SJM Holdings Limited, an investment holding company, develops and operates casinos and related facilities in Macau, Hong Kong, and internationally.
Proven track record with adequate balance sheet and pays a dividend.
Share Price & News
How has SJM Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3MG has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 3MG exceeded the German Hospitality industry which returned -34.9% over the past year.
Return vs Market: 3MG underperformed the German Market which returned 2.5% over the past year.
Price Volatility Vs. Market
How volatile is SJM Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is SJM Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 3MG (€0.93) is trading above our estimate of fair value (€0.76)
Significantly Below Fair Value: 3MG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 3MG is good value based on its PE Ratio (14.9x) compared to the Hospitality industry average (20.5x).
PE vs Market: 3MG is good value based on its PE Ratio (14.9x) compared to the German market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: 3MG is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: 3MG is good value based on its PB Ratio (1.7x) compared to the DE Hospitality industry average (2x).
How is SJM Holdings forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3MG's forecast earnings growth (11.4% per year) is above the savings rate (0.2%).
Earnings vs Market: 3MG's earnings (11.4% per year) are forecast to grow slower than the German market (22.5% per year).
High Growth Earnings: 3MG's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3MG's revenue (14.1% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: 3MG's revenue (14.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3MG's Return on Equity is forecast to be low in 3 years time (11.4%).
How has SJM Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3MG has high quality earnings.
Growing Profit Margin: 3MG's current net profit margins (9.5%) are higher than last year (8.3%).
Past Earnings Growth Analysis
Earnings Trend: 3MG's earnings have declined by -11.8% per year over the past 5 years.
Accelerating Growth: 3MG's earnings growth over the past year (12.5%) exceeds its 5-year average (-11.8% per year).
Earnings vs Industry: 3MG earnings growth over the past year (12.5%) exceeded the Hospitality industry -15.6%.
Return on Equity
High ROE: 3MG's Return on Equity (11.3%) is considered low.
How is SJM Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 3MG's short term assets (HK$16.9B) exceed its short term liabilities (HK$12.6B).
Long Term Liabilities: 3MG's short term assets (HK$16.9B) exceed its long term liabilities (HK$15.8B).
Debt to Equity History and Analysis
Debt Level: 3MG's debt to equity ratio (53%) is considered high.
Reducing Debt: 3MG's debt to equity ratio has increased from 5.8% to 53% over the past 5 years.
Debt Coverage: 3MG's debt is well covered by operating cash flow (28.6%).
Interest Coverage: 3MG earns more interest than it pays, so coverage of interest payments is not a concern.
What is SJM Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3MG's dividend (3.55%) is higher than the bottom 25% of dividend payers in the German market (1.25%).
High Dividend: 3MG's dividend (3.55%) is low compared to the top 25% of dividend payers in the German market (3.84%).
Stability and Growth of Payments
Stable Dividend: 3MG's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3MG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53%), 3MG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3MG's dividends in 3 years are forecast to be covered by earnings (56.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ambrose So (69yo)
Dr. Shu Fai So, also known as Ambrose, has been the Chief Executive Officer of SJM Holdings Limited since 2002. Dr. So is responsible for execution of the SJM's strategy and the overall management of the S ...
|Executive Co-Chairman||2.08yrs||HK$18.20m||8.08% HK$442.4m|
|Executive Co-Chairman||2.08yrs||HK$5.30m||0.053% HK$2.9m|
|Executive Chairman||2.08yrs||HK$16.30m||0.026% HK$1.4m|
|Executive Vice Chairman & CEO||no data||HK$20.70m||2.71% HK$148.1m|
|Executive Director||13.5yrs||HK$3.70m||0.11% HK$5.8m|
|Executive Director||2.08yrs||HK$6.10m||0.036% HK$2.0m|
|Independent Non-Executive Director||13.5yrs||HK$1.20m||0.0088% HK$482.9k|
|Chairman Emeritus||2.08yrs||no data||no data|
|Independent Non-Executive Director||13.5yrs||HK$4.40m||0.0088% HK$482.9k|
|Non-Executive Director||14.5yrs||HK$13.80m||2.09% HK$114.4m|
Experienced Board: 3MG's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SJM Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: SJM Holdings Limited
- Ticker: 3MG
- Exchange: DB
- Founded: 2006
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: HK$47.946b
- Listing Market Cap: HK$5.475b
- Shares outstanding: 5.67b
- Website: https://www.sjmholdings.com
Number of Employees
- SJM Holdings Limited
- China Merchants Tower
- 18th Floor
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|880||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jul 2008|
|3MG||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2008|
|SJMH.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jul 2008|
|880||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jul 2008|
|880||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jul 2008|
|SJMH.Y||OTCPK (Pink Sheets LLC)||UNSPONSORD ADR||US||USD||Apr 2014|
SJM Holdings Limited, an investment holding company, develops and operates casinos and related facilities in Macau, Hong Kong, and internationally. It operates through Gaming Operations; and Hotel, Catering and Retail Operations segments. The Gaming Operations segment engages in the VIP gaming, mass market table gaming, slot machine, and other gaming operations, as well as operates satellite casinos. As of December 31, 2019, it operated 20 casinos comprising approximately 1,700 gaming tables and 2,400 slot machines. The Hotel, Catering and Retail Operations segment operates a hotel; and offers catering, retail, and related services. SJM Holdings Limited also provides marketing and promotion, property development, casino operations management, dredging, gaming promotion, human resources and project management, food and beverage, and hospitality services, as well as property and securities holding services. The company was incorporated in 2006 and is based in Central, Hong Kong. SJM Holdings Limited is a subsidiary of Sociedade de Turismo e Diversões de Macau, S.A.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/09 21:20|
|End of Day Share Price||2020/07/09 00:00|
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.