Mainland Headwear Holdings
Market Cap
HK$385.1m
Last Updated
2021/01/26 10:13 UTC
Data Sources
Company Financials
Executive Summary
Mainland Headwear Holdings Limited, an investment holding company, designs, manufactures, trades in, and distributes casual headwear products in the United States, Europe, the People’s Republic of China, Hong Kong, and internationally. More Details
Risk Analysis
+ 2 more risks
Snowflake Analysis
Adequate balance sheet unattractive dividend payer.
Share Price & News
How has Mainland Headwear Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1100 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 1100's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-1.0%
1100
3.8%
HK Luxury
4.1%
HK Market
1 Year Return
-3.1%
1100
44.1%
HK Luxury
16.9%
HK Market
Return vs Industry: 1100 underperformed the Hong Kong Luxury industry which returned 44.1% over the past year.
Return vs Market: 1100 underperformed the Hong Kong Market which returned 16.9% over the past year.
Shareholder returns
| 1100 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | 3.8% | 4.1% |
| 30 Day | 8.0% | 9.4% | 14.8% |
| 90 Day | 0% | 33.1% | 21.4% |
| 1 Year | 3.6%-3.1% | 46.9%44.1% | 21.6%16.9% |
| 3 Year | -18.9%-30.7% | 74.2%58.2% | -3.4%-13.7% |
| 5 Year | -9.2%-26.9% | 160.2%122.1% | 67.8%39.1% |
Long-Term Price Volatility Vs. Market
How volatile is Mainland Headwear Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall St
A Look At The Intrinsic Value Of Mainland Headwear Holdings Limited (HKG:1100)1 month ago | Simply Wall St
What Can We Make Of Mainland Headwear Holdings' (HKG:1100) CEO Compensation?2 months ago | Simply Wall St
Should You Use Mainland Headwear Holdings's (HKG:1100) Statutory Earnings To Analyse It?Valuation
Is Mainland Headwear Holdings undervalued compared to its fair value and its price relative to the market?
20.72x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1100 (HK$0.95) is trading above our estimate of fair value (HK$0.76)
Significantly Below Fair Value: 1100 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 1100 is poor value based on its PE Ratio (20.7x) compared to the HK Luxury industry average (12.2x).
PE vs Market: 1100 is poor value based on its PE Ratio (20.7x) compared to the Hong Kong market (12x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1100's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1100 is good value based on its PB Ratio (0.5x) compared to the HK Luxury industry average (0.7x).
Next Steps
Future Growth
How is Mainland Headwear Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
37.4%
Forecasted Consumer Durables 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 Mainland Headwear 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
- Examine Mainland Headwear Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Mainland Headwear Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has Mainland Headwear Holdings performed over the past 5 years?
-0.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1100 has a large one-off loss of HK$13.9M impacting its June 30 2020 financial results.
Growing Profit Margin: 1100's current net profit margins (1.8%) are lower than last year (7.6%).
Past Earnings Growth Analysis
Earnings Trend: 1100's earnings have declined by 0.7% per year over the past 5 years.
Accelerating Growth: 1100's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1100 had negative earnings growth (-74.7%) over the past year, making it difficult to compare to the Luxury industry average (-31.1%).
Return on Equity
High ROE: 1100's Return on Equity (3.1%) is considered low.
Next Steps
Financial Health
How is Mainland Headwear Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1100's short term assets (HK$767.3M) exceed its short term liabilities (HK$534.1M).
Long Term Liabilities: 1100's short term assets (HK$767.3M) exceed its long term liabilities (HK$53.6M).
Debt to Equity History and Analysis
Debt Level: 1100's debt to equity ratio (44.8%) is considered high.
Reducing Debt: 1100's debt to equity ratio has increased from 7.4% to 44.8% over the past 5 years.
Debt Coverage: 1100's debt is well covered by operating cash flow (37.4%).
Interest Coverage: 1100's interest payments on its debt are well covered by EBIT (4.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Mainland Headwear Holdings's current dividend yield, its reliability and sustainability?
5.26%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1100's dividend (5.26%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.04%).
High Dividend: 1100's dividend (5.26%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.59%).
Stability and Growth of Payments
Stable Dividend: 1100's dividend payments have been volatile in the past 10 years.
Growing Dividend: 1100's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (109%), 1100's dividend payments are not 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?
13.1yrs
Average management tenure
CEO
Pauline Ngan (60 yo)
no data
Tenure
HK$5,452,000
Compensation
Madam Po Ling Ngan, also known as Pauline, BBS, JP, co-founded Mainland Headwear Holdings Ltd. and serves as its Managing Director and Deputy Chairman. Madam Ngan is responsible for Mainland Headwear Hold...
CEO Compensation Analysis
Compensation vs Market: Pauline's total compensation ($USD703.32K) is above average for companies of similar size in the Hong Kong market ($USD230.38K).
Compensation vs Earnings: Pauline's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | no data | HK$4.13m | no data | |
| Co-Founder | no data | HK$5.45m | 9.33% HK$ 35.9m | |
| CFO & Executive Director | 1.08yrs | no data | no data | |
| Chief Operating Officer | 8.33yrs | HK$2.82m | no data | |
| Executive Director | 11.75yrs | HK$514.00k | no data | |
| Executive Director | 5.08yrs | HK$1.21m | no data | |
| Director of Administration & Human Resources | 13.08yrs | no data | no data | |
| Managing Director of European Operations | no data | no data | no data | |
| Managing Director of US Operations | no data | no data | no data | |
| Chief Operating Officer of H3 Sportgear | no data | no data | no data | |
| Company Secretary | 13.08yrs | no data | no data | |
| Chief Executive Officer of H3 Sportgear and President of H3 Sportsgear | no data | no data | no data |
13.1yrs
Average Tenure
52yo
Average Age
Experienced Management: 1100's management team is seasoned and experienced (13.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | no data | HK$4.13m | no data | |
| Co-Founder | no data | HK$5.45m | 9.33% HK$ 35.9m | |
| CFO & Executive Director | 1.08yrs | no data | no data | |
| Executive Director | 11.75yrs | HK$514.00k | no data | |
| Executive Director | 5.08yrs | HK$1.21m | no data | |
| Independent Non-Executive Director | 6.33yrs | HK$120.00k | no data | |
| Independent Non-Executive Director | 20.83yrs | HK$120.00k | no data | |
| Independent Non Executive Director | 14.42yrs | HK$120.00k | no data |
9.0yrs
Average Tenure
58yo
Average Age
Experienced Board: 1100's board of directors are considered experienced (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
Mainland Headwear Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mainland Headwear Holdings Limited
- Ticker: 1100
- Exchange: SEHK
- Founded: 1986
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: HK$385.057m
- Shares outstanding: 405.32m
- Website: https://www.mainland.com.hk
Number of Employees
Location
- Mainland Headwear Holdings Limited
- Enterprise Square I, Tower 2
- 10th Floor, Rooms 1001-1005
- Kowloon Bay
- Kowloon
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1100 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Dec 2000 |
Biography
Mainland Headwear Holdings Limited, an investment holding company, designs, manufactures, trades in, and distributes casual headwear products in the United States, Europe, the People’s Republic of China, H...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 10:13 |
| End of Day Share Price | 2021/01/26 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.