SHSE:603958

Stock Analysis Report

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Executive Summary

Harson Trading (China) Co., Ltd. manufactures and sells shoes for women primarily in China. More Details


Snowflake Analysis

Flawless balance sheet with moderate growth potential.

Share Price & News

How has Harson Trading (China)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 603958 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 603958's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

0.4%

603958

2.0%

CN Luxury

2.9%

CN Market


1 Year Return

-30.2%

603958

-3.4%

CN Luxury

31.8%

CN Market

Return vs Industry: 603958 underperformed the CN Luxury industry which returned -3.4% over the past year.

Return vs Market: 603958 underperformed the CN Market which returned 31.8% over the past year.


Shareholder returns

603958IndustryMarket
7 Day0.4%2.0%2.9%
30 Day-18.4%-3.6%7.2%
90 Day-25.5%-11.2%11.5%
1 Year-29.9%-30.2%-1.3%-3.4%34.0%31.8%
3 Year-62.8%-63.6%-24.7%-28.8%23.1%17.0%
5 Yearn/a-30.8%-35.9%51.6%41.1%

Long-Term Price Volatility Vs. Market

How volatile is Harson Trading (China)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Harson Trading (China) undervalued compared to its fair value and its price relative to the market?

1.15x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 603958 (CN¥5.18) is trading above our estimate of fair value (CN¥0.27)

Significantly Below Fair Value: 603958 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 603958 is unprofitable, so we can't compare its PE Ratio to the CN Luxury industry average.

PE vs Market: 603958 is unprofitable, so we can't compare its PE Ratio to the CN market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 603958's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 603958 is good value based on its PB Ratio (1.1x) compared to the CN Luxury industry average (1.8x).


Next Steps

Future Growth

How is Harson Trading (China) forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

112.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 603958 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.3%).

Earnings vs Market: 603958 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 603958's is expected to become profitable in the next 3 years.

Revenue vs Market: 603958's revenue (10.1% per year) is forecast to grow slower than the CN market (18.3% per year).

High Growth Revenue: 603958's revenue (10.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 603958's Return on Equity is forecast to be low in 3 years time (3.3%).


Next Steps

Past Performance

How has Harson Trading (China) performed over the past 5 years?

-67.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 603958 is currently unprofitable.

Growing Profit Margin: 603958 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 603958 is unprofitable, and losses have increased over the past 5 years at a rate of 67.2% per year.

Accelerating Growth: Unable to compare 603958's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 603958 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-10.3%).


Return on Equity

High ROE: 603958 has a negative Return on Equity (-3.31%), as it is currently unprofitable.


Next Steps

Financial Health

How is Harson Trading (China)'s financial position?


Financial Position Analysis

Short Term Liabilities: 603958's short term assets (CN¥962.9M) exceed its short term liabilities (CN¥199.7M).

Long Term Liabilities: 603958's short term assets (CN¥962.9M) exceed its long term liabilities (CN¥777.7K).


Debt to Equity History and Analysis

Debt Level: 603958 is debt free.

Reducing Debt: 603958 has no debt compared to 5 years ago when its debt to equity ratio was 29.9%.

Debt Coverage: 603958 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 603958 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Harson Trading (China) current dividend yield, its reliability and sustainability?

0.58%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 603958's dividend (0.58%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 603958's dividend (0.58%) is low compared to the top 25% of dividend payers in the CN market (1.81%).


Stability and Growth of Payments

Stable Dividend: 603958 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603958 has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: 603958 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Harson Trading (China) has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Harson Trading (China) Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Harson Trading (China) Co., Ltd.
  • Ticker: 603958
  • Exchange: SHSE
  • Founded: NaN
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: CN¥1.126b
  • Shares outstanding: 217.36m
  • Website: https://www.harson.com.cn

Number of Employees


Location

  • Harson Trading (China) Co., Ltd.
  • Economic Development Zone of Kunshan's floral emblem Town Cao An An Road, spent 1008
  • Kunshan
  • Jiangsu Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
603958SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYJun 2016

Biography

Harson Trading (China) Co., Ltd. manufactures and sells shoes for women primarily in China. The company is based in Kunshan, China.


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 09:36
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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