TUSCUMBIA – The Tennessee Valley Art Association is hosting its 4th Annual Winter Art Market November 28–December 23 at the Tennessee Valley Museum of Art.  

The TVAA member opening is on Saturday, November 25 as art association members get an early preview and first-chance shopping.

Dozens of artists and artisans create a unique holiday shopping experience, with hundreds of one-of-a-kind pieces of art to choose from.

Three-quarters of the Winter Art Market proceeds go directly to the individual artists and small businesses creating the artwork, while one quarter supports the Tennessee Valley Art Association, a 501 (c) 3 nonprofit.

“Artists really love this event because it brings them sales and exposure, without as much work and stress as a traditional art festival. As an art association, we’re glad to be able to support artists in this way.” said Christi Britten, the Tennessee Valley Art Association’s executive director.

“When you shop at the market, you also support the TVAA.” Britten added. “Your purchases help us build our community and children’s theatre programs at The Ritz, bring more exciting art exhibitions to the museum, and offer more arts education through our new Tennessee Valley School of Arts.”

Museum hours are Tuesday-Friday 9am-5pm and Saturday 10am-5pm

Museum admission is $5 for adults, $3 for students, and free for TVAA members.

It is hard to get excited after looking at Weng Fine Art’s (FRA:WFA) recent performance, when its stock has declined 24% over the past three months. However, the company’s fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Specifically, we decided to study Weng Fine Art’s ROE in this article.

Return on equity or ROE is a key measure used to assess how efficiently a company’s management is utilizing the company’s capital. In simpler terms, it measures the profitability of a company in relation to shareholder’s equity.

See our latest analysis for Weng Fine Art

How Do You Calculate Return On Equity?

Return on equity can be calculated by using the formula:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders’ Equity

So, based on the above formula, the ROE for Weng Fine Art is:

2.9% = €604k ÷ €21m (Based on the trailing twelve months to December 2022).

The ‘return’ is the income the business earned over the last year. That means that for every €1 worth of shareholders’ equity, the company generated €0.03 in profit.

Why Is ROE Important For Earnings Growth?

We have already established that ROE serves as an efficient profit-generating gauge for a company’s future earnings. We now need to evaluate how much profit the company reinvests or “retains” for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don’t necessarily bear these characteristics.

Weng Fine Art’s Earnings Growth And 2.9% ROE

On the face of it, Weng Fine Art’s ROE is not much to talk about. Next, when compared to the average industry ROE of 4.1%, the company’s ROE leaves us feeling even less enthusiastic. Weng Fine Art was still able to see a decent net income growth of 18% over the past five years. So, there might be other aspects that are positively influencing the company’s earnings growth. Such as – high earnings retention or an efficient management in place.

Next, on comparing with the industry net income growth, we found that Weng Fine Art’s growth is quite high when compared to the industry average growth of 13% in the same period, which is great to see.

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you’re wondering about Weng Fine Art’s’s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

Is Weng Fine Art Making Efficient Use Of Its Profits?

Weng Fine Art has a low three-year median payout ratio of 16%, meaning that the company retains the remaining 84% of its profits. This suggests that the management is reinvesting most of the profits to grow the business.

Moreover, Weng Fine Art is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years.

Summary

Overall, we feel that Weng Fine Art certainly does have some positive factors to consider. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. While we won’t completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. Our risks dashboard would have the 4 risks we have identified for Weng Fine Art.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Evanston Art Center hosts 21st Annual Winter Expo to support local artists Evanston Art Center hosts Winter Expo

HSBC is launching a bank-led fraud (呃) fair, an art exhibition aimed at promoting public awareness of fraud prevention. Taking place at Airside, Kai Tak from 22 November until 11 December 2023, the fraud fair plays on the Chinese word “呃” (fraud), which sounds like the English word “art”. 

The fraud fair comes as Hong Kong sees a significant rise in fraud incidents. HSBC cited the government’s official figures that, the number of deception cases in the first half of 2023 increased more than 50% year-on-year. Online deception accounted for over 75% of the reported cases. The total pecuniary loss amounted to HK$2.69 billion. 

In partnership with creative agency Hungry Digital and PR agency Hill & Knowlton, the fraud fair will showcase over 20 physical and interactive artworks that highlight common fraud tactics through the use of vernacular language and derivative art techniques.  

These artworks have drawn inspiration from the experiences of the members of the public, who have fallen victim to various types of scams. These exhibits aim to establish a stronger connection with audiences and make it easier to comprehend the impact of these fraudulent activities. 

In a conversation with MARKETING-INTERACTIVE, Cheuk Shum, head of marketing, wealth & personal Banking, HSBC, said that the fraud fair targeted the mass audience as the bank hoped that it could help raise awareness of different kinds of fraud and prevention amongst the general public. 

“Anything can be an art piece when it’s done to an extreme, including fraud. In this campaign, we played on words such as “fraud” (呃) and ‘Art’. Also, HongKongers have become more interested in viewing art in recent years. We found that purely informative, video or print ads may no longer catch audiences’ attention.” 

“Therefore, we hope to offer an experiential, immersive, interactive and fun experience for them through an exhibition in a shopping mall, which is suitable for all age groups,” Shum added. 

Don’t miss: DMA Convo: HSBC’s Cheuk Shum on how to better work with AI-generated celebrities in digital campaigns 

To establish a stronger connection with audiences, HSBC has invited local singer Jackson Wan (尹光) and local DJ Ah Jeng (阿正) to produce an art piece that leveraged face-swapping technology. Once visitors look at the camera, their faces will be transformed into Wan and Ah Jeng’s faces immediately. The exhibit aims to educate visitors to prevent “Deepfake” video call scams. 

Luanne Lim, chief executive, Hong Kong, HSBC, said: “With the prevalence of online deception, maintaining customer confidence in digital banking is crucial. As we navigate our digital lives, it is imperative to address fraud and build trust through customer education and protection. HSBC not only provides cybersecurity thought leadership and resources but also increases its technology investment to combat fraud. We remain committed to exploring various measures against the ever-evolving tactics employed by scammers today.”  

Over the next few months, HSBC will step up credit card service protection by allowing customers to disable or set limits for card-not-present transactions. The bank is also offering an enhanced authentication process for online transactions through the HSBC HK mobile banking app as an alternative to the use of a one-time password via SMS. 

Maggie Ng, head of wealth and personal banking, Hong Kong, HSBC, said: “Fraud prevention is a complex topic, but we don’t need to be a subject matter expert to protect ourselves. All it takes is heightened awareness and good common sense.” 

“Everyone can be a smart user of digital banking by staying vigilant against suspicious websites and safekeeping sensitive personal information. Our exhibition aims to educate and empower customers on how to avoid scams. At HSBC, we prioritise customer protection and will continue to collaborate with customers and industry stakeholders to ensure a safe banking experience for all,” she added. 

Rudi Leung, director and founder, Hungry Digital, said: “Nowadays, virtually everyone, regardless of age or education level, can become victims of different scams. Our task is to turn a dull topic into an interesting, interactive, and engaging experience for the masses. In view of that, we chose Wan and Ah Jeng, who are comedians from the older and younger generation respectively.” 

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