398 Stock Overview
Oriental Watch Holdings Limited, an investment holding company, engages in watch trading business in Hong Kong, Macau, Taiwan, and Mainland China.
Oriental Watch Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$4.36|
|52 Week High||HK$5.42|
|52 Week Low||HK$3.10|
|1 Month Change||-3.11%|
|3 Month Change||-5.22%|
|1 Year Change||37.97%|
|3 Year Change||186.84%|
|5 Year Change||156.47%|
|Change since IPO||364.13%|
Recent News & Updates
|398||HK Specialty Retail||HK Market|
Return vs Industry: 398 exceeded the Hong Kong Specialty Retail industry which returned -35.1% over the past year.
Return vs Market: 398 exceeded the Hong Kong Market which returned -25.9% over the past year.
|398 Average Weekly Movement||2.5%|
|Specialty Retail Industry Average Movement||5.7%|
|Market Average Movement||6.3%|
|10% most volatile stocks in HK Market||12.6%|
|10% least volatile stocks in HK Market||3.1%|
Stable Share Price: 398 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: 398's weekly volatility (2%) has been stable over the past year.
About the Company
Oriental Watch Holdings Limited, an investment holding company, engages in watch trading business in Hong Kong, Macau, Taiwan, and Mainland China. It offers watches of various brands, such as Rolex, Tudor, Piaget, Grovana, Hublot, Oris, Sacom, Omega, Titoni, Rado, etc. The company also holds properties. As of March 31, 2022, it operated 44 retail stores and 1 online store in Hong Kong and Mainland China.
Oriental Watch Holdings Fundamentals Summary
|398 fundamental statistics|
Is 398 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|398 income statement (TTM)|
|Cost of Revenue||HK$2.46b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.74|
|Net Profit Margin||9.96%|
How did 398 perform over the long term?See historical performance and comparison
17.2%Current Dividend Yield
Does 398 pay a reliable dividends?See 398 dividend history and benchmarks
|Oriental Watch Holdings dividend dates|
|Ex Dividend Date||Sep 29 2022|
|Dividend Pay Date||Oct 24 2022|
|Days until Ex dividend||0 days|
|Days until Dividend pay date||25 days|
Does 398 pay a reliable dividends?See 398 dividend history and benchmarks
Is 398 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 398?
Other financial metrics that can be useful for relative valuation.
|What is 398's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 398's PE Ratio compare to its peers?
|398 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
1942 MOG Holdings
280 King Fook Holdings
3389 Hengdeli Holdings
590 Luk Fook Holdings (International)
398 Oriental Watch Holdings
Price-To-Earnings vs Peers: 398 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (42.2x).
Price to Earnings Ratio vs Industry
How does 398's PE Ratio compare vs other companies in the HK Specialty Retail Industry?
Price-To-Earnings vs Industry: 398 is good value based on its Price-To-Earnings Ratio (5.9x) compared to the Hong Kong Specialty Retail industry average (8.2x)
Price to Earnings Ratio vs Fair Ratio
What is 398's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||5.9x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 398's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 398 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 398 (HK$4.36) is trading below our estimate of fair value (HK$34.16)
Significantly Below Fair Value: 398 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Oriental Watch Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 Oriental Watch 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.
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- Examine whether Oriental Watch Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Oriental Watch Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
How has Oriental Watch Holdings performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 398 has high quality earnings.
Growing Profit Margin: 398's current net profit margins (10%) are higher than last year (6.7%).
Past Earnings Growth Analysis
Earnings Trend: 398's earnings have grown significantly by 32.6% per year over the past 5 years.
Accelerating Growth: 398's earnings growth over the past year (55.4%) exceeds its 5-year average (32.6% per year).
Earnings vs Industry: 398 earnings growth over the past year (55.4%) exceeded the Specialty Retail industry -10.2%.
Return on Equity
High ROE: 398's Return on Equity (17.8%) is considered low.
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How is Oriental Watch Holdings's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 398's short term assets (HK$2.0B) exceed its short term liabilities (HK$486.1M).
Long Term Liabilities: 398's short term assets (HK$2.0B) exceed its long term liabilities (HK$357.0M).
Debt to Equity History and Analysis
Debt Level: 398 has more cash than its total debt.
Reducing Debt: 398's debt to equity ratio has reduced from 5.1% to 1.4% over the past 5 years.
Debt Coverage: 398's debt is well covered by operating cash flow (2552.1%).
Interest Coverage: 398 earns more interest than it pays, so coverage of interest payments is not a concern.
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What is Oriental Watch Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Oriental Watch Holdings Dividend Yield vs Market|
|Company (Oriental Watch Holdings)||17.2%|
|Market Bottom 25% (HK)||2.9%|
|Market Top 25% (HK)||8.7%|
|Industry Average (Specialty Retail)||4.0%|
|Analyst forecast in 3 Years (Oriental Watch Holdings)||n/a|
Notable Dividend: 398's dividend (17.18%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.9%).
High Dividend: 398's dividend (17.18%) is in the top 25% of dividend payers in the Hong Kong market (8.67%)
Stability and Growth of Payments
Stable Dividend: 398's dividend payments have been volatile in the past 10 years.
Growing Dividend: 398's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (25%), 398's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (55.3%), 398's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Dennis Yeung (53 yo)
Mr. Him Kit Yeung, also known as Dennis, has been the Managing Director of Oriental Watch Holdings Limited since March 2003 and serves as Chief Executive. Mr. Yeung joined Oriental Watch Holdings Ltd in 19...
CEO Compensation Analysis
|Dennis Yeung's Compensation vs Oriental Watch Holdings Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Mar 31 2022||HK$77m||HK$4m|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||HK$51m||HK$3m|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||HK$8m||HK$3m|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||HK$7m||HK$3m|
|Dec 31 2018||n/a||n/a|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||HK$7m||HK$3m|
|Dec 31 2017||n/a||n/a|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||HK$4m||HK$3m|
|Dec 31 2016||n/a||n/a|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||HK$4m||HK$3m|
Compensation vs Market: Dennis's total compensation ($USD9.80M) is above average for companies of similar size in the Hong Kong market ($USD304.85K).
Compensation vs Earnings: Dennis's compensation has increased by more than 20% in the past year.
Experienced Board: 398's board of directors are seasoned and experienced ( 14 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.
Recent Insider Transactions
|15 Jun 22||SellHK$6,865,115||HSBC Global Asset Management (UK) Limited||Company||1,472,000||HK$4.66|
|07 Feb 22||BuyHK$7,828,337||HSBC Global Asset Management (UK) Limited||Company||1,772,000||HK$4.42|
|06 Oct 21||SellHK$1,362,688||FMR LLC||Company||426,000||HK$3.20|
|29 Sep 21||SellHK$495,646||FMR LLC||Company||158,000||HK$3.14|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Oriental Watch Holdings Limited's employee growth, exchange listings and data sources
- Name: Oriental Watch Holdings Limited
- Ticker: 398
- Exchange: SEHK
- Founded: 1961
- Industry: Specialty Stores
- Sector: Retail
- Implied Market Cap: HK$2.169b
- Shares outstanding: 487.36m
- Website: https://www.orientalwatch.com
Number of Employees
- Oriental Watch Holdings Limited
- Wing On Centre
- 19th Floor
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ORWH.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Feb 1994|
|398||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Feb 1994|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 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.