SEHK:794

Stock Analysis Report

Come Sure Group (Holdings)

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.

Snowflake

Fundamentals

Adequate balance sheet and fair value.


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


Market Performance


7 Day Return

0%

794

1.3%

HK Packaging

0.3%

HK Market


1 Year Return

-14.3%

794

-20.4%

HK Packaging

1.3%

HK Market

Return vs Industry: 794 exceeded the Hong Kong Packaging industry which returned -20.4% over the past year.

Return vs Market: 794 underperformed the Hong Kong Market which returned 1.3% over the past year.


Shareholder returns

794IndustryMarket
7 Day0%1.3%0.3%
30 Day5.3%0.2%0.5%
90 Day-3.2%-11.1%-4.6%
1 Year-7.9%-14.3%-15.4%-20.4%4.9%1.3%
3 Year-5.3%-18.9%-30.5%-38.0%15.3%3.7%
5 Year-6.3%-25.0%-20.0%-35.4%20.0%-0.006%

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

Valuation

Is Come Sure Group (Holdings) undervalued compared to its fair value and its price relative to the market?

5.17x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 794 (HK$0.6) is trading above our estimate of fair value (HK$0.51)

Significantly Below Fair Value: 794 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 794 is good value based on its PE Ratio (5.2x) compared to the Packaging industry average (12.8x).

PE vs Market: 794 is good value based on its PE Ratio (5.2x) compared to the Hong Kong market (10.3x).


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?

10.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 794's forecast earnings growth (10% per year) is above the savings rate (2%).

Earnings vs Market: 794's earnings (10% per year) are forecast to grow slower than the Hong Kong market (11.1% per year).

High Growth Earnings: 794's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 794's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 794's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 794's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Come Sure Group (Holdings) performed over the past 5 years?

21.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 794's earnings have grown significantly by 21% 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 (-56.5%) over the past year, making it difficult to compare to the Packaging industry average (-9.4%).


Return on Equity

High ROE: 794's Return on Equity (6.5%) is considered low.


Return on Assets

ROA vs Industry: 794's Return on Assets is below or equal to the Packaging industry average last year.


Return on Capital Employed

ROCE Improving: 794 has significantly improved its Return on Capital Employed over the past 3 years.


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$682.9M) exceeds its short term liabilities (HK$561.5M)

Long Term Liabilities: 794's short term assets (682.9M) exceeds its long term liabilities (18.7M)


Debt to Equity History and Analysis

Debt Level: 794's debt to equity ratio (62.7%) is considered high

Reducing Debt: 794's debt to equity ratio has reduced from 63.4% to 62.7% over the past 5 years.

Debt Coverage: 794's debt is not well covered by operating cash flow (6.7%).

Interest Coverage: 794's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet

Inventory Level: 794 has a high level of physical assets or inventory.

Debt Coverage by Assets: 794's debt is covered by short term assets (assets are 1.7x debt).


Next Steps

Dividend

What is Come Sure Group (Holdings)'s current dividend yield, its reliability and sustainability?

6.67%

Current Dividend Yield


Dividend Yield vs Market

company6.7%marketbottom25%2.3%markettop25%6.2%industryaverage5.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 794's dividend (6.67%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 794's dividend (6.67%) is in the top 25% of dividend payers in the Hong Kong market (6.18%)

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 (34.4%), 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

What is the CEO of Come Sure Group (Holdings)'s salary, the management and board of directors tenure and is there insider trading?

10.7yrs

Average board tenure


CEO

Wa Pan Chong (47yo)

8.3yrs

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 ($USD625.82K) is about average for companies of similar size in the Hong Kong market ($USD215.97K).

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 Age and Tenure

10.7yrs

Average Tenure

48yo

Average Age

Experienced Board: 794's board of directors are seasoned and experienced ( 10.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyHK$98,56114 Aug 19
The Chong Family Trust
EntityCompany
Shares162,000
Max PriceHK$0.61
BuyHK$184,19213 Aug 19
The Chong Family Trust
EntityCompany
Shares320,000
Max PriceHK$0.58
BuyHK$1,778,35422 Jan 19
The Chong Family Trust
EntityCompany
Shares2,226,000
Max PriceHK$0.80

Ownership Breakdown


Management Team

  • Kam Chau Chong (72yo)

    Founder & Chairman of the Board

    • Tenure: 0yrs
    • Compensation: HK$6.81m
  • Wa Ching Chong (42yo)

    Executive Director

    • Tenure: 0yrs
    • Compensation: HK$3.79m
  • Wa Pan Chong (47yo)

    CEO, President & Executive Director

    • Tenure: 8.3yrs
    • Compensation: HK$4.91m
  • Wa Nam Chong (48yo)

    Supervisor of Come Sure (Shenzhen) Company Ltd & Director of Huizhou Come Sure Packing Company Ltd

    • Tenure: 0yrs
  • Eric Luk (43yo)

    Finance Controller

    • Tenure: 0yrs
    • Compensation: HK$268.00k
  • Yuk Wan Bok (37yo)

    Company Secretary

    • Tenure: 2.8yrs

Board Members

  • Yuen Chau (71yo)

    Independent Non-Executive Director

    • Tenure: 10.7yrs
    • Compensation: HK$120.00k
  • Kam Chau Chong (72yo)

    Founder & Chairman of the Board

    • Tenure: 0yrs
    • Compensation: HK$6.81m
  • Wa Ching Chong (42yo)

    Executive Director

    • Tenure: 0yrs
    • Compensation: HK$3.79m
  • Wa Pan Chong (47yo)

    CEO, President & Executive Director

    • Tenure: 8.3yrs
    • Compensation: HK$4.91m
  • Pui Man Tsui (62yo)

    Independent Non-Executive Director

    • Tenure: 10.7yrs
    • Compensation: HK$120.00k
  • Tze Lun Law (47yo)

    Independent Non-Executive Director

    • Tenure: 10.7yrs
    • Compensation: HK$120.00k
  • Wa Nam Chong (48yo)

    Supervisor of Come Sure (Shenzhen) Company Ltd & Director of Huizhou Come Sure Packing Company Ltd

    • Tenure: 0yrs

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$210.376m
  • Shares outstanding: 350.63m
  • Website: https://www.comesure.com

Number of Employees


Location

  • Come Sure Group (Holdings) Limited
  • Cornell Centre
  • 8th Floor
  • Chai Wan
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
794SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDFeb 2009
0CSDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 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 K ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 12:50
End of Day Share Price2019/10/22 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.