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Sun Hing Vision Group Holdings

SEHK:125
Snowflake Description

Excellent balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
125
SEHK
HK$762M
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company description

Sun Hing Vision Group Holdings Limited, an investment holding company, manufactures and trades in eyewear products worldwide. The last earnings update was 154 days ago. More info.


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125 Share Price and Events
7 Day Returns
0%
SEHK:125
-5%
HK Luxury
-3.5%
HK Market
1 Year Returns
-11.8%
SEHK:125
-14.4%
HK Luxury
-16.8%
HK Market
125 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sun Hing Vision Group Holdings (125) 0% 0% -2.1% -11.8% -0.7% 23%
HK Luxury -5% -7.6% -0.7% -14.4% 18.1% 1.1%
HK Market -3.5% -9.6% -4.2% -16.8% 24.6% 7.2%
1 Year Return vs Industry and Market
  • 125 outperformed the Luxury industry which returned -14.4% over the past year.
  • 125 outperformed the Market in Hong Kong which returned -16.8% over the past year.
Price Volatility
125
Industry
5yr Volatility vs Market

Value

 Is Sun Hing Vision Group 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 Sun Hing Vision Group 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 Sun Hing Vision Group Holdings.

SEHK:125 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 7.6%
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:125
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 25%) (6.23%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.835 * 6.65%)
7.55%

Discounted Cash Flow Calculation for SEHK:125 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sun Hing Vision Group 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:125 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 7.55%)
2019 80.72 Est @ -3.15% 75.05
2020 79.43 Est @ -1.6% 68.67
2021 79.02 Est @ -0.52% 63.51
2022 79.21 Est @ 0.24% 59.19
2023 79.81 Est @ 0.77% 55.46
2024 80.72 Est @ 1.14% 52.15
2025 81.85 Est @ 1.4% 49.16
2026 83.14 Est @ 1.58% 46.43
2027 84.56 Est @ 1.71% 43.91
2028 86.08 Est @ 1.8% 41.56
Present value of next 10 years cash flows HK$555.08
SEHK:125 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$86.08 × (1 + 2%) ÷ (7.55% – 2%)
HK$1,581.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$1,581.70 ÷ (1 + 7.55%)10
HK$763.58
SEHK:125 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$555.08 + HK$763.58
HK$1,318.65
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$1,318.65 / 262.78
HK$5.02
SEHK:125 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$5.02
Current discount Discount to share price of HK$2.83
= -1 x (HK$2.83 - HK$5.02) / HK$5.02
43.6%

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

Current Discount
Amount off the current price Sun Hing Vision Group Holdings is available for.
Intrinsic value
44%
Share price is HK$2.83 vs Future cash flow value of HK$5.02
Current Discount Checks
For Sun Hing Vision Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sun Hing Vision Group Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sun Hing Vision Group 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 Sun Hing Vision Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sun Hing Vision Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:125 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$0.27
SEHK:125 Share Price ** SEHK (2019-05-21) in HKD HK$2.83
Hong Kong Luxury Industry PE Ratio Median Figure of 77 Publicly-Listed Luxury Companies 10.03x
Hong Kong Market PE Ratio Median Figure of 1,477 Publicly-Listed Companies 11.08x

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

** Primary Listing of Sun Hing Vision Group Holdings.

SEHK:125 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:125 Share Price ÷ EPS (both in HKD)

= 2.83 ÷ 0.27

10.33x

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

  • Sun Hing Vision Group Holdings is overvalued based on earnings compared to the HK Luxury industry average.
  • Sun Hing Vision Group Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Sun Hing Vision Group Holdings's expected growth come at a high price?
Raw Data
SEHK:125 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
9.3%per year
Hong Kong Luxury Industry PEG Ratio Median Figure of 23 Publicly-Listed Luxury Companies 0.85x
Hong Kong Market PEG Ratio Median Figure of 463 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 Sun Hing Vision Group Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sun Hing Vision Group Holdings's assets?
Raw Data
SEHK:125 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$3.57
SEHK:125 Share Price * SEHK (2019-05-21) in HKD HK$2.83
Hong Kong Luxury Industry PB Ratio Median Figure of 122 Publicly-Listed Luxury Companies 1.07x
Hong Kong Market PB Ratio Median Figure of 2,156 Publicly-Listed Companies 0.97x
SEHK:125 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:125 Share Price ÷ Book Value per Share (both in HKD)

= 2.83 ÷ 3.57

0.79x

* Primary Listing of Sun Hing Vision Group Holdings.

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

  • Sun Hing Vision Group Holdings is good value based on assets compared to the HK Luxury industry average.
X
Value checks
We assess Sun Hing Vision Group 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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. Sun Hing Vision Group 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.

Future Performance

 How is Sun Hing Vision Group Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Sun Hing Vision Group Holdings, 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
9.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sun Hing Vision Group Holdings expected to grow at an attractive rate?
  • Sun Hing Vision Group Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Sun Hing Vision Group Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Sun Hing Vision Group Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:125 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:125 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 9.3%
Hong Kong Luxury Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
Hong Kong Luxury Industry Revenue Growth Rate Market Cap Weighted Average 11.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
SEHK:125 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:125 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 1,137 142 72
2018-06-30 1,069 150 68
2018-03-31 1,002 157 64
2017-12-31 1,028 150 70
2017-09-30 1,055 142 76
2017-06-30 1,061 151 73
2017-03-31 1,067 160 71
2016-12-31 1,070 64
2016-09-30 1,072 121 58
2016-06-30 1,075 118 57
2016-03-31 1,078 114 55
2015-12-31 1,112 60

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sun Hing Vision Group Holdings's earnings are expected to grow by 9.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Sun Hing Vision Group 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:125 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Sun Hing Vision Group Holdings Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:125 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 0.27
2018-06-30 0.26
2018-03-31 0.24
2017-12-31 0.27
2017-09-30 0.29
2017-06-30 0.28
2017-03-31 0.27
2016-12-31 0.24
2016-09-30 0.22
2016-06-30 0.22
2016-03-31 0.21
2015-12-31 0.23

*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 Hing Vision Group Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sun Hing Vision Group 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.
Sun Hing Vision Group Holdings has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Sun Hing Vision Group 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 Sun Hing Vision Group Holdings's growth in the last year to its industry (Luxury).
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 Hing Vision Group Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Sun Hing Vision Group Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sun Hing Vision Group Holdings's 1-year earnings growth is negative, it can't be compared to the HK Luxury industry average.
Earnings and Revenue History
Sun Hing Vision Group 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 Sun Hing Vision Group Holdings Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:125 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,136.76 71.97 189.97
2018-06-30 1,069.20 68.01 185.06
2018-03-31 1,001.64 64.06 180.14
2017-12-31 1,028.23 69.88 177.45
2017-09-30 1,054.81 75.71 174.75
2017-06-30 1,061.13 73.31 174.99
2017-03-31 1,067.45 70.90 175.23
2016-12-31 1,069.86 64.31 173.65
2016-09-30 1,072.28 57.71 172.07
2016-06-30 1,074.96 56.58 169.76
2016-03-31 1,077.64 55.44 167.46
2015-12-31 1,111.58 59.51 165.97
2015-09-30 1,145.52 63.58 164.48
2015-06-30 1,179.51 65.29 162.27
2015-03-31 1,213.51 67.01 160.06
2014-12-31 1,194.01 56.96 158.87
2014-09-30 1,174.51 47.32 157.29
2014-06-30 1,175.74 45.81 157.53
2014-03-31 1,176.97 44.30 157.78
2013-12-31 1,193.69 50.20 157.57
2013-09-30 1,210.41 56.09 157.37
2013-06-30 1,187.59 54.57 152.66
2013-03-31 1,164.78 53.05 147.96
2012-12-31 1,142.59 59.44 144.27
2012-09-30 1,120.41 65.84 140.58
2012-06-30 1,137.78 74.60 141.18

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

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

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

Health

 How is Sun Hing Vision Group 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 Sun Hing Vision Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sun Hing Vision Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sun Hing Vision Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sun Hing Vision Group 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 15.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sun Hing Vision Group Holdings Company Filings, last reported 7 months ago.

SEHK:125 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 938.88 47.47 324.04
2018-06-30 938.88 47.47 324.04
2018-03-31 937.90 0.00 395.06
2017-12-31 937.90 0.00 395.06
2017-09-30 922.68 0.00 431.76
2017-06-30 922.68 0.00 431.76
2017-03-31 932.15 0.00 430.35
2016-12-31 932.15 0.00 430.35
2016-09-30 909.46 0.00 388.39
2016-06-30 909.46 0.00 388.39
2016-03-31 924.97 0.00 363.94
2015-12-31 924.97 0.00 363.94
2015-09-30 935.54 0.00 390.30
2015-06-30 935.54 0.00 390.30
2015-03-31 936.71 0.00 382.84
2014-12-31 958.35 0.00 382.84
2014-09-30 937.13 0.00 311.66
2014-06-30 937.13 0.00 311.66
2014-03-31 943.18 0.00 338.57
2013-12-31 943.18 0.00 338.57
2013-09-30 942.59 0.00 357.26
2013-06-30 942.59 0.00 357.26
2013-03-31 941.39 0.00 358.60
2012-12-31 941.39 0.00 358.60
2012-09-30 920.89 0.00 359.85
2012-06-30 920.89 0.00 359.85
  • Sun Hing Vision Group Holdings's level of debt (5.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 5.1% today).
  • Debt is well covered by operating cash flow (299.1%, greater than 20% of total debt).
  • Sun Hing Vision Group Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sun Hing Vision Group 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. Sun Hing Vision Group Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Sun Hing Vision Group 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
6.36%
Current annual income from Sun Hing Vision Group Holdings dividends.
If you bought HK$2,000 of Sun Hing Vision Group Holdings shares you are expected to receive HK$127 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 Hing Vision Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.09%).
  • Sun Hing Vision Group Holdings's dividend is above the markets top 25% of dividend payers in Hong Kong (5.75%).
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:125 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 Luxury Industry Average Dividend Yield Market Cap Weighted Average of 57 Stocks 2.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 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 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:125 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-12-18 0.180 6.350
2018-11-23 0.180 6.680
2018-07-20 0.180 6.875
2018-06-29 0.180 6.397
2017-11-24 0.250 7.756
2017-08-18 0.250 7.991
2016-12-19 0.230 7.941
2016-11-25 0.230 8.118
2016-08-19 0.225 8.312
2015-12-17 0.245 8.883
2015-11-27 0.245 8.383
2015-07-17 0.250 8.295
2015-06-26 0.250 8.176
2014-12-18 0.210 7.859
2014-07-18 0.205 7.784
2014-06-27 0.205 7.991
2013-12-12 0.165 6.916
2013-11-27 0.165 6.482
2013-07-19 0.165 6.123
2013-06-24 0.165 6.285
2012-11-28 0.185 6.944
2012-06-22 0.203 7.662
2011-11-25 0.203 7.486
2011-06-24 0.203 6.679
2010-11-26 0.188 5.419
2010-07-09 0.175 5.318
2009-12-18 0.175 5.312
2009-07-10 0.175 5.921

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sun Hing Vision Group Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x 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 Hing Vision Group 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 Sun Hing Vision Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sun Hing Vision Group Holdings has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Sun Hing Vision Group 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
Otis Ku
COMPENSATION HK$1,233,000
AGE 51
CEO Bio

Mr. Ngai Yung Ku, also known as Otis has been the Chairman of Sun Hing Vision Group Holdings Ltd since March 2, 1999 and serves as its Managing Director. Mr. Ku joined Sun Hing Vision Group Holdings Ltd. in June 1988 upon graduation from university. Mr. Ku is responsible for Sun Hing Vision Group Holdings Ltd.'s overall corporate policy making, strategic planning and business development. He has been actively involved in all aspects of Sun Hing Vision Group Holdings Ltd.'s business, including design, product development, sales and marketing, as well as production. Mr. Ku holds a Bachelor of Arts degree majoring in administrative and commercial studies from the University of Western Ontario, Canada.

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

Otis Ku

TITLE
Chairman & MD
COMPENSATION
HK$1M
AGE
51

Ka Ku

TITLE
Deputy Chairman & CFO
COMPENSATION
HK$1M
AGE
45

Chi Chan

TITLE
Director of General Administration & Executive Director
COMPENSATION
HK$1M
AGE
52

Sau Ma

TITLE
Director of Marketing Development & Executive Director
COMPENSATION
HK$1M
AGE
56

Clarence Lun

TITLE
Financial Controller & Company Secretary
AGE
43

Jimson Tsang

TITLE
Consultant
COMPENSATION
HK$133K
AGE
50
TENURE
2.9 yrs
Board of Directors Tenure

Average tenure and age of the Sun Hing Vision Group Holdings board of directors in years:

17.4
Average Tenure
52
Average Age
  • The average tenure for the Sun Hing Vision Group Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Otis Ku

TITLE
Chairman & MD
COMPENSATION
HK$1M
AGE
51

Ka Ku

TITLE
Deputy Chairman & CFO
COMPENSATION
HK$1M
AGE
45

Chi Chan

TITLE
Director of General Administration & Executive Director
COMPENSATION
HK$1M
AGE
52
TENURE
17.4 yrs

Sau Ma

TITLE
Director of Marketing Development & Executive Director
COMPENSATION
HK$1M
AGE
56
TENURE
17.4 yrs

Roy Lo

TITLE
Independent Non-Executive Director
COMPENSATION
HK$132K
AGE
46
TENURE
20 yrs

Kwong Lee

TITLE
Independent Non-Executive Director
COMPENSATION
HK$132K
AGE
55
TENURE
18 yrs

Eddy Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$132K
AGE
58
TENURE
14.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Sun Hing Vision Group 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. Sun Hing Vision Group 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

Should You Be Tempted To Sell Sun Hing Vision Group Holdings Limited (HKG:125) Because Of Its P/E Ratio?

The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Sun Hing Vision Group Holdings: P/E of 10.44 = HK$2.86 ÷ HK$0.27 (Based on the year to September 2018.) Is A High P/E Ratio Good? … Sun Hing Vision Group Holdings's earnings per share fell by 4.9% in the last twelve months. … So if Sun Hing Vision Group Holdings actually outperforms its peers going forward, that should be a positive for the share price.

Simply Wall St -

An Examination Of Sun Hing Vision Group Holdings Limited (HKG:125)

Sun Hing Vision Group Holdings Limited (HKG:125) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … company with a

Simply Wall St -

Shareholders Should Look Hard At Sun Hing Vision Group Holdings Limited’s (HKG:125) 7.0% Return On Capital

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 measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Is Sun Hing Vision Group Holdings Limited's (HKG:125) P/E Ratio Really That Good?

We'll look at Sun Hing Vision Group Holdings Limited's (HKG:125) P/E ratio and reflect on what it tells us about the company's share price. … Sun Hing Vision Group Holdings has a P/E ratio of 10.62, based on the last twelve months. … View our latest analysis for Sun Hing Vision Group Holdings?

Simply Wall St -

How Much is Sun Hing Vision Group Holdings Limited's (HKG:125) CEO Getting Paid?

Otis Ku is the CEO of Sun Hing Vision Group Holdings Limited (HKG:125). … See our latest analysis for Sun Hing Vision Group Holdings? … At the time of writing our data says that Sun Hing Vision Group Holdings Limited has a market cap of HK$759m, and is paying total annual CEO compensation of HK$1.2m.

Simply Wall St -

Should Sun Hing Vision Group Holdings Limited (HKG:125) Be Part Of Your Dividend Portfolio?

Historically, Sun Hing Vision Group Holdings Limited (HKG:125) has been paying a dividend to shareholders. … Let's take a look at Sun Hing Vision Group Holdings in more detail. … View our latest analysis for Sun Hing Vision Group Holdings

Simply Wall St -

Why Sun Hing Vision Group Holdings Limited’s (HKG:125) Use Of Investor Capital Doesn’t Look Great

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Could The Sun Hing Vision Group Holdings Limited (HKG:125) Ownership Structure Tell Us Something Useful?

A look at the shareholders of Sun Hing Vision Group Holdings Limited (HKG:125) can tell us which group is most powerful. … Sun Hing Vision Group Holdings is a smaller company with a market capitalization of HK$699m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Sun Hing Vision Group Holdings

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Sun Hing Vision Group Holdings Limited (HKG:125)

To keep it practical, we'll show how Sun Hing Vision Group Holdings Limited's (HKG:125) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Sun Hing Vision Group Holdings's P/E ratio is 9.82. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

How Does Sun Hing Vision Group Holdings Limited (HKG:125) Fare As A Dividend Stock?

Historically, Sun Hing Vision Group Holdings Limited (HKG:125) has paid dividends to shareholders, and these days it yields 7.3%. … Let's dig deeper into whether Sun Hing Vision Group Holdings should have a place in your portfolio. … Check out our latest analysis for Sun Hing Vision Group Holdings

Simply Wall St -

Company Info

Description

Sun Hing Vision Group Holdings Limited, an investment holding company, manufactures and trades in eyewear products worldwide. It offers plastic frames, metal frames, sunglasses, and related products on an original design manufacturing basis. The company also distributes eyewear products of various brands, such as agnes b., Bally, Celine Dion, Jill Stuart, Levi’s, and New Balance in Asia; and in-house branded eyewear products. In addition, it holds properties and trademarks. The company is headquartered in Kwun Tong, Hong Kong. Sun Hing Vision Group Holdings Limited is a subsidiary of United Vision International Limited.

Details
Name: Sun Hing Vision Group Holdings Limited
125
Exchange: SEHK
Founded:
HK$762,057,029
262,778,286
Website: http://www.sunhingoptical.com
Address: Sun Hing Vision Group Holdings Limited
1001C, Sunbeam Centre,
10th Floor,
Kwun Tong,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 125 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 21. May 1999
Number of employees
Current staff
Staff numbers
5,500
Sun Hing Vision Group Holdings employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 12:40
End of day share price update: 2019/05/21 00:00
Last earnings filing: 2018/12/18
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.