company background image
280

King Fook HoldingsSEHK:280 Stock Report

Market Cap

HK$396.6m

7D

-1.1%

1Y

52.6%

Updated

26 Oct, 2021

Data

Company Financials
280 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends2/6

280 Overview

King Fook Holdings Limited, an investment holding company, engages in the retail of gold ornaments, jewelry, watches, gifts, and diamond products primarily in Hong Kong.

King Fook Holdings Competitors

Henderson Land Development

SEHK:12

HK$157.6b

Hong Kong Ferry (Holdings)

SEHK:50

HK$2.0b

Price History & Performance

Summary of all time highs, changes and price drops for King Fook Holdings
Historical stock prices
Current Share PriceHK$0.43
52 Week HighHK$0.26
52 Week LowHK$0.63
Beta0.80
1 Month Change2.35%
3 Month Change7.41%
1 Year Change52.63%
3 Year Change47.46%
5 Year Change-32.03%
Change since IPO-41.22%

Recent News & Updates

Sep 02
It's Unlikely That King Fook Holdings Limited's (HKG:280) CEO Will See A Huge Pay Rise This Year

It's Unlikely That King Fook Holdings Limited's (HKG:280) CEO Will See A Huge Pay Rise This Year

Performance at King Fook Holdings Limited ( HKG:280 ) has been reasonably good and CEO Mei Lin Sum has done a decent...

Aug 06
We Like These Underlying Return On Capital Trends At King Fook Holdings (HKG:280)

We Like These Underlying Return On Capital Trends At King Fook Holdings (HKG:280)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Shareholder Returns

280HK Specialty RetailHK Market
7D-1.1%-2.7%0.4%
1Y52.6%22.0%6.7%

Return vs Industry: 280 exceeded the Hong Kong Specialty Retail industry which returned 22% over the past year.

Return vs Market: 280 exceeded the Hong Kong Market which returned 6.7% over the past year.

Price Volatility

Is 280's price volatile compared to industry and market?
280 volatility
280 Beta0.80
Industry Beta0.89
Market Beta1

Stable Share Price: 280 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 280's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1949137Mei Lin Sumhttps://www.kingfook.com

King Fook Holdings Limited, an investment holding company, engages in the retail of gold ornaments, jewelry, watches, gifts, and diamond products primarily in Hong Kong. The company is also involved in the gold ornament, jewelry, watch, and diamond wholesale business; and provision of investment and bullion trading activities. As of March 31, 2021, the company had 7 shops in Hong Kong.

King Fook Holdings Fundamentals Summary

How do King Fook Holdings's earnings and revenue compare to its market cap?
280 fundamental statistics
Market CapHK$396.57m
Earnings (TTM)HK$28.62m
Revenue (TTM)HK$640.63m

13.9x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
280 income statement (TTM)
RevenueHK$640.63m
Cost of RevenueHK$457.53m
Gross ProfitHK$183.10m
ExpensesHK$154.48m
EarningsHK$28.62m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.031
Gross Margin28.58%
Net Profit Margin4.47%
Debt/Equity Ratio5.0%

How did 280 perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

32%

Payout Ratio

Valuation

Is King Fook Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 280 (HK$0.44) is trading below our estimate of fair value (HK$6.16)

Significantly Below Fair Value: 280 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 280 is poor value based on its PE Ratio (13.9x) compared to the Hong Kong Specialty Retail industry average (11x).

PE vs Market: 280 is poor value based on its PE Ratio (13.9x) compared to the Hong Kong market (9.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 280's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 280 is good value based on its PB Ratio (0.6x) compared to the HK Specialty Retail industry average (1.1x).


Future Growth

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

25.1%

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 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 SimplyWall St do have past financial data.


Past Performance

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

75.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 280 has high quality earnings.

Growing Profit Margin: 280's current net profit margins (4.5%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: 280 has become profitable over the past 5 years, growing earnings by 75.5% per year.

Accelerating Growth: 280's earnings growth over the past year (402.7%) exceeds its 5-year average (75.5% per year).

Earnings vs Industry: 280 earnings growth over the past year (402.7%) exceeded the Specialty Retail industry 54.7%.


Return on Equity

High ROE: 280's Return on Equity (4.3%) is considered low.


Financial Health

How is King Fook Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 280's short term assets (HK$729.1M) exceed its short term liabilities (HK$111.3M).

Long Term Liabilities: 280's short term assets (HK$729.1M) exceed its long term liabilities (HK$49.4M).


Debt to Equity History and Analysis

Debt Level: 280's debt to equity ratio (5%) is considered satisfactory.

Reducing Debt: 280's debt to equity ratio has reduced from 16.6% to 5% over the past 5 years.

Debt Coverage: 280's debt is well covered by operating cash flow (494.1%).

Interest Coverage: 280's interest payments on its debt are well covered by EBIT (7.5x coverage).


Balance Sheet


Dividend

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

2.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 280's dividend (2.3%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).

High Dividend: 280's dividend (2.3%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.8%).


Stability and Growth of Payments

Stable Dividend: 280's dividend payments have been volatile in the past 10 years.

Growing Dividend: 280's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.9%), 280's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

Mei Lin Sum (57 yo)

4.33yrs

Tenure

HK$2,944,000

Compensation

Ms. Mei Lin Sum has been Chief Executive and Group General Manager at King Fook Holdings Limited since joining in June 8, 2017 and is responsible for King Fook Holdings Limited's overall management and bus...


CEO Compensation Analysis

Compensation vs Market: Mei Lin's total compensation ($USD378.71K) is above average for companies of similar size in the Hong Kong market ($USD227.69K).

Compensation vs Earnings: Mei Lin's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 280's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: 280's board of directors are considered experienced (8.9 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

King Fook Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: King Fook Holdings Limited
  • Ticker: 280
  • Exchange: SEHK
  • Founded: 1949
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: HK$396.571m
  • Shares outstanding: 911.66m
  • Website: https://www.kingfook.com

Number of Employees


Location

  • King Fook Holdings Limited
  • King Fook Building
  • 9th Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:11
End of Day Share Price2021/10/26 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.