SEHK:450

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Hung Hing Printing Group

Executive Summary

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


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has Hung Hing Printing Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 450 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

450

1.2%

HK Packaging

9.1%

HK Market


1 Year Return

-2.9%

450

-23.9%

HK Packaging

0.9%

HK Market

Return vs Industry: 450 exceeded the Hong Kong Packaging industry which returned -23.9% over the past year.

Return vs Market: 450 underperformed the Hong Kong Market which returned 0.9% over the past year.


Shareholder returns

450IndustryMarket
7 Day0%1.2%9.1%
30 Day5.3%-0.7%8.2%
90 Day-6.5%1.2%13.8%
1 Year7.2%-2.9%-20.4%-23.9%4.6%0.9%
3 Year-20.5%-42.9%-41.4%-48.1%13.1%1.4%
5 Year49.4%0%-43.2%-53.4%10.8%-7.1%

Price Volatility Vs. Market

How volatile is Hung Hing Printing Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

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) is trading below our estimate of fair value (HK$8.03)

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


Price To Earnings Ratio

PE vs Industry: 450 is good value based on its PE Ratio (11.8x) compared to the Packaging industry average (14.3x).

PE vs Market: 450 is poor value based on its PE Ratio (11.8x) compared to the Hong Kong market (10.5x).


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 (0.3x) compared to the HK Packaging industry average (0.6x).


Next Steps

Future Growth

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

20.0%

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.


Next Steps

Past Performance

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

22.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 450 has high quality earnings.

Growing Profit Margin: 450 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 450's earnings have grown significantly by 22.7% per year over the past 5 years.

Accelerating Growth: 450 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 450 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Packaging industry (-11%).


Return on Equity

High ROE: 450's Return on Equity (2.1%) is considered low.


Next Steps

Financial Health

How is Hung Hing Printing Group's financial position?


Financial Position Analysis

Short Term Liabilities: 450's short term assets (HK$2.5B) exceed its short term liabilities (HK$494.2M).

Long Term Liabilities: 450's short term assets (HK$2.5B) exceed its long term liabilities (HK$99.8M).


Debt to Equity History and Analysis

Debt Level: 450's debt to equity ratio (4%) is considered satisfactory.

Reducing Debt: 450's debt to equity ratio has reduced from 17% to 4% over the past 5 years.

Debt Coverage: 450's debt is well covered by operating cash flow (185.3%).

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


Balance Sheet


Next Steps

Dividend

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

10.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 450's dividend (10%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).

High Dividend: 450's dividend (10%) is in the top 25% of dividend payers in the Hong Kong market (6.54%)


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 (71%), 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?

9.8yrs

Average board tenure


CEO

Matthew Yum (62yo)

no data

Tenure

HK$9,682,000

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 ($USD1.25M) is above average for companies of similar size in the Hong Kong market ($USD227.60K).

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


Board Members

NamePositionTenureCompensationOwnership
Chak Ming Yum
Executive Chairman & CEOno dataHK$9.68m5.17% HK$46.9m
Chee Keung Sung
Executive Director of Consumer Product Packaging & Executive Director11.83yrsHK$3.30m0.26% HK$2.3m
Koon Hoo Luk
Independent Non-Executive Director11.92yrsHK$250.00kno data
Hon Ming Yam
Non-Executive Director8.25yrsHK$250.00kno data
Alfred Donald Yap
Independent Non-Executive Director15.33yrsHK$250.00k0.0031% HK$27.8k
Chi Hong Lo
Independent Non-Executive Director10.92yrsHK$250.00kno data
Hirofumi Hori
Non-Executive Director5.67yrsHK$250.00kno data
Yoshihisa Suzuki
Non-Executive Director3.33yrsHK$550.00kno data
Masashi Nakashima
Non-Executive Director1.17yrsHK$151.00kno data

9.8yrs

Average Tenure

62yo

Average Age

Experienced Board: 450's board of directors are considered experienced (9.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: 450 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 company bio, 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$907.587m
  • Shares outstanding: 898.60m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
450SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 1992

Biography

Hung Hing Printing Group Limited, an investment holding company engages in the book and package printing, consumer product packaging, and corrugated box and paper trading in the People’s Republic of China, Hong Kong, Europe, the United States, and internationally. It produces corrugated packaging; prints and produces cards and social stationery items, including diaries, gift sets and bags, and greetings cards; and children's and conventional books. The company also offers 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. In addition, it engages in the trading of paper and corrugated carton boxes; and printing and manufacturing of paper cartons, as well as provision of selling and purchasing agency services. Hung Hing Printing Group Limited was founded in 1950 and is headquartered in Tai Po, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/07 12:42
End of Day Share Price2020/07/07 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.