SEHK:186

Stock Analysis Report

Executive Summary

Nimble Holdings Company Limited, an investment holding company, distributes houseware and audio products in the United States.


Snowflake Analysis

Flawless balance sheet with poor track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 186's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

186

-0.7%

HK Retail Distributors

-0.2%

HK Market


1 Year Return

-16.4%

186

0.7%

HK Retail Distributors

4.5%

HK Market

Return vs Industry: 186 underperformed the Hong Kong Retail Distributors industry which returned 1.4% over the past year.

Return vs Market: 186 underperformed the Hong Kong Market which returned 6.4% over the past year.


Shareholder returns

186IndustryMarket
7 Day0%-0.7%-0.2%
30 Day-3.8%-2.0%3.6%
90 Day-38.6%0.8%7.8%
1 Year-16.4%-16.4%3.9%0.7%8.4%4.5%
3 Year13.3%13.3%-21.9%-27.2%26.8%13.9%
5 Yearn/a-36.0%-26.5%21.0%0.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

56.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 186's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 186's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 186 is poor value based on its PE Ratio (56x) compared to the Retail Distributors industry average (11.9x).

PE vs Market: 186 is poor value based on its PE Ratio (56x) compared to the Hong Kong market (10.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 186's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 186 is overvalued based on its PB Ratio (5.2x) compared to the HK Retail Distributors industry average (0.8x).


Next Steps

Future Growth

How is Nimble Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.5%

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 Nimble 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 Nimble Holdings performed over the past 5 years?

-2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 186 has a high level of non-cash earnings.

Growing Profit Margin: 186's current net profit margins (26.2%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: 186 has become profitable over the past 5 years, growing earnings by -2.3% per year.

Accelerating Growth: 186's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 186 had negative earnings growth (-68.6%) over the past year, making it difficult to compare to the Retail Distributors industry average (-22.7%).


Return on Equity

High ROE: 186's Return on Equity (5.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

  • Explore strong past performing companies in the Retail industry.

Financial Health

How is Nimble Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 186's short term assets (HK$516.0M) exceed its short term liabilities (HK$97.0M).

Long Term Liabilities: 186's short term assets (HK$516.0M) exceed its long term liabilities (HK$18.0M).


Debt to Equity History and Analysis

Debt Level: 186 is debt free.

Reducing Debt: 186 currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: 186 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 186 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 186 has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 186's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.2%markettop25%6.1%industryaverage4.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 186's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 186's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 186's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 186's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 186 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 186's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

2.1yrs

Average board tenure


CEO

Bingzhao Tan (55yo)

2.1yrs

Tenure

HK$4,550,000

Compensation

Mr. Bingzhao Tan has been the Chairman of the Board and Chief Executive Officer of The Grande Holdings Limited since December 2, 2017. Mr. Tan is currently the Honorary chairman and was the president of (G ...


CEO Compensation Analysis

Compensation vs Market: Bingzhao's total compensation ($USD585.18K) is above average for companies of similar size in the Hong Kong market ($USD340.45K).

Compensation vs Earnings: Insufficient data to compare Bingzhao's compensation with company performance.


Board Age and Tenure

2.1yrs

Average Tenure

55yo

Average Age

Experienced Board: 186's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Insider Trading

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.


Management Team

  • H. Yeung (60yo)

    Deputy Managing Director of Electronics Manufacturing Services Division

    • Takeshi Nakamichi (69yo)

      Deputy Managing Director of Branded Distribution Division

      • Christopher Chiang (62yo)

        Executive Director of Sales and Marketing

        • Stanley Ho (97yo)

          Founding Chairman

          • Ruby Lee (57yo)

            Group Legal Counsel

            • Tony Lam (54yo)

              Executive Director of Corporate Finance and Development

              • Eleanor Crosthwaite (65yo)

                Managing Director of Treasury

                • Francis Hui

                  Company Secretary

                  • Tenure: 5.3yrs
                • Bingzhao Tan (55yo)

                  Chairman of the Board & CEO

                  • Tenure: 2.1yrs
                  • Compensation: HK$4.55m
                • Xiangping Deng (55yo)

                  Executive Director

                  • Tenure: 2.1yrs
                  • Compensation: HK$380.00k

                Board Members

                • Zhenghua Lu (56yo)

                  Independent Non-Executive Director

                  • Tenure: 2.1yrs
                  • Compensation: HK$120.00k
                • Bingzhao Tan (55yo)

                  Chairman of the Board & CEO

                  • Tenure: 2.1yrs
                  • Compensation: HK$4.55m
                • Xiangping Deng (55yo)

                  Executive Director

                  • Tenure: 2.1yrs
                  • Compensation: HK$380.00k
                • Jinying Lin (56yo)

                  Independent Non-Executive Director

                  • Tenure: 2.1yrs
                  • Compensation: HK$120.00k
                • Hengqing Ye (48yo)

                  Independent Non-Executive Director

                  • Tenure: 2.1yrs
                  • Compensation: HK$120.00k

                Company Information

                Nimble Holdings Company Limited's company bio, employee growth, exchange listings and data sources


                Key Information

                • Name: Nimble Holdings Company Limited
                • Ticker: 186
                • Exchange: SEHK
                • Founded:
                • Industry: Distributors
                • Sector: Retail
                • Market Cap: HK$2.801b
                • Shares outstanding: 5.49b
                • Website: https://www.nimbleholding.com

                Number of Employees


                Location

                • Nimble Holdings Company Limited
                • TML Tower
                • Flat C01, 32nd Floor
                • Tsuen Wan
                • New Territories
                • Hong Kong

                Listings

                TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
                186SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
                GRND.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992

                Biography

                Nimble Holdings Company Limited, an investment holding company, distributes houseware and audio products in the United States. The company also holds and licenses brands and trademarks, such as Akai, Sansui, and Nakamichi worldwide. In addition, it trades in household appliances, wires, and cables, as well as provides management and corporate finance services. The company was formerly known as The Grande Holdings Limited and changed its name to Nimble Holdings Company Limited in February 2018. The company is based in Tsuen Wan, Hong Kong. Nimble Holdings Company Limited is a subsidiary of Wealth Warrior Global Limited. 


                Company Analysis and Financial Data Status

                All financial data provided by Standard & Poor's Capital IQ.
                DataLast Updated (UTC time)
                Company Analysis2020/01/21 12:38
                End of Day Share Price2020/01/20 00:00
                Earnings2019/09/30
                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.