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Modern Beauty Salon Holdings

DB:M3L
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
M3L
DB
HK$104M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Modern Beauty Salon Holdings Limited, an investment holding company, provides beauty and wellness services in Hong Kong, the People’s Republic of China, Singapore, Malaysia, Taiwan, and Australia. The last earnings update was 110 days ago. More info.


Add to Portfolio Compare Print
  • Modern Beauty Salon Holdings has significant price volatility in the past 3 months.
M3L Share Price and Events
7 Day Returns
0%
DB:M3L
2.2%
Europe Consumer Services
2.1%
DE Market
1 Year Returns
-52.9%
DB:M3L
2.4%
Europe Consumer Services
-16.6%
DE Market
M3L Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Modern Beauty Salon Holdings (M3L) 0% -20% -27.3% -52.9% -79.5% -90.9%
Europe Consumer Services 2.2% -7.2% -6.5% 2.4% -15.6% -55.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • M3L underperformed the Consumer Services industry which returned 2.4% over the past year.
  • M3L underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
M3L
Industry
5yr Volatility vs Market

Value

 Is Modern Beauty Salon 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 Modern Beauty Salon 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 Modern Beauty Salon Holdings.

DB:M3L Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.7%
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:M3L
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.644 (1 + (1- 25%) (72.88%))
0.997
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.997 * 6.07%)
5.66%

Discounted Cash Flow Calculation for DB:M3L using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Modern Beauty Salon Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:M3L DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 5.66%)
2020 107.95 Est @ 87.1% 102.17
2021 173.65 Est @ 60.85% 155.53
2022 247.41 Est @ 42.48% 209.72
2023 320.68 Est @ 29.62% 257.27
2024 386.79 Est @ 20.62% 293.68
2025 442.16 Est @ 14.31% 317.72
2026 485.95 Est @ 9.9% 330.47
2027 519.06 Est @ 6.81% 334.07
2028 543.22 Est @ 4.65% 330.88
2029 560.28 Est @ 3.14% 322.98
Present value of next 10 years cash flows HK$2,654.00
DB:M3L DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$560.28 × (1 + -0.39%) ÷ (5.66% – -0.39%)
HK$9,220.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$9,220.21 ÷ (1 + 5.66%)10
HK$5,315.15
DB:M3L Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$2,654.00 + HK$5,315.15
HK$7,969.15
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$7,969.15 / 904.48
HK$8.81
DB:M3L Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:M3L represents 0.06957x of SEHK:919
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.06957x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 8.81 x 0.06957
€0.61
Value per share (EUR) From above. €0.61
Current discount Discount to share price of €0.01
= -1 x (€0.01 - €0.61) / €0.61
98.7%

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

Current Discount
Amount off the current price Modern Beauty Salon Holdings is available for.
Intrinsic value
>50%
Share price is €0.008 vs Future cash flow value of €0.61292
Current Discount Checks
For Modern Beauty Salon Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Modern Beauty Salon Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Modern Beauty Salon Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Modern Beauty Salon Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Modern Beauty Salon Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:M3L PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in HKD HK$0.00
SEHK:919 Share Price ** SEHK (2020-04-07) in HKD HK$0.12
Europe Consumer Services Industry PE Ratio Median Figure of 12 Publicly-Listed Consumer Services Companies 15.21x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Modern Beauty Salon Holdings.

DB:M3L PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:919 Share Price ÷ EPS (both in HKD)

= 0.12 ÷ 0.00

41.43x

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

  • Modern Beauty Salon Holdings is overvalued based on earnings compared to the Europe Consumer Services industry average.
  • Modern Beauty Salon Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Modern Beauty Salon Holdings's expected growth come at a high price?
Raw Data
DB:M3L PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Consumer Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Services Companies 0.33x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*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 Modern Beauty Salon Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Modern Beauty Salon Holdings's assets?
Raw Data
DB:M3L PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in HKD HK$0.21
SEHK:919 Share Price * SEHK (2020-04-07) in HKD HK$0.12
Europe Consumer Services Industry PB Ratio Median Figure of 22 Publicly-Listed Consumer Services Companies 2.18x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:M3L PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:919 Share Price ÷ Book Value per Share (both in HKD)

= 0.12 ÷ 0.21

0.56x

* Primary Listing of Modern Beauty Salon Holdings.

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

  • Modern Beauty Salon Holdings is good value based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess Modern Beauty Salon 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 Consumer Services 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 Consumer Services industry average (and greater than 0)? (1 check)
  5. Modern Beauty Salon Holdings has a total score of 3/6, 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 Modern Beauty Salon 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 Modern Beauty Salon 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
17.7%
Expected Consumer Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Modern Beauty Salon Holdings expected to grow at an attractive rate?
  • Unable to compare Modern Beauty Salon Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Modern Beauty Salon Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Modern Beauty Salon Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:M3L Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 17.7%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:M3L 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 HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:M3L Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-09-30 580 80 3
2019-06-30 578 57 -5
2019-03-31 576 34 -13
2018-12-31 573 14 -22
2018-09-30 571 -5 -32
2018-06-30 585 -16 -27
2018-03-31 599 -26 -23
2017-12-31 622 -3
2017-09-30 646 -51 16
2017-06-30 670 -44 25
2017-03-31 693 -37 33
2016-12-31 714 27

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Modern Beauty Salon Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Modern Beauty Salon 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:M3L 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 Modern Beauty Salon Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:M3L Past Financials Data
Date (Data in HKD Millions) EPS *
2019-09-30 0.00
2019-06-30 -0.01
2019-03-31 -0.01
2018-12-31 -0.02
2018-09-30 -0.03
2018-06-30 -0.03
2018-03-31 -0.03
2017-12-31 0.00
2017-09-30 0.02
2017-06-30 0.03
2017-03-31 0.04
2016-12-31 0.03

*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 Modern Beauty Salon Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Modern Beauty Salon Holdings is trading at Modern Beauty Salon Holdings'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Modern Beauty Salon 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 Consumer Services companies here
  3. Modern Beauty Salon 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 Modern Beauty Salon 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.
Modern Beauty Salon 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 Modern Beauty Salon 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 Modern Beauty Salon Holdings's growth in the last year to its industry (Consumer Services).
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.
  • Modern Beauty Salon Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Modern Beauty Salon Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Modern Beauty Salon Holdings has become profitable in the last year making it difficult to compare the Europe Consumer Services industry average.
Earnings and Revenue History
Modern Beauty Salon 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 Modern Beauty Salon Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:M3L Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 579.63 2.51 95.96
2019-06-30 577.82 -5.39 114.39
2019-03-31 576.02 -13.29 132.83
2018-12-31 573.27 -22.46 139.17
2018-09-30 570.53 -31.64 145.51
2018-06-30 584.77 -27.25 149.82
2018-03-31 599.02 -22.86 154.13
2017-12-31 622.49 -3.46 155.95
2017-09-30 645.97 15.94 157.77
2017-06-30 669.63 24.60 159.47
2017-03-31 693.28 33.26 161.16
2016-12-31 713.95 26.79 164.73
2016-09-30 734.62 20.32 168.30
2016-06-30 755.71 15.34 172.98
2016-03-31 776.81 10.37 177.65
2015-12-31 797.70 20.84 181.13
2015-09-30 819.15 29.02 184.60
2015-06-30 846.69 48.93 186.20
2015-03-31 874.24 68.85 187.79
2014-12-31 883.88 66.31 189.26
2014-09-30 893.53 63.78 190.74
2014-06-30 881.17 59.31 190.20
2014-03-31 868.81 54.84 189.67
2013-12-31 787.40 -2.91 191.26
2013-09-30 705.99 -60.65 192.85
2013-06-30 707.05 -57.04 190.21

*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.
  • Modern Beauty Salon Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Modern Beauty Salon Holdings used its assets less efficiently than the Europe Consumer Services industry average last year based on Return on Assets.
  • Modern Beauty Salon Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Modern Beauty Salon 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 Consumer Services 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.
Modern Beauty Salon 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 Modern Beauty Salon 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 Modern Beauty Salon Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Modern Beauty Salon Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Modern Beauty Salon Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Modern Beauty Salon 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 3.2512400503662E+16x 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 Modern Beauty Salon Holdings Company Filings, last reported 6 months ago.

DB:M3L Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 191.67 0.00 188.65
2019-06-30 191.67 0.00 188.65
2019-03-31 186.90 0.00 188.24
2018-12-31 186.90 0.00 188.24
2018-09-30 188.13 0.00 173.00
2018-06-30 188.13 0.00 173.00
2018-03-31 88.43 0.00 187.24
2017-12-31 88.43 0.00 187.24
2017-09-30 111.18 0.00 209.41
2017-06-30 111.18 0.00 209.41
2017-03-31 125.44 0.00 249.84
2016-12-31 125.44 0.00 249.84
2016-09-30 176.42 0.71 354.34
2016-06-30 176.42 0.71 354.34
2016-03-31 72.97 91.41 366.65
2015-12-31 161.87 2.50 366.65
2015-09-30 157.83 2.42 375.27
2015-06-30 157.83 2.42 375.27
2015-03-31 171.17 4.13 397.25
2014-12-31 171.17 4.13 397.25
2014-09-30 174.42 3.98 448.63
2014-06-30 174.42 3.98 448.63
2014-03-31 145.31 5.63 440.85
2013-12-31 145.31 5.63 440.85
2013-09-30 148.58 5.41 488.57
2013-06-30 148.58 5.41 488.57
  • Modern Beauty Salon Holdings's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Modern Beauty Salon Holdings had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (5.6603914129071E+17%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 151.3x coverage).
X
Financial health checks
We assess Modern Beauty Salon 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. Modern Beauty Salon 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 Modern Beauty Salon 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
0%
Current annual income from Modern Beauty Salon Holdings dividends.
If you bought €2,000 of Modern Beauty Salon Holdings shares you are expected to receive €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 Modern Beauty Salon Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Modern Beauty Salon Holdings'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
DB:M3L 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
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:M3L Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-12-21 0.000 0.000
2018-11-29 0.000 0.000
2018-07-24 0.000 0.000
2018-06-27 0.000 0.000
2017-12-21 0.000 0.000
2017-11-27 0.000 0.000
2017-07-25 0.025 7.184
2017-06-29 0.025 6.753
2017-06-28 0.025 6.579
2016-08-26 0.010 2.610
2015-07-24 0.055 11.448
2015-06-26 0.055 8.067
2014-07-29 0.040 6.388
2014-06-30 0.040 7.272
2013-12-27 0.050 8.512
2013-11-25 0.050 8.282
2013-07-30 0.000 0.000
2013-06-26 0.000 0.000
2012-11-21 0.073 9.885
2012-06-27 0.085 9.380
2011-12-09 0.068 6.591
2011-11-23 0.068 8.683
2011-07-18 0.058 7.908
2010-11-25 0.028 3.109
2010-07-26 0.000 0.000
2009-12-28 0.000 0.000
2009-12-17 0.000 0.000
2009-07-23 0.000 0.000
2009-07-17 0.000 0.000

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

  • Unable to perform a dividend volatility check as Modern Beauty Salon Holdings has not reported any payouts.
  • Unable to verify if Modern Beauty Salon Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Modern Beauty Salon Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Modern Beauty Salon Holdings 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 Modern Beauty Salon Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Modern Beauty Salon Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Modern Beauty Salon Holdings 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.

Management

 What is the CEO of Modern Beauty Salon 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
Joyce Tsang
COMPENSATION HK$9,859,000
AGE 58
TENURE AS CEO 10 years
CEO Bio

Dr. Yue Tsang, also known as Joyce, is Founder of Modern Beauty Salon Holdings Limited and has been its Chairperson and Chief Executive Officer since April 16, 2010. Dr. Tsang is responsible for overall management, strategic planning and development, as well as formulation of policies and business strategy. Dr. Tsang is a veteran in the beauty and healthcare industry and has profound industry understanding and distinctive know how to originate and capitalize on the trends and changes seen in the market. She has wealth of knowledge of the business and corporate management. She started business from a small store dated back 20 years ago. She has been Executive Director of Modern Beauty Salon Holdings Limited since April 16, 2010. She served as an Executive Director of Modern Beauty Salon Holdings Limited from September 26, 2005 to November 26, 2008. Dr. Tsang has made significant contribution to the local community in leading the Group to participate in charitable and fund-raising activities in Hong Kong. She is a Fellow of the Hong Kong Institute of Directors. She is the Honorary Fellow of The Professional Valuation Centre of Hong Kong. She holds a Doctorate in Business Administration (Honoris Causa) from International American University.

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

Average tenure and age of the Modern Beauty Salon Holdings management team in years:

8.9
Average Tenure
47
Average Age
  • The average tenure for the Modern Beauty Salon Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Joyce Tsang

TITLE
Founder
COMPENSATION
HK$10M
AGE
58
TENURE
10 yrs

Ella Yeung

TITLE
Financial Controller & Executive Director
COMPENSATION
HK$774K
AGE
45

Kai Wing Yip

TITLE
CTO & Executive Director
COMPENSATION
HK$650K
AGE
45

Lai Ip

TITLE
Operation Manager of Customer Service
AGE
47

Soo Ghee Lee

TITLE
Chief Administrative Officer
COMPENSATION
HK$2M
AGE
44
TENURE
8.2 yrs

Hon Wa Hui

TITLE
Legal Counsel
AGE
54

Shu Pui Wong

TITLE
Company Secretary
COMPENSATION
HK$596K
AGE
52
TENURE
8.9 yrs
Board of Directors Tenure

Average tenure and age of the Modern Beauty Salon Holdings board of directors in years:

10.3
Average Tenure
54.5
Average Age
  • The average tenure for the Modern Beauty Salon Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Joyce Tsang

TITLE
Founder
COMPENSATION
HK$10M
AGE
58
TENURE
10 yrs

Ella Yeung

TITLE
Financial Controller & Executive Director
COMPENSATION
HK$774K
AGE
45
TENURE
7.3 yrs

Kai Wing Yip

TITLE
CTO & Executive Director
COMPENSATION
HK$650K
AGE
45
TENURE
14.6 yrs

Rhoda Liu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$324K
AGE
57
TENURE
10.3 yrs

Raymond Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$264K
AGE
52
TENURE
10.3 yrs

Martin Hong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$264K
AGE
69
TENURE
10.3 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 Modern Beauty Salon 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. Modern Beauty Salon 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

Modern Beauty Salon Holdings Limited, an investment holding company, provides beauty and wellness services in Hong Kong, the People’s Republic of China, Singapore, Malaysia, Taiwan, and Australia. The company operates through two segments, Beauty and Wellness Services; and Skincare and Wellness Products. It offers beauty and facial services; aesthetics services, such as skincare treatment, professional consultation, and referral services on plastic reconstruction; slimming services, including weight management programs; and spa and massage services comprising resplendent bathroom furnishings and a hydrotherapeutic pool, and foot treatment, as well as foot spa, foot treatment, and foot massage services. The company also sells skincare and wellness products under the be, FERRECARE, p.e.n, Y.U.E., Advanced Natural, Bioline, Malu Wilz, BeYu, Fanola, Byothea, and Mila d’Opiz brand names. In addition, it provides franchise and trademark services in relation to beautification and gymnastic services; advertising services; management services; and beauty consultancy, marketing, and management services, as well as leases properties, and plant and equipment. Additionally, the company is involved in property holding. As of March 31, 2019, the company had 33 service centers in Hong Kong; 3 service centers in Mainland China; and 11 service centers in Singapore, as well as 12 be Beauty Shop outlets. Modern Beauty Salon Holdings Limited was founded in 1986 and is based in Kowloon Bay, Hong Kong.

Details
Name: Modern Beauty Salon Holdings Limited
M3L
Exchange: DB
Founded: 1986
HK$12,320,438
904,483,942
Website: http://www.modernbeautysalon.com
Address: Modern Beauty Salon Holdings Limited
Sino Industrial Plaza,
6th Floor,
Kowloon Bay,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 919 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 09. Feb 2006
DB M3L Ordinary Shares Deutsche Boerse AG DE EUR 09. Feb 2006
Number of employees
Current staff
Staff numbers
1,180
Modern Beauty Salon Holdings employees.
Industry
Specialized Consumer Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 00:53
End of day share price update: 2020/04/07 00:00
Last earnings filing: 2019/12/20
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.