SEHK:178

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Sa Sa International Holdings

Executive Summary

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. More Details

Rewards

Earnings are forecast to grow 92.48% per year

Risk Analysis

No risks detected for 178 from our risk checks.


Snowflake Analysis

Flawless balance sheet with high growth potential.

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

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.


Market Performance


7 Day Return

0.8%

178

-0.1%

HK Specialty Retail

1.5%

HK Market


1 Year Return

-25.0%

178

47.3%

HK Specialty Retail

11.3%

HK Market

Return vs Industry: 178 underperformed the Hong Kong Specialty Retail industry which returned 47.3% over the past year.

Return vs Market: 178 underperformed the Hong Kong Market which returned 11.3% over the past year.


Shareholder returns

178IndustryMarket
7 Day0.8%-0.1%1.5%
30 Day18.9%4.9%8.1%
90 Day0.8%16.7%6.0%
1 Year-25.0%-25.0%50.0%47.3%15.9%11.3%
3 Year-50.3%-56.0%52.5%36.1%1.7%-8.9%
5 Year-36.3%-50.7%99.5%65.4%33.3%10.8%

Long-Term 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

Valuation

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

2.86x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 178 (HK$1.32) is trading above our estimate of fair value (HK$1.04)

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 HK 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 (2.9x) compared to the HK Specialty Retail industry average (1x).


Next Steps

Future Growth

How is Sa Sa International Holdings forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

92.5%

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 (1.6%).

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 (23.3% per year) is forecast to grow faster than the Hong Kong market (13.7% per year).

High Growth Revenue: 178's revenue (23.3% per year) is forecast to grow faster 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 (17.1%).


Next Steps

  • Explore growth companies in the Retail industry.

Past Performance

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

-37.0%

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 37% 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 (-15.3%).


Return on Equity

High ROE: 178 has a negative Return on Equity (-48.82%), as it is currently unprofitable.


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$1.7B) exceed its short term liabilities (HK$958.1M).

Long Term Liabilities: 178's short term assets (HK$1.7B) exceed its long term liabilities (HK$403.7M).


Debt to Equity History and Analysis

Debt Level: 178 is debt free.

Reducing Debt: 178 had no debt 5 years ago.

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


Next Steps

Dividend

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

1.96%

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?

15.8yrs

Average management tenure


CEO

Simon Kwok (67 yo)

23.92yrs

Tenure

HK$2,583,000

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 ($USD333.26K) is about average for companies of similar size in the Hong Kong market ($USD341.62K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Siu Ming Kwok
Executive Chairman & CEO23.92yrsHK$2.58m49.87%
HK$ 2.0b
Kwai Chun Kwok Law
Vice-Chairmanno dataHK$2.34mno data
Guy Look
CFO & Executive Director18.17yrsHK$3.19m0.023%
HK$ 924.1k
Sze Wai Kwok
Executive Director1.17yrsHK$531.00k0.0037%
HK$ 153.2k
Ming Chan
Director of Corporate Communications & Investor Relationsno datano datano data
Sum Wun Mak
Senior VP6.08yrsno datano data
Kin Ming Law
Senior Vice President of Category Management & Product Development12.83yrsno datano data

15.8yrs

Average Tenure

63.5yo

Average Age

Experienced Management: 178's management team is seasoned and experienced (15.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Siu Ming Kwok
Executive Chairman & CEO23.92yrsHK$2.58m49.87%
HK$ 2.0b
Kwai Chun Kwok Law
Vice-Chairmanno dataHK$2.34mno data
Guy Look
CFO & Executive Director18.17yrsHK$3.19m0.023%
HK$ 924.1k
Sze Wai Kwok
Executive Director1.17yrsHK$531.00k0.0037%
HK$ 153.2k
Man-Fung Ki
Independent Non-Executive Director13.92yrsHK$376.00kno data
Wee Seng Tan
Independent Non-Executive Director10.67yrsHK$443.00kno data
Yun Chun Lee
Non-Executive Director7.67yrsHK$300.00kno data
Hiu Fung Chan
Independent Non-Executive Director1.17yrsHK$182.00kno data

10.7yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 178's board of directors are seasoned and experienced ( 10.7 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.


Recent Insider Transactions

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 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$4.096b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
178SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 1997
SSWDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 1997
SSIL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 1997
178SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJun 1997
178SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJun 1997
SAXJ.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDJun 2010

Biography

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 approx...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 10:05
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.