Billion Industrial Holdings Limited, together with its subsidiaries, develops, manufactures, and sells polyester filament yarns and polyester thin films primarily in the People’s Republic of China.
No risks detected for 2299 from our risk checks.
Excellent balance sheet with proven track record.
Share Price & News
How has Billion Industrial Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2299 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 2299 underperformed the Hong Kong Luxury industry which returned -25.3% over the past year.
Return vs Market: 2299 underperformed the Hong Kong Market which returned -22% over the past year.
Price Volatility Vs. Market
How volatile is Billion Industrial Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StHow Does Billion Industrial Holdings Limited's (HKG:2299) Earnings Growth Stack Up Against Industry Performance?
2 weeks ago | Simply Wall StWhat Does Billion Industrial Holdings Limited's (HKG:2299) P/E Ratio Tell You?
4 weeks ago | Simply Wall StHow Much Are Billion Industrial Holdings Limited (HKG:2299) Insiders Taking Off The Table?
Is Billion Industrial Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2299 (HK$4.8) is trading below our estimate of fair value (HK$279.48)
Significantly Below Fair Value: 2299 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2299 is poor value based on its PE Ratio (10.9x) compared to the Luxury industry average (7.3x).
PE vs Market: 2299 is poor value based on its PE Ratio (10.9x) compared to the Hong Kong market (9.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2299's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2299 is overvalued based on its PB Ratio (1.4x) compared to the HK Luxury industry average (0.7x).
How is Billion Industrial Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Billion Industrial 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.
- Check out Billion Industrial Holdings's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Billion Industrial Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Billion Industrial Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2299 has high quality earnings.
Growing Profit Margin: 2299's current net profit margins (9.1%) are higher than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: 2299's earnings have grown significantly by 33.7% per year over the past 5 years.
Accelerating Growth: 2299's earnings growth over the past year (10.2%) is below its 5-year average (33.7% per year).
Earnings vs Industry: 2299 earnings growth over the past year (10.2%) exceeded the Luxury industry -2.8%.
Return on Equity
High ROE: 2299's Return on Equity (12.8%) is considered low.
How is Billion Industrial Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 2299's short term assets (CN¥6.8B) do not cover its short term liabilities (CN¥9.2B).
Long Term Liabilities: 2299's short term assets (CN¥6.8B) exceed its long term liabilities (CN¥646.8M).
Debt to Equity History and Analysis
Debt Level: 2299's debt to equity ratio (24.2%) is considered satisfactory.
Reducing Debt: 2299's debt to equity ratio has reduced from 58.9% to 24.2% over the past 5 years.
Debt Coverage: 2299's debt is well covered by operating cash flow (264.5%).
Interest Coverage: 2299's interest payments on its debt are well covered by EBIT (7x coverage).
What is Billion Industrial Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 2299's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 2299'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 2299's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2299's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 2299 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 2299's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jinbiao Wu (56yo)
Mr. Jinbiao Wu is the Co-founder, Chief Executive Officer of Billion Industrial Holdings Ltd. He served as a President at Billion Industrial Holdings Limited. Mr. Wu has approximately 25 years of experienc ...
CEO Compensation Analysis
Compensation vs Market: Jinbiao's total compensation ($USD142.87K) is below average for companies of similar size in the Hong Kong market ($USD513.50K).
Compensation vs Earnings: Jinbiao's compensation has been consistent with company performance over the past year.
|Co-Founder & Co-Chairman||no data||CN¥1.06m||30.33% CN¥3.1b|
|Co-Founder||no data||CN¥1.01m||6.45% CN¥656.7m|
|Independent Non-Executive Director||0.92yr||CN¥76.00k||no data|
|Independent Non-Executive Director||5.92yrs||CN¥118.00k||no data|
|Independent Non-Executive Director||1.33yrs||CN¥1.00k||no data|
|Co-Chairman of the Board||0.92yr||no data||no data|
Experienced Board: 2299's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Billion Industrial Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Billion Industrial Holdings Limited
- Ticker: 2299
- Exchange: SEHK
- Founded: 2003
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: HK$10.186b
- Shares outstanding: 2.12b
- Website: https://www.baihong.com
Number of Employees
- Billion Industrial Holdings Limited
- Office Tower
- Unit 1501
- Wan Chai
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2299||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||May 2011|
|2BL||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 2011|
Billion Industrial Holdings Limited, together with its subsidiaries, develops, manufactures, and sells polyester filament yarns and polyester thin films primarily in the People’s Republic of China. Its polyester filament yarns include drawn textured, fully drawn, and partially oriented yarns for use in the production of fabrics and textiles for various consumer products, including apparel, footwear, and home furnishings. The company offers polyester thin films, such as heat sealable, twistable, anti-static, electronic releasing, and coating films, as well as metallization, printing, transfer, electrical insulation, card lamination, hot stamping, metallic yarn, reflector, holographic, and solar base films. It also exports its products to Turkey, Italy, Belgium, Brazil, the United States, Spain, Russia, and Poland. Billion Industrial Holdings Limited was founded in 2003 and is headquartered in Wanchai, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/06 13:13|
|End of Day Share Price||2020/04/06 00:00|
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.