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1047

Ngai Hing HongSEHK:1047 Stock Report

Market Cap

HK$240.0m

7D

0%

1Y

38.3%

Updated

17 Oct, 2021

Data

Company Financials
1047 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends2/6

1047 Overview

Ngai Hing Hong Company Limited, an investment holding company, manufactures and trades plastic materials, pigments, colorants, compounded plastic resins, engineering plastics, and biodegradable plastics.

Price History & Performance

Summary of all time highs, changes and price drops for Ngai Hing Hong
Historical stock prices
Current Share PriceHK$0.65
52 Week HighHK$0.32
52 Week LowHK$0.75
Beta0.28
1 Month Change0%
3 Month Change31.31%
1 Year Change38.30%
3 Year Change1.56%
5 Year Change-28.57%
Change since IPO-10.55%

Recent News & Updates

Sep 08
Ngai Hing Hong (HKG:1047) Is Experiencing Growth In Returns On Capital

Ngai Hing Hong (HKG:1047) Is Experiencing Growth In Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

May 26
Ngai Hing Hong (HKG:1047) Is Experiencing Growth In Returns On Capital

Ngai Hing Hong (HKG:1047) Is Experiencing Growth In Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Shareholder Returns

1047HK ChemicalsHK Market
7D0%-2.1%1.1%
1Y38.3%86.9%5.3%

Return vs Industry: 1047 underperformed the Hong Kong Chemicals industry which returned 86.9% over the past year.

Return vs Market: 1047 exceeded the Hong Kong Market which returned 5.3% over the past year.

Price Volatility

Is 1047's price volatile compared to industry and market?
1047 volatility
1047 Beta0.28
Industry Beta1.03
Market Beta1

Stable Share Price: 1047 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: 1047's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1970626Kwok Kwong Huihttps://www.nhh.com.hk

Ngai Hing Hong Company Limited, an investment holding company, manufactures and trades plastic materials, pigments, colorants, compounded plastic resins, engineering plastics, and biodegradable plastics. The company operates through Trading, Colorants, Engineering Plastics, and Others segments. It is also involved in the property holding activities.

Ngai Hing Hong Fundamentals Summary

How do Ngai Hing Hong's earnings and revenue compare to its market cap?
1047 fundamental statistics
Market CapHK$239.98m
Earnings (TTM)HK$89.87m
Revenue (TTM)HK$1.97b

2.7x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1047 income statement (TTM)
RevenueHK$1.97b
Cost of RevenueHK$1.62b
Gross ProfitHK$347.22m
ExpensesHK$257.35m
EarningsHK$89.87m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.24
Gross Margin17.62%
Net Profit Margin4.56%
Debt/Equity Ratio51.6%

How did 1047 perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

8%

Payout Ratio

Does 1047 pay a reliable dividends?

See 1047 dividend history and benchmarks
When do you need to buy 1047 by to receive an upcoming dividend?
Ngai Hing Hong dividend dates
Ex Dividend DateNov 23 2021
Dividend Pay DateDec 10 2021
Days until Ex dividend36 days
Days until Dividend pay date53 days

Does 1047 pay a reliable dividends?

See 1047 dividend history and benchmarks

Valuation

Is Ngai Hing Hong undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1047 (HK$0.65) is trading below our estimate of fair value (HK$4.39)

Significantly Below Fair Value: 1047 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1047 is good value based on its PE Ratio (2.7x) compared to the Hong Kong Chemicals industry average (7.9x).

PE vs Market: 1047 is good value based on its PE Ratio (2.7x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1047's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1047 is good value based on its PB Ratio (0.4x) compared to the HK Chemicals industry average (0.8x).


Future Growth

How is Ngai Hing Hong forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.3%

Forecasted Materials 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 Ngai Hing Hong 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 Ngai Hing Hong performed over the past 5 years?

19.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1047 has high quality earnings.

Growing Profit Margin: 1047 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 1047 has become profitable over the past 5 years, growing earnings by 19.2% per year.

Accelerating Growth: 1047 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 1047 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (60.9%).


Return on Equity

High ROE: 1047's Return on Equity (15.5%) is considered low.


Financial Health

How is Ngai Hing Hong's financial position?


Financial Position Analysis

Short Term Liabilities: 1047's short term assets (HK$793.1M) exceed its short term liabilities (HK$473.5M).

Long Term Liabilities: 1047's short term assets (HK$793.1M) exceed its long term liabilities (HK$8.5M).


Debt to Equity History and Analysis

Debt Level: 1047's debt to equity ratio (51.6%) is considered high.

Reducing Debt: 1047's debt to equity ratio has reduced from 61.7% to 51.6% over the past 5 years.

Debt Coverage: 1047's debt is well covered by operating cash flow (37.1%).

Interest Coverage: 1047's interest payments on its debt are well covered by EBIT (15x coverage).


Balance Sheet


Dividend

What is Ngai Hing Hong current dividend yield, its reliability and sustainability?

3.08%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 18 2021Ex Dividend DateNov 23 2021Dividend Pay DateDec 10 202117 days from Ex DividendBuy in the next 36 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 1047's dividend (3.08%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 1047's dividend (3.08%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).


Stability and Growth of Payments

Stable Dividend: 1047's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1047's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (8.2%), 1047's dividend payments are thoroughly 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?

3.8yrs

Average board tenure


CEO

Kwok Kwong Hui (72 yo)

no data

Tenure

HK$4,262,000

Compensation

Mr. Kwok Kwong Hui is a Co-founder of Ngai Hing Hong Co. Ltd. and serves as its Deputy Chairman and Managing Director. Mr. Hui is responsible for the overall operations and administration of Ngai Hing Hong...


CEO Compensation Analysis

Compensation vs Market: Kwok Kwong's total compensation ($USD547.92K) is above average for companies of similar size in the Hong Kong market ($USD230.47K).

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


Board Members

Experienced Board: 1047's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 1047 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

Ngai Hing Hong Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Ngai Hing Hong Company Limited
  • Ticker: 1047
  • Exchange: SEHK
  • Founded: 1970
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: HK$239.980m
  • Shares outstanding: 369.20m
  • Website: https://www.nhh.com.hk

Number of Employees


Location

  • Ngai Hing Hong Company Limited
  • Unit 3, Hopeful Factory Centre
  • 6th Floor
  • Sha Tin
  • 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 Analysis2021/10/17 10:04
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.