SEHK:2030

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Executive Summary

Cabbeen Fashion Limited, a fashion casual menswear company, engages in the design, wholesale, and retail of menswear and related accessories in the People’s Republic of China.


Snowflake Analysis

Adequate balance sheet and slightly overvalued.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.5%

2030

8.5%

HK Luxury

5.8%

HK Market


1 Year Return

-16.2%

2030

10.1%

HK Luxury

-4.0%

HK Market

Return vs Industry: 2030 underperformed the Hong Kong Luxury industry which returned 8.8% over the past year.

Return vs Market: 2030 underperformed the Hong Kong Market which returned -5.3% over the past year.


Shareholder returns

2030IndustryMarket
7 Day6.5%8.5%5.8%
30 Day44.7%10.5%4.0%
90 Day15.4%2.3%-2.6%
1 Year-10.0%-16.2%12.8%10.1%-0.6%-4.0%
3 Year-5.0%-22.9%35.4%22.6%1.3%-9.2%
5 Year-67.5%-75.9%32.5%11.6%-9.2%-23.5%

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

Valuation

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

6.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2030 (HK$1.65) is trading above our estimate of fair value (HK$1.39)

Significantly Below Fair Value: 2030 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2030 is good value based on its PE Ratio (6.4x) compared to the Luxury industry average (6.8x).

PE vs Market: 2030 is good value based on its PE Ratio (6.4x) compared to the Hong Kong market (9.4x).


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 (0.8x) compared to the HK Luxury industry average (0.7x).


Next Steps

Future Growth

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

21.2%

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?

-7.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2030 has a high level of non-cash earnings.

Growing Profit Margin: 2030's current net profit margins (12.4%) are lower than last year (16.6%).


Past Earnings Growth Analysis

Earnings Trend: 2030's earnings have declined by -7.2% per year over the past 5 years.

Accelerating Growth: 2030's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2030 had negative earnings growth (-25.6%) over the past year, making it difficult to compare to the Luxury industry average (3%).


Return on Equity

High ROE: 2030's Return on Equity (12.8%) 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¥1.8B) exceed its short term liabilities (CN¥994.3M).

Long Term Liabilities: 2030's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥10.8M).


Debt to Equity History and Analysis

Debt Level: 2030's debt to equity ratio (28.7%) is considered satisfactory.

Reducing Debt: 2030's debt to equity ratio has increased from 14.2% to 28.7% over the past 5 years.

Debt Coverage: 2030's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2030's interest payments on its debt are well covered by EBIT (62.3x coverage).


Balance Sheet


Next Steps

Dividend

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

6.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2030's dividend (6.21%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.46%).

High Dividend: 2030's dividend (6.21%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.13%).


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 6 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.8%), 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

Management

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

7.3yrs

Average board tenure


CEO

Ziming Yang (47yo)

0.25

Tenure

CN¥1,474,000

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Ziming's total compensation ($USD207.32K) is about average for companies of similar size in the Hong Kong market ($USD228.97K).

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


Board Members

NamePositionTenureCompensationOwnership
Ziming Yang
Founder0.25yrCN¥1.47m55.9% CN¥616.7m
Siu Keung Ng
Executive Director7.33yrsCN¥905.00k0.44% CN¥4.8m
Rongqin Ke
VP, GM of Cabbeen Urban Business Division & Executive Director7.33yrsCN¥568.00k0.58% CN¥6.4m
Ming Shu Leung
Independent Non-Executive Director7.33yrsCN¥318.00kno data
Yung Kwok Tsui
Independent Non-Executive Director7.33yrsCN¥318.00kno data
Honghui Chen
Independent Non-Executive Director7.33yrsCN¥318.00kno data

7.3yrs

Average Tenure

47.5yo

Average Age

Experienced Board: 2030's board of directors are considered experienced (7.3 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

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


Key Information

  • Name: Cabbeen Fashion Limited
  • Ticker: 2030
  • Exchange: SEHK
  • Founded:
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$1.103b
  • Shares outstanding: 668.59m
  • Website: https://www.cabbeen.com

Number of Employees


Location

  • Cabbeen Fashion Limited
  • Cabbeen Apparel Building
  • No. 379 Shougouling Road
  • Guangzhou
  • Guangdong Province
  • 510507
  • China

Listings

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

Biography

Cabbeen Fashion Limited, a fashion casual menswear company, engages in the design, wholesale, and retail of menswear and related accessories in the People’s Republic of China. The company offers apparel, shoes, and accessories for men, women, and children under the Cabbeen, Cabbeen Urban, Cabbeen Love, and 2AM brands. As of December 31, 2019, it operated approximately 887 retail shops through a network of 6 wholesale distributors, 19 consignment distributors, and 135 sub distributors. The company also sells its products through online shops, such as T-mall, JD.com, WeChat mall, and vipshop, as well as franchise stores; and a wholesale and consignment basis to other online distributors. It is also involved in the real estate development and trademark holding activities. The company is headquartered in Guangzhou, China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 13:27
End of Day Share Price2020/06/05 00:00
Earnings2019/12/31
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.