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Modern Beauty Salon Holdings

DB:M3L
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
M3L
DB
HK$165M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Modern Beauty Salon Holdings Limited, an investment holding company, provides beauty and wellness services in Hong Kong, Mainland China, Singapore, Malaysia, Taiwan, and Australia. The last earnings update was 185 days ago. More info.


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M3L Share Price and Events
7 Day Returns
0%
DB:M3L
2%
Europe Consumer Services
1.6%
DE Market
1 Year Returns
-33.9%
DB:M3L
-10.3%
Europe Consumer Services
-7.4%
DE Market
M3L Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Modern Beauty Salon Holdings (M3L) 0% -5% -5% -33.9% -66.2% -71.9%
Europe Consumer Services 2% 4% 6% -10.3% -43.9% -50.5%
DE Market 1.6% 1.5% 3% -7.4% 14.7% 9.4%
1 Year Return vs Industry and Market
  • M3L underperformed the Consumer Services industry which returned -10.3% over the past year.
  • M3L underperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
M3L
Industry
5yr Volatility vs Market

Value

 Is Modern Beauty Salon 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 Modern Beauty Salon Holdings. This is due to cash flow or dividend data being unavailable. The share price is €0.0152.
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 Modern Beauty Salon Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Modern Beauty Salon Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:M3L PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$-0.03
SEHK:919 Share Price ** SEHK (2019-06-24) in HKD HK$0.18
Europe Consumer Services Industry PE Ratio Median Figure of 10 Publicly-Listed Consumer Services Companies 18.35x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 20.07x

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

** Primary Listing of Modern Beauty Salon Holdings.

DB:M3L PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:919 Share Price ÷ EPS (both in HKD)

= 0.18 ÷ -0.03

-5.2x

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

  • Modern Beauty Salon Holdings is loss making, we can't compare its value to the Europe Consumer Services industry average.
  • Modern Beauty Salon Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Modern Beauty Salon Holdings's expected growth come at a high price?
Raw Data
DB:M3L PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
31.5%per year
Europe Consumer Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Services Companies 1.26x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.46x

*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 Modern Beauty Salon Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Modern Beauty Salon Holdings's assets?
Raw Data
DB:M3L PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$0.20
SEHK:919 Share Price * SEHK (2019-06-24) in HKD HK$0.18
Europe Consumer Services Industry PB Ratio Median Figure of 18 Publicly-Listed Consumer Services Companies 2.15x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:M3L PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:919 Share Price ÷ Book Value per Share (both in HKD)

= 0.18 ÷ 0.20

0.9x

* Primary Listing of Modern Beauty Salon Holdings.

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

  • Modern Beauty Salon Holdings is good value based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess Modern Beauty Salon 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 Consumer Services 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 Consumer Services industry average (and greater than 0)? (1 check)
  5. Modern Beauty Salon Holdings has a total score of 1/6, 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 Modern Beauty Salon Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Modern Beauty Salon 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
31.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Modern Beauty Salon Holdings expected to grow at an attractive rate?
  • Modern Beauty Salon Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Modern Beauty Salon Holdings's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Modern Beauty Salon Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:M3L Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:M3L Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 31.5%
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 13.7%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:M3L Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 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:M3L Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:M3L Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 571 -5 -32
2018-06-30 585 -16 -27
2018-03-31 599 -26 -23
2017-12-31 622 -3
2017-09-30 646 -51 16
2017-06-30 670 -44 25
2017-03-31 693 -37 33
2016-12-31 714 27
2016-09-30 735 14 20
2016-06-30 756 15 15
2016-03-31 777 15 10
2015-12-31 798 12 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Modern Beauty Salon Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Modern Beauty Salon 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:M3L Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Modern Beauty Salon Holdings Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:M3L Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:M3L Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 -0.03
2018-06-30 -0.03
2018-03-31 -0.03
2017-12-31 0.00
2017-09-30 0.02
2017-06-30 0.03
2017-03-31 0.04
2016-12-31 0.03
2016-09-30 0.02
2016-06-30 0.02
2016-03-31 0.01
2015-12-31 0.02

*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 Modern Beauty Salon Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Modern Beauty Salon 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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Modern Beauty Salon 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.

Past Performance

  How has Modern Beauty Salon Holdings performed over the past 5 years?

  • Modern Beauty Salon Holdings's last earnings update was 185 days ago.
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 Modern Beauty Salon Holdings's growth in the last year to its industry (Consumer Services).
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.
  • Modern Beauty Salon Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Modern Beauty Salon Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Modern Beauty Salon Holdings's 1-year growth to the Europe Consumer Services industry average as it is not currently profitable.
Earnings and Revenue History
Modern Beauty Salon 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 Modern Beauty Salon Holdings Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:M3L Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 570.53 -31.64 145.51
2018-06-30 584.77 -27.25 149.82
2018-03-31 599.02 -22.86 154.13
2017-12-31 622.49 -3.46 155.95
2017-09-30 645.97 15.94 157.77
2017-06-30 669.63 24.60 159.47
2017-03-31 693.28 33.26 161.16
2016-12-31 713.95 26.79 164.73
2016-09-30 734.62 20.32 168.30
2016-06-30 755.71 15.34 172.98
2016-03-31 776.81 10.37 177.65
2015-12-31 797.70 20.84 181.13
2015-09-30 819.15 29.02 184.60
2015-06-30 846.69 48.93 186.20
2015-03-31 874.24 68.85 187.79
2014-12-31 883.88 66.31 189.26
2014-09-30 893.53 63.78 190.74
2014-06-30 881.17 59.31 190.20
2014-03-31 868.81 54.84 189.67
2013-12-31 787.40 -2.91 191.26
2013-09-30 705.99 -60.65 192.85
2013-06-30 707.05 -57.04 190.21
2013-03-31 708.12 -53.43 187.56
2012-12-31 764.50 18.64 173.86
2012-09-30 820.87 90.72 160.15
2012-06-30 789.35 86.43 150.78

*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.
  • It is difficult to establish if Modern Beauty Salon Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Modern Beauty Salon Holdings has efficiently used its assets last year compared to the Europe Consumer Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Modern Beauty Salon Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Modern Beauty Salon 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 Consumer Services 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.
Modern Beauty Salon Holdings has a total score of 0/6, 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 Modern Beauty Salon 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 Modern Beauty Salon Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Modern Beauty Salon Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Modern Beauty Salon Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Modern Beauty Salon 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.
  • Low level of unsold assets.
  • Modern Beauty Salon Holdings has no debt, it does not need to be covered by short term assets.
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 Modern Beauty Salon Holdings Company Filings, last reported 8 months ago.

DB:M3L Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 188.13 0.00 173.00
2018-06-30 188.13 0.00 173.00
2018-03-31 88.43 0.00 187.24
2017-12-31 88.43 0.00 187.24
2017-09-30 111.18 0.00 209.41
2017-06-30 111.18 0.00 209.41
2017-03-31 125.44 0.00 249.84
2016-12-31 125.44 0.00 249.84
2016-09-30 176.42 0.71 354.34
2016-06-30 176.42 0.71 354.34
2016-03-31 72.97 91.41 366.65
2015-12-31 161.87 2.50 366.65
2015-09-30 157.83 2.42 375.27
2015-06-30 157.83 2.42 375.27
2015-03-31 171.17 4.13 397.25
2014-12-31 171.17 4.13 397.25
2014-09-30 174.42 3.98 448.63
2014-06-30 174.42 3.98 448.63
2014-03-31 145.31 5.63 440.85
2013-12-31 145.31 5.63 440.85
2013-09-30 148.58 5.41 488.57
2013-06-30 148.58 5.41 488.57
2013-03-31 145.44 7.00 481.25
2012-12-31 145.44 7.00 481.25
2012-09-30 278.07 6.71 426.59
2012-06-30 278.07 6.71 426.59
  • Modern Beauty Salon Holdings has no debt.
  • Modern Beauty Salon Holdings has no debt compared to 5 years ago when it was 3.6%.
  • Modern Beauty Salon Holdings has no debt, it does not need to be covered by operating cash flow.
  • Modern Beauty Salon Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Modern Beauty Salon 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. Modern Beauty Salon Holdings has a total score of 6/6, 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 Modern Beauty Salon 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
0%
Current annual income from Modern Beauty Salon Holdings dividends.
If you bought €2,000 of Modern Beauty Salon Holdings shares you are expected to receive €0 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?
  • Unable to evaluate Modern Beauty Salon Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Modern Beauty Salon Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:M3L 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
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 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 3.9%

Industry and Market average data is calculated daily.

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

DB:M3L Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
DB:M3L Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-12-21 0.000 0.000
2018-11-29 0.000 0.000
2018-07-24 0.000 0.000
2018-06-27 0.000 0.000
2017-12-21 0.000 0.000
2017-11-27 0.000 0.000
2017-07-25 0.025 7.184
2017-06-29 0.025 6.753
2017-06-28 0.025 6.579
2016-08-26 0.010 2.610
2015-07-24 0.055 11.448
2015-06-26 0.055 8.067
2014-07-29 0.040 6.388
2014-06-30 0.040 7.272
2013-12-27 0.050 8.512
2013-11-25 0.050 8.282
2013-07-30 0.000 0.000
2013-06-26 0.000 0.000
2012-11-21 0.073 9.885
2012-06-27 0.085 9.380
2011-12-09 0.068 6.591
2011-11-23 0.068 8.683
2011-07-18 0.058 7.908
2010-11-25 0.028 3.109
2010-07-26 0.000 0.000
2009-12-28 0.000 0.000
2009-12-17 0.000 0.000
2009-07-23 0.000 0.000
2009-07-17 0.000 0.000

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

  • Unable to perform a dividend volatility check as Modern Beauty Salon Holdings has not reported any payouts.
  • Unable to verify if Modern Beauty Salon Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Modern Beauty Salon Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Modern Beauty Salon Holdings has not reported any payouts.
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 Modern Beauty Salon 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 Modern Beauty Salon Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Modern Beauty Salon Holdings has a total score of 0/6, 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 Modern Beauty Salon 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
Joyce Tsang
COMPENSATION HK$10,609,000
AGE 57
TENURE AS CEO 9.2 years
CEO Bio

Dr. Yue Tsang, also known as Joyce, is Founder of Modern Beauty Salon Holdings Limited and has been its Chairperson and Chief Executive Officer since April 16, 2010. Dr. Tsang is responsible for overall management, strategic planning and development, as well as formulation of policies and business strategy. Dr. Tsang is a veteran in the beauty and healthcare industry and has profound industry understanding and distinctive know how to originate and capitalize on the trends and changes seen in the market. She has wealth of knowledge of the business and corporate management. She started business from a small store dated back 20 years ago. She has been Executive Director of Modern Beauty Salon Holdings Limited since April 16, 2010. She served as an Executive Director of Modern Beauty Salon Holdings Limited from September 26, 2005 to November 26, 2008. Dr. Tsang has made significant contribution to the local community in leading the Group to participate in charitable and fund-raising activities in Hong Kong. She is a Fellow of the Hong Kong Institute of Directors. She is the Honorary Fellow of The Professional Valuation Centre of Hong Kong. She holds a Doctorate in Business Administration (Honoris Causa) from International American University.

CEO Compensation
  • Joyce's compensation has increased whilst company is loss making.
  • Joyce's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Modern Beauty Salon Holdings management team in years:

8.1
Average Tenure
46
Average Age
  • The average tenure for the Modern Beauty Salon Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Joyce Tsang

TITLE
Founder
COMPENSATION
HK$11M
AGE
57
TENURE
9.2 yrs

Ella Yeung

TITLE
Financial Controller & Executive Director
COMPENSATION
HK$834K
AGE
44

Kai Yip

TITLE
CTO & Executive Director
COMPENSATION
HK$709K
AGE
44

Lai Ip

TITLE
Operation Manager of Customer Service
AGE
46

Soo Lee

TITLE
Chief Administrative Officer
COMPENSATION
HK$2M
AGE
43
TENURE
7.3 yrs

Hon Wa Hui

TITLE
Legal Counsel
AGE
53

Shu Wong

TITLE
Company Secretary
COMPENSATION
HK$596K
AGE
51
TENURE
8.1 yrs
Board of Directors Tenure

Average tenure and age of the Modern Beauty Salon Holdings board of directors in years:

9.5
Average Tenure
56
Average Age
  • The tenure for the Modern Beauty Salon Holdings board of directors is about average.
Board of Directors

Joyce Tsang

TITLE
Founder
COMPENSATION
HK$11M
AGE
57
TENURE
9.2 yrs

Ella Yeung

TITLE
Financial Controller & Executive Director
COMPENSATION
HK$834K
AGE
44
TENURE
6.5 yrs

Kai Yip

TITLE
CTO & Executive Director
COMPENSATION
HK$709K
AGE
44
TENURE
13.8 yrs

Rhoda Liu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$324K
AGE
56
TENURE
9.5 yrs

Raymond Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$264K
AGE
52
TENURE
9.5 yrs

Martin Hong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$264K
AGE
68
TENURE
9.5 yrs

Tak Leung Lam

TITLE
Independent Non-Executive Director
COMPENSATION
HK$264K
AGE
64
TENURE
6.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Modern Beauty Salon 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. Modern Beauty Salon 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

Modern Beauty Salon Holdings Limited, an investment holding company, provides beauty and wellness services in Hong Kong, Mainland China, Singapore, Malaysia, Taiwan, and Australia. The company operates through two segments, Beauty and Wellness Services; and Skincare and Wellness Products. It offers beauty and facial services; aesthetics services, such as skincare treatment, professional consultation, and referral services on plastic reconstruction; slimming services, including weight management programs; and spa and massage services comprising resplendent bathroom furnishings and a hydrotherapeutic pool, and spa treatment sets, as well as foot spa, foot treatment, and foot massage services. The company also sells skincare and wellness products under the be, FERRECARE, p.e.n, Y.U.E., Advanced Natural, Bioline, Malu Wilz, BeYu, Fanola, Byothea, Mila d’Opiz, and CARE PLUS+ brand names. In addition, it provides franchise and trademark services in relation to beautification and gymnastic services; advertising services; management services; and beauty consultancy, marketing, and management services, as well as leases properties, and plant and equipment. As of March 31, 2018, the company had 29 service centers in Hong Kong; 6 service centers in Mainland China; 11 service centers in Singapore; 1 service center in Malaysia; and 2 service centers in Taiwan, as well as 12 be Beauty Shop outlets and 1 p.e.n shop. Modern Beauty Salon Holdings Limited was founded in 1986 and is headquartered in Kowloon Bay, Hong Kong.

Details
Name: Modern Beauty Salon Holdings Limited
M3L
Exchange: DB
Founded: 1986
HK$18,492,256
904,483,942
Website: http://www.modernbeautysalon.com
Address: Modern Beauty Salon Holdings Limited
Sino Industrial Plaza,
6th Floor,
Kowloon Bay,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 919 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 09. Feb 2006
DB M3L Ordinary Shares Deutsche Boerse AG DE EUR 09. Feb 2006
Number of employees
Current staff
Staff numbers
1,222
Modern Beauty Salon Holdings employees.
Industry
Specialized Consumer Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 20:54
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2017/07/25
Last earnings filing: 2018/12/21
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.