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122

Crocodile GarmentsSEHK:122 Stock Report

Market Cap

HK$379.0m

7D

-2.4%

1Y

21.2%

Updated

29 Nov, 2021

Data

Company Financials
122 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

122 Stock Overview

Crocodile Garments Limited, together with its subsidiaries, engages in the manufacture, retail, and wholesale of garments and related accessories in Hong Kong and the People’s Republic of China.

Crocodile Garments Competitors

Lai Sun Development

SEHK:488

HK$3.8b

Lai Sun Garment (International)

SEHK:191

HK$2.1b

Lai Fung Holdings

SEHK:1125

HK$1.8b

Price History & Performance

Summary of all time highs, changes and price drops for Crocodile Garments
Historical stock prices
Current Share PriceHK$0.40
52 Week HighHK$0.61
52 Week LowHK$0.32
Beta0.63
1 Month Change-2.44%
3 Month Change-10.11%
1 Year Change21.21%
3 Year Change-41.18%
5 Year Change-59.60%
Change since IPO-32.58%

Recent News & Updates

Apr 04
Is Crocodile Garments (HKG:122) A Risky Investment?

Is Crocodile Garments (HKG:122) A Risky Investment?

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

Shareholder Returns

122HK LuxuryHK Market
7D-2.4%-7.1%-2.7%
1Y21.2%31.6%-6.3%

Return vs Industry: 122 underperformed the Hong Kong Luxury industry which returned 31.6% over the past year.

Return vs Market: 122 exceeded the Hong Kong Market which returned -6.3% over the past year.

Price Volatility

Is 122's price volatile compared to industry and market?
122 volatility
122 Average Weekly Movement4.8%
Luxury Industry Average Movement6.2%
Market Average Movement6.8%
10% most volatile stocks in HK Market13.4%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 122 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 122's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a157Vanessa Lamhttps://www.crocodile.com.hk

Crocodile Garments Limited, together with its subsidiaries, engages in the manufacture, retail, and wholesale of garments and related accessories in Hong Kong and the People’s Republic of China. The company operates in three segments: Garment and Related Accessories Business, Property Investment and Letting Business, and securities trading. It offers menswear, ladies wear, children's clothing, including shirts, ties, tees and polos, sweatshirts and knitwear, outerwear, pants, and underwear; and accessories, such as bags and wallets, belts, and umbrellas, as well as distributes LACOSTE branded apparel.

Crocodile Garments Fundamentals Summary

How do Crocodile Garments's earnings and revenue compare to its market cap?
122 fundamental statistics
Market CapHK$379.02m
Earnings (TTM)-HK$1.93m
Revenue (TTM)HK$112.00m

3.4x

P/S Ratio

-196.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
122 income statement (TTM)
RevenueHK$112.00m
Cost of RevenueHK$30.56m
Gross ProfitHK$81.44m
ExpensesHK$83.37m
Earnings-HK$1.93m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.002
Gross Margin72.71%
Net Profit Margin-1.73%
Debt/Equity Ratio36.5%

How did 122 perform over the long term?

See historical performance and comparison

Valuation

Is Crocodile Garments undervalued compared to its fair value and its price relative to the market?

0.25x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 122 (HK$0.4) is trading above our estimate of fair value (HK$0.04)

Significantly Below Fair Value: 122 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 122 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Luxury industry average.

PE vs Market: 122 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 122's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 122 is good value based on its PB Ratio (0.2x) compared to the HK Luxury industry average (0.7x).


Future Growth

How is Crocodile Garments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.5%

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 Crocodile Garments 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.


Past Performance

How has Crocodile Garments performed over the past 5 years?

-43.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 122 is currently unprofitable.

Growing Profit Margin: 122 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 122 is unprofitable, and losses have increased over the past 5 years at a rate of 43.7% per year.

Accelerating Growth: Unable to compare 122's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 122 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (34.9%).


Return on Equity

High ROE: 122 has a negative Return on Equity (-0.13%), as it is currently unprofitable.


Financial Health

How is Crocodile Garments's financial position?


Financial Position Analysis

Short Term Liabilities: 122's short term assets (HK$266.9M) do not cover its short term liabilities (HK$448.3M).

Long Term Liabilities: 122's short term assets (HK$266.9M) exceed its long term liabilities (HK$220.8M).


Debt to Equity History and Analysis

Debt Level: 122's net debt to equity ratio (25.4%) is considered satisfactory.

Reducing Debt: 122's debt to equity ratio has reduced from 41.6% to 36.5% over the past 5 years.

Debt Coverage: 122's debt is not well covered by operating cash flow (7.3%).

Interest Coverage: Insufficient data to determine if 122's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Crocodile Garments's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 122's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 122's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 122's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 122's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 122 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 122's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

16.5yrs

Average management tenure


CEO

Vanessa Lam (50 yo)

0.83

Tenure

HK$2,762,000

Compensation

Ms. Wai Shan Lam, also known as Vanessa, M.H., serves as Chairman and Chief Executive Officer at Crocodile Garments Limited since January 22, 2021. She served as a Deputy Chief Executive Officer of Crocodi...


CEO Compensation Analysis

Compensation vs Market: Vanessa's total compensation ($USD354.14K) is above average for companies of similar size in the Hong Kong market ($USD228.41K).

Compensation vs Earnings: Vanessa's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 122's management team is seasoned and experienced (16.5 years average tenure).


Board Members

Experienced Board: 122's board of directors are seasoned and experienced ( 16 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

Crocodile Garments Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Crocodile Garments Limited
  • Ticker: 122
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$379.017m
  • Shares outstanding: 947.54m
  • Website: https://www.crocodile.com.hk

Number of Employees


Location

  • Crocodile Garments Limited
  • Crocodile Center
  • 25th Floor
  • Kwun Tong
  • 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 Analysis2021/11/29 15:42
End of Day Share Price2021/11/29 00:00
Earnings2021/07/31
Annual Earnings2021/07/31


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.