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1962

Evergreen Products GroupSEHK:1962 Stock Report

Market Cap

HK$651.8m

7D

5.6%

1Y

-37.1%

Updated

25 Oct, 2021

Data

Company Financials +
1962 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends1/6

1962 Overview

Evergreen Products Group Limited, an investment holding company, designs, manufactures, trades in, and sells hair products in the United States, the People’s Republic of China, the United Kingdom, Japan, Germany, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Evergreen Products Group
Historical stock prices
Current Share PriceHK$0.95
52 Week HighHK$0.41
52 Week LowHK$1.74
Beta0.091
1 Month Change58.33%
3 Month Change106.52%
1 Year Change-37.09%
3 Year Change-38.31%
5 Year Changen/a
Change since IPO-22.13%

Recent News & Updates

Jul 12
Evergreen Products Group (HKG:1962) Could Be Struggling To Allocate Capital

Evergreen Products Group (HKG:1962) Could Be Struggling To Allocate Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Apr 13
Does Evergreen Products Group (HKG:1962) Have A Healthy Balance Sheet?

Does Evergreen Products Group (HKG:1962) Have A 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...

Shareholder Returns

1962HK Personal ProductsHK Market
7D5.6%-1.5%0.4%
1Y-37.1%3.3%6.7%

Return vs Industry: 1962 underperformed the Hong Kong Personal Products industry which returned 3.2% over the past year.

Return vs Market: 1962 underperformed the Hong Kong Market which returned 5.9% over the past year.

Price Volatility

Is 1962's price volatile compared to industry and market?
1962 volatility
1962 Beta0.091
Industry Beta0.57
Market Beta1

Stable Share Price: 1962 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: 1962's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
196229,690Felix Changhttps://www.epfhk.com

Evergreen Products Group Limited, an investment holding company, designs, manufactures, trades in, and sells hair products in the United States, the People’s Republic of China, the United Kingdom, Japan, Germany, and internationally. The company offers fashion wigs, including long, medium and short, and half wigs; lace wigs, such as lace front, parting, braided, and 4x4 lace wigs; hairpieces and accessories comprising Melrose clips, drawstrings, domes/buns, and head band pieces; hair extensions and weaving products; men’s wigs and toupees; Halloween wigs; costumes; moustaches and beards; and doll wigs. It is also involved in the technological development of hair products; property investment and holding activities; trading of hair products through internet; trading of fibers; and exporting and importing of hair products.

Evergreen Products Group Fundamentals Summary

How do Evergreen Products Group's earnings and revenue compare to its market cap?
1962 fundamental statistics
Market CapHK$651.78m
Earnings (TTM)HK$5.55m
Revenue (TTM)HK$1.07b

117.6x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1962 income statement (TTM)
RevenueHK$1.07b
Cost of RevenueHK$888.37m
Gross ProfitHK$182.51m
ExpensesHK$176.97m
EarningsHK$5.55m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0081
Gross Margin17.04%
Net Profit Margin0.52%
Debt/Equity Ratio76.8%

How did 1962 perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

160%

Payout Ratio

Valuation

Is Evergreen Products Group undervalued compared to its fair value and its price relative to the market?

117.57x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1962 (HK$0.95) is trading above our estimate of fair value (HK$0.29)

Significantly Below Fair Value: 1962 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1962 is poor value based on its PE Ratio (117.6x) compared to the Hong Kong Personal Products industry average (17x).

PE vs Market: 1962 is poor value based on its PE Ratio (117.6x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1962's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1962 is good value based on its PB Ratio (0.7x) compared to the HK Personal Products industry average (1x).


Future Growth

How is Evergreen Products Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

1.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 1962's forecast earnings growth is above the savings rate (1.5%).

Earnings vs Market: Insufficient data to determine if 1962's earnings are forecast to grow faster than the Hong Kong market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1962's revenue (1% per year) is forecast to grow slower than the Hong Kong market (12.5% per year).

High Growth Revenue: 1962's revenue (1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 1962's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Evergreen Products Group performed over the past 5 years?

-19.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1962 has a large one-off loss of HK$4.6M impacting its June 30 2021 financial results.

Growing Profit Margin: 1962's current net profit margins (0.5%) are lower than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: 1962's earnings have declined by 19.9% per year over the past 5 years.

Accelerating Growth: 1962's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1962 had negative earnings growth (-88.7%) over the past year, making it difficult to compare to the Personal Products industry average (-2.2%).


Return on Equity

High ROE: 1962's Return on Equity (0.7%) is considered low.


Financial Health

How is Evergreen Products Group's financial position?


Financial Position Analysis

Short Term Liabilities: 1962's short term assets (HK$930.9M) exceed its short term liabilities (HK$777.4M).

Long Term Liabilities: 1962's short term assets (HK$930.9M) exceed its long term liabilities (HK$25.4M).


Debt to Equity History and Analysis

Debt Level: 1962's debt to equity ratio (76.8%) is considered high.

Reducing Debt: 1962's debt to equity ratio has reduced from 250.9% to 76.8% over the past 5 years.

Debt Coverage: 1962's debt is not well covered by operating cash flow (15.6%).

Interest Coverage: 1962's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Dividend

What is Evergreen Products Group current dividend yield, its reliability and sustainability?

2.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1962's dividend (2.74%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.22%).

High Dividend: 1962's dividend (2.74%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.77%).


Stability and Growth of Payments

Stable Dividend: 1962 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1962 has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (159.5%), 1962's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Felix Chang (55 yo)

5.08yrs

Tenure

HK$1,630,000

Compensation

Mr. Chang Yoe Chong, also known as Felix, serves as the Chairman of Evergreen Products Group Limited and also has been its Chief Executive Officer and Executive Director since September 09, 2016 and May 19...


CEO Compensation Analysis

Compensation vs Market: Felix's total compensation ($USD209.68K) is about average for companies of similar size in the Hong Kong market ($USD227.73K).

Compensation vs Earnings: Felix's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: 1962's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: 1962's board of directors are considered experienced (5.1 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

Evergreen Products Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Evergreen Products Group Limited
  • Ticker: 1962
  • Exchange: SEHK
  • Founded: 1962
  • Industry: Personal Products
  • Sector: Household
  • Market Cap: HK$651.778m
  • Shares outstanding: 686.08m
  • Website: https://www.epfhk.com

Number of Employees


Location

  • Evergreen Products Group Limited
  • Chiap Luen Industrial Building
  • 11th Floor
  • Kwai Chung
  • New Territories
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:58
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.