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417

Tse Sui Luen Jewellery (International)SEHK:417 Stock Report

Market Cap

HK$249.2m

7D

0%

1Y

18.6%

Updated

15 Oct, 2021

Data

Company Financials
417 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

417 Overview

Tse Sui Luen Jewellery (International) Limited, an investment holding company, manufactures, sells, and markets jewelry products in Hong Kong, Macau, Mainland China, Malaysia, and other countries.

Price History & Performance

Summary of all time highs, changes and price drops for Tse Sui Luen Jewellery (International)
Historical stock prices
Current Share PriceHK$1.02
52 Week HighHK$0.70
52 Week LowHK$1.42
Beta0.69
1 Month Change-3.77%
3 Month Change-13.56%
1 Year Change18.61%
3 Year Change-47.69%
5 Year Change-46.40%
Change since IPO-98.83%

Recent News & Updates

Jun 24
The Returns On Capital At Tse Sui Luen Jewellery (International) (HKG:417) Don't Inspire Confidence

The Returns On Capital At Tse Sui Luen Jewellery (International) (HKG:417) Don't Inspire Confidence

What financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...

Jan 10
Is Tse Sui Luen Jewellery (International) (HKG:417) Using Too Much Debt?

Is Tse Sui Luen Jewellery (International) (HKG:417) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

417HK LuxuryHK Market
7D0%-2.9%-0.3%
1Y18.6%49.9%5.0%

Return vs Industry: 417 underperformed the Hong Kong Luxury industry which returned 49.9% over the past year.

Return vs Market: 417 exceeded the Hong Kong Market which returned 5% over the past year.

Price Volatility

Is 417's price volatile compared to industry and market?
417 volatility
417 Beta0.69
Industry Beta0.95
Market Beta1

Stable Share Price: 417 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: 417's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19602,390Annie Yauhttps://www.tslj.com

Tse Sui Luen Jewellery (International) Limited, an investment holding company, manufactures, sells, and markets jewelry products in Hong Kong, Macau, Mainland China, Malaysia, and other countries. It operates through Retail Business, Wholesale Business, and Other Businesses segments. The company is also involved in the retail, wholesale, trading, and franchising of jewelry; property holding and investment businesses; trademarks holding and investment; and management and administrative services, as well as logistic and supply chain management activities.

Tse Sui Luen Jewellery (International) Fundamentals Summary

How do Tse Sui Luen Jewellery (International)'s earnings and revenue compare to its market cap?
417 fundamental statistics
Market CapHK$249.18m
Earnings (TTM)-HK$43.98m
Revenue (TTM)HK$2.65b

0.1x

P/S Ratio

-5.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
417 income statement (TTM)
RevenueHK$2.65b
Cost of RevenueHK$1.69b
Gross ProfitHK$959.72m
ExpensesHK$1.00b
Earnings-HK$43.98m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.18
Gross Margin36.23%
Net Profit Margin-1.66%
Debt/Equity Ratio105.0%

How did 417 perform over the long term?

See historical performance and comparison

Valuation

Is Tse Sui Luen Jewellery (International) 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: 417 (HK$1.02) is trading below our estimate of fair value (HK$18.13)

Significantly Below Fair Value: 417 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 417 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Luxury industry average.

PE vs Market: 417 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 417's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 417 is good value based on its PB Ratio (0.3x) compared to the HK Luxury industry average (0.8x).


Future Growth

How is Tse Sui Luen Jewellery (International) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.0%

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 Tse Sui Luen Jewellery (International) 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.


Past Performance

How has Tse Sui Luen Jewellery (International) performed over the past 5 years?

-53.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 417 is currently unprofitable.

Growing Profit Margin: 417 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 417 is unprofitable, and losses have increased over the past 5 years at a rate of 53.2% per year.

Accelerating Growth: Unable to compare 417's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 417 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (40.3%).


Return on Equity

High ROE: 417 has a negative Return on Equity (-4.68%), as it is currently unprofitable.


Financial Health

How is Tse Sui Luen Jewellery (International)'s financial position?


Financial Position Analysis

Short Term Liabilities: 417's short term assets (HK$2.2B) exceed its short term liabilities (HK$1.1B).

Long Term Liabilities: 417's short term assets (HK$2.2B) exceed its long term liabilities (HK$485.1M).


Debt to Equity History and Analysis

Debt Level: 417's debt to equity ratio (105%) is considered high.

Reducing Debt: 417's debt to equity ratio has increased from 103.2% to 105% over the past 5 years.

Debt Coverage: 417's debt is well covered by operating cash flow (36.5%).

Interest Coverage: Insufficient data to determine if 417's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Tse Sui Luen Jewellery (International) current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 417's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 417's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 417's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 417's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 417 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 417's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

10.8yrs

Average management tenure


CEO

Annie Yau (51 yo)

11.58yrs

Tenure

HK$4,382,000

Compensation

Ms. On Yee Yau, also known as Annie, has been the Chief Executive Officer at TSE Sui Luen Jewellery International Ltd. since March 1st, 2010. Ms. Yau served as Senior Information Technology Manager and Sen...


CEO Compensation Analysis

Compensation vs Market: Annie's total compensation ($USD563.37K) is above average for companies of similar size in the Hong Kong market ($USD230.70K).

Compensation vs Earnings: Annie's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: 417's management team is seasoned and experienced (10.8 years average tenure).


Board Members

Experienced Board: 417's board of directors are seasoned and experienced ( 11.2 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

Tse Sui Luen Jewellery (International) Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Tse Sui Luen Jewellery (International) Limited
  • Ticker: 417
  • Exchange: SEHK
  • Founded: 1960
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$249.182m
  • Shares outstanding: 249.18m
  • Website: https://www.tslj.com

Number of Employees


Location

  • Tse Sui Luen Jewellery (International) Limited
  • Summit Building
  • Ground Floor, Block B
  • Hung Hom
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 15:36
End of Day Share Price2021/10/15 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.