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Golden Eagle Retail Group

Market Cap

HK$11.6b

Last Updated

2021/04/17 10:24 UTC

Data Sources

Company Financials +

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. More Details


Snowflake Analysis

Solid track record established dividend payer.

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 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: 3308's weekly volatility (1%) has been stable over the past year.


Market Performance


7 Day Return

0%

3308

0.5%

HK Multiline Retail

0.7%

HK Market


1 Year Return

-6.8%

3308

-13.5%

HK Multiline Retail

28.0%

HK Market

Return vs Industry: 3308 exceeded the Hong Kong Multiline Retail industry which returned -13.5% over the past year.

Return vs Market: 3308 underperformed the Hong Kong Market which returned 28% over the past year.


Shareholder returns

3308IndustryMarket
7 Day0%0.5%0.7%
30 Day-0.6%-1.4%-1.2%
90 Day-0.3%5.6%1.8%
1 Year-1.7%-6.8%-11.1%-13.5%33.4%28.0%
3 Year-8.2%-20.8%-36.8%-43.2%8.1%-3.9%
5 Year-5.0%-22.3%-21.4%-34.4%56.5%28.9%

Long-Term 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

Valuation

Is Golden Eagle Retail Group 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: 3308 (HK$6.99) is trading below our estimate of fair value (HK$30)

Significantly Below Fair Value: 3308 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3308 is good value based on its PE Ratio (6.3x) compared to the XA Multiline Retail industry average (24.9x).

PE vs Market: 3308 is good value based on its PE Ratio (6.3x) compared to the Hong Kong market (11.8x).


Price to Earnings Growth Ratio

PEG Ratio: 3308's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 3308 is overvalued based on its PB Ratio (1.3x) compared to the HK Multiline Retail industry average (0.4x).


Future Growth

How is Golden Eagle Retail Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-8.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3308's earnings are forecast to decline over the next 3 years (-8.1% per year).

Earnings vs Market: 3308's earnings are forecast to decline over the next 3 years (-8.1% per year).

High Growth Earnings: 3308's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 3308's revenue (5.4% per year) is forecast to grow slower than the Hong Kong market (13.3% per year).

High Growth Revenue: 3308's revenue (5.4% per year) is forecast to grow slower than 20% 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 (15.8%).


Past Performance

How has Golden Eagle Retail Group performed over the past 5 years?

14.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3308 has high quality earnings.

Growing Profit Margin: 3308's current net profit margins (25.2%) are higher than last year (17.7%).


Past Earnings Growth Analysis

Earnings Trend: 3308's earnings have grown by 14.4% per year over the past 5 years.

Accelerating Growth: 3308's earnings growth over the past year (32%) exceeds its 5-year average (14.4% per year).

Earnings vs Industry: 3308 earnings growth over the past year (32%) exceeded the Multiline Retail industry -22.7%.


Return on Equity

High ROE: 3308's Return on Equity (19.9%) is considered low.


Financial Health

How is Golden Eagle Retail Group's financial position?


Financial Position Analysis

Short Term Liabilities: 3308's short term assets (CN¥10.1B) do not cover its short term liabilities (CN¥12.3B).

Long Term Liabilities: 3308's short term assets (CN¥10.1B) exceed its long term liabilities (CN¥4.0B).


Debt to Equity History and Analysis

Debt Level: 3308's debt to equity ratio (80.2%) is considered high.

Reducing Debt: 3308's debt to equity ratio has reduced from 162.8% to 80.2% over the past 5 years.

Debt Coverage: 3308's debt is well covered by operating cash flow (46.2%).

Interest Coverage: 3308's interest payments on its debt are well covered by EBIT (13.1x coverage).


Balance Sheet


Dividend

What is Golden Eagle Retail Group current dividend yield, its reliability and sustainability?

7.98%

Current Dividend Yield


Upcoming Dividend Payment

TodayApr 17 2021Ex Dividend DateJun 01 2021Dividend Pay DateJun 15 202114 days from Ex DividendBuy in the next 44 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 3308's dividend (7.98%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.93%).

High Dividend: 3308's dividend (7.98%) is in the top 25% of dividend payers in the Hong Kong market (5.97%)


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 (49.9%), 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 (46.9% payout ratio).


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

Yihang Chen (38 yo)

0.67

Tenure

Mr. Yihang Chen serves as Chief Executive Officer at Golden Eagle Retail Group Limited since August 26, 2020. Mr. Chen has long been engaged in commercial operation and management. He has of experience in ...


Leadership Team

Experienced Management: 3308's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: 3308's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 3308 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$11.649b
  • Shares outstanding: 1.66b
  • Website: https://www.geretail.com

Number of Employees


Location

  • Golden Eagle Retail Group Limited
  • Block A
  • 17th Floor
  • Nanjing
  • Jiangsu Province
  • China

Listings


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 R...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/17 10:24
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.