SEHK:8532

Stock Analysis Report

Executive Summary

Polyfair Holdings Limited, an investment holding company, engages in the construction business in Hong Kong.

Snowflake

Fundamentals

Imperfect balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

29.4%

8532

0.6%

HK Construction

0.3%

HK Market


1 Year Return

-5.4%

8532

-14.9%

HK Construction

1.3%

HK Market

Return vs Industry: 8532 exceeded the Hong Kong Construction industry which returned -14.9% over the past year.

Return vs Market: 8532 underperformed the Hong Kong Market which returned 1.3% over the past year.


Shareholder returns

8532IndustryMarket
7 Day29.4%0.6%0.3%
30 Day46.7%-4.7%0.5%
90 Day22.2%-10.5%-4.6%
1 Year-5.4%-5.4%-11.1%-14.9%4.9%1.3%
3 Yearn/a-25.3%-33.6%15.3%3.7%
5 Yearn/a0.004%-15.1%20.0%-0.006%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.15x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 8532's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 8532's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8532 is unprofitable, so we can't compare its PE Ratio to the Construction industry average.

PE vs Market: 8532 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 8532's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8532 is overvalued based on its PB Ratio (1.1x) compared to the HK Construction industry average (1.1x).


Next Steps

Future Growth

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

39.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8532 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 8532 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 8532 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if 8532's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 8532's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 8532's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Polyfair Holdings performed over the past 5 years?

-101.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 8532 is unprofitable, and losses have increased over the past 5 years at a rate of -101.3% per year.

Accelerating Growth: Unable to compare 8532's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8532 is unprofitable, making it difficult to compare its past year earnings growth to the Construction industry (-12.4%).


Return on Equity

High ROE: 8532 has a negative Return on Equity (-8.66%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 8532 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 8532 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Polyfair Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8532's short term assets (HK$178.8M) exceeds its short term liabilities (HK$129.8M)

Long Term Liabilities: 8532 has no long term liabilities


Debt to Equity History and Analysis

Debt Level: 8532's debt to equity ratio (158.4%) is considered high

Reducing Debt: Insufficient data to determine if 8532's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 8532's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 8532's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: 8532 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 8532's debt is covered by short term assets (assets are 1.836060x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.2%industryaverage4.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 8532's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 8532's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 8532's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8532'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 8532's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of Polyfair Holdings's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average board tenure


CEO

Stephen Yu (61yo)

0yrs

Tenure

HK$2,122,000

Compensation

Mr. Lap On Yu also known as Stephen, serves as Chief Executive Officer of Polyfair Holdings Ltd and has been its Executive Director since January 25, 2018. Mr. Yu joined Polyfair Group as an Executive Offi ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Stephen's total compensation is reasonable compared to companies of similar size in the Hong Kong market.

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


Board Age and Tenure

2.0yrs

Average Tenure

60yo

Average Age

Experienced Board: 8532's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Christy Cheng (37yo)

    Company Secretary

    • Tenure: 0.7yrs
  • Mo-Lam Chow (65yo)

    Chairman of the Board & Compliance Officer

    • Tenure: 2.2yrs
    • Compensation: HK$1.59m
  • Stephen Yu (61yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: HK$2.12m
  • Kam Man Wong (59yo)

    Senior Project Manager & Executive Director

    • Tenure: 2.2yrs
    • Compensation: HK$1.27m
  • Sing Wai Hou

    Financial Manager

    • Tenure: 0yrs

Board Members

  • Cheuk Wah Lung (68yo)

    Independent Non Executive Director

    • Tenure: 1.8yrs
    • Compensation: HK$183.00k
  • Chi Yung Wong (35yo)

    Independent Non-Executive Director

    • Tenure: 1.8yrs
    • Compensation: HK$183.00k
  • Ka Lok Ng (44yo)

    Independent Non-Executive Director

    • Tenure: 1.8yrs
    • Compensation: HK$183.00k
  • Mo-Lam Chow (65yo)

    Chairman of the Board & Compliance Officer

    • Tenure: 2.2yrs
    • Compensation: HK$1.59m
  • Stephen Yu (61yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: HK$2.12m
  • Kam Man Wong (59yo)

    Senior Project Manager & Executive Director

    • Tenure: 2.2yrs
    • Compensation: HK$1.27m

Company Information

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


Key Information

  • Name: Polyfair Holdings Limited
  • Ticker: 8532
  • Exchange: SEHK
  • Founded: 2006
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: HK$68.000m
  • Shares outstanding: 800.00m
  • Website: https://www.polyfaircurtainwall.com.hk

Number of Employees


Location

  • Polyfair Holdings Limited
  • Fortress Tower
  • Unit 1206-7
  • North Point
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8532SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDFeb 2018

Biography

Polyfair Holdings Limited, an investment holding company, engages in the construction business in Hong Kong. It provides façade and curtain wall works solutions for residential and commercial buildings. Th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 12:52
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
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.