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Goodbaby International Holdings

SEHK:1086
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1086
SEHK
HK$3B
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company description

Goodbaby International Holdings Limited, an investment holding company, researches, designs, develops, manufactures, markets, and sells durable juvenile products in Europe, North America, Mainland China, and internationally. The last earnings update was 55 days ago. More info.


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  • Goodbaby International Holdings has significant price volatility in the past 3 months.
1086 Share Price and Events
7 Day Returns
-5%
SEHK:1086
0.1%
HK Leisure
0.5%
HK Market
1 Year Returns
-66.1%
SEHK:1086
-29.2%
HK Leisure
-15.9%
HK Market
1086 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Goodbaby International Holdings (1086) -5% -15.8% -34.2% -66.1% -52.4% -54.9%
HK Leisure 0.1% -4.2% -11.1% -29.2% -31% -44.4%
HK Market 0.5% -4% -8.6% -15.9% 20.6% 3%
1 Year Return vs Industry and Market
  • 1086 underperformed the Leisure industry which returned -29.2% over the past year.
  • 1086 underperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
1086
Industry
5yr Volatility vs Market

Value

 Is Goodbaby International Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Goodbaby International Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Goodbaby International Holdings.

SEHK:1086 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:1086
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.95 (1 + (1- 25%) (97.37%))
1.431
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.431 * 5.96%)
10.53%

Discounted Cash Flow Calculation for SEHK:1086 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Goodbaby International Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:1086 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 10.53%)
2019 184.00 Analyst x1 166.46
2020 453.00 Analyst x2 370.77
2021 368.50 Analyst x2 272.86
2022 317.61 Est @ -13.81% 212.77
2023 288.82 Est @ -9.07% 175.04
2024 272.23 Est @ -5.74% 149.26
2025 262.92 Est @ -3.42% 130.42
2026 258.20 Est @ -1.79% 115.87
2027 256.51 Est @ -0.65% 104.14
2028 256.88 Est @ 0.14% 94.35
Present value of next 10 years cash flows HK$1,791.94
SEHK:1086 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$256.88 × (1 + 2%) ÷ (10.53% – 2%)
HK$3,071.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$3,071.21 ÷ (1 + 10.53%)10
HK$1,128.05
SEHK:1086 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$1,791.94 + HK$1,128.05
HK$2,919.99
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$2,919.99 / 1,668.02
HK$1.75
SEHK:1086 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$1.75
Current discount Discount to share price of HK$1.71
= -1 x (HK$1.71 - HK$1.75) / HK$1.75
2.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Goodbaby International Holdings is available for.
Intrinsic value
2%
Share price is HK$1.71 vs Future cash flow value of HK$1.75
Current Discount Checks
For Goodbaby International Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Goodbaby International Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Goodbaby International Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Goodbaby International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Goodbaby International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1086 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.10
SEHK:1086 Share Price ** SEHK (2019-06-14) in HKD HK$1.71
Hong Kong Leisure Industry PE Ratio Median Figure of 12 Publicly-Listed Leisure Companies 11.86x
Hong Kong Market PE Ratio Median Figure of 1,487 Publicly-Listed Companies 10.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Goodbaby International Holdings.

SEHK:1086 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1086 Share Price ÷ EPS (both in HKD)

= 1.71 ÷ 0.10

17.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Goodbaby International Holdings is overvalued based on earnings compared to the HK Leisure industry average.
  • Goodbaby International Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Goodbaby International Holdings's expected growth come at a high price?
Raw Data
SEHK:1086 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
30.3%per year
Global Leisure Industry PEG Ratio Median Figure of 28 Publicly-Listed Leisure Companies 1.26x
Hong Kong Market PEG Ratio Median Figure of 466 Publicly-Listed Companies 0.76x

*Line of best fit is calculated by linear regression .

SEHK:1086 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.41x ÷ 30.3%

0.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Goodbaby International Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Goodbaby International Holdings's assets?
Raw Data
SEHK:1086 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$2.95
SEHK:1086 Share Price * SEHK (2019-06-14) in HKD HK$1.71
Hong Kong Leisure Industry PB Ratio Median Figure of 21 Publicly-Listed Leisure Companies 0.98x
Hong Kong Market PB Ratio Median Figure of 2,169 Publicly-Listed Companies 0.93x
SEHK:1086 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1086 Share Price ÷ Book Value per Share (both in HKD)

= 1.71 ÷ 2.95

0.58x

* Primary Listing of Goodbaby International Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Goodbaby International Holdings is good value based on assets compared to the HK Leisure industry average.
X
Value checks
We assess Goodbaby International Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check)
  5. Goodbaby International Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Goodbaby International Holdings expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
30.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Goodbaby International Holdings expected to grow at an attractive rate?
  • Goodbaby International Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Goodbaby International Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Goodbaby International Holdings's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1086 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1086 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 30.3%
SEHK:1086 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 7.1%
Hong Kong Leisure Industry Earnings Growth Rate Market Cap Weighted Average 18.8%
Global Leisure Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:1086 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1086 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 10,466 607 398 4
2020-12-31 10,313 862 385 6
2019-12-31 9,137 552 222 5
SEHK:1086 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 8,629 432 164
2018-09-30 8,451 378 176
2018-06-30 8,273 324 188
2018-03-31 7,708 193 183
2017-12-31 7,143 63 179
2017-09-30 6,731 194 202
2017-06-30 6,319 325 225
2017-03-31 6,279 431 216
2016-12-31 6,238 536 207
2016-09-30 6,360 743 212
2016-06-30 6,482 949 216
2016-03-31 6,716 1,011 207

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Goodbaby International Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Goodbaby International Holdings's revenue is expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:1086 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Goodbaby International Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1086 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.24 0.30 0.21 3.00
2020-12-31 0.22 0.35 0.15 5.00
2019-12-31 0.13 0.14 0.12 4.00
SEHK:1086 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.10
2018-09-30 0.11
2018-06-30 0.13
2018-03-31 0.13
2017-12-31 0.15
2017-09-30 0.17
2017-06-30 0.20
2017-03-31 0.19
2016-12-31 0.19
2016-09-30 0.19
2016-06-30 0.20
2016-03-31 0.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Goodbaby International Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Goodbaby International Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Goodbaby International Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Goodbaby International Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Goodbaby International Holdings's growth in the last year to its industry (Leisure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Goodbaby International Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Goodbaby International Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Goodbaby International Holdings's 1-year earnings growth is negative, it can't be compared to the HK Leisure industry average.
Earnings and Revenue History
Goodbaby International Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Goodbaby International Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1086 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 8,629.12 163.76 3,416.01
2018-09-30 8,450.90 175.68 3,256.83
2018-06-30 8,272.68 187.59 3,070.35
2018-03-31 7,707.62 183.47 2,739.53
2017-12-31 7,142.57 179.35 2,436.01
2017-09-30 6,730.72 202.15 2,217.66
2017-06-30 6,318.87 224.95 1,999.32
2017-03-31 6,278.53 216.17 1,953.02
2016-12-31 6,238.18 207.39 1,906.73
2016-09-30 6,359.90 211.82 1,847.93
2016-06-30 6,481.63 216.24 1,789.14
2016-03-31 6,716.38 206.84 1,805.24
2015-12-31 6,951.13 197.43 1,821.35
2015-09-30 7,054.99 127.21 1,805.76
2015-06-30 7,158.86 56.98 1,790.17
2015-03-31 6,637.22 57.23 1,633.41
2014-12-31 6,115.59 57.48 1,476.64
2014-09-30 5,434.27 110.25 1,268.20
2014-06-30 4,752.94 163.03 1,059.76
2014-03-31 4,470.87 167.12 933.35
2013-12-31 4,188.79 171.21 806.94
2013-09-30 4,254.58 174.47 786.77
2013-06-30 4,320.36 177.72 766.60
2013-03-31 4,437.41 179.47 734.61
2012-12-31 4,554.46 181.21 702.62
2012-09-30 4,418.30 172.07 662.89
2012-06-30 4,282.14 162.93 623.14

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Goodbaby International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Goodbaby International Holdings used its assets less efficiently than the HK Leisure industry average last year based on Return on Assets.
  • Goodbaby International Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Goodbaby International Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Goodbaby International Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Goodbaby International Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Goodbaby International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Goodbaby International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Goodbaby International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Goodbaby International Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Goodbaby International Holdings Company Filings, last reported 5 months ago.

SEHK:1086 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,963.11 2,777.19 930.40
2018-09-30 4,963.11 2,777.19 930.40
2018-06-30 5,151.04 2,624.51 831.06
2018-03-31 5,151.04 2,624.51 831.06
2017-12-31 5,165.87 2,736.80 1,174.30
2017-09-30 5,165.87 2,736.80 1,174.30
2017-06-30 2,647.94 1,456.22 768.20
2017-03-31 2,647.94 1,456.22 768.20
2016-12-31 2,478.16 1,228.76 758.15
2016-09-30 2,478.16 1,228.76 758.15
2016-06-30 2,462.26 1,578.85 989.68
2016-03-31 2,462.26 1,578.85 989.68
2015-12-31 2,408.10 1,697.62 1,018.36
2015-09-30 2,408.10 1,697.62 1,018.36
2015-06-30 2,386.14 2,033.35 795.53
2015-03-31 2,386.14 2,033.35 795.53
2014-12-31 2,327.66 2,258.20 691.77
2014-09-30 2,327.66 2,258.20 691.77
2014-06-30 2,391.37 1,166.14 1,009.18
2014-03-31 2,391.37 1,166.14 1,009.18
2013-12-31 2,027.49 447.24 736.13
2013-09-30 2,027.49 447.24 736.13
2013-06-30 1,933.85 434.36 976.51
2013-03-31 1,933.85 434.36 976.51
2012-12-31 1,852.13 220.78 756.35
2012-09-30 1,852.13 220.78 756.71
2012-06-30 1,756.87 305.42 1,024.94
  • Goodbaby International Holdings's level of debt (56%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (22.4% vs 56% today).
  • Debt is not well covered by operating cash flow (15.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Goodbaby International Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Goodbaby International Holdings has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Goodbaby International Holdings dividends. Estimated to be 3.76% next year.
If you bought HK$2,000 of Goodbaby International Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Goodbaby International Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Goodbaby International Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:1086 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Hong Kong Leisure Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:1086 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.09 4.00
2020-12-31 0.07 6.00
2019-12-31 0.05 6.00
SEHK:1086 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-23 0.000 0.000
2019-03-26 0.000 0.000
2018-05-28 0.050 1.627
2017-03-28 0.050 1.221
2016-03-30 0.050 1.326
2015-09-18 0.000 0.000
2015-08-24 0.000 0.000
2015-04-21 0.000 0.000
2015-03-30 0.000 0.000
2014-05-23 0.050 1.615
2013-05-24 0.050 1.310
2012-03-16 0.050 1.842
2011-05-20 0.050 2.002

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Goodbaby International Holdings has not reported any payouts.
  • Unable to verify if Goodbaby International Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Goodbaby International Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Goodbaby International Holdings has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Goodbaby International Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Goodbaby International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Goodbaby International Holdings has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Martin Pos
COMPENSATION HK$24,341,000
AGE 48
TENURE AS CEO 3.4 years
CEO Bio

Mr. Martin Pos has been the Chief Executive Officer of Goodbaby International Holdings Limited since January 15, 2016 and has been its Executive Director March 18, 2014. Mr. Pos is responsible for the Group’s strategy implementation and overall management, leading all the Group’s business units and functions across each continent, comprising of technical services, supply chain and manufacturing, brand portfolio management, international distribution, national distribution and the Group’s central services. He is primarily responsible for the management of portfolio of global brands for Goodbaby International. He served as the Deputy Chief Executive Officer of Goodbaby International Holdings Limited since December 2014 until January 15, 2016. Mr. Pos serves as a Director of Columbus Holding GmbH (Germany), Cybex Industrial Ltd. (Hong Kong) and Cybex GmbH (Germany). In 2005, he founded CYBEX. Mr. Pos is primarily responsible for the management of the Goodbaby International Holdings Limited's Portfolio of Global Brands. He is an Entrepreneur with an international background and has over 20 years' industry experience in development and management of premium lifestyle brands, global distribution, design and development of premium technical juvenile Products. He started his career in 1993 at Germany's leading car seat company Concord GmbH as the Global Sales and Marketing Director. In 2000, he took over the Lead of Concord as an Executive Director. In 2003, he started his entrepreneurial career and founded his first company, Columbus Trading-Partners GmbH, which evolved very quickly to a leading distribution and brand development company in Germany, Austria and Switzerland.

CEO Compensation
  • Martin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Martin's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Goodbaby International Holdings management team in years:

1.9
Average Tenure
48
Average Age
  • The average tenure for the Goodbaby International Holdings management team is less than 2 years, this suggests a new team.
Management Team

Zhenghuan Song

TITLE
Founder & Chairman
COMPENSATION
HK$4M
AGE
69

Martin Pos

TITLE
CEO & Executive Director
COMPENSATION
HK$24M
AGE
48
TENURE
3.4 yrs

Sam Xia

TITLE
Executive Director
COMPENSATION
HK$11M
AGE
48

Wang Qi

TITLE
Legal & Compliance Director

Philip Raum

TITLE
Senior Vice President of Group Marketing
AGE
41

Simone Berger

TITLE
Senior Vice President of Group Human Resources
AGE
39

Raoul Bader

TITLE
Senior Vice President of Technologies Brands
AGE
55

Johannes Schlamminger

TITLE
Executive VP of Group Brand Portfolio Management & CEO of CYBEX
AGE
38

Michael Qu

TITLE
Chairman of Northern & Southern Markets and Executive Director
AGE
49
TENURE
1.9 yrs

Dave Taylor

TITLE
Senior Vice President of Group Business Development
AGE
56
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the Goodbaby International Holdings board of directors in years:

5.3
Average Tenure
55.5
Average Age
  • The tenure for the Goodbaby International Holdings board of directors is about average.
Board of Directors

Martin Pos

TITLE
CEO & Executive Director
COMPENSATION
HK$24M
AGE
48
TENURE
5.3 yrs

Sam Xia

TITLE
Executive Director
COMPENSATION
HK$11M
AGE
48
TENURE
1.6 yrs

Michael Qu

TITLE
Chairman of Northern & Southern Markets and Executive Director
AGE
49
TENURE
5.3 yrs

Iain Ferguson Bruce

TITLE
Independent Non-Executive Director
COMPENSATION
HK$470K
AGE
77
TENURE
8.6 yrs

Zhenghuan Song

TITLE
Founder & Chairman
COMPENSATION
HK$4M
AGE
69
TENURE
3.4 yrs

Rachel Chiang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$314K
AGE
50
TENURE
18.9 yrs

Xiaoguang Shi

TITLE
Independent Non-Executive Director
COMPENSATION
HK$314K
AGE
71
TENURE
8.6 yrs

Tongyou Liu

TITLE
Regional Chairman of APAC & Executive Director
COMPENSATION
HK$4M
AGE
50
TENURE
2.3 yrs

Jingqiu Fu

TITLE
Non-Executive Director
COMPENSATION
HK$2M
AGE
65
TENURE
1.6 yrs

Eric Ho

TITLE
Non-Executive Director
COMPENSATION
HK$930K
AGE
61
TENURE
6.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
31. Jan 19 Buy Franklin Resources, Inc. Company 29. Jan 19 29. Jan 19 5,745,000 HK$2.48 HK$14,249,304
10. Jan 19 Buy FIL Limited Company 07. Jan 19 07. Jan 19 2,800,000 HK$2.38 HK$6,667,645
09. Jan 19 Buy FIL Limited Company 04. Jan 19 04. Jan 19 1,752,000 HK$2.39 HK$4,183,600
07. Dec 18 Buy FIL Limited Company 04. Dec 18 04. Dec 18 2,608,000 HK$2.96 HK$7,720,730
17. Sep 18 Sell Amundi Asset Management Company 13. Sep 18 13. Sep 18 -500,000 HK$3.01 HK$-1,505,000
11. Sep 18 Buy Martin Pos Individual 11. Sep 18 11. Sep 18 4,022,000 HK$3.01 HK$12,093,340
10. Sep 18 Buy Martin Pos Individual 10. Sep 18 10. Sep 18 760,000 HK$2.99 HK$2,271,562
10. Sep 18 Buy Martin Pos Individual 07. Sep 18 07. Sep 18 230,000 HK$3.22 HK$741,336
10. Sep 18 Buy Martin Pos Individual 06. Sep 18 06. Sep 18 188,000 HK$3.20 HK$601,412
X
Management checks
We assess Goodbaby International Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Goodbaby International Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Kind Of Share Price Volatility Should You Expect For Goodbaby International Holdings Limited (HKG:1086)?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Beta is worth considering, but it's also important to consider whether Goodbaby International Holdings is growing earnings and revenue. … What this means for you: Since Goodbaby International Holdings has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.

Simply Wall St -

What Do Analysts Think About Goodbaby International Holdings Limited's (HKG:1086) Future?

On 31 December 2018, Goodbaby International Holdings Limited (HKG:1086) released its earnings update. … Below is a brief commentary around Goodbaby International Holdings's earnings outlook going forward, which may give you a sense of market sentiment for the company. … Check out our latest analysis for Goodbaby International Holdings What can we expect from Goodbaby International Holdings in the longer term?

Simply Wall St -

Read This Before Selling Goodbaby International Holdings Limited (HKG:1086) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Goodbaby International Holdings Limited (HKG:1086). … In the last twelve months, the biggest single purchase by an insider was when CEO & Executive Director Martin Pos bought HK$12m worth of shares at a price of HK$3.01 per share. … Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price

Simply Wall St -

You Might Like Goodbaby International Holdings Limited (HKG:1086) But Do You Like Its Debt?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Understanding the company's financial health becomes. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Should You Think About Buying Goodbaby International Holdings Limited (HKG:1086) Now?

Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Goodbaby International Holdings's current trading price of HK$2.3 reflective of the actual value of the? … Let’s take a look at Goodbaby International Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

What Kind Of Shareholders Own Goodbaby International Holdings Limited (HKG:1086)?

Every investor in Goodbaby International Holdings Limited (HKG:1086) should be aware of the most powerful shareholder groups. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … With a market capitalization of HK$4.0b, Goodbaby International Holdings is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Goodbaby International Holdings Limited (HKG:1086): Does The -8.7% Earnings Drop Reflect A Longer Term Trend?

Examining how Goodbaby International Holdings Limited (HKG:1086) is performing as a company requires looking at more than just a years' earnings. … Below, I will run you through a simple sense check to build perspective on how Goodbaby International Holdings is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its leisure industry peers. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 9.8%, indicating the rate at which 1086 is growing has slowed down

Simply Wall St -

Should You Be Pleased About The CEO Pay At Goodbaby International Holdings Limited's (HKG:1086)

Martin Pos has been the CEO of Goodbaby International Holdings Limited (HKG:1086) since 2016. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … According to our data, Goodbaby International Holdings Limited has a market capitalization of HK$4.2b, and pays its CEO total annual compensation worth HK$13m.

Simply Wall St -

Is Goodbaby International Holdings Limited (HKG:1086) Investing Your Capital Efficiently?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

Simply Wall St -

Should Goodbaby International Holdings Limited (HKG:1086) Focus On Improving This Fundamental Metric?

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.037 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

Goodbaby International Holdings Limited, an investment holding company, researches, designs, develops, manufactures, markets, and sells durable juvenile products in Europe, North America, Mainland China, and internationally. It offers children’s car safety seats, strollers, apparels and home textile products, feeding products, nursing and personal care products, cribs, bicycles and tricycles, and other children products. The company also provides safety belts, cloth sets, and car components for children; child cloth beds; bath chairs for children; stadium chairs; sports utilities, e-cars, and wooden products; and child carrying systems, pushchairs, high chairs, and other products for children. In addition, it offers IT services and a share service center; testing services for children’s products, tools, and electronic products; and advisory services for the risk valuation of product quality. Further, the company is involved in the distribution and sale of car safety seats, infant strollers, and other parenting products; and wholesale and retail of children’s products. Goodbaby International Holdings Limited provides its products under the CYBEX, gb Global, Evenflo, RollPlay, CBX, Exer Saucer, Urbini, and HD brands. As of May 20, 2019, the company operated two global flagship stores in Chengdu International Finance Square and Chengdu Joy City. The company was founded in 1989 and is headquartered in Kunshan, the People's Republic of China.

Details
Name: Goodbaby International Holdings Limited
1086
Exchange: SEHK
Founded: 1989
HK$2,852,319,330
1,668,023,000
Website: http://www.gbinternational.com.hk
Address: Goodbaby International Holdings Limited
28 East Lufeng Road,
Lujia Town,
Kunshan,
Jiangsu Province, 215331,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1086 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 24. Nov 2010
OTCPK GBBY.F Ordinary Shares Pink Sheets LLC US USD 24. Nov 2010
DB GBH Ordinary Shares Deutsche Boerse AG DE EUR 24. Nov 2010
SHSC 1086 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 24. Nov 2010
SZSC 1086 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 24. Nov 2010
Number of employees
Current staff
Staff numbers
12,397
Goodbaby International Holdings employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 12:59
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2019/04/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.