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178

Sa Sa International HoldingsSEHK:178 Stock Report

Market Cap

HK$5.4b

7D

-1.7%

1Y

44.2%

Updated

26 Oct, 2021

Data

Company Financials +
178 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance0/6
Financial Health6/6
Dividends0/6

178 Overview

Sa Sa International Holdings Limited, an investment holding company, engages in the retail and wholesale of cosmetic products in Hong Kong and Macau, Mainland China, and Malaysia.

Rewards

Earnings are forecast to grow 86.43% per year

Risk Analysis

No risks detected for 178 from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Sa Sa International Holdings
Historical stock prices
Current Share PriceHK$1.73
52 Week HighHK$1.06
52 Week LowHK$2.29
Beta1.2
1 Month Change4.22%
3 Month Change-12.18%
1 Year Change44.17%
3 Year Change-42.53%
5 Year Change-50.14%
Change since IPO-5.21%

Recent News & Updates

Feb 19
What You Need To Know About Sa Sa International Holdings Limited's (HKG:178) Investor Composition

What You Need To Know About Sa Sa International Holdings Limited's (HKG:178) Investor Composition

The big shareholder groups in Sa Sa International Holdings Limited ( HKG:178 ) have power over the company. Insiders...

Shareholder Returns

178HK Specialty RetailHK Market
7D-1.7%-2.7%0.4%
1Y44.2%22.0%6.7%

Return vs Industry: 178 exceeded the Hong Kong Specialty Retail industry which returned 22% over the past year.

Return vs Market: 178 exceeded the Hong Kong Market which returned 6.7% over the past year.

Price Volatility

Is 178's price volatile compared to industry and market?
178 volatility
178 Beta1.2
Industry Beta0.89
Market Beta1

Stable Share Price: 178 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 178's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19783,200Simon Kwokhttps://corp.sasa.com/en/home

Sa Sa International Holdings Limited, an investment holding company, engages in the retail and wholesale of cosmetic products in Hong Kong and Macau, Mainland China, and Malaysia. The company offers approximately 600 brands of skincare, fragrance, make-up, body care, hair care, and health and beauty supplements. It is also involved in intellectual property rights and property holding activities, as well as trading of cosmetic and skin care products.

Sa Sa International Holdings Fundamentals Summary

How do Sa Sa International Holdings's earnings and revenue compare to its market cap?
178 fundamental statistics
Market CapHK$5.37b
Earnings (TTM)-HK$359.30m
Revenue (TTM)HK$3.04b

1.8x

P/S Ratio

-14.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
178 income statement (TTM)
RevenueHK$3.04b
Cost of RevenueHK$1.99b
Gross ProfitHK$1.05b
ExpensesHK$1.41b
Earnings-HK$359.30m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.12
Gross Margin34.57%
Net Profit Margin-11.81%
Debt/Equity Ratio0%

How did 178 perform over the long term?

See historical performance and comparison

Valuation

Is Sa Sa International Holdings undervalued compared to its fair value and its price relative to the market?

4.04x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 178 (HK$1.73) is trading above our estimate of fair value (HK$0.62)

Significantly Below Fair Value: 178 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 178 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Specialty Retail industry average.

PE vs Market: 178 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 178's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 178 is overvalued based on its PB Ratio (4x) compared to the HK Specialty Retail industry average (1.1x).


Future Growth

How is Sa Sa International Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

86.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 178 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: 178 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 178's is expected to become profitable in the next 3 years.

Revenue vs Market: 178's revenue (19.8% per year) is forecast to grow faster than the Hong Kong market (12.4% per year).

High Growth Revenue: 178's revenue (19.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 178's Return on Equity is forecast to be very high in 3 years time (44.6%).


Past Performance

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

-46.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 178 is currently unprofitable.

Growing Profit Margin: 178 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 178 is unprofitable, and losses have increased over the past 5 years at a rate of 46.3% per year.

Accelerating Growth: Unable to compare 178's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 178 is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (54.7%).


Return on Equity

High ROE: 178 has a negative Return on Equity (-27.01%), as it is currently unprofitable.


Financial Health

How is Sa Sa International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 178's short term assets (HK$1.6B) exceed its short term liabilities (HK$850.7M).

Long Term Liabilities: 178's short term assets (HK$1.6B) exceed its long term liabilities (HK$330.1M).


Debt to Equity History and Analysis

Debt Level: 178 is debt free.

Reducing Debt: 178 has not had any debt for past 5 years.

Debt Coverage: 178 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 178 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

1.88%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 178's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 178's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 178's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 178's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 178 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 178's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

16.7yrs

Average management tenure


CEO

Simon Kwok (68 yo)

24.83yrs

Tenure

HK$1,768,000

Compensation

Dr. Siu Ming Kwok, also known as Simon, BBS, JP serves as an Executive Chairman and Chief Executive Officer of Sa Sa International Holdings Ltd. Dr. Kwok co-Founded Sa Sa International Holdings Ltd. in 197...


CEO Compensation Analysis

Compensation vs Market: Simon's total compensation ($USD227.43K) is below average for companies of similar size in the Hong Kong market ($USD440.19K).

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


Leadership Team

Experienced Management: 178's management team is seasoned and experienced (16.7 years average tenure).


Board Members

Experienced Board: 178's board of directors are seasoned and experienced ( 11.6 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

Sa Sa International Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Sa Sa International Holdings Limited
  • Ticker: 178
  • Exchange: SEHK
  • Founded: 1978
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: HK$5.369b
  • Shares outstanding: 3.10b
  • Website: https://corp.sasa.com/en/home

Number of Employees


Location

  • Sa Sa International Holdings Limited
  • MP Industrial Centre
  • 8th Floor
  • Chai Wan
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:09
End of Day Share Price2021/10/26 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.