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.

Risks

  • Come Sure Group (Holdings) has significant price volatility in the past 3 months.
  • Come Sure Group (Holdings) is not covered by any analysts.

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

-3.3%

SEHK:794

0.7%

HK Packaging

2.5%

HK Market


1 Year Return

-22.7%

SEHK:794

-22.2%

HK Packaging

-3.9%

HK Market

794 matched the Packaging industry (-22.2%) over the past year.

794 underperformed the Market in Hong Kong which returned -3.9% over the past year.


Share holder returns

794IndustryMarket
7 Day-3.3%0.7%2.5%
30 Day5.5%-1.4%6.9%
90 Day-21.6%-6.5%0.8%
1 Year-22.7%-22.7%-17.7%-22.2%-0.4%-3.9%
3 Year-11.2%-18.3%-29.3%-37.0%19.6%7.6%
5 Year-27.4%-37.6%-20.7%-35.3%17.7%-1.7%

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 based on future cash flows and its price relative to the stock market?

4.99x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Come Sure Group (Holdings)'s share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Come Sure Group (Holdings)'s share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Come Sure Group (Holdings) is good value based on earnings compared to the HK Packaging industry average.

Come Sure Group (Holdings) is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Come Sure Group (Holdings), we can't assess if its growth is good value.


Price Based on Value of Assets

Come Sure Group (Holdings) is good value based on assets compared to the HK Packaging industry average.


Next Steps

Future Growth

How is Come Sure Group (Holdings) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Come Sure Group (Holdings) is high growth as no revenue estimate data is available.

Come Sure Group (Holdings)'s earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).

Unable to compare Come Sure Group (Holdings)'s revenue growth to the Hong Kong market average as no estimate data is available.

Come Sure Group (Holdings)'s earnings growth is expected to exceed the Hong Kong market average.

Come Sure Group (Holdings)'s earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Come Sure Group (Holdings) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Come Sure Group (Holdings) has delivered over 20% year on year earnings growth in the past 5 years.

Come Sure Group (Holdings)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.

Come Sure Group (Holdings)'s 1-year earnings growth is negative, it can't be compared to the HK Packaging industry average.


Return on Equity

Come Sure Group (Holdings) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Come Sure Group (Holdings) used its assets less efficiently than the HK Packaging industry average last year based on Return on Assets.


Return on Capital Employed

Come Sure Group (Holdings) has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Come Sure Group (Holdings)'s financial position?


Financial Position Analysis

Come Sure Group (Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Come Sure Group (Holdings)'s cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Come Sure Group (Holdings)'s level of debt (62.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (63.4% vs 62.7% today).

Debt is not well covered by operating cash flow (6.7%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.6x coverage).


Balance Sheet

High level of physical assets or inventory.

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?

6.90%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Come Sure Group (Holdings) before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Come Sure Group (Holdings)'s pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.19%).

Come Sure Group (Holdings)'s dividend is above the markets top 25% of dividend payers in Hong Kong (6.06%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.9x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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?

10.6yrs

Average board tenure


CEO

Wa Pan Chong (47yo)

8.2yrs

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

Wa Pan's remuneration is higher than average for companies of similar size in Hong Kong.

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

10.6yrs

Average Tenure

48yo

Average Age

The average tenure for the Come Sure Group (Holdings) board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


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: 8.2yrs
    • 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: 2.7yrs

Board Members

  • Yuen Chau (71yo)

    Independent Non-Executive Director

    • Tenure: 10.6yrs
    • 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: 8.2yrs
    • Compensation: HK$4.91m
  • Pui Man Tsui (62yo)

    Independent Non-Executive Director

    • Tenure: 10.6yrs
    • Compensation: HK$120.00k
  • Tze Lun Law (47yo)

    Independent Non-Executive Director

    • Tenure: 10.6yrs
    • 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$203.680m
  • Shares outstanding: 351.17m
  • 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 Analysis2019/09/15 12:54
End of Day Share Price2019/09/13 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.