1610 Stock Overview
COFCO Joycome Foods Limited, an investment holding company, primarily engages in the hog production and sales, and livestock slaughtering businesses in Mainland China.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$3.31|
|52 Week High||HK$6.38|
|52 Week Low||HK$2.11|
|1 Month Change||15.33%|
|3 Month Change||9.97%|
|1 Year Change||19.50%|
|3 Year Change||122.15%|
|5 Year Change||106.88%|
|Change since IPO||99.40%|
Recent News & Updates
COFCO Joycome Foods (HKG:1610) Has A Pretty Healthy Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
|1610||HK Food||HK Market|
Return vs Industry: 1610 exceeded the Hong Kong Food industry which returned -24.7% over the past year.
Return vs Market: 1610 exceeded the Hong Kong Market which returned -16.2% over the past year.
|1610 Average Weekly Movement||7.6%|
|Food Industry Average Movement||5.5%|
|Market Average Movement||6.7%|
|10% most volatile stocks in HK Market||13.2%|
|10% least volatile stocks in HK Market||3.0%|
Stable Share Price: 1610 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 1610's weekly volatility (7%) has been stable over the past year.
About the Company
COFCO Joycome Foods Limited, an investment holding company, primarily engages in the hog production and sales, and livestock slaughtering businesses in Mainland China. The company operates through four segments: Hog Production, Fresh Pork, Processed Meat Products, and Meat Import. It is also involved in the production of feed; slaughtering, wholesale, and retail sale of fresh and frozen meats; manufacture, wholesale, and retail sale of processed meat products and fresh pork under the Maverick and Joycome brands; and sale of imported meat products, including pork, beef, poultry, and mutton, as well as by-products.
COFCO Joycome Foods Fundamentals Summary
|1610 fundamental statistics|
Is 1610 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|1610 income statement (TTM)|
|Cost of Revenue||CN¥11.19b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.39|
|Net Profit Margin||8.78%|
How did 1610 perform over the long term?See historical performance and comparison
Is COFCO Joycome Foods undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1610 (HK$3.31) is trading below our estimate of fair value (HK$10.38)
Significantly Below Fair Value: 1610 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1610 is good value based on its PE Ratio (6.9x) compared to the Hong Kong Food industry average (9.1x).
PE vs Market: 1610 is good value based on its PE Ratio (6.9x) compared to the Hong Kong market (9.1x).
Price to Earnings Growth Ratio
PEG Ratio: 1610 is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: 1610 is overvalued based on its PB Ratio (1.3x) compared to the HK Food industry average (1x).
How is COFCO Joycome Foods forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1610's forecast earnings growth (5.5% per year) is above the savings rate (1.5%).
Earnings vs Market: 1610's earnings (5.5% per year) are forecast to grow slower than the Hong Kong market (16.1% per year).
High Growth Earnings: 1610's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1610's revenue (7.5% per year) is forecast to grow slower than the Hong Kong market (11.6% per year).
High Growth Revenue: 1610's revenue (7.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1610's Return on Equity is forecast to be low in 3 years time (17.9%).
How has COFCO Joycome Foods performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1610 has a large one-off loss of CN¥3.7B impacting its June 30 2021 financial results.
Growing Profit Margin: 1610's current net profit margins (8.8%) are lower than last year (22%).
Past Earnings Growth Analysis
Earnings Trend: 1610's earnings have grown significantly by 51.1% per year over the past 5 years.
Accelerating Growth: 1610's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1610 had negative earnings growth (-56.6%) over the past year, making it difficult to compare to the Food industry average (14.4%).
Return on Equity
High ROE: 1610's Return on Equity (17.9%) is considered low.
How is COFCO Joycome Foods's financial position?
Financial Position Analysis
Short Term Liabilities: 1610's short term assets (CN¥8.0B) do not cover its short term liabilities (CN¥8.5B).
Long Term Liabilities: 1610's short term assets (CN¥8.0B) exceed its long term liabilities (CN¥947.1M).
Debt to Equity History and Analysis
Debt Level: 1610's net debt to equity ratio (60.3%) is considered high.
Reducing Debt: 1610's debt to equity ratio has reduced from 85% to 73.1% over the past 5 years.
Debt Coverage: 1610's debt is well covered by operating cash flow (96.2%).
Interest Coverage: 1610's interest payments on its debt are well covered by EBIT (72.3x coverage).
What is COFCO Joycome Foods's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 1610's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 1610'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 1610's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1610's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 1610 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 1610's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jianong Xu (56 yo)
Mr. Jianong Xu has been the Managing Director, General Manager and Executive Director at COFCO Joycome Foods Limited (formerly known as COFCO Meat Holdings Limited) since April 27, 2016 and since April 17,...
CEO Compensation Analysis
Compensation vs Market: Jianong's total compensation ($USD238.61K) is below average for companies of similar size in the Hong Kong market ($USD480.13K).
Compensation vs Earnings: Jianong's compensation has been consistent with company performance over the past year.
Experienced Management: 1610's management team is seasoned and experienced (5.7 years average tenure).
Experienced Board: 1610's board of directors are considered experienced (4 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
COFCO Joycome Foods Limited's employee growth, exchange listings and data sources
- Name: COFCO Joycome Foods Limited
- Ticker: 1610
- Exchange: SEHK
- Founded: 2002
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: HK$12.916b
- Shares outstanding: 3.90b
- Website: https://www.cofcomeat.com
Number of Employees
- COFCO Joycome Foods Limited
- COFCO Fortune Plaza
- No.8, Chao Yang Men South Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/20 16:14|
|End of Day Share Price||2022/01/20 00:00|
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.