Modern Living Investments Holdings Limited, an investment holding company, provides property management services for public housing in Hong Kong.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.15|
|52 Week High||HK$0.14|
|52 Week Low||HK$0.18|
|1 Month Change||-1.99%|
|3 Month Change||0%|
|1 Year Change||0%|
|3 Year Change||-11.91%|
|5 Year Change||n/a|
|Change since IPO||-53.02%|
Recent News & Updates
|8426||HK Real Estate||HK Market|
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.
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
|2002||2,268||Fuk Wah Ng||https://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
|8426 fundamental statistics|
Is 8426 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|8426 income statement (TTM)|
|Cost of Revenue||HK$51.07m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.026|
|Net Profit Margin||4.31%|
How did 8426 perform over the long term?See historical performance and comparison
10.1%Current Dividend Yield
Is Modern Living Investments Holdings undervalued compared to its fair value and its price relative to the market?
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).
How is Modern Living Investments Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Modern Living Investments Holdings performed over the past 5 years?
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.
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$2.9M).
Debt to Equity History and Analysis
Debt Level: 8426's debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: 8426's debt to equity ratio has reduced from 69.5% to 0.9% over the past 5 years.
Debt Coverage: 8426's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8426's interest payments on its debt are well covered by EBIT (29.2x coverage).
What is Modern Living Investments Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 8426's dividend (10.14%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 8426's dividend (10.14%) is in the top 25% of dividend payers in the Hong Kong market (6.79%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 8426 has been paying a dividend for less than 10 years.
Growing Dividend: 8426's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57.6%), 8426's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Fuk Wah Ng (62 yo)
Mr. Fuk Wah Ng, HKICPA, has been Chief Executive Officer and Executive Director of Modern Living Investments Holdings Limited since July 14, 2017 and July 6, 2017 respectively and serves as its Company Sec...
CEO Compensation Analysis
Compensation vs Market: Fuk Wah's total compensation ($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.
Experienced Management: 8426's management team is considered experienced (4.3 years average tenure).
Experienced Board: 8426's board of directors are considered experienced (4.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Modern Living Investments Holdings Limited's employee growth, exchange listings and data sources
- 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
- Modern Living Investments Holdings Limited
- Delta House
- 11th Floor
- Sha Tin
- New Territories
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 18:21|
|End of Day Share Price||2021/10/21 00:00|
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.