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1269

Kanpai TPEX:1269 Stock Report

Last Price

NT$104.50

Market Cap

NT$1.9b

7D

0.5%

1Y

-14.7%

Updated

09 Aug, 2022

Data

Company Financials
1269 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends2/6

1269 Stock Overview

Kanpai Co., Ltd operates restaurants under the Kanpai brand in China.

Kanpai Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kanpai
Historical stock prices
Current Share PriceNT$104.50
52 Week HighNT$167.50
52 Week LowNT$99.50
Beta0.75
1 Month Change-13.99%
3 Month Change-6.70%
1 Year Change-14.69%
3 Year Change-1.42%
5 Year Change-6.70%
Change since IPO22.57%

Recent News & Updates

Shareholder Returns

1269TW HospitalityTW Market
7D0.5%-1.3%0.5%
1Y-14.7%-5.6%-14.0%

Return vs Industry: 1269 underperformed the TW Hospitality industry which returned -5.6% over the past year.

Return vs Market: 1269 matched the TW Market which returned -14% over the past year.

Price Volatility

Is 1269's price volatile compared to industry and market?
1269 volatility
1269 Average Weekly Movement6.1%
Hospitality Industry Average Movement5.7%
Market Average Movement5.1%
10% most volatile stocks in TW Market8.4%
10% least volatile stocks in TW Market2.5%

Stable Share Price: 1269 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 1269's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999n/an/ahttps://www.kanpai.com.tw

Kanpai Co., Ltd operates restaurants under the Kanpai brand in China. The company was founded in 1999 and is based in Taipei City, Taiwan. Kanpai Co., Ltd operates as a subsidiary of Tokyo Gas Co., Ltd.

Kanpai Fundamentals Summary

How do Kanpai's earnings and revenue compare to its market cap?
1269 fundamental statistics
Market CapNT$1.94b
Earnings (TTM)NT$71.25m
Revenue (TTM)NT$3.08b

27.3x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1269 income statement (TTM)
RevenueNT$3.08b
Cost of RevenueNT$1.51b
Gross ProfitNT$1.57b
Other ExpensesNT$1.50b
EarningsNT$71.25m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.83
Gross Margin50.95%
Net Profit Margin2.31%
Debt/Equity Ratio39.3%

How did 1269 perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

60%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 1269 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1269?

Other financial metrics that can be useful for relative valuation.

1269 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA9.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 1269's PE Ratio compare to its peers?

1269 PE Ratio vs Peers
The above table shows the PE ratio for 1269 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18.3x
2756 Lian Fa International Dining Business
13.1xn/aNT$1.6b
2755 YoungQin International
18.1xn/aNT$1.5b
1259 An-Shin Food ServicesLtd
20.2xn/aNT$2.3b
2752 Tofu Restaurant
22.4xn/aNT$3.5b
1269 Kanpai
27.3xn/aNT$1.9b

Price-To-Earnings vs Peers: 1269 is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the peer average (18.3x).


Price to Earnings Ratio vs Industry

How does 1269's PE Ratio compare vs other companies in the TW Hospitality Industry?

Price-To-Earnings vs Industry: 1269 is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the TW Hospitality industry average (25x)


Price to Earnings Ratio vs Fair Ratio

What is 1269's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1269 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1269's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1269 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1269 (NT$104.5) is trading below our estimate of fair value (NT$118.11)

Significantly Below Fair Value: 1269 is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


43.2%

Forecasted Consumer Services 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 Kanpai 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.


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  • Examine Kanpai's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Kanpai performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


1.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1269 has a large one-off gain of NT$46.5M impacting its December 31 2021 financial results.

Growing Profit Margin: 1269's current net profit margins (2.3%) are lower than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: 1269's earnings have grown by 1.6% per year over the past 5 years.

Accelerating Growth: 1269's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1269 had negative earnings growth (-28.4%) over the past year, making it difficult to compare to the Hospitality industry average (-19.5%).


Return on Equity

High ROE: 1269's Return on Equity (7.1%) is considered low.


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Financial Health

How is Kanpai's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1269's short term assets (NT$1.2B) exceed its short term liabilities (NT$876.1M).

Long Term Liabilities: 1269's short term assets (NT$1.2B) exceed its long term liabilities (NT$828.4M).


Debt to Equity History and Analysis

Debt Level: 1269 has more cash than its total debt.

Reducing Debt: 1269's debt to equity ratio has increased from 34.9% to 39.3% over the past 5 years.

Debt Coverage: 1269's debt is well covered by operating cash flow (111.8%).

Interest Coverage: 1269's interest payments on its debt are well covered by EBIT (4.4x coverage).


Balance Sheet


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Dividend

What is Kanpai current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.20%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 1269's dividend (2.2%) isn’t notable compared to the bottom 25% of dividend payers in the TW market (2.53%).

High Dividend: 1269's dividend (2.2%) is low compared to the top 25% of dividend payers in the TW market (6.62%).


Stability and Growth of Payments

Stable Dividend: 1269 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1269 has only been paying a dividend for 5 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (60.1%), 1269's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (32.6%), 1269's dividend payments are well covered by cash flows.


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Management

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


CEO

Kanpai has no CEO, or we have no data on them.


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

Kanpai Co., Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Kanpai Co., Ltd
  • Ticker: 1269
  • Exchange: TPEX
  • Founded: 1999
  • Industry: Restaurants
  • Sector: Consumer Services
  • Implied Market Cap: NT$1.945b
  • Shares outstanding: 18.61m
  • Website: https://www.kanpai.com.tw

Number of Employees


Location

  • Kanpai Co., Ltd
  • No. 88, Zhongxiao East Road
  • Ground Floor
  • Taipei
  • Taiwan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.