Herald Holdings Limited, an investment holding company, manufactures, sells, and distributes toys, computer products, housewares, clocks, watches, and electronic and gift products. More Details
Flawless balance sheet and slightly overvalued.
Share Price & News
How has Herald Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 114 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 114 exceeded the Hong Kong Leisure industry which returned -31.1% over the past year.
Return vs Market: 114 underperformed the Hong Kong Market which returned 2.3% over the past year.
Price Volatility Vs. Market
How volatile is Herald Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StTread With Caution Around Herald Holdings Limited's (HKG:114) 9.7% Dividend Yield
1 month ago | Simply Wall StHere's Why We Don't Think Herald Holdings's (HKG:114) Statutory Earnings Reflect Its Underlying Earnings Potential
2 months ago | Simply Wall StWould Shareholders Who Purchased Herald Holdings'(HKG:114) Stock Three Years Be Happy With The Share price Today?
Is Herald Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 114 (HK$0.56) is trading below our estimate of fair value (HK$7.69)
Significantly Below Fair Value: 114 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 114 is poor value based on its PE Ratio (38.5x) compared to the HK Leisure industry average (7.5x).
PE vs Market: 114 is poor value based on its PE Ratio (38.5x) compared to the Hong Kong market (11.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 114's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 114's PB Ratio (0.5x) is in line with the HK Leisure industry average.
How is Herald Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Herald 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.
- Examine Herald 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.
- Herald Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Herald Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 114 has a large one-off gain of HK$20.3M impacting its March 31 2020 financial results.
Growing Profit Margin: 114 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 114's earnings have declined by 39.5% per year over the past 5 years.
Accelerating Growth: 114 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 114 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Leisure industry (-27.7%).
Return on Equity
High ROE: 114's Return on Equity (1.1%) is considered low.
How is Herald Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 114's short term assets (HK$531.0M) exceed its short term liabilities (HK$173.5M).
Long Term Liabilities: 114's short term assets (HK$531.0M) exceed its long term liabilities (HK$22.9M).
Debt to Equity History and Analysis
Debt Level: 114's debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: 114's debt to equity ratio has reduced from 1% to 0.5% over the past 5 years.
Debt Coverage: 114's debt is well covered by operating cash flow (1355%).
Interest Coverage: 114 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Herald Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 114's dividend (10.71%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).
High Dividend: 114's dividend (10.71%) is in the top 25% of dividend payers in the Hong Kong market (6.77%)
Stability and Growth of Payments
Stable Dividend: 114's dividend payments have been volatile in the past 10 years.
Growing Dividend: 114's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (343.5%), 114's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kam-Hung Shum (56 yo)
Mr. Kam-Hung Shum, ACIS, CPA has been the Managing Director of Herald Holdings Limited since July 1, 2015 and served as its Secretary since July 04, 2008 until June 30, 2015. Mr. Shum served at Herald Hold ...
CEO Compensation Analysis
Compensation vs Market: Kam-Hung's total compensation ($USD407.61K) is above average for companies of similar size in the Hong Kong market ($USD233.00K).
Compensation vs Earnings: Kam-Hung's compensation has been consistent with company performance over the past year.
|Executive Chairman||6.5yrs||HK$5.58m||8.51% |
|MD & Executive Director||5.25yrs||HK$3.16m||no data|
|Executive Director||28.75yrs||HK$5.31m||26.73% |
|Independent Non-Executive Director||10.67yrs||HK$300.00k||no data|
|Independent Non-Executive Director||15.33yrs||HK$300.00k||no data|
|Independent Non-Executive Director||15yrs||HK$300.00k||no data|
Experienced Board: 114's board of directors are seasoned and experienced ( 12.8 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Herald Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Herald Holdings Limited
- Ticker: 114
- Exchange: SEHK
- Founded: 1992
- Industry: Leisure Products
- Sector: Consumer Durables
- Market Cap: HK$338.515m
- Shares outstanding: 604.49m
- Website: https://www.heraldgroup.com.hk
Number of Employees
- Herald Holdings Limited
- Tower Two
- 31st floor
- Hong Kong
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HHOL.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Oct 1992|
|114||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Oct 1992|
|HH3||BST (Boerse-Stuttgart)||Yes||Ordinary Shares||DE||EUR||Oct 1992|
Herald Holdings Limited, an investment holding company, manufactures, sells, and distributes toys, computer products, housewares, clocks, watches, and electronic and gift products. The company offers a ran ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/26 12:52|
|End of Day Share Price||2020/10/23 00:00|
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.