company background image
197

Heng Tai Consumables Group SEHK:197 Stock Report

Last Price

HK$0.093

Market Cap

HK$195.4m

7D

-2.1%

1Y

5.7%

Updated

11 Aug, 2022

Data

Company Financials
197 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

197 Stock Overview

Heng Tai Consumables Group Limited, an investment holding company, trades in packaged foods, beverages, and household consumables in the People’s Republic of China.

Heng Tai Consumables Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Heng Tai Consumables Group
Historical stock prices
Current Share PriceHK$0.093
52 Week HighHK$0.20
52 Week LowHK$0.064
Beta0.70
1 Month Change34.78%
3 Month Change6.90%
1 Year Change5.68%
3 Year Change-53.73%
5 Year Change-73.80%
Change since IPO-97.61%

Recent News & Updates

Apr 01
Does Heng Tai Consumables Group (HKG:197) Have A Healthy Balance Sheet?

Does Heng Tai Consumables Group (HKG:197) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

197HK Consumer RetailingHK Market
7D-2.1%-3.1%-0.6%
1Y5.7%-45.9%-23.8%

Return vs Industry: 197 exceeded the Hong Kong Consumer Retailing industry which returned -45.9% over the past year.

Return vs Market: 197 exceeded the Hong Kong Market which returned -23.8% over the past year.

Price Volatility

Is 197's price volatile compared to industry and market?
197 volatility
197 Average Weekly Movement5.8%
Consumer Retailing Industry Average Movement6.4%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.8%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 197 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 197's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1986320Kwok Hing Lamhttps://www.hengtai.com.hk

Heng Tai Consumables Group Limited, an investment holding company, trades in packaged foods, beverages, and household consumables in the People’s Republic of China. It operates through three segments: FMCG Trading Business, Agri-Products Business, and Logistics Services Business. The FMCG Trading Business segment offers packaged foods, such as biscuits, candies, chocolates, condiments, margarine and milk powder products, healthy foods, noodles, snacks, rice, potato chips, pasta, etc.; beverages, including soft drinks, fruit juices, etc.; and household consumable products comprising facial and toilet tissues, household cleaning products, etc. The Agri-Products Business segment engages in the cultivation, sale, and trading of fresh and processed fruits and vegetables.

Heng Tai Consumables Group Fundamentals Summary

How do Heng Tai Consumables Group's earnings and revenue compare to its market cap?
197 fundamental statistics
Market CapHK$195.43m
Earnings (TTM)-HK$269.80m
Revenue (TTM)HK$515.17m

0.4x

P/S Ratio

-0.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
197 income statement (TTM)
RevenueHK$515.17m
Cost of RevenueHK$536.48m
Gross Profit-HK$21.31m
Other ExpensesHK$248.50m
Earnings-HK$269.80m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.13
Gross Margin-4.14%
Net Profit Margin-52.37%
Debt/Equity Ratio1.0%

How did 197 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 197 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 197?

Other financial metrics that can be useful for relative valuation.

197 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Sales Ratio vs Peers

How does 197's PS Ratio compare to its peers?

197 PS Ratio vs Peers
The above table shows the PS ratio for 197 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.9x
8413 Asia Grocery Distribution
0.8xn/aHK$181.3m
8476 Ocean One Holding
0.5xn/aHK$221.2m
60 Hong Kong Food Investment Holdings
0.9xn/aHK$166.1m
1936 Ritamix Global
1.6xn/aHK$339.8m
197 Heng Tai Consumables Group
0.4xn/aHK$195.4m

Price-To-Sales vs Peers: 197 is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.9x).


Price to Earnings Ratio vs Industry

How does 197's PE Ratio compare vs other companies in the HK Consumer Retailing Industry?

Price-To-Sales vs Industry: 197 is good value based on its Price-To-Sales Ratio (0.4x) compared to the Hong Kong Consumer Retailing industry average (0.5x)


Price to Sales Ratio vs Fair Ratio

What is 197's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

197 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 197's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 197 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 197's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 197's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

How is Heng Tai Consumables Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.6%

Forecasted Consumer Retailing 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 Heng Tai Consumables Group 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.


Discover growth companies

  • Examine Heng Tai Consumables Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Heng Tai Consumables Group competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Heng Tai Consumables Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 197 is currently unprofitable.

Growing Profit Margin: 197 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 197 is unprofitable, but has reduced losses over the past 5 years at a rate of 3.8% per year.

Accelerating Growth: Unable to compare 197's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 197 is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (29.1%).


Return on Equity

High ROE: 197 has a negative Return on Equity (-20.72%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Heng Tai Consumables Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: 197's short term assets (HK$852.1M) exceed its short term liabilities (HK$97.6M).

Long Term Liabilities: 197's short term assets (HK$852.1M) exceed its long term liabilities (HK$19.3M).


Debt to Equity History and Analysis

Debt Level: 197 has more cash than its total debt.

Reducing Debt: 197's debt to equity ratio has reduced from 1.7% to 1% 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: 197 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: 197 has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 27.8% each year.


Discover healthy companies

Dividend

What is Heng Tai Consumables Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 197's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 197'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 197's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 197's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 197 is not paying a notable dividend for the Hong Kong market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 197 has not reported any payouts.


Discover strong dividend paying companies

Management

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

10.3yrs

Average management tenure


CEO

Kwok Hing Lam (65 yo)

10.42yrs

Tenure

HK$3,013,000

Compensation

Mr. Kwok Hing Lam has been the Chief Executive Officer of Heng Tai Consumables Group Limited since March 2012 and has been its Executive Director since April 2001. Mr. Lam serves as Chairman and Managing D...


CEO Compensation Analysis

Compensation vs Market: Kwok Hing's total compensation ($USD383.94K) is above average for companies of similar size in the Hong Kong market ($USD247.07K).

Compensation vs Earnings: Kwok Hing's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: 197's management team is seasoned and experienced (10.3 years average tenure).


Board Members

Experienced Board: 197's board of directors are seasoned and experienced ( 14.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 197 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.2%.


Top Shareholders

Company Information

Heng Tai Consumables Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Heng Tai Consumables Group Limited
  • Ticker: 197
  • Exchange: SEHK
  • Founded: 1986
  • Industry: Food Distributors
  • Sector: Consumer Retailing
  • Implied Market Cap: HK$195.431m
  • Shares outstanding: 2.10b
  • Website: https://www.hengtai.com.hk

Number of Employees


Location

  • Heng Tai Consumables Group Limited
  • Guangdong Finance Building
  • 31st Floor
  • Sheung Wan
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.