SEHK:1415

Stock Analysis Report

Cowell e Holdings

Executive Summary

Cowell e Holdings Inc., an investment holding company, engages in the design, development, manufacture, and sale of camera modules for smartphones, multimedia tablets, laptops, PDAs, and other mobile devices with camera functions in the People’s Republic of China, the Republic of Korea, and internationally.

Snowflake

Fundamentals

Flawless balance sheet, undervalued and pays a dividend.

Share Price & News

How has Cowell e Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

1415

2.4%

HK Electronic

3.1%

HK Market


1 Year Return

42.2%

1415

-2.7%

HK Electronic

0.5%

HK Market

Return vs Industry: 1415 exceeded the Hong Kong Electronic industry which returned -2.7% over the past year.

Return vs Market: 1415 exceeded the Hong Kong Market which returned 0.5% over the past year.


Shareholder returns

1415IndustryMarket
7 Day0%2.4%3.1%
30 Day4.9%-2.1%-1.8%
90 Day-7.9%3.8%-4.8%
1 Year52.8%42.2%0.6%-2.7%4.1%0.5%
3 Year-48.0%-54.8%-2.1%-9.8%15.8%4.2%
5 Yearn/a50.6%30.9%18.9%-0.9%

Price Volatility Vs. Market

How volatile is Cowell e Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cowell e Holdings undervalued compared to its fair value and its price relative to the market?

42.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 1415 (HK$1.28) is trading below our estimate of fair value (HK$2.23)

Significantly Undervalued: 1415 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1415 is good value based on its PE Ratio (7.9x) compared to the Electronic industry average (8.7x).

PE vs Market: 1415 is good value based on its PE Ratio (7.9x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: 1415 is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: 1415 is good value based on its PB Ratio (0.4x) compared to the HK Electronic industry average (0.9x).


Next Steps

Future Growth

How is Cowell e Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

7.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1415's forecast earnings growth (7.6% per year) is above the savings rate (2%).

Earnings vs Market: 1415's earnings (7.6% per year) are forecast to grow slower than the Hong Kong market (11.3% per year).

High Growth Earnings: 1415's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1415's revenue (7.2% per year) is forecast to grow slower than the Hong Kong market (10% per year).

High Growth Revenue: 1415's revenue (7.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: 1415's Return on Equity is forecast to be low in 3 years time (5.9%).


Next Steps

Past Performance

How has Cowell e Holdings performed over the past 5 years?

-34.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 1415's earnings have declined by -34.1% per year over the past 5 years.

Accelerating Growth: 1415's earnings growth over the past year (7.8%) exceeds its 5-year average (-34.1% per year).

Earnings vs Industry: 1415 earnings growth over the past year (7.8%) exceeded the Electronic industry -12.9%.


Return on Equity

High ROE: 1415's Return on Equity (5.5%) is considered low.


Return on Assets

ROA vs Industry: 1415's Return on Assets is below or equal to the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: 1415's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Cowell e Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1415's short term assets ($259.9M) exceeds its short term liabilities ($64.8M)

Long Term Liabilities: 1415's short term assets (259.9M) exceeds its long term liabilities (15.3M)


Debt to Equity History and Analysis

Debt Level: 1415 is debt free.

Reducing Debt: 1415 has no debt compared to 5 years ago when its debt to equity ratio was 65%.

Debt Coverage: 1415 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1415 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 1415 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 1415's debt is covered by short term assets.


Next Steps

Dividend

What is Cowell e Holdings's current dividend yield, its reliability and sustainability?

8.74%

Current Dividend Yield


Dividend Yield vs Market

company8.7%marketbottom25%2.3%markettop25%6.3%industryaverage2.8%forecastin3Years8.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 1415's dividend (8.74%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).

High Dividend: 1415's dividend (8.74%) is in the top 25% of dividend payers in the Hong Kong market (6.25%)

Stable Dividend: 1415 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1415's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.8%), 1415's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1415's dividends in 3 years are forecast to be covered by earnings (50.5% payout ratio).


Next Steps

Management

What is the CEO of Cowell e Holdings's salary, the management and board of directors tenure and is there insider trading?

2.5yrs

Average management tenure


CEO

Kyung Koo Lee (58yo)

1.5yrs

Tenure

0

Mr. Lee Kyung Koo has been Chief Executive Officer of Cowell e Holdings Inc. since April 19, 2018. Mr. Lee is responsible for managing the overall business operations and achieving the strategic objectives ...


Management Age and Tenure

2.5yrs

Average Tenure

55yo

Average Age

Experienced Management: 1415's management team is considered experienced (2.5 years average tenure).


Board Age and Tenure

4.1yrs

Average Tenure

53.5yo

Average Age

Experienced Board: 1415's board of directors are considered experienced (4.1 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


Management Team

  • Seokhoon Seong (55yo)

    Chairman

    • Tenure: 3.6yrs
    • Compensation: US$200.00k
  • Wing Lam (42yo)

    Company Secretary

    • Tenure: 5.1yrs
  • Kyu Cho (55yo)

    CEO & Director of Cowell Korea

    • Tenure: 10.6yrs
    • Compensation: US$99.41k
  • Dong Goo Lee (46yo)

    Executive Director

    • Tenure: 2.4yrs
    • Compensation: US$235.00k
  • Byeong Sun Kang (55yo)

    Head of Management Support Division of Cowell China

    • Tenure: 2.7yrs
  • Young Hoon Cho (43yo)

    Chief Financial Officer

    • Tenure: 1.5yrs
  • Kyung Koo Lee (58yo)

    Chief Executive Officer

    • Tenure: 1.5yrs

Board Members

  • Chan Kim (52yo)

    Independent Non Executive Director

    • Tenure: 4.6yrs
    • Compensation: US$30.00k
  • Seokhoon Seong (55yo)

    Chairman

    • Tenure: 3.6yrs
    • Compensation: US$200.00k
  • Si Song (61yo)

    Independent Non Executive Director

    • Tenure: 4.6yrs
    • Compensation: US$30.00k
  • Kyu Cho (55yo)

    CEO & Director of Cowell Korea

    • Tenure: 10.6yrs
    • Compensation: US$99.41k
  • Jong Jung (45yo)

    Independent Non-Executive Director

    • Tenure: 0.8yrs
    • Compensation: US$1.00k
  • Dong Goo Lee (46yo)

    Executive Director

    • Tenure: 2.4yrs
    • Compensation: US$235.00k

Company Information

Cowell e Holdings Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cowell e Holdings Inc.
  • Ticker: 1415
  • Exchange: SEHK
  • Founded: 1992
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: HK$1.056b
  • Shares outstanding: 831.52m
  • Website: https://www.cowellkorea.com

Number of Employees


Location

  • Cowell e Holdings Inc.
  • No. 1 Songbai Road
  • Huanan Industrial Zone
  • Dongguan
  • Guangdong Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1415SEHK (The Stock Exchange of Hong Kong Ltd.)YesCommon StockHKHKDMar 2015

Biography

Cowell e Holdings Inc., an investment holding company, engages in the design, development, manufacture, and sale of camera modules for smartphones, multimedia tablets, laptops, PDAs, and other mobile devic ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 12:56
End of Day Share Price2019/10/17 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.