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Vinco Financial Group

SEHK:8340
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8340
SEHK
HK$58M
Market Cap
  1. Home
  2. HK
  3. Diversified Financials
Company description

Vinco Financial Group Limited, an investment holding company, provides various financial services in Hong Kong. The last earnings update was 108 days ago. More info.


Add to Portfolio Compare Print
  • Vinco Financial Group has significant price volatility in the past 3 months.
8340 Share Price and Events
7 Day Returns
-1.1%
SEHK:8340
10.3%
HK Capital Markets
4%
HK Market
1 Year Returns
-81.8%
SEHK:8340
-20.7%
HK Capital Markets
-10.7%
HK Market
8340 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vinco Financial Group (8340) -1.1% -17.3% -39.3% -81.8% -85.8% -41.7%
HK Capital Markets 10.3% 18.5% 20.4% -20.7% 2.9% 24.2%
HK Market 4% 7.9% 10.4% -10.7% 37.6% 16.4%
1 Year Return vs Industry and Market
  • 8340 underperformed the Capital Markets industry which returned -20.7% over the past year.
  • 8340 underperformed the Market in Hong Kong which returned -10.7% over the past year.
Price Volatility
8340
Industry
5yr Volatility vs Market

Value

 Is Vinco Financial 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 Vinco Financial 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    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Vinco Financial Group.

SEHK:8340 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= HK$0.04 * 19.8%
HK$0.01
Book Value of Equity per Share Median Book Value from the past 5 years. HK$0.04
Discount Rate (Cost of Equity) See below 9.9%
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:8340
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 8%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.991 (1 + (1- 25%) (0%))
0.991
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.991 * 8%)
9.93%

Discounted Cash Flow Calculation for SEHK:8340 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Vinco Financial Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SEHK:8340 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (19.8% – 9.93%) * HK$0.04)
HK$0.00
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= HK$0.00 / (9.93% - 2%)
HK$0.05
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= HK$0.04 + HK$0.05
HK$0.1
SEHK:8340 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.10
Current discount Discount to share price of HK$0.09
= -1 x (HK$0.09 - HK$0.10) / HK$0.10
6.3%

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

Current Discount
Amount off the current price Vinco Financial Group is available for.
Intrinsic value
6%
Share price is HK$0.091 vs Future cash flow value of HK$0.09712
Current Discount Checks
For Vinco Financial Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Vinco Financial Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Vinco Financial Group's share price is below the future cash flow value, but not 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 Vinco Financial Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vinco Financial Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8340 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$0.01
SEHK:8340 Share Price ** SEHK (2019-02-22) in HKD HK$0.09
Hong Kong Capital Markets Industry PE Ratio Median Figure of 50 Publicly-Listed Capital Markets Companies 14.49x
Hong Kong Market PE Ratio Median Figure of 1,481 Publicly-Listed Companies 10.91x

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

** Primary Listing of Vinco Financial Group.

SEHK:8340 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8340 Share Price ÷ EPS (both in HKD)

= 0.09 ÷ 0.01

10.63x

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

  • Vinco Financial Group is good value based on earnings compared to the HK Capital Markets industry average.
  • Vinco Financial Group is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Vinco Financial Group's expected growth come at a high price?
Raw Data
SEHK:8340 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-13.9%per year
Hong Kong Capital Markets Industry PEG Ratio Median Figure of 8 Publicly-Listed Capital Markets Companies 0.56x
Hong Kong Market PEG Ratio Median Figure of 467 Publicly-Listed Companies 0.78x

*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 Vinco Financial Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vinco Financial Group's assets?
Raw Data
SEHK:8340 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$0.06
SEHK:8340 Share Price * SEHK (2019-02-22) in HKD HK$0.09
Hong Kong Capital Markets Industry PB Ratio Median Figure of 72 Publicly-Listed Capital Markets Companies 0.77x
Hong Kong Market PB Ratio Median Figure of 2,118 Publicly-Listed Companies 0.98x
SEHK:8340 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8340 Share Price ÷ Book Value per Share (both in HKD)

= 0.09 ÷ 0.06

1.55x

* Primary Listing of Vinco Financial Group.

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

  • Vinco Financial Group is overvalued based on assets compared to the HK Capital Markets industry average.
X
Value checks
We assess Vinco Financial 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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Vinco Financial Group has a total score of 2/6, 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 Vinco Financial Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Vinco Financial Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-13.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vinco Financial Group expected to grow at an attractive rate?
  • Vinco Financial Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Vinco Financial Group's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Vinco Financial Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8340 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:8340 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -13.9%
Hong Kong Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Hong Kong Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 12.8%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*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:8340 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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:8340 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:8340 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 26 5
2018-06-30 35 16 12
2018-03-31 36 12
2017-12-31 36 14 13
2017-09-30 30 10
2017-06-30 24 5 6
2017-03-31 22 6
2016-12-31 18 3 1
2016-09-30 15 -1
2016-06-30 16 1 0
2016-03-31 17 2
2015-12-31 18 2 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vinco Financial Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Vinco Financial Group 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:8340 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Vinco Financial Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8340 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:8340 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 0.01
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.02
2017-09-30 0.02
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.00
2016-09-30 -0.00
2016-06-30 0.00
2016-03-31 0.00
2015-12-31 0.00

*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 Vinco Financial Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Vinco Financial 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.
Vinco Financial Group has a total score of 0/6, 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 Vinco Financial 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 Vinco Financial Group's growth in the last year to its industry (Capital Markets).
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.
  • Vinco Financial Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Vinco Financial Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Vinco Financial Group's 1-year earnings growth is negative, it can't be compared to the HK Capital Markets industry average.
Earnings and Revenue History
Vinco Financial 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 Vinco Financial Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8340 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 26.49 5.48 3.20
2018-06-30 34.81 12.12 3.20
2018-03-31 35.69 11.60 3.20
2017-12-31 36.04 13.38 3.20
2017-09-30 30.23 10.19 3.20
2017-06-30 23.96 5.65 3.20
2017-03-31 21.78 5.64 3.20
2016-12-31 18.04 1.47 3.20
2016-09-30 14.67 -1.42 2.98
2016-06-30 16.14 0.33 2.98
2016-03-31 17.22 1.54 2.98
2015-12-31 17.57 2.53 2.98
2015-09-30 18.29 3.43 2.93
2015-06-30 13.71 -0.71 2.93
2015-03-31 9.04 -4.97 2.93
2014-12-31 10.10 -6.05 2.93
2014-09-30 11.97 -4.04 2.94
2014-06-30 13.92 -1.95 2.94
2014-03-31 17.81 0.94 2.94
2013-12-31 15.07 0.77 2.94
2013-09-30 15.09 0.94 3.04
2013-06-30 14.77 0.29 3.04
2013-03-31 14.71 0.07 3.04
2012-12-31 16.99 1.17 3.04
2012-09-30 15.83 0.30 1.81
2012-06-30 14.87 0.33 1.81
2012-03-31 13.54 0.58 1.81

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

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

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

Health

 How is Vinco Financial 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 Vinco Financial Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vinco Financial Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vinco Financial Group has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vinco Financial Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Vinco Financial Group has no debt, it does not need to be covered by short term assets.
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 Vinco Financial Group Company Filings, last reported 4 months ago.

SEHK:8340 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 37.63 0.00 39.01
2018-06-30 37.63 0.00 39.01
2018-03-31 36.27 0.00 36.86
2017-12-31 36.27 0.00 36.86
2017-09-30
2017-06-30 30.51 0.00 28.47
2017-03-31 24.89 0.00 24.49
2016-12-31 24.89 0.00 24.49
2016-09-30
2016-06-30 24.86 0.00 22.28
2016-03-31 23.42 0.00 21.68
2015-12-31 23.42 0.00 21.68
2015-09-30
2015-06-30 24.53 0.00 22.00
2015-03-31 20.88 0.00 20.98
2014-12-31 20.88 0.00 20.98
2014-09-30
2014-06-30 25.24 0.00 24.26
2014-03-31 26.94 0.00 24.49
2013-12-31 26.94 0.00 24.49
2013-09-30
2013-06-30 27.19 0.00 25.49
2013-03-31 26.16 0.00 25.11
2012-12-31 26.16 0.00 25.11
2012-09-30
2012-06-30 26.89 0.00 26.04
2012-03-31 24.99 0.15 24.68
  • Vinco Financial Group has no debt.
  • Vinco Financial Group had no debt 5 years ago.
  • Vinco Financial Group has no debt, it does not need to be covered by operating cash flow.
  • Vinco Financial Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Vinco Financial 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. Vinco Financial Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Vinco Financial 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 Vinco Financial Group dividends.
If you bought HK$2,000 of Vinco Financial 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 Vinco Financial Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Vinco Financial 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:8340 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 916 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

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

SEHK:8340 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:8340 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-11-07 0.000 0.000
2018-11-02 0.000 0.000
2018-05-03 0.009 5.065
2017-10-25 0.006 1.026
2017-10-20 0.006 0.573
2010-11-16 0.000 0.000
2010-11-11 0.000 0.000
2010-08-09 0.000 0.000
2010-08-04 0.000 0.000
2010-05-04 0.000 0.000
2010-04-29 0.000 0.000
2010-03-05 0.000 0.000
2009-03-19 0.001 0.434
2009-03-18 0.001 0.709

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

  • Unable to perform a dividend volatility check as Vinco Financial Group has not reported any payouts.
  • Unable to verify if Vinco Financial Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Vinco Financial Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vinco Financial Group has not reported any payouts.
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 Vinco Financial Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Vinco Financial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vinco Financial Group has a total score of 0/6, 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 Vinco Financial 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
Alister Chung
COMPENSATION HK$4,015,000
AGE 45
CEO Bio

Mr. Chung Ho Yan, also known as Alister, is the Founder of Vinco Financial Group Limited and serves as its Chief Executive Officer and Compliance Officer. Mr. Chung is responsible for formulating corporate strategy, business development as well as overseeing the operations of Vinco Financial Group's business on daily basis. He has extensive experience in the financial industry. He entered the financial industry in mid-1990s and has become a responsible officer as defined under SFO since 2003. He gained extensive experience in the corporate finance, brokerage, private equity and equity capital market related businesses while he served at CEF Capital Limited, CEF GC Brokerage Limited, China Everbright Capital Limited, Celestial Asia Capital Limited and Shun Loong Capital Limited before establishing the Group. He serves as Chairman of Vinco Financial Group Limited. Mr. Chung holds a bachelor's degree in Commerce from the Australia National University awarded in April 1995 and a master's degree in Business Administration from the University of South Australia in December 1997.

CEO Compensation
  • Alister's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Alister's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Alister Chung

TITLE
Founder
COMPENSATION
HK$4M
AGE
45

Yick Hing Lam

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
46

Leon Tang

TITLE
Company Secretary
AGE
46
Board of Directors Tenure

Average tenure and age of the Vinco Financial Group board of directors in years:

4.8
Average Tenure
54
Average Age
  • The tenure for the Vinco Financial Group board of directors is about average.
Board of Directors

Alister Chung

TITLE
Founder
COMPENSATION
HK$4M
AGE
45

Yick Hing Lam

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
46
TENURE
6.6 yrs

Wing Lun Lee

TITLE
Independent Non-Executive Director
COMPENSATION
HK$36K
AGE
59

Howard Tam

TITLE
Independent Non-Executive Director
COMPENSATION
HK$36K
AGE
54
TENURE
4.8 yrs

Chor Yam Law

TITLE
Independent Non-Executive Director
COMPENSATION
HK$36K
AGE
55
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Vinco Financial 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. Vinco Financial 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

Before You Buy Vinco Financial Group Limited (HKG:8340), Consider Its Volatility

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What Kind Of Shareholders Own Vinco Financial Group Limited (HKG:8340)?

Every investor in Vinco Financial Group Limited (HKG:8340) should be aware of the most powerful shareholder groups. … Vinco Financial Group is a smaller company with a market capitalization of HK$101m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Vinco Financial Group

Simply Wall St -

What Are The Drivers Of Vinco Financial Group Limited's (HKG:8340) Risks?

Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Who Are Vinco Financial Group Limited's (HKG:8340) Major Shareholders?

In this analysis, my focus will be on developing a perspective on Vinco Financial Group Limited’s (HKG:8340) latest ownership structure, a less discussed, but important factor. … Ownership structure of a company has been found to affect share performance over time. … See our latest analysis for Vinco Financial Group

Simply Wall St -

Why Fundamental Investors Love Vinco Financial Group Limited (HKG:8340)

Vinco Financial Group Limited (HKG:8340) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … is a company with great financial health as well as a.

Simply Wall St -

Does Vinco Financial Group Limited's (HKG:8340) PE Ratio Warrant A Sell?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for 8340 Price per share = HK$0.26 Earnings per share = HK$0.018 ∴ Price-Earnings Ratio = HK$0.26 ÷ HK$0.018 = 14.3x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … 8340’s P/E of 14.3x is higher than its industry peers (12.7x), which implies that each dollar of 8340’s earnings is being overvalued by investors. … For example, if you are inadvertently comparing riskier firms with 8340, then 8340’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

Company Info

Map
Description

Vinco Financial Group Limited, an investment holding company, provides various financial services in Hong Kong. The company offers its clients with initial public offerings (IPO) on the Main Board and GEM Board of The Stock Exchange of Hong Kong Limited; underwriting and distribution of IPO's shares; corporate finance advisory; mergers and acquisitions; corporate restructuring; arranging loan syndication; and convertible bonds issuance. It also facilitates corporate fund raising in equity capital market and debt market; provides professional advice on the structure of the fund raising; and assists private companies in pre-IPO private placement activities. In addition, the company assists clients on various transactions comprising fundraising activities of share placements, rights issues, and warrants issuance; share split/consolidation, privatization, and scheme of arrangement; capital restructuring; convertible bonds issuance; and formation of strategic partnership. Further, it acts as financial advisors and independent financial advisors for transactions related to takeovers codes, connected transactions, and notifiable transactions; and as a financial advisor for corporate mergers and acquisitions, and asset and business acquisition/disposal transactions for listed and non-listed companies. The company was incorporated in 2008 and is headquartered in Central, Hong Kong. Vinco Financial Group Limited is a subsidiary of Vinco Asia Limited.

Details
Name: Vinco Financial Group Limited
8340
Exchange: SEHK
Founded: 2008
HK$58,240,000
640,000,000
Website: http://www.vinco.com.hk
Address: Vinco Financial Group Limited
The Center,
Units 4909-10,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8340 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 20. May 2008
Number of employees
Current staff
Staff numbers
15
Vinco Financial Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 12:53
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2017/03/27
Last earnings filing: 2018/11/07
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.