SEHK:2199

Stock Analysis Report

Regina Miracle International (Holdings)

Executive Summary

Regina Miracle International (Holdings) Limited, an investment holding company, designs, manufactures, and trades in a range of intimate wear and functional sports products.

Snowflake

Fundamentals

Reasonable growth potential with adequate balance sheet.

Share Price & News

How has Regina Miracle International (Holdings)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.7%

2199

4.1%

HK Luxury

2.4%

HK Market


1 Year Return

12.1%

2199

25.8%

HK Luxury

0.4%

HK Market

Return vs Industry: 2199 underperformed the Hong Kong Luxury industry which returned 25.8% over the past year.

Return vs Market: 2199 exceeded the Hong Kong Market which returned 0.4% over the past year.


Shareholder returns

2199IndustryMarket
7 Day-2.7%4.1%2.4%
30 Day-3.7%2.7%-2.6%
90 Day-16.9%6.5%-5.6%
1 Year13.7%12.1%30.2%25.8%4.0%0.4%
3 Year-37.6%-39.3%44.2%27.0%15.1%3.5%
5 Yearn/a43.8%15.6%20.3%0.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Regina Miracle International (Holdings) undervalued compared to its fair value and its price relative to the market?

21.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: 2199 (HK$5.01) is trading above our estimate of fair value (HK$3.52)

Significantly Undervalued: 2199 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2199 is poor value based on its PE Ratio (21.7x) compared to the Luxury industry average (9.4x).

PE vs Market: 2199 is poor value based on its PE Ratio (21.7x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: 2199 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 2199 is overvalued based on its PB Ratio (2.1x) compared to the HK Luxury industry average (0.9x).


Next Steps

Future Growth

How is Regina Miracle International (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

28.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2199's forecast earnings growth (28.7% per year) is above the savings rate (2%).

Earnings vs Market: 2199's earnings (28.7% per year) are forecast to grow faster than the Hong Kong market (11.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 2199's revenue (11.4% per year) is forecast to grow faster than the Hong Kong market (10% per year).

High Growth Revenue: 2199's revenue (11.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: 2199's Return on Equity is forecast to be low in 3 years time (18%).


Next Steps

Past Performance

How has Regina Miracle International (Holdings) performed over the past 5 years?

-7.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 2199's earnings have declined by -7.7% per year over the past 5 years.

Accelerating Growth: 2199's earnings growth over the past year (17.6%) exceeds its 5-year average (-7.7% per year).

Earnings vs Industry: 2199 earnings growth over the past year (17.6%) exceeded the Luxury industry -4.9%.


Return on Equity

High ROE: 2199's Return on Equity (9.7%) is considered low.


Return on Assets

ROA vs Industry: 2199 has a higher Return on Assets than the Luxury industry average last year.


Return on Capital Employed

ROCE Improving: 2199's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Regina Miracle International (Holdings)'s financial position?


Financial Position Analysis

Short Term Liabilities: 2199's short term assets (HK$2.3B) exceeds its short term liabilities (HK$1.9B)

Long Term Liabilities: 2199's short term assets (2.3B) exceeds its long term liabilities (2.2B)


Debt to Equity History and Analysis

Debt Level: 2199's debt to equity ratio (103.4%) is considered high

Reducing Debt: 2199's debt to equity ratio has reduced from 121% to 103.4% over the past 5 years.

Debt Coverage: 2199's debt is not well covered by operating cash flow (18.6%).

Interest Coverage: 2199's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet

Inventory Level: 2199 has a high level of physical assets or inventory.

Debt Coverage by Assets: 2199's debt is not covered by short term assets (assets are 0.7x debt).


Next Steps

Dividend

What is Regina Miracle International (Holdings)'s current dividend yield, its reliability and sustainability?

1.52%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%2.3%markettop25%6.3%industryaverage2.7%forecastin3Years2.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 2199's dividend (1.52%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 2199's dividend (1.52%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.33%).

Stable Dividend: 2199 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 2199's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.9%), 2199's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 2199's dividends in 3 years are forecast to be well covered by earnings (34.6% payout ratio).


Next Steps

Management

What is the CEO of Regina Miracle International (Holdings)'s salary, the management and board of directors tenure and is there insider trading?

7.9yrs

Average management tenure


CEO

YY Hung (56yo)

0yrs

Tenure

HK$9,154,000

Compensation

Mr. Yau Lit Hung, also known as YY, is a founder of Regina Miracle International (Holdings) Limited. Mr. Hung serves as the Chief Executive Officer and Chairman at Regina Miracle International (Holdings) L ...


CEO Compensation Analysis

Compensation vs. Market: YY's total compensation ($USD1.17M) is above average for companies of similar size in the Hong Kong market ($USD405.05K).

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


Management Age and Tenure

7.9yrs

Average Tenure

44yo

Average Age

Experienced Management: 2199's management team is seasoned and experienced (7.9 years average tenure).


Board Age and Tenure

4.3yrs

Average Tenure

51.5yo

Average Age

Experienced Board: 2199's board of directors are considered experienced (4.3 years average tenure).


Insider Trading

Insider Buying: 2199 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyHK$373,29706 Sep 19
Zhiping Chen
EntityIndividual
Role
Member of the Board of Directors
COO & Executive Director
Shares71,000
Max PriceHK$5.26
BuyHK$140,30106 Sep 19
Zhiping Chen
EntityIndividual
Role
Member of the Board of Directors
COO & Executive Director
Shares26,000
Max PriceHK$5.40
BuyHK$15,00004 Sep 19
Zhiping Chen
EntityIndividual
Role
Member of the Board of Directors
COO & Executive Director
Shares3,000
Max PriceHK$5.00
BuyHK$19,12003 Sep 19
Kar Chun Yiu
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares4,000
Max PriceHK$4.78
BuyHK$166,39928 Aug 19
Kar Chun Yiu
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares34,000
Max PriceHK$4.89
BuyHK$325,80328 Aug 19
Kar Chun Yiu
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares66,000
Max PriceHK$4.94
BuyHK$43,83028 Aug 19
Kar Chun Yiu
EntityIndividual
Role
Member of the Board of Directors
CFO & Executive Director
Shares9,000
Max PriceHK$4.87
BuyHK$487,96028 Aug 19
Zhiping Chen
EntityIndividual
Role
Member of the Board of Directors
COO & Executive Director
Shares100,000
Max PriceHK$4.88
BuyHK$133,536,09320 Mar 19
Yiheng Capital, LLC
EntityCompany
Shares24,279,280
Max PriceHK$5.50
BuyHK$20,874,42412 Dec 18
Yiheng Capital, LLC
EntityCompany
Shares4,727,000
Max PriceHK$4.42
BuyHK$20,874,42116 Nov 18
Yiheng Capital, LLC
EntityCompany
Shares4,727,000
Max PriceHK$4.42

Ownership Breakdown


Management Team

  • YY Hung (56yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: HK$9.15m
  • Antony Yiu (43yo)

    CFO & Executive Director

    • Tenure: 4.3yrs
    • Compensation: HK$3.22m
  • Zhenqiang Liu (44yo)

    Executive Director

    • Tenure: 4.3yrs
    • Compensation: HK$3.27m
  • Zhiping Chen (42yo)

    COO & Executive Director

    • Tenure: 4.3yrs
    • Compensation: HK$2.64m
  • Shui Ling Sze (47yo)

    Executive Director

    • Tenure: 4.3yrs
    • Compensation: HK$2.51m
  • Guoxian Huang (54yo)

    General Manager of Technology Department

    • Tenure: 11.5yrs
  • Kwan Chuen Law (40yo)

    Company Secretary

    • Tenure: 4.3yrs

Board Members

  • Raymond Or (70yo)

    Independent Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: HK$519.00k
  • YY Hung (56yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: HK$9.15m
  • Antony Yiu (43yo)

    CFO & Executive Director

    • Tenure: 4.3yrs
    • Compensation: HK$3.22m
  • Zhenqiang Liu (44yo)

    Executive Director

    • Tenure: 4.3yrs
    • Compensation: HK$3.27m
  • Zhiping Chen (42yo)

    COO & Executive Director

    • Tenure: 4.3yrs
    • Compensation: HK$2.64m
  • Shui Ling Sze (47yo)

    Executive Director

    • Tenure: 4.3yrs
    • Compensation: HK$2.51m
  • Annie To Wong (63yo)

    Independent Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: HK$416.00k
  • Laiman Tam (66yo)

    Independent Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: HK$416.00k

Company Information

Regina Miracle International (Holdings) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Regina Miracle International (Holdings) Limited
  • Ticker: 2199
  • Exchange: SEHK
  • Founded: 1998
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$6.256b
  • Shares outstanding: 1.22b
  • Website: https://www.reginamiracleholdings.com

Number of Employees


Location

  • Regina Miracle International (Holdings) Limited
  • Tower A
  • 10th Floor
  • Kwai Chung
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2199SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2015
RMTDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2015

Biography

Regina Miracle International (Holdings) Limited, an investment holding company, designs, manufactures, and trades in a range of intimate wear and functional sports products. It operates through three segme ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 12:52
End of Day Share Price2019/10/16 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.