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9922

Jiumaojiu International Holdings SEHK:9922 Stock Report

Last Price

HK$18.00

Market Cap

HK$26.2b

7D

2.9%

1Y

-28.1%

Updated

16 Aug, 2022

Data

Company Financials +
9922 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance5/6
Financial Health6/6
Dividends0/6

9922 Stock Overview

Jiumaojiu International Holdings Limited operates as a Chinese cuisine restaurant brand manager and operator in the People’s Republic of China.

Jiumaojiu International Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Jiumaojiu International Holdings
Historical stock prices
Current Share PriceHK$18.00
52 Week HighHK$27.50
52 Week LowHK$10.82
Beta0.18
1 Month Change1.35%
3 Month Change6.13%
1 Year Change-28.14%
3 Year Changen/a
5 Year Changen/a
Change since IPO74.42%

Recent News & Updates

Jun 09
Some Investors May Be Worried About Jiumaojiu International Holdings' (HKG:9922) Returns On Capital

Some Investors May Be Worried About Jiumaojiu International Holdings' (HKG:9922) Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...

Shareholder Returns

9922HK HospitalityHK Market
7D2.9%2.1%-0.2%
1Y-28.1%-17.8%-21.6%

Return vs Industry: 9922 underperformed the Hong Kong Hospitality industry which returned -17.8% over the past year.

Return vs Market: 9922 underperformed the Hong Kong Market which returned -21.6% over the past year.

Price Volatility

Is 9922's price volatile compared to industry and market?
9922 volatility
9922 Average Weekly Movement8.4%
Hospitality Industry Average Movement7.1%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.6%
10% least volatile stocks in HK Market3.2%

Stable Share Price: 9922 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 9922's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199514,495Yihong Guanhttps://www.jiumaojiu.com

Jiumaojiu International Holdings Limited operates as a Chinese cuisine restaurant brand manager and operator in the People’s Republic of China. As of December 31, 2021 it operated 453 restaurants and managed 17 franchised restaurants covering 85 cities in People’s Republic of China, one in Canada, and one in Singapore under the Jiu Mao Jiu, Tai Er, Double Eggs, Song, and Uncle Chef brands. Jiumaojiu International Holdings Limited was founded in 1995 and is headquartered in Guangzhou, the People’s Republic of China.

Jiumaojiu International Holdings Fundamentals Summary

How do Jiumaojiu International Holdings's earnings and revenue compare to its market cap?
9922 fundamental statistics
Market CapHK$26.17b
Earnings (TTM)HK$393.39m
Revenue (TTM)HK$4.84b

66.5x

P/E Ratio

5.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
9922 income statement (TTM)
RevenueCN¥4.18b
Cost of RevenueCN¥2.88b
Gross ProfitCN¥1.30b
Other ExpensesCN¥958.76m
EarningsCN¥339.94m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 23, 2022

Earnings per share (EPS)0.23
Gross Margin31.07%
Net Profit Margin8.13%
Debt/Equity Ratio0%

How did 9922 perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

21%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 9922 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9922?

Other financial metrics that can be useful for relative valuation.

9922 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/Revenue5.3x
Enterprise Value/EBITDA30.2x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

How does 9922's PE Ratio compare to its peers?

9922 PE Ratio vs Peers
The above table shows the PE ratio for 9922 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average26.1x
2217 Tam Jai International
17.6x32.1%HK$3.6b
52 Fairwood Holdings
40.3xn/aHK$1.7b
6811 Tai Hing Group Holdings
10.3xn/aHK$1.0b
538 Ajisen (China) Holdings
36xn/aHK$873.2m
9922 Jiumaojiu International Holdings
66.5x42.4%HK$26.2b

Price-To-Earnings vs Peers: 9922 is expensive based on its Price-To-Earnings Ratio (66.5x) compared to the peer average (26.1x).


Price to Earnings Ratio vs Industry

How does 9922's PE Ratio compare vs other companies in the HK Hospitality Industry?

Price-To-Earnings vs Industry: 9922 is expensive based on its Price-To-Earnings Ratio (66.5x) compared to the Hong Kong Hospitality industry average (25.7x)


Price to Earnings Ratio vs Fair Ratio

What is 9922'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.

9922 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio66.5x
Fair PE Ratio21.9x

Price-To-Earnings vs Fair Ratio: 9922 is expensive based on its Price-To-Earnings Ratio (66.5x) compared to the estimated Fair Price-To-Earnings Ratio (21.9x).


Share Price vs Fair Value

What is the Fair Price of 9922 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9922 (HK$18) is trading below our estimate of fair value (HK$36.95)

Significantly Below Fair Value: 9922 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Jiumaojiu International Holdings forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


42.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9922's forecast earnings growth (42.4% per year) is above the savings rate (1.6%).

Earnings vs Market: 9922's earnings (42.4% per year) are forecast to grow faster than the Hong Kong market (16.8% per year).

High Growth Earnings: 9922's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 9922's revenue (33.1% per year) is forecast to grow faster than the Hong Kong market (10% per year).

High Growth Revenue: 9922's revenue (33.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 9922's Return on Equity is forecast to be high in 3 years time (22.4%)


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Past Performance

How has Jiumaojiu International Holdings performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


39.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 9922 has high quality earnings.

Growing Profit Margin: 9922's current net profit margins (8.1%) are higher than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: 9922's earnings have grown significantly by 39.3% per year over the past 5 years.

Accelerating Growth: 9922's earnings growth over the past year (174%) exceeds its 5-year average (39.3% per year).

Earnings vs Industry: 9922 earnings growth over the past year (174%) exceeded the Hospitality industry 18.5%.


Return on Equity

High ROE: 9922's Return on Equity (11.9%) is considered low.


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Financial Health

How is Jiumaojiu International Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 9922's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥804.5M).

Long Term Liabilities: 9922's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥1.2B).


Debt to Equity History and Analysis

Debt Level: 9922 is debt free.

Reducing Debt: 9922 has no debt compared to 5 years ago when its debt to equity ratio was 26.4%.

Debt Coverage: 9922 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 9922 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Jiumaojiu International 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

  • Cash Flow Coverage


0.31%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 9922's dividend (0.31%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.87%).

High Dividend: 9922's dividend (0.31%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.31%).


Stability and Growth of Payments

Stable Dividend: 9922 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 9922 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: 9922 is not paying a notable dividend for the Hong Kong market.


Cash Payout to Shareholders

Cash Flow Coverage: 9922 is not paying a notable dividend for the Hong Kong market.


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Management

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

2.7yrs

Average management tenure


CEO

Yihong Guan (52 yo)

no data

Tenure

CN¥1,029,000

Compensation

Mr. Yihong Guan serves as Chairman, Chief Executive Officer & Executive Director of Jiumaojiu International Holdings Limited. Mr. Guan owns 10.9419% of MT J Limited.


CEO Compensation Analysis

Compensation vs Market: Yihong's total compensation ($USD151.93K) is below average for companies of similar size in the Hong Kong market ($USD504.87K).

Compensation vs Earnings: Yihong's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 9922's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: 9922's board of directors are not considered experienced ( 2.5 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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Jiumaojiu International Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Jiumaojiu International Holdings Limited
  • Ticker: 9922
  • Exchange: SEHK
  • Founded: 1995
  • Industry: Restaurants
  • Sector: Consumer Services
  • Implied Market Cap: HK$26.170b
  • Shares outstanding: 1.45b
  • Website: https://www.jiumaojiu.com

Number of Employees


Location

  • Jiumaojiu International Holdings Limited
  • Room 404-A197
  • 1 Mingzhuyi Street
  • Guangzhou
  • Guangdong Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 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.