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Hollysys Automation Technologies

DB:46H
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
46H
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People’s Republic of China, Southeast Asia, India, and the Middle East. The last earnings update was 54 days ago. More info.


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46H Share Price and Events
7 Day Returns
12.8%
DB:46H
1.7%
DE Electronic
1.5%
DE Market
1 Year Returns
1.3%
DB:46H
-2%
DE Electronic
-6.2%
DE Market
46H Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hollysys Automation Technologies (46H) 12.8% -0.2% 0.5% 1.3% 3.2% 18.3%
DE Electronic 1.7% 8.1% 19.9% -2% 97.4% 104.1%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • 46H outperformed the Electronic industry which returned -2% over the past year.
  • 46H outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
46H
Industry
5yr Volatility vs Market

46H Value

 Is Hollysys Automation Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hollysys Automation Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hollysys Automation Technologies.

DB:46H Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:46H
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.066 (1 + (1- 25%) (1.83%))
1.054
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.054 * 5.96%)
6.51%

Discounted Cash Flow Calculation for DB:46H using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hollysys Automation Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:46H DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.51%)
2019 95.00 Analyst x1 89.19
2020 83.00 Analyst x2 73.17
2021 91.50 Analyst x2 75.73
2022 85.75 Est @ -6.28% 66.63
2023 82.04 Est @ -4.33% 59.85
2024 79.61 Est @ -2.96% 54.53
2025 78.01 Est @ -2% 50.17
2026 76.97 Est @ -1.34% 46.48
2027 76.31 Est @ -0.87% 43.26
2028 75.89 Est @ -0.54% 40.40
Present value of next 10 years cash flows $599.41
DB:46H DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $75.89 × (1 + 0.23%) ÷ (6.51% – 0.23%)
$1,211.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,211.07 ÷ (1 + 6.51%)10
$644.62
DB:46H Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $599.41 + $644.62
$1,244.03
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,244.03 / 60.34
$20.62
DB:46H Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:46H represents 0.88456x of NasdaqGS:HOLI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88456x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 20.62 x 0.88456
€18.24
Value per share (EUR) From above. €18.24
Current discount Discount to share price of €18.73
= -1 x (€18.73 - €18.24) / €18.24
-2.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Hollysys Automation Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hollysys Automation Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hollysys Automation Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:46H PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.01
NasdaqGS:HOLI Share Price ** NasdaqGS (2019-04-23) in USD $21.17
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.37x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hollysys Automation Technologies.

DB:46H PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:HOLI Share Price ÷ EPS (both in USD)

= 21.17 ÷ 2.01

10.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hollysys Automation Technologies is good value based on earnings compared to the DE Electronic industry average.
  • Hollysys Automation Technologies is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hollysys Automation Technologies's expected growth come at a high price?
Raw Data
DB:46H PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
12%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:46H PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.52x ÷ 12%

0.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hollysys Automation Technologies is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Hollysys Automation Technologies's assets?
Raw Data
DB:46H PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $14.88
NasdaqGS:HOLI Share Price * NasdaqGS (2019-04-23) in USD $21.17
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:46H PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:HOLI Share Price ÷ Book Value per Share (both in USD)

= 21.17 ÷ 14.88

1.42x

* Primary Listing of Hollysys Automation Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hollysys Automation Technologies is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Hollysys Automation Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Hollysys Automation Technologies has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

46H Future Performance

 How is Hollysys Automation Technologies expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hollysys Automation Technologies expected to grow at an attractive rate?
  • Hollysys Automation Technologies's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hollysys Automation Technologies's earnings growth is expected to exceed the Germany market average.
  • Hollysys Automation Technologies's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:46H Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:46H Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 12%
DB:46H Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 12.4%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:46H Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:46H Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 782 122 159 4
2020-06-30 688 99 141 6
2019-06-30 619 74 124 7
DB:46H Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 556 120 122
2018-09-30 564 126 114
2018-06-30 541 125 107
2018-03-31 531 101 101
2017-12-31 502 83 95
2017-09-30 444 88 69
2017-06-30 432 70 69
2017-03-31 442 51 81
2016-12-31 469 47 87
2016-09-30 523 58 110
2016-06-30 544 47 118
2016-03-31 539 118 104

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hollysys Automation Technologies's earnings are expected to grow by 12% yearly, however this is not considered high growth (20% yearly).
  • Hollysys Automation Technologies's revenue is expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:46H Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Hollysys Automation Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:46H Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 2.56 2.67 2.39 3.00
2020-06-30 2.31 2.39 2.21 4.00
2019-06-30 2.08 2.18 2.02 5.00
DB:46H Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.01
2018-09-30 1.88
2018-06-30 1.77
2018-03-31 1.67
2017-12-31 1.57
2017-09-30 1.14
2017-06-30 1.15
2017-03-31 1.35
2016-12-31 1.46
2016-09-30 1.85
2016-06-30 2.00
2016-03-31 1.75

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hollysys Automation Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hollysys Automation Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hollysys Automation Technologies has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

46H Past Performance

  How has Hollysys Automation Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hollysys Automation Technologies's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hollysys Automation Technologies's year on year earnings growth rate has been positive over the past 5 years.
  • Hollysys Automation Technologies's 1-year earnings growth exceeds its 5-year average (28.2% vs 7.2%)
  • Hollysys Automation Technologies's earnings growth has exceeded the DE Electronic industry average in the past year (28.2% vs 18.1%).
Earnings and Revenue History
Hollysys Automation Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hollysys Automation Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:46H Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 556.04 121.61 71.50 36.56
2018-09-30 563.98 113.70 71.80 36.74
2018-06-30 540.77 107.16 73.48 36.61
2018-03-31 531.49 101.10 73.69 36.00
2017-12-31 502.18 94.88 72.42 33.34
2017-09-30 443.91 68.62 70.61 31.04
2017-06-30 431.94 68.94 68.71 30.11
2017-03-31 441.65 80.69 67.81 30.68
2016-12-31 469.14 86.92 70.05 32.95
2016-09-30 522.78 109.90 71.18 36.55
2016-06-30 544.33 118.47 71.47 36.56
2016-03-31 538.85 103.74 72.63 35.49
2015-12-31 538.28 113.53 72.97 36.49
2015-09-30 515.81 99.69 76.93 34.71
2015-06-30 531.38 96.53 77.05 35.78
2015-03-31 548.04 99.11 74.45 36.71
2014-12-31 525.65 77.48 72.88 35.19
2014-09-30 548.76 76.69 69.30 37.32
2014-06-30 521.33 69.62 67.97 36.49
2014-03-31 475.91 60.87 66.55 37.18
2013-12-31 440.42 62.05 64.96 36.69
2013-09-30 374.22 56.80 58.16 32.78
2013-06-30 349.06 51.99 55.89 32.51
2013-03-31 323.74 51.22 52.51 30.38
2012-12-31 329.52 51.57 51.42 28.61
2012-09-30 322.61 58.77 54.26 27.16
2012-06-30 321.70 56.22 53.31 25.55

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hollysys Automation Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hollysys Automation Technologies used its assets more efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Hollysys Automation Technologies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hollysys Automation Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hollysys Automation Technologies has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

46H Health

 How is Hollysys Automation Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hollysys Automation Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hollysys Automation Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hollysys Automation Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hollysys Automation Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 45.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hollysys Automation Technologies Company Filings, last reported 3 months ago.

DB:46H Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 898.06 23.37 439.81
2018-09-30 851.04 23.33 425.53
2018-06-30 842.35 23.92 405.11
2018-03-31 859.53 29.53 384.96
2017-12-31 806.57 29.32 365.45
2017-09-30 752.85 30.11 331.47
2017-06-30 723.54 29.12 293.85
2017-03-31 689.65 28.92 268.83
2016-12-31 667.89 32.54 285.40
2016-09-30 683.28 28.34 260.85
2016-06-30 682.69 30.39 271.46
2016-03-31 660.28 31.09 256.38
2015-12-31 627.30 35.15 275.63
2015-09-30 588.24 34.68 234.87
2015-06-30 585.39 50.96 257.48
2015-03-31 554.30 54.23 179.71
2014-12-31 551.79 44.48 215.81
2014-09-30 518.51 44.75 191.06
2014-06-30 492.06 27.99 190.49
2014-03-31 467.66 31.60 150.50
2013-12-31 459.01 31.76 150.12
2013-09-30 436.60 32.19 129.44
2013-06-30 415.47 36.11 133.09
2013-03-31 381.78 26.86 128.94
2012-12-31 368.72 28.76 133.45
2012-09-30 353.19 30.51 139.17
2012-06-30 339.28 32.56 117.92
  • Hollysys Automation Technologies's level of debt (2.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (6.9% vs 2.6% today).
  • Debt is well covered by operating cash flow (511.9%, greater than 20% of total debt).
  • Hollysys Automation Technologies earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Hollysys Automation Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hollysys Automation Technologies has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

46H Dividends

 What is Hollysys Automation Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.85%
Current annual income from Hollysys Automation Technologies dividends. Estimated to be 1.06% next year.
If you bought €2,000 of Hollysys Automation Technologies shares you are expected to receive €17 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hollysys Automation Technologies's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Hollysys Automation Technologies's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:46H Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:46H Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.25 5.00
2020-06-30 0.22 5.00
2019-06-30 0.19 4.00
DB:46H Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-09-27 0.180 0.908
2017-09-26 0.120 0.517
2016-09-26 0.200 1.104
2009-08-17 0.000 0.000
2009-05-26 0.000 0.000
2009-04-24 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hollysys Automation Technologies has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Hollysys Automation Technologies has only been paying a dividend for 3 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Hollysys Automation Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (11.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (10.6x coverage).
X
Income/ dividend checks
We assess Hollysys Automation Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hollysys Automation Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hollysys Automation Technologies has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

46H Management

 What is the CEO of Hollysys Automation Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Baiqing Shao
COMPENSATION $0
AGE 50
TENURE AS CEO 5.4 years
CEO Bio

Mr. Baiqing Shao has been the Chief Executive Officer of Hollysys Automation Technologies, Ltd. since November 30, 2013 and served as its Senior Vice President of Business Development at Hollysys Automation Technologies, Ltd. since February 1, 2012 until November 2013. Mr. Shao served as Vice President of Beijing Hollysys Group Corporation. He has been with Hollysys for more than eighteen years as one of the founding group of engineers. He has been the Chairman and Director of Hollysys Automation Technologies, Ltd. since December 15, 2016 and November 20, 2013 respectively. He holds a Master of Computer Science from the 6th Research Institute of China Electronics Corporation and an MBA from Beijing University.

CEO Compensation
  • Insufficient data for Baiqing to compare compensation growth.
  • Baiqing's remuneration is lower than average for companies of similar size in Germany.
Management Team

Baiqing Shao

TITLE
Co-Founder
AGE
50
TENURE
5.4 yrs

Steven Wang

TITLE
Chief Financial Officer
AGE
50
TENURE
0.8 yrs

Arden Xia

TITLE
Investor Relations Director
Board of Directors Tenure

Average tenure and age of the Hollysys Automation Technologies board of directors in years:

10.8
Average Tenure
52
Average Age
  • The average tenure for the Hollysys Automation Technologies board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Baiqing Shao

TITLE
Co-Founder
AGE
50
TENURE
2.3 yrs

Jerry Zhang

TITLE
Independent Director
AGE
46
TENURE
11.6 yrs

Colin Sung

TITLE
Independent Director
AGE
52
TENURE
11.2 yrs

Qiao Li

TITLE
Director
COMPENSATION
$150K
AGE
60
TENURE
2.3 yrs

Jianyun Chai

TITLE
Independent Director
AGE
57
TENURE
10.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Hollysys Automation Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hollysys Automation Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

46H News

Simply Wall St News

46H Company Info

Description

Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People’s Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system. It also provides train control center that monitors route condition, track status, train schedules, distance between trains, and the working status of other function devices, as well as generates control instructions and commands. In addition, the company offers automation train protection that operates as a train over-speed protection mechanism; and supervisory control and data acquisition system, an open software platform, as well as automatic train protection and other products. Further, it engages in research and development activities; and provides integrated automation systems and services, mechanical and electrical solution services, and installation services. The company serves customers in the industrial, railway, subway, nuclear power, and mechanical and electronic industries. The company was formerly known as HLS Systems International Ltd. and changed its name to Hollysys Automation Technologies Ltd. in July 2009. Hollysys Automation Technologies Ltd. was founded in 1993 and is headquartered in Beijing, the People’s Republic China.

Details
Name: Hollysys Automation Technologies Ltd.
46H
Exchange: DB
Founded: 1993
$1,136,758,493
60,342,099
Website: http://www.hollysys.com.sg
Address: Hollysys Automation Technologies Ltd.
No. 2 Disheng Middle Road,
Beijing Economic-Technological Development Area,
Beijing,
100176,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS HOLI Common Stock Nasdaq Global Select US USD 31. Aug 2005
DB 46H Common Stock Deutsche Boerse AG DE EUR 31. Aug 2005
LSE 0M58 Common Stock London Stock Exchange GB USD 31. Aug 2005
Number of employees
Current staff
Staff numbers
3,300
Hollysys Automation Technologies employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:35
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.