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China-Hongkong Photo Products Holdings

SEHK:1123
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1123
SEHK
HK$391M
Market Cap
  1. Home
  2. HK
  3. Retail
Company description

China-Hongkong Photo Products Holdings Limited, together with its subsidiaries, engages in marketing and distributing photographic developing, processing, and printing products in the People’s Republic of China. The last earnings update was 72 days ago. More info.


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1123 Share Price and Events
7 Day Returns
-1.5%
SEHK:1123
0.5%
HK Retail Distributors
4%
HK Market
1 Year Returns
-18.5%
SEHK:1123
-36.3%
HK Retail Distributors
-10.7%
HK Market
1123 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China-Hongkong Photo Products Holdings (1123) -1.5% 6.5% 10% -18.5% -14.3% -43.1%
HK Retail Distributors 0.5% 3.9% -2.6% -36.3% -26.9% -72.4%
HK Market 4% 7.9% 10.4% -10.7% 37.6% 16.4%
1 Year Return vs Industry and Market
  • 1123 outperformed the Retail Distributors industry which returned -36.3% over the past year.
  • 1123 underperformed the Market in Hong Kong which returned -10.7% over the past year.
Price Volatility
1123
Industry
5yr Volatility vs Market

1123 Value

 Is China-Hongkong Photo Products Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for China-Hongkong Photo Products Holdings. This is due to cash flow or dividend data being unavailable. The share price is HK$0.33.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China-Hongkong Photo Products Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China-Hongkong Photo Products Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1123 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$0.02
SEHK:1123 Share Price ** SEHK (2019-02-22) in HKD HK$0.33
Hong Kong Retail Distributors Industry PE Ratio Median Figure of 17 Publicly-Listed Retail Distributors Companies 13.98x
Hong Kong Market PE Ratio Median Figure of 1,481 Publicly-Listed Companies 10.91x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China-Hongkong Photo Products Holdings.

SEHK:1123 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1123 Share Price ÷ EPS (both in HKD)

= 0.33 ÷ 0.02

14.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China-Hongkong Photo Products Holdings is overvalued based on earnings compared to the HK Retail Distributors industry average.
  • China-Hongkong Photo Products Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China-Hongkong Photo Products Holdings's expected growth come at a high price?
Raw Data
SEHK:1123 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Retail Distributors Industry PEG Ratio Median Figure of 19 Publicly-Listed Retail Distributors Companies 1.36x
Hong Kong Market PEG Ratio Median Figure of 467 Publicly-Listed Companies 0.78x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for China-Hongkong Photo Products Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China-Hongkong Photo Products Holdings's assets?
Raw Data
SEHK:1123 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$0.57
SEHK:1123 Share Price * SEHK (2019-02-22) in HKD HK$0.33
Hong Kong Retail Distributors Industry PB Ratio Median Figure of 31 Publicly-Listed Retail Distributors Companies 0.76x
Hong Kong Market PB Ratio Median Figure of 2,118 Publicly-Listed Companies 0.98x
SEHK:1123 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1123 Share Price ÷ Book Value per Share (both in HKD)

= 0.33 ÷ 0.57

0.58x

* Primary Listing of China-Hongkong Photo Products Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China-Hongkong Photo Products Holdings is good value based on assets compared to the HK Retail Distributors industry average.
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Value checks
We assess China-Hongkong Photo Products Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Retail Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Retail Distributors industry average (and greater than 0)? (1 check)
  5. China-Hongkong Photo Products Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1123 Future Performance

 How is China-Hongkong Photo Products Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 China-Hongkong Photo Products 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.4%
Expected Retail Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China-Hongkong Photo Products Holdings expected to grow at an attractive rate?
  • Unable to compare China-Hongkong Photo Products Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare China-Hongkong Photo Products Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare China-Hongkong Photo Products Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1123 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Retail Distributors Industry Earnings Growth Rate Market Cap Weighted Average 2.4%
Global Retail Distributors Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:1123 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1123 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1123 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 952 -76 27
2018-06-30 941 -35 33
2018-03-31 930 6 38
2017-12-31 908 17 21
2017-09-30 886 27 4
2017-06-30 869 17 -8
2017-03-31 853 6 -19
2016-12-31 863 4 -51
2016-09-30 873 2 -83
2016-06-30 880 7 -77
2016-03-31 887 12 -70
2015-12-31 884 20 -58

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if China-Hongkong Photo Products Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if China-Hongkong Photo Products Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:1123 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China-Hongkong Photo Products Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1123 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1123 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 0.02
2018-06-30 0.03
2018-03-31 0.03
2017-12-31 0.02
2017-09-30 0.00
2017-06-30 -0.01
2017-03-31 -0.02
2016-12-31 -0.04
2016-09-30 -0.07
2016-06-30 -0.06
2016-03-31 -0.06
2015-12-31 -0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if China-Hongkong Photo Products Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine China-Hongkong Photo Products Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. China-Hongkong Photo Products Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Retail companies here
  3. China-Hongkong Photo Products Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess China-Hongkong Photo Products Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China-Hongkong Photo Products Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1123 Past Performance

  How has China-Hongkong Photo Products Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China-Hongkong Photo Products Holdings's growth in the last year to its industry (Retail Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China-Hongkong Photo Products Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • China-Hongkong Photo Products Holdings's 1-year earnings growth exceeds its 5-year average (546.1% vs 2.1%)
  • China-Hongkong Photo Products Holdings's earnings growth has exceeded the HK Retail Distributors industry average in the past year (546.1% vs 114.9%).
Earnings and Revenue History
China-Hongkong Photo Products Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China-Hongkong Photo Products Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1123 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 952.35 26.98 246.41
2018-06-30 941.09 32.59 238.81
2018-03-31 929.84 38.21 231.21
2017-12-31 907.93 21.19 230.25
2017-09-30 886.03 4.18 229.29
2017-06-30 869.27 -7.63 233.82
2017-03-31 852.51 -19.44 238.36
2016-12-31 862.95 -51.03 239.47
2016-09-30 873.38 -82.62 240.58
2016-06-30 880.03 -76.55 238.01
2016-03-31 886.67 -70.48 235.44
2015-12-31 884.27 -57.92 231.21
2015-09-30 881.88 -45.36 226.99
2015-06-30 924.27 -39.33 230.76
2015-03-31 966.66 -33.29 234.52
2014-12-31 1,011.11 -7.76 240.56
2014-09-30 1,055.57 17.78 246.60
2014-06-30 958.62 16.62 227.25
2014-03-31 861.67 15.47 207.89
2013-12-31 714.15 22.04 184.45
2013-09-30 566.63 28.61 161.00
2013-06-30 521.13 30.59 153.77
2013-03-31 475.63 32.57 146.53
2012-12-31 458.24 39.37 135.03
2012-09-30 440.85 46.18 123.53
2012-06-30 438.65 45.43 124.32
2012-03-31 436.45 44.69 125.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • China-Hongkong Photo Products Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China-Hongkong Photo Products Holdings used its assets less efficiently than the HK Retail Distributors industry average last year based on Return on Assets.
  • It is difficult to establish if China-Hongkong Photo Products Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess China-Hongkong Photo Products Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Retail Distributors industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China-Hongkong Photo Products Holdings has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1123 Health

 How is China-Hongkong Photo Products Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China-Hongkong Photo Products Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China-Hongkong Photo Products Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China-Hongkong Photo Products Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China-Hongkong Photo Products Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • China-Hongkong Photo Products Holdings has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China-Hongkong Photo Products Holdings Company Filings, last reported 4 months ago.

SEHK:1123 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 680.33 0.00 154.21
2018-06-30 680.33 0.00 154.21
2018-03-31 691.45 0.00 219.49
2017-12-31 691.45 0.00 219.49
2017-09-30 653.65 0.00 249.33
2017-06-30 653.65 0.00 249.33
2017-03-31 648.75 0.00 241.18
2016-12-31 648.75 0.00 241.18
2016-09-30 648.22 0.00 255.05
2016-06-30 648.22 0.00 255.05
2016-03-31 669.37 0.00 260.70
2015-12-31 669.37 0.00 260.70
2015-09-30 730.42 0.00 280.63
2015-06-30 730.42 0.00 280.63
2015-03-31 739.16 0.00 270.19
2014-12-31 739.16 0.00 270.19
2014-09-30 789.97 0.00 280.80
2014-06-30 789.97 0.00 280.80
2014-03-31 808.98 0.00 360.07
2013-12-31 808.98 0.00 360.07
2013-09-30 819.34 0.00 377.44
2013-06-30 819.34 0.00 377.44
2013-03-31 844.77 0.00 548.17
2012-12-31 844.77 0.00 548.17
2012-09-30 817.24 0.00 559.35
2012-06-30 817.24 0.00 559.35
2012-03-31 881.36 0.00 583.67
  • China-Hongkong Photo Products Holdings has no debt.
  • China-Hongkong Photo Products Holdings has not taken on any debt in the past 5 years.
  • China-Hongkong Photo Products Holdings has no debt, it does not need to be covered by operating cash flow.
  • China-Hongkong Photo Products Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess China-Hongkong Photo Products Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China-Hongkong Photo Products Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1123 Dividends

 What is China-Hongkong Photo Products Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from China-Hongkong Photo Products Holdings dividends.
If you bought HK$2,000 of China-Hongkong Photo Products Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate China-Hongkong Photo Products Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China-Hongkong Photo Products Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:1123 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Retail Distributors Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 916 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:1123 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:1123 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2016-07-13 0.000 0.000
2016-06-23 0.000 0.000
2015-12-17 0.000 0.000
2015-11-25 0.000 0.000
2015-07-15 0.000 0.000
2015-06-25 0.000 0.000
2014-12-18 0.020 4.040
2014-11-26 0.020 3.951
2014-07-16 0.040 7.367
2014-06-26 0.040 7.009
2013-07-16 0.055 9.183
2013-06-26 0.055 8.853
2012-12-13 0.045 6.882
2012-11-21 0.060 10.409
2012-06-20 0.060 10.606
2011-11-23 0.050 9.497
2011-06-22 0.050 8.896
2010-11-26 0.000 0.000
2010-06-24 0.055 9.187
2009-12-03 0.035 6.339
2009-07-14 0.000 0.000
2009-06-25 0.000 0.000
2009-02-24 0.019 4.956

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as China-Hongkong Photo Products Holdings has not reported any payouts.
  • Unable to verify if China-Hongkong Photo Products Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China-Hongkong Photo Products Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China-Hongkong Photo Products Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess China-Hongkong Photo Products Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China-Hongkong Photo Products Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China-Hongkong Photo Products Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1123 Management

 What is the CEO of China-Hongkong Photo Products Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stanley Sun
COMPENSATION HK$2,563,000
AGE 40
TENURE AS CEO 6.4 years
CEO Bio

Mr. Tao Hung Sun, also known as Stanley, has been the Chief Executive Officer of China-hongkong Photo Products Holdings Ltd. since September 3, 2012. Mr. Sun has been responsible for the strategic business development of China-hongkong Photo Products. Prior to joining China-hongkong Photo Products, Mr. Sun worked in Fuji Photo Film Co. Ltd., both in Japan and the United States of America, where he conducted marketing work for their imaging business. He serves as Deputy Chairman of China-Hongkong Photo Products Holdings Ltd. Mr. Sun has been an Executive Director of China-hongkong Photo Products since April 1, 2006. Mr. Sun holds a Bachelor of Science degree and a Master of Business Administration degree from Cornell University, Ithaca, New York, USA.

CEO Compensation
  • Stanley's compensation has been consistent with company performance over the past year.
  • Stanley's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the China-Hongkong Photo Products Holdings management team in years:

6.4
Average Tenure
47
Average Age
  • The average tenure for the China-Hongkong Photo Products Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dennis Sun

TITLE
Executive Chairman
COMPENSATION
HK$1M
AGE
67

Stanley Sun

TITLE
Deputy Chairman & CEO
COMPENSATION
HK$3M
AGE
40
TENURE
6.4 yrs

Eileen Ng

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
64

Ryan Sun

TITLE
Executive Director
AGE
36
TENURE
0.8 yrs

Rita Chan

TITLE
Company Secretary
AGE
47
TENURE
13.7 yrs
Board of Directors Tenure

Average tenure and age of the China-Hongkong Photo Products Holdings board of directors in years:

7.8
Average Tenure
63
Average Age
  • The tenure for the China-Hongkong Photo Products Holdings board of directors is about average.
Board of Directors

Dennis Sun

TITLE
Executive Chairman
COMPENSATION
HK$1M
AGE
67

Stanley Sun

TITLE
Deputy Chairman & CEO
COMPENSATION
HK$3M
AGE
40

Eileen Ng

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
64
TENURE
16.1 yrs

Ryan Sun

TITLE
Executive Director
AGE
36
TENURE
0.8 yrs

Malcolm Au

TITLE
Independent Non-Executive Director
COMPENSATION
HK$210K
AGE
69

David Li

TITLE
Independent-Non Executive Director
COMPENSATION
HK$260K
AGE
63

Allan Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$210K
AGE
67

Allan Liu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$130K
AGE
61
TENURE
11.7 yrs

Stephen Fung

TITLE
Non-Executive Director
COMPENSATION
HK$130K
AGE
42
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess China-Hongkong Photo Products Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China-Hongkong Photo Products Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1123 News

Simply Wall St News

What does China-Hongkong Photo Products Holdings Limited's (HKG:1123) Balance Sheet Tell Us About Its Future?

The direct benefit for China-Hongkong Photo Products Holdings Limited (HKG:1123), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is financial flexibility worth the lower cost of capital. … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital

Simply Wall St -

How Much Of China-Hongkong Photo Products Holdings Limited (HKG:1123) Do Insiders Own?

A look at the shareholders of China-Hongkong Photo Products Holdings Limited (HKG:1123) can tell us which group is most powerful. … China-Hongkong Photo Products Holdings is not a large company by global standards. … View our latest analysis for China-Hongkong Photo Products Holdings

Simply Wall St -

Does The China-Hongkong Photo Products Holdings Limited (HKG:1123) Share Price Fall With The Market?

If you're interested in China-Hongkong Photo Products Holdings Limited (HKG:1123), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

Why China-Hongkong Photo Products Holdings Limited's (HKG:1123) Investor Composition Impacts Your Returns

In this analysis, my focus will be on developing a perspective on China-Hongkong Photo Products Holdings Limited’s (HKG:1123) latest ownership structure, a less discussed, but important factor. … Therefore, it is beneficial for us to examine 1123's ownership structure in more detail. … Check out our latest analysis for China-Hongkong Photo Products Holdings

Simply Wall St -

Does China-Hongkong Photo Products Holdings Limited (HKG:1123) Go Up With The Market?

Generally, an investor should consider two types of risk that impact the market value of 1123. … The other type of risk, which cannot be diversified away, is market risk. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one.

Simply Wall St -

Should You Be Tempted To Buy China-Hongkong Photo Products Holdings Limited (HKG:1123) Because Of Its PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between China-Hongkong Photo Products Holdings Limited (HKG:1123)’s fundamentals and stock market performance. … China-Hongkong Photo Products Holdings Limited (HKG:1123) is trading with a trailing P/E of 11.2x, which is lower than the industry average of 12.5x.

Simply Wall St -

1123 Company Info

Map
Description

China-Hongkong Photo Products Holdings Limited, together with its subsidiaries, engages in marketing and distributing photographic developing, processing, and printing products in the People’s Republic of China. The company operates through Merchandise, Service, and Investment segments. It also sells photographic merchandises, skincare products, consumer electronic products, and household appliances. In addition, the company engages in the provision of technical services for photographic developing and processing products, and professional audio-visual advisory and custom design and installation services. Further, it invests in properties. The company operates a retail chain under the Fotomax name that provides photographic processing services, and digital and professional imaging services, as well as sells other imaging related accessories. The company was founded in 1968 and is based in Tsuen Wan, Hong Kong. China-Hongkong Photo Products Holdings Limited is a subsidiary of Searich Group Limited.

Details
Name: China-Hongkong Photo Products Holdings Limited
1123
Exchange: SEHK
Founded: 1968
HK$391,155,055
1,185,318,349
Website: http://www.chinahkphoto.com.hk
Address: China-Hongkong Photo Products Holdings Limited
Tsuen Wan Industrial Centre,
8th Floor,
Tsuen Wan,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1123 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 26. Jan 1995
Number of employees
Current staff
Staff numbers
479
China-Hongkong Photo Products Holdings employees.
Industry
Distributors
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 12:35
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2018/06/21
Last earnings filing: 2018/12/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.