BST:KRR

Stock Analysis Report

Karrie International Holdings

Executive Summary

Karrie International Holdings Limited, an investment holding company, provides metal and plastic products, and electronic manufacturing services (EMS) worldwide.

Rewards

PE ratio (9.5x) is below the German market (21.1x)

Earnings grew by 19% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Unstable dividend track record



Snowflake Analysis

Solid track record average dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: KRR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.6%

KRR

9.4%

DE Electronic

1.7%

DE Market


1 Year Return

14.0%

KRR

13.9%

DE Electronic

15.0%

DE Market

Return vs Industry: KRR matched the German Electronic industry which returned 13.9% over the past year.

Return vs Market: KRR matched the German Market which returned 15% over the past year.


Shareholder returns

KRRIndustryMarket
7 Day6.6%9.4%1.7%
30 Day0.8%8.4%0.8%
90 Day10.2%7.4%3.7%
1 Year24.8%14.0%16.4%13.9%18.5%15.0%
3 Year94.4%51.2%55.2%50.0%17.1%6.9%
5 Year758.3%441.7%122.9%106.8%24.3%7.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Karrie International Holdings undervalued compared to its fair value and its price relative to the market?

9.49x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KRR (€0.13) is trading above our estimate of fair value (€0.13)

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


Price To Earnings Ratio

PE vs Industry: KRR is good value based on its PE Ratio (9.5x) compared to the Electronic industry average (33.7x).

PE vs Market: KRR is good value based on its PE Ratio (9.5x) compared to the German market (21.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KRR is overvalued based on its PB Ratio (2.1x) compared to the DE Electronic industry average (1.8x).


Next Steps

Future Growth

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

16.4%

Forecasted Tech 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 Karrie International 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 Karrie International Holdings performed over the past 5 years?

25.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KRR has high quality earnings.

Growing Profit Margin: KRR's current net profit margins (8.9%) are higher than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: KRR's earnings have grown significantly by 25.3% per year over the past 5 years.

Accelerating Growth: KRR's earnings growth over the past year (19%) is below its 5-year average (25.3% per year).

Earnings vs Industry: KRR earnings growth over the past year (19%) exceeded the Electronic industry -3.9%.


Return on Equity

High ROE: KRR's Return on Equity (22.2%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Karrie International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: KRR's short term assets (HK$1.9B) exceed its short term liabilities (HK$946.7M).

Long Term Liabilities: KRR's short term assets (HK$1.9B) exceed its long term liabilities (HK$648.5M).


Debt to Equity History and Analysis

Debt Level: KRR's debt to equity ratio (63.9%) is considered high.

Reducing Debt: KRR's debt to equity ratio has increased from 43.3% to 63.9% over the past 5 years.

Debt Coverage: KRR's debt is not well covered by operating cash flow (19.9%).

Interest Coverage: KRR's interest payments on its debt are well covered by EBIT (17.7x coverage).


Balance Sheet

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

Debt Coverage by Assets: KRR's debt is covered by short term assets (assets are 2.6x debt).


Next Steps

Dividend

What is Karrie International Holdings's current dividend yield, its reliability and sustainability?

7.63%

Current Dividend Yield


Dividend Yield vs Market

company7.6%marketbottom25%1.3%markettop25%3.6%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: KRR's dividend (7.63%) is higher than the bottom 25% of dividend payers in the German market (1.31%).

High Dividend: KRR's dividend (7.63%) is in the top 25% of dividend payers in the German market (3.59%)


Stability and Growth of Payments

Stable Dividend: KRR's dividend payments have been volatile in the past 10 years.

Growing Dividend: KRR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (72.4%), KRR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

6.8yrs

Average management tenure


CEO

Cheuk Ho (73yo)

HK$7,231,000

Compensation

Mr. Cheuk Fai Ho co-founded Karrie International Holdings Ltd. in 1980 and serves as its Chairman and Chief Executive Officer. Mr. Ho is responsible for Karrie International Holdingss overall corporate str ...


CEO Compensation Analysis

Compensation vs Market: Cheuk's total compensation ($USD930.99K) is about average for companies of similar size in the German market ($USD801.26K).

Compensation vs Earnings: Cheuk's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Cheuk Ho
Co-Founder0yrsHK$7.23m13.98% HK$39.1m
Ming Chan
GM of Human Resources & Administration and Executive Director9.3yrsHK$2.19m0.15% HK$420.4k
Shui Chan
Executive GM of Marketing & Executive Director3.7yrsHK$2.48m0.050% HK$140.1k
Kai Zhao
GM & Executive Director7.3yrsHK$2.90m0.24% HK$672.6k
Po Ho
Co-Founder & Director of Administration40.1yrsno data5.53% HK$15.5m
Wai Hin Choi
Chief Financial Officer0yrsno datano data
Florence Tsang
Head of Resource Development0yrsno datano data
Wing Fai Tang
Company Secretary4.1yrsno datano data

6.8yrs

Average Tenure

49.5yo

Average Age

Experienced Management: KRR's management team is seasoned and experienced (6.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Cheuk Ho
Co-Founder0yrsHK$7.23m13.98% HK$39.1m
Ming Chan
GM of Human Resources & Administration and Executive Director9.3yrsHK$2.19m0.15% HK$420.4k
Shui Chan
Executive GM of Marketing & Executive Director3.7yrsHK$2.48m0.050% HK$140.1k
Kai Zhao
GM & Executive Director7.3yrsHK$2.90m0.24% HK$672.6k
Wai So
Independent Non-Executive Director18.6yrsHK$110.00kno data
Cheuk Ho
Deputy Chairman8.8yrsHK$250.00k0.57% HK$1.6m
Hoi Fong
Independent Non-Executive Director15.2yrsHK$110.00kno data
Kai Ho
Non-Executive Director7.6yrsHK$610.00kno data
Chung Yam
Independent Non-Executive Director0yrsHK$134.00k0.025% HK$70.1k

8.8yrs

Average Tenure

55yo

Average Age

Experienced Board: KRR's board of directors are considered experienced (8.8 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

Karrie International Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Karrie International Holdings Limited
  • Ticker: KRR
  • Exchange: BST
  • Founded: 1980
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: HK$2.353b
  • Listing Market Cap: HK$279.379m
  • Shares outstanding: 1.99b
  • Website: https://www.karrie.com

Number of Employees


Location

  • Karrie International Holdings Limited
  • Southeast Industrial Building
  • 9th Floor
  • Tsuen Wan
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1050SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 1996
KRRBST (Boerse-Stuttgart)YesOrdinary SharesDEEURDec 1996

Biography

Karrie International Holdings Limited, an investment holding company, provides metal and plastic products, and electronic manufacturing services (EMS) worldwide. It operates in three segments: Metal and Plastic Business; EMS Business; and Real Estate Business. The Metal and Plastic Business segment manufactures and sells metal and plastic products, including server casings, molds, plastic and metal parts, and household products. The EMS Business segment manufactures and sells magnetic tape data storage products, point-of-sale systems, medical products, office automation products, and other computer peripherals. The Real Estate Business segment engages in urban renewal, real estate project investment, property leasing, and development operations. The company also engages in the sale of visual accessories and metal stamping dies; and property holding, trading, and management operations. Karrie International Holdings Limited was founded in 1980 and is headquartered in Tsuen Wan, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 21:50
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.