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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and good value.
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 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 752's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-0.7%
752
-2.4%
HK Media
-1.0%
HK Market
1 Year Return
-38.7%
752
28.2%
HK Media
9.0%
HK Market
Return vs Industry: 752 underperformed the Hong Kong Media industry which returned 28.2% over the past year.
Return vs Market: 752 underperformed the Hong Kong Market which returned 9% over the past year.
Shareholder returns
| 752 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | -2.4% | -1.0% |
| 30 Day | 21.0% | -4.1% | 5.9% |
| 90 Day | 56.5% | 3.9% | 7.5% |
| 1 Year | -34.6%-38.7% | 29.1%28.2% | 13.4%9.0% |
| 3 Year | -45.8%-54.3% | -37.4%-39.5% | 2.4%-8.3% |
| 5 Year | -3.5%-28.0% | -52.5%-60.7% | 36.9%13.8% |
Long-Term 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
Are Insiders Buying Pico Far East Holdings Limited (HKG:752) Stock?3 weeks ago | Simply Wall St
Will Pico Far East Holdings (HKG:752) Multiply In Value Going Forward?1 month ago | Simply Wall St
How Much is Pico Far East Holdings' (HKG:752) CEO Getting Paid?Valuation
Is Pico Far East 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: 752 (HK$1.44) is trading below our estimate of fair value (HK$4.47)
Significantly Below Fair Value: 752 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 752 is good value based on its PE Ratio (11.3x) compared to the HK Media industry average (14.3x).
PE vs Market: 752 is poor value based on its PE Ratio (11.3x) compared to the Hong Kong market (11.1x).
Price to Earnings Growth Ratio
PEG Ratio: 752 is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: 752 is overvalued based on its PB Ratio (1x) compared to the HK Media industry average (0.6x).
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?
27.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 752's forecast earnings growth (27.3% per year) is above the savings rate (1.6%).
Earnings vs Market: 752's earnings (27.3% per year) are forecast to grow faster than the Hong Kong market (21.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 752's revenue (2.7% per year) is forecast to grow slower than the Hong Kong market (13.7% per year).
High Growth Revenue: 752's revenue (2.7% 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 (9.7%).
Next Steps
Past Performance
How has Pico Far East Holdings performed over the past 5 years?
-4.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 752 has a large one-off gain of HK$57.9M impacting its April 30 2020 financial results.
Growing Profit Margin: 752's current net profit margins (3.6%) are lower than last year (5.5%).
Past Earnings Growth Analysis
Earnings Trend: 752's earnings have declined by 4.6% 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 (-40.8%) over the past year, making it difficult to compare to the Media industry average (-8%).
Return on Equity
High ROE: 752's Return on Equity (8.6%) is considered low.
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$2.8B) exceed its short term liabilities (HK$1.8B).
Long Term Liabilities: 752's short term assets (HK$2.8B) exceed its long term liabilities (HK$789.1M).
Debt to Equity History and Analysis
Debt Level: 752's debt to equity ratio (33%) is considered satisfactory.
Reducing Debt: 752's debt to equity ratio has increased from 0.01% to 33% over the past 5 years.
Debt Coverage: 752's debt is well covered by operating cash flow (53%).
Interest Coverage: 752's interest payments on its debt are well covered by EBIT (9.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Pico Far East Holdings's current dividend yield, its reliability and sustainability?
7.64%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 752's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 752's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 752's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 752's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 752 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 752's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
18.0yrs
Average board tenure
CEO
Lawrence Chia (59 yo)
no data
Tenure
HK$14,893,000
Compensation
Mr. Song Huat Chia, also known as Lawrence, serves as the Chief Executive Officer of Pico Far East Holdings Ltd. and has been its Chairman since 1994. Mr. Chia joined the Pico Far East Group in 1984. He ha...
CEO Compensation Analysis
Compensation vs Market: Lawrence's total compensation ($USD1.92M) is above average for companies of similar size in the Hong Kong market ($USD295.99K).
Compensation vs Earnings: Lawrence's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | no data | HK$14.89m | 0.15% HK$ 2.6m | |
| Executive Director | 10.75yrs | HK$2.61m | 0.053% HK$ 953.2k | |
| Executive Director & President of South East Asia | 4.83yrs | HK$6.16m | no data | |
| Independent Non-Executive Director | 22.25yrs | HK$213.00k | no data | |
| Independent Non-Executive Director | 28.92yrs | HK$213.00k | no data | |
| Independent Non-Executive Director | 18yrs | HK$243.00k | no data | |
| Independent Non-Executive Director | 16.17yrs | HK$213.00k | no data | |
| Honorary Chairman | no data | no data | no data |
18.0yrs
Average Tenure
60yo
Average Age
Experienced Board: 752's board of directors are seasoned and experienced ( 18 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 752 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
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$1.783b
- 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, conferen...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/05 10:12 |
| End of Day Share Price | 2020/12/04 00:00 |
| Earnings | 2020/04/30 |
| Annual Earnings | 2019/10/31 |
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.