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Nameson Holdings

DB:38N
Snowflake Description

Very undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
38N
DB
HK$1B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Nameson Holdings Limited, an investment holding company, designs, manufactures, and sells knitwear products, knitted upper for footwear, and knitted upper shoes. The last earnings update was 150 days ago. More info.


Add to Portfolio Compare Print
  • Nameson Holdings has significant price volatility in the past 3 months.
38N Share Price and Events
7 Day Returns
-10.3%
DB:38N
3.2%
DE Luxury
-0.6%
DE Market
1 Year Returns
-67.1%
DB:38N
25.2%
DE Luxury
-10.8%
DE Market
38N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nameson Holdings (38N) -10.3% -32.5% -33.3% -67.1% -60.3% -
DE Luxury 3.2% 10.2% 24.4% 25.2% 109.9% 142.1%
DE Market -0.6% -3.3% 2.3% -10.8% 8% 8%
1 Year Return vs Industry and Market
  • 38N underperformed the Luxury industry which returned 25.2% over the past year.
  • 38N underperformed the Market in Germany which returned -10.8% over the past year.
Price Volatility
38N
Industry
5yr Volatility vs Market

38N Value

 Is Nameson Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nameson Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nameson Holdings.

DB:38N Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:38N
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.721 (1 + (1- 25%) (154.38%))
1.373
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.373 * 6.65%)
9.36%

Discounted Cash Flow Calculation for DB:38N using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nameson Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:38N DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 9.36%)
2019 263.00 Analyst x2 240.50
2020 316.00 Analyst x2 264.24
2021 446.50 Analyst x2 341.42
2022 553.86 Est @ 24.04% 387.28
2023 647.46 Est @ 16.9% 413.99
2024 724.50 Est @ 11.9% 423.61
2025 785.34 Est @ 8.4% 419.90
2026 832.04 Est @ 5.95% 406.80
2027 867.24 Est @ 4.23% 387.74
2028 893.52 Est @ 3.03% 365.31
Present value of next 10 years cash flows HK$3,650.78
DB:38N DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$893.52 × (1 + 0.23%) ÷ (9.36% – 0.23%)
HK$9,810.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$9,810.50 ÷ (1 + 9.36%)10
HK$4,010.92
DB:38N Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$3,650.78 + HK$4,010.92
HK$7,661.70
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$7,661.70 / 2,279.39
HK$3.36
DB:38N Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:38N represents 0.0963x of SEHK:1982
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0963x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 3.36 x 0.0963
€0.32
Value per share (EUR) From above. €0.32
Current discount Discount to share price of €0.05
= -1 x (€0.05 - €0.32) / €0.32
83.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Nameson Holdings is available for.
Intrinsic value
>50%
Share price is €0.052 vs Future cash flow value of €0.32368
Current Discount Checks
For Nameson Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nameson Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Nameson Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nameson Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nameson Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:38N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$0.12
SEHK:1982 Share Price ** SEHK (2019-05-23) in HKD HK$0.54
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 22.1x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nameson Holdings.

DB:38N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1982 Share Price ÷ EPS (both in HKD)

= 0.54 ÷ 0.12

4.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nameson Holdings is good value based on earnings compared to the DE Luxury industry average.
  • Nameson Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Nameson Holdings's expected growth come at a high price?
Raw Data
DB:38N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
13.5%per year
Europe Luxury Industry PEG Ratio Median Figure of 39 Publicly-Listed Luxury Companies 1.58x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

DB:38N PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.46x ÷ 13.5%

0.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nameson Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Nameson Holdings's assets?
Raw Data
DB:38N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$1.12
SEHK:1982 Share Price * SEHK (2019-05-23) in HKD HK$0.54
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.4x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:38N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1982 Share Price ÷ Book Value per Share (both in HKD)

= 0.54 ÷ 1.12

0.48x

* Primary Listing of Nameson Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nameson Holdings is good value based on assets compared to the DE Luxury industry average.
X
Value checks
We assess Nameson Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Nameson Holdings has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

38N Future Performance

 How is Nameson Holdings expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nameson Holdings expected to grow at an attractive rate?
  • Nameson Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Nameson Holdings's earnings growth is expected to exceed the Germany market average.
  • Nameson Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:38N Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:38N Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 13.5%
DB:38N Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 9.3%
Germany Luxury Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:38N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:38N Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 5,140 782 340 5
2020-03-31 4,672 630 308 6
2019-03-31 4,248 803 253 6
DB:38N Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 4,214 170 271
2018-06-30 3,830 167 299
2018-03-31 3,446 165 327
2017-12-31 3,291 274 361
2017-09-30 3,135 383 395
2017-06-30 2,966 434 361
2017-03-31 2,797 486 328
2016-12-31 2,796 533 315
2016-09-30 2,796 581 302
2016-06-30 2,786 481 267
2016-03-31 2,775 380 232
2015-12-31 2,737 395 223

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nameson Holdings's earnings are expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).
  • Nameson Holdings's revenue is expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:38N Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Nameson Holdings Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:38N Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 0.15 0.18 0.12 5.00
2020-03-31 0.14 0.17 0.11 6.00
2019-03-31 0.11 0.12 0.10 5.00
DB:38N Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 0.12
2018-06-30 0.14
2018-03-31 0.15
2017-12-31 0.17
2017-09-30 0.19
2017-06-30 0.18
2017-03-31 0.16
2016-12-31 0.16
2016-09-30 0.17
2016-06-30 0.16
2016-03-31 0.15
2015-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Nameson Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nameson Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nameson Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

38N Past Performance

  How has Nameson Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nameson Holdings's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nameson Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Nameson Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Nameson Holdings's 1-year earnings growth is negative, it can't be compared to the DE Luxury industry average.
Earnings and Revenue History
Nameson Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nameson Holdings Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:38N Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 4,213.58 270.84 417.88
2018-06-30 3,830.00 298.90 391.03
2018-03-31 3,446.42 326.97 364.18
2017-12-31 3,290.53 360.91 334.39
2017-09-30 3,134.64 394.86 304.61
2017-06-30 2,965.92 361.49 299.86
2017-03-31 2,797.19 328.13 295.12
2016-12-31 2,796.49 314.99 295.61
2016-09-30 2,795.78 301.84 296.09
2016-06-30 2,785.56 266.87 302.86
2016-03-31 2,775.35 231.89 309.62
2015-12-31 2,736.72 222.55 317.41
2015-09-30 2,698.10 213.21 325.21
2015-06-30 2,632.89 243.28 306.36
2015-03-31 2,567.67 273.35 287.51
2014-03-31 2,322.27 219.37 258.21
2013-03-31 2,542.81 368.40 257.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Nameson Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nameson Holdings used its assets more efficiently than the DE Luxury industry average last year based on Return on Assets.
  • Nameson Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nameson Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nameson Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

38N Health

 How is Nameson Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nameson Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nameson Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nameson Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nameson Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nameson Holdings Company Filings, last reported 7 months ago.

DB:38N Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 2,550.76 1,900.27 801.24
2018-06-30 2,550.76 1,900.27 801.24
2018-03-31 2,447.80 2,038.29 1,009.48
2017-12-31 2,447.80 2,038.29 1,009.48
2017-09-30 1,839.90 1,162.41 1,072.76
2017-06-30 1,839.90 1,162.41 1,072.76
2017-03-31 1,570.00 794.41 693.43
2016-12-31 1,570.00 794.41 693.43
2016-09-30 1,542.26 701.78 784.65
2016-06-30 1,542.26 701.78 784.65
2016-03-31 657.29 855.65 221.64
2015-12-31 657.29 855.65 221.64
2015-09-30 1,110.98 1,213.52 381.41
2015-06-30 1,110.98 1,213.52 381.41
2015-03-31 1,121.34 907.38 333.74
2014-03-31 1,168.55 760.77 307.19
2013-03-31 1,144.41 797.20 259.60
  • Nameson Holdings's level of debt (74.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (67.3% vs 74.5% today).
  • Debt is not well covered by operating cash flow (8.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.4x coverage).
X
Financial health checks
We assess Nameson Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nameson Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

38N Dividends

 What is Nameson Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
10.37%
Current annual income from Nameson Holdings dividends. Estimated to be 10.81% next year.
If you bought €2,000 of Nameson Holdings shares you are expected to receive €207 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Nameson Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.42%).
  • Nameson Holdings's dividend is above the markets top 25% of dividend payers in Germany (3.88%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:38N Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Germany Luxury Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:38N Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.06 4.00
2020-03-31 0.06 5.00
2019-03-31 0.04 4.00
DB:38N Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-07-26 0.056 7.169
2017-07-27 0.040 2.170
2016-12-23 0.076 4.718
2016-11-28 0.076 4.481

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nameson Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Nameson Holdings has only been paying a dividend for 2 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Nameson Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Nameson Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nameson Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nameson Holdings has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

38N Management

 What is the CEO of Nameson Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ting Chung Wong
COMPENSATION HK$4,317,000
AGE 56
CEO Bio

Mr. Wong Ting Chung, BBS, JP, serves as Chairman of the Board and Chief Executive Officer of Nameson Holdings Limited and has been its Executive Director since August 11, 2015. Mr. Wong is a co-founders of Nameson Group and serves as its the Chairman and Chief Executive Officer and is primarily responsible for overall management and formation of corporate strategy. Mr. Wong has over 30 years of working experience in knitting industry. He established his business through Hang Cheong Knitting Factory, a factory engaged in the production of knitwear products, in 1982 and was responsible for overall management of the factory. Mr. Wong established of Nameson Group’s business through Nameson Industrial in September 1990. Mr. Wong serves as Director of Nameson Group, First Team (HK), Nameson Industrial, South Crown, Kingmax Industry, Winner Way and Senico Industrial. Mr. Wong is a delegate of the Hong Kong Special Administrative Region to the National People’s Congress of the PRC and the chairman of Hong Kong Industrial and Commercial Association 16th General Chamber Executive Committee. He graduated from Hong Kong Yee Tong Ye College in 1978.

CEO Compensation
  • Ting Chung's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ting Chung's remuneration is about average for companies of similar size in Germany.
Management Team

Ting Chung Wong

TITLE
Chairman of the Board & CEO
COMPENSATION
HK$4M
AGE
56

Wai Wong

TITLE
Vice Chairman
COMPENSATION
HK$750K
AGE
36

Raymond Wong

TITLE
COO & Executive Director
COMPENSATION
HK$2M
AGE
48

Po Li

TITLE
Group Chief Sales Officer & Executive Director
COMPENSATION
HK$3M
AGE
53

Ting Wong

TITLE
Chief Production Officer & Executive Director
COMPENSATION
HK$3M
AGE
52

Chi Tao

TITLE
Group CFO & Company Secretary
AGE
47
Board of Directors Tenure

Average tenure and age of the Nameson Holdings board of directors in years:

3.8
Average Tenure
54.5
Average Age
  • The tenure for the Nameson Holdings board of directors is about average.
Board of Directors

Ting Chung Wong

TITLE
Chairman of the Board & CEO
COMPENSATION
HK$4M
AGE
56

Wai Wong

TITLE
Vice Chairman
COMPENSATION
HK$750K
AGE
36
TENURE
1.5 yrs

Raymond Wong

TITLE
COO & Executive Director
COMPENSATION
HK$2M
AGE
48
TENURE
3.8 yrs

Po Li

TITLE
Group Chief Sales Officer & Executive Director
COMPENSATION
HK$3M
AGE
53
TENURE
3.8 yrs

Ting Wong

TITLE
Chief Production Officer & Executive Director
COMPENSATION
HK$3M
AGE
52
TENURE
3.8 yrs

Tony Kan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$560K
AGE
67
TENURE
3.3 yrs

Alan Ong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$560K
AGE
48
TENURE
3.3 yrs

David Tam

TITLE
Non-Executive Director
COMPENSATION
HK$566K
AGE
68
TENURE
3.8 yrs

Ting Wong

TITLE
Non-Executive Director
COMPENSATION
HK$736K
AGE
56
TENURE
3.8 yrs

Fanny Law

TITLE
Independent Non-Executive Director
COMPENSATION
HK$560K
AGE
65
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Nameson Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nameson Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

38N News

Simply Wall St News

38N Company Info

Description

Nameson Holdings Limited, an investment holding company, designs, manufactures, and sells knitwear products, knitted upper for footwear, and knitted upper shoes. The company's products include womenswear, menswear, and other products, such as children swear, scarfs, hats and gloves. It offers its products to apparel brands in Japan, North America, Europe, Mainland China, and internationally. The company was founded in 1990 and is headquartered in Tai Po, Hong Kong. Nameson Holdings Limited is a subsidiary of Nameson Investments Limited.

Details
Name: Nameson Holdings Limited
38N
Exchange: DB
Founded: 1990
HK$140,428,657
2,279,392,000
Website: http://www.namesonholdings.com
Address: Nameson Holdings Limited
Units A–C, Tai Ping Industrial Centreq,
Block 1,
Tai Po,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1982 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 12. Apr 2016
DB 38N Ordinary Shares Deutsche Boerse AG DE EUR 12. Apr 2016
Number of employees
Current staff
Staff numbers
16,000
Nameson Holdings employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 22:27
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/22
Last earnings filing: 2018/12/24
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.