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
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Hingtex Holdings. This is due to cash flow or dividend data being
unavailable. The share price is
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
is considered below, and whether this is a fair price.
Price based on past earnings
Hingtex Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
Hingtex Holdings's earnings are expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
Unable to determine if Hingtex 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.
Hingtex Holdings's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
has a total score of
2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Hingtex Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
Hingtex Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Hingtex Holdings's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
Hingtex 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
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 4.8x debt.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Tung Wai Ting, also known as Stephen, is Chief Executive Officer of Hingtex Holdings Limited since 16 January, 2018 and its Executive Director since November 3, 2017. Mr. Stephen Tung has approximately 22 years of experience in the textile and apparel industry. He joined our Group on 6 October 1995 and is primarily responsible for administration, finance and production of our Group. Prior to joining our Group in 1995, Mr. Stephen Tung worked in the Asia Financial Asset Services Division at the State Street Bank and Trust Company, an institution which provides financial services to investors and manages financial assets, from 1993 to 1995 with his last position being senior portfolio administrator and was responsible for managing different types of funds. As at the Latest Practicable Date, Mr. Stephen Tung was the Honorary director of the Origin Charity Foundation, the director of the supervisory board of the Hong Kong Ning Po Residents Association* (???????) and the vice chairman of the Hong Kong Ning Po Yin Zhou Association Limited* (?????????????). Mr. Stephen Tung obtained a Bachelor of Commerce degree at the University of Toronto in Canada in June 1993.
Insufficient data for Stephen to compare compensation growth.
Insufficient data for Stephen to establish whether their remuneration is reasonable compared to companies of similar size in Hong Kong.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the Hingtex Holdings management team is less than 2 years, this suggests a new team.
Executive Director & CEO
CFO & Company Secretary
Poon Yuet Ling
Senior Accounting Manager
Executive Director & Sales Director
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Hingtex Holdings board of directors is less than 3 years, this suggests a new board.
What You Must Know About Hingtex Holdings Limited's (HKG:1968) Financial Strength
However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.
Is Hingtex Holdings Limited's (HKG:1968) ROE Of 42% Impressive?
To keep the lesson grounded in practicality, we'll use ROE to better understand Hingtex Holdings Limited (HKG:1968). … Over the last twelve months Hingtex Holdings has recorded a ROE of 42%. … Check out our latest analysis for Hingtex Holdings?
Should You Be Tempted To Buy Hingtex Holdings Limited (HKG:1968) At Its Current PE Ratio?
Hingtex Holdings Limited (HKG:1968) trades with a trailing P/E of 2.7, which is lower than the industry average of 10.7. … While 1968 might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … View our latest analysis for Hingtex Holdings
Hingtex Holdings Limited designs, manufactures, and sells denim fabrics. It offers non-stretchable, stretchable cotton, and stretchable blended denim fabrics. The company was founded in 1981 and is headquartered in Zhongshan, the People’s Republic of China.
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