SEHK:1939

Stock Analysis Report

Tokyo Chuo Auction Holdings

Executive Summary

Tokyo Chuo Auction Holdings Limited, an investment holding company, provides auction and related services, and artwork sales services in Hong Kong and Japan.

Snowflake

Fundamentals

Adequate balance sheet with limited growth.

Risks

  • Tokyo Chuo Auction Holdings has significant price volatility in the past 3 months.
  • Tokyo Chuo Auction Holdings is not covered by any analysts.

Share Price & News

How has Tokyo Chuo Auction Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.7%

SEHK:1939

2.3%

HK Consumer Services

0.6%

HK Market


1 Year Return

n/a

SEHK:1939

-30.5%

HK Consumer Services

-5.9%

HK Market

No trading data on 1939.

No trading data on 1939.


Share holder returns

1939IndustryMarket
7 Day-2.7%2.3%0.6%
30 Day-15.4%6.5%3.7%
90 Day-4.3%-10.1%-8.2%
1 Yearn/a-29.1%-30.5%-2.6%-5.9%
3 Yearn/a8.5%3.0%30.0%17.2%
5 Yearn/a7.5%-1.2%25.9%4.8%

Price Volatility Vs. Market

How volatile is Tokyo Chuo Auction Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tokyo Chuo Auction Holdings undervalued based on future cash flows and its price relative to the stock market?

55.25x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Tokyo Chuo Auction Holdings to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Tokyo Chuo Auction Holdings to establish if it is available at substantial discount.


Price Based on Earnings

Tokyo Chuo Auction Holdings is overvalued based on earnings compared to the HK Consumer Services industry average.

Tokyo Chuo Auction Holdings is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Tokyo Chuo Auction Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

Tokyo Chuo Auction Holdings is good value based on assets compared to the HK Consumer Services industry average.


Next Steps

Future Growth

How is Tokyo Chuo Auction Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Tokyo Chuo Auction Holdings is high growth as no revenue estimate data is available.

Tokyo Chuo Auction Holdings's earnings are expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).

Unable to compare Tokyo Chuo Auction Holdings's revenue growth to the Hong Kong market average as no estimate data is available.

Tokyo Chuo Auction Holdings's earnings growth is expected to exceed the Hong Kong market average.

Tokyo Chuo Auction Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Tokyo Chuo Auction Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Tokyo Chuo Auction Holdings performed over the past 5 years?

-80.4%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Insufficient data to establish if Tokyo Chuo Auction Holdings's year on year earnings growth rate was positive over the past 5 years.

Tokyo Chuo Auction Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Tokyo Chuo Auction Holdings's 1-year earnings growth is negative, it can't be compared to the HK Consumer Services industry average.


Return on Equity

Tokyo Chuo Auction Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Tokyo Chuo Auction Holdings used its assets less efficiently than the HK Consumer Services industry average last year based on Return on Assets.


Return on Capital Employed

Tokyo Chuo Auction Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Tokyo Chuo Auction Holdings's financial position?


Financial Position Analysis

Tokyo Chuo Auction Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Tokyo Chuo Auction Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Tokyo Chuo Auction Holdings's level of debt (12.5%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Tokyo Chuo Auction Holdings's debt level has increased without past 5-year debt data.

Operating cash flow is negative therefore debt is not well covered.

Tokyo Chuo Auction Holdings earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 14.8x debt.


Next Steps

Dividend

What is Tokyo Chuo Auction Holdings's current dividend yield, its reliability and sustainability?

1.82%

Current Dividend Yield


Dividend Yield and Payments Analysis

Tokyo Chuo Auction Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).

Tokyo Chuo Auction Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.74%).

It is too early to tell whether Tokyo Chuo Auction Holdings has stable dividend payments.

Tokyo Chuo Auction Holdings only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Tokyo Chuo Auction Holdings's salary, the management and board of directors tenure and is there insider trading?

1.2yrs

Average board tenure


CEO

Tokyo Chuo Auction Holdings has no CEO, or we have no data on them.


Board Age and Tenure

1.2yrs

Average Tenure

50yo

Average Age

The average tenure for the Tokyo Chuo Auction Holdings board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month individual insider trading information.


Ownership Breakdown


Management Team

  • Chung Hang Yau (46yo)

    CFO, Company Secretary & Executive Director

  • Katsu Bunkai (49yo)

    COO & Executive Director

  • Sun Hongyue (54yo)

    Executive Director


Board Members

  • Shirley Lam (52yo)

    Independent Non-Executive Director

    • Tenure: 0.8yrs
  • Chi Chun (59yo)

    Independent Non-Executive Director

    • Tenure: 0.8yrs
  • Yi Chung Yang (50yo)

    Non-Executive Director

    • Tenure: 1.2yrs
  • Katsu Bunkai (49yo)

    COO & Executive Director

    • Tenure: 1.2yrs
  • John Chung (50yo)

    Independent Non-Executive Director

    • Tenure: 0.8yrs
  • Chung Hang Yau (46yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 1.2yrs
  • Sun Hongyue (54yo)

    Executive Director

    • Tenure: 1.2yrs
  • Ando Eri (41yo)

    Vice Chairlady of the Board

  • Ando Shokei (51yo)

    Chairman of Board

    • Compensation: HK$6.45m

Company Information

Tokyo Chuo Auction Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tokyo Chuo Auction Holdings Limited
  • Ticker: 1939
  • Exchange: SEHK
  • Founded: 2013
  • Industry: specialized consumer services
  • Sector: consumer services
  • Market Cap: HK$530.000m
  • Shares outstanding: 500.00m
  • Website: Click here

Number of Employees


Location

  • Tokyo Chuo Auction Holdings Limited
  • Room 2601, Wing On Centre
  • 26 Floor
  • Tokyo
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1939SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2018

Biography

Tokyo Chuo Auction Holdings Limited, an investment holding company, provides auction and related services, and artwork sales services in Hong Kong and Japan. It is also involved in promotion and related ac ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company AnalysisN/A
End of Day Share Price2019/07/16 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.