REF Holdings (SEHK:1631) - Stock Price, News & Analysis

1631 Stock Overview

An investment holding company, provides financial printing services in Hong Kong. More details

1631 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	1/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 68.8% below our estimate of its fair value

Risk Analysis

Does not have a meaningful market cap (HK$50M)

Earnings have declined by 31% per year over past 5 years

REF Holdings Limited Competitors

A.Plus Group Holdings

SEHK:1841

HK$61.2m

HM International Holdings

SEHK:8416

HK$40.7m

Shenglong Splendecor International

SEHK:8481

HK$157.5m

Sun Hing Printing Holdings

SEHK:1975

HK$172.8m

Price History & Performance

Summary of all time highs, changes and price drops for REF Holdings
Historical stock prices
Current Share Price	HK$0.20
52 Week High	HK$0.40
52 Week Low	HK$0.17
Beta	0.52
11 Month Change	-12.95%
3 Month Change	-15.22%
1 Year Change	-41.79%
33 Year Change	-75.32%
5 Year Change	-65.79%
Change since IPO	-91.14%

Capital Allocation Trends At REF Holdings (HKG:1631) Aren't Ideal

Oct 07

REF Holdings Limited's (HKG:1631) 31% Dip In Price Shows Sentiment Is Matching Earnings

Jun 13

REF Holdings' (HKG:1631) Earnings Seem To Be Promising

Apr 05

Recent updates

Capital Allocation Trends At REF Holdings (HKG:1631) Aren't Ideal

Oct 07

REF Holdings Limited's (HKG:1631) 31% Dip In Price Shows Sentiment Is Matching Earnings

Jun 13

REF Holdings (HKG:1631) Might Be Having Difficulty Using Its Capital Effectively

Mar 16

A Look At The Fair Value Of REF Holdings Limited (HKG:1631)

Nov 19

Can REF Holdings Limited's (HKG:1631) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?

Mar 12

Shareholder Returns

	1631	HK Commercial Services	HK Market
7D	-2.0%	1.0%	1.6%
1Y	-41.8%	-2.5%	10.1%

Return vs Industry: 1631 underperformed the Hong Kong Commercial Services industry which returned -0.5% over the past year.

Return vs Market: 1631 underperformed the Hong Kong Market which returned 12% over the past year.

Price Volatility

Is 1631's price volatile compared to industry and market?
1631 volatility
1631 Average Weekly Movement	7.0%
Commercial Services Industry Average Movement	9.1%
Market Average Movement	8.9%
10% most volatile stocks in HK Market	19.0%
10% least volatile stocks in HK Market	4.3%

Stable Share Price: 1631 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 1631's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2010	114	n/a	www.ref.com.hk/en/index.php

REF Holdings Limited, an investment holding company, provides financial printing services in Hong Kong. The company offers and distributes financial printing services comprising typesetting, proofreading, translation, design, printing, web submitting, media placement and distribution of listing documents, financial reports, compliance documents, and other documents. It also provides printing of listing documents, financial reports, compliance documents and other documents.

REF Holdings Limited Fundamentals Summary

How do REF Holdings's earnings and revenue compare to its market cap?
1631 fundamental statistics
Market cap	HK$49.92m
Earnings (TTM)	HK$6.93m
Revenue (TTM)	HK$111.71m

7.2x

P/E Ratio

0.4x

P/S Ratio

Is 1631 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1631 income statement (TTM)
Revenue	HK$111.71m
Cost of Revenue	HK$54.19m
Gross Profit	HK$57.52m
Other Expenses	HK$50.59m
Earnings	HK$6.93m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.027
Gross Margin	51.49%
Net Profit Margin	6.20%
Debt/Equity Ratio	0%

How did 1631 perform over the long term?

See historical performance and comparison

1631 Stock Overview

Rewards

Risk Analysis

REF Holdings Limited Competitors

SEHK:1841

HK$61.2m

SEHK:8416

HK$40.7m

SEHK:8481

HK$157.5m

SEHK:1975

HK$172.8m

Price History & Performance

Recent News & Updates

Capital Allocation Trends At REF Holdings (HKG:1631) Aren't Ideal

REF Holdings Limited to Report First Half, 2024 Results on Aug 20, 2024

New minor risk - Share price stability

REF Holdings Limited's (HKG:1631) 31% Dip In Price Shows Sentiment Is Matching Earnings

New major risk - Market cap size

REF Holdings' (HKG:1631) Earnings Seem To Be Promising

Recent updates

Capital Allocation Trends At REF Holdings (HKG:1631) Aren't Ideal

REF Holdings Limited to Report First Half, 2024 Results on Aug 20, 2024

New minor risk - Share price stability

REF Holdings Limited's (HKG:1631) 31% Dip In Price Shows Sentiment Is Matching Earnings

New major risk - Market cap size

REF Holdings' (HKG:1631) Earnings Seem To Be Promising

REF Holdings Limited, Annual General Meeting, Apr 17, 2024

Full year 2023 earnings released: EPS: HK$0.046 (vs HK$0.044 in FY 2022)

REF Holdings Limited to Report Fiscal Year 2023 Results on Mar 06, 2024

REF Holdings Limited's (HKG:1631) 28% Share Price Surge Not Quite Adding Up

REF Holdings Limited SHS to Be Deleted from OTC Equity

REF Holdings Limited SHS to Be Deleted from OTC Equity

Estimating The Fair Value Of REF Holdings Limited (HKG:1631)

Now 20% undervalued after recent price drop

New major risk - Market cap size

Estimating The Intrinsic Value Of REF Holdings Limited (HKG:1631)

First half 2023 earnings released: EPS: HK$0.039 (vs HK$0.038 in 1H 2022)

First half 2023 earnings released: EPS: HK$0.039 (vs HK$0.038 in 1H 2022)

New major risk - Market cap size

These Return Metrics Don't Make REF Holdings (HKG:1631) Look Too Strong

REF Holdings Limited to Report Q2, 2023 Results on Aug 18, 2023

Now 22% undervalued after recent price drop

A Look At The Fair Value Of REF Holdings Limited (HKG:1631)

Upcoming dividend of HK$0.15 per share at 30% yield

Full year 2022 earnings released: EPS: HK$0.044 (vs HK$0.034 in FY 2021)

REF Holdings Limited to Report Fiscal Year 2022 Results on Mar 01, 2023

These Return Metrics Don't Make REF Holdings (HKG:1631) Look Too Strong

Calculating The Fair Value Of REF Holdings Limited (HKG:1631)

Some Investors May Be Worried About REF Holdings' (HKG:1631) Returns On Capital

First half 2022 earnings released: EPS: HK$0.038 (vs HK$0.03 in 1H 2021)

Capital Allocation Trends At REF Holdings (HKG:1631) Aren't Ideal

Upcoming dividend of HK$0.20 per share

REF Holdings (HKG:1631) Might Be Having Difficulty Using Its Capital Effectively

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

REF Holdings Limited Announces Final Dividend Payable on 13 May 2022

REF Holdings Limited to Report Fiscal Year 2021 Results on Mar 04, 2022

REF Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2021

A Look At The Fair Value Of REF Holdings Limited (HKG:1631)

Upcoming dividend of HK$0.30 per share

REF Holdings Limited Recommends Final Dividend for the Year 2020, Payable on or Before 6 May 2021

Can REF Holdings Limited's (HKG:1631) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?

Full year 2020 earnings released: EPS HK$0.071 (vs HK$0.13 in FY 2019)

REF Holdings Limited to Report Fiscal Year 2020 Results on Mar 11, 2021

New 90-day high: HK$0.56

New 90-day high: HK$0.50

New 90-day low - HK$0.41

First half earnings released

New 90-day high - HK$0.50

REF Holdings Limited to Report First Half, 2020 Results on Aug 21, 2020

Shareholder Returns

Price Volatility

About the Company

REF Holdings Limited Fundamentals Summary

7.2x

0.4x

Earnings & Revenue