SEHK:116

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Chow Sang Sang Holdings International

Executive Summary

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


Snowflake Analysis

Flawless balance sheet average dividend payer.

Share Price & News

How has Chow Sang Sang Holdings International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 116 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.7%

116

3.3%

HK Luxury

1.2%

HK Market


1 Year Return

-5.5%

116

12.2%

HK Luxury

2.3%

HK Market

Return vs Industry: 116 underperformed the Hong Kong Luxury industry which returned 12.2% over the past year.

Return vs Market: 116 underperformed the Hong Kong Market which returned 2.3% over the past year.


Shareholder returns

116IndustryMarket
7 Day5.7%3.3%1.2%
30 Day7.3%11.9%6.1%
90 Day6.3%31.4%3.1%
1 Year-2.0%-5.5%14.5%12.2%6.6%2.3%
3 Year-41.9%-48.8%48.7%34.9%-4.7%-15.1%
5 Year-30.7%-42.8%77.4%51.5%19.1%-1.1%

Price Volatility Vs. Market

How volatile is Chow Sang Sang Holdings International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

47.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 116 (HK$8.65) is trading below our estimate of fair value (HK$16.47)

Significantly Below Fair Value: 116 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 116 is poor value based on its PE Ratio (24.4x) compared to the HK Luxury industry average (11.2x).

PE vs Market: 116 is poor value based on its PE Ratio (24.4x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: 116's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 116 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 Chow Sang Sang Holdings International forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

-11.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 116's earnings are forecast to decline over the next 3 years (-11.5% per year).

Earnings vs Market: 116's earnings are forecast to decline over the next 3 years (-11.5% per year).

High Growth Earnings: 116's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 116's revenue is expected to decline over the next 3 years (-21.3% per year).

High Growth Revenue: 116's revenue is forecast to decline over the next 3 years (-21.3% 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 (7.7%).


Next Steps

Past Performance

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

-9.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 116 has high quality earnings.

Growing Profit Margin: 116's current net profit margins (1.6%) are lower than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: 116's earnings have declined by 9.8% per year over the past 5 years.

Accelerating Growth: 116's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 116 had negative earnings growth (-76.5%) over the past year, making it difficult to compare to the Luxury industry average (-29.5%).


Return on Equity

High ROE: 116's Return on Equity (2.2%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: 116's short term assets (HK$11.7B) exceed its short term liabilities (HK$3.3B).

Long Term Liabilities: 116's short term assets (HK$11.7B) exceed its long term liabilities (HK$1.4B).


Debt to Equity History and Analysis

Debt Level: 116's debt to equity ratio (20.1%) is considered satisfactory.

Reducing Debt: 116's debt to equity ratio has reduced from 36.9% to 20.1% over the past 5 years.

Debt Coverage: 116's debt is well covered by operating cash flow (108.6%).

Interest Coverage: 116's interest payments on its debt are well covered by EBIT (1345.9x coverage).


Balance Sheet


Next Steps

Dividend

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

4.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 116's dividend (4.51%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).

High Dividend: 116's dividend (4.51%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.77%).


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 increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (84.7%), 116's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 116's dividends in 3 years are forecast to be well covered by earnings (21.7% payout ratio).


Next Steps

Management

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

16.1yrs

Average board tenure


CEO

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


Board Members

NamePositionTenureCompensationOwnership
Wing Shing Chow
Chairman & Group GM7.25yrsHK$3.93mno data
Wun Sing Chow
Group Deputy GM & Executive Director28.25yrsHK$3.24m9.06%
HK$ 530.7m
King Sing Chow
Executive Director28.67yrsHK$701.00k9.12%
HK$ 534.4m
Ka Lun Lee
Independent Non Executive Director16.08yrsHK$430.00kno data
Leung Huel Ting
Non Executive Director16.08yrsHK$360.00kno data
Pui Lam Chung
Non Executive Director16.08yrsHK$360.00kno data
Bing Fun Chan
Independent Non-Executive Director28.67yrsHK$360.00k0.19%
HK$ 11.4m
King Man Lo
Independent Non Executive Director16.08yrsHK$360.00kno data
Man Lung Lau
Independent Non-Executive Director7.83yrsHK$360.00kno data

16.1yrs

Average Tenure

73yo

Average Age

Experienced Board: 116's board of directors are seasoned and experienced ( 16.1 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 company bio, 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$5.860b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
116SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
CHOW.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
CJW1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Biography

Chow Sang Sang Holdings International Limited, an investment holding company, manufactures and retails jewellery. The company operates through four segments: Manufacture and Retail of Jewellery, Wholesale ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 12:41
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.