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8426

Modern Living Investments HoldingsSEHK:8426 Stock Report

Market Cap

HK$118.4m

7D

-7.5%

1Y

0%

Updated

21 Oct, 2021

Data

Company Financials
8426 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends3/6

8426 Overview

Modern Living Investments Holdings Limited, an investment holding company, provides property management services for public housing in Hong Kong.

Price History & Performance

Summary of all time highs, changes and price drops for Modern Living Investments Holdings
Historical stock prices
Current Share PriceHK$0.15
52 Week HighHK$0.14
52 Week LowHK$0.18
Beta0.12
1 Month Change-1.99%
3 Month Change0%
1 Year Change0%
3 Year Change-11.91%
5 Year Changen/a
Change since IPO-53.02%

Recent News & Updates

Shareholder Returns

8426HK Real EstateHK Market
7D-7.5%-0.03%3.1%
1Y0%-11.0%6.2%

Return vs Industry: 8426 exceeded the Hong Kong Real Estate industry which returned -11% over the past year.

Return vs Market: 8426 underperformed the Hong Kong Market which returned 6.2% over the past year.

Price Volatility

Is 8426's price volatile compared to industry and market?
8426 volatility
8426 Beta0.12
Industry Beta0.85
Market Beta1

Stable Share Price: 8426 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: 8426's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20022,268Fuk Wah Nghttps://modernliving.com.hk

Modern Living Investments Holdings Limited, an investment holding company, provides property management services for public housing in Hong Kong. It offers property management services, such as entailing general, tenancy, financial, and project management services, as well as repair and maintenance services; and security and cleaning services. The company was founded in 2002 and is headquartered in Sha Tin, Hong Kong.

Modern Living Investments Holdings Fundamentals Summary

How do Modern Living Investments Holdings's earnings and revenue compare to its market cap?
8426 fundamental statistics
Market CapHK$118.40m
Earnings (TTM)HK$20.91m
Revenue (TTM)HK$485.31m

5.7x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8426 income statement (TTM)
RevenueHK$485.31m
Cost of RevenueHK$51.07m
Gross ProfitHK$434.24m
ExpensesHK$413.33m
EarningsHK$20.91m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.026
Gross Margin89.48%
Net Profit Margin4.31%
Debt/Equity Ratio0.9%

How did 8426 perform over the long term?

See historical performance and comparison

Dividends

10.1%

Current Dividend Yield

58%

Payout Ratio

Valuation

Is Modern Living Investments Holdings undervalued compared to its fair value and its price relative to the market?

29.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 8426 (HK$0.15) is trading below our estimate of fair value (HK$0.21)

Significantly Below Fair Value: 8426 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8426 is good value based on its PE Ratio (5.7x) compared to the Hong Kong Real Estate industry average (7.6x).

PE vs Market: 8426 is good value based on its PE Ratio (5.7x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8426's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8426 is overvalued based on its PB Ratio (0.9x) compared to the HK Real Estate industry average (0.4x).


Future Growth

How is Modern Living Investments Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.0%

Forecasted Real Estate 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 Modern Living Investments 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.


Past Performance

How has Modern Living Investments Holdings performed over the past 5 years?

36.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8426 has a high level of non-cash earnings.

Growing Profit Margin: 8426's current net profit margins (4.3%) are higher than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: 8426's earnings have grown significantly by 36.9% per year over the past 5 years.

Accelerating Growth: 8426's earnings growth over the past year (168.4%) exceeds its 5-year average (36.9% per year).

Earnings vs Industry: 8426 earnings growth over the past year (168.4%) exceeded the Real Estate industry 23.4%.


Return on Equity

High ROE: 8426's Return on Equity (15%) is considered low.


Financial Health

How is Modern Living Investments Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8426's short term assets (HK$165.2M) exceed its short term liabilities (HK$33.5M).

Long Term Liabilities: 8426's short term assets (HK$165.2M) exceed its long term liabilities (HK$2.9M).


Debt to Equity History and Analysis

Debt Level: 8426's debt to equity ratio (0.9%) is considered satisfactory.

Reducing Debt: 8426's debt to equity ratio has reduced from 69.5% to 0.9% over the past 5 years.

Debt Coverage: 8426's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 8426's interest payments on its debt are well covered by EBIT (29.2x coverage).


Balance Sheet


Dividend

What is Modern Living Investments Holdings's current dividend yield, its reliability and sustainability?

10.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8426's dividend (10.14%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 8426's dividend (10.14%) is in the top 25% of dividend payers in the Hong Kong market (6.79%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 8426 has been paying a dividend for less than 10 years.

Growing Dividend: 8426's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.6%), 8426's dividend payments are 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?

4.3yrs

Average management tenure


CEO

Fuk Wah Ng (62 yo)

4.25yrs

Tenure

HK$982,000

Compensation

Mr. Fuk Wah Ng, HKICPA, has been Chief Executive Officer and Executive Director of Modern Living Investments Holdings Limited since July 14, 2017 and July 6, 2017 respectively and serves as its Company Sec...


CEO Compensation Analysis

Compensation vs Market: Fuk Wah's total compensation ($USD126.31K) is below average for companies of similar size in the Hong Kong market ($USD228.12K).

Compensation vs Earnings: Fuk Wah's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 8426's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: 8426's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 8426 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

Modern Living Investments Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Modern Living Investments Holdings Limited
  • Ticker: 8426
  • Exchange: SEHK
  • Founded: 2002
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$118.400m
  • Shares outstanding: 800.00m
  • Website: https://modernliving.com.hk

Number of Employees


Location

  • Modern Living Investments Holdings Limited
  • Delta House
  • 11th Floor
  • Sha Tin
  • New Territories
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:21
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.