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Top Form International

SEHK:333
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
333
SEHK
HK$305M
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company description

Top Form International Limited, an investment holding company, designs, manufactures, and distributes ladies’ intimate apparel. The last earnings update was 73 days ago. More info.


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333 Share Price and Events
7 Day Returns
-3.4%
SEHK:333
-4.1%
HK Luxury
-2.4%
HK Market
1 Year Returns
-13.9%
SEHK:333
-14.5%
HK Luxury
-16.5%
HK Market
333 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Top Form International (333) -3.4% -5.3% -7.2% -13.9% -17% -19.8%
HK Luxury -4.1% -9.9% -4.5% -14.5% 13.6% -1.2%
HK Market -2.4% -9% -8.1% -16.5% 19.3% 4.9%
1 Year Return vs Industry and Market
  • 333 outperformed the Market in Hong Kong which returned -16.5% over the past year.
Price Volatility
333
Industry
5yr Volatility vs Market

333 Value

 Is Top Form International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Top Form International. This is due to cash flow or dividend data being unavailable. The share price is HK$1.42.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Top Form International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Top Form International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:333 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$-0.09
SEHK:333 Share Price ** SEHK (2019-05-24) in HKD HK$1.42
Hong Kong Luxury Industry PE Ratio Median Figure of 77 Publicly-Listed Luxury Companies 9.55x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 10.99x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Top Form International.

SEHK:333 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:333 Share Price ÷ EPS (both in HKD)

= 1.42 ÷ -0.09

-16.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Top Form International is loss making, we can't compare its value to the HK Luxury industry average.
  • Top Form International is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Top Form International's expected growth come at a high price?
Raw Data
SEHK:333 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -16.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
35.9%per year
Hong Kong Luxury Industry PEG Ratio Median Figure of 23 Publicly-Listed Luxury Companies 0.87x
Hong Kong Market PEG Ratio Median Figure of 462 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Top Form International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Top Form International's assets?
Raw Data
SEHK:333 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$2.40
SEHK:333 Share Price * SEHK (2019-05-24) in HKD HK$1.42
Hong Kong Luxury Industry PB Ratio Median Figure of 122 Publicly-Listed Luxury Companies 1.02x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.94x
SEHK:333 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:333 Share Price ÷ Book Value per Share (both in HKD)

= 1.42 ÷ 2.40

0.59x

* Primary Listing of Top Form International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Top Form International is good value based on assets compared to the HK Luxury industry average.
X
Value checks
We assess Top Form International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Top Form International has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

333 Future Performance

 How is Top Form International expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Top Form International, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
35.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Top Form International expected to grow at an attractive rate?
  • Top Form International's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Top Form International's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Top Form International's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:333 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:333 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 35.9%
Hong Kong Luxury Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Hong Kong Luxury Industry Revenue Growth Rate Market Cap Weighted Average 11.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:333 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:333 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:333 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,242 22 -19
2018-09-30 1,262 22 -3
2018-06-30 1,281 23 13
2018-03-31 1,259 10 18
2017-12-31 1,237 -2 24
2017-09-30 1,181 1 14
2017-06-30 1,126 4 5
2017-03-31 1,111 24 10
2016-12-31 1,096 43 15
2016-09-30 1,137 42 24
2016-06-30 1,179 41 32
2016-03-31 1,193 24 35

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Top Form International's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Top Form International is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:333 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Top Form International Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:333 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:333 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 -0.09
2018-09-30 -0.01
2018-06-30 0.06
2018-03-31 0.08
2017-12-31 0.11
2017-09-30 0.07
2017-06-30 0.03
2017-03-31 0.05
2016-12-31 0.07
2016-09-30 0.11
2016-06-30 0.15
2016-03-31 0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Top Form International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Top Form International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Top Form International has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

333 Past Performance

  How has Top Form International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Top Form International's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Top Form International does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Top Form International's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Top Form International's 1-year growth to the HK Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Top Form International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Top Form International Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:333 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,242.46 -18.77 238.48
2018-09-30 1,261.74 -2.95 231.08
2018-06-30 1,281.02 12.87 223.69
2018-03-31 1,258.83 18.20 221.73
2017-12-31 1,236.64 23.53 219.78
2017-09-30 1,181.33 14.46 219.56
2017-06-30 1,126.01 5.40 219.34
2017-03-31 1,110.81 10.36 211.63
2016-12-31 1,095.60 15.31 203.92
2016-09-30 1,137.31 23.81 200.66
2016-06-30 1,179.03 32.30 197.40
2016-03-31 1,192.95 34.57 196.08
2015-12-31 1,206.87 36.84 194.77
2015-09-30 1,188.67 35.51 193.30
2015-06-30 1,170.47 34.18 191.83
2015-03-31 1,171.68 39.41 193.42
2014-12-31 1,172.90 44.65 195.02
2014-09-30 1,152.30 40.84 192.08
2014-06-30 1,131.70 37.03 189.14
2014-03-31 1,089.42 22.05 185.64
2013-12-31 1,047.14 7.07 182.14
2013-09-30 1,050.80 1.19 187.22
2013-06-30 1,054.45 -4.69 192.30
2013-03-31 1,081.86 -28.96 200.18
2012-12-31 1,109.27 -53.24 208.07
2012-09-30 1,120.83 -56.63 210.72
2012-06-30 1,132.39 -60.03 213.37

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Top Form International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Top Form International has efficiently used its assets last year compared to the HK Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Top Form International improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Top Form International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Top Form International has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

333 Health

 How is Top Form International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Top Form International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Top Form International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Top Form International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Top Form International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3571.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Top Form International Company Filings, last reported 4 months ago.

SEHK:333 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 524.20 0.14 68.29
2018-09-30 524.20 0.14 68.29
2018-06-30 552.46 0.21 102.62
2018-03-31 552.46 0.21 102.62
2017-12-31 571.53 0.29 104.35
2017-09-30 571.53 0.29 104.35
2017-06-30 555.90 0.35 133.30
2017-03-31 555.90 0.35 133.30
2016-12-31 554.42 0.42 137.68
2016-09-30 554.42 0.42 137.68
2016-06-30 568.83 0.48 166.68
2016-03-31 568.83 0.48 166.68
2015-12-31 564.45 0.55 139.97
2015-09-30 564.45 0.55 139.97
2015-06-30 578.97 0.00 169.22
2015-03-31 578.97 0.00 169.22
2014-12-31 571.33 0.00 176.66
2014-09-30 571.33 0.00 176.66
2014-06-30 577.66 0.00 129.16
2014-03-31 577.66 0.00 129.16
2013-12-31 528.07 0.00 133.78
2013-09-30 528.07 0.00 133.78
2013-06-30 518.37 0.00 136.01
2013-03-31 518.37 0.00 136.01
2012-12-31 514.85 0.34 121.79
2012-09-30 514.85 0.34 121.79
2012-06-30 515.25 0.00 145.67
  • Top Form International's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0% vs 0% today).
  • Debt is well covered by operating cash flow (15579.9%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Top Form International's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Top Form International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Top Form International has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

333 Dividends

 What is Top Form International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Top Form International dividends.
If you bought HK$2,000 of Top Form International shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Top Form International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Top Form International's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:333 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Luxury Industry Average Dividend Yield Market Cap Weighted Average of 56 Stocks 3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:333 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:333 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-14 0.000 0.000
2019-02-21 0.000 0.000
2018-09-20 0.100 6.303
2018-08-24 0.100 6.568
2018-02-22 0.100 6.363
2017-09-22 0.050 3.063
2017-08-24 0.050 3.034
2017-02-23 0.100 5.928
2016-09-23 0.100 5.602
2016-03-15 0.100 5.710
2016-02-19 0.100 5.313
2015-08-27 0.100 5.140
2015-03-10 0.100 4.690
2015-02-12 0.100 5.389
2014-09-26 0.100 5.186
2014-08-27 0.100 4.901
2014-03-13 0.100 5.303
2014-02-21 0.100 4.401
2013-10-04 0.000 0.000
2013-08-28 0.000 0.000
2013-02-22 0.000 0.000
2012-09-06 0.000 0.000
2012-03-08 0.050 3.167
2012-02-23 0.175 9.592
2011-09-16 0.200 10.729
2011-02-25 0.200 6.846
2010-09-17 0.250 7.244
2010-03-08 0.150 5.473
2010-02-19 0.150 4.752
2009-09-25 0.125 4.729

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Top Form International has not reported any payouts.
  • Unable to verify if Top Form International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Top Form International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Top Form International has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Top Form International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Top Form International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Top Form International has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

333 Management

 What is the CEO of Top Form International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin Wong
COMPENSATION HK$2,656,000
AGE 42
TENURE AS CEO 0.8 years
CEO Bio

Mr. Wong Kai Chung, also known as Kevin, CFA has been Chief Executive Officer of Top Form International Limited since August 24, 2018. He served as General Manager of Brands Business at Top Form International Ltd and was its Vice Chairman since May 22, 2015 until August 24, 2018. Mr. Wong served as Group Corporate Development Manager of Top Form International Ltd. and was responsible for the Group’s corporate affairs as well as development of the branded operation in the PRC. He joined Top Form International Ltd. in 2001. He has been Executive Director of Top Form International Ltd. since March 1, 2011. He serves as a Director of Marguerite Lee Ltd., Meritlux Garment and Unique Form Manufacturing Company Ltd. Mr. Kevin Wong graduated from Colby College, the United States of America majoring in Economics and International Studies in 1998. He was awarded a Master of Business Administration degree issued jointly by the Kellogg School of Management at Northwestern University and the Hong Kong University of Science and Technology in 2016. He is the holder of the Chartered Financial Analyst designation.

CEO Compensation
  • Kevin's compensation has increased whilst company is loss making.
  • Kevin's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Eddie Wong

TITLE
Chairman
COMPENSATION
HK$3M
AGE
73

Kevin Wong

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
42
TENURE
0.8 yrs

Kenneth Wong

TITLE
MD & Executive Director
COMPENSATION
HK$3M
AGE
44

Chi Wa Pun

TITLE
CFO & Company Secretary
AGE
46
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Top Form International board of directors in years:

11.8
Average Tenure
67.5
Average Age
  • The average tenure for the Top Form International board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Eddie Wong

TITLE
Chairman
COMPENSATION
HK$3M
AGE
73
TENURE
4.6 yrs

Kevin Wong

TITLE
CEO & Executive Director
COMPENSATION
HK$3M
AGE
42
TENURE
8.2 yrs

Kenneth Wong

TITLE
MD & Executive Director
COMPENSATION
HK$3M
AGE
44
TENURE
8.2 yrs

Alexander Chow

TITLE
Independent Non-Executive Director
COMPENSATION
HK$200K
AGE
71
TENURE
26.3 yrs

Lambert Leung

TITLE
Independent Non Executive Director
COMPENSATION
HK$200K
AGE
71
TENURE
13 yrs

Willy Lin

TITLE
Independent Non Executive Director
COMPENSATION
HK$200K
AGE
59
TENURE
13 yrs

Lucas A. M. Laureys

TITLE
Non-Executive Director
COMPENSATION
HK$200K
AGE
73
TENURE
16.7 yrs

Herman Van de Velde

TITLE
Non-Executive Director
COMPENSATION
HK$200K
AGE
64
TENURE
16.7 yrs

Jeanny Leung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$200K
AGE
53
TENURE
10.7 yrs

Wai Yiu Fung

TITLE
Non-Executive Director
COMPENSATION
HK$200K
AGE
71
TENURE
4.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
06. Sep 18 Buy Chung Chong Wong Individual 05. Sep 18 05. Sep 18 200,000 HK$1.50 HK$300,000
06. Sep 18 Sell Marvin Bienenfeld Individual 05. Sep 18 05. Sep 18 -170,000 HK$1.50 HK$-255,000
X
Management checks
We assess Top Form International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Top Form International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

333 News

Simply Wall St News

Have Insiders Been Buying Top Form International Limited (HKG:333) Shares This Year?

SEHK:333 Recent Insider Trading, May 16th 2019 Top Form International is not the only stock insiders are buying. … Does Top Form International Boast High Insider Ownership? … With high insider ownership and encouraging transactions, it seems like Top Form International insiders think the business has merit.

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Investors Who Bought Top Form International (HKG:333) Shares Three Years Ago Are Now Down 16%

Unfortunately, that's been the case for longer term Top Form International Limited (HKG:333) shareholders, since the share price is down 16% in the last three years, falling well short of the market return of around 45%. … On the other hand the share price has bounced 5.9% over the last week. … Top Form International saw its share price decline over the three years in which its EPS also dropped, falling to a loss.

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How Much Of Top Form International Limited (HKG:333) Do Insiders Own?

A look at the shareholders of Top Form International Limited (HKG:333) can tell us which group is most powerful. … Generally speaking, as a company grows, institutions will increase their ownership. … Conversely, insiders often decrease their ownership over time.

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Who Has Been Buying Top Form International Limited (HKG:333) Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in Top Form International Limited (HKG:333). … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

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Why We’re Not Impressed By Top Form International Limited’s (HKG:333) 1.1% ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

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Here's What Top Form International Limited's (HKG:333) P/E Is Telling Us

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Based on the last twelve months, Top Form International's P/E ratio is 27.07. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

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Who Really Owns Top Form International Limited (HKG:333)?

If you want to know who really controls Top Form International Limited (HKG:333), then you'll have to look at the makeup of its share registry. … Generally speaking, as a company grows, institutions will increase their ownership. … Top Form International is not a large company by global standards.

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With An ROE Of 2.2%, Has Top Form International Limited's (HKG:333) Management Done Well?

This analysis is intended to introduce important early concepts to people who are starting to invest. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Check out our latest analysis for Top Form International

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Does Top Form International Limited (HKG:333)'s Capital Return Make The Cut?

and want a simplistic look at the return on Top Form International Limited (HKG:333) stock. … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Thus, to understand how your money can grow by investing in Top Form International, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

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Does Top Form International Limited's (HKG:333) PE Ratio Warrant A Sell?

Top Form International Limited (HKG:333) is currently trading at a trailing P/E of 13.5x, which is higher than the industry average of 11.6x. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio

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333 Company Info

Description

Top Form International Limited, an investment holding company, designs, manufactures, and distributes ladies’ intimate apparel. The company offers brassieres and ladies’ underwear. It is also involved in the molding and laminating, and property holding and property investment businesses; and provision of consultancy services in relation to ladies intimate apparel and accessories. The company operates in Hong Kong, the United States, Belgium, the Netherlands, Spain, France, the People’s Republic of China, Germany, Italy, Mexico, Thailand, and internationally. Top Form International Limited was founded in 1963 and is headquartered in Kwun Tong, Hong Kong.

Details
Name: Top Form International Limited
333
Exchange: SEHK
Founded: 1963
HK$305,353,427
215,037,625
Website: http://www.topformbras.com
Address: Top Form International Limited
Tower A, Manulife Financial Centre,
15th Floor,
Kwun Tong,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 333 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 06. Jan 1992
Number of employees
Current staff
Staff numbers
8,527
Top Form International employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 12:35
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2017/09/22
Last earnings filing: 2019/03/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.