SEHK:6822

Stock Analysis Report

King's Flair International (Holdings)

Executive Summary

King's Flair International (Holdings) Limited, an investment holding company, designs, develops, and supplies kitchenware and household products in the United States, Europe, Asia, Canada, and internationally.


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has King's Flair International (Holdings)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6822 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.8%

6822

0.6%

HK Consumer Durables

2.7%

HK Market


1 Year Return

-11.4%

6822

-22.2%

HK Consumer Durables

-19.8%

HK Market

Return vs Industry: 6822 exceeded the Hong Kong Consumer Durables industry which returned -24.1% over the past year.

Return vs Market: 6822 exceeded the Hong Kong Market which returned -21.1% over the past year.


Shareholder returns

6822IndustryMarket
7 Day-0.8%0.6%2.7%
30 Day9.1%-12.5%-7.2%
90 Day11.9%-16.2%-12.1%
1 Year-2.1%-11.4%-20.7%-22.2%-16.9%-19.8%
3 Year38.3%2.3%-14.3%-19.7%0.9%-9.3%
5 Year112.8%28.2%-24.6%-32.9%-12.6%-26.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is King's Flair International (Holdings) undervalued compared to its fair value and its price relative to the market?

29.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6822 (HK$1.32) is trading below our estimate of fair value (HK$1.87)

Significantly Below Fair Value: 6822 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6822 is good value based on its PE Ratio (7.4x) compared to the Consumer Durables industry average (10.2x).

PE vs Market: 6822 is good value based on its PE Ratio (7.4x) compared to the Hong Kong market (9.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6822's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6822 is overvalued based on its PB Ratio (1.3x) compared to the HK Consumer Durables industry average (0.7x).


Next Steps

Future Growth

How is King's Flair International (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.6%

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 King's Flair 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 King's Flair International (Holdings) performed over the past 5 years?

-1.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6822 has high quality earnings.

Growing Profit Margin: 6822's current net profit margins (8.1%) are higher than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: 6822's earnings have declined by -1.4% per year over the past 5 years.

Accelerating Growth: 6822's earnings growth over the past year (5.9%) exceeds its 5-year average (-1.4% per year).

Earnings vs Industry: 6822 earnings growth over the past year (5.9%) underperformed the Consumer Durables industry 6.2%.


Return on Equity

High ROE: 6822's Return on Equity (18.7%) is considered low.


Next Steps

Financial Health

How is King's Flair International (Holdings)'s financial position?


Financial Position Analysis

Short Term Liabilities: 6822's short term assets (HK$949.2M) exceed its short term liabilities (HK$295.6M).

Long Term Liabilities: 6822's short term assets (HK$949.2M) exceed its long term liabilities (HK$9.5M).


Debt to Equity History and Analysis

Debt Level: 6822's debt to equity ratio (7.9%) is considered satisfactory.

Reducing Debt: 6822's debt to equity ratio has reduced from 15% to 7.9% over the past 5 years.

Debt Coverage: 6822's debt is well covered by operating cash flow (119.6%).

Interest Coverage: 6822 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is King's Flair International (Holdings)'s current dividend yield, its reliability and sustainability?

9.85%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 6822's dividend (9.85%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.71%).

High Dividend: 6822's dividend (9.85%) is in the top 25% of dividend payers in the Hong Kong market (7.21%)


Stability and Growth of Payments

Stable Dividend: 6822 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6822's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (64.4%), 6822's dividend payments are 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.


Next Steps

Management

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

3.4yrs

Average management tenure


CEO

Alex Wong (62yo)

7.83s

Tenure

HK$9,058,000

Compensation

Mr. Siu Wah Wong, also known as Alex, Founded the King's Flair International (Holdings) Limited. Mr. Wong serves as the Chief Executive Officer of King's Flair International (Holdings) Limited and has been ...


CEO Compensation Analysis

Compensation vs Market: Alex's total compensation ($USD1.17M) is above average for companies of similar size in the Hong Kong market ($USD232.17K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Siu Wah Wong
Founder7.83yrsHK$9.06m60% HK$554.4m
Fook Chi Wong
COO, Compliance Officer & Executive Director7.83yrsHK$883.00kno data
Chi Wai Chow
Sales & Marketing Director3.42yrsno datano data
Chan Tung
Senior Director of Marketing1.42yrsno datano data
Hok Wan
Company Secretary1.58yrsno datano data

3.4yrs

Average Tenure

51yo

Average Age

Experienced Management: 6822's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Siu Wah Wong
Founder7.83yrsHK$9.06m60% HK$554.4m
Fook Chi Wong
COO, Compliance Officer & Executive Director7.83yrsHK$883.00kno data
Wai Ling Leung
Independent Non-Executive Director5.33yrsHK$171.00kno data
Kin Tak Lau
Independent Non-Executive Director5.33yrsHK$171.00kno data
Anthony Graeme Michaels
Independent Non-Executive Director5.33yrsHK$171.00kno data

5.3yrs

Average Tenure

51yo

Average Age

Experienced Board: 6822's board of directors are considered experienced (5.3 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.


Ownership Breakdown

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


Top Shareholders

Company Information

King's Flair International (Holdings) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: King's Flair International (Holdings) Limited
  • Ticker: 6822
  • Exchange: SEHK
  • Founded: 1984
  • Industry: Housewares and Specialties
  • Sector: Consumer Durables
  • Market Cap: HK$924.000m
  • Shares outstanding: 700.00m
  • Website: https://www.kingsflair.com

Number of Employees


Location

  • King's Flair International (Holdings) Limited
  • Yardley Commercial Building
  • 12th Floor
  • Sheung Wan
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6822SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 2015

Biography

King's Flair International (Holdings) Limited, an investment holding company, designs, develops, and supplies kitchenware and household products in the United States, Europe, Asia, Canada, and internationally. Its products include kitchen tools and gadgets, drinkware, bakeware, and accessories, as well as food preparation and storage products and accessories. The company is also involved in the retail, wholesale, distribution, and trading of kitchenware products. King's Flair International (Holdings) Limited was founded in 1984 and is headquartered in Sheung Wan, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 13:33
End of Day Share Price2020/04/07 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.