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6908

HongGuang Lighting HoldingsSEHK:6908 Stock Report

Market Cap

HK$3.9b

7D

-1.0%

1Y

1,091.7%

Updated

27 Sep, 2021

Data

Company Financials
6908 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends0/6

6908 Overview

HongGuang Lighting Holdings Company Limited, an investment holding company, designs, develops, manufactures, and sells light-emitting diode (LED) beads and LED lighting products in the People’s Republic of China.

Price History & Performance

Summary of all time highs, changes and price drops for HongGuang Lighting Holdings
Historical stock prices
Current Share PriceHK$7.15
52 Week HighHK$0.52
52 Week LowHK$8.99
Beta0.75
1 Month Change-10.85%
3 Month Change-12.05%
1 Year Change1,091.67%
3 Year Change771.95%
5 Year Changen/a
Change since IPO721.84%

Recent News & Updates

May 03
Here's Why HongGuang Lighting Holdings (HKG:6908) Can Manage Its Debt Responsibly

Here's Why HongGuang Lighting Holdings (HKG:6908) Can Manage Its Debt Responsibly

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

Shareholder Returns

6908HK SemiconductorHK Market
7D-1.0%-1.5%-2.4%
1Y1,091.7%50.3%9.1%

Return vs Industry: 6908 exceeded the Hong Kong Semiconductor industry which returned 50.3% over the past year.

Return vs Market: 6908 exceeded the Hong Kong Market which returned 9.1% over the past year.

Price Volatility

Is 6908's price volatile compared to industry and market?
6908 volatility
6908 Beta0.75
Industry Beta0.77
Market Beta1

Stable Share Price: 6908 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 6908's weekly volatility has decreased from 20% to 6% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010143Yi Wen Zhaohttps://www.lighting-hg.com

HongGuang Lighting Holdings Company Limited, an investment holding company, designs, develops, manufactures, and sells light-emitting diode (LED) beads and LED lighting products in the People’s Republic of China. It offers candle, flood, bulb, spot, down, oyster, and panel lights, as well as tube and torch. The company also provides subcontracting services.

HongGuang Lighting Holdings Fundamentals Summary

How do HongGuang Lighting Holdings's earnings and revenue compare to its market cap?
6908 fundamental statistics
Market CapCN¥3.26b
Earnings (TTM)CN¥4.56m
Revenue (TTM)CN¥122.00m

715.5x

P/E Ratio

26.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
6908 income statement (TTM)
RevenueCN¥122.00m
Cost of RevenueCN¥95.62m
Gross ProfitCN¥26.37m
ExpensesCN¥21.81m
EarningsCN¥4.56m

Last Reported Earnings

Dec 31, 2020

Next Earnings Date

n/a

Earnings per share (EPS)0.0083
Gross Margin21.62%
Net Profit Margin3.74%
Debt/Equity Ratio7.6%

How did 6908 perform over the long term?

See historical performance and comparison

Valuation

Is HongGuang Lighting Holdings undervalued compared to its fair value and its price relative to the market?

715.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 6908's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 6908's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 6908 is poor value based on its PE Ratio (715.5x) compared to the Hong Kong Semiconductor industry average (24.2x).

PE vs Market: 6908 is poor value based on its PE Ratio (715.5x) compared to the Hong Kong market (9.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 6908's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6908 is overvalued based on its PB Ratio (18.9x) compared to the HK Semiconductor industry average (2.2x).


Future Growth

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

10.3%

Forecasted Semiconductors 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 HongGuang Lighting 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 HongGuang Lighting Holdings performed over the past 5 years?

10.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6908 has a high level of non-cash earnings.

Growing Profit Margin: 6908's current net profit margins (3.7%) are lower than last year (7.1%).


Past Earnings Growth Analysis

Earnings Trend: 6908's earnings have grown by 10.1% per year over the past 5 years.

Accelerating Growth: 6908's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6908 had negative earnings growth (-73.6%) over the past year, making it difficult to compare to the Semiconductor industry average (52%).


Return on Equity

High ROE: 6908's Return on Equity (2.7%) is considered low.


Financial Health

How is HongGuang Lighting Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 6908's short term assets (CN¥183.6M) exceed its short term liabilities (CN¥47.3M).

Long Term Liabilities: 6908's short term assets (CN¥183.6M) exceed its long term liabilities (CN¥1.1M).


Debt to Equity History and Analysis

Debt Level: 6908's debt to equity ratio (7.6%) is considered satisfactory.

Reducing Debt: 6908's debt to equity ratio has reduced from 15% to 7.6% over the past 5 years.

Debt Coverage: 6908's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 6908's interest payments on its debt are well covered by EBIT (9.9x coverage).


Balance Sheet


Dividend

What is HongGuang Lighting Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 6908's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 6908'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 6908's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6908'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 6908'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?

7.9yrs

Average management tenure


CEO

Yi Wen Zhao (51 yo)

no data

Tenure

CN¥422,000

Compensation

Mr. Yi Wen Zhao is a Founder and serves as Chairman and Chief Executive Officer at HongGuang Lighting Holdings Company Limited. Mr. Zhao is responsible for formulating overall corporate strategies and hand...


CEO Compensation Analysis

Compensation vs Market: Yi Wen's total compensation ($USD65.27K) is below average for companies of similar size in the Hong Kong market ($USD339.37K).

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


Leadership Team

Experienced Management: 6908's management team is seasoned and experienced (7.9 years average tenure).


Board Members

Experienced Board: 6908's board of directors are considered experienced (5.3 years average tenure).


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 37.3%.


Top Shareholders

Company Information

HongGuang Lighting Holdings Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: HongGuang Lighting Holdings Company Limited
  • Ticker: 6908
  • Exchange: SEHK
  • Founded: 2010
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: HK$3.927b
  • Shares outstanding: 549.25m
  • Website: https://www.lighting-hg.com

Number of Employees


Location

  • HongGuang Lighting Holdings Company Limited
  • The North Side
  • 2nd Floor
  • Zhuhai
  • Guangdong Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 15:47
End of Day Share Price2021/09/27 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.