SEHK:1388

Stock Analysis Report

Executive Summary

Embry Holdings Limited, an investment holding company, designs, researches, develops, manufactures, trades in, and sells ladies brassieres, panties, swimwear, and sleepwear.

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Risks

  • Embry Holdings has significant price volatility in the past 3 months.
  • Embry Holdings is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.6%

SEHK:1388

-0.1%

HK Luxury

0.7%

HK Market


1 Year Return

-39.6%

SEHK:1388

9.9%

HK Luxury

-5.3%

HK Market

1388 underperformed the Luxury industry which returned 9.9% over the past year.

1388 underperformed the Market in Hong Kong which returned -5.3% over the past year.


Share holder returns

1388IndustryMarket
7 Day0.6%-0.1%0.7%
30 Day-2.9%3.9%4.9%
90 Day-23.5%7.9%-3.7%
1 Year-36.9%-39.6%13.6%9.9%-1.8%-5.3%
3 Year-48.9%-54.0%35.1%19.0%16.4%4.6%
5 Year-50.7%-58.5%38.4%11.2%18.0%-1.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Embry Holdings undervalued based on future cash flows and its price relative to the stock market?

6.85x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Embry Holdings's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Embry Holdings's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Embry Holdings is good value based on earnings compared to the HK Luxury industry average.

Embry Holdings is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Embry Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

Embry Holdings is good value based on assets compared to the HK Luxury industry average.


Next Steps

Future Growth

How is Embry Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Embry Holdings is high growth as no revenue estimate data is available.

Embry Holdings's earnings are expected to grow by 16.7% yearly, however this is not considered high growth (20% yearly).

Unable to compare Embry Holdings's revenue growth to the Hong Kong market average as no estimate data is available.

Embry Holdings's earnings growth is expected to exceed the Hong Kong market average.

Embry Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Embry Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Embry Holdings performed over the past 5 years?

9.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Embry Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Embry Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Embry Holdings's 1-year earnings growth is negative, it can't be compared to the HK Luxury industry average.


Return on Equity

Embry Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Embry Holdings used its assets less efficiently than the HK Luxury industry average last year based on Return on Assets.


Return on Capital Employed

Embry Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Embry Holdings's financial position?


Financial Position Analysis

Embry Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Embry Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Embry Holdings's level of debt (22.4%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (5.6% vs 22.4% today).

Debt is not well covered by operating cash flow (4.7%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 8.4x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.3x debt.


Next Steps

Dividend

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

5.42%

Current Dividend Yield


Dividend Yield and Payments Analysis

Embry Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.21%).

Embry Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (6.17%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.7x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Embry Holdings's salary, the management and board of directors tenure and is there insider trading?

12.8yrs

Average board tenure


CEO

Liza Cheng (56yo)

0yrs

Tenure

HK$4,985,000

Compensation

Ms. Pik Ho Cheng, also known as Liza, serves as the Chief Executive Officer of Embry Holdings Ltd., and served as its Compliance Officer. Ms. Cheng is responsible for overseeing the marketing and product d ...


CEO Compensation Analysis

Liza's remuneration is higher than average for companies of similar size in Hong Kong.

Liza's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

12.8yrs

Average Tenure

67yo

Average Age

The average tenure for the Embry Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellHK$1,781,11711 Sep 19
FIL Limited
EntityCompany
Shares1,060,000
Max PriceHK$1.68
SellHK$6,237,01021 May 19
FIL Limited
EntityCompany
Shares2,772,000
Max PriceHK$2.25

Ownership Breakdown


Management Team

  • Ming Chu Ngok (82yo)

    Executive Director

    • Tenure: 13.1yrs
    • Compensation: HK$6.08m
  • Liza Cheng (56yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: HK$4.99m
  • Qun Lu (65yo)

    Executive Director

    • Tenure: 4.6yrs
    • Compensation: HK$2.09m
  • Katie Fung (52yo)

    Chief Financial Officer

    • Tenure: 9.2yrs
  • Chuen Chuen Cheng (69yo)

    Executive Director

    • Tenure: 2yrs
    • Compensation: HK$828.00k
  • Ka Man So (45yo)

    Company Secretary

    • Tenure: 6.7yrs
  • Hei Chan

    Compliance Officer

    • Tenure: 0yrs

Board Members

  • Kevin Lau (61yo)

    Independent Non-Executive Director

    • Tenure: 12.8yrs
    • Compensation: HK$344.00k
  • Eddie Lee (54yo)

    Independent Non-Executive Director

    • Tenure: 12.8yrs
    • Compensation: HK$344.00k
  • Man Cheng (89yo)

    Executive Chairman

    • Tenure: 1.1yrs
    • Compensation: HK$2.07m
  • Ming Chu Ngok (82yo)

    Executive Director

    • Tenure: 13.1yrs
    • Compensation: HK$6.08m
  • Tien-Sheng Lee (70yo)

    Independent Non-Executive Director

    • Tenure: 12.8yrs
    • Compensation: HK$344.00k
  • Liza Cheng (56yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: HK$4.99m
  • Qun Lu (65yo)

    Executive Director

    • Tenure: 4.6yrs
    • Compensation: HK$2.09m
  • Chuen Chuen Cheng (69yo)

    Executive Director

    • Tenure: 2yrs
    • Compensation: HK$828.00k

Company Information

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


Key Information

  • Name: Embry Holdings Limited
  • Ticker: 1388
  • Exchange: SEHK
  • Founded: 1975
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$701.212m
  • Shares outstanding: 422.42m
  • Website: https://www.embrygroup.com

Number of Employees


Location

  • Embry Holdings Limited
  • Wyler Centre II
  • 7th Floor
  • Kwai Chung
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1388SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2006

Biography

Embry Holdings Limited, an investment holding company, designs, researches, develops, manufactures, trades in, and sells ladies brassieres, panties, swimwear, and sleepwear. The company sells its lingerie  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 12:41
End of Day Share Price2019/09/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.