023). Net income: CN¥152.5m (down 19% from 2Q 2023). Profit margin: 7.1% (down from 11% in 2Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China. Announcement • Jun 28
Bros Eastern.,Ltd to Report First Half, 2024 Results on Aug 27, 2024 Bros Eastern.,Ltd announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • Jun 01
Dividend reduced to CN¥0.30 Dividend of CN¥0.30 is 40% lower than last year. Ex-date: 5th June 2024 Payment date: 5th June 2024 Dividend yield will be 5.4%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is well covered by cash flows (46% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 2.2% to bring the payout ratio under control. EPS is expected to grow by 97% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • May 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (92% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.9% net profit margin). Reported Earnings • May 04
First quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.06 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.05 (down from CN¥0.06 in 1Q 2023). Revenue: CN¥1.83b (up 24% from 1Q 2023). Net income: CN¥80.3m (down 4.5% from 1Q 2023). Profit margin: 4.4% (down from 5.7% in 1Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year. Major Estimate Revision • Apr 22
Consensus EPS estimates fall by 38% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.66 to CN¥0.41 per share. Revenue forecast steady at CN¥7.63b. Net income forecast to grow 22% next year vs 35% growth forecast for Luxury industry in China. Consensus price target of CN¥6.55 unchanged from last update. Share price rose 2.4% to CN¥5.65 over the past week. Reported Earnings • Apr 18
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.34 (down from CN¥1.06 in FY 2022). Revenue: CN¥6.91b (down 1.1% from FY 2022). Net income: CN¥504.0m (down 68% from FY 2022). Profit margin: 7.3% (down from 22% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Apr 16
Bros Eastern.,Ltd, Annual General Meeting, May 10, 2024 Bros Eastern.,Ltd, Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Announcement • Mar 29
Bros Eastern.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Bros Eastern.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 30
Bros Eastern.,Ltd to Report Fiscal Year 2023 Results on Apr 16, 2024 Bros Eastern.,Ltd announced that they will report fiscal year 2023 results on Apr 16, 2024 Major Estimate Revision • Nov 09
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥0.645 to CN¥0.52. Revenue forecast unchanged from CN¥6.58b at last update. Net income forecast to shrink 8.8% next year vs 46% growth forecast for Luxury industry in China . Consensus price target down from CN¥7.30 to CN¥6.75. Share price fell 2.7% to CN¥5.33 over the past week. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.17 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.17 in 3Q 2022). Revenue: CN¥1.87b (up 6.2% from 3Q 2022). Net income: CN¥279.8m (up 7.0% from 3Q 2022). Profit margin: 15% (in line with 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Bros Eastern.,Ltd to Report Q3, 2023 Results on Oct 31, 2023 Bros Eastern.,Ltd announced that they will report Q3, 2023 results on Oct 31, 2023 Major Estimate Revision • Aug 24
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥7.00b to CN¥6.51b. EPS estimate also fell from CN¥0.888 per share to CN¥0.645 per share. Net income forecast to grow 6.7% next year vs 39% growth forecast for Luxury industry in China. Consensus price target down from CN¥8.55 to CN¥7.30. Share price was steady at CN¥5.58 over the past week. Price Target Changed • Aug 24
Price target decreased by 15% to CN¥7.30 Down from CN¥8.55, the current price target is an average from 2 analysts. New target price is 31% above last closing price of CN¥5.58. Stock is down 0.4% over the past year. The company is forecast to post earnings per share of CN¥0.65 for next year compared to CN¥1.06 last year. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.30 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.30 in 2Q 2022). Revenue: CN¥1.73b (down 13% from 2Q 2022). Net income: CN¥189.0m (down 56% from 2Q 2022). Profit margin: 11% (down from 22% in 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Bros Eastern.,Ltd to Report First Half, 2023 Results on Aug 18, 2023 Bros Eastern.,Ltd announced that they will report first half, 2023 results on Aug 18, 2023 Reported Earnings • Apr 11
Full year 2022 earnings released: EPS: CN¥1.08 (vs CN¥0.93 in FY 2021) Full year 2022 results: EPS: CN¥1.08 (up from CN¥0.93 in FY 2021). Revenue: CN¥6.99b (down 10% from FY 2021). Net income: CN¥1.60b (up 16% from FY 2021). Profit margin: 23% (up from 18% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 24
Price target increased by 20% to CN¥8.18 Up from CN¥6.83, the current price target is an average from 2 analysts. New target price is 12% above last closing price of CN¥7.32. Stock is up 16% over the past year. The company is forecast to post earnings per share of CN¥1.07 for next year compared to CN¥0.93 last year. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥7.48, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Luxury industry in China. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.42 per share. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥6.61, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Luxury industry in China. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.30 per share. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Jianming Xia 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 • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.17 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.17 in 3Q 2021). Revenue: CN¥1.76b (up 7.8% from 3Q 2021). Net income: CN¥261.6m (up 8.5% from 3Q 2021). Profit margin: 15% (in line with 3Q 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 31
Second quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.22 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.30 (up from CN¥0.22 in 2Q 2021). Revenue: CN¥1.99b (down 2.8% from 2Q 2021). Net income: CN¥432.0m (up 32% from 2Q 2021). Profit margin: 22% (up from 16% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 31%, compared to a 22% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥5.16, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Luxury industry in China. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.91 per share. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Qian Yabin was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 03
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥0.94 (up from CN¥0.25 in FY 2020). Revenue: CN¥7.68b (up 25% from FY 2020). Net income: CN¥1.38b (up 278% from FY 2020). Profit margin: 18% (up from 6.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates by 27%. Over the next year, revenue is forecast to grow 18%, compared to a 44% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.03 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.64b (up 5.7% from 3Q 2020). Net income: CN¥241.1m (up 464% from 3Q 2020). Profit margin: 15% (up from 2.8% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥6.61, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Luxury industry in China. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.64 per share. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.041 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.05b (up 61% from 2Q 2020). Net income: CN¥327.5m (up 404% from 2Q 2020). Profit margin: 16% (up from 5.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 2% per year. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥6.48, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Luxury industry in China. Total returns to shareholders of 31% over the past three years. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥0.25 (vs CN¥0.20 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥6.13b (down 1.4% from FY 2019). Net income: CN¥378.7m (up 27% from FY 2019). Profit margin: 6.2% (up from 4.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 20
New 90-day high: CN¥4.43 The company is up 1.0% from its price of CN¥4.38 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥18.45 per share. Is New 90 Day High Low • Jan 27
New 90-day low: CN¥3.87 The company is down 11% from its price of CN¥4.33 on 29 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥18.72 per share. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥180.3m, down 33% from the prior year. Total revenue was CN¥5.83b over the last 12 months, down 3.0% from the prior year. Valuation Update With 7 Day Price Move • Oct 31
Market pulls back on stock over the past week After last week's 18% share price decline to CN¥4.06, the stock is trading at a trailing P/E ratio of 29x, down from the previous P/E ratio of 35.2x. This compares to an average P/E of 33x in the Luxury industry in China. Total return to shareholders over the past three years is a loss of 21%. Announcement • Oct 30
Bros Eastern Co.,Ltd to Report Q3, 2020 Results on Oct 31, 2020 Bros Eastern Co.,Ltd announced that they will report Q3, 2020 results on Oct 31, 2020 Valuation Update With 7 Day Price Move • Oct 28
Market pulls back on stock over the past week After last week's 15% share price decline to CN¥4.44, the stock is trading at a trailing P/E ratio of 31.7x, down from the previous P/E ratio of 37.4x. This compares to an average P/E of 29x in the Luxury industry in China. Total return to shareholders over the past three years is a loss of 15%. Valuation Update With 7 Day Price Move • Oct 15
Market bids up stock over the past week After last week's 22% share price gain to CN¥4.49, the stock is trading at a trailing P/E ratio of 32.1x, up from the previous P/E ratio of 26.3x. This compares to an average P/E of 29x in the Luxury industry in China. Total return to shareholders over the past three years is a loss of 18%. Is New 90 Day High Low • Oct 14
New 90-day high: CN¥4.08 The company is up 15% from its price of CN¥3.56 on 16 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥19.26 per share. Announcement • Jul 09
Bros Eastern Co.,Ltd to Report First Half, 2020 Results on Aug 25, 2020 Bros Eastern Co.,Ltd announced that they will report first half, 2020 results on Aug 25, 2020