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244

Sincere CompanySEHK:244 Stock Report

Market Cap

HK$537.3m

7D

10.9%

1Y

45.7%

Updated

21 Oct, 2021

Data

Company Financials
244 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

244 Overview

The Sincere Company, Limited operates a chain of department stores in Hong Kong.

Price History & Performance

Summary of all time highs, changes and price drops for Sincere Company
Historical stock prices
Current Share PriceHK$0.51
52 Week HighHK$0.23
52 Week LowHK$0.79
Beta1.05
1 Month Change8.51%
3 Month Change-7.27%
1 Year Change45.71%
3 Year Change220.76%
5 Year Change24.39%
Change since IPO-72.43%

Recent News & Updates

Shareholder Returns

244HK Multiline RetailHK Market
7D10.9%0.02%1.8%
1Y45.7%-12.0%5.7%

Return vs Industry: 244 exceeded the Hong Kong Multiline Retail industry which returned -11.4% over the past year.

Return vs Market: 244 exceeded the Hong Kong Market which returned 6.2% over the past year.

Price Volatility

Is 244's price volatile compared to industry and market?
244 volatility
244 Beta1.05
Industry Beta0.63
Market Beta1

Stable Share Price: 244 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: 244's weekly volatility has decreased from 17% to 11% over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
1900213Jiaohua Suhttps://www.sincere.com.hk

The Sincere Company, Limited operates a chain of department stores in Hong Kong. The company operates four department stores, which offer fashion apparel, shoes and handbags, and sports equipment, as well as household, electrical, bedding and bath, travel, and food merchandises. It is also involved in property subleasing; securities trading activities; and provision of general and life insurance products.

Sincere Company Fundamentals Summary

How do Sincere Company's earnings and revenue compare to its market cap?
244 fundamental statistics
Market CapHK$537.29m
Earnings (TTM)-HK$145.02m
Revenue (TTM)HK$177.47m

3.0x

P/S Ratio

-3.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
244 income statement (TTM)
RevenueHK$177.47m
Cost of RevenueHK$91.74m
Gross ProfitHK$85.73m
ExpensesHK$230.75m
Earnings-HK$145.02m

Last Reported Earnings

Feb 28, 2021

Next Earnings Date

Oct 22, 2021

Earnings per share (EPS)-0.14
Gross Margin48.31%
Net Profit Margin-81.71%
Debt/Equity Ratio1,112.4%

How did 244 perform over the long term?

See historical performance and comparison

Valuation

Is Sincere Company undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Sincere Company is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Sincere Company has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Future Growth

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

31.3%

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 Sincere Company 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.


Past Performance

How has Sincere Company performed over the past 5 years?

-2.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 244 is currently unprofitable.

Growing Profit Margin: 244 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 244 is unprofitable, and losses have increased over the past 5 years at a rate of 2.5% per year.

Accelerating Growth: Unable to compare 244's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 244 is unprofitable, making it difficult to compare its past year earnings growth to the Multiline Retail industry (13.7%).


Return on Equity

High ROE: 244 has a negative Return on Equity (-512.93%), as it is currently unprofitable.


Financial Health

How is Sincere Company's financial position?


Financial Position Analysis

Short Term Liabilities: 244's short term assets (HK$274.3M) do not cover its short term liabilities (HK$518.0M).

Long Term Liabilities: 244's short term assets (HK$274.3M) exceed its long term liabilities (HK$25.5M).


Debt to Equity History and Analysis

Debt Level: 244's debt to equity ratio (1112.4%) is considered high.

Reducing Debt: 244's debt to equity ratio has increased from 35.4% to 1112.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 244 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: 244 has sufficient cash runway for 2.2 years if free cash flow continues to grow at historical rates of 24.3% each year.


Dividend

What is Sincere Company current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 244's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 244'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 244's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 244's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 244 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 244'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?

0.3yrs

Average management tenure


CEO

Jiaohua Su (49 yo)

0.33

Tenure

Madam Jiaohua Su has been the Chief Executive Officer of Realord Group Holdings Limited since July 18, 2014 and as its Executive Director since June 30, 2014. She serves as an Executive Director at The Sin...


Leadership Team

Experienced Management: 244's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: 244's board of directors are not considered experienced ( 0.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

The Sincere Company, Limited's employee growth, exchange listings and data sources


Key Information

  • Name: The Sincere Company, Limited
  • Ticker: 244
  • Exchange: SEHK
  • Founded: 1900
  • Industry: Department Stores
  • Sector: Retail
  • Market Cap: HK$537.295m
  • Shares outstanding: 1.05b
  • Website: https://www.sincere.com.hk

Number of Employees


Location

  • The Sincere Company, Limited
  • Leighton Centre
  • 24th Floor
  • Causeway Bay
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:02
End of Day Share Price2021/10/21 00:00
Earnings2021/02/28
Annual Earnings2021/02/28


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.