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2358

Jiu Rong Holdings SEHK:2358 Stock Report

Last Price

HK$0.078

Market Cap

HK$426.8m

7D

-2.5%

1Y

-18.8%

Updated

28 Sep, 2022

Data

Company Financials
2358 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Jiu Rong Holdings
Historical stock prices
Current Share PriceHK$0.078
52 Week HighHK$0.13
52 Week LowHK$0.069
Beta0.29
1 Month Change-4.88%
3 Month Change0%
1 Year Change-18.75%
3 Year Change-40.91%
5 Year Change-70.00%
Change since IPO-92.78%

Recent News & Updates

May 13
Returns Are Gaining Momentum At Jiu Rong Holdings (HKG:2358)

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...

Shareholder Returns

2358HK Consumer DurablesHK Market
7D-2.5%-6.9%-3.9%
1Y-18.8%-48.3%-25.9%

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.

Price Volatility

Is 2358's price volatile compared to industry and market?
2358 volatility
2358 Average Weekly Movement3.6%
Consumer Durables Industry Average Movement6.7%
Market Average Movement6.3%
10% most volatile stocks in HK Market12.6%
10% least volatile stocks in HK Market3.1%

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

FoundedEmployeesCEOWebsite
n/a482n/ahttps://www.jiurongkg.com

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

How do Jiu Rong Holdings's earnings and revenue compare to its market cap?
2358 fundamental statistics
Market CapHK$426.82m
Earnings (TTM)-HK$25.00m
Revenue (TTM)HK$681.54m

0.6x

P/S Ratio

-17.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2358 income statement (TTM)
RevenueHK$681.54m
Cost of RevenueHK$563.02m
Gross ProfitHK$118.52m
Other ExpensesHK$143.52m
Earnings-HK$25.00m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.0046
Gross Margin17.39%
Net Profit Margin-3.67%
Debt/Equity Ratio129.2%

How did 2358 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 2358 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

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

  • Analyst Forecast

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.

2358 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.2x
Enterprise Value/EBITDA23.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 2358's PS Ratio compare to its peers?

2358 PS Ratio vs Peers
The above table shows the PS ratio for 2358 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.5x
912 Suga International Holdings
0.2xn/aHK$353.1m
1747 Home Control International
0.2x7.7%HK$250.8m
3882 Sky Light Holdings
1.1xn/aHK$810.3m
927 Fujikon Industrial Holdings
0.3xn/aHK$298.1m
2358 Jiu Rong Holdings
0.6xn/aHK$426.8m

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.

2358 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ration/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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Future Growth

How is Jiu Rong Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.6%

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.


Discover growth companies

  • Jiu Rong Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Jiu Rong Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-16.3%

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.


Discover strong past performing companies

Financial Health

How is Jiu Rong Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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.


Balance Sheet


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Dividend

What is Jiu Rong Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Jiu Rong Holdings Dividend Yield vs Market
How does Jiu Rong Holdings dividend yield compare to the market?
SegmentDividend Yield
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.


Discover strong dividend paying companies

Management

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

6.1yrs

Average board tenure


CEO

Jiu Rong Holdings has no CEO, or we have no data on them.


Board Members

Experienced Board: 2358's board of directors are considered experienced (6.1 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.


Ownership Breakdown

What is the ownership structure of 2358?
Owner TypeNumber of SharesOwnership Percentage
Public Companies493,206,0009.0%
Individual Insiders600,000,00011.0%
General Public4,378,794,00080.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 2 shareholders own 19.98% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
10.96%
Sin Fung Wong
600,000,000HK$46.8m0%no data
9.01%
Soyea Technology Co., Ltd
493,206,000HK$38.5m0%no data

Company Information

Jiu Rong Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Jiu Rong Holdings Limited
  • Convention Plaza, Office Tower
  • Flat 8, 49th Floor
  • Wan Chai
  • Hong Kong


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2358SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2004

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.