Loading...

King Fook Holdings

SEHK:280
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
280
SEHK
HK$320M
Market Cap
  1. Home
  2. HK
  3. Retail
Company description

King Fook Holdings Limited, an investment holding company, engages in the retail and wholesale of gold ornaments, jewelry, watches, fashion, gifts, and diamond products primarily in Hong Kong. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
280 Share Price and Events
7 Day Returns
-1.4%
SEHK:280
0.7%
HK Specialty Retail
-0.2%
HK Market
1 Year Returns
-19.5%
SEHK:280
-7.8%
HK Specialty Retail
-4.5%
HK Market
280 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
King Fook Holdings (280) -1.4% 0% 9.4% -19.5% -42.6% -68.2%
HK Specialty Retail 0.7% 7.4% -8.6% -7.8% 18.6% -22.1%
HK Market -0.2% 2.7% -8.3% -4.5% 16.5% 1%
1 Year Return vs Industry and Market
  • 280 underperformed the Specialty Retail industry which returned -7.8% over the past year.
  • 280 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
280
Industry
5yr Volatility vs Market

280 Value

 Is King Fook Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of King Fook Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for King Fook Holdings.

SEHK:280 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:280
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.832 (1 + (1- 25%) (7.03%))
0.917
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.917 * 6.65%)
8.1%

Discounted Cash Flow Calculation for SEHK:280 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for King Fook Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:280 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.1%)
2020 110.38 Est @ 6.72% 102.11
2021 116.23 Est @ 5.3% 99.47
2022 121.25 Est @ 4.31% 95.99
2023 125.64 Est @ 3.62% 92.01
2024 129.57 Est @ 3.13% 87.79
2025 133.20 Est @ 2.8% 83.48
2026 136.60 Est @ 2.56% 79.20
2027 139.87 Est @ 2.39% 75.02
2028 143.05 Est @ 2.27% 70.98
2029 146.19 Est @ 2.19% 67.10
Present value of next 10 years cash flows HK$853.14
SEHK:280 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$146.19 × (1 + 2%) ÷ (8.1% – 2%)
HK$2,446.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$2,446.40 ÷ (1 + 8.1%)10
HK$1,122.89
SEHK:280 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$853.14 + HK$1,122.89
HK$1,976.03
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$1,976.03 / 913.65
HK$2.16
SEHK:280 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$2.16
Current discount Discount to share price of HK$0.35
= -1 x (HK$0.35 - HK$2.16) / HK$2.16
83.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price King Fook Holdings is available for.
Intrinsic value
>50%
Share price is HK$0.35 vs Future cash flow value of HK$2.16
Current Discount Checks
For King Fook Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • King Fook Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • King Fook Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for King Fook Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are King Fook Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:280 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$0.00
SEHK:280 Share Price ** SEHK (2019-07-18) in HKD HK$0.35
Hong Kong Specialty Retail Industry PE Ratio Median Figure of 35 Publicly-Listed Specialty Retail Companies 11.4x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of King Fook Holdings.

SEHK:280 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:280 Share Price ÷ EPS (both in HKD)

= 0.35 ÷ 0.00

417.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • King Fook Holdings is overvalued based on earnings compared to the HK Specialty Retail industry average.
  • King Fook Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does King Fook Holdings's expected growth come at a high price?
Raw Data
SEHK:280 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 417.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Specialty Retail Industry PEG Ratio Median Figure of 12 Publicly-Listed Specialty Retail Companies 0.82x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for King Fook Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on King Fook Holdings's assets?
Raw Data
SEHK:280 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$0.69
SEHK:280 Share Price * SEHK (2019-07-18) in HKD HK$0.35
Hong Kong Specialty Retail Industry PB Ratio Median Figure of 58 Publicly-Listed Specialty Retail Companies 0.9x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:280 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:280 Share Price ÷ Book Value per Share (both in HKD)

= 0.35 ÷ 0.69

0.5x

* Primary Listing of King Fook Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • King Fook Holdings is good value based on assets compared to the HK Specialty Retail industry average.
X
Value checks
We assess King Fook Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. King Fook Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

280 Future Performance

 How is King Fook Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 King Fook 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.9%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is King Fook Holdings expected to grow at an attractive rate?
  • Unable to compare King Fook Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare King Fook Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare King Fook Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:280 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 16.9%
Hong Kong Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 8.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:280 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:280 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 552 1
2018-12-31 554 -6
2018-09-30 557 98 -13
2018-06-30 537 102 -18
2018-03-31 518 107 -23
2017-12-31 471 73 -35
2017-09-30 424 39 -46
2017-06-30 413 36 -66
2017-03-31 401 33 -86
2016-12-31 447 13 -100
2016-09-30 492 -7 -113
2016-06-30 552 -58 -116

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if King Fook Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if King Fook Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:280 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from King Fook Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:280 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 0.00
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 -0.04
2017-09-30 -0.05
2017-06-30 -0.07
2017-03-31 -0.09
2016-12-31 -0.11
2016-09-30 -0.12
2016-06-30 -0.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if King Fook Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether King Fook Holdings is trading at King Fook Holdings'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. King Fook Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Retail companies here
  3. King Fook Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess King Fook Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
King Fook Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

280 Past Performance

  How has King Fook Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare King Fook Holdings's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • King Fook Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • King Fook Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • King Fook Holdings has become profitable in the last year making it difficult to compare the HK Specialty Retail industry average.
Earnings and Revenue History
King Fook Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from King Fook Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:280 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 551.89 0.77 152.74
2018-12-31 554.29 -6.18 150.79
2018-09-30 556.69 -13.12 148.84
2018-06-30 537.17 -17.93 147.46
2018-03-31 517.64 -22.74 146.08
2017-12-31 470.89 -34.53 150.11
2017-09-30 424.13 -46.33 154.15
2017-06-30 412.73 -66.16 168.73
2017-03-31 401.34 -85.99 183.32
2016-12-31 446.64 -99.73 202.93
2016-09-30 491.95 -113.48 222.55
2016-06-30 552.11 -116.17 231.79
2016-03-31 612.27 -118.85 241.03
2015-12-31 681.58 -116.86 251.76
2015-09-30 750.88 -114.86 262.50
2015-06-30 794.92 -132.58 293.15
2015-03-31 838.95 -150.29 323.80
2014-12-31 929.63 -149.19 350.17
2014-09-30 1,020.30 -148.09 376.54
2014-06-30 1,092.02 -137.85 387.70
2014-03-31 1,163.73 -127.60 398.86
2013-12-31 1,207.27 -81.56 420.64
2013-09-30 1,247.08 -26.89 430.59
2013-06-30 1,246.50 14.32 430.20
2013-03-31 1,245.91 55.53 429.81
2012-12-31 1,228.63 43.40 429.19
2012-09-30 1,209.73 32.81 425.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • King Fook Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • King Fook Holdings used its assets less efficiently than the HK Specialty Retail industry average last year based on Return on Assets.
  • King Fook Holdings has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess King Fook Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
King Fook Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

280 Health

 How is King Fook Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up King Fook Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • King Fook Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • King Fook Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of King Fook Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 30.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from King Fook Holdings Company Filings, last reported 3 months ago.

SEHK:280 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 633.64 22.49 190.27
2018-12-31 633.64 22.49 190.27
2018-09-30 627.60 42.78 208.72
2018-06-30 627.60 42.78 208.72
2018-03-31 631.30 87.81 224.29
2017-12-31 631.30 87.81 224.29
2017-09-30 638.88 97.00 186.71
2017-06-30 638.88 97.00 186.71
2017-03-31 653.05 96.44 170.03
2016-12-31 653.05 96.44 170.03
2016-09-30 685.17 103.60 179.37
2016-06-30 685.17 103.60 179.37
2016-03-31 739.77 123.17 166.72
2015-12-31 739.77 123.17 166.72
2015-09-30 799.37 142.81 240.26
2015-06-30 799.37 142.81 240.26
2015-03-31 707.59 165.06 160.40
2014-12-31 707.59 165.06 160.40
2014-09-30 763.77 211.52 139.13
2014-06-30 763.77 211.52 139.13
2014-03-31 857.32 225.85 184.07
2013-12-31 857.32 225.85 184.07
2013-09-30 910.69 290.26 162.72
2013-06-30 910.69 290.26 162.72
2013-03-31 872.91 313.03 144.15
2012-12-31 872.91 313.03 144.15
2012-09-30 826.94 374.32 119.44
  • King Fook Holdings's level of debt (3.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (26.4% vs 3.5% today).
  • Debt is well covered by operating cash flow (434.3%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess King Fook Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. King Fook Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

280 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from King Fook Holdings dividends.
If you bought HK$2,000 of King Fook Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate King Fook Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate King Fook Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:280 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 5.4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:280 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2014-07-25 0.000 0.000
2014-06-27 0.000 0.000
2013-12-18 0.000 0.000
2013-11-29 0.000 0.000
2013-07-30 0.000 0.000
2013-06-28 0.000 0.000
2012-11-23 0.008 0.802
2012-06-29 0.009 0.904
2011-11-25 0.010 0.926
2011-06-24 0.010 0.730
2010-11-18 0.014 0.677
2010-08-05 0.015 0.925
2009-12-11 0.013 1.497
2009-07-30 0.014 1.673
2008-12-30 0.017 3.420
2008-07-29 0.018 3.860

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as King Fook Holdings has not reported any payouts.
  • Unable to verify if King Fook Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of King Fook Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as King Fook Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess King Fook Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can King Fook Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. King Fook Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

280 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mei Sum
COMPENSATION HK$2,556,180
AGE 55
TENURE AS CEO 2.1 years
CEO Bio

Ms. Sum Mei Lin has been Chief Executive and Group General Manager at King Fook Holdings Limited since June 8, 2017. Ms. Sum has over 28 years' experience in the management of retail businesses.

CEO Compensation
  • Insufficient data for Mei to compare compensation growth.
  • Mei's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Richard Tang

TITLE
Chairman
COMPENSATION
HK$1M
AGE
66

Mei Sum

TITLE
Chief Executive & Group GM
COMPENSATION
HK$3M
AGE
55
TENURE
2.1 yrs

Ka Yeung

TITLE
Executive Director
COMPENSATION
HK$39K
AGE
37

Patrick Fung

TITLE
Executive Director
COMPENSATION
HK$39K
AGE
72

Pui Ling Leung

TITLE
Company Secretary
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the King Fook Holdings board of directors in years:

6.7
Average Tenure
67.5
Average Age
  • The tenure for the King Fook Holdings board of directors is about average.
Board of Directors

Richard Tang

TITLE
Chairman
COMPENSATION
HK$1M
AGE
66
TENURE
2.3 yrs

Ka Yeung

TITLE
Executive Director
COMPENSATION
HK$39K
AGE
37
TENURE
2.2 yrs

Patrick Fung

TITLE
Executive Director
COMPENSATION
HK$39K
AGE
72
TENURE
3.2 yrs

Anthony Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$250K
AGE
72
TENURE
6.3 yrs

Martin Wong

TITLE
Non-Executive Director
COMPENSATION
HK$35K
AGE
77
TENURE
18.7 yrs

Hamilton Ho

TITLE
Independent Non-Executive Director
COMPENSATION
HK$70K
AGE
68
TENURE
7.1 yrs

Peter Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$72K
AGE
67
TENURE
21.8 yrs

Benedict Sin

TITLE
Independent Non-Executive Director
COMPENSATION
HK$70K
AGE
55
TENURE
7.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess King Fook Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. King Fook Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

280 News

Simply Wall St News

King Fook Holdings Limited (HKG:280) Might Not Be A Great Investment

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for King Fook Holdings: 0.0042 = HK$2.7m ÷ (HK$688m - HK$54m) (Based on the trailing twelve months to March 2019.) So, King Fook Holdings has an ROCE of 0.4%. … What Are Current Liabilities, And How Do They Affect King Fook Holdings's ROCE? … King Fook Holdings has very few current liabilities, which have a minimal effect on its already low ROCE.

Simply Wall St -

Is King Fook Holdings Limited (HKG:280) A Volatile Stock?

If you're interested in King Fook Holdings Limited (HKG:280), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Investors Who Bought King Fook Holdings Shares Five Years Ago Are Now Down 46%

King Fook Holdings Limited (HKG:280) shareholders should be happy to see the share price up 13% in the last quarter. … Because King Fook Holdings is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Over half a decade King Fook Holdings reduced its trailing twelve month revenue by 23% for each year.

Simply Wall St -

What does King Fook Holdings Limited's (HKG:280) Balance Sheet Tell Us About Its Future?

King Fook Holdings Limited (HKG:280) is a small-cap stock with a market capitalization of HK$397.44m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

280 Company Info

Description

King Fook Holdings Limited, an investment holding company, engages in the retail and wholesale of gold ornaments, jewelry, watches, fashion, gifts, and diamond products primarily in Hong Kong. The company is also involved in the provision of money exchange services; and investment and bullion trading services. The company was founded in 1949 and is based in Central, Hong Kong. King Fook Holdings Limited is a subsidiary of Yeung Chi Shing Estates Limited.

Details
Name: King Fook Holdings Limited
280
Exchange: SEHK
Founded: 1949
HK$319,777,662
913,650,465
Website: http://www.kingfook.com
Address: King Fook Holdings Limited
King Fook Building,
9th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 280 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
Number of employees
Current staff
Staff numbers
127
King Fook Holdings employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:37
End of day share price update: 2019/07/18 00:00
Last earnings filing: 2019/06/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.