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ISDN Holdings

SEHK:1656
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1656
SEHK
SGD99M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

ISDN Holdings Limited provides motion control, other engineering solutions, and industrial computing solutions in Singapore and internationally. The last earnings update was 68 days ago. More info.


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1656 Share Price and Events
7 Day Returns
-1.5%
SEHK:1656
-0.4%
HK Electrical
0.8%
HK Market
1 Year Returns
12.1%
SEHK:1656
-27.4%
HK Electrical
-4.4%
HK Market
1656 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ISDN Holdings (1656) -1.5% 0% -2.3% 12.1% - -
HK Electrical -0.4% -4.9% -18.6% -27.4% -34.2% -36.2%
HK Market 0.8% 1.5% -7.4% -4.4% 17.7% 1.6%
1 Year Return vs Industry and Market
  • 1656 outperformed the Electrical industry which returned -27.4% over the past year.
  • 1656 outperformed the Market in Hong Kong which returned -4.4% over the past year.
Price Volatility
1656
Industry
5yr Volatility vs Market

Value

 Is ISDN Holdings 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 ISDN Holdings 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 ISDN Holdings.

SEHK:1656 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
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:1656
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.19
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.187 (1 + (1- 17%) (29.77%))
1.322
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.322 * 5.96%)
9.88%

Discounted Cash Flow Calculation for SEHK:1656 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ISDN Holdings 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:1656 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 9.88%)
2020 12.38 Analyst x1 11.27
2021 15.90 Analyst x1 13.17
2022 18.77 Est @ 18.04% 14.15
2023 21.25 Est @ 13.23% 14.58
2024 23.35 Est @ 9.86% 14.58
2025 25.10 Est @ 7.5% 14.26
2026 26.57 Est @ 5.85% 13.74
2027 27.81 Est @ 4.7% 13.09
2028 28.90 Est @ 3.89% 12.38
2029 29.86 Est @ 3.32% 11.64
Present value of next 10 years cash flows SGD132.84
SEHK:1656 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SGD29.86 × (1 + 2%) ÷ (9.88% – 2%)
SGD386.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD386.67 ÷ (1 + 9.88%)10
SGD150.72
SEHK:1656 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD132.84 + SGD150.72
SGD283.57
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD283.57 / 421.68
SGD0.67
SEHK:1656 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SEHK:1656 represents 5.53189x of SGX:I07
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
5.53189x
Value per Share
(Listing Adjusted, HKD)
= Value per Share (SGD) x Listing Adjustment Factor
= SGD 0.67 x 5.53189
HK$3.72
Value per share (HKD) From above. HK$3.72
Current discount Discount to share price of HK$1.30
= -1 x (HK$1.30 - HK$3.72) / HK$3.72
65.1%

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

Current Discount
Amount off the current price ISDN Holdings is available for.
Intrinsic value
>50%
Share price is HK$1.3 vs Future cash flow value of HK$3.72
Current Discount Checks
For ISDN Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ISDN Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ISDN Holdings's share price is below the future cash flow value, and 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 ISDN Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ISDN Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1656 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SGD SGD0.03
SGX:I07 Share Price ** SGX (2019-07-19) in SGD SGD0.24
Hong Kong Electrical Industry PE Ratio Median Figure of 23 Publicly-Listed Electrical Companies 10.76x
Hong Kong Market PE Ratio Median Figure of 1,511 Publicly-Listed Companies 10.76x

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

** Primary Listing of ISDN Holdings.

SEHK:1656 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:I07 Share Price ÷ EPS (both in SGD)

= 0.24 ÷ 0.03

9.34x

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

  • ISDN Holdings is good value based on earnings compared to the HK Electrical industry average.
  • ISDN Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does ISDN Holdings's expected growth come at a high price?
Raw Data
SEHK:1656 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
15.2%per year
Hong Kong Electrical Industry PEG Ratio Median Figure of 9 Publicly-Listed Electrical Companies 0.94x
Hong Kong Market PEG Ratio Median Figure of 480 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

SEHK:1656 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.34x ÷ 15.2%

0.61x

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

  • ISDN Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on ISDN Holdings's assets?
Raw Data
SEHK:1656 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SGD SGD0.37
SGX:I07 Share Price * SGX (2019-07-19) in SGD SGD0.24
Hong Kong Electrical Industry PB Ratio Median Figure of 34 Publicly-Listed Electrical Companies 0.64x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:1656 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:I07 Share Price ÷ Book Value per Share (both in SGD)

= 0.24 ÷ 0.37

0.64x

* Primary Listing of ISDN Holdings.

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

  • ISDN Holdings is overvalued based on assets compared to the HK Electrical industry average.
X
Value checks
We assess ISDN Holdings'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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. ISDN Holdings has a total score of 5/6, 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 ISDN Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
15.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ISDN Holdings expected to grow at an attractive rate?
  • ISDN Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • ISDN Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • ISDN Holdings's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1656 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1656 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 15.2%
SEHK:1656 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.4%
Hong Kong Electrical Industry Earnings Growth Rate Market Cap Weighted Average 8.3%
Hong Kong Electrical Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*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:1656 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1656 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 368 18 15 1
2020-12-31 345 12 14 1
2019-12-31 317 10 12 1
SEHK:1656 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-03-31 301 10 10
2018-12-31 302 12 11
2018-09-30 301 15 14
2018-06-30 309 17 15
2018-03-31 300 14 13
2017-12-31 292 5 9
2017-09-30 289 -4 11
2017-06-30 283 -2 8
2017-03-31 266 6 6
2016-12-31 259 12 5
2016-09-30 243 12 4
2016-06-30 236 10 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ISDN Holdings's earnings are expected to grow by 15.2% yearly, however this is not considered high growth (20% yearly).
  • ISDN Holdings's revenue is expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
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:1656 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from ISDN Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1656 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.04 0.04 0.04 1.00
2020-12-31 0.03 0.03 0.03 1.00
2019-12-31 0.03 0.03 0.03 1.00
SEHK:1656 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-03-31 0.03
2018-12-31 0.03
2018-09-30 0.04
2018-06-30 0.04
2018-03-31 0.03
2017-12-31 0.02
2017-09-30 0.03
2017-06-30 0.02
2017-03-31 0.02
2016-12-31 0.01
2016-09-30 0.01
2016-06-30 0.02

*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.
  • ISDN Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ISDN Holdings'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.
ISDN Holdings has a total score of 2/6, 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 ISDN Holdings 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 ISDN Holdings's growth in the last year to its industry (Electrical).
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.
  • ISDN Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • ISDN Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ISDN Holdings's 1-year earnings growth is negative, it can't be compared to the HK Electrical industry average.
Earnings and Revenue History
ISDN Holdings'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 ISDN Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1656 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 301.34 9.96 57.63
2018-12-31 301.99 10.95 56.67
2018-09-30 301.09 14.24 56.41
2018-06-30 309.04 14.83 56.60
2018-03-31 300.49 12.97 56.20
2017-12-31 291.96 9.49 55.69
2017-09-30 288.78 10.64 52.58
2017-06-30 283.07 8.35 53.29
2017-03-31 265.51 6.22 52.46
2016-12-31 258.50 5.15 52.26
2016-09-30 243.04 4.04 52.15
2016-06-30 236.49 5.33 50.64
2016-03-31 243.74 6.51 50.01
2015-12-31 235.30 8.72 50.01
2015-09-30 240.75 8.72 51.51
2015-06-30 240.95 9.50 51.44
2015-03-31 239.49 10.22 49.77
2014-12-31 230.52 7.46 47.41
2014-09-30 228.91 6.87 49.68
2014-06-30 204.13 5.02 45.32
2014-03-31 186.09 4.11 44.24
2013-12-31 173.75 4.75 42.60
2013-09-30 155.27 2.90 37.34
2013-06-30 159.19 3.64 38.69
2013-03-31 151.58 4.15 36.66
2012-12-31 153.52 5.41 36.14
2012-09-30 152.68 7.10 35.09

*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.
  • ISDN Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ISDN Holdings used its assets less efficiently than the HK Electrical industry average last year based on Return on Assets.
  • ISDN Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ISDN Holdings'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 Electrical 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.
ISDN Holdings has a total score of 1/6, 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 ISDN Holdings'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 ISDN Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ISDN Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ISDN Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ISDN Holdings'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 6.6x 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 ISDN Holdings Company Filings, last reported 3 months ago.

SEHK:1656 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 194.48 29.22 43.41
2018-12-31 182.21 28.37 42.79
2018-09-30 161.81 25.74 34.18
2018-06-30 163.43 15.07 32.64
2018-03-31 160.62 12.88 34.17
2017-12-31 151.83 14.46 38.83
2017-09-30 149.32 13.93 32.63
2017-06-30 148.41 12.72 30.76
2017-03-31 146.29 10.42 33.55
2016-12-31 136.14 13.32 39.36
2016-09-30 131.46 12.73 34.11
2016-06-30 129.18 12.23 32.21
2016-03-31 139.30 14.54 34.68
2015-12-31 139.27 14.29 39.77
2015-09-30 141.24 15.82 39.17
2015-06-30 136.34 15.88 36.03
2015-03-31 135.32 12.91 34.40
2014-12-31 129.73 13.09 38.20
2014-09-30 120.17 15.60 33.49
2014-06-30 114.03 14.50 33.28
2014-03-31 112.91 11.79 36.02
2013-12-31 118.91 14.21 41.88
2013-09-30 110.13 16.33 40.88
2013-06-30 109.55 16.03 42.44
2013-03-31 88.90 17.07 26.85
2012-12-31 86.92 21.87 25.30
2012-09-30 86.56 17.69 26.33
  • ISDN Holdings's level of debt (15.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (11% vs 15.2% today).
  • Debt is well covered by operating cash flow (33.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 23.8x coverage).
X
Financial health checks
We assess ISDN Holdings'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. ISDN Holdings 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 ISDN Holdings'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
2.98%
Current annual income from ISDN Holdings dividends. Estimated to be 3.4% next year.
If you bought HK$2,000 of ISDN Holdings shares you are expected to receive HK$60 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?
  • ISDN Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • ISDN Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.71%).
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:1656 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 1 Analyst Estimates (S&P Global) See Below
Hong Kong Electrical Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.2%
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:1656 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.01 1.00
2020-12-31 0.01 1.00
2019-12-31 0.01 1.00
SEHK:1656 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-04 0.007 3.053
2018-02-27 0.006 2.845
2017-02-24 0.003 1.340
2016-04-06 0.004 1.982
2015-05-07 0.004 1.886
2014-05-06 0.004 1.414
2013-06-05 0.005 0.754
2012-03-02 0.005 3.253
2011-04-27 0.005 3.443
2010-11-04 0.000 0.000
2010-08-06 0.000 0.000
2010-05-11 0.000 0.000
2010-04-16 0.000 0.000
2010-02-24 0.000 0.000
2009-04-20 0.003 1.484
2009-02-20 0.003 1.191

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of ISDN Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4x coverage).
X
Income/ dividend checks
We assess ISDN Holdings'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 ISDN Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ISDN Holdings has a total score of 4/6, 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 ISDN Holdings'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
Cher Koon Teo
COMPENSATION SGD3,603,000
AGE 60
CEO Bio

Mr. Cher Koon Teo serves as the Managing Director and President of ISDN Holdings Limited and serves as its Executive Director since December 28, 2004. Mr. Teo joined ISDN Holdings Limited., subsidiary, Servo Dynamics Pte Ltd ('Servo Dynamics') in 1987. He serves as Managing Director and Director of Dirak Asia Pte. Ltd. He has more than 20 years of experience in the motion control and industrial computing industries and is experienced in all aspects of the business. Mr. Teo is responsible for formulating corporate strategies, general management and providing technical advice to ISDN Holdings Limited. Group and is particularly active in procurement and marketing activities of its Group. Mr. Teo is instrumental in sourcing new products and technology and securing new customers for its Group. Before that, he was a sales engineer in a local engineering product distribution company, K L Chua & Brothers Pte Ltd from 1981 to 1984. He has been an Executive Director of Isdn Holding s Ltd. since December 28, 2004. He serves as a Director of DKM South Asia Pte Ltd. He serves as Director of Eisele Asia Co., Ltd; JM Vistec System Pte Ltd; Leaptron Engineering Pte Ltd; Maxon Electronic Machine International Trade (Shanghai) Co., Ltd; Maxon Motor (Suzhou) Co., Ltd; Motion Control Group Pte Ltd; Servo Dynamics (H.K.) Limited; Servo Dynamics Pte Ltd; Servo Dynamics (Thailand) Co., Ltd; Servo Engineering Sdn Bhd; Servo-matic Technology (M) Sdn Bhd; Servo Suzhou Co., Ltd; other companies: Assetraise Holdings Limited and Dirak Suzhou Co., Ltd. He served as Director of Portwell Singapore Pte Ltd. other companies: Adlink Technology Singapore Pte Ltd; Leaptron Technology Pte Ltd; SDL Technologies Pte Ltd and Taiwan Servo Dynamics Co., Ltd. Mr. Teo obtained his Bachelor of Engineering (Mechanical) from the National University of Singapore in 1987.

CEO Compensation
  • Cher Koon's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Cher Koon's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the ISDN Holdings management team in years:

7.4
Average Tenure
48
Average Age
  • The average tenure for the ISDN Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Cher Koon Teo

TITLE
President
COMPENSATION
SGD4M
AGE
60

Deyang Kong

TITLE
Senior VP of PRC Operations & Executive Director
COMPENSATION
SGD2M
AGE
58

Christine Ho

TITLE
Chief Financial Officer
AGE
44
TENURE
2.4 yrs

Gwendolyn Gn

TITLE
Joint Company Secretary
AGE
48
TENURE
12.4 yrs

Lucy Cheng

TITLE
Joint Company Secretary
TENURE
0.6 yrs

Ka Man Chow

TITLE
Vice President of Hong Kong Operations & Managing Director of Servo Dynamics (HK) Limited
AGE
44
TENURE
23.5 yrs
Board of Directors Tenure

Average tenure and age of the ISDN Holdings board of directors in years:

13.8
Average Tenure
59
Average Age
  • The average tenure for the ISDN Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Siang Kai Lim

TITLE
Independent Non Executive Chairman
COMPENSATION
SGD53K
AGE
63

Cher Koon Teo

TITLE
President
COMPENSATION
SGD4M
AGE
60
TENURE
14.6 yrs

Deyang Kong

TITLE
Senior VP of PRC Operations & Executive Director
COMPENSATION
SGD2M
AGE
58
TENURE
13.8 yrs

Beng Keng Soh

TITLE
Independent Non-Executive Director
COMPENSATION
SGD42K
AGE
65
TENURE
13.8 yrs

Soon Liang Tan

TITLE
Independent & Non-Executive Director
COMPENSATION
SGD42K
AGE
46
TENURE
2.9 yrs

Keith Toh

TITLE
Non-Executive Director
AGE
44
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
08. Jul 19 Buy Novo Tellus Capital Partners Company 05. Jul 19 05. Jul 19 451,000 HK$1.37 HK$619,858
18. Mar 19 Buy Novo Tellus Capital Partners Company 18. Mar 19 18. Mar 19 26,987,295 HK$1.16 HK$31,350,078
15. Aug 18 Buy Cher Koon Teo Individual 13. Aug 18 13. Aug 18 468,400 HK$1.26 HK$589,999
13. Aug 18 Buy Cher Koon Teo Individual 10. Aug 18 10. Aug 18 631,600 HK$0.22 HK$141,287
13. Aug 18 Buy Cher Koon Teo Individual 10. Aug 18 10. Aug 18 631,600 HK$1.28 HK$809,043
X
Management checks
We assess ISDN Holdings'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. ISDN Holdings 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

Company Info

Description

ISDN Holdings Limited provides motion control, other engineering solutions, and industrial computing solutions in Singapore and internationally. The company provides the conceptualization, design, development, prototyping, procurement, assembly production, testing, commissioning, installation, software design and customization, and after-sales technical support services for motion control systems; standard modular construction components for use in industrial automation systems; and hardware components, such as industrial locks and hinges, latches, and other fitting technology. It also engages in assembling and manufacturing special purpose motors and gears; and trading and distributing spares, components, and motors. In addition, the company offers industrial computing products and services, such as industrial computer systems customizing and assembling, and software installing services; hardware and automation products; system integration services for industrial computing systems; and software development and integration advisory services. It serves manufacturers and original design manufacturers of products and equipment that have requirements in precision controls in defense, medical, aerospace, oil and gas, robotic, aerospace, medical, textile, information technology and telecommunications, packaging, alternative energy, automotive, semiconductor, special-purpose machine tools, and marine and offshore industries. The company was founded in 1986 and is headquartered in Singapore. ISDN Holdings Limited is a subsidiary of Assetraise Holdings Limited.

Details
Name: ISDN Holdings Limited
1656
Exchange: SEHK
Founded: 1986
SGD568,696,416
421,676,481
Website: http://www.isdnholdings.com
Address: ISDN Holdings Limited
No. 01-30 KB Industrial Building,
No. 10 Kakit Bukit Road 1,
Singapore,
416175,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX I07 Ordinary Shares Singapore Exchange SG SGD 24. Nov 2005
DB I8D Ordinary Shares Deutsche Boerse AG DE EUR 24. Nov 2005
SEHK 1656 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 24. Nov 2005
Number of employees
Current staff
Staff numbers
856
ISDN Holdings employees.
Industry
Heavy Electrical Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 13:09
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/06/28
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
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.