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.
Adequate balance sheet and fair value.
Share Price & News
How has Crocodile Garments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 122 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 122 underperformed the Hong Kong Luxury industry which returned 8% over the past year.
Return vs Market: 122 underperformed the Hong Kong Market which returned -5.1% over the past year.
Price Volatility Vs. Market
How volatile is Crocodile Garments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StShould You Worry About Crocodile Garments Limited's (HKG:122) CEO Salary Level?
1 month ago | Simply Wall StHealth Check: How Prudently Does Crocodile Garments (HKG:122) Use Debt?
1 month ago | Simply Wall StDoes Crocodile Garments's (HKG:122) Statutory Profit Adequately Reflect Its Underlying Profit?
Is Crocodile Garments 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: 122 (HK$0.53) is trading below our estimate of fair value (HK$10.96)
Significantly Below Fair Value: 122 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 122 is poor value based on its PE Ratio (16.4x) compared to the Luxury industry average (8.2x).
PE vs Market: 122 is poor value based on its PE Ratio (16.4x) compared to the Hong Kong market (10.2x).
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 (0.3x) compared to the HK Luxury industry average (0.8x).
How is Crocodile Garments 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 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.
- Examine whether Crocodile Garments is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Crocodile Garments 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 Crocodile Garments performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 122 has a large one-off gain of HK$60.9M impacting its July 31 2019 financial results.
Growing Profit Margin: 122's current net profit margins (13%) are lower than last year (61.3%).
Past Earnings Growth Analysis
Earnings Trend: 122's earnings have grown by 16.6% per year over the past 5 years.
Accelerating Growth: 122's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 122 had negative earnings growth (-81.2%) over the past year, making it difficult to compare to the Luxury industry average (-1.7%).
Return on Equity
High ROE: 122's Return on Equity (1.7%) is considered low.
Return on Assets
Return on Capital Employed
How is Crocodile Garments's financial position?
Financial Position Analysis
Short Term Liabilities: 122's short term assets (HK$439.9M) do not cover its short term liabilities (HK$717.4M).
Long Term Liabilities: 122's short term assets (HK$439.9M) exceed its long term liabilities (HK$30.0M).
Debt to Equity History and Analysis
Debt Level: 122's debt to equity ratio (34.1%) is considered satisfactory.
Reducing Debt: 122's debt to equity ratio has reduced from 36.1% to 34.1% over the past 5 years.
Debt Coverage: 122's debt is well covered by operating cash flow (44%).
Interest Coverage: Insufficient data to determine if 122's interest payments on its debt are well covered by EBIT.
Inventory Level: 122 has a high level of physical assets or inventory.
Debt Coverage by Assets: 122's debt is not covered by short term assets (assets are 0.7x debt).
What is Crocodile Garments's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 122's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 122's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 122's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 122's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 122 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 122's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kin Ming Lam (82yo)
Dr. Kin Ming Lam, also known as Lawrence, served as Chief Executive Officer of Crocodile Graments Limited at Lai Sun Garment (International) Limited since February 2006. Dr. Lam has been the Chairman of La ...
CEO Compensation Analysis
Compensation vs Market: Kin Ming's total compensation ($USD927.65K) is above average for companies of similar size in the Hong Kong market ($USD226.20K).
Compensation vs Earnings: Kin Ming's compensation has been consistent with company performance over the past year.
|Chairman & CEO||14yrs||HK$7.21m||51.84% HK$245.6m|
|Deputy CEO & Executive Director||14yrs||HK$3.49m||0.58% HK$2.8m|
|Executive Director||26.2yrs||HK$370.00k||0.064% HK$305.0k|
|Executive Director||32.3yrs||HK$10.00k||no data|
|Executive Director||20.6yrs||HK$10.00k||no data|
|Independent Non-Executive Director||9yrs||HK$144.00k||no data|
|Independent Non Executive Director||18.3yrs||HK$144.00k||no data|
|Independent Non Executive Director||15.4yrs||HK$144.00k||no data|
|Non Executive Director||13.2yrs||HK$96.00k||no data|
Experienced Board: 122's board of directors are seasoned and experienced ( 15.4 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.
Crocodile Garments Limited's company bio, employee growth, exchange listings and data sources
- Name: Crocodile Garments Limited
- Ticker: 122
- Exchange: SEHK
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: HK$473.772m
- Shares outstanding: 947.54m
- Website: https://www.crocodile.com.hk
Number of Employees
- Crocodile Garments Limited
- Wing Tai Centre
- 12th Floor
- Kwun Tong
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|122||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
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 Trading of Securities. It offers menswear, ladies wear, children's clothing, including shirts, tees and polos, sweaters and knitwear, outerwear, pants, roomwear, and underwear; and accessories, such as bags and wallets, belts, shoes, scarves, socks, ties, and umbrellas, as well as distributes LACOSTE branded apparel. As of July 31, 2019, the company operated 21 shops under the Crocodile brand and 6 shops under the Lacoste brand in Hong Kong and Macau, as well as 13 shops, including 5 self-operated and 8 franchisee operated shops in Mainland China. Crocodile Garments Limited also sells its products through CROCODILE online shop and other e-channels. In addition, it is involved in the property investment and letting, and trading of securities. The company was is based in Kwun Tong, Hong Kong. Crocodile Garments Limited is a subsidiary of Rich Promise Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 12:44|
|End of Day Share Price||2020/02/20 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.