Upcoming Dividend • Jun 16
Upcoming dividend of US$0.018 per share Eligible shareholders must have bought the stock before 23 June 2026. Payment date: 09 July 2026. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Hong Kong dividend payers (7.1%). Lower than average of industry peers (3.6%). Declared Dividend • May 20
Dividend of US$0.018 announced Shareholders will receive a dividend of US$0.018. Ex-date: 23rd June 2026 Payment date: 9th July 2026 Dividend yield will be 0.4%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 1.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 24
Nexteer Automotive Group Limited, Annual General Meeting, Jun 17, 2026 Nexteer Automotive Group Limited, Annual General Meeting, Jun 17, 2026. Announcement • Mar 10
Nexteer Automotive Group Limited to Report Fiscal Year 2025 Results on Mar 24, 2026 Nexteer Automotive Group Limited announced that they will report fiscal year 2025 results on Mar 24, 2026 Announcement • Jan 16
Nexteer Automotive Group Limited Announces Resignation of Hervé Paul Gino Boyer as Executive Director, Senior Vice President, and Global Chief Operating Officer, Effective January 19, 2026 Nexteer Automotive Group Limited announces that Hervé Paul Gino Boyer has resigned as an executive director, senior vice president, and global chief operating officer of the Company in order to pursue a new opportunity, effective January 19, 2026. Mr. BOYER has confirmed that he has no disagreement with the Board. Announcement • Oct 07
Nexteer Automotive Announces Direct Drive Hand Wheel Actuator Nexteer Automotive announced its Direct Drive Hand Wheel Actuator (DD-HWA) as the company's latest advancement in Steer-by-Wire (SbW) technologies. DD-HWA establishes a new benchmark for steering feel, system integration and vehicle design flexibility enabling automakers to deliver next-generation driving experiences across software-defined vehicles and all levels of assisted and automated driving. DD-HWA is compatible with both 12V and 48V vehicle architectures, supporting integration across traditional, hybrid and electrified platforms globally. As the cornerstone of Nexteer's Motion-by-Wire™? portfolio, SbW replaces the traditional mechanical connection between the hand wheel and road wheels with electronic control, enabling packaging and design flexibility, plus new safety and performance features. This evolution from mechanical to digital control sets the stage for Nexteer's next SbW milestone: DD-HWA. Following is an overview of the combination of innovations and benefits to OEMs and drivers. Premium Steering Feel: Smooth and highly responsive steering gives drivers confidence, control and comfort in all driving conditions. Fast, dynamic response for superior handling: High amplitude-response bandwidth. Precise, comfortable steering feedback: Cogging torque ripple tightly controlled. Compact, Lightweight, Low or High Mount Designs: Low-Mount is positioned with the feedback actuator under the dash. High-Mount is a compact design with the feedback actuator mechanism located just under the steering wheel or other steering interface. This breakthrough allows the steering interface to be located almost anywhere in the cabin and opens the door to innovative stow and interior concepts. Both designs support all propulsion types and optimize space and energy efficiency especially important for NEVs. Enhanced Safety: Rigid-connection structure enhances steering accuracy, while built-in redundancy mechanisms ensure stable operation. In-House High-Performance Motor: Vertical integration of key components further strengthens competitiveness, supply agility and quality control. Simplified Architecture: Streamlined design reduces components, improves robustness and enables seamless vehicle integration. High-Precision Multi-Channel Angle Sensing: A redundant multi-channel angular sensor design, coupled with a specialized gear combination structure, delivers exceptional signal accuracy enhancing safety and diagnostic performance. 48V and 12V Compatibility: High-power output with reduced current draw improves efficiency, thermal performance and safety across EV, hybrid and ICE platforms. Announcement • Sep 23
Nexteer Automotive Showcases Motion-By-Wire Innovations & Shares Insights on Software-Defined Vehicles At MOVE America Nexteer Automotive will showcase its latest Motion-by-Wire™? innovations including Steer-by-Wire, Rear-Wheel Steering, Brake-by-Wire and the MotionIQ™? Software Suite during MOVE America, September 24-25 at Huntington Place in Detroit. In booth #529, Nexteer's experts will discuss how they are shaping the future of the software-defined chassis for passenger vehicles and adjacent markets, helping OEMs accelerate development and reduce costs while delivering safer, smarter and more exciting driving experiences. Visitors will experience an immersive Steer-by-Wire driving simulation and explore innovations, such as: Motion-by-Wire technologies, including Steer-by- Wire, Rear-Wheel Steering), Brake-by- Wire and Software. Nexteer's recently announced MotionIQ™? Software Suite, which includes three product groups that seamlessly work together for precise motion control, accelerated chassis development and advanced predictive maintenance. Motion control innovations across Nexteer's Electric Power Steering (EPS), steering column and intermediate shafts and driveline solutions. Nexteer experts will also be available to explore how these motion control technologies can solve technical and business challenges in passenger vehicles, as well as in adjacent markets such as commercial vehicles, off-road vehicles and other mobility segments. Announcement • Aug 12
Nexteer Automotive Unveils Its MotionIQ™? Software Suite for Intelligent Motion Control Nexteer Automotive unveiled its MotionIQ™? software suite for intelligent motion control. Engineered on proven algorithms deployed in over 115 million vehicles globally, MotionIQ streamlines by-wire chassis control, development and vehicle health-monitoring workflows into a single suite, helping OEMs get to market faster while enhancing quality and cost efficiencies. Nexteer's new software suite comprises three product groups, MotionIQ/Control™?, MotionIQ/Dev™? and MotionIQ/Health™?, that seamlessly work together to deliver precise motion control, accelerated chassis development and advanced predictive maintenance. They include: MotionIQ/Control™?: Advanced vehicle dynamics functions including Steer-by-Brake, Hands-Off Detection, Quiet Wheel™? Steering, Road Surface Detection and other functions for superior driving experiences. Many of these advanced, award-winning software solutions are already deployed in vehicles on the road through Nexteer's Electric Power Steering (EPS) and Steer-by-Wire (SbW) programs. MotionIQ/Dev™?: Advanced software development tools, backed by Nexteer's systems integration and software expertise, accelerate feature development from days to minutes through automated coding and integration. This reduces costs, shortens production lead time and minimizes error-prone manual coding. MotionIQ/Health™?: Leverages prognostic software and AI-powered virtual sensors to continuously monitor the electrical and mechanical functionality of steering and other chassis components as well as tires. This enhances customer satisfaction by proactively predicting issues before they occur - minimizing costly fleet downtime, enabling convenient maintenance scheduling and significantly reducing diagnostic time, errors and expenses. MotionIQ/Health™? also offers valuable insights into product quality and development, helping to reduce costs for OEMs and suppliers by using anonymized data from actual lifecycle conditions. Announcement • Aug 02
Nexteer Automotive Group Limited to Report First Half, 2025 Results on Aug 13, 2025 Nexteer Automotive Group Limited announced that they will report first half, 2025 results on Aug 13, 2025 Announcement • Mar 21
Nexteer Automotive Group Limited Proposes Final Dividend for the Year Ended December 31, 2024, Payable on 9 July 2025 Nexteer Automotive Group Limited proposed final dividend of USD 0.0087 per share for the year ended December 31, 2024. Date of shareholders' approval is 18 June 2025. Ex-dividend date is 23 June 2025, Record date is 27 June 2025 and Payment date is 9 July 2025. Announcement • Mar 19
Nexteer Automotive Group Limited, Annual General Meeting, Jun 18, 2025 Nexteer Automotive Group Limited, Annual General Meeting, Jun 18, 2025. Announcement • Mar 18
Nexteer Automotive Launches Rear-Wheel Steering Nexteer Automotive announced a Rear-Wheel Steering (RWS) system engineered for cost-effectiveness, lightweighting, durability and seamless integration. Nexteer's RWS is also optimized for enhanced maneuverability, stability, safety and performance - delivering a superior driving experience especially when steering heavier vehicles with long wheelbases such as trucks, SUVs and EVs. The company earned two RWS contracts with a leading Chinese OEM and expects to start production in 2026. Nexteer's new RWS allows the rear wheels to turn up to 12 degrees in coordination with the front wheels, optimizing handling at both low and high speeds. At lower speeds, RWS reduces the turning radius for potentially challenging maneuvers, such as parking in tight spaces, parallel parking, backup events and hitching. RWS also improves vehicle nimbleness during tight partnering and overall city driving. At higher speeds, RWS enhances chassis responsiveness, vehicle stability and safety by improving control during sudden lane changes or evasive maneuvers. It also enhances driver comfort and reduces fatigue especially while speeding and trailering. Nexteer strategically designed its RWS to solve industry challenges and leverage its existing technology leadership and building blocks. Following are key highlights; Nexteer's RWS design prioritizes cost-effectiveness and lightweighting design principles, enabling OEMs to quickly adopt RWS into vehicle platforms with minimal impact on fuel efficiency or EV range; Reuse & Integration: Also tied to cost-effectiveness, Nexteer's approach offers component and manufacturing process reuse with its Rack-assist Electric Power Steering (REPS) systems, as well as easy integration with all vehicle types and potential to simplify rear axle designs; In Steer-by-Wire (SbW) vehicles, RWS may offer additional synergies as RWS could serve as an additional redundancy layer to meet safety requirements; Durable & Reliable: Nexteer's anti-rotation design minimizes friction, enhances strength and supports long-term reliability; Proven & Pioneering: During RWS development, Nexteer pulled from its REPS, SbW, software and vehicle integration expertise, as well as its legacy as a pioneer of RWS-for-mass-production in the early 2000s for GM truck applications (Quadrasteer); Synergies & Compounding Benefits: For longer wheelbases/heavier loads, OEMs can combine RWS with Nexteer's other steering/driveline solutions to compound driver benefits. Nexteer is globally renowned for motion control tailored for larger/heavier vehicle segments. the team is excited to announce RWS, they are already innovating next-generation enhancements and looking forward to a future announcement. Nexteer will publicly debut RWS in their exhibit at the 2025 Auto Shanghai event April 23–May 2, 2025. Announcement • Mar 07
Nexteer Automotive Group Limited to Report Fiscal Year 2024 Results on Mar 19, 2025 Nexteer Automotive Group Limited announced that they will report fiscal year 2024 results on Mar 19, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$3.24, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.47 per share. Buy Or Sell Opportunity • Nov 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to HK$2.77. The fair value is estimated to be HK$3.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 53%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$3.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total loss to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.38 per share. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to HK$3.03, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total loss to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.36 per share. Buy Or Sell Opportunity • Sep 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 37% to HK$2.65. The fair value is estimated to be HK$3.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 53%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Reported Earnings • Aug 17
First half 2024 earnings released: EPS: US$0.006 (vs US$0.014 in 1H 2023) First half 2024 results: EPS: US$0.006 (down from US$0.014 in 1H 2023). Revenue: US$2.10b (flat on 1H 2023). Net income: US$15.7m (down 54% from 1H 2023). Profit margin: 0.7% (down from 1.6% in 1H 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Announcement • Aug 13
Nexteer Automotive Expands Cost-Efficiencies with New Modular Pinion-Assist Electric Power Steering System Nexteer Automotive announced its Modular Column-Assist Electric Power Steering (mPEPS) system, which expands the company's cost-effective, modular EPS offerings to now include Single-Pinion and Dual-Pinion systems. By leveraging Nexteer's existing, EPS building blocks, mPEPS provides scalability, which in turn offers OEMs cost- and time-efficiencies including shorter development cycles and higher rate of component use on vehicle platforms - while still delivering advanced safety and performance for drivers such as low noise, vibration and harshness (NVH) levels. Nexteer's mPEPS building block approach also enables flexibility to meet OEMs' wide-ranging requirements for advanced gear-based steering systems and supports all vehicle propulsion types (EV, ICE, etc.) as well as the needs across various global markets. Nexteer's m PEPS is the company's third modular steering design after Modular Column-Assist EPS (mCEPS), which was announced in October 2021, and Modular Rack-Assist EPS (mREPS), which was announced in April 2023. In addition to Modular EPS systems, Nexteer offers a complete portfolio of EPS systems that can steer vehicles of all sizes - from small cars to heavy-duty trucks and light commercial vehicles. Other EPS solutions from Nexteer include Steer-by-Wire, Rack-Assist EPS (REPS), Dual Pinion-Assist EPS (DPEPS), Single Pinion-Assist EPS(SPEPS) and Column-Assist EPS (CEPS). Nexteer also offers High Output and High Availability options for all EPS systems. High Output EPS increases the steering capabilities to allow heavier vehicles, like EVs and heavy-duty trucks, to take advantage of EPS's advanced safety, comfort and fuel economy benefits. High Availability EPS ensures the steering safety net is always on through intelligently optimized software designed for simultaneous, multi-path processing and hardware redundantancies. Announcement • Jul 31
Nexteer Automotive Group Limited to Report First Half, 2024 Results on Aug 14, 2024 Nexteer Automotive Group Limited announced that they will report first half, 2024 results on Aug 14, 2024 Buy Or Sell Opportunity • Jul 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.8% to HK$3.53. The fair value is estimated to be HK$4.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 39%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$3.66, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$4.40 per share. Buy Or Sell Opportunity • Jul 01
Now 19% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.9% to HK$3.52. The fair value is estimated to be HK$4.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 39%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Announcement • Jun 19
Nexteer Automotive Group Limited Announces Final Dividend for the Year Ended 31 December 2023, Payable on 09 July 2024 Nexteer Automotive Group Limited announced Final Dividend of USD 0.003 per share for the Year Ended 31 December 2023. Ex-dividend date is 21 June 2024. Record date is 27 June 2024. Payment date is 09 July 2024. Buy Or Sell Opportunity • Jun 17
Now 21% undervalued Over the last 90 days, the stock has risen 7.3% to HK$3.84. The fair value is estimated to be HK$4.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 39%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Buy Or Sell Opportunity • Apr 20
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.2% to HK$3.63. The fair value is estimated to be HK$4.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 39%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 31% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$4.14, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total loss to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$7.35 per share. Declared Dividend • Mar 28
Dividend of US$0.003 announced Shareholders will receive a dividend of US$0.003. Ex-date: 21st June 2024 Payment date: 9th July 2024 Dividend yield will be 0.08%, which is lower than the industry average of 4.6%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 9%. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: US$0.01 (vs US$0.023 in FY 2022) Full year 2023 results: EPS: US$0.01 (down from US$0.023 in FY 2022). Revenue: US$4.21b (up 9.6% from FY 2022). Net income: US$36.7m (down 37% from FY 2022). Profit margin: 0.9% (down from 1.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • Mar 13
Nexteer Automotive Group Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 Nexteer Automotive Group Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$3.76, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 5x in the Auto Components industry in Hong Kong. Total loss to shareholders of 63% over the past three years. Announcement • Dec 14
Nexteer Automotive Announces Global Production Milestone of 100 Million Electric Power Steering Systems Nexteer Automotive announced its global production milestone of 100 million electric power steering (EPS) systems – a key technology enabling fuel efficiency and advanced safety and performance. Nexteer is a global leader of EPS – serving more than 60 customers around the world. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to HK$4.64, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Auto Components industry in Hong Kong. Total loss to shareholders of 45% over the past three years. Reported Earnings • Aug 17
First half 2023 earnings released: EPS: US$0.014 (vs US$0.004 loss in 1H 2022) First half 2023 results: EPS: US$0.014 (up from US$0.004 loss in 1H 2022). Revenue: US$2.10b (up 17% from 1H 2022). Net income: US$34.0m (up US$45.1m from 1H 2022). Profit margin: 1.6% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto Components industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Aug 05
Nexteer Automotive Group Limited to Report First Half, 2023 Results on Aug 16, 2023 Nexteer Automotive Group Limited announced that they will report first half, 2023 results on Aug 16, 2023 Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to HK$4.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Auto Components industry in Hong Kong. Total loss to shareholders of 19% over the past three years. Announcement • Jun 22
Nexteer Automotive Group Limited Approves Final Dividend for the Year Ended December 31, 2022, Payable on July 10, 2023 Nexteer Automotive Group Limited announced that at the AGM held on June 20, 2023, approved to declare dividend of USD 0.0047 per ordinary share for the year ended December 31, 2022. The Dividend is payable on July 10, 2023 and the record date for entitlement to the Dividend is June 29, 2023. Reported Earnings • Mar 16
Full year 2022 earnings released: EPS: US$0.02 (vs US$0.047 in FY 2021) Full year 2022 results: EPS: US$0.02 (down from US$0.047 in FY 2021). Revenue: US$3.84b (up 14% from FY 2021). Net income: US$58.0m (down 51% from FY 2021). Profit margin: 1.5% (down from 3.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Auto Components industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Bin Wang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 19% share price gain to HK$4.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Auto Components industry in Hong Kong. Total loss to shareholders of 35% over the past three years. Reported Earnings • Aug 19
First half 2022 earnings released: US$0.004 loss per share (vs US$0.033 profit in 1H 2021) First half 2022 results: US$0.004 loss per share (down from US$0.033 profit in 1H 2021). Revenue: US$1.79b (up 3.3% from 1H 2021). Net loss: US$11.1m (down 113% from profit in 1H 2021). Over the next year, revenue is forecast to grow 16%, compared to a 18% growth forecast for the Auto Components industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 19% share price gain to HK$6.19, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Auto Components industry in Hong Kong. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 17% share price gain to HK$5.81, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Auto Components industry in Hong Kong. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improved over the past week After last week's 21% share price gain to HK$5.26, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Auto Components industry in Hong Kong. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 25% share price gain to HK$4.86, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Auto Components industry in Hong Kong. Total loss to shareholders of 47% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Simon Yick was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 18
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: US$3.36b (up 11% from FY 2020). Net income: US$118.4m (up 1.4% from FY 2020). Profit margin: 3.5% (down from 3.9% in FY 2020). Revenue missed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 13%, compared to a 15% growth forecast for the industry in Hong Kong. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$6.55, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Auto Components industry in Hong Kong. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to HK$8.56, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Auto Components industry in Hong Kong. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 16% share price gain to HK$10.78, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Auto Components industry in Hong Kong. Negligible returns to shareholders over past three years. Reported Earnings • Oct 01
First half 2021 earnings released: EPS US$0.033 (vs US$0.001 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$1.73b (up 43% from 1H 2020). Net income: US$83.1m (up US$81.8m from 1H 2020). Profit margin: 4.8% (up from 0.1% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Executive Departure • Sep 07
Senior VP & CFO William Quigley has left the company On the 1st of September, William Quigley's tenure as Senior VP & CFO ended after 5.2 years in the role. We don't have any record of a personal shareholding under William's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 3.25 years. Reported Earnings • Aug 22
First half 2021 earnings released: EPS US$0.033 (vs US$0.001 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$1.73b (up 43% from 1H 2020). Net income: US$83.1m (up US$81.8m from 1H 2020). Profit margin: 4.8% (up from 0.1% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Executive Departure • Aug 18
President & Global COO Tao Liu has left the company On the 15th of August, Tao Liu's tenure as President & Global COO ended after 1.6 years in the role. We don't have any record of a personal shareholding under Tao's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 3.92 years. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 21% share price gain to US$11.60, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Auto Components industry in Hong Kong. Total returns to shareholders of 4.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$15.39 per share. Executive Departure • Jun 09
Non-Executive Director Ping Liu has left the company On the 9th of June, Ping Liu's tenure as Non-Executive Director ended after 2.0 years in the role. We don't have any record of a personal shareholding under Ping's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.75 years. Reported Earnings • May 02
Full year 2020 earnings released: EPS US$0.047 (vs US$0.093 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$3.03b (down 15% from FY 2019). Net income: US$116.8m (down 50% from FY 2019). Profit margin: 3.9% (down from 6.5% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 18
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$3.03b (down 15% from FY 2019). Net income: US$116.8m (down 50% from FY 2019). Profit margin: 3.9% (down from 6.5% in FY 2019). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$11.48, the stock is trading at a trailing P/E ratio of 36.2x, down from the previous P/E ratio of 43.5x. This compares to an average P/E of 22x in the Auto Components industry in Hong Kong. Total return to shareholders over the past three years is a loss of 28%. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 15% share price gain to US$11.60, the stock is trading at a trailing P/E ratio of 36.6x, up from the previous P/E ratio of 31.7x. This compares to an average P/E of 16x in the Auto Components industry in Hong Kong. Total return to shareholders over the past three years is a loss of 26%. Is New 90 Day High Low • Jan 12
New 90-day high: HK$10.28 The company is up 86% from its price of HK$5.54 on 15 October 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 44% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$9.34 per share. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 35% share price gain to US$10.28, the stock is trading at a trailing P/E ratio of 32.4x, up from the previous P/E ratio of 23.9x. This compares to an average P/E of 15x in the Auto Components industry in Hong Kong. Total return to shareholders over the past three years is a loss of 36%. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 17% share price gain to US$9.68, the stock is trading at a trailing P/E ratio of 30.5x, up from the previous P/E ratio of 26.1x. This compares to an average P/E of 16x in the Auto Components industry in Hong Kong. Total return to shareholders over the past three years is a loss of 44%. Is New 90 Day High Low • Dec 24
New 90-day high: HK$9.02 The company is up 77% from its price of HK$5.09 on 25 September 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$8.95 per share. Is New 90 Day High Low • Dec 09
New 90-day high: HK$9.00 The company is up 72% from its price of HK$5.24 on 11 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$7.72 per share. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 28% share price gain to US$8.04, the stock is trading at a trailing P/E ratio of 25.3x, up from the previous P/E ratio of 19.9x. This compares to an average P/E of 14x in the Auto Components industry in Hong Kong. Total return to shareholders over the past three years is a loss of 46%. Is New 90 Day High Low • Nov 06
New 90-day high: HK$7.32 The company is up 50% from its price of HK$4.88 on 07 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$7.73 per share. Valuation Update With 7 Day Price Move • Oct 21
Market bids up stock over the past week After last week's 15% share price gain to US$6.41, the stock is trading at a trailing P/E ratio of 22.9x, up from the previous P/E ratio of 19.8x. This compares to an average P/E of 14x in the Auto Components industry in Hong Kong. Total return to shareholders over the past three years is a loss of 56%. Is New 90 Day High Low • Oct 16
New 90-day high: HK$6.42 The company is up 24% from its price of HK$5.18 on 17 July 2020. The Hong Kong market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$7.83 per share. 
