Executive Summary
Golden Eagle Retail Group Limited, an investment holding company, develops and operates lifestyle center and stylish department store chain in the People’s Republic of China.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with excellent balance sheet and pays a dividend.
Share Price & News
How has Golden Eagle Retail Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3308 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.0%
3308
3.6%
HK Multiline Retail
5.8%
HK Market
1 Year Return
-19.8%
3308
-30.4%
HK Multiline Retail
-4.0%
HK Market
Return vs Industry: 3308 exceeded the Hong Kong Multiline Retail industry which returned -30.4% over the past year.
Return vs Market: 3308 underperformed the Hong Kong Market which returned -4% over the past year.
Shareholder returns
| 3308 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.0% | 3.6% | 5.8% |
| 30 Day | -1.5% | -3.9% | 4.0% |
| 90 Day | -11.4% | -15.0% | -2.6% |
| 1 Year | -15.7%-19.8% | -28.0%-30.4% | -0.6%-4.0% |
| 3 Year | -27.2%-36.5% | -29.9%-37.7% | 1.3%-9.2% |
| 5 Year | -19.7%-34.1% | -38.9%-49.5% | -9.2%-23.5% |
Price Volatility Vs. Market
How volatile is Golden Eagle Retail Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Golden Eagle Retail Group Limited (HKG:3308) Looks Interesting, And It's About To Pay A Dividend2 weeks ago | Simply Wall St
If You Had Bought Golden Eagle Retail Group (HKG:3308) Stock Five Years Ago, You'd Be Sitting On A 38% Loss, Today3 weeks ago | Simply Wall St
Is There An Opportunity With Golden Eagle Retail Group Limited's (HKG:3308) 23% Undervaluation?Valuation
Is Golden Eagle Retail Group undervalued compared to its fair value and its price relative to the market?
9.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3308 (HK$7.26) is trading below our estimate of fair value (HK$8.04)
Significantly Below Fair Value: 3308 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 3308 is good value based on its PE Ratio (9.4x) compared to the Multiline Retail industry average (9.4x).
PE vs Market: 3308 is good value based on its PE Ratio (9.4x) compared to the Hong Kong market (9.5x).
Price to Earnings Growth Ratio
PEG Ratio: 3308 is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: 3308 is overvalued based on its PB Ratio (1.6x) compared to the HK Multiline Retail industry average (0.6x).
Next Steps
Future Growth
How is Golden Eagle Retail Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
4.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3308's forecast earnings growth (4.4% per year) is above the savings rate (1.6%).
Earnings vs Market: 3308's earnings (4.4% per year) are forecast to grow slower than the Hong Kong market (17.1% per year).
High Growth Earnings: 3308's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3308's revenue is expected to decline over the next 3 years (-0.5% per year).
High Growth Revenue: 3308's revenue is forecast to decline over the next 3 years (-0.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3308's Return on Equity is forecast to be low in 3 years time (17.3%).
Next Steps
Past Performance
How has Golden Eagle Retail Group performed over the past 5 years?
4.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3308 has high quality earnings.
Growing Profit Margin: 3308's current net profit margins (17.8%) are higher than last year (12.7%).
Past Earnings Growth Analysis
Earnings Trend: 3308's earnings have grown by 4.5% per year over the past 5 years.
Accelerating Growth: 3308's earnings growth over the past year (32%) exceeds its 5-year average (4.5% per year).
Earnings vs Industry: 3308 earnings growth over the past year (32%) exceeded the Multiline Retail industry -12.1%.
Return on Equity
High ROE: 3308's Return on Equity (16.9%) is considered low.
Next Steps
Financial Health
How is Golden Eagle Retail Group's financial position?
Financial Position Analysis
Short Term Liabilities: 3308's short term assets (CN¥9.0B) exceed its short term liabilities (CN¥8.6B).
Long Term Liabilities: 3308's short term assets (CN¥9.0B) exceed its long term liabilities (CN¥7.4B).
Debt to Equity History and Analysis
Debt Level: 3308's debt to equity ratio (96.8%) is considered high.
Reducing Debt: 3308's debt to equity ratio has reduced from 102.1% to 96.8% over the past 5 years.
Debt Coverage: 3308's debt is well covered by operating cash flow (31.5%).
Interest Coverage: 3308's interest payments on its debt are well covered by EBIT (11.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Golden Eagle Retail Group's current dividend yield, its reliability and sustainability?
5.26%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3308's dividend (5.26%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.43%).
High Dividend: 3308's dividend (5.26%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.03%).
Stability and Growth of Payments
Stable Dividend: 3308's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3308's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.4%), 3308's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3308's dividends in 3 years are forecast to be well covered by earnings (43.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Roger Wang (70yo)
2.08yrs
Tenure
Mr. Hung Wang, also known as Roger, has been Chief Executive Officer of Golden Eagle Retail Group Ltd since May 3, 2018. He established Golden Eagle International Group in 1992 and has been its Chairman an ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 2.08yrs | no data | 74.89% CN¥9.1b | |
| Executive Director | 3.25yrs | CN¥133.00k | 0.095% CN¥11.5m | |
| MD & Executive Director | 1.25yrs | CN¥1.18m | no data | |
| President | no data | no data | no data | |
| Co-President | 0.58yr | no data | no data | |
| Co-President | 0.58yr | no data | no data | |
| CFO & Company Secretary | 11.17yrs | no data | no data | |
| Executive Vice President | 2.92yrs | no data | no data |
1.8yrs
Average Tenure
52yo
Average Age
Experienced Management: 3308's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 2.08yrs | no data | 74.89% CN¥9.1b | |
| Executive Director | 3.25yrs | CN¥133.00k | 0.095% CN¥11.5m | |
| MD & Executive Director | 1.25yrs | CN¥1.18m | no data | |
| Independent Non-Executive Director | 14.33yrs | CN¥190.00k | no data | |
| Independent Non-Executive Director | 5.08yrs | CN¥127.00k | no data | |
| Independent Non-Executive Director | 1.08yrs | CN¥79.00k | no data |
4.2yrs
Average Tenure
65.5yo
Average Age
Experienced Board: 3308's board of directors are considered experienced (4.2 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Golden Eagle Retail Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Golden Eagle Retail Group Limited
- Ticker: 3308
- Exchange: SEHK
- Founded: 2005
- Industry: Department Stores
- Sector: Retail
- Market Cap: HK$12.158b
- Shares outstanding: 1.67b
- Website: https://www.geretail.com
Number of Employees
Location
- Golden Eagle Retail Group Limited
- Block A
- 17th Floor
- Nanjing
- Jiangsu Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 3308 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Mar 2006 |
| GDNE.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Mar 2006 |
| G7E | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Mar 2006 |
| 3308 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Mar 2006 |
Biography
Golden Eagle Retail Group Limited, an investment holding company, develops and operates lifestyle center and stylish department store chain in the People’s Republic of China. The company operates through Retail Operations; Property Development and Hotel Operations; and Other Operations segments. It also operates supermarkets and hotels. As of December 31, 2019, the company operated 31 self-owned stores with a total gross floor area of 2,502,937 square meters and a total operating area of 1,712,198 square meters; and 16 lifestyle centers with a total gross floor area of 1,983,541 square meters in the People’s Republic of China. In addition, it engages in trading activities; property holding; operation of aquariums; and trading of cosmetic products. Further, the company is involved in the automobile inspection, sale, distribution, and exhibition; property development and investment; and branded fashion and footwear retail businesses. Additionally, it offers communication and information service, as well as invests in education services. The company was incorporated in 2005 and is based in Nanjing, the People’s Republic of China. Golden Eagle Retail Group Limited is a subsidiary of Golden Eagle International Retail Group Limited.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/06 13:08 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.