Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Speed Apparel Holding. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
Speed Apparel Holding's
is considered below, and whether this is a fair price.
Price based on past earnings
Speed Apparel Holding's earnings available for a low price, and how does
this compare to other companies in the same industry?
Speed Apparel Holding's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
Unable to determine if Speed Apparel Holding is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Speed Apparel Holding's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Speed Apparel Holding
has a total score of
5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Speed Apparel Holding's finances.
The net worth of a company is the difference between its assets and liabilities.
Speed Apparel Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Speed Apparel Holding's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
Speed Apparel Holding's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Debt is covered by short term assets, assets are 29.4x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Chan Wing Kai has been Chairman of the Board, Chief Executive Officer and Chief Compliance Officer at Speed Apparel Holding Limited since June 15, 2016. Mr. Chan has been an Executive Director of Speed Apparel Holding Limited since November 19, 2015. He is responsible for the overall strategic planning and corporate policy making, as well as business development and day-to-day management of Speed Apparel Holding Limited’s business operation. Mr. Chan has more than 25 years of sales and merchandising experience in the apparel industry. Prior to joining Speed Apparel, he had been employed by South Overseas Fashion Limited from March 1990 to March 1995 and he was dispatched to Yamaichi Nitto Company Limited in Japan for on-the-job training from March 1993 to February 1994. He then worked for a knitwear manufacturing company, a subsidiary of South Asia Textiles (Holdings) Limited from 1995 to 2000. He was responsible for the operation and management of Speed Apparel’s business since he joined it. He is also a Director of Speed Apparel BVI, Speed Apparel HK, Speed Apparel Shenzhen and Knit World. Mr. Chan completed his secondary education in Hong Kong in 1987. He obtained a Level 1 certificate of the Japanese Language Proficiency Test in February 1990. He completed a course entitled ‘‘Professional certificate in business management’’ co-organised by Li Ka Shing Institute of Professional and Continuing Education, The Open University of Hong Kong and ET Business College in November 2008.
Wing Kai's compensation has been consistent with company performance over the past year.
Wing Kai's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure
Average tenure and age of the
Speed Apparel Holding
management team in years:
The tenure for the Speed Apparel Holding management team is about average.
Wing Kai Chan
CFO & Company Secretary
Assistant to Chief Executive Officer
Board of Directors Tenure
Average tenure and age of the
Speed Apparel Holding
board of directors in years:
The average tenure for the Speed Apparel Holding board of directors is less than 3 years, this suggests a new board.
What Can We Make Of Speed Apparel Holding Limited’s (HKG:8183) High Return On Capital?
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Could The Speed Apparel Holding Limited (HKG:8183) Ownership Structure Tell Us Something Useful?
Every investor in Speed Apparel Holding Limited (HKG:8183) should be aware of the most powerful shareholder groups. … Speed Apparel Holding is a smaller company with a market capitalization of HK$250m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Speed Apparel Holding
Is Speed Apparel Holding Limited (HKG:8183) An Attractive Dividend Stock?
Recently, Speed Apparel Holding Limited (HKG:8183) has started paying dividends to shareholders. … Does Speed Apparel Holding tick all the boxes of a great dividend stock? … Check out our latest analysis for Speed Apparel Holding
Is Speed Apparel Holding Limited (HKG:8183) Attractive At Its Current PE Ratio?
This analysis is intended to introduce important early concepts to people who are starting to invest. … Although some investors may see this as unappealing, it is important to understand the assumptions behind the P/E ratio before making judgments. … View our latest analysis for Speed Apparel Holding
Who Are The Largest Shareholders In Speed Apparel Holding Limited (HKG:8183)?
Today, I will be analyzing Speed Apparel Holding Limited’s (HKG:8183) recent ownership structure, an important but not-so-popular subject among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … View our latest analysis for Speed Apparel Holding
Should You Worry About Speed Apparel Holding Limited's (HKG:8183) CEO Pay?
Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability
Speed Apparel Holding Limited operates as an apparel supply chain management services provider primarily in Japan. The company offers knitwear products comprising women’s wear and men’s wear; and apparel supply chain management solutions for its customers ranging from fashion trend analysis, product design and development, sourcing and procurement of materials, production management, quality control, and logistics services. It also provides design and customers account services. It serves owners or sourcing agents of apparel retail brands. The company also sells products in Hong Kong, the People’s Republic of China, Taiwan, France, the United States, Australia, and South Africa. The company was founded in 1999 and is headquartered in Hung Hom, Hong Kong. Speed Apparel Holding Limited is a subsidiary of Speed Development Co. Ltd.
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