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Sitoy Group Holdings

DB:8SY
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8SY
DB
HK$2B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Sitoy Group Holdings Limited designs, researches, develops, manufactures, sells, and retails handbags, small leather goods, travel goods, and footwear products under the TUSCAN’S, Fashion & Joy, Kenneth Cole, and Cole Haan brands. The last earnings update was 23 days ago. More info.


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8SY Share Price and Events
7 Day Returns
-1.6%
DB:8SY
0.8%
DE Luxury
2.1%
DE Market
1 Year Returns
15.5%
DB:8SY
6.5%
DE Luxury
-7.6%
DE Market
8SY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sitoy Group Holdings (8SY) -1.6% -14.7% -5.1% 15.5% -26.5% -52.7%
DE Luxury 0.8% 6.4% 13.3% 6.5% 92.6% 112.8%
DE Market 2.1% 3.6% 8.1% -7.6% 9.8% 12.4%
1 Year Return vs Industry and Market
  • 8SY outperformed the Luxury industry which returned 6.5% over the past year.
  • 8SY outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
8SY
Industry
5yr Volatility vs Market

Value

 Is Sitoy Group 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 Sitoy Group 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 Sitoy Group Holdings.

DB:8SY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.6%
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:8SY
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 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 25%) (4.56%))
0.806
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.806 * 6.65%)
5.59%

Discounted Cash Flow Calculation for DB:8SY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sitoy Group 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:8SY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 5.59%)
2019 58.60 Est @ 4.74% 55.50
2020 60.58 Est @ 3.38% 54.34
2021 62.06 Est @ 2.44% 52.72
2022 63.16 Est @ 1.77% 50.82
2023 63.99 Est @ 1.31% 48.76
2024 64.62 Est @ 0.99% 46.64
2025 65.11 Est @ 0.76% 44.51
2026 65.50 Est @ 0.6% 42.40
2027 65.82 Est @ 0.49% 40.36
2028 66.09 Est @ 0.41% 38.38
Present value of next 10 years cash flows HK$474.43
DB:8SY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$66.09 × (1 + 0.23%) ÷ (5.59% – 0.23%)
HK$1,236.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$1,236.42 ÷ (1 + 5.59%)10
HK$718.00
DB:8SY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$474.43 + HK$718.00
HK$1,192.44
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$1,192.44 / 956.91
HK$1.25
DB:8SY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:8SY represents 0.10109x of SEHK:1023
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10109x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.25 x 0.10109
€0.13
Value per share (EUR) From above. €0.13
Current discount Discount to share price of €0.19
= -1 x (€0.19 - €0.13) / €0.13
-47.7%

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

  • The current share price of Sitoy Group Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Sitoy Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sitoy Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:8SY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.23
SEHK:1023 Share Price ** SEHK (2019-03-20) in HKD HK$1.84
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 24.92x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.91x

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

** Primary Listing of Sitoy Group Holdings.

DB:8SY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1023 Share Price ÷ EPS (both in HKD)

= 1.84 ÷ 0.23

8.03x

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

  • Sitoy Group Holdings is good value based on earnings compared to the DE Luxury industry average.
  • Sitoy Group Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sitoy Group Holdings's expected growth come at a high price?
Raw Data
DB:8SY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
2.4%per year
Europe Luxury Industry PEG Ratio Median Figure of 39 Publicly-Listed Luxury Companies 1.89x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Sitoy Group Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sitoy Group Holdings's assets?
Raw Data
DB:8SY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$2.22
SEHK:1023 Share Price * SEHK (2019-03-20) in HKD HK$1.84
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.51x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.79x
DB:8SY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1023 Share Price ÷ Book Value per Share (both in HKD)

= 1.84 ÷ 2.22

0.83x

* Primary Listing of Sitoy Group Holdings.

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

  • Sitoy Group Holdings is good value based on assets compared to the DE Luxury industry average.
X
Value checks
We assess Sitoy Group 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. Sitoy Group Holdings has a total score of 3/6, 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.

Future Performance

 How is Sitoy Group Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Sitoy Group Holdings, future earnings growth has been estimated based on fundamentals.
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
2.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sitoy Group Holdings expected to grow at an attractive rate?
  • Sitoy Group Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sitoy Group Holdings's earnings growth is positive but not above the Germany market average.
  • Unable to compare Sitoy Group Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:8SY Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:8SY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 2.4%
Germany Luxury Industry Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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:8SY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:8SY Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,429 227
2018-09-30 2,367 242
2018-06-30 2,306 -22 257
2018-03-31 2,196 28 248
2017-12-31 2,086 79 239
2017-09-30 2,001 121 225
2017-06-30 1,917 164 211
2017-03-31 2,029 186 250
2016-12-31 2,140 207 288
2016-09-30 2,489 286 329
2016-06-30 2,837 365 370
2016-03-31 3,084 401 386

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sitoy Group Holdings's earnings are expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Sitoy Group Holdings is high growth as no revenue estimate data is available.
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:8SY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Sitoy Group Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8SY Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.23
2018-09-30 0.24
2018-06-30 0.26
2018-03-31 0.25
2017-12-31 0.24
2017-09-30 0.22
2017-06-30 0.21
2017-03-31 0.25
2016-12-31 0.29
2016-09-30 0.33
2016-06-30 0.37
2016-03-31 0.39

*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.
  • Unable to establish if Sitoy Group Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sitoy Group 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.
Sitoy Group Holdings has a total score of 1/6, 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.

Past Performance

  How has Sitoy Group 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 Sitoy Group 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.
  • Sitoy Group Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Sitoy Group Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sitoy Group Holdings's 1-year earnings growth is negative, it can't be compared to the DE Luxury industry average.
Earnings and Revenue History
Sitoy Group 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 Sitoy Group Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8SY Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,428.91 226.80 482.18
2018-09-30 2,367.35 241.74 451.78
2018-06-30 2,305.80 256.68 421.39
2018-03-31 2,195.69 248.02 393.25
2017-12-31 2,085.58 239.36 365.12
2017-09-30 2,001.26 225.22 353.57
2017-06-30 1,916.94 211.08 342.01
2017-03-31 2,028.55 249.67 353.67
2016-12-31 2,140.16 288.25 365.33
2016-09-30 2,488.59 329.20 386.74
2016-06-30 2,837.02 370.14 408.15
2016-03-31 3,084.45 386.18 418.93
2015-12-31 3,331.88 402.23 429.72
2015-09-30 3,356.15 407.09 428.10
2015-06-30 3,380.42 411.95 426.48
2015-03-31 3,452.91 436.92 415.92
2014-12-31 3,525.39 461.90 405.36
2014-09-30 3,691.09 483.07 397.31
2014-06-30 3,856.78 504.25 389.26
2014-03-31 3,786.61 482.71 375.36
2013-12-31 3,716.44 461.16 361.46
2013-09-30 3,538.37 430.83 345.51
2013-06-30 3,360.31 400.50 329.57
2013-03-31 3,395.19 396.61 323.19
2012-12-31 3,430.06 392.72 316.81
2012-09-30 3,384.15 386.87 307.51
2012-06-30 3,338.24 381.01 298.21
2012-03-31 3,123.98 353.26 277.37

*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.
  • Sitoy Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sitoy Group Holdings used its assets more efficiently than the DE Luxury industry average last year based on Return on Assets.
  • Sitoy Group Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sitoy Group 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.
Sitoy Group Holdings has a total score of 1/6, 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.

Health

 How is Sitoy Group 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 Sitoy Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sitoy Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sitoy Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sitoy Group 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 17.4x 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 Sitoy Group Holdings Company Filings, last reported 2 months ago.

DB:8SY Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,121.75 80.24 320.26
2018-09-30 2,121.75 80.24 320.26
2018-06-30 2,201.98 0.00 509.67
2018-03-31 2,201.98 0.00 509.67
2017-12-31 2,193.16 0.00 573.70
2017-09-30 2,193.16 0.00 573.70
2017-06-30 2,062.60 0.00 648.43
2017-03-31 2,062.60 0.00 648.43
2016-12-31 1,965.58 0.00 616.79
2016-09-30 1,965.58 0.00 616.79
2016-06-30 2,179.56 0.00 849.37
2016-03-31 2,179.56 0.00 849.37
2015-12-31 2,122.60 0.00 1,382.73
2015-09-30 2,122.60 0.00 1,382.73
2015-06-30 2,119.95 0.00 1,342.25
2015-03-31 2,119.95 0.00 1,342.25
2014-12-31 2,016.22 0.00 1,242.47
2014-09-30 2,016.22 0.00 1,242.47
2014-06-30 1,980.48 0.00 1,380.88
2014-03-31 1,980.48 0.00 1,380.88
2013-12-31 1,842.58 0.00 1,020.66
2013-09-30 1,842.58 0.00 1,020.66
2013-06-30 1,740.75 0.00 858.47
2013-03-31 1,740.75 0.00 858.47
2012-12-31 1,573.56 0.00 887.62
2012-09-30 1,573.56 0.00 887.62
2012-06-30 1,578.93 0.00 831.75
2012-03-31 1,578.93 0.00 831.75
  • Sitoy Group Holdings's level of debt (3.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 3.8% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Sitoy Group Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sitoy Group 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. Sitoy Group Holdings has a total score of 4/6, 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.

Dividends

 What is Sitoy Group 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
6.52%
Current annual income from Sitoy Group Holdings dividends.
If you bought €2,000 of Sitoy Group Holdings shares you are expected to receive €130 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?
  • Sitoy Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.49%).
  • Sitoy Group Holdings's dividend is above the markets top 25% of dividend payers in Germany (3.83%).
Upcoming dividend payment

Purchase Sitoy Group Holdings on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:8SY 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 0 Analyst Estimates (S&P Global) See Below
Germany Luxury Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

DB:8SY Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-02-25 0.120 6.356
2018-11-12 0.120 6.024
2018-02-26 0.120 6.132
2017-10-12 0.120 7.168
2017-09-18 0.120 7.251
2016-10-11 0.230 12.344
2016-09-19 0.230 7.658
2015-11-16 0.230 8.133
2014-11-17 0.280 5.939
2013-10-04 0.220 4.514
2013-09-16 0.220 5.798
2013-03-13 0.120 3.557
2013-02-25 0.120 3.189
2012-09-17 0.200 4.315

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

  • Sitoy Group Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Sitoy Group Holdings has only been paying a dividend for 7 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Sitoy Group Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sitoy Group 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 Sitoy Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sitoy Group Holdings has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Sitoy Group 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
Wo Fai Yeung
COMPENSATION HK$4,462,000
AGE 65
CEO Bio

Mr. Wo Fai Yeung serves as the Chief Executive Officer of Sitoy Group Holdings Limited. Mr. Yeung has been with Sitoy Group since 1974 and is responsible for the overall daily operations of its business. He is responsible for product development, marketing and administration of Sitoy Group. Mr. Yeung has over 35 years of experience in the handbag and leather goods industry and has focused on manufacturing luxury branded handbags and small leather goods for more than 10 years. From 1990 to 2000, Mr. Yeung was involved in legal proceedings with creditors stemming from amounts borrowed to finance personal real estate investments in Hong Kong. Mr. Yeung has been an Executive Director of Sitoy Group Holdings Limited since February 21, 2008 and is also one of Founders. Mr. Yeung serves as Director of each subsidiary of Sitoy Group.

CEO Compensation
  • Wo Fai's compensation has been consistent with company performance over the past year.
  • Wo Fai's remuneration is about average for companies of similar size in Germany.
Management Team

Michael Yeung

TITLE
Chairman
COMPENSATION
HK$5M
AGE
69

Wo Fai Yeung

TITLE
CEO & Executive Director
COMPENSATION
HK$4M
AGE
65

Charles Lau

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
HK$3M
AGE
62

Andrew Yeung

TITLE
Deputy GM & Executive Director
COMPENSATION
HK$3M
AGE
44
TENURE
1 yrs

Yuanbin Lin

TITLE
Head of the Creative Center
AGE
46

Xiaoli Huang

TITLE
Head of the Corporate Planning Department
AGE
45

Wai Ming Chung

TITLE
Financial Controller
AGE
60

Wee Hon Chin

TITLE
Group Financial Controller
TENURE
6.3 yrs
Board of Directors Tenure

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

7.3
Average Tenure
62
Average Age
  • The tenure for the Sitoy Group Holdings board of directors is about average.
Board of Directors

Michael Yeung

TITLE
Chairman
COMPENSATION
HK$5M
AGE
69

Wo Fai Yeung

TITLE
CEO & Executive Director
COMPENSATION
HK$4M
AGE
65
TENURE
11.1 yrs

Charles Lau

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
HK$3M
AGE
62
TENURE
1.8 yrs

Andrew Yeung

TITLE
Deputy GM & Executive Director
COMPENSATION
HK$3M
AGE
44
TENURE
7.8 yrs

Chi Yeung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$220K
AGE
49
TENURE
7.3 yrs

Hung Cheuk Lung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$220K
AGE
71
TENURE
7.3 yrs

Vincent Kwan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$220K
AGE
59
TENURE
7.3 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 (€)
06. Jul 18 Buy Wah Yeung Individual 06. Jul 18 06. Jul 18 2,000,000 €0.22 €434,005
04. Jul 18 Buy Wo Fai Yeung Individual 03. Jul 18 03. Jul 18 1,990,000 €0.18 €365,526
04. Jul 18 Buy Wah Yeung Individual 03. Jul 18 03. Jul 18 1,000,000 €0.19 €190,242
X
Management checks
We assess Sitoy Group 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. Sitoy Group 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.

News

Simply Wall St News

Company Info

Description

Sitoy Group Holdings Limited designs, researches, develops, manufactures, sells, and retails handbags, small leather goods, travel goods, and footwear products under the TUSCAN’S, Fashion & Joy, Kenneth Cole, and Cole Haan brands. It operates in three segments: Manufacturing, Retail, and Property investment. The company offers travel luggage and business accessories. It also trades in handbags, small leather goods, travel goods, and footwear products; provides advertising and marketing services; and invests in office spaces. The company offers its products in North America, Europe, Mainland China, Hong Kong, Macau, Taiwan, other Asian countries, and internationally. Sitoy Group Holdings Limited was founded in 1974 and is headquartered in Kwun Tong, Hong Kong.

Details
Name: Sitoy Group Holdings Limited
8SY
Exchange: DB
Founded: 1974
HK$197,537,210
956,910,000
Website: http://www.sitoy.com
Address: Sitoy Group Holdings Limited
Sitoy Tower,
9th Floor,
Kwun Tong,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1023 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 06. Dec 2011
DB 8SY Ordinary Shares Deutsche Boerse AG DE EUR 06. Dec 2011
Number of employees
Current staff
Staff numbers
8,100
Sitoy Group Holdings employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 21:39
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2019/02/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.