SZSE:002920

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Huizhou Desay SV Automotive

Executive Summary

Huizhou Desay SV Automotive Co., Ltd. engages in the research, development, manufacture, and sale of automotive electronic products in China and internationally. More Details


Snowflake Analysis

Flawless balance sheet with high growth potential.

Share Price & News

How has Huizhou Desay SV Automotive's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002920 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 002920's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of CN stocks.


Market Performance


7 Day Return

19.0%

2920

2.2%

CN Consumer Durables

2.9%

CN Market


1 Year Return

257.5%

2920

46.5%

CN Consumer Durables

31.8%

CN Market

Return vs Industry: 002920 exceeded the CN Consumer Durables industry which returned 46.5% over the past year.

Return vs Market: 002920 exceeded the CN Market which returned 31.8% over the past year.


Shareholder returns

2920IndustryMarket
7 Day19.0%2.2%2.9%
30 Day64.6%11.5%7.2%
90 Day94.3%23.5%11.5%
1 Year259.0%257.5%49.8%46.5%34.0%31.8%
3 Year222.8%216.2%39.3%31.3%23.1%17.0%
5 Yearn/a160.5%137.0%51.6%41.1%

Long-Term Price Volatility Vs. Market

How volatile is Huizhou Desay SV Automotive's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Huizhou Desay SV Automotive undervalued compared to its fair value and its price relative to the market?

144.91x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002920 (CN¥122.99) is trading above our estimate of fair value (CN¥37.81)

Significantly Below Fair Value: 002920 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002920 is poor value based on its PE Ratio (144.9x) compared to the CN Consumer Durables industry average (31.3x).

PE vs Market: 002920 is poor value based on its PE Ratio (144.9x) compared to the CN market (35.1x).


Price to Earnings Growth Ratio

PEG Ratio: 002920 is poor value based on its PEG Ratio (4.2x)


Price to Book Ratio

PB vs Industry: 002920 is overvalued based on its PB Ratio (15.3x) compared to the CN Consumer Durables industry average (3.1x).


Next Steps

Future Growth

How is Huizhou Desay SV Automotive forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

34.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002920's forecast earnings growth (34.5% per year) is above the savings rate (3.3%).

Earnings vs Market: 002920's earnings (34.5% per year) are forecast to grow faster than the CN market (24.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 002920's revenue (24.2% per year) is forecast to grow faster than the CN market (18.3% per year).

High Growth Revenue: 002920's revenue (24.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002920's Return on Equity is forecast to be low in 3 years time (16.4%).


Next Steps

Past Performance

How has Huizhou Desay SV Automotive performed over the past 5 years?

-11.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002920 has a large one-off gain of CN¥107.5M impacting its September 30 2020 financial results.

Growing Profit Margin: 002920's current net profit margins (7.7%) are higher than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: 002920's earnings have declined by 11.3% per year over the past 5 years.

Accelerating Growth: 002920's earnings growth over the past year (111.2%) exceeds its 5-year average (-11.3% per year).

Earnings vs Industry: 002920 earnings growth over the past year (111.2%) exceeded the Consumer Durables industry 6.7%.


Return on Equity

High ROE: 002920's Return on Equity (10.6%) is considered low.


Next Steps

Financial Health

How is Huizhou Desay SV Automotive's financial position?


Financial Position Analysis

Short Term Liabilities: 002920's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥1.8B).

Long Term Liabilities: 002920's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥348.0M).


Debt to Equity History and Analysis

Debt Level: 002920's debt to equity ratio (0.08%) is considered satisfactory.

Reducing Debt: 002920's debt to equity ratio has reduced from 76.7% to 0.08% over the past 5 years.

Debt Coverage: 002920's debt is well covered by operating cash flow (9295.7%).

Interest Coverage: 002920 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Huizhou Desay SV Automotive current dividend yield, its reliability and sustainability?

0.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002920's dividend (0.16%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 002920's dividend (0.16%) is low compared to the top 25% of dividend payers in the CN market (1.81%).


Stability and Growth of Payments

Stable Dividend: 002920 is not paying a notable dividend for the CN market, therefore no need to check if payments are stable.

Growing Dividend: 002920 is not paying a notable dividend for the CN market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 002920 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 002920's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.6yrs

Average management tenure


CEO

Dapeng Gao (43 yo)

5.58yrs

Tenure

Mr. Dapeng Gao has been the Gereral Manager of Huizhou Desay SV Automotive Co., Ltd. since June 2015. Mr. Gao has been non-independent Director of Huizhou Desay SV Automotive Co., Ltd. since March 2017. He...


Leadership Team

NamePositionTenureCompensationOwnership
Dapeng Gao
GM & Non-Independent Director5.58yrsno datano data
Wei Tan
CFO & Secretary of the Board of Directors5.58yrsno datano data
Jian Ling
GM of Manufacturing Center & Member of the Supervisory Board5.58yrsno datano data

5.6yrs

Average Tenure

43yo

Average Age

Experienced Management: 002920's management team is seasoned and experienced (5.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dapeng Gao
GM & Non-Independent Director5.58yrsno datano data
Jian Ling
GM of Manufacturing Center & Member of the Supervisory Board5.58yrsno datano data
Jie Jiang
Non-Independent Director18.75yrsno datano data
Xiaoping Bai
Non-Independent Director11yrsno datano data
Zhiwu Xia
Non-Independent Director11yrsno datano data
Choon Tan
Chairman of the Board12.25yrsno datano data
Bingbing Li
Non-Independent Director11yrsno datano data
Xuezhi Zeng
Independent Director5.42yrsno datano data
Chunge Li
Independent Director5.42yrsno datano data
Tao Mei
Independent Director4.08yrsno datano data
Shihong Luo
Chairman of the Supervisory Board5.58yrsno datano data
Xiaohai Yu
Non-Employee Supervisor5.58yrsno datano data

5.6yrs

Average Tenure

52.5yo

Average Age

Experienced Board: 002920's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Huizhou Desay SV Automotive Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Huizhou Desay SV Automotive Co., Ltd.
  • Ticker: 2920
  • Exchange: SZSE
  • Founded: 1986
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: CN¥67.645b
  • Shares outstanding: 550.00m
  • Website: https://www.desaysv.com

Number of Employees


Location

  • Huizhou Desay SV Automotive Co., Ltd.
  • 103, Hechang 5th Road West
  • Zhongkai National Hi-tech Industrial Development Zone
  • Huizhou
  • Guangdong Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2920SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYDec 2017
2920XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYDec 2017

Biography

Huizhou Desay SV Automotive Co., Ltd. engages in the research, development, manufacture, and sale of automotive electronic products in China and internationally. It offers in-vehicle infotainment systems, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 09:23
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.