SEHK:1382

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Pacific Textiles Holdings

Executive Summary

Pacific Textiles Holdings Limited, an investment holding company, engages in manufacturing and trading textile products. More Details


Snowflake Analysis

Flawless balance sheet established dividend payer.

Share Price & News

How has Pacific Textiles Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1382 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.1%

1382

4.0%

HK Luxury

1.5%

HK Market


1 Year Return

-29.6%

1382

7.5%

HK Luxury

1.4%

HK Market

Return vs Industry: 1382 underperformed the Hong Kong Luxury industry which returned 7.5% over the past year.

Return vs Market: 1382 underperformed the Hong Kong Market which returned 1.4% over the past year.


Shareholder returns

1382IndustryMarket
7 Day5.1%4.0%1.5%
30 Day6.6%5.5%-0.7%
90 Day-3.1%17.2%3.6%
1 Year-22.4%-29.6%9.6%7.5%5.4%1.4%
3 Year-40.6%-53.4%41.3%28.6%-4.3%-14.6%
5 Year-49.3%-65.4%67.7%43.0%24.7%3.7%

Price Volatility Vs. Market

How volatile is Pacific Textiles Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pacific Textiles Holdings undervalued compared to its fair value and its price relative to the market?

29.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1382 (HK$3.74) is trading below our estimate of fair value (HK$5.27)

Significantly Below Fair Value: 1382 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1382 is good value based on its PE Ratio (7.3x) compared to the HK Luxury industry average (11x).

PE vs Market: 1382 is good value based on its PE Ratio (7.3x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: 1382 is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: 1382 is overvalued based on its PB Ratio (1.8x) compared to the HK Luxury industry average (0.7x).


Next Steps

Future Growth

How is Pacific Textiles Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1382's forecast earnings growth (6.3% per year) is above the savings rate (1.6%).

Earnings vs Market: 1382's earnings (6.3% per year) are forecast to grow slower than the Hong Kong market (22.5% per year).

High Growth Earnings: 1382's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1382's revenue (4.8% per year) is forecast to grow slower than the Hong Kong market (13.2% per year).

High Growth Revenue: 1382's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1382's Return on Equity is forecast to be high in 3 years time (27.7%)


Next Steps

Past Performance

How has Pacific Textiles Holdings performed over the past 5 years?

-9.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1382 has high quality earnings.

Growing Profit Margin: 1382's current net profit margins (13.6%) are lower than last year (14.1%).


Past Earnings Growth Analysis

Earnings Trend: 1382's earnings have declined by 9% per year over the past 5 years.

Accelerating Growth: 1382's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1382 had negative earnings growth (-13.7%) over the past year, making it difficult to compare to the Luxury industry average (-36.3%).


Return on Equity

High ROE: 1382's Return on Equity (25.6%) is considered high.


Next Steps

Financial Health

How is Pacific Textiles Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1382's short term assets (HK$2.9B) exceed its short term liabilities (HK$1.6B).

Long Term Liabilities: 1382's short term assets (HK$2.9B) exceed its long term liabilities (HK$202.7M).


Debt to Equity History and Analysis

Debt Level: 1382's debt to equity ratio (28.8%) is considered satisfactory.

Reducing Debt: 1382's debt to equity ratio has reduced from 32.4% to 28.8% over the past 5 years.

Debt Coverage: 1382's debt is well covered by operating cash flow (100%).

Interest Coverage: 1382 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Pacific Textiles Holdings's current dividend yield, its reliability and sustainability?

11.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1382's dividend (11.76%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 1382's dividend (11.76%) is in the top 25% of dividend payers in the Hong Kong market (6.91%)


Stability and Growth of Payments

Stable Dividend: 1382's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1382's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (85.4%), 1382's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1382's dividends in 3 years are forecast to be covered by earnings (87.9% payout ratio).


Next Steps

Management

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

5.2yrs

Average management tenure


CEO

Wai Loi Wan (70 yo)

5.17yrs

Tenure

HK$23,321,000

Compensation

Mr. Wai Loi Wan founded Pacific Textiles Holdings Limited in 1997 and has been its Chief Executive Officer since July 1, 2015. He serves as Chairman of Pacific Textiles Holdings Limited and has been its Ex ...


CEO Compensation Analysis

Compensation vs Market: Wai Loi's total compensation ($USD3.01M) is above average for companies of similar size in the Hong Kong market ($USD470.23K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Wai Loi Wan
Founder5.17yrsHK$23.32m0.80%
HK$ 42.4m
Masaru Okutomi
Vice Chairman1.17yrsHK$2.79mno data
Kit Vai Tou
CFO & Executive Director3.17yrsHK$4.93m0.050%
HK$ 2.6m
Toshiya Ishii
Executive Director2.92yrsHK$3.13mno data
Sian Chung Tsang
Chief Information Officerno datano datano data
Chi Man Lai
General Manager of Salesno datano datano data
Koji Asada
General Manager of Marketing3.67yrsno datano data
E. Rohan Goonetilleke
Managing Director of Textured Jersey Lanka (Private) Limited17.25yrsno datano data
Sau Yee Chan
Company Secretary2.83yrsno datano data

5.2yrs

Average Tenure

57yo

Average Age

Experienced Management: 1382's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Wai Loi Wan
Founder5.17yrsHK$23.32m0.80%
HK$ 42.4m
Masaru Okutomi
Vice Chairman1.17yrsHK$2.79mno data
Kit Vai Tou
CFO & Executive Director3.17yrsHK$4.93m0.050%
HK$ 2.6m
Toshiya Ishii
Executive Director2.92yrsHK$3.13mno data
Yue Kwong Chan
Independent Non-Executive Director13.5yrsHK$250.00kno data
Kwok Wing Sze
Independent Non-Executive Director13.67yrsHK$250.00k0.046%
HK$ 2.4m
Ching Wah Ng
Independent Non-Executive Director13.67yrsHK$250.00kno data
Yiu Tong Lau
Non-Executive Director13.67yrsHK$1.74m3.78%
HK$ 199.7m

13.5yrs

Average Tenure

65.5yo

Average Age

Experienced Board: 1382's board of directors are seasoned and experienced ( 13.5 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

Pacific Textiles Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pacific Textiles Holdings Limited
  • Ticker: 1382
  • Exchange: SEHK
  • Founded: 1997
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: HK$5.278b
  • Shares outstanding: 1.41b
  • Website: https://www.pacific-textiles.com

Number of Employees


Location

  • Pacific Textiles Holdings Limited
  • Eastern Sea Industrial Building
  • 7th Floor
  • Kwai Chung
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1382SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMay 2007
WHEDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2007
1382SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMay 2007
1382SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMay 2007

Biography

Pacific Textiles Holdings Limited, an investment holding company, engages in manufacturing and trading textile products. The company is involved in the knitting, dyeing, printing, and finishing of fabrics. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 19:29
End of Day Share Price2020/09/18 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.