Stock Analysis Report

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Executive Summary

Cabbeen Fashion Limited manufactures, purchases and sells apparel and accessories for men, women, and children under the Cabbeen, Cabbeen Urban, Cabbeen Love and 2AM brands in the People’s Republic of China. More Details

Snowflake Analysis

Excellent balance sheet and good value.

Similar Companies

Share Price & News

How has Cabbeen Fashion's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: 2030 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 2030's weekly volatility (7%) has been stable over the past year.

Market Performance

7 Day Return




HK Luxury


HK Market

1 Year Return




HK Luxury


HK Market

Return vs Industry: 2030 exceeded the Hong Kong Luxury industry which returned 60.1% over the past year.

Return vs Market: 2030 exceeded the Hong Kong Market which returned 21.6% over the past year.

Shareholder returns

7 Day-2.8%-11.6%-5.9%
30 Day0.7%-0.7%2.7%
90 Day-0.4%14.4%10.9%
1 Year102.1%89.3%63.2%60.1%26.3%21.6%
3 Year63.4%31.2%65.6%51.0%4.2%-6.7%
5 Year-6.8%-32.4%141.9%102.1%58.3%31.3%

Long-Term Price Volatility Vs. Market

How volatile is Cabbeen Fashion's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Cabbeen Fashion undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 2030 (HK$2.82) is trading below our estimate of fair value (HK$20.53)

Significantly Below Fair Value: 2030 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: 2030 is good value based on its PE Ratio (8.1x) compared to the HK Luxury industry average (13.6x).

PE vs Market: 2030 is good value based on its PE Ratio (8.1x) compared to the Hong Kong market (12.2x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2030's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: 2030 is overvalued based on its PB Ratio (1.2x) compared to the HK Luxury industry average (0.8x).

Next Steps

Future Growth

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


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 Cabbeen Fashion 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 Cabbeen Fashion performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2030 has high quality earnings.

Growing Profit Margin: 2030's current net profit margins (10.7%) are lower than last year (12.4%).

Past Earnings Growth Analysis

Earnings Trend: 2030's earnings have declined by 6.4% per year over the past 5 years.

Accelerating Growth: 2030's earnings growth over the past year (23.2%) exceeds its 5-year average (-6.4% per year).

Earnings vs Industry: 2030 earnings growth over the past year (23.2%) exceeded the Luxury industry -31.1%.

Return on Equity

High ROE: 2030's Return on Equity (14.7%) is considered low.

Next Steps

Financial Health

How is Cabbeen Fashion's financial position?

Financial Position Analysis

Short Term Liabilities: 2030's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥797.8M).

Long Term Liabilities: 2030's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥265.3M).

Debt to Equity History and Analysis

Debt Level: 2030's debt to equity ratio (26.5%) is considered satisfactory.

Reducing Debt: 2030's debt to equity ratio has increased from 24.5% to 26.5% over the past 5 years.

Debt Coverage: 2030's debt is well covered by operating cash flow (103.1%).

Interest Coverage: 2030's interest payments on its debt are well covered by EBIT (54.1x coverage).

Balance Sheet

Next Steps


What is Cabbeen Fashion current dividend yield, its reliability and sustainability?


Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: 2030's dividend (4.55%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.04%).

High Dividend: 2030's dividend (4.55%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.31%).

Stability and Growth of Payments

Stable Dividend: 2030 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 2030 has only been paying a dividend for 7 years, and since then payments have fallen.

Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.4%), 2030's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


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


Average board tenure


Ziming Yang (48 yo)





Mr. Ziming Yang is the Chief Executive Officer of Cabbeen Fashion Limited since March 12, 2020. He is the Founder and Executive Chairman of Cabbeen Fashion Limited and has been its Executive Director since...

CEO Compensation Analysis

Compensation vs Market: Ziming's total compensation ($USD363.50K) is about average for companies of similar size in the Hong Kong market ($USD304.57K).

Compensation vs Earnings: Ziming's compensation has increased by more than 20% in the past year.

Board Members

Ziming Yang
CN¥ 1.1b
Siu Keung Ng
Executive Director8yrsCN¥375.00k0.44%
CN¥ 7.8m
Rongqin Ke
VP, GM of Cabbeen Urban Business Division & Executive Director8yrsCN¥424.00k0.58%
CN¥ 10.2m
Ming Shu Leung
Independent Non-Executive Director8yrsCN¥312.00kno data
Yung Kwok Tsui
Independent Non-Executive Director8yrsCN¥312.00kno data
Honghui Chen
Independent Non-Executive Director8yrsCN¥312.00kno data


Average Tenure


Average Age

Experienced Board: 2030's board of directors are considered experienced (8 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: 2030 insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

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

Top Shareholders

Company Information

Cabbeen Fashion Limited's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Cabbeen Fashion Limited
  • Ticker: 2030
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$1.778b
  • Shares outstanding: 668.59m
  • Website:

Number of Employees


  • Cabbeen Fashion Limited
  • Yunsheng Science Park
  • 4th Floor, Block B1
  • Guangzhou
  • Guangdong Province
  • 510670
  • China


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2030SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2013


Cabbeen Fashion Limited manufactures, purchases and sells apparel and accessories for men, women, and children under the Cabbeen, Cabbeen Urban, Cabbeen Love and 2AM brands in the People’s Republic of Chin...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/01 10:19
End of Day Share Price2021/03/01 00:00
Annual Earnings2020/12/31

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.