SEHK:8029

Stock Analysis Report

Executive Summary

Sun International Group Limited, an investment holding company, engages in equine services, securities services, and money lending businesses in Hong Kong, Australia, Europe, and Singapore.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Sun International Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8029's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

10.5%

8029

-1.2%

HK Consumer Services

-3.2%

HK Market


1 Year Return

8.6%

8029

-3.5%

HK Consumer Services

-10.2%

HK Market

Return vs Industry: 8029 exceeded the Hong Kong Consumer Services industry which returned -3.5% over the past year.

Return vs Market: 8029 exceeded the Hong Kong Market which returned -10.2% over the past year.


Shareholder returns

8029IndustryMarket
7 Day10.5%-1.2%-3.2%
30 Day10.5%3.1%-3.3%
90 Day10.5%8.4%0.2%
1 Year8.6%8.6%-1.4%-3.5%-6.9%-10.2%
3 Year-71.9%-71.9%-8.7%-13.4%11.7%0.4%
5 Year-40.0%-40.0%28.2%17.9%11.1%-7.3%

Price Volatility Vs. Market

How volatile is Sun International Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sun International Group undervalued compared to its fair value and its price relative to the market?

7.8x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 8029's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 8029's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8029 is unprofitable, so we can't compare its PE Ratio to the Consumer Services industry average.

PE vs Market: 8029 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8029's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8029 is overvalued based on its PB Ratio (7.8x) compared to the HK Consumer Services industry average (2x).


Next Steps

Future Growth

How is Sun International Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.6%

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 Sun International Group 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.


Next Steps

Past Performance

How has Sun International Group performed over the past 5 years?

31.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8029 is currently unprofitable.

Growing Profit Margin: 8029 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 8029 is unprofitable, but has reduced losses over the past 5 years at a rate of 31.8% per year.

Accelerating Growth: Unable to compare 8029's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8029 is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Services industry (15.4%).


Return on Equity

High ROE: 8029 has a negative Return on Equity (-35.28%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Sun International Group's financial position?


Financial Position Analysis

Short Term Liabilities: 8029's short term assets (HK$403.1M) exceed its short term liabilities (HK$220.2M).

Long Term Liabilities: 8029's short term assets (HK$403.1M) exceed its long term liabilities (HK$218.4M).


Debt to Equity History and Analysis

Debt Level: 8029's debt to equity ratio (275.4%) is considered high.

Reducing Debt: 8029's debt to equity ratio has increased from 108.6% to 275.4% over the past 5 years.


Balance Sheet

Inventory Level: 8029 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 8029's debt is covered by short term assets (assets are 1.7x debt).


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: 8029 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: 8029 has sufficient cash runway for 2.6 years if free cash flow continues to grow at historical rates of 44.4% each year.


Next Steps

Dividend

What is Sun International Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%6.4%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 8029's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 8029's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 8029's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8029's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 8029 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8029's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Man Wah Lui (36yo)

6.5yrs

Tenure

HK$1,578,000

Compensation

Mr. Man Wah Lui serves as Non-Executive Director of Winto Group (Holdings) Limited since October 16, 2019 and its Chairman since November 6, 2019. Mr. Lui has been the Chief Executive Officer and Executive ...


CEO Compensation Analysis

Compensation vs Market: Man Wah's total compensation ($USD202.43K) is about average for companies of similar size in the Hong Kong market ($USD226.90K).

Compensation vs Earnings: Man Wah's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Ting Kong Cheng
Executive Chairman6.6yrsHK$448.00kno data
Man Wah Lui
CEO & Executive Director6.5yrsHK$1.58mno data
Mei Ching Cheng
Compliance Officer & Executive Director11.7yrsHK$1.74mno data
Man Wah Yeung
Company Secretary0.6yrsno datano data

3.5yrs

Average Tenure

37yo

Average Age

Experienced Management: 8029's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ting Kong Cheng
Executive Chairman6.6yrsHK$448.00kno data
Man Wah Lui
CEO & Executive Director6.5yrsHK$1.58mno data
Mei Ching Cheng
Compliance Officer & Executive Director11.7yrsHK$1.74mno data
Tin Lup Chan
Independent Non Executive Director8.9yrsHK$120.00kno data
Kin Chuen Tou
Independent Non-Executive Director8.9yrsHK$120.00kno data
Ka Shun Jim
Independent Non-Executive Director3.4yrsHK$120.00kno data

7.8yrs

Average Tenure

39.5yo

Average Age

Experienced Board: 8029's board of directors are considered experienced (7.8 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 been diluted in the past year, with total shares outstanding growing by 42.1%.


Top Shareholders

Company Information

Sun International Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sun International Group Limited
  • Ticker: 8029
  • Exchange: SEHK
  • Founded: 2000
  • Industry: Specialized Consumer Services
  • Sector: Consumer Services
  • Market Cap: HK$684.096m
  • Shares outstanding: 2.17b
  • Website: https://www.sun8029.com

Number of Employees


Location

  • Sun International Group Limited
  • China Merchants Tower
  • Unit 2414-2418, 24th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8029SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2000
ZSUEBST (Boerse-Stuttgart)YesOrdinary SharesDEEURDec 2000

Biography

Sun International Group Limited, an investment holding company, engages in equine services, securities services, and money lending businesses in Hong Kong, Australia, Europe, and Singapore. It operates through Financial Services and Equine Services segments. The company offers securities trading, margin financing, and futures and options brokerage services; financial intermediary services for facilitating capital investment entrant scheme applications; investment management services for individual and corporate clients, including managed accounts, hedge funds, private funds, dedicated funds, investment advisory services, etc.; personal and SME loans, home mortgages, equity financing, equity mortgage, and corporate finance services; and custodian services. It also provides stallion services; and trades in and breeds bloodstocks. In addition, the company invests in yachts and properties. The company was formerly known as Sun International Resources Limited and changed its name to Sun International Group Limited in December 2017. The company was incorporated in 2000 and is headquartered in Central, Hong Kong. Sun International Group Limited is a subsidiary of First Cheer Holdings Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 12:41
End of Day Share Price2020/02/24 00:00
Earnings2019/12/31
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.