company background image
8476

Ocean One Holding SEHK:8476 Stock Report

Last Price

HK$0.79

Market Cap

HK$221.2m

7D

0%

1Y

-1.3%

Updated

12 Aug, 2022

Data

Company Financials
8476 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends3/6

8476 Stock Overview

Ocean One Holding Ltd., an investment holding company, engages in importing and wholesaling of frozen seafood products in Hong Kong, Macau, Mainland China, Taiwan, and Japan.

Ocean One Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ocean One Holding
Historical stock prices
Current Share PriceHK$0.79
52 Week HighHK$0.95
52 Week LowHK$0.59
Beta0.14
1 Month Change1.28%
3 Month Change17.91%
1 Year Change-1.25%
3 Year Change8.22%
5 Year Changen/a
Change since IPO-35.77%

Recent News & Updates

Jul 14
Ocean One Holding (HKG:8476) Is Paying Out A Larger Dividend Than Last Year

Ocean One Holding (HKG:8476) Is Paying Out A Larger Dividend Than Last Year

Ocean One Holding Ltd. ( HKG:8476 ) will increase its dividend on the 9th of September to HK$0.033, which is 32% higher...

Jun 26
Ocean One Holding's (HKG:8476) Upcoming Dividend Will Be Larger Than Last Year's

Ocean One Holding's (HKG:8476) Upcoming Dividend Will Be Larger Than Last Year's

The board of Ocean One Holding Ltd. ( HKG:8476 ) has announced that it will be increasing its dividend by 32% on the...

Shareholder Returns

8476HK Consumer RetailingHK Market
7D0%-1.9%0.3%
1Y-1.3%-45.9%-21.6%

Return vs Industry: 8476 exceeded the Hong Kong Consumer Retailing industry which returned -45.8% over the past year.

Return vs Market: 8476 exceeded the Hong Kong Market which returned -22% over the past year.

Price Volatility

Is 8476's price volatile compared to industry and market?
8476 volatility
8476 Average Weekly Movement4.1%
Consumer Retailing Industry Average Movement6.3%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.6%
10% least volatile stocks in HK Market3.2%

Stable Share Price: 8476 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 8476's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200219Tsan Fong Chan Chanhttps://oceanoneholding.com

Ocean One Holding Ltd., an investment holding company, engages in importing and wholesaling of frozen seafood products in Hong Kong, Macau, Mainland China, Taiwan, and Japan. It offers frozen seafood products in various categories, such as prawns; scallops, oysters, and surf clams; fishes; crabs and roe; octopuses and cuttlefishes; processed seafood products; and miscellaneous products. The company is also involved in the property holding business.

Ocean One Holding Fundamentals Summary

How do Ocean One Holding's earnings and revenue compare to its market cap?
8476 fundamental statistics
Market CapHK$221.20m
Earnings (TTM)HK$43.89m
Revenue (TTM)HK$434.58m

5.0x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8476 income statement (TTM)
RevenueHK$434.58m
Cost of RevenueHK$363.19m
Gross ProfitHK$71.39m
Other ExpensesHK$27.50m
EarningsHK$43.89m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.16
Gross Margin16.43%
Net Profit Margin10.10%
Debt/Equity Ratio0.5%

How did 8476 perform over the long term?

See historical performance and comparison

Dividends

4.2%

Current Dividend Yield

21%

Payout Ratio

Does 8476 pay a reliable dividends?

See 8476 dividend history and benchmarks
When do you need to buy 8476 by to receive an upcoming dividend?
Ocean One Holding dividend dates
Ex Dividend DateAug 23 2022
Dividend Pay DateSep 09 2022
Days until Ex dividend10 days
Days until Dividend pay date27 days

Does 8476 pay a reliable dividends?

See 8476 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 8476 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 8476?

Other financial metrics that can be useful for relative valuation.

8476 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/Revenue0.4x
Enterprise Value/EBITDA3.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 8476's PE Ratio compare to its peers?

8476 PE Ratio vs Peers
The above table shows the PE ratio for 8476 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average66.6x
1936 Ritamix Global
16.3xn/aHK$339.8m
1705 B & S International Holdings
201.3xn/aHK$120.0m
1587 Shineroad International Holdings
6.1xn/aHK$476.0m
677 Golden Resources Development International
42.7xn/aHK$797.8m
8476 Ocean One Holding
5xn/aHK$221.2m

Price-To-Earnings vs Peers: 8476 is good value based on its Price-To-Earnings Ratio (5x) compared to the peer average (66.6x).


Price to Earnings Ratio vs Industry

How does 8476's PE Ratio compare vs other companies in the Asian Consumer Retailing Industry?

Price-To-Earnings vs Industry: 8476 is good value based on its Price-To-Earnings Ratio (5x) compared to the Hong Kong Consumer Retailing industry average (12x)


Price to Earnings Ratio vs Fair Ratio

What is 8476's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

8476 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 8476's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 8476 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 8476 (HK$0.79) is trading below our estimate of fair value (HK$2.37)

Significantly Below Fair Value: 8476 is trading below fair value by more than 20%.


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 Ocean One Holding 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 Ocean One Holding 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 whether Ocean One Holding is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Ocean One Holding competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Ocean One Holding performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


25.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 8476 has high quality earnings.

Growing Profit Margin: 8476's current net profit margins (10.1%) are higher than last year (8.7%).


Past Earnings Growth Analysis

Earnings Trend: 8476's earnings have grown significantly by 25.1% per year over the past 5 years.

Accelerating Growth: 8476's earnings growth over the past year (48.1%) exceeds its 5-year average (25.1% per year).

Earnings vs Industry: 8476 earnings growth over the past year (48.1%) exceeded the Consumer Retailing industry 22.5%.


Return on Equity

High ROE: 8476's Return on Equity (23%) is considered high.


Discover strong past performing companies

Financial Health

How is Ocean One Holding's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 8476's short term assets (HK$146.6M) exceed its short term liabilities (HK$16.0M).

Long Term Liabilities: 8476's short term assets (HK$146.6M) exceed its long term liabilities (HK$72.0K).


Debt to Equity History and Analysis

Debt Level: 8476 has more cash than its total debt.

Reducing Debt: 8476's debt to equity ratio has reduced from 256.9% to 0.5% over the past 5 years.

Debt Coverage: 8476's debt is well covered by operating cash flow (2597%).

Interest Coverage: 8476's interest payments on its debt are well covered by EBIT (1009.9x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Ocean One Holding current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.18%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 13 2022Ex Dividend DateAug 23 2022Dividend Pay DateSep 09 202217 days from Ex DividendBuy in the next 10 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 8476's dividend (4.18%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.87%).

High Dividend: 8476's dividend (4.18%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.25%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 8476 has been paying a dividend for less than 10 years.

Growing Dividend: 8476's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (21.1%), 8476's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (42.3%), 8476's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

5.5yrs

Average management tenure


CEO

Tsan Fong Chan Chan (50 yo)

5.33yrs

Tenure

HK$946,000

Compensation

Mr. Kin Fung Chan, also known as Tsan Fong Chan serves as Chairman and Chief Executive Officer of Ocean One Holding Ltd. and has been its Executive Director since April 2017. Mr. Chan is the Founder of Oce...


CEO Compensation Analysis

Compensation vs Market: Tsan Fong Chan's total compensation ($USD120.60K) is below average for companies of similar size in the Hong Kong market ($USD246.27K).

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


Leadership Team

Experienced Management: 8476's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: 8476's board of directors are considered experienced (4.9 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

Ocean One Holding Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Ocean One Holding Ltd.
  • Ticker: 8476
  • Exchange: SEHK
  • Founded: 2002
  • Industry: Food Distributors
  • Sector: Consumer Retailing
  • Implied Market Cap: HK$221.200m
  • Shares outstanding: 280.00m
  • Website: https://oceanoneholding.com

Number of Employees


Location

  • Ocean One Holding Ltd.
  • Goodwill Industrial Building
  • 5th Floor
  • Tsuen Wan
  • 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 Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.