SEHK:210

Stock Analysis Report

Daphne International Holdings

Executive Summary

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


Snowflake Analysis

Adequate balance sheet and 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

34.8%

210

12.5%

HK Luxury

7.4%

HK Market


1 Year Return

-52.0%

210

-21.7%

HK Luxury

-22.7%

HK Market

Return vs Industry: 210 underperformed the Hong Kong Luxury industry which returned -21.7% over the past year.

Return vs Market: 210 underperformed the Hong Kong Market which returned -22.7% over the past year.


Shareholder returns

210IndustryMarket
7 Day34.8%12.5%7.4%
30 Day0.8%-13.3%-11.2%
90 Day-17.2%-25.7%-17.3%
1 Year-52.0%-52.0%-19.5%-21.7%-19.9%-22.7%
3 Year-84.8%-84.8%10.1%-2.9%-5.3%-14.8%
5 Year-95.3%-95.3%10.9%-6.7%-8.7%-23.4%

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?

0.29x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 210's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 210's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 210 is unprofitable, so we can't compare its PE Ratio to the 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 is good value based on its PB Ratio (0.3x) compared to the HK Luxury industry average (0.7x).


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?

15.0%

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?

-32.9%

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 -32.9% 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 (-0.2%).


Return on Equity

High ROE: 210 has a negative Return on Equity (-137.68%), 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$623.3M) exceed its short term liabilities (HK$411.9M).

Long Term Liabilities: 210's short term assets (HK$623.3M) exceed its long term liabilities (HK$23.2M).


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 14.7%.


Balance Sheet

Inventory Level: 210 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 210's debt is covered by short term assets.


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: Insufficient data to determine if 210 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 210 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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 payouts.

High Dividend: Unable to evaluate 210'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 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?

8.0yrs

Average management tenure


CEO

Chih-Kai Chang (39yo)

3.83s

Tenure

HK$3,783,000

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 ($USD487.87K) is above average for companies of similar size in the Hong Kong market ($USD232.34K).

Compensation vs Earnings: Chih-Kai's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Chih-Kai Chang
Chairman & CEO3.83yrsHK$3.78mno data
Chih-Chiao Chang
Executive Director10.67yrsHK$2.35mno data
Che Li Lin
Chief Financial Officer10.17yrsno datano data
Wen Shih
Chief Operating Officerno datano datano data
Billy Tang
Investor Relations Officerno datano datano data
Ying Lu
Chief Marketing Officer9.83yrsno datano data
Chun Cheung
Company Secretary6.25yrsno datano data

8.0yrs

Average Tenure

48yo

Average Age

Experienced Management: 210's management team is seasoned and experienced (8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chih-Kai Chang
Chairman & CEO3.83yrsHK$3.78mno data
Chih-Chiao Chang
Executive Director10.67yrsHK$2.35mno data
Jung-Cheng Kuo
Independent Non-Executive Director18.67yrsHK$150.00kno data
Shun-Tsai Huang
Independent Non-Executive Director18.67yrsHK$150.00kno data
Ping Cho Hon
Independent Non-Executive Director0.42yrno datano data

10.7yrs

Average Tenure

60yo

Average Age

Experienced Board: 210's board of directors are seasoned and experienced ( 10.7 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.


Recent Insider Transactions

Ownership Breakdown

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


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$196.248m
  • Shares outstanding: 1.65b
  • Website: https://www.daphneholdings.com

Number of Employees


Location

  • Daphne International Holdings Limited
  • 3908 Hu Qing Ping Road
  • Zhao Xiang Town
  • Shanghai
  • 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 women’s footwear and accessories in Mainland China, Hong Kong, and Taiwan. The company offers its products under own brands, the Daphne and Shoebox, as well as brands under exclusive distributorships, such as AEE, STEP HIGHER, AEROSOLES, and ALDO. As of December 31, 2018, it operated 2,820 points-of-sale (POS) units, which included 2,648 POS under its core brands business, as well as 172 POS were under its other brands business. It is also involved in the e-commerce and property holding businesses. The company was formerly known as Prime Success International Group Limited and changed its name to Daphne International Holdings Limited in June 2008. Daphne International Holdings Limited was founded in 1987 and is headquartered in Shanghai, China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 12:35
End of Day Share Price2020/03/31 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.