company background image
677

Golden Resources Development InternationalSEHK:677 Stock Report

Market Cap

HK$967.5m

7D

0%

1Y

3.6%

Updated

18 Oct, 2021

Data

Company Financials
677 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends2/6

677 Overview

Golden Resources Development International Limited, an investment holding company, engages in the sourcing, importing, wholesaling, processing, packaging, marketing, and distributing of rice in Hong Kong, Vietnam, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Golden Resources Development International
Historical stock prices
Current Share PriceHK$0.57
52 Week HighHK$0.52
52 Week LowHK$0.73
Beta0.31
1 Month Change-3.39%
3 Month Change1.79%
1 Year Change3.64%
3 Year Change23.91%
5 Year Change22.58%
Change since IPO-41.84%

Recent News & Updates

Aug 23
Here's Why Shareholders May Want To Be Cautious With Increasing Golden Resources Development International Limited's (HKG:677) CEO Pay Packet

Here's Why Shareholders May Want To Be Cautious With Increasing Golden Resources Development International Limited's (HKG:677) CEO Pay Packet

The share price of Golden Resources Development International Limited ( HKG:677 ) has increased significantly over the...

Shareholder Returns

677HK Consumer RetailingHK Market
7D0%0.9%1.1%
1Y3.6%-42.2%5.3%

Return vs Industry: 677 exceeded the Hong Kong Consumer Retailing industry which returned -42.2% over the past year.

Return vs Market: 677 underperformed the Hong Kong Market which returned 5.3% over the past year.

Price Volatility

Is 677's price volatile compared to industry and market?
677 volatility
677 Beta0.31
Industry Beta0.87
Market Beta1

Stable Share Price: 677 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 677's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19463,730Anthony Lamhttps://www.grdil.com

Golden Resources Development International Limited, an investment holding company, engages in the sourcing, importing, wholesaling, processing, packaging, marketing, and distributing of rice in Hong Kong, Vietnam, and internationally. The company operates through five divisions: Rice Operation, Convenience Store Operation, Securities Investment, Property Investment, and Corporate and Others. It is also involved in the operation of convenience stores; investment in equity and debt securities; and property investment, holding, and development activities.

Golden Resources Development International Fundamentals Summary

How do Golden Resources Development International's earnings and revenue compare to its market cap?
677 fundamental statistics
Market CapHK$967.52m
Earnings (TTM)HK$40.21m
Revenue (TTM)HK$1.61b

24.1x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
677 income statement (TTM)
RevenueHK$1.61b
Cost of RevenueHK$1.01b
Gross ProfitHK$599.75m
ExpensesHK$559.54m
EarningsHK$40.21m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.024
Gross Margin37.15%
Net Profit Margin2.49%
Debt/Equity Ratio0%

How did 677 perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

96%

Payout Ratio

Valuation

Is Golden Resources Development International 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: 677 (HK$0.57) is trading below our estimate of fair value (HK$7.37)

Significantly Below Fair Value: 677 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 677 is poor value based on its PE Ratio (24.1x) compared to the Hong Kong Consumer Retailing industry average (14.4x).

PE vs Market: 677 is poor value based on its PE Ratio (24.1x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 677's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 677 is good value based on its PB Ratio (0.8x) compared to the HK Consumer Retailing industry average (0.9x).


Future Growth

How is Golden Resources Development International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.0%

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 Golden Resources Development International 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 Golden Resources Development International performed over the past 5 years?

-10.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 677 has a large one-off gain of HK$22.5M impacting its March 31 2021 financial results.

Growing Profit Margin: 677 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 677 has become profitable over the past 5 years, growing earnings by -10.2% per year.

Accelerating Growth: 677 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 677 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Retailing industry (12.8%).


Return on Equity

High ROE: 677's Return on Equity (3.4%) is considered low.


Financial Health

How is Golden Resources Development International's financial position?


Financial Position Analysis

Short Term Liabilities: 677's short term assets (HK$904.8M) exceed its short term liabilities (HK$312.3M).

Long Term Liabilities: 677's short term assets (HK$904.8M) exceed its long term liabilities (HK$192.3M).


Debt to Equity History and Analysis

Debt Level: 677 is debt free.

Reducing Debt: 677 has no debt compared to 5 years ago when its debt to equity ratio was 0.6%.

Debt Coverage: 677 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 677 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Golden Resources Development International current dividend yield, its reliability and sustainability?

4.04%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 677's dividend (4.04%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 677's dividend (4.04%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).


Stability and Growth of Payments

Stable Dividend: 677's dividends per share have been stable in the past 10 years.

Growing Dividend: 677's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (95.8%), 677'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?

5.7yrs

Average board tenure


CEO

Anthony Lam (54 yo)

8.08yrs

Tenure

HK$4,316,000

Compensation

Mr. Lam Sai Ho, also known as Anthony, has been the Chief Executive Officer of Golden Resources Development International Limited since October 9, 2017. Mr. Lam served as Managing Director of Golden Resour...


CEO Compensation Analysis

Compensation vs Market: Anthony's total compensation ($USD554.87K) is above average for companies of similar size in the Hong Kong market ($USD230.47K).

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


Board Members

Experienced Board: 677's board of directors are considered experienced (5.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: 677 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Golden Resources Development International Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Golden Resources Development International Limited
  • Ticker: 677
  • Exchange: SEHK
  • Founded: 1946
  • Industry: Food Distributors
  • Sector: Consumer Retailing
  • Market Cap: HK$967.522m
  • Shares outstanding: 1.70b
  • Website: https://www.grdil.com

Number of Employees


Location

  • Golden Resources Development International Limited
  • Golden Resources Centre
  • 11th Floor
  • Tsing Yi
  • New Territories
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:11
End of Day Share Price2021/10/18 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.