SEHK:209

Stock Analysis Report

Executive Summary

Winshine Science Company Limited, an investment holding company, manufactures and trades in hard and stuffed toys in Hongkong, the United States, Japan, and Europe.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Winshine Science's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 209 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

n/a

209

-5.1%

HK Leisure

-2.7%

HK Market


1 Year Return

11.8%

209

-33.9%

HK Leisure

-8.5%

HK Market

Return vs Industry: 209 exceeded the Hong Kong Leisure industry which returned -33.9% over the past year.

Return vs Market: 209 exceeded the Hong Kong Market which returned -8.5% over the past year.


Shareholder returns

209IndustryMarket
7 Dayn/a-5.1%-2.7%
30 Dayn/a-11.5%-3.1%
90 Dayn/a-12.1%2.4%
1 Year11.8%11.8%-30.9%-33.9%-5.2%-8.5%
3 Year-71.5%-71.5%-40.0%-44.0%12.0%0.7%
5 Year-78.1%-78.1%-52.5%-55.0%14.1%-4.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Winshine Science undervalued compared to its fair value and its price relative to the market?

1.67x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 209's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 209's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 209 is unprofitable, so we can't compare its PE Ratio to the Leisure industry average.

PE vs Market: 209 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 209's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 209 is overvalued based on its PB Ratio (1.7x) compared to the HK Leisure industry average (0.8x).


Next Steps

Future Growth

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

15.5%

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 Winshine Science 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 Winshine Science performed over the past 5 years?

-0.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 209 is currently unprofitable.

Growing Profit Margin: 209 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 209 is unprofitable, and losses have increased over the past 5 years at a rate of -0.2% per year.

Accelerating Growth: Unable to compare 209's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 209 is unprofitable, making it difficult to compare its past year earnings growth to the Leisure industry (-9.2%).


Return on Equity

High ROE: 209 has a negative Return on Equity (-145.54%), as it is currently unprofitable.


Next Steps

Financial Health

How is Winshine Science's financial position?


Financial Position Analysis

Short Term Liabilities: 209's short term assets (HK$328.4M) do not cover its short term liabilities (HK$438.1M).

Long Term Liabilities: 209's short term assets (HK$328.4M) exceed its long term liabilities (HK$29.9M).


Debt to Equity History and Analysis

Debt Level: 209's debt to equity ratio (227.6%) is considered high.

Reducing Debt: 209's debt to equity ratio has increased from 36.7% to 227.6% over the past 5 years.


Balance Sheet

Inventory Level: 209 has a high level of physical assets or inventory.

Debt Coverage by Assets: 209's debt is covered by short term assets (assets are 1.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 209 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 209 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -6% each year


Next Steps

Dividend

What is Winshine Science's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 209's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 209's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 209's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 209'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 209'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?

1.5yrs

Average management tenure


CEO

Michael Liu (65yo)

0.8yrs

Tenure

Mr. Xiao Ming Liu, also known as Michael, has been an Executive Director at Winshine Science Company Limited since May 10, 2019 and serves as Chief Executive Officer. 


Leadership Team

NamePositionTenureCompensationOwnership
Deyong Zhao
Executive Chairman0.8yrsno data4.92% HK$10.3m
Xiao Ming Liu
CEO & Executive Director0.8yrsno datano data
Ning Su
Chief Financial Officer2.3yrsno datano data
Lianjun Luo
Executive Director0.8yrsno datano data
Lee Tim Chan
Financial Controller12.8yrsno datano data
Ze Kui Liu
Company Secretary0.2yrsno datano data
Feng Gao
Consultant3.3yrsHK$2.83mno data

1.5yrs

Average Tenure

52yo

Average Age

Experienced Management: 209's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Deyong Zhao
Executive Chairman0.8yrsno data4.92% HK$10.3m
Xiao Ming Liu
CEO & Executive Director0.8yrsno datano data
Lianjun Luo
Executive Director0.8yrsno datano data
Wai Hung Ng
Independent Non-Executive Director0.8yrsno datano data
Kim Hung Kwok
Independent Non- Executive Director0.9yrsno datano data
Shaopeng Lin
Non-Executive Director2.2yrsHK$1.85mno data
Xiaolei Shi
Independent Non-Executive Director0.8yrsno datano data

0.8yrs

Average Tenure

56yo

Average Age

Experienced Board: 209's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


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

Winshine Science Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Winshine Science Company Limited
  • Ticker: 209
  • Exchange: SEHK
  • Founded:
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: HK$208.726m
  • Shares outstanding: 3.66b
  • Website: https://www.winshine.com

Number of Employees


Location

  • Winshine Science Company Limited
  • Harbour Centre
  • Rooms 2202-2203
  • Wanchai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
209SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2002

Biography

Winshine Science Company Limited, an investment holding company, manufactures and trades in hard and stuffed toys in Hongkong, the United States, Japan, and Europe. The company operates through three segments: Securities Investments, Toys, and Medical and Health. It is also involved in the securities investment and trading activities; provision of credit finance and management services; property leasing activities; and research and development of medical and health technology solutions. The company was formerly known as Winshine Entertainment & Media Holding Company Limited and changed its name to Winshine Science Company Limited in February 2016. Winshine Science Company is headquartered in Wanchai, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 12:46
End of Day Share Price2020/02/27 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.