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6993

Blue Moon Group Holdings SEHK:6993 Stock Report

Last Price

HK$5.69

Market Cap

HK$33.7b

7D

-2.6%

1Y

-14.6%

Updated

28 Sep, 2022

Data

Company Financials +
6993 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance2/6
Financial Health5/6
Dividends1/6

6993 Stock Overview

Blue Moon Group Holdings Limited engages in the research, design, development, manufacture, and sale of personal hygiene, home care, and fabric care products in China.

Rewards

Trading at 28.2% below our estimate of its fair value

Earnings are forecast to grow 18.37% per year

Risk Analysis

No risks detected for 6993 from our risk checks.

Blue Moon Group Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Blue Moon Group Holdings
Historical stock prices
Current Share PriceHK$5.69
52 Week HighHK$8.31
52 Week LowHK$4.46
Beta0
1 Month Change-0.18%
3 Month Change-15.08%
1 Year Change-14.57%
3 Year Changen/a
5 Year Changen/a
Change since IPO-61.76%

Recent News & Updates

Aug 23
A Look At The Intrinsic Value Of Blue Moon Group Holdings Limited (HKG:6993)

A Look At The Intrinsic Value Of Blue Moon Group Holdings Limited (HKG:6993)

Does the August share price for Blue Moon Group Holdings Limited ( HKG:6993 ) reflect what it's really worth? Today, we...

Jul 13
Here's What To Make Of Blue Moon Group Holdings' (HKG:6993) Decelerating Rates Of Return

Here's What To Make Of Blue Moon Group Holdings' (HKG:6993) Decelerating Rates Of Return

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Shareholder Returns

6993HK Household ProductsHK Market
7D-2.6%-2.4%-3.9%
1Y-14.6%-17.6%-25.9%

Return vs Industry: 6993 exceeded the Hong Kong Household Products industry which returned -17.6% over the past year.

Return vs Market: 6993 exceeded the Hong Kong Market which returned -25.9% over the past year.

Price Volatility

Is 6993's price volatile compared to industry and market?
6993 volatility
6993 Average Weekly Movement3.7%
Household Products Industry Average Movement5.8%
Market Average Movement6.3%
10% most volatile stocks in HK Market12.6%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 6993 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 6993's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19928,190Qiuping Luohttps://www.bluemoon.com.cn

Blue Moon Group Holdings Limited engages in the research, design, development, manufacture, and sale of personal hygiene, home care, and fabric care products in China. It offers fabric care products, including machine wash laundry, pre-wash treatment, underwear laundry, hand wash, strain removers, and fabric softeners, as well as baby liquid laundry detergents; personal hygiene products comprising liquid soaps; toilet and bathroom cleaners; and general home care products, such as anti-mould cleansers, washing machine cleaners, floor cleaners, bleaches, glass cleaners, multi-surface cleaners, and rust cleaners; and antiseptic disinfectant liquids. The company also provides kitchen cleaning products, including utensil, fruit, and vegetable cleaning products, as well as range of hood cleaners.

Blue Moon Group Holdings Fundamentals Summary

How do Blue Moon Group Holdings's earnings and revenue compare to its market cap?
6993 fundamental statistics
Market CapHK$33.70b
Earnings (TTM)HK$909.48m
Revenue (TTM)HK$8.13b

36.7x

P/E Ratio

4.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6993 income statement (TTM)
RevenueHK$8.13b
Cost of RevenueHK$3.42b
Gross ProfitHK$4.71b
Other ExpensesHK$3.80b
EarningsHK$909.48m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.16
Gross Margin57.95%
Net Profit Margin11.19%
Debt/Equity Ratio0.9%

How did 6993 perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

86%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 6993 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 6993?

Other financial metrics that can be useful for relative valuation.

6993 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/Revenue3.2x
Enterprise Value/EBITDA21.3x
PEG Ratio2x

Price to Earnings Ratio vs Peers

How does 6993's PE Ratio compare to its peers?

6993 PE Ratio vs Peers
The above table shows the PE ratio for 6993 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.9x
3331 Vinda International Holdings
17.5x22.4%HK$23.7b
6601 Cheerwin Group
32.6x30.1%HK$2.3b
2023 China Ludao Technology
13.6xn/aHK$491.8m
973 L'Occitane International
19.9x11.4%HK$36.3b
6993 Blue Moon Group Holdings
36.7x18.4%HK$33.7b

Price-To-Earnings vs Peers: 6993 is expensive based on its Price-To-Earnings Ratio (36.7x) compared to the peer average (20.9x).


Price to Earnings Ratio vs Industry

How does 6993's PE Ratio compare vs other companies in the Asian Household Products Industry?

Price-To-Earnings vs Industry: 6993 is expensive based on its Price-To-Earnings Ratio (36.7x) compared to the Asian Household Products industry average (21.9x)


Price to Earnings Ratio vs Fair Ratio

What is 6993'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.

6993 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio36.7x
Fair PE Ratio21.9x

Price-To-Earnings vs Fair Ratio: 6993 is expensive based on its Price-To-Earnings Ratio (36.7x) compared to the estimated Fair Price-To-Earnings Ratio (21.9x).


Share Price vs Fair Value

What is the Fair Price of 6993 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 6993 (HK$5.69) is trading below our estimate of fair value (HK$7.93)

Significantly Below Fair Value: 6993 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 Blue Moon Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6993's forecast earnings growth (18.4% per year) is above the savings rate (1.6%).

Earnings vs Market: 6993's earnings (18.4% per year) are forecast to grow faster than the Hong Kong market (17.4% per year).

High Growth Earnings: 6993's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6993's revenue (9.2% per year) is forecast to grow slower than the Hong Kong market (9.9% per year).

High Growth Revenue: 6993's revenue (9.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6993's Return on Equity is forecast to be low in 3 years time (9.8%).


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Past Performance

How has Blue Moon Group Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 6993 has high quality earnings.

Growing Profit Margin: 6993's current net profit margins (11.2%) are lower than last year (13.9%).


Past Earnings Growth Analysis

Earnings Trend: 6993's earnings have grown by 15.8% per year over the past 5 years.

Accelerating Growth: 6993's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6993 had negative earnings growth (-5.6%) over the past year, making it difficult to compare to the Household Products industry average (-28.7%).


Return on Equity

High ROE: 6993's Return on Equity (8.1%) is considered low.


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Financial Health

How is Blue Moon Group Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 6993's short term assets (HK$10.7B) exceed its short term liabilities (HK$1.8B).

Long Term Liabilities: 6993's short term assets (HK$10.7B) exceed its long term liabilities (HK$264.2M).


Debt to Equity History and Analysis

Debt Level: 6993 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if 6993's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 6993's debt is well covered by operating cash flow (789.1%).

Interest Coverage: 6993 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Blue Moon Group Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.43%

Current Dividend Yield

Dividend Yield vs Market

Blue Moon Group Holdings Dividend Yield vs Market
How does Blue Moon Group Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (Blue Moon Group Holdings)2.4%
Market Bottom 25% (HK)2.9%
Market Top 25% (HK)8.7%
Industry Average (Household Products)2.0%
Analyst forecast in 3 Years (Blue Moon Group Holdings)2.1%

Notable Dividend: 6993's dividend (2.43%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.9%).

High Dividend: 6993's dividend (2.43%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.67%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 6993's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 6993's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (86.2%), 6993's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (186.5%), 6993's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

8.2yrs

Average management tenure


CEO

Qiuping Luo (58 yo)

14.58yrs

Tenure

Mr. Qiuping Luo serves as Chief Executive Officer at Blue Moon Group Holdings Limited. since February 12, 2008 and serves as its Executive Director since June 22, 2020. He is primarily responsible for the...


Leadership Team

Experienced Management: 6993's management team is seasoned and experienced (8.2 years average tenure).


Board Members

Experienced Board: 6993's board of directors are not considered experienced ( 2.3 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.


Ownership Breakdown

What is the ownership structure of 6993?
Owner TypeNumber of SharesOwnership Percentage
Institutions38,869,7210.7%
VC/PE Firms571,465,3009.7%
General Public801,692,42913.7%
Individual Insiders4,449,545,00075.9%

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


Top Shareholders

Top 25 shareholders own 85.71% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
75.85%
Dong Pan
4,446,000,000HK$25.3b0%no data
9.75%
Hillhouse Investment Management, Ltd.
571,465,300HK$3.3b0%2.04%
0.06%
Kwok Leung Poon
3,525,000HK$20.1m0%no data
0.012%
VL Asset Management Limited
687,000HK$3.9m0%1.83%
0.0066%
Hwabao WP Fund Management Co., Ltd
384,500HK$2.2m0%no data
0.0046%
Deutsche Asset & Wealth Management
267,500HK$1.5m0%no data
0.0037%
Legal & General Investment Management Limited
219,000HK$1.2m0%no data
0.0036%
BNY Mellon Asset Management
209,000HK$1.2m0%no data
0.0029%
BOCI - Prudential Asset Management Limited
169,000HK$961.6k0%0.01%
0.0028%
Mingya Fund Management Co., Ltd
162,000HK$921.8k0%3.16%
0.0025%
Franklin Resources, Inc.
147,500HK$839.3k10.9%no data
0.0022%
HSBC Global Asset Management (UK) Limited
129,566HK$737.2k12.09%no data
0.0021%
DBX Advisors LLC
121,938HK$693.8k0%no data
0.0017%
Finex Investment Management Llp
100,500HK$571.8k0%0.01%
0.0016%
Caisse de dépôt et placement du Québec
91,500HK$520.6k0%no data
0.0015%
Mercer Global Investments Europe Limited
86,000HK$489.3k0%no data
0.0012%
Yinhua Fund Management Co. Ltd.
71,500HK$406.8k0%no data
0.00073%
Taikang Asset Management Co., Ltd.
43,000HK$244.7k0%no data
0.00058%
Hua An Fund Management Co., Ltd.
34,000HK$193.5k0%no data
0.00051%
China Universal Asset Management Company Ltd.
30,000HK$170.7k0%no data
0.00048%
Penghua Fund Management Co. Ltd.
28,000HK$159.3k0%no data
0.00045%
Northern Trust Global Investments
26,500HK$150.8k0%no data
0.00038%
Fullgoal Fund Management Co., Ltd.
22,500HK$128.0k0%no data
0.00034%
Bruno Robert Mercier
20,000HK$113.8k0%no data
0.00012%
Goldman Sachs Asset Management, L.P.
6,785HK$38.6k0%no data

Company Information

Blue Moon Group Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Blue Moon Group Holdings Limited
  • Ticker: 6993
  • Exchange: SEHK
  • Founded: 1992
  • Industry: Household Products
  • Sector: Household
  • Implied Market Cap: HK$33.704b
  • Shares outstanding: 5.86b
  • Website: https://www.bluemoon.com.cn

Number of Employees


Location

  • Blue Moon Group Holdings Limited
  • Yun Pu Industrial Zone
  • No. 36, Pu Nan Road
  • Guangzhou
  • Guangdong Province
  • 510760
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6993SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2020
6993SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2020
6993SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2020
BLUM.YOTCPK (Pink Sheets LLC)UNSPONSORED ADSUSUSDFeb 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
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.