SEHK:844

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Greatime International Holdings

Executive Summary

Greatime International Holdings Limited, an investment holding company, manufactures and sells knitted fabrics and innerwear products for infants and adults in the People’s Republic of China, Japan, the United States, Italy, Africa, Myanmar, and internationally.


Snowflake Analysis

Excellent balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 844's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.1%

844

8.5%

HK Luxury

5.8%

HK Market


1 Year Return

-25.4%

844

10.1%

HK Luxury

-4.0%

HK Market

Return vs Industry: 844 underperformed the Hong Kong Luxury industry which returned 10.1% over the past year.

Return vs Market: 844 underperformed the Hong Kong Market which returned -4% over the past year.


Shareholder returns

844IndustryMarket
7 Day-1.1%8.5%5.8%
30 Day22.1%10.5%4.0%
90 Day-17.5%2.3%-2.6%
1 Year-25.4%-25.4%12.8%10.1%-0.6%-4.0%
3 Year-42.7%-42.7%35.4%22.6%1.3%-9.2%
5 Year-78.3%-78.3%32.5%11.6%-9.2%-23.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Greatime International Holdings undervalued compared to its fair value and its price relative to the market?

0.73x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 844's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 844's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 844 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 844 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 844's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 844 is overvalued based on its PB Ratio (0.7x) compared to the HK Luxury industry average (0.6x).


Next Steps

Future Growth

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

21.2%

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 Greatime 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 Greatime International Holdings performed over the past 5 years?

-35.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 844 is currently unprofitable.

Growing Profit Margin: 844 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 844 is unprofitable, and losses have increased over the past 5 years at a rate of -35% per year.

Accelerating Growth: Unable to compare 844's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 844 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (3%).


Return on Equity

High ROE: 844 has a negative Return on Equity (-2.33%), as it is currently unprofitable.


Next Steps

Financial Health

How is Greatime International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 844's short term assets (CN¥210.6M) exceed its short term liabilities (CN¥166.3M).

Long Term Liabilities: 844's short term assets (CN¥210.6M) exceed its long term liabilities (CN¥2.4M).


Debt to Equity History and Analysis

Debt Level: 844's debt to equity ratio (35.4%) is considered satisfactory.

Reducing Debt: 844's debt to equity ratio has increased from 32.7% to 35.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 844 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: 844 has sufficient cash runway for 2.9 years if free cash flow continues to reduce at historical rates of 20.5% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 844's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 844'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 844's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 844's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 844 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 844'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?

3.7yrs

Average board tenure


CEO

Shuwei Du (51yo)

1.58yrs

Tenure

CN¥1,058,000

Compensation

Mr. Shuwei Du has been Executive Director and Chief Executive Officer at Greatime International Holdings Limited since November 01, 2018. Mr. Du served as an Independent Director at Wintime Energy Co.,Ltd. ...


CEO Compensation Analysis

Compensation vs Market: Shuwei's total compensation ($USD149.37K) is below average for companies of similar size in the Hong Kong market ($USD228.98K).

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


Board Members

NamePositionTenureCompensationOwnership
Bin Wang
Executive Chairman of the Board3.67yrsCN¥1.06mno data
Shuwei Du
CEO & Executive Director1.58yrsCN¥1.06mno data
Ying Tian
Executive Vice Chairman of the Board1.58yrsCN¥1.06mno data
Yanlin Zhang
Non-Executive Director3.67yrsCN¥176.00kno data
Dunkai Xu
Independent Non-Executive Director3.67yrsCN¥132.00kno data
Xin Feng
Independent Non-Executive Director3.67yrsCN¥132.00kno data
Quansen Hu
Independent Non-Executive Director3.67yrsCN¥132.00kno data

3.7yrs

Average Tenure

51yo

Average Age

Experienced Board: 844's board of directors are considered experienced (3.7 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

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


Key Information

  • Name: Greatime International Holdings Limited
  • Ticker: 844
  • Exchange: SEHK
  • Founded: 2000
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$232.338m
  • Shares outstanding: 494.34m
  • Website: https://www.greatimeintl.com

Number of Employees


Location

  • Greatime International Holdings Limited
  • Hopewell Centre
  • 44th Floor
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
844SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 2011
844SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 2011

Biography

Greatime International Holdings Limited, an investment holding company, manufactures and sells knitted fabrics and innerwear products for infants and adults in the People’s Republic of China, Japan, the United States, Italy, Africa, Myanmar, and internationally. The company operates through Innerwear Products and Knitted Fabrics segments. It manufactures functional and customized fabrics for lingerie and apparel brands; and offers a range of innerwear for men, women, toddlers, and infants, including T-shirts, vests, long-sleeves pullovers, men’s briefs and boxer briefs, women’s panties, long johns, and toddlers’ and infants’ body suits and bibs. The company is also involved in the manufacture and trade of garments; and provision of fabric weaving knitting, printing, and dyeing services. It primarily sells its products to the sourcing agents, wholesalers, and brand owners. The company was formerly known as Grand Concord International Holdings Limited and changed its name to Greatime International Holdings Limited in June 2017. The company was founded in 2000 and is headquartered in Wan Chai, Hong Kong. Greatime International Holdings Limited is a subsidiary of Junfun Investment Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 13:51
End of Day Share Price2020/06/05 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.