104 Stock Overview
Asia Commercial Holdings Limited, an investment holding company, engages in the retail and wholesale of watches in Hong Kong, the People’s Republic of China, and Switzerland.
Asia Commercial Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.22|
|52 Week High||HK$0.35|
|52 Week Low||HK$0.19|
|1 Month Change||0.92%|
|3 Month Change||1.85%|
|1 Year Change||-12.00%|
|3 Year Change||-47.62%|
|5 Year Change||-43.00%|
|Change since IPO||-89.87%|
Recent News & Updates
Is Asia Commercial Holdings (HKG:104) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
|104||HK Specialty Retail||HK Market|
Return vs Industry: 104 exceeded the Hong Kong Specialty Retail industry which returned -36.8% over the past year.
Return vs Market: 104 exceeded the Hong Kong Market which returned -28% over the past year.
|104 Average Weekly Movement||8.6%|
|Specialty Retail Industry Average Movement||5.7%|
|Market Average Movement||6.4%|
|10% most volatile stocks in HK Market||12.5%|
|10% least volatile stocks in HK Market||3.1%|
Stable Share Price: 104 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: 104's weekly volatility (9%) has been stable over the past year.
About the Company
Asia Commercial Holdings Limited, an investment holding company, engages in the retail and wholesale of watches in Hong Kong, the People’s Republic of China, and Switzerland. The company operates in two segments, Sale of Watches and Properties Leasing. It is also involved in the assembly and marketing of gold and jewelry watches; property holding, development, investment, and leasing activities; and brand development business.
Asia Commercial Holdings Fundamentals Summary
|104 fundamental statistics|
Is 104 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|104 income statement (TTM)|
|Cost of Revenue||HK$559.74m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.11|
|Net Profit Margin||10.68%|
How did 104 perform over the long term?See historical performance and comparison
48.7%Current Dividend Yield
Is 104 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 104?
Other financial metrics that can be useful for relative valuation.
|What is 104's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 104's PE Ratio compare to its peers?
|104 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
8473 Mi Ming Mart Holdings
280 King Fook Holdings
1942 MOG Holdings
3389 Hengdeli Holdings
104 Asia Commercial Holdings
Price-To-Earnings vs Peers: 104 is good value based on its Price-To-Earnings Ratio (2x) compared to the peer average (42.1x).
Price to Earnings Ratio vs Industry
How does 104's PE Ratio compare vs other companies in the HK Specialty Retail Industry?
Price-To-Earnings vs Industry: 104 is good value based on its Price-To-Earnings Ratio (2x) compared to the Hong Kong Specialty Retail industry average (8x)
Price to Earnings Ratio vs Fair Ratio
What is 104's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||2x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 104's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 104 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 104 (HK$0.22) is trading below our estimate of fair value (HK$3.87)
Significantly Below Fair Value: 104 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Asia Commercial Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Retail 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 Asia Commercial 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.
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- Examine whether Asia Commercial Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Asia Commercial Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
How has Asia Commercial Holdings performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 104 has a large one-off gain of HK$29.2M impacting its March 31 2022 financial results.
Growing Profit Margin: 104's current net profit margins (10.7%) are higher than last year (5%).
Past Earnings Growth Analysis
Earnings Trend: 104's earnings have declined by 11.4% per year over the past 5 years.
Accelerating Growth: 104's earnings growth over the past year (43.2%) exceeds its 5-year average (-11.4% per year).
Earnings vs Industry: 104 earnings growth over the past year (43.2%) exceeded the Specialty Retail industry -10.2%.
Return on Equity
High ROE: 104's Return on Equity (17.8%) is considered low.
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How is Asia Commercial Holdings's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 104's short term assets (HK$373.2M) exceed its short term liabilities (HK$312.2M).
Long Term Liabilities: 104's short term assets (HK$373.2M) exceed its long term liabilities (HK$89.2M).
Debt to Equity History and Analysis
Debt Level: 104 has more cash than its total debt.
Reducing Debt: 104's debt to equity ratio has increased from 25.5% to 36.8% over the past 5 years.
Debt Coverage: 104's debt is well covered by operating cash flow (97.7%).
Interest Coverage: 104's interest payments on its debt are well covered by EBIT (21x coverage).
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What is Asia Commercial Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Asia Commercial Holdings Dividend Yield vs Market|
|Company (Asia Commercial Holdings)||48.7%|
|Market Bottom 25% (HK)||3.0%|
|Market Top 25% (HK)||8.8%|
|Industry Average (Specialty Retail)||4.1%|
|Analyst forecast in 3 Years (Asia Commercial Holdings)||n/a|
Notable Dividend: 104's dividend (48.73%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.98%).
High Dividend: 104's dividend (48.73%) is in the top 25% of dividend payers in the Hong Kong market (8.85%)
Stability and Growth of Payments
Stable Dividend: 104 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 104's dividend payments have increased, but the company has only paid a dividend for 4 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (95.6%), 104's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (48.6%), 104's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Asia Commercial Holdings has no CEO, or we have no data on them.
Experienced Board: 104's board of directors are considered experienced (5.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Asia Commercial Holdings Limited's employee growth, exchange listings and data sources
- Name: Asia Commercial Holdings Limited
- Ticker: 104
- Exchange: SEHK
- Founded: 1990
- Industry: Specialty Stores
- Sector: Retail
- Implied Market Cap: HK$164.367m
- Shares outstanding: 747.12m
- Website: https://www.asiacommercialholdings.com
Number of Employees
- Asia Commercial Holdings Limited
- The Hopewell Centre
- 39th Floor
- Wan Chai
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|104||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Nov 1987|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 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.