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1418

Sinomax Group SEHK:1418 Stock Report

Last Price

HK$0.18

Market Cap

HK$315.0m

7D

-1.1%

1Y

-21.7%

Updated

30 Jun, 2022

Data

Company Financials
1418 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends2/6

1418 Stock Overview

Sinomax Group Limited, an investment holding company, manufactures, and sells health and household products, and polyurethane foam.

Sinomax Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sinomax Group
Historical stock prices
Current Share PriceHK$0.18
52 Week HighHK$0.40
52 Week LowHK$0.13
Beta-0.15
1 Month Change10.43%
3 Month Change-5.26%
1 Year Change-21.74%
3 Year Change-23.73%
5 Year Change-76.32%
Change since IPO-82.69%

Recent News & Updates

Jun 13
Capital Allocation Trends At Sinomax Group (HKG:1418) Aren't Ideal

Capital Allocation Trends At Sinomax Group (HKG:1418) Aren't Ideal

When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...

Apr 28
Sinomax Group (HKG:1418) Has A Somewhat Strained Balance Sheet

Sinomax Group (HKG:1418) Has A Somewhat Strained Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Mar 15
Sinomax Group (HKG:1418) Could Be Struggling To Allocate Capital

Sinomax Group (HKG:1418) Could Be Struggling To Allocate Capital

If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Typically...

Shareholder Returns

1418HK Consumer DurablesHK Market
7D-1.1%7.2%3.1%
1Y-21.7%-46.9%-21.2%

Return vs Industry: 1418 exceeded the Hong Kong Consumer Durables industry which returned -46.9% over the past year.

Return vs Market: 1418 matched the Hong Kong Market which returned -21.2% over the past year.

Price Volatility

Is 1418's price volatile compared to industry and market?
1418 volatility
1418 Average Weekly Movement9.8%
Consumer Durables Industry Average Movement6.9%
Market Average Movement6.9%
10% most volatile stocks in HK Market13.7%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 1418 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 1418's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20003,258Tung Cheunghttps://www.sinomax.com/group

Sinomax Group Limited, an investment holding company, manufactures, and sells health and household products, and polyurethane foam. The company offers viscoelastic pillows, mattress toppers, and mattresses under the SINOMAX, Octaspring, Zeopedic, Zeosleep, PureLUX, Dream Serenity, ComforZen, Cradlez, Customizer, Design, Spa Supreme, and Tung Ah brands. It sells its products through self-operated stand-alone retail shops and concession counters in department store, as well as internet.

Sinomax Group Fundamentals Summary

How do Sinomax Group's earnings and revenue compare to its market cap?
1418 fundamental statistics
Market CapHK$315.00m
Earnings (TTM)HK$15.31m
Revenue (TTM)HK$4.26b

20.6x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1418 income statement (TTM)
RevenueHK$4.26b
Cost of RevenueHK$3.54b
Gross ProfitHK$716.95m
Other ExpensesHK$701.65m
EarningsHK$15.31m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0087
Gross Margin16.83%
Net Profit Margin0.36%
Debt/Equity Ratio58.4%

How did 1418 perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

46%

Payout Ratio

Does 1418 pay a reliable dividends?

See 1418 dividend history and benchmarks
When do you need to buy 1418 by to receive an upcoming dividend?
Sinomax Group dividend dates
Ex Dividend DateJul 04 2022
Dividend Pay DateJul 22 2022
Days until Ex dividend4 days
Days until Dividend pay date22 days

Does 1418 pay a reliable dividends?

See 1418 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 1418 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1418?

Other financial metrics that can be useful for relative valuation.

1418 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA10.5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 1418's PE Ratio compare to its peers?

1418 PE Ratio vs Peers
The above table shows the PE ratio for 1418 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.5x
1925 Kwung's Holdings
9.7xn/aHK$554.9m
146 Tai Ping Carpets International
11.8xn/aHK$152.8m
2223 Casablanca Group
10xn/aHK$119.9m
531 Samson Holding
6.3xn/aHK$1.4b
1418 Sinomax Group
20.6xn/aHK$315.0m

Price-To-Earnings vs Peers: 1418 is expensive based on its Price-To-Earnings Ratio (20.6x) compared to the peer average (9.5x).


Price to Earnings Ratio vs Industry

How does 1418's PE Ratio compare vs other companies in the HK Consumer Durables Industry?

Price-To-Earnings vs Industry: 1418 is expensive based on its Price-To-Earnings Ratio (20.6x) compared to the Hong Kong Consumer Durables industry average (9x)


Price to Earnings Ratio vs Fair Ratio

What is 1418's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1418 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1418's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1418 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1418 (HK$0.18) is trading above our estimate of fair value (HK$0.13)

Significantly Below Fair Value: 1418 is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1418's PEG Ratio to determine if it is good value.


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Future Growth

How is Sinomax Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.3%

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 Sinomax Group 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.


Discover growth companies

  • Examine Sinomax Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Sinomax Group competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Sinomax Group performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-24.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1418 has high quality earnings.

Growing Profit Margin: 1418's current net profit margins (0.4%) are lower than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: 1418's earnings have declined by 24.4% per year over the past 5 years.

Accelerating Growth: 1418's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1418 had negative earnings growth (-73.8%) over the past year, making it difficult to compare to the Consumer Durables industry average (-12.7%).


Return on Equity

High ROE: 1418's Return on Equity (3.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Sinomax Group's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1418's short term assets (HK$1.9B) exceed its short term liabilities (HK$1.5B).

Long Term Liabilities: 1418's short term assets (HK$1.9B) exceed its long term liabilities (HK$292.4M).


Debt to Equity History and Analysis

Debt Level: 1418's net debt to equity ratio (35.7%) is considered satisfactory.

Reducing Debt: 1418's debt to equity ratio has increased from 39.4% to 58.4% over the past 5 years.

Debt Coverage: 1418's debt is well covered by operating cash flow (26.7%).

Interest Coverage: 1418's interest payments on its debt are not well covered by EBIT (0.7x coverage).


Balance Sheet


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Dividend

What is Sinomax Group current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.22%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 30 2022Ex Dividend DateJul 04 2022Dividend Pay DateJul 22 202218 days from Ex DividendBuy in the next 4 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 1418's dividend (2.22%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.71%).

High Dividend: 1418's dividend (2.22%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.74%).


Stability and Growth of Payments

Stable Dividend: 1418 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1418 has only been paying a dividend for 8 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (45.7%), 1418's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (6.5%), 1418's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

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

10.0yrs

Average board tenure


CEO

Tung Cheung (45 yo)

no data

Tenure

HK$2,595,000

Compensation

Mr. Tung Cheung serves as the President of Sinomax Group Limited and has been its Executive Director since June 5, 2012. Mr. Cheung is responsible for the overall management and daily operations of Sinomax...


CEO Compensation Analysis

Compensation vs Market: Tung's total compensation ($USD330.71K) is above average for companies of similar size in the Hong Kong market ($USD232.99K).

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


Board Members

Experienced Board: 1418's board of directors are seasoned and experienced ( 10 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sinomax Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Sinomax Group Limited
  • Ticker: 1418
  • Exchange: SEHK
  • Founded: 2000
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Implied Market Cap: HK$315.000m
  • Shares outstanding: 1.75b
  • Website: https://www.sinomax.com/group

Number of Employees


Location

  • Sinomax Group Limited
  • MegaBox Enterprise Square Five
  • Tower 1, Level 20
  • Kowloon Bay
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/29 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.