High Fashion International Limited, an investment holding company, engages in manufacturing, retailing, and trading garments in the United States, Europe, Greater China, and internationally.
+ 1 more risk
Undervalued with acceptable track record.
Share Price & News
How has High Fashion International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 608 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 608 underperformed the Hong Kong Luxury industry which returned -2.1% over the past year.
Return vs Market: 608 underperformed the Hong Kong Market which returned -0.5% over the past year.
Price Volatility Vs. Market
How volatile is High Fashion International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHigh Fashion International Limited (HKG:608) Pays A HK$0.03 Dividend In Just Three Days
3 weeks ago | Simply Wall StCould The High Fashion International Limited (HKG:608) Ownership Structure Tell Us Something Useful?
1 month ago | Simply Wall StHigh Fashion International's (HKG:608) Earnings Are Growing But Is There More To The Story?
Is High Fashion International undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 608 (HK$1.47) is trading below our estimate of fair value (HK$6.25)
Significantly Below Fair Value: 608 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 608 is good value based on its PE Ratio (6.2x) compared to the Luxury industry average (7.9x).
PE vs Market: 608 is good value based on its PE Ratio (6.2x) compared to the Hong Kong market (10.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 608's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 608 is good value based on its PB Ratio (0.2x) compared to the HK Luxury industry average (0.7x).
How is High Fashion International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 High Fashion 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.
- Examine whether High Fashion International is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- High Fashion International competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has High Fashion International performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 608 has a large one-off gain of HK$17.9M impacting its December 31 2019 financial results.
Growing Profit Margin: 608's current net profit margins (2.5%) are higher than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: 608's earnings have declined by -10.7% per year over the past 5 years.
Accelerating Growth: 608's earnings growth over the past year (64.9%) exceeds its 5-year average (-10.7% per year).
Earnings vs Industry: 608 earnings growth over the past year (64.9%) exceeded the Luxury industry -13%.
Return on Equity
High ROE: 608's Return on Equity (2.6%) is considered low.
How is High Fashion International's financial position?
Financial Position Analysis
Short Term Liabilities: 608's short term assets (HK$2.2B) exceed its short term liabilities (HK$1.7B).
Long Term Liabilities: 608's short term assets (HK$2.2B) exceed its long term liabilities (HK$850.9M).
Debt to Equity History and Analysis
Debt Level: 608's debt to equity ratio (56.2%) is considered high.
Reducing Debt: 608's debt to equity ratio has reduced from 87% to 56.2% over the past 5 years.
Debt Coverage: 608's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: 608's interest payments on its debt are not well covered by EBIT (2.4x coverage).
What is High Fashion International current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 608's dividend (4.08%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.29%).
High Dividend: 608's dividend (4.08%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.63%).
Stability and Growth of Payments
Stable Dividend: 608's dividend payments have been volatile in the past 10 years.
Growing Dividend: 608's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.5%), 608's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Will Lam (37yo)
Mr. Gee Yu Lam, also known as Will, serves as Managing Director of High Fashion International Limited since February 1, 2020 and serves as its Executive Director since April 1, 2014. Mr. Lam is responsible ...
CEO Compensation Analysis
Compensation vs Market: Will's total compensation ($USD789.93K) is above average for companies of similar size in the Hong Kong market ($USD228.40K).
Compensation vs Earnings: Will's compensation has increased by more than 20% in the past year.
|Co-Founder & Executive Chairman||no data||HK$8.27m||51.91% HK$233.2m|
|MD & Executive Director||0.42yr||HK$6.12m||no data|
|Executive Director||no data||HK$4.72m||0.97% HK$4.4m|
|MD of China & Executive Director||6.25yrs||HK$5.22m||no data|
|Chairman & CEO of High Fashion Silk (Zhejiang) Co Ltd||no data||no data||no data|
|Non-Executive Director||13.33yrs||HK$200.00k||no data|
|Independent Non Executive Director||15.75yrs||HK$200.00k||no data|
|GM & Director of Zhejiang High Fashion Culture Creativity and Vice Chairman of High Fashion (China)||no data||no data||no data|
|Vice Chairman of High Fashion (China) Co Ltd & Director of High Fashion Garments Company Limited||no data||no data||no data|
|Independent Non Executive Director||16yrs||HK$200.00k||no data|
Experienced Board: 608's board of directors are seasoned and experienced ( 13.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 608 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
High Fashion International Limited's company bio, employee growth, exchange listings and data sources
- Name: High Fashion International Limited
- Ticker: 608
- Exchange: SEHK
- Founded: 1978
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: HK$449.255m
- Shares outstanding: 305.62m
- Website: https://www.highfashion.com.hk
Number of Employees
- High Fashion International Limited
- CITIC Telecom Tower
- 22nd Floor
- Kwai Chung
- New Territories
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|608||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Sep 1992|
High Fashion International Limited, an investment holding company, engages in manufacturing, retailing, and trading garments in the United States, Europe, Greater China, and internationally. The company operates through Manufacturing and Trading, Brand Business, and Property Investment and Development segments. It primarily offers upper tier, women’s and men’s, and woven silk and knitwear products, as well as sportswear, intimate apparel, neckwear, and home furnishings and textiles; silk ties and presents; and apparel accessories, such as plastic bags, hand tags, labels, clothes-racks, and stickers. The company is also involved in the holding of trademarks; trading of garments, fabrics, and accessories; property development and holding business; printing, dyeing, and sandwashing of fabrics; and provision of garment agency, management, silk weaving, and cultural complex development services. High Fashion International Limited was founded in 1978 and is headquartered in Kwai Chung, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/08 12:44|
|End of Day Share Price||2020/07/07 00:00|
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.