Declared Dividend • 28m
Final dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 27th July 2026 Payment date: 7th August 2026 Dividend yield will be 3.2%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but not covered by cash flows (167% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 21% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • 23h
Full year 2026 earnings released: EPS: US$0.53 (vs US$0.62 in FY 2025) Full year 2026 results: EPS: US$0.53 (down from US$0.62 in FY 2025). Revenue: US$2.03b (down 6.9% from FY 2025). Net income: US$134.1m (down 14% from FY 2025). Profit margin: 6.6% (down from 7.2% in FY 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 32% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. 공시 • 23h
Vtech Holdings Limited, Annual General Meeting, Jul 23, 2026 Vtech Holdings Limited, Annual General Meeting, Jul 23, 2026. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. Independent Non-executive Director Jie Gan was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 공시 • May 07
Vtech Holdings Limited to Report Fiscal Year 2026 Results on May 21, 2026 Vtech Holdings Limited announced that they will report fiscal year 2026 results on May 21, 2026 공시 • Oct 31
Vtech Holdings Limited to Report Q2, 2026 Results on Nov 13, 2025 Vtech Holdings Limited announced that they will report Q2, 2026 results on Nov 13, 2025 공시 • Jul 17
Vtech Holdings Limited Approves Final Dividend for the Year Ended 31 March 2025, Payable on 30 August 2025 Vtech Holdings Limited approved final dividend for the year ended 31 March 2025 of USD 0.44 per share. Ex-dividend date 17 July 2025, Record date 21 July 2025 and Payment date 30 August 2025. Date of shareholders' approval is 15 July 2025. 공시 • May 14
Vtech Holdings Limited, Annual General Meeting, Jul 15, 2025 Vtech Holdings Limited, Annual General Meeting, Jul 15, 2025. 공시 • May 01
Vtech Holdings Limited to Report Fiscal Year 2025 Results on May 14, 2025 Vtech Holdings Limited announced that they will report fiscal year 2025 results on May 14, 2025 공시 • Mar 12
Vtech Holdings Limited Announces Appointment of Gan Jie as Member of Nomination Committee, Effective March 13, 2025 The board of directors of VTech Holdings Limited announced that Professor GAN Jie, an Independent Non-executive Director and a member of the audit committee of the company, has been appointed as a member of the nomination committee of the company (the Nomination Committee) with effect from 13 March 2025. Reported Earnings • Nov 15
First half 2025 earnings released: EPS: US$0.35 (vs US$0.37 in 1H 2024) First half 2025 results: EPS: US$0.35 (down from US$0.37 in 1H 2024). Revenue: US$1.09b (down 4.5% from 1H 2024). Net income: US$87.4m (down 6.6% from 1H 2024). Profit margin: 8.0% (down from 8.2% in 1H 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Declared Dividend • Nov 14
First half dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 5th December 2024 Payment date: 18th December 2024 Dividend yield will be 7.4%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 16% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.3% EPS decline seen over the last 5 years. 공시 • Oct 31
Vtech Holdings Limited to Report First Half, 2025 Results on Nov 12, 2024 Vtech Holdings Limited announced that they will report first half, 2025 results on Nov 12, 2024 공시 • Jul 26
Vtech Holdings Limited Approves Final Dividend for the Year Ended 31 March 2024, Payable on 08 August 2024 Vtech Holdings Limited approved final dividend for the year ended 31 March 2024 of USD 0.48 per share. Ex-dividend date 26 July 2024, Record date 30 July 2024 and Payment date 08 August 2024. Date of shareholders' approval
is 24 July 2024. Upcoming Dividend • Jul 19
Upcoming dividend of US$0.48 per share Eligible shareholders must have bought the stock before 26 July 2024. Payment date: 08 August 2024. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 9.3%. Within top quartile of Hong Kong dividend payers (8.0%). Higher than average of industry peers (3.4%). Buy Or Sell Opportunity • Jul 17
Now 22% undervalued Over the last 90 days, the stock has risen 29% to HK$55.75. The fair value is estimated to be HK$71.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.4% over the last 3 years. Earnings per share has declined by 10%. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: US$0.66 (vs US$0.59 in FY 2023) Full year 2024 results: EPS: US$0.66 (up from US$0.59 in FY 2023). Revenue: US$2.15b (down 4.3% from FY 2023). Net income: US$166.6m (up 12% from FY 2023). Profit margin: 7.8% (up from 6.7% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 11% per year. Buy Or Sell Opportunity • Jun 06
Now 20% undervalued Over the last 90 days, the stock has risen 23% to HK$56.25. The fair value is estimated to be HK$70.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.4% over the last 3 years. Earnings per share has declined by 10%. Declared Dividend • May 23
Final dividend of US$0.48 announced Shareholders will receive a dividend of US$0.48. Ex-date: 26th July 2024 Payment date: 8th August 2024 Dividend yield will be 3.3%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. 공시 • May 23
Vtech Holdings Limited, Annual General Meeting, Jul 24, 2024 Vtech Holdings Limited, Annual General Meeting, Jul 24, 2024. Reported Earnings • May 22
Full year 2024 earnings released: EPS: US$0.66 (vs US$0.59 in FY 2023) Full year 2024 results: EPS: US$0.66 (up from US$0.59 in FY 2023). Revenue: US$2.15b (down 4.3% from FY 2023). Net income: US$166.6m (up 12% from FY 2023). Profit margin: 7.8% (up from 6.7% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 14% per year. 공시 • May 10
Vtech Holdings Limited to Report Fiscal Year 2024 Final Results on May 21, 2024 Vtech Holdings Limited announced that they will report fiscal year 2024 final results on May 21, 2024 Upcoming Dividend • Nov 30
Upcoming dividend of US$0.17 per share at 10.0% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 20 December 2023. Payout ratio and cash payout ratio are on the higher end at 93% and 81% respectively. Trailing yield: 10.0%. Within top quartile of Hong Kong dividend payers (8.3%). Higher than average of industry peers (2.4%). Reported Earnings • Nov 17
First half 2024 earnings released: EPS: US$0.37 (vs US$0.33 in 1H 2023) First half 2024 results: EPS: US$0.37 (up from US$0.33 in 1H 2023). Revenue: US$1.14b (down 2.1% from 1H 2023). Net income: US$93.6m (up 14% from 1H 2023). Profit margin: 8.2% (up from 7.0% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Communications industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 9% per year. 공시 • Nov 02
Vtech Holdings Limited to Report First Half, 2024 Results on Nov 15, 2023 Vtech Holdings Limited announced that they will report first half, 2024 results on Nov 15, 2023 공시 • Jul 23
Vtech Holdings Limited Approves Final Dividend for the Year Ended 31 March 2023, Payment Date Is 03 August 2023 Vtech Holdings Limited approved final dividend for the year ended 31 March 2023 of USD 0.42 per share. Ex-dividend date 21 July 2023, Record date 25 July 2023 and Payment date 03 August 2023. Date of shareholders' approvalis 19 July 2023. Upcoming Dividend • Jul 14
Upcoming dividend of US$0.42 per share at 8.9% yield Eligible shareholders must have bought the stock before 21 July 2023. Payment date: 03 August 2023. Payout ratio and cash payout ratio are on the higher end at 100% and 81% respectively. Trailing yield: 8.9%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (2.7%). Reported Earnings • Jun 16
Full year 2023 earnings released: EPS: US$0.59 (vs US$0.69 in FY 2022) Full year 2023 results: EPS: US$0.59 (down from US$0.69 in FY 2022). Revenue: US$2.24b (down 5.4% from FY 2022). Net income: US$149.2m (down 14% from FY 2022). Profit margin: 6.7% (down from 7.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Communications industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. 공시 • May 19
Vtech Holdings Limited, Annual General Meeting, Jul 19, 2023 Vtech Holdings Limited, Annual General Meeting, Jul 19, 2023. Agenda: To consider final dividend in respect of the year ended 31 March 2023. Reported Earnings • May 18
Full year 2023 earnings released: EPS: US$0.59 (vs US$0.69 in FY 2022) Full year 2023 results: EPS: US$0.59 (down from US$0.69 in FY 2022). Revenue: US$2.24b (down 5.4% from FY 2022). Net income: US$149.2m (down 14% from FY 2022). Profit margin: 6.7% (down from 7.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Communications industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. 공시 • May 06
Vtech Holdings Limited to Report Fiscal Year 2023 Results on May 17, 2023 Vtech Holdings Limited announced that they will report fiscal year 2023 results on May 17, 2023 Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Non-Executive Director William Wong was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Nov 25
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 02 December 2022. Payment date: 15 December 2022. Payout ratio is on the higher end at 96%, and the cash payout ratio is above 100%. Trailing yield: 11%. Within top quartile of Hong Kong dividend payers (9.0%). Higher than average of industry peers (2.5%). Reported Earnings • Nov 16
First half 2023 earnings released: EPS: US$0.33 (vs US$0.30 in 1H 2022) First half 2023 results: EPS: US$0.33 (up from US$0.30 in 1H 2022). Revenue: US$1.16b (up 4.5% from 1H 2022). Net income: US$82.0m (up 6.6% from 1H 2022). Profit margin: 7.0% (up from 6.9% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 13% growth forecast for the Communications industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jul 08
Upcoming dividend of US$0.51 per share Eligible shareholders must have bought the stock before 15 July 2022. Payment date: 28 July 2022. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 8.8%. Within top quartile of Hong Kong dividend payers (7.9%). Higher than average of industry peers (2.5%). Reported Earnings • May 17
Full year 2022 earnings released: EPS: US$0.69 (vs US$0.92 in FY 2021) Full year 2022 results: EPS: US$0.69 (down from US$0.92 in FY 2021). Revenue: US$2.37b (flat on FY 2021). Net income: US$172.7m (down 25% from FY 2021). Profit margin: 7.3% (down from 9.7% in FY 2021). Over the next year, revenue is forecast to grow 4.2%, compared to a 15% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 04
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: US$0.30 (down from US$0.49 in 1H 2021). Revenue: US$1.11b (flat on 1H 2021). Net income: US$76.9m (down 38% from 1H 2021). Profit margin: 6.9% (down from 11% in 1H 2021). Revenue exceeded analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 1.7%, compared to a 26% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 29
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 06 December 2021. Payment date: 17 December 2021. Trailing yield: 11%. Within top quartile of Hong Kong dividend payers (7.1%). Higher than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$64.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 25x in the Communications industry in Asia. Total loss to shareholders of 10% over the past three years. Upcoming Dividend • Jul 08
Upcoming dividend of US$0.74 per share Eligible shareholders must have bought the stock before 15 July 2021. Payment date: 28 July 2021. Trailing yield: 8.7%. Within top quartile of Hong Kong dividend payers (6.2%). Higher than average of industry peers (2.1%). Reported Earnings • Jun 09
Full year 2021 earnings released: EPS US$0.92 (vs US$0.76 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: US$2.37b (up 9.5% from FY 2020). Net income: US$230.9m (up 21% from FY 2020). Profit margin: 9.7% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 18% share price gain to US$81.20, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 23x in the Communications industry in Asia. Total returns to shareholders of 5.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$129 per share. Reported Earnings • May 19
Full year 2021 earnings released: EPS US$0.92 (vs US$0.76 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: US$2.37b (up 9.5% from FY 2020). Net income: US$230.9m (up 21% from FY 2020). Profit margin: 9.7% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 06
New 90-day high: HK$69.00 The company is up 17% from its price of HK$59.00 on 04 December 2020. The Hong Kong market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$117 per share. Is New 90 Day High Low • Jan 27
New 90-day high: HK$64.25 The company is up 25% from its price of HK$51.45 on 30 October 2020. The Hong Kong market is up 19% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Communications industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$115 per share. Is New 90 Day High Low • Jan 11
New 90-day high: HK$63.85 The company is up 25% from its price of HK$51.20 on 14 October 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$115 per share. Reported Earnings • Nov 29
First half 2021 earnings released: EPS US$0.49 The company reported a decent first half result with improved earnings, although revenues and profit margins were flat. First half 2021 results: Revenue: US$1.12b (flat on 1H 2020). Net income: US$123.6m (up 4.7% from 1H 2020). Profit margin: 11% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Nov 24
Upcoming Dividend of US$0.17 Per Share Will be paid on the 14th of December to those who are registered shareholders by the 1st of December. The trailing yield of 6.9% is in the top quartile of Hong Kong dividend payers (6.7%), and it is higher than industry peers (1.7%). Is New 90 Day High Low • Nov 24
New 90-day high: HK$63.55 The company is up 42% from its price of HK$44.70 on 26 August 2020. The Hong Kong market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$107 per share. Reported Earnings • Nov 13
First half 2021 earnings released: EPS US$0.49 The company reported a decent first half result with improved earnings, although revenues and profit margins were flat. First half 2021 results: Revenue: US$1.12b (flat on 1H 2020). Net income: US$123.6m (up 4.7% from 1H 2020). Profit margin: 11% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 24
New 90-day high: HK$52.95 The company is up 23% from its price of HK$43.00 on 24 July 2020. The Hong Kong market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Communications industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$78.27 per share. Is New 90 Day High Low • Oct 06
New 90-day high: HK$51.75 The company is up 11% from its price of HK$46.80 on 08 July 2020. The Hong Kong market is down 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Communications industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$79.67 per share.