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Sincere Watch (Hong Kong)

DB:S7F1
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
S7F1
DB
HK$604M
Market Cap
  1. Home
  2. DE
  3. Retail
Company description

Sincere Watch (Hong Kong) Limited, an investment holding company, distributes branded luxury watches, timepieces, and accessories in Hong Kong, Macau, Taiwan, Korea, and the People’s Republic of China. The last earnings update was 107 days ago. More info.


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S7F1 Share Price and Events
7 Day Returns
0%
DB:S7F1
-7.4%
Europe Retail Distributors
-3%
DE Market
1 Year Returns
0%
DB:S7F1
-18.1%
Europe Retail Distributors
-20.6%
DE Market
S7F1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sincere Watch (Hong Kong) (S7F1) 0% 0% 0% 0% -37.5% -96.6%
Europe Retail Distributors -7.4% -25.7% -34.3% -18.1% -33.3% -23.4%
DE Market -3% -19.1% -26.2% -20.6% -25.6% -30.7%
1 Year Return vs Industry and Market
  • S7F1 outperformed the Retail Distributors industry which returned -18.1% over the past year.
  • S7F1 outperformed the Market in Germany which returned -20.6% over the past year.
Price Volatility
S7F1
Industry
5yr Volatility vs Market

Value

 Is Sincere Watch (Hong Kong) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Sincere Watch (Hong Kong). This is due to cash flow or dividend data being unavailable. The share price is €0.01.
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 Sincere Watch (Hong Kong)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sincere Watch (Hong Kong)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:S7F1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in HKD HK$-0.02
SEHK:444 Share Price ** SEHK (2020-04-03) in HKD HK$0.1
Europe Retail Distributors Industry PE Ratio Median Figure of 18 Publicly-Listed Retail Distributors Companies 9.03x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of Sincere Watch (Hong Kong).

DB:S7F1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:444 Share Price ÷ EPS (both in HKD)

= 0.1 ÷ -0.02

-5.17x

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

  • Sincere Watch (Hong Kong) is loss making, we can't compare its value to the Europe Retail Distributors industry average.
  • Sincere Watch (Hong Kong) is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Sincere Watch (Hong Kong)'s expected growth come at a high price?
Raw Data
DB:S7F1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Retail Distributors Industry PEG Ratio Median Figure of 5 Publicly-Listed Retail Distributors Companies 0.77x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.18x

*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 Sincere Watch (Hong Kong), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sincere Watch (Hong Kong)'s assets?
Raw Data
DB:S7F1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in HKD HK$0.16
SEHK:444 Share Price * SEHK (2020-04-03) in HKD HK$0.1
Europe Retail Distributors Industry PB Ratio Median Figure of 23 Publicly-Listed Retail Distributors Companies 1.04x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:S7F1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:444 Share Price ÷ Book Value per Share (both in HKD)

= 0.1 ÷ 0.16

0.63x

* Primary Listing of Sincere Watch (Hong Kong).

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

  • Sincere Watch (Hong Kong) is good value based on assets compared to the Europe Retail Distributors industry average.
X
Value checks
We assess Sincere Watch (Hong Kong)'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 Retail Distributors industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Retail Distributors industry average (and greater than 0)? (1 check)
  5. Sincere Watch (Hong Kong) has a total score of 1/6, see the detailed checks below.

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

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

Future Performance

 How is Sincere Watch (Hong Kong) 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 Sincere Watch (Hong Kong) 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
-4.9%
Expected Retail Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sincere Watch (Hong Kong) expected to grow at an attractive rate?
  • Unable to compare Sincere Watch (Hong Kong)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sincere Watch (Hong Kong)'s earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Sincere Watch (Hong Kong)'s revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:S7F1 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Retail Distributors Industry Earnings Growth Rate Market Cap Weighted Average -4.9%
Europe Retail Distributors Industry Revenue Growth Rate Market Cap Weighted Average -0.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:S7F1 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:S7F1 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:S7F1 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-09-30 344 -90 -117
2019-06-30 379 -94 -120
2019-03-31 415 -97 -123
2018-12-31 433 -71 -98
2018-09-30 452 -44 -73
2018-06-30 419 -36 -67
2018-03-31 387 -28 -60
2017-12-31 376 -193 -77
2017-09-30 364 -358 -95
2017-06-30 361 -382 -127
2017-03-31 357 -407 -159
2016-12-31 344 -259 -180

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sincere Watch (Hong Kong) is high growth as no earnings estimate data is available.
  • Unable to determine if Sincere Watch (Hong Kong) 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:S7F1 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 Sincere Watch (Hong Kong) Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:S7F1 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:S7F1 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-09-30 -0.02
2019-06-30 -0.02
2019-03-31 -0.02
2018-12-31 -0.02
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.02
2017-09-30 -0.02
2017-06-30 -0.03
2017-03-31 -0.03
2016-12-31 -0.04

*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 Sincere Watch (Hong Kong) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of S7F1’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Sincere Watch (Hong Kong)'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 Retail companies here
  3. Sincere Watch (Hong Kong)'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 Sincere Watch (Hong Kong)'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.
Sincere Watch (Hong Kong) 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 Sincere Watch (Hong Kong) 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 Sincere Watch (Hong Kong)'s growth in the last year to its industry (Retail Distributors).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sincere Watch (Hong Kong) does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Sincere Watch (Hong Kong)'s 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sincere Watch (Hong Kong)'s 1-year growth to the Europe Retail Distributors industry average as it is not currently profitable.
Earnings and Revenue History
Sincere Watch (Hong Kong)'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 Sincere Watch (Hong Kong) Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:S7F1 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 344.03 -117.01 197.86
2019-06-30 379.31 -119.92 201.60
2019-03-31 414.60 -122.83 205.34
2018-12-31 433.28 -98.07 207.09
2018-09-30 451.96 -73.32 208.84
2018-06-30 419.49 -66.64 205.62
2018-03-31 387.03 -59.97 202.40
2017-12-31 375.75 -77.25 195.41
2017-09-30 364.47 -94.53 188.42
2017-06-30 360.51 -126.73 188.29
2017-03-31 356.55 -158.94 188.16
2016-12-31 344.12 -179.52 184.10
2016-09-30 331.69 -200.10 180.04
2016-06-30 317.55 -171.79 182.83
2016-03-31 303.40 -143.49 185.62
2015-12-31 351.86 -94.35 186.79
2015-09-30 400.31 -45.20 187.97
2015-06-30 495.01 -2.48 188.52
2015-03-31 589.72 40.23 189.08
2014-12-31 612.98 42.19 186.87
2014-09-30 636.25 44.14 184.67
2014-06-30 642.13 48.11 177.50
2014-03-31 648.01 52.07 170.32
2013-12-31 686.67 79.51 165.50
2013-09-30 725.33 106.94 160.67
2013-06-30 737.25 112.90 161.32

*GAAP earnings excluding extraordinary items.

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sincere Watch (Hong Kong) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sincere Watch (Hong Kong)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sincere Watch (Hong Kong)'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 3.6x 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 Sincere Watch (Hong Kong) Company Filings, last reported 6 months ago.

DB:S7F1 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 955.36 146.97 84.86
2019-06-30 955.36 146.97 84.86
2019-03-31 1,061.72 144.39 122.19
2018-12-31 1,061.72 144.39 122.19
2018-09-30 1,111.87 141.88 189.67
2018-06-30 1,111.87 141.88 189.67
2018-03-31 1,068.51 0.00 330.82
2017-12-31 1,068.51 0.00 330.82
2017-09-30 1,063.49 0.00 343.98
2017-06-30 1,063.49 0.00 343.98
2017-03-31 1,101.69 0.00 437.34
2016-12-31 1,101.69 0.00 437.34
2016-09-30 1,165.78 0.00 445.34
2016-06-30 1,165.78 0.00 445.34
2016-03-31 1,098.75 0.00 840.53
2015-12-31 1,098.75 0.00 840.53
2015-09-30 1,174.48 0.00 674.40
2015-06-30 1,174.48 0.00 674.40
2015-03-31 802.90 9.62 460.40
2014-12-31 802.90 9.62 460.40
2014-09-30 795.13 0.00 512.06
2014-06-30 795.13 0.00 512.06
2014-03-31 573.15 1.33 316.12
2013-12-31 573.15 1.33 316.12
2013-09-30 588.55 0.00 313.82
2013-06-30 588.55 0.00 313.82
  • Sincere Watch (Hong Kong)'s level of debt (15.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 15.4% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Sincere Watch (Hong Kong) has less than a year of cash runway based on current free cash flow.
  • Sincere Watch (Hong Kong) has less than a year of cash runway if free cash flow continues to grow at historical rates of 22.4% each year.
X
Financial health checks
We assess Sincere Watch (Hong Kong)'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. Sincere Watch (Hong Kong) 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.

Dividends

 What is Sincere Watch (Hong Kong)'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 Sincere Watch (Hong Kong) dividends.
If you bought €2,000 of Sincere Watch (Hong Kong) 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 Sincere Watch (Hong Kong)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sincere Watch (Hong Kong)'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:S7F1 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 Retail Distributors Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 318 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.8%

Industry and Market average data is calculated daily.

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

DB:S7F1 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
DB:S7F1 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2015-12-15 0.000 0.000
2015-11-27 0.000 0.000
2015-07-06 0.000 0.000
2015-06-16 0.000 0.000
2014-07-22 0.008 1.363
2014-06-26 0.008 2.463
2013-07-24 0.016 4.267
2013-06-21 0.016 4.075
2012-12-18 0.000 0.000
2012-11-22 0.000 0.000
2012-05-28 0.000 0.000
2012-05-21 0.000 0.000
2011-07-26 0.012 3.852
2011-06-22 0.012 3.603
2010-06-21 0.004 1.659
2009-12-15 0.000 0.000
2009-11-24 0.000 0.000
2009-06-05 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 Sincere Watch (Hong Kong) has not reported any payouts.
  • Unable to verify if Sincere Watch (Hong Kong)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sincere Watch (Hong Kong)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sincere Watch (Hong Kong) 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 Sincere Watch (Hong Kong)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Sincere Watch (Hong Kong) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sincere Watch (Hong Kong) 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 Sincere Watch (Hong Kong)'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
Xiaoliang Zhang
COMPENSATION HK$5,187,000
AGE 48
TENURE AS CEO 3.3 years
CEO Bio

Mr. Xiaoliang Zhang has been Chief Executive Officer of Sincere Watch (Hong Kong) Limited since January 14, 2017. Mr. Zhang serves as the President and Producer of Aquamen Entertainment LLC. Mr. Zhang serves as President of Beijing Chi-Cha Networks Technology Company Limited, Founder and Chief Scientist of Beijing Quanlian Networks Technology Company Limited and Chief Scientist of Channelsoft (Beijing) Technology Co., Ltd. He is a computer specialist and is also a technical expert in the field of digital audio/ video engineering. He has worked for several enterprises such as Dun & Bradstreet, Bankers Trust, Bank of New York and Merrill Lynch. He serves as Chairman of Chongqing branch of China International Engineering Design & Consult Company Limited. He served as Co-Chairman at Sincere Watch (Hong Kong) Limited from April 2016 to October 1, 2016. Mr. Zhang has been Deputy Chairman of Sincere Watch (Hong Kong) Limited since October 1, 2016 and has been its Executive Director since April 22, 2016. He serves as Director of Beijing Quanlian Networks Technology Company Limited. He is a Director of The China Yanan Spirit Research Society and vice chairman of The China Yanan Association. Mr. Zhang holds a master degree of business administration of Bauer College of Business, University of Houston, the USA.

CEO Compensation
  • Xiaoliang's compensation has increased whilst company is loss making.
  • Xiaoliang's remuneration is higher than average for companies of similar size in Germany.
Management Team

Pollyanna Chu

TITLE
Executive Chairman of the Board
COMPENSATION
HK$4M
AGE
60

Xiaoliang Zhang

TITLE
Deputy Chairman & CEO
COMPENSATION
HK$5M
AGE
48
TENURE
3.3 yrs

Kingston Chu

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
34

Guangqiang Yang

TITLE
Executive Director
COMPENSATION
HK$600K
AGE
70

Muzong An

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
55

Sze Lung Hong

TITLE
Chief Financial Officer
AGE
47

Jacqueline Lee

TITLE
Director of Marketing & Communications
AGE
48

Yang Yang

TITLE
Executive Vice President
AGE
44
TENURE
3.8 yrs

Eric Chan

TITLE
Company Secretary

Howe Leong

TITLE
Managing Director of Sincere Brand Management Limited
AGE
65
Board of Directors Tenure

Average tenure and age of the Sincere Watch (Hong Kong) board of directors in years:

4
Average Tenure
55
Average Age
  • The tenure for the Sincere Watch (Hong Kong) board of directors is about average.
Board of Directors

Pollyanna Chu

TITLE
Executive Chairman of the Board
COMPENSATION
HK$4M
AGE
60
TENURE
7.8 yrs

Xiaoliang Zhang

TITLE
Deputy Chairman & CEO
COMPENSATION
HK$5M
AGE
48
TENURE
4.3 yrs

Kingston Chu

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
34
TENURE
7.9 yrs

Guangqiang Yang

TITLE
Executive Director
COMPENSATION
HK$600K
AGE
70
TENURE
4 yrs

Muzong An

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
55
TENURE
3.7 yrs

Betty Lo

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
57
TENURE
7.8 yrs

Zhenxin Yu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
48
TENURE
3.7 yrs

Kenny Chiu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
57
TENURE
3.3 yrs

Hao Zong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
49
TENURE
3.3 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 Sincere Watch (Hong Kong)'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. Sincere Watch (Hong Kong) 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

Sincere Watch (Hong Kong) Limited, an investment holding company, distributes branded luxury watches, timepieces, and accessories in Hong Kong, Macau, Taiwan, Korea, and the People’s Republic of China. It operates through two segments, Watch Distribution and Dining Business, and Property Investment segments. The company primarily offers Franck Muller watches and accessories. It offers its products under the de Grisogono, CVSTOS, Pierre Kunz, European Company Watch, and Backes & Strauss brands. The company also engages in the dining business and property investment activities. It operates a distribution network of 50 retail points of sales and 12 boutiques. The company was founded in 1954 and is headquartered in Central, Hong Kong.

Details
Name: Sincere Watch (Hong Kong) Limited
S7F1
Exchange: DB
Founded: 1954
HK$72,258,790
6,043,950,000
Website: http://www.sincerewatch.com.hk
Address: Sincere Watch (Hong Kong) Limited
The Center,
61st Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 444 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 17. Oct 2005
OTCPK SWHZ.F Ordinary Shares Pink Sheets LLC US USD 17. Oct 2005
DB S7F1 Ordinary Shares Deutsche Boerse AG DE EUR 17. Oct 2005
Number of employees
Current staff
Staff numbers
156
Sincere Watch (Hong Kong) employees.
Industry
Distributors
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 00:06
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2018/06/27
Last earnings filing: 2019/12/19
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.