Yangtzekiang Garment
Market Cap
HK$578.9m
Last Updated
2020/02/26 12:37 UTC
Data Sources
Company Financials
Executive Summary
Yangtzekiang Garment Limited engages in the manufacturing, sourcing, wholesaling, and retailing of garment and textiles.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
Share Price & News
How has Yangtzekiang Garment's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 294 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
294
-7.0%
HK Luxury
-3.3%
HK Market
1 Year Return
-15.7%
294
0.1%
HK Luxury
-9.6%
HK Market
Return vs Industry: 294 underperformed the Hong Kong Luxury industry which returned 1% over the past year.
Return vs Market: 294 underperformed the Hong Kong Market which returned -9.8% over the past year.
Shareholder returns
| 294 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -7.0% | -3.3% |
| 30 Day | 0.7% | -11.9% | -3.8% |
| 90 Day | -6.7% | -12.0% | -0.2% |
| 1 Year | -12.1%-15.7% | 3.5%0.1% | -6.3%-9.6% |
| 3 Year | 11.0%-1.1% | 32.8%17.2% | 11.2%-0.05% |
| 5 Year | 16.7%-1.1% | 34.3%8.3% | 12.7%-6.0% |
Price Volatility Vs. Market
How volatile is Yangtzekiang Garment's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Is Yangtzekiang Garment Limited's (HKG:294) CEO Overpaid Relative To Its Peers?3 weeks ago | Simply Wall St
Could Yangtzekiang Garment Limited's (HKG:294) Investor Composition Influence The Stock Price?1 month ago | Simply Wall St
Yangtzekiang Garment Limited’s (HKG:294) Investment Returns Are Lagging Its IndustryValuation
Is Yangtzekiang Garment undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 294 (HK$2.8) is trading below our estimate of fair value (HK$23.47)
Significantly Below Fair Value: 294 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 294 is poor value based on its PE Ratio (305.3x) compared to the Luxury industry average (8.3x).
PE vs Market: 294 is poor value based on its PE Ratio (305.3x) compared to the Hong Kong market (9.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 294's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 294 is good value based on its PB Ratio (0.5x) compared to the HK Luxury industry average (0.8x).
Next Steps
Future Growth
How is Yangtzekiang Garment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
18.2%
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 Yangtzekiang Garment 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.
Next Steps
- Examine whether Yangtzekiang Garment 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.
- Yangtzekiang Garment competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has Yangtzekiang Garment performed over the past 5 years?
43.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 294 has a large one-off loss of HK$4.7M impacting its September 30 2019 financial results.
Growing Profit Margin: 294's current net profit margins (0.3%) are lower than last year (5.3%).
Past Earnings Growth Analysis
Earnings Trend: 294 has become profitable over the past 5 years, growing earnings by 43.3% per year.
Accelerating Growth: 294's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 294 had negative earnings growth (-95.3%) over the past year, making it difficult to compare to the Luxury industry average (-1.7%).
Return on Equity
High ROE: 294's Return on Equity (0.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Yangtzekiang Garment's financial position?
Financial Position Analysis
Short Term Liabilities: 294's short term assets (HK$481.5M) exceed its short term liabilities (HK$137.5M).
Long Term Liabilities: 294's short term assets (HK$481.5M) exceed its long term liabilities (HK$56.1M).
Debt to Equity History and Analysis
Debt Level: 294 is debt free.
Reducing Debt: 294 has not had any debt for past 5 years.
Debt Coverage: 294 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 294 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 294 has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 294's debt is covered by short term assets.
Next Steps
Dividend
What is Yangtzekiang Garment's current dividend yield, its reliability and sustainability?
4.29%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 294's dividend (4.29%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.32%).
High Dividend: 294's dividend (4.29%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.41%).
Stability and Growth of Payments
Stable Dividend: 294's dividend payments have been volatile in the past 10 years.
Growing Dividend: 294's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (1308.6%), 294's dividend payments are not 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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
27.1yrs
Average management tenure
CEO
Wing Kee Chan (72yo)
33.1yrs
Tenure
HK$2,471,000
Compensation
Mr. Wing Kee Chan, GBM, GBS, OBE, JP, has been the Managing Director of Yangtzekiang Garment Limited since 1987. Mr. Chan serves as the Chief Executive Officer of Asia Television Limited. He joined Yangtze ...
CEO Compensation Analysis
Compensation vs Market: Wing Kee's total compensation ($USD317.15K) is above average for companies of similar size in the Hong Kong market ($USD225.90K).
Compensation vs Earnings: Wing Kee's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 0yrs | HK$2.47m | 4.66% HK$27.0m | |
| MD & Executive Director | 33.1yrs | HK$2.47m | 4.31% HK$24.9m | |
| Executive Director | 37.1yrs | HK$60.00k | 2.45% HK$14.2m | |
| Executive Director | 27.1yrs | HK$1.53m | 1.66% HK$9.6m | |
| Deputy MD & Executive Director | 37.1yrs | HK$60.00k | 4.87% HK$28.2m | |
| GM & Executive Director | 14.3yrs | HK$2.03m | 0.0058% HK$33.6k | |
| Executive Director | 43.1yrs | HK$60.00k | 4.81% HK$27.8m | |
| Financial Controller & Company Secretary | 20.1yrs | no data | no data |
27.1yrs
Average Tenure
70yo
Average Age
Experienced Management: 294's management team is seasoned and experienced (27.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 0yrs | HK$2.47m | 4.66% HK$27.0m | |
| MD & Executive Director | 33.1yrs | HK$2.47m | 4.31% HK$24.9m | |
| Executive Director | 37.1yrs | HK$60.00k | 2.45% HK$14.2m | |
| Executive Director | 27.1yrs | HK$1.53m | 1.66% HK$9.6m | |
| Deputy MD & Executive Director | 37.1yrs | HK$60.00k | 4.87% HK$28.2m | |
| GM & Executive Director | 14.3yrs | HK$2.03m | 0.0058% HK$33.6k | |
| Executive Director | 43.1yrs | HK$60.00k | 4.81% HK$27.8m | |
| Independent Non-Executive Director | 2.4yrs | HK$150.00k | no data | |
| Independent Non-Executive Director | 16.1yrs | HK$150.00k | no data | |
| Independent Non-Executive Director | 7.2yrs | HK$150.00k | no data |
27.1yrs
Average Tenure
70yo
Average Age
Experienced Board: 294's board of directors are seasoned and experienced ( 27.1 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Yangtzekiang Garment Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Yangtzekiang Garment Limited
- Ticker: 294
- Exchange: SEHK
- Founded: 1949
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: HK$578.894m
- Shares outstanding: 206.75m
- Website: https://www.ygm.com.hk
Number of Employees
Location
- Yangtzekiang Garment Limited
- 22 Tai Yau Street
- San Po Kong
- Kowloon
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 294 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jan 1992 |
Biography
Yangtzekiang Garment Limited engages in the manufacturing, sourcing, wholesaling, and retailing of garment and textiles. It operates through three segments: Manufacture and Sale of Garments and Textiles; Interests in Joint Ventures; and Property Leasing. Its products include men’s and ladies’ shirts, trousers, shorts, polo shirts, T-shirts, skirts, loungewear, underwear and pyjamas, suits and jackets, knitted outerwear, blouses, etc. The company engages in the manufacture and sale of textile yarn products, as well as knitting and dyeing fabrics. In addition, it provides garment processing services; and leases commercial and industrial premises. The company sells its products and services primarily in Hong Kong, the United Kingdom, Italy, Spain, and other European countries; Mainland China; the United States; Canada; and internationally. The company was formerly known as Yangtzekiang Garment Mfg. Co., Ltd. and changed its name to Yangtzekiang Garment Limited in 2005. Yangtzekiang Garment Limited was founded in 1949 and is based in San Po Kong, Hong Kong.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/26 12:37 |
| End of Day Share Price | 2020/02/25 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.