SEHK:1950

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Sunlight Technology Holdings

Market Cap

HK$279.6m

Last Updated

2021/08/02 15:53 UTC

Data Sources

Company Financials

Executive Summary

Sunlight Technology Holdings Limited, together with its subsidiaries, engages in the research and development, manufacture, and sale of coating agents and synthetic resins in the People’s Republic of China. More Details


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 1950 is more volatile than 90% of Hong Kong stocks over the past 3 months, typically moving +/- 19% a week.

Volatility Over Time: 1950's weekly volatility (19%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.


Market Performance


7 Day Return

-12.1%

1950

0.8%

HK Chemicals

-4.7%

HK Market


1 Year Return

-82.5%

1950

70.9%

HK Chemicals

7.4%

HK Market

Return vs Industry: 1950 underperformed the Hong Kong Chemicals industry which returned 70.9% over the past year.

Return vs Market: 1950 underperformed the Hong Kong Market which returned 7.4% over the past year.


Shareholder returns

1950IndustryMarket
7 Day-12.1%0.8%-4.7%
30 Day-29.4%10.1%-8.7%
90 Day-51.5%30.2%-10.0%
1 Year-82.5%-82.5%77.7%70.9%11.1%7.4%
3 Yearn/a17.5%-2.5%9.3%-2.9%
5 Yearn/a40.1%5.9%37.6%13.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Sunlight Technology Holdings undervalued compared to its fair value and its price relative to the market?

0.82x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 1950 (HK$0.23) is trading above our estimate of fair value (HK$0)

Significantly Below Fair Value: 1950 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1950 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Chemicals industry average.

PE vs Market: 1950 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 1950's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1950's PB Ratio (0.8x) is in line with the HK Chemicals industry average.


Future Growth

How is Sunlight Technology Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.6%

Forecasted Materials 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 Sunlight Technology 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.


Past Performance

How has Sunlight Technology Holdings performed over the past 5 years?

-39.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1950 is currently unprofitable.

Growing Profit Margin: 1950 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1950 is unprofitable, and losses have increased over the past 5 years at a rate of 39% per year.

Accelerating Growth: Unable to compare 1950's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1950 is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (1%).


Return on Equity

High ROE: 1950 has a negative Return on Equity (-1.33%), as it is currently unprofitable.


Financial Health

How is Sunlight Technology Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1950's short term assets (CN¥170.7M) exceed its short term liabilities (CN¥26.0M).

Long Term Liabilities: 1950's short term assets (CN¥170.7M) exceed its long term liabilities (CN¥684.0K).


Debt to Equity History and Analysis

Debt Level: 1950 is debt free.

Reducing Debt: 1950 had no debt 5 years ago.

Debt Coverage: 1950 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1950 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Sunlight Technology Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1950's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1950'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 1950's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1950's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1950'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?

2.2yrs

Average management tenure


CEO

Sunlight Technology Holdings has no CEO, or we have no data on them.


Leadership Team

Experienced Management: 1950's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: 1950's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20%.


Top Shareholders

Company Information

Sunlight Technology Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sunlight Technology Holdings Limited
  • Ticker: 1950
  • Exchange: SEHK
  • Founded: 2003
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: HK$279.600m
  • Shares outstanding: 1.20b
  • Website: https://www.slkj.cn

Number of Employees


Location

  • Sunlight Technology Holdings Limited
  • No.2, Jiangshan Road
  • Meicheng Town
  • Hangzhou
  • Zhejiang Province
  • China

Listings


Biography

Sunlight Technology Holdings Limited, together with its subsidiaries, engages in the research and development, manufacture, and sale of coating agents and synthetic resins in the People’s Republic of China...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/02 15:53
End of Day Share Price2021/08/02 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.