SEHK:1123

Stock Analysis Report

China-Hongkong Photo Products Holdings

Executive Summary

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.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.

Share Price & News

How has China-Hongkong Photo Products Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.4%

1123

0.9%

HK Retail Distributors

0.3%

HK Market


1 Year Return

-37.9%

1123

-7.1%

HK Retail Distributors

-1.5%

HK Market

Return vs Industry: 1123 underperformed the Hong Kong Retail Distributors industry which returned -7.1% over the past year.

Return vs Market: 1123 underperformed the Hong Kong Market which returned -1.5% over the past year.


Shareholder returns

1123IndustryMarket
7 Day-2.4%0.9%0.3%
30 Day-12.8%-1.6%0.5%
90 Day-18.0%-4.1%-4.4%
1 Year-37.9%-37.9%-4.5%-7.1%2.1%-1.5%
3 Year-53.9%-53.9%-24.5%-30.8%14.7%3.2%
5 Year-60.5%-61.3%-39.3%-49.0%21.5%1.2%

Price Volatility Vs. Market

How volatile is China-Hongkong Photo Products Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China-Hongkong Photo Products Holdings undervalued compared to its fair value and its price relative to the market?

0.38x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1123's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1123's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1123 is unprofitable, so we can't compare its PE Ratio to the Retail Distributors industry average.

PE vs Market: 1123 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1123's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1123 is good value based on its PB Ratio (0.4x) compared to the HK Retail Distributors industry average (0.8x).


Next Steps

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?

8.6%

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.


Next Steps

Past Performance

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

10.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 1123 is unprofitable, but has reduced losses over the past 5 years at a rate of 10.6% per year.

Accelerating Growth: Unable to compare 1123's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1123 is unprofitable, making it difficult to compare its past year earnings growth to the Retail Distributors industry (-13.3%).


Return on Equity

High ROE: 1123 has a negative Return on Equity (-7.22%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 1123 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 1123 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: 1123's short term assets (HK$506.0M) exceeds its short term liabilities (HK$155.5M)

Long Term Liabilities: 1123's short term assets (506.0M) exceeds its long term liabilities (35.0M)


Debt to Equity History and Analysis

Debt Level: 1123 is debt free.

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


Balance Sheet

Inventory Level: 1123 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 1123's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 1123 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 1123 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%6.3%industryaverage5.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 1123's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 1123's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 1123's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1123's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1123 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 1123's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

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?

1.5yrs

Average management tenure


CEO

Stanley Sun (41yo)

7.1yrs

Tenure

HK$2,644,000

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 ($USD337.15K) is about average for companies of similar size in the Hong Kong market ($USD216.38K).

Compensation vs Earnings: Stanley's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

1.5yrs

Average Tenure

41yo

Average Age

Experienced Management: 1123's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Age and Tenure

3.0yrs

Average Tenure

52.5yo

Average Age

Experienced Board: 1123's board of directors are considered experienced (3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Dennis Sun (68yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: HK$1.41m
  • Rita Chan (41yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 0.5yrs
  • Stanley Sun (41yo)

    Deputy Chairman & CEO

    • Tenure: 7.1yrs
    • Compensation: HK$2.64m
  • Ryan Sun (37yo)

    Executive Director

    • Tenure: 1.5yrs
    • Compensation: HK$871.00k

Board Members

  • Allan Liu (62yo)

    Independent Non-Executive Director

    • Tenure: 12.3yrs
    • Compensation: HK$140.00k
  • Allan Wong (68yo)

    Independent Non-Executive Director

    • Tenure: 0yrs
    • Compensation: HK$220.00k
  • Dennis Sun (68yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: HK$1.41m
  • David Li (64yo)

    Independent-Non Executive Director

    • Tenure: 0yrs
    • Compensation: HK$280.00k
  • Rita Chan (41yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 0.5yrs
  • Stanley Sun (41yo)

    Deputy Chairman & CEO

    • Tenure: 7.1yrs
    • Compensation: HK$2.64m
  • Stephen Fung (43yo)

    Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: HK$140.00k
  • Ryan Sun (37yo)

    Executive Director

    • Tenure: 1.5yrs
    • Compensation: HK$871.00k

Company Information

China-Hongkong Photo Products Holdings Limited's company bio, 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
  • Market Cap: HK$242.990m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1123SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1995

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 12:33
End of Day Share Price2019/10/18 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.