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Merchant House International

ASX:MHI
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MHI
ASX
A$11M
Market Cap
  1. Home
  2. AU
  3. Consumer Durables
Company description

Merchant House International Limited designs, manufactures, and markets home textiles, seasonal and decorative products, and leather shoes. The last earnings update was 123 days ago. More info.


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  • Merchant House International has significant price volatility in the past 3 months.
MHI Share Price and Events
7 Day Returns
0%
ASX:MHI
11.3%
Global Luxury
13.4%
AU Market
1 Year Returns
20%
ASX:MHI
-15.4%
Global Luxury
-18.8%
AU Market
MHI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Merchant House International (MHI) 0% -4% 96.7% 20% -35.1% -36.8%
Global Luxury 11.3% -13% -23.4% -15.4% 9.5% 14.6%
AU Market 13.4% -20.7% -24.4% -18.8% -15.9% -15.3%
1 Year Return vs Industry and Market
  • MHI outperformed the Luxury industry which returned -15.4% over the past year.
  • MHI outperformed the Market in Australia which returned -18.8% over the past year.
Price Volatility
MHI
Industry
5yr Volatility vs Market

MHI Value

 Is Merchant House International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Merchant House International. This is due to cash flow or dividend data being unavailable. The share price is A$0.12.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Merchant House International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Merchant House International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MHI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in AUD A$-0.01
ASX:MHI Share Price ** ASX (2020-03-30) in AUD A$0.12
Global Luxury Industry PE Ratio Median Figure of 822 Publicly-Listed Luxury Companies 10.83x
Australia Market PE Ratio Median Figure of 514 Publicly-Listed Companies 12.86x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Merchant House International.

ASX:MHI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:MHI Share Price ÷ EPS (both in AUD)

= 0.12 ÷ -0.01

-19.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Merchant House International is loss making, we can't compare its value to the Global Luxury industry average.
  • Merchant House International is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Merchant House International's expected growth come at a high price?
Raw Data
ASX:MHI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -19.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Luxury Industry PEG Ratio Median Figure of 198 Publicly-Listed Luxury Companies 0.82x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 0.98x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Merchant House International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Merchant House International's assets?
Raw Data
ASX:MHI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in AUD A$0.56
ASX:MHI Share Price * ASX (2020-03-30) in AUD A$0.12
Global Luxury Industry PB Ratio Median Figure of 1,161 Publicly-Listed Luxury Companies 0.66x
Australia Market PB Ratio Median Figure of 1,614 Publicly-Listed Companies 1.19x
ASX:MHI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:MHI Share Price ÷ Book Value per Share (both in AUD)

= 0.12 ÷ 0.56

0.21x

* Primary Listing of Merchant House International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Merchant House International is good value based on assets compared to the Global Luxury industry average.
X
Value checks
We assess Merchant House International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Merchant House International has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MHI Future Performance

 How is Merchant House International expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Merchant House International 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.4%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Merchant House International expected to grow at an attractive rate?
  • Unable to compare Merchant House International's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Merchant House International's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Merchant House International's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:MHI Future Growth Rates Data Sources
Data Point Source Value (per year)
Global Luxury Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
Global Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:MHI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:MHI Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-09-30 69 0 -1
2019-06-30 67 -1 -2
2019-03-31 65 -1 -3
2018-12-31 67 0 -2
2018-09-30 68 0 -1
2018-06-30 66 0 0
2018-03-31 64 -1 1
2017-12-31 63 -1 0
2017-09-30 63 -1 -1
2017-06-30 68 -1 0
2017-03-31 73 -1 1
2016-12-31 77 1 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Merchant House International is high growth as no earnings estimate data is available.
  • Unable to determine if Merchant House International is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:MHI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Merchant House International Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MHI Past Financials Data
Date (Data in AUD Millions) EPS *
2019-09-30 -0.01
2019-06-30 -0.02
2019-03-31 -0.03
2018-12-31 -0.02
2018-09-30 -0.01
2018-06-30 0.00
2018-03-31 0.01
2017-12-31 0.00
2017-09-30 -0.01
2017-06-30 0.00
2017-03-31 0.01
2016-12-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Merchant House International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Merchant House International's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  2. Merchant House International's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Merchant House International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Merchant House International has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MHI Past Performance

  How has Merchant House International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Merchant House International's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Merchant House International does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Merchant House International's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Merchant House International's 1-year growth to the Global Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Merchant House International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Merchant House International Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MHI Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 68.91 -0.56 12.20
2019-06-30 67.15 -1.53 11.93
2019-03-31 65.39 -2.50 11.67
2018-12-31 66.81 -1.51 11.42
2018-09-30 68.23 -0.51 11.17
2018-06-30 65.87 0.05 10.68
2018-03-31 63.52 0.61 10.19
2017-12-31 63.30 -0.07 10.44
2017-09-30 63.08 -0.75 10.70
2017-06-30 67.93 -0.08 10.62
2017-03-31 72.79 0.58 10.55
2016-12-31 76.90 2.15 9.72 0.22
2016-09-30 81.00 3.73 8.90 0.44
2016-06-30 88.21 3.25 8.51 0.44
2016-03-31 95.41 2.77 8.12 0.44
2015-12-31 96.35 0.43 8.43
2015-09-30 97.29 -1.92 8.49
2015-06-30 91.74 -1.92 8.42
2015-03-31 86.20 -1.92 8.35
2014-12-31 85.65 4.24 8.20
2014-09-30 85.11 10.40 8.05
2014-06-30 84.71 10.20 8.02
2014-03-31 84.31 10.00 8.00
2013-12-31 82.24 5.33 7.70
2013-09-30 80.18 0.65 7.41
2013-06-30 80.53 1.85 7.17

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Merchant House International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Merchant House International has efficiently used its assets last year compared to the Global Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Merchant House International improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Merchant House International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Merchant House International has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MHI Health

 How is Merchant House International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Merchant House International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Merchant House International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Merchant House International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Merchant House International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Merchant House International Company Filings, last reported 6 months ago.

ASX:MHI Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 52.82 15.50 3.44
2019-06-30 52.82 15.50 3.44
2019-03-31 49.29 13.67 5.41
2018-12-31 49.29 13.67 5.41
2018-09-30 50.12 7.71 5.58
2018-06-30 50.12 7.71 5.58
2018-03-31 48.85 1.17 7.18
2017-12-31 48.85 1.17 7.18
2017-09-30 48.48 1.09 17.23
2017-06-30 48.48 1.09 17.23
2017-03-31 47.65 1.11 24.00
2016-12-31 47.65 1.11 24.00
2016-09-30 49.96 1.11 17.75
2016-06-30 49.96 1.11 17.75
2016-03-31 46.96 1.11 25.47
2015-12-31 46.96 1.11 25.47
2015-09-30 52.10 1.21 16.11
2015-06-30 52.10 1.21 16.11
2015-03-31 45.59 1.11 19.02
2014-12-31 45.59 1.11 18.95
2014-09-30 43.15 1.04 12.36
2014-06-30 43.15 1.04 12.36
2014-03-31 39.71 0.00 15.26
2013-12-31 39.71 0.00 15.26
2013-09-30 32.29 2.25 2.71
2013-06-30 32.29 2.25 2.71
  • Merchant House International's level of debt (29.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2.4% vs 29.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Merchant House International's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Merchant House International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Merchant House International has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MHI Dividends

 What is Merchant House International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Merchant House International dividends.
If you bought A$2,000 of Merchant House International shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Merchant House International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Merchant House International's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:MHI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Global Luxury Industry Average Dividend Yield Market Cap Weighted Average of 572 Stocks 2.2%
Australia Market Average Dividend Yield Market Cap Weighted Average of 373 Stocks 5.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.8%
Australia Bottom 25% Dividend Yield 25th Percentile 3.2%
Australia Top 25% Dividend Yield 75th Percentile 8.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:MHI Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2017-06-29 0.000 0.000
2017-05-31 0.000 0.000
2016-12-02 0.000 0.000
2016-06-30 0.000 0.000
2016-05-31 0.000 0.000
2015-12-29 0.010 5.390
2015-07-03 0.000 0.000
2015-06-22 0.000 0.000
2014-11-28 0.000 0.000
2014-07-11 0.010 4.605
2013-07-03 0.015 7.802
2012-11-28 0.020 13.004
2012-07-06 0.010 7.044
2011-12-02 0.010 7.481
2011-06-01 0.010 7.216
2010-12-03 0.015 8.808
2010-07-08 0.020 11.227
2009-11-27 0.010 6.477
2009-08-03 0.010 7.460

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Merchant House International has not reported any payouts.
  • Unable to verify if Merchant House International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Merchant House International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Merchant House International has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Merchant House International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Merchant House International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Merchant House International has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MHI Management

 What is the CEO of Merchant House International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Loretta Bic Lee
COMPENSATION A$439,136
TENURE AS CEO 25.7 years
CEO Bio

Ms. Loretta Bic Hing Lee serves as Executive Chairperson of Merchant House International Ltd. She Founded Merchant House International Ltd. and served its Managing Director since 1994. She started her career in market research, working for an international advertising agency as Research Director. In 1972, she Founded TransMarket Research Limited, in partnership with AS1 of Los Angeles. She has been the Chairman of Merchant House International Ltd since July 15 1994 and has been its Director since July 15, 1994. She is a Graduate of Lingnam University in Guangzhou.

CEO Compensation
  • Insufficient data for Loretta Bic to compare compensation growth.
  • Insufficient data for Loretta Bic to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team

Loretta Bic Lee

TITLE
Executive Chairperson
COMPENSATION
A$439K
TENURE
25.7 yrs

C. Lo

TITLE
Financial Controller
COMPENSATION
A$97K

John Bleakie

TITLE
Marketing Director
COMPENSATION
A$153K

Timothy Bird

TITLE
General Manager
COMPENSATION
A$158K

M. Luk

TITLE
General Manager
COMPENSATION
A$144K

David McArthur

TITLE
Company Secretary
TENURE
33.2 yrs
Board of Directors Tenure

Average tenure of the Merchant House International board of directors in years:

15.7
Average Tenure
  • The average tenure for the Merchant House International board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Xiao Wu

TITLE
Independent Non-Executive Director
COMPENSATION
A$25K
TENURE
15.7 yrs

Loretta Bic Lee

TITLE
Executive Chairperson
COMPENSATION
A$439K
TENURE
22.7 yrs

Peggy Liao

TITLE
Independent Non-Executive Director
COMPENSATION
A$25K
TENURE
25.7 yrs

Ian Burton

TITLE
Independent Non-Executive Director
COMPENSATION
A$25K
AGE
78
TENURE
25.7 yrs

Clifford Einstein

TITLE
Independent Non-Executive Director
COMPENSATION
A$25K
AGE
80
TENURE
12.6 yrs

Robert Burton

TITLE
Director
TENURE
3.6 yrs

Oliver Hein

TITLE
Non-Executive Director
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Merchant House International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Merchant House International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MHI News

Simply Wall St News

Do Insiders Own Shares In Merchant House International Limited (ASX:MHI)?

See our latest analysis for Merchant House International ASX:MHI Ownership Summary, August 1st 2019 What Does The Lack Of Institutional Ownership Tell Us About Merchant House International? … Insider Ownership Of Merchant House International The definition of company insiders can be subjective, and does vary between jurisdictions. … It seems insiders own a significant proportion of Merchant House International Limited.

Simply Wall St -

Do Institutions Own Merchant House International Limited (ASX:MHI) Shares?

A look at the shareholders of Merchant House International Limited (ASX:MHI) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Merchant House International is not a large company by global standards.

Simply Wall St -

Did Changing Sentiment Drive Merchant House International's Share Price Down By 45%?

This week we saw the Merchant House International Limited (ASX:MHI) share price climb by 17%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the last year Merchant House International saw its earnings per share drop below zero.

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Do Directors Own Merchant House International Limited (ASX:MHI) Shares?

If you want to know who really controls Merchant House International Limited (ASX:MHI), then you'll have to look at the makeup of its share registry. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Merchant House International is a smaller company with a market capitalization of AU$12m, so it may still be flying under the radar of many institutional investors.

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Our Take On Merchant House International Limited's (ASX:MHI) CEO Salary

Loretta Bic Lee became the CEO of Merchant House International Limited (ASX:MHI) in 1994. … View our latest analysis for Merchant House International? … Our data indicates that Merchant House International Limited is worth AU$12m, and total annual CEO compensation is AU$439k.

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What Should You Know About Merchant House International Limited's (ASX:MHI) Return On Capital?

and want to begin learning the link between Merchant House International Limited (ASX:MHI)’s return fundamentals and stock market performance. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently Merchant House International is able to use capital to create earnings will help us understand your potential return.

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Is Merchant House International Limited (ASX:MHI) Attractive At This PE Ratio?

This analysis is intended to introduce important early concepts to people who are starting to invest. … While this might not seem positive, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … View our latest analysis for Merchant House International

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Did Merchant House International Limited's (ASX:MHI) Recent Earnings Growth Beat The Trend?

After looking at Merchant House International Limited's (ASX:MHI) latest earnings update (31 March 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … See our latest analysis for Merchant House International? … MHI's trailing twelve-month earnings (from 31 March 2018) of AU$611.0k has

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How Should Investors Feel About Merchant House International Limited's (ASX:MHI) CEO Pay?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

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What You Must Know About Merchant House International Limited's (ASX:MHI) Return on Equity

Merchant House International Limited (ASX:MHI) generated a below-average return on equity of 1.25% in the past 12 months, while its industry returned 9.96%. … Knowing these components can change your views on MHI's below-average returns … Today I will look at how components such as financial leverage can influence ROE which may impact the sustainability of MHI's returns.

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MHI Company Info

Description

Merchant House International Limited designs, manufactures, and markets home textiles, seasonal and decorative products, and leather shoes. It operates through three segments: Home Textile, Footwear Trading, and Footwear Manufacturing. The company offers kitchen items, table tops, decorative pillows, seasonal decorations, and kitchen rugs; and footwear products, such as work, safety toe, security, motorcycle, hunting, farm and ranch, and western boots, as well as loggers and packers, and waterproof footwear for men. It also engages in the export trading of work boots and safety shoes. The company sells its products in the United States, Australia, China, Hong Kong, and internationally. Merchant House International Limited was founded in 1978 and is headquartered in Chai Wan, Hong Kong.

Details
Name: Merchant House International Limited
MHI
Exchange: ASX
Founded: 1978
A$11,311,979
94,266,496
Website: http://www.lorettalee.com.hk
Address: Merchant House International Limited
E-Trade Plaza,
10th Floor,
Chai Wan,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MHI Ordinary Shares Australian Securities Exchange AU AUD 17. Nov 1994
Number of employees
Current staff
Staff numbers
0
Merchant House International employees.
Industry
Footwear
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 10:34
End of day share price update: 2020/03/30 00:00
Last earnings filing: 2019/11/29
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.