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Johnson Electric Holdings

Market Cap

HK$17.9b

Last Updated

2021/05/13 10:58 UTC

Data Sources

Company Financials +

Executive Summary

Johnson Electric Holdings Limited, an investment holding company, researches and develops, manufactures, licenses, and sells motion products, control systems, and flexible interconnects worldwide. More Details


Snowflake Analysis

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Johnson Electric Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 179 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 179's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-2.4%

179

-4.2%

HK Auto Components

-1.1%

HK Market


1 Year Return

62.2%

179

60.8%

HK Auto Components

24.0%

HK Market

Return vs Industry: 179 exceeded the Hong Kong Auto Components industry which returned 60.8% over the past year.

Return vs Market: 179 exceeded the Hong Kong Market which returned 24% over the past year.


Shareholder returns

179IndustryMarket
7 Day-2.4%-4.2%-1.1%
30 Day-1.4%-3.3%-0.4%
90 Day-21.0%-21.9%-6.8%
1 Year63.6%62.2%65.5%60.8%28.8%24.0%
3 Year-17.6%-22.8%-11.5%-18.8%1.7%-9.1%
5 Year7.3%-3.6%18.8%6.7%59.5%32.5%

Long-Term Price Volatility Vs. Market

How volatile is Johnson Electric Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Johnson Electric Holdings undervalued compared to its fair value and its price relative to the market?

10.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 179 (HK$19.76) is trading above our estimate of fair value (HK$11.56)

Significantly Below Fair Value: 179 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 179 is good value based on its PE Ratio (10.7x) compared to the Hong Kong Auto Components industry average (17x).

PE vs Market: 179 is good value based on its PE Ratio (10.7x) compared to the Hong Kong market (11.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 179's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 179 is good value based on its PB Ratio (1x) compared to the HK Auto Components industry average (1.3x).


Future Growth

How is Johnson Electric Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

8.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 179's forecast earnings growth is above the savings rate (1.5%).

Earnings vs Market: Insufficient data to determine if 179's earnings are forecast to grow faster than the Hong Kong market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 179's revenue (8.3% per year) is forecast to grow slower than the Hong Kong market (12.4% per year).

High Growth Revenue: 179's revenue (8.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 179's Return on Equity is forecast to be low in 3 years time (11.5%).


Past Performance

How has Johnson Electric Holdings performed over the past 5 years?

-37.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 179 has high quality earnings.

Growing Profit Margin: 179 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 179's earnings have declined by 37.4% per year over the past 5 years.

Accelerating Growth: 179 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 179 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Auto Components industry (13.4%).


Return on Equity

High ROE: 179's Return on Equity (9.5%) is considered low.


Financial Health

How is Johnson Electric Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 179's short term assets ($1.9B) exceed its short term liabilities ($959.3M).

Long Term Liabilities: 179's short term assets ($1.9B) exceed its long term liabilities ($751.1M).


Debt to Equity History and Analysis

Debt Level: 179's debt to equity ratio (18.5%) is considered satisfactory.

Reducing Debt: 179's debt to equity ratio has reduced from 22.4% to 18.5% over the past 5 years.

Debt Coverage: 179's debt is well covered by operating cash flow (101.9%).

Interest Coverage: 179's interest payments on its debt are well covered by EBIT (19.1x coverage).


Balance Sheet


Dividend

What is Johnson Electric Holdings's current dividend yield, its reliability and sustainability?

1.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 179's dividend (1.71%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (1.93%).

High Dividend: 179's dividend (1.71%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.02%).


Stability and Growth of Payments

Stable Dividend: 179's dividend payments have been volatile in the past 10 years.

Growing Dividend: 179's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (9.2%), 179's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 179's dividends in 3 years are forecast to be well covered by earnings (19.4% payout ratio).


Next Steps

Management

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

18.0yrs

Average board tenure


CEO

Patrick Wang (69 yo)

25.33yrs

Tenure

US$2,469,000

Compensation

Dr. Shui Chung Wang, also known as Patrick, JP, BSc, MSc has been the Chairman and Chief Executive of Johnson Electric Holdings Ltd., since 1996 and Managing Director since 1984. Dr. Wang joined Johnson El...


CEO Compensation Analysis

Compensation vs Market: Patrick's total compensation ($USD2.47M) is above average for companies of similar size in the Hong Kong market ($USD622.73K).

Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 179's board of directors are seasoned and experienced ( 18 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Johnson Electric Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Johnson Electric Holdings Limited
  • Ticker: 179
  • Exchange: SEHK
  • Founded: 1959
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: HK$17.892b
  • Shares outstanding: 885.72m
  • Website: https://www.johnsonelectric.com

Number of Employees


Location

  • Johnson Electric Holdings Limited
  • 12 Science Park East Avenue
  • 6th Floor
  • Sha Tin
  • New Territories
  • Hong Kong

Listings


Biography

Johnson Electric Holdings Limited, an investment holding company, researches and develops, manufactures, licenses, and sells motion products, control systems, and flexible interconnects worldwide. The comp...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/13 10:58
End of Day Share Price2021/05/13 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.