SEHK:713

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World Houseware (Holdings)

Executive Summary

World Houseware (Holdings) Limited, an investment holding company, manufactures and distributes household products, PVC pipes and fittings, and moulds in the People’s Republic of China and the United States. More Details

Risk Analysis

Does not have a meaningful market cap (HK$199M)



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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.9%

713

-6.3%

HK Building

-2.6%

HK Market


1 Year Return

-38.6%

713

59.1%

HK Building

-2.3%

HK Market

Return vs Industry: 713 underperformed the Hong Kong Building industry which returned 59.9% over the past year.

Return vs Market: 713 underperformed the Hong Kong Market which returned -1.5% over the past year.


Shareholder returns

713IndustryMarket
7 Day-1.9%-6.3%-2.6%
30 Day-8.9%-8.6%-7.3%
90 Day-8.9%26.8%-0.5%
1 Year-38.6%-38.6%63.5%59.1%1.8%-2.3%
3 Year-58.9%-58.9%68.2%55.4%-10.2%-20.1%
5 Year-66.0%-66.0%43.5%28.7%14.7%-4.9%

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

Valuation

Is World Houseware (Holdings) undervalued compared to its fair value and its price relative to the market?

0.12x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 713 (HK$0.26) is trading above our estimate of fair value (HK$0.11)

Significantly Below Fair Value: 713 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 713 is unprofitable, so we can't compare its PE Ratio to the HK 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 (0.5x).


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?

20.6%

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

Past Performance

How has World Houseware (Holdings) performed over the past 5 years?

39.9%

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 39.9% 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 (-17.5%).


Return on Equity

High ROE: 713 has a negative Return on Equity (-11.79%), 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$491.2M) exceed its short term liabilities (HK$468.8M).

Long Term Liabilities: 713's short term assets (HK$491.2M) exceed its long term liabilities (HK$441.7M).


Debt to Equity History and Analysis

Debt Level: 713's debt to equity ratio (13.1%) is considered satisfactory.

Reducing Debt: 713's debt to equity ratio has reduced from 45% to 13.1% over the past 5 years.

Debt Coverage: 713's debt is not well covered by operating cash flow (17.1%).

Interest Coverage: Insufficient data to determine if 713's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is World Houseware (Holdings) 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 recent payouts.

High Dividend: Unable to evaluate 713's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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?

22.3yrs

Average management tenure


CEO

Mei Po Fung (64 yo)

no data

Tenure

HK$3,448,000

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 ($USD444.90K) is above average for companies of similar size in the Hong Kong market ($USD230.00K).

Compensation vs Earnings: Mei Po's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Tat Hing Lee
Executive Chairman & MDno dataHK$6.61m42.37%
HK$ 84.2m
Mei Po Fung
Executive Vice Chairwoman & CEOno dataHK$3.45m7.6%
HK$ 15.1m
Chun Sing Lee
Executive Vice Chairman18.67yrsHK$3.45m3.64%
HK$ 7.2m
Kwok Sing Lee
Executive Director7.75yrsHK$2.27m0.32%
HK$ 645.1k
Cho Wai Leung
Financial Controller & Qualified Accountant13yrsno datano data
Fung Mei Lee
Senior Sales Manager31.67yrsno datano data
Sung Kong Wong
Chief Artist35.67yrsno datano data
Chi Yuen Tsui
Company Secretary13yrsno datano data

22.3yrs

Average Tenure

58yo

Average Age

Experienced Management: 713's management team is seasoned and experienced (22.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tat Hing Lee
Executive Chairman & MDno dataHK$6.61m42.37%
HK$ 84.2m
Mei Po Fung
Executive Vice Chairwoman & CEOno dataHK$3.45m7.6%
HK$ 15.1m
Chun Sing Lee
Executive Vice Chairman18.67yrsHK$3.45m3.64%
HK$ 7.2m
Kwok Sing Lee
Executive Director7.75yrsHK$2.27m0.32%
HK$ 645.1k
Tze Man Cheung
Non Executive Directorno dataHK$198.00k0.26%
HK$ 520.0k
Chi Kuen Hui
Independent Non-Executive Directorno dataHK$198.00k0.17%
HK$ 338.0k
Tak Kay Ho
Independent Non-Executive Directorno dataHK$198.00kno data
Chi Him Tsui
Independent Non-Executive Director12.83yrsHK$198.00k0.16%
HK$ 312.0k
Sze Ming Shang
Independent Non-Executive Director7.83yrsHK$198.00kno data

12.8yrs

Average Tenure

63yo

Average Age

Experienced Board: 713's board of directors are seasoned and experienced ( 12.8 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

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$198.723m
  • Shares outstanding: 764.32m
  • Website: https://www.worldhse.com

Number of Employees


Location

  • World Houseware (Holdings) Limited
  • Bold Win Industrial Building
  • Flat C, 18th Floor
  • Kwai Chung
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
713SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMay 1993
WHWR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 1993

Biography

World Houseware (Holdings) Limited, an investment holding company, manufactures and distributes household products, PVC pipes and fittings, and moulds in the People’s Republic of China and the United State ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/29 12:46
End of Day Share Price2020/09/29 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.