Cortina Holdings Limited, an investment holding company, retails and distributes timepieces and accessories in Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Taiwan, and Russia. More Details
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
Stable Share Price: C41's share price has been volatile over the past 3 months.
7 Day Return
SG Specialty Retail
1 Year Return
SG Specialty Retail
Return vs Industry: C41 exceeded the SG Specialty Retail industry which returned -7.3% over the past year.
Return vs Market: C41 exceeded the SG Market which returned -20.7% over the past year.
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 week ago | Simply Wall StCortina Holdings (SGX:C41) Is Growing Earnings But Are They A Good Guide?
4 weeks ago | Simply Wall StThe Market Lifts Cortina Holdings Limited (SGX:C41) Shares 34% But It Can Do More
1 month ago | Simply Wall StThese 4 Measures Indicate That Cortina Holdings (SGX:C41) Is Using Debt Safely
Is Cortina Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: C41 (SGD1.85) is trading below our estimate of fair value (SGD7.33)
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 (7.8x) compared to the SG Specialty Retail industry average (14.9x).
PE vs Market: C41 is good value based on its PE Ratio (7.8x) compared to the SG market (13.1x).
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 (1.3x) compared to the SG Specialty Retail industry average (0.8x).
How is Cortina Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Cortina 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.
- Examine whether Cortina 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.
- Cortina Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Retail industry.
How has Cortina Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: C41 has high quality earnings.
Growing Profit Margin: C41's current net profit margins (7.6%) are higher than last year (6.3%).
Past Earnings Growth Analysis
Earnings Trend: C41's earnings have grown significantly by 28.8% per year over the past 5 years.
Accelerating Growth: C41's earnings growth over the past year (35.5%) exceeds its 5-year average (28.8% per year).
Earnings vs Industry: C41 earnings growth over the past year (35.5%) exceeded the Specialty Retail industry 8%.
Return on Equity
High ROE: C41's Return on Equity (17.3%) is considered low.
How is Cortina Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: C41's short term assets (SGD268.3M) exceed its short term liabilities (SGD67.5M).
Long Term Liabilities: C41's short term assets (SGD268.3M) exceed its long term liabilities (SGD30.5M).
Debt to Equity History and Analysis
Debt Level: C41's debt to equity ratio (2.1%) is considered satisfactory.
Reducing Debt: C41's debt to equity ratio has reduced from 61.4% to 2.1% over the past 5 years.
Debt Coverage: C41's debt is well covered by operating cash flow (1756.7%).
Interest Coverage: C41's interest payments on its debt are well covered by EBIT (42.2x coverage).
What is Cortina Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: C41's dividend (3.51%) is higher than the bottom 25% of dividend payers in the SG market (2.51%).
High Dividend: C41's dividend (3.51%) is low compared to the top 25% of dividend payers in the SG market (5.28%).
Stability and Growth of Payments
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 reasonably low payout ratio (25.3%), C41's dividend payments are well 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Anthony Lim (85 yo)
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 ...
|Founder||no data||no data||no data|
|Deputy Chairman & Deputy CEO||9.75yrs||no data||no data|
|Head of Strategic Planning||35.33yrs||no data||9.82% |
|COO & Executive Director||18.33yrs||no data||no data|
|Marketing Director||9.92yrs||no data||no data|
|Independent Director||20.25yrs||no data||5.17% |
|Independent Director||47.83yrs||no data||4.29% |
|Director of Cortina Watch Sdn Bhd||no data||no data||no data|
|Independent Director||18.33yrs||no data||0.018% |
|Lead Independent Director||12.33yrs||no data||no data|
|Non-Executive Independent Director||1.42yrs||no data||0.0042% |
Experienced Board: C41's board of directors are seasoned and experienced ( 18.3 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Cortina Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Cortina Holdings Limited
- Ticker: C41
- Exchange: SGX
- Founded: 1972
- Industry: Apparel Retail
- Sector: Retail
- Market Cap: S$306.320m
- Shares outstanding: 165.58m
- Website: https://www.cortina.com.sg
Number of Employees
- Cortina Holdings Limited
- No. 18-01 Ngee Ann City Tower B
- 391B Orchard Road
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|C41||SGX (Singapore Exchange)||Yes||Ordinary Shares||SG||SGD||Jul 2002|
Cortina Holdings Limited, an investment holding company, retails and distributes timepieces and accessories in Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Taiwan, and Russia. The company operates ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/20 12:35|
|End of Day Share Price||2020/10/19 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.