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229

Raymond IndustrialSEHK:229 Stock Report

Market Cap

HK$510.9m

7D

-3.8%

1Y

15.9%

Updated

24 Sep, 2021

Data

Company Financials
229 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends3/6

229 Overview

Raymond Industrial Limited, together with its subsidiaries, designs, manufactures, and sells electrical home appliances in Japan, the United States, the People’s Republic of China, Europe, rest of Asia, Australia, Canada, South America, Africa, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Raymond Industrial
Historical stock prices
Current Share PriceHK$1.02
52 Week HighHK$0.86
52 Week LowHK$1.30
Beta0.40
1 Month Change-2.86%
3 Month Change-7.27%
1 Year Change15.91%
3 Year Change-2.86%
5 Year Change0%
Change since IPO-31.08%

Recent News & Updates

Shareholder Returns

229HK Consumer DurablesHK Market
7D-3.8%-5.6%-2.4%
1Y15.9%10.8%9.1%

Return vs Industry: 229 exceeded the Hong Kong Consumer Durables industry which returned 12.7% over the past year.

Return vs Market: 229 exceeded the Hong Kong Market which returned 10.1% over the past year.

Price Volatility

Is 229's price volatile compared to industry and market?
229 volatility
229 Beta0.40
Industry Beta1.55
Market Beta1

Stable Share Price: 229 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 229's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19643,065Raymond Wonghttps://www.raymondfinance.com

Raymond Industrial Limited, together with its subsidiaries, designs, manufactures, and sells electrical home appliances in Japan, the United States, the People’s Republic of China, Europe, rest of Asia, Australia, Canada, South America, Africa, and internationally. It offers environmental products, batteries, health and personal care products, and kitchen products, as well as other small and medium sized electrical household appliances. The company was incorporated in 1964 and is headquartered in Sha Tin, Hong Kong.

Raymond Industrial Fundamentals Summary

How do Raymond Industrial's earnings and revenue compare to its market cap?
229 fundamental statistics
Market CapHK$510.92m
Earnings (TTM)HK$53.28m
Revenue (TTM)HK$1.40b

9.6x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
229 income statement (TTM)
RevenueHK$1.40b
Cost of RevenueHK$1.21b
Gross ProfitHK$182.69m
ExpensesHK$129.41m
EarningsHK$53.28m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin13.08%
Net Profit Margin3.81%
Debt/Equity Ratio0.0%

How did 229 perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

56%

Payout Ratio

Valuation

Is Raymond Industrial undervalued compared to its fair value and its price relative to the market?

9.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 229 (HK$1.02) is trading above our estimate of fair value (HK$0.78)

Significantly Below Fair Value: 229 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 229 is poor value based on its PE Ratio (9.6x) compared to the Hong Kong Consumer Durables industry average (7.9x).

PE vs Market: 229 is good value based on its PE Ratio (9.6x) compared to the Hong Kong market (9.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 229's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 229's PB Ratio (0.8x) is in line with the HK Consumer Durables industry average.


Future Growth

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

21.7%

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 Raymond Industrial 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.


Past Performance

How has Raymond Industrial performed over the past 5 years?

3.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 229 has high quality earnings.

Growing Profit Margin: 229's current net profit margins (3.8%) are lower than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: 229's earnings have grown by 3.7% per year over the past 5 years.

Accelerating Growth: 229's earnings growth over the past year (10.8%) exceeds its 5-year average (3.7% per year).

Earnings vs Industry: 229 earnings growth over the past year (10.8%) underperformed the Consumer Durables industry 19.6%.


Return on Equity

High ROE: 229's Return on Equity (8.3%) is considered low.


Financial Health

How is Raymond Industrial's financial position?


Financial Position Analysis

Short Term Liabilities: 229's short term assets (HK$738.7M) exceed its short term liabilities (HK$263.4M).

Long Term Liabilities: 229's short term assets (HK$738.7M) exceed its long term liabilities (HK$167.0K).


Debt to Equity History and Analysis

Debt Level: 229 is debt free.

Reducing Debt: 229 has not had any debt for past 5 years.

Debt Coverage: 229 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 229 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Raymond Industrial current dividend yield, its reliability and sustainability?

5.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 229's dividend (5.88%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 229's dividend (5.88%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.77%).


Stability and Growth of Payments

Stable Dividend: 229's dividends per share have been stable in the past 10 years.

Growing Dividend: 229's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.8%), 229's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.9yrs

Average board tenure


CEO

Raymond Wong (54 yo)

no data

Tenure

HK$4,697,000

Compensation

Dr. Man Hin Wong, also known as Raymond, serves as the General Manager of Raymond Industrial Ltd. Dr. Wong has been Deputy Executive Chairman of Raymond Industrial Ltd., since April 19, 2007. He has been a...


CEO Compensation Analysis

Compensation vs Market: Raymond's total compensation ($USD603.38K) is above average for companies of similar size in the Hong Kong market ($USD229.48K).

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


Board Members

Experienced Board: 229's board of directors are seasoned and experienced ( 11.9 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

Raymond Industrial Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Raymond Industrial Limited
  • Ticker: 229
  • Exchange: SEHK
  • Founded: 1964
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: HK$510.918m
  • Shares outstanding: 500.90m
  • Website: https://www.raymondfinance.com

Number of Employees


Location

  • Raymond Industrial Limited
  • Grandtech Centre
  • 18th Floor
  • Sha Tin
  • New Territories
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 15:31
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.