SEHK:8107

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Vision International Holdings

Executive Summary

Vision International Holdings Limited provides apparel supply chain management services primarily in Germany, France, Korea, Austria, Switzerland, and internationally.


Snowflake Analysis

Excellent balance sheet and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 8107 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.8%

8107

8.2%

HK Luxury

4.1%

HK Market


1 Year Return

-35.3%

8107

8.2%

HK Luxury

-5.2%

HK Market

Return vs Industry: 8107 underperformed the Hong Kong Luxury industry which returned 8.2% over the past year.

Return vs Market: 8107 underperformed the Hong Kong Market which returned -5.2% over the past year.


Shareholder returns

8107IndustryMarket
7 Day5.8%8.2%4.1%
30 Day-12.7%12.1%3.5%
90 Day-15.4%-2.1%-5.3%
1 Year-17.1%-35.3%10.5%8.2%-2.0%-5.2%
3 Yearn/a31.5%19.4%-0.4%-10.6%
5 Yearn/a27.7%8.2%-9.0%-23.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Vision International Holdings 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: 8107 (HK$0.06) is trading below our estimate of fair value (HK$0.22)

Significantly Below Fair Value: 8107 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8107 is poor value based on its PE Ratio (11.4x) compared to the Luxury industry average (6.9x).

PE vs Market: 8107 is poor value based on its PE Ratio (11.4x) compared to the Hong Kong market (9.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8107's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8107 is overvalued based on its PB Ratio (0.9x) compared to the HK Luxury industry average (0.6x).


Next Steps

Future Growth

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

21.1%

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 Vision 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 Vision International Holdings performed over the past 5 years?

-63.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8107 has high quality earnings.

Growing Profit Margin: 8107's current net profit margins (5.4%) are lower than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: 8107's earnings have declined by -63.8% per year over the past 5 years.

Accelerating Growth: 8107's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8107 had negative earnings growth (-58.4%) over the past year, making it difficult to compare to the Luxury industry average (3%).


Return on Equity

High ROE: 8107's Return on Equity (7.7%) is considered low.


Next Steps

Financial Health

How is Vision International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8107's short term assets (HK$41.3M) exceed its short term liabilities (HK$15.0M).

Long Term Liabilities: 8107's short term assets (HK$41.3M) exceed its long term liabilities (HK$532.0K).


Debt to Equity History and Analysis

Debt Level: 8107's debt to equity ratio (16.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 8107's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 8107's debt is well covered by operating cash flow (163.7%).

Interest Coverage: 8107's interest payments on its debt are well covered by EBIT (13.6x coverage).


Balance Sheet


Next Steps

Dividend

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

27.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8107's dividend (27.27%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.44%).

High Dividend: 8107's dividend (27.27%) is in the top 25% of dividend payers in the Hong Kong market (7.14%)


Stability and Growth of Payments

Stable Dividend: 8107 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 8107 has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (362.8%), 8107's dividend payments are not 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.


Next Steps

Management

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

2.5yrs

Average board tenure


CEO

Man Ho Ko (29yo)

3.42yrs

Tenure

HK$902,000

Compensation

Mr. Ko Man Ho, also known as Morris, has been the Chief Executive Officer of Vision International Holdings Limited since January 1, 2017 and has been its Executive Director since July 8, 2017. Mr. Ko is pr ...


CEO Compensation Analysis

Compensation vs Market: Man Ho's total compensation ($USD116.38K) is below average for companies of similar size in the Hong Kong market ($USD229.19K).

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


Board Members

NamePositionTenureCompensationOwnership
Sin Yun Ko
Executive Chairman2.92yrsHK$305.00k75% HK$41.3m
Man Ho Ko
CEO & Executive director3.42yrsHK$902.00kno data
Ka Wing Cheng
CFO, Compliance Officer & Executive Director2.92yrsHK$810.00kno data
King Yan To
Independent Non-Executive Director2.17yrsHK$120.00kno data
Kim Sun Chan
Independent Non-Executive Director2.17yrsHK$120.00kno data
Chee Kin Kwok
Independent Non-Executive Director2.17yrsHK$120.00kno data

2.5yrs

Average Tenure

47yo

Average Age

Experienced Board: 8107's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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

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


Key Information

  • Name: Vision International Holdings Limited
  • Ticker: 8107
  • Exchange: SEHK
  • Founded: 2010
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$55.000m
  • Shares outstanding: 1.00b
  • Website: https://www.vision-holdings.com.hk

Number of Employees


Location

  • Vision International Holdings Limited
  • China United Plaza
  • 3rd Floor
  • Kowloon
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8107SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMay 2018

Biography

Vision International Holdings Limited provides apparel supply chain management services primarily in Germany, France, Korea, Austria, Switzerland, and internationally. It offers market trend analysis, product design and development, supplier sourcing, production management, logistics, and quality control services. The company was founded in 2010 and is headquartered in Kowloon, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 06:12
End of Day Share Price2020/06/03 00:00
Earnings2020/03/31
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.