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China Apex Group Ltd
HKEX:2011

Watchlist Manager
China Apex Group Ltd
HKEX:2011
Watchlist
Price: 1.23 HKD Market Closed
Market Cap: HK$706.6m

P/B

3.3
Current
22%
Cheaper
vs 3-y average of 4.2

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
3.3
=
Market Cap
HK$649.2m
/
Total Equity
HK$213.8m

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
3.3
=
Market Cap
HK$649.2m
/
Total Equity
HK$213.8m

Valuation Scenarios

China Apex Group Ltd is trading below its 3-year average

If P/B returns to its 3-Year Average (4.2), the stock would be worth HK$1.57 (28% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-77%
Maximum Upside
+30%
Average Downside
24%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 3.3 HK$1.23
0%
3-Year Average 4.2 HK$1.57
+28%
5-Year Average 4.3 HK$1.6
+30%
Industry Average 0.8 HK$0.3
-75%
Country Average 0.8 HK$0.29
-77%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
HK
China Apex Group Ltd
HKEX:2011
706.6m HKD 3.3 29.7
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
232B EUR 3.4 21.3
FR
Hermes International SCA
PAR:RMS
173.8B EUR 9.2 38.4
KR
SBW
KRX:102280
235.5T KRW 2 461.2 -117 637.1
CH
Compagnie Financiere Richemont SA
SIX:CFR
88.4B CHF 4.4 23.8
FR
EssilorLuxottica SA
PAR:EL
86.4B EUR 2.2 37.3
FR
Christian Dior SE
PAR:CDI
79.7B EUR 3.3 17.6
IN
Titan Company Ltd
NSE:TITAN
3.9T INR 30.8 82.7
FR
Kering SA
PAR:KER
29.9B EUR 2.1 419.3
CN
ANTA Sports Products Ltd
HKEX:2020
233.4B HKD 3.1 14.9
US
Tapestry Inc
NYSE:TPR
29.7B USD 53.9 56.8
P/E Multiple
Earnings Growth PEG
HK
C
China Apex Group Ltd
HKEX:2011
Average P/E: 74.2
29.7
N/A N/A
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
21.3
11%
1.9
FR
Hermes International SCA
PAR:RMS
38.4
12%
3.2
KR
SBW
KRX:102280
Negative Multiple: -117 637.1 N/A N/A
CH
Compagnie Financiere Richemont SA
SIX:CFR
23.8
16%
1.5
FR
EssilorLuxottica SA
PAR:EL
37.3
26%
1.4
FR
Christian Dior SE
PAR:CDI
17.6
N/A N/A
IN
Titan Company Ltd
NSE:TITAN
82.7
32%
2.6
FR
Kering SA
PAR:KER
419.3
186%
2.3
CN
ANTA Sports Products Ltd
HKEX:2020
14.9
10%
1.5
US
Tapestry Inc
NYSE:TPR
56.8
107%
0.5

Market Distribution

Higher than 87% of companies in Hong Kong
Percentile
87th
Based on 1 630 companies
87th percentile
3.3
Low
0 — 0.5
Typical Range
0.5 — 1.3
High
1.3 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 0.5
Median 0.8
70th Percentile 1.3
Max 2 018.4

China Apex Group Ltd
Glance View

China Apex Group Ltd. is an investment company, which designs, manufactures, and sells finished zipper, flat knit ribs, and garment accessories. The firm operates two business segments through its subsidiaries. The Mainland China segment manufactures zippers products and sells to customers in mainland China. The Overseas segment purchases zipper products from segment of mainland China and sells to overseas customers. The firm is also involved in the scrap material, zipper components and molds business.

Intrinsic Value
0.64 HKD
Overvaluation 48%
Intrinsic Value
Price HK$1.23
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