SZSE:002415

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Hangzhou Hikvision Digital Technology

Executive Summary

Hangzhou Hikvision Digital Technology Co., Ltd.


Snowflake Analysis

6 star dividend payer with excellent balance sheet.


Similar Companies

Share Price & News

How has Hangzhou Hikvision Digital Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002415's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.8%

2415

6.1%

CN Electronic

2.7%

CN Market


1 Year Return

20.8%

2415

47.6%

CN Electronic

17.2%

CN Market

Return vs Industry: 002415 underperformed the CN Electronic industry which returned 45.8% over the past year.

Return vs Market: 002415 exceeded the CN Market which returned 16.6% over the past year.


Shareholder returns

2415IndustryMarket
7 Day0.8%6.1%2.7%
30 Day-10.7%1.6%3.3%
90 Day-18.7%-8.5%-2.9%
1 Year23.9%20.8%48.9%47.6%19.1%17.2%
3 Year3.1%-3.1%20.1%17.0%3.3%-1.1%
5 Year48.7%36.5%-21.9%-24.2%-39.6%-43.0%

Price Volatility Vs. Market

How volatile is Hangzhou Hikvision Digital Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Hangzhou Hikvision Digital Technology undervalued compared to its fair value and its price relative to the market?

21.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002415 (CN¥28.64) is trading above our estimate of fair value (CN¥25)

Significantly Below Fair Value: 002415 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002415 is good value based on its PE Ratio (21.4x) compared to the Electronic industry average (47.1x).

PE vs Market: 002415 is good value based on its PE Ratio (21.4x) compared to the CN market (37.9x).


Price to Earnings Growth Ratio

PEG Ratio: 002415 is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: 002415 is overvalued based on its PB Ratio (5.8x) compared to the CN Electronic industry average (3.8x).


Next Steps

Future Growth

How is Hangzhou Hikvision Digital Technology forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

18.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002415's forecast earnings growth (18.6% per year) is above the savings rate (3.3%).

Earnings vs Market: 002415's earnings (18.6% per year) are forecast to grow slower than the CN market (23.2% per year).

High Growth Earnings: 002415's earnings are forecast to grow, but not significantly.

Revenue vs Market: 002415's revenue (16.7% per year) is forecast to grow faster than the CN market (16.6% per year).

High Growth Revenue: 002415's revenue (16.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002415's Return on Equity is forecast to be high in 3 years time (29.1%)


Next Steps

Past Performance

How has Hangzhou Hikvision Digital Technology performed over the past 5 years?

18.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002415 has a high level of non-cash earnings.

Growing Profit Margin: 002415's current net profit margins (21.7%) are lower than last year (22%).


Past Earnings Growth Analysis

Earnings Trend: 002415's earnings have grown by 18.4% per year over the past 5 years.

Accelerating Growth: 002415's earnings growth over the past year (11.7%) is below its 5-year average (18.4% per year).

Earnings vs Industry: 002415 earnings growth over the past year (11.7%) exceeded the Electronic industry 4.3%.


Return on Equity

High ROE: 002415's Return on Equity (26.6%) is considered high.


Next Steps

Financial Health

How is Hangzhou Hikvision Digital Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 002415's short term assets (CN¥61.3B) exceed its short term liabilities (CN¥19.8B).

Long Term Liabilities: 002415's short term assets (CN¥61.3B) exceed its long term liabilities (CN¥6.3B).


Debt to Equity History and Analysis

Debt Level: 002415's debt to equity ratio (18.1%) is considered satisfactory.

Reducing Debt: 002415's debt to equity ratio has increased from 7.3% to 18.1% over the past 5 years.

Debt Coverage: 002415's debt is well covered by operating cash flow (80.4%).

Interest Coverage: 002415 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Hangzhou Hikvision Digital Technology's current dividend yield, its reliability and sustainability?

2.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002415's dividend (2.44%) is higher than the bottom 25% of dividend payers in the CN market (0.42%).

High Dividend: 002415's dividend (2.44%) is in the top 25% of dividend payers in the CN market (1.88%)


Stability and Growth of Payments

Stable Dividend: 002415's dividends per share have been stable in the past 10 years.

Growing Dividend: 002415's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.3%), 002415's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 002415's dividends in 3 years are forecast to be covered by earnings (51.1% payout ratio).


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Yangzhong Hu (54yo)

18.5yrs

Tenure

CN¥3,089,000

Compensation

Mr. Yangzhong Hu has been General Manager of Hangzhou HIKVISION Digital Technology Co. Ltd. since December 2001. Mr. Hu has been an Executive Director of Hangzhou HIKVISION Digital Technology Co. Ltd sinc ...


Leadership Team

NamePositionTenureCompensationOwnership
Yangzhong Hu
GM & Executive Director18.5yrsCN¥3.09m1.95% CN¥5.2b
Yan Jin
CFO, Senior Deputy GM & Chief Accountant4.92yrsCN¥2.49m0.0030% CN¥8.1m
Weiqi Wu
Standing Deputy GM & Executive Director17.25yrsCN¥2.94m0.12% CN¥325.7m
Yufeng Jiang
Senior Deputy General Manager14.5yrsCN¥2.41m0.0035% CN¥9.3m
Hongli He
Senior Deputy General Manager14.5yrsCN¥2.79m0.0036% CN¥9.5m
Baijun Fu
Senior Deputy General Manager11.42yrsCN¥2.41m0.0053% CN¥14.2m
Junke Chen
Senior Deputy General Manager2.25yrsCN¥2.39mno data
Duo Jin
Senior Deputy General Manager5.25yrsCN¥2.49m0.0012% CN¥3.1m
Changyang Cai
Senior Deputy General Manager4.17yrsCN¥2.42m0.0012% CN¥3.1m
Ximing Xu
Senior Deputy General Manager3.67yrsCN¥4.19m0.0021% CN¥5.6m

5.3yrs

Average Tenure

48yo

Average Age

Experienced Management: 002415's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yangzhong Hu
GM & Executive Director18.5yrsCN¥3.09m1.95% CN¥5.2b
Weiqi Wu
Standing Deputy GM & Executive Director17.25yrsCN¥2.94m0.12% CN¥325.7m
Hongjia Gong
Vice Chairman12yrsno data13.43% CN¥35.9b
Tianfeng Hong
Independent Director3.5yrsCN¥300.00kno data
Zongnian Chen
Chairman of the Board12yrsno datano data
Huifang Cheng
Supervisor Chairman5.25yrsCN¥31.30kno data
Zhidong Wang
Independent Director5.25yrsCN¥300.00kno data
Tianzong Cheng
Independent Director5.25yrsCN¥300.00kno data
Jianzhong Lu
Independent Director5.25yrsCN¥300.00kno data
Liyang Qu
Non-Independent Director2.25yrsno data0.00017% CN¥455.0k

5.3yrs

Average Tenure

54.5yo

Average Age

Experienced Board: 002415's board of directors are considered experienced (5.3 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

Hangzhou Hikvision Digital Technology Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hangzhou Hikvision Digital Technology Co., Ltd.
  • Ticker: 2415
  • Exchange: SZSE
  • Founded: 2001
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CN¥267.641b
  • Shares outstanding: 9.35b
  • Website: https://www.hikvision.com

Number of Employees


Location

  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • No. 555 Qianmo Road
  • Binjiang District
  • Hangzhou
  • Zhejiang Province
  • 310051
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2415SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYMay 2010
2415XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYMay 2010

Biography

Hangzhou Hikvision Digital Technology Co., Ltd. provides video-centered intelligent Internet of Things solutions and big data services worldwide. The company offers network cameras, PTZ cameras, explosion-proof and anti-corrosion series products, network video recorders, data center and storage products, and power-over-Ethernet and Wi-Fi kits; and turbo HD cameras, DVRs, and PTZ cameras. It also provides transmission and display products, including commercial displays, monitors, network switches, decoders, cables, and controllers and transmission products; mobile digital and network video recorders, portable products, and mobile network cameras; and intelligent traffic products, such as signal control, AID, traffic flow, entrance and exit management, traffic cameras, checkpoint, smart surveillance, intersection violation, parking guidance, and road management systems. In addition, the company offers access control products comprising readers, fingerprint terminals, card terminals, face recognition terminals, controllers, turnstiles, electrical locks, and fingerprint products kits; video intercom products; security, thermography, and commercial vision thermal cameras; and perimeter protection, emergency alarm, security radars, and intrusion detectors and alarm panels. Further, it provides mobile, CCTV, traffic, access control, transmission and display, and video intercom product accessories; and HiLook IP, turbo HD, and transmission products. Additionally, the company offers Hik-Connect mobile software; HikCentral, a video surveillance platform; and iVMS-4200, an intelligent video management software. It serves the public security, transportation, retail, education, healthcare, financial institutions, intelligent buildings, and other markets. The company was founded in 2001 and is headquartered in Hangzhou, the People’s Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 16:35
End of Day Share Price2020/06/04 00:00
Earnings2020/03/31
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.