DB:MRU3

Stock Analysis Report

Executive Summary

Rich Goldman Holdings Limited, an investment holding company, engages in the gaming and entertainment related business in Macau.


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

How has Rich Goldman Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MRU3's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

23.8%

MRU3

-4.8%

DE Hospitality

-0.9%

DE Market


1 Year Return

-45.8%

MRU3

3.3%

DE Hospitality

12.8%

DE Market

Return vs Industry: MRU3 underperformed the German Hospitality industry which returned 3.3% over the past year.

Return vs Market: MRU3 underperformed the German Market which returned 12.8% over the past year.


Shareholder returns

MRU3IndustryMarket
7 Day23.8%-4.8%-0.9%
30 Day0%1.6%-0.4%
90 Day23.8%-15.2%2.3%
1 Year-45.8%-45.8%7.8%3.3%16.3%12.8%
3 Year-58.1%-58.1%-9.6%-22.0%15.8%5.7%
5 Year-81.1%-81.4%-12.3%-30.9%19.7%3.3%

Price Volatility Vs. Market

How volatile is Rich Goldman Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Rich Goldman Holdings undervalued compared to its fair value and its price relative to the market?

2.62x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MRU3 (€0.01) is trading above our estimate of fair value (€0.01)

Significantly Below Fair Value: MRU3 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MRU3 is good value based on its PE Ratio (2.6x) compared to the Hospitality industry average (25.5x).

PE vs Market: MRU3 is good value based on its PE Ratio (2.6x) compared to the German market (21x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MRU3's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MRU3 is good value based on its PB Ratio (0.1x) compared to the DE Hospitality industry average (2.3x).


Next Steps

Future Growth

How is Rich Goldman Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.9%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rich Goldman Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Rich Goldman Holdings performed over the past 5 years?

38.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MRU3 has a large one-off gain of HK$52.3M impacting its June 30 2019 financial results.

Growing Profit Margin: MRU3's current net profit margins (35.5%) are higher than last year (29.9%).


Past Earnings Growth Analysis

Earnings Trend: MRU3 has become profitable over the past 5 years, growing earnings by 38.4% per year.

Accelerating Growth: MRU3's earnings growth over the past year (9.2%) is below its 5-year average (38.4% per year).

Earnings vs Industry: MRU3 earnings growth over the past year (9.2%) exceeded the Hospitality industry -36.8%.


Return on Equity

High ROE: MRU3's Return on Equity (7.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Rich Goldman Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: MRU3's short term assets (HK$272.0M) exceed its short term liabilities (HK$11.9M).

Long Term Liabilities: MRU3 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MRU3 is debt free.

Reducing Debt: MRU3 has no debt compared to 5 years ago when its debt to equity ratio was 0.7%.


Balance Sheet

Inventory Level: MRU3 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MRU3's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MRU3 is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: MRU3 is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.6%industryaverage5.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate MRU3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MRU3's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MRU3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MRU3's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MRU3's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.6yrs

Average board tenure


CEO

Rich Goldman Holdings has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Chuen Chow Lin
COO & Executive Chairman0.6yrsHK$680.00kno data
Wai Yin So
Executive Director1.5yrsHK$728.76kno data
Fu Wing Yue
Independent Non-Executive Director15.1yrsHK$60.00kno data
Yat Hung Cheung
Independent Non-Executive Director12.7yrsHK$60.00kno data
Nicholas John Niglio
Non Executive Director12.4yrsHK$477.00kno data
Hoi Ching Yeung
Independent Non-Executive Director2.8yrsHK$60.00kno data

7.6yrs

Average Tenure

47.5yo

Average Age

Experienced Board: MRU3's board of directors are considered experienced (7.6 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Rich Goldman Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Rich Goldman Holdings Limited
  • Ticker: MRU3
  • Exchange: DB
  • Founded:
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: HK$312.150m
  • Listing Market Cap: HK$36.900m
  • Shares outstanding: 1.94b
  • Website: https://www.richgoldman.com.hk

Number of Employees


Location

  • Rich Goldman Holdings Limited
  • West Tower
  • Room 1807, 18th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
70SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 1992
MRU3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 1992

Biography

Rich Goldman Holdings Limited, an investment holding company, engages in the gaming and entertainment related business in Macau. It is also involved in the money lending activities; hotel operations; and property leasing business. The company was formerly known as Neptune Group Limited and changed its name to Rich Goldman Holdings Limited in September 2017. Rich Goldman Holdings Limited is headquartered in Central, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 22:11
End of Day Share Price2020/02/21 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.