TWSE:9919

Stock Analysis Report

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Market Cap

NT$6.9b

Last Updated

2021/06/13 08:43 UTC

Data Sources

Company Financials

Executive Summary

KNH Enterprise Co., Ltd. manufactures and sells household goods, non-woven fabric products, and machinery equipment in Taiwan, China, Hong Kong, Australia, Korea, the United Kingdom, and internationally. More Details


Snowflake Analysis

Solid track record, good value and pays a dividend.


Similar Companies

Share Price & News

How has KNH Enterprise's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 9919 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 9919's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-3.3%

9919

-2.5%

TW Household Products

0.6%

TW Market


1 Year Return

-27.7%

9919

-17.8%

TW Household Products

49.2%

TW Market

Return vs Industry: 9919 underperformed the TW Household Products industry which returned -17.8% over the past year.

Return vs Market: 9919 underperformed the TW Market which returned 49.2% over the past year.


Shareholder returns

9919IndustryMarket
7 Day-3.3%-2.5%0.6%
30 Day-11.9%3.3%9.8%
90 Day2.0%18.1%6.0%
1 Year-27.3%-27.7%-16.2%-17.8%54.2%49.2%
3 Year199.7%184.2%22.4%16.6%71.5%51.8%
5 Year267.5%232.7%84.1%69.1%139.7%97.1%

Long-Term Price Volatility Vs. Market

How volatile is KNH Enterprise's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is KNH Enterprise 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: 9919 (NT$35.1) is trading below our estimate of fair value (NT$531.41)

Significantly Below Fair Value: 9919 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 9919 is good value based on its PE Ratio (8.1x) compared to the TW Household Products industry average (12.2x).

PE vs Market: 9919 is good value based on its PE Ratio (8.1x) compared to the TW market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 9919's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 9919 is overvalued based on its PB Ratio (2.7x) compared to the TW Household Products industry average (2.5x).


Future Growth

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

12.6%

Forecasted Household 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 KNH Enterprise 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.


Past Performance

How has KNH Enterprise performed over the past 5 years?

69.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 9919 has a large one-off gain of NT$216.9M impacting its March 31 2021 financial results.

Growing Profit Margin: 9919's current net profit margins (17%) are higher than last year (1.7%).


Past Earnings Growth Analysis

Earnings Trend: 9919's earnings have grown significantly by 69.9% per year over the past 5 years.

Accelerating Growth: 9919's earnings growth over the past year (1108.8%) exceeds its 5-year average (69.9% per year).

Earnings vs Industry: 9919 earnings growth over the past year (1108.8%) exceeded the Household Products industry 24.8%.


Return on Equity

High ROE: 9919's Return on Equity (32.8%) is considered high.


Financial Health

How is KNH Enterprise's financial position?


Financial Position Analysis

Short Term Liabilities: 9919's short term assets (NT$3.6B) exceed its short term liabilities (NT$2.2B).

Long Term Liabilities: 9919's short term assets (NT$3.6B) exceed its long term liabilities (NT$2.2B).


Debt to Equity History and Analysis

Debt Level: 9919's debt to equity ratio (97.2%) is considered high.

Reducing Debt: 9919's debt to equity ratio has increased from 69.7% to 97.2% over the past 5 years.

Debt Coverage: 9919's debt is well covered by operating cash flow (45%).

Interest Coverage: 9919's interest payments on its debt are well covered by EBIT (22.6x coverage).


Balance Sheet


Dividend

What is KNH Enterprise current dividend yield, its reliability and sustainability?

8.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 9919's dividend (8.55%) is higher than the bottom 25% of dividend payers in the TW market (2.04%).

High Dividend: 9919's dividend (8.55%) is in the top 25% of dividend payers in the TW market (5.03%)


Stability and Growth of Payments

Stable Dividend: 9919's dividend payments have been volatile in the past 10 years.

Growing Dividend: 9919's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.4%), 9919's dividend payments are 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

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

3.4yrs

Average management tenure


CEO

Hsiu-Ling Tai

9.92yrs

Tenure

NT$3,038,000

Compensation

Ms. Hsiu-Ling Tai serves as the General Manager of Kang Na Hsiung Enterprise Co.Ltd. She serves as and Director at KNH Enterprise Co., Ltd. (formerly known as Kang Na Hsiung Enterprise Co., Ltd) since June...


CEO Compensation Analysis

Compensation vs Market: Hsiu-Ling's total compensation ($USD109.67K) is below average for companies of similar size in the TW market ($USD160.67K).

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


Leadership Team

Experienced Management: 9919's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: 9919's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

KNH Enterprise Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: KNH Enterprise Co., Ltd.
  • Ticker: 9919
  • Exchange: TWSE
  • Founded: 1969
  • Industry: Household Products
  • Sector: Household
  • Market Cap: NT$6.926b
  • Shares outstanding: 197.32m
  • Website: https://www.knh.com.tw

Location

  • KNH Enterprise Co., Ltd.
  • No. 77-1, Tong’anliao
  • Min'an Village
  • Tainan City
  • 722
  • Taiwan

Listings


Biography

KNH Enterprise Co., Ltd. manufactures and sells household goods, non-woven fabric products, and machinery equipment in Taiwan, China, Hong Kong, Australia, Korea, the United Kingdom, and internationally. I...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/13 08:43
End of Day Share Price2021/06/11 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.