Executive Summary
Sa Sa International Holdings Limited, an investment holding company, engages in the retail and wholesale of cosmetic products.
Snowflake
Fundamentals
Flawless balance sheet with acceptable track record.
Share Price & News
How has Sa Sa International Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
16.4%
178
3.6%
HK Specialty Retail
0.3%
HK Market
1 Year Return
-35.0%
178
5.5%
HK Specialty Retail
1.3%
HK Market
Return vs Industry: 178 underperformed the Hong Kong Specialty Retail industry which returned 5.5% over the past year.
Return vs Market: 178 underperformed the Hong Kong Market which returned 1.3% over the past year.
Shareholder returns
| 178 | Industry | Market | |
|---|---|---|---|
| 7 Day | 16.4% | 3.6% | 0.3% |
| 30 Day | 17.8% | 2.5% | 0.5% |
| 90 Day | -10.4% | -3.4% | -4.6% |
| 1 Year | -29.9%-35.0% | 11.2%5.5% | 4.9%1.3% |
| 3 Year | -35.7%-46.1% | 21.1%7.4% | 15.3%3.7% |
| 5 Year | -49.2%-63.0% | -5.9%-24.2% | 20.0%-0.006% |
Price Volatility Vs. Market
How volatile is Sa Sa International Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Do You Know What Sa Sa International Holdings Limited's (HKG:178) P/E Ratio Means?3 weeks ago | Simply Wall St
Did Changing Sentiment Drive Sa Sa International Holdings's (HKG:178) Share Price Down A Worrying 67%?1 month ago | Simply Wall St
Sa Sa International Holdings Limited (HKG:178) Earns Among The Best Returns In Its IndustryValuation
Is Sa Sa International Holdings undervalued compared to its fair value and its price relative to the market?
12.9x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 178 (HK$1.99) is trading above our estimate of fair value (HK$1.73)
Significantly Below Fair Value: 178 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 178 is poor value based on its PE Ratio (12.9x) compared to the Specialty Retail industry average (11.4x).
PE vs Market: 178 is poor value based on its PE Ratio (12.9x) compared to the Hong Kong market (10.3x).
Price to Earnings Growth Ratio
PEG Ratio: 178's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 178 is overvalued based on its PB Ratio (2.5x) compared to the HK Specialty Retail industry average (0.8x).
Next Steps
Future Growth
How is Sa Sa International Holdings forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
-0.04%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 178's earnings are forecast to decline over the next 3 years (-0.04% per year).
Earnings vs Market: 178's earnings are forecast to decline over the next 3 years (-0.04% per year).
High Growth Earnings: 178's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 178's revenue (0.5% per year) is forecast to grow slower than the Hong Kong market (10% per year).
High Growth Revenue: 178's revenue (0.5% 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 low in 3 years time (18.2%).
Next Steps
Past Performance
How has Sa Sa International Holdings performed over the past 5 years?
-17.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 178's earnings have declined by -17.8% per year over the past 5 years.
Accelerating Growth: 178's earnings growth over the past year (1.5%) exceeds its 5-year average (-17.8% per year).
Earnings vs Industry: 178 earnings growth over the past year (1.5%) underperformed the Specialty Retail industry 1.5%.
Return on Equity
High ROE: 178's Return on Equity (19%) is considered low.
Return on Assets
ROA vs Industry: 178 has a higher Return on Assets than the Specialty Retail industry average last year.
Return on Capital Employed
ROCE Improving: 178 has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Sa Sa International Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 178's short term assets (HK$2.9B) exceeds its short term liabilities (HK$863.5M)
Long Term Liabilities: 178's short term assets (2.9B) exceeds its long term liabilities (56.3M)
Debt to Equity History and Analysis
Debt Level: 178 is debt free.
Reducing Debt: 178 has no debt compared to 5 years ago when its debt to equity ratio was 3.4%.
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
Inventory Level: 178 has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 178's debt is covered by short term assets.
Next Steps
Dividend
What is Sa Sa International Holdings's current dividend yield, its reliability and sustainability?
8.04%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 178's dividend (8.04%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 178's dividend (8.04%) is in the top 25% of dividend payers in the Hong Kong market (6.18%)
Stable Dividend: 178's dividend payments have been volatile in the past 10 years.
Growing Dividend: 178's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (103.7%), 178's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 178's dividends in 3 years are not forecast to be well covered by earnings (107.4% payout ratio).
Next Steps
Management
What is the CEO of Sa Sa International Holdings's salary, the management and board of directors tenure and is there insider trading?
5.0yrs
Average management tenure
CEO
Simon Kwok (66yo)
22.8yrs
Tenure
HK$3,096,000
Compensation
Dr. Siu Ming Kwok, also known as Simon, BBS, JP serves as an Executive Chairman and Chief Executive Officer of Sa Sa International Holdings Ltd. Dr. Kwok co-Founded Sa Sa International Holdings Ltd. in 197 ...
CEO Compensation Analysis
Compensation vs. Market: Simon's total compensation ($USD394.77K) is about average for companies of similar size in the Hong Kong market ($USD404.79K).
Compensation vs Earnings: Simon's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.0yrs
Average Tenure
59yo
Average Age
Experienced Management: 178's management team is seasoned and experienced (5 years average tenure).
Board Age and Tenure
9.6yrs
Average Tenure
62.5yo
Average Age
Experienced Board: 178's board of directors are considered experienced (9.6 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.
Recent Insider Transactions
| Entity | Individual |
| Shares | 51,949 |
| Max Price | HK$3.00 |
Ownership Breakdown
Management Team
Simon Kwok (66yo)
Executive Chairman & CEO
- Tenure: 22.8yrs
- Compensation: HK$3.10m
Eleanor Kwok Law (65yo)
Vice-Chairman
- Tenure: 0yrs
- Compensation: HK$2.93m
Peter Law (63yo)
Senior Vice President of Category Management & Product Development
- Tenure: 11.8yrs
Guy Look (62yo)
CFO & Executive Director
- Tenure: 17.1yrs
- Compensation: HK$3.51m
Simmy Mak (53yo)
Senior VP
- Tenure: 5yrs
Andy Tsoi (49yo)
Senior VP of Finance & Accounting and Group Financial Controller
- Tenure: 3.5yrs
Tony Yung (56yo)
Senior Vice President of eCommerce
- Tenure: 3.3yrs
Ming Chan
Director of Corporate Communications & Investor Relations
- Tenure: 0yrs
Melody Kwok (41yo)
Executive Director
- Tenure: 0.08yrs
Board Members
Simon Kwok (66yo)
Executive Chairman & CEO
- Tenure: 22.8yrs
- Compensation: HK$3.10m
Eleanor Kwok Law (65yo)
Vice-Chairman
- Tenure: 0yrs
- Compensation: HK$2.93m
Leonie Ki (72yo)
Independent Non-Executive Director
- Tenure: 12.8yrs
- Compensation: HK$412.00k
Guy Look (62yo)
CFO & Executive Director
- Tenure: 17.1yrs
- Compensation: HK$3.51m
Wee Seng Tan (63yo)
Independent Non-Executive Director
- Tenure: 9.6yrs
- Compensation: HK$481.00k
Marie-Christine Lee (59yo)
Non-Executive Director
- Tenure: 6.7yrs
- Compensation: HK$332.00k
Melody Kwok (41yo)
Executive Director
- Tenure: 0.08yrs
Nicholas Chan (45yo)
Independent Non-Executive Director
- Tenure: 0.08yrs
Company Information
Sa Sa International Holdings Limited's company bio, 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$5.989b
- Shares outstanding: 3.10b
- Website: https://www.sasa.com
Number of Employees
Location
- Sa Sa International Holdings Limited
- MP Industrial Centre
- 8th Floor
- Chai Wan
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 178 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jun 1997 |
| SSW | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 1997 |
| 178 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jun 1997 |
| 178 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jun 1997 |
| SAXJ.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Jun 2010 |
Biography
Sa Sa International Holdings Limited, an investment holding company, engages in the retail and wholesale of cosmetic products. The company offers approximately 700 brands of skincare, fragrance, make-up, b ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 12:33 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2019/03/31 |
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.