Kam Hing International Holdings Limited, an investment holding company, manufactures and sells knitted fabrics and dyed yarns in Mainland China, Korea, Hong Kong, Taiwan, Singapore, and internationally.
Undervalued with mediocre balance sheet.
Share Price & News
How has Kam Hing International Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2307 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 2307 underperformed the Hong Kong Luxury industry which returned 5.7% over the past year.
Return vs Market: 2307 underperformed the Hong Kong Market which returned -6.5% over the past year.
Price Volatility Vs. Market
How volatile is Kam Hing International Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIf You Had Bought Kam Hing International Holdings (HKG:2307) Stock Five Years Ago, You'd Be Sitting On A 45% Loss, Today
3 weeks ago | Simply Wall StShould Kam Hing International Holdings Limited (HKG:2307) Be Part Of Your Dividend Portfolio?
1 month ago | Simply Wall StDoes Kam Hing International Holdings (HKG:2307) Have A Healthy Balance Sheet?
Is Kam Hing International 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: 2307 (HK$0.44) is trading below our estimate of fair value (HK$14.3)
Significantly Below Fair Value: 2307 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2307 is good value based on its PE Ratio (6.3x) compared to the Luxury industry average (7x).
PE vs Market: 2307 is good value based on its PE Ratio (6.3x) compared to the Hong Kong market (9.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2307's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2307 is good value based on its PB Ratio (0.2x) compared to the HK Luxury industry average (0.7x).
How is Kam Hing International 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 Kam Hing 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.
- Examine whether Kam Hing International Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Kam Hing International 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 Kam Hing International Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2307 has high quality earnings.
Growing Profit Margin: 2307's current net profit margins (1.4%) are lower than last year (1.6%).
Past Earnings Growth Analysis
Earnings Trend: 2307's earnings have declined by -2.5% per year over the past 5 years.
Accelerating Growth: 2307's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2307 had negative earnings growth (-17.5%) over the past year, making it difficult to compare to the Luxury industry average (3%).
Return on Equity
High ROE: 2307's Return on Equity (3%) is considered low.
How is Kam Hing International Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 2307's short term assets (HK$2.8B) exceed its short term liabilities (HK$1.5B).
Long Term Liabilities: 2307's short term assets (HK$2.8B) exceed its long term liabilities (HK$1.3B).
Debt to Equity History and Analysis
Debt Level: 2307's debt to equity ratio (96.1%) is considered high.
Reducing Debt: 2307's debt to equity ratio has increased from 85% to 96.1% over the past 5 years.
Debt Coverage: 2307's debt is well covered by operating cash flow (27.5%).
Interest Coverage: 2307's interest payments on its debt are not well covered by EBIT (1.6x coverage).
What is Kam Hing International Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 2307's dividend (3.45%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.5%).
High Dividend: 2307's dividend (3.45%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.2%).
Stability and Growth of Payments
Stable Dividend: 2307's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2307's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.7%), 2307's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Chin Wen Tai (64yo)
Mr. Chin Wen Tai is a Co-Founder of Kam Hing International Holdings Ltd. and serves as its Chief Executive Officer. Mr. Tai is In Charge of the Group’s overall management. Mr. Tai was a founder of a constr ...
CEO Compensation Analysis
Compensation vs Market: Chin Wen's total compensation ($USD605.74K) is above average for companies of similar size in the Hong Kong market ($USD226.43K).
Compensation vs Earnings: Chin Wen's compensation has been consistent with company performance over the past year.
|Co-Founder & Chairman||no data||HK$5.78m||38.58% HK$146.0m|
|Co-Founder||no data||HK$4.70m||11.27% HK$42.6m|
|Head of Dyeing Material Sourcing||no data||HK$2.82m||0.11% HK$435.0k|
|Head of Yarn Sourcing||no data||HK$2.82m||0.11% HK$435.0k|
|CFO, Secretary & Executive Director||0.42yr||no data||no data|
|Non Executive Director||11.67yrs||HK$600.00k||no data|
|Independent Non-Executive Director||2.92yrs||HK$240.00k||no data|
|Independent Non-Executive Director||10.08yrs||HK$240.00k||no data|
|Independent Non-Executive Director||3.5yrs||HK$240.00k||no data|
Experienced Board: 2307's board of directors are considered experienced (3.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kam Hing International Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Kam Hing International Holdings Limited
- Ticker: 2307
- Exchange: SEHK
- Founded: 1996
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: HK$378.415m
- Shares outstanding: 869.92m
- Website: https://www.kamhingintl.com
Number of Employees
- Kam Hing International Holdings Limited
- TML Tower, Workshop A
- 23rd Floor
- Tsuen Wan
- New Territories
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2307||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Sep 2004|
Kam Hing International Holdings Limited, an investment holding company, manufactures and sells knitted fabrics and dyed yarns in Mainland China, Korea, Hong Kong, Taiwan, Singapore, and internationally. The company operates through three segments: Fabric Products, Garment Products, and Others. It offers knitted and dyed fabrics, including pure cotton and cotton blended fabrics, and special raw materials; and dyed yarns and sewing threads, as well as manufactures and trades in garment products. The company also provides sewage treatment, and air and ocean freight handling services; subcontracting; and corporate management, sales planning, and consultancy services. In addition, it engages in the trading of yarns, dyeing materials, and finished fabrics; and property holding and mining activities. Kam Hing International Holdings Limited was founded in 1996 and is headquartered in Tsuen Wan, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/03 12:32|
|End of Day Share Price||2020/06/02 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.