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450

Hung Hing Printing GroupSEHK:450 Stock Report

Market Cap

HK$1.2b

7D

-1.5%

1Y

29.3%

Updated

20 Oct, 2021

Data

Company Financials
450 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends3/6

450 Overview

Hung Hing Printing Group Limited, an investment holding company, engages in book and package printing, consumer product packaging, corrugated box, and paper trading in the People’s Republic of China, the United States, the United Kingdom, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Hung Hing Printing Group
Historical stock prices
Current Share PriceHK$1.28
52 Week HighHK$0.97
52 Week LowHK$1.44
Beta0.57
1 Month Change-5.88%
3 Month Change-2.29%
1 Year Change29.29%
3 Year Change13.27%
5 Year Change36.17%
Change since IPO-18.99%

Recent News & Updates

Sep 13
Hung Hing Printing Group's (HKG:450) Shareholders Will Receive A Bigger Dividend Than Last Year

Hung Hing Printing Group's (HKG:450) Shareholders Will Receive A Bigger Dividend Than Last Year

Hung Hing Printing Group Limited's ( HKG:450 ) dividend will be increasing to HK$0.04 on 21st of October. This takes...

Aug 27
Hung Hing Printing Group's (HKG:450) Upcoming Dividend Will Be Larger Than Last Year's

Hung Hing Printing Group's (HKG:450) Upcoming Dividend Will Be Larger Than Last Year's

Hung Hing Printing Group Limited ( HKG:450 ) will increase its dividend on the 21st of October to HK$0.04. This makes...

Shareholder Returns

450HK PackagingHK Market
7D-1.5%-0.2%3.1%
1Y29.3%4.8%6.2%

Return vs Industry: 450 exceeded the Hong Kong Packaging industry which returned 5.7% over the past year.

Return vs Market: 450 exceeded the Hong Kong Market which returned 6.6% over the past year.

Price Volatility

Is 450's price volatile compared to industry and market?
450 volatility
450 Beta0.57
Industry Beta0.70
Market Beta1

Stable Share Price: 450 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 450's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19508,111Matthew Yumhttps://www.hunghingprinting.com

Hung Hing Printing Group Limited, an investment holding company, engages in book and package printing, consumer product packaging, corrugated box, and paper trading in the People’s Republic of China, the United States, the United Kingdom, and internationally. It produces corrugated packaging; prints and produces cards and social stationery items, including diaries, gift sets and bags, and greetings cards; and produces children's and conventional books. The company also offers litholam packaging; novelty items, such as pop-ups, paper mechanisms, pull tabs, and novelty additions or reactive inks; luxury packaging comprising chocolate boxes, cosmetics, fine bone china, and spirits; printed corrugate cartons, flat packs, POS, and POP; prepress services, including film, and color separation and proof production services for packaging, books, magazines, posters, and other paper products; and paper trading services, as well as operates BELUGA, a boutique digital service provider.

Hung Hing Printing Group Fundamentals Summary

How do Hung Hing Printing Group's earnings and revenue compare to its market cap?
450 fundamental statistics
Market CapHK$1.15b
Earnings (TTM)HK$140.92m
Revenue (TTM)HK$2.96b

8.2x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
450 income statement (TTM)
RevenueHK$2.96b
Cost of RevenueHK$2.49b
Gross ProfitHK$462.88m
ExpensesHK$321.96m
EarningsHK$140.92m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.16
Gross Margin15.66%
Net Profit Margin4.77%
Debt/Equity Ratio3.7%

How did 450 perform over the long term?

See historical performance and comparison

Dividends

10.9%

Current Dividend Yield

51%

Payout Ratio

Valuation

Is Hung Hing Printing Group 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: 450 (HK$1.28) is trading below our estimate of fair value (HK$2.66)

Significantly Below Fair Value: 450 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 450's PE Ratio (8.2x) is in line with the Hong Kong Packaging industry average.

PE vs Market: 450 is good value based on its PE Ratio (8.2x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 450's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 450 is good value based on its PB Ratio (0.4x) compared to the HK Packaging industry average (0.6x).


Future Growth

How is Hung Hing Printing Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

31.8%

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 Hung Hing Printing 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 Hung Hing Printing Group performed over the past 5 years?

-18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 450 has high quality earnings.

Growing Profit Margin: 450's current net profit margins (4.8%) are higher than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: 450's earnings have declined by 18.6% per year over the past 5 years.

Accelerating Growth: 450's earnings growth over the past year (86.2%) exceeds its 5-year average (-18.6% per year).

Earnings vs Industry: 450 earnings growth over the past year (86.2%) exceeded the Packaging industry 31.8%.


Return on Equity

High ROE: 450's Return on Equity (4.1%) is considered low.


Financial Health

How is Hung Hing Printing Group's financial position?


Financial Position Analysis

Short Term Liabilities: 450's short term assets (HK$2.9B) exceed its short term liabilities (HK$736.2M).

Long Term Liabilities: 450's short term assets (HK$2.9B) exceed its long term liabilities (HK$280.3M).


Debt to Equity History and Analysis

Debt Level: 450's debt to equity ratio (3.7%) is considered satisfactory.

Reducing Debt: 450's debt to equity ratio has reduced from 10.9% to 3.7% over the past 5 years.

Debt Coverage: 450's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 450 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Hung Hing Printing Group current dividend yield, its reliability and sustainability?

10.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 450's dividend (10.94%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).

High Dividend: 450's dividend (10.94%) is in the top 25% of dividend payers in the Hong Kong market (6.78%)


Stability and Growth of Payments

Stable Dividend: 450's dividend payments have been volatile in the past 10 years.

Growing Dividend: 450's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.3%), 450's dividend payments are 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?

11.1yrs

Average board tenure


CEO

Matthew Yum (63 yo)

no data

Tenure

HK$8,787,000

Compensation

Mr. Chak Ming Yum, also known as Matthew, served as the Managing Director at Hung Hing Printing Group Ltd. from 1991 to September 1, 2010. Mr. Yum was responsible for the overall management of the Group.H...


CEO Compensation Analysis

Compensation vs Market: Matthew's total compensation ($USD1.13M) is above average for companies of similar size in the Hong Kong market ($USD226.12K).

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


Board Members

Experienced Board: 450's board of directors are seasoned and experienced ( 11.1 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

Hung Hing Printing Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Hung Hing Printing Group Limited
  • Ticker: 450
  • Exchange: SEHK
  • Founded: 1950
  • Industry: Paper Packaging
  • Sector: Materials
  • Market Cap: HK$1.153b
  • Shares outstanding: 900.86m
  • Website: https://www.hunghingprinting.com

Number of Employees


Location

  • Hung Hing Printing Group Limited
  • Hung Hing Printing Centre
  • 17-19 Dai Hei Street
  • Tai Po
  • 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 Analysis2021/10/20 15:15
End of Day Share Price2021/10/20 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.