World Houseware (Holdings)
Market Cap
HK$252.2m
Last Updated
2020/03/31 12:35 UTC
Data Sources
Company Financials
Executive Summary
World Houseware (Holdings) Limited, an investment holding company, manufactures and distributes household products, PVC pipes and fittings, and molds in the People’s Republic of China and the United States.
Risk Analysis
Snowflake Analysis
Adequate balance sheet and overvalued.
Share Price & News
How has World Houseware (Holdings)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 713's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.5%
713
8.7%
HK Building
5.3%
HK Market
1 Year Return
-42.1%
713
40.2%
HK Building
-20.4%
HK Market
Return vs Industry: 713 underperformed the Hong Kong Building industry which returned 38.3% over the past year.
Return vs Market: 713 underperformed the Hong Kong Market which returned -22.7% over the past year.
Shareholder returns
| 713 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.5% | 8.7% | 5.3% |
| 30 Day | -20.5% | -13.6% | -8.5% |
| 90 Day | -20.5% | -5.3% | -14.7% |
| 1 Year | -42.1%-42.1% | 45.2%40.2% | -17.6%-20.4% |
| 3 Year | -54.2%-54.2% | 8.0%0.4% | -2.5%-12.3% |
| 5 Year | -16.5%-16.5% | 23.2%11.7% | -5.7%-20.9% |
Price Volatility Vs. Market
How volatile is World Houseware (Holdings)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
What Type Of Shareholder Owns World Houseware (Holdings) Limited's (HKG:713)?2 months ago | Simply Wall St
We Wouldn't Rely On World Houseware (Holdings)'s (HKG:713) Statutory Earnings As A Guide4 months ago | Simply Wall St
What Kind Of Shareholders Own World Houseware (Holdings) Limited (HKG:713)?Valuation
Is World Houseware (Holdings) undervalued compared to its fair value and its price relative to the market?
0.15x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 713's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 713's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 713 is unprofitable, so we can't compare its PE Ratio to the Building industry average.
PE vs Market: 713 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 713's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 713 is good value based on its PB Ratio (0.1x) compared to the HK Building industry average (0.6x).
Next Steps
Future Growth
How is World Houseware (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
14.0%
Forecasted Capital Goods 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 World Houseware (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
- Examine World Houseware (Holdings)'s financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- World Houseware (Holdings) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has World Houseware (Holdings) performed over the past 5 years?
63.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 713 is currently unprofitable.
Growing Profit Margin: 713 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 713 is unprofitable, but has reduced losses over the past 5 years at a rate of 63.9% per year.
Accelerating Growth: Unable to compare 713's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 713 is unprofitable, making it difficult to compare its past year earnings growth to the Building industry (18.2%).
Return on Equity
High ROE: 713 has a negative Return on Equity (-5.7%), as it is currently unprofitable.
Next Steps
Financial Health
How is World Houseware (Holdings)'s financial position?
Financial Position Analysis
Short Term Liabilities: 713's short term assets (HK$546.3M) exceed its short term liabilities (HK$476.8M).
Long Term Liabilities: 713's short term assets (HK$546.3M) exceed its long term liabilities (HK$461.1M).
Debt to Equity History and Analysis
Debt Level: 713's debt to equity ratio (12.7%) is considered satisfactory.
Reducing Debt: 713's debt to equity ratio has reduced from 40.5% to 12.7% over the past 5 years.
Balance Sheet
Inventory Level: 713 has a high level of physical assets or inventory.
Debt Coverage by Assets: 713's debt is covered by short term assets (assets are 2.5x debt).
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: 713 has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: Insufficient data to determine if 713 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is World Houseware (Holdings)'s current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 713's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 713'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 713's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 713's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 713 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 713's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
21.8yrs
Average management tenure
CEO
Mei Po Fung (63yo)
no data
Tenure
HK$3,404,000
Compensation
Madam Mei Po Fung serves as the Chief Executive Officer of World Houseware Holdings Ltd. Madam Fung is in charge of sales of World Houseware Holdings Ltd.'s North American markets and the Groups Hong Kong ...
CEO Compensation Analysis
Compensation vs Market: Mei Po's total compensation ($USD439.00K) is above average for companies of similar size in the Hong Kong market ($USD232.34K).
Compensation vs Earnings: Mei Po's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & MD | no data | HK$76.69m | 42.37% HK$106.9m | |
| Vice Chairwoman & CEO | no data | HK$3.40m | 7.6% HK$19.2m | |
| Vice Chairman | 18.17yrs | HK$3.40m | 2.4% HK$6.0m | |
| Executive Director | no data | HK$667.00k | 0.035% HK$87.9k | |
| Executive Director | 7.25yrs | HK$2.34m | 0.32% HK$818.8k | |
| Financial Controller | 12.42yrs | no data | no data | |
| Senior Sales Manager | 31.17yrs | no data | no data | |
| Chief Artist | 35.17yrs | no data | no data | |
| Company Secretary | 12.42yrs | no data | no data |
21.8yrs
Average Tenure
58yo
Average Age
Experienced Management: 713's management team is seasoned and experienced (21.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & MD | no data | HK$76.69m | 42.37% HK$106.9m | |
| Vice Chairwoman & CEO | no data | HK$3.40m | 7.6% HK$19.2m | |
| Vice Chairman | 18.17yrs | HK$3.40m | 2.4% HK$6.0m | |
| Executive Director | no data | HK$667.00k | 0.035% HK$87.9k | |
| Executive Director | 7.25yrs | HK$2.34m | 0.32% HK$818.8k | |
| Non Executive Director | no data | HK$180.00k | 0.26% HK$660.0k | |
| Independent Non-Executive Director | no data | HK$180.00k | 0.17% HK$429.0k | |
| Independent Non-Executive Director | no data | HK$180.00k | no data | |
| Independent Non-Executive Director | 12.25yrs | HK$180.00k | 0.16% HK$396.0k | |
| Independent Non-Executive Director | 7.25yrs | HK$180.00k | no data |
12.3yrs
Average Tenure
62.5yo
Average Age
Experienced Board: 713's board of directors are seasoned and experienced ( 12.3 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
World Houseware (Holdings) Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: World Houseware (Holdings) Limited
- Ticker: 713
- Exchange: SEHK
- Founded: 1968
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: HK$252.225m
- Shares outstanding: 764.32m
- Website: https://www.worldhse.com
Number of Employees
Location
- World Houseware (Holdings) Limited
- Bold Win Industrial Building
- Flat C
- Kwai Chung
- New Territories
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 713 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | May 1993 |
| WHWR.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 1993 |
Biography
World Houseware (Holdings) Limited, an investment holding company, manufactures and distributes household products, PVC pipes and fittings, and molds in the People’s Republic of China and the United States. It is also involved in the feed production from food waste recycling business; property holding and investment activities; provision of transportation services; trade of building materials and supplies, and household products; and recycling and reborn resources related businesses. World Houseware (Holdings) Limited was founded in 1968 and is headquartered in Kwai Chung, Hong Kong.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 12:35 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.