SEHK:1532

Stock Analysis Report

China Partytime Culture Holdings

Executive Summary

China Partytime Culture Holdings Limited, an investment holding company, designs, develops, produces, markets, and sells cosplay products and lingerie in the People’s Republic of China.

Risk Analysis

Earnings have declined by -59.58% per year over past 5 years

Highly volatile share price over past 3 months

Shareholders have been diluted in the past year

Does not have a meaningful market cap (HK$202M)



Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 1532's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.8%

1532

-0.2%

HK Luxury

-1.4%

HK Market


1 Year Return

-38.8%

1532

24.5%

HK Luxury

3.5%

HK Market

Return vs Industry: 1532 underperformed the Hong Kong Luxury industry which returned 28% over the past year.

Return vs Market: 1532 underperformed the Hong Kong Market which returned 6.4% over the past year.


Shareholder returns

1532IndustryMarket
7 Day-6.8%-0.2%-1.4%
30 Day-11.6%2.4%1.8%
90 Day120.4%6.7%6.0%
1 Year-38.8%-38.8%28.9%24.5%7.3%3.5%
3 Year-76.4%-76.4%48.8%31.4%23.3%10.8%
5 Yearn/a59.7%28.2%19.2%-0.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is China Partytime Culture Holdings undervalued compared to its fair value and its price relative to the market?

0.33x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1532's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1532's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1532 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 1532 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1532's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1532 is good value based on its PB Ratio (0.4x) compared to the HK Luxury industry average (0.9x).


Next Steps

Future Growth

How is China Partytime Culture Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.3%

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 China Partytime Culture 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 China Partytime Culture Holdings performed over the past 5 years?

-59.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1532 is currently unprofitable.

Growing Profit Margin: 1532 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1532 is unprofitable, and losses have increased over the past 5 years at a rate of -59.6% per year.

Accelerating Growth: Unable to compare 1532's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1532 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-2.8%).


Return on Equity

High ROE: 1532 has a negative Return on Equity (-5.22%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is China Partytime Culture Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1532's short term assets (CN¥151.9M) do not cover its short term liabilities (CN¥158.0M).

Long Term Liabilities: 1532 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 1532's debt to equity ratio (21.5%) is considered satisfactory.

Reducing Debt: 1532's debt to equity ratio has reduced from 35.1% to 21.5% over the past 5 years.

Debt Coverage: 1532's debt is not well covered by operating cash flow (1.4%).

Interest Coverage: 1532 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: 1532 has a high level of physical assets or inventory.

Debt Coverage by Assets: 1532's debt is covered by short term assets (assets are 1.4x debt).


Next Steps

Dividend

What is China Partytime Culture Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.2%markettop25%6.1%industryaverage2.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 1532's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 1532's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1532's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1532's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1532's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

2.6yrs

Average board tenure


CEO

Xin Fu Lin (37yo)

2.6yrs

Tenure

CN¥642,000

Compensation

Mr. Xin Fu Lin has been Chairman and Chief Executive Officer at China Partytime Culture Holdings Limited since June 27, 2017 and erves as its Executive Director since May 5, 2015. Mr. Lin is responsible fo ...


CEO Compensation Analysis

Compensation vs Market: Xin Fu's total compensation ($USD93.18K) is below average for companies of similar size in the Hong Kong market ($USD228.16K).

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


Board Age and Tenure

2.6yrs

Average Tenure

46yo

Average Age

Experienced Board: 1532's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Insider Trading

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 been diluted in the past year, with total shares outstanding growing by 12.4%.


Management Team

  • Vincent Phen (43yo)

    Executive Director

    • Tenure: 2.4yrs
    • Compensation: CN¥319.00k
  • Xin Fu Lin (37yo)

    Chairman & CEO

    • Tenure: 2.6yrs
    • Compensation: CN¥642.00k
  • Jeffrey Chong (41yo)

    CFO & Company Secretary

    • Tenure: 4.7yrs
  • Chi Kwan Ma (42yo)

    Executive Director

    • Tenure: 2.4yrs
    • Compensation: CN¥319.00k

Board Members

  • Vincent Phen (43yo)

    Executive Director

    • Tenure: 2.4yrs
    • Compensation: CN¥319.00k
  • Xin Fu Lin (37yo)

    Chairman & CEO

    • Tenure: 2.6yrs
    • Compensation: CN¥642.00k
  • Sheng Chen (46yo)

    Non-Executive Director

    • Tenure: 4.7yrs
    • Compensation: CN¥157.00k
  • Wen Hua Chen (52yo)

    Independent Non-Executive Director

    • Tenure: 4.4yrs
    • Compensation: CN¥101.00k
  • Xu Peng (47yo)

    Independent Non-Executive Director

    • Tenure: 4.4yrs
    • Compensation: CN¥101.00k
  • Chi Kwan Ma (42yo)

    Executive Director

    • Tenure: 2.4yrs
    • Compensation: CN¥319.00k
  • Jin Zheng (47yo)

    Independent Non-executive Director

    • Tenure: 0.6yrs

Company Information

China Partytime Culture Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Partytime Culture Holdings Limited
  • Ticker: 1532
  • Exchange: SEHK
  • Founded: 2004
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$184.033m
  • Shares outstanding: 897.72m
  • Website: https://www.partytime.com.cn

Number of Employees


Location

  • China Partytime Culture Holdings Limited
  • No. 3 Chunchao Road
  • Yichun Economic & Technological Development Zone
  • Yichun
  • Jiangxi Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1532SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2015

Biography

China Partytime Culture Holdings Limited, an investment holding company, designs, develops, produces, markets, and sells cosplay products and lingerie in the People’s Republic of China. The company operates through Wigs, and Clothing and Others segments. It offers roleplaying products, which include party costumes and roleplaying clothes, and wigs inspired by animation characters comprising popular animation, comics, cartoon, traditional fairy tale, movies, games, and party, as well as Halloween, Christmas, and holiday themes. The company markets its products under the Party Time, Secret Temptations, and Styler brand names. China Partytime Culture Holdings Limited also exports its products to approximately 30 countries and regions, including the United States, Germany, the United Kingdom, and Australia. The company was formerly known as China Animation Culture Group Holding Co., Ltd. and changed its name to China Partytime Culture Holdings Limited in April 2015. China Partytime Culture Holdings Limited was founded in 2004 and is headquartered in Yichun, the People’s Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/23 13:16
End of Day Share Price2020/01/22 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.