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3006

Yealink Network Technology SZSE:300628 Stock Report

Last Price

CN¥62.55

Market Cap

CN¥56.4b

7D

-8.0%

1Y

-21.9%

Updated

24 Sep, 2022

Data

Company Financials +
300628 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth6/6
Past Performance4/6
Financial Health6/6
Dividends3/6

300628 Stock Overview

Yealink Network Technology Co., Ltd. provides voice conferencing, voice communications, and collaboration solutions worldwide.

Yealink Network Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Yealink Network Technology
Historical stock prices
Current Share PriceCN¥62.55
52 Week HighCN¥88.19
52 Week LowCN¥62.13
Beta0.34
1 Month Change-12.00%
3 Month Change-16.32%
1 Year Change-21.89%
3 Year Change52.44%
5 Year Change143.96%
Change since IPO487.88%

Recent News & Updates

Shareholder Returns

300628CN CommunicationsCN Market
7D-8.0%-3.4%-1.9%
1Y-21.9%-16.3%-18.6%

Return vs Industry: 300628 underperformed the CN Communications industry which returned -16.3% over the past year.

Return vs Market: 300628 underperformed the CN Market which returned -18.6% over the past year.

Price Volatility

Is 300628's price volatile compared to industry and market?
300628 volatility
300628 Average Weekly Movement5.0%
Communications Industry Average Movement6.1%
Market Average Movement5.8%
10% most volatile stocks in CN Market9.3%
10% least volatile stocks in CN Market3.7%

Stable Share Price: 300628 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 300628's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20011,736Lian Chang Zhanghttps://www.yealink.com

Yealink Network Technology Co., Ltd. provides voice conferencing, voice communications, and collaboration solutions worldwide. The company’s product portfolio include video conferencing (VC) systems, such as meeting servers, VC room systems, USB room cameras, video phones, PC desktop software, VC mobile app, and VC cloud management platform; voice communication products, including conference phones, DECT phones and systems, and other phones; and personal collaboration products comprising speakerphones, headsets, webcams, USB BYODs, and USB device management software. Its product portfolio also comprise Zoom rooms kits; wireless presentation systems; various accessories and cameras; and other products, as well as various products for Microsoft Teams and Skype for business.

Yealink Network Technology Fundamentals Summary

How do Yealink Network Technology's earnings and revenue compare to its market cap?
300628 fundamental statistics
Market CapCN¥56.44b
Earnings (TTM)CN¥1.95b
Revenue (TTM)CN¥4.37b

29.0x

P/E Ratio

12.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
300628 income statement (TTM)
RevenueCN¥4.37b
Cost of RevenueCN¥1.70b
Gross ProfitCN¥2.67b
Other ExpensesCN¥723.64m
EarningsCN¥1.95b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.16
Gross Margin61.08%
Net Profit Margin44.53%
Debt/Equity Ratio0%

How did 300628 perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

37%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 300628 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 300628?

Other financial metrics that can be useful for relative valuation.

300628 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue11.9x
Enterprise Value/EBITDA27.4x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does 300628's PE Ratio compare to its peers?

300628 PE Ratio vs Peers
The above table shows the PE ratio for 300628 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.3x
600487 Hengtong Optic-Electric
25.7x25.9%CN¥41.7b
14.5x12.8%CN¥99.3b
603712 TianJin 712 Communication & Broadcasting
36.2x29.0%CN¥26.6b
300308 Zhongji Innolight
20.9x21.1%CN¥21.5b
300628 Yealink Network Technology
29x26.3%CN¥56.4b

Price-To-Earnings vs Peers: 300628 is expensive based on its Price-To-Earnings Ratio (29x) compared to the peer average (24.3x).


Price to Earnings Ratio vs Industry

How does 300628's PE Ratio compare vs other companies in the CN Communications Industry?

Price-To-Earnings vs Industry: 300628 is good value based on its Price-To-Earnings Ratio (29x) compared to the CN Communications industry average (32.7x)


Price to Earnings Ratio vs Fair Ratio

What is 300628's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

300628 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29x
Fair PE Ratio35.5x

Price-To-Earnings vs Fair Ratio: 300628 is good value based on its Price-To-Earnings Ratio (29x) compared to the estimated Fair Price-To-Earnings Ratio (35.5x).


Share Price vs Fair Value

What is the Fair Price of 300628 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 300628 (CN¥62.55) is trading below our estimate of fair value (CN¥98.04)

Significantly Below Fair Value: 300628 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Yealink Network Technology forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


26.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 300628's forecast earnings growth (26.3% per year) is above the savings rate (3.2%).

Earnings vs Market: 300628's earnings (26.3% per year) are forecast to grow faster than the CN market (25.9% per year).

High Growth Earnings: 300628's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 300628's revenue (26.3% per year) is forecast to grow faster than the CN market (18.2% per year).

High Growth Revenue: 300628's revenue (26.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 300628's Return on Equity is forecast to be high in 3 years time (29.1%)


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Past Performance

How has Yealink Network Technology performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


22.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 300628 has a high level of non-cash earnings.

Growing Profit Margin: 300628's current net profit margins (44.5%) are lower than last year (44.9%).


Past Earnings Growth Analysis

Earnings Trend: 300628's earnings have grown significantly by 22.3% per year over the past 5 years.

Accelerating Growth: 300628's earnings growth over the past year (35.2%) exceeds its 5-year average (22.3% per year).

Earnings vs Industry: 300628 earnings growth over the past year (35.2%) exceeded the Communications industry 10.9%.


Return on Equity

High ROE: 300628's Return on Equity (29%) is considered high.


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Financial Health

How is Yealink Network Technology's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 300628's short term assets (CN¥6.1B) exceed its short term liabilities (CN¥634.1M).

Long Term Liabilities: 300628's short term assets (CN¥6.1B) exceed its long term liabilities (CN¥15.9M).


Debt to Equity History and Analysis

Debt Level: 300628 is debt free.

Reducing Debt: 300628 had no debt 5 years ago.

Debt Coverage: 300628 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 300628 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Yealink Network Technology current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.28%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 300628's dividend (1.28%) is higher than the bottom 25% of dividend payers in the CN market (0.52%).

High Dividend: 300628's dividend (1.28%) is low compared to the top 25% of dividend payers in the CN market (2.1%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 300628 has been paying a dividend for less than 10 years.

Growing Dividend: 300628's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (37%), 300628's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (75.5%), 300628's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

2.7yrs

Average management tenure


CEO

Lian Chang Zhang (47 yo)

3.08yrs

Tenure

CN¥2,247,500

Compensation

Mr. Lian Chang Zhang is General Manager since August 2019 & Director since March 2015 of Yealink Network Technology Co., Ltd.


Leadership Team

Experienced Management: 300628's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: 300628's board of directors are considered experienced (7.5 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

Top 25 shareholders own 72.61% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
21.53%
Zhisong Chen
194,275,000CN¥12.2b-0.51%no data
16.57%
Zhongyi Wu
149,500,000CN¥9.4b-1.64%no data
10.47%
Rong Fu Lu
94,500,000CN¥5.9b0%no data
7.87%
Jiwei Zhou
71,000,000CN¥4.4b0%no data
5.33%
Xiamen Yealink Network Information Technology Services Co., Ltd.
48,132,898CN¥3.0b-11.25%no data
4.65%
Lian Chang Zhang
42,000,000CN¥2.6b0%no data
1.59%
National Council for Social Security Fund
14,374,806CN¥899.1m0%0.17%
1.16%
E Fund Management Co., Ltd.
10,481,848CN¥655.6m125.39%0.16%
0.54%
China Southern Asset Management Co., Ltd.
4,838,903CN¥302.7m0%0.16%
0.42%
Invesco Great Wall Fund Management Co. Ltd
3,829,452CN¥239.5m0%0.17%
0.31%
China Asset Management Co., Ltd.
2,755,259CN¥172.3m0%0.05%
0.28%
CCB Principal Asset Management Co., Ltd.
2,521,401CN¥157.7m0%0.37%
0.27%
BlackRock, Inc.
2,406,098CN¥150.5m0.77%no data
0.26%
Bosera Asset Management Co., Ltd.
2,377,588CN¥148.7m0%0.13%
0.25%
The Vanguard Group, Inc.
2,259,989CN¥141.4m0%no data
0.22%
GF Fund Management Co., Ltd.
1,977,002CN¥123.7m0%0.05%
0.15%
Tianhong Asset Management Co., Ltd.
1,380,067CN¥86.3m0%0.16%
0.15%
Ping An Fund Management Co., Ltd.
1,332,746CN¥83.4m0%0.31%
0.13%
Guotai Asset Management Co., Ltd.
1,182,302CN¥74.0m0%0.05%
0.13%
Changsheng Fund Management Co., Ltd.
1,166,447CN¥73.0m0%0.64%
0.1%
Hwabao WP Fund Management Co., Ltd
914,163CN¥57.2m0%0.09%
0.067%
Huatai-PineBridge Fund Management Company Limited
600,228CN¥37.5m0%0.04%
0.058%
AZ Investment Management Singapore Ltd.
520,567CN¥32.6m0%0.93%
0.048%
China Post & Capital Fund Management Co., Ltd.
435,000CN¥27.2m0%0.15%
0.046%
First State Cinda Fund Management Co. Ltd.
412,806CN¥25.8m0%0.06%

Company Information

Yealink Network Technology Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Yealink Network Technology Co., Ltd.
  • Ticker: 300628
  • Exchange: SZSE
  • Founded: 2001
  • Industry: Communications Equipment
  • Sector: Tech
  • Implied Market Cap: CN¥56.440b
  • Shares outstanding: 902.31m
  • Website: https://www.yealink.com

Number of Employees


Location

  • Yealink Network Technology Co., Ltd.
  • High Tech Park
  • No.1 Ling-Xia North Road
  • Xiamen
  • Fujian Province
  • 361009
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
300628SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYMar 2017
300628XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYMar 2017

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.