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Johnson Electric Holdings

SEHK:179
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
179
SEHK
HK$12B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Johnson Electric Holdings Limited, an investment holding company, researches and develops, manufactures, licenses, and sells motion products, control systems, and flexible interconnects worldwide. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
  • Johnson Electric Holdings has significant price volatility in the past 3 months.
179 Share Price and Events
7 Day Returns
-6.3%
SEHK:179
0.1%
HK Electrical
0.6%
HK Market
1 Year Returns
-38.3%
SEHK:179
-27.9%
HK Electrical
-4.5%
HK Market
179 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Johnson Electric Holdings (179) -6.3% -13.3% -25.5% -38.3% -25.9% -53%
HK Electrical 0.1% -5.4% -16.6% -27.9% -34.7% -36.8%
HK Market 0.6% 0.4% -7% -4.5% 17.8% 1.1%
1 Year Return vs Industry and Market
  • 179 underperformed the Electrical industry which returned -27.9% over the past year.
  • 179 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
179
Industry
5yr Volatility vs Market
Related Companies

179 Value

 Is Johnson Electric 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 Johnson Electric 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 Johnson Electric Holdings.

SEHK:179 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:179
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
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- 25%) (43.01%))
1.381
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.38
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.381 * 6.65%)
11.19%

Discounted Cash Flow Calculation for SEHK:179 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Johnson Electric 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:179 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.19%)
2020 241.00 Analyst x1 216.75
2021 228.00 Analyst x2 184.42
2022 201.00 Analyst x1 146.22
2023 221.00 Analyst x1 144.59
2024 231.00 Analyst x1 135.92
2025 234.52 Est @ 1.52% 124.10
2026 238.43 Est @ 1.67% 113.48
2027 242.65 Est @ 1.77% 103.86
2028 247.11 Est @ 1.84% 95.13
2029 251.77 Est @ 1.89% 87.17
Present value of next 10 years cash flows $1,351.63
SEHK:179 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $251.77 × (1 + 2%) ÷ (11.19% – 2%)
$2,795.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,795.45 ÷ (1 + 11.19%)10
$967.83
SEHK:179 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,351.63 + $967.83
$2,319.46
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,319.46 / 864.54
$2.68
SEHK:179 Discount to Share Price
Calculation Result
Exchange Rate USD/HKD
(Reporting currency to currency of SEHK:179)
7.806
Value per Share
(HKD)
= Value per Share in USD x Exchange Rate (USD/HKD)
= $2.68 x 7.806
HK$20.94
Value per share (HKD) From above. HK$20.94
Current discount Discount to share price of HK$14.10
= -1 x (HK$14.10 - HK$20.94) / HK$20.94
32.7%

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

Current Discount
Amount off the current price Johnson Electric Holdings is available for.
Intrinsic value
33%
Share price is HK$14.1 vs Future cash flow value of HK$20.94
Current Discount Checks
For Johnson Electric Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Johnson Electric Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Johnson Electric Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Johnson Electric Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Johnson Electric Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:179 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.32
SEHK:179 Share Price ** SEHK (2019-07-22) in HKD HK$14.1
SEHK:179 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.128 $1.81
Hong Kong Electrical Industry PE Ratio Median Figure of 23 Publicly-Listed Electrical Companies 10.77x
Hong Kong Market PE Ratio Median Figure of 1,512 Publicly-Listed Companies 10.77x

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

** Primary Listing of Johnson Electric Holdings.

SEHK:179 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:179 Share Price ÷ EPS (both in USD)

= 1.81 ÷ 0.32

5.56x

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

  • Johnson Electric Holdings is good value based on earnings compared to the HK Electrical industry average.
  • Johnson Electric Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Johnson Electric Holdings's expected growth come at a high price?
Raw Data
SEHK:179 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-2.9%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 481 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

SEHK:179 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.56x ÷ -2.9%

-1.93x

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

  • Johnson Electric Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Johnson Electric Holdings's assets?
Raw Data
SEHK:179 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $2.85
SEHK:179 Share Price * SEHK (2019-07-22) in HKD HK$14.1
SEHK:179 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.128 $1.81
Hong Kong Electrical Industry PB Ratio Median Figure of 34 Publicly-Listed Electrical Companies 0.64x
Hong Kong Market PB Ratio Median Figure of 2,198 Publicly-Listed Companies 0.92x
SEHK:179 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:179 Share Price ÷ Book Value per Share (both in USD)

= 1.81 ÷ 2.85

0.63x

* Primary Listing of Johnson Electric Holdings.

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

  • Johnson Electric Holdings is good value based on assets compared to the HK Electrical industry average.
X
Value checks
We assess Johnson Electric 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. Johnson Electric Holdings has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

179 Future Performance

 How is Johnson Electric Holdings expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
-2.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Johnson Electric Holdings expected to grow at an attractive rate?
  • Johnson Electric Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Johnson Electric Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Johnson Electric Holdings's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:179 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:179 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -2.9%
SEHK:179 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.3%
Hong Kong Electrical Industry Earnings Growth Rate Market Cap Weighted Average 8.3%
Hong Kong Electrical Industry Revenue Growth Rate Market Cap Weighted Average 9.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
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:179 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:179 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 3,712 532 238 2
2021-03-31 3,678 524 289 3
2020-03-31 3,471 479 266 3
SEHK:179 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 3,280 456 281
2018-12-31 3,331 432 273
2018-09-30 3,382 408 264
2018-06-30 3,309 404 264
2018-03-31 3,237 401 264
2017-12-31 3,089 411 261
2017-09-30 2,942 420 258
2017-06-30 2,859 410 248
2017-03-31 2,776 400 238
2016-12-31 2,678 366 217
2016-09-30 2,580 333 196
2016-06-30 2,408 287 184

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Johnson Electric Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Johnson Electric Holdings's revenue is expected to grow by 4.3% 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:179 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 3 Analyst Estimates (S&P Global) See Below

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

SEHK:179 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 0.26 0.26 0.26 1.00
2021-03-31 0.32 0.38 0.26 2.00
2020-03-31 0.30 0.34 0.25 2.00
SEHK:179 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.32
2018-12-31 0.32
2018-09-30 0.31
2018-06-30 0.31
2018-03-31 0.31
2017-12-31 0.30
2017-09-30 0.30
2017-06-30 0.29
2017-03-31 0.28
2016-12-31 0.25
2016-09-30 0.23
2016-06-30 0.21

*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.
  • Johnson Electric Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Johnson Electric 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.
Johnson Electric 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.

179 Past Performance

  How has Johnson Electric 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 Johnson Electric 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.
  • Johnson Electric Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Johnson Electric Holdings's 1-year earnings growth is less than its 5-year average (6.5% vs 7.7%)
  • Johnson Electric Holdings's earnings growth has exceeded the HK Electrical industry average in the past year (6.5% vs -3.4%).
Earnings and Revenue History
Johnson Electric 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 Johnson Electric Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:179 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,280.38 281.33 510.05
2018-12-31 3,331.11 272.56 516.38
2018-09-30 3,381.83 263.80 522.71
2018-06-30 3,309.20 263.92 510.62
2018-03-31 3,236.56 264.05 498.54
2017-12-31 3,089.17 260.83 495.49
2017-09-30 2,941.77 257.61 492.44
2017-06-30 2,858.94 247.76 497.42
2017-03-31 2,776.10 237.92 502.39
2016-12-31 2,678.23 216.76 497.75
2016-09-30 2,580.35 195.60 493.11
2016-06-30 2,408.15 184.13 469.68
2016-03-31 2,235.95 172.66 446.26
2015-12-31 2,157.40 186.04 425.81
2015-09-30 2,078.86 199.42 405.37
2015-06-30 2,107.45 205.16 409.94
2015-03-31 2,136.05 210.89 414.50
2014-12-31 2,139.00 209.01 416.01
2014-09-30 2,141.94 207.12 417.51
2014-06-30 2,119.78 207.49 409.32
2014-03-31 2,097.62 207.87 401.13
2013-12-31 2,074.94 211.96 395.77
2013-09-30 2,052.26 216.05 390.41
2013-06-30 2,055.98 203.68 394.52
2013-03-31 2,059.69 191.32 398.63
2012-12-31 2,062.54 180.86 393.50
2012-09-30 2,065.40 170.41 388.37

*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.
  • Johnson Electric Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Johnson Electric Holdings used its assets more efficiently than the HK Electrical industry average last year based on Return on Assets.
  • Johnson Electric Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Johnson Electric 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.
Johnson Electric Holdings has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

179 Health

 How is Johnson Electric 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 Johnson Electric Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Johnson Electric Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Johnson Electric Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Johnson Electric 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 2.2x 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 Johnson Electric Holdings Company Filings, last reported 3 months ago.

SEHK:179 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,558.48 685.91 340.34
2018-12-31 2,558.48 685.91 340.34
2018-09-30 2,330.19 573.26 169.95
2018-06-30 2,330.19 573.26 169.95
2018-03-31 2,365.81 492.18 168.94
2017-12-31 2,365.81 492.18 168.94
2017-09-30 2,189.91 486.71 160.39
2017-06-30 2,189.91 486.71 160.39
2017-03-31 2,025.00 383.97 127.69
2016-12-31 2,025.00 383.97 127.69
2016-09-30 1,931.67 476.00 130.79
2016-06-30 1,931.67 476.00 130.79
2016-03-31 1,884.75 422.53 193.33
2015-12-31 1,884.75 422.53 193.33
2015-09-30 1,836.67 286.52 720.54
2015-06-30 1,836.67 286.52 720.54
2015-03-31 1,900.91 291.38 773.17
2014-12-31 1,900.91 291.38 773.17
2014-09-30 1,797.09 304.16 810.01
2014-06-30 1,797.09 304.16 810.01
2014-03-31 1,766.32 116.85 645.07
2013-12-31 1,766.32 116.85 645.07
2013-09-30 1,690.03 131.99 564.47
2013-06-30 1,690.03 131.99 564.47
2013-03-31 1,598.76 125.00 480.92
2012-12-31 1,598.76 125.00 480.92
2012-09-30 1,499.34 161.90 350.69
  • Johnson Electric Holdings's level of debt (26.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7% vs 26.8% today).
  • Debt is well covered by operating cash flow (66.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17x coverage).
X
Financial health checks
We assess Johnson Electric 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. Johnson Electric 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.

179 Dividends

 What is Johnson Electric 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
3.6%
Current annual income from Johnson Electric Holdings dividends. Estimated to be 3.72% next year.
If you bought HK$2,000 of Johnson Electric Holdings shares you are expected to receive HK$72 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Johnson Electric Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • Johnson Electric 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:179 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 3 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:179 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 0.07 1.00
2021-03-31 0.07 4.00
2020-03-31 0.06 4.00
SEHK:179 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-05 0.065 3.202
2018-11-07 0.065 2.928
2018-07-12 0.065 2.394
2017-11-08 0.065 1.795
2017-06-01 0.064 1.739
2017-05-17 0.064 1.865
2016-11-09 0.064 2.264
2016-06-01 0.063 2.533
2016-05-17 0.063 2.466
2015-11-04 0.063 2.014
2015-05-27 0.062 1.795
2015-05-13 0.062 1.693
2014-11-04 0.029 0.786
2014-05-15 0.059 1.622
2013-05-31 0.056 1.802
2013-05-16 0.056 2.093
2012-11-08 0.052 1.868
2012-05-17 0.051 2.118
2011-11-24 0.046 1.955
2011-05-31 0.061 2.747
2010-11-29 0.031 1.187
2010-05-31 0.026 1.277
2009-12-04 0.000 0.000
2009-10-30 0.000 0.000
2009-06-05 0.000 0.000
2008-12-19 0.000 0.000
2008-12-05 0.000 0.000

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

  • Johnson Electric Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Johnson Electric Holdings only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Johnson Electric Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5x coverage).
X
Income/ dividend checks
We assess Johnson Electric 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 Johnson Electric Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Johnson Electric Holdings has a total score of 3/6, see the detailed checks below.


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

179 Management

 What is the CEO of Johnson Electric 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
Patrick Wang
COMPENSATION $3,182,000
AGE 68
TENURE AS CEO 23.5 years
CEO Bio

Dr. Shui Chung Wang, also known as Patrick, JP, BSc, MSc has been the Chairman and Chief Executive of Johnson Electric Holdings Ltd., since 1996 and Managing Director since 1984. Dr. Wang joined Johnson Electric Group in 1972. He has been an Independent Non Executive Director at VTech Holdings Ltd. since November 2001. He has been an Executive Director of Johnson Electric Holdings Ltd. since 1976. He has been a Non-Executive Director at Tristate Holdings Ltd. since April 1999. Dr. Wang served as a Non-Executive Director of The Hongkong and Shanghai Banking Corporation Ltd. until December 31, 2012. He serves as a Director of Kowloon-Canton Railway Corporation. He serves as a Member of Hong Kong/United States Business Council, a Council Member of the University of Hong Kong and the Chinese University of Hong Kong. Dr. Wang obtained his BSc and MSc degrees in Electrical Engineering from Purdue University in Indiana, U.S.A. He holds an Honorary Doctorate of Engineering from Purdue University in Indiana, U.S.A in May 2004.

CEO Compensation
  • Patrick's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Patrick's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Patrick Wang

TITLE
Chairman & Chief Executive
COMPENSATION
$3M
AGE
68
TENURE
23.5 yrs

Winnie Wang

TITLE
Vice-Chairman
COMPENSATION
$1M
AGE
72

Austin Jesse Wang

TITLE
Executive Director
COMPENSATION
$657K
AGE
38

Jeff Obermayer

TITLE
CFO & Executive VP
AGE
64

Jim Dick

TITLE
Chief Information Officer & Senior VP of Industry Products Group
AGE
65

Mike Gannon

TITLE
Senior Vice President of Human Resources
AGE
64

Tung-Sing Choi

TITLE
Senior Vice President of Global Manufacturing
AGE
69

Chris Hasson

TITLE
Executive Vice President
AGE
56

Kam-Chin Ko

TITLE
Senior Vice President of Automotive Products Group
AGE
53

Yue Li

TITLE
Senior Vice President of Corporate Engineering
AGE
59
Board of Directors Tenure

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

17
Average Tenure
69.5
Average Age
  • The average tenure for the Johnson Electric Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Patrick Wang

TITLE
Chairman & Chief Executive
COMPENSATION
$3M
AGE
68
TENURE
23.5 yrs

Winnie Wang

TITLE
Vice-Chairman
COMPENSATION
$1M
AGE
72
TENURE
23.5 yrs

Yik-Chun Koo Wang

TITLE
Honorary Chairman
COMPENSATION
$125K
AGE
102

Austin Jesse Wang

TITLE
Executive Director
COMPENSATION
$657K
AGE
38
TENURE
10.1 yrs

Peter Stuart Edwards

TITLE
Independent Non-Executive Director
COMPENSATION
$44K
AGE
71
TENURE
23.8 yrs

Patrick Blackwell Paul

TITLE
Independent Non-Executive Director
COMPENSATION
$65K
AGE
72
TENURE
17 yrs

Michael Enright

TITLE
Independent Non-Executive Director
COMPENSATION
$60K
AGE
60
TENURE
15.3 yrs

Peter Wang

TITLE
Non-Executive Director
COMPENSATION
$48K
AGE
65
TENURE
37.5 yrs

Joseph Yam

TITLE
Independent Non-Executive Director
COMPENSATION
$44K
AGE
71
TENURE
8.8 yrs

Christopher Dale Pratt

TITLE
Independent Non-Executive Director
COMPENSATION
$56K
AGE
63
TENURE
5.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
10. Jan 19 Buy HSBC Global Asset Management (UK) Limited Company 07. Jan 19 07. Jan 19 223,446 HK$16.89 HK$3,774,003
10. Jan 19 Buy Yik-Chun Koo Wang Individual 07. Jan 19 07. Jan 19 5,685,244 HK$16.89 HK$96,023,784
10. Jan 19 Buy Peter Stuart Edwards Individual 07. Jan 19 07. Jan 19 404 HK$16.89 HK$6,824
07. Nov 18 Buy Schroder Investment Management (Singapore) Ltd Company 02. Nov 18 02. Nov 18 1,229,000 HK$19.74 HK$24,262,304
31. Oct 18 Sell Schroder Investment Management (Singapore) Ltd Company 29. Oct 18 29. Oct 18 -92,000 HK$17.63 HK$-1,622,383
23. Oct 18 Buy Schroder Investment Management (Singapore) Ltd Company 18. Oct 18 18. Oct 18 223,500 HK$19.32 HK$4,317,103
X
Management checks
We assess Johnson Electric 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. Johnson Electric 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.

179 News

Simply Wall St News

3 Days To Buy Johnson Electric Holdings Limited (HKG:179) Before The Ex-Dividend Date

Check out our latest analysis for Johnson Electric Holdings Dividends are typically paid from company earnings. … Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. … Earnings per share have been growing at a steady rate, and Johnson Electric Holdings paid out less than half its profits and more than half its free cash flow as dividends over the last year.

Simply Wall St -

Should You Think About Buying Johnson Electric Holdings Limited (HKG:179) Now?

Johnson Electric Holdings Limited (HKG:179), which is in the electrical business, and is based in Hong Kong, received a lot of attention from a substantial price movement on the SEHK over the last few months, increasing to HK$19.6 at one point, and dropping to the lows of HK$14.54. … This is because Johnson Electric Holdings’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. … If you are no longer interested in Johnson Electric Holdings, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

Have Insiders Been Buying Johnson Electric Holdings Limited (HKG:179) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Johnson Electric Holdings Limited (HKG:179). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for Johnson Electric Holdings Johnson Electric Holdings Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Honorary Chairman Yik-Chun Koo Wang bought HK$96m worth of shares at a price of HK$16.89 per share. … It would be great to see more insider buying, but overall it seems like Johnson Electric Holdings insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future.

Simply Wall St -

What You Must Know About Johnson Electric Holdings Limited's (HKG:179) Beta Value

Anyone researching Johnson Electric Holdings Limited (HKG:179) might want to consider the historical volatility of the share price. … This is above 1, so historically its share price has been influenced by the broader volatility of the stock market. … What this means for you: Beta only tells us that the Johnson Electric Holdings share price is sensitive to broader market movements.

Simply Wall St -

Want To Invest In Johnson Electric Holdings Limited (HKG:179)? Here's How It Performed Lately

Assessing Johnson Electric Holdings Limited's (HKG:179) performance as a company requires looking at more than just a years' earnings data. … See our latest analysis for Johnson Electric Holdings Were 179's earnings stronger than its past performances and the industry? … I suggest you continue to research Johnson Electric Holdings to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for 179’s future growth?

Simply Wall St -

Should You Consider Johnson Electric Holdings Limited (HKG:179)?

Help shape the future of investing tools and you could win a $250 gift card! … Johnson Electric Holdings Limited (HKG:179) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.

Simply Wall St -

Is Johnson Electric Holdings Limited (HKG:179) Investing Effectively In Its Business?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

An Intrinsic Calculation For Johnson Electric Holdings Limited (HKG:179) Suggests It's 38% Undervalued

Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. … View our latest analysis for Johnson Electric Holdings … The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period.

Simply Wall St -

Is Johnson Electric Holdings Limited (HKG:179) A Financially Strong Company?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Johnson Electric Holdings Limited (HKG:179), with a market cap of HK$16b, are often out of the spotlight. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … View our latest analysis for Johnson Electric Holdings

Simply Wall St -

Johnson Electric Holdings Limited (HKG:179) Delivered A Better ROE Than Its Industry

To keep the lesson grounded in practicality, we'll use ROE to better understand Johnson Electric Holdings Limited (HKG:179). … Over the last twelve months Johnson Electric Holdings has recorded a ROE of 12%. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.12 in profit.

Simply Wall St -

179 Company Info

Description

Johnson Electric Holdings Limited, an investment holding company, researches and develops, manufactures, licenses, and sells motion products, control systems, and flexible interconnects worldwide. The company offers motion products, including solenoids, piezo motors and subsystems, starters, blowers, gearboxes, automotive actuators, haptic motion products, and piezo stages, as well as brushless EC, DC, AC, stepper, piezo, and gear motors; pumps and valves; and flex circuits and microelectronics, flat flexible cables, security circuits, and electromagnetic interference shielded flexible circuits. It also offers switches and relays comprising microswitches, TIPPMATIC auto power-off, manually operated switches, panel mounted switches, automotive switches and subsystems, and smart meter relays; and powder metal components, including gears and sprockets, clutch components, and pump components, as well as synchronizer assemblies and assembled planetary gear carriers. In addition, the company is involved in the property investment activities. It serves a range of industries, including automotive, medical devices, smart meters, circuit breakers, lawn and garden, power tools, powersports, HVAC, building automation, business machines, digital security, home technologies, food and beverage, industrial equipment, specialty vehicles, optronics, personal care, and laboratory equipment. Johnson Electric Holdings Limited was founded in 1959 and is headquartered in Shatin, Hong Kong.

Details
Name: Johnson Electric Holdings Limited
179
Exchange: SEHK
Founded: 1959
HK$12,449,348,683
864,538,103
Website: http://www.johnsonelectric.com
Address: Johnson Electric Holdings Limited
12 Science Park East Avenue,
6th Floor,
Shatin,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 179 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
OTCPK JELC.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
BST JOHB Ordinary Shares Boerse-Stuttgart DE EUR 02. Jan 1992
SHSC 179 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 02. Jan 1992
SZSC 179 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 02. Jan 1992
OTCPK JEHL.Y UNSPONSORD ADR Pink Sheets LLC US USD 04. Sep 2013
Number of employees
Current staff
Staff numbers
38,000
Johnson Electric Holdings employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 12:39
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/11
Last earnings filing: 2019/06/05
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.