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60

Hong Kong Food Investment HoldingsSEHK:60 Stock Report

Market Cap

HK$176.5m

7D

0%

1Y

17.2%

Updated

21 Oct, 2021

Data

Company Financials
60 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

60 Overview

Hong Kong Food Investment Holdings Limited, an investment holding company, trades in frozen meats, seafood, and vegetables.

Price History & Performance

Summary of all time highs, changes and price drops for Hong Kong Food Investment Holdings
Historical stock prices
Current Share PriceHK$0.68
52 Week HighHK$0.55
52 Week LowHK$0.89
Beta0.29
1 Month Change1.49%
3 Month Change-13.92%
1 Year Change17.24%
3 Year Change-18.07%
5 Year Change-40.87%
Change since IPO-65.48%

Recent News & Updates

Aug 24
We Discuss Why Hong Kong Food Investment Holdings Limited's (HKG:60) CEO Compensation May Be Closely Reviewed

We Discuss Why Hong Kong Food Investment Holdings Limited's (HKG:60) CEO Compensation May Be Closely Reviewed

Hong Kong Food Investment Holdings Limited ( HKG:60 ) has not performed well recently and CEO Ellis Man will probably...

Aug 10
Is Hong Kong Food Investment Holdings (HKG:60) Using Debt Sensibly?

Is Hong Kong Food Investment Holdings (HKG:60) Using Debt Sensibly?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

60HK Consumer RetailingHK Market
7D0%8.8%1.8%
1Y17.2%-41.9%5.7%

Return vs Industry: 60 exceeded the Hong Kong Consumer Retailing industry which returned -41.8% over the past year.

Return vs Market: 60 exceeded the Hong Kong Market which returned 6.2% over the past year.

Price Volatility

Is 60's price volatile compared to industry and market?
60 volatility
60 Beta0.29
Industry Beta0.88
Market Beta1

Stable Share Price: 60 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 60's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199165Ellis Manhttps://www.hongkongfoodinvestment.com.hk

Hong Kong Food Investment Holdings Limited, an investment holding company, trades in frozen meats, seafood, and vegetables. It operates in two segments, Trading and Others. The company offers poultry, pork, beef, marine products, and other frozen food products to supermarket chains, fast food chains, Chinese restaurants, western restaurants, hotels, airlines, catering distributors, and frozen meat retailers in the wet market.

Hong Kong Food Investment Holdings Fundamentals Summary

How do Hong Kong Food Investment Holdings's earnings and revenue compare to its market cap?
60 fundamental statistics
Market CapHK$176.52m
Earnings (TTM)-HK$4.16m
Revenue (TTM)HK$131.12m

1.3x

P/S Ratio

-42.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
60 income statement (TTM)
RevenueHK$131.12m
Cost of RevenueHK$115.11m
Gross ProfitHK$16.01m
ExpensesHK$20.17m
Earnings-HK$4.16m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.016
Gross Margin12.21%
Net Profit Margin-3.17%
Debt/Equity Ratio3.4%

How did 60 perform over the long term?

See historical performance and comparison

Valuation

Is Hong Kong Food Investment Holdings undervalued compared to its fair value and its price relative to the market?

0.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 60's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 60's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 60 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Consumer Retailing industry average.

PE vs Market: 60 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 60's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 60 is good value based on its PB Ratio (0.3x) compared to the HK Consumer Retailing industry average (0.9x).


Future Growth

How is Hong Kong Food Investment Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.3%

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 Hong Kong Food Investment 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.


Past Performance

How has Hong Kong Food Investment Holdings performed over the past 5 years?

-2.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 60 is currently unprofitable.

Growing Profit Margin: 60 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 60 is unprofitable, and losses have increased over the past 5 years at a rate of 2.9% per year.

Accelerating Growth: Unable to compare 60's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 60 is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (12.8%).


Return on Equity

High ROE: 60 has a negative Return on Equity (-0.6%), as it is currently unprofitable.


Financial Health

How is Hong Kong Food Investment Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 60's short term assets (HK$195.5M) exceed its short term liabilities (HK$45.6M).

Long Term Liabilities: 60's short term assets (HK$195.5M) exceed its long term liabilities (HK$13.6M).


Debt to Equity History and Analysis

Debt Level: 60's debt to equity ratio (3.4%) is considered satisfactory.

Reducing Debt: 60's debt to equity ratio has reduced from 35.7% to 3.4% over the past 5 years.

Debt Coverage: 60's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 60's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Hong Kong Food Investment Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 60's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 60'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 60's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 60's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 60 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 60'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?

23.8yrs

Average board tenure


CEO

Ellis Man (65 yo)

10.67yrs

Tenure

HK$1,405,000

Compensation

Mr. Wing Cheung Man, also known as Ellis, has been the Managing Director of Hong Kong Food Investment Holdings Ltd. since February 24, 2011. Mr. Man serves as Finance Director of Four Seas Mercantile Holdi...


CEO Compensation Analysis

Compensation vs Market: Ellis's total compensation ($USD180.72K) is about average for companies of similar size in the Hong Kong market ($USD228.12K).

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


Board Members

Experienced Board: 60's board of directors are seasoned and experienced ( 23.8 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

Hong Kong Food Investment Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Hong Kong Food Investment Holdings Limited
  • Ticker: 60
  • Exchange: SEHK
  • Founded: 1991
  • Industry: Food Distributors
  • Sector: Consumer Retailing
  • Market Cap: HK$176.518m
  • Shares outstanding: 259.59m
  • Website: https://www.hongkongfoodinvestment.com.hk

Number of Employees


Location

  • Hong Kong Food Investment Holdings Limited
  • 2905-07, Manhattan Place
  • 29th Floor
  • Kowloon Bay
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:03
End of Day Share Price2021/10/21 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.