SEHK:6896

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Golden Throat Holdings Group

Market Cap

HK$1.4b

Last Updated

2021/07/30 18:08 UTC

Data Sources

Company Financials

Executive Summary

Golden Throat Holdings Group Company Limited, an investment holding company, manufactures and sells pharmaceutical, healthcare food, and other products in the People’s Republic of China. More Details


Snowflake Analysis

Excellent balance sheet with questionable track record.

Share Price & News

How has Golden Throat Holdings Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6896 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 6896's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-2.1%

6896

-4.3%

HK Personal Products

-4.7%

HK Market


1 Year Return

18.1%

6896

-3.7%

HK Personal Products

7.4%

HK Market

Return vs Industry: 6896 exceeded the Hong Kong Personal Products industry which returned -3% over the past year.

Return vs Market: 6896 exceeded the Hong Kong Market which returned 8.2% over the past year.


Shareholder returns

6896IndustryMarket
7 Day-2.1%-4.3%-4.7%
30 Day5.2%-8.6%-10.1%
90 Day2.2%1.3%-10.6%
1 Year22.2%18.1%0.6%-3.7%11.1%7.4%
3 Year69.3%38.6%-0.4%-10.9%9.5%-2.7%
5 Year-69.1%-77.4%-1.4%-17.1%37.8%13.4%

Long-Term Price Volatility Vs. Market

How volatile is Golden Throat Holdings Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Golden Throat Holdings Group undervalued compared to its fair value and its price relative to the market?

7.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6896 (HK$1.83) is trading above our estimate of fair value (HK$1.61)

Significantly Below Fair Value: 6896 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6896 is poor value based on its PE Ratio (7.3x) compared to the Hong Kong Personal Products industry average (6.8x).

PE vs Market: 6896 is good value based on its PE Ratio (7.3x) compared to the Hong Kong market (10.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6896's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6896 is overvalued based on its PB Ratio (0.9x) compared to the HK Personal Products industry average (0.7x).


Future Growth

How is Golden Throat Holdings Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.0%

Forecasted Household industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Golden Throat Holdings Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Golden Throat Holdings Group performed over the past 5 years?

6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6896 has a large one-off gain of CN¥32.6M impacting its December 31 2020 financial results.

Growing Profit Margin: 6896's current net profit margins (23.8%) are higher than last year (21%).


Past Earnings Growth Analysis

Earnings Trend: 6896's earnings have grown by 6.2% per year over the past 5 years.

Accelerating Growth: 6896's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6896 had negative earnings growth (-8%) over the past year, making it difficult to compare to the Personal Products industry average (-8%).


Return on Equity

High ROE: 6896's Return on Equity (12.6%) is considered low.


Financial Health

How is Golden Throat Holdings Group's financial position?


Financial Position Analysis

Short Term Liabilities: 6896's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥459.8M).

Long Term Liabilities: 6896's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥4.9M).


Debt to Equity History and Analysis

Debt Level: 6896's debt to equity ratio (12.5%) is considered satisfactory.

Reducing Debt: 6896's debt to equity ratio has increased from 9.7% to 12.5% over the past 5 years.

Debt Coverage: 6896's debt is well covered by operating cash flow (110.2%).

Interest Coverage: 6896 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Golden Throat Holdings Group current dividend yield, its reliability and sustainability?

3.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6896's dividend (3.24%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.07%).

High Dividend: 6896's dividend (3.24%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.47%).


Stability and Growth of Payments

Stable Dividend: 6896 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6896 has only been paying a dividend for 5 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.2%), 6896's dividend payments are 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?

6.3yrs

Average board tenure


CEO

Yong Zeng (47 yo)

no data

Tenure

CN¥5,481,000

Compensation

Mr. Yong Zeng serves as Vice Chairman of the Board and General Manager at Golden Throat Holdings Group Company Limited. Mr. ZENG is primarily responsible for overseeing the management and strategic develop...


CEO Compensation Analysis

Compensation vs Market: Yong's total compensation ($USD848.94K) is above average for companies of similar size in the Hong Kong market ($USD285.32K).

Compensation vs Earnings: Yong's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 6896's board of directors are considered experienced (6.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Golden Throat Holdings Group Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Golden Throat Holdings Group Company Limited
  • Ticker: 6896
  • Exchange: SEHK
  • Founded: 1956
  • Industry: Personal Products
  • Sector: Household
  • Market Cap: HK$1.353b
  • Shares outstanding: 739.30m
  • Website: https://www.goldenthroat.com

Number of Employees


Location

  • Golden Throat Holdings Group Company Limited
  • No.28 Yuejin Road
  • Liuzhou
  • Guangxi Zhuang Province
  • China

Listings


Biography

Golden Throat Holdings Group Company Limited, an investment holding company, manufactures and sells pharmaceutical, healthcare food, and other products in the People’s Republic of China. It offers Golden T...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/30 18:08
End of Day Share Price2021/07/30 00:00
Earnings2020/12/31
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.