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Q Technology (Group)

SEHK:1478
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1478
SEHK
HK$7B
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company description

Q Technology (Group) Company Limited engages in the research and development, design, manufacture, and sale of camera and fingerprint recognition modules in the People’s Republic of China and internationally. The last earnings update was 70 days ago. More info.


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  • Q Technology (Group) has significant price volatility in the past 3 months.
1478 Share Price and Events
7 Day Returns
-4.8%
SEHK:1478
0.2%
HK Consumer Durables
-0.2%
HK Market
1 Year Returns
-4.3%
SEHK:1478
-20.6%
HK Consumer Durables
-6.6%
HK Market
1478 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Q Technology (Group) (1478) -4.8% 5.9% -13.8% -4.3% 266.5% -
HK Consumer Durables 0.2% 6.2% -8.7% -20.6% 6.7% -6.1%
HK Market -0.2% 2.3% -5.5% -6.6% 22.5% 4.4%
1 Year Return vs Industry and Market
  • 1478 outperformed the Consumer Durables industry which returned -20.6% over the past year.
  • 1478 outperformed the Market in Hong Kong which returned -6.6% over the past year.
Price Volatility
1478
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Q Technology (Group)'s competitors could be found in our database.

Value

 Is Q Technology (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 Q Technology (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 Q Technology (Group).

SEHK:1478 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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:1478
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.874 (1 + (1- 25%) (20.37%))
1.005
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.005 * 5.96%)
7.99%

Discounted Cash Flow Calculation for SEHK:1478 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Q Technology (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:1478 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.99%)
2019 18.00 Analyst x9 16.67
2020 357.75 Analyst x4 306.76
2021 333.00 Analyst x3 264.41
2022 318.29 Est @ -4.42% 234.02
2023 310.35 Est @ -2.49% 211.30
2024 306.80 Est @ -1.14% 193.43
2025 306.19 Est @ -0.2% 178.76
2026 307.60 Est @ 0.46% 166.29
2027 310.44 Est @ 0.92% 155.41
2028 314.32 Est @ 1.25% 145.70
Present value of next 10 years cash flows CN¥1,872.74
SEHK:1478 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥314.32 × (1 + 2%) ÷ (7.99% – 2%)
CN¥5,353.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥5,353.60 ÷ (1 + 7.99%)10
CN¥2,481.65
SEHK:1478 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥1,872.74 + CN¥2,481.65
CN¥4,354.39
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥4,354.39 / 1,141.91
CN¥3.81
SEHK:1478 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1478)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥3.81 x 1.135
HK$4.33
Value per share (HKD) From above. HK$4.33
Current discount Discount to share price of HK$5.79
= -1 x (HK$5.79 - HK$4.33) / HK$4.33
-33.7%

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

  • The current share price of Q Technology (Group) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Q Technology (Group)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Q Technology (Group)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1478 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.01
SEHK:1478 Share Price ** SEHK (2019-06-26) in HKD HK$5.79
SEHK:1478 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥5.1
Hong Kong Consumer Durables Industry PE Ratio Median Figure of 24 Publicly-Listed Consumer Durables Companies 9.94x
Hong Kong Market PE Ratio Median Figure of 1,488 Publicly-Listed Companies 10.77x

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

** Primary Listing of Q Technology (Group).

SEHK:1478 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1478 Share Price ÷ EPS (both in CNY)

= 5.1 ÷ 0.01

399.42x

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

  • Q Technology (Group) is overvalued based on earnings compared to the HK Consumer Durables industry average.
  • Q Technology (Group) is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Q Technology (Group)'s expected growth come at a high price?
Raw Data
SEHK:1478 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 399.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
33.1%per year
Hong Kong Consumer Durables Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Durables Companies 0.72x
Hong Kong Market PEG Ratio Median Figure of 470 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

SEHK:1478 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 399.42x ÷ 33.1%

12.06x

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

  • Q Technology (Group) is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Q Technology (Group)'s assets?
Raw Data
SEHK:1478 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.86
SEHK:1478 Share Price * SEHK (2019-06-26) in HKD HK$5.79
SEHK:1478 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥5.1
Hong Kong Consumer Durables Industry PB Ratio Median Figure of 39 Publicly-Listed Consumer Durables Companies 0.84x
Hong Kong Market PB Ratio Median Figure of 2,173 Publicly-Listed Companies 0.93x
SEHK:1478 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1478 Share Price ÷ Book Value per Share (both in CNY)

= 5.1 ÷ 1.86

2.74x

* Primary Listing of Q Technology (Group).

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

  • Q Technology (Group) is overvalued based on assets compared to the HK Consumer Durables industry average.
X
Value checks
We assess Q Technology (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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Q Technology (Group) has a total score of 0/6, 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 Q Technology (Group) expected to perform in the next 1 to 3 years based on estimates from 16 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
33.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Q Technology (Group) expected to grow at an attractive rate?
  • Q Technology (Group)'s earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Q Technology (Group)'s earnings growth is expected to exceed the Hong Kong market average.
  • Q Technology (Group)'s revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1478 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1478 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 33.1%
SEHK:1478 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 15.7%
Hong Kong Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.1%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*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:1478 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1478 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 25,356 1,121 1
2022-12-31 21,287 953 1
2021-12-31 14,275 826 569 12
2020-12-31 12,823 743 484 16
2019-12-31 11,055 619 370 16
SEHK:1478 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 8,135 -173 14
2018-09-30 7,838 272 99
2018-06-30 7,541 717 183
2018-03-31 7,740 1,469 310
2017-12-31 7,939 2,222 436
2017-09-30 7,404 1,736 373
2017-06-30 6,869 1,250 310
2017-03-31 5,930 606 251
2016-12-31 4,991 -39 191
2016-09-30 4,026 0 156
2016-06-30 3,061 39 121
2016-03-31 2,632 182 112

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Q Technology (Group)'s earnings are expected to grow significantly at over 20% yearly.
  • Q Technology (Group)'s revenue is expected to grow by 15.7% 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:1478 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Q Technology (Group) Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1478 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.97 0.97 0.97 1.00
2022-12-31 0.83 0.83 0.83 1.00
2021-12-31 0.51 0.70 0.30 10.00
2020-12-31 0.43 0.63 0.30 14.00
2019-12-31 0.32 0.45 0.20 14.00
SEHK:1478 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.01
2018-09-30 0.09
2018-06-30 0.17
2018-03-31 0.28
2017-12-31 0.40
2017-09-30 0.34
2017-06-30 0.29
2017-03-31 0.24
2016-12-31 0.18
2016-09-30 0.15
2016-06-30 0.12
2016-03-31 0.11

*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.
  • Q Technology (Group) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Q Technology (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.
Q Technology (Group) has a total score of 4/6, 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 Q Technology (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 Q Technology (Group)'s growth in the last year to its industry (Consumer Durables).
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.
  • Q Technology (Group)'s year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Q Technology (Group)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Q Technology (Group)'s 1-year earnings growth is negative, it can't be compared to the HK Consumer Durables industry average.
Earnings and Revenue History
Q Technology (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 Q Technology (Group) Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1478 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 8,135.16 14.40 99.76 266.20
2018-09-30 7,837.92 98.80 86.01 256.20
2018-06-30 7,540.67 183.21 72.25 246.20
2018-03-31 7,739.82 309.74 76.63 257.88
2017-12-31 7,938.96 436.28 81.00 269.56
2017-09-30 7,404.04 373.31 86.63 232.31
2017-06-30 6,869.13 310.35 92.26 195.06
2017-03-31 5,930.14 250.55 71.62 159.81
2016-12-31 4,991.16 190.76 50.97 124.56
2016-09-30 4,025.92 155.97 43.90 107.57
2016-06-30 3,060.68 121.18 36.84 90.57
2016-03-31 2,631.54 111.59 35.29 82.45
2015-12-31 2,202.40 102.00 33.74 74.33
2015-09-30 2,133.57 135.78 35.63 75.17
2015-06-30 2,064.75 169.57 37.52 76.02
2015-03-31 2,112.92 182.54 41.44 74.72
2014-12-31 2,161.08 195.51 45.37 73.42
2014-09-30 1,999.64 200.21 38.36 70.58
2014-06-30 1,838.19 204.91 31.35 67.74
2014-03-31 1,624.40 184.04 24.59 59.40
2013-12-31 1,410.61 163.16 17.83 51.06
2012-12-31 637.79 50.47 8.29 24.96

*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.
  • Q Technology (Group) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Q Technology (Group) used its assets less efficiently than the HK Consumer Durables industry average last year based on Return on Assets.
  • Q Technology (Group)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Q Technology (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 Consumer Durables 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.
Q Technology (Group) 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 Q Technology (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 Q Technology (Group)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Q Technology (Group)'s short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Q Technology (Group)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Q Technology (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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.6x 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 Q Technology (Group) Company Filings, last reported 5 months ago.

SEHK:1478 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,103.44 1,178.24 99.92
2018-09-30 2,103.44 1,178.24 99.92
2018-06-30 2,043.16 1,298.40 245.48
2018-03-31 2,043.16 1,298.40 245.48
2017-12-31 2,145.66 1,078.12 761.73
2017-09-30 2,145.66 1,078.12 761.73
2017-06-30 1,734.58 142.25 637.02
2017-03-31 1,734.58 142.25 637.02
2016-12-31 1,567.97 335.43 64.91
2016-09-30 1,567.97 335.43 64.91
2016-06-30 1,305.60 151.73 158.91
2016-03-31 1,305.60 151.73 158.91
2015-12-31 1,217.56 142.16 282.22
2015-09-30 1,217.56 142.16 282.22
2015-06-30 1,149.38 365.88 421.03
2015-03-31 1,149.38 365.88 421.03
2014-12-31 1,124.29 712.68 553.10
2014-09-30 1,124.29 712.68 553.10
2014-06-30 367.51 966.11 130.36
2014-03-31 367.51 966.11 130.36
2013-12-31 268.60 439.58 92.33
2012-12-31 101.35 146.53 108.69
  • Q Technology (Group)'s level of debt (56%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (165.2% vs 56% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
X
Financial health checks
We assess Q Technology (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. Q Technology (Group) has a total score of 3/6, 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 Q Technology (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
0%
Current annual income from Q Technology (Group) dividends. Estimated to be 2.42% next year.
If you bought HK$2,000 of Q Technology (Group) shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Q Technology (Group)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Q Technology (Group)'s dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:1478 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 16 Analyst Estimates (S&P Global) See Below
Hong Kong Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 2.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.7%
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 5.9%

Industry and Market average data is calculated daily.

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

SEHK:1478 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.09 6.00
2020-12-31 0.20 8.00
2019-12-31 0.07 8.00
SEHK:1478 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-17 0.000 0.000
2019-03-25 0.000 0.000
2018-03-19 0.078 1.633
2017-03-16 0.035 0.427
2016-09-15 0.000 0.000
2016-08-19 0.000 0.000
2016-04-14 0.000 0.000
2016-03-24 0.000 0.000
2015-04-20 0.041 2.964
2015-03-27 0.041 1.859

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

  • Unable to perform a dividend volatility check as Q Technology (Group) has not reported any payouts.
  • Unable to verify if Q Technology (Group)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Q Technology (Group)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Q Technology (Group) has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.2x coverage).
X
Income/ dividend checks
We assess Q Technology (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 Q Technology (Group) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Q Technology (Group) has a total score of 1/6, 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 Q Technology (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
Jianqiang Wang
COMPENSATION CN¥816,000
AGE 46
TENURE AS CEO 2.9 years
CEO Bio

Mr. Jianqiang Wang has been Chief Executive Officer of Q Technology (Group) Company Limited since July 8, 2016. Mr. Wang served as the Chief Financial Officer at Q Technology (Group) Company Limited until July 8, 2016. Mr. Wang was responsible for audit management and budgeting of the Group. Prior to joining Q Technology Group, Mr. Wang served as a supervisor of the quality assurance department of SAE Magnetics, a computer hardware manufacturer, from October 1995 to September 1996, where he was primarily responsible for product quality assurance. From August 1998 to January 2005, he served as the Sales Assistant Manager of the Shenzhen office of Samsung Electro-Mechanics (H.K.) Limited, a manufacturer of electronic components, where he was primarily responsible for sales of the electronic components. From February 2005 to April 2014 and December 2005 to April 2014, respectively, Mr. Wang served as Chief Financial Officer of Shenzhen CK and Heyuan CK where he was primarily responsible for audit management and budgeting. He has been an Executive Director at Q Technology (Group) Company Limited since May 5, 2014 and served as its Director since May 05, 2014. Mr. Wang received his bachelor's degree in engineering, majoring in fluid machinery and engineering, from Sichuan University of Science and Technology in June 1995.

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

Average tenure and age of the Q Technology (Group) management team in years:

2.9
Average Tenure
42
Average Age
  • The tenure for the Q Technology (Group) management team is about average.
Management Team

Ningning He

TITLE
Chairman
COMPENSATION
CN¥315K
AGE
47
TENURE
4.6 yrs

Jianqiang Wang

TITLE
CEO & Executive Director
COMPENSATION
CN¥816K
AGE
46
TENURE
2.9 yrs

Sanmu Hu

TITLE
VP of Sales & Executive Director
COMPENSATION
CN¥785K
AGE
42

Fuqiang Fan

TITLE
CFO & Chief Legal Director
AGE
40
TENURE
2.9 yrs

Tilun Liu

TITLE
Vice President of Technology Center
AGE
49

Yanfang Le

TITLE
Senior Human Resources Manager
AGE
34

Zhihua Cheng

TITLE
Company Secretary
AGE
42
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the Q Technology (Group) board of directors in years:

4.6
Average Tenure
47.5
Average Age
  • The tenure for the Q Technology (Group) board of directors is about average.
Board of Directors

Ningning He

TITLE
Chairman
COMPENSATION
CN¥315K
AGE
47
TENURE
4.6 yrs

Jianqiang Wang

TITLE
CEO & Executive Director
COMPENSATION
CN¥816K
AGE
46
TENURE
5.1 yrs

Sanmu Hu

TITLE
VP of Sales & Executive Director
COMPENSATION
CN¥785K
AGE
42
TENURE
2.9 yrs

Wallace Ng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥88K
AGE
49
TENURE
4.6 yrs

Chia-Hsiang Chu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥88K
AGE
48
TENURE
4.6 yrs

Ping Keung Ko

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥88K
AGE
67
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Q Technology (Group) individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
21. May 19 Buy Sanmu Hu Individual 20. May 19 20. May 19 50,000 HK$5.70 HK$285,000
21. May 19 Buy Ningning He Individual 20. May 19 20. May 19 300,000 HK$5.72 HK$1,716,000
28. Dec 18 Buy Ningning He Individual 28. Dec 18 28. Dec 18 592,000 HK$4.39 HK$2,598,882
27. Dec 18 Buy Ningning He Individual 27. Dec 18 27. Dec 18 208,000 HK$4.27 HK$888,160
X
Management checks
We assess Q Technology (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. Q Technology (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.

News

Simply Wall St News

Do Insiders Own Shares In Q Technology (Group) Company Limited (HKG:1478)?

A look at the shareholders of Q Technology (Group) Company Limited (HKG:1478) can tell us which group is most powerful. … Q Technology (Group) is a smaller company with a market capitalization of HK$6.2b, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for Q Technology (Group) SEHK:1478 Ownership Summary, June 6th 2019 What Does The Institutional Ownership Tell Us About Q Technology (Group)?

Simply Wall St -

Read This Before Selling Q Technology (Group) Company Limited (HKG:1478) Shares

So we'll take a look at whether insiders have been buying or selling shares in Q Technology (Group) Company Limited (HKG:1478). … Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. … Once you factor in the high insider ownership, it certainly seems like insiders are positive about Q Technology (Group).

Simply Wall St -

Q Technology (Group) Company Limited (HKG:1478) Might Not Be A Great Investment

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is 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 Q Technology (Group) Company Limited's (HKG:1478) Balance Sheet Strong Enough To Weather A Storm?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Understanding the company's financial health becomes. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

Q Technology (Group) Company Limited (HKG:1478) Delivered A Weaker ROE Than Its Industry

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Q Technology (Group) has a return on equity of 0.7% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does Q Technology (Group) Company Limited (HKG:1478) Have A Place In Your Dividend Stock Portfolio?

Q Technology (Group) Company Limited (HKG:1478) has paid a dividend to shareholders in the last few years. … Let's dig deeper into whether Q Technology (Group) should have a place in your portfolio. … See our latest analysis for Q Technology (Group)

Simply Wall St -

The Q Technology (Group) Share Price Is Up 452% And Shareholders Are Delighted

One such superstar is Q Technology (Group) Company Limited (HKG:1478), which saw its share price soar 452% in three years. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the three years of share price growth, Q Technology (Group) actually saw its earnings per share (EPS) drop 5.5% per year.

Simply Wall St -

Do Insiders Own Shares In Q Technology (Group) Company Limited (HKG:1478)?

Every investor in Q Technology (Group) Company Limited (HKG:1478) should be aware of the most powerful shareholder groups. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Q Technology (Group) is not a large company by global standards.

Simply Wall St -

Q Technology (Group) Company Limited (HKG:1478) Is Employing Capital Very Effectively

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. … 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 -

How Should Investors Feel About Q Technology (Group) Company Limited's (HKG:1478) CEO Pay?

Jianqiang Wang became the CEO of Q Technology (Group) Company Limited (HKG:1478) in 2016. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Jianqiang Wang's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Company Info

Description

Q Technology (Group) Company Limited engages in the research and development, design, manufacture, and sale of camera and fingerprint recognition modules in the People’s Republic of China and internationally. The company offers high- and middle-range, and dual camera modules, as well as front facing and rear fingerprint recognition modules for the branded smart phone and tablet market. It also trades in camera modules. The company was founded in 2007 and is headquartered in Kunshan, the People’s Republic of China.

Details
Name: Q Technology (Group) Company Limited
1478
Exchange: SEHK
Founded: 2007
HK$6,565,956,050
1,141,905,400
Website: http://www.qtechglobal.com
Address: Q Technology (Group) Company Limited
No. 3 Taihong Road,
Hi-tech Industry Park,
Kunshan,
Jiangsu Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1478 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Dec 2014
SHSC 1478 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 02. Dec 2014
SZSC 1478 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 02. Dec 2014
Number of employees
Current staff
Staff numbers
2,874
Q Technology (Group) employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 13:11
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/06/21
Last earnings filing: 2019/04/17
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.