Texwinca Holdings Limited engages in the production, dyeing, and sale of knitted fabrics, yarns, and garments.
Very undervalued with excellent balance sheet.
Share Price & News
How has Texwinca Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 321's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 321 underperformed the Hong Kong Luxury industry which returned 8.8% over the past year.
Return vs Market: 321 underperformed the Hong Kong Market which returned -5.3% over the past year.
Price Volatility Vs. Market
How volatile is Texwinca Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StCan We See Significant Insider Ownership On The Texwinca Holdings Limited (HKG:321) Share Register?
3 weeks ago | Simply Wall StShould You Use Texwinca Holdings's (HKG:321) Statutory Earnings To Analyse It?
1 month ago | Simply Wall StWhat Is Texwinca Holdings Limited's (HKG:321) Share Price Doing?
Is Texwinca 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: 321 (HK$1.13) is trading below our estimate of fair value (HK$2.78)
Significantly Below Fair Value: 321 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 321 is good value based on its PE Ratio (4.6x) compared to the Luxury industry average (6.8x).
PE vs Market: 321 is good value based on its PE Ratio (4.6x) compared to the Hong Kong market (9.4x).
Price to Earnings Growth Ratio
PEG Ratio: 321 is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: 321 is good value based on its PB Ratio (0.3x) compared to the HK Luxury industry average (0.7x).
How is Texwinca Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 321's forecast earnings growth (14.9% per year) is above the savings rate (1.6%).
Earnings vs Market: 321's earnings (14.9% per year) are forecast to grow slower than the Hong Kong market (17.1% per year).
High Growth Earnings: 321's earnings are forecast to grow, but not significantly.
Revenue vs Market: 321's revenue (4.8% per year) is forecast to grow slower than the Hong Kong market (10.6% per year).
High Growth Revenue: 321's revenue (4.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 321's Return on Equity is forecast to be high in 3 years time
How has Texwinca Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 321 has high quality earnings.
Growing Profit Margin: 321's current net profit margins (4.2%) are higher than last year (3.6%).
Past Earnings Growth Analysis
Earnings Trend: 321's earnings have declined by -23.6% per year over the past 5 years.
Accelerating Growth: 321's earnings growth over the past year (6.9%) exceeds its 5-year average (-23.6% per year).
Earnings vs Industry: 321 earnings growth over the past year (6.9%) exceeded the Luxury industry 3%.
Return on Equity
High ROE: 321's Return on Equity (6.6%) is considered low.
How is Texwinca Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 321's short term assets (HK$6.4B) exceed its short term liabilities (HK$3.5B).
Long Term Liabilities: 321's short term assets (HK$6.4B) exceed its long term liabilities (HK$493.4M).
Debt to Equity History and Analysis
Debt Level: 321's debt to equity ratio (26.2%) is considered satisfactory.
Reducing Debt: 321's debt to equity ratio has increased from 24.7% to 26.2% over the past 5 years.
Debt Coverage: 321's debt is well covered by operating cash flow (55.2%).
Interest Coverage: 321 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Texwinca Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 321's dividend (17.7%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.46%).
High Dividend: 321's dividend (17.7%) is in the top 25% of dividend payers in the Hong Kong market (7.13%)
Stability and Growth of Payments
Stable Dividend: 321's dividend payments have been volatile in the past 10 years.
Growing Dividend: 321's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (101.1%), 321's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 321's dividends in 3 years are forecast to be covered by earnings (75.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kit Chung Ting (64yo)
Mr. Ting Kit Chung has been the Chief Executive Officer of Texwinca Holdings Ltd. since June 17, 2013 and serves as its Head of Financial Management and General Administration. Mr. Ting is responsible for ...
CEO Compensation Analysis
Compensation vs Market: Kit Chung's total compensation ($USD2.03M) is above average for companies of similar size in the Hong Kong market ($USD279.69K).
Compensation vs Earnings: Kit Chung's compensation has been consistent with company performance over the past year.
|Executive Chairman||7yrs||HK$34.27m||49.49% HK$738.5m|
|CEO, Head of Financial Management||7yrs||HK$15.73m||0.44% HK$6.6m|
|Executive Director||2.67yrs||HK$6.64m||no data|
|Independent Non-Executive Director||27.92yrs||HK$485.00k||no data|
|Independent Non-Executive Director||24.92yrs||HK$485.00k||no data|
|Independent Non-Executive Director||9.17yrs||HK$485.00k||no data|
Experienced Board: 321's board of directors are seasoned and experienced ( 17 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 321 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.
Texwinca Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Texwinca Holdings Limited
- Ticker: 321
- Exchange: SEHK
- Founded: 1975
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: HK$1.492b
- Shares outstanding: 1.38b
- Website: https://www.texwinca.com
Number of Employees
- Texwinca Holdings Limited
- Tower II
- Kwai Chung
- New Territories
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TXWH.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Sep 1992|
|321||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Sep 1992|
|TXW||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Sep 1992|
|321||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Sep 1992|
|321||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Sep 1992|
Texwinca Holdings Limited engages in the production, dyeing, and sale of knitted fabrics, yarns, and garments. The company offers finished knitted fabric products in single knit, double knit, velour and polar fleece, jacquard, spandex, stripe, and flat knit areas. It also provides dyed yarn products, such as ramie/cotton, rayon/cotton, acrylic/cotton, and polyester/cotton blend yarn dyed products, as well as cotton yarn dyed products. In addition, the company retails and distributes casual apparel and accessories; and offers franchise services. Further, it is involved in the property holding and sub-letting activities; holding of trademarks; procurement of raw materials; provision of management services; and investing in properties. The company sells its products primarily in the United States, Mainland China, Japan, Hong Kong, and internationally. Texwinca Holdings Limited was founded in 1975 and is headquartered in Kwai Chung, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 12:42|
|End of Day Share Price||2020/06/05 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.