SEHK:361

Stock Analysis Report

Executive Summary

Sino Golf Holdings Limited, an investment holding company, designs, develops, manufactures, and sells golf equipment, and related components and parts in Japan, North America, Europe, rest of Asia, and internationally.

Snowflake

Fundamentals

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Sino Golf Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.2%

361

0.03%

HK Leisure

3.1%

HK Market


1 Year Return

-40.4%

361

-17.0%

HK Leisure

0.5%

HK Market

Return vs Industry: 361 underperformed the Hong Kong Leisure industry which returned -17% over the past year.

Return vs Market: 361 underperformed the Hong Kong Market which returned 0.5% over the past year.


Shareholder returns

361IndustryMarket
7 Day-3.2%0.03%3.1%
30 Day-19.5%-8.1%-1.8%
90 Day-28.7%-13.6%-4.8%
1 Year-40.4%-40.4%-14.0%-17.0%4.1%0.5%
3 Year-27.3%-27.3%-33.3%-37.9%15.8%4.2%
5 Year-34.1%-34.1%-52.1%-54.6%18.9%-0.9%

Price Volatility Vs. Market

How volatile is Sino Golf Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sino Golf Holdings undervalued compared to its fair value and its price relative to the market?

2.73x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate 361's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate 361's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 361 is unprofitable, so we can't compare its PE Ratio to the Leisure industry average.

PE vs Market: 361 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 361's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 361 is overvalued based on its PB Ratio (2.7x) compared to the HK Leisure industry average (0.7x).


Next Steps

Future Growth

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

11.7%

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 Sino Golf 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.


Next Steps

Past Performance

How has Sino Golf Holdings performed over the past 5 years?

-10.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 361 is unprofitable, and losses have increased over the past 5 years at a rate of -10.3% per year.

Accelerating Growth: Unable to compare 361's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 361 is unprofitable, making it difficult to compare its past year earnings growth to the Leisure industry (7%).


Return on Equity

High ROE: 361 has a negative Return on Equity (-11.87%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 361 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 361 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Sino Golf Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 361's short term assets (HK$214.5M) exceeds its short term liabilities (HK$191.4M)

Long Term Liabilities: 361's short term assets (214.5M) exceeds its long term liabilities (59.5M)


Debt to Equity History and Analysis

Debt Level: 361's debt to equity ratio (72.2%) is considered high

Reducing Debt: 361's debt to equity ratio has increased from 39.2% to 72.2% over the past 5 years.


Balance Sheet

Inventory Level: 361 has a high level of physical assets or inventory.

Debt Coverage by Assets: 361's debt is covered by short term assets (assets are 1.035330x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 361 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 361 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 33.7% per year.


Next Steps

Dividend

What is Sino Golf Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%6.3%industryaverage4.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 361's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 361's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 361's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 361's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 361 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 361's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of Sino Golf Holdings's salary, the management and board of directors tenure and is there insider trading?

0.9yrs

Average board tenure


CEO

Sino Golf Holdings has no CEO, or we have no data on them.


Board Age and Tenure

0.9yrs

Average Tenure

46yo

Average Age

Experienced Board: 361's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • May Yee Lee (49yo)

    Senior Marketing Manager

    • Tenure: 0yrs
  • Augustine Chu (61yo)

    Co-Founder & Executive Director

    • Tenure: 0yrs
    • Compensation: HK$600.00k
  • Yan Fai Lee (34yo)

    Financial Controller

    • Tenure: 4.1yrs
  • Ka Ying Choi (34yo)

    CFO & Company Secretary

    • Tenure: 2.8yrs
  • Bangyin Huang (43yo)

    Chairman of the Board

    • Tenure: 1.5yrs
    • Compensation: HK$100.00k

Board Members

  • Augustine Chu (61yo)

    Co-Founder & Executive Director

    • Tenure: 0yrs
    • Compensation: HK$600.00k
  • Hans Wong (49yo)

    Non-Executive Director

    • Tenure: 4.2yrs
    • Compensation: HK$378.00k
  • Baojun Sheng (54yo)

    Independent Non-Executive Director

    • Tenure: 0.9yrs
    • Compensation: HK$21.00k
  • Bangyin Huang (43yo)

    Chairman of the Board

    • Tenure: 1.5yrs
    • Compensation: HK$100.00k
  • Kwong Yu Ho (33yo)

    Independent Non-Executive Director

    • Tenure: 0.9yrs
    • Compensation: HK$21.00k
  • Lin Lin (40yo)

    Independent Non-Executive Director

    • Tenure: 0.5yrs

Company Information

Sino Golf Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sino Golf Holdings Limited
  • Ticker: 361
  • Exchange: SEHK
  • Founded: 1988
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: HK$774.986m
  • Shares outstanding: 5.20b
  • Website: https://www.sinogolf.com

Number of Employees


Location

  • Sino Golf Holdings Limited
  • One Midtown
  • Room 4501
  • Tsuen Wan
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
361SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2000

Biography

Sino Golf Holdings Limited, an investment holding company, designs, develops, manufactures, and sells golf equipment, and related components and parts in Japan, North America, Europe, rest of Asia, and int ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 12:37
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.