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Wuxi Sunlit Science and Technology

SEHK:1289
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1289
SEHK
HK$201M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Wuxi Sunlit Science and Technology Company Limited engages in the research and development, design, manufacture, equipment supply, installation, testing, repair, and maintenance of production lines for manufacturing steel wire products in the People’s Republic of China. The last earnings update was 62 days ago. More info.


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  • Wuxi Sunlit Science and Technology has significant price volatility in the past 3 months.
1289 Share Price and Events
7 Day Returns
-7.1%
SEHK:1289
-2.2%
HK Machinery
-2%
HK Market
1 Year Returns
-16.5%
SEHK:1289
-3.2%
HK Machinery
-13.2%
HK Market
1289 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wuxi Sunlit Science and Technology (1289) -7.1% -16.9% -23% -16.5% -59.5% -
HK Machinery -2.2% 2.3% -4% -3.2% 61.1% 48.6%
HK Market -2% -2.7% -9.8% -13.2% 18.1% 4.3%
1 Year Return vs Industry and Market
  • 1289 underperformed the Machinery industry which returned -3.2% over the past year.
  • 1289 underperformed the Market in Hong Kong which returned -13.2% over the past year.
Price Volatility
1289
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Wuxi Sunlit Science and Technology's competitors could be found in our database.

1289 Value

 Is Wuxi Sunlit Science and Technology 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 Wuxi Sunlit Science and Technology 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 Wuxi Sunlit Science and Technology.

SEHK:1289 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year HK Government Bond Rate 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 SEHK:1289
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.065 (1 + (1- 25%) (0%))
1.044
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.044 * 5.96%)
8.22%

Discounted Cash Flow Calculation for SEHK:1289 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wuxi Sunlit Science and Technology 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.

SEHK:1289 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.22%)
2019 25.40 Est @ -24.03% 23.47
2020 21.28 Est @ -16.22% 18.17
2021 18.99 Est @ -10.75% 14.98
2022 17.68 Est @ -6.93% 12.88
2023 16.92 Est @ -4.25% 11.40
2024 16.52 Est @ -2.37% 10.28
2025 16.35 Est @ -1.06% 9.40
2026 16.32 Est @ -0.14% 8.68
2027 16.41 Est @ 0.5% 8.06
2028 16.56 Est @ 0.95% 7.52
Present value of next 10 years cash flows CN¥124.84
SEHK:1289 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥16.56 × (1 + 2%) ÷ (8.22% – 2%)
CN¥271.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥271.61 ÷ (1 + 8.22%)10
CN¥123.24
SEHK:1289 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥124.84 + CN¥123.24
CN¥248.07
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥248.07 / 128.00
CN¥1.94
SEHK:1289 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1289)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.94 x 1.135
HK$2.2
Value per share (HKD) From above. HK$2.20
Current discount Discount to share price of HK$1.57
= -1 x (HK$1.57 - HK$2.20) / HK$2.20
28.6%

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

Current Discount
Amount off the current price Wuxi Sunlit Science and Technology is available for.
Intrinsic value
29%
Share price is HK$1.57 vs Future cash flow value of HK$2.2
Current Discount Checks
For Wuxi Sunlit Science and Technology to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wuxi Sunlit Science and Technology's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wuxi Sunlit Science and Technology'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 Wuxi Sunlit Science and Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wuxi Sunlit Science and Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1289 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.38
SEHK:1289 Share Price ** SEHK (2019-06-18) in HKD HK$1.57
SEHK:1289 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.38
Hong Kong Machinery Industry PE Ratio Median Figure of 33 Publicly-Listed Machinery Companies 9.09x
Hong Kong Market PE Ratio Median Figure of 1,488 Publicly-Listed Companies 10.66x

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

** Primary Listing of Wuxi Sunlit Science and Technology.

SEHK:1289 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1289 Share Price ÷ EPS (both in CNY)

= 1.38 ÷ 0.38

3.69x

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

  • Wuxi Sunlit Science and Technology is good value based on earnings compared to the HK Machinery industry average.
  • Wuxi Sunlit Science and Technology is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Wuxi Sunlit Science and Technology's expected growth come at a high price?
Raw Data
SEHK:1289 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
10.6%per year
Hong Kong Machinery Industry PEG Ratio Median Figure of 12 Publicly-Listed Machinery Companies 0.76x
Hong Kong Market PEG Ratio Median Figure of 467 Publicly-Listed Companies 0.75x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Wuxi Sunlit Science and Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wuxi Sunlit Science and Technology's assets?
Raw Data
SEHK:1289 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥4.92
SEHK:1289 Share Price * SEHK (2019-06-18) in HKD HK$1.57
SEHK:1289 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.38
Hong Kong Machinery Industry PB Ratio Median Figure of 47 Publicly-Listed Machinery Companies 0.86x
Hong Kong Market PB Ratio Median Figure of 2,170 Publicly-Listed Companies 0.93x
SEHK:1289 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1289 Share Price ÷ Book Value per Share (both in CNY)

= 1.38 ÷ 4.92

0.28x

* Primary Listing of Wuxi Sunlit Science and Technology.

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

  • Wuxi Sunlit Science and Technology is good value based on assets compared to the HK Machinery industry average.
X
Value checks
We assess Wuxi Sunlit Science and Technology'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Wuxi Sunlit Science and Technology has a total score of 4/6, 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.

1289 Future Performance

 How is Wuxi Sunlit Science and Technology expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Wuxi Sunlit Science and Technology, future earnings growth has been estimated based on fundamentals.
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
10.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wuxi Sunlit Science and Technology expected to grow at an attractive rate?
  • Wuxi Sunlit Science and Technology's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Wuxi Sunlit Science and Technology's earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare Wuxi Sunlit Science and Technology's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1289 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1289 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 10.6%
Hong Kong Machinery Industry Earnings Growth Rate Market Cap Weighted Average 12.8%
Hong Kong Machinery Industry Revenue Growth Rate Market Cap Weighted Average 10%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*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
SEHK:1289 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1289 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 177 44 48
2018-09-30 199 26 58
2018-06-30 220 45 67
2018-03-31 190 60 50
2017-12-31 161 38 33
2017-09-30 144 44 34
2017-06-30 127 50 35
2017-03-31 120 60 32
2016-12-31 112 69 29
2016-09-30 83 73 2
2016-06-30 53 78 -24
2016-03-31 61 62 -56

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wuxi Sunlit Science and Technology's earnings are expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Wuxi Sunlit Science and Technology is high growth as no revenue estimate data is available.
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
SEHK:1289 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Wuxi Sunlit Science and Technology Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1289 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.38
2018-09-30 0.45
2018-06-30 0.52
2018-03-31 0.39
2017-12-31 0.26
2017-09-30 0.27
2017-06-30 0.28
2017-03-31 0.25
2016-12-31 0.22
2016-09-30 0.02
2016-06-30 -0.19
2016-03-31 -0.44

*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.
  • Unable to establish if Wuxi Sunlit Science and Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Wuxi Sunlit Science and Technology'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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
Wuxi Sunlit Science and Technology 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.

1289 Past Performance

  How has Wuxi Sunlit Science and Technology 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 Wuxi Sunlit Science and Technology's growth in the last year to its industry (Machinery).
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.
  • Wuxi Sunlit Science and Technology's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Wuxi Sunlit Science and Technology's 1-year earnings growth exceeds its 5-year average (43.6% vs -19.1%)
  • Wuxi Sunlit Science and Technology's earnings growth has exceeded the HK Machinery industry average in the past year (43.6% vs 17.4%).
Earnings and Revenue History
Wuxi Sunlit Science and Technology'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 Wuxi Sunlit Science and Technology Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1289 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 176.86 48.05 34.75
2018-09-30 198.51 57.61 31.01
2018-06-30 220.17 67.17 17.70
2018-03-31 190.38 50.31 19.86
2017-12-31 160.58 33.46 31.59
2017-09-30 143.91 34.40 29.85
2017-06-30 127.23 35.34 28.12
2017-03-31 119.76 31.97 26.15
2016-12-31 112.28 28.61 24.18
2016-09-30 82.71 2.40 26.23
2016-06-30 53.13 -23.82 28.28
2016-03-31 60.65 -56.31 74.73
2015-12-31 68.17 -88.80 121.18
2015-09-30 143.69 -46.18 114.94
2015-06-30 219.20 -3.56 108.71
2015-03-31 266.75 54.02 68.19
2014-12-31 314.30 111.60 27.66
2014-09-30 294.85 116.17 33.15
2014-06-30 275.41 120.74 38.65
2014-03-31 297.18 125.87 45.69
2013-12-31 318.95 130.99 52.73
2012-12-31 323.60 125.27 62.75

*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.
  • Wuxi Sunlit Science and Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wuxi Sunlit Science and Technology used its assets more efficiently than the HK Machinery industry average last year based on Return on Assets.
  • Wuxi Sunlit Science and Technology has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Wuxi Sunlit Science and Technology'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 Machinery 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.
Wuxi Sunlit Science and Technology has a total score of 4/6, 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.

1289 Health

 How is Wuxi Sunlit Science and Technology'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 Wuxi Sunlit Science and Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wuxi Sunlit Science and Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wuxi Sunlit Science and Technology has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wuxi Sunlit Science and Technology'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.
  • Wuxi Sunlit Science and Technology 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 Wuxi Sunlit Science and Technology Company Filings, last reported 5 months ago.

SEHK:1289 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 629.60 0.00 297.66
2018-09-30 629.60 0.00 297.66
2018-06-30 627.26 0.00 271.73
2018-03-31 627.26 0.00 271.73
2017-12-31 590.13 0.00 255.13
2017-09-30 590.13 0.00 255.13
2017-06-30 568.68 0.00 228.84
2017-03-31 568.68 0.00 228.84
2016-12-31 563.08 0.00 223.81
2016-09-30 563.08 0.00 223.81
2016-06-30 539.74 0.00 198.11
2016-03-31 539.74 0.00 198.11
2015-12-31 534.47 0.00 169.80
2015-09-30 534.47 0.00 169.80
2015-06-30 563.56 0.00 168.09
2015-03-31 563.56 0.00 168.09
2014-12-31 642.47 75.25 239.56
2014-09-30 642.47 75.25 239.56
2014-06-30 553.94 54.54 108.95
2014-03-31 553.94 54.54 108.95
2013-12-31 497.98 46.54 82.68
2012-12-31 366.99 30.00 96.88
  • Wuxi Sunlit Science and Technology has no debt.
  • Wuxi Sunlit Science and Technology has no debt compared to 5 years ago when it was 9.4%.
  • Wuxi Sunlit Science and Technology has no debt, it does not need to be covered by operating cash flow.
  • Wuxi Sunlit Science and Technology has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Wuxi Sunlit Science and Technology'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. Wuxi Sunlit Science and Technology 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.

1289 Dividends

 What is Wuxi Sunlit Science and Technology'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
3.61%
Current annual income from Wuxi Sunlit Science and Technology dividends.
If you bought HK$2,000 of Wuxi Sunlit Science and Technology shares you are expected to receive HK$72 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?
  • Wuxi Sunlit Science and Technology's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.1%).
  • Wuxi Sunlit Science and Technology's dividend is below the markets top 25% of dividend payers in Hong Kong (5.95%).
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
SEHK:1289 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 0 Analyst Estimates (S&P Global) See Below
Hong Kong Machinery Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 4.3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:1289 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-18 0.050 3.113
2019-03-29 0.050 2.781
2018-03-29 0.050 3.060
2017-04-20 0.050 2.245
2016-09-14 0.000 0.000
2016-08-18 0.000 0.000
2016-04-20 0.000 0.000
2016-03-29 0.000 0.000
2015-04-24 0.150 3.648
2015-03-27 0.150 2.301

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

  • Wuxi Sunlit Science and Technology has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Wuxi Sunlit Science and Technology has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Wuxi Sunlit Science and Technology's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Wuxi Sunlit Science and Technology's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Wuxi Sunlit Science and Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wuxi Sunlit Science and Technology has a total score of 2/6, see the detailed checks below.


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

1289 Management

 What is the CEO of Wuxi Sunlit Science and Technology'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
Deqiang Zhang
COMPENSATION CN¥583,000
AGE 49
TENURE AS CEO 8.3 years
CEO Bio

Mr. Deqiang Zhang has been General Manager and Executive Director of Wuxi Sunlit Science and Technology Company Limited since March 2011 and July 24, 2012 respectively. Mr. Zhang is one of the founders of Wuxi Group. He has been an acting as the supervisor of Jiangsu Sunlit since August 2009; the supervisor of Haisheng Software since July 2011; and the general manager of Wuxi Shangda since December 2011. From August 1991 to October 1995, Mr. Zhang worked in Haiying Enterprise Group Company Limited, where he gained experience in designing machinery. From October 1995 to April 2006, Mr. Zhang worked as the department head of the production and technical department in Wuxi Murata Electronics Company Limited, which was principally engaged in the sale and manufacture of electronic products and components. From April 2004 to November 2005, he acted as the supervisor of Jiangyin Sanzhi, which was principally engaged in the installation, modification, repair and maintenance of industrial automatic control equipment. From April 2009 to December 2011, Mr. Zhang acted as the director of Sanzhi Gongkong and as its supervisor since December 2011. In August 1998, he was conferred by (Wuxi City Engineer Technology Intermediate Qualification Socialisation Evaluation Committee) with the qualification of engineer. In January 2011, Mr. Zhang was recognised by (Zhoutie Town People's Government) and (Zhoutie Town Committee of the Communist Party of China) as the (star factory director (manager) for the year 2010. He was also accredited with an outstanding non-public entrepreneur for two consecutive years in 2010 and 2011 by (Wuxi People's Government) and (Wuxi Municipal Committee of the Communist Party of China). Mr. Zhang obtained a bachelor's degree in engineering majoring in electronic precision machinery from Southeast University in July 1991.

CEO Compensation
  • Deqiang's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Deqiang's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Wuxi Sunlit Science and Technology management team in years:

5.8
Average Tenure
46
Average Age
  • The average tenure for the Wuxi Sunlit Science and Technology management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Degang Zhang

TITLE
Executive Chairman
COMPENSATION
CN¥586K
AGE
46

Deqiang Zhang

TITLE
GM & Executive Director
COMPENSATION
CN¥583K
AGE
49
TENURE
8.3 yrs

Zhao Yuanxing

TITLE
CFO & Financial Controller
AGE
52
TENURE
3.8 yrs

Jinghua Yang

TITLE
Personnel & General Affairs Manager and Supervisor
COMPENSATION
CN¥154K
AGE
37

Wing Yan Ho

TITLE
Company Secretary
AGE
37
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the Wuxi Sunlit Science and Technology board of directors in years:

6.9
Average Tenure
50
Average Age
  • The tenure for the Wuxi Sunlit Science and Technology board of directors is about average.
Board of Directors

Degang Zhang

TITLE
Executive Chairman
COMPENSATION
CN¥586K
AGE
46
TENURE
6.9 yrs

Deqiang Zhang

TITLE
GM & Executive Director
COMPENSATION
CN¥583K
AGE
49
TENURE
6.9 yrs

Jinghua Yang

TITLE
Personnel & General Affairs Manager and Supervisor
COMPENSATION
CN¥154K
AGE
37
TENURE
6.9 yrs

Chaojian Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥100K
AGE
53
TENURE
6.9 yrs

Hugo Ho

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥100K
AGE
47
TENURE
5.8 yrs

Jiashan Peng

TITLE
Chairman of the Board of Supervisors
AGE
55

Jinghua Zhang

TITLE
Non-Executive Director
AGE
56
TENURE
5.8 yrs

Feng Gao

TITLE
Non-Executive Director
AGE
51
TENURE
6.9 yrs

Fuping Gao

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥100K
AGE
55
TENURE
5.8 yrs

Yi Wei

TITLE
Supervisor
AGE
48
TENURE
4.8 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 (HK$) Value (HK$)
X
Management checks
We assess Wuxi Sunlit Science and Technology'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. Wuxi Sunlit Science and Technology 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.

1289 News

Simply Wall St News

Did You Manage To Avoid Wuxi Sunlit Science and Technology's (HKG:1289) Painful 55% Share Price Drop?

Long term Wuxi Sunlit Science and Technology Company Limited (HKG:1289) shareholders know that all too well, since the share price is down considerably over three years. … Wuxi Sunlit Science and Technology became profitable within the last five years. … We note that for Wuxi Sunlit Science and Technology the TSR over the last 3 years was -52%, which is better than the share price return mentioned above.

Simply Wall St -

A Look At The Fair Value Of Wuxi Sunlit Science and Technology Company Limited (HKG:1289)

Today we will run through one way of estimating the intrinsic value of Wuxi Sunlit Science and Technology Company Limited (HKG:1289) by estimating the company's future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (CN¥, Millions) CN¥25.40 CN¥21.28 CN¥18.99 CN¥17.68 CN¥16.92 CN¥16.52 CN¥16.35 CN¥16.32 CN¥16.41 CN¥16.56 Growth Rate Estimate Source Est @ -24.03% Est @ -16.22% Est @ -10.75% Est @ -6.93% Est @ -4.25% Est @ -2.37% Est @ -1.06% Est @ -0.14% Est @ 0.5% Est @ 0.95% Present Value (CN¥, Millions) Discounted @ 8.16% CN¥23.48 CN¥18.19 CN¥15.01 CN¥12.92 CN¥11.44 CN¥10.32 CN¥9.44 CN¥8.72 CN¥8.10 CN¥7.56 Present Value of 10-year Cash Flow (PVCF)= CN¥125.18m "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = CN¥17m × (1 + 2%) ÷ (8.2% – 2%) = CN¥275m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = CN¥CN¥275m ÷ ( 1 + 8.2%)10 = CN¥125.33m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is CN¥250.51m.

Simply Wall St -

Should Wuxi Sunlit Science and Technology Company Limited (HKG:1289) Be Your Next Stock Pick?

I've been keeping an eye on Wuxi Sunlit Science and Technology Company Limited (HKG:1289) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe 1289 has a lot to offer. … is a company with great financial health as well as a

Simply Wall St -

Is Wuxi Sunlit Science and Technology Company Limited (HKG:1289) A Smart Pick For Income Investors?

Is Wuxi Sunlit Science and Technology Company Limited (HKG:1289) a good dividend stock? … Investors might not know much about Wuxi Sunlit Science and Technology's dividend prospects, even though it has been paying dividends for the last four years and offers a 2.8% yield. … There are a few simple ways to reduce the risks of buying Wuxi Sunlit Science and Technology for its dividend, and we'll go through these below.

Simply Wall St -

What Kind Of Shareholder Owns Most Wuxi Sunlit Science and Technology Company Limited (HKG:1289) Stock?

The big shareholder groups in Wuxi Sunlit Science and Technology Company Limited (HKG:1289) have power over the company. … Wuxi Sunlit Science and Technology is a smaller company with a market capitalization of HK$314m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Wuxi Sunlit Science and Technology

Simply Wall St -

Those Who Purchased Wuxi Sunlit Science and Technology Shares Three Years Ago Have A 48% Loss To Show For It

Wuxi Sunlit Science and Technology Company Limited (HKG:1289) shareholders should be happy to see the share price up 21% in the last quarter. … Check out our latest analysis for Wuxi Sunlit Science and Technology. … Wuxi Sunlit Science and Technology became profitable within the last five years.

Simply Wall St -

Does Wuxi Sunlit Science and Technology Company Limited's (HKG:1289) CEO Pay Reflect Performance?

Deqiang Zhang has been the CEO of Wuxi Sunlit Science and Technology Company Limited (HKG:1289) since 2011. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for Wuxi Sunlit Science and Technology

Simply Wall St -

Is Wuxi Sunlit Science and Technology Company Limited (HKG:1289) Investing Effectively In Its Business?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Do Institutions Own Wuxi Sunlit Science and Technology Company Limited (HKG:1289) Shares?

The big shareholder groups in Wuxi Sunlit Science and Technology Company Limited (HKG:1289) have power over the company. … Wuxi Sunlit Science and Technology is a smaller company with a market capitalization of HK$236m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Wuxi Sunlit Science and Technology

Simply Wall St -

Is Wuxi Sunlit Science and Technology Company Limited's (HKG:1289) CEO Pay Fair?

How Does Deqiang Zhang's Compensation Compare With Similar Sized Companies. … Our data indicates that Wuxi Sunlit Science and Technology Company Limited is worth HK$224m, and total annual CEO compensation is CN¥560k. … A first glance this seems like a real positive for shareholders, since Deqiang Zhang is paid less than the average compensation paid by similar sized companies.

Simply Wall St -

1289 Company Info

Description

Wuxi Sunlit Science and Technology Company Limited engages in the research and development, design, manufacture, equipment supply, installation, testing, repair, and maintenance of production lines for manufacturing steel wire products in the People’s Republic of China. Its products include brass electroplating wire production lines, intermediate wire heat treatment lines, wire rod pretreatment lines, double-twist stranding machines, and wet drawing machines, as well as other machines, such as grinding mills, angle grinders, grinding machines, chemical corrosion-resistant troughs, steel wire surface induction heating diffusion equipment, and heat-treatment lead pots. The company is also involved in the trading of machinery products; and software development and software patent rights trading activities. Its products are used in various industries, including radial tire cords, bead wires, sawing wires, hose wires, precision steel wires, and others. The company was founded in 2006 and is headquartered in Wuxi, the People’s Republic of China.

Details
Name: Wuxi Sunlit Science and Technology Company Limited
1289
Exchange: SEHK
Founded: 2006
HK$200,960,000
128,000,000
Website: http://www.wxsunlit.com
Address: Wuxi Sunlit Science and Technology Company Limited
1 Yanxin Road East,
Huishan Economic Development Zone,
Wuxi,
Jiangsu Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1289 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 11. Nov 2014
Number of employees
Current staff
Staff numbers
138
Wuxi Sunlit Science and Technology employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 12:55
End of day share price update: 2019/06/18 00:00
Last earnings filing: 2019/04/18
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.