SEHK:125

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Sun Hing Vision Group Holdings

Executive Summary

Sun Hing Vision Group Holdings Limited, an investment holding company, manufactures and trades in eyewear products worldwide.


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

How has Sun Hing Vision Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 125's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.0%

125

6.6%

HK Luxury

3.4%

HK Market


1 Year Return

-54.5%

125

4.2%

HK Luxury

-7.8%

HK Market

Return vs Industry: 125 underperformed the Hong Kong Luxury industry which returned 1.9% over the past year.

Return vs Market: 125 underperformed the Hong Kong Market which returned -9.9% over the past year.


Shareholder returns

125IndustryMarket
7 Day-5.0%6.6%3.4%
30 Day-11.3%5.7%-1.4%
90 Day-26.5%-0.9%-5.8%
1 Year-52.3%-54.5%6.5%4.2%-4.8%-7.8%
3 Year-44.4%-54.1%25.2%12.0%-2.6%-12.4%
5 Year-32.2%-52.5%19.7%1.9%-13.6%-27.0%

Price Volatility Vs. Market

How volatile is Sun Hing Vision Group Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sun Hing Vision Group Holdings undervalued compared to its fair value and its price relative to the market?

43.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 125 (HK$1.33) is trading below our estimate of fair value (HK$2.35)

Significantly Below Fair Value: 125 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 125 is poor value based on its PE Ratio (18.4x) compared to the Luxury industry average (6.8x).

PE vs Market: 125 is poor value based on its PE Ratio (18.4x) compared to the Hong Kong market (9.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 125's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 125 is good value based on its PB Ratio (0.4x) compared to the HK Luxury industry average (0.7x).


Next Steps

Future Growth

How is Sun Hing Vision Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.9%

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 Sun Hing Vision Group 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.


Next Steps

Past Performance

How has Sun Hing Vision Group Holdings performed over the past 5 years?

-0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 125 has high quality earnings.

Growing Profit Margin: 125's current net profit margins (1.8%) are lower than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: 125's earnings have declined by -0.7% per year over the past 5 years.

Accelerating Growth: 125's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 125 had negative earnings growth (-73.7%) over the past year, making it difficult to compare to the Luxury industry average (3%).


Return on Equity

High ROE: 125's Return on Equity (2.1%) is considered low.


Next Steps

Financial Health

How is Sun Hing Vision Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 125's short term assets (HK$703.2M) exceed its short term liabilities (HK$270.2M).

Long Term Liabilities: 125's short term assets (HK$703.2M) exceed its long term liabilities (HK$25.8M).


Debt to Equity History and Analysis

Debt Level: 125's debt to equity ratio (5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 125's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 125's debt is well covered by operating cash flow (228.9%).

Interest Coverage: 125 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Sun Hing Vision Group Holdings's current dividend yield, its reliability and sustainability?

12.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 125's dividend (12.03%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.58%).

High Dividend: 125's dividend (12.03%) is in the top 25% of dividend payers in the Hong Kong market (7.38%)


Stability and Growth of Payments

Stable Dividend: 125's dividend payments have been volatile in the past 10 years.

Growing Dividend: 125's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (138.7%), 125'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.


Next Steps

Management

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

18.4yrs

Average board tenure


CEO

Otis Ku (52yo)

no data

Tenure

HK$1,033,000

Compensation

Mr. Ngai Yung Ku, also known as Otis, has been Director of Sun Hing Vision Group Holdings Ltd since March 2, 1999 and serves as its Managing Director and Chairman. Mr. Ku joined Sun Hing Vision Group Holdi ...


CEO Compensation Analysis

Compensation vs Market: Otis's total compensation ($USD133.25K) is below average for companies of similar size in the Hong Kong market ($USD224.71K).

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


Board Members

NamePositionTenureCompensationOwnership
Ngai Yung Ku
Chairman & MDno dataHK$1.03mno data
Ka Yung Ku
Deputy Chairman & CFOno dataHK$1.05mno data
Chi Sun Chan
Director of General Administration & Executive Director18.42yrsHK$1.33m0.58% HK$2.0m
Sau Ching Ma
Director of Marketing Development & Executive Director18.42yrsHK$1.40m0.13% HK$465.5k
Wa Kei Lo
Independent Non-Executive Director21yrsHK$144.00kno data
Kwong Yiu Lee
Independent Non-Executive Director19yrsHK$144.00kno data
Che Man Wong
Independent Non-Executive Director15.58yrsHK$144.00kno data

18.4yrs

Average Tenure

53yo

Average Age

Experienced Board: 125's board of directors are seasoned and experienced ( 18.4 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

Sun Hing Vision Group Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sun Hing Vision Group Holdings Limited
  • Ticker: 125
  • Exchange: SEHK
  • Founded:
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$349.495m
  • Shares outstanding: 262.78m
  • Website: https://www.sunhingoptical.com

Number of Employees


Location

  • Sun Hing Vision Group Holdings Limited
  • 1001C, Sunbeam Centre
  • 10th Floor
  • Kwun Tong
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
125SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMay 1999

Biography

Sun Hing Vision Group Holdings Limited, an investment holding company, manufactures and trades in eyewear products worldwide. The company offers plastic frames, metal frames, sunglasses, and related products on an original design manufacturing basis under the agnès b., New Balance, Jill Stuart, and Levi’s brands. It is also involved in trading of contact lens products; granting license of trademarks; and leasing of investment properties. The company is headquartered in Kwun Tong, Hong Kong. Sun Hing Vision Group Holdings Limited is a subsidiary of United Vision International Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 12:50
End of Day Share Price2020/05/29 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.