High Fashion International Ltd
High Fashion International Ltd has a market price of 1.28 and a market cap of 391,187,737.6, with a price-to-earnings ratio of 5.61 and a price-to-book ratio of 0.12. The company's liquidity is assessed as medium, with a current ratio of 1.19 and cash and equivalents of 368,387,000. The company's debt-to-equity ratio is 0.57, indicating a moderate level of leverage. In terms of profitability, High Fashion International Ltd has a return on equity of 2.14% and a return on assets of 1.05%. The company's gross profit is 545,894,000, with an operating income of 108,547,000 and a net income of 69,771,000. These figures suggest that the company's profitability is below the industry median for Apparel & Accessories, which typically has higher returns on equity and assets. The company's revenue is distributed across three segments: Manufacturing and Trading of Garments, Brand Business, and Property Investment and Development. The revenue concentration data is not provided, but the company's exposure to the Apparel & Accessories industry suggests a focus on consumer cyclicals. High Fashion International Ltd's growth trajectory is not explicitly detailed in the financial snapshot, but the company's revenue of 3,064,416,000 indicates a significant scale of operations. The outlook for the current and next fiscal years is not provided, but the company's performance in the Apparel & Accessories industry is subject to consumer demand and economic conditions. The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key flags include negative net cash after subtracting total debt, which may affect the company's financial flexibility. The dilution potential is low, with no significant adjustments applied to the valuation metrics. Recent events and filings are not detailed in the provided data, but the company's operations in the Apparel & Accessories industry are subject to market trends and consumer behavior. The company's exposure to the Cyclical Consumer Products sector suggests that its performance is influenced by economic cycles and consumer spending patterns.
Business. High Fashion International Ltd is an investment holding company engaged in the manufacture of garments, operating through three segments: Manufacturing and Trading of Garments, Brand Business, and Property Investment and Development.
Classification. High Fashion International Ltd is classified under the industry Apparel & Accessories, within the business sector Cyclical Consumer Products and economic sector Consumer Cyclicals, with a confidence level of 0.92.
- High Fashion International Ltd has a low price-to-book ratio of 0.12, indicating undervaluation relative to its book value.
- The company's return on equity of 2.14% is below the industry median for Apparel & Accessories, suggesting lower profitability.
- The company's debt-to-equity ratio of 0.57 indicates a moderate level of leverage, which may affect its financial flexibility.
- The company's liquidity is assessed as medium, with a current ratio of 1.19, suggesting a moderate ability to meet short-term obligations.
- The company's operations are distributed across three segments, with a focus on the Apparel & Accessories industry.
- # RATIONALES
- **margin_outlook_rationale**: The company's gross profit margin is expected to remain stable, driven by consistent demand for garments and branded products.
- **rd_outlook_rationale**: Research and development is not a significant focus for the company, as it operates primarily in manufacturing and retail segments.
- Net cash is negative after subtracting total debt.