Executive Summary
Pico Far East Holdings Limited, an investment holding company, engages in the exhibition and event marketing services, visual branding experiences, museum, themed environment, interior and retail, conference and show management, and related businesses worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Pico Far East Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 752 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.1%
752
-6.3%
HK Media
1.6%
HK Market
1 Year Return
-20.3%
752
-13.3%
HK Media
6.0%
HK Market
Return vs Industry: 752 underperformed the Hong Kong Media industry which returned -9.5% over the past year.
Return vs Market: 752 underperformed the Hong Kong Market which returned 6.4% over the past year.
Shareholder returns
| 752 | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.1% | -6.3% | 1.6% |
| 30 Day | -6.5% | 2.4% | 4.5% |
| 90 Day | -10.1% | 10.6% | 8.8% |
| 1 Year | -16.7%-20.3% | -11.6%-13.3% | 9.9%6.0% |
| 3 Year | 6.8%-9.1% | -40.7%-48.8% | 27.7%14.7% |
| 5 Year | 74.7%32.0% | -51.7%-61.2% | 21.7%1.4% |
Price Volatility Vs. Market
How volatile is Pico Far East Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Is Pico Far East Holdings Limited’s (HKG:752) 13% ROCE Any Good?3 weeks ago | Simply Wall St
Pico Far East Holdings (HKG:752) Seems To Use Debt Quite Sensibly1 month ago | Simply Wall St
Is Pico Far East Holdings Limited's (HKG:752) P/E Ratio Really That Good?Valuation
Is Pico Far East Holdings undervalued compared to its fair value and its price relative to the market?
12.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 752 (HK$2.33) is trading below our estimate of fair value (HK$2.63)
Significantly Below Fair Value: 752 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 752 is good value based on its PE Ratio (10.8x) compared to the Media industry average (24.1x).
PE vs Market: 752 is poor value based on its PE Ratio (10.8x) compared to the Hong Kong market (10.5x).
Price to Earnings Growth Ratio
PEG Ratio: 752 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 752 is overvalued based on its PB Ratio (1.5x) compared to the HK Media industry average (0.9x).
Next Steps
Future Growth
How is Pico Far East Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
15.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 752's forecast earnings growth (15.5% per year) is above the savings rate (1.6%).
Earnings vs Market: 752's earnings (15.5% per year) are forecast to grow faster than the Hong Kong market (11.3% per year).
High Growth Earnings: 752's earnings are forecast to grow, but not significantly.
Revenue vs Market: 752's revenue (9% per year) is forecast to grow slower than the Hong Kong market (10.2% per year).
High Growth Revenue: 752's revenue (9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 752's Return on Equity is forecast to be low in 3 years time (16.5%).
Next Steps
Past Performance
How has Pico Far East Holdings performed over the past 5 years?
3.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 752 has high quality earnings.
Growing Profit Margin: 752's current net profit margins (5.5%) are lower than last year (6.3%).
Past Earnings Growth Analysis
Earnings Trend: 752's earnings have grown by 3.3% per year over the past 5 years.
Accelerating Growth: 752's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 752 had negative earnings growth (-6.6%) over the past year, making it difficult to compare to the Media industry average (-6.6%).
Return on Equity
High ROE: 752's Return on Equity (12.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Pico Far East Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 752's short term assets (HK$2.9B) exceed its short term liabilities (HK$2.0B).
Long Term Liabilities: 752's short term assets (HK$2.9B) exceed its long term liabilities (HK$455.5M).
Debt to Equity History and Analysis
Debt Level: 752's debt to equity ratio (23.2%) is considered satisfactory.
Reducing Debt: 752's debt to equity ratio has increased from 6.2% to 23.2% over the past 5 years.
Debt Coverage: 752's debt is well covered by operating cash flow (45.3%).
Interest Coverage: 752's interest payments on its debt are well covered by EBIT (4749.3x coverage).
Balance Sheet
Inventory Level: 752 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 752's debt is covered by short term assets (assets are 6x debt).
Next Steps
Dividend
What is Pico Far East Holdings's current dividend yield, its reliability and sustainability?
5.84%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 752's dividend (5.79%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.17%).
High Dividend: 752's dividend (5.79%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.02%).
Stability and Growth of Payments
Stable Dividend: 752's dividend payments have been volatile in the past 10 years.
Growing Dividend: 752's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (62.6%), 752's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 752's dividends in 3 years are forecast to be covered by earnings (61% payout ratio).
Next Steps
Management
What is the CEO of Pico Far East Holdings's salary, the management and board of directors tenure and is there insider trading?
17.1yrs
Average board tenure
CEO
Lawrence Chia (58yo)
0yrs
Tenure
HK$15,094,000
Compensation
Mr. Song Huat Chia, also known as Lawrence, serves as the Chief Executive Officer of Pico Far East Holdings Ltd. and has been its Chairman since 1994. Mr. Chia joined the Pico Far East Group in 1984. He ha ...
CEO Compensation Analysis
Compensation vs Market: Lawrence's total compensation ($USD1.94M) is above average for companies of similar size in the Hong Kong market ($USD340.45K).
Compensation vs Earnings: Lawrence's compensation has been consistent with company performance over the past year.
Board Age and Tenure
17.1yrs
Average Tenure
59yo
Average Age
Experienced Board: 752's board of directors are seasoned and experienced ( 17.1 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
| Entity | Company |
| Shares | 12,000 |
| Max Price | HK$2.41 |
| Entity | Company |
| Shares | 9,376 |
| Max Price | HK$2.65 |
| Entity | Company |
| Shares | 322,000 |
| Max Price | HK$2.50 |
| Entity | Company |
| Shares | 200,000 |
| Max Price | HK$2.71 |
| Entity | Company |
| Shares | 200,000 |
| Max Price | HK$2.72 |
| Entity | Company |
| Shares | 252,000 |
| Max Price | HK$2.64 |
| Entity | Company |
| Shares | 28,000 |
| Max Price | HK$2.29 |
| Entity | Company |
| Shares | 184,000 |
| Max Price | HK$2.32 |
| Entity | Company |
| Shares | 3,060,000 |
| Max Price | HK$2.75 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Peter Sng (61yo)
Regional Managing Director of (North America
Florence Tan (58yo)
Regional Managing Director (Japan
Albert Mok (55yo)
Executive Director
- Tenure: 9.8yrs
- Compensation: HK$2.35m
Jean Chia (45yo)
Executive Director & President of South East Asia
- Tenure: 3.9yrs
- Compensation: HK$5.94m
Lawrence Chia (58yo)
Chairman & CEO
- Compensation: HK$15.09m
James Chia (66yo)
Group President
- Compensation: HK$7.56m
Danny Ku (53yo)
Managing Director of World Image Group
Choon Yong (65yo)
Group Executive Vice President
- Compensation: HK$1.90m
Chiew Lim (43yo)
MD of (Pico Group) and Executive Director of (Pico Shanghai Pico London & Pico Dubai)
Victor Leung (51yo)
Senior VP – Operations Management (China region) & Executive Director of Pico Beijing
Board Members
Albert Mok (55yo)
Executive Director
- Tenure: 9.8yrs
- Compensation: HK$2.35m
Jean Chia (45yo)
Executive Director & President of South East Asia
- Tenure: 3.9yrs
- Compensation: HK$5.94m
Lawrence Chia (58yo)
Chairman & CEO
- Compensation: HK$15.09m
Greg Crichton (68yo)
Independent Non-Executive Director
- Tenure: 21.3yrs
- Compensation: HK$213.00k
Frank Lee (60yo)
Independent Non-Executive Director
- Tenure: 28yrs
- Compensation: HK$213.00k
Charlie Shi (57yo)
Independent Non-Executive Director
- Tenure: 17.1yrs
- Compensation: HK$243.00k
James Cunningham (65yo)
Independent Non-Executive Director
- Tenure: 15.3yrs
- Compensation: HK$213.00k
Siong Chia (72yo)
Honorary Chairman
Company Information
Pico Far East Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Pico Far East Holdings Limited
- Ticker: 752
- Exchange: SEHK
- Founded: 1969
- Industry: Advertising
- Sector: Media
- Market Cap: HK$2.860b
- Shares outstanding: 1.24b
- Website: https://www.pico.com
Number of Employees
Location
- Pico Far East Holdings Limited
- Pico House
- 4 Dai Fu Street
- Tai Po
- New Territories
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 752 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Oct 1992 |
| PJFB | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 1992 |
| PCOF.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 1992 |
Biography
Pico Far East Holdings Limited, an investment holding company, engages in the exhibition and event marketing services, visual branding experiences, museum, themed environment, interior and retail, conference and show management, and related businesses worldwide. It also offers visual identity and content, and digital marketing and content solutions; brand management, design and consultancy, interior renovation, promotion, exhibition and event fabrication, electrical specialist, corporate, and image consultancy and project management services; and construction, interior designing, decoration, and turnkey services, as well as technology solutions for exhibitions, events, museums, and interior and themed environment. In addition, the company provides design, lifestyle, and business innovation communications agency services; designs, develops, operates, and manages exhibition and convention center; produces exhibition, event, and interior fit-out products; and organizes and manages exhibitions, conferences, trade fairs, convention conferences, seminars, and events. Further, it offers freight forwarding, exhibition logistics, and transportation services for exhibitors; media planning, procurement, and optimization services in social video; services to organizers; and exhibition booth fabrication, event planning, design consultancy, themed designing, brand marketing and creative agency, brand strategy, engagement marketing, and public relations services. Additionally, the company operates and maintains museums, historical sites, and buildings; manufactures and installs exhibition items; and offers innovative services and disruptive technologies, design and technology solutions for interactive experience, and management development programs and courses. It is also involved in the property holding business. Pico Far East Holdings Limited was founded in 1969 and is based in Tai Po, Hong Kong.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/19 12:45 |
| End of Day Share Price | 2020/01/17 00:00 |
| Earnings | 2019/04/30 |
| Annual Earnings | 2018/10/31 |
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.