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6811

Tai Hing Group Holdings SEHK:6811 Stock Report

Last Price

HK$1.11

Market Cap

HK$1.1b

7D

-0.9%

1Y

-48.8%

Updated

21 Jun, 2022

Data

Company Financials
6811 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends3/6

6811 Stock Overview

Tai Hing Group Holdings Limited, an investment holding company, operates and manages restaurants.

Tai Hing Group Holdings Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Tai Hing Group Holdings
Historical stock prices
Current Share PriceHK$1.11
52 Week HighHK$2.24
52 Week LowHK$0.96
Beta1.24
1 Month Change-4.31%
3 Month Change-5.13%
1 Year Change-48.85%
3 Year Change-59.64%
5 Year Changen/a
Change since IPO-57.96%

Recent News & Updates

May 26
Tai Hing Group Holdings' (HKG:6811) Shareholders Will Receive A Smaller Dividend Than Last Year

Tai Hing Group Holdings' (HKG:6811) Shareholders Will Receive A Smaller Dividend Than Last Year

Tai Hing Group Holdings Limited ( HKG:6811 ) has announced it will be reducing its dividend payable on the 23rd of June...

May 12
Tai Hing Group Holdings' (HKG:6811) Dividend Will Be Reduced To HK$0.05

Tai Hing Group Holdings' (HKG:6811) Dividend Will Be Reduced To HK$0.05

Tai Hing Group Holdings Limited ( HKG:6811 ) is reducing its dividend to HK$0.05 on the 23rd of June. However, the...

Apr 28
Tai Hing Group Holdings (HKG:6811) Is Reducing Its Dividend To HK$0.05

Tai Hing Group Holdings (HKG:6811) Is Reducing Its Dividend To HK$0.05

Tai Hing Group Holdings Limited ( HKG:6811 ) has announced it will be reducing its dividend payable on the 23rd of June...

Shareholder Returns

6811HK HospitalityHK Market
7D-0.9%0.5%0.8%
1Y-48.8%-41.0%-21.5%

Return vs Industry: 6811 underperformed the Hong Kong Hospitality industry which returned -41% over the past year.

Return vs Market: 6811 underperformed the Hong Kong Market which returned -21.5% over the past year.

Price Volatility

Is 6811's price volatile compared to industry and market?
6811 volatility
6811 Average Weekly Movement6.1%
Hospitality Industry Average Movement7.7%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.7%
10% least volatile stocks in HK Market3.4%

Stable Share Price: 6811 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 6811's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19896,700n/ahttps://www.taihing.com

Tai Hing Group Holdings Limited, an investment holding company, operates and manages restaurants. It operates a network of 217 restaurants in Hong Kong, Mainland China, Macau, and Taiwan under the Tai Hing, TeaWood, Trusty Congee King, Men Wah Bing Teng, Ph? L?, Tokyo Tsukiji, Fisher & Farmer, Rice Rule, Hot Pot Couple, King Fong Bing Teng, Asam Chicken Rice, Dao Cheng, Winter Joy, White Little, and Dimpot brands.

Tai Hing Group Holdings Fundamentals Summary

How do Tai Hing Group Holdings's earnings and revenue compare to its market cap?
6811 fundamental statistics
Market CapHK$1.11b
Earnings (TTM)HK$99.72m
Revenue (TTM)HK$3.17b

11.2x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6811 income statement (TTM)
RevenueHK$3.17b
Cost of RevenueHK$896.75m
Gross ProfitHK$2.28b
Other ExpensesHK$2.18b
EarningsHK$99.72m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.099
Gross Margin71.74%
Net Profit Margin3.14%
Debt/Equity Ratio0%

How did 6811 perform over the long term?

See historical performance and comparison

Dividends

6.7%

Current Dividend Yield

75%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 6811 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

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 6811?

Other financial metrics that can be useful for relative valuation.

6811 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/Revenue0.6x
Enterprise Value/EBITDA5.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 6811's PE Ratio compare to its peers?

6811 PE Ratio vs Peers
The above table shows the PE ratio for 6811 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.9x

Price-To-Earnings vs Peers: 6811 is good value based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (18.9x).


Price to Earnings Ratio vs Industry

How does 6811's PE Ratio compare vs other companies in the Hong Kong Hospitality Industry?

Price-To-Earnings vs Industry: 6811 is good value based on its Price-To-Earnings Ratio (11.2x) compared to the Hong Kong Hospitality industry average (20.9x)


Price to Earnings Ratio vs Fair Ratio

What is 6811'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.

6811 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 6811's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 6811 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6811 (HK$1.11) is trading below our estimate of fair value (HK$6.66)

Significantly Below Fair Value: 6811 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6811's PEG Ratio to determine if it is good value.


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Future Growth

How is Tai Hing Group Holdings 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


56.1%

Forecasted Consumer Services 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 Tai Hing Group 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.


Discover growth companies

  • Examine whether Tai Hing Group Holdings 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.
  • Tai Hing Group Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Tai Hing Group Holdings performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-10.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6811 has high quality earnings.

Growing Profit Margin: 6811's current net profit margins (3.1%) are lower than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: 6811's earnings have declined by 10.8% per year over the past 5 years.

Accelerating Growth: 6811's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6811 had negative earnings growth (-16.2%) over the past year, making it difficult to compare to the Hospitality industry average (18.5%).


Return on Equity

High ROE: 6811's Return on Equity (8.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Tai Hing Group Holdings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6811's short term assets (HK$735.8M) do not cover its short term liabilities (HK$852.5M).

Long Term Liabilities: 6811's short term assets (HK$735.8M) do not cover its long term liabilities (HK$791.1M).


Debt to Equity History and Analysis

Debt Level: 6811 is debt free.

Reducing Debt: 6811 has no debt compared to 5 years ago when its debt to equity ratio was 103%.

Debt Coverage: 6811 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 6811 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Tai Hing Group Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.71%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 6811's dividend (6.71%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.77%).

High Dividend: 6811's dividend (6.71%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.82%).


Stability and Growth of Payments

Stable Dividend: 6811 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6811's dividend payments have increased, but the company has only paid a dividend for 3 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (74.9%), 6811's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (13.3%), 6811's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

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

3.5yrs

Average board tenure


CEO

Tai Hing Group Holdings has no CEO, or we have no data on them.


Board Members

Experienced Board: 6811's board of directors are considered experienced (3.5 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Tai Hing Group Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Tai Hing Group Holdings Limited
  • Ticker: 6811
  • Exchange: SEHK
  • Founded: 1989
  • Industry: Restaurants
  • Sector: Consumer Services
  • Implied Market Cap: HK$1.114b
  • Shares outstanding: 1.00b
  • Website: https://www.taihing.com

Number of Employees


Location

  • Tai Hing Group Holdings Limited
  • Chinachem Exchange Square
  • 13th Floor
  • Quarry Bay
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/21 00:00
End of Day Share Price2022/06/21 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.