company background image
104

Asia Commercial HoldingsSEHK:104 Stock Report

Market Cap

HK$186.8m

7D

0%

1Y

0%

Updated

15 Oct, 2021

Data

Company Financials
104 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

104 Overview

Asia Commercial Holdings Limited, an investment holding company, engages in the retail and wholesale of watches in the People’s Republic of China and Switzerland.

Price History & Performance

Summary of all time highs, changes and price drops for Asia Commercial Holdings
Historical stock prices
Current Share PriceHK$0.25
52 Week HighHK$0.22
52 Week LowHK$0.70
Beta0.38
1 Month Change-9.09%
3 Month Change-16.67%
1 Year Change0%
3 Year Change-35.90%
5 Year Change-48.98%
Change since IPO-88.49%

Recent News & Updates

Aug 03
The Strong Earnings Posted By Asia Commercial Holdings (HKG:104) Are A Good Indication Of The Strength Of The Business

The Strong Earnings Posted By Asia Commercial Holdings (HKG:104) Are A Good Indication Of The Strength Of The Business

Asia Commercial Holdings Limited ( HKG:104 ) recently posted some strong earnings, and the market responded positively...

Jul 01
Is Asia Commercial Holdings (HKG:104) A Risky Investment?

Is Asia Commercial Holdings (HKG:104) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Mar 11
Returns On Capital - An Important Metric For Asia Commercial Holdings (HKG:104)

Returns On Capital - An Important Metric For Asia Commercial Holdings (HKG:104)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...

Jan 17
Does Asia Commercial Holdings (HKG:104) Have A Healthy Balance Sheet?

Does Asia Commercial Holdings (HKG:104) Have A Healthy Balance Sheet?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

104HK Specialty RetailHK Market
7D0%4.1%-0.3%
1Y0%22.0%5.0%

Return vs Industry: 104 underperformed the Hong Kong Specialty Retail industry which returned 22% over the past year.

Return vs Market: 104 underperformed the Hong Kong Market which returned 5% over the past year.

Price Volatility

Is 104's price volatile compared to industry and market?
104 volatility
104 Beta0.38
Industry Beta0.90
Market Beta1

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

FoundedEmployeesCEOWebsite
n/a144n/ahttps://www.asiacommercialholdings.com

Asia Commercial Holdings Limited, an investment holding company, engages in the retail and wholesale of watches in 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, investment, and leasing activities; and brand development business.

Asia Commercial Holdings Fundamentals Summary

How do Asia Commercial Holdings's earnings and revenue compare to its market cap?
104 fundamental statistics
Market CapHK$186.78m
Earnings (TTM)HK$58.54m
Revenue (TTM)HK$1.16b

3.2x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
104 income statement (TTM)
RevenueHK$1.16b
Cost of RevenueHK$932.81m
Gross ProfitHK$232.17m
ExpensesHK$173.63m
EarningsHK$58.54m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.078
Gross Margin19.93%
Net Profit Margin5.03%
Debt/Equity Ratio40.1%

How did 104 perform over the long term?

See historical performance and comparison

Valuation

Is Asia Commercial 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: 104 (HK$0.25) is trading below our estimate of fair value (HK$4.89)

Significantly Below Fair Value: 104 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 104 is good value based on its PE Ratio (3.2x) compared to the Hong Kong Specialty Retail industry average (10.3x).

PE vs Market: 104 is good value based on its PE Ratio (3.2x) compared to the Hong Kong market (9.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 104's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 104 is good value based on its PB Ratio (0.5x) compared to the HK Specialty Retail industry average (1.1x).


Future Growth

How is Asia Commercial Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

25.1%

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.


Past Performance

How has Asia Commercial Holdings performed over the past 5 years?

-18.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 104 has a large one-off gain of HK$16.0M impacting its March 31 2021 financial results.

Growing Profit Margin: 104 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 104 has become profitable over the past 5 years, growing earnings by -18.9% per year.

Accelerating Growth: 104 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 104 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (54.7%).


Return on Equity

High ROE: 104's Return on Equity (13.6%) is considered low.


Financial Health

How is Asia Commercial Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 104's short term assets (HK$369.8M) exceed its short term liabilities (HK$349.4M).

Long Term Liabilities: 104's short term assets (HK$369.8M) exceed its long term liabilities (HK$56.6M).


Debt to Equity History and Analysis

Debt Level: 104's debt to equity ratio (40.1%) is considered high.

Reducing Debt: 104's debt to equity ratio has increased from 25.1% to 40.1% over the past 5 years.

Debt Coverage: 104's debt is well covered by operating cash flow (83.4%).

Interest Coverage: 104's interest payments on its debt are well covered by EBIT (9.6x coverage).


Balance Sheet


Dividend

What is Asia Commercial Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 104's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 104'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 104's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 104's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 104 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 104'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?

6.2yrs

Average board tenure


CEO

Asia Commercial Holdings has no CEO, or we have no data on them.


Board Members

Experienced Board: 104's board of directors are considered experienced (6.2 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Asia Commercial Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Asia Commercial Holdings Limited
  • Ticker: 104
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: HK$186.781m
  • Shares outstanding: 747.12m
  • Website: https://www.asiacommercialholdings.com

Number of Employees


Location

  • Asia Commercial Holdings Limited
  • The Hopewell Centre
  • Room 3901
  • Wan Chai
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 15:37
End of Day Share Price2021/10/15 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.