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Boer Power Holdings

SEHK:1685
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1685
SEHK
HK$279M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Boer Power Holdings Limited, an investment holding company, designs, manufactures, and sells electrical distribution equipment; and provision of electrical distribution systems solution services in the People’s Republic of China. The last earnings update was 87 days ago. More info.


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  • Boer Power Holdings has significant price volatility in the past 3 months.
1685 Share Price and Events
7 Day Returns
1.4%
SEHK:1685
-1.5%
HK Electrical
-0.2%
HK Market
1 Year Returns
-59%
SEHK:1685
-28.9%
HK Electrical
-4.5%
HK Market
1685 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Boer Power Holdings (1685) 1.4% -14.1% -34.8% -59% -88.1% -96.3%
HK Electrical -1.5% -4.6% -19.6% -28.9% -35.4% -37.4%
HK Market -0.2% 2.7% -8.3% -4.5% 16.5% 1%
1 Year Return vs Industry and Market
  • 1685 underperformed the Electrical industry which returned -28.9% over the past year.
  • 1685 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
1685
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Boer Power Holdings's competitors could be found in our database.

Value

 Is Boer Power 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 Boer Power 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 Boer Power Holdings.

SEHK:1685 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 13.9%
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:1685
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 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.185 (1 + (1- 25%) (478.11%))
3.969
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 5.96%)
13.92%

Discounted Cash Flow Calculation for SEHK:1685 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Boer Power 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:1685 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 13.92%)
2020 131.19 Est @ 4.6% 115.16
2021 136.21 Est @ 3.82% 104.95
2022 140.67 Est @ 3.28% 95.14
2023 144.74 Est @ 2.89% 85.93
2024 148.54 Est @ 2.63% 77.41
2025 152.16 Est @ 2.44% 69.60
2026 155.67 Est @ 2.31% 62.51
2027 159.13 Est @ 2.22% 56.09
2028 162.55 Est @ 2.15% 50.29
2029 165.98 Est @ 2.11% 45.07
Present value of next 10 years cash flows CN¥762.14
SEHK:1685 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥165.98 × (1 + 2%) ÷ (13.92% – 2%)
CN¥1,420.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥1,420.31 ÷ (1 + 13.92%)10
CN¥385.72
SEHK:1685 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥762.14 + CN¥385.72
CN¥1,147.86
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥1,147.86 / 773.77
CN¥1.48
SEHK:1685 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1685)
1.136
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.48 x 1.136
HK$1.69
Value per share (HKD) From above. HK$1.69
Current discount Discount to share price of HK$0.37
= -1 x (HK$0.37 - HK$1.69) / HK$1.69
78.3%

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

Current Discount
Amount off the current price Boer Power Holdings is available for.
Intrinsic value
>50%
Share price is HK$0.37 vs Future cash flow value of HK$1.69
Current Discount Checks
For Boer Power Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Boer Power Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Boer Power 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 Boer Power Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Boer Power Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1685 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-1.28
SEHK:1685 Share Price ** SEHK (2019-07-19) in HKD HK$0.37
SEHK:1685 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.32
Hong Kong Electrical Industry PE Ratio Median Figure of 23 Publicly-Listed Electrical Companies 10.6x
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 Boer Power Holdings.

SEHK:1685 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1685 Share Price ÷ EPS (both in CNY)

= 0.32 ÷ -1.28

-0.25x

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

  • Boer Power Holdings is loss making, we can't compare its value to the HK Electrical industry average.
  • Boer Power Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Boer Power Holdings's expected growth come at a high price?
Raw Data
SEHK:1685 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Electrical Industry PEG Ratio Median Figure of 9 Publicly-Listed Electrical Companies 0.96x
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 Boer Power Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Boer Power Holdings's assets?
Raw Data
SEHK:1685 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.31
SEHK:1685 Share Price * SEHK (2019-07-19) in HKD HK$0.37
SEHK:1685 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.32
Hong Kong Electrical Industry PB Ratio Median Figure of 34 Publicly-Listed Electrical Companies 0.62x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:1685 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1685 Share Price ÷ Book Value per Share (both in CNY)

= 0.32 ÷ 0.31

1.04x

* Primary Listing of Boer Power Holdings.

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

  • Boer Power Holdings is overvalued based on assets compared to the HK Electrical industry average.
X
Value checks
We assess Boer Power 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. Boer Power Holdings has a total score of 2/6, 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 Boer Power Holdings 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 Boer Power 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 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
8.2%
Expected Electrical industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Boer Power Holdings expected to grow at an attractive rate?
  • Unable to compare Boer Power Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Boer Power Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Boer Power Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1685 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Electrical Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
Hong Kong Electrical Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
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:1685 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:1685 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1685 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 628 152 -958
2018-09-30 692 165 -737
2018-06-30 755 178 -516
2018-03-31 757 111 -368
2017-12-31 759 43 -221
2017-09-30 675 162 -462
2017-06-30 591 280 -702
2017-03-31 525 208 -703
2016-12-31 458 135 -704
2016-09-30 1,109 -200 -222
2016-06-30 1,761 -535 260
2016-03-31 2,117 -888 390

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Boer Power Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Boer Power Holdings 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:1685 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 Boer Power Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1685 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1685 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -1.28
2018-09-30 -0.98
2018-06-30 -0.69
2018-03-31 -0.49
2017-12-31 -0.29
2017-09-30 -0.62
2017-06-30 -0.94
2017-03-31 -0.94
2016-12-31 -0.94
2016-09-30 -0.30
2016-06-30 0.35
2016-03-31 0.52

*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 Boer Power Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 1685’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.
  2. Boer Power Holdings'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. Boer Power Holdings'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 Boer Power 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.
Boer Power Holdings 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 Boer Power 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 Boer Power 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.
  • Boer Power Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Boer Power Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Boer Power Holdings's 1-year growth to the HK Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Boer Power 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 Boer Power Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1685 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 628.24 -958.43 1,142.34
2018-09-30 691.79 -737.05 968.82
2018-06-30 755.34 -515.66 795.31
2018-03-31 757.01 -368.32 599.51
2017-12-31 758.67 -220.97 403.71
2017-09-30 674.89 -461.65 668.72
2017-06-30 591.11 -702.32 933.74
2017-03-31 524.69 -703.36 942.32
2016-12-31 458.27 -704.40 950.91
2016-09-30 1,109.42 -221.98 606.00
2016-06-30 1,760.57 260.44 261.10
2016-03-31 2,117.11 390.16 276.14
2015-12-31 2,473.65 519.88 291.19
2015-09-30 2,385.36 528.45 268.63
2015-06-30 2,297.08 537.02 246.07
2015-03-31 2,172.77 497.97 234.39
2014-12-31 2,048.45 458.92 222.72
2014-09-30 1,807.45 427.37 218.61
2014-06-30 1,566.45 395.81 214.50
2014-03-31 1,460.22 370.46 207.74
2013-12-31 1,353.99 345.11 200.99
2013-09-30 1,321.29 335.05 192.28
2013-06-30 1,288.59 324.99 183.57
2013-03-31 1,254.90 309.56 169.94
2012-12-31 1,221.21 294.14 156.30
2012-09-30 1,158.89 271.44 153.98

*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 Boer Power Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Boer Power Holdings has efficiently used its assets last year compared to the HK Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Boer Power Holdings 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 Boer Power 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.
Boer Power Holdings 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 Boer Power 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 Boer Power Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Boer Power Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Boer Power Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Boer Power 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 1x 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 Boer Power Holdings Company Filings, last reported 6 months ago.

SEHK:1685 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 189.09 1,079.16 9.73
2018-09-30 189.09 1,079.16 9.73
2018-06-30 858.78 1,169.15 16.43
2018-03-31 858.78 1,169.15 16.43
2017-12-31 1,188.25 1,458.18 15.66
2017-09-30 1,188.25 1,458.18 15.66
2017-06-30 1,371.08 1,449.23 26.60
2017-03-31 1,371.08 1,449.23 26.60
2016-12-31 1,348.74 1,639.74 30.84
2016-09-30 1,348.74 1,639.74 30.84
2016-06-30 2,120.31 1,807.69 92.26
2016-03-31 2,120.31 1,807.69 92.26
2015-12-31 2,199.61 1,878.12 254.79
2015-09-30 2,199.61 1,878.12 254.79
2015-06-30 2,241.84 395.43 1,030.75
2015-03-31 2,241.84 395.43 1,030.75
2014-12-31 2,192.87 763.84 944.77
2014-09-30 2,192.87 421.07 1,566.18
2014-06-30 1,973.62 1,224.09 1,640.05
2014-03-31 1,973.62 1,224.09 1,640.05
2013-12-31 1,962.58 429.54 1,604.78
2013-09-30 1,962.58 429.54 1,604.78
2013-06-30 1,740.25 248.50 797.44
2013-03-31 1,740.25 248.50 797.44
2012-12-31 1,737.65 0.00 876.45
2012-09-30 1,737.65 0.00 876.45
  • Boer Power Holdings's level of debt (620%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (22.3% vs 620% today).
  • Debt is not well covered by operating cash flow (13%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Boer Power Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Boer Power 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. Boer Power Holdings has a total score of 2/6, 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 Boer Power 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
0%
Current annual income from Boer Power Holdings dividends.
If you bought HK$2,000 of Boer Power Holdings 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 Boer Power Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Boer Power Holdings'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:1685 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 Electrical Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.3%
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:1685 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:1685 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2017-09-15 0.000 0.000
2017-08-28 0.000 0.000
2017-04-25 0.000 0.000
2017-03-29 0.000 0.000
2016-04-25 0.493 18.133
2016-03-30 0.491 11.052
2015-11-05 0.590 5.788
2015-09-10 0.571 5.533
2015-08-12 0.574 5.191
2015-05-05 0.296 2.362
2015-02-05 0.255 2.957
2014-01-17 0.109 1.525
2013-04-23 0.093 2.052
2013-03-26 0.095 2.521
2012-03-27 0.080 3.392
2011-03-23 0.057 2.249

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

  • Unable to perform a dividend volatility check as Boer Power Holdings has not reported any payouts.
  • Unable to verify if Boer Power Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Boer Power Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Boer Power Holdings 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 Boer Power 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 Boer Power Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Boer Power Holdings 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 Boer Power 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
Yixiang Qian
COMPENSATION CN¥28,000
AGE 45
CEO Bio

Mr. Yixiang Qian serves as the Chief Executive Officer and Chairman of the Board at Boer Power Holdings Limited. Mr. Qian serves as the Chairman and Chief Executive Officer of Wuxi Boer Power Instrumentation Co.,Ltd. Mr. Qian is primarily responsible for the overall management and strategic development of Boer Power Holdings. He joined Wuxi Boer in July 1995 and served as General Manager of Wuxi Boer since January 1998. Since he first joined Wuxi Boer in July 1995, he has acquired knowledge and experience about the electrical distribution systems and the electrical distribution equipment industry. He has been an Executive Director of Boer Power Holdings Limited since February 12, 2010. He served as a Director of Shanghai Boer as at the Latest Practicable Date. Mr. Qian graduated from Jiangnan University with a diploma in Business Management in 1995.

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

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

4
Average Tenure
48
Average Age
  • The tenure for the Boer Power Holdings management team is about average.
Management Team

Yixiang Qian

TITLE
Chairman & CEO
COMPENSATION
CN¥28K
AGE
45

Lingxia Jia

TITLE
COO & Executive Director
COMPENSATION
CN¥28K
AGE
46

Zhongming Qian

TITLE
VP & Executive Director
AGE
72

Saibin Zha

TITLE
VP & Executive Director
COMPENSATION
CN¥25K
AGE
52

Yuk Chun Kwok

TITLE
Finance Director & Company Secretary
AGE
48
TENURE
8.5 yrs

Chang Wu

TITLE
Business & Technology Director
AGE
49
TENURE
2.3 yrs

Jiang Lu

TITLE
Investor Relations Manager
AGE
38

Di An

TITLE
Human Resources & Legal Director
AGE
46
TENURE
4 yrs

Weidong Han

TITLE
Customer Center Director
AGE
52
TENURE
4.1 yrs
Board of Directors Tenure

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

9.1
Average Tenure
51
Average Age
  • The tenure for the Boer Power Holdings board of directors is about average.
Board of Directors

Yixiang Qian

TITLE
Chairman & CEO
COMPENSATION
CN¥28K
AGE
45

Lingxia Jia

TITLE
COO & Executive Director
COMPENSATION
CN¥28K
AGE
46
TENURE
9.4 yrs

Zhongming Qian

TITLE
VP & Executive Director
AGE
72
TENURE
9.4 yrs

Saibin Zha

TITLE
VP & Executive Director
COMPENSATION
CN¥25K
AGE
52
TENURE
9.4 yrs

Chi Yeung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥305K
AGE
50
TENURE
8.8 yrs

Jianrong Tang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥203K
AGE
55
TENURE
8.8 yrs

Weimin Qu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥152K
AGE
51
TENURE
2.9 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$) Value (HK$)
10. Sep 18 Buy King Able Limited Company 07. Sep 18 07. Sep 18 574,000 HK$0.42 HK$243,030
03. Sep 18 Buy King Able Limited Company 31. Aug 18 31. Aug 18 200,000 HK$0.42 HK$84,559
29. Aug 18 Buy King Able Limited Company 28. Aug 18 28. Aug 18 1,850,000 HK$0.44 HK$822,688
29. Aug 18 Buy King Able Limited Company 27. Aug 18 27. Aug 18 376,000 HK$0.43 HK$160,251
X
Management checks
We assess Boer Power 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. Boer Power 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

The Boer Power Holdings (HKG:1685) Share Price Is Down 96% So Some Shareholders Are Very Salty

Spare a thought for those who held Boer Power Holdings Limited (HKG:1685) for five whole years - as the share price tanked 96%. … See our latest analysis for Boer Power Holdings Boer Power Holdings isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … You could get a better understanding of Boer Power Holdings's growth by checking out this more detailed historical graph of earnings, revenue and cash flow.

Simply Wall St -

Imagine Owning Boer Power Holdings And Trying To Stomach The 94% Share Price Drop

Boer Power Holdings Limited (HKG:1685) shareholders should be happy to see the share price up 11% in the last month. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … It's good to see that Boer Power Holdings went from making a loss to making a profit, within the last three years.

Simply Wall St -

What does Boer Power Holdings Limited's (HKG:1685) Balance Sheet Tell Us About Its Future?

Investors are always looking for growth in small-cap stocks like Boer Power Holdings Limited (HKG:1685), with a market cap of HK$549m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

What Investors Should Know About Boer Power Holdings Limited's (HKG:1685) Financial Strength

While small-cap stocks, such as Boer Power Holdings Limited (HKG:1685) with its market cap of CN¥394.62m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

Who Owns Most Of Boer Power Holdings Limited (HKG:1685)?

I am going to take a deep dive into Boer Power Holdings Limited’s (SEHK:1685) most recent ownership structure, not a frequent subject of discussion among individual investors. … Insider ownership has to do more with how the company is managed and less to do with the direct impact of the magnitude of shares trading on the market. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: With a low level of institutional ownership, investors in 1685 need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

What You Must Know About Boer Power Holdings Limited's (HKG:1685) Financial Strength

With this debt repayment, 1685 currently has CN¥30.8M remaining in cash and short-term investments , ready to deploy into the business. … On top of this, 1685 has generated cash from operations of CN¥135.3M in the last twelve months, leading to an operating cash to total debt ratio of 8.00%, indicating that 1685’s current level of operating cash is not high enough to cover debt. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: 1685’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Company Info

Description

Boer Power Holdings Limited, an investment holding company, designs, manufactures, and sells electrical distribution equipment; and provision of electrical distribution systems solution services in the People’s Republic of China. It operates through four segments: Electrical Distribution System Solutions, Intelligent Electrical Distribution System Solutions, Energy Efficiency Solutions, and Components and Spare Parts Business. The company offers electrical distribution system to distribute electricity at converted voltage for end users; and intelligent power grid solutions and intelligent power distribution integrated solutions. It also provides managed and enhanced energy efficiency solutions; equipment enhanced energy efficiency solutions; cloud-managed services and remote monitoring systems; and engineering, procurement, construction, and maintenance services for photovoltaic power plants, as well as sells electricity generated from self-owned photovoltaic power plants. In addition, the company offers photovoltaic products, capacitors, and components and spare parts. Further, it engages in the trading of electrical distribution equipment, and components and spare parts, as well as in the development and sale of software. The company offers its products and services to medical, data center, real estate, power grid, industrial park, and other sectors. The company was founded in 1985 and is headquartered in Wuxi, the People’s Republic of China. Boer Power Holdings Limited is a subsidiary of King Able Limited.

Details
Name: Boer Power Holdings Limited
1685
Exchange: SEHK
Founded: 1985
HK$278,556,840
773,769,000
Website: http://www.boerpower.com
Address: Boer Power Holdings Limited
Yangshi Industrial Park,
Luoyang Road,
Wuxi,
Jiangsu Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1685 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 20. Oct 2010
DB BOE Ordinary Shares Deutsche Boerse AG DE EUR 20. Oct 2010
SZSC 1685 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 20. Oct 2010
Number of employees
Current staff
Staff numbers
978
Boer Power Holdings employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 13:01
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2018/03/27
Last earnings filing: 2019/04/23
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.