SEHK:496

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Kasen International Holdings

Executive Summary

Kasen International Holdings Limited, an investment holding company, manufactures and sells upholstered furniture in the United States, the People’s Republic of China, Europe, and internationally.


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 496's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.1%

496

3.5%

HK Consumer Durables

3.4%

HK Market


1 Year Return

-84.1%

496

0.7%

HK Consumer Durables

-7.8%

HK Market

Return vs Industry: 496 underperformed the Hong Kong Consumer Durables industry which returned 0.7% over the past year.

Return vs Market: 496 underperformed the Hong Kong Market which returned -7.8% over the past year.


Shareholder returns

496IndustryMarket
7 Day-9.1%3.5%3.4%
30 Day-27.4%1.2%-1.4%
90 Day-38.4%-6.4%-5.8%
1 Year-84.1%-84.1%2.5%0.7%-4.8%-7.8%
3 Year-26.5%-32.8%-14.7%-20.0%-2.6%-12.4%
5 Year-21.3%-28.0%-17.4%-26.2%-13.6%-27.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Kasen International Holdings undervalued compared to its fair value and its price relative to the market?

2.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 496's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 496's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 496 is good value based on its PE Ratio (2.8x) compared to the Consumer Durables industry average (8.7x).

PE vs Market: 496 is good value based on its PE Ratio (2.8x) compared to the Hong Kong market (9.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 496's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 496 is good value based on its PB Ratio (0.4x) compared to the HK Consumer Durables industry average (0.7x).


Next Steps

Future Growth

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

15.4%

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 Kasen International 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 Kasen International Holdings performed over the past 5 years?

46.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 496 has high quality earnings.

Growing Profit Margin: 496's current net profit margins (13%) are higher than last year (12.5%).


Past Earnings Growth Analysis

Earnings Trend: 496's earnings have grown significantly by 46.2% per year over the past 5 years.

Accelerating Growth: 496's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 496 had negative earnings growth (-1.1%) over the past year, making it difficult to compare to the Consumer Durables industry average (8.3%).


Return on Equity

High ROE: 496's Return on Equity (14.3%) is considered low.


Next Steps

Financial Health

How is Kasen International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 496's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥2.3B).

Long Term Liabilities: 496's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥637.8M).


Debt to Equity History and Analysis

Debt Level: 496's debt to equity ratio (27.1%) is considered satisfactory.

Reducing Debt: 496's debt to equity ratio has reduced from 83.3% to 27.1% over the past 5 years.

Debt Coverage: 496's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 496's interest payments on its debt are well covered by EBIT (16.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Kasen International Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 496's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 496'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 496's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 496's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 496 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 496'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?

8.3yrs

Average management tenure


CEO

Ruijun Zhu (47yo)

0.33

Tenure

Mr. Ruijun Zhu serves as Chief Executive Officer and Executive Director at Kasen International Holdings Limited since February 28, 2020. Prior to joining the Kasen, Mr. Zhu has served successively as Secre ...


Leadership Team

NamePositionTenureCompensationOwnership
Zhangjin Zhu
Founder & Chairman of the Boardno dataCN¥662.00k38.03% CN¥460.1m
Xiaohong Zhou
VP & Executive Director3yrsCN¥293.00k0.64% CN¥7.7m
Ruijun Zhu
CEO & Executive Director0.33yrno data0.20% CN¥2.4m
Weijun Peng
Chief Financial Officer3yrsno datano data
Hoi Yan Yiu
Company Secretary13.5yrsno datano data

8.3yrs

Average Tenure

47yo

Average Age

Experienced Management: 496's management team is seasoned and experienced (8.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zhangjin Zhu
Founder & Chairman of the Boardno dataCN¥662.00k38.03% CN¥460.1m
Xiaohong Zhou
VP & Executive Director3yrsCN¥293.00k0.64% CN¥7.7m
Ruijun Zhu
CEO & Executive Director0.33yrno data0.20% CN¥2.4m
Yuchuan Zhang
Independent Non-Executive Director8.25yrsCN¥159.00kno data
Haibo Du
Independent Non-Executive Director4.58yrsCN¥159.00kno data
Lingqiang Zhou
Independent Non-Executive Director9yrsCN¥159.00kno data

4.6yrs

Average Tenure

51.5yo

Average Age

Experienced Board: 496's board of directors are considered experienced (4.6 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

Ownership Breakdown

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


Top Shareholders

Company Information

Kasen International Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kasen International Holdings Limited
  • Ticker: 496
  • Exchange: SEHK
  • Founded: 1995
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: HK$1.210b
  • Shares outstanding: 1.49b
  • Website: https://www.kasen.com.cn

Number of Employees


Location

  • Kasen International Holdings Limited
  • Building 1
  • 236 Haizhou Road West
  • Haining
  • Zhejiang Province
  • 314400
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
496SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2005
K1QDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2005
KSNI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2005
496SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDOct 2005

Biography

Kasen International Holdings Limited, an investment holding company, manufactures and sells upholstered furniture in the United States, the People’s Republic of China, Europe, and internationally. It operates through Manufacturing, Properties Development, and Others segments. The company produces and sells sofas, dining chairs, and other furniture products; and glass fiber reinforced plastic products. It also develops properties; operates resorts; and provides property management and tourism resort-related services. In addition, the company engages in the operation of a restaurant and hotel, waterpark, and provision of travel-related services; wood processing activities; and trading of leather products, as well as paper making business. Kasen International Holdings Limited was founded in 1995 and is headquartered in Haining, the People’s Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 12:59
End of Day Share Price2020/06/02 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.