2358 Stock Overview
Jiu Rong Holdings Limited, an investment holding company, engages in the research, development, manufacture, and sale of digital televisions (TVs), high definition liquid crystal display TVs, and set-top boxes in the People’s Republic of China and Hong Kong.
Jiu Rong Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.078|
|52 Week High||HK$0.13|
|52 Week Low||HK$0.069|
|1 Month Change||-4.88%|
|3 Month Change||0%|
|1 Year Change||-18.75%|
|3 Year Change||-40.91%|
|5 Year Change||-70.00%|
|Change since IPO||-92.78%|
Recent News & Updates
Returns Are Gaining Momentum At Jiu Rong Holdings (HKG:2358)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
|2358||HK Consumer Durables||HK Market|
Return vs Industry: 2358 exceeded the Hong Kong Consumer Durables industry which returned -48.3% over the past year.
Return vs Market: 2358 exceeded the Hong Kong Market which returned -25.9% over the past year.
|2358 Average Weekly Movement||3.6%|
|Consumer Durables Industry Average Movement||6.7%|
|Market Average Movement||6.3%|
|10% most volatile stocks in HK Market||12.6%|
|10% least volatile stocks in HK Market||3.1%|
Stable Share Price: 2358 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 2358's weekly volatility has decreased from 9% to 4% over the past year.
About the Company
Jiu Rong Holdings Limited, an investment holding company, engages in the research, development, manufacture, and sale of digital televisions (TVs), high definition liquid crystal display TVs, and set-top boxes in the People’s Republic of China and Hong Kong. The company operates through six segments: Digital Video Business, New Energy Vehicles Business, Cloud Ecological Big Data Business, Properties Development, Properties Investments, and General Trading. It also provides solutions, such as integration of telecommunication, TV, and internet in the digital audio visual industry.
Jiu Rong Holdings Fundamentals Summary
|2358 fundamental statistics|
Is 2358 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2358 income statement (TTM)|
|Cost of Revenue||HK$563.02m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.0046|
|Net Profit Margin||-3.67%|
How did 2358 perform over the long term?See historical performance and comparison
Is 2358 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2358?
Other financial metrics that can be useful for relative valuation.
|What is 2358's n/a Ratio?|
Price to Sales Ratio vs Peers
How does 2358's PS Ratio compare to its peers?
|2358 PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
912 Suga International Holdings
1747 Home Control International
3882 Sky Light Holdings
927 Fujikon Industrial Holdings
2358 Jiu Rong Holdings
Price-To-Sales vs Peers: 2358 is expensive based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.5x).
Price to Earnings Ratio vs Industry
How does 2358's PE Ratio compare vs other companies in the HK Consumer Durables Industry?
Price-To-Sales vs Industry: 2358 is expensive based on its Price-To-Sales Ratio (0.6x) compared to the Hong Kong Consumer Durables industry average (0.5x)
Price to Sales Ratio vs Fair Ratio
What is 2358's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.6x|
|Fair PS Ratio||n/a|
Price-To-Sales vs Fair Ratio: Insufficient data to calculate 2358's Price-To-Sales Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 2358 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2358 (HK$0.08) is trading below our estimate of fair value (HK$0.21)
Significantly Below Fair Value: 2358 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Jiu Rong Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 Jiu Rong 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.
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- Jiu Rong Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
How has Jiu Rong Holdings performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2358 is currently unprofitable.
Growing Profit Margin: 2358 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 2358 is unprofitable, and losses have increased over the past 5 years at a rate of 16.3% per year.
Accelerating Growth: Unable to compare 2358's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2358 is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (-4.9%).
Return on Equity
High ROE: 2358 has a negative Return on Equity (-4.45%), as it is currently unprofitable.
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How is Jiu Rong Holdings's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2358's short term assets (HK$1.4B) do not cover its short term liabilities (HK$1.7B).
Long Term Liabilities: 2358's short term assets (HK$1.4B) exceed its long term liabilities (HK$745.2M).
Debt to Equity History and Analysis
Debt Level: 2358's net debt to equity ratio (72.7%) is considered high.
Reducing Debt: 2358's debt to equity ratio has increased from 44.9% to 129.2% over the past 5 years.
Debt Coverage: 2358's debt is well covered by operating cash flow (49.2%).
Interest Coverage: Insufficient data to determine if 2358's interest payments on its debt are well covered by EBIT.
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What is Jiu Rong Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Jiu Rong Holdings Dividend Yield vs Market|
|Company (Jiu Rong Holdings)||n/a|
|Market Bottom 25% (HK)||2.9%|
|Market Top 25% (HK)||8.7%|
|Industry Average (Consumer Durables)||4.8%|
|Analyst forecast in 3 Years (Jiu Rong Holdings)||n/a|
Notable Dividend: Unable to evaluate 2358's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 2358's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 2358's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2358's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as 2358 has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jiu Rong Holdings has no CEO, or we have no data on them.
Experienced Board: 2358's board of directors are considered experienced (6.1 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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Jiu Rong Holdings Limited's employee growth, exchange listings and data sources
- Name: Jiu Rong Holdings Limited
- Ticker: 2358
- Exchange: SEHK
- Founded: NaN
- Industry: Consumer Electronics
- Sector: Consumer Durables
- Implied Market Cap: HK$426.816m
- Shares outstanding: 5.47b
- Website: https://www.jiurongkg.com
Number of Employees
- Jiu Rong Holdings Limited
- Convention Plaza, Office Tower
- Flat 8, 49th Floor
- Wan Chai
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2358||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jul 2004|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 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.