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Cabbeen Fashion

SEHK:2030
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2030
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company description

Cabbeen Fashion Limited, a fashion casual menswear company, together with its subsidiaries, engages in the research and design, wholesale, and retailing of apparel, footwear, and related accessories in the People’s Republic of China. The last earnings update was 86 days ago. More info.


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2030 Share Price and Events
7 Day Returns
-5.1%
SEHK:2030
-3.6%
HK Luxury
-2.5%
HK Market
1 Year Returns
-18.5%
SEHK:2030
-12.2%
HK Luxury
-15.9%
HK Market
2030 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cabbeen Fashion (2030) -5.1% -3.4% 14.2% -18.5% -26.7% -3.4%
HK Luxury -3.6% -6.2% 1.2% -12.2% 19.3% 3.1%
HK Market -2.5% -8.6% -2.1% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 2030 underperformed the Luxury industry which returned -12.2% over the past year.
  • 2030 underperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
2030
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Cabbeen Fashion 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 Cabbeen Fashion 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 Cabbeen Fashion.

SEHK:2030 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 7.3%
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:2030
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.722 (1 + (1- 25%) (21.68%))
0.893
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.893 * 5.96%)
7.32%

Discounted Cash Flow Calculation for SEHK:2030 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cabbeen Fashion 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:2030 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.32%)
2019 82.26 Est @ -39.89% 76.65
2020 59.79 Est @ -27.32% 51.91
2021 48.71 Est @ -18.53% 39.40
2022 42.69 Est @ -12.37% 32.18
2023 39.25 Est @ -8.06% 27.56
2024 37.27 Est @ -5.04% 24.39
2025 36.18 Est @ -2.93% 22.06
2026 35.66 Est @ -1.45% 20.26
2027 35.51 Est @ -0.41% 18.80
2028 35.62 Est @ 0.31% 17.57
Present value of next 10 years cash flows CN¥330.78
SEHK:2030 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥35.62 × (1 + 2%) ÷ (7.32% – 2%)
CN¥683.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥683.00 ÷ (1 + 7.32%)10
CN¥336.90
SEHK:2030 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥330.78 + CN¥336.90
CN¥667.68
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥667.68 / 668.59
CN¥1
SEHK:2030 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:2030)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1 x 1.135
HK$1.13
Value per share (HKD) From above. HK$1.13
Current discount Discount to share price of HK$2.25
= -1 x (HK$2.25 - HK$1.13) / HK$1.13
-98.6%

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

  • The current share price of Cabbeen Fashion 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 Cabbeen Fashion's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cabbeen Fashion's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2030 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.32
SEHK:2030 Share Price ** SEHK (2019-05-17) in HKD HK$2.25
SEHK:2030 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.98
Hong Kong Luxury Industry PE Ratio Median Figure of 77 Publicly-Listed Luxury Companies 10.43x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

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

** Primary Listing of Cabbeen Fashion.

SEHK:2030 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2030 Share Price ÷ EPS (both in CNY)

= 1.98 ÷ 0.32

6.25x

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

  • Cabbeen Fashion is good value based on earnings compared to the HK Luxury industry average.
  • Cabbeen Fashion is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Cabbeen Fashion's expected growth come at a high price?
Raw Data
SEHK:2030 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-4.6%per year
Hong Kong Luxury Industry PEG Ratio Median Figure of 23 Publicly-Listed Luxury Companies 0.87x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*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 Cabbeen Fashion, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cabbeen Fashion's assets?
Raw Data
SEHK:2030 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.67
SEHK:2030 Share Price * SEHK (2019-05-17) in HKD HK$2.25
SEHK:2030 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.98
Hong Kong Luxury Industry PB Ratio Median Figure of 122 Publicly-Listed Luxury Companies 1.1x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:2030 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2030 Share Price ÷ Book Value per Share (both in CNY)

= 1.98 ÷ 1.67

1.19x

* Primary Listing of Cabbeen Fashion.

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

  • Cabbeen Fashion is overvalued based on assets compared to the HK Luxury industry average.
X
Value checks
We assess Cabbeen Fashion'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. Cabbeen Fashion has a total score of 2/6, 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 Cabbeen Fashion expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Cabbeen Fashion, 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
-4.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cabbeen Fashion expected to grow at an attractive rate?
  • Cabbeen Fashion's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Cabbeen Fashion's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Cabbeen Fashion's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:2030 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2030 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -4.6%
Hong Kong Luxury Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Hong Kong Luxury Industry Revenue Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*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:2030 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 CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:2030 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,273 185 212
2018-09-30 1,257 272 218
2018-06-30 1,241 359 223
2018-03-31 1,165 324 213
2017-12-31 1,089 290 202
2017-09-30 1,060 161 185
2017-06-30 1,031 32 167
2017-03-31 1,096 9 175
2016-12-31 1,161 -13 182
2016-09-30 1,246 -32 211
2016-06-30 1,331 -52 241
2016-03-31 1,344 0 264

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cabbeen Fashion's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Cabbeen Fashion 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:2030 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 Cabbeen Fashion Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2030 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.32
2018-09-30 0.32
2018-06-30 0.33
2018-03-31 0.31
2017-12-31 0.29
2017-09-30 0.26
2017-06-30 0.24
2017-03-31 0.25
2016-12-31 0.26
2016-09-30 0.30
2016-06-30 0.34
2016-03-31 0.37

*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 Cabbeen Fashion will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cabbeen Fashion'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 Hong Kong 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.
Cabbeen Fashion has a total score of 0/6, 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 Cabbeen Fashion 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 Cabbeen Fashion's growth in the last year to its industry (Luxury).
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.
  • Cabbeen Fashion's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Cabbeen Fashion's 1-year earnings growth exceeds its 5-year average (5% vs -3.6%)
  • Cabbeen Fashion's earnings growth has exceeded the HK Luxury industry average in the past year (5% vs 2.5%).
Earnings and Revenue History
Cabbeen Fashion'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 Cabbeen Fashion Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2030 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,273.47 211.89 325.81
2018-09-30 1,257.36 217.64 312.49
2018-06-30 1,241.25 223.40 299.16
2018-03-31 1,165.18 212.64 289.11
2017-12-31 1,089.11 201.88 279.06
2017-09-30 1,059.86 184.69 286.63
2017-06-30 1,030.61 167.50 294.21
2017-03-31 1,095.71 174.59 324.41
2016-12-31 1,160.80 181.69 354.62
2016-09-30 1,246.09 211.11 350.00
2016-06-30 1,331.39 240.53 345.37
2016-03-31 1,343.94 264.04 316.90
2015-12-31 1,356.49 287.56 288.42
2015-09-30 1,293.30 279.57 259.09
2015-06-30 1,230.11 271.57 229.76
2015-03-31 1,164.15 253.54 214.83
2014-12-31 1,098.19 235.50 199.91
2014-09-30 1,067.80 233.54 176.15
2014-06-30 1,037.42 231.57 152.39
2014-03-31 990.45 213.46 145.83
2013-12-31 943.49 195.36 139.27
2013-09-30 897.90 171.29 144.94
2013-06-30 852.31 147.22 150.62
2013-03-31 896.19 138.72 154.75
2012-12-31 940.06 130.22 158.88

*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.
  • Cabbeen Fashion has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Cabbeen Fashion used its assets more efficiently than the HK Luxury industry average last year based on Return on Assets.
  • Cabbeen Fashion's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cabbeen Fashion'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 Luxury 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.
Cabbeen Fashion has a total score of 3/6, 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 Cabbeen Fashion'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 Cabbeen Fashion's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cabbeen Fashion is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cabbeen Fashion's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cabbeen Fashion'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 6.5x 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 Cabbeen Fashion Company Filings, last reported 4 months ago.

SEHK:2030 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,173.76 287.45 724.43
2018-09-30 1,173.76 287.45 724.43
2018-06-30 1,120.08 292.37 873.37
2018-03-31 1,120.08 292.37 873.37
2017-12-31 1,055.30 288.10 835.45
2017-09-30 1,055.30 288.10 835.45
2017-06-30 998.89 329.50 740.70
2017-03-31 998.89 329.50 740.70
2016-12-31 981.72 127.10 519.69
2016-09-30 981.72 127.10 519.69
2016-06-30 945.91 207.36 603.79
2016-03-31 945.91 207.36 603.79
2015-12-31 896.90 220.48 593.17
2015-09-30 896.90 220.48 593.17
2015-06-30 816.41 169.21 711.21
2015-03-31 816.41 169.21 711.21
2014-12-31 717.21 101.21 679.68
2014-09-30 717.21 101.21 679.68
2014-06-30 638.76 55.88 574.75
2014-03-31 638.76 55.88 574.75
2013-12-31 602.59 90.45 757.75
2013-09-30 602.59 90.45 757.75
2013-06-30 207.34 193.57 270.21
2013-03-31 207.34 193.57 270.21
2012-12-31 126.61 136.96 317.25
  • Cabbeen Fashion's level of debt (24.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.9% vs 24.5% today).
  • Debt is well covered by operating cash flow (64.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 58.9x coverage).
X
Financial health checks
We assess Cabbeen Fashion'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. Cabbeen Fashion has a total score of 5/6, 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 Cabbeen Fashion'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
7.74%
Current annual income from Cabbeen Fashion dividends.
If you bought HK$2,000 of Cabbeen Fashion shares you are expected to receive HK$155 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?
  • Cabbeen Fashion's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • Cabbeen Fashion's dividend is above the markets top 25% of dividend payers in Hong Kong (5.72%).
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:2030 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 Luxury Industry Average Dividend Yield Market Cap Weighted Average of 57 Stocks 2.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.6%
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 5.7%

Industry and Market average data is calculated daily.

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

SEHK:2030 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-04 0.153 8.266
2018-08-01 0.225 12.003
2018-02-14 0.116 5.663
2017-03-31 0.080 4.501
2016-02-03 0.162 7.875
2015-07-30 0.168 4.378
2015-04-02 0.144 3.437
2014-07-31 0.126 5.424
2014-04-14 0.115 5.835

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

  • Cabbeen Fashion has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Cabbeen Fashion only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Cabbeen Fashion's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
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 Cabbeen Fashion'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 Cabbeen Fashion afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cabbeen Fashion has a total score of 3/6, 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 Cabbeen Fashion'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
Siu Ng
COMPENSATION CN¥533,000
AGE 48
TENURE AS CEO 8.8 years
CEO Bio

Mr. Siu Keung Ng has been the Chief Executive Officer and General Manager of Cabbeen Lifestyle Business Division of Cabbeen Fashion Limited since July 2010 and April 2013 respectively. Mr. Ng is one of the founding members of Cabbeen Fashion Ltd. Mr. Ng is primarily responsible for Cabbeen Fashion overall corporate planning and strategy execution. Mr. Ng has over 15 years of experience in various aspects, including business operation, management, sales, procurement, financial and human resource. Being one of the Management Shareholders, Mr. Ng has been with Cabbeen Fashion since 1997. From October 1997 to December 2003, Mr. Ng was the Product Procurement Manager of Cabbeen Trading. From January 2004 to June 2010, Mr. Ng had been the Vice Manager of Cabbeen China and subsequently, Cabbeen Guangzhou and Guangzhou Zixi, primarily responsible for human resource, legal compliance and financials. Mr. Ng has been an Executive Director of Cabbeen Fashion Limited since February 18, 2013. Mr. Ng obtained his bachelor's degree in material engineering majoring in forge craft and equipment from Shanghai Jiao Tong University in July 1992.

CEO Compensation
  • Siu's compensation has been consistent with company performance over the past year.
  • Siu's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team

Ziming Yang

TITLE
Founder & Chairman
COMPENSATION
CN¥41K
AGE
46

Siu Ng

TITLE
CEO, GM of Cabbeen Lifestyle Business Division & Executive Director
COMPENSATION
CN¥533K
AGE
48
TENURE
8.8 yrs

Rongqin Ke

TITLE
VP, GM of Cabbeen Urban Business Division & Executive Director
COMPENSATION
CN¥521K
AGE
43
TENURE
8.8 yrs

Lai Wong

TITLE
CFO & Company Secretary
AGE
43

Cong Zou

TITLE
Chief Information Management Officer

Hui Wang

TITLE
Chief Legal Officer

Yu Zhang

TITLE
Chief Logistics Officer

Guanzheng Hong

TITLE
Chief Capital Management Officer

Xixia Chen

TITLE
Head of General Manager's Office

Haiyan Jie

TITLE
Chief Design Officer
Board of Directors Tenure

Average tenure and age of the Cabbeen Fashion board of directors in years:

6.3
Average Tenure
46.5
Average Age
  • The tenure for the Cabbeen Fashion board of directors is about average.
Board of Directors

Ziming Yang

TITLE
Founder & Chairman
COMPENSATION
CN¥41K
AGE
46

Siu Ng

TITLE
CEO, GM of Cabbeen Lifestyle Business Division & Executive Director
COMPENSATION
CN¥533K
AGE
48
TENURE
6.3 yrs

Rongqin Ke

TITLE
VP, GM of Cabbeen Urban Business Division & Executive Director
COMPENSATION
CN¥521K
AGE
43
TENURE
6.3 yrs

Yung Kwok Tsui

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥307K
AGE
50
TENURE
6.3 yrs

Honghui Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥307K
AGE
47
TENURE
6.3 yrs

Vincent Leung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥307K
AGE
42
TENURE
6.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Cabbeen Fashion'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. Cabbeen Fashion 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

The Cabbeen Fashion (HKG:2030) Share Price Is Down 20% So Some Shareholders Are Getting Worried

While it may not be enough for some shareholders, we think it is good to see the Cabbeen Fashion Limited (HKG:2030) share price up 13% in a single quarter. … Truth be told the share price declined 20% in three years and that return, Dear Reader, falls short of what you could have got from passive investing with an index fund. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

Simply Wall St -

Here's What Cabbeen Fashion Limited's (HKG:2030) P/E Ratio Is Telling Us

Cabbeen Fashion has a price to earnings ratio of 6.28, based on the last twelve months. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 6.28 = CN¥1.99 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.32

Simply Wall St -

Could The Cabbeen Fashion Limited (HKG:2030) Ownership Structure Tell Us Something Useful?

A look at the shareholders of Cabbeen Fashion Limited (HKG:2030) can tell us which group is most powerful. … Cabbeen Fashion is a smaller company with a market capitalization of HK$1.5b, so it may still be flying under the radar of many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

How Does Cabbeen Fashion Limited's (HKG:2030) Earnings Growth Stack Up Against Industry Performance?

Today I will assess 2030's latest performance announced on 31 December 2018 and compare these figures to its longer term trend and industry movements. … Were 2030's earnings stronger than its past performances and the industry. … 2030's trailing twelve-month earnings (from 31 December 2018) of CN¥212m has.

Simply Wall St -

Is Cabbeen Fashion Limited (HKG:2030) A Smart Choice For Dividend Investors?

Historically, Cabbeen Fashion Limited (HKG:2030) has paid a dividend to shareholders. … Let's dig deeper into whether Cabbeen Fashion should have a place in your portfolio. … View our latest analysis for Cabbeen Fashion

Simply Wall St -

How Financially Strong Is Cabbeen Fashion Limited (HKG:2030)?

While small-cap stocks, such as Cabbeen Fashion Limited (HKG:2030) with its market cap of HK$1.3b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … So, understanding the company's financial health becomes. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Cabbeen Fashion Limited (HKG:2030) Earns A Nice Return On Capital Employed

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Here's What We Think About Cabbeen Fashion Limited's (HKG:2030) CEO Pay

Siu Ng has been the CEO of Cabbeen Fashion Limited (HKG:2030) since 2010. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Siu Ng's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is Cabbeen Fashion Limited's (HKG:2030) ROE Of 20% Impressive?

Cabbeen Fashion has a ROE of 20%, based on the last twelve months. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.20 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do You Like Cabbeen Fashion Limited (HKG:2030) At This P/E Ratio?

Based on the last twelve months, Cabbeen Fashion's P/E ratio is 5.27. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 5.27 = CN¥1.75 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.33

Simply Wall St -

Company Info

Description

Cabbeen Fashion Limited, a fashion casual menswear company, together with its subsidiaries, engages in the research and design, wholesale, and retailing of apparel, footwear, 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 Lifestyle, Cabbeen Urban, Cabbeen Love, and 2AM brands. In addition, it engages in the real estate development and trademark holding activities. The company sells its products through company-operated and franchise stores, online shops, and other wholesale arrangement with third-parties, as well as operates online shops on various e-commerce platforms. As of December 31, 2018, it had 910 retail outlets in China. The company is headquartered in Guangzhou, China.

Details
Name: Cabbeen Fashion Limited
2030
Exchange: SEHK
Founded:
HK$1,504,334,250
668,593,000
Website: http://www.cabbeen.com
Address: Cabbeen Fashion Limited
Cabbeen Apparel Building,
No. 379 Shougouling Road,
Guangzhou,
Guangdong Province, 510507,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2030 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 28. Oct 2013
Number of employees
Current staff
Staff numbers
404
Cabbeen Fashion employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 13:06
End of day share price update: 2019/05/17 00:00
Last earnings filing: 2019/02/22
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.