SEHK:1173

Stock Analysis Report

Veeko International Holdings

Executive Summary

Veeko International Holdings Limited, an investment holding company, engages in the cosmetics and fashion businesses.

Snowflake

Fundamentals

Fair value with imperfect balance sheet.

Risks

  • Veeko International Holdings has significant price volatility in the past 3 months.
  • Veeko International Holdings is not covered by any analysts.

Share Price & News

How has Veeko International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-7.3%

SEHK:1173

2.6%

HK Specialty Retail

2.5%

HK Market


1 Year Return

-51.6%

SEHK:1173

-2.8%

HK Specialty Retail

-3.9%

HK Market

1173 underperformed the Specialty Retail industry which returned -2.8% over the past year.

1173 underperformed the Market in Hong Kong which returned -3.9% over the past year.


Share holder returns

1173IndustryMarket
7 Day-7.3%2.6%2.5%
30 Day4.7%5.6%7.6%
90 Day-23.9%2.7%0.8%
1 Year-51.0%-51.6%2.4%-2.8%-0.4%-3.9%
3 Year-60.5%-64.4%26.1%11.6%19.6%7.6%
5 Year-59.4%-67.0%-7.6%-24.9%17.7%-1.7%

Price Volatility Vs. Market

How volatile is Veeko International Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Veeko International Holdings undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Veeko International Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

Veeko International Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

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

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

Veeko International Holdings is good value based on assets compared to the HK Specialty Retail industry average.


Next Steps

Future Growth

How is Veeko International Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.4%

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 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Veeko International Holdings performed over the past 5 years?

-53.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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.


Return on Equity

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.


Return on Assets

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.


Return on Capital Employed

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.


Next Steps

Financial Health

How is Veeko International Holdings's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Veeko International Holdings's level of debt (42.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (15.5% vs 42.2% today).

Debt is not well covered by operating cash flow (16.3%, less than 20% of total debt).

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.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.2x debt.


Next Steps

Dividend

What is Veeko International Holdings's current dividend yield, its reliability and sustainability?

2.25%

Current Dividend Yield


Dividend Yield and Payments Analysis

Veeko International Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.19%).

Veeko International Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (6.06%).

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

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.


Next Steps

Management

What is the CEO of Veeko International Holdings's salary, the management and board of directors tenure and is there insider trading?

6.0yrs

Average board tenure


CEO

Yuk Sum Lam (59yo)

0yrs

Tenure

HK$691,000

Compensation

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  ...


CEO Compensation Analysis

Yuk Sum's remuneration is lower than average for companies of similar size in Hong Kong.

Yuk Sum's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

6.0yrs

Average Tenure

64yo

Average Age

The tenure for the Veeko International Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Johnny Cheng (62yo)

    Founder & Chairman

    • Tenure: 0yrs
    • Compensation: HK$1.58m
  • Chi Wong (50yo)

    Financial Controller & Company Secretary

    • Tenure: 0yrs
  • Yuk Sum Lam (59yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: HK$691.00k

Board Members

  • Man Tin Lam (60yo)

    Non-Executive Director

    • Tenure: 3.6yrs
    • Compensation: HK$130.00k
  • Johnny Cheng (62yo)

    Founder & Chairman

    • Tenure: 0yrs
    • Compensation: HK$1.58m
  • Yuk Sum Lam (59yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: HK$691.00k
  • Wing Kay Yeung (66yo)

    Independent Non-Executive Director

    • Tenure: 15yrs
    • Compensation: HK$150.00k
  • John Fok (69yo)

    Independent Non-Executive Director

    • Tenure: 8.5yrs
    • Compensation: HK$130.00k
  • Hau Cheong Au-Yeung (70yo)

    Independent Non-Executive Director

    • Tenure: 1.2yrs
    • Compensation: HK$93.00k

Company Information

Veeko International Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Veeko International Holdings Limited
  • Ticker: 1173
  • Exchange: SEHK
  • Founded: 1984
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: HK$224.102m
  • Shares outstanding: 2.52b
  • Website: https://www.veeko.com.hk

Number of Employees


Location

  • Veeko International Holdings Limited
  • Wyler Centre Phase II
  • 10th Floor
  • Kwai Chung
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1173SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 1999

Biography

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 cosmeceut ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 12:38
End of Day Share Price2019/09/13 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.