Loading...

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

Silver Base Group Holdings

DB:SGG
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SGG
DB
HK$402M
Market Cap
  1. Home
  2. DE
  3. Retail
Company description

Silver Base Group Holdings Limited, an investment holding company, distributes liquor products in Hong Kong and Mainland China. The last earnings update was 114 days ago. More info.


Add to Portfolio Compare Print
SGG Share Price and Events
7 Day Returns
15.2%
DB:SGG
-1%
Europe Retail Distributors
-2.7%
DE Market
1 Year Returns
-42.4%
DB:SGG
-16.6%
Europe Retail Distributors
-20.4%
DE Market
SGG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Silver Base Group Holdings (SGG) 15.2% 11.8% -9.5% -42.4% -66.7% -71.8%
Europe Retail Distributors -1% -23.4% -33.3% -16.6% -32.4% -21.3%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • SGG underperformed the Retail Distributors industry which returned -16.6% over the past year.
  • SGG underperformed the Market in Germany which returned -20.4% over the past year.
Price Volatility
SGG
Industry
5yr Volatility vs Market

SGG Value

 Is Silver Base Group 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 Silver Base Group 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 Silver Base Group Holdings.

DB:SGG 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 10.3%
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:SGG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Retail Distributors Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 25%) (261.22%))
1.766
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.77
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.766 * 6.07%)
10.33%

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

The calculations below outline how an intrinsic value for Silver Base Group 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:SGG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 10.33%)
2020 793.76 Est @ 42.26% 719.43
2021 1,027.64 Est @ 29.46% 844.19
2022 1,238.39 Est @ 20.51% 922.06
2023 1,414.72 Est @ 14.24% 954.71
2024 1,554.07 Est @ 9.85% 950.54
2025 1,659.41 Est @ 6.78% 919.93
2026 1,736.20 Est @ 4.63% 872.37
2027 1,790.41 Est @ 3.12% 815.37
2028 1,827.45 Est @ 2.07% 754.30
2029 1,851.77 Est @ 1.33% 692.77
Present value of next 10 years cash flows HK$8,445.00
DB:SGG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$1,851.77 × (1 + -0.39%) ÷ (10.33% – -0.39%)
HK$17,204.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$17,204.11 ÷ (1 + 10.33%)10
HK$6,436.27
DB:SGG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$8,445.00 + HK$6,436.27
HK$14,881.27
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$14,881.27 / 2,260.10
HK$6.58
DB:SGG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SGG represents 0.10674x of SEHK:886
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10674x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 6.58 x 0.10674
€0.70
Value per share (EUR) From above. €0.70
Current discount Discount to share price of €0.02
= -1 x (€0.02 - €0.70) / €0.70
97.3%

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

Current Discount
Amount off the current price Silver Base Group Holdings is available for.
Intrinsic value
>50%
Share price is €0.019 vs Future cash flow value of €0.70282
Current Discount Checks
For Silver Base Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Silver Base Group Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Silver Base Group 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 Silver Base Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Silver Base Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SGG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in HKD HK$-0.03
SEHK:886 Share Price ** SEHK (2020-04-02) in HKD HK$0.18
Europe Retail Distributors Industry PE Ratio Median Figure of 18 Publicly-Listed Retail Distributors Companies 9.21x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

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

** Primary Listing of Silver Base Group Holdings.

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

= SEHK:886 Share Price ÷ EPS (both in HKD)

= 0.18 ÷ -0.03

-6.68x

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

  • Silver Base Group Holdings is loss making, we can't compare its value to the Europe Retail Distributors industry average.
  • Silver Base Group Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Silver Base Group Holdings's expected growth come at a high price?
Raw Data
DB:SGG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.68x
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 0.78x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*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 Silver Base Group Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Silver Base Group Holdings's assets?
Raw Data
DB:SGG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in HKD HK$0.23
SEHK:886 Share Price * SEHK (2020-04-02) in HKD HK$0.18
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:SGG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:886 Share Price ÷ Book Value per Share (both in HKD)

= 0.18 ÷ 0.23

0.77x

* Primary Listing of Silver Base Group Holdings.

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

  • Silver Base Group Holdings is good value based on assets compared to the Europe Retail Distributors industry average.
X
Value checks
We assess Silver Base Group 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 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. Silver Base Group Holdings has a total score of 3/6, see the detailed checks below.

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

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

SGG Future Performance

 How is Silver Base Group 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 Silver Base Group 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
-4.9%
Expected Retail Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Silver Base Group Holdings expected to grow at an attractive rate?
  • Unable to compare Silver Base Group Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Silver Base Group Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Silver Base Group Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:SGG 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 14.3%
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:SGG 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:SGG Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:SGG Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-09-30 1,995 570 -60
2019-06-30 1,850 133 -103
2019-03-31 1,705 -304 -146
2018-12-31 2,082 -318 -141
2018-09-30 2,459 -333 -137
2018-06-30 2,390 -6 -136
2018-03-31 2,322 322 -136
2017-12-31 2,085 235 -19
2017-09-30 1,848 148 97
2017-06-30 1,674 -12 52
2017-03-31 1,500 -172 6
2016-12-31 1,271 26 -35

*GAAP earnings excluding extraordinary items.

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

DB:SGG Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:SGG Past Financials Data
Date (Data in HKD Millions) EPS *
2019-09-30 -0.03
2019-06-30 -0.05
2019-03-31 -0.06
2018-12-31 -0.06
2018-09-30 -0.06
2018-06-30 -0.06
2018-03-31 -0.06
2017-12-31 -0.01
2017-09-30 0.04
2017-06-30 0.02
2017-03-31 0.00
2016-12-31 -0.02

*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 Silver Base Group Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Silver Base Group Holdings is trading at Silver Base Group 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. Silver Base Group 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 Retail companies here
  3. Silver Base Group 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 Silver Base Group 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.
Silver Base Group 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.

SGG Past Performance

  How has Silver Base Group 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 Silver Base Group Holdings'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.
  • Silver Base Group Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Silver Base Group Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Silver Base Group Holdings's 1-year growth to the Europe Retail Distributors industry average as it is not currently profitable.
Earnings and Revenue History
Silver Base Group 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 Silver Base Group Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SGG 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 1,995.21 -60.24 374.38
2019-06-30 1,850.05 -103.01 365.47
2019-03-31 1,704.89 -145.78 356.57
2018-12-31 2,081.91 -141.23 332.78
2018-09-30 2,458.94 -136.68 308.99
2018-06-30 2,390.31 -136.33 296.07
2018-03-31 2,321.68 -135.98 283.16
2017-12-31 2,084.76 -19.29 304.71
2017-09-30 1,847.85 97.39 326.26
2017-06-30 1,673.74 51.77 344.50
2017-03-31 1,499.64 6.15 362.73
2016-12-31 1,270.71 -34.94 347.83
2016-09-30 1,041.78 -76.02 332.93
2016-06-30 1,151.00 27.19 300.83
2016-03-31 1,260.23 130.41 268.73
2015-12-31 1,050.46 77.49 251.80
2015-09-30 840.69 24.57 234.86
2015-06-30 629.78 2.73 183.58
2015-03-31 418.87 -19.10 132.31
2014-12-31 491.72 -1.43 4.96
2014-09-30 564.57 16.24 -122.39
2014-06-30 526.85 -385.56 210.40
2014-03-31 489.13 -787.36 543.19
2013-12-31 378.98 -1,257.51 1,056.11
2013-09-30 268.83 -1,727.66 1,569.04
2013-06-30 329.51 -1,430.49 1,357.22

*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 Silver Base Group Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Silver Base Group Holdings used its assets less efficiently than the Europe Retail Distributors industry average last year based on Return on Assets.
  • It is difficult to establish if Silver Base Group Holdings 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 Silver Base Group 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 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.
Silver Base Group Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

SGG Health

 How is Silver Base Group 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 Silver Base Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Silver Base Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Silver Base Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Silver Base Group Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x 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 Silver Base Group Holdings Company Filings, last reported 6 months ago.

DB:SGG Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 524.15 926.82 483.09
2019-06-30 524.15 926.82 483.09
2019-03-31 543.75 1,456.35 598.09
2018-12-31 543.75 1,456.35 598.09
2018-09-30 613.32 818.37 427.11
2018-06-30 613.32 818.37 427.11
2018-03-31 784.60 706.75 418.92
2017-12-31 784.60 706.75 418.92
2017-09-30 810.64 559.03 599.37
2017-06-30 810.64 559.03 599.37
2017-03-31 782.60 521.11 356.94
2016-12-31 782.60 521.11 356.94
2016-09-30 669.54 501.15 384.78
2016-06-30 669.54 501.15 384.78
2016-03-31 827.17 266.21 300.71
2015-12-31 827.17 266.21 300.71
2015-09-30 778.83 354.84 123.25
2015-06-30 778.83 354.84 123.25
2015-03-31 511.97 560.62 170.06
2014-12-31 511.97 560.62 170.06
2014-09-30 562.87 440.97 69.06
2014-06-30 562.87 440.97 69.06
2014-03-31 503.99 424.34 82.34
2013-12-31 503.99 424.34 82.34
2013-09-30 519.89 772.66 60.19
2013-06-30 519.89 772.66 60.19
  • Silver Base Group Holdings's level of debt (176.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (78.7% vs 176.8% 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.

  • Whilst loss making Silver Base Group Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Silver Base Group Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -14.7% per year.
X
Financial health checks
We assess Silver Base Group 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. Silver Base Group Holdings has a total score of 4/6, 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.

SGG Dividends

 What is Silver Base Group 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 Silver Base Group Holdings dividends.
If you bought €2,000 of Silver Base Group 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 Silver Base Group Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Silver Base Group 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:SGG 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 12 Stocks 4.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 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 4.9%

Industry and Market average data is calculated daily.

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

DB:SGG Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
DB:SGG Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2013-12-12 0.000 0.000
2013-12-02 0.000 0.000
2013-07-19 0.000 0.000
2013-07-02 0.000 0.000
2012-06-27 0.033 2.003
2011-11-22 0.000 0.000
2011-06-13 0.317 6.335
2010-11-26 0.230 5.530
2010-06-11 0.241 9.081
2009-11-19 0.185 9.775
2009-07-17 53.060 3,212.042

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

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

SGG Management

 What is the CEO of Silver Base Group 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
Guoxing Liang
COMPENSATION HK$22,440,000
AGE 53
TENURE AS CEO 0.3 years
CEO Bio

Mr. Guoxing Liang serves as Chief Executive Officer at Silver Base Group Holdings Limited since January 1, 2020. Mr. Liang is primarily responsible for the overall corporate strategies, planning and business development of the Group. Mr. Liang is the Founder of Silver Base Group Holdings Ltd. and has been its Executive Chairman since September 12, 2007 and served as its Chief Executive Officer from September 25, 2010 to January 2011. He has experience in the sales and distribution of Chinese liquor and cigarettes and was involved in the distribution of liquor and cigarettes before founding its Group. He has been the Chairman of Silver Base Development since February 1997; Silver Base Tobacco since October 2003; Silver Base Trading (Shenzhen) since September 2005; Richmind since April 2005; Silver Base Spirit since April 2006 and Silver Base Spirit (Shenzhen) since July 2007. Mr. Liang has been an Executive Director of Silver Base Group Holdings Ltd., since September 25, 2010. Mr. Liang is a fellow member of the Hong Kong Institute of Directors.

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

Average tenure and age of the Silver Base Group Holdings management team in years:

2.8
Average Tenure
49.5
Average Age
  • The tenure for the Silver Base Group Holdings management team is about average.
Management Team

Guoxing Liang

TITLE
Founder
COMPENSATION
HK$22M
AGE
53
TENURE
0.3 yrs

Xiao Chen

TITLE
CFO & Executive Director
COMPENSATION
HK$1M
AGE
41
TENURE
2.8 yrs

Mei Cheung

TITLE
Group Head of Finance
COMPENSATION
HK$1M
AGE
46

Hing Wong

TITLE
Company Secretary
AGE
57
TENURE
6 yrs
Board of Directors Tenure

Average tenure and age of the Silver Base Group Holdings board of directors in years:

12.1
Average Tenure
58.5
Average Age
  • The average tenure for the Silver Base Group Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Guoxing Liang

TITLE
Founder
COMPENSATION
HK$22M
AGE
53
TENURE
12.6 yrs

Xiao Chen

TITLE
CFO & Executive Director
COMPENSATION
HK$1M
AGE
41
TENURE
2.8 yrs

Carmen Hung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$404K
AGE
48
TENURE
12.1 yrs

Lishan Ma

TITLE
Independent Non-Executive Director
COMPENSATION
HK$382K
AGE
68
TENURE
12.1 yrs

Jiesi Wu

TITLE
Non-Executive Director
COMPENSATION
HK$524K
AGE
68
TENURE
12.1 yrs

Edward Lee

TITLE
Independent Non-Executive Director
COMPENSATION
HK$382K
AGE
64
TENURE
5.8 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 (€)
03. Jan 20 Buy Yang Liu Individual 31. Dec 19 31. Dec 19 4,515,000 €0.02 €111,466
X
Management checks
We assess Silver Base Group 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. Silver Base Group 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.

SGG News

Simply Wall St News

SGG Company Info

Description

Silver Base Group Holdings Limited, an investment holding company, distributes liquor products in Hong Kong and Mainland China. It offers Wuliangye liquor series, National Cellar 1573 baijiu, Kweichow Moutai Chiew products, Fen Wine liquor series, Red Fen Shijia liquor series, Yaxi Classic liquor series, Old Vintage liquor series, wine, and foreign liquor series products. The company also distributes Dimple Scotch Whisky; Chinese cigarettes; and sugar, daily necessities, and other products. In addition, it provides Internet services; and trades in healthcare and food products. Silver Base Group Holdings Limited was incorporated in 2007 and is headquartered in Hong Kong, Hong Kong.

Details
Name: Silver Base Group Holdings Limited
SGG
Exchange: DB
Founded: 2007
HK$47,708,997
2,260,097,946
Website: http://www.silverbasegroup.com
Address: Silver Base Group Holdings Limited
One Hennessy,
25th Floor,
Hong Kong,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 886 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 08. Apr 2009
DB SGG Ordinary Shares Deutsche Boerse AG DE EUR 08. Apr 2009
Number of employees
Current staff
Staff numbers
260
Silver Base Group Holdings employees.
Industry
Distributors
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 21:49
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2018/06/28
Last earnings filing: 2019/12/10
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.