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116

Chow Sang Sang Holdings InternationalSEHK:116 Stock Report

Market Cap

HK$8.5b

7D

7.6%

1Y

52.8%

Updated

17 Oct, 2021

Data

Company Financials +
116 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends3/6

116 Overview

Chow Sang Sang Holdings International Limited, an investment holding company, manufactures and retails jewellery.

Price History & Performance

Summary of all time highs, changes and price drops for Chow Sang Sang Holdings International
Historical stock prices
Current Share PriceHK$12.50
52 Week HighHK$8.16
52 Week LowHK$14.98
Beta0.85
1 Month Change11.21%
3 Month Change0.32%
1 Year Change52.81%
3 Year Change-6.99%
5 Year Change-7.13%
Change since IPO581.82%

Recent News & Updates

Sep 18
Is Chow Sang Sang Holdings International (HKG:116) A Risky Investment?

Is Chow Sang Sang Holdings International (HKG:116) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Aug 28
Chow Sang Sang Holdings International's (HKG:116) Shareholders Will Receive A Bigger Dividend Than Last Year

Chow Sang Sang Holdings International's (HKG:116) Shareholders Will Receive A Bigger Dividend Than Last Year

Chow Sang Sang Holdings International Limited ( HKG:116 ) will increase its dividend on the 23rd of September to...

Aug 14
Investors Could Be Concerned With Chow Sang Sang Holdings International's (HKG:116) Returns On Capital

Investors Could Be Concerned With Chow Sang Sang Holdings International's (HKG:116) Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...

Jul 08
Is It Time To Consider Buying Chow Sang Sang Holdings International Limited (HKG:116)?

Is It Time To Consider Buying Chow Sang Sang Holdings International Limited (HKG:116)?

Chow Sang Sang Holdings International Limited ( HKG:116 ), is not the largest company out there, but it saw significant...

Shareholder Returns

116HK LuxuryHK Market
7D7.6%1.3%1.1%
1Y52.8%52.5%5.3%

Return vs Industry: 116 matched the Hong Kong Luxury industry which returned 52.5% over the past year.

Return vs Market: 116 exceeded the Hong Kong Market which returned 5.3% over the past year.

Price Volatility

Is 116's price volatile compared to industry and market?
116 volatility
116 Beta0.85
Industry Beta0.94
Market Beta1

Stable Share Price: 116 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 116's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
193410,246n/ahttps://www.chowsangsang.com

Chow Sang Sang Holdings International Limited, an investment holding company, manufactures and retails jewellery. The company operates through four segments: Retail of Jewellery and Watches, Wholesale of Precious Metals, Securities and Futures Broking, and Other Businesses. It produces and sells jewellery products; distributes watches; and operates retail stores in Hong Kong, Macau, Mainland China, and Taiwan.

Chow Sang Sang Holdings International Fundamentals Summary

How do Chow Sang Sang Holdings International's earnings and revenue compare to its market cap?
116 fundamental statistics
Market CapHK$8.47b
Earnings (TTM)HK$875.19m
Revenue (TTM)HK$19.45b

9.7x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
116 income statement (TTM)
RevenueHK$19.45b
Cost of RevenueHK$14.65b
Gross ProfitHK$4.81b
ExpensesHK$3.93b
EarningsHK$875.19m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.29
Gross Margin24.72%
Net Profit Margin4.50%
Debt/Equity Ratio18.0%

How did 116 perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

31%

Payout Ratio

Valuation

Is Chow Sang Sang Holdings International undervalued compared to its fair value and its price relative to the market?

8.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 116 (HK$12.5) is trading below our estimate of fair value (HK$13.62)

Significantly Below Fair Value: 116 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 116 is poor value based on its PE Ratio (9.7x) compared to the Hong Kong Luxury industry average (9.1x).

PE vs Market: 116's PE Ratio (9.7x) is in line with the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: 116 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: 116 is good value based on its PB Ratio (0.7x) compared to the HK Luxury industry average (0.8x).


Future Growth

How is Chow Sang Sang Holdings International forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

17.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 116's forecast earnings growth (17.4% per year) is above the savings rate (1.5%).

Earnings vs Market: 116's earnings (17.4% per year) are forecast to grow slower than the Hong Kong market (17.4% per year).

High Growth Earnings: 116's earnings are forecast to grow, but not significantly.

Revenue vs Market: 116's revenue (9.8% per year) is forecast to grow slower than the Hong Kong market (12.5% per year).

High Growth Revenue: 116's revenue (9.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 116's Return on Equity is forecast to be low in 3 years time (10%).


Past Performance

How has Chow Sang Sang Holdings International performed over the past 5 years?

-6.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 116 has high quality earnings.

Growing Profit Margin: 116's current net profit margins (4.5%) are higher than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: 116's earnings have declined by 6.8% per year over the past 5 years.

Accelerating Growth: 116's earnings growth over the past year (272.7%) exceeds its 5-year average (-6.8% per year).

Earnings vs Industry: 116 earnings growth over the past year (272.7%) exceeded the Luxury industry 40.3%.


Return on Equity

High ROE: 116's Return on Equity (6.9%) is considered low.


Financial Health

How is Chow Sang Sang Holdings International's financial position?


Financial Position Analysis

Short Term Liabilities: 116's short term assets (HK$12.9B) exceed its short term liabilities (HK$3.3B).

Long Term Liabilities: 116's short term assets (HK$12.9B) exceed its long term liabilities (HK$970.9M).


Debt to Equity History and Analysis

Debt Level: 116's debt to equity ratio (18%) is considered satisfactory.

Reducing Debt: 116's debt to equity ratio has reduced from 23.6% to 18% over the past 5 years.

Debt Coverage: 116's debt is not well covered by operating cash flow (8.4%).

Interest Coverage: 116 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Chow Sang Sang Holdings International current dividend yield, its reliability and sustainability?

3.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 116's dividend (3.2%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 116's dividend (3.2%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).


Stability and Growth of Payments

Stable Dividend: 116's dividend payments have been volatile in the past 10 years.

Growing Dividend: 116's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31%), 116's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 116's dividends in 3 years are forecast to be well covered by earnings (43.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

17.1yrs

Average board tenure


CEO

Chow Sang Sang Holdings International has no CEO, or we have no data on them.


Board Members

Experienced Board: 116's board of directors are seasoned and experienced ( 17.1 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Chow Sang Sang Holdings International Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Chow Sang Sang Holdings International Limited
  • Ticker: 116
  • Exchange: SEHK
  • Founded: 1934
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$8.468b
  • Shares outstanding: 677.43m
  • Website: https://www.chowsangsang.com

Number of Employees


Location

  • Chow Sang Sang Holdings International Limited
  • Chow Sang Sang Building
  • 4th Floor
  • Kowloon
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 10:04
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.