SEHK:580

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Sun.King Power Electronics Group

Executive Summary

Sun.King Power Electronics Group Limited, an investment holding company, manufactures and trades in power electronic components for use in power transmission, rail transportation, industrial, and other sectors in the People’s Republic of China. More Details


Snowflake Analysis

Excellent balance sheet unattractive dividend payer.

Share Price & News

How has Sun.King Power Electronics Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 580's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.6%

580

1.1%

HK Electrical

-2.6%

HK Market


1 Year Return

100.0%

580

-3.1%

HK Electrical

-0.3%

HK Market

Return vs Industry: 580 exceeded the Hong Kong Electrical industry which returned -3.3% over the past year.

Return vs Market: 580 exceeded the Hong Kong Market which returned 0.4% over the past year.


Shareholder returns

580IndustryMarket
7 Day-2.6%1.1%-2.6%
30 Day1.6%-1.4%-4.2%
90 Day55.4%9.8%0.7%
1 Year112.0%100.0%-1.7%-3.1%3.7%-0.3%
3 Year21.7%5.6%-44.5%-47.1%-5.1%-15.3%
5 Year161.5%118.6%-46.1%-49.4%25.0%4.0%

Price Volatility Vs. Market

How volatile is Sun.King Power Electronics Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sun.King Power Electronics Group undervalued compared to its fair value and its price relative to the market?

15.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 580 (HK$1.88) is trading above our estimate of fair value (HK$0.49)

Significantly Below Fair Value: 580 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 580 is poor value based on its PE Ratio (15.2x) compared to the HK Electrical industry average (11.4x).

PE vs Market: 580 is poor value based on its PE Ratio (15.2x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 580's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 580 is overvalued based on its PB Ratio (1.6x) compared to the HK Electrical industry average (0.6x).


Next Steps

Future Growth

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

7.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 580's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if 580's earnings are forecast to grow faster than the Hong Kong market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 580's revenue (7.5% per year) is forecast to grow slower than the Hong Kong market (13.1% per year).

High Growth Revenue: 580's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 580's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Sun.King Power Electronics Group performed over the past 5 years?

21.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 580 has a high level of non-cash earnings.

Growing Profit Margin: 580's current net profit margins (12%) are lower than last year (16.1%).


Past Earnings Growth Analysis

Earnings Trend: 580's earnings have grown significantly by 21% per year over the past 5 years.

Accelerating Growth: 580's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 580 had negative earnings growth (-18.7%) over the past year, making it difficult to compare to the Electrical industry average (-5.9%).


Return on Equity

High ROE: 580's Return on Equity (9.9%) is considered low.


Next Steps

Financial Health

How is Sun.King Power Electronics Group's financial position?


Financial Position Analysis

Short Term Liabilities: 580's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥806.2M).

Long Term Liabilities: 580's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥20.3M).


Debt to Equity History and Analysis

Debt Level: 580's debt to equity ratio (27.8%) is considered satisfactory.

Reducing Debt: 580's debt to equity ratio has reduced from 34.8% to 27.8% over the past 5 years.

Debt Coverage: 580's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 580's interest payments on its debt are well covered by EBIT (20.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Sun.King Power Electronics Group current dividend yield, its reliability and sustainability?

2.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 580's dividend (2.64%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).

High Dividend: 580's dividend (2.64%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.92%).


Stability and Growth of Payments

Stable Dividend: 580 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 580's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.9%), 580's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

6.4yrs

Average management tenure


CEO

Renyuan Gong (49 yo)

8.42yrs

Tenure

CN¥3,026,000

Compensation

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 b ...


CEO Compensation Analysis

Compensation vs Market: Renyuan's total compensation ($USD444.67K) is about average for companies of similar size in the Hong Kong market ($USD346.00K).

Compensation vs Earnings: Renyuan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jie Xiang
Founder & Chairman of the Board10.33yrsCN¥3.48m23.42%
CN¥ 718.1m
Renyuan Gong
CEO, President & Executive Director8.42yrsCN¥3.03m0.92%
CN¥ 28.3m
Jie Ren
Vice President of the Human Resources & Administration Departmentno datano data0.26%
CN¥ 8.1m
Zhoumin Yue
VP & Executive Director10.33yrsCN¥1.38m0.34%
CN¥ 10.5m
Xiangpeng Bo
Chief Financial Officer4.42yrsno datano data
Lina He
Company Secretary4.42yrsno datano data

6.4yrs

Average Tenure

44yo

Average Age

Experienced Management: 580's management team is seasoned and experienced (6.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jie Xiang
Founder & Chairman of the Board10.33yrsCN¥3.48m23.42%
CN¥ 718.1m
Renyuan Gong
CEO, President & Executive Director8.42yrsCN¥3.03m0.92%
CN¥ 28.3m
Zhoumin Yue
VP & Executive Director10.33yrsCN¥1.38m0.34%
CN¥ 10.5m
Ming Shu Leung
Independent Non-Executive Director3.5yrsCN¥159.00kno data
Shimin Chen
Independent Non-Executive Director10.08yrsCN¥159.00kno data
Hang Zhao
Independent Non-Executive Director2.75yrsCN¥159.00kno data
Xuejun Zhang
Independent Non-Executive Director3.75yrsCN¥159.00kno data
Ming Zhu
Non-Executive Director2.92yrsno datano data
Ling Zhang
Non-Executive Director2.75yrsno datano data
Lei Gao
Deputy Chairman0.25yrno datano data

3.6yrs

Average Tenure

49yo

Average Age

Experienced Board: 580's board of directors are considered experienced (3.6 years average tenure).


Ownership

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


Insider Trading Volume

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


Ownership Breakdown

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


Top Shareholders

Company Information

Sun.King Power Electronics Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sun.King Power Electronics Group Limited
  • Ticker: 580
  • Exchange: SEHK
  • Founded: 2002
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: HK$3.066b
  • Shares outstanding: 1.63b
  • Website: https://www.sunking-tech.com

Number of Employees


Location

  • Sun.King Power Electronics Group Limited
  • Building 9-A
  • KongGangRongHuiYuan, Yuhua Road
  • Beijing
  • Beijing Province
  • 101318
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
580SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2010
9S9DB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2010

Biography

Sun.King Power Electronics Group Limited, an investment holding company, manufactures and trades in power electronic components for use in power transmission, rail transportation, industrial, and other sec ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/22 19:14
End of Day Share Price2020/09/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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