SEHK:1906

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Bonny International Holding

Executive Summary

Bonny International Holding Limited, an investment holding company, manufactures, trades, and sells intimate wear products and functional sportswear. More Details


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Bonny International Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1906 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.0%

1906

3.1%

HK Luxury

1.1%

HK Market


1 Year Return

-43.1%

1906

11.0%

HK Luxury

1.4%

HK Market

Return vs Industry: 1906 underperformed the Hong Kong Luxury industry which returned 11% over the past year.

Return vs Market: 1906 underperformed the Hong Kong Market which returned 1.4% over the past year.


Shareholder returns

1906IndustryMarket
7 Day1.0%3.1%1.1%
30 Day-4.8%12.2%7.0%
90 Day-10.0%27.4%2.4%
1 Year-43.1%-43.1%13.2%11.0%5.6%1.4%
3 Yearn/a49.2%35.2%-4.4%-14.8%
5 Yearn/a78.3%52.3%20.5%0.2%

Price Volatility Vs. Market

How volatile is Bonny International Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bonny International Holding undervalued compared to its fair value and its price relative to the market?

6.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1906 (HK$0.5) is trading below our estimate of fair value (HK$0.53)

Significantly Below Fair Value: 1906 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 1906 is poor value based on its PE Ratio (42.1x) compared to the HK Luxury industry average (11.2x).

PE vs Market: 1906 is poor value based on its PE Ratio (42.1x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1906's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1906 is overvalued based on its PB Ratio (1.7x) compared to the HK Luxury industry average (0.7x).


Next Steps

Future Growth

How is Bonny International Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

36.8%

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 Bonny International Holding 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 Bonny International Holding performed over the past 5 years?

-41.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1906 has high quality earnings.

Growing Profit Margin: 1906's current net profit margins (4%) are lower than last year (5.2%).


Past Earnings Growth Analysis

Earnings Trend: 1906's earnings have declined by 41.6% per year over the past 5 years.

Accelerating Growth: 1906's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1906 had negative earnings growth (-29.5%) over the past year, making it difficult to compare to the Luxury industry average (-29.5%).


Return on Equity

High ROE: 1906's Return on Equity (3.9%) is considered low.


Next Steps

Financial Health

How is Bonny International Holding's financial position?


Financial Position Analysis

Short Term Liabilities: 1906's short term assets (CN¥356.4M) do not cover its short term liabilities (CN¥366.8M).

Long Term Liabilities: 1906's short term assets (CN¥356.4M) exceed its long term liabilities (CN¥888.0K).


Debt to Equity History and Analysis

Debt Level: 1906's debt to equity ratio (73.2%) is considered high.

Reducing Debt: Insufficient data to determine if 1906's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1906's debt is well covered by operating cash flow (30.1%).

Interest Coverage: 1906's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Bonny International Holding current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1906's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1906's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1906's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1906'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 1906's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Guojun Jin (43 yo)

2.08yrs

Tenure

Mr. Jin Guojun has been Chairman and Director of Bonny International Holding Limited since 19 July 2017 and was re-designated as an Executive Director and appointed as the Chief Executive Officer since Sep ...


Leadership Team

NamePositionTenureCompensationOwnership
Guojun Jin
Chairman & CEO2.08yrsno data52.88%
CN¥ 310.9m
Zhanhai Li
Administration and Human Resource Manager12.17yrsno datano data
Hui Zhao
Executive Director3.25yrsno datano data
Chun Chen
Company Secretary1.08yrsno datano data

2.1yrs

Average Tenure

43yo

Average Age

Experienced Management: 1906's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Guojun Jin
Chairman & CEO2.08yrsno data52.88%
CN¥ 310.9m
Hui Zhao
Executive Director3.25yrsno datano data
Yin Tsung Chan
Independent Non-Executive Director0.25yrno datano data
Weixing Luo
Non-Executive Director3.25yrsno data0.29%
CN¥ 1.7m
Jian Wang
Independent Non-Executive Director1.58yrsno datano data
Lijin Gong
Non-Executive Director3.25yrsno datano data
Youxing Li
Independent Non-executive Director1.58yrsno datano data

3.3yrs

Average Tenure

44yo

Average Age

Experienced Board: 1906's board of directors are considered experienced (3.3 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

Bonny International Holding Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bonny International Holding Limited
  • Ticker: 1906
  • Exchange: SEHK
  • Founded: 2017
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$588.000m
  • Shares outstanding: 1.20b
  • Website: https://www.bonnychina.com

Number of Employees


Location

  • Bonny International Holding Limited
  • Sunlight Tower
  • 40th Floor
  • Hong Kong
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1906SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDApr 2019

Biography

Bonny International Holding Limited, an investment holding company, manufactures, trades, and sells intimate wear products and functional sportswear. It operates through two segments, Original Design Manuf ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 12:53
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.