SEHK:1929

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Chow Tai Fook Jewellery Group

Executive Summary

Chow Tai Fook Jewellery Group Limited, an investment holding company, manufactures and sells jewelry products. More Details


Snowflake Analysis

Adequate balance sheet with moderate growth potential.

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


Market Performance


7 Day Return

0.2%

1929

4.3%

HK Specialty Retail

1.1%

HK Market


1 Year Return

45.6%

1929

40.4%

HK Specialty Retail

1.4%

HK Market

Return vs Industry: 1929 exceeded the Hong Kong Specialty Retail industry which returned 41.7% over the past year.

Return vs Market: 1929 exceeded the Hong Kong Market which returned 2.3% over the past year.


Shareholder returns

1929IndustryMarket
7 Day0.2%4.3%1.1%
30 Day1.4%8.8%7.0%
90 Day24.3%18.3%2.4%
1 Year50.2%45.6%43.3%40.4%5.6%1.4%
3 Year52.2%25.2%44.3%29.1%-4.4%-14.8%
5 Year129.1%53.5%92.9%58.4%20.5%0.2%

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

Valuation

Is Chow Tai Fook Jewellery Group undervalued compared to its fair value and its price relative to the market?

35.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1929 (HK$10.22) is trading above our estimate of fair value (HK$5.87)

Significantly Below Fair Value: 1929 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1929 is poor value based on its PE Ratio (35.2x) compared to the HK Specialty Retail industry average (13.8x).

PE vs Market: 1929 is poor value based on its PE Ratio (35.2x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: 1929 is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: 1929 is overvalued based on its PB Ratio (3.9x) compared to the HK Specialty Retail industry average (1.1x).


Next Steps

Future Growth

How is Chow Tai Fook Jewellery Group forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

21.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1929's forecast earnings growth (21.7% per year) is above the savings rate (1.6%).

Earnings vs Market: 1929's earnings (21.7% per year) are forecast to grow slower than the Hong Kong market (22.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1929's revenue (11.3% per year) is forecast to grow slower than the Hong Kong market (13.2% per year).

High Growth Revenue: 1929's revenue (11.3% 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 high in 3 years time (21.7%)


Next Steps

Past Performance

How has Chow Tai Fook Jewellery Group performed over the past 5 years?

-0.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1929 has high quality earnings.

Growing Profit Margin: 1929's current net profit margins (5.1%) are lower than last year (6.9%).


Past Earnings Growth Analysis

Earnings Trend: 1929's earnings have declined by 0.3% 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 (-36.6%) over the past year, making it difficult to compare to the Specialty Retail industry average (-27.4%).


Return on Equity

High ROE: 1929's Return on Equity (11.1%) is considered low.


Next Steps

Financial Health

How is Chow Tai Fook Jewellery Group's financial position?


Financial Position Analysis

Short Term Liabilities: 1929's short term assets (HK$55.2B) exceed its short term liabilities (HK$35.6B).

Long Term Liabilities: 1929's short term assets (HK$55.2B) exceed its long term liabilities (HK$2.6B).


Debt to Equity History and Analysis

Debt Level: 1929's debt to equity ratio (84.1%) is considered high.

Reducing Debt: 1929's debt to equity ratio has increased from 37.2% to 84.1% over the past 5 years.

Debt Coverage: 1929's debt is well covered by operating cash flow (36.8%).

Interest Coverage: 1929's interest payments on its debt are well covered by EBIT (10.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Chow Tai Fook Jewellery Group current dividend yield, its reliability and sustainability?

2.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1929's dividend (2.35%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 1929's dividend (2.35%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.77%).


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 (82.7%), 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 (80.7% payout ratio).


Next Steps

Management

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

9.3yrs

Average management tenure


CEO

Kent Wong (64 yo)

9.25yrs

Tenure

HK$15,200,000

Compensation

Mr. Siu-Kee Wong, also known as Kent, serves as a Managing Director at Chow Tai Fook Jewellery Group Ltd. since July 26, 2011 and serves as its Executive Director. He joined Chow Tai Fook Jewellery Group L ...


CEO Compensation Analysis

Compensation vs Market: Kent's total compensation ($USD1.96M) is above average for companies of similar size in the Hong Kong market ($USD839.11K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Kar Shun Cheng
Executive Chairman9.25yrsHK$14.30mno data
Siu-Kee Wong
MD & Executive Director9.25yrsHK$15.20m0.00012%
HK$ 122.6k
Ping-Hei Cheng
Finance Director9.25yrsHK$10.10m0.000050%
HK$ 51.1k
Chi-Kong Cheng
Executive Director9.25yrsHK$7.00m0.00020%
HK$ 204.4k
Chi-Heng Cheng
Executive Director9.25yrsHK$8.00mno data
Sai-Cheong Chan
Executive Director9.25yrsHK$11.20m0.00012%
HK$ 122.6k
Hiu-Sang Chan
Executive Director9.25yrsHK$6.50m0.00012%
HK$ 122.6k
Chi-Keung Suen
GM & Executive Director9.25yrsHK$7.70m0.000040%
HK$ 40.9k
Kam-Biu Cheng
Executive Director9.25yrsHK$4.90mno data
Chun-Wai Liu
GM of the Mainland China Management Centre & Executive Director4.75yrsHK$7.90m0.00012%
HK$ 122.6k
Danita On
Director of Investor Relations & Corporate Communicationno datano datano data
Sau-Cheong Lai
Joint Company Secretary & Group General Counsel3.25yrsno datano data

9.3yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 1929's management team is seasoned and experienced (9.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kar Shun Cheng
Executive Chairman9.25yrsHK$14.30mno data
Siu-Kee Wong
MD & Executive Director9.25yrsHK$15.20m0.00012%
HK$ 122.6k
Ping-Hei Cheng
Finance Director9.25yrsHK$10.10m0.000050%
HK$ 51.1k
Chi-Kong Cheng
Executive Director9.25yrsHK$7.00m0.00020%
HK$ 204.4k
Chi-Heng Cheng
Executive Director9.25yrsHK$8.00mno data
Sai-Cheong Chan
Executive Director9.25yrsHK$11.20m0.00012%
HK$ 122.6k
Hiu-Sang Chan
Executive Director9.25yrsHK$6.50m0.00012%
HK$ 122.6k
Chi-Keung Suen
GM & Executive Director9.25yrsHK$7.70m0.000040%
HK$ 40.9k
Kam-Biu Cheng
Executive Director9.25yrsHK$4.90mno data
Chun-Wai Liu
GM of the Mainland China Management Centre & Executive Director4.75yrsHK$7.90m0.00012%
HK$ 122.6k
Kwok-King Fung
Independent Non-Executive Director8.92yrsHK$700.00kno data
Che Keung Kwong
Independent Non-Executive Director8.92yrsHK$900.00kno data

9.3yrs

Average Tenure

60yo

Average Age

Experienced Board: 1929's board of directors are considered experienced (9.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Chow Tai Fook Jewellery Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chow Tai Fook Jewellery Group Limited
  • Ticker: 1929
  • Exchange: SEHK
  • Founded: 1929
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: HK$102.200b
  • Shares outstanding: 10.00b
  • Website: https://www.ctfjewellerygroup.com

Number of Employees


Location

  • Chow Tai Fook Jewellery Group Limited
  • New World Tower
  • 33rd Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1929SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2011
CJEW.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2011
1CTDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2011
1929SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2011
1929SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2011
CJEW.YOTCPK (Pink Sheets LLC)ADR REP 10 SHSUSUSDAug 2012

Biography

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 ge ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 12:52
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.