SEHK:3308

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Golden Eagle Retail Group

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

Adequate balance sheet and fair value.

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

4.4%

3308

0.9%

HK Multiline Retail

1.2%

HK Market


1 Year Return

-14.7%

3308

-26.5%

HK Multiline Retail

2.3%

HK Market

Return vs Industry: 3308 exceeded the Hong Kong Multiline Retail industry which returned -26.5% over the past year.

Return vs Market: 3308 underperformed the Hong Kong Market which returned 2.3% over the past year.


Shareholder returns

3308IndustryMarket
7 Day4.4%0.9%1.2%
30 Day5.1%0.1%6.1%
90 Day-2.9%-6.7%3.1%
1 Year-10.0%-14.7%-24.5%-26.5%6.6%2.3%
3 Year-8.8%-21.4%-32.0%-39.1%-4.7%-15.1%
5 Year-9.3%-25.9%-29.4%-41.5%19.1%-1.1%

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$7.39) is trading below our estimate of fair value (HK$28.63)

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


Price To Earnings Ratio

PE vs Industry: 3308's PE Ratio (12.5x) is in line with the HK Multiline Retail industry average.

PE vs Market: 3308 is poor value based on its PE Ratio (12.5x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: 3308 is good value based on its PEG Ratio (0.5x)


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 (0.5x).


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?

26.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3308's forecast earnings growth (26.2% per year) is above the savings rate (1.6%).

Earnings vs Market: 3308's earnings (26.2% per year) are forecast to grow faster than the Hong Kong market (22.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3308's revenue is expected to decline over the next 3 years (-2.2% per year).

High Growth Revenue: 3308's revenue is forecast to decline over the next 3 years (-2.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 3308's Return on Equity is forecast to be high in 3 years time


Next Steps

  • Explore growth companies in the Retail industry.

Past Performance

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

6.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3308 has high quality earnings.

Growing Profit Margin: 3308's current net profit margins (13.7%) are lower than last year (14.9%).


Past Earnings Growth Analysis

Earnings Trend: 3308's earnings have grown by 6.7% per year over the past 5 years.

Accelerating Growth: 3308's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3308 had negative earnings growth (-20.6%) over the past year, making it difficult to compare to the Multiline Retail industry average (-20.6%).


Return on Equity

High ROE: 3308's Return on Equity (12.3%) 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) do not cover its short term liabilities (CN¥12.1B).

Long Term Liabilities: 3308's short term assets (CN¥9.0B) exceed its long term liabilities (CN¥3.6B).


Debt to Equity History and Analysis

Debt Level: 3308's debt to equity ratio (100.5%) is considered high.

Reducing Debt: 3308's debt to equity ratio has reduced from 123.8% to 100.5% over the past 5 years.

Debt Coverage: 3308's debt is well covered by operating cash flow (41.8%).

Interest Coverage: 3308's interest payments on its debt are well covered by EBIT (10.6x coverage).


Balance Sheet


Next Steps

Dividend

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

5.47%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3308's dividend (5.47%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).

High Dividend: 3308's dividend (5.47%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.77%).


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 reasonable payout ratio (68.3%), 3308's dividend payments are 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?

0.9yrs

Average management tenure


CEO

Yihang Chen (38 yo)

0.17

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

NamePositionTenureCompensationOwnership
Hung Wang
Chairman28.75yrsno data67.36%
CN¥ 8.3b
Janice S. Wang
Executive Director3.58yrsCN¥133.00k0.70%
CN¥ 85.7m
Hans Hendrik Diederen
MD & Executive Director1.58yrsCN¥1.18mno data
Yihang Chen
Chief Executive Officer0.17yrno datano data
Pei Li
Presidentno datano datano data
Sui Hiong Chong
Co-President0.92yrno datano data
Zhuoming Feng
Co-President0.92yrno datano data
Ping Tai
CFO & Company Secretary11.5yrsno datano data
Yumin Huang
Executive Vice President3.25yrsno datano data

0.9yrs

Average Tenure

53yo

Average Age

Experienced Management: 3308's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Hung Wang
Chairman28.75yrsno data67.36%
CN¥ 8.3b
Janice S. Wang
Executive Director3.58yrsCN¥133.00k0.70%
CN¥ 85.7m
Hans Hendrik Diederen
MD & Executive Director1.58yrsCN¥1.18mno data
Chi Keung Wong
Independent Non-Executive Director14.67yrsCN¥190.00kno data
Danny Lay
Independent Non-Executive Director5.42yrsCN¥127.00kno data
Ching Lo
Independent Non-Executive Director1.42yrsCN¥79.00kno data

4.5yrs

Average Tenure

66.5yo

Average Age

Experienced Board: 3308's board of directors are considered experienced (4.5 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$12.269b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3308SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2006
GDNE.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2006
G7EDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2006
3308SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMar 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 R ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 12:56
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.