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Victory City International Holdings

DB:VI3
Snowflake Description

Fair value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VI3
DB
HK$552M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Victory City International Holdings Limited, an investment holding company, produces and sells knitted fabrics, dyed yarns, and garment products. The last earnings update was 154 days ago. More info.


Add to Portfolio Compare Print
  • Victory City International Holdings has significant price volatility in the past 3 months.
VI3 Share Price and Events
7 Day Returns
-1%
DB:VI3
3.2%
DE Luxury
-0.6%
DE Market
1 Year Returns
-1%
DB:VI3
25.2%
DE Luxury
-10.8%
DE Market
VI3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Victory City International Holdings (VI3) -1% -1% -1% -1% -78.9% -89%
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
  • VI3 underperformed the Luxury industry which returned 25.2% over the past year.
  • VI3 outperformed the Market in Germany which returned -10.8% over the past year.
Price Volatility
VI3
Industry
5yr Volatility vs Market

Value

 Is Victory City International 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
  • It is not possible to calculate the future cash flow value for Victory City International Holdings. This is due to cash flow or dividend data being unavailable. The share price is €0.0099.
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 Victory City International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Victory City International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:VI3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$0.06
SEHK:539 Share Price ** SEHK (2019-05-23) in HKD HK$0.07
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 Victory City International Holdings.

DB:VI3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:539 Share Price ÷ EPS (both in HKD)

= 0.07 ÷ 0.06

1.24x

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

  • Victory City International Holdings is good value based on earnings compared to the DE Luxury industry average.
  • Victory City International Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Victory City International Holdings's expected growth come at a high price?
Raw Data
DB:VI3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
18.9%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 .

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

  • Unable to calculate PEG ratio for Victory City International Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Victory City International Holdings's assets?
Raw Data
DB:VI3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$1.24
SEHK:539 Share Price * SEHK (2019-05-23) in HKD HK$0.07
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:VI3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:539 Share Price ÷ Book Value per Share (both in HKD)

= 0.07 ÷ 1.24

0.06x

* Primary Listing of Victory City International Holdings.

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

  • Victory City International Holdings is good value based on assets compared to the DE Luxury industry average.
X
Value checks
We assess Victory City International 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. Victory City International 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 Victory City International Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Victory City International 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
18.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Victory City International Holdings expected to grow at an attractive rate?
  • Victory City International Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Victory City International Holdings's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Victory City International Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:VI3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:VI3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 18.9%
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:VI3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 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:VI3 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 5,137 463 274
2018-06-30 5,049 343 302
2018-03-31 4,960 223 330
2017-12-31 4,957 59 286
2017-09-30 4,953 81 242
2017-06-30 4,946 60 189
2017-03-31 4,940 38 136
2016-12-31 4,844 17 161
2016-09-30 4,749 -4 186
2016-06-30 4,830 113 214
2016-03-31 4,911 231 242
2015-12-31 4,920 493 248

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Victory City International Holdings's earnings are expected to grow by 18.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Victory City International 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:VI3 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 0 Analyst Estimates (S&P Global) See Below

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

DB:VI3 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 0.06
2018-06-30 0.07
2018-03-31 0.08
2017-12-31 0.07
2017-09-30 0.06
2017-06-30 0.05
2017-03-31 0.04
2016-12-31 0.06
2016-09-30 0.08
2016-06-30 0.10
2016-03-31 0.12
2015-12-31 0.13

*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 Victory City International Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Victory City International 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.
Victory City International Holdings has a total score of 2/6, 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 Victory City International 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 Victory City International 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.
  • Victory City International Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Victory City International Holdings's 1-year earnings growth exceeds its 5-year average (13.5% vs -6.7%)
  • Victory City International Holdings's earnings growth has not exceeded the DE Luxury industry average in the past year (13.5% vs 21.4%).
Earnings and Revenue History
Victory City International 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 Victory City International Holdings Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VI3 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 5,137.34 274.32 526.55
2018-06-30 5,048.82 302.23 515.85
2018-03-31 4,960.30 330.13 505.15
2017-12-31 4,956.51 285.92 521.30
2017-09-30 4,952.73 241.70 537.46
2017-06-30 4,946.32 188.61 539.64
2017-03-31 4,939.90 135.53 541.82
2016-12-31 4,844.48 160.95 534.29
2016-09-30 4,749.06 186.37 526.76
2016-06-30 4,830.14 214.09 530.40
2016-03-31 4,911.22 241.81 534.04
2015-12-31 4,919.77 247.56 528.45
2015-09-30 4,928.32 253.30 522.87
2015-06-30 5,032.87 326.88 525.62
2015-03-31 5,137.42 400.46 528.36
2014-12-31 5,457.55 413.37 532.83
2014-09-30 5,777.69 426.28 537.30
2014-06-30 5,574.79 351.83 534.39
2014-03-31 5,371.88 277.39 531.47
2013-12-31 4,981.81 269.42 511.20
2013-09-30 4,591.74 261.46 490.92
2013-06-30 4,338.56 233.61 484.17
2013-03-31 4,085.37 205.77 477.43
2012-12-31 3,957.05 208.82 464.20
2012-09-30 3,828.73 211.87 450.97
2012-06-30 3,832.00 276.56 424.05

*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.
  • Victory City International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Victory City International Holdings used its assets less efficiently than the DE Luxury industry average last year based on Return on Assets.
  • Victory City International Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Victory City International 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.
Victory City International 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 Victory City International 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 Victory City International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Victory City International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Victory City International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Victory City International 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 1.4x 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 Victory City International Holdings Company Filings, last reported 7 months ago.

DB:VI3 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 6,267.61 5,482.39 2,798.87
2018-06-30 6,267.61 5,482.39 2,798.87
2018-03-31 6,973.94 5,548.71 2,802.13
2017-12-31 6,973.94 5,548.71 2,802.13
2017-09-30 6,307.01 5,397.60 3,170.61
2017-06-30 6,307.01 5,397.60 3,170.61
2017-03-31 5,757.26 5,056.15 2,743.54
2016-12-31 5,757.26 5,056.15 2,743.54
2016-09-30 5,656.98 4,691.12 2,751.96
2016-06-30 5,656.98 4,691.12 2,751.96
2016-03-31 5,614.60 4,370.25 2,112.78
2015-12-31 5,614.60 4,370.25 2,112.78
2015-09-30 5,518.81 3,813.40 2,560.01
2015-06-30 5,518.81 3,813.40 2,560.01
2015-03-31 5,514.09 3,828.76 2,005.14
2014-12-31 5,514.09 3,828.76 2,005.14
2014-09-30 5,375.48 3,742.36 2,084.99
2014-06-30 5,375.48 3,742.36 2,084.99
2014-03-31 5,232.93 3,290.45 1,302.03
2013-12-31 5,232.93 3,290.45 1,302.03
2013-09-30 5,058.50 2,729.02 1,915.03
2013-06-30 5,058.50 2,729.02 1,915.03
2013-03-31 4,911.20 2,802.32 1,692.92
2012-12-31 4,911.20 2,802.32 1,692.92
2012-09-30 4,696.35 2,548.53 1,745.62
2012-06-30 4,696.35 2,548.53 1,745.62
  • Victory City International Holdings's level of debt (87.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (54% vs 87.5% today).
  • Debt is not well covered by operating cash flow (8.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Victory City International 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. Victory City International Holdings has a total score of 2/6, 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 Victory City International 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
14.08%
Current annual income from Victory City International Holdings dividends.
If you bought €2,000 of Victory City International Holdings shares you are expected to receive €282 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?
  • Victory City International Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.42%).
  • Victory City International 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:VI3 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 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:VI3 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-07-30 0.010 9.392
2017-12-27 0.000 0.000
2017-11-28 0.000 0.000
2017-07-20 0.000 0.000
2017-06-28 0.000 0.000
2016-12-22 0.000 0.000
2016-11-29 0.000 0.000
2016-07-15 0.050 14.126
2016-06-28 0.050 12.810
2015-07-29 0.080 11.439
2014-12-29 0.100 8.242
2014-11-28 0.100 8.349
2014-06-30 0.080 7.249
2013-07-26 0.045 4.048
2013-06-28 0.045 4.152
2012-11-28 0.040 4.056
2012-06-28 0.050 6.430
2011-11-29 0.065 7.867
2011-06-28 0.070 7.560
2010-11-29 0.070 4.225
2010-07-15 0.080 4.497
2009-12-18 0.040 2.264
2009-07-16 0.000 0.000

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

  • Victory City International Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Victory City International Holdings has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Victory City International Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.7x 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 Victory City International 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 Victory City International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Victory City International 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 Victory City International 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
Tien Chen
COMPENSATION HK$10,062,000
AGE 69
CEO Bio

Mr. Tien Tui Chen is the Co-Founder of Victory City International Holdings Limited and serves as its Chief Executive Officer. Mr. Chen is responsible for the day-to-day operation in respect of production, sales and marketing of Victory City Group. He served as Managing Director at Victory City International Holdings Ltd. since 1996. Mr. Chen has over 33 years' experience in the textile industry. He has been an Executive Director of Victory City International Holdings since 1996. He served as an Independent Non-Executive Director at China Lilang Limited since June 13, 2008 until April 19, 2016. Mr. Chen serves as a Director at Pearl Garden Pacific Limited and Cornice Worldwide Limited. He served as a Non-Executive Director of Ford Glory Group Holdings Limited since September 8, 2010 until August 16, 2014.

CEO Compensation
  • Tien's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Tien's remuneration is higher than average for companies of similar size in Germany.
Management Team

Ming Li

TITLE
Chairman
COMPENSATION
HK$10M
AGE
67

Tien Chen

TITLE
CEO & Executive Director
COMPENSATION
HK$10M
AGE
69

Andy Lee

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
53

Lin Choi

TITLE
Executive Director
COMPENSATION
HK$4M
AGE
56

Chung Lee

TITLE
Financial Controller & Company Secretary
AGE
51

Wing Sy

TITLE
Sales Manager
AGE
64
Board of Directors Tenure

Average tenure and age of the Victory City International Holdings board of directors in years:

23.3
Average Tenure
67
Average Age
  • The average tenure for the Victory City International Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ming Li

TITLE
Chairman
COMPENSATION
HK$10M
AGE
67
TENURE
23.3 yrs

Tien Chen

TITLE
CEO & Executive Director
COMPENSATION
HK$10M
AGE
69
TENURE
23.3 yrs

Andy Lee

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
53
TENURE
18.3 yrs

Lin Choi

TITLE
Executive Director
COMPENSATION
HK$4M
AGE
56

Ka Kan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
67
TENURE
23.3 yrs

Andy Hung

TITLE
Independent Non Executive Director
COMPENSATION
HK$240K
AGE
70
TENURE
23.3 yrs

Sze Kwok

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
63
TENURE
13.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Victory City International Holdings insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
24. Apr 19 Buy Lin Choi Individual 18. Apr 19 18. Apr 19 1,875,000 €0.01 €20,837
24. Apr 19 Buy Phaisalakani Hung Individual 18. Apr 19 18. Apr 19 1,000,000 €0.01 €11,113
X
Management checks
We assess Victory City International 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. Victory City International 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

Victory City International Holdings Limited, an investment holding company, produces and sells knitted fabrics, dyed yarns, and garment products. The company provides fabric knitting, bleaching, dyeing, and finishing services, as well as related subcontracting services. Its fabric products include jersey, double knit, fleece, jacquard, lacoste, rib, striped, velour, and polarfleece products. In addition, the company engages in the provision of quality inspection and management services; trading of knitted fabrics, dyed yarns, and garment products and accessories; and chemical mixing activities. It has operation in Hong Kong, the People’s Republic of China, Bangladesh, the United States, Taiwan, South Korea, Singapore, Japan, Germany, Canada, and internationally. Victory City International Holdings Limited was founded in 1983 and is headquartered in Tuen Mun, Hong Kong.

Details
Name: Victory City International Holdings Limited
VI3
Exchange: DB
Founded: 1983
HK$62,932,231
7,769,119,810
Website: http://www.victorycity.com.hk
Address: Victory City International Holdings Limited
Winfield Industrial Building,
Unit D,
Tuen Mun,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 539 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 06. Sep 1996
DB VI3 Ordinary Shares Deutsche Boerse AG DE EUR 06. Sep 1996
Number of employees
Current staff
Staff numbers
6,610
Victory City International Holdings employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 21:10
End of day share price update: 2019/05/23 00:00
Last earnings filing: 2018/12/20
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.