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Valuetronics Holdings

DB:GJ7
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GJ7
DB
SGD295M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Valuetronics Holdings Limited, an investment holding company, provides integrated electronics manufacturing services (EMS) in the United States, the People's Republic of China, Poland, Canada, the Netherlands, and internationally. The last earnings update was 70 days ago. More info.


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GJ7 Share Price and Events
7 Day Returns
5.5%
DB:GJ7
1.6%
DE Electronic
1.8%
DE Market
1 Year Returns
-20.6%
DB:GJ7
-0.2%
DE Electronic
-6%
DE Market
GJ7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Valuetronics Holdings (GJ7) 5.5% 3.6% 5% -20.6% 64.8% 189.1%
DE Electronic 1.6% 8.1% 19.2% -0.2% 98.5% 105%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • GJ7 underperformed the Electronic industry which returned -0.2% over the past year.
  • GJ7 underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
GJ7
Industry
5yr Volatility vs Market

GJ7 Value

 Is Valuetronics Holdings 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 Valuetronics Holdings 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 Valuetronics Holdings.

DB:GJ7 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
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:GJ7
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 25%) (0%))
1.045
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% + (1.045 * 6.65%)
7.18%

Discounted Cash Flow Calculation for DB:GJ7 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Valuetronics Holdings 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:GJ7 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 7.18%)
2019 254.35 Analyst x2 237.31
2020 192.80 Analyst x2 167.84
2021 158.80 Analyst x2 128.98
2022 145.30 Est @ -8.5% 110.11
2023 136.75 Est @ -5.88% 96.69
2024 131.21 Est @ -4.05% 86.56
2025 127.58 Est @ -2.77% 78.53
2026 125.19 Est @ -1.87% 71.90
2027 123.64 Est @ -1.24% 66.25
2028 122.65 Est @ -0.8% 61.32
Present value of next 10 years cash flows HK$1,105.49
DB:GJ7 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$122.65 × (1 + 0.23%) ÷ (7.18% – 0.23%)
HK$1,768.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$1,768.68 ÷ (1 + 7.18%)10
HK$884.25
DB:GJ7 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$1,105.49 + HK$884.25
HK$1,989.73
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$1,989.73 / 433.38
HK$6.79
DB:GJ7 Discount to Share Price
Calculation Result
Exchange Rate HKD/SGD
(Reporting currency to currency of SGX:BN2)
0.173
Value per Share
(SGD)
= Value per Share in HKD x Exchange Rate (HKD/SGD)
= HK$4.59 x 0.173
SGD0.79
Non-primary Listing Adjustment Factor 1 share in DB:GJ7 represents 0.67647x of SGX:BN2
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.67647x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SGD) x Listing Adjustment Factor
= SGD 0.79 x 0.67647
€0.54
Value per share (EUR) From above. €0.54
Current discount Discount to share price of €0.46
= -1 x (€0.46 - €0.54) / €0.54
14.3%

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

Current Discount
Amount off the current price Valuetronics Holdings is available for.
Intrinsic value
14%
Share price is €0.46 vs Future cash flow value of €0.53698
Current Discount Checks
For Valuetronics Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Valuetronics Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Valuetronics Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Valuetronics Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Valuetronics Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GJ7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.47
SGX:BN2 Share Price ** SGX (2019-04-18) in SGD SGD0.68
SGX:BN2 Share Price converted to HKD reporting currency Exchange rate (SGD/ HKD) 5.784 HK$3.93
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 19.59x

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

** Primary Listing of Valuetronics Holdings.

DB:GJ7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:BN2 Share Price ÷ EPS (both in HKD)

= 3.93 ÷ 0.47

8.44x

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

  • Valuetronics Holdings is good value based on earnings compared to the DE Electronic industry average.
  • Valuetronics Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Valuetronics Holdings's expected growth come at a high price?
Raw Data
DB:GJ7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
5.9%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:GJ7 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.44x ÷ 5.9%

1.43x

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

  • Valuetronics Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Valuetronics Holdings's assets?
Raw Data
DB:GJ7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$2.56
SGX:BN2 Share Price * SGX (2019-04-18) in SGD SGD0.68
SGX:BN2 Share Price converted to HKD reporting currency Exchange rate (SGD/ HKD) 5.784 HK$3.93
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:GJ7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:BN2 Share Price ÷ Book Value per Share (both in HKD)

= 3.93 ÷ 2.56

1.54x

* Primary Listing of Valuetronics Holdings.

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

  • Valuetronics Holdings is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Valuetronics Holdings'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. Valuetronics Holdings has a total score of 3/6, 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.

GJ7 Future Performance

 How is Valuetronics Holdings expected to perform in the next 1 to 3 years based on estimates from 4 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
5.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Valuetronics Holdings expected to grow at an attractive rate?
  • Valuetronics Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Valuetronics Holdings's earnings growth is positive but not above the Germany market average.
  • Valuetronics Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GJ7 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GJ7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 5.9%
DB:GJ7 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 3.2%
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:GJ7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GJ7 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 3,264 1
2021-03-31 2,913 232 222 4
2020-03-31 2,782 245 207 4
2019-03-31 2,815 336 195 4
DB:GJ7 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,794 242 201
2018-09-30 2,853 277 199
2018-06-30 2,862 129 206
2018-03-31 2,854 64 205
2017-12-31 2,846 149 201
2017-09-30 2,645 132 186
2017-06-30 2,493 136 173
2017-03-31 2,275 161 154
2016-12-31 2,081 61 140
2016-09-30 1,927 205 122
2016-06-30 1,880 277 117
2016-03-31 1,953 289 120

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Valuetronics Holdings's earnings are expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
  • Valuetronics Holdings's revenue is expected to grow by 3.2% 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:GJ7 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 4 Analyst Estimates (S&P Global) See Below

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

DB:GJ7 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31
2021-03-31 0.52 0.55 0.48 4.00
2020-03-31 0.48 0.50 0.47 4.00
2019-03-31 0.46 0.47 0.44 2.00
DB:GJ7 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.47
2018-09-30 0.46
2018-06-30 0.48
2018-03-31 0.48
2017-12-31 0.48
2017-09-30 0.44
2017-06-30 0.41
2017-03-31 0.37
2016-12-31 0.33
2016-09-30 0.29
2016-06-30 0.28
2016-03-31 0.29

*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.
  • Valuetronics Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Valuetronics Holdings'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.
Valuetronics Holdings has a total score of 1/6, 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.

GJ7 Past Performance

  How has Valuetronics Holdings 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 Valuetronics Holdings'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.
  • Valuetronics Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Valuetronics Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Valuetronics Holdings's 1-year earnings growth is negative, it can't be compared to the DE Electronic industry average.
Earnings and Revenue History
Valuetronics Holdings'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 Valuetronics Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GJ7 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,793.76 200.65 203.57
2018-09-30 2,852.52 199.14 200.71
2018-06-30 2,861.97 205.64 200.98
2018-03-31 2,853.67 204.73 199.42
2017-12-31 2,845.82 201.30 201.76
2017-09-30 2,645.11 185.99 193.92
2017-06-30 2,493.09 173.23 187.69
2017-03-31 2,274.91 154.07 181.71
2016-12-31 2,080.56 140.08 175.15
2016-09-30 1,927.50 122.40 174.96
2016-06-30 1,880.36 116.54 171.44
2016-03-31 1,952.90 120.44 171.01
2015-12-31 2,089.91 130.67 173.71
2015-09-30 2,251.58 144.69 173.95
2015-06-30 2,352.67 148.81 180.19
2015-03-31 2,429.25 149.18 179.40
2014-12-31 2,463.68 148.85 178.83
2014-09-30 2,444.26 145.18 175.59
2014-06-30 2,448.66 148.49 170.45
2014-03-31 2,433.27 147.91 168.99
2013-12-31 2,299.18 134.23 158.24
2013-09-30 2,230.49 124.34 154.35
2013-06-30 2,193.94 119.24 150.33
2013-03-31 2,210.17 118.44 147.31
2012-12-31 2,304.96 135.93 149.56
2012-09-30 2,403.99 154.32 151.66
2012-06-30 2,402.76 152.73 160.07

*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.
  • Valuetronics Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Valuetronics Holdings used its assets more efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Valuetronics Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Valuetronics Holdings'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.
Valuetronics Holdings has a total score of 3/6, 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.

GJ7 Health

 How is Valuetronics Holdings'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 Valuetronics Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Valuetronics Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Valuetronics Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Valuetronics Holdings'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.
  • High level of physical assets or inventory.
  • Valuetronics Holdings has no debt, it does not need to be covered by short term assets.
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 Valuetronics Holdings Company Filings, last reported 3 months ago.

DB:GJ7 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,109.57 0.00 754.87
2018-09-30 1,071.54 0.00 798.22
2018-06-30 1,111.46 0.00 757.16
2018-03-31 1,061.96 0.00 671.09
2017-12-31 1,010.46 0.00 671.77
2017-09-30 980.38 0.00 674.50
2017-06-30 991.15 0.00 767.48
2017-03-31 938.57 0.00 807.70
2016-12-31 892.65 0.00 696.07
2016-09-30 851.94 0.00 669.50
2016-06-30 888.28 0.00 755.25
2016-03-31 857.30 0.00 699.87
2015-12-31 828.35 0.00 693.66
2015-09-30 804.28 0.00 530.28
2015-06-30 843.28 0.00 550.01
2015-03-31 808.54 0.00 513.44
2014-12-31 769.89 0.00 513.53
2014-09-30 729.35 0.00 433.45
2014-06-30 757.89 0.00 441.00
2014-03-31 726.57 0.00 477.93
2013-12-31 683.06 0.00 402.40
2013-09-30 644.38 0.00 288.73
2013-06-30 629.40 0.00 398.72
2013-03-31 592.23 0.00 224.06
2012-12-31 564.85 14.00 251.15
2012-09-30 539.24 17.00 182.08
2012-06-30 595.18 20.00 276.12
  • Valuetronics Holdings has no debt.
  • Valuetronics Holdings had no debt 5 years ago.
  • Valuetronics Holdings has no debt, it does not need to be covered by operating cash flow.
  • Valuetronics Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Valuetronics Holdings'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. Valuetronics Holdings 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.

GJ7 Dividends

 What is Valuetronics Holdings'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
6.36%
Current annual income from Valuetronics Holdings dividends. Estimated to be 6.7% next year.
If you bought €2,000 of Valuetronics Holdings shares you are expected to receive €127 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?
  • Valuetronics Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Valuetronics Holdings's dividend is above 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:GJ7 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 4 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:GJ7 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2022-03-31
2021-03-31 0.27 3.00
2020-03-31 0.26 3.00
2019-03-31 0.24 3.00
DB:GJ7 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-02-11 0.250 6.184
2018-11-12 0.250 6.431
2018-07-05 0.270 6.923
2018-02-09 0.190 3.798
2018-02-08 0.190 3.412
2017-11-08 0.190 3.432
2017-07-06 0.200 3.876
2016-07-07 0.182 5.941
2015-07-07 0.182 8.346
2015-05-25 0.182 7.210
2014-07-07 0.146 6.518
2014-05-27 0.146 6.268
2013-06-07 0.073 5.289
2012-05-25 0.146 12.213
2011-05-24 0.127 9.559
2010-07-06 0.064 5.296
2010-05-18 0.064 7.007
2009-06-29 0.041 5.795
2009-05-25 0.041 7.135
2009-04-23 0.071 16.806

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Valuetronics Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Valuetronics Holdings'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 Valuetronics Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Valuetronics Holdings has a total score of 5/6, see the detailed checks below.


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

GJ7 Management

 What is the CEO of Valuetronics Holdings'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
Chong Tse
COMPENSATION HK$0
AGE 56
TENURE AS CEO 12.7 years
CEO Bio

Mr. Tse Chong Hing has been the Chairman and Managing Director of Valuetronics Holdings Limited since August 26, 2006. Mr. Tse joined HTL in November 1996 as the Assistant to the then Managing Director. He served as the Managing Director of HTL since June 1999. He was responsible for strategic planning and the general management of Valuetronics and has over 15 years of experience in finance and operations management in the electronics manufacturing industry. Prior to joining Valuetronics, he held various positions in General Electronics Limited from 1987 to 1996 including Group Accounting Manager, Materials Manager and Assistant to Managing Director. Mr. Tse served as a Group Financial Controller of General Electronics Limited from 1993 to 1996. During his tenure with General Electronics Limited and in the various positions which he held, Mr. Tse’s duties encompassed overseeing financial, tax planning, cost and management accounting functions, overseeing materials control, planning, warehousing and logistics, evaluating and monitoring investments, investor relations and overseeing treasury activities and financial aspects of its acquisitions. He has been a Director of HTL since 1998. Mr. Tse is a practising member and fellow of the Hong Kong Institute of Certified Public Accountants (formerly The Hong Kong Society of Accountants) and a fellow of the Association of Chartered Certified Accountants. He holds a Diploma in Business Studies from the Hang Seng School of Commerce and a Postgraduate Diploma in Management Studies from the Hong Kong Polytechnic.

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

Average tenure and age of the Valuetronics Holdings management team in years:

4.3
Average Tenure
57
Average Age
  • The tenure for the Valuetronics Holdings management team is about average.
Management Team

Chong Tse

TITLE
Chairman & MD
AGE
56
TENURE
12.7 yrs

Kok Chow

TITLE
Founder & Executive Director
AGE
58

Joseph Lui

TITLE
Chief Financial Officer
AGE
37
TENURE
1.8 yrs

Jian Yuan Huang

TITLE
Vice President of Operations
TENURE
7 yrs

Hazel Chia

TITLE
Company Secretary
TENURE
3.8 yrs

Shirley Lim

TITLE
Company Secretary
TENURE
3.8 yrs

Kai Hung

TITLE
Director of Honor Tone Limited
AGE
67
TENURE
4.9 yrs
Board of Directors Tenure

Average tenure and age of the Valuetronics Holdings board of directors in years:

8.7
Average Tenure
56
Average Age
  • The tenure for the Valuetronics Holdings board of directors is about average.
Board of Directors

Chong Tse

TITLE
Chairman & MD
AGE
56
TENURE
12.7 yrs

Kok Chow

TITLE
Founder & Executive Director
AGE
58
TENURE
12.7 yrs

Tiew Ong

TITLE
Lead Independent Director
AGE
65

Siok Chin Tan

TITLE
Independent Director
AGE
48
TENURE
4.8 yrs

Cheng Loo

TITLE
Independent Director
AGE
55
TENURE
3.8 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 Valuetronics Holdings'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. Valuetronics Holdings 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.

GJ7 News

Simply Wall St News

GJ7 Company Info

Description

Valuetronics Holdings Limited, an investment holding company, provides integrated electronics manufacturing services (EMS) in the United States, the People's Republic of China, Poland, Canada, the Netherlands, and internationally. It operates through Consumer Electronics (CE), and Industrial and Commercial Electronics (ICE) segments. The company provides EMS services to CE and ICE products covering smart lighting products, printers, temperature sensing devices, communication products, automotive products, and medical equipment. It offers design, engineering, manufacturing, and supply chain support services for electronic and electro-mechanical products; and original equipment manufacturing services, including PCBA and box-build assembly, as well as original design manufacturing services. The company’s design services include mechanical design; plastic tool design; electronics, RF, and software designs; regulatory compliance engineering and testing; and product test development services. Its manufacturing services comprise plastic tool fabrication and injection molding; metal stamping and machining; printed circuit board assemblies, including complex multi-layer boards; sub-assemblies and full product assemblies; reliability engineering and testing; quality systems; materials procurement; and on-site program management services. The company’s supply chain support services comprise shipment of products to final destinations; product customization and drop shipment; warranty and non-warranty repairs; spare parts inventory and shipment; and direct fulfillment programs. It also holds properties; provides trading and business services; and manufactures diagnostic equipment. The company serves multinational and mid-size companies in the telecommunications, industrial, commercial, and consumer sectors. Valuetronics Holdings Limited was founded in 1992 and is headquartered in Shatin, Hong Kong.

Details
Name: Valuetronics Holdings Limited
GJ7
Exchange: DB
Founded: 1992
SGD192,974,133
433,378,337
Website: http://www.valuetronics.com.hk
Address: Valuetronics Holdings Limited
Technology Park,
Unit 9-11,
Shatin,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX BN2 Ordinary Shares Singapore Exchange SG SGD 28. Mar 2007
DB GJ7 Ordinary Shares Deutsche Boerse AG DE EUR 28. Mar 2007
Number of employees
Current staff
Staff numbers
0
Valuetronics Holdings employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:26
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/02/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.