SEHK:125

Stock Analysis Report

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

Fundamentals

Excellent balance sheet and good 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


Market Performance


7 Day Return

1.8%

125

3.1%

HK Luxury

2.2%

HK Market


1 Year Return

-8.4%

125

21.8%

HK Luxury

-1.3%

HK Market

Return vs Industry: 125 underperformed the Hong Kong Luxury industry which returned 21.8% over the past year.

Return vs Market: 125 underperformed the Hong Kong Market which returned -1.3% over the past year.


Share holder returns

125IndustryMarket
7 Day1.8%3.1%2.2%
30 Day-4.6%1.1%-2.9%
90 Day-19.6%6.6%-5.8%
1 Year-2.6%-8.4%26.1%21.8%2.3%-1.3%
3 Year4.8%-14.9%44.7%27.4%15.6%3.9%
5 Year26.3%-12.9%41.9%14.3%20.1%0.06%

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 based on future cash flows and its price relative to the stock market?

37%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: 125 (HK$2.29) is trading below our estimate of fair value (HK$3.63)

Significantly Undervalued: 125 is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: 125 is good value based on its PE Ratio (8.3x) compared to the Luxury industry average (9.5x).

PE vs Market: 125 is good value based on its PE Ratio (8.3x) compared to the Hong Kong market (10.3x).


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: 125 is good value based on its PB Ratio (0.6x) compared to the HK Luxury industry average (0.9x).


Next Steps

Future Growth

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

7.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: 125's forecast earnings growth (7.6% per year) is above the savings rate (2%).

Earnings vs Market: 125's earnings (7.6% per year) are forecast to grow slower than the Hong Kong market (11.2% per year).

High Growth Earnings: 125's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 125's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 125's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if 125's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

7.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 125's earnings have grown by 7.6% per year over the past 5 years.

Accelerating Growth: 125's earnings growth over the past year (12.6%) exceeds its 5-year average (7.6% per year).

Earnings vs Industry: 125 earnings growth over the past year (12.6%) exceeded the Luxury industry -4.9%.


Return on Equity

High ROE: 125's Return on Equity (7.6%) is considered low.


Return on Assets

ROA vs Industry: 125 has a higher Return on Assets than the Luxury industry average last year.


Return on Capital Employed

ROCE Improving: 125 has not improved its Return on Capital Employed over the past 3 years.


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$734.5M) exceeds its short term liabilities (HK$256.7M)

Long Term Liabilities: 125's short term assets (734.5M) exceeds its long term liabilities (2.7M)


Debt to Equity History and Analysis

Debt Level: 125's debt to equity ratio (4.9%) 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 (295.8%).

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


Balance Sheet

Inventory Level: 125 has a high level of physical assets or inventory.

Debt Coverage by Assets: 125's debt is covered by short term assets (assets are 15.793540x debt).


Next Steps

Dividend

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

6.99%

Current Dividend Yield


Dividend Yield vs Market

company7.0%marketbottom25%2.3%markettop25%6.3%industryaverage6.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: 125's dividend (6.99%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 125's dividend (6.99%) is in the top 25% of dividend payers in the Hong Kong market (6.35%)

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 reasonable payout ratio (52.8%), 125's dividend payments are 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

What is the CEO of Sun Hing Vision Group Holdings's salary, the management and board of directors tenure and is there insider trading?

17.8yrs

Average board tenure


CEO

Otis Ku (52yo)

0yrs

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 ($USD131.69K) is about average for companies of similar size in the Hong Kong market ($USD211.63K).

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


Board Age and Tenure

17.8yrs

Average Tenure

53yo

Average Age

Experienced Board: 125's board of directors are seasoned and experienced ( 17.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellHK$5,040,00701 Aug 19
United Vision International Limited
EntityCompany
Shares1,800,000
Max PriceHK$2.80

Ownership Breakdown


Management Team

  • Ka Yung Ku (46yo)

    Deputy Chairman & CFO

    • Tenure: 0yrs
    • Compensation: HK$1.05m
  • Chi Sun Chan (53yo)

    Director of General Administration & Executive Director

    • Tenure: 17.8yrs
    • Compensation: HK$1.33m
  • Otis Ku (52yo)

    Chairman & MD

    • Tenure: 0yrs
    • Compensation: HK$1.03m
  • Sau Ching Ma (57yo)

    Director of Marketing Development & Executive Director

    • Tenure: 17.8yrs
    • Compensation: HK$1.40m
  • Clarence Lun (44yo)

    Financial Controller & Company Secretary

    • Tenure: 0yrs

Board Members

  • Ka Yung Ku (46yo)

    Deputy Chairman & CFO

    • Tenure: 0yrs
    • Compensation: HK$1.05m
  • Chi Sun Chan (53yo)

    Director of General Administration & Executive Director

    • Tenure: 17.8yrs
    • Compensation: HK$1.33m
  • Roy Lo (47yo)

    Independent Non-Executive Director

    • Tenure: 20.4yrs
    • Compensation: HK$144.00k
  • Otis Ku (52yo)

    Chairman & MD

    • Tenure: 0yrs
    • Compensation: HK$1.03m
  • Kwong Yiu Lee (56yo)

    Independent Non-Executive Director

    • Tenure: 18.4yrs
    • Compensation: HK$144.00k
  • Sau Ching Ma (57yo)

    Director of Marketing Development & Executive Director

    • Tenure: 17.8yrs
    • Compensation: HK$1.40m
  • Eddy Wong (59yo)

    Independent Non-Executive Director

    • Tenure: 15.1yrs
    • Compensation: HK$144.00k

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$585.996m
  • 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 produc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:39
End of Day Share Price2019/10/14 00:00
Earnings2019/03/31
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.

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