Chow Tai Fook Jewellery Group Limited, an investment holding company, manufactures and sells jewelry products.
Adequate balance sheet average dividend payer.
Share Price & News
How has Chow Tai Fook Jewellery Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1929's share price has been volatile over the past 3 months.
7 Day Return
HK Specialty Retail
1 Year Return
HK Specialty Retail
Return vs Industry: 1929 underperformed the Hong Kong Specialty Retail industry which returned 6.5% over the past year.
Return vs Market: 1929 underperformed the Hong Kong Market which returned -9.9% over the past year.
Price Volatility Vs. Market
How volatile is Chow Tai Fook Jewellery Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
18 hours ago | Simply Wall StHere's What We Think About Chow Tai Fook Jewellery Group Limited's (HKG:1929) CEO Pay
2 weeks ago | Simply Wall StShare Price Aside, Chow Tai Fook Jewellery Group (HKG:1929) Has Delivered Shareholders A 4.1% Return.
Is Chow Tai Fook Jewellery Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1929 (HK$5.74) is trading below our estimate of fair value (HK$11.85)
Significantly Below Fair Value: 1929 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1929 is poor value based on its PE Ratio (13.8x) compared to the Specialty Retail industry average (9.3x).
PE vs Market: 1929 is poor value based on its PE Ratio (13.8x) compared to the Hong Kong market (9.4x).
Price to Earnings Growth Ratio
PEG Ratio: 1929 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 1929 is overvalued based on its PB Ratio (2.2x) compared to the HK Specialty Retail industry average (0.8x).
How is Chow Tai Fook Jewellery Group forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1929's forecast earnings growth (19.3% per year) is above the savings rate (1.6%).
Earnings vs Market: 1929's earnings (19.3% per year) are forecast to grow faster than the Hong Kong market (17% per year).
High Growth Earnings: 1929's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1929's revenue (11.7% per year) is forecast to grow faster than the Hong Kong market (10.6% per year).
High Growth Revenue: 1929's revenue (11.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1929's Return on Equity is forecast to be low in 3 years time (18.1%).
How has Chow Tai Fook Jewellery Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1929 has high quality earnings.
Growing Profit Margin: 1929's current net profit margins (6.3%) are lower than last year (6.6%).
Past Earnings Growth Analysis
Earnings Trend: 1929's earnings have declined by -4.4% per year over the past 5 years.
Accelerating Growth: 1929's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1929 had negative earnings growth (-1.9%) over the past year, making it difficult to compare to the Specialty Retail industry average (-17.1%).
Return on Equity
High ROE: 1929's Return on Equity (15.8%) is considered low.
How is Chow Tai Fook Jewellery Group's financial position?
Financial Position Analysis
Short Term Liabilities: 1929's short term assets (HK$53.8B) exceed its short term liabilities (HK$34.7B).
Long Term Liabilities: 1929's short term assets (HK$53.8B) exceed its long term liabilities (HK$2.6B).
Debt to Equity History and Analysis
Debt Level: 1929's debt to equity ratio (79.8%) is considered high.
Reducing Debt: 1929's debt to equity ratio has increased from 36.9% to 79.8% over the past 5 years.
Debt Coverage: 1929's debt is well covered by operating cash flow (40.7%).
Interest Coverage: 1929's interest payments on its debt are well covered by EBIT (17x coverage).
What is Chow Tai Fook Jewellery Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1929's dividend (10.8%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.62%).
High Dividend: 1929's dividend (10.8%) is in the top 25% of dividend payers in the Hong Kong market (7.25%)
Stability and Growth of Payments
Stable Dividend: 1929 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1929's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (76.7%), 1929's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1929's dividends in 3 years are forecast to be covered by earnings (83% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kent Wong (63yo)
Mr. Siu-Kee Wong, also known as Kent has been Managing Director at Chow Tai Fook Jewellery Group Ltd. since July 26, 2011 and serves as its Executive Director.
CEO Compensation Analysis
Compensation vs Market: Kent's total compensation ($USD1.95M) is above average for companies of similar size in the Hong Kong market ($USD593.00K).
Compensation vs Earnings: Kent's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive Chairman||8.83yrs||HK$14.10m||no data|
|MD & Executive Director||8.83yrs||HK$15.10m||0.00012% HK$68.9k|
|Finance Director||8.83yrs||HK$9.00m||0.000050% HK$28.7k|
|Executive Director||8.83yrs||HK$6.70m||0.00020% HK$114.8k|
|Executive Director||8.83yrs||HK$7.70m||no data|
|Executive Director||8.83yrs||HK$10.10m||0.00012% HK$68.9k|
|Executive Director||8.83yrs||HK$7.20m||0.00012% HK$68.9k|
|GM & Executive Director||8.83yrs||HK$7.60m||0.000040% HK$23.0k|
|Executive Director||8.83yrs||HK$4.40m||no data|
|GM of the Mainland China Management Centre & Executive Director||4.33yrs||HK$7.60m||0.00012% HK$68.9k|
Experienced Board: 1929's board of directors are considered experienced (8.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Chow Tai Fook Jewellery Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Chow Tai Fook Jewellery Group Limited
- Ticker: 1929
- Exchange: SEHK
- Founded: 1929
- Industry: Specialty Stores
- Sector: Retail
- Market Cap: HK$57.400b
- Shares outstanding: 10.00b
- Website: https://www.ctfjewellerygroup.com
Number of Employees
- Chow Tai Fook Jewellery Group Limited
- New World Tower
- 33rd Floor
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|1929||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Dec 2011|
|CJEW.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Dec 2011|
|1CT||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 2011|
|1929||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Dec 2011|
|1929||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Dec 2011|
|CJEW.Y||OTCPK (Pink Sheets LLC)||ADR REP 10 SHS||US||USD||Aug 2012|
Chow Tai Fook Jewellery Group Limited, an investment holding company, manufactures and sells jewelry products. The company offers high-end luxury, mass luxury, and youth line jewelry products, including gem-set, gold, and platinum/karat gold products under the CHOW TAI FOOK, HEARTS ON FIRE, T MARK, MONOLOGUE, and SOINLOVE brands. It also distributes watches of various brands. In addition, the company is involved in the trading of diamonds. The company also sells its products through online platforms. As of March 31, 2019, it had 3,134 points of sale in Mainland China, Hong Kong, Macau, Taiwan, Cambodia, Korea, Japan, Malaysia, Singapore, the United States, and Vietnam. It also operates Chow Tai Fook North America, a business hub that engages in the wholesale of diamond jewellery brands, such as HEARTS ON FIRE and MÉMOIRE located in Boston, Massachusetts. The company was founded in 1929 and is headquartered in Central, Hong Kong. Chow Tai Fook Jewellery Group Limited is a subsidiary of Chow Tai Fook (Holding) Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/28 07:58|
|End of Day Share Price||2020/05/27 00:00|
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.