SEHK:3882

Stock Analysis Report

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Executive Summary

Sky Light Holdings Limited, an investment holding company, develops, manufactures, and distributes home surveillance cameras, 360-degree cameras, and other digital imaging products for the home surveillance camera industry. More Details


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

How has Sky Light Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3882 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.4%

3882

2.9%

HK Consumer Durables

1.1%

HK Market


1 Year Return

-26.6%

3882

16.1%

HK Consumer Durables

1.4%

HK Market

Return vs Industry: 3882 underperformed the Hong Kong Consumer Durables industry which returned 16.1% over the past year.

Return vs Market: 3882 underperformed the Hong Kong Market which returned 1.4% over the past year.


Shareholder returns

3882IndustryMarket
7 Day-0.4%2.9%1.1%
30 Day-7.8%8.6%7.0%
90 Day-13.0%24.5%2.4%
1 Year-26.6%-26.6%18.5%16.1%5.6%1.4%
3 Year-87.6%-87.6%3.0%-3.2%-4.4%-14.8%
5 Year-88.4%-89.3%54.1%35.7%20.5%0.2%

Price Volatility Vs. Market

How volatile is Sky Light Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sky Light Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3882 (HK$0.24) is trading below our estimate of fair value (HK$2.3)

Significantly Below Fair Value: 3882 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3882 is unprofitable, so we can't compare its PE Ratio to the HK Consumer Durables industry average.

PE vs Market: 3882 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3882's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3882's PB Ratio (0.9x) is in line with the HK Consumer Durables industry average.


Next Steps

Future Growth

How is Sky Light Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

17.6%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sky Light Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Sky Light Holdings performed over the past 5 years?

-41.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3882 is currently unprofitable.

Growing Profit Margin: 3882 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 3882 is unprofitable, and losses have increased over the past 5 years at a rate of 41.2% per year.

Accelerating Growth: Unable to compare 3882's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 3882 is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (5.4%).


Return on Equity

High ROE: 3882 has a negative Return on Equity (-29.55%), as it is currently unprofitable.


Next Steps

Financial Health

How is Sky Light Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 3882's short term assets (HK$307.4M) exceed its short term liabilities (HK$159.1M).

Long Term Liabilities: 3882's short term assets (HK$307.4M) exceed its long term liabilities (HK$26.3M).


Debt to Equity History and Analysis

Debt Level: 3882's debt to equity ratio (2.9%) is considered satisfactory.

Reducing Debt: 3882's debt to equity ratio has reduced from 68.7% to 2.9% over the past 5 years.

Debt Coverage: 3882's debt is well covered by operating cash flow (800.4%).

Interest Coverage: Insufficient data to determine if 3882's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Sky Light Holdings's current dividend yield, its reliability and sustainability?

25.53%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 3882's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 3882's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 3882's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3882's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 3882 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 3882's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

5.5yrs

Average board tenure


CEO

Terry Tang (61 yo)

no data

Tenure

HK$902,000

Compensation

Mr. Wing Fong Tang, also known as Terry, is the Founder, General Manager and Chief Executive Officer at Sky Light Holdings Limited and has been its Chairman since December 18, 2013 and Executive Director s ...


CEO Compensation Analysis

Compensation vs Market: Terry's total compensation ($USD116.39K) is below average for companies of similar size in the Hong Kong market ($USD233.00K).

Compensation vs Earnings: Terry's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Wing Fong Tang
Chairmanno dataHK$902.00k68.27%
HK$ 152.9m
Yongbin Lu
CFO, Head of Finance Department5.58yrsHK$742.00k0.40%
HK$ 905.2k
Yat Hong Tse
Independent Non-Executive Director2.83yrsHK$364.00kno data
Wah Keung Cheung
Independent Non-Executive Director5.33yrsHK$307.00kno data
Kam Sau Tang
Non-Executive Director5.58yrsno data4.11%
HK$ 9.2m
Tsu Ming Chan
Independent Non-Executive Director5.33yrsHK$307.00kno data

5.5yrs

Average Tenure

58yo

Average Age

Experienced Board: 3882's board of directors are considered experienced (5.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: 3882 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Sky Light Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sky Light Holdings Limited
  • Ticker: 3882
  • Exchange: SEHK
  • Founded: 2000
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: HK$223.894m
  • Shares outstanding: 952.74m
  • Website: https://www.sky-light.com.hk

Number of Employees


Location

  • Sky Light Holdings Limited
  • No. 8 and 9 Building
  • Antuoshan High-tech Industrial Park
  • Shenzhen
  • Guangdong Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3882SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2015
27LDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2015

Biography

Sky Light Holdings Limited, an investment holding company, develops, manufactures, and distributes home surveillance cameras, 360-degree cameras, and other digital imaging products for the home surveillanc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 12:38
End of Day Share Price2020/10/23 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.