Executive Summary
Cortina Holdings Limited, an investment holding company, engages in the retail and distribution of timepieces and accessories in Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Taiwan, and Russia.
Snowflake
Fundamentals
Flawless balance sheet with solid track record.
Share Price & News
How has Cortina Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.3%
C41
0.2%
SG Specialty Retail
0.4%
SG Market
1 Year Return
40.0%
C41
-0.7%
SG Specialty Retail
2.3%
SG Market
Return vs Industry: C41 exceeded the SG Specialty Retail industry which returned -0.1% over the past year.
Return vs Market: C41 exceeded the SG Market which returned 2.6% over the past year.
Shareholder returns
| C41 | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.3% | 0.2% | 0.4% |
| 30 Day | 2.3% | 0.4% | -0.2% |
| 90 Day | -8.3% | -3.9% | -6.4% |
| 1 Year | 45.6%40.0% | 2.2%-0.7% | 6.5%2.3% |
| 3 Year | 103.0%79.7% | -5.6%-14.1% | 16.0%3.6% |
| 5 Year | 100.1%66.3% | -25.9%-34.5% | 11.2%-7.2% |
Price Volatility Vs. Market
How volatile is Cortina Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Does Cortina Holdings's (SGX:C41) Share Price Gain of 80% Match Its Business Performance?2 weeks ago | Simply Wall St
We Think Cortina Holdings (SGX:C41) Can Manage Its Debt With Ease1 month ago | Simply Wall St
Is Cortina Holdings Limited (SGX:C41) A High Quality Stock To Own?Valuation
Is Cortina Holdings 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: C41 (SGD1.33) is trading below our estimate of fair value (SGD6.83)
Significantly Below Fair Value: C41 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: C41 is good value based on its PE Ratio (6.8x) compared to the Specialty Retail industry average (13.1x).
PE vs Market: C41 is good value based on its PE Ratio (6.8x) compared to the SG market (13.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate C41's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: C41 is overvalued based on its PB Ratio (1.1x) compared to the SG Specialty Retail industry average (0.9x).
Next Steps
Future Growth
How is Cortina Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
-6.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: C41's earnings are forecast to decline over the next 3 years (-6.1% per year).
Earnings vs Market: C41's earnings are forecast to decline over the next 3 years (-6.1% per year).
High Growth Earnings: C41's earnings are forecast to decline over the next 3 years.
Revenue vs Market: Insufficient data to determine if C41's revenue is forecast to grow faster than the SG market.
High Growth Revenue: Insufficient data to determine if C41's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if C41's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Cortina Holdings performed over the past 5 years?
18.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: C41's earnings have grown by 18.8% per year over the past 5 years.
Accelerating Growth: C41's earnings growth over the past year (32.3%) exceeds its 5-year average (18.8% per year).
Earnings vs Industry: C41 earnings growth over the past year (32.3%) exceeded the Specialty Retail industry -5.6%.
Return on Equity
High ROE: C41's Return on Equity (16%) is considered low.
Return on Assets
ROA vs Industry: C41 has a higher Return on Assets than the Specialty Retail industry average last year.
Return on Capital Employed
ROCE Improving: C41 has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Cortina Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: C41's short term assets (SGD263.7M) exceeds its short term liabilities (SGD89.6M)
Long Term Liabilities: C41's short term assets (263.7M) exceeds its long term liabilities (41.1M)
Debt to Equity History and Analysis
Debt Level: C41's debt to equity ratio (11.2%) is considered satisfactory
Reducing Debt: C41's debt to equity ratio has reduced from 76.8% to 11.2% over the past 5 years.
Debt Coverage: C41's debt is well covered by operating cash flow (309.1%).
Interest Coverage: C41's interest payments on its debt are well covered by EBIT (39.4x coverage).
Balance Sheet
Inventory Level: C41 has a high level of physical assets or inventory.
Debt Coverage by Assets: C41's debt is covered by short term assets (assets are 10.9x debt).
Next Steps
Dividend
What is Cortina Holdings's current dividend yield, its reliability and sustainability?
4.14%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: C41's dividend (4.14%) is higher than the bottom 25% of dividend payers in the SG market (2.54%).
High Dividend: C41's dividend (4.14%) is low compared to the top 25% of dividend payers in the SG market (5.69%).
Stable Dividend: C41's dividend payments have been volatile in the past 10 years.
Growing Dividend: C41's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (10.2%), C41's dividend payments are thoroughly 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
What is the CEO of Cortina Holdings's salary, the management and board of directors tenure and is there insider trading?
17.3yrs
Average board tenure
CEO
Anthony Lim (84yo)
0yrs
Tenure
Mr. Keen Ban Lim, also known as Anthony, is Founder of Cortina Watch Pte Ltd and serves as its Chief Executive Officer Mr. Lim serves as the Chairman of the Board and Chief Executive Officer of Cortina Hol ...
Board Age and Tenure
17.3yrs
Average Tenure
62.5yo
Average Age
Experienced Board: C41's board of directors are seasoned and experienced ( 17.3 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.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Independent Director |
| Shares | 2,000 |
| Max Price | S$1.52 |
| Entity | Company |
| Shares | 430,000 |
| Max Price | S$1.12 |
Ownership Breakdown
Management Team
Soon Soo Foo (60yo)
Company Secretary
- Tenure: 0yrs
Jeremy Lim (48yo)
Regional GM & Executive Director
- Tenure: 17.3yrs
Victor Yu (66yo)
Head of Strategic Planning
- Tenure: 34.3yrs
Sharon Lim (54yo)
Marketing Director
- Tenure: 8.9yrs
Raymond Lim (59yo)
Deputy Chairman & Deputy CEO
- Tenure: 8.8yrs
Anthony Lim (84yo)
Founder
- Tenure: 0yrs
Kok Hoong Ngai
Financial Controller
- Tenure: 0yrs
Hui Lim
Executive Officer
- Tenure: 0yrs
Liam Tay
Managing Director of Cortina Watch Malaysia
- Tenure: 0yrs
Sapphira Low
Company Secretary
- Tenure: 0yrs
Board Members
Jeremy Lim (48yo)
Regional GM & Executive Director
- Tenure: 17.3yrs
Victor Yu (66yo)
Head of Strategic Planning
- Tenure: 34.3yrs
Benny Long (50yo)
Independent Director
- Tenure: 19.3yrs
Michael Foo (72yo)
Independent Director
- Tenure: 46.8yrs
Pearce Lau (78yo)
Independent Director
- Tenure: 17.3yrs
Sharon Lim (54yo)
Marketing Director
- Tenure: 8.9yrs
Raymond Lim (59yo)
Deputy Chairman & Deputy CEO
- Tenure: 8.8yrs
Anthony Lim (84yo)
Founder
- Tenure: 0yrs
Michael Chin (63yo)
Lead Independent Director
- Tenure: 11.3yrs
Keng Chiew Chuang (62yo)
Non-Executive Independent Director
- Tenure: 0.4yrs
Company Information
Cortina Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cortina Holdings Limited
- Ticker: C41
- Exchange: SGX
- Founded: 1972
- Industry: Apparel Retail
- Sector: Retail
- Market Cap: S$220.219m
- Shares outstanding: 165.58m
- Website: https://www.cortina.com.sg
Number of Employees
Location
- Cortina Holdings Limited
- No. 18-01 Ngee Ann City Tower B
- 391B Orchard Road
- Singapore
- 238874
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| C41 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Jul 2002 |
Biography
Cortina Holdings Limited, an investment holding company, engages in the retail and distribution of timepieces and accessories in Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Taiwan, and Russia. The ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 12:40 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/03/31 |
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.