SEHK:794

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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 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

794IndustryMarket
7 Day14.9%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

Valuation

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

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

NamePositionTenureCompensationOwnership
Kam Chau Chong
Founder & Chairman of the Boardno dataHK$6.81mno data
Wa Pan Chong
CEO, President & Executive Director8.92yrsHK$4.91mno data
Wa Ching Chong
Executive Directorno dataHK$3.79mno data
Wa Nam Chong
Supervisor of Come Sure (Shenzhen) Company Ltd & Director of Huizhou Come Sure Packing Company Ltdno datano datano data
On Ta Chau
Independent Non-Executive Director11.33yrsHK$120.00kno data
Pui Man Tsui
Independent Non-Executive Director11.33yrsHK$120.00kno data
Tze Lun Law
Independent Non-Executive Director11.33yrsHK$120.00kno 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

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 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/03 13:09
End of Day Share Price2020/06/03 00:00
Earnings2019/09/30
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.