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
|Historical stock prices|
|Current Share Price||HK$7.15|
|52 Week High||HK$0.52|
|52 Week Low||HK$8.99|
|1 Month Change||-10.85%|
|3 Month Change||-12.05%|
|1 Year Change||1,091.67%|
|3 Year Change||771.95%|
|5 Year Change||n/a|
|Change since IPO||721.84%|
Recent News & Updates
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...
|6908||HK Semiconductor||HK Market|
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.
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
|2010||143||Yi Wen Zhao||https://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
|6908 fundamental statistics|
Is 6908 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|6908 income statement (TTM)|
|Cost of Revenue||CN¥95.62m|
Last Reported Earnings
Dec 31, 2020
Next Earnings Date
|Earnings per share (EPS)||0.0083|
|Net Profit Margin||3.74%|
How did 6908 perform over the long term?See historical performance and comparison
Is HongGuang Lighting Holdings undervalued compared to its fair value and its price relative to the market?
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).
How is HongGuang Lighting Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has HongGuang Lighting Holdings performed over the past 5 years?
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.
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).
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Yi Wen Zhao (51 yo)
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.
Experienced Management: 6908's management team is seasoned and experienced (7.9 years average tenure).
Experienced Board: 6908's board of directors are considered experienced (5.3 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 37.3%.
HongGuang Lighting Holdings Company Limited's employee growth, exchange listings and data sources
- 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
- HongGuang Lighting Holdings Company Limited
- The North Side
- 2nd Floor
- Guangdong Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 15:47|
|End of Day Share Price||2021/09/27 00:00|
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.