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Kader Holdings

SEHK:180
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
180
SEHK
HK$798M
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company description

Kader Holdings Company Limited, an investment holding company, manufactures, trades in, and sells plastic, electronic, and stuffed toys and model trains in Hong Kong, Mainland China, North America, Europe, and internationally. The last earnings update was 33 days ago. More info.


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180 Share Price and Events
7 Day Returns
-1.2%
SEHK:180
-1.2%
HK Leisure
-2.4%
HK Market
1 Year Returns
-45.5%
SEHK:180
-28.5%
HK Leisure
-16.5%
HK Market
180 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kader Holdings (180) -1.2% -4.5% -6.7% -45.5% 18.3% 104.9%
HK Leisure -1.2% -6.4% -7.3% -28.5% -36.5% -42.8%
HK Market -2.4% -9% -8.1% -16.5% 19.3% 4.9%
1 Year Return vs Industry and Market
  • 180 underperformed the Leisure industry which returned -28.5% over the past year.
  • 180 underperformed the Market in Hong Kong which returned -16.5% over the past year.
Price Volatility
180
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kader Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kader Holdings.

SEHK:180 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:180
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.897 (1 + (1- 25%) (33.56%))
1.082
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.082 * 6.65%)
9.2%

Discounted Cash Flow Calculation for SEHK:180 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kader Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:180 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 9.2%)
2019 38.03 Est @ -39.56% 34.83
2020 27.73 Est @ -27.09% 23.25
2021 22.64 Est @ -18.36% 17.39
2022 19.86 Est @ -12.25% 13.97
2023 18.28 Est @ -7.98% 11.77
2024 17.37 Est @ -4.98% 10.24
2025 16.87 Est @ -2.89% 9.11
2026 16.63 Est @ -1.42% 8.22
2027 16.56 Est @ -0.39% 7.50
2028 16.62 Est @ 0.33% 6.89
Present value of next 10 years cash flows HK$143.18
SEHK:180 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$16.62 × (1 + 2%) ÷ (9.2% – 2%)
HK$235.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$235.55 ÷ (1 + 9.2%)10
HK$97.71
SEHK:180 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$143.18 + HK$97.71
HK$240.89
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$240.89 / 950.59
HK$0.25
SEHK:180 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.25
Current discount Discount to share price of HK$0.84
= -1 x (HK$0.84 - HK$0.25) / HK$0.25
-231.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kader Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kader Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kader Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:180 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.19
SEHK:180 Share Price ** SEHK (2019-05-24) in HKD HK$0.84
Hong Kong Leisure Industry PE Ratio Median Figure of 12 Publicly-Listed Leisure Companies 11.33x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 10.99x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kader Holdings.

SEHK:180 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:180 Share Price ÷ EPS (both in HKD)

= 0.84 ÷ 0.19

4.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kader Holdings is good value based on earnings compared to the HK Leisure industry average.
  • Kader Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Kader Holdings's expected growth come at a high price?
Raw Data
SEHK:180 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
13.9%per year
Global Leisure Industry PEG Ratio Median Figure of 28 Publicly-Listed Leisure Companies 1.34x
Hong Kong Market PEG Ratio Median Figure of 462 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Kader Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kader Holdings's assets?
Raw Data
SEHK:180 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$2.41
SEHK:180 Share Price * SEHK (2019-05-24) in HKD HK$0.84
Hong Kong Leisure Industry PB Ratio Median Figure of 21 Publicly-Listed Leisure Companies 1.15x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.94x
SEHK:180 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:180 Share Price ÷ Book Value per Share (both in HKD)

= 0.84 ÷ 2.41

0.35x

* Primary Listing of Kader Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kader Holdings is good value based on assets compared to the HK Leisure industry average.
X
Value checks
We assess Kader Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check)
  5. Kader Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover Kader Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kader Holdings expected to grow at an attractive rate?
  • Kader Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Kader Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Kader Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:180 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:180 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 13.9%
Hong Kong Leisure Industry Earnings Growth Rate Market Cap Weighted Average 17.7%
Global Leisure Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:180 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:180 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 674 91 182
2018-09-30 729 103 237
2018-06-30 781 115 292
2018-03-31 807 132 307
2017-12-31 836 148 322
2017-09-30 807 129 233
2017-06-30 779 110 144
2017-03-31 771 102 134
2016-12-31 763 93 123
2016-09-30 816 134 121
2016-06-30 870 175 118
2016-03-31 888 190 121

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kader Holdings's earnings are expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Kader Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:180 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Kader Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:180 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.19
2018-09-30 0.25
2018-06-30 0.31
2018-03-31 0.32
2017-12-31 0.34
2017-09-30 0.25
2017-06-30 0.15
2017-03-31 0.14
2016-12-31 0.13
2016-09-30 0.13
2016-06-30 0.12
2016-03-31 0.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Kader Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Kader Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kader Holdings has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Kader Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kader Holdings's growth in the last year to its industry (Leisure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kader Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Kader Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Kader Holdings's 1-year earnings growth is negative, it can't be compared to the HK Leisure industry average.
Earnings and Revenue History
Kader Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kader Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:180 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 673.55 181.75 234.55
2018-09-30 729.04 236.72 240.26
2018-06-30 780.97 291.69 232.41
2018-03-31 806.68 306.72 232.69
2017-12-31 835.95 321.75 246.55
2017-09-30 807.25 233.01 237.14
2017-06-30 778.55 144.27 227.74
2017-03-31 770.69 133.59 233.75
2016-12-31 762.82 122.91 239.76
2016-09-30 816.47 120.55 259.75
2016-06-30 870.13 118.20 279.74
2016-03-31 888.34 121.27 287.13
2015-12-31 906.56 124.34 294.53
2015-09-30 903.20 183.58 285.36
2015-06-30 899.84 242.82 276.18
2015-03-31 871.93 194.33 289.37
2014-12-31 844.03 145.84 302.55
2014-09-30 863.12 108.54 331.67
2014-06-30 882.21 71.25 360.79
2014-03-31 914.12 61.09 381.90
2013-12-31 946.04 50.93 403.01
2013-09-30 1,049.33 113.94 458.70
2013-06-30 1,152.62 176.95 514.40
2013-03-31 1,210.54 170.77 554.44
2012-12-31 1,268.46 164.59 594.49
2012-09-30 1,233.67 90.17 621.88
2012-06-30 1,198.87 15.75 649.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kader Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kader Holdings used its assets less efficiently than the HK Leisure industry average last year based on Return on Assets.
  • Kader Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kader Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kader Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Kader Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kader Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kader Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kader Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kader Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kader Holdings Company Filings, last reported 4 months ago.

SEHK:180 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,295.10 267.94 141.57
2018-09-30 2,295.10 267.94 141.57
2018-06-30 2,123.61 273.53 82.11
2018-03-31 2,123.61 273.53 82.11
2017-12-31 2,130.30 282.91 120.22
2017-09-30 2,130.30 282.91 120.22
2017-06-30 1,839.95 318.72 81.46
2017-03-31 1,839.95 318.72 81.46
2016-12-31 1,802.23 329.59 87.12
2016-09-30 1,802.23 329.59 87.12
2016-06-30 1,710.83 395.38 97.31
2016-03-31 1,710.83 395.38 97.31
2015-12-31 1,717.46 366.70 78.39
2015-09-30 1,717.46 366.70 78.39
2015-06-30 1,616.22 503.15 96.13
2015-03-31 1,616.22 503.15 96.13
2014-12-31 1,589.61 556.77 116.47
2014-09-30 1,589.61 556.77 116.47
2014-06-30 1,391.07 580.06 69.51
2014-03-31 1,391.07 580.06 69.51
2013-12-31 1,352.99 560.91 98.32
2013-09-30 1,352.99 560.91 98.32
2013-06-30 1,184.35 519.03 61.49
2013-03-31 1,184.35 519.03 61.49
2012-12-31 1,293.45 470.09 135.16
2012-09-30 1,293.45 470.09 135.16
2012-06-30 1,013.36 482.75 72.73
  • Kader Holdings's level of debt (11.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (41.5% vs 11.7% today).
  • Debt is well covered by operating cash flow (34%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.1x coverage).
X
Financial health checks
We assess Kader Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kader Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.19%
Current annual income from Kader Holdings dividends.
If you bought HK$2,000 of Kader Holdings shares you are expected to receive HK$24 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kader Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.1%).
  • Kader Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.83%).
Upcoming dividend payment

Purchase Kader Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:180 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Leisure Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:180 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-23 0.010 1.169
2019-03-28 0.010 1.077
2018-04-25 0.020 1.885
2018-03-28 0.020 1.164
2017-04-25 0.015 1.533
2017-03-30 0.015 2.016
2016-04-25 0.015 2.059
2016-03-30 0.015 2.083
2012-09-19 0.000 0.000
2012-08-30 0.000 0.000
2012-04-20 0.000 0.000
2012-03-29 0.000 0.000
2011-03-30 0.015 3.471
2010-04-19 0.015 3.228
2009-09-25 0.000 0.000
2009-09-18 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kader Holdings is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are stable.
  • Kader Holdings is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Kader Holdings's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Kader Holdings's dividends as it is not paying a notable one for Hong Kong.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Kader Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kader Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kader Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kenneth Ting
COMPENSATION HK$2,244,000
AGE 76
TENURE AS CEO 6.8 years
CEO Bio

Mr. Woo Shou Ting, SBS, JP, also known as Kenneth, serves as the President at HK Wuxi Trade Association Limited. Mr. Ting has been the Chief Executive Officer of Kader Holdings Company Limited since 1989 and as its Chairman since July 2, 2010. Mr. Ting served as Managing Director of Kader Holdings Company Limited from 1989 to July 2, 2010. Mr. Ting serves as the Chairman of Kader Industrial Company Limited since 1993 and has been its Director since 1971. He has been an Independent Non Executive Director of Wheelock and Company Ltd. since September 1, 2003. He is an Executive Director of Kader Holdings Co. Ltd. He has been an Independent Non-Executive Director at Cheuk Nang (Holdings) Limited since November 17, 2012. He is a Director of Wheelock Properties Limited. He serves as an Independent & Non-Executive Director of Times Ltd. He serves as a Director of H.C. Ting's Holdings Limited. He served as an Independent Non-Executive Director of New Island Printing Holdings Ltd. from July 15, 2007 to October 21, 2010. He was a Non Executive Director at Van Shung Chong Holdings Ltd. until August 26, 2005. Mr. Ting is honorary President of the Federation of Hong Kong Industries in the Legislative Council, the Chairman of the Federation of Hong Kong Industries and served as its a Deputy Chairman. He is the President of the Hong Kong Plastics Manufacturers' Association, the Chairman of the Vocational Training Council-Plastics Industry Training Board, the Honorary President of the Toys Manufacturers' Association of Hong Kong Limited, a Director at the Hong Kong Plastics Technology Centre and a member of the Hong Kong Trade Development Council and the Council of The Hong Kong Polytechnic University. He serves as a Member of the Chinese Manufacturers' Association of Hong Kong and the Hong Kong General Chamber of Commerce. He is a member of the Board of Directors of the Faculty of Business and Economics of The University of Hong Kong. He also serves as member of the Jiangsu Provincial Committee of Chinese People's Political Consultative Conference. He served as an Independent & Non-Executive Director, Member of Audit Committee, Member of Remuneration Committee and Member of Nantong Times Property Committee at Lotte Mart China Co., Ltd. Mr. Ting graduated from the University of Illinois with a Bachelor of Science degree in Mechanical Engineering.

CEO Compensation
  • Kenneth's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kenneth's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Kenneth Ting

TITLE
Executive Chairman
COMPENSATION
HK$2M
AGE
76
TENURE
6.8 yrs

Ivan Ting

TITLE
Executive Director
COMPENSATION
HK$70K
AGE
43

Nancy Ting

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
70

Wai-Keung Lao

TITLE
Company Secretary
TENURE
7.2 yrs
Board of Directors Tenure

Average tenure and age of the Kader Holdings board of directors in years:

10.2
Average Tenure
52
Average Age
  • The average tenure for the Kader Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Kenneth Ting

TITLE
Executive Chairman
COMPENSATION
HK$2M
AGE
76
TENURE
8.8 yrs

Ivan Ting

TITLE
Executive Director
COMPENSATION
HK$70K
AGE
43
TENURE
6.8 yrs

Nancy Ting

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
70
TENURE
11.3 yrs

Andrew Yao

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
52
TENURE
14.7 yrs

Desmond Chum

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
45
TENURE
10.2 yrs

Floyd Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
74
TENURE
14.7 yrs

Bernie Ting

TITLE
Non-Executive Director
COMPENSATION
HK$80K
AGE
52
TENURE
8.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Kader Holdings insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
17. Apr 19 Buy Woo Shou Ting Individual 12. Apr 19 12. Apr 19 662,000 HK$0.92 HK$609,038
24. Jul 18 Buy Woo Shou Ting Individual 23. Jul 18 23. Jul 18 16,000 HK$1.20 HK$19,200
24. Jul 18 Buy Woo Shou Ting Individual 20. Jul 18 20. Jul 18 8,000 HK$1.20 HK$9,600
30. May 18 Sell Woo Shou Ting Individual 29. May 18 29. May 18 -2,000 HK$1.63 HK$-3,260
29. May 18 Sell Woo Shou Ting Individual 28. May 18 28. May 18 -2,000 HK$1.63 HK$-3,260
X
Management checks
We assess Kader Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kader Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Kader Holdings Company Limited (HKG:180) A Strong Dividend Stock?

Kader Holdings Company Limited (HKG:180) has returned to shareholders over the past 10 years, an average dividend yield of 1.00% annually. … Let's dig deeper into whether Kader Holdings should have a place in your portfolio. … See our latest analysis for Kader Holdings

Simply Wall St -

A Look At Kader Holdings Company Limited's (HKG:180) Exceptional Fundamentals

Kader Holdings Company Limited (HKG:180) is a company with exceptional fundamental characteristics. … is a company with great financial health as well as a. … Below is a brief commentary on these key aspects

Simply Wall St -

Company Info

Description

Kader Holdings Company Limited, an investment holding company, manufactures, trades in, and sells plastic, electronic, and stuffed toys and model trains in Hong Kong, Mainland China, North America, Europe, and internationally. It operates through three segments: Toys and Model Trains, Property Investment, and Investment Holding. The company produces model train locomotives; other hobby items comprising electronic slot racing cars and digital controls, as well as accessories, such as scenery, promotional cars, and trucks; and scale locomotives, coach cars, rolling stockcars, cabooses, and other accessories under the Bachmann brand, as well as offers original design manufacture services in model railroads. It also provides engineering and design solutions comprising product design and development, mould design and development, and electronic and production process engineering; and designs and manufactures plush and educational toys for babies under the Tinco brand, as well as offers a range of original equipment manufacturing services. In addition, the company leases office premises and industrial buildings. Further, it invests in securities; provides management services; and manufactures and sells moulds, as well as operates as an agent for sale of toys. Additionally, the company engages in sub-letting wine cellar. Kader Holdings Company Limited was founded in 1948 and is headquartered in Kowloon Bay, Hong Kong.

Details
Name: Kader Holdings Company Limited
180
Exchange: SEHK
Founded: 1948
HK$798,493,912
950,587,991
Website: http://www.kaderholdings.com
Address: Kader Holdings Company Limited
Kader Building,
11th Floor,
Kowloon Bay,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 180 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,678
Kader Holdings employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 12:41
End of day share price update: 2019/05/24 00:00
Last earnings filing: 2019/04/23
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.