| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
1044 Stock Overview
Hengan International Group Company Limited, an investment holding company, manufactures, distributes, and sells personal hygiene products in the People’s Republic of China and internationally.
Hengan International Group Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$36.85 |
| 52 Week High | HK$53.75 |
| 52 Week Low | HK$34.40 |
| Beta | 0.40 |
| 1 Month Change | -5.39% |
| 3 Month Change | -1.34% |
| 1 Year Change | -29.14% |
| 3 Year Change | -37.22% |
| 5 Year Change | -38.38% |
| Change since IPO | 252.97% |
Recent News & Updates
Hengan International Group (HKG:1044) Is Paying Out Less In Dividends Than Last Year
Hengan International Group Company Limited ( HKG:1044 ) is reducing its dividend to HK$0.86 on the 6th of June...
Hengan International Group's (HKG:1044) Dividend Will Be Reduced To HK$0.86
Hengan International Group Company Limited's ( HKG:1044 ) dividend is being reduced to HK$0.86 on the 6th of June. The...
Is Hengan International Group Company Limited (HKG:1044) Trading At A 24% Discount?
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Hengan International...
Shareholder Returns
| 1044 | HK Personal Products | HK Market | |
|---|---|---|---|
| 7D | 1.4% | 6.9% | 3.1% |
| 1Y | -29.1% | -20.0% | -21.2% |
Return vs Industry: 1044 underperformed the Hong Kong Personal Products industry which returned -20% over the past year.
Return vs Market: 1044 underperformed the Hong Kong Market which returned -21.2% over the past year.
Price Volatility
| 1044 volatility | |
|---|---|
| 1044 Average Weekly Movement | 3.4% |
| Personal Products Industry Average Movement | 6.5% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in HK Market | 13.7% |
| 10% least volatile stocks in HK Market | 3.3% |
Stable Share Price: 1044 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 1044's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1985 | 23,000 | Ching Lau Hui | https://www.hengan.com |
Hengan International Group Company Limited, an investment holding company, manufactures, distributes, and sells personal hygiene products in the People’s Republic of China and internationally. The company offers pocket handkerchiefs, box and soft tissue papers, kitchen towels/papers, toilet rolls, first-aid products, enema, garbage and food bags, preservation papers, table cloths and swabbers, sanitary napkins, pantiliners, overnight pants, wet tissues, maternal and child care products, adult and baby diapers, and cleansing products. It is also involved in the trading of various products for ladies, pregnant women, infants, and kids, as well as disposable fiber-based products; and engages in the ecommerce business.
Hengan International Group Fundamentals Summary
| 1044 fundamental statistics | |
|---|---|
| Market Cap | CN¥36.82b |
| Earnings (TTM) | CN¥3.27b |
| Revenue (TTM) | CN¥20.79b |
11.2x
P/E Ratio1.8x
P/S RatioIs 1044 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 1044 income statement (TTM) | |
|---|---|
| Revenue | CN¥20.79b |
| Cost of Revenue | CN¥13.02b |
| Gross Profit | CN¥7.77b |
| Other Expenses | CN¥4.50b |
| Earnings | CN¥3.27b |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.82 |
| Gross Margin | 37.38% |
| Net Profit Margin | 15.75% |
| Debt/Equity Ratio | 94.5% |
How did 1044 perform over the long term?
See historical performance and comparisonDividends
5.3%
Current Dividend Yield61%
Payout RatioValuation
Is 1044 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
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 1044?
Other financial metrics that can be useful for relative valuation.
| What is 1044's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CN¥36.82b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.8x |
| Enterprise Value/EBITDA | 8.1x |
| PEG Ratio | 2.3x |
Price to Earnings Ratio vs Peers
How does 1044's PE Ratio compare to its peers?
| 1044 PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 17.3x | ||
973 L'Occitane International | 19x | 11.6% | HK$38.0b |
6896 Golden Throat Holdings Group | 6.9x | n/a | HK$1.5b |
157 Natural Beauty Bio-Technology | 30.7x | n/a | HK$1.1b |
1962 Evergreen Products Group | 12.7x | n/a | HK$686.1m |
1044 Hengan International Group | 11.3x | 4.9% | HK$43.1b |
Price-To-Earnings vs Peers: 1044 is good value based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (17.3x).
Price to Earnings Ratio vs Industry
How does 1044's PE Ratio compare vs other companies in the Asian Personal Products Industry?
Price-To-Earnings vs Industry: 1044 is good value based on its Price-To-Earnings Ratio (11.2x) compared to the Hong Kong Personal Products industry average (12x)
Price to Earnings Ratio vs Fair Ratio
What is 1044'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 11.2x |
| Fair PE Ratio | 16.5x |
Price-To-Earnings vs Fair Ratio: 1044 is good value based on its Price-To-Earnings Ratio (11.2x) compared to the estimated Fair Price-To-Earnings Ratio (16.5x).
Share Price vs Fair Value
What is the Fair Price of 1044 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 1044 (HK$36.85) is trading below our estimate of fair value (HK$53.39)
Significantly Below Fair Value: 1044 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 1044 is poor value based on its PEG Ratio (2.3x)
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Future Growth
How is Hengan International Group forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
4.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1044's forecast earnings growth (4.9% per year) is above the savings rate (1.6%).
Earnings vs Market: 1044's earnings (4.9% per year) are forecast to grow slower than the Hong Kong market (17.1% per year).
High Growth Earnings: 1044's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1044's revenue (3.9% per year) is forecast to grow slower than the Hong Kong market (10.2% per year).
High Growth Revenue: 1044's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1044's Return on Equity is forecast to be low in 3 years time (18.7%).
Discover growth companies
Past Performance
How has Hengan International Group performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
3.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1044 has high quality earnings.
Growing Profit Margin: 1044's current net profit margins (15.7%) are lower than last year (20.5%).
Past Earnings Growth Analysis
Earnings Trend: 1044's earnings have grown by 3.1% per year over the past 5 years.
Accelerating Growth: 1044's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1044 had negative earnings growth (-28.8%) over the past year, making it difficult to compare to the Personal Products industry average (2.7%).
Return on Equity
High ROE: 1044's Return on Equity (17.1%) is considered low.
Discover strong past performing companies
Financial Health
How is Hengan International Group's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 1044's short term assets (CN¥27.3B) exceed its short term liabilities (CN¥22.0B).
Long Term Liabilities: 1044's short term assets (CN¥27.3B) exceed its long term liabilities (CN¥974.8M).
Debt to Equity History and Analysis
Debt Level: 1044 has more cash than its total debt.
Reducing Debt: 1044's debt to equity ratio has reduced from 108.1% to 94.5% over the past 5 years.
Debt Coverage: 1044's debt is well covered by operating cash flow (25.3%).
Interest Coverage: 1044 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Discover healthy companies
Dividend
What is Hengan International Group current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
5.30%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1044's dividend (5.3%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.71%).
High Dividend: 1044's dividend (5.3%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.74%).
Stability and Growth of Payments
Stable Dividend: 1044's dividend payments have been volatile in the past 10 years.
Growing Dividend: 1044's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (61%), 1044's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (50.8%), 1044's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
5.6yrs
Average management tenure
CEO
Ching Lau Hui (41 yo)
0.83
Tenure
CN¥4,428,000
Compensation
Mr. Hui Ching Lau has been an Executive Director of Hengan International Group Company Limited since December 10, 2020 and its Chief Executive Officer since August 18, 2021. He is responsible for providing...
CEO Compensation Analysis
Compensation vs Market: Ching Lau's total compensation ($USD660.82K) is about average for companies of similar size in the Hong Kong market ($USD582.70K).
Compensation vs Earnings: Ching Lau's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
Experienced Management: 1044's management team is seasoned and experienced (5.6 years average tenure).
Board Members
Experienced Board: 1044's board of directors are seasoned and experienced ( 23.7 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
Hengan International Group Company Limited's employee growth, exchange listings and data sources
Key Information
- Name: Hengan International Group Company Limited
- Ticker: 1044
- Exchange: SEHK
- Founded: 1985
- Industry: Personal Products
- Sector: Household
- Implied Market Cap: HK$43.115b
- Shares outstanding: 1.16b
- Website: https://www.hengan.com
Number of Employees
Location
- Hengan International Group Company Limited
- Hengan Industrial City
- Anhai Town
- Jinjiang
- Fujian Province
- 362261
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/30 00:00 |
| End of Day Share Price | 2022/06/30 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
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.