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Veeko International Holdings

SEHK:1173
Snowflake Description

Imperfect balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1173
SEHK
HK$315M
Market Cap
  1. Home
  2. HK
  3. Retail
Company description

Veeko International Holdings Limited, an investment holding company, engages in the cosmetics and fashion businesses. The last earnings update was 21 days ago. More info.


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1173 Share Price and Events
7 Day Returns
9.9%
SEHK:1173
1%
HK Specialty Retail
1%
HK Market
1 Year Returns
-33.5%
SEHK:1173
-10.2%
HK Specialty Retail
-4.7%
HK Market
1173 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Veeko International Holdings (1173) 9.9% 13.7% -11.3% -33.5% -45.7% -52.5%
HK Specialty Retail 1% 6.9% -9.1% -10.2% 17.3% -22.8%
HK Market 1% 3.9% -7.8% -4.7% 17.5% 2%
1 Year Return vs Industry and Market
  • 1173 underperformed the Specialty Retail industry which returned -10.2% over the past year.
  • 1173 underperformed the Market in Hong Kong which returned -4.7% over the past year.
Price Volatility
1173
Industry
5yr Volatility vs Market

1173 Value

 Is Veeko International 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
Here we compare the current share price of Veeko International Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Veeko International Holdings.

SEHK:1173 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:1173
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.833 (1 + (1- 25%) (84.58%))
1.243
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.243 * 6.65%)
10.27%

Discounted Cash Flow Calculation for SEHK:1173 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Veeko International Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:1173 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 10.27%)
2020 30.43 Est @ 6.66% 27.60
2021 32.03 Est @ 5.26% 26.35
2022 33.41 Est @ 4.29% 24.92
2023 34.61 Est @ 3.6% 23.41
2024 35.69 Est @ 3.12% 21.89
2025 36.68 Est @ 2.79% 20.41
2026 37.62 Est @ 2.55% 18.98
2027 38.52 Est @ 2.39% 17.62
2028 39.39 Est @ 2.27% 16.35
2029 40.26 Est @ 2.19% 15.15
Present value of next 10 years cash flows HK$212.68
SEHK:1173 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$40.26 × (1 + 2%) ÷ (10.27% – 2%)
HK$496.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$496.94 ÷ (1 + 10.27%)10
HK$187.02
SEHK:1173 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$212.68 + HK$187.02
HK$399.70
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$399.70 / 2,518.00
HK$0.16
SEHK:1173 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.16
Current discount Discount to share price of HK$0.13
= -1 x (HK$0.13 - HK$0.16) / HK$0.16
16.2%

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

Current Discount
Amount off the current price Veeko International Holdings is available for.
Intrinsic value
16%
Share price is HK$0.133 vs Future cash flow value of HK$0.15874
Current Discount Checks
For Veeko International Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Veeko International Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Veeko International Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Veeko International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Veeko International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1173 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$-0.03
SEHK:1173 Share Price ** SEHK (2019-07-18) in HKD HK$0.13
Hong Kong Specialty Retail Industry PE Ratio Median Figure of 35 Publicly-Listed Specialty Retail Companies 11.4x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.82x

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

** Primary Listing of Veeko International Holdings.

SEHK:1173 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1173 Share Price ÷ EPS (both in HKD)

= 0.13 ÷ -0.03

-4.16x

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

  • Veeko International Holdings is loss making, we can't compare its value to the HK Specialty Retail industry average.
  • Veeko International Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Veeko International Holdings's expected growth come at a high price?
Raw Data
SEHK:1173 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Specialty Retail Industry PEG Ratio Median Figure of 12 Publicly-Listed Specialty Retail Companies 0.8x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.8x

*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 Veeko International Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Veeko International Holdings's assets?
Raw Data
SEHK:1173 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$0.25
SEHK:1173 Share Price * SEHK (2019-07-18) in HKD HK$0.13
Hong Kong Specialty Retail Industry PB Ratio Median Figure of 58 Publicly-Listed Specialty Retail Companies 0.9x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:1173 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1173 Share Price ÷ Book Value per Share (both in HKD)

= 0.13 ÷ 0.25

0.53x

* Primary Listing of Veeko International Holdings.

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

  • Veeko International Holdings is good value based on assets compared to the HK Specialty Retail industry average.
X
Value checks
We assess Veeko International 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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Veeko International 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.

1173 Future Performance

 How is Veeko International 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 Veeko International 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
16.6%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Veeko International Holdings expected to grow at an attractive rate?
  • Unable to compare Veeko International Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Veeko International Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Veeko International Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1173 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 16.6%
Hong Kong Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 8.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 13.5%

*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:1173 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:1173 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,693 -79
2018-12-31 1,787 -26
2018-09-30 1,880 -8 27
2018-06-30 1,904 12 16
2018-03-31 1,928 32 5
2017-12-31 1,918 21 -28
2017-09-30 1,907 11 -61
2017-06-30 1,962 10 -44
2017-03-31 2,017 9 -26
2016-12-31 2,103 33 -7
2016-09-30 2,189 56 13
2016-06-30 2,208 54 36

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Veeko International Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Veeko International 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:1173 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Veeko International Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1173 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 -0.03
2018-12-31 -0.01
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.00
2017-12-31 -0.01
2017-09-30 -0.03
2017-06-30 -0.02
2017-03-31 -0.01
2016-12-31 0.00
2016-09-30 0.01
2016-06-30 0.01

*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 Veeko International Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 1173’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Veeko International 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. Veeko International 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 Veeko International 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 Hong Kong 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.
Veeko International 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.

1173 Past Performance

  How has Veeko International 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 Veeko International Holdings's growth in the last year to its industry (Specialty Retail).
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.
  • Veeko International Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Veeko International Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Veeko International Holdings's 1-year growth to the HK Specialty Retail industry average as it is not currently profitable.
Earnings and Revenue History
Veeko International 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 Veeko International Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1173 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,693.43 -79.35 691.31
2018-12-31 1,786.57 -26.38 703.83
2018-09-30 1,879.72 26.59 716.36
2018-06-30 1,904.02 15.93 743.00
2018-03-31 1,928.32 5.26 769.63
2017-12-31 1,917.68 -28.06 796.94
2017-09-30 1,907.03 -61.37 824.26
2017-06-30 1,962.24 -43.63 830.98
2017-03-31 2,017.45 -25.89 837.70
2016-12-31 2,103.34 -6.68 847.47
2016-09-30 2,189.24 12.54 857.24
2016-06-30 2,207.85 35.74 853.87
2016-03-31 2,226.46 58.93 850.50
2015-12-31 2,213.54 83.38 831.72
2015-09-30 2,200.61 107.82 812.95
2015-06-30 2,098.76 105.13 787.61
2015-03-31 1,996.92 102.44 762.27
2014-12-31 1,879.18 84.45 740.91
2014-09-30 1,761.44 66.46 719.54
2014-06-30 1,690.34 56.11 705.82
2014-03-31 1,619.24 45.76 692.10
2013-12-31 1,566.43 48.79 679.18
2013-09-30 1,513.61 51.83 666.26
2013-06-30 1,461.12 53.03 650.70
2013-03-31 1,408.62 54.24 635.13
2012-12-31 1,369.41 56.04 624.08
2012-09-30 1,330.19 57.83 613.02

*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.
  • It is difficult to establish if Veeko International Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Veeko International Holdings has efficiently used its assets last year compared to the HK Specialty Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Veeko International 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 Veeko International 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 Specialty Retail 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.
Veeko International Holdings has a total score of 0/6, 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.

1173 Health

 How is Veeko International 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 Veeko International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Veeko International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Veeko International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Veeko International 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.
  • Debt is covered by short term assets, assets are 2.2x debt.
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 Veeko International Holdings Company Filings, last reported 3 months ago.

SEHK:1173 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 629.83 265.59 56.06
2018-12-31 629.83 265.59 56.06
2018-09-30 681.45 276.36 34.75
2018-06-30 681.45 276.36 34.75
2018-03-31 718.91 269.21 65.17
2017-12-31 718.91 269.21 65.17
2017-09-30 661.86 269.55 58.58
2017-06-30 661.86 269.55 58.58
2017-03-31 699.45 300.13 80.27
2016-12-31 699.45 300.13 80.27
2016-09-30 745.71 155.95 58.95
2016-06-30 745.71 155.95 58.95
2016-03-31 752.69 161.06 74.23
2015-12-31 752.69 161.06 74.23
2015-09-30 789.69 147.55 92.61
2015-06-30 789.69 147.55 92.61
2015-03-31 745.12 87.63 76.88
2014-12-31 745.12 87.63 76.88
2014-09-30 691.79 119.07 90.46
2014-06-30 691.79 119.07 90.46
2014-03-31 655.23 101.79 97.53
2013-12-31 655.23 101.79 97.53
2013-09-30 637.65 96.03 73.03
2013-06-30 637.65 96.03 73.03
2013-03-31 621.59 76.22 83.17
2012-12-31 621.59 76.22 83.17
2012-09-30 614.61 93.46 92.77
  • Veeko International Holdings's level of debt (42.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (15.6% vs 42.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Veeko International Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Veeko International 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. Veeko International Holdings has a total score of 2/6, 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.

1173 Dividends

 What is Veeko International 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
1.5%
Current annual income from Veeko International Holdings dividends.
If you bought HK$2,000 of Veeko International Holdings shares you are expected to receive HK$30 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?
  • Veeko International Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Veeko International Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.72%).
Upcoming dividend payment

Purchase Veeko International Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:1173 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 Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 5.5%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:1173 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-06-27 0.002 1.720
2018-12-18 0.004 2.677
2018-11-19 0.004 2.304
2018-07-27 0.010 5.470
2017-12-18 0.010 5.414
2017-11-28 0.010 6.250
2017-07-25 0.000 0.000
2017-06-26 0.000 0.000
2016-07-13 0.013 6.359
2015-09-02 0.020 6.604
2014-07-17 0.014 4.333
2014-06-27 0.014 4.908
2013-07-18 0.014 5.237
2013-06-25 0.014 6.642
2012-12-11 0.014 6.113
2012-07-19 0.015 7.697
2012-06-25 0.015 7.879
2011-06-24 0.022 8.892
2010-11-26 0.012 2.943
2010-07-13 0.012 3.667
2009-12-30 0.004 1.999
2009-12-17 0.004 2.510
2009-07-23 0.004 2.774
2008-12-18 0.011 10.744
2008-07-24 0.017 13.672

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Veeko International Holdings's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Veeko International Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Veeko International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Veeko International 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.

1173 Management

 What is the CEO of Veeko International 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
Yuk Sum Lam
COMPENSATION HK$691,000
AGE 59
CEO Bio

Mrs. Yuk Sum Lam serves as Chief Executive Officer at Veeko International Holdings Ltd and served as its Managing Director and Head of Strategic Planning. Mrs. Lam is responsible for the overall strategic planning as well as Veeko International Holdings Ltd.'s merchandising management and design and development. She joined Veeko International Holdings Ltd. in 1987 and has over 20 years of experience in fashion design and garment industry. Mrs. Lam serves as an Executive Director of Veeko International Holdings Ltd.

CEO Compensation
  • Yuk Sum's compensation has increased whilst company is loss making.
  • Yuk Sum's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team

Johnny Cheng

TITLE
Founder & Chairman
COMPENSATION
HK$2M
AGE
62
TENURE
35.5 yrs

Yuk Sum Lam

TITLE
CEO & Executive Director
COMPENSATION
HK$691K
AGE
59

Chi Wong

TITLE
Financial Controller & Company Secretary
AGE
50
Board of Directors Tenure

Average tenure and age of the Veeko International Holdings board of directors in years:

5.9
Average Tenure
64
Average Age
  • The tenure for the Veeko International Holdings board of directors is about average.
Board of Directors

Johnny Cheng

TITLE
Founder & Chairman
COMPENSATION
HK$2M
AGE
62

Yuk Sum Lam

TITLE
CEO & Executive Director
COMPENSATION
HK$691K
AGE
59

Wing Yeung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$150K
AGE
66
TENURE
14.8 yrs

John Fok

TITLE
Independent Non-Executive Director
COMPENSATION
HK$130K
AGE
69
TENURE
8.3 yrs

Man Tin Lam

TITLE
Non-Executive Director
COMPENSATION
HK$130K
AGE
60
TENURE
3.4 yrs

Hau Cheong Au-Yeung

TITLE
Independent Non-Executive Director
AGE
70
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Veeko International 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. Veeko International 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.

1173 News

Simply Wall St News

Does Veeko International Holdings (HKG:1173) Have A Healthy Balance Sheet?

SEHK:1173 Historical Debt, July 11th 2019 How Strong Is Veeko International Holdings's Balance Sheet? … We can see from the most recent balance sheet that Veeko International Holdings had liabilities of HK$371.5m falling due within a year, and liabilities of HK$21.5m due beyond that. … Since Veeko International Holdings does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time.

Simply Wall St -

Introducing Veeko International Holdings (HKG:1173), The Stock That Slid 58% In The Last Five Years

In contrast to the share price, revenue has actually increased by 3.2% a year in the five year period. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity. … Dive deeper into the earnings by checking this interactive graph of Veeko International Holdings's earnings, revenue and cash flow.

Simply Wall St -

What Percentage Of Veeko International Holdings Limited (HKG:1173) Shares Do Insiders Own?

If you want to know who really controls Veeko International Holdings Limited (HKG:1173), then you'll have to look at the makeup of its share registry. … Veeko International Holdings is a smaller company with a market capitalization of HK$378m, so it may still be flying under the radar of many institutional investors. … institutions are not on the share registry

Simply Wall St -

Are Veeko International Holdings Limited's (HKG:1173) Interest Costs Too High?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Understanding the company's financial health becomes. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Is Veeko International Holdings Limited's (HKG:1173) CEO Pay Fair?

Yuk Sum Lam is the CEO of Veeko International Holdings Limited (HKG:1173). … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … At the time of writing our data says that Veeko International Holdings Limited has a market cap of HK$423m, and is paying total annual CEO compensation of HK$691k.

Simply Wall St -

Introducing Veeko International Holdings, The Stock That Slid 55% In The Last Five Years

At this point some shareholders may be questioning their investment in Veeko International Holdings Limited (HKG:1173), since the last five years saw the share price fall 55%. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity

Simply Wall St -

How Veeko International Holdings Limited (HKG:1173) Can Impact Your Portfolio Volatility

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Do Insiders Own Lots Of Shares In Veeko International Holdings Limited (HKG:1173)?

Every investor in Veeko International Holdings Limited (HKG:1173) should be aware of the most powerful shareholder groups. … Veeko International Holdings is a smaller company with a market capitalization of HK$448m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Veeko International Holdings

Simply Wall St -

Is Veeko International Holdings Limited (HKG:1173) A Financially Sound Company?

While small-cap stocks, such as Veeko International Holdings Limited (HKG:1173) with its market cap of HK$438m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Companies operating in the Specialty Retail industry facing headwinds from current disruption,. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

What Kind Of Risk Should You Expect For Veeko International Holdings Limited (HKG:1173)?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

1173 Company Info

Description

Veeko International Holdings Limited, an investment holding company, engages in the cosmetics and fashion businesses. The company sells skin care, fragrance, make-up, hairdressing, body care, and cosmeceutical and health food products through its Colourmix and MORIMOR stores. It also manufactures and sells ladies fashion products. In addition, the company is involved in property holding business. As of March 31, 2018, it had 84 Colourmix stores, including 78 stores in Hong Kong, 5 stores in Macau, and 1 store in China; 8 MORIMOR stores in Hong Kong; and 101 fashion stores in Hong Kong, Macau, Singapore, and Mainland China. The company was founded in 1984 and is headquartered in Kwai Chung, Hong Kong. Veeko International Holdings Limited is a subsidiary of Silver Crown Profits Limited.

Details
Name: Veeko International Holdings Limited
1173
Exchange: SEHK
Founded: 1984
HK$314,750,166
2,518,001,334
Website: http://www.veeko.com.hk
Address: Veeko International Holdings Limited
Wyler Centre Phase II,
10th Floor,
Kwai Chung,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1173 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 22. Oct 1999
Number of employees
Current staff
Staff numbers
1,700
Veeko International Holdings employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 12:36
End of day share price update: 2019/07/18 00:00
Last earnings filing: 2019/06/27
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.