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1399

Veson Holdings SEHK:1399 Stock Report

Last Price

HK$0.24

Market Cap

HK$258.3m

7D

-12.2%

1Y

-5.2%

Updated

04 Oct, 2022

Data

Company Financials
1399 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends0/6

1399 Stock Overview

Veson Holdings Limited, an investment holding company, engages in the research, development, manufacture, and sale of lithium-ion battery modules and related accessories for mobile phones, notebooks, tablets, and digital electronic appliances in the People's Republic of China.

Veson Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Veson Holdings
Historical stock prices
Current Share PriceHK$0.24
52 Week HighHK$0.32
52 Week LowHK$0.23
Beta0.76
1 Month Change-8.85%
3 Month Change-13.82%
1 Year Change-5.20%
3 Year Change-30.29%
5 Year Changen/a
Change since IPO-92.23%

Recent News & Updates

Jul 22
Investors Will Want Veson Holdings' (HKG:1399) Growth In ROCE To Persist

Investors Will Want Veson Holdings' (HKG:1399) Growth In ROCE To Persist

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...

Shareholder Returns

1399HK ElectricalHK Market
7D-12.2%-8.2%-4.3%
1Y-5.2%-19.6%-28.3%

Return vs Industry: 1399 exceeded the Hong Kong Electrical industry which returned -19.6% over the past year.

Return vs Market: 1399 exceeded the Hong Kong Market which returned -28.3% over the past year.

Price Volatility

Is 1399's price volatile compared to industry and market?
1399 volatility
1399 Average Weekly Movement7.6%
Electrical Industry Average Movement7.3%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.7%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 1399 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 1399's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19973,155Xiu Qin Lianhttps://www.vesonhldg.com

Veson Holdings Limited, an investment holding company, engages in the research, development, manufacture, and sale of lithium-ion battery modules and related accessories for mobile phones, notebooks, tablets, and digital electronic appliances in the People's Republic of China. The company operates through Original Design Manufacturing Business, Bare Battery Cell Business, and Others segments. It offers power banks; motive batteries and related accessories for branded mobile phones, notebooks, tablets, and EV manufacturers; power management modules; smart wearable device batteries and related accessories; and lithium-ion bare battery cells, as well as chargers and network terminal products.

Veson Holdings Fundamentals Summary

How do Veson Holdings's earnings and revenue compare to its market cap?
1399 fundamental statistics
Market CapHK$258.33m
Earnings (TTM)HK$50.77m
Revenue (TTM)HK$7.78b

5.1x

P/E Ratio

0.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1399 income statement (TTM)
RevenueCN¥7.05b
Cost of RevenueCN¥6.55b
Gross ProfitCN¥501.87m
Other ExpensesCN¥455.86m
EarningsCN¥46.01m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.042
Gross Margin7.12%
Net Profit Margin0.65%
Debt/Equity Ratio125.1%

How did 1399 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 1399 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1399?

Other financial metrics that can be useful for relative valuation.

1399 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA6.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 1399's PE Ratio compare to its peers?

1399 PE Ratio vs Peers
The above table shows the PE ratio for 1399 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.4x
42 Northeast Electric Development
20.3xn/aHK$262.0m
8118 Bortex Global
83xn/aHK$220.0m
725 Perennial International
8.9xn/aHK$129.3m
8115 Shanghai Qingpu Fire-Fighting Equipment
1.2xn/aHK$76.8m
1399 Veson Holdings
5.1xn/aHK$258.3m

Price-To-Earnings vs Peers: 1399 is good value based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (28.4x).


Price to Earnings Ratio vs Industry

How does 1399's PE Ratio compare vs other companies in the Asian Electrical Industry?

Price-To-Earnings vs Industry: 1399 is good value based on its Price-To-Earnings Ratio (5.1x) compared to the Asian Electrical industry average (23.3x)


Price to Earnings Ratio vs Fair Ratio

What is 1399's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1399 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1399's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1399 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 1399's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 1399's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Veson Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.6%

Forecasted Capital Goods industry annual growth in earnings

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 Veson Holdings 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 SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of 1399’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Veson Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Veson Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-8.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1399 has high quality earnings.

Growing Profit Margin: 1399 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 1399's earnings have declined by 8.3% per year over the past 5 years.

Accelerating Growth: 1399 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 1399 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electrical industry (-16.3%).


Return on Equity

High ROE: 1399's Return on Equity (4%) is considered low.


Discover strong past performing companies

Financial Health

How is Veson Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1399's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥3.6B).

Long Term Liabilities: 1399's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥344.4M).


Debt to Equity History and Analysis

Debt Level: 1399's net debt to equity ratio (108.4%) is considered high.

Reducing Debt: 1399's debt to equity ratio has increased from 41.8% to 125.1% over the past 5 years.

Debt Coverage: 1399's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 1399's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Veson Holdings Dividend Yield vs Market
How does Veson Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (Veson Holdings)0%
Market Bottom 25% (HK)3.1%
Market Top 25% (HK)9.0%
Industry Average (Electrical)3.4%
Analyst forecast in 3 Years (Veson Holdings)n/a

Notable Dividend: Unable to evaluate 1399's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1399's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1399's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1399's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 1399 is not paying a notable dividend for the Hong Kong market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 1399 has not reported any payouts.


Discover strong dividend paying companies

Management

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

14.8yrs

Average management tenure


CEO

Xiu Qin Lian (49 yo)

4.08yrs

Tenure

CN¥949,000

Compensation

Ms. Xiu Qin Lian is an Executive Director and the Chief Executive Officer of Veson Holdings Limited (formerly known as SCUD Group Limited) (Group) since September 27, 2018. She is primarily responsible for...


CEO Compensation Analysis

Xiu Qin Lian's Compensation vs Veson Holdings Earnings
How has Xiu Qin Lian's remuneration changed compared to Veson Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

CN¥46m

Mar 31 2022n/an/a

CN¥44m

Dec 31 2021CN¥949kCN¥737k

CN¥42m

Sep 30 2021n/an/a

CN¥14m

Jun 30 2021n/an/a

-CN¥13m

Mar 31 2021n/an/a

-CN¥33m

Dec 31 2020CN¥1mCN¥934k

-CN¥53m

Sep 30 2020n/an/a

-CN¥22m

Jun 30 2020n/an/a

CN¥9m

Mar 31 2020n/an/a

CN¥31m

Dec 31 2019CN¥923kCN¥700k

CN¥53m

Sep 30 2019n/an/a

CN¥68m

Jun 30 2019n/an/a

CN¥84m

Mar 31 2019n/an/a

CN¥88m

Dec 31 2018CN¥1mCN¥332k

CN¥93m

Compensation vs Market: Xiu Qin's total compensation ($USD133.40K) is below average for companies of similar size in the Hong Kong market ($USD241.94K).

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


Leadership Team

Experienced Management: 1399's management team is seasoned and experienced (14.8 years average tenure).


Board Members

Experienced Board: 1399's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of 1399?
Owner TypeNumber of SharesOwnership Percentage
Institutions546,0000.05%
General Public537,117,24649.3%
Individual Insiders552,338,00050.7%

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


Top Shareholders

Top 2 shareholders own 50.72% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
50.67%
Jin Fang
552,338,000CN¥130.9m0%no data
0.05%
Acadian Asset Management LLC
546,000CN¥129.4k0%no data

Company Information

Veson Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Veson Holdings Limited
  • Ticker: 1399
  • Exchange: SEHK
  • Founded: 1997
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: HK$258.330m
  • Shares outstanding: 1.09b
  • Website: https://www.vesonhldg.com

Number of Employees


Location

  • Veson Holdings Limited
  • Leighton Centre
  • 10th Floor
  • Causeway Bay
  • Hong Kong


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1399SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2006

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.