Nayuki Holdings (SEHK:2150) - Share price, News & Analysis

2150 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	5/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

2150 Stock Overview

Nayuki Holdings Limited, an investment holding company, operates a chain of teahouses in China.

Rewards

Trading at 82.4% below our estimate of its fair value

Earnings are forecast to grow 67.57% per year

Revenue grew by 40.5% over the past year

Risk Analysis

Volatile share price over the past 3 months

Nayuki Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Nayuki Holdings
Historical stock prices
Current Share Price	HK$6.92
52 Week High	HK$18.98
52 Week Low	HK$3.65
Beta	0
1 Month Change	33.59%
3 Month Change	42.39%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-59.58%

Recent News & Updates

Apr 01

Earnings Update: Nayuki Holdings Limited (HKG:2150) Just Reported And Analysts Are Trimming Their Forecasts

As you might know, Nayuki Holdings Limited ( HKG:2150 ) last week released its latest full-year, and things did not...

Shareholder Returns

	2150	HK Hospitality	HK Market
7D	9.0%	2.8%	2.1%
1Y	n/a	-39.2%	-23.3%

Return vs Industry: Insufficient data to determine how 2150 performed against the Hong Kong Hospitality industry.

Return vs Market: Insufficient data to determine how 2150 performed against the Hong Kong Market.

Price Volatility

Is 2150's price volatile compared to industry and market?
2150 volatility
2150 Average Weekly Movement	10.0%
Hospitality Industry Average Movement	7.8%
Market Average Movement	7.0%
10% most volatile stocks in HK Market	13.8%
10% least volatile stocks in HK Market	3.3%

Stable Share Price: 2150 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 2150's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

Founded	Employees	CEO	Website
2014	10,671	Lin Zhao	https://www.naixuecha.com

Nayuki Holdings Limited, an investment holding company, operates a chain of teahouses in China. The company operates teahouses under the flagship brand Nayuki that offers a range of tea drinks and handcrafted baked goods, as well as sub-brand Tai Gai. As of December 31, 2021, it operated 817 Nayuki teahouses covering 80 cities across Mainland China.

Nayuki Holdings Fundamentals Summary

How do Nayuki Holdings's earnings and revenue compare to its market cap?
2150 fundamental statistics
Market Cap	CN¥10.11b
Earnings (TTM)	-CN¥4.52b
Revenue (TTM)	CN¥4.30b

2.4x

P/S Ratio

-2.2x

P/E Ratio

Is 2150 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
2150 income statement (TTM)
Revenue	CN¥4.30b
Cost of Revenue	CN¥3.15b
Gross Profit	CN¥1.15b
Other Expenses	CN¥5.67b
Earnings	-CN¥4.52b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-2.64
Gross Margin	26.70%
Net Profit Margin	-105.30%
Debt/Equity Ratio	0.008%

How did 2150 perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is 2150 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-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2150?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 2150. This is calculated by dividing 2150's market cap by their current preferred multiple.
What is 2150's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	CN¥10.11b

2150 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/Revenue	1.7x
Enterprise Value/EBITDA	53x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 2150's PS Ratio compare to its peers?

2150 PS Ratio vs Peers

The above table shows the PS ratio for 2150 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	3.8x

Forward PS

Price-To-Sales vs Peers: 2150 is good value based on its Price-To-Sales Ratio (2.4x) compared to the peer average (3.8x).

Price to Earnings Ratio vs Industry

How does 2150's PE Ratio compare vs other companies in the Hong Kong Hospitality Industry?

Price-To-Sales vs Industry: 2150 is expensive based on its Price-To-Sales Ratio (2.4x) compared to the Hong Kong Hospitality industry average (1.7x)

Price to Sales Ratio vs Fair Ratio

What is 2150'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.

2150 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2.4x
Fair PS Ratio	2.7x

Price-To-Sales vs Fair Ratio: 2150 is good value based on its Price-To-Sales Ratio (2.4x) compared to the estimated Fair Price-To-Sales Ratio (2.7x).

Share Price vs Fair Value

What is the Fair Price of 2150 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2150 (HK$6.92) is trading below our estimate of fair value (HK$39.27)

Significantly Below Fair Value: 2150 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2150's PEG Ratio to determine if it is good value.

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Future Growth

How is Nayuki Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

67.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2150 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: 2150 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 2150 is expected to become profitable in the next 3 years.

Revenue vs Market: 2150's revenue (27.7% per year) is forecast to grow faster than the Hong Kong market (10.2% per year).

High Growth Revenue: 2150's revenue (27.7% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 2150's Return on Equity is forecast to be low in 3 years time (10.7%).

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Past Performance

How has Nayuki Holdings 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

-2,141.3%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: 2150 is currently unprofitable.

Growing Profit Margin: 2150 is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if 2150's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare 2150's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2150 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (18.5%).

Return on Equity

High ROE: 2150 has a negative Return on Equity (-91.55%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Nayuki Holdings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: 2150's short term assets (CN¥4.7B) exceed its short term liabilities (CN¥1.3B).

Long Term Liabilities: 2150's short term assets (CN¥4.7B) exceed its long term liabilities (CN¥1.1B).

Debt to Equity History and Analysis

Debt Level: 2150 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 2150's debt to equity ratio has reduced 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: 2150 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 2150 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

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Dividend

What is Nayuki Holdings's 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
Future Dividend Coverage

0.17%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2150's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2150'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 2150's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2150's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 2150 has not reported any payouts.

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Management

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

1.3yrs

Average management tenure

CEO

Lin Zhao (42 yo)

1.33yrs

Tenure

CN¥5,532,000

Compensation

Mr. Lin Zhao serves as Chairman of the Board, Chief Executive Officer and Executive Director at Nayuki Holdings Ltd. since February 5, 2021 and served as its Director from June 9, 2020 to February 5, 2021...

CEO Compensation Analysis

Compensation vs Market: Lin's total compensation ($USD826.99K) is above average for companies of similar size in the Hong Kong market ($USD590.64K).

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

Leadership Team

Experienced Management: 2150's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Experienced Board: 2150's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.

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.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: 2150 only recently listed within the past 12 months.

Data	Last Updated (UTC time)
Company Analysis	2022/06/25 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31