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Sun.King Power Electronics Group

SEHK:580
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
580
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Sun.King Power Electronics Group Limited, an investment holding company, manufactures and trades in power electronic components for use in power transmission, rail transportation, and industrial sectors in the People’s Republic of China. The last earnings update was 108 days ago. More info.


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  • Sun.King Power Electronics Group has significant price volatility in the past 3 months.
580 Share Price and Events
7 Day Returns
-6.3%
SEHK:580
-1.9%
HK Electrical
1%
HK Market
1 Year Returns
-26.2%
SEHK:580
-29.7%
HK Electrical
-4.7%
HK Market
580 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sun.King Power Electronics Group (580) -6.3% -8% -21.8% -26.2% -11.1% 96.2%
HK Electrical -1.9% -3.4% -19% -29.7% -34.9% -36.5%
HK Market 1% 3.9% -7.8% -4.7% 17.5% 2%
1 Year Return vs Industry and Market
  • 580 outperformed the Electrical industry which returned -29.7% over the past year.
  • 580 underperformed the Market in Hong Kong which returned -4.7% over the past year.
Price Volatility
580
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Sun.King Power Electronics Group's competitors could be found in our database.

580 Value

 Is Sun.King Power Electronics Group 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 Sun.King Power Electronics Group 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 Sun.King Power Electronics Group.

SEHK:580 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 9.5%
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:580
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- 25%) (23.26%))
1.264
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.264 * 5.96%)
9.54%

Discounted Cash Flow Calculation for SEHK:580 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sun.King Power Electronics Group 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:580 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.54%)
2020 453.27 Est @ 55.3% 413.80
2021 631.46 Est @ 39.31% 526.28
2022 809.03 Est @ 28.12% 615.55
2023 973.14 Est @ 20.28% 675.94
2024 1,117.17 Est @ 14.8% 708.40
2025 1,239.62 Est @ 10.96% 717.60
2026 1,342.18 Est @ 8.27% 709.32
2027 1,427.98 Est @ 6.39% 688.94
2028 1,500.46 Est @ 5.08% 660.87
2029 1,562.79 Est @ 4.15% 628.38
Present value of next 10 years cash flows CN¥6,345.08
SEHK:580 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,562.79 × (1 + 2%) ÷ (9.54% – 2%)
CN¥21,153.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥21,153.89 ÷ (1 + 9.54%)10
CN¥8,505.79
SEHK:580 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥6,345.08 + CN¥8,505.79
CN¥14,850.88
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥14,850.88 / 1,615.78
CN¥9.19
SEHK:580 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:580)
1.137
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥9.19 x 1.137
HK$10.45
Value per share (HKD) From above. HK$10.45
Current discount Discount to share price of HK$1.04
= -1 x (HK$1.04 - HK$10.45) / HK$10.45
90%

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

Current Discount
Amount off the current price Sun.King Power Electronics Group is available for.
Intrinsic value
>50%
Share price is HK$1.04 vs Future cash flow value of HK$10.45
Current Discount Checks
For Sun.King Power Electronics Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sun.King Power Electronics Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sun.King Power Electronics Group'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 Sun.King Power Electronics Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sun.King Power Electronics Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:580 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.11
SEHK:580 Share Price ** SEHK (2019-07-18) in HKD HK$1.04
SEHK:580 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.91
Hong Kong Electrical Industry PE Ratio Median Figure of 23 Publicly-Listed Electrical Companies 10.77x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.82x

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

** Primary Listing of Sun.King Power Electronics Group.

SEHK:580 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:580 Share Price ÷ EPS (both in CNY)

= 0.91 ÷ 0.11

8.06x

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

  • Sun.King Power Electronics Group is good value based on earnings compared to the HK Electrical industry average.
  • Sun.King Power Electronics Group is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Sun.King Power Electronics Group's expected growth come at a high price?
Raw Data
SEHK:580 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
0.6%per year
Hong Kong Electrical Industry PEG Ratio Median Figure of 9 Publicly-Listed Electrical Companies 1.12x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.8x

*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 Sun.King Power Electronics Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sun.King Power Electronics Group's assets?
Raw Data
SEHK:580 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.97
SEHK:580 Share Price * SEHK (2019-07-18) in HKD HK$1.04
SEHK:580 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.91
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:580 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:580 Share Price ÷ Book Value per Share (both in CNY)

= 0.91 ÷ 0.97

0.94x

* Primary Listing of Sun.King Power Electronics Group.

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

  • Sun.King Power Electronics Group is overvalued based on assets compared to the HK Electrical industry average.
X
Value checks
We assess Sun.King Power Electronics Group'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. Sun.King Power Electronics Group 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.

580 Future Performance

 How is Sun.King Power Electronics Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Sun.King Power Electronics Group, future earnings growth has been estimated based on fundamentals.
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
0.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sun.King Power Electronics Group expected to grow at an attractive rate?
  • Sun.King Power Electronics Group's earnings growth is positive but not above the low risk savings rate of 2%.
Growth vs Market Checks
  • Sun.King Power Electronics Group's earnings growth is expected to exceed the Hong Kong market average.
  • Sun.King Power Electronics Group's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:580 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:580 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 0.6%
SEHK:580 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 24.7%
Hong Kong Electrical Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Electrical Industry Revenue Growth Rate Market Cap Weighted Average 9.9%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 13.5%

*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:580 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:580 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,795 311 1
2020-12-31 2,230 252 1
2019-12-31 1,754 163 1
SEHK:580 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,290 323 183
2018-09-30 1,226 233 178
2018-06-30 1,162 139 173
2018-03-31 1,159 145 184
2017-12-31 1,155 156 195
2017-09-30 1,096 131 193
2017-06-30 1,037 106 192
2017-03-31 947 71 168
2016-12-31 857 37 144
2016-09-30 820 6 115
2016-06-30 784 -24 86
2016-03-31 783 -75 74

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sun.King Power Electronics Group's earnings are expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).
  • Sun.King Power Electronics Group's revenue is expected to grow significantly at over 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:580 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 1 Analyst Estimates (S&P Global) See Below

All data from Sun.King Power Electronics Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:580 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
SEHK:580 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.11
2018-09-30 0.11
2018-06-30 0.11
2018-03-31 0.13
2017-12-31 0.14
2017-09-30 0.14
2017-06-30 0.14
2017-03-31 0.12
2016-12-31 0.10
2016-09-30 0.08
2016-06-30 0.06
2016-03-31 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sun.King Power Electronics Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sun.King Power Electronics Group'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.
Sun.King Power Electronics Group has a total score of 3/6, 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.

580 Past Performance

  How has Sun.King Power Electronics Group 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 Sun.King Power Electronics Group'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.
  • Sun.King Power Electronics Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Sun.King Power Electronics Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sun.King Power Electronics Group's 1-year earnings growth is negative, it can't be compared to the HK Electrical industry average.
Earnings and Revenue History
Sun.King Power Electronics Group'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 Sun.King Power Electronics Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:580 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 1,290.49 183.30 156.25 53.72
2018-09-30 1,226.44 178.36 160.74 49.53
2018-06-30 1,162.39 173.41 165.22 45.34
2018-03-31 1,158.89 184.15 167.49 44.85
2017-12-31 1,155.40 194.89 169.77 44.36
2017-09-30 1,096.13 193.49 171.18 42.87
2017-06-30 1,036.87 192.09 172.59 41.39
2017-03-31 946.91 167.97 165.29 37.68
2016-12-31 856.95 143.86 157.99 33.98
2016-09-30 820.46 114.94 150.67 36.62
2016-06-30 783.96 86.02 143.35 39.26
2016-03-31 782.98 74.15 141.03 35.36
2015-12-31 781.99 62.27 138.71 31.46
2015-09-30 731.66 41.65 140.79 18.46
2015-06-30 681.32 21.02 142.87 5.47
2015-03-31 599.31 -5.56 142.86 2.73
2014-12-31 517.30 -32.14 142.84
2014-09-30 555.04 -20.51 141.82
2014-06-30 592.77 -8.89 140.79
2014-03-31 666.32 17.01 137.54
2013-12-31 739.87 42.92 134.28
2013-09-30 710.33 38.18 133.17
2013-06-30 680.79 33.45 132.05
2013-03-31 627.15 16.94 125.85
2012-12-31 573.52 0.44 119.65
2012-09-30 594.46 -22.13 131.68

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

580 Health

 How is Sun.King Power Electronics Group'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 Sun.King Power Electronics Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sun.King Power Electronics Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sun.King Power Electronics Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sun.King Power Electronics Group'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 5.4x 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 Sun.King Power Electronics Group Company Filings, last reported 6 months ago.

SEHK:580 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,669.20 360.35 800.16
2018-09-30 1,669.20 360.35 800.16
2018-06-30 1,574.82 344.12 567.75
2018-03-31 1,574.82 344.12 567.75
2017-12-31 1,521.15 327.18 574.58
2017-09-30 1,521.15 327.18 574.58
2017-06-30 1,123.47 418.80 252.13
2017-03-31 1,123.47 418.80 252.13
2016-12-31 1,029.13 327.36 146.38
2016-09-30 1,029.13 327.36 146.38
2016-06-30 939.63 420.94 183.92
2016-03-31 939.63 420.94 183.92
2015-12-31 890.97 394.57 167.44
2015-09-30 890.97 394.57 167.44
2015-06-30 856.92 296.00 68.73
2015-03-31 856.92 296.00 68.73
2014-12-31 832.00 229.00 141.07
2014-09-30 832.00 229.00 141.07
2014-06-30 842.65 280.00 119.98
2014-03-31 842.65 280.00 119.98
2013-12-31 878.73 299.00 175.28
2013-09-30 878.73 299.00 175.28
2013-06-30 867.26 271.55 143.26
2013-03-31 867.26 271.55 143.26
2012-12-31 832.52 268.36 218.67
2012-09-30 832.52 268.36 218.67
  • Sun.King Power Electronics Group's level of debt (21.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (34% vs 21.6% today).
  • Debt is well covered by operating cash flow (89.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 29.3x coverage).
X
Financial health checks
We assess Sun.King Power Electronics Group'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. Sun.King Power Electronics Group has a total score of 6/6, 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.

580 Dividends

 What is Sun.King Power Electronics Group'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
4.66%
Current annual income from Sun.King Power Electronics Group dividends.
If you bought HK$2,000 of Sun.King Power Electronics Group shares you are expected to receive HK$93 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?
  • Sun.King Power Electronics Group's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Sun.King Power Electronics Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.72%).
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:580 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:580 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
SEHK:580 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-13 0.043 4.163
2018-08-22 0.043 4.226
2018-03-13 0.048 4.015
2017-08-24 0.032 2.330
2017-03-23 0.026 1.696
2017-03-14 0.027 1.730
2016-08-31 0.017 1.429
2016-08-23 0.017 1.703
2016-05-18 0.008 0.886
2015-08-28 0.000 0.000
2015-08-20 0.000 0.000
2015-03-30 0.000 0.000
2014-04-07 0.008 1.497
2014-03-19 0.008 1.388

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

  • Sun.King Power Electronics Group 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 Sun.King Power Electronics Group only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Sun.King Power Electronics Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
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 Sun.King Power Electronics Group'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 Sun.King Power Electronics Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sun.King Power Electronics Group has a total score of 2/6, see the detailed checks below.


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

580 Management

 What is the CEO of Sun.King Power Electronics Group'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
Renyuan Gong
COMPENSATION CN¥1,088,000
AGE 48
TENURE AS CEO 7.3 years
CEO Bio

Mr. Gong Renyuan has been the President of Sun King Power Electronics Group Limited since May 2010 and has been Chief Executive Officer since april 10, 2012. Mr. Renyuan joined Sun King Group in 2002 and became the Executive General Manager of Sunking BVI in 2008. He worked in a state-owned construction company as a business operation officer for over eight years. He has been an Executive Director of Sun King Power Electronics Group Limited since May 28, 2010. Mr. Gong serves as Director of Tianjin Sunking and Jiangsu Sunking. Mr. Renyuan completed the post-secondary programme in business English from Beijing Technology University in 1993.

CEO Compensation
  • Renyuan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Renyuan's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Sun.King Power Electronics Group management team in years:

5.3
Average Tenure
43
Average Age
  • The average tenure for the Sun.King Power Electronics Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jie Xiang

TITLE
Founder & Chairman of the Board
COMPENSATION
CN¥1M
AGE
45
TENURE
17.5 yrs

Renyuan Gong

TITLE
CEO, President & Executive Director
COMPENSATION
CN¥1M
AGE
48
TENURE
7.3 yrs

Jie Ren

TITLE
Vice President of the Human Resources & Administration Department
AGE
41

Zhoumin Yue

TITLE
VP & Executive Director
COMPENSATION
CN¥764K
AGE
48

Xiangpeng Bo

TITLE
Chief Financial Officer
AGE
34
TENURE
3.3 yrs

Lina He

TITLE
Company Secretary
AGE
40
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Sun.King Power Electronics Group board of directors in years:

2.6
Average Tenure
48
Average Age
  • The average tenure for the Sun.King Power Electronics Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Renyuan Gong

TITLE
CEO, President & Executive Director
COMPENSATION
CN¥1M
AGE
48
TENURE
9.2 yrs

Fuquan Yan

TITLE
Deputy Chairman
AGE
55
TENURE
1.8 yrs

Jie Xiang

TITLE
Founder & Chairman of the Board
COMPENSATION
CN¥1M
AGE
45
TENURE
9.2 yrs

Zhoumin Yue

TITLE
VP & Executive Director
COMPENSATION
CN¥764K
AGE
48
TENURE
9.2 yrs

Shimin Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥154K
AGE
61
TENURE
8.9 yrs

Xuejun Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥154K
AGE
54
TENURE
2.6 yrs

Vincent Leung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥154K
AGE
43
TENURE
2.3 yrs

Ming Zhu

TITLE
Non-Executive Director
AGE
41
TENURE
1.8 yrs

Ling Zhang

TITLE
Non-Executive Director
AGE
50
TENURE
1.6 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$) Value (HK$)
07. Nov 18 Buy Jie Xiang Individual 05. Nov 18 05. Nov 18 426,000 HK$1.14 HK$487,002
06. Nov 18 Buy Jie Xiang Individual 02. Nov 18 02. Nov 18 500,000 HK$1.09 HK$542,549
02. Nov 18 Buy Jie Xiang Individual 01. Nov 18 01. Nov 18 500,000 HK$1.07 HK$532,548
01. Nov 18 Buy Jie Xiang Individual 30. Oct 18 30. Oct 18 500,000 HK$1.03 HK$513,302
26. Oct 18 Buy Jie Xiang Individual 25. Oct 18 25. Oct 18 500,000 HK$1.02 HK$508,700
25. Oct 18 Buy Jie Xiang Individual 23. Oct 18 23. Oct 18 500,000 HK$1.07 HK$533,998
20. Oct 18 Buy Jie Xiang Individual 19. Oct 18 19. Oct 18 500,000 HK$1.15 HK$575,199
17. Oct 18 Buy Jie Xiang Individual 15. Oct 18 15. Oct 18 500,000 HK$1.19 HK$593,051
11. Oct 18 Buy Jie Xiang Individual 09. Oct 18 09. Oct 18 500,000 HK$1.27 HK$636,950
X
Management checks
We assess Sun.King Power Electronics Group'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. Sun.King Power Electronics Group 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.

580 News

Simply Wall St News

Should We Be Delighted With Sun.King Power Electronics Group Limited's (HKG:580) ROE Of 12%?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Sun.King Power Electronics Group Limited (HKG:580). … Sun.King Power Electronics Group has a ROE of 12%, based on the last twelve months. … See our latest analysis for Sun.King Power Electronics Group?

Simply Wall St -

Does SunKing Power Electronics Group Limited's (HKG:580) -9.7% Earnings Drop Reflect A Longer Term Trend?

After reading SunKing Power Electronics Group Limited's (HKG:580) most recent earnings announcement (30 June 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … View our latest analysis for Sun.King Power Electronics Group? … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 50%, indicating the rate at which 580 is growing has slowed down

Simply Wall St -

Does SunKing Power Electronics Group Limited's (HKG:580) PE Ratio Warrant A Buy?

SunKing Power Electronics Group Limited (HKG:580) is currently trading at a trailing P/E of 10.9x, which is lower than the industry average of 13.6x. … While this makes 580 appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. … Check out our latest analysis for Sun.King Power Electronics Group

Simply Wall St -

What Should You Know About SunKing Power Electronics Group Limited's (HKG:580) Capital Returns?

and looking to gauge the potential return on investment in SunKing Power Electronics Group Limited (HKG:580). … Thus, to understand how your money can grow by investing in Sun.King Power Electronics Group, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … Sun.King Power Electronics Group's Return On Capital Employed

Simply Wall St -

Should You Be Tempted To Sell SunKing Power Electronics Group Limited (HKG:580) At Its Current PE Ratio?

580 is priced at a multiple of 8.69x based on its prior year’s earnings,. … But should the relatively competitive multiple be the final verdict of 580’s undervaluation. … In this article, I am going to take you through some key things to consider in order to identify which multiple is the most relevant for

Simply Wall St -

Does SunKing Power Electronics Group Limited's (HKG:580) Past Performance Indicate A Stronger Future?

After looking at SunKing Power Electronics Group Limited's (HKG:580) latest earnings announcement (31 December 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … I also compare against an industry benchmark to check whether Sun.King Power Electronics Group's performance has been impacted by industry movements. … View out our latest analysis for Sun.King Power Electronics Group?

Simply Wall St -

3 Days Left To SunKing Power Electronics Group Limited (HKG:580)’s Ex-Dividend Date, Should Investors Buy?

View our latest analysis for Sun.King Power Electronics Group 5 questions to ask before buying a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is its annual yield among the top 25% of dividend-paying companies? … In terms of its peers, Sun.King Power Electronics Group produces a yield of 3.80%, which is high for Electrical stocks but still below the market's top dividend payers. … Next Steps: Whilst there are few things you may like about Sun.King Power Electronics Group from a dividend stock perspective, the truth is that overall it probably is not the best choice for a dividend investor.

Simply Wall St -

580 Company Info

Description

Sun.King Power Electronics Group Limited, an investment holding company, manufactures and trades in power electronic components for use in power transmission, rail transportation, and industrial sectors in the People’s Republic of China. It also engages in the research, development, production, sale, installation, and after sale service of electrical/electronic components, including integrated gate bipolar transistors; and production of electrical capacitors and its devices, amorphous alloy transformers, DC current anode saturable dry-type reactors, FM voltage AC traction devices, and rectifiers. In addition, the company manufactures and sells pulsed power equipment, insulated gate bipolar transistor gate units, and other electronic parts. Further, it engages in the technology research of electronic power device railway equipment; and distribution and sale of power electronic components. Additionally, the company is involved in the trading of various products and technologies. Sun.King Power Electronics Group Limited was founded in 2002 and is headquartered in Beijing, the People’s Republic of China.

Details
Name: Sun.King Power Electronics Group Limited
580
Exchange: SEHK
Founded: 2002
HK$1,761,198,020
1,615,778,000
Website: http://www.sunking-tech.com
Address: Sun.King Power Electronics Group Limited
Building 9-A,
KongGangRongHuiYuan,
Beijing,
101318,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 580 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 13. Oct 2010
DB 9S9 Ordinary Shares Deutsche Boerse AG DE EUR 13. Oct 2010
Number of employees
Current staff
Staff numbers
636
Sun.King Power Electronics Group employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 13:01
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/03/27
Last earnings filing: 2019/04/01
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.