SEHK:638

Stock Analysis Report

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Executive Summary

Kin Yat Holdings Limited, an investment holding company, engages in the design, manufacture, and sale of electrical and electronic products, motors, encoder films, and other products.


Snowflake Analysis

Solid track record with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 638 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

638

5.4%

HK Consumer Durables

4.1%

HK Market


1 Year Return

-21.1%

638

9.0%

HK Consumer Durables

-4.7%

HK Market

Return vs Industry: 638 underperformed the Hong Kong Consumer Durables industry which returned 9% over the past year.

Return vs Market: 638 underperformed the Hong Kong Market which returned -4.7% over the past year.


Shareholder returns

638IndustryMarket
7 Day0%5.4%4.1%
30 Day10.3%6.1%4.2%
90 Day-6.3%24.3%11.7%
1 Year-21.1%-21.1%11.1%9.0%-1.2%-4.7%
3 Year-62.8%-66.2%0.6%-6.2%7.7%-3.5%
5 Year-13.8%-36.4%14.6%1.7%7.2%-10.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Kin Yat Holdings undervalued compared to its fair value and its price relative to the market?

1.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 638's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 638's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 638 is good value based on its PE Ratio (1.8x) compared to the Consumer Durables industry average (9.1x).

PE vs Market: 638 is good value based on its PE Ratio (1.8x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 638's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 638 is good value based on its PB Ratio (0.3x) compared to the HK Consumer Durables industry average (0.8x).


Next Steps

Future Growth

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

15.2%

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 Kin Yat 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 Kin Yat Holdings performed over the past 5 years?

49.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 638 has high quality earnings.

Growing Profit Margin: 638's current net profit margins (5.7%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: 638 has become profitable over the past 5 years, growing earnings by 49.2% per year.

Accelerating Growth: 638's earnings growth over the past year (58.5%) exceeds its 5-year average (49.2% per year).

Earnings vs Industry: 638 earnings growth over the past year (58.5%) exceeded the Consumer Durables industry 16.1%.


Return on Equity

High ROE: 638's Return on Equity (14.2%) is considered low.


Next Steps

Financial Health

How is Kin Yat Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 638's short term assets (HK$1.5B) exceed its short term liabilities (HK$1.3B).

Long Term Liabilities: 638's short term assets (HK$1.5B) exceed its long term liabilities (HK$382.8M).


Debt to Equity History and Analysis

Debt Level: 638's debt to equity ratio (55.2%) is considered high.

Reducing Debt: 638's debt to equity ratio has increased from 19.4% to 55.2% over the past 5 years.

Debt Coverage: 638's debt is well covered by operating cash flow (30.2%).

Interest Coverage: 638's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Kin Yat Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 638's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 638'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 638's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 638's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 638 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 638'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 board tenure


CEO

Chor Kit Cheng (68yo)

no data

Tenure

HK$4,500,000

Compensation

Mr. Chor Kit Cheng is the Founder of Kin Yat Holdings Limited and serves as its Chairman and Chief Executive Officer. Mr. Cheng also serves as Head of Overall Operation & Strategic Planning at Kin Yat Hold ...


CEO Compensation Analysis

Compensation vs Market: Chor Kit's total compensation ($USD580.64K) is above average for companies of similar size in the Hong Kong market ($USD226.42K).

Compensation vs Earnings: Chor Kit's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Chor Kit Cheng
Founderno dataHK$4.50m64.49% HK$212.3m
Wah Cheong Fung
Executive Director14.92yrsHK$2.72m1.86% HK$6.1m
Tat Luen Liu
Executive Director10.58yrsHK$1.29m0.46% HK$1.5m
Tsz To Cheng
Executive Director6.08yrsHK$1.37m0.68% HK$2.2m
Tsz Hang Cheng
Executive Director4.33yrsHK$1.64m0.68% HK$2.2m
Chi Wai Wong
Independent Non Executive Director15.83yrsHK$382.00k0.11% HK$375.0k
Kwai Yu Sun
Independent Non Executive Director15.83yrsHK$382.00k0.23% HK$750.0k
Wang Ip Cheung
Independent Non-Executive Director6yrsHK$382.00k0.046% HK$150.0k
Kwok Kin Cheng
Independent Non-Executive Director6.08yrsHK$382.00k0.018% HK$60.0k

8.3yrs

Average Tenure

58yo

Average Age

Experienced Board: 638's board of directors are considered experienced (8.3 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

Kin Yat Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kin Yat Holdings Limited
  • Ticker: 638
  • Exchange: SEHK
  • Founded: 1981
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: HK$329.220m
  • Shares outstanding: 438.96m
  • Website: https://www.kinyat.com.hk

Number of Employees


Location

  • Kin Yat Holdings Limited
  • Galaxy Factory Building
  • 7th Floor
  • San Po Kong
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
638SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMay 1997
KY5BST (Boerse-Stuttgart)YesOrdinary SharesDEEURMay 1997

Biography

Kin Yat Holdings Limited, an investment holding company, engages in the design, manufacture, and sale of electrical and electronic products, motors, encoder films, and other products. The company operates through four segments: Electrical and Electronic Products, Motors, Real Estate Development, and Glass Technology and Application. The Electrical and Electronic Products segment designs, develops, and manufactures artificial intelligence robotics, Internet of Things and smart home products, electronic entertainment products, and small home appliances. The Motors segment provides a range of electric motor drives and related products. The Real Estate Development segment engages in the development of residential and commercial property projects located at Dushan Economic Development Zone in Dushan County, Guizhou Province. The Glass Technology and Application segment engages in the sale and downstream processing of glass, as well as design, manufacture, and installation of curtain wall systems. Kin Yat Holdings Limited also holds properties; and manufactures and sells toys and clothes. The company markets its products in the United States, Europe, Asia, and internationally. The company was founded in 1981 and is headquartered in San Po Kong, Hong Kong. Kin Yat Holdings Limited is a subsidiary of Resplendent Global Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 12:44
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.