Wing On Company International Limited operates department stores in the Hong Kong, People’s Republic of China, Australia, and the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$18.30|
|52 Week High||HK$16.10|
|52 Week Low||HK$18.76|
|1 Month Change||2.69%|
|3 Month Change||3.98%|
|1 Year Change||7.52%|
|3 Year Change||-31.46%|
|5 Year Change||-23.59%|
|Change since IPO||163.31%|
Recent News & Updates
We Think Wing On Company International (HKG:289) Can Stay On Top Of Its Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
|289||HK Multiline Retail||HK Market|
Return vs Industry: 289 exceeded the Hong Kong Multiline Retail industry which returned -11.4% over the past year.
Return vs Market: 289 exceeded the Hong Kong Market which returned 5.3% over the past year.
Stable Share Price: 289 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 289's weekly volatility (2%) has been stable over the past year.
About the Company
Wing On Company International Limited operates department stores in the Hong Kong, People’s Republic of China, Australia, and the United States. The company operates in two segments, Department Stores and Property Investment. Its department stores offer electrical appliances, kitchen and dining, bedding and bath, grocery, toys, children and infants, men's wear, women’s' wear, active, shoes and handbags, personal care, and cosmetics products.
Wing On Company International Fundamentals Summary
|289 fundamental statistics|
Is 289 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|289 income statement (TTM)|
|Cost of Revenue||HK$403.40m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.97|
|Net Profit Margin||21.34%|
How did 289 perform over the long term?See historical performance and comparison
5.8%Current Dividend Yield
Is Wing On Company International 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: 289 (HK$18.3) is trading below our estimate of fair value (HK$22.23)
Significantly Below Fair Value: 289 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 289 is poor value based on its PE Ratio (19x) compared to the Hong Kong Multiline Retail industry average (10.1x).
PE vs Market: 289 is poor value based on its PE Ratio (19x) compared to the Hong Kong market (9.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 289's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 289's PB Ratio (0.3x) is in line with the HK Multiline Retail industry average.
How is Wing On Company International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Wing On Company International 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.
How has Wing On Company International performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 289 has a large one-off loss of HK$262.2M impacting its June 30 2021 financial results.
Growing Profit Margin: 289 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 289's earnings have declined by 31.6% per year over the past 5 years.
Accelerating Growth: 289 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 289 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Multiline Retail industry (14.6%).
Return on Equity
High ROE: 289's Return on Equity (1.4%) is considered low.
How is Wing On Company International's financial position?
Financial Position Analysis
Short Term Liabilities: 289's short term assets (HK$4.2B) exceed its short term liabilities (HK$415.1M).
Long Term Liabilities: 289's short term assets (HK$4.2B) exceed its long term liabilities (HK$997.9M).
Debt to Equity History and Analysis
Debt Level: 289's debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 289's debt to equity ratio has reduced from 1.6% to 0.3% over the past 5 years.
Debt Coverage: 289's debt is well covered by operating cash flow (240.7%).
Interest Coverage: 289 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Wing On Company International current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 289's dividend (5.79%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 289's dividend (5.79%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).
Stability and Growth of Payments
Stable Dividend: 289's dividend payments have been volatile in the past 10 years.
Growing Dividend: 289's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (110%), 289's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Lester Kwok (71 yo)
Mr. Chi Hang Kwok, also known as Lester, J.P. serves as Deputy Chairman and Chief Executive Officer at Wing On Company International Ltd. Mr. Kwok serves as Deputy Chairman and Managing Director of Wing On...
CEO Compensation Analysis
Compensation vs Market: Lester's total compensation ($USD1.26M) is above average for companies of similar size in the Hong Kong market ($USD442.94K).
Compensation vs Earnings: Lester's compensation has been consistent with company performance over the past year.
Experienced Board: 289's board of directors are seasoned and experienced ( 23.4 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.
Wing On Company International Limited's employee growth, exchange listings and data sources
- Name: Wing On Company International Limited
- Ticker: 289
- Exchange: SEHK
- Founded: 1907
- Industry: Department Stores
- Sector: Retail
- Market Cap: HK$5.332b
- Shares outstanding: 291.35m
- Website: https://www.wingon.hk
Number of Employees
- Wing On Company International Limited
- Wing On Centre
- 7th Floor
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/16 10:05|
|End of Day Share Price||2021/10/15 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.