SEHK:400

Stock Analysis Report

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.


Snowflake Analysis

Adequate balance sheet and slightly overvalued.

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.1%

400

3.5%

HK Online Retail

1.0%

HK Market


1 Year Return

-51.8%

400

125.5%

HK Online Retail

6.5%

HK Market

Return vs Industry: 400 underperformed the Hong Kong Online Retail industry which returned 128% over the past year.

Return vs Market: 400 underperformed the Hong Kong Market which returned 6.4% over the past year.


Shareholder returns

400IndustryMarket
7 Day3.1%3.5%1.0%
30 Day-8.2%7.5%3.7%
90 Day2.3%20.0%8.0%
1 Year-51.8%-51.8%125.5%125.5%10.4%6.5%
3 Year-87.5%-87.6%-61.9%-62.1%25.9%13.1%
5 Year-67.6%-67.9%-54.9%-55.5%22.2%1.8%

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?

18.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 400's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 400's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 400 is good value based on its PE Ratio (18.6x) compared to the Online Retail industry average (30.3x).

PE vs Market: 400 is poor value based on its PE Ratio (18.6x) compared to the Hong Kong market (10.5x).


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 (0.4x) compared to the HK Online Retail industry average (2x).


Next Steps

Future Growth

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

41.4%

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?

1.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 400 has high quality earnings.

Growing Profit Margin: 400's current net profit margins (1.8%) are lower than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: 400's earnings have grown by 1.9% per year over the past 5 years.

Accelerating Growth: 400's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 400 had negative earnings growth (-65.9%) over the past year, making it difficult to compare to the Online Retail industry average (-1.4%).


Return on Equity

High ROE: 400's Return on Equity (2.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Cogobuy Group's financial position?


Financial Position Analysis

Short Term Liabilities: 400's short term assets (CN¥4.7B) exceed its short term liabilities (CN¥1.9B).

Long Term Liabilities: 400's short term assets (CN¥4.7B) exceed its long term liabilities (CN¥64.4M).


Debt to Equity History and Analysis

Debt Level: 400's debt to equity ratio (22.4%) is considered satisfactory.

Reducing Debt: 400's debt to equity ratio has reduced from 224.2% to 22.4% over the past 5 years.

Debt Coverage: 400's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 400's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet

Inventory Level: 400 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 400's debt is covered by short term assets (assets are 5x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.2%markettop25%6.1%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

What is the CEO of Cogobuy Group's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average board tenure


CEO

Jeffrey Kang (49yo)

5.5yrs

Tenure

CN¥1,015,000

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 ($USD147.32K) is below average for companies of similar size in the Hong Kong market ($USD296.12K).

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


Board Age and Tenure

4.8yrs

Average Tenure

52yo

Average Age

Experienced Board: 400's board of directors are considered experienced (4.8 years average tenure).


Insider Trading

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.


Management Team

  • Jeffrey Kang (49yo)

    Founder

    • Tenure: 5.5yrs
    • Compensation: CN¥1.02m
  • Hope Ni (47yo)

    Chief Investment Officer & Executive Director

    • Tenure: 4.8yrs
    • Compensation: CN¥266.00k
  • Allen Wu (44yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥2.28m
  • Feng Li (53yo)

    Senior Vice-President

    • Edward Chan (55yo)

      Vice-President of Operations

      • Shipeng Li

        Chief Technology Officer

        • Tenure: 4.2yrs
      • Ho Wanyee

        Vice President of Investor Relations


        Board Members

        • Xin Ye (55yo)

          Independent Non-Executive Director

          • Tenure: 5.5yrs
          • Compensation: CN¥253.00k
        • Jeffrey Kang (49yo)

          Founder

          • Tenure: 5.5yrs
          • Compensation: CN¥1.02m
        • Hope Ni (47yo)

          Chief Investment Officer & Executive Director

          • Tenure: 4.8yrs
          • Compensation: CN¥266.00k
        • Qiyuan Ma (62yo)

          Independent Non-Executive Director

          • Tenure: 2.6yrs
          • Compensation: CN¥253.00k
        • Allen Wu (44yo)

          CFO, Company Secretary & Executive Director

          • Tenure: 5.8yrs
          • Compensation: CN¥2.28m
        • Charlie Hao (59yo)

          Independent Non-Executive Director

          • Tenure: 1.9yrs
          • Compensation: CN¥223.00k

        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$1.870b
        • Shares outstanding: 1.43b
        • Website: https://www.cogobuy.com

        Number of Employees


        Location

        • Cogobuy Group
        • Microsoft Comtech Tower
        • 11th Floor, No. 55 Goaxin South 9th Road
        • 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 comprising microcontrollers/processors, sensors and converters, signal and interface products, amplifiers, filters, optoelectronic devices, resistors, inductors, discrete devices, connectors, switches, relays, circuit protection devices, development tools and systems, multimedia ICs, and dedicated and motor control ICs, as well as FPGA/CPLD, DSP, memory, wireless and RF, power management, capacitance, timer, and clock products. The company offers its products through its e-commerce platform, cogobuy.com, which includes a direct sales platform, as well as through an online marketplace, and a team of technical consultants and professional sales representatives. It also provides media communication and collaboration platforms and solutions; supply chain financing services; and develops e-commerce software technology. In addition, the company develops and sells electronic communication products; operates the INGDAN.com platform; and holds Internet content provider license. It serves electronics manufacturers, including small and medium enterprise, and blue-chip customers. The company was founded in 2000 and is headquartered in Shenzhen, the People’s Republic of China. Cogobuy Group is a subsidiary of Envision Global Investments Limited. 


        Company Analysis and Financial Data Status

        All financial data provided by Standard & Poor's Capital IQ.
        DataLast Updated (UTC time)
        Company Analysis2020/01/17 12:47
        End of Day Share Price2020/01/17 00:00
        Earnings2019/06/30
        Annual Earnings2018/12/31


        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.