Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this siste, so we recommend you switch to our brand new platform.

Rich Goldman Holdings

DB:MRU3
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MRU3
DB
HK$96M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Rich Goldman Holdings Limited, an investment holding company, engages in the gaming and entertainment related business in Macau. The last earnings update was 58 days ago. More info.


Add to Portfolio Compare Print
  • Rich Goldman Holdings has significant price volatility in the past 3 months.
MRU3 Share Price and Events
7 Day Returns
-16%
DB:MRU3
0.5%
DE Hospitality
1%
DE Market
1 Year Returns
-61.1%
DB:MRU3
-7.9%
DE Hospitality
15.7%
DE Market
MRU3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rich Goldman Holdings (MRU3) -16% 5% -29.5% -61.1% - -86.9%
DE Hospitality 0.5% -2.7% 15.4% -7.9% -12.7% -11.9%
DE Market 1% 1.4% 6.7% 15.7% 8.9% 18.3%
1 Year Return vs Industry and Market
  • MRU3 underperformed the Hospitality industry which returned -7.9% over the past year.
  • MRU3 underperformed the Market in Germany which returned 15.7% over the past year.
Price Volatility
MRU3
Industry
5yr Volatility vs Market

MRU3 Value

 Is Rich Goldman 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 Rich Goldman 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 Rich Goldman Holdings.

DB:MRU3 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 5.4%
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:MRU3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.931 (1 + (1- 25%) (0%))
0.954
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.954 * 6.07%)
5.4%

Discounted Cash Flow Calculation for DB:MRU3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rich Goldman 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:MRU3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 5.4%)
2020 35.22 Est @ -60.88% 33.41
2021 20.17 Est @ -42.73% 18.16
2022 14.11 Est @ -30.03% 12.05
2023 11.13 Est @ -21.14% 9.02
2024 9.47 Est @ -14.91% 7.28
2025 8.47 Est @ -10.56% 6.18
2026 7.83 Est @ -7.51% 5.42
2027 7.41 Est @ -5.37% 4.87
2028 7.13 Est @ -3.88% 4.44
2029 6.92 Est @ -2.83% 4.09
Present value of next 10 years cash flows HK$104.00
DB:MRU3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$6.92 × (1 + -0.39%) ÷ (5.4% – -0.39%)
HK$119.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$119.13 ÷ (1 + 5.4%)10
HK$70.41
DB:MRU3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$104.00 + HK$70.41
HK$174.41
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$174.41 / 692.44
HK$0.25
DB:MRU3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MRU3 represents 0.07554x of SEHK:70
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.07554x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.25 x 0.07554
€0.02
Value per share (EUR) From above. €0.02
Current discount Discount to share price of €0.01
= -1 x (€0.01 - €0.02) / €0.02
44.8%

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

Current Discount
Amount off the current price Rich Goldman Holdings is available for.
Intrinsic value
45%
Share price is €0.0105 vs Future cash flow value of €0.01903
Current Discount Checks
For Rich Goldman Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rich Goldman Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Rich Goldman 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 Rich Goldman Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rich Goldman Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MRU3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$0.06
SEHK:70 Share Price ** SEHK (2019-12-13) in HKD HK$0.14
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 30.18x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 20.46x

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

** Primary Listing of Rich Goldman Holdings.

DB:MRU3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:70 Share Price ÷ EPS (both in HKD)

= 0.14 ÷ 0.06

2.26x

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

  • Rich Goldman Holdings is good value based on earnings compared to the DE Hospitality industry average.
  • Rich Goldman Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Rich Goldman Holdings's expected growth come at a high price?
Raw Data
DB:MRU3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 0.7x
Germany Market PEG Ratio Median Figure of 262 Publicly-Listed Companies 1.44x

*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 Rich Goldman Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Rich Goldman Holdings's assets?
Raw Data
DB:MRU3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$1.64
SEHK:70 Share Price * SEHK (2019-12-13) in HKD HK$0.14
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 2.42x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.87x
DB:MRU3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:70 Share Price ÷ Book Value per Share (both in HKD)

= 0.14 ÷ 1.64

0.08x

* Primary Listing of Rich Goldman Holdings.

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

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

MRU3 Future Performance

 How is Rich Goldman 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 Rich Goldman 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
23.8%
Expected Hospitality industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rich Goldman Holdings expected to grow at an attractive rate?
  • Unable to compare Rich Goldman Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Rich Goldman Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Rich Goldman Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:MRU3 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 23.8%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:MRU3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:MRU3 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:MRU3 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 120 91 43
2019-03-31 128 108 44
2018-12-31 137 126 46
2018-09-30 134 211 43
2018-06-30 130 295 39
2018-03-31 178 388 5
2017-12-31 225 481 -29
2017-09-30 261 612 -19
2017-06-30 297 742 -10
2017-03-31 289 604 35
2016-12-31 282 466 81
2016-09-30 280 233 -61

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Rich Goldman Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Rich Goldman 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:MRU3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Rich Goldman Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MRU3 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:MRU3 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 0.06
2019-03-31 0.06
2018-12-31 0.07
2018-09-30 0.06
2018-06-30 0.06
2018-03-31 0.01
2017-12-31 -0.04
2017-09-30 -0.03
2017-06-30 -0.01
2017-03-31 0.06
2016-12-31 0.14
2016-09-30 -0.12

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

Next steps:

  1. Examine whether Rich Goldman Holdings is trading at Rich Goldman 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. Rich Goldman 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. Rich Goldman 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 Rich Goldman 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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Rich Goldman 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.

MRU3 Past Performance

  How has Rich Goldman 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 Rich Goldman Holdings's growth in the last year to its industry (Hospitality).
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.
  • Rich Goldman Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Rich Goldman Holdings's 1-year earnings growth is less than its 5-year average (9.2% vs 38.4%)
  • Rich Goldman Holdings's earnings growth has exceeded the DE Hospitality industry average in the past year (9.2% vs -39.6%).
Earnings and Revenue History
Rich Goldman 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 Rich Goldman Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MRU3 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 119.81 42.58 15.78
2019-03-31 128.34 44.38 -7.07
2018-12-31 136.87 46.18 -29.92
2018-09-30 133.68 42.59 -29.39
2018-06-30 130.48 39.01 -28.86
2018-03-31 177.79 5.09 -159.73
2017-12-31 225.10 -28.84 -290.60
2017-09-30 260.95 -19.49 -291.79
2017-06-30 296.80 -10.15 -292.98
2017-03-31 289.21 35.35 -167.21
2016-12-31 281.63 80.85 -41.44
2016-09-30 280.14 -60.63 16.44
2016-06-30 278.65 -202.11 74.31
2016-03-31 300.63 -709.03 271.23
2015-12-31 322.60 -1,215.96 468.15
2015-09-30 398.08 -1,021.99 409.32
2015-06-30 473.56 -828.01 350.48
2015-03-31 558.30 -361.93 178.71
2014-12-31 643.05 104.15 6.93
2014-09-30 676.72 126.46 7.48
2014-06-30 710.40 148.76 8.04
2014-03-31 677.19 218.27 9.12
2013-12-31 643.98 287.78 10.21
2013-09-30 610.75 288.04 10.41
2013-06-30 577.52 288.30 10.61
2013-03-31 537.66 304.07 9.10
2012-12-31 497.81 319.83 7.60

*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.
  • Rich Goldman Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rich Goldman Holdings used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Rich Goldman Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Rich Goldman 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 Hospitality 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.
Rich Goldman Holdings has a total score of 3/6, 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.

MRU3 Health

 How is Rich Goldman 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 Rich Goldman Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rich Goldman Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rich Goldman Holdings has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rich Goldman 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.
  • Rich Goldman Holdings has no debt, it does not need to be covered by short term assets.
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 Rich Goldman Holdings Company Filings, last reported 5 months ago.

DB:MRU3 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,191.82 0.00 86.24
2019-03-31 1,191.82 0.00 86.24
2018-12-31 1,183.70 0.00 513.83
2018-09-30 1,183.70 0.00 513.83
2018-06-30 1,225.92 0.00 598.06
2018-03-31 1,225.92 0.00 598.06
2017-12-31 1,126.22 0.00 502.55
2017-09-30 1,126.22 0.00 502.55
2017-06-30 1,383.61 14.01 596.47
2017-03-31 1,383.61 14.01 596.47
2016-12-31 1,491.44 15.24 644.78
2016-09-30 1,491.44 15.24 644.78
2016-06-30 1,451.65 16.45 148.56
2016-03-31 1,451.65 16.45 148.56
2015-12-31 1,568.49 17.64 54.28
2015-09-30 1,568.49 17.64 54.28
2015-06-30 1,819.03 18.82 58.21
2015-03-31 1,819.03 18.82 58.21
2014-12-31 3,110.25 19.79 124.73
2014-09-30 3,110.25 19.79 124.73
2014-06-30 2,967.31 20.93 45.19
2014-03-31 2,967.31 20.93 45.19
2013-12-31 3,000.06 35.70 32.31
2013-09-30 3,000.06 35.70 32.31
2013-06-30 2,806.69 54.84 95.58
2013-03-31 2,806.69 54.84 95.58
2012-12-31 2,871.66 24.28 92.03
  • Rich Goldman Holdings has no debt.
  • Rich Goldman Holdings has no debt compared to 5 years ago when it was 0.7%.
  • Rich Goldman Holdings has no debt, it does not need to be covered by operating cash flow.
  • Rich Goldman Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Rich Goldman 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. Rich Goldman 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.

MRU3 Dividends

 What is Rich Goldman 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 Rich Goldman Holdings dividends.
If you bought €2,000 of Rich Goldman 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 Rich Goldman Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Rich Goldman 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:MRU3 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 Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
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:MRU3 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Rich Goldman Holdings has not reported any payouts.
  • Unable to verify if Rich Goldman Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Rich Goldman Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Rich Goldman 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 Rich Goldman 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 Rich Goldman Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rich Goldman 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.

MRU3 Management

 What is the CEO of Rich Goldman 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.
  • Rich Goldman Holdings has no CEO, or we have no data on them.
Management Team

Andy Lin

TITLE
COO & Executive Chairman
COMPENSATION
HK$680K
AGE
44

Wai Yin So

TITLE
Executive Director
COMPENSATION
HK$729K
AGE
43

Chee Wai Kwok

TITLE
Company Secretary & Financial Controller
AGE
36
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Rich Goldman Holdings board of directors in years:

7.5
Average Tenure
47.5
Average Age
  • The tenure for the Rich Goldman Holdings board of directors is about average.
Board of Directors

Andy Lin

TITLE
COO & Executive Chairman
COMPENSATION
HK$680K
AGE
44
TENURE
0.4 yrs

Wai Yin So

TITLE
Executive Director
COMPENSATION
HK$729K
AGE
43
TENURE
1.3 yrs

Alton Cheung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$60K
AGE
56
TENURE
12.5 yrs

Fu Wing Yue

TITLE
Independent Non-Executive Director
COMPENSATION
HK$60K
AGE
51
TENURE
14.9 yrs

Nicholas John Niglio

TITLE
Non Executive Director
COMPENSATION
HK$477K
AGE
73
TENURE
12.3 yrs

Hoi Ching Yeung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$60K
AGE
37
TENURE
2.7 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 Rich Goldman 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. Rich Goldman 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.

MRU3 News

Simply Wall St News

MRU3 Company Info

Description

Rich Goldman Holdings Limited, an investment holding company, engages in the gaming and entertainment related business in Macau. It is also involved in the money lending activities; hotel operations; and property leasing business. The company was formerly known as Neptune Group Limited and changed its name to Rich Goldman Holdings Limited in September 2017. Rich Goldman Holdings Limited is headquartered in Central, Hong Kong.

Details
Name: Rich Goldman Holdings Limited
MRU3
Exchange: DB
Founded:
HK$11,101,292
692,436,675
Website: http://www.richgoldman.com.hk
Address: Rich Goldman Holdings Limited
West Tower,
Room 1807, 18th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 70 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jul 1992
DB MRU3 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jul 1992
Number of employees
Current staff
Staff numbers
31
Rich Goldman Holdings employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/15 21:33
End of day share price update: 2019/12/13 00:00
Last estimates confirmation: 2017/09/29
Last earnings filing: 2019/10/18
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


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.