SEHK:400

Stock Analysis Report

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Executive Summary

Cogobuy Group operates as an e-commerce company serving the electronics manufacturing industry in the People’s Republic of China and Hong Kong. More Details


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has Cogobuy Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 400 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 400's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-1.8%

400

-5.1%

HK Online Retail

0.4%

HK Market


1 Year Return

28.3%

400

165.9%

HK Online Retail

11.0%

HK Market

Return vs Industry: 400 underperformed the Hong Kong Online Retail industry which returned 165.9% over the past year.

Return vs Market: 400 exceeded the Hong Kong Market which returned 11% over the past year.


Shareholder returns

400IndustryMarket
7 Day-1.8%-5.1%0.4%
30 Day-4.1%-5.4%7.0%
90 Day19.9%5.4%6.4%
1 Year28.3%28.3%165.9%165.9%15.5%11.0%
3 Year-57.6%-57.6%-0.1%-0.1%4.1%-6.8%
5 Year-82.7%-82.9%-40.4%-40.6%34.9%12.3%

Long-Term Price Volatility Vs. Market

How volatile is Cogobuy Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cogobuy 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: 400 (HK$1.63) is trading below our estimate of fair value (HK$25.1)

Significantly Below Fair Value: 400 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 400 is good value based on its PE Ratio (11.3x) compared to the HK Online Retail industry average (45.5x).

PE vs Market: 400 is poor value based on its PE Ratio (11.3x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 400's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 400 is good value based on its PB Ratio (0.5x) compared to the HK Online Retail industry average (1.9x).


Next Steps

Future Growth

How is Cogobuy Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

53.4%

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 Cogobuy Group 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.


Next Steps

Past Performance

How has Cogobuy Group performed over the past 5 years?

-19.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 400 has high quality earnings.

Growing Profit Margin: 400's current net profit margins (2.7%) are higher than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: 400's earnings have declined by 19.9% per year over the past 5 years.

Accelerating Growth: 400's earnings growth over the past year (86.6%) exceeds its 5-year average (-19.9% per year).

Earnings vs Industry: 400 earnings growth over the past year (86.6%) exceeded the Online Retail industry 12.2%.


Return on Equity

High ROE: 400's Return on Equity (5%) is considered low.


Next Steps

Financial Health

How is Cogobuy Group's financial position?


Financial Position Analysis

Short Term Liabilities: 400's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥1.3B).

Long Term Liabilities: 400's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥86.8M).


Debt to Equity History and Analysis

Debt Level: 400's debt to equity ratio (3.3%) is considered satisfactory.

Reducing Debt: 400's debt to equity ratio has reduced from 102.9% to 3.3% over the past 5 years.

Debt Coverage: 400's debt is well covered by operating cash flow (588.9%).

Interest Coverage: 400's interest payments on its debt are well covered by EBIT (8.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Cogobuy Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 400's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 400's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 400's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 400's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 400 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 400's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

6.4yrs

Average management tenure


CEO

Jeffrey Kang (50 yo)

6.42yrs

Tenure

CN¥1,016,000

Compensation

Mr. Kang Jingwei, also known as Jeffrey, is the Founder of Cogobuy Group and serves as its Chairman and has been its Chief Executive Officer since July 28, 2014. Mr. Kang has been an Executive Director at ...


CEO Compensation Analysis

Compensation vs Market: Jeffrey's total compensation ($USD154.81K) is below average for companies of similar size in the Hong Kong market ($USD296.18K).

Compensation vs Earnings: Jeffrey's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jingwei Kang
Founder6.42yrsCN¥1.02m46.04%
CN¥ 1.0b
Lun Cheung Wu
CFO, Company Secretary & Executive Director6.75yrsCN¥1.13m0.13%
CN¥ 2.9m
Edward Chan
Vice-President of Operations6.92yrsno datano data
Shipeng Li
Chief Technology Officer5.08yrsno datano data
Ho Wanyee
Vice President of Investor Relationsno datano datano data
Feng Li
Senior Vice-President of Ingdan Innovationsno datano data12.91%
CN¥ 294.4m

6.4yrs

Average Tenure

52yo

Average Age

Experienced Management: 400's management team is seasoned and experienced (6.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jingwei Kang
Founder6.42yrsCN¥1.02m46.04%
CN¥ 1.0b
Lun Cheung Wu
CFO, Company Secretary & Executive Director6.75yrsCN¥1.13m0.13%
CN¥ 2.9m
Xin Ye
Independent Non-Executive Director6.42yrsCN¥261.00kno data
Hong Ni
Non-Executive Director5.75yrsCN¥274.00kno data
Qiyuan Y. Ma
Independent Non-Executive Director3.5yrsCN¥261.00kno data
Chunyi Hao
Independent Non-Executive Director2.83yrsCN¥261.00kno data

5.8yrs

Average Tenure

53yo

Average Age

Experienced Board: 400's board of directors are considered experienced (5.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cogobuy Group's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cogobuy Group
  • Ticker: 400
  • Exchange: SEHK
  • Founded: 2000
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: HK$2.280b
  • Shares outstanding: 1.42b
  • Website: https://www.cogobuy.com

Number of Employees


Location

  • Cogobuy Group
  • Microsoft Comtech Tower
  • 11th Floor
  • Shenzhen
  • Guangdong Province
  • 518057
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
400SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2014
7C3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2014
400SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 2014
400SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 2014

Biography

Cogobuy Group operates as an e-commerce company serving the electronics manufacturing industry in the People’s Republic of China and Hong Kong. It sells integrated circuits and other electronic components ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 10:07
End of Day Share Price2020/12/03 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.