SEHK:8160

Stock Analysis Report

Executive Summary

Goldway Education Group Limited, an investment holding company, provides tutoring services under the Logic Tutorial Centre name to primary and secondary school students in Hong Kong.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

8.3%

8160

1.1%

HK Consumer Services

0.3%

HK Market


1 Year Return

-78.7%

8160

1.4%

HK Consumer Services

1.3%

HK Market

Return vs Industry: 8160 underperformed the Hong Kong Consumer Services industry which returned 1.4% over the past year.

Return vs Market: 8160 underperformed the Hong Kong Market which returned 1.3% over the past year.


Shareholder returns

8160IndustryMarket
7 Day8.3%1.1%0.3%
30 Day7.4%4.9%0.5%
90 Day-41.4%4.6%-4.6%
1 Year-78.7%-78.7%3.4%1.4%4.9%1.3%
3 Yearn/a4.6%-0.8%15.3%3.7%
5 Yearn/a10.7%2.2%20.0%-0.006%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Goldway Education Group undervalued compared to its fair value and its price relative to the market?

1.49x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 8160's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 8160's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8160 is unprofitable, so we can't compare its PE Ratio to the Consumer Services industry average.

PE vs Market: 8160 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 8160's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8160 is good value based on its PB Ratio (1.5x) compared to the HK Consumer Services industry average (2x).


Next Steps

Future Growth

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

37.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8160 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 8160 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 8160 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if 8160's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 8160's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 8160's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Goldway Education Group performed over the past 5 years?

-58.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 8160 is unprofitable, and losses have increased over the past 5 years at a rate of -58.6% per year.

Accelerating Growth: Unable to compare 8160's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8160 is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Services industry (14.4%).


Return on Equity

High ROE: 8160 has a negative Return on Equity (-6.54%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 8160 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 8160 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Goldway Education Group's financial position?


Financial Position Analysis

Short Term Liabilities: 8160's short term assets (HK$45.9M) exceeds its short term liabilities (HK$3.6M)

Long Term Liabilities: 8160 has no long term liabilities


Debt to Equity History and Analysis

Debt Level: 8160 is debt free.

Reducing Debt: 8160 has no debt compared to 5 years ago when its debt to equity ratio was 2.6%.

Debt Coverage: 8160 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 8160 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 8160 has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 8160's debt is covered by short term assets.


Next Steps

Dividend

What is Goldway Education Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.2%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 8160's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 8160's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 8160's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8160's dividend payments have been increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8160's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of Goldway Education Group's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average board tenure


CEO

Lick Keung Cheung (40yo)

3.9yrs

Tenure

HK$558,000

Compensation

Mr. Lick Keung Cheung has been Chairman and Chief Executive Officer of Goldway Education Group Limited since November 26, 2015 and Executive Director since October 19, 2015. Mr. Cheung is responsible for f ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Lick Keung's total compensation is reasonable compared to companies of similar size in the Hong Kong market.

Compensation vs Earnings: Lick Keung's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

3.6yrs

Average Tenure

42yo

Average Age

Experienced Board: 8160's board of directors are considered experienced (3.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Lick Keung Cheung (40yo)

    Chairman & CEO

    • Tenure: 3.9yrs
    • Compensation: HK$558.00k
  • Karina Chan (40yo)

    Compliance Officer & Executive Director

    • Tenure: 3.9yrs
    • Compensation: HK$318.00k
  • Hiu San Tsang (37yo)

    CFO & Company Secretary

    • Tenure: 0yrs
  • Luk Sun Cheung (45yo)

    Chief Tutor

    • Tenure: 0yrs

Board Members

  • Terence Chan (52yo)

    Independent Non-Executive Director

    • Tenure: 2.9yrs
    • Compensation: HK$120.00k
  • Terence Tsang (56yo)

    Non-Executive Director

    • Tenure: 3.6yrs
    • Compensation: HK$120.00k
  • Lick Keung Cheung (40yo)

    Chairman & CEO

    • Tenure: 3.9yrs
    • Compensation: HK$558.00k
  • Karina Chan (40yo)

    Compliance Officer & Executive Director

    • Tenure: 3.9yrs
    • Compensation: HK$318.00k
  • Yi Ling Wong (51yo)

    Non-Executive Director

    • Tenure: 3.6yrs
    • Compensation: HK$120.00k
  • Leo Sek (42yo)

    Independent Non-Executive Director

    • Tenure: 2.9yrs
    • Compensation: HK$96.00k
  • Kin Ho (34yo)

    Independent Non-Executive Director

    • Tenure: 2.9yrs
    • Compensation: HK$96.00k

Company Information

Goldway Education Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Goldway Education Group Limited
  • Ticker: 8160
  • Exchange: SEHK
  • Founded: 2003
  • Industry: Education Services
  • Sector: Consumer Services
  • Market Cap: HK$57.998m
  • Shares outstanding: 522.50m
  • Website: https://www.goldwayedugp.com

Number of Employees


Location

  • Goldway Education Group Limited
  • Kin Sang Commercial Centre
  • Shop 203
  • Tuen Mun
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8160SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2016

Biography

Goldway Education Group Limited, an investment holding company, provides tutoring services under the Logic Tutorial Centre name to primary and secondary school students in Hong Kong. It operates through tw ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 12:51
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
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.