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Hana Microelectronics

DB:HAA1
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HAA1
DB
฿26B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Hana Microelectronics Public Company Limited, together with its subsidiaries, manufactures and trades in electronic components. The last earnings update was 50 days ago. More info.


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HAA1 Share Price and Events
7 Day Returns
-0.1%
DB:HAA1
2.8%
DE Electronic
2.4%
DE Market
1 Year Returns
3.1%
DB:HAA1
-1%
DE Electronic
-6.2%
DE Market
HAA1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hana Microelectronics (HAA1) -0.1% 12.8% 5.4% 3.1% 9.9% 27.6%
DE Electronic 2.8% 4.1% 20.4% -1% 98.9% 101.5%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • HAA1 outperformed the Electronic industry which returned -1% over the past year.
  • HAA1 outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
HAA1
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Hana Microelectronics 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 Hana Microelectronics 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 Hana Microelectronics.

DB:HAA1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 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:HAA1
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))
= 1.067 (1 + (1- 20%) (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 * 5.96%)
6.46%

Discounted Cash Flow Calculation for DB:HAA1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hana Microelectronics 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:HAA1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 6.46%)
2019 2,494.25 Analyst x4 2,342.96
2020 2,423.00 Analyst x4 2,137.99
2021 2,252.00 Analyst x2 1,866.58
2022 2,138.14 Est @ -5.06% 1,664.71
2023 2,063.93 Est @ -3.47% 1,509.47
2024 2,015.20 Est @ -2.36% 1,384.44
2025 1,983.27 Est @ -1.58% 1,279.86
2026 1,962.64 Est @ -1.04% 1,189.72
2027 1,949.68 Est @ -0.66% 1,110.19
2028 1,942.01 Est @ -0.39% 1,038.74
Present value of next 10 years cash flows ฿15,524.67
DB:HAA1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ฿1,942.01 × (1 + 0.23%) ÷ (6.46% – 0.23%)
฿31,247.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿31,247.96 ÷ (1 + 6.46%)10
฿16,713.98
DB:HAA1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿15,524.67 + ฿16,713.98
฿32,238.64
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿32,238.64 / 804.88
฿40.05
DB:HAA1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HAA1 represents 0.02775x of SET:HANA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02775x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 40.05 x 0.02775
€1.11
Value per share (EUR) From above. €1.11
Current discount Discount to share price of €0.90
= -1 x (€0.90 - €1.11) / €1.11
18.9%

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

Current Discount
Amount off the current price Hana Microelectronics is available for.
Intrinsic value
19%
Share price is €0.9 vs Future cash flow value of €1.11
Current Discount Checks
For Hana Microelectronics to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hana Microelectronics's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Hana Microelectronics'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 Hana Microelectronics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hana Microelectronics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HAA1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in THB ฿2.95
SET:HANA Share Price ** SET (2019-04-18) in THB ฿32.5
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.37x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of Hana Microelectronics.

DB:HAA1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SET:HANA Share Price ÷ EPS (both in THB)

= 32.5 ÷ 2.95

11.01x

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

  • Hana Microelectronics is good value based on earnings compared to the DE Electronic industry average.
  • Hana Microelectronics is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hana Microelectronics's expected growth come at a high price?
Raw Data
DB:HAA1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
3.2%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 1.58x

*Line of best fit is calculated by linear regression .

DB:HAA1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.01x ÷ 3.2%

3.44x

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

  • Hana Microelectronics is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hana Microelectronics's assets?
Raw Data
DB:HAA1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in THB ฿26.19
SET:HANA Share Price * SET (2019-04-18) in THB ฿32.5
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:HAA1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SET:HANA Share Price ÷ Book Value per Share (both in THB)

= 32.5 ÷ 26.19

1.24x

* Primary Listing of Hana Microelectronics.

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

  • Hana Microelectronics is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Hana Microelectronics'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. Hana Microelectronics 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.

Future Performance

 How is Hana Microelectronics expected to perform in the next 1 to 3 years based on estimates from 8 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
3.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hana Microelectronics expected to grow at an attractive rate?
  • Hana Microelectronics's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hana Microelectronics's earnings growth is positive but not above the Germany market average.
  • Hana Microelectronics's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HAA1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HAA1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 3.2%
DB:HAA1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 3.3%
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 11.5%
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:HAA1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HAA1 Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 25,554 3,573 2,677 3
2020-12-31 23,295 3,453 2,392 8
2019-12-31 22,046 3,550 2,182 8
DB:HAA1 Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2018-12-31 22,640 2,480 2,375
2018-09-30 22,323 2,201 2,353
2018-06-30 22,079 2,415 2,218
2018-03-31 21,847 2,922 2,624
2017-12-31 21,846 3,014 2,888
2017-09-30 22,208 3,570 2,898
2017-06-30 21,743 3,029 2,698
2017-03-31 21,272 2,820 2,439
2016-12-31 20,783 3,008 2,105
2016-09-30 20,172 2,748 2,292
2016-06-30 20,168 3,115 2,051
2016-03-31 20,519 2,914 2,034

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hana Microelectronics's earnings are expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
  • Hana Microelectronics's revenue is expected to grow by 3.3% 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:HAA1 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 8 Analyst Estimates (S&P Global) See Below

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

DB:HAA1 Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.35 3.55 3.10 3.00
2020-12-31 2.98 3.32 2.65 8.00
2019-12-31 2.71 3.09 2.40 8.00
DB:HAA1 Past Financials Data
Date (Data in THB Millions) EPS *
2018-12-31 2.95
2018-09-30 2.92
2018-06-30 2.76
2018-03-31 3.26
2017-12-31 3.59
2017-09-30 3.60
2017-06-30 3.35
2017-03-31 3.03
2016-12-31 2.62
2016-09-30 2.85
2016-06-30 2.55
2016-03-31 2.53

*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.
  • Hana Microelectronics is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hana Microelectronics'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.
Hana Microelectronics 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.

Past Performance

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

DB:HAA1 Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 22,639.59 2,375.22 1,269.49
2018-09-30 22,322.63 2,353.35 1,288.54
2018-06-30 22,079.44 2,218.11 1,248.12
2018-03-31 21,846.67 2,623.58 1,222.64
2017-12-31 21,846.33 2,887.73 1,219.77
2017-09-30 22,207.72 2,898.13 1,171.45
2017-06-30 21,742.76 2,697.62 1,170.70
2017-03-31 21,271.57 2,439.14 1,144.60
2016-12-31 20,782.92 2,105.42 1,167.45
2016-09-30 20,171.88 2,291.73 1,167.12
2016-06-30 20,167.73 2,051.37 1,181.74
2016-03-31 20,519.32 2,033.54 1,183.23
2015-12-31 20,766.43 2,066.37 1,114.61
2015-09-30 20,952.57 1,786.60 1,121.66
2015-06-30 21,381.87 2,044.79 1,065.70
2015-03-31 21,792.30 2,331.87 1,031.20
2014-12-31 21,482.31 3,405.50 1,009.47
2014-09-30 20,992.94 3,441.08 944.61
2014-06-30 20,264.67 3,421.08 914.61
2014-03-31 19,063.57 3,746.92 911.17
2013-12-31 18,019.84 2,300.92 904.91
2013-09-30 16,908.64 1,937.59 984.83
2013-06-30 16,417.60 1,969.31 841.65
2013-03-31 16,834.75 1,479.78 946.58
2012-12-31 17,248.77 1,610.19 1,012.60
2012-09-30 17,203.94 1,454.19 1,046.03
2012-06-30 17,234.57 1,341.15 1,184.00

*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.
  • Hana Microelectronics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hana Microelectronics used its assets more efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Hana Microelectronics's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Hana Microelectronics'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.
Hana Microelectronics has a total score of 1/6, 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.

Health

 How is Hana Microelectronics'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 Hana Microelectronics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hana Microelectronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hana Microelectronics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hana Microelectronics'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.
  • Hana Microelectronics 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 Hana Microelectronics Company Filings, last reported 3 months ago.

DB:HAA1 Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 21,083.13 0.00 8,546.74
2018-09-30 21,255.39 0.00 9,345.93
2018-06-30 20,705.15 0.00 9,393.96
2018-03-31 20,783.62 0.00 9,704.73
2017-12-31 20,689.88 0.00 9,739.51
2017-09-30 20,887.19 0.00 10,480.72
2017-06-30 20,250.22 0.00 10,012.23
2017-03-31 20,464.94 0.00 10,445.94
2016-12-31 19,961.76 0.00 9,640.53
2016-09-30 19,870.31 0.00 9,972.57
2016-06-30 19,380.73 0.00 9,490.63
2016-03-31 19,782.65 0.00 9,686.49
2015-12-31 19,423.57 0.00 8,783.69
2015-09-30 19,532.98 0.00 9,177.02
2015-06-30 18,697.76 0.00 8,372.58
2015-03-31 18,766.82 0.00 8,709.49
2014-12-31 18,363.61 0.00 8,330.50
2014-09-30 18,576.93 0.00 8,884.15
2014-06-30 18,003.58 13.42 8,267.20
2014-03-31 18,052.12 13.70 8,608.96
2013-12-31 16,594.08 15.95 6,710.01
2013-09-30 15,978.85 16.53 7,131.36
2013-06-30 15,326.66 18.63 6,195.68
2013-03-31 14,699.97 21.64 5,893.45
2012-12-31 14,894.52 24.44 5,481.27
2012-09-30 15,113.91 25.61 5,763.04
2012-06-30 14,608.95 0.00 5,535.94
  • Hana Microelectronics has no debt.
  • Hana Microelectronics has no debt compared to 5 years ago when it was 0.1%.
  • Hana Microelectronics has no debt, it does not need to be covered by operating cash flow.
  • Hana Microelectronics has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Hana Microelectronics'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. Hana Microelectronics 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.

Dividends

 What is Hana Microelectronics'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
6.15%
Current annual income from Hana Microelectronics dividends. Estimated to be 6.18% next year.
If you bought €2,000 of Hana Microelectronics shares you are expected to receive €123 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?
  • Hana Microelectronics's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Hana Microelectronics's dividend is above the markets top 25% of dividend payers in Germany (3.7%).
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:HAA1 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 8 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 325 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:HAA1 Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.00 2.00
2020-12-31 2.02 6.00
2019-12-31 2.00 6.00
DB:HAA1 Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2019-02-28 2.000 6.011
2018-11-14 2.000 5.921
2018-10-16 2.000 5.590
2018-10-10 2.000 5.310
2018-03-29 2.000 5.539
2017-11-13 2.000 4.743
2017-10-05 2.000 4.151
2017-02-24 2.000 4.342
2017-01-16 2.000 4.859
2016-11-10 2.000 5.796
2016-10-11 2.000 6.133
2016-02-24 2.000 6.430
2015-11-13 2.000 6.098
2015-10-15 2.000 5.662
2015-04-30 2.000 5.904
2014-02-20 1.500 4.071
2013-11-13 1.500 6.179
2013-02-27 2.000 8.954
2012-11-08 1.000 4.475
2012-08-09 1.000 4.725
2012-04-17 1.000 4.959
2012-02-29 1.000 4.537
2012-02-28 1.000 4.619
2011-03-01 1.550 7.424
2010-02-25 1.400 5.594
2009-04-20 1.200 6.711

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 Hana Microelectronics's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Hana Microelectronics'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 Hana Microelectronics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hana Microelectronics 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.

Management

 What is the CEO of Hana Microelectronics'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
Richard Han
COMPENSATION ฿0
AGE 61
TENURE AS CEO 26.3 years
CEO Bio

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 July 26, 1993. Mr. Han has been the Chief Executive Officer and Executive Director of Hana Group., a subsidiary of Hana Microelectronics Public Company Limited since 1989. He has been a Director of Thai British Security Printing Public Company Limited since August 21, 1998. Mr. Han holds an M.B.A. (Marketing) from the City University, London IOD Training Background.

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

Average tenure and age of the Hana Microelectronics management team in years:

25.8
Average Tenure
60
Average Age
  • The average tenure for the Hana Microelectronics management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Richard Han

TITLE
Executive Vice Chairman & CEO
AGE
61
TENURE
26.3 yrs

Winson Moong

TITLE
President
AGE
72
TENURE
26.3 yrs

Terry Weir

TITLE
Executive VP
AGE
59
TENURE
25.8 yrs

Winson Moong

TITLE
President
AGE
72
TENURE
26.3 yrs

Achara Chaicharncheep

TITLE
Senior Financial & Accounting Manager
AGE
49
TENURE
23.3 yrs

Insuk Kim

TITLE
Corporate Vice President of Technologies & Products Development

Puntipa Tanthana

TITLE
Senior Corporate Administration & Human Resources Director

Jirapa Kongmanee

TITLE
Head of Compliance Unit
TENURE
6.3 yrs

John Erdmann

TITLE
CEO & President of Hana Microdisplay Technologies Inc

Keung Wing

TITLE
VP & GM of Hana-Lamphun
AGE
59
TENURE
18.3 yrs
Board of Directors Tenure

Average tenure and age of the Hana Microelectronics board of directors in years:

25.8
Average Tenure
61
Average Age
  • The average tenure for the Hana Microelectronics board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

John Thompson

TITLE
Chairman of the Board
COMPENSATION
฿828K
AGE
53
TENURE
2.3 yrs

Richard Han

TITLE
Executive Vice Chairman & CEO
AGE
61
TENURE
26.3 yrs

Winson Moong

TITLE
President
AGE
72
TENURE
25.8 yrs

Terry Weir

TITLE
Executive VP
AGE
59
TENURE
25.8 yrs

Winson Moong

TITLE
President
AGE
72
TENURE
25.8 yrs

Yingsak Jenratha

TITLE
Independent Director
COMPENSATION
฿468K
AGE
71
TENURE
5.3 yrs

Salakchitt Preedaporn

TITLE
Independent Director
COMPENSATION
฿468K
AGE
57
TENURE
5.3 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 Hana Microelectronics'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. Hana Microelectronics 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.

News

Simply Wall St News

Company Info

Description

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.

Details
Name: Hana Microelectronics Public Company Limited
HAA1
Exchange: DB
Founded: 1978
฿730,992,903
804,878,860
Website: http://www.hanagroup.com
Address: Hana Microelectronics Public Company Limited
65/98, Soi Vibhavadi-Rangsit 64,
Junction 2,
Bangkok,
10210,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET HANA Ordinary Shares The Stock Exchange of Thailand TH THB 05. Feb 1993
DB HAA1 SHS FRN REG NEW Deutsche Boerse AG DE EUR 05. Mar 1993
SET HANA-R THB1 (NVDR) The Stock Exchange of Thailand TH THB 20. Aug 2001
DB NVAX THB1 (NVDR) Deutsche Boerse AG DE EUR 20. Aug 2001
Number of employees
Current staff
Staff numbers
0
Hana Microelectronics employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 20:32
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/05
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.