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E. Bon Holdings

DB:EBN
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EBN
DB
HK$240M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

E. Bon Holdings Limited, an investment holding company, engages in the import, wholesale, retail, and installation of architectural builders’ hardware, bathroom and kitchen collections, and furniture in the People’s Republic of China. The last earnings update was 63 days ago. More info.


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  • E. Bon Holdings has significant price volatility in the past 3 months.
EBN Share Price and Events
7 Day Returns
15.4%
DB:EBN
1%
DE Trade Distributors
1.7%
DE Market
1 Year Returns
-21.9%
DB:EBN
11%
DE Trade Distributors
15%
DE Market
EBN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
E. Bon Holdings (EBN) 15.4% 15.4% 11.9% -21.9% -66.2% -1.3%
DE Trade Distributors 1% 2% 4.2% 11% -12.3% -8.6%
DE Market 1.7% 0.8% 3.7% 15% 6.9% 7.3%
1 Year Return vs Industry and Market
  • EBN underperformed the Trade Distributors industry which returned 11% over the past year.
  • EBN underperformed the Market in Germany which returned 15% over the past year.
Price Volatility
EBN
Industry
5yr Volatility vs Market

Value

 Is E. Bon Holdings 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
Here we compare the current share price of E. Bon Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for E. Bon Holdings.

DB:EBN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in HKD HK$ .025000
Payout Ratio Company Filings (2019-09-30) 5319.1%
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:EBN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.959 (1 + (1- 25%) (54.22%))
1.234
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.234 * 6.07%)
7.1%

Discounted Cash Flow Calculation for DB:EBN using Dividend Discount Model Model

The calculations below outline how an intrinsic value for E. Bon Holdings is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:EBN Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= HK$0.03 / (7.1% - -0.39%)
HK$0
DB:EBN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:EBN represents 0.09375x of SEHK:599
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09375x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.33 x 0.09375
€0.03
Value per share (EUR) From above. €0.03
Current discount Discount to share price of €0.04
= -1 x (€0.04 - €0.03) / €0.03
-19.8%

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

  • The current share price of E. Bon Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 E. Bon Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are E. Bon Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EBN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in HKD HK$0.02
SEHK:599 Share Price ** SEHK (2020-02-14) in HKD HK$0.4
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 15.93x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 21.14x

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

** Primary Listing of E. Bon Holdings.

DB:EBN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:599 Share Price ÷ EPS (both in HKD)

= 0.4 ÷ 0.02

20.94x

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

  • E. Bon Holdings is overvalued based on earnings compared to the DE Trade Distributors industry average.
  • E. Bon Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does E. Bon Holdings's expected growth come at a high price?
Raw Data
DB:EBN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Trade Distributors Industry PEG Ratio Median Figure of 29 Publicly-Listed Trade Distributors Companies 2.14x
Germany Market PEG Ratio Median Figure of 260 Publicly-Listed Companies 1.58x

*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 E. Bon Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on E. Bon Holdings's assets?
Raw Data
DB:EBN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in HKD HK$0.77
SEHK:599 Share Price * SEHK (2020-02-14) in HKD HK$0.4
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.3x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.94x
DB:EBN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:599 Share Price ÷ Book Value per Share (both in HKD)

= 0.4 ÷ 0.77

0.52x

* Primary Listing of E. Bon Holdings.

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

  • E. Bon Holdings is good value based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess E. Bon Holdings'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. E. Bon Holdings has a total score of 2/6, 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.

Future Performance

 How is E. Bon Holdings 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 E. Bon 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 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
8.4%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is E. Bon Holdings expected to grow at an attractive rate?
  • Unable to compare E. Bon Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare E. Bon Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare E. Bon Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:EBN Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 8.4%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
DB:EBN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EBN Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:EBN Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-09-30 543 23 11
2019-06-30 542 37 13
2019-03-31 540 52 15
2018-12-31 567 80 26
2018-09-30 593 109 37
2018-06-30 589 58 40
2018-03-31 585 8 44
2017-12-31 549 -19 40
2017-09-30 514 -45 37
2017-06-30 510 -6 40
2017-03-31 506 33 42
2016-12-31 541 55 62

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if E. Bon Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if E. Bon Holdings 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
DB:EBN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from E. Bon Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EBN Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:EBN Past Financials Data
Date (Data in HKD Millions) EPS *
2019-09-30 0.02
2019-06-30 0.02
2019-03-31 0.03
2018-12-31 0.04
2018-09-30 0.06
2018-06-30 0.07
2018-03-31 0.07
2017-12-31 0.07
2017-09-30 0.06
2017-06-30 0.07
2017-03-31 0.07
2016-12-31 0.10

*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 E. Bon Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine E. Bon Holdings'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.
  2. E. Bon Holdings'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 Capital Goods companies here
  3. E. Bon Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess E. Bon Holdings'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
E. Bon Holdings 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.

Past Performance

  How has E. Bon Holdings 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 E. Bon Holdings's growth in the last year to its industry (Trade Distributors).
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.
  • E. Bon Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • E. Bon Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • E. Bon Holdings's 1-year earnings growth is negative, it can't be compared to the DE Trade Distributors industry average.
Earnings and Revenue History
E. Bon Holdings'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 E. Bon Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EBN Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 543.46 11.47 194.45
2019-06-30 541.61 13.28 191.97
2019-03-31 539.76 15.09 189.49
2018-12-31 566.56 25.80 189.73
2018-09-30 593.35 36.52 189.97
2018-06-30 589.04 40.36 188.00
2018-03-31 584.72 44.19 186.03
2017-12-31 549.25 40.46 174.51
2017-09-30 513.77 36.73 162.99
2017-06-30 509.88 39.52 164.88
2017-03-31 505.98 42.31 166.77
2016-12-31 540.62 62.24 170.30
2016-09-30 575.26 82.17 173.82
2016-06-30 603.59 80.27 176.80
2016-03-31 631.93 78.38 179.78
2015-12-31 619.84 77.22 174.52
2015-09-30 607.75 76.06 169.26
2015-06-30 593.28 70.99 161.62
2015-03-31 578.81 65.91 153.98
2014-12-31 544.78 38.68 152.21
2014-09-30 510.74 11.45 150.44
2014-06-30 488.38 10.23 152.30
2014-03-31 466.02 9.02 154.16
2013-12-31 468.13 16.24 151.09
2013-09-30 470.24 23.46 148.02
2013-06-30 473.81 23.98 149.07
2013-03-31 477.37 24.51 150.12

*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.
  • E. Bon Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • E. Bon Holdings used its assets less efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • E. Bon Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess E. Bon Holdings'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 Trade Distributors 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.
E. Bon Holdings 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.

Health

 How is E. Bon Holdings'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 E. Bon Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • E. Bon Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • E. Bon Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of E. Bon Holdings'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 13.1x 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 E. Bon Holdings Company Filings, last reported 4 months ago.

DB:EBN Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 462.96 30.61 79.75
2019-06-30 462.96 30.61 79.75
2019-03-31 462.88 36.59 66.37
2018-12-31 462.88 36.59 66.37
2018-09-30 467.68 15.40 92.73
2018-06-30 467.68 15.40 92.73
2018-03-31 479.21 41.38 62.36
2017-12-31 479.21 41.38 62.36
2017-09-30 439.66 57.34 79.97
2017-06-30 439.66 57.34 79.97
2017-03-31 431.86 38.12 79.71
2016-12-31 431.86 38.12 79.71
2016-09-30 409.15 34.76 117.48
2016-06-30 409.15 34.76 117.48
2016-03-31 424.84 58.85 127.78
2015-12-31 424.84 58.85 127.78
2015-09-30 387.76 41.00 133.39
2015-06-30 387.76 41.00 133.39
2015-03-31 388.88 60.55 121.96
2014-12-31 388.88 60.55 121.96
2014-09-30 330.96 56.88 63.74
2014-06-30 330.96 56.88 63.74
2014-03-31 323.65 68.02 47.86
2013-12-31 323.65 68.02 47.86
2013-09-30 321.36 73.14 59.55
2013-06-30 321.36 73.14 59.55
2013-03-31 326.95 74.60 71.91
  • E. Bon Holdings's level of debt (6.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (17.2% vs 6.6% today).
  • Debt is well covered by operating cash flow (75.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.6x coverage).
X
Financial health checks
We assess E. Bon Holdings'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. E. Bon Holdings has a total score of 6/6, 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.

Dividends

 What is E. Bon Holdings'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
6.25%
Current annual income from E. Bon Holdings dividends.
If you bought €2,000 of E. Bon Holdings shares you are expected to receive €125 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?
  • E. Bon Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.31%).
  • E. Bon Holdings's dividend is above the markets top 25% of dividend payers in Germany (3.59%).
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
DB:EBN 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
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

DB:EBN Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
DB:EBN Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-07-25 0.025 6.037
2019-06-26 0.025 5.338
2018-09-19 0.035 6.989
2017-07-26 0.040 6.489
2017-06-27 0.040 5.087
2016-07-22 0.035 3.769
2016-06-22 0.035 4.088
2015-07-24 0.050 6.989
2014-07-28 0.015 3.679
2014-06-23 0.015 4.815
2013-07-23 0.030 8.019
2013-06-25 0.030 7.464
2013-01-24 0.015 3.961
2012-12-20 0.015 3.917
2012-12-18 0.015 3.949
2011-11-23 0.030 7.613
2011-06-24 0.020 5.318
2010-11-29 0.020 4.954
2010-07-29 0.019 3.637
2010-06-14 0.019 4.025
2009-12-10 0.017 4.654
2009-06-03 0.014 4.559

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of E. Bon Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
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 E. Bon Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 E. Bon Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. E. Bon Holdings has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of E. Bon Holdings'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
Tony Tse
COMPENSATION HK$4,291,000
AGE 60
CEO Bio

Mr. Sun Po Tse, also known as Tony, serves as Managing Director of E. Bon Holdings Ltd. and has been its Executive Director since January 07, 2000. Mr. Tse has over 25 years of experience in the trading of building materials and is responsible for the retail business of the Group. He also assists in the strategic planning and management of the Group.

CEO Compensation
  • Tony's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tony's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the E. Bon Holdings management team in years:

7.7
Average Tenure
55.5
Average Age
  • The average tenure for the E. Bon Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Henry Tse

TITLE
Executive Chairman
COMPENSATION
HK$3M
AGE
62

Tony Tse

TITLE
MD & Executive Director
COMPENSATION
HK$4M
AGE
60

Albert Tse

TITLE
Vice Chairman
COMPENSATION
HK$5M
AGE
68

Shiu Lau

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
51

Kevin Tse

TITLE
Deputy MD & Executive Director
COMPENSATION
HK$3M
AGE
39
TENURE
7.7 yrs

Chi Yu

TITLE
CFO & Company Secretary
AGE
40
TENURE
6.4 yrs

Raymond Lo

TITLE
Technical Director
AGE
65
TENURE
41.1 yrs

Teddy Lo

TITLE
Chief Operating Officer of the Kitchen Project Division
AGE
42
Board of Directors Tenure

Average tenure and age of the E. Bon Holdings board of directors in years:

15.4
Average Tenure
61
Average Age
  • The average tenure for the E. Bon Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Henry Tse

TITLE
Executive Chairman
COMPENSATION
HK$3M
AGE
62

Tony Tse

TITLE
MD & Executive Director
COMPENSATION
HK$4M
AGE
60
TENURE
20.1 yrs

Albert Tse

TITLE
Vice Chairman
COMPENSATION
HK$5M
AGE
68
TENURE
7.7 yrs

Shiu Lau

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
51
TENURE
18.2 yrs

Kevin Tse

TITLE
Deputy MD & Executive Director
COMPENSATION
HK$3M
AGE
39
TENURE
11.4 yrs

Dominic Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$108K
AGE
70
TENURE
18.7 yrs

Wilson Wan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$108K
AGE
45
TENURE
15.4 yrs

John Luk

TITLE
Independent Non-Executive Director
AGE
75
TENURE
0.3 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 (€) Value (€)
X
Management checks
We assess E. Bon Holdings'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. E. Bon Holdings 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.

News

Simply Wall St News

Company Info

Description

E. Bon Holdings Limited, an investment holding company, engages in the import, wholesale, retail, and installation of architectural builders’ hardware, bathroom and kitchen collections, and furniture in the People’s Republic of China. The company also provides interior decoration and project management services for property development. In addition, it is involved in property holding activities. The company serves contractors, property developers, and dealers. E. Bon Holdings Limited was founded in 1976 and is headquartered in Causeway Bay, Hong Kong.

Details
Name: E. Bon Holdings Limited
EBN
Exchange: DB
Founded: 1976
HK$28,544,922
600,600,000
Website: http://www.ebon.com.hk
Address: E. Bon Holdings Limited
First Commercial Building,
16th–18th Floors,
Causeway Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 599 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 28. Apr 2000
DB EBN Ordinary Shares Deutsche Boerse AG DE EUR 28. Apr 2000
Number of employees
Current staff
Staff numbers
165
E. Bon Holdings employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/17 20:46
End of day share price update: 2020/02/14 00:00
Last estimates confirmation: 2018/06/27
Last earnings filing: 2019/12/16
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.