SEHK:822

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Ka Shui International Holdings

Executive Summary

Ka Shui International Holdings Limited, an investment holding company, manufactures and sells zinc, magnesium, and aluminum alloy die casting products and components.


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 822 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

8.5%

822

6.1%

HK Machinery

4.1%

HK Market


1 Year Return

-34.7%

822

13.9%

HK Machinery

-4.7%

HK Market

Return vs Industry: 822 underperformed the Hong Kong Machinery industry which returned 13.9% over the past year.

Return vs Market: 822 underperformed the Hong Kong Market which returned -4.7% over the past year.


Shareholder returns

822IndustryMarket
7 Day8.5%6.1%4.1%
30 Day1.6%6.4%4.2%
90 Day6.7%30.3%11.7%
1 Year-30.5%-34.7%17.3%13.9%-1.2%-4.7%
3 Year-28.7%-38.5%50.6%39.9%7.7%-3.5%
5 Year-54.0%-61.0%68.5%53.7%7.2%-10.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 822 (HK$0.32) is trading below our estimate of fair value (HK$0.91)

Significantly Below Fair Value: 822 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 822 is good value based on its PE Ratio (3.2x) compared to the Machinery industry average (11.9x).

PE vs Market: 822 is good value based on its PE Ratio (3.2x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 822's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 822 is good value based on its PB Ratio (0.3x) compared to the HK Machinery industry average (0.9x).


Next Steps

Future Growth

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

7.5%

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 Ka Shui 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 Ka Shui International Holdings performed over the past 5 years?

25.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 822 has high quality earnings.

Growing Profit Margin: 822's current net profit margins (5.7%) are lower than last year (6.1%).


Past Earnings Growth Analysis

Earnings Trend: 822's earnings have grown significantly by 25.1% per year over the past 5 years.

Accelerating Growth: 822's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 822 had negative earnings growth (-21.9%) over the past year, making it difficult to compare to the Machinery industry average (-8.7%).


Return on Equity

High ROE: 822's Return on Equity (8.6%) is considered low.


Next Steps

Financial Health

How is Ka Shui International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 822's short term assets (HK$889.1M) exceed its short term liabilities (HK$537.2M).

Long Term Liabilities: 822's short term assets (HK$889.1M) exceed its long term liabilities (HK$90.3M).


Debt to Equity History and Analysis

Debt Level: 822's debt to equity ratio (25.7%) is considered satisfactory.

Reducing Debt: 822's debt to equity ratio has reduced from 64.9% to 25.7% over the past 5 years.

Debt Coverage: 822's debt is well covered by operating cash flow (61.5%).

Interest Coverage: 822's interest payments on its debt are well covered by EBIT (11.2x coverage).


Balance Sheet


Next Steps

Dividend

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

6.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 822's dividend (6.25%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.35%).

High Dividend: 822's dividend (6.25%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.69%).


Stability and Growth of Payments

Stable Dividend: 822's dividend payments have been volatile in the past 10 years.

Growing Dividend: 822's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.2%), 822's dividend payments are well 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?

5.8yrs

Average management tenure


CEO

Godfrey Leung (56yo)

1

Tenure

HK$835,000

Compensation

Mr. King Kwok Leung, also known as Godfrey, SBS, serves as Chief Executive Officer of Ka Shui International Holdings Limited since July 23, 2019. He previously worked as a Manager in various departments wi ...


CEO Compensation Analysis

Compensation vs Market: Godfrey's total compensation ($USD107.74K) is below average for companies of similar size in the Hong Kong market ($USD226.42K).

Compensation vs Earnings: Insufficient data to compare Godfrey's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Yuen Fat Lee
Founder & Chairmanno dataHK$3.48m68.02% HK$194.6m
King Kwok Leung
Chief Executive Officer1yrHK$835.00kno data
Wing Chuen Wong
Vice Chairman & Director of Manufacturing3.5yrsHK$1.88m1.24% HK$3.5m
So Wah Chan
Director of Planning & Management and Executive Director1.25yrsHK$1.05mno data
Hin Lo
Director of Finance & Corporate Strategyno datano datano data
Shu Kwan Wan
Chief Operating Officerno datano datano data
Kwok Keung Lee
Chief Technology Officerno datano datano data
Suk Yee Yam
Company Secretary7.25yrsno datano data
Chan Man Fu
Financial Controller4.25yrsno datano data
Sin Chan
Director of Enterprise and Business Developmentno datano datano data

5.8yrs

Average Tenure

57yo

Average Age

Experienced Management: 822's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yuen Fat Lee
Founder & Chairmanno dataHK$3.48m68.02% HK$194.6m
Wing Chuen Wong
Vice Chairman & Director of Manufacturing3.5yrsHK$1.88m1.24% HK$3.5m
So Wah Chan
Director of Planning & Management and Executive Director1.25yrsHK$1.05mno data
Andrew Look
Independent Non-Executive Director10.58yrsHK$193.00k0.98% HK$2.8m
Wai Kwok Lo
Independent Non-Executive Director13.08yrsHK$192.00k0.11% HK$320.0k
Kai Lit Sun
Independent Non-Executive Director13.08yrsHK$192.00kno data
Kai Chuen Kong
Independent Non-Executive Director5.17yrsHK$180.00kno data

7.9yrs

Average Tenure

61yo

Average Age

Experienced Board: 822's board of directors are considered experienced (7.9 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

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


Key Information

  • Name: Ka Shui International Holdings Limited
  • Ticker: 822
  • Exchange: SEHK
  • Founded: 1980
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: HK$286.004m
  • Shares outstanding: 893.76m
  • Website: https://www.kashui.com

Number of Employees


Location

  • Ka Shui International Holdings Limited
  • Billion Centre
  • Tower B, 29th Floor
  • Kowloon Bay
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
822SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 2007
MI8DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2007

Biography

Ka Shui International Holdings Limited, an investment holding company, manufactures and sells zinc, magnesium, and aluminum alloy die casting products and components. The company operates through Zinc Alloy Die Casting, Magnesium Alloy Die Casting, Aluminium Alloy Die Casting, Plastic Injection, and Others segments. It also manufactures plastic injection products and components. In addition, the company engages in the provision of surface finishing treatment services; trading and marketing of LED and plasma lighting products; marketing of zinc, magnesium, and aluminum alloy die casting, and plastic injection products and components; trading of home appliance products; and research, manufacture, and sale of plastic injection moldings and components of car-related products. It sells its products to household, communication, computer, consumer electronics, automotive parts, precision components, and lighting products and housewares industries in Hong Kong, the People’s Republic of China, Japan, the United States, and internationally. The company was founded in 1980 and is headquartered in Kowloon Bay, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 12:44
End of Day Share Price2020/07/03 00:00
Earnings2019/12/31
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.