Executive Summary
Come Sure Group (Holdings) Limited, an investment holding company, engages in the manufacture and sale of corrugated paperboards and paper-based packaging products in the People’s Republic of China, Hong Kong, and Macau.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with excellent balance sheet.
Similar Companies
Share Price & News
How has Come Sure Group (Holdings)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 794 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
14.9%
794
1.2%
HK Packaging
4.1%
HK Market
1 Year Return
-31.5%
794
-25.3%
HK Packaging
-5.2%
HK Market
Return vs Industry: 794 underperformed the Hong Kong Packaging industry which returned -25.1% over the past year.
Return vs Market: 794 underperformed the Hong Kong Market which returned -6.5% over the past year.
Shareholder returns
| 794 | Industry | Market | |
|---|---|---|---|
| 7 Day | 14.9% | 1.2% | 4.1% |
| 30 Day | -2.0% | -1.9% | 3.5% |
| 90 Day | -10.7% | -10.4% | -5.3% |
| 1 Year | -26.4%-31.5% | -20.2%-25.3% | -2.0%-5.2% |
| 3 Year | -12.8%-25.4% | -47.3%-52.6% | -0.4%-10.6% |
| 5 Year | -32.8%-46.2% | -53.1%-60.6% | -9.0%-23.3% |
Price Volatility Vs. Market
How volatile is Come Sure Group (Holdings)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should You Buy Come Sure Group (Holdings) Limited (HKG:794) For Its Dividend?3 weeks ago | Simply Wall St
If You Had Bought Come Sure Group (Holdings) (HKG:794) Stock Five Years Ago, You'd Be Sitting On A 56% Loss, Today1 month ago | Simply Wall St
Shareholders Should Look Hard At Come Sure Group (Holdings) Limited’s (HKG:794) 7.0%Return On CapitalValuation
Is Come Sure Group (Holdings) 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: 794 (HK$0.5) is trading below our estimate of fair value (HK$2.37)
Significantly Below Fair Value: 794 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 794 is good value based on its PE Ratio (4.3x) compared to the Packaging industry average (11x).
PE vs Market: 794 is good value based on its PE Ratio (4.3x) compared to the Hong Kong market (9.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 794's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 794 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 Come Sure Group (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
19.5%
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 Come Sure Group (Holdings) 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
- Examine whether Come Sure Group (Holdings) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Come Sure Group (Holdings) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Come Sure Group (Holdings) performed over the past 5 years?
25.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 794 has a large one-off gain of HK$7.7M impacting its September 30 2019 financial results.
Growing Profit Margin: 794's current net profit margins (3.9%) are lower than last year (5%).
Past Earnings Growth Analysis
Earnings Trend: 794's earnings have grown significantly by 25.8% per year over the past 5 years.
Accelerating Growth: 794's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 794 had negative earnings growth (-37.4%) over the past year, making it difficult to compare to the Packaging industry average (-6.3%).
Return on Equity
High ROE: 794's Return on Equity (6.3%) is considered low.
Next Steps
Financial Health
How is Come Sure Group (Holdings)'s financial position?
Financial Position Analysis
Short Term Liabilities: 794's short term assets (HK$639.0M) exceed its short term liabilities (HK$528.2M).
Long Term Liabilities: 794's short term assets (HK$639.0M) exceed its long term liabilities (HK$95.7M).
Debt to Equity History and Analysis
Debt Level: 794's debt to equity ratio (51%) is considered high.
Reducing Debt: 794's debt to equity ratio has reduced from 67.2% to 51% over the past 5 years.
Debt Coverage: 794's debt is well covered by operating cash flow (29.8%).
Interest Coverage: 794's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Come Sure Group (Holdings)'s current dividend yield, its reliability and sustainability?
8.00%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 794's dividend (8%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.5%).
High Dividend: 794's dividend (8%) is in the top 25% of dividend payers in the Hong Kong market (7.2%)
Stability and Growth of Payments
Stable Dividend: 794's dividend payments have been volatile in the past 10 years.
Growing Dividend: 794's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34%), 794's dividend payments are 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?
11.3yrs
Average board tenure
CEO
Wa Pan Chong (47yo)
8.92yrs
Tenure
HK$4,908,000
Compensation
Mr. Wa Pan Chong has been the Chief Executive Officer and President of Come Sure Group (Holdings) Limited since July 13, 2011. Mr. Chong served as the Managing Director of Come Sure Group (Holdings) Limite ...
CEO Compensation Analysis
Compensation vs Market: Wa Pan's total compensation ($USD633.22K) is above average for companies of similar size in the Hong Kong market ($USD226.43K).
Compensation vs Earnings: Wa Pan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | no data | HK$6.81m | no data | |
| CEO, President & Executive Director | 8.92yrs | HK$4.91m | no data | |
| Executive Director | no data | HK$3.79m | no data | |
| Supervisor of Come Sure (Shenzhen) Company Ltd & Director of Huizhou Come Sure Packing Company Ltd | no data | no data | no data | |
| Independent Non-Executive Director | 11.33yrs | HK$120.00k | no data | |
| Independent Non-Executive Director | 11.33yrs | HK$120.00k | no data | |
| Independent Non-Executive Director | 11.33yrs | HK$120.00k | no data |
11.3yrs
Average Tenure
48yo
Average Age
Experienced Board: 794's board of directors are seasoned and experienced ( 11.3 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
Come Sure Group (Holdings) Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Come Sure Group (Holdings) Limited
- Ticker: 794
- Exchange: SEHK
- Founded: 2006
- Industry: Paper Packaging
- Sector: Materials
- Market Cap: HK$166.684m
- Shares outstanding: 347.26m
- Website: https://www.comesure.com
Number of Employees
Location
- Come Sure Group (Holdings) Limited
- Cornell Centre
- 8th Floor
- Chai Wan
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 794 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Feb 2009 |
| 0CS | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Feb 2009 |
Biography
Come Sure Group (Holdings) Limited, an investment holding company, engages in the manufacture and sale of corrugated paperboards and paper-based packaging products in the People’s Republic of China, Hong Kong, and Macau. The company operates in three segments: Corrugated Products, Offset Printed Corrugated Products, and Properties Leasing. It also provides offset printed corrugated paper-based packaging products; holds investment properties; and offers management services. In addition, the company produces and trades in molded pulp products, and corrugated paperboard and paper-based packaging products; trades in raw papers and production supplies; and develops online games. The company was incorporated in 2006 and is headquartered in Chai Wan, Hong Kong. Come Sure Group (Holdings) Limited is a subsidiary of Perfect Group Version Limited.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/03 13:09 |
| End of Day Share Price | 2020/06/03 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.