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D&G Technology Holding

SEHK:1301
Snowflake Description

Excellent balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1301
SEHK
HK$821M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

D&G Technology Holding Company Limited engages in the research, design, development, manufacture, distribution, and leasing of asphalt mixing machinery. The last earnings update was 93 days ago. More info.


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1301 Share Price and Events
7 Day Returns
-0.7%
SEHK:1301
0.8%
HK Machinery
-0.2%
HK Market
1 Year Returns
33%
SEHK:1301
8.6%
HK Machinery
-4.5%
HK Market
1301 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
D&G Technology Holding (1301) -0.7% 1.5% 2.3% 33% 51.1% -
HK Machinery 0.8% 2.2% -11.2% 8.6% 58.1% 40.1%
HK Market -0.2% 2.7% -8.3% -4.5% 16.5% 1%
1 Year Return vs Industry and Market
  • 1301 outperformed the Machinery industry which returned 8.6% over the past year.
  • 1301 outperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
1301
Industry
5yr Volatility vs Market

Value

 Is D&G Technology Holding 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 D&G Technology Holding 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 D&G Technology Holding.

SEHK:1301 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 9.3%
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:1301
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.081 (1 + (1- 25%) (8.32%))
1.1
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.1 * 6.65%)
9.32%

Discounted Cash Flow Calculation for SEHK:1301 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for D&G Technology Holding 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:1301 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.32%)
2020 25.98 Est @ 37.78% 23.76
2021 33.00 Est @ 27.05% 27.62
2022 39.45 Est @ 19.54% 30.20
2023 45.08 Est @ 14.28% 31.57
2024 49.86 Est @ 10.59% 31.94
2025 53.86 Est @ 8.02% 31.56
2026 57.20 Est @ 6.21% 30.67
2027 60.04 Est @ 4.95% 29.44
2028 62.48 Est @ 4.07% 28.03
2029 64.63 Est @ 3.45% 26.52
Present value of next 10 years cash flows CN¥291.32
SEHK:1301 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥64.63 × (1 + 2%) ÷ (9.32% – 2%)
CN¥901.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥901.57 ÷ (1 + 9.32%)10
CN¥369.99
SEHK:1301 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥291.32 + CN¥369.99
CN¥661.31
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥661.31 / 621.96
CN¥1.06
SEHK:1301 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1301)
1.136
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.06 x 1.136
HK$1.21
Value per share (HKD) From above. HK$1.21
Current discount Discount to share price of HK$1.33
= -1 x (HK$1.33 - HK$1.21) / HK$1.21
-10.1%

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

  • The current share price of D&G Technology Holding is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 D&G Technology Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are D&G Technology Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1301 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-0.08
SEHK:1301 Share Price ** SEHK (2019-07-19) in HKD HK$1.33
SEHK:1301 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥1.17
Hong Kong Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 8.9x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.72x

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

** Primary Listing of D&G Technology Holding.

SEHK:1301 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1301 Share Price ÷ EPS (both in CNY)

= 1.17 ÷ -0.08

-15x

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

  • D&G Technology Holding is loss making, we can't compare its value to the HK Machinery industry average.
  • D&G Technology Holding is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does D&G Technology Holding's expected growth come at a high price?
Raw Data
SEHK:1301 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Machinery Industry PEG Ratio Median Figure of 12 Publicly-Listed Machinery Companies 0.7x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.79x

*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 D&G Technology Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on D&G Technology Holding's assets?
Raw Data
SEHK:1301 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.12
SEHK:1301 Share Price * SEHK (2019-07-19) in HKD HK$1.33
SEHK:1301 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥1.17
Hong Kong Machinery Industry PB Ratio Median Figure of 50 Publicly-Listed Machinery Companies 0.98x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:1301 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1301 Share Price ÷ Book Value per Share (both in CNY)

= 1.17 ÷ 1.12

1.04x

* Primary Listing of D&G Technology Holding.

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

  • D&G Technology Holding is overvalued based on assets compared to the HK Machinery industry average.
X
Value checks
We assess D&G Technology Holding'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. D&G Technology Holding has a total score of 0/6, 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 D&G Technology Holding expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as D&G Technology Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
12.9%
Expected Machinery industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is D&G Technology Holding expected to grow at an attractive rate?
  • Unable to compare D&G Technology Holding's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare D&G Technology Holding's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare D&G Technology Holding's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1301 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Machinery Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Hong Kong Machinery Industry Revenue Growth Rate Market Cap Weighted Average 10.3%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
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:1301 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:1301 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1301 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 328 63 -48
2018-09-30 355 41 -38
2018-06-30 382 19 -28
2018-03-31 415 -25 -3
2017-12-31 448 -69 21
2017-09-30 423 -71 -2
2017-06-30 397 -74 -25
2017-03-31 359 -41 -27
2016-12-31 321 -8 -28
2016-09-30 339 -33 -3
2016-06-30 356 -57 22
2016-03-31 373 -56 27

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if D&G Technology Holding is high growth as no earnings estimate data is available.
  • Unable to determine if D&G Technology Holding 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:1301 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from D&G Technology Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1301 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1301 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -0.08
2018-09-30 -0.06
2018-06-30 -0.04
2018-03-31 -0.01
2017-12-31 0.03
2017-09-30 0.00
2017-06-30 -0.04
2017-03-31 -0.04
2016-12-31 -0.05
2016-09-30 0.00
2016-06-30 0.04
2016-03-31 0.05

*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 D&G Technology Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine D&G Technology Holding's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. D&G Technology Holding's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. D&G Technology Holding's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess D&G Technology Holding'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.
D&G Technology Holding has a total score of 0/6, 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 D&G Technology Holding 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 D&G Technology Holding'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.
  • D&G Technology Holding does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare D&G Technology Holding's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare D&G Technology Holding's 1-year growth to the HK Machinery industry average as it is not currently profitable.
Earnings and Revenue History
D&G Technology Holding'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 D&G Technology Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1301 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 328.16 -48.41 135.86
2018-09-30 355.28 -38.10 143.62
2018-06-30 382.41 -27.79 170.53
2018-03-31 415.17 -3.32 160.97
2017-12-31 447.93 21.16 132.26
2017-09-30 422.59 -1.69 156.36
2017-06-30 397.25 -24.54 180.46
2017-03-31 359.35 -26.52 164.85
2016-12-31 321.45 -28.50 149.24
2016-09-30 338.53 -3.07 132.53
2016-06-30 355.61 22.37 115.83
2016-03-31 372.82 26.58 119.33
2015-12-31 390.03 30.79 122.83
2015-09-30 439.68 57.12 113.75
2015-06-30 471.94 79.45 93.64
2015-03-31 458.13 76.89 89.68
2014-12-31 444.31 74.33 85.72
2014-09-30 443.56 69.42 91.49
2013-12-31 412.26 60.34 88.90
2012-12-31 364.34 46.28 79.04

*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.
  • It is difficult to establish if D&G Technology Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if D&G Technology Holding has efficiently used its assets last year compared to the HK Machinery industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if D&G Technology Holding improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess D&G Technology Holding'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.
D&G Technology Holding has a total score of 0/6, 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 D&G Technology Holding'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 D&G Technology Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • D&G Technology Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • D&G Technology Holding has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of D&G Technology Holding'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.
  • Debt is covered by short term assets, assets are 11.5x debt.
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 D&G Technology Holding Company Filings, last reported 6 months ago.

SEHK:1301 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 697.16 60.10 64.41
2018-09-30 697.16 60.10 64.41
2018-06-30 704.35 61.77 42.21
2018-03-31 704.35 61.77 42.21
2017-12-31 740.82 60.15 42.71
2017-09-30 740.82 60.15 42.71
2017-06-30 737.20 54.58 64.39
2017-03-31 737.20 54.58 64.39
2016-12-31 735.93 63.27 169.26
2016-09-30 735.93 63.27 169.26
2016-06-30 763.06 39.36 147.34
2016-03-31 763.06 39.36 147.34
2015-12-31 762.27 103.38 270.95
2015-09-30 762.27 103.38 270.95
2015-06-30 736.18 44.41 304.34
2015-03-31 736.18 44.41 304.34
2014-12-31 267.08 162.55 28.61
2014-09-30 279.26 52.24 23.71
2013-12-31 345.47 31.84 67.41
2012-12-31 273.19 39.14 62.80
  • D&G Technology Holding's level of debt (8.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (9.2% vs 8.6% today).
  • Debt is well covered by operating cash flow (105.1%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on D&G Technology Holding's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess D&G Technology Holding'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. D&G Technology Holding has a total score of 5/6, 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 D&G Technology Holding'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
0%
Current annual income from D&G Technology Holding dividends.
If you bought HK$2,000 of D&G Technology Holding shares you are expected to receive HK$0 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?
  • Unable to evaluate D&G Technology Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate D&G Technology Holding's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:1301 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 26 Stocks 3.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
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 5.7%

Industry and Market average data is calculated daily.

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

SEHK:1301 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:1301 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-09-18 0.000 0.000
2018-08-29 0.000 0.000
2018-04-19 0.000 0.000
2018-03-28 0.000 0.000
2017-03-30 0.016 1.866
2016-04-18 0.015 1.787
2016-03-30 0.015 2.059

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

  • Unable to perform a dividend volatility check as D&G Technology Holding has not reported any payouts.
  • Unable to verify if D&G Technology Holding's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of D&G Technology Holding's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as D&G Technology Holding has not reported any payouts.
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 D&G Technology Holding'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 D&G Technology Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. D&G Technology Holding has a total score of 0/6, 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 D&G Technology Holding'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
Glendy Choi
COMPENSATION CN¥2,367,000
AGE 48
CEO Bio

Ms. Kwan Li Choi, also Known as Glendy, serves as the Chief Executive Officer of D&G Technology Holding Company Ltd. Ms. Choi is primarily responsible for overseeing the corporate management of Group and the overall management and implementation of business and marketing strategies and plans. Ms. Choi has over 16 years of experience in the trading and manufacturing of specialised engineering equipment. Ms. Choi served as General Manager of Langfang D&G since June 2009. She has been Executive Director of D&G Technology Holding Company Ltd since September 11, 2014. She was legal representative of Langfang D&G in June 2011. She served as a Director of Shenzhen D&G from November 2010 to September 2014. She served as a Director of Langfang D&G since June 2009.

CEO Compensation
  • Glendy's compensation has increased whilst company is loss making.
  • Glendy's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Hung Nang Choi

TITLE
Executive Chairman
COMPENSATION
CN¥3M
AGE
80

Glendy Choi

TITLE
CEO & Executive Director
COMPENSATION
CN¥2M
AGE
48

Tom Liu

TITLE
COO & Executive Director
COMPENSATION
CN¥2M
AGE
49

Kam Chi Lao

TITLE
GM of Sales & Marketing and Executive Director
COMPENSATION
CN¥2M
AGE
57

Derek Choi

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
50

Chin Pang Tsang

TITLE
CFO & Company Secretary
AGE
40
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the D&G Technology Holding board of directors in years:

4.6
Average Tenure
51.5
Average Age
  • The tenure for the D&G Technology Holding board of directors is about average.
Board of Directors

Hung Nang Choi

TITLE
Executive Chairman
COMPENSATION
CN¥3M
AGE
80

Glendy Choi

TITLE
CEO & Executive Director
COMPENSATION
CN¥2M
AGE
48
TENURE
4.8 yrs

Tom Liu

TITLE
COO & Executive Director
COMPENSATION
CN¥2M
AGE
49
TENURE
4.8 yrs

Kam Chi Lao

TITLE
GM of Sales & Marketing and Executive Director
COMPENSATION
CN¥2M
AGE
57
TENURE
4.8 yrs

Derek Choi

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
50
TENURE
4.8 yrs

Wilson Fok

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥214K
AGE
44
TENURE
4.3 yrs

Wiley O’Yang

TITLE
Independent Non-Executive Director
AGE
56
TENURE
0.2 yrs

Lewis Chan

TITLE
Non-Executive Director
COMPENSATION
CN¥177K
AGE
48
TENURE
4.6 yrs

Zongjin Li

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥199K
AGE
66
TENURE
4.3 yrs

Paco Lee

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥199K
AGE
53
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by D&G Technology Holding individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
18. Jul 19 Buy Hung Nang Choi Individual 17. Jul 19 17. Jul 19 558,000 HK$1.33 HK$739,739
11. Jul 19 Buy Hung Nang Choi Individual 10. Jul 19 10. Jul 19 388,000 HK$1.32 HK$512,159
03. Jul 19 Buy Hung Nang Choi Individual 02. Jul 19 02. Jul 19 388,000 HK$1.32 HK$512,160
17. Jun 19 Buy Hung Nang Choi Individual 14. Jun 19 14. Jun 19 256,000 HK$1.29 HK$330,239
11. Jun 19 Buy Hung Nang Choi Individual 10. Jun 19 10. Jun 19 520,000 HK$1.30 HK$676,000
04. Jun 19 Buy Hung Nang Choi Individual 03. Jun 19 03. Jun 19 394,000 HK$1.28 HK$505,028
30. May 19 Buy Hung Nang Choi Individual 29. May 19 29. May 19 338,000 HK$1.29 HK$436,189
22. May 19 Buy Hung Nang Choi Individual 21. May 19 21. May 19 340,000 HK$1.28 HK$435,200
20. May 19 Buy Hung Nang Choi Individual 16. May 19 16. May 19 198,000 HK$1.31 HK$259,380
16. May 19 Buy Hung Nang Choi Individual 15. May 19 15. May 19 318,000 HK$1.30 HK$413,401
15. May 19 Buy Hung Nang Choi Individual 14. May 19 14. May 19 150,000 HK$1.29 HK$193,500
10. May 19 Buy Hung Nang Choi Individual 09. May 19 09. May 19 400,000 HK$1.29 HK$516,000
08. May 19 Buy Hung Nang Choi Individual 07. May 19 07. May 19 248,000 HK$1.28 HK$317,935
08. May 19 Buy Hung Nang Choi Individual 03. May 19 03. May 19 312,000 HK$1.29 HK$402,480
08. May 19 Buy Hung Nang Choi Individual 06. May 19 06. May 19 398,000 HK$1.26 HK$501,480
30. Apr 19 Buy Hung Nang Choi Individual 26. Apr 19 26. Apr 19 496,000 HK$1.28 HK$634,879
17. Apr 19 Buy Hung Nang Choi Individual 16. Apr 19 16. Apr 19 290,000 HK$1.30 HK$377,001
16. Apr 19 Buy Hung Nang Choi Individual 15. Apr 19 15. Apr 19 222,000 HK$1.30 HK$288,601
11. Apr 19 Buy Hung Nang Choi Individual 10. Apr 19 10. Apr 19 800,000 HK$1.27 HK$1,016,000
10. Apr 19 Buy Hung Nang Choi Individual 09. Apr 19 09. Apr 19 292,000 HK$1.28 HK$373,759
02. Apr 19 Buy Hung Nang Choi Individual 01. Apr 19 01. Apr 19 400,000 HK$1.22 HK$487,999
29. Mar 19 Buy Hung Nang Choi Individual 27. Mar 19 27. Mar 19 408,000 HK$1.20 HK$489,600
29. Mar 19 Buy Hung Nang Choi Individual 26. Mar 19 26. Mar 19 80,000 HK$1.20 HK$96,000
23. Jan 19 Buy Hung Nang Choi Individual 21. Jan 19 21. Jan 19 228,000 HK$1.02 HK$232,560
18. Jan 19 Buy Hung Nang Choi Individual 17. Jan 19 17. Jan 19 88,000 HK$1.01 HK$88,880
17. Jan 19 Buy Hung Nang Choi Individual 16. Jan 19 16. Jan 19 220,000 HK$1.03 HK$227,591
16. Jan 19 Buy Hung Nang Choi Individual 15. Jan 19 15. Jan 19 140,000 HK$1.02 HK$142,800
14. Jan 19 Buy Hung Nang Choi Individual 11. Jan 19 11. Jan 19 154,000 HK$1.05 HK$161,254
11. Jan 19 Buy Hung Nang Choi Individual 10. Jan 19 10. Jan 19 98,000 HK$1.06 HK$103,880
08. Jan 19 Buy Hung Nang Choi Individual 07. Jan 19 07. Jan 19 200,000 HK$1.05 HK$210,000
04. Jan 19 Buy Hung Nang Choi Individual 02. Jan 19 02. Jan 19 400,000 HK$1.06 HK$422,001
27. Dec 18 Buy Hung Nang Choi Individual 24. Dec 18 24. Dec 18 50,000 HK$1.04 HK$52,000
21. Dec 18 Buy Hung Nang Choi Individual 18. Dec 18 18. Dec 18 110,000 HK$1.00 HK$110,000
21. Dec 18 Buy Hung Nang Choi Individual 20. Dec 18 20. Dec 18 130,000 HK$1.01 HK$131,339
17. Dec 18 Buy Hung Nang Choi Individual 14. Dec 18 14. Dec 18 64,000 HK$0.99 HK$63,142
11. Dec 18 Buy Hung Nang Choi Individual 10. Dec 18 10. Dec 18 90,000 HK$0.98 HK$88,200
11. Dec 18 Buy Hung Nang Choi Individual 07. Dec 18 07. Dec 18 218,000 HK$0.99 HK$214,992
11. Dec 18 Buy Hung Nang Choi Individual 06. Dec 18 06. Dec 18 204,000 HK$1.00 HK$202,980
15. Nov 18 Buy Hung Nang Choi Individual 15. Nov 18 15. Nov 18 120,000 HK$0.92 HK$110,976
15. Nov 18 Buy Hung Nang Choi Individual 13. Nov 18 13. Nov 18 200,000 HK$0.94 HK$188,001
12. Nov 18 Buy Hung Nang Choi Individual 08. Nov 18 08. Nov 18 300,000 HK$0.91 HK$273,000
07. Nov 18 Buy Hung Nang Choi Individual 07. Nov 18 07. Nov 18 290,000 HK$0.91 HK$264,770
31. Oct 18 Buy Hung Nang Choi Individual 31. Oct 18 31. Oct 18 396,000 HK$0.92 HK$364,281
30. Oct 18 Buy Hung Nang Choi Individual 30. Oct 18 30. Oct 18 292,000 HK$0.91 HK$265,632
23. Oct 18 Buy Hung Nang Choi Individual 19. Oct 18 19. Oct 18 620,000 HK$0.92 HK$572,134
23. Oct 18 Buy Hung Nang Choi Individual 22. Oct 18 22. Oct 18 742,000 HK$0.92 HK$682,567
18. Oct 18 Buy Hung Nang Choi Individual 18. Oct 18 18. Oct 18 144,000 HK$0.93 HK$134,424
15. Oct 18 Buy Hung Nang Choi Individual 12. Oct 18 12. Oct 18 700,000 HK$0.92 HK$642,881
09. Oct 18 Buy Hung Nang Choi Individual 09. Oct 18 09. Oct 18 400,000 HK$0.94 HK$376,600
28. Sep 18 Buy Hung Nang Choi Individual 27. Sep 18 27. Sep 18 330,000 HK$0.94 HK$309,937
27. Sep 18 Buy Hung Nang Choi Individual 26. Sep 18 26. Sep 18 126,000 HK$0.93 HK$117,180
18. Sep 18 Buy Hung Nang Choi Individual 17. Sep 18 17. Sep 18 200,000 HK$0.92 HK$184,000
18. Sep 18 Buy Hung Nang Choi Individual 18. Sep 18 18. Sep 18 194,000 HK$0.93 HK$180,419
18. Sep 18 Buy Hung Nang Choi Individual 14. Sep 18 14. Sep 18 120,000 HK$0.93 HK$111,600
11. Sep 18 Buy Hung Nang Choi Individual 10. Sep 18 10. Sep 18 500,000 HK$0.92 HK$460,002
X
Management checks
We assess D&G Technology Holding'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. D&G Technology Holding 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

One Thing To Remember About The D&G Technology Holding Company Limited (HKG:1301) Share Price

If you're interested in D&G Technology Holding Company Limited (HKG:1301), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … See our latest analysis for D&G Technology Holding What we can learn from 1301's beta value Given that it has a beta of 1.42, we can surmise that the D&G Technology Holding share price has been fairly sensitive to market volatility (over the last 5 years). … What this means for you: Beta only tells us that the D&G Technology Holding share price is sensitive to broader market movements.

Simply Wall St -

The D&G Technology Holding (HKG:1301) Share Price Is Up 52% And Shareholders Are Holding On

For example, the D&G Technology Holding Company Limited (HKG:1301) share price is up 52% in the last three years, clearly besting than the market return of around 23% (not including dividends). … Over the last three years D&G Technology Holding has grown its revenue at 1.1% annually. … Over the last 3 years, D&G Technology Holding generated a TSR of 55%, which is, of course, better than the share price return.

Simply Wall St -

Here's What We Think About D&G Technology Holding Company Limited's (HKG:1301) CEO Pay

According to our data, D&G Technology Holding Company Limited has a market capitalization of HK$808m, and pays its CEO total annual compensation worth CN¥2.4m. … It would therefore appear that D&G Technology Holding Company Limited pays Glendy Choi more than the median CEO remuneration at companies of a similar size, in the same market. … We compared total CEO remuneration at D&G Technology Holding Company Limited with the amount paid at companies with a similar market capitalization.

Simply Wall St -

Estimating The Fair Value Of D&G Technology Holding Company Limited (HKG:1301)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of D&G Technology Holding Company Limited (HKG:1301) as an investment opportunity by estimating the company's future cash flows and discounting them to their present value. … We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (CN¥, Millions) CN¥25.98 CN¥33.00 CN¥39.45 CN¥45.08 CN¥49.86 CN¥53.86 CN¥57.20 CN¥60.04 CN¥62.48 CN¥64.63 Growth Rate Estimate Source Est @ 37.78% Est @ 27.05% Est @ 19.54% Est @ 14.28% Est @ 10.59% Est @ 8.02% Est @ 6.21% Est @ 4.95% Est @ 4.07% Est @ 3.45% Present Value (CN¥, Millions) Discounted @ 9.18% CN¥23.79 CN¥27.69 CN¥30.32 CN¥31.73 CN¥32.14 CN¥31.80 CN¥30.94 CN¥29.74 CN¥28.34 CN¥26.86 Present Value of 10-year Cash Flow (PVCF)= CN¥293.34m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period.

Simply Wall St -

How Many D&G Technology Holding Company Limited (HKG:1301) Shares Did Insiders Buy, In The Last Year?

So before you buy or sell D&G Technology Holding Company Limited (HKG:1301), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At D&G Technology Holding.

Simply Wall St -

Does D&G Technology Holding's (HKG:1301) Share Price Gain of 38% Match Its Business Performance?

D&G Technology Holding isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth. … D&G Technology Holding actually saw its revenue drop by 1.0% per year over three years.

Simply Wall St -

Does D&G Technology Holding Company Limited (HKG:1301) Have A Particularly Volatile Share Price?

If you're interested in D&G Technology Holding Company Limited (HKG:1301), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … The first thing to understand about beta is that the beta of the overall market is one.

Simply Wall St -

Do Institutions Own D&G Technology Holding Company Limited (HKG:1301) Shares?

If you want to know who really controls D&G Technology Holding Company Limited (HKG:1301), then you'll have to look at the makeup of its share registry. … With a market capitalization of HK$620m, D&G Technology Holding is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for D&G Technology Holding

Simply Wall St -

D&G Technology Holding Company Limited (HKG:1301): What Does Its Beta Value Mean For Your Portfolio?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Should D&G Technology Holding Company Limited's (HKG:1301) Recent Earnings Worry You?

Assessing D&G Technology Holding Company Limited's (HKG:1301) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how D&G Technology Holding is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its machinery industry peers. … 1301's trailing twelve-month earnings (from 31 December 2017) of CN¥21.16m has

Simply Wall St -

Company Info

Description

D&G Technology Holding Company Limited engages in the research, design, development, manufacture, distribution, and leasing of asphalt mixing machinery. Its products include conventional hot-mix asphalt mixing plants and recycling hot-mix asphalt mixing plants. It also engages in selling spare parts and components; and provides equipment modification services, including modifying conventional plants, installing components with recycling functions, upgrading control systems, and other customized services. In addition, it offers machinery finance services. The company was founded in 1999 and is headquartered in Sheung Wan, Hong Kong. D&G Technology Holding Company Limited is a subsidiary of Prima Dg Investment Holding Company Limited.

Details
Name: D&G Technology Holding Company Limited
1301
Exchange: SEHK
Founded: 1999
HK$820,984,560
621,958,000
Website: http://www.dgtechnology.com
Address: D&G Technology Holding Company Limited
Hing Lung Commercial Building,
7th Floor,
Sheung Wan,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1301 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 27. May 2015
Number of employees
Current staff
Staff numbers
453
D&G Technology Holding employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:58
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2018/03/28
Last earnings filing: 2019/04/17
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.