Vtech Holdings Limited

Informe acción SEHK:303

Capitalización de mercado: HK$13.0b

Vtech Holdings Resultados de beneficios anteriores

Pasado controles de criterios 2/6

Los beneficios de Vtech Holdings han disminuido a una tasa media anual de -7.2%, mientras que en la industria Communications los beneficios crecieron en un 13.1% anualmente. Los ingresos han ido disminuyendo a una tasa media de 3.5% al año. La rentabilidad financiera de Vtech Holdings es de 20.7%, y sus márgenes netos son de 6.6%.

Información clave

-7.20%

Tasa de crecimiento de los beneficios

-7.29%

Tasa de crecimiento del BPA

Crecimiento de la industria Communications -3.57%
Tasa de crecimiento de los ingresos-3.46%
Rentabilidad financiera20.72%
Margen neto6.61%
Última actualización de beneficios31 Mar 2026

Actualizaciones de resultados anteriores recientes

Artículo de análisis May 22

There May Be Some Bright Spots In Vtech Holdings' (HKG:303) Earnings

The most recent earnings report from Vtech Holdings Limited ( HKG:303 ) was disappointing for shareholders. However...

Recent updates

Artículo de análisis May 24

Vtech Holdings Limited Just Missed Earnings - But Analysts Have Updated Their Models

There's been a notable change in appetite for Vtech Holdings Limited ( HKG:303 ) shares in the week since its full-year...
Actualización de narrativa May 22

303: Future Upside Will Rely On Steady Margins And P/E Support

Analysts have maintained their HK$73.21 fair value estimate for Vtech Holdings, with a slightly higher discount rate and future P/E assumption shaping an updated narrative rather than signaling a clear change in the price target itself. What's in the News Board meeting scheduled for May 21, 2026, to review and approve publication of final results for the year ended March 31, 2026 (Key Developments) Directors set to consider a final dividend for shareholders as part of the May 21, 2026, board meeting agenda (Key Developments) Valuation Changes Fair Value: The fair value estimate remains at HK$73.21, with no adjustment to the headline valuation figure.
Actualización de narrativa Apr 24

303: Future Upside Will Rely On Steady Margins And P E Support

Analysts kept their fair value estimate for Vtech Holdings steady at about HK$73.21 per share, explaining that only minor adjustments to the discount rate and long term P/E assumption did not justify a change in the overall price target. Valuation Changes Fair Value: HK$73.21 remains unchanged, with no revision to the estimated fair value per share.
Actualización de narrativa Apr 10

303: Future Upside Will Rely On Stable Margins And Cash Returns

Analysts have adjusted their HK$73.21 price target for Vtech Holdings only marginally, reflecting small tweaks to assumptions around the discount rate, profit margin and future P/E rather than any broad change in view on the company. Valuation Changes Fair Value: HK$73.21 is unchanged, indicating no revision to the central valuation output.
Actualización de narrativa Mar 27

303: Future Upside Will Rely On Stable Margins And Cash Returns

Analysts have slightly reduced their fair value estimate for Vtech Holdings to HK$73.21 from HK$73.44, reflecting marginal adjustments to assumptions for the discount rate, long-term revenue growth, profit margin and future P/E, rather than any major change in outlook. Valuation Changes Fair Value: HK$73.44 to HK$73.21, a very small reduction that keeps the estimate broadly in the same range.
Actualización de narrativa Mar 12

303: Higher Implied Upside Will Rely On Steady Margins And Cash Returns

Analysts now see Vtech Holdings' fair value at approximately HK$73.44 per share, up from about HK$70.19. This reflects updated assumptions on discount rates and future P/E multiples, while revenue growth and profit margin expectations remain broadly in line with prior estimates.
Actualización de narrativa Feb 25

303: Stable Outlook Will Rely On Steady Margins And Consistent Cash Returns

Analysts have kept their fair value estimate for Vtech Holdings broadly aligned with prior levels. This has led to a stable HK$ price target, as only minor tweaks were made to inputs such as the discount rate and assumed future P/E multiple.
Actualización de narrativa Feb 09

303: Second Half Recovery Will Support Stable Margins And Undervalued Outlook

Analysts have made only a minor adjustment to their price target for Vtech Holdings, reflecting small updates to inputs such as the discount rate and assumed future P/E while keeping fair value essentially unchanged. What's in the News Vtech Holdings issued earnings guidance for the second half of the 2026 financial year, indicating that sales are anticipated to improve compared with the first half, supported by higher sales of electronic learning products and telecommunications (TEL) products (Key Developments).
Artículo de análisis Feb 05

Returns On Capital At Vtech Holdings (HKG:303) Have Stalled

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Actualización de narrativa Jan 23

303: Second Half Sales Recovery Will Support Stronger Profit Outlook

Analysts have kept their fair value estimate for VTech Holdings broadly unchanged at about HK$70.19 per share, with only slight tweaks to inputs such as the discount rate and assumed future P/E. This reflects a view that the stock's risk profile and long term earnings outlook remain broadly consistent with prior expectations.
Artículo de análisis Jan 16

What Vtech Holdings Limited's (HKG:303) P/E Is Not Telling You

It's not a stretch to say that Vtech Holdings Limited's ( HKG:303 ) price-to-earnings (or "P/E") ratio of 14.1x right...
Actualización de narrativa Jan 09

303: Second Half Sales Recovery Will Support Stronger Profit Outlook

Analysts have trimmed their price target on Vtech Holdings to US$70.19, reflecting slightly higher discount rate assumptions and a more cautious revenue growth outlook, partially offset by a modestly stronger profit margin and essentially unchanged forward P/E expectations. What's in the News Vtech expects second half 2026 sales to improve compared with the first half, supported by higher sales of electronic learning products and telecom products (corporate guidance).
Actualización de narrativa Dec 15

303: Second Half Demand Recovery Will Support Renewed Confidence

Narrative Update Analysts have nudged their price target on VTech Holdings slightly higher to approximately $70.19 per share, citing a modestly increased discount rate and a slightly richer assumed future price to earnings multiple, while leaving growth and margin expectations effectively unchanged. What's in the News Issued earnings guidance indicating second half of financial year 2026 sales are expected to improve versus the first half, supported by stronger demand for electronic learning products and telecommunications products (company guidance).
Actualización de narrativa Nov 28

303: Improved Earnings Guidance Will Spark Renewed Confidence In Second Half

Analysts have slightly increased their price target for Vtech Holdings from $69.88 to $70.19. They cite revised models that reflect lower revenue growth expectations and a marginal uptick in discount rates, balanced by improved future valuation multiples.
Actualización de narrativa Nov 14

303: Strong Second Half Performance Will Drive Improved Revenue Outlook

Analysts have raised their price target for Vtech Holdings from $65.77 to $69.88, citing improved revenue growth and slightly higher expected profit margins as key drivers for their updated outlook. What's in the News Vtech Holdings issued new earnings guidance for the second half and full year 2026.
Artículo de análisis Nov 12

Is Vtech Holdings Limited (HKG:303) Trading At A 29% Discount?

Key Insights Vtech Holdings' estimated fair value is HK$92.36 based on 2 Stage Free Cash Flow to Equity Current share...
Artículo de análisis Sep 08

Some Confidence Is Lacking In Vtech Holdings Limited's (HKG:303) P/E

It's not a stretch to say that Vtech Holdings Limited's ( HKG:303 ) price-to-earnings (or "P/E") ratio of 12.5x right...
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Nueva narrativa Jun 29

Global Manufacturing Shifts And Green Tech Will Build Resilience

Global expansion and manufacturing shifts are set to reduce trade risks and optimize margins, while supporting supply chain resilience and capacity utilization.
Artículo de análisis May 22

There May Be Some Bright Spots In Vtech Holdings' (HKG:303) Earnings

The most recent earnings report from Vtech Holdings Limited ( HKG:303 ) was disappointing for shareholders. However...
Artículo de análisis Apr 24

The Returns On Capital At Vtech Holdings (HKG:303) Don't Inspire Confidence

If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Typically...
Artículo de análisis Mar 05

Vtech Holdings Limited's (HKG:303) Shareholders Might Be Looking For Exit

There wouldn't be many who think Vtech Holdings Limited's ( HKG:303 ) price-to-earnings (or "P/E") ratio of 11.3x is...
Artículo de análisis Oct 11

Vtech Holdings (HKG:303) Is Aiming To Keep Up Its Impressive Returns

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
Artículo de análisis Jul 16

Estimating The Fair Value Of Vtech Holdings Limited (HKG:303)

Key Insights The projected fair value for Vtech Holdings is HK$71.08 based on Dividend Discount Model Vtech Holdings...
Artículo de análisis Jun 28

We Like Vtech Holdings' (HKG:303) Earnings For More Than Just Statutory Profit

The market seemed underwhelmed by last week's earnings announcement from Vtech Holdings Limited ( HKG:303 ) despite the...
Artículo de análisis May 22

Why You Should Care About Vtech Holdings' (HKG:303) Strong Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
Artículo de análisis Apr 26

Investor Optimism Abounds Vtech Holdings Limited (HKG:303) But Growth Is Lacking

With a median price-to-earnings (or "P/E") ratio of close to 9x in Hong Kong, you could be forgiven for feeling...
Artículo de análisis Feb 05

Be Wary Of Vtech Holdings (HKG:303) And Its Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Artículo de análisis Nov 01

Be Wary Of Vtech Holdings (HKG:303) And Its Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Artículo de análisis May 15

Returns On Capital Signal Tricky Times Ahead For Vtech Holdings (HKG:303)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Artículo de análisis Mar 01

Does Vtech Holdings (HKG:303) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Artículo de análisis Feb 12

Vtech Holdings (HKG:303) May Have Issues Allocating Its Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Artículo de análisis Nov 08

Vtech Holdings (HKG:303) Will Want To Turn Around Its Return Trends

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Artículo de análisis Aug 01

Vtech Holdings (HKG:303) Might Be Having Difficulty Using Its Capital Effectively

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Artículo de análisis May 23

A Look At The Intrinsic Value Of Vtech Holdings Limited (HKG:303)

Today we will run through one way of estimating the intrinsic value of Vtech Holdings Limited ( HKG:303 ) by projecting...
Artículo de análisis Mar 28

Investors Could Be Concerned With Vtech Holdings' (HKG:303) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...

Desglose de ingresos y gastos

Cómo gana y gasta dinero Vtech Holdings. Basado en los últimos beneficios reportados, en base a los últimos doce meses (LTM).


Historial de beneficios e ingresos

SEHK:303 Ingresos, gastos y beneficios (USD Millions)
FechaIngresosBeneficiosGastos G+AGastos de I+D
31 Mar 262,02813440883
31 Dec 252,05313940285
30 Sep 252,07914439787
30 Jun 252,12815040390
31 Mar 252,17715740992
31 Dec 242,13615939389
30 Sep 242,09516037886
30 Jun 242,12016436784
31 Mar 242,14616735682
31 Dec 232,18216435682
30 Sep 232,21816135583
30 Jun 232,23015536383
31 Mar 232,24214937283
31 Dec 222,33116438584
30 Sep 222,42117839884
30 Jun 222,39617538984
31 Mar 222,37117338184
31 Dec 212,36717837886
30 Sep 212,36418437587
30 Jun 212,36820837687
31 Mar 212,37223137886
31 Dec 202,26921437285
30 Sep 202,16519636683
30 Jun 202,16519436782
31 Mar 202,16619136882
31 Dec 192,22419537781
30 Sep 192,28319938680
30 Jun 192,22218537978
31 Mar 192,16217137277
31 Dec 182,12818237677
30 Sep 182,09419338077
30 Jun 182,11220038977
31 Mar 182,13020639778
31 Dec 172,13320939778
30 Sep 172,13621139778
30 Jun 172,10819540478
31 Mar 172,07917941277
31 Dec 161,99516639272
30 Sep 161,91115337366
30 Jun 161,88416734861
31 Mar 161,85718132356
31 Dec 151,88218832856
30 Sep 151,90719633256
30 Jun 151,89319733356

Ingresos de calidad: 303 tiene ganancias de alta calidad.

Margen de beneficios creciente: Los actuales márgenes de beneficio(6.6%) de 303 son inferiores a los del año pasado (7.2%).


Análisis del flujo de caja libre vs. Beneficios


Análisis del crecimiento de los beneficios en el pasado

Tendencia de beneficios: Los beneficios de 303 han disminuido en un 7.2% al año en los últimos 5 años.

Acelerando crecimiento: 303 ha tenido un crecimiento negativo de los beneficios en el último año, por lo que no puede compararse con su media de 5 años.

Beneficios vs. Industria: 303 tuvo un crecimiento negativo de los beneficios (-14.5%) durante el año pasado, lo que dificulta la comparación con la media de la industria Communications (19.5%).


Rentabilidad financiera

Alta ROE: La rentabilidad financiera (20.7%) de 303 se considera alta.


Rentabilidad económica


Rendimiento del capital invertido


Descubre empresas con buenos resultados en el pasado

Análisis de la empresa y estado de los datos financieros

DatosÚltima actualización (huso horario UTC)
Análisis de la empresa2026/05/27 19:32
Precio de las acciones al final del día2026/05/27 00:00
Beneficios2026/03/31
Ingresos anuales2026/03/31

Fuentes de datos

Los datos utilizados en nuestro análisis de empresas proceden de S&P Global Market Intelligence LLC. Los siguientes datos se utilizan en nuestro modelo de análisis para generar este informe. Los datos están normalizados, lo que puede introducir un retraso desde que la fuente está disponible.

PaqueteDatosMarco temporalEjemplo Fuente EE.UU. *
Finanzas de la empresa10 años
  • Cuenta de resultados
  • Estado de tesorería
  • Balance
Estimaciones del consenso de analistas+3 años
  • Previsiones financieras
  • Objetivos de precios de los analistas
Precios de mercado30 años
  • Precios de las acciones
  • Dividendos, escisiones y acciones
Propiedad10 años
  • Accionistas principales
  • Información privilegiada
Gestión10 años
  • Equipo directivo
  • Consejo de Administración
Principales avances10 años
  • Anuncios de empresas

* Ejemplo para valores de EE.UU., para no EE.UU. se utilizan formularios y fuentes normativas equivalentes.

A menos que se especifique lo contrario, todos los datos financieros se basan en un periodo anual, pero se actualizan trimestralmente. Esto se conoce como datos de los últimos doce meses (TTM) o de los últimos doce meses (LTM). Más información.

Modelo de análisis y copo de nieve

Los detalles del modelo de análisis utilizado para generar este informe están disponibles en nuestra página de Github, también tenemos guías sobre cómo utilizar nuestros informes y tutoriales en Youtube.

Conozca al equipo de talla mundial que diseñó y construyó el modelo de análisis Simply Wall St.

Métricas industriales y sectoriales

Simply Wall St calcula cada 6 horas nuestras métricas sectoriales y de sección. Los detalles de nuestro proceso están disponibles en Github.

Fuentes analistas

Vtech Holdings Limited está cubierta por 15 analistas. 3 de esos analistas presentaron las estimaciones de ingresos o ganancias utilizadas como datos para nuestro informe. Las estimaciones de los analistas se actualizan a lo largo del día.

AnalistaInstitución
Jones KuBarclays
Xin LiCitic Securities Co., Ltd.
Tak Hung LauCitigroup Inc