SEHK:3626

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Hang Sang (Siu Po) International Holding

Executive Summary

Hang Sang (Siu Po) International Holding Company Limited manufactures and sells apparel labels and packaging printing products to garment manufacturers, garment related accessories trading companies, and garment brand companies.


Snowflake Analysis

Flawless balance sheet unattractive dividend payer.

Share Price & News

How has Hang Sang (Siu Po) International Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3626 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

3626

-0.4%

HK Packaging

1.2%

HK Market


1 Year Return

-31.8%

3626

-16.7%

HK Packaging

5.4%

HK Market

Return vs Industry: 3626 underperformed the Hong Kong Packaging industry which returned -16.7% over the past year.

Return vs Market: 3626 underperformed the Hong Kong Market which returned 5.4% over the past year.


Shareholder returns

3626IndustryMarket
7 Day0%-0.4%1.2%
30 Day-3.2%5.0%-2.7%
90 Day-11.8%-3.2%6.9%
1 Year-27.5%-31.8%-12.8%-16.7%9.7%5.4%
3 Year-65.8%-69.2%-32.7%-41.4%3.5%-7.6%
5 Yearn/a-34.9%-47.1%12.0%-6.8%

Price Volatility Vs. Market

How volatile is Hang Sang (Siu Po) International Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hang Sang (Siu Po) International Holding undervalued compared to its fair value and its price relative to the market?

259.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 3626 (HK$0.6) is trading above our estimate of fair value (HK$0.13)

Significantly Below Fair Value: 3626 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3626 is poor value based on its PE Ratio (259.9x) compared to the HK Packaging industry average (11.9x).

PE vs Market: 3626 is poor value based on its PE Ratio (259.9x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3626's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3626 is overvalued based on its PB Ratio (1.3x) compared to the HK Packaging industry average (0.7x).


Next Steps

Future Growth

How is Hang Sang (Siu Po) International Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.5%

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 Hang Sang (Siu Po) International Holding 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.


Next Steps

Past Performance

How has Hang Sang (Siu Po) International Holding performed over the past 5 years?

-32.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3626 has high quality earnings.

Growing Profit Margin: 3626's current net profit margins (0.5%) are lower than last year (10.7%).


Past Earnings Growth Analysis

Earnings Trend: 3626's earnings have declined by 32.7% per year over the past 5 years.

Accelerating Growth: 3626's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3626 had negative earnings growth (-95.9%) over the past year, making it difficult to compare to the Packaging industry average (-12.1%).


Return on Equity

High ROE: 3626's Return on Equity (0.5%) is considered low.


Next Steps

Financial Health

How is Hang Sang (Siu Po) International Holding's financial position?


Financial Position Analysis

Short Term Liabilities: 3626's short term assets (HK$78.3M) exceed its short term liabilities (HK$9.3M).

Long Term Liabilities: 3626's short term assets (HK$78.3M) exceed its long term liabilities (HK$3.6M).


Debt to Equity History and Analysis

Debt Level: 3626 is debt free.

Reducing Debt: 3626 has no debt compared to 5 years ago when its debt to equity ratio was 39%.

Debt Coverage: 3626 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 3626 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Hang Sang (Siu Po) International Holding current dividend yield, its reliability and sustainability?

8.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3626's dividend (8.33%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 3626's dividend (8.33%) is in the top 25% of dividend payers in the Hong Kong market (6.85%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 3626 has been paying a dividend for less than 10 years.

Growing Dividend: 3626 has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (2165.4%), 3626'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?

4.7yrs

Average management tenure


CEO

Samson Fung (60 yo)

4.67yrs

Tenure

HK$2,158,000

Compensation

Mr. Man Wai Fung, also known as Samson, has been Chairman and Chief Executive Officer of Hang Sang (Siu Po) International Holding Company Limited since December 1, 2015 and has been its Executive Director ...


CEO Compensation Analysis

Compensation vs Market: Samson's total compensation ($USD278.44K) is about average for companies of similar size in the Hong Kong market ($USD230.44K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Man Wai Fung
Chairman & CEO4.67yrsHK$2.16mno data
Man Kam Fung
Senior VP & Executive Director4.83yrsHK$2.16mno data
Kar Chue Fung
VP & Executive Director4.83yrsHK$1.26mno data
Kit Chung Li
CFO & Company Secretary4.67yrsno datano data
Ka Lin Kwok
Accounting Manager4.83yrsno datano data
Kong Fai Ho
Administrative Manager19.83yrsno datano data
Po Ying Chau
Sales Managerno datano datano data

4.7yrs

Average Tenure

49yo

Average Age

Experienced Management: 3626's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Man Wai Fung
Chairman & CEO4.67yrsHK$2.16mno data
Man Kam Fung
Senior VP & Executive Director4.83yrsHK$2.16mno data
Kar Chue Fung
VP & Executive Director4.83yrsHK$1.26mno data
Yu Loke
Independent Non-Executive Director4.33yrsHK$120.00kno data
Ting Yee Sung
Independent Non-Executive Director4.33yrsHK$120.00kno data
Po Yee Fung
Independent Non-Executive Director4.33yrsHK$120.00kno data

4.5yrs

Average Tenure

48.5yo

Average Age

Experienced Board: 3626's board of directors are considered experienced (4.5 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

Hang Sang (Siu Po) International Holding Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hang Sang (Siu Po) International Holding Company Limited
  • Ticker: 3626
  • Exchange: SEHK
  • Founded: 1997
  • Industry: Paper Packaging
  • Sector: Materials
  • Market Cap: HK$110.400m
  • Shares outstanding: 184.00m
  • Website: https://www.hangsangpress.com

Number of Employees


Location

  • Hang Sang (Siu Po) International Holding Company Limited
  • Gee Hing Chang Industrial Building
  • 5th Floor
  • Cheung Sha Wan
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3626SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMay 2016

Biography

Hang Sang (Siu Po) International Holding Company Limited manufactures and sells apparel labels and packaging printing products to garment manufacturers, garment related accessories trading companies, and g ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/10 12:31
End of Day Share Price2020/08/07 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.