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E Lighting Group Holdings

SEHK:8222
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8222
SEHK
HK$29M
Market Cap
  1. Home
  2. HK
  3. Retail
Company description

E Lighting Group Holdings Limited, an investment holding company, engages in the retail sale of lighting, designer label furniture, and household products in the People’s Republic of China, North America, Vietnam, and internationally. The last earnings update was 22 days ago. More info.


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  • E Lighting Group Holdings has significant price volatility in the past 3 months.
8222 Share Price and Events
7 Day Returns
-13.5%
SEHK:8222
0.7%
HK Specialty Retail
-0.2%
HK Market
1 Year Returns
-60%
SEHK:8222
-7.8%
HK Specialty Retail
-4.5%
HK Market
8222 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
E Lighting Group Holdings (8222) -13.5% -27.3% -45.8% -60% -75.8% -
HK Specialty Retail 0.7% 7.4% -8.6% -7.8% 18.6% -22.1%
HK Market -0.2% 2.7% -8.3% -4.5% 16.5% 1%
1 Year Return vs Industry and Market
  • 8222 underperformed the Specialty Retail industry which returned -7.8% over the past year.
  • 8222 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
8222
Industry
5yr Volatility vs Market

8222 Value

 Is E Lighting 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 E Lighting 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 E Lighting Group Holdings.

SEHK:8222 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 7.9%
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:8222
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.832 (1 + (1- 25%) (0%))
0.887
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.887 * 6.65%)
7.9%

Discounted Cash Flow Calculation for SEHK:8222 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for E Lighting 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:8222 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 7.9%)
2020 2.91 Est @ 44.26% 2.70
2021 3.83 Est @ 31.58% 3.29
2022 4.70 Est @ 22.71% 3.74
2023 5.47 Est @ 16.5% 4.04
2024 6.14 Est @ 12.15% 4.19
2025 6.69 Est @ 9.1% 4.24
2026 7.16 Est @ 6.97% 4.21
2027 7.55 Est @ 5.48% 4.11
2028 7.89 Est @ 4.44% 3.98
2029 8.18 Est @ 3.71% 3.82
Present value of next 10 years cash flows HK$38.31
SEHK:8222 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$8.18 × (1 + 2%) ÷ (7.9% – 2%)
HK$141.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$141.46 ÷ (1 + 7.9%)10
HK$66.11
SEHK:8222 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$38.31 + HK$66.11
HK$104.43
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$104.43 / 451.04
HK$0.23
SEHK:8222 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.23
Current discount Discount to share price of HK$0.06
= -1 x (HK$0.06 - HK$0.23) / HK$0.23
72.4%

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

Current Discount
Amount off the current price E Lighting Group Holdings is available for.
Intrinsic value
>50%
Share price is HK$0.064 vs Future cash flow value of HK$0.23153
Current Discount Checks
For E Lighting Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • E Lighting Group Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • E Lighting 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 E Lighting Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are E Lighting Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8222 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$-0.05
SEHK:8222 Share Price ** SEHK (2019-07-19) in HKD HK$0.06
Hong Kong Specialty Retail Industry PE Ratio Median Figure of 35 Publicly-Listed Specialty Retail Companies 11.4x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.72x

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

** Primary Listing of E Lighting Group Holdings.

SEHK:8222 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8222 Share Price ÷ EPS (both in HKD)

= 0.06 ÷ -0.05

-1.19x

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

  • E Lighting Group Holdings is loss making, we can't compare its value to the HK Specialty Retail industry average.
  • E Lighting Group Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does E Lighting Group Holdings's expected growth come at a high price?
Raw Data
SEHK:8222 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Specialty Retail Industry PEG Ratio Median Figure of 12 Publicly-Listed Specialty Retail Companies 0.82x
Hong Kong Market PEG Ratio Median Figure of 479 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 E Lighting Group Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on E Lighting Group Holdings's assets?
Raw Data
SEHK:8222 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$0.05
SEHK:8222 Share Price * SEHK (2019-07-19) in HKD HK$0.06
Hong Kong Specialty Retail Industry PB Ratio Median Figure of 58 Publicly-Listed Specialty Retail Companies 0.9x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:8222 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8222 Share Price ÷ Book Value per Share (both in HKD)

= 0.06 ÷ 0.05

1.35x

* Primary Listing of E Lighting Group Holdings.

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

  • E Lighting Group Holdings is overvalued based on assets compared to the HK Specialty Retail industry average.
X
Value checks
We assess E Lighting 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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. E Lighting Group Holdings 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.

8222 Future Performance

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

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 E Lighting Group 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
16.9%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is E Lighting Group Holdings expected to grow at an attractive rate?
  • Unable to compare E Lighting Group Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare E Lighting Group Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare E Lighting Group Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8222 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 16.9%
Hong Kong Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 8.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*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:8222 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:8222 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:8222 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 79 3 -24
2018-12-31 79 -39
2018-09-30 82 0 -42
2018-06-30 83 -25
2018-03-31 82 -7 -27
2017-12-31 82 -12
2017-09-30 81 -5 -10
2017-06-30 81 -12
2017-03-31 83 -3 -12
2016-12-31 85 -15
2016-09-30 90 -5 -9
2016-06-30 102 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if E Lighting Group Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if E Lighting 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:8222 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from E Lighting Group Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8222 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:8222 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 -0.05
2018-12-31 -0.09
2018-09-30 -0.09
2018-06-30 -0.06
2018-03-31 -0.06
2017-12-31 -0.03
2017-09-30 -0.02
2017-06-30 -0.03
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -0.02
2016-06-30 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 E Lighting Group Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine E Lighting Group Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. E Lighting Group Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Retail companies here
  3. E Lighting Group Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess E Lighting 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.
E Lighting Group Holdings 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.

8222 Past Performance

  How has E Lighting 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 E Lighting Group Holdings's growth in the last year to its industry (Specialty Retail).
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.
  • E Lighting Group Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare E Lighting Group Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare E Lighting Group Holdings's 1-year growth to the HK Specialty Retail industry average as it is not currently profitable.
Earnings and Revenue History
E Lighting 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 E Lighting Group Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8222 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 78.77 -24.25 45.51
2018-12-31 78.59 -39.29 45.80
2018-09-30 82.14 -41.59 47.45
2018-06-30 83.37 -25.41 48.97
2018-03-31 81.73 -27.41 50.61
2017-12-31 82.33 -11.64 51.83
2017-09-30 81.48 -9.71 52.22
2017-06-30 81.07 -11.96 53.17
2017-03-31 83.24 -12.44 55.39
2016-12-31 85.17 -14.57 61.18
2016-09-30 89.90 -8.80 63.44
2016-06-30 101.83 1.64 64.39
2016-03-31 106.49 5.66 62.91
2015-12-31 108.79 8.92 59.83
2015-09-30 100.48 0.42 58.17
2015-06-30 87.57 -11.87 52.90
2015-03-31 80.42 -12.70 49.35
2014-12-31 79.31 -7.04 43.99
2014-09-30 80.37 -1.85 39.24
2014-06-30 78.11 5.34 38.09
2014-03-31 79.16 5.86 36.90
2013-03-31 68.78 9.06 29.29

*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.
  • It is difficult to establish if E Lighting Group Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if E Lighting Group Holdings has efficiently used its assets last year compared to the HK Specialty Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if E Lighting Group Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess E Lighting 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 Specialty Retail 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.
E Lighting Group Holdings has a total score of 0/6, 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.

8222 Health

 How is E Lighting 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 E Lighting Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • E Lighting Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • E Lighting Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of E Lighting 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.
  • E Lighting Group Holdings 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 E Lighting Group Holdings Company Filings, last reported 3 months ago.

SEHK:8222 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 21.43 0.00 10.02
2018-12-31 27.96 0.00 11.14
2018-09-30 27.96 0.00 11.14
2018-06-30 45.78 0.00 7.51
2018-03-31 45.78 0.00 7.51
2017-12-31
2017-09-30 69.55 0.00 12.69
2017-06-30 73.20 0.00 17.87
2017-03-31 73.20 0.00 17.87
2016-12-31
2016-09-30 72.63 0.00 17.97
2016-06-30 78.76 0.25 20.58
2016-03-31 78.76 0.25 20.58
2015-12-31
2015-09-30 74.22 0.00 24.13
2015-06-30 52.74 1.24 25.54
2015-03-31 52.74 1.24 25.54
2014-12-31
2014-09-30 60.40 0.00 50.37
2014-06-30 21.10 3.12 5.62
2014-03-31 21.10 3.12 5.62
2013-03-31 15.24 3.01 5.09
  • E Lighting Group Holdings has no debt.
  • E Lighting Group Holdings has no debt compared to 5 years ago when it was 14.8%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making E Lighting Group Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making E Lighting Group Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -44.7% per year.
X
Financial health checks
We assess E Lighting 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. E Lighting Group Holdings 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.

8222 Dividends

 What is E Lighting 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
0%
Current annual income from E Lighting Group Holdings dividends.
If you bought HK$2,000 of E Lighting Group Holdings 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 E Lighting Group Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate E Lighting Group Holdings'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:8222 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 Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 5.4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 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 5.7%

Industry and Market average data is calculated daily.

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

SEHK:8222 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as E Lighting Group Holdings has not reported any payouts.
  • Unable to verify if E Lighting Group Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of E Lighting Group Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as E Lighting Group Holdings 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 E Lighting 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 E Lighting Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. E Lighting Group Holdings 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.

8222 Management

 What is the CEO of E Lighting 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
Raymond Hui
COMPENSATION HK$2,283,000
AGE 56
CEO Bio

Mr. Kwok Keung Hui, also known as Raymond, is Founder of E Lighting Group Holdings Limited. Mr. Hui serves as Chief Executive Officer of E Lighting Group Holdings Limited and has been its Executive Director since February 26, 2014. Mr. Hui has over 19 years of experience in lighting and furniture retails business in Hong Kong. Mr. Hui obtained a Bachelor of arts degree from the University of Hong Kong in 1985 and a Master of design degree from the Hong Kong Polytechnic University in 2010.

CEO Compensation
  • Raymond's compensation has increased whilst company is loss making.
  • Raymond's remuneration is about average for companies of similar size in Hong Kong.
Management Team

Boris Hue

TITLE
Chairman
COMPENSATION
HK$672K
AGE
53

Raymond Hui

TITLE
Founder
COMPENSATION
HK$2M
AGE
56

Kwok Wing Hui

TITLE
Chief Creative Officer & Executive Director
COMPENSATION
HK$522K
AGE
57
TENURE
4.1 yrs

Chi Yan Lam

TITLE
Deputy Financial Controller & Company Secretary
AGE
36

Peng Lin Wong

TITLE
Operation Manager
AGE
46

Stephen Chou

TITLE
Senior Business Manager
COMPENSATION
HK$461K
AGE
56
Board of Directors Tenure

Average tenure and age of the E Lighting Group Holdings board of directors in years:

4.8
Average Tenure
54.5
Average Age
  • The tenure for the E Lighting Group Holdings board of directors is about average.
Board of Directors

Boris Hue

TITLE
Chairman
COMPENSATION
HK$672K
AGE
53

Raymond Hui

TITLE
Founder
COMPENSATION
HK$2M
AGE
56
TENURE
5.4 yrs

Kwok Wing Hui

TITLE
Chief Creative Officer & Executive Director
COMPENSATION
HK$522K
AGE
57
TENURE
4.1 yrs

Edwin Chung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$180K
AGE
55
TENURE
4.8 yrs

Matthew Leung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$180K
AGE
53
TENURE
4.8 yrs

Ann Yeung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$180K
AGE
54
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess E Lighting 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. E Lighting 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.

8222 News

Simply Wall St News

Introducing E Lighting Group Holdings (HKG:8222), The Stock That Tanked 75%

So take a moment to sympathize with the long term shareholders of E Lighting Group Holdings Limited (HKG:8222), who have seen the share price tank a massive 75% over a three year period. … See our latest analysis for E Lighting Group Holdings E Lighting Group Holdings isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … In the last three years E Lighting Group Holdings saw its revenue shrink by 8.2% per year.

Simply Wall St -

Could The E Lighting Group Holdings Limited (HKG:8222) Ownership Structure Tell Us Something Useful?

The big shareholder groups in E Lighting Group Holdings Limited (HKG:8222) have power over the company. … Insider Ownership Of E Lighting Group Holdings The definition of company insiders can be subjective, and does vary between jurisdictions. … However, high insider ownership can also give immense power to a small group within the company.

Simply Wall St -

If You Had Bought E Lighting Group Holdings (HKG:8222) Stock Three Years Ago, You'd Be Sitting On A 66% Loss, Today

E Lighting Group Holdings Limited (HKG:8222) shareholders should be happy to see the share price up 12% in the last quarter. … Given that E Lighting Group Holdings didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … In the last three years E Lighting Group Holdings saw its revenue shrink by 10% per year.

Simply Wall St -

Is E Lighting Group Holdings Limited's (HKG:8222) CEO Being Overpaid?

The CEO of E Lighting Group Holdings Limited (HKG:8222) is Raymond Hui. … According to our data, E Lighting Group Holdings Limited has a market capitalization of HK$53m, and pays its CEO total annual compensation worth HK$1.5m. … We looked at a group of companies with market capitalizations under HK$1.6b, and the median CEO compensation was HK$1.5m.

Simply Wall St -

What Kind Of Investor Owns Most Of E Lighting Group Holdings Limited (HKG:8222)?

If you want to know who really controls E Lighting Group Holdings Limited (HKG:8222), then you'll have to look at the makeup of its share registry. … E Lighting Group Holdings is not a large company by global standards. … See our latest analysis for E Lighting Group Holdings

Simply Wall St -

What Kind Of Shareholders Own E Lighting Group Holdings Limited (HKG:8222)?

In this article, I will take a quick look at E Lighting Group Holdings Limited’s (HKG:8222) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

What You Must Know About E Lighting Group Holdings Limited's (HKG:8222) Market Risks

The first type is company-specific risk, which can be diversified away by investing in other companies to reduce exposure to one particular stock. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … Not all stocks are expose to the same level of market risk.

Simply Wall St -

Should You Worry About E Lighting Group Holdings Limited's (HKG:8222) CEO Pay?

Performance can be measured based on factors such as earnings and total shareholder return (TSR). … In the past year, 8222 released negative earnings of -HK$11.64M. … Typically I'd use market cap and profit as factors determining performance, however, 8222's negative earnings reduces the usefulness of my formula.

Simply Wall St -

Should You Be Content With E Lighting Group Holdings Limited's (HKG:8222) Earnings Growth?

The two benchmarks I used were E Lighting Group Holdings's average earnings over the past couple of years, and its industry performance. … Each year, for the past five years E Lighting Group Holdings's top-line has risen by a mere 2.95%, on average. … This means while E Lighting Group Holdings is presently loss-making, it may have only just benefited from the recent industry expansion, moving earnings towards to right direction.What does this mean?

Simply Wall St -

E Lighting Group Holdings Limited (HKG:8222): Financial Strength Analysis

Zero-debt allows substantial financial flexibility, especially for small-cap companies like E Lighting Group Holdings Limited (SEHK:8222), as the company does not have to adhere to strict debt covenants. … Check out our latest analysis for E Lighting Group Holdings Is financial flexibility worth the lower cost of capital? … 8222’s absence of debt on its balance sheet may be due to lack of access to cheaper capital, or it may simply believe low cost is not worth sacrificing financial flexibility.

Simply Wall St -

8222 Company Info

Description

E Lighting Group Holdings Limited, an investment holding company, engages in the retail sale of lighting, designer label furniture, and household products in the People’s Republic of China, North America, Vietnam, and internationally. The company operates through two segments, Lighting and Furniture Business; and Tableware, Giftware and Other Business. It offers generic and commonplace products, such as ceiling lights and decoration lamps; and lighting appliance products, luminaries, and accessories. The company is also involved in the wholesale and retail sale of tableware and giftware. In addition, it provides management services; and sources lighting products and household furniture. The company was founded in 2003 and is headquartered in Wanchai, Hong Kong. E Lighting Group Holdings Limited is a subsidiary of Time Prestige Venture Limited.

Details
Name: E Lighting Group Holdings Limited
8222
Exchange: SEHK
Founded: 2003
HK$29,317,321
451,035,713
Website: http://www.elighting.asia
Address: E Lighting Group Holdings Limited
Tiffan Tower,
10th Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8222 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 29. Sep 2014
Number of employees
Current staff
Staff numbers
44
E Lighting Group Holdings employees.
Industry
Home Improvement Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:57
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2018/06/20
Last earnings filing: 2019/06/27
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.