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Oi Wah Pawnshop Credit Holdings

BST:OWH
Snowflake Description

Undervalued with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OWH
BST
HK$582M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Oi Wah Pawnshop Credit Holdings Limited, an investment holding company, engages in the provision of secured financing services to high net worth customers in Hong Kong. The last earnings update was 13 days ago. More info.


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OWH Share Price and Events
7 Day Returns
2.3%
BST:OWH
-1%
Europe Consumer Finance
2.2%
DE Market
1 Year Returns
-8.3%
BST:OWH
-23.5%
Europe Consumer Finance
8.2%
DE Market
OWH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Oi Wah Pawnshop Credit Holdings (OWH) 2.3% 18.9% 29.4% -8.3% -53.2% -40.9%
Europe Consumer Finance -1% 3.2% -0% -23.5% -43% -34.7%
DE Market 2.2% 6% 12.4% 8.2% 14.9% 24%
1 Year Return vs Industry and Market
  • OWH outperformed the Consumer Finance industry which returned -23.5% over the past year.
  • OWH underperformed the Market in Germany which returned 8.2% over the past year.
Price Volatility
OWH
Industry
5yr Volatility vs Market

OWH Value

 Is Oi Wah Pawnshop Credit 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 Oi Wah Pawnshop Credit 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 Oi Wah Pawnshop Credit Holdings.

BST:OWH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= HK$0.38 * 12.9%
HK$0.05
Book Value of Equity per Share Median Book Value from the past 5 years. HK$0.38
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 BST:OWH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.692 (1 + (1- 25%) (125.04%))
1.229
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)
= 0.23% + (1.229 * 6.65%)
8.4%

Discounted Cash Flow Calculation for BST:OWH using Excess Returns Model Model

The calculations below outline how an intrinsic value for Oi Wah Pawnshop Credit Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BST:OWH Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.9% – 8.4%) * HK$0.38)
HK$0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= HK$0.02 / (8.4% - 0.23%)
HK$0.21
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= HK$0.38 + HK$0.21
HK$0.58
BST:OWH Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:OWH represents 0.07333x of SEHK:1319
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.07333x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.58 x 0.07333
€0.04
Value per share (EUR) From above. €0.04
Current discount Discount to share price of €0.02
= -1 x (€0.02 - €0.04) / €0.04
48.6%

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

Current Discount
Amount off the current price Oi Wah Pawnshop Credit Holdings is available for.
Intrinsic value
49%
Share price is €0.022 vs Future cash flow value of €0.04279
Current Discount Checks
For Oi Wah Pawnshop Credit Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Oi Wah Pawnshop Credit Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Oi Wah Pawnshop Credit 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 Oi Wah Pawnshop Credit Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Oi Wah Pawnshop Credit Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:OWH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-31) in HKD HK$0.05
SEHK:1319 Share Price ** SEHK (2019-11-08) in HKD HK$0.3
Europe Consumer Finance Industry PE Ratio Median Figure of 28 Publicly-Listed Consumer Finance Companies 11.68x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.76x

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

** Primary Listing of Oi Wah Pawnshop Credit Holdings.

BST:OWH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1319 Share Price ÷ EPS (both in HKD)

= 0.3 ÷ 0.05

5.47x

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

  • Oi Wah Pawnshop Credit Holdings is good value based on earnings compared to the Europe Consumer Finance industry average.
  • Oi Wah Pawnshop Credit Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Oi Wah Pawnshop Credit Holdings's expected growth come at a high price?
Raw Data
BST:OWH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
11.8%per year
Europe Consumer Finance Industry PEG Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 0.75x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*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 Oi Wah Pawnshop Credit Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Oi Wah Pawnshop Credit Holdings's assets?
Raw Data
BST:OWH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-31) in HKD HK$0.45
SEHK:1319 Share Price * SEHK (2019-11-08) in HKD HK$0.3
Europe Consumer Finance Industry PB Ratio Median Figure of 42 Publicly-Listed Consumer Finance Companies 1.24x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.82x
BST:OWH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1319 Share Price ÷ Book Value per Share (both in HKD)

= 0.3 ÷ 0.45

0.67x

* Primary Listing of Oi Wah Pawnshop Credit Holdings.

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

  • Oi Wah Pawnshop Credit Holdings is good value based on assets compared to the Europe Consumer Finance industry average.
X
Value checks
We assess Oi Wah Pawnshop Credit 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 Finance 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 Finance industry average (and greater than 0)? (1 check)
  5. Oi Wah Pawnshop Credit 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.

OWH Future Performance

 How is Oi Wah Pawnshop Credit Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Oi Wah Pawnshop Credit Holdings, future earnings growth has been estimated based on fundamentals.
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
11.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Oi Wah Pawnshop Credit Holdings expected to grow at an attractive rate?
  • Oi Wah Pawnshop Credit Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Oi Wah Pawnshop Credit Holdings's earnings growth is positive but not above the Germany market average.
  • Unable to compare Oi Wah Pawnshop Credit Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:OWH Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:OWH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 11.8%
Europe Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 10.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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
BST:OWH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
BST:OWH Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-08-31 182 209 106
2019-05-31 180 188 104
2019-02-28 178 167 101
2018-11-30 177 62 100
2018-08-31 181 -42 100
2018-05-31 182 -2 101
2018-02-28 176 37 101
2017-11-30 181 52 102
2017-08-31 185 66 104
2017-05-31 184 -21 104
2017-02-28 183 -107 103
2016-11-30 181 -123 101

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Oi Wah Pawnshop Credit Holdings's earnings are expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Oi Wah Pawnshop Credit 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
BST:OWH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Oi Wah Pawnshop Credit Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:OWH Past Financials Data
Date (Data in HKD Millions) EPS *
2019-08-31 0.05
2019-05-31 0.05
2019-02-28 0.05
2018-11-30 0.05
2018-08-31 0.05
2018-05-31 0.05
2018-02-28 0.05
2017-11-30 0.05
2017-08-31 0.05
2017-05-31 0.05
2017-02-28 0.05
2016-11-30 0.05

*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 Oi Wah Pawnshop Credit Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Oi Wah Pawnshop Credit 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.
Oi Wah Pawnshop Credit Holdings has a total score of 1/6, 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.

OWH Past Performance

  How has Oi Wah Pawnshop Credit 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 Oi Wah Pawnshop Credit Holdings's growth in the last year to its industry (Consumer Finance).
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.
  • Oi Wah Pawnshop Credit Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Oi Wah Pawnshop Credit Holdings's 1-year earnings growth is less than its 5-year average (6.3% vs 6.5%)
  • Oi Wah Pawnshop Credit Holdings's earnings growth has not exceeded the Europe Consumer Finance industry average in the past year (6.3% vs 6.6%).
Earnings and Revenue History
Oi Wah Pawnshop Credit 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 Oi Wah Pawnshop Credit Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:OWH Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-31 181.92 106.45 21.19
2019-05-31 180.00 103.63 22.04
2019-02-28 178.09 100.82 22.88
2018-11-30 176.58 100.47 22.21
2018-08-31 181.19 100.12 21.53
2018-05-31 181.67 100.51 22.55
2018-02-28 176.05 100.91 23.56
2017-11-30 180.55 102.39 23.93
2017-08-31 185.06 103.87 24.30
2017-05-31 184.28 103.55 23.91
2017-02-28 183.50 103.23 23.51
2016-11-30 181.11 101.31 22.99
2016-08-31 178.72 99.40 22.47
2016-05-31 172.80 95.38 21.86
2016-02-29 166.88 91.37 21.25
2015-11-30 162.97 90.20 20.20
2015-08-31 159.06 89.03 19.14
2015-05-31 151.72 84.56 17.96
2015-02-28 144.37 80.09 16.79
2014-11-30 130.41 71.44 17.73
2014-08-31 116.45 62.80 18.68
2014-05-31 105.03 51.94 16.10
2014-02-28 93.60 41.08 13.52
2013-11-30 86.13 31.53 10.70
2013-08-31 81.11 26.07 11.39
2013-05-31 76.43 24.39 10.83
2013-02-28 71.74 22.71 10.28
2012-11-30 70.13 27.96 10.11

*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.
  • Oi Wah Pawnshop Credit Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Oi Wah Pawnshop Credit Holdings used its assets more efficiently than the Europe Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if Oi Wah Pawnshop Credit Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Oi Wah Pawnshop Credit 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 Finance 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.
Oi Wah Pawnshop Credit Holdings has a total score of 2/6, 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.

OWH Health

 How is Oi Wah Pawnshop Credit 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 Oi Wah Pawnshop Credit Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Oi Wah Pawnshop Credit Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Oi Wah Pawnshop Credit Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Oi Wah Pawnshop Credit 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Oi Wah Pawnshop Credit Holdings Company Filings, last reported 2 months ago.

BST:OWH Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-31 867.95 705.66 141.84
2019-05-31 867.95 705.66 141.84
2019-02-28 822.83 605.75 41.42
2018-11-30 822.83 605.75 41.42
2018-08-31 795.82 742.69 52.65
2018-05-31 795.82 742.69 52.65
2018-02-28 788.13 665.17 44.83
2017-11-30 788.13 665.17 44.83
2017-08-31 774.07 598.09 69.79
2017-05-31 774.07 598.09 69.79
2017-02-28 738.44 596.28 27.45
2016-11-30 738.44 596.28 27.45
2016-08-31 705.24 562.49 39.00
2016-05-31 705.24 562.49 39.00
2016-02-29 666.59 445.19 49.20
2015-11-30 666.59 445.19 49.20
2015-08-31 634.77 390.41 63.12
2015-05-31 634.77 390.41 63.12
2015-02-28 451.89 287.07 46.88
2014-11-30 451.89 287.07 46.88
2014-08-31 419.42 229.98 12.77
2014-05-31 419.42 229.98 12.77
2014-02-28 324.42 193.50 11.71
2013-11-30 324.42 193.50 11.71
2013-08-31 298.45 72.89 17.14
2013-05-31 298.45 72.89 17.14
2013-02-28 193.82 68.51 19.78
2012-11-30 145.42 67.16 7.80
  • Oi Wah Pawnshop Credit Holdings's level of debt (81.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (54.9% vs 81.3% today).
  • Debt is well covered by operating cash flow (29.6%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Oi Wah Pawnshop Credit Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Oi Wah Pawnshop Credit 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. Oi Wah Pawnshop Credit Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

OWH Dividends

 What is Oi Wah Pawnshop Credit 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
4.87%
Current annual income from Oi Wah Pawnshop Credit Holdings dividends.
If you bought €2,000 of Oi Wah Pawnshop Credit Holdings shares you are expected to receive €97 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?
  • Oi Wah Pawnshop Credit Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Oi Wah Pawnshop Credit Holdings's dividend is above the markets top 25% of dividend payers in Germany (3.65%).
Upcoming dividend payment

Purchase Oi Wah Pawnshop Credit Holdings before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
BST:OWH 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 Finance Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 4.6%
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 1.4%
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.

BST:OWH Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-05-28 0.015 5.292
2018-11-22 0.017 5.672
2018-10-29 0.017 5.139
2018-06-28 0.000 0.000
2018-05-28 0.000 0.000
2017-10-30 0.015 4.223
2017-06-28 0.015 3.421
2017-05-25 0.015 3.153
2016-06-22 0.013 2.655
2016-05-25 0.013 2.910
2015-06-29 0.015 3.143
2015-05-29 0.015 2.523
2014-10-23 0.012 2.834
2014-06-13 0.007 1.792

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

  • Oi Wah Pawnshop Credit Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Oi Wah Pawnshop Credit Holdings only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Oi Wah Pawnshop Credit Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x 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 Oi Wah Pawnshop Credit 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 Oi Wah Pawnshop Credit Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Oi Wah Pawnshop Credit 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.

OWH Management

 What is the CEO of Oi Wah Pawnshop Credit 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
Edward Chan
COMPENSATION HK$6,714,000
AGE 47
TENURE AS CEO 6.8 years
CEO Bio

Mr. Kai Ho Chan, also known as Edward, has been the Chairman and Chief Executive Officer at Oi Wah Pawnshop Credit Holdings Limited since February 19, 2013. Mr. Chan is responsible for Oi Wah Pawnshop Credit's overall management, strategic planning and business development. He has been an Executive Director of Oi Wah Pawnshop Credit Holdings Limited since June 5, 2012. Mr. Chan serves as Director of each of Oi Wah Holding, Oi Wah HK, Wai Wah HK and Hing Wah HK. He has over 12 years of experience in business management and pawn loan business. Mr. Chan serves as the chairman of the HKKPA and honorary chairman of Macau General Chamber of Pawnbrokers. Mr. Chan has been Director of Kwan Chart Holding, a real estate investment company since 1994. Mr. Chan obtained a degree of Bachelor of Engineering in Civil Engineering from the City University, London, United Kingdom in July 1994.

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

Average tenure and age of the Oi Wah Pawnshop Credit Holdings management team in years:

6.8
Average Tenure
50.5
Average Age
  • The average tenure for the Oi Wah Pawnshop Credit Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Edward Chan

TITLE
Chairman & CEO
COMPENSATION
HK$7M
AGE
47
TENURE
6.8 yrs

Chart Man Chan

TITLE
Founder & Executive Director
COMPENSATION
HK$472K
AGE
87
TENURE
44.8 yrs

Mei Fong Chan

TITLE
COO & Executive Director
COMPENSATION
HK$907K
AGE
48
TENURE
6.8 yrs

Ying Yu Chan

TITLE
Executive Director
COMPENSATION
HK$570K
AGE
53

Yiu Hang Cheng

TITLE
Chief Financial Officer & Company Secretary
AGE
36

Kai Ng

TITLE
Marketing Director
AGE
58
Board of Directors Tenure

Average tenure and age of the Oi Wah Pawnshop Credit Holdings board of directors in years:

6.8
Average Tenure
48
Average Age
  • The tenure for the Oi Wah Pawnshop Credit Holdings board of directors is about average.
Board of Directors

Edward Chan

TITLE
Chairman & CEO
COMPENSATION
HK$7M
AGE
47
TENURE
6.8 yrs

Chart Man Chan

TITLE
Founder & Executive Director
COMPENSATION
HK$472K
AGE
87
TENURE
7.4 yrs

Mei Fong Chan

TITLE
COO & Executive Director
COMPENSATION
HK$907K
AGE
48
TENURE
6.8 yrs

Ying Yu Chan

TITLE
Executive Director
COMPENSATION
HK$570K
AGE
53
TENURE
6.8 yrs

Albert Leung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$180K
AGE
70
TENURE
6.8 yrs

Ngai Yip

TITLE
Independent Non-Executive Director
COMPENSATION
HK$180K
AGE
44
TENURE
6.8 yrs

On Tai Lam

TITLE
Independent Non-Executive Director
COMPENSATION
HK$180K
AGE
47
TENURE
2.6 yrs

Macksion Chan

TITLE
Non-Executive Director
COMPENSATION
HK$180K
AGE
63
TENURE
6.8 yrs

Siu Hong Ng

TITLE
Non-Executive Director
AGE
38
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 (€)
11. Apr 19 Buy Kam Cheong Yan Individual 10. Apr 19 10. Apr 19 1,872,000 €0.03 €59,405
X
Management checks
We assess Oi Wah Pawnshop Credit 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. Oi Wah Pawnshop Credit 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.

OWH News

Simply Wall St News

OWH Company Info

Description

Oi Wah Pawnshop Credit Holdings Limited, an investment holding company, engages in the provision of secured financing services to high net worth customers in Hong Kong. It offers mortgage and pawn loans, and money lending services, as well as consulting services. The company was founded in 1975 and is headquartered in Wan Chai, Hong Kong. Oi Wah Pawnshop Credit Holdings Limited is a subsidiary of Kwan Lik Holding Limited.

Details
Name: Oi Wah Pawnshop Credit Holdings Limited
OWH
Exchange: BST
Founded: 1975
HK$67,319,627
1,938,468,406
Website: http://www.pawnshop.com.hk
Address: Oi Wah Pawnshop Credit Holdings Limited
Kwan Chart Tower,
Rooms 2302–2303,
Wan Chai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1319 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 12. Mar 2013
BST OWH Ordinary Shares Boerse-Stuttgart DE EUR 12. Mar 2013
Number of employees
Current staff
Staff numbers
50
Oi Wah Pawnshop Credit Holdings employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/11 21:19
End of day share price update: 2019/11/08 00:00
Last earnings filing: 2019/10/29
Last earnings reported: 2019/08/31
Last annual earnings reported: 2019/02/28


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.