DB:HAA1

Stock Analysis Report

Hana Microelectronics

Executive Summary

Hana Microelectronics Public Company Limited, together with its subsidiaries, manufactures and trades in electronic components.


Snowflake Analysis

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Hana Microelectronics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HAA1 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.1%

HAA1

-8.8%

DE Electronic

-9.1%

DE Market


1 Year Return

-2.1%

HAA1

-5.2%

DE Electronic

2.9%

DE Market

Return vs Industry: HAA1 exceeded the German Electronic industry which returned 0.7% over the past year.

Return vs Market: HAA1 underperformed the German Market which returned 6.5% over the past year.


Shareholder returns

HAA1IndustryMarket
7 Day-2.1%-8.8%-9.1%
30 Day-5.1%2.0%-7.2%
90 Day4.5%-0.5%-6.5%
1 Year3.3%-2.1%-3.2%-5.2%6.1%2.9%
3 Year0.5%-14.1%31.2%27.0%3.5%-5.6%
5 Year11.8%-12.8%94.3%80.2%8.0%-6.8%

Price Volatility Vs. Market

How volatile is Hana Microelectronics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Hana Microelectronics undervalued compared to its fair value and its price relative to the market?

14.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HAA1 (€1.01) is trading above our estimate of fair value (€0.78)

Significantly Below Fair Value: HAA1 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HAA1 is good value based on its PE Ratio (16.2x) compared to the Electronic industry average (26.1x).

PE vs Market: HAA1 is good value based on its PE Ratio (16.2x) compared to the German market (20x).


Price to Earnings Growth Ratio

PEG Ratio: HAA1 is poor value based on its PEG Ratio (8.3x)


Price to Book Ratio

PB vs Industry: HAA1 is good value based on its PB Ratio (1.4x) compared to the DE Electronic industry average (1.8x).


Next Steps

Future Growth

How is Hana Microelectronics forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

2.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HAA1's forecast earnings growth (2% per year) is above the savings rate (-0.4%).

Earnings vs Market: HAA1's earnings (2% per year) are forecast to grow slower than the German market (13.1% per year).

High Growth Earnings: HAA1's earnings are forecast to grow, but not significantly.

Revenue vs Market: HAA1's revenue (4.3% per year) is forecast to grow slower than the German market (5.1% per year).

High Growth Revenue: HAA1's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HAA1's Return on Equity is forecast to be low in 3 years time (8.8%).


Next Steps

Past Performance

How has Hana Microelectronics performed over the past 5 years?

-1.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HAA1 has high quality earnings.

Growing Profit Margin: HAA1's current net profit margins (8.7%) are lower than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: HAA1's earnings have declined by -1.7% per year over the past 5 years.

Accelerating Growth: HAA1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HAA1 had negative earnings growth (-24%) over the past year, making it difficult to compare to the Electronic industry average (-3.9%).


Return on Equity

High ROE: HAA1's Return on Equity (8.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Hana Microelectronics's financial position?


Financial Position Analysis

Short Term Liabilities: HAA1's short term assets (฿17.0B) exceed its short term liabilities (฿3.2B).

Long Term Liabilities: HAA1's short term assets (฿17.0B) exceed its long term liabilities (฿698.9M).


Debt to Equity History and Analysis

Debt Level: HAA1's debt to equity ratio (2.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if HAA1's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: HAA1's debt is well covered by operating cash flow (642.3%).

Interest Coverage: HAA1 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: HAA1 has a high level of physical assets or inventory.

Debt Coverage by Assets: HAA1's debt is covered by short term assets (assets are 34x debt).


Next Steps

Dividend

What is Hana Microelectronics's current dividend yield, its reliability and sustainability?

3.88%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Hana Microelectronics before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company3.9%marketbottom25%1.5%markettop25%3.9%industryaverage1.4%forecastin3Years4.2%

Current dividend yield vs market & industry

Notable Dividend: HAA1's dividend (3.59%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: HAA1's dividend (3.59%) is low compared to the top 25% of dividend payers in the German market (3.81%).


Stability and Growth of Payments

Stable Dividend: HAA1's dividend payments have been volatile in the past 10 years.

Growing Dividend: HAA1's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58%), HAA1's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HAA1's dividends in 3 years are forecast to be covered by earnings (65.7% payout ratio).


Next Steps

Management

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

25.3yrs

Average management tenure


CEO

Richard Han (62yo)

27.1yrs

Tenure

0

Mr. Richard David Han has been the Chief Executive Officer of Hana Microelectronics Public Company Limited since 1993 and serves as its Executive Vice Chairman and has been its Executive Director since Ju ...


Leadership Team

NamePositionTenureCompensationOwnership
Richard Han
Executive Vice Chairman & CEO27.1yrsno data0.13% ฿1.0m
Terrence Weir
Executive VP26.6yrsno data0.040% ฿310.7k
Chu Moong
President26.6yrsno data0.78% ฿6.1m
Achara Chaicharncheep
Senior Financial & Accounting Manager24.1yrsno data0.0040% ฿31.1k
Insuk Kim
Corporate Vice President of Technologies & Products Development0yrsno datano data
Puntipa Tanthana
Senior Corporate Administration & Human Resources Director0yrsno datano data
Jirapa Kongmanee
Head of Compliance Unit7.1yrsno datano data
John Erdmann
CEO & President of Hana Microdisplay Technologies Inc0yrsno datano data
Keung Wing
VP & GM of Hana-Lamphun19.1yrsno data0.099% ฿769.1k

25.3yrs

Average Tenure

60yo

Average Age

Experienced Management: HAA1's management team is seasoned and experienced (25.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Han
Executive Vice Chairman & CEO27.1yrsno data0.13% ฿1.0m
Terrence Weir
Executive VP26.6yrsno data0.040% ฿310.7k
Chu Moong
President26.6yrsno data0.78% ฿6.1m
Yingsak Jenratha
Independent Director6.2yrs฿467.50k0.0070% ฿54.4k
Salakchitt Preedaporn
Independent Director6.2yrs฿467.50k0.0010% ฿7.8k
John Thompson
Independent Chairman of the Board3.1yrs฿828.00kno data

16.4yrs

Average Tenure

61yo

Average Age

Experienced Board: HAA1's board of directors are seasoned and experienced ( 16.4 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

Hana Microelectronics Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hana Microelectronics Public Company Limited
  • Ticker: HAA1
  • Exchange: DB
  • Founded: 1978
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: ฿26.963b
  • Listing Market Cap: ฿776.865m
  • Shares outstanding: 804.88m
  • Website: https://www.hanagroup.com

Location

  • Hana Microelectronics Public Company Limited
  • 65/98, Soi Vibhavadi-Rangsit 64
  • Junction 2
  • Bangkok
  • 10210
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HANASET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBFeb 1993
HAA1DB (Deutsche Boerse AG)THB1(ALIEN MKT)DEEURMar 1993
HMIC.FOTCPK (Pink Sheets LLC)THB1(ALIEN MKT)USUSDMar 1993
NVAXDB (Deutsche Boerse AG)THB1 (NVDR)DEEURAug 2001
HANA-RSET (The Stock Exchange of Thailand)THB1 (NVDR)THTHBAug 2001

Biography

Hana Microelectronics Public Company Limited, together with its subsidiaries, manufactures and trades in electronic components. It offers printed circuit board assemblies and integrated circuits. The company also provides agent and customer services. It has operations in Thailand, Malaysia, China, Taiwan, the United States, Hong Kong, and internationally. The company was founded in 1978 and is headquartered in Bangkok, Thailand. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 20:35
End of Day Share Price2020/02/28 00:00
Earnings2019/12/31
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.