This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsVesync（2148）株式概要Ltd.は、その子会社とともに、北米、欧州、アジアにおいて、スマート家電およびスマートホームデバイスの研究開発、製造、販売を行っている。 詳細2148 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績5/6財務の健全性6/6配当金0/6報酬当社が推定した公正価値より10.7%で取引されている 過去1年間で収益は20.1%増加しました リスク分析今後3年間の収益は年平均6%減少すると予測されている。 すべてのリスクチェックを見る2148 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueHK$Current PriceHK$5.5735.9% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-16m712m2016201920222025202620282031Revenue US$711.9mEarnings US$101.5mAdvancedSet Fair ValueView all narrativesVesync Co., Ltd 競合他社Chervon HoldingsSymbol: SEHK:2285Market cap: HK$8.4bJS Global LifestyleSymbol: SEHK:1691Market cap: HK$5.2bTown Ray HoldingsSymbol: SEHK:1692Market cap: HK$574.4mRaymond IndustrialSymbol: SEHK:229Market cap: HK$446.2m価格と性能株価の高値、安値、推移の概要Vesync過去の株価現在の株価HK$5.5752週高値HK$5.8952週安値HK$3.50ベータ2.131ヶ月の変化1.83%3ヶ月変化6.30%1年変化1.64%3年間の変化3.72%5年間の変化n/aIPOからの変化-36.70%最新ニュースReported Earnings • Apr 19Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: US$0.086 (up from US$0.069 in FY 2023). Revenue: US$652.6m (up 12% from FY 2023). Net income: US$93.0m (up 20% from FY 2023). Profit margin: 14% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Major Estimate Revision • Mar 24Consensus revenue estimates decrease by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$753.6m to US$654.3m. EPS estimate unchanged from US$0.08 per share at last update. Consumer Durables industry in Hong Kong expected to see average net income growth of 4.4% next year. Consensus price target of HK$5.79 unchanged from last update. Share price rose 2.3% to HK$5.32 over the past week.New Risk • Mar 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Mar 18Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: US$0.086 (up from US$0.069 in FY 2023). Revenue: US$652.6m (up 12% from FY 2023). Net income: US$93.0m (up 20% from FY 2023). Profit margin: 14% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 05Vesync Co., Ltd to Report Fiscal Year 2024 Results on Mar 17, 2025Vesync Co., Ltd announced that they will report fiscal year 2024 results on Mar 17, 2025Valuation Update With 7 Day Price Move • Dec 31Investor sentiment improves as stock rises 26%After last week's 26% share price gain to HK$5.29, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.15 per share.最新情報をもっと見るRecent updatesReported Earnings • Apr 19Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: US$0.086 (up from US$0.069 in FY 2023). Revenue: US$652.6m (up 12% from FY 2023). Net income: US$93.0m (up 20% from FY 2023). Profit margin: 14% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Major Estimate Revision • Mar 24Consensus revenue estimates decrease by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$753.6m to US$654.3m. EPS estimate unchanged from US$0.08 per share at last update. Consumer Durables industry in Hong Kong expected to see average net income growth of 4.4% next year. Consensus price target of HK$5.79 unchanged from last update. Share price rose 2.3% to HK$5.32 over the past week.New Risk • Mar 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Mar 18Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: US$0.086 (up from US$0.069 in FY 2023). Revenue: US$652.6m (up 12% from FY 2023). Net income: US$93.0m (up 20% from FY 2023). Profit margin: 14% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 05Vesync Co., Ltd to Report Fiscal Year 2024 Results on Mar 17, 2025Vesync Co., Ltd announced that they will report fiscal year 2024 results on Mar 17, 2025Valuation Update With 7 Day Price Move • Dec 31Investor sentiment improves as stock rises 26%After last week's 26% share price gain to HK$5.29, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.15 per share.分析記事 • Dec 30After Leaping 30% Vesync Co., Ltd (HKG:2148) Shares Are Not Flying Under The RadarVesync Co., Ltd ( HKG:2148 ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...Board Change • Dec 30Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Felix Fong was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Nov 29Investor sentiment improves as stock rises 15%After last week's 15% share price gain to HK$4.05, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.08 per share.Buy Or Sell Opportunity • Nov 26Now 26% overvaluedOver the last 90 days, the stock has fallen 2.5% to HK$3.89. The fair value is estimated to be HK$3.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period.分析記事 • Nov 15Is Vesync (HKG:2148) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • Sep 29First half 2024 earnings released: EPS: US$0.041 (vs US$0.029 in 1H 2023)First half 2024 results: EPS: US$0.041 (up from US$0.029 in 1H 2023). Revenue: US$296.2m (up 7.0% from 1H 2023). Net income: US$44.9m (up 38% from 1H 2023). Profit margin: 15% (up from 12% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 25Upcoming dividend of HK$0.089 per shareEligible shareholders must have bought the stock before 02 October 2024. Payment date: 22 October 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Hong Kong dividend payers (8.4%). In line with average of industry peers (5.5%).分析記事 • Sep 20Vesync Co., Ltd's (HKG:2148) P/S Still Appears To Be ReasonableWhen you see that almost half of the companies in the Consumer Durables industry in Hong Kong have price-to-sales...Recent Insider Transactions • Aug 31CFO, VP & Executive Director recently bought HK$829k worth of stockOn the 29th of August, Zhaojun Chen bought around 200k shares on-market at roughly HK$4.14 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Zhaojun has been a buyer over the last 12 months, purchasing a net total of HK$2.0m worth in shares.分析記事 • Aug 30Vesync (HKG:2148) Has Announced A Dividend Of $0.0888The board of Vesync Co., Ltd ( HKG:2148 ) has announced that it will pay a dividend of $0.0888 per share on the 22nd of...Declared Dividend • Aug 29First half dividend of HK$0.089 announcedShareholders will receive a dividend of HK$0.089. Ex-date: 2nd October 2024 Payment date: 22nd October 2024 Dividend yield will be 5.9%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 12% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 28First half 2024 earnings released: EPS: US$0.041 (vs US$0.029 in 1H 2023)First half 2024 results: EPS: US$0.041 (up from US$0.029 in 1H 2023). Revenue: US$296.2m (up 7.0% from 1H 2023). Net income: US$44.9m (up 38% from 1H 2023). Profit margin: 15% (up from 12% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.お知らせ • Aug 27Vesync Co., Ltd Proposes Interim (Semi-Annual) Dividend for the Six Months Ended June 30, 2024, Payable on 22 October 2024Vesync Co. Ltd. proposed interim (Semi-annual) dividend of HKD 0.0888 per share for the six months ended June 30, 2024, payable on 22 October 2024. Record date is 8 October 2024. Ex-dividend date is 2 October 2024.New Risk • Aug 08New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$5.1m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (HK$5.1m sold).お知らせ • Aug 05Vesync Co., Ltd to Report First Half, 2024 Results on Aug 26, 2024Vesync Co., Ltd announced that they will report first half, 2024 results on Aug 26, 2024Upcoming Dividend • Jun 21Upcoming dividend of HK$0.16 per shareEligible shareholders must have bought the stock before 28 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Hong Kong dividend payers (7.8%). In line with average of industry peers (4.2%).お知らせ • May 30Vesync Co., Ltd Approves Final Ordinary Dividend for the Year Ended December 31, 2023Vesync Co. Ltd. announced that at the AGM held on May 30, 2024, approved final ordinary dividend of HK 15.69 cents per share of the Company for the year ended December 31, 2023.分析記事 • May 24Investors Appear Satisfied With Vesync Co., Ltd's (HKG:2148) Prospects As Shares Rocket 33%The Vesync Co., Ltd ( HKG:2148 ) share price has done very well over the last month, posting an excellent gain of 33...Recent Insider Transactions • May 11CFO, VP & Executive Director recently bought HK$588k worth of stockOn the 8th of May, Zhaojun Chen bought around 120k shares on-market at roughly HK$4.90 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$624k. Zhaojun has been a buyer over the last 12 months, purchasing a net total of HK$1.2m worth in shares.Valuation Update With 7 Day Price Move • May 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$5.45, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.72 per share.Buy Or Sell Opportunity • Apr 30Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to HK$4.45. The fair value is estimated to be HK$3.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.分析記事 • Apr 29Shareholders Can Be Confident That Vesync's (HKG:2148) Earnings Are High QualityVesync Co., Ltd's ( HKG:2148 ) earnings announcement last week was disappointing for investors, despite the decent...分析記事 • Apr 24Vesync (HKG:2148) Has A Rock Solid Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Apr 24Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: US$0.069 (up from US$0.014 loss in FY 2022). Revenue: US$585.5m (up 19% from FY 2022). Net income: US$77.5m (up US$93.8m from FY 2022). Profit margin: 13% (up from net loss in FY 2022). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings.お知らせ • Apr 23Vesync Co., Ltd, Annual General Meeting, May 30, 2024Vesync Co., Ltd, Annual General Meeting, May 30, 2024, at 10:00 China Standard Time. Location: 40th Floor, Dah Sing Financial Centre, 248 Queen's Road East Wan Chai Hong Kong Agenda: To receive, consider and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the Directors of the Company and auditor of the Company for the year ended December 31, 2023; to re-elect directors and to authorize the board of Directors to fix the remuneration of Directors; to declare a final ordinary dividend of HK15.69 cents per share of the Company for the year ended December 31, 2023; to re-appoint Ernst & Young as auditor of the Company and to authorize the board of Directors to fix its remuneration; to grant a general mandate to the Directors to issue new shares; to grant a general mandate to the Directors to repurchase shares; to extend the general mandate to issue new shares by adding the number of shares repurchased; and to consider and approve the proposed amendments to the second amended and restated articles of association and to adopt the third amended and restated articles of association.Recent Insider Transactions • Mar 28CFO, VP & Executive Director recently bought HK$624k worth of stockOn the 26th of March, Zhaojun Chen bought around 120k shares on-market at roughly HK$5.20 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Zhaojun's only on-market trade for the last 12 months.New Risk • Mar 27New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 6.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 26Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: US$0.069 (up from US$0.014 loss in FY 2022). Revenue: US$585.5m (up 19% from FY 2022). Net income: US$77.5m (up US$93.8m from FY 2022). Profit margin: 13% (up from net loss in FY 2022). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.お知らせ • Mar 14Vesync Co., Ltd to Report Fiscal Year 2023 Results on Mar 25, 2024Vesync Co., Ltd announced that they will report fiscal year 2023 results on Mar 25, 2024分析記事 • Mar 01Getting In Cheap On Vesync Co., Ltd (HKG:2148) Might Be DifficultVesync Co., Ltd's ( HKG:2148 ) price-to-sales (or "P/S") ratio of 1.4x may not look like an appealing investment...お知らせ • Jan 30Vesync Co., Ltd Announces Earnings Guidance for the Year Ended December 31, 2023Vesync Co. Ltd. announced earnings guidance for the year ended December 31, 2023. The company expects to record a profit attributable to owners of the parent of approximately $60 million to $85 million for the relevant period, and the loss attributable to owners of the parent forthe year of 2022 was approximately $16.3 million. The expected profit attributable to owners of the parent for the Relevant Period was mainly attributable to the (i) increase in sales of the Group in both Amazon and non-Amazon channels; (ii) reductions in cost of sales of the Group due to lower international freight rates as compared to that of the year of 2022 and other cost savings; and (iii) enhancement in operational efficiency of the Group.分析記事 • Nov 24Estimating The Fair Value Of Vesync Co., Ltd (HKG:2148)Key Insights Using the 2 Stage Free Cash Flow to Equity, Vesync fair value estimate is HK$5.65 Vesync's HK$5.43 share...Buying Opportunity • Nov 02Now 23% undervaluedOver the last 90 days, the stock is up 37%. The fair value is estimated to be HK$5.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 68%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 34% per annum over the same time period.New Risk • Oct 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin).Upcoming Dividend • Sep 26Upcoming dividend of HK$0.054 per share at 3.3% yieldEligible shareholders must have bought the stock before 03 October 2023. Payment date: 20 October 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.3%. Lower than top quartile of Hong Kong dividend payers (8.0%). Lower than average of industry peers (3.9%).分析記事 • Aug 23Is Vesync Co., Ltd (HKG:2148) Trading At A 48% Discount?Key Insights The projected fair value for Vesync is HK$6.81 based on 2 Stage Free Cash Flow to Equity Vesync is...お知らせ • Aug 22Vesync Co., Ltd Announces Interim Dividend for the Six Months Ended June 30, 2023, Payable on 20 October 2023Vesync Co. Ltd. announced interim dividend of HKD 0.0539 per share for the six months ended June 30, 2023, payable on 20 October 2023. Record date is 06 October 2023. Ex-dividend date is 03 October 2023.Reported Earnings • Aug 22First half 2023 earnings released: EPS: US$0.029 (vs US$0.014 in 1H 2022)First half 2023 results: EPS: US$0.029 (up from US$0.014 in 1H 2022). Revenue: US$276.9m (up 24% from 1H 2022). Net income: US$32.6m (up 111% from 1H 2022). Profit margin: 12% (up from 6.9% in 1H 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Consumer Durables industry in Hong Kong.New Risk • Aug 22New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 209% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.お知らせ • Aug 10Vesync Co., Ltd to Report First Half, 2023 Results on Aug 21, 2023Vesync Co., Ltd announced that they will report first half, 2023 results on Aug 21, 2023お知らせ • Jul 29Vesync Co., Ltd Provides Earnings Guidance for the Six Months Ended June 30, 2023Vesync Co. Ltd. provided earnings guidance for the six months ended June 30, 2023. For the period, the company expects to record an increase of approximately 70% to 120% in the profit attributable to owners of the parent. The expected increase in profit attributable to owners of the parent Company for the Relevant Period was mainly attributable to the (i) increase in sales of the Group in both Amazon and non-Amazon channels; (ii) cost reductions of the Group resulting from lower international freight rates and other cost savings as compared to that of the first half of 2022; and (iii) enhancement in operational efficiency of the Group.Recent Insider Transactions • Jul 25Executive Chairperson & CEO recently bought HK$7.5m worth of stockOn the 18th of July, Lin Yang bought around 3m shares on-market at roughly HK$2.94 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lin's only on-market trade for the last 12 months.New Risk • Jul 19New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Significant insider selling over the past 3 months (HK$6.1m sold).分析記事 • Jul 18Investors Interested In Vesync Co., Ltd's (HKG:2148) RevenuesVesync Co., Ltd's ( HKG:2148 ) price-to-sales (or "P/S") ratio of 1.1x may not look like an appealing investment...Reported Earnings • Mar 30Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: US$0.014 loss per share (down from US$0.037 profit in FY 2021). Revenue: US$490.4m (up 8.0% from FY 2021). Net loss: US$16.3m (down 139% from profit in FY 2021). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in Hong Kong.Valuation Update With 7 Day Price Move • Nov 21Investor sentiment improved over the past weekAfter last week's 19% share price gain to HK$4.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 58% over the past year.Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Chairperson & CEO Lin Yang is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Felix Fong was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to HK$2.42, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 76% over the past year.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to HK$2.75, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 73% over the past year.Valuation Update With 7 Day Price Move • Sep 21Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to HK$3.86, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 65% over the past year.Major Estimate Revision • Sep 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$560.4m to US$545.5m. EPS estimate rose from US$0.03 to US$0.04. Net income forecast to grow 128% next year vs 23% growth forecast for Consumer Durables industry in Hong Kong. Consensus price target down from HK$6.44 to HK$6.19. Share price fell 7.3% to HK$4.67 over the past week.Reported Earnings • Aug 31First half 2022 earnings released: EPS: US$0.014 (vs US$0.028 in 1H 2021)First half 2022 results: EPS: US$0.014 (down from US$0.028 in 1H 2021). Revenue: US$223.3m (up 12% from 1H 2021). Net income: US$15.5m (down 52% from 1H 2021). Profit margin: 6.9% (down from 16% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 29%, compared to a 11% growth forecast for the Consumer Durables industry in Hong Kong.お知らせ • Aug 18Vesync Co., Ltd to Report First Half, 2022 Results on Aug 29, 2022Vesync Co., Ltd announced that they will report first half, 2022 results on Aug 29, 2022Major Estimate Revision • Aug 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.05 to US$0.03 per share. Revenue forecast steady at US$560.4m. Net income forecast to shrink 5.8% next year vs 13% growth forecast for Consumer Durables industry in Hong Kong . Consensus price target broadly unchanged at HK$6.44. Share price fell 2.9% to HK$5.05 over the past week.お知らせ • Aug 16Vesync Co., Ltd Provides Earnings Guidance for the Six Months Ended June 30, 2022Vesync Co. Ltd. provided earnings guidance for the six months ended June 30, 2022. For the period, the Group expects to record a decrease of approximately 40% to 60% in the profit attributable to owners of the parent for the Relevant Period as compared to that for the six months ended June 30, 2021. The expected decrease in profit attributable to owners of the parent company for the Relevant Period was mainly due to (i) the significant increase in cost of sales as compared to the corresponding period in 2021, primarily attributable to the rise in freight costs of not less than approximately 70% as compared to the corresponding period in 2021, resulting in a drop in the overall gross profit margin; (ii) the increase in loss resulting from changes in foreign currency exchange rates arose from the depreciation of non-US dollars (such as Euro, British Pound and Japanese Yen, being the currencies of the countries (except the United States) to which the Group sold its products during the Relevant Period) against US dollar of not less than approximately USD 3,000,000, representing an increase of not less than approximately 320% as compared to the corresponding period in 2021; and (iii) the significant increase in staff costs of not less than approximately 70% as compared to the corresponding period in 2021 mainly due to the increase in number of employees of the Group as its business expands. The rise in international freight rate in 2021 had a significant impact on the Group's cost of sales during the second half of the 2021 and the Relevant Period, thereby reducing the Group's gross profit. The international freight rate has dropped in the Relevant Period in 2022, and it is expected that the impact on the Group's gross profit margin caused by the increase in freight rates in 2021 will be alleviated. The Group's gross profit margin rate for the Relevant Period in 2022 increased by approximately 4 to 6 percentage points as compared to the second half of 2021.お知らせ • Jun 16Vesync Co's Cosori Launches Their First-Ever Compact Smart Air Fryer, Cosori LiteVesync Co's premier kitchen appliance company, COSORI is proud to announce the launch of its newest compact air fryer, the COSORI Lite 4.0-Quart Smart Air Fryer. In addition to COSORI's award-winning line of air fryers, this model is ideal for individuals or couples wanting to cook healthier and more nutritious meals in minutes. The COSORI Lite 4.0-Quart Smart Air Fryer features its trademarked CrispFit™ Technology that locks into place with a slitted vent design for even cooking and safe pouring. It has seven cooking functions with three customizable pre-sets, heats up to 450°F, and is dishwasher safe. The COSORI Lite air fryer also replaces the traditional "egg" shape and double basket design of most older generation air fryers to maximize capacity. It's space-saving size is ideal for small spaces while the 4.0-quart capacity can cook meals up to four people. Through its proprietary VeSync app, consumers are able to access over 150 original recipes, monitor meals, adjust temperature, customize settings, and more. The COSORI Lite is also compatible with Amazon Alexa and Google Assistant, providing additional convenience and accessibility. Combining smart controls with easy to access recipes, this new air fryer is the ideal kitchen assistant. The COSORI Lite is now available on COSORI.com for $99.99, and at Best Buy, Target, and Amazon in charcoal grey with two additional color ways launching in August.お知らせ • Jun 01+ 1 more updateVesync Co., Ltd Approves Final Ordinary Dividend for the Year Ended December 31, 2021Vesync Co. Ltd. at its AGM held on May 31, 2022 approved final ordinary dividend of HK6.40 cents per share of the Company for the year ended December 31, 2021.Upcoming Dividend • May 30Upcoming dividend of HK$0.13 per shareEligible shareholders must have bought the stock before 06 June 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (4.1%).分析記事 • May 07Vesync (HKG:2148) Is Reinvesting At Lower Rates Of ReturnIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...Reported Earnings • Apr 29Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: US$0.037 (down from US$0.068 in FY 2020). Revenue: US$454.3m (up 30% from FY 2020). Net income: US$41.6m (down 24% from FY 2020). Profit margin: 9.2% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 26%, compared to a 16% growth forecast for the industry in Hong Kong.Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Chairperson & CEO Lin Yang is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Felix Fong was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Recent Insider Transactions • Apr 12Executive Chairperson & CEO recently bought HK$2.0m worth of stockOn the 6th of April, Lin Yang bought around 410k shares on-market at roughly HK$4.93 per share. In the last 3 months, they made an even bigger purchase worth HK$21m. Lin has been a buyer over the last 12 months, purchasing a net total of HK$24m worth in shares.Major Estimate Revision • Apr 07Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$633.2m to US$570.2m. EPS estimate also fell from US$0.08 per share to US$0.05 per share. Net income forecast to grow 46% next year vs 15% growth forecast for Consumer Durables industry in Hong Kong. Consensus price target down from HK$13.17 to HK$7.53. Share price fell 9.0% to HK$4.88 over the past week.お知らせ • Apr 01Vesync Co., Ltd, Annual General Meeting, May 31, 2022Vesync Co., Ltd, Annual General Meeting, May 31, 2022. Agenda: To recommend the final ordinary dividend.Reported Earnings • Apr 01Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: US$0.037 (down from US$0.068 in FY 2020). Revenue: US$454.3m (up 30% from FY 2020). Net income: US$41.6m (down 24% from FY 2020). Profit margin: 9.2% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 39%, compared to a 18% growth forecast for the industry in Hong Kong.お知らせ • Apr 01+ 1 more updateVesync Co., Ltd Announces Ordinary Final Cash Dividend for the Year Ended December 31, 2021, Payable on 28 July 2022Vesync Co. Ltd. announced ordinary final cash dividend of HKD 0.064 per share for the year ended December 31, 2021. Ex-dividend date is 06 June 2022. Record date is 10 June 2022. Payment date is 28 July 2022.お知らせ • Mar 23Vesync Co., Ltd to Report Fiscal Year 2021 Results on Mar 31, 2022Vesync Co., Ltd announced that they will report fiscal year 2021 results on Mar 31, 2022Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improved over the past weekAfter last week's 25% share price gain to HK$4.91, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 62% over the past year.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to HK$4.61, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 64% over the past year.Buying Opportunity • Feb 15Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 48%. The fair value is estimated to be US$7.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 85% over the last year. Earnings per share has grown by 93% over the last year.Recent Insider Transactions • Feb 06Executive Chairperson & CEO recently bought HK$21m worth of stockOn the 28th of January, Lin Yang bought around 3m shares on-market at roughly HK$7.04 per share. This was the largest purchase by an insider in the last 3 months. This was Lin's only on-market trade for the last 12 months.分析記事 • Jan 28Be Wary Of Vesync (HKG:2148) And Its Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...Valuation Update With 7 Day Price Move • Jan 26Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to HK$6.75, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$7.40 per share.お知らせ • Dec 14Vesync Will Showcase Their Smart Home Ecosystem At CES 2022VeSync will be showcasing select products at the 2022 Consumer Electronics Show (CES), highlighting the brand's new focus of helping families across the globe build out their smart home ecosystems. All three VeSync brands - Levoit, the number one selling air purifier brand in the United States, Cosori, the number one selling air fryer brand and Etekcity, the number one smart fitness scale brand - are connected through the proprietary VeSync app, which unites its smart products across the brands to help users build more connected lifestyles. From January 5 through January 8, CES attendees can experience and learn more about VeSync's innovative products across all three brands. Located at Booth #52113, attendees will experience an interactive smart home setup where guests can test, connect and explore. At CES 2022, VeSync will launch and demo three new products, highlighting incorporation of smart home technologies across brands. The Cosori Dual Blaze Air Fryer, available for ($179.99) on Amazon, features 12 customizable functions in one air fryer. With the smart control technology, users are able to control the air fryer remotely, monitor cooking progress and activate voice control with Amazon through the VeSync app. The air fryer also has patented 360 ThermolQ Technology which allows the food to cook evenly without needing to shake or flip. The Levoit Core 600S Smart True HEPA Air Purifier, the newest model in the Core Series, will be available for ($299.99) at Levoit.com and Amazon. With a 3-stage filtration process, the purifier filters and traps 99.97% of airborne particles 0.3 microns in size, allowing it to purify up to 3,177 square feet in as little as one hour. The smart technology gives real-time air quality readings, allows users to control settings, create schedules, and access voice assistances such as Amazon Alexa to customize their indoor air quality. In auto mode, the purifier will utilize self-adjusting fans that adapt speeds according to the room's air quality. The Core 600S also features Eco Auto Mode which helps conserve energy, by turning off the purifier if the air quality levels are excellent. The mode also incorporates a new light sensor which automatically turns off the display when not in use. The Levoit EverestAir, is the newest air purifier by Levoit. Slated to launch in Spring of 2022, the Levoit Everest Air is not yet available to the public but will be exclusively demoed at CES 2022. The Everest Air will feature rotating vents that oscillate air flow, 3-stage filtration system with H13 true HEPA filter and HEPASmart™ Technology, and provide real-time AQI readings with AirSight Plus Technology. The CES demonstrations will allow guests the opportunity to test and learn about the Levoit Everest Air ahead of its official release.分析記事 • Nov 04An Intrinsic Calculation For Vesync Co., Ltd (HKG:2148) Suggests It's 50% UndervaluedDoes the November share price for Vesync Co., Ltd ( HKG:2148 ) reflect what it's really worth? Today, we will estimate...Reported Earnings • Sep 01First half 2021 earnings released: EPS US$0.028 (vs US$0.027 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: US$199.3m (up 54% from 1H 2020). Net income: US$32.0m (up 42% from 1H 2020). Profit margin: 16% (down from 17% in 1H 2020). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$11.38, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 11x in the Consumer Durables industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$10.67 per share.Valuation Update With 7 Day Price Move • Jul 27Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$9.30, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Consumer Durables industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$10.46 per share.Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improved over the past weekAfter last week's 16% share price gain to US$11.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Consumer Durables industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$10.20 per share.分析記事 • Jun 19Estimating The Intrinsic Value Of Vesync Co., Ltd (HKG:2148)Does the June share price for Vesync Co., Ltd ( HKG:2148 ) reflect what it's really worth? Today, we will estimate the...Valuation Update With 7 Day Price Move • Jun 07Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to US$10.08, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Consumer Durables industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$10.17 per share.お知らせ • May 22Vesync Co., Ltd Approves Final Dividend for the Year Ended 31 December 2020Vesync Co. Ltd. approved final dividend of 12.74 Hong Kong cents per share for the year ended 31 December 2020.Valuation Update With 7 Day Price Move • May 10Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to US$10.22, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Consumer Durables industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$10.12 per share.分析記事 • Apr 27We Think That There Are Issues Underlying Vesync's (HKG:2148) EarningsVesync Co., Ltd's ( HKG:2148 ) robust earnings report didn't manage to move the market for its stock. We did some...Reported Earnings • Apr 24Full year 2020 earnings released: EPS US$0.068 (vs US$0.008 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$348.9m (up 103% from FY 2019). Net income: US$54.7m (up US$48.4m from FY 2019). Profit margin: 16% (up from 3.7% in FY 2019). The increase in margin was driven by higher revenue.Reported Earnings • Mar 31Full year 2020 earnings released: EPS US$0.068 (vs US$0.008 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$348.9m (up 103% from FY 2019). Net income: US$54.7m (up US$48.4m from FY 2019). Profit margin: 16% (up from 3.7% in FY 2019). The increase in margin was driven by higher revenue.分析記事 • Mar 18Is Vesync Co., Ltd's (HKG:2148) Shareholder Ownership Skewed Towards Insiders?The big shareholder groups in Vesync Co., Ltd ( HKG:2148 ) have power over the company. Generally speaking, as a...お知らせ • Mar 18Vesync Co., Ltd to Report Fiscal Year 2020 Results on Mar 29, 2021Vesync Co., Ltd announced that they will report fiscal year 2020 results on Mar 29, 2021Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 30% share price decline to US$14.00, the stock is trading at a trailing P/E ratio of 56.5x, down from the previous P/E ratio of 80.3x. This compares to an average P/E of 10x in the Consumer Durables industry in Hong Kong.Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improved over the past weekAfter last week's 21% share price gain to US$17.60, the stock is trading at a trailing P/E ratio of 71.1x, up from the previous P/E ratio of 58.9x. This compares to an average P/E of 10x in the Consumer Durables industry in Hong Kong.株主還元2148HK Consumer DurablesHK 市場7D0%-1.6%-1.5%1Y1.6%22.6%11.3%株主還元を見る業界別リターン: 2148過去 1 年間で22.6 % の収益を上げたHong Kong Consumer Durables業界を上回りました。リターン対市場: 2148は、過去 1 年間で11.3 % のリターンを上げたHong Kong市場を下回りました。価格変動Is 2148's price volatile compared to industry and market?2148 volatility2148 Average Weekly Movement1.3%Consumer Durables Industry Average Movement6.7%Market Average Movement7.3%10% most volatile stocks in HK Market15.6%10% least volatile stocks in HK Market3.5%安定した株価: 2148 、 Hong Kong市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 2148の 週次ボラティリティ は、過去 1 年間で7%から1%に減少しました。会社概要設立従業員CEO（最高経営責任者ウェブサイト20111,408Lin Yangwww.vesync.comVesync Co., Ltd.は子会社とともに、北米、欧州、アジアでスマート家電やスマートホームデバイスの研究開発、製造、販売を行っている。同社はEtekcityのブランド名でWi-Fiフィットネススケール、体重・脂肪計、食品Bluetoothキッチンスケール、血圧計、フットマッサージャーを提供している。また、Cosoriのブランド名で、エアフライヤー、グースネックケトル、エアフライヤートースターオーブン、室内グリル、食品脱水機を提供している。さらに、Levoitのブランド名で空気清浄機、温冷ミストメーカー、超音波加湿器、コードレススティック掃除機、空気清浄機交換フィルターを提供している。さらに、通関や申告、サポートサービスも提供している。同社はアマゾン・チャネル、およびチェーン小売店、他のeコマース・マーケットプレイス、自社のオンラインショッピングサイトなど、アマゾン以外のチャネルを通じて製品を提供している。Vesync Co., Ltd.は2011年に設立され、中国の深センに本社を置いている。もっと見るVesync Co., Ltd 基礎のまとめVesync の収益と売上を時価総額と比較するとどうか。2148 基礎統計学時価総額HK$6.35b収益（TTM）HK$723.29m売上高(TTM)HK$5.07b8.8xPER（株価収益率1.3xP/Sレシオ2148 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計2148 損益計算書（TTM）収益US$652.64m売上原価US$346.06m売上総利益US$306.58mその他の費用US$213.53m収益US$93.05m直近の収益報告Dec 31, 2024次回決算日該当なし一株当たり利益（EPS）0.082グロス・マージン46.98%純利益率14.26%有利子負債／自己資本比率5.6%2148 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2025/05/09 13:48終値2025/04/24 00:00収益2024/12/31年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Vesync Co., Ltd 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。11 アナリスト機関Wei HeChina International Capital Corporation LimitedYawei TangChina International Capital Corporation LimitedJun ChuChina International Capital Corporation Limited8 その他のアナリストを表示
Reported Earnings • Apr 19Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: US$0.086 (up from US$0.069 in FY 2023). Revenue: US$652.6m (up 12% from FY 2023). Net income: US$93.0m (up 20% from FY 2023). Profit margin: 14% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Mar 24Consensus revenue estimates decrease by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$753.6m to US$654.3m. EPS estimate unchanged from US$0.08 per share at last update. Consumer Durables industry in Hong Kong expected to see average net income growth of 4.4% next year. Consensus price target of HK$5.79 unchanged from last update. Share price rose 2.3% to HK$5.32 over the past week.
New Risk • Mar 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Mar 18Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: US$0.086 (up from US$0.069 in FY 2023). Revenue: US$652.6m (up 12% from FY 2023). Net income: US$93.0m (up 20% from FY 2023). Profit margin: 14% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 05Vesync Co., Ltd to Report Fiscal Year 2024 Results on Mar 17, 2025Vesync Co., Ltd announced that they will report fiscal year 2024 results on Mar 17, 2025
Valuation Update With 7 Day Price Move • Dec 31Investor sentiment improves as stock rises 26%After last week's 26% share price gain to HK$5.29, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.15 per share.
Reported Earnings • Apr 19Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: US$0.086 (up from US$0.069 in FY 2023). Revenue: US$652.6m (up 12% from FY 2023). Net income: US$93.0m (up 20% from FY 2023). Profit margin: 14% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Mar 24Consensus revenue estimates decrease by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$753.6m to US$654.3m. EPS estimate unchanged from US$0.08 per share at last update. Consumer Durables industry in Hong Kong expected to see average net income growth of 4.4% next year. Consensus price target of HK$5.79 unchanged from last update. Share price rose 2.3% to HK$5.32 over the past week.
New Risk • Mar 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Mar 18Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: US$0.086 (up from US$0.069 in FY 2023). Revenue: US$652.6m (up 12% from FY 2023). Net income: US$93.0m (up 20% from FY 2023). Profit margin: 14% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 05Vesync Co., Ltd to Report Fiscal Year 2024 Results on Mar 17, 2025Vesync Co., Ltd announced that they will report fiscal year 2024 results on Mar 17, 2025
Valuation Update With 7 Day Price Move • Dec 31Investor sentiment improves as stock rises 26%After last week's 26% share price gain to HK$5.29, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.15 per share.
分析記事 • Dec 30After Leaping 30% Vesync Co., Ltd (HKG:2148) Shares Are Not Flying Under The RadarVesync Co., Ltd ( HKG:2148 ) shares have had a really impressive month, gaining 30% after a shaky period beforehand...
Board Change • Dec 30Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Felix Fong was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Nov 29Investor sentiment improves as stock rises 15%After last week's 15% share price gain to HK$4.05, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.08 per share.
Buy Or Sell Opportunity • Nov 26Now 26% overvaluedOver the last 90 days, the stock has fallen 2.5% to HK$3.89. The fair value is estimated to be HK$3.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period.
分析記事 • Nov 15Is Vesync (HKG:2148) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • Sep 29First half 2024 earnings released: EPS: US$0.041 (vs US$0.029 in 1H 2023)First half 2024 results: EPS: US$0.041 (up from US$0.029 in 1H 2023). Revenue: US$296.2m (up 7.0% from 1H 2023). Net income: US$44.9m (up 38% from 1H 2023). Profit margin: 15% (up from 12% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 25Upcoming dividend of HK$0.089 per shareEligible shareholders must have bought the stock before 02 October 2024. Payment date: 22 October 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 5.8%. Lower than top quartile of Hong Kong dividend payers (8.4%). In line with average of industry peers (5.5%).
分析記事 • Sep 20Vesync Co., Ltd's (HKG:2148) P/S Still Appears To Be ReasonableWhen you see that almost half of the companies in the Consumer Durables industry in Hong Kong have price-to-sales...
Recent Insider Transactions • Aug 31CFO, VP & Executive Director recently bought HK$829k worth of stockOn the 29th of August, Zhaojun Chen bought around 200k shares on-market at roughly HK$4.14 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Zhaojun has been a buyer over the last 12 months, purchasing a net total of HK$2.0m worth in shares.
分析記事 • Aug 30Vesync (HKG:2148) Has Announced A Dividend Of $0.0888The board of Vesync Co., Ltd ( HKG:2148 ) has announced that it will pay a dividend of $0.0888 per share on the 22nd of...
Declared Dividend • Aug 29First half dividend of HK$0.089 announcedShareholders will receive a dividend of HK$0.089. Ex-date: 2nd October 2024 Payment date: 22nd October 2024 Dividend yield will be 5.9%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 12% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 28First half 2024 earnings released: EPS: US$0.041 (vs US$0.029 in 1H 2023)First half 2024 results: EPS: US$0.041 (up from US$0.029 in 1H 2023). Revenue: US$296.2m (up 7.0% from 1H 2023). Net income: US$44.9m (up 38% from 1H 2023). Profit margin: 15% (up from 12% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.
お知らせ • Aug 27Vesync Co., Ltd Proposes Interim (Semi-Annual) Dividend for the Six Months Ended June 30, 2024, Payable on 22 October 2024Vesync Co. Ltd. proposed interim (Semi-annual) dividend of HKD 0.0888 per share for the six months ended June 30, 2024, payable on 22 October 2024. Record date is 8 October 2024. Ex-dividend date is 2 October 2024.
New Risk • Aug 08New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: HK$5.1m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (HK$5.1m sold).
お知らせ • Aug 05Vesync Co., Ltd to Report First Half, 2024 Results on Aug 26, 2024Vesync Co., Ltd announced that they will report first half, 2024 results on Aug 26, 2024
Upcoming Dividend • Jun 21Upcoming dividend of HK$0.16 per shareEligible shareholders must have bought the stock before 28 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Hong Kong dividend payers (7.8%). In line with average of industry peers (4.2%).
お知らせ • May 30Vesync Co., Ltd Approves Final Ordinary Dividend for the Year Ended December 31, 2023Vesync Co. Ltd. announced that at the AGM held on May 30, 2024, approved final ordinary dividend of HK 15.69 cents per share of the Company for the year ended December 31, 2023.
分析記事 • May 24Investors Appear Satisfied With Vesync Co., Ltd's (HKG:2148) Prospects As Shares Rocket 33%The Vesync Co., Ltd ( HKG:2148 ) share price has done very well over the last month, posting an excellent gain of 33...
Recent Insider Transactions • May 11CFO, VP & Executive Director recently bought HK$588k worth of stockOn the 8th of May, Zhaojun Chen bought around 120k shares on-market at roughly HK$4.90 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth HK$624k. Zhaojun has been a buyer over the last 12 months, purchasing a net total of HK$1.2m worth in shares.
Valuation Update With 7 Day Price Move • May 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$5.45, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.72 per share.
Buy Or Sell Opportunity • Apr 30Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to HK$4.45. The fair value is estimated to be HK$3.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.
分析記事 • Apr 29Shareholders Can Be Confident That Vesync's (HKG:2148) Earnings Are High QualityVesync Co., Ltd's ( HKG:2148 ) earnings announcement last week was disappointing for investors, despite the decent...
分析記事 • Apr 24Vesync (HKG:2148) Has A Rock Solid Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Apr 24Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: US$0.069 (up from US$0.014 loss in FY 2022). Revenue: US$585.5m (up 19% from FY 2022). Net income: US$77.5m (up US$93.8m from FY 2022). Profit margin: 13% (up from net loss in FY 2022). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 23Vesync Co., Ltd, Annual General Meeting, May 30, 2024Vesync Co., Ltd, Annual General Meeting, May 30, 2024, at 10:00 China Standard Time. Location: 40th Floor, Dah Sing Financial Centre, 248 Queen's Road East Wan Chai Hong Kong Agenda: To receive, consider and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the Directors of the Company and auditor of the Company for the year ended December 31, 2023; to re-elect directors and to authorize the board of Directors to fix the remuneration of Directors; to declare a final ordinary dividend of HK15.69 cents per share of the Company for the year ended December 31, 2023; to re-appoint Ernst & Young as auditor of the Company and to authorize the board of Directors to fix its remuneration; to grant a general mandate to the Directors to issue new shares; to grant a general mandate to the Directors to repurchase shares; to extend the general mandate to issue new shares by adding the number of shares repurchased; and to consider and approve the proposed amendments to the second amended and restated articles of association and to adopt the third amended and restated articles of association.
Recent Insider Transactions • Mar 28CFO, VP & Executive Director recently bought HK$624k worth of stockOn the 26th of March, Zhaojun Chen bought around 120k shares on-market at roughly HK$5.20 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Zhaojun's only on-market trade for the last 12 months.
New Risk • Mar 27New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 6.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 26Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: US$0.069 (up from US$0.014 loss in FY 2022). Revenue: US$585.5m (up 19% from FY 2022). Net income: US$77.5m (up US$93.8m from FY 2022). Profit margin: 13% (up from net loss in FY 2022). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Durables industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 14Vesync Co., Ltd to Report Fiscal Year 2023 Results on Mar 25, 2024Vesync Co., Ltd announced that they will report fiscal year 2023 results on Mar 25, 2024
分析記事 • Mar 01Getting In Cheap On Vesync Co., Ltd (HKG:2148) Might Be DifficultVesync Co., Ltd's ( HKG:2148 ) price-to-sales (or "P/S") ratio of 1.4x may not look like an appealing investment...
お知らせ • Jan 30Vesync Co., Ltd Announces Earnings Guidance for the Year Ended December 31, 2023Vesync Co. Ltd. announced earnings guidance for the year ended December 31, 2023. The company expects to record a profit attributable to owners of the parent of approximately $60 million to $85 million for the relevant period, and the loss attributable to owners of the parent forthe year of 2022 was approximately $16.3 million. The expected profit attributable to owners of the parent for the Relevant Period was mainly attributable to the (i) increase in sales of the Group in both Amazon and non-Amazon channels; (ii) reductions in cost of sales of the Group due to lower international freight rates as compared to that of the year of 2022 and other cost savings; and (iii) enhancement in operational efficiency of the Group.
分析記事 • Nov 24Estimating The Fair Value Of Vesync Co., Ltd (HKG:2148)Key Insights Using the 2 Stage Free Cash Flow to Equity, Vesync fair value estimate is HK$5.65 Vesync's HK$5.43 share...
Buying Opportunity • Nov 02Now 23% undervaluedOver the last 90 days, the stock is up 37%. The fair value is estimated to be HK$5.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 68%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 34% per annum over the same time period.
New Risk • Oct 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin).
Upcoming Dividend • Sep 26Upcoming dividend of HK$0.054 per share at 3.3% yieldEligible shareholders must have bought the stock before 03 October 2023. Payment date: 20 October 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.3%. Lower than top quartile of Hong Kong dividend payers (8.0%). Lower than average of industry peers (3.9%).
分析記事 • Aug 23Is Vesync Co., Ltd (HKG:2148) Trading At A 48% Discount?Key Insights The projected fair value for Vesync is HK$6.81 based on 2 Stage Free Cash Flow to Equity Vesync is...
お知らせ • Aug 22Vesync Co., Ltd Announces Interim Dividend for the Six Months Ended June 30, 2023, Payable on 20 October 2023Vesync Co. Ltd. announced interim dividend of HKD 0.0539 per share for the six months ended June 30, 2023, payable on 20 October 2023. Record date is 06 October 2023. Ex-dividend date is 03 October 2023.
Reported Earnings • Aug 22First half 2023 earnings released: EPS: US$0.029 (vs US$0.014 in 1H 2022)First half 2023 results: EPS: US$0.029 (up from US$0.014 in 1H 2022). Revenue: US$276.9m (up 24% from 1H 2022). Net income: US$32.6m (up 111% from 1H 2022). Profit margin: 12% (up from 6.9% in 1H 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Consumer Durables industry in Hong Kong.
New Risk • Aug 22New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 209% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
お知らせ • Aug 10Vesync Co., Ltd to Report First Half, 2023 Results on Aug 21, 2023Vesync Co., Ltd announced that they will report first half, 2023 results on Aug 21, 2023
お知らせ • Jul 29Vesync Co., Ltd Provides Earnings Guidance for the Six Months Ended June 30, 2023Vesync Co. Ltd. provided earnings guidance for the six months ended June 30, 2023. For the period, the company expects to record an increase of approximately 70% to 120% in the profit attributable to owners of the parent. The expected increase in profit attributable to owners of the parent Company for the Relevant Period was mainly attributable to the (i) increase in sales of the Group in both Amazon and non-Amazon channels; (ii) cost reductions of the Group resulting from lower international freight rates and other cost savings as compared to that of the first half of 2022; and (iii) enhancement in operational efficiency of the Group.
Recent Insider Transactions • Jul 25Executive Chairperson & CEO recently bought HK$7.5m worth of stockOn the 18th of July, Lin Yang bought around 3m shares on-market at roughly HK$2.94 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Lin's only on-market trade for the last 12 months.
New Risk • Jul 19New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Significant insider selling over the past 3 months (HK$6.1m sold).
分析記事 • Jul 18Investors Interested In Vesync Co., Ltd's (HKG:2148) RevenuesVesync Co., Ltd's ( HKG:2148 ) price-to-sales (or "P/S") ratio of 1.1x may not look like an appealing investment...
Reported Earnings • Mar 30Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: US$0.014 loss per share (down from US$0.037 profit in FY 2021). Revenue: US$490.4m (up 8.0% from FY 2021). Net loss: US$16.3m (down 139% from profit in FY 2021). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in Hong Kong.
Valuation Update With 7 Day Price Move • Nov 21Investor sentiment improved over the past weekAfter last week's 19% share price gain to HK$4.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 58% over the past year.
Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Chairperson & CEO Lin Yang is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Felix Fong was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to HK$2.42, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 76% over the past year.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to HK$2.75, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 73% over the past year.
Valuation Update With 7 Day Price Move • Sep 21Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to HK$3.86, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 65% over the past year.
Major Estimate Revision • Sep 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$560.4m to US$545.5m. EPS estimate rose from US$0.03 to US$0.04. Net income forecast to grow 128% next year vs 23% growth forecast for Consumer Durables industry in Hong Kong. Consensus price target down from HK$6.44 to HK$6.19. Share price fell 7.3% to HK$4.67 over the past week.
Reported Earnings • Aug 31First half 2022 earnings released: EPS: US$0.014 (vs US$0.028 in 1H 2021)First half 2022 results: EPS: US$0.014 (down from US$0.028 in 1H 2021). Revenue: US$223.3m (up 12% from 1H 2021). Net income: US$15.5m (down 52% from 1H 2021). Profit margin: 6.9% (down from 16% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 29%, compared to a 11% growth forecast for the Consumer Durables industry in Hong Kong.
お知らせ • Aug 18Vesync Co., Ltd to Report First Half, 2022 Results on Aug 29, 2022Vesync Co., Ltd announced that they will report first half, 2022 results on Aug 29, 2022
Major Estimate Revision • Aug 18Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from US$0.05 to US$0.03 per share. Revenue forecast steady at US$560.4m. Net income forecast to shrink 5.8% next year vs 13% growth forecast for Consumer Durables industry in Hong Kong . Consensus price target broadly unchanged at HK$6.44. Share price fell 2.9% to HK$5.05 over the past week.
お知らせ • Aug 16Vesync Co., Ltd Provides Earnings Guidance for the Six Months Ended June 30, 2022Vesync Co. Ltd. provided earnings guidance for the six months ended June 30, 2022. For the period, the Group expects to record a decrease of approximately 40% to 60% in the profit attributable to owners of the parent for the Relevant Period as compared to that for the six months ended June 30, 2021. The expected decrease in profit attributable to owners of the parent company for the Relevant Period was mainly due to (i) the significant increase in cost of sales as compared to the corresponding period in 2021, primarily attributable to the rise in freight costs of not less than approximately 70% as compared to the corresponding period in 2021, resulting in a drop in the overall gross profit margin; (ii) the increase in loss resulting from changes in foreign currency exchange rates arose from the depreciation of non-US dollars (such as Euro, British Pound and Japanese Yen, being the currencies of the countries (except the United States) to which the Group sold its products during the Relevant Period) against US dollar of not less than approximately USD 3,000,000, representing an increase of not less than approximately 320% as compared to the corresponding period in 2021; and (iii) the significant increase in staff costs of not less than approximately 70% as compared to the corresponding period in 2021 mainly due to the increase in number of employees of the Group as its business expands. The rise in international freight rate in 2021 had a significant impact on the Group's cost of sales during the second half of the 2021 and the Relevant Period, thereby reducing the Group's gross profit. The international freight rate has dropped in the Relevant Period in 2022, and it is expected that the impact on the Group's gross profit margin caused by the increase in freight rates in 2021 will be alleviated. The Group's gross profit margin rate for the Relevant Period in 2022 increased by approximately 4 to 6 percentage points as compared to the second half of 2021.
お知らせ • Jun 16Vesync Co's Cosori Launches Their First-Ever Compact Smart Air Fryer, Cosori LiteVesync Co's premier kitchen appliance company, COSORI is proud to announce the launch of its newest compact air fryer, the COSORI Lite 4.0-Quart Smart Air Fryer. In addition to COSORI's award-winning line of air fryers, this model is ideal for individuals or couples wanting to cook healthier and more nutritious meals in minutes. The COSORI Lite 4.0-Quart Smart Air Fryer features its trademarked CrispFit™ Technology that locks into place with a slitted vent design for even cooking and safe pouring. It has seven cooking functions with three customizable pre-sets, heats up to 450°F, and is dishwasher safe. The COSORI Lite air fryer also replaces the traditional "egg" shape and double basket design of most older generation air fryers to maximize capacity. It's space-saving size is ideal for small spaces while the 4.0-quart capacity can cook meals up to four people. Through its proprietary VeSync app, consumers are able to access over 150 original recipes, monitor meals, adjust temperature, customize settings, and more. The COSORI Lite is also compatible with Amazon Alexa and Google Assistant, providing additional convenience and accessibility. Combining smart controls with easy to access recipes, this new air fryer is the ideal kitchen assistant. The COSORI Lite is now available on COSORI.com for $99.99, and at Best Buy, Target, and Amazon in charcoal grey with two additional color ways launching in August.
お知らせ • Jun 01+ 1 more updateVesync Co., Ltd Approves Final Ordinary Dividend for the Year Ended December 31, 2021Vesync Co. Ltd. at its AGM held on May 31, 2022 approved final ordinary dividend of HK6.40 cents per share of the Company for the year ended December 31, 2021.
Upcoming Dividend • May 30Upcoming dividend of HK$0.13 per shareEligible shareholders must have bought the stock before 06 June 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (4.1%).
分析記事 • May 07Vesync (HKG:2148) Is Reinvesting At Lower Rates Of ReturnIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Reported Earnings • Apr 29Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: US$0.037 (down from US$0.068 in FY 2020). Revenue: US$454.3m (up 30% from FY 2020). Net income: US$41.6m (down 24% from FY 2020). Profit margin: 9.2% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 26%, compared to a 16% growth forecast for the industry in Hong Kong.
Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Chairperson & CEO Lin Yang is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Felix Fong was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Recent Insider Transactions • Apr 12Executive Chairperson & CEO recently bought HK$2.0m worth of stockOn the 6th of April, Lin Yang bought around 410k shares on-market at roughly HK$4.93 per share. In the last 3 months, they made an even bigger purchase worth HK$21m. Lin has been a buyer over the last 12 months, purchasing a net total of HK$24m worth in shares.
Major Estimate Revision • Apr 07Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$633.2m to US$570.2m. EPS estimate also fell from US$0.08 per share to US$0.05 per share. Net income forecast to grow 46% next year vs 15% growth forecast for Consumer Durables industry in Hong Kong. Consensus price target down from HK$13.17 to HK$7.53. Share price fell 9.0% to HK$4.88 over the past week.
お知らせ • Apr 01Vesync Co., Ltd, Annual General Meeting, May 31, 2022Vesync Co., Ltd, Annual General Meeting, May 31, 2022. Agenda: To recommend the final ordinary dividend.
Reported Earnings • Apr 01Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: US$0.037 (down from US$0.068 in FY 2020). Revenue: US$454.3m (up 30% from FY 2020). Net income: US$41.6m (down 24% from FY 2020). Profit margin: 9.2% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 39%, compared to a 18% growth forecast for the industry in Hong Kong.
お知らせ • Apr 01+ 1 more updateVesync Co., Ltd Announces Ordinary Final Cash Dividend for the Year Ended December 31, 2021, Payable on 28 July 2022Vesync Co. Ltd. announced ordinary final cash dividend of HKD 0.064 per share for the year ended December 31, 2021. Ex-dividend date is 06 June 2022. Record date is 10 June 2022. Payment date is 28 July 2022.
お知らせ • Mar 23Vesync Co., Ltd to Report Fiscal Year 2021 Results on Mar 31, 2022Vesync Co., Ltd announced that they will report fiscal year 2021 results on Mar 31, 2022
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improved over the past weekAfter last week's 25% share price gain to HK$4.91, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 62% over the past year.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to HK$4.61, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 64% over the past year.
Buying Opportunity • Feb 15Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 48%. The fair value is estimated to be US$7.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 85% over the last year. Earnings per share has grown by 93% over the last year.
Recent Insider Transactions • Feb 06Executive Chairperson & CEO recently bought HK$21m worth of stockOn the 28th of January, Lin Yang bought around 3m shares on-market at roughly HK$7.04 per share. This was the largest purchase by an insider in the last 3 months. This was Lin's only on-market trade for the last 12 months.
分析記事 • Jan 28Be Wary Of Vesync (HKG:2148) And Its Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to HK$6.75, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Consumer Durables industry in Hong Kong. Total loss to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at HK$7.40 per share.
お知らせ • Dec 14Vesync Will Showcase Their Smart Home Ecosystem At CES 2022VeSync will be showcasing select products at the 2022 Consumer Electronics Show (CES), highlighting the brand's new focus of helping families across the globe build out their smart home ecosystems. All three VeSync brands - Levoit, the number one selling air purifier brand in the United States, Cosori, the number one selling air fryer brand and Etekcity, the number one smart fitness scale brand - are connected through the proprietary VeSync app, which unites its smart products across the brands to help users build more connected lifestyles. From January 5 through January 8, CES attendees can experience and learn more about VeSync's innovative products across all three brands. Located at Booth #52113, attendees will experience an interactive smart home setup where guests can test, connect and explore. At CES 2022, VeSync will launch and demo three new products, highlighting incorporation of smart home technologies across brands. The Cosori Dual Blaze Air Fryer, available for ($179.99) on Amazon, features 12 customizable functions in one air fryer. With the smart control technology, users are able to control the air fryer remotely, monitor cooking progress and activate voice control with Amazon through the VeSync app. The air fryer also has patented 360 ThermolQ Technology which allows the food to cook evenly without needing to shake or flip. The Levoit Core 600S Smart True HEPA Air Purifier, the newest model in the Core Series, will be available for ($299.99) at Levoit.com and Amazon. With a 3-stage filtration process, the purifier filters and traps 99.97% of airborne particles 0.3 microns in size, allowing it to purify up to 3,177 square feet in as little as one hour. The smart technology gives real-time air quality readings, allows users to control settings, create schedules, and access voice assistances such as Amazon Alexa to customize their indoor air quality. In auto mode, the purifier will utilize self-adjusting fans that adapt speeds according to the room's air quality. The Core 600S also features Eco Auto Mode which helps conserve energy, by turning off the purifier if the air quality levels are excellent. The mode also incorporates a new light sensor which automatically turns off the display when not in use. The Levoit EverestAir, is the newest air purifier by Levoit. Slated to launch in Spring of 2022, the Levoit Everest Air is not yet available to the public but will be exclusively demoed at CES 2022. The Everest Air will feature rotating vents that oscillate air flow, 3-stage filtration system with H13 true HEPA filter and HEPASmart™ Technology, and provide real-time AQI readings with AirSight Plus Technology. The CES demonstrations will allow guests the opportunity to test and learn about the Levoit Everest Air ahead of its official release.
分析記事 • Nov 04An Intrinsic Calculation For Vesync Co., Ltd (HKG:2148) Suggests It's 50% UndervaluedDoes the November share price for Vesync Co., Ltd ( HKG:2148 ) reflect what it's really worth? Today, we will estimate...
Reported Earnings • Sep 01First half 2021 earnings released: EPS US$0.028 (vs US$0.027 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: US$199.3m (up 54% from 1H 2020). Net income: US$32.0m (up 42% from 1H 2020). Profit margin: 16% (down from 17% in 1H 2020). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Aug 19Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$11.38, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 11x in the Consumer Durables industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$10.67 per share.
Valuation Update With 7 Day Price Move • Jul 27Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$9.30, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Consumer Durables industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$10.46 per share.
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improved over the past weekAfter last week's 16% share price gain to US$11.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Consumer Durables industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$10.20 per share.
分析記事 • Jun 19Estimating The Intrinsic Value Of Vesync Co., Ltd (HKG:2148)Does the June share price for Vesync Co., Ltd ( HKG:2148 ) reflect what it's really worth? Today, we will estimate the...
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to US$10.08, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Consumer Durables industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$10.17 per share.
お知らせ • May 22Vesync Co., Ltd Approves Final Dividend for the Year Ended 31 December 2020Vesync Co. Ltd. approved final dividend of 12.74 Hong Kong cents per share for the year ended 31 December 2020.
Valuation Update With 7 Day Price Move • May 10Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to US$10.22, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Consumer Durables industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$10.12 per share.
分析記事 • Apr 27We Think That There Are Issues Underlying Vesync's (HKG:2148) EarningsVesync Co., Ltd's ( HKG:2148 ) robust earnings report didn't manage to move the market for its stock. We did some...
Reported Earnings • Apr 24Full year 2020 earnings released: EPS US$0.068 (vs US$0.008 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$348.9m (up 103% from FY 2019). Net income: US$54.7m (up US$48.4m from FY 2019). Profit margin: 16% (up from 3.7% in FY 2019). The increase in margin was driven by higher revenue.
Reported Earnings • Mar 31Full year 2020 earnings released: EPS US$0.068 (vs US$0.008 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$348.9m (up 103% from FY 2019). Net income: US$54.7m (up US$48.4m from FY 2019). Profit margin: 16% (up from 3.7% in FY 2019). The increase in margin was driven by higher revenue.
分析記事 • Mar 18Is Vesync Co., Ltd's (HKG:2148) Shareholder Ownership Skewed Towards Insiders?The big shareholder groups in Vesync Co., Ltd ( HKG:2148 ) have power over the company. Generally speaking, as a...
お知らせ • Mar 18Vesync Co., Ltd to Report Fiscal Year 2020 Results on Mar 29, 2021Vesync Co., Ltd announced that they will report fiscal year 2020 results on Mar 29, 2021
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 30% share price decline to US$14.00, the stock is trading at a trailing P/E ratio of 56.5x, down from the previous P/E ratio of 80.3x. This compares to an average P/E of 10x in the Consumer Durables industry in Hong Kong.
Valuation Update With 7 Day Price Move • Feb 13Investor sentiment improved over the past weekAfter last week's 21% share price gain to US$17.60, the stock is trading at a trailing P/E ratio of 71.1x, up from the previous P/E ratio of 58.9x. This compares to an average P/E of 10x in the Consumer Durables industry in Hong Kong.
