SEHK:210

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Daphne International Holdings

Executive Summary

Daphne International Holdings Limited, an investment holding company, manufactures, distributes, and retails footwear and accessories in Mainland China, Hong Kong, and Taiwan. More Details


Snowflake Analysis

Flawless balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Daphne International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 210's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.3%

210

5.1%

HK Luxury

0.1%

HK Market


1 Year Return

43.8%

210

16.0%

HK Luxury

2.0%

HK Market

Return vs Industry: 210 exceeded the Hong Kong Luxury industry which returned 11.5% over the past year.

Return vs Market: 210 exceeded the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

210IndustryMarket
7 Day2.3%5.1%0.1%
30 Day8.4%13.7%2.4%
90 Day36.6%31.1%-0.4%
1 Year43.8%43.8%18.4%16.0%6.3%2.0%
3 Year-58.5%-58.5%53.0%38.8%-5.7%-16.0%
5 Year-84.1%-84.1%82.1%55.6%16.4%-3.4%

Price Volatility Vs. Market

How volatile is Daphne International Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Daphne International Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 210 (HK$0.22) is trading below our estimate of fair value (HK$4.56)

Significantly Below Fair Value: 210 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 210 is unprofitable, so we can't compare its PE Ratio to the HK Luxury industry average.

PE vs Market: 210 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 210's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 210's PB Ratio (0.7x) is in line with the HK Luxury industry average.


Next Steps

Future Growth

How is Daphne International Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

36.3%

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 Daphne International Holdings 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 Daphne International Holdings performed over the past 5 years?

-20.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 210 is currently unprofitable.

Growing Profit Margin: 210 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 210 is unprofitable, and losses have increased over the past 5 years at a rate of 20.1% per year.

Accelerating Growth: Unable to compare 210's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 210 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-29.5%).


Return on Equity

High ROE: 210 has a negative Return on Equity (-130.47%), as it is currently unprofitable.


Next Steps

Financial Health

How is Daphne International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 210's short term assets (HK$378.5M) exceed its short term liabilities (HK$279.9M).

Long Term Liabilities: 210's short term assets (HK$378.5M) exceed its long term liabilities (HK$9.6M).


Debt to Equity History and Analysis

Debt Level: 210 is debt free.

Reducing Debt: 210 has no debt compared to 5 years ago when its debt to equity ratio was 9.5%.


Balance Sheet


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: Whilst unprofitable 210 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 210 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 1% per year.


Next Steps

Dividend

What is Daphne International Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 210's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 210's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 210's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 210's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 210 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 210'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?

8.7yrs

Average management tenure


CEO

Chih-Kai Chang (40 yo)

4.5yrs

Tenure

HK$4,034,000

Compensation

Mr. Chih-Kai Chang has been the Chief Executive Officer of Daphne International Holdings Limited (formerly, Prime Success International Group Ltd) since April 16, 2016. Mr. Chang has been the Chairman and ...


CEO Compensation Analysis

Compensation vs Market: Chih-Kai's total compensation ($USD520.51K) is above average for companies of similar size in the Hong Kong market ($USD232.26K).

Compensation vs Earnings: Chih-Kai's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Chih-Kai Chang
Chairman & CEO4.5yrsHK$4.03mno data
Chih-Chiao Chang
Executive Director11.33yrsHK$2.41mno data
Che Li Lin
Chief Financial Officer10.75yrsno datano data
Wen Shih
Chief Operating Officerno datano datano data
Billy Tang
Investor Relations Officerno datano datano data
Ying Lu
Chief Marketing Officer10.5yrsno datano data
Chun Hay Cheung
Company Secretary6.83yrsno datano data

8.7yrs

Average Tenure

49yo

Average Age

Experienced Management: 210's management team is seasoned and experienced (8.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chih-Kai Chang
Chairman & CEO4.5yrsHK$4.03mno data
Chih-Chiao Chang
Executive Director11.33yrsHK$2.41mno data
Jung-Cheng Kuo
Independent Non-Executive Director19.25yrsHK$150.00kno data
Shun-Tsai Huang
Independent Non-Executive Director19.25yrsHK$150.00kno data
Ping Cho Hon
Independent Non-Executive Director1.08yrsHK$106.00kno data

11.3yrs

Average Tenure

61yo

Average Age

Experienced Board: 210's board of directors are seasoned and experienced ( 11.3 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 been diluted in the past year, with total shares outstanding growing by 10%.


Top Shareholders

Company Information

Daphne International Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Daphne International Holdings Limited
  • Ticker: 210
  • Exchange: SEHK
  • Founded: 1987
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: HK$399.092m
  • Shares outstanding: 1.81b
  • Website: https://www.daphneholdings.com

Number of Employees


Location

  • Daphne International Holdings Limited
  • 3908 Hu Qing Ping Road
  • Zhao Xiang Town
  • Shanghai
  • Shanghai Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
210SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1996
DPNE.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1996
PSXDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1996
DPNE.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Daphne International Holdings Limited, an investment holding company, manufactures, distributes, and retails footwear and accessories in Mainland China, Hong Kong, and Taiwan. The company offers its produc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 12:35
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
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.