SEHK:186

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Nimble Holdings Company Limited, an investment holding company, distributes houseware and audio products in the People’s Republic of China, rest of Asia, the United States, Canada, and Europe. More Details


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-9.1%

186

-0.5%

HK Retail Distributors

1.2%

HK Market


1 Year Return

-27.7%

186

-15.5%

HK Retail Distributors

2.7%

HK Market

Return vs Industry: 186 underperformed the Hong Kong Retail Distributors industry which returned -15.5% over the past year.

Return vs Market: 186 underperformed the Hong Kong Market which returned 2.7% over the past year.


Shareholder returns

186IndustryMarket
7 Day-9.1%-0.5%1.2%
30 Day21.2%0.7%4.0%
90 Day-7.7%-5.6%3.2%
1 Year-27.7%-27.7%-13.3%-15.5%7.0%2.7%
3 Year-63.0%-63.0%-48.5%-51.5%-4.4%-14.8%
5 Yearn/a-39.5%-45.9%19.5%-0.7%

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?

7.21x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 186 (HK$0.6) is trading above our estimate of fair value (HK$0.33)

Significantly Below Fair Value: 186 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 186 is unprofitable, so we can't compare its PE Ratio to the HK Retail Distributors industry average.

PE vs Market: 186 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 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 (7.2x) compared to the HK Retail Distributors industry average (0.6x).


Next Steps

Future Growth

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

7.9%

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?

-22.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 186 is currently unprofitable.

Growing Profit Margin: 186 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 186 is unprofitable, and losses have increased over the past 5 years at a rate of 22.7% per year.

Accelerating Growth: Unable to compare 186's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 186 is unprofitable, making it difficult to compare its past year earnings growth to the Retail Distributors industry (7.2%).


Return on Equity

High ROE: 186 has a negative Return on Equity (-21.86%), as it is currently unprofitable.


Next Steps

Financial Health

How is Nimble Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 186's short term assets (HK$785.0M) exceed its short term liabilities (HK$143.0M).

Long Term Liabilities: 186's short term assets (HK$785.0M) exceed its long term liabilities (HK$230.0M).


Debt to Equity History and Analysis

Debt Level: 186's debt to equity ratio (43.1%) is considered high.

Reducing Debt: 186 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: 186's debt is not well covered by operating cash flow (8%).

Interest Coverage: Insufficient data to determine if 186's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate 186'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 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

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

6.1yrs

Average management tenure


CEO

Bingzhao Tan (56 yo)

2.83yrs

Tenure

HK$6,020,000

Compensation

Mr. Bingzhao Tan has been the Chairman of the Board and Chief Executive Officer of Nimble Holdings Company Limited (formerly known as The Grande Holdings Limited) since December 2, 2017. He is currently th ...


CEO Compensation Analysis

Compensation vs Market: Bingzhao's total compensation ($USD776.77K) is above average for companies of similar size in the Hong Kong market ($USD339.35K).

Compensation vs Earnings: Bingzhao's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Bingzhao Tan
Chairman of the Board & CEO2.83yrsHK$6.02m65.85%
HK$ 2.2b
Hung Sun Ho
Founding Chairmanno datano datano data
W. Lam
Executive Director of Corporate Finance and Developmentno datano datano data
Yen Kee Lee
Group Legal Counselno datano datano data
Tat On Chiang
Executive Director of Sales and Marketingno datano datano data
H. Yeung
Deputy Managing Director of Electronics Manufacturing Services Divisionno datano datano data
Takeshi Nakamichi
Deputy Managing Director of Branded Distribution Divisionno datano datano data
Xiangping Deng
Executive Director2.83yrsHK$380.00kno data
Eleanor Crosthwaite
Managing Director of Treasuryno datano datano data
Yick Lok Hui
Company Secretary6.08yrsno datano data
Linda Longworth
Assistant Company Secretary15.42yrsno datano data

6.1yrs

Average Tenure

61yo

Average Age

Experienced Management: 186's management team is seasoned and experienced (6.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bingzhao Tan
Chairman of the Board & CEO2.83yrsHK$6.02m65.85%
HK$ 2.2b
Xiangping Deng
Executive Director2.83yrsHK$380.00kno data
Zhenghua Lu
Independent Non-Executive Director2.83yrsHK$130.00kno data
Jinying Lin
Independent Non-Executive Director2.83yrsHK$130.00kno data
Hengqing Ye
Independent Non-Executive Director2.83yrsHK$130.00kno data

2.8yrs

Average Tenure

56yo

Average Age

Experienced Board: 186's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

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$3.295b
  • 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

Biography

Nimble Holdings Company Limited, an investment holding company, distributes houseware and audio products in the People’s Republic of China, rest of Asia, the United States, Canada, and Europe. The company ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 12:40
End of Day Share Price2020/10/23 00:00
Earnings2020/03/31
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.