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3306

JNBY Design SEHK:3306 Stock Report

Last Price

HK$7.80

Market Cap

HK$4.0b

7D

-12.7%

1Y

-42.3%

Updated

27 Sep, 2022

Data

Company Financials +
3306 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance3/6
Financial Health5/6
Dividends4/6

3306 Stock Overview

JNBY Design Limited, together with its subsidiaries, engages in the design, marketing, retail, and sale of fashion apparels, accessory products, and household goods in the People’s Republic of China and internationally.

JNBY Design Competitors

Price History & Performance

Summary of all time highs, changes and price drops for JNBY Design
Historical stock prices
Current Share PriceHK$7.80
52 Week HighHK$14.82
52 Week LowHK$6.76
Beta0.87
1 Month Change-3.70%
3 Month Change-10.55%
1 Year Change-42.31%
3 Year Change-30.73%
5 Year Change-8.56%
Change since IPO13.54%

Recent News & Updates

Jul 13
JNBY Design (HKG:3306) Knows How To Allocate Capital

JNBY Design (HKG:3306) Knows How To Allocate Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...

Shareholder Returns

3306HK LuxuryHK Market
7D-12.7%-4.3%-3.5%
1Y-42.3%-32.8%-25.2%

Return vs Industry: 3306 underperformed the Hong Kong Luxury industry which returned -32.8% over the past year.

Return vs Market: 3306 underperformed the Hong Kong Market which returned -25.2% over the past year.

Price Volatility

Is 3306's price volatile compared to industry and market?
3306 volatility
3306 Average Weekly Movement6.1%
Luxury Industry Average Movement5.7%
Market Average Movement6.3%
10% most volatile stocks in HK Market12.8%
10% least volatile stocks in HK Market3.0%

Stable Share Price: 3306 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 3306's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19941,497Huating Wuhttps://www.jnbygroup.com

JNBY Design Limited, together with its subsidiaries, engages in the design, marketing, retail, and sale of fashion apparels, accessory products, and household goods in the People’s Republic of China and internationally. It offers contemporary apparel, footwear, and accessories for women, men, and children, as well as household products under the JNBY, CROQUIS, jnby by JNBY, LESS, POMME DE TERRE, and JNBYHOME brands. As of June 30, 2022, the company operated 1,956 retail stores.

JNBY Design Fundamentals Summary

How do JNBY Design's earnings and revenue compare to its market cap?
3306 fundamental statistics
Market CapHK$4.00b
Earnings (TTM)HK$614.38m
Revenue (TTM)HK$4.49b

6.3x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3306 income statement (TTM)
RevenueCN¥4.09b
Cost of RevenueCN¥1.48b
Gross ProfitCN¥2.61b
Other ExpensesCN¥2.05b
EarningsCN¥558.88m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.12
Gross Margin63.81%
Net Profit Margin13.68%
Debt/Equity Ratio8.8%

How did 3306 perform over the long term?

See historical performance and comparison

Dividends

11.9%

Current Dividend Yield

72%

Payout Ratio

Does 3306 pay a reliable dividends?

See 3306 dividend history and benchmarks
When do you need to buy 3306 by to receive an upcoming dividend?
JNBY Design dividend dates
Ex Dividend DateOct 25 2022
Dividend Pay DateNov 03 2022
Days until Ex dividend27 days
Days until Dividend pay date36 days

Does 3306 pay a reliable dividends?

See 3306 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 3306 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 3306?

Other financial metrics that can be useful for relative valuation.

3306 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/Revenue0.8x
Enterprise Value/EBITDA3.9x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does 3306's PE Ratio compare to its peers?

3306 PE Ratio vs Peers
The above table shows the PE ratio for 3306 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9x
1234 China Lilang
8.5x14.7%HK$4.3b
2199 Regina Miracle International (Holdings)
10.8x17.5%HK$5.6b
116 Chow Sang Sang Holdings International
8.2x21.7%HK$5.6b
2368 Eagle Nice (International) Holdings
8.6xn/aHK$2.4b
3306 JNBY Design
6.3x13.6%HK$3.9b

Price-To-Earnings vs Peers: 3306 is good value based on its Price-To-Earnings Ratio (6.3x) compared to the peer average (9x).


Price to Earnings Ratio vs Industry

How does 3306's PE Ratio compare vs other companies in the HK Luxury Industry?

Price-To-Earnings vs Industry: 3306 is good value based on its Price-To-Earnings Ratio (6.3x) compared to the Hong Kong Luxury industry average (9x)


Price to Earnings Ratio vs Fair Ratio

What is 3306's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3306 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.3x
Fair PE Ratio9.3x

Price-To-Earnings vs Fair Ratio: 3306 is good value based on its Price-To-Earnings Ratio (6.3x) compared to the estimated Fair Price-To-Earnings Ratio (9.3x).


Share Price vs Fair Value

What is the Fair Price of 3306 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3306 (HK$7.8) is trading below our estimate of fair value (HK$29.39)

Significantly Below Fair Value: 3306 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: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is JNBY Design forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3306's forecast earnings growth (13.6% per year) is above the savings rate (1.6%).

Earnings vs Market: 3306's earnings (13.6% per year) are forecast to grow slower than the Hong Kong market (17.2% per year).

High Growth Earnings: 3306's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3306's revenue (11.9% per year) is forecast to grow faster than the Hong Kong market (9.8% per year).

High Growth Revenue: 3306's revenue (11.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3306's Return on Equity is forecast to be high in 3 years time (38.1%)


Discover growth companies

Past Performance

How has JNBY Design performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 3306 has high quality earnings.

Growing Profit Margin: 3306's current net profit margins (13.7%) are lower than last year (15.7%).


Past Earnings Growth Analysis

Earnings Trend: 3306's earnings have grown by 8.9% per year over the past 5 years.

Accelerating Growth: 3306's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3306 had negative earnings growth (-13.6%) over the past year, making it difficult to compare to the Luxury industry average (-11.4%).


Return on Equity

High ROE: 3306's Return on Equity (33.2%) is considered high.


Discover strong past performing companies

Financial Health

How is JNBY Design's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 3306's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.7B).

Long Term Liabilities: 3306's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥466.1M).


Debt to Equity History and Analysis

Debt Level: 3306 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 3306's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 3306's debt is well covered by operating cash flow (572.9%).

Interest Coverage: 3306's interest payments on its debt are well covered by EBIT (573.6x coverage).


Balance Sheet


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Dividend

What is JNBY Design current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


11.88%

Current Dividend Yield

Upcoming Dividend Payment

TodaySep 27 2022Ex Dividend DateOct 25 2022Dividend Pay DateNov 03 20229 days from Ex DividendBuy in the next 27 days to receive the upcoming dividend

Dividend Yield vs Market

JNBY Design Dividend Yield vs Market
How does JNBY Design dividend yield compare to the market?
SegmentDividend Yield
Company (JNBY Design)11.9%
Market Bottom 25% (HK)2.9%
Market Top 25% (HK)8.6%
Industry Average (Luxury)2.5%
Analyst forecast in 3 Years (JNBY Design)14.8%

Notable Dividend: 3306's dividend (11.88%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.95%).

High Dividend: 3306's dividend (11.88%) is in the top 25% of dividend payers in the Hong Kong market (8.6%)


Stability and Growth of Payments

Stable Dividend: 3306 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 3306's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (72.2%), 3306's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (58.8%), 3306's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

3.5yrs

Average management tenure


CEO

Huating Wu (47 yo)

3.5yrs

Tenure

CN¥20,945,000

Compensation

Ms. Huating Wu has been Chief Executive Officer at JNBY Design Limited since March 7, 2019 and as its Executive Director since May 8, 2019. She has experience in the operation, management and investment of...


CEO Compensation Analysis

Huating Wu's Compensation vs JNBY Design Earnings
How has Huating Wu's remuneration changed compared to JNBY Design's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022CN¥21mCN¥3m

CN¥559m

Mar 31 2022n/an/a

CN¥593m

Dec 31 2021n/an/a

CN¥628m

Sep 30 2021n/an/a

CN¥637m

Jun 30 2021CN¥15mCN¥3m

CN¥647m

Mar 31 2021n/an/a

CN¥514m

Dec 31 2020n/an/a

CN¥380m

Sep 30 2020n/an/a

CN¥364m

Jun 30 2020CN¥24mCN¥2m

CN¥347m

Mar 31 2020n/an/a

CN¥440m

Dec 31 2019n/an/a

CN¥534m

Sep 30 2019n/an/a

CN¥509m

Jun 30 2019CN¥2mCN¥375k

CN¥485m

Compensation vs Market: Huating's total compensation ($USD2.93M) is above average for companies of similar size in the Hong Kong market ($USD432.13K).

Compensation vs Earnings: Huating's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: 3306's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: 3306's board of directors are considered experienced (5.9 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.


Recent Insider Transactions

SEHK:3306 Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
25 Apr 22BuyHK$826,288Huating WuIndividual94,000HK$8.79
31 Mar 22BuyHK$478,500Huating WuIndividual50,000HK$9.57
04 Mar 22BuyHK$297,000Huating WuIndividual30,000HK$9.90
28 Sep 21BuyHK$3,992,046Energetic Design LimitedCompany296,500HK$13.46

Ownership Breakdown

What is the ownership structure of 3306?
Owner TypeNumber of SharesOwnership Percentage
Private Companies23,526,1004.7%
Institutions45,859,7739.2%
General Public105,273,12721.2%
Individual Insiders322,625,00064.9%

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


Top Shareholders

Top 25 shareholders own 78.43% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
33.5%
Lin Li
166,581,000CN¥1.3b0%no data
30.59%
Jian Wu
152,100,000CN¥1.2b0%no data
4.73%
Energetic Design Limited
23,526,100CN¥183.5m-14%no data
1.44%
Franklin Resources, Inc.
7,172,500CN¥55.9m8.27%no data
1.42%
The Vanguard Group, Inc.
7,074,152CN¥55.2m0.23%no data
0.83%
Jupiter Fund Management Plc
4,110,500CN¥32.1m0%0.01%
0.8%
First Sentier Investors (Australia) IM Ltd
3,999,873CN¥31.2m0%0.01%
0.79%
Huating Wu
3,944,000CN¥30.8m1932.99%no data
0.78%
Dimensional Fund Advisors LP
3,873,359CN¥30.2m-1.13%no data
0.73%
BNY Mellon Asset Management
3,613,295CN¥28.2m2.35%no data
0.66%
BlackRock, Inc.
3,281,378CN¥25.6m0%no data
0.39%
SEB Investment Management AB
1,938,500CN¥15.1m-17.09%no data
0.24%
AllianceBernstein L.P.
1,194,500CN¥9.3m0%no data
0.21%
State Street Global Advisors, Inc.
1,032,270CN¥8.1m-3.51%no data
0.18%
Garraway Capital Management LLP
910,180CN¥7.1m0%1.26%
0.18%
Mackenzie Financial Corporation
887,398CN¥6.9m0%no data
0.14%
Norges Bank Investment Management
697,288CN¥5.4m0%no data
0.13%
Ashmore Equities Investment Management (US) LLC
666,500CN¥5.2m0%0.54%
0.13%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
631,500CN¥4.9m84.11%no data
0.13%
Cambria Investment Management, L.P.
627,000CN¥4.9m1.54%0.07%
0.12%
Acadian Asset Management LLC
592,012CN¥4.6m-0.26%no data
0.097%
GAM Holding AG
484,000CN¥3.8m0%0.01%
0.077%
Goldman Sachs Asset Management, L.P.
383,500CN¥3.0m19.84%no data
0.077%
River and Mercantile Asset Management LLP
382,630CN¥3.0m0%0.02%
0.059%
Strategic Advisers LLC
293,220CN¥2.3m-0.01%no data

Company Information

JNBY Design Limited's employee growth, exchange listings and data sources


Key Information

  • Name: JNBY Design Limited
  • Ticker: 3306
  • Exchange: SEHK
  • Founded: 1994
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Implied Market Cap: HK$4.003b
  • Shares outstanding: 497.28m
  • Website: https://www.jnbygroup.com

Number of Employees


Location

  • JNBY Design Limited
  • Building 26, OoELi
  • No. 398 Tianmushan Road
  • Hangzhou
  • Zhejiang Province
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3306SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2016
JNBY.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2016

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.