company background image
1123

China-Hongkong Photo Products Holdings SEHK:1123 Stock Report

Last Price

HK$0.13

Market Cap

HK$154.1m

7D

0%

1Y

-23.5%

Updated

12 Aug, 2022

Data

Company Financials
1123 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends2/6

1123 Stock Overview

China-Hongkong Photo Products Holdings Limited, together with its subsidiaries, engages in marketing and distribution of photographic developing, processing, and printing products in Hong Kong.

China-Hongkong Photo Products Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for China-Hongkong Photo Products Holdings
Historical stock prices
Current Share PriceHK$0.13
52 Week HighHK$0.17
52 Week LowHK$0.11
Beta0.40
1 Month Change0%
3 Month Change13.04%
1 Year Change-23.53%
3 Year Change-50.00%
5 Year Change-64.38%
Change since IPO-91.56%

Recent News & Updates

Shareholder Returns

1123HK Retail DistributorsHK Market
7D0%0.3%0.3%
1Y-23.5%-16.1%-21.6%

Return vs Industry: 1123 underperformed the Hong Kong Retail Distributors industry which returned -16.4% over the past year.

Return vs Market: 1123 underperformed the Hong Kong Market which returned -22% over the past year.

Price Volatility

Is 1123's price volatile compared to industry and market?
1123 volatility
1123 Average Weekly Movement2.6%
Retail Distributors Industry Average Movement8.3%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.6%
10% least volatile stocks in HK Market3.2%

Stable Share Price: 1123 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 1123's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1968451Stanley Sunhttps://www.chinahkphoto.com.hk

China-Hongkong Photo Products Holdings Limited, together with its subsidiaries, engages in marketing and distribution of photographic developing, processing, and printing products in Hong Kong. The company operates through Merchandise, Service, and Investment segments. It also retails and wholesales photographic merchandises, skincare products, consumer electronic products, and household appliances, as well as commercial and professional AV products.

China-Hongkong Photo Products Holdings Fundamentals Summary

How do China-Hongkong Photo Products Holdings's earnings and revenue compare to its market cap?
1123 fundamental statistics
Market CapHK$154.09m
Earnings (TTM)HK$18.11m
Revenue (TTM)HK$1.02b

8.5x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1123 income statement (TTM)
RevenueHK$1.02b
Cost of RevenueHK$793.40m
Gross ProfitHK$221.84m
Other ExpensesHK$203.73m
EarningsHK$18.11m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.015
Gross Margin21.85%
Net Profit Margin1.78%
Debt/Equity Ratio0%

How did 1123 perform over the long term?

See historical performance and comparison

Dividends

7.7%

Current Dividend Yield

65%

Payout Ratio

Does 1123 pay a reliable dividends?

See 1123 dividend history and benchmarks
When do you need to buy 1123 by to receive an upcoming dividend?
China-Hongkong Photo Products Holdings dividend dates
Ex Dividend DateAug 16 2022
Dividend Pay DateSep 07 2022
Days until Ex dividend3 days
Days until Dividend pay date25 days

Does 1123 pay a reliable dividends?

See 1123 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 1123 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1123?

Other financial metrics that can be useful for relative valuation.

1123 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 1123's PE Ratio compare to its peers?

1123 PE Ratio vs Peers
The above table shows the PE ratio for 1123 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average37.8x
8509 Wine's Link International Holdings
7.7xn/aHK$164.0m
8126 G.A. Holdings
2.6xn/aHK$116.2m
8200 Sau San Tong Holdings
10.4xn/aHK$93.0m
986 China Environmental Energy Investment
130.4xn/aHK$77.7m
1123 China-Hongkong Photo Products Holdings
8.5xn/aHK$154.1m

Price-To-Earnings vs Peers: 1123 is good value based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (37.8x).


Price to Earnings Ratio vs Industry

How does 1123's PE Ratio compare vs other companies in the Asian Retail Distributors Industry?

Price-To-Earnings vs Industry: 1123 is good value based on its Price-To-Earnings Ratio (8.5x) compared to the Hong Kong Retail Distributors industry average (10.9x)


Price to Earnings Ratio vs Fair Ratio

What is 1123'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.

1123 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1123's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1123 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1123 (HK$0.13) is trading above our estimate of fair value (HK$0.12)

Significantly Below Fair Value: 1123 is trading above our estimate of fair value.


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.


Discover undervalued companies

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-2.3%

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 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 SimplyWall St do have past financial data.


Discover growth companies

Past Performance

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

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1123 has a large one-off gain of HK$14.4M impacting its March 31 2022 financial results.

Growing Profit Margin: 1123's current net profit margins (1.8%) are lower than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: 1123 has become profitable over the past 5 years, growing earnings by 10.7% per year.

Accelerating Growth: 1123's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1123 had negative earnings growth (-46.2%) over the past year, making it difficult to compare to the Retail Distributors industry average (-16.2%).


Return on Equity

High ROE: 1123's Return on Equity (2.7%) is considered low.


Discover strong past performing companies

Financial Health

How is China-Hongkong Photo Products Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1123's short term assets (HK$492.0M) exceed its short term liabilities (HK$171.0M).

Long Term Liabilities: 1123's short term assets (HK$492.0M) exceed its long term liabilities (HK$65.7M).


Debt to Equity History and Analysis

Debt Level: 1123 is debt free.

Reducing Debt: 1123 has not had any debt for past 5 years.

Debt Coverage: 1123 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1123 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


7.69%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 13 2022Ex Dividend DateAug 16 2022Dividend Pay DateSep 07 202222 days from Ex DividendBuy in the next 3 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 1123's dividend (7.69%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.87%).

High Dividend: 1123's dividend (7.69%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.25%).


Stability and Growth of Payments

Stable Dividend: 1123's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1123's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (65.5%), 1123's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (176.1%), 1123's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Stanley Sun (44 yo)

9.92yrs

Tenure

HK$2,458,000

Compensation

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...


CEO Compensation Analysis

Compensation vs Market: Stanley's total compensation ($USD313.36K) is about average for companies of similar size in the Hong Kong market ($USD246.27K).

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


Leadership Team

Experienced Management: 1123's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: 1123's board of directors are seasoned and experienced ( 15.8 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.


Ownership Breakdown

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


Top Shareholders

Company Information

China-Hongkong Photo Products Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: China-Hongkong Photo Products Holdings Limited
  • Ticker: 1123
  • Exchange: SEHK
  • Founded: 1968
  • Industry: Distributors
  • Sector: Retail
  • Implied Market Cap: HK$154.091m
  • Shares outstanding: 1.19b
  • Website: https://www.chinahkphoto.com.hk

Number of Employees


Location

  • China-Hongkong Photo Products Holdings Limited
  • Tsuen Wan Industrial Centre
  • 8th Floor
  • Tsuen Wan
  • 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 Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.