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Hengxin Technology

SEHK:1085
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1085
SEHK
HK$815M
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

Hengxin Technology Ltd., an investment holding company, designs, develops, and manufactures telecommunications and technological products, radio frequency (RF) coaxial cables, and mobile communications systems exchange equipment. The last earnings update was 59 days ago. More info.


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1085 Share Price and Events
7 Day Returns
-3.7%
SEHK:1085
-6.6%
HK Communications
-2.5%
HK Market
1 Year Returns
-4.5%
SEHK:1085
-29.8%
HK Communications
-15.9%
HK Market
1085 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hengxin Technology (1085) -3.7% -3.7% -0.9% -4.5% 20.7% 84.2%
HK Communications -6.6% -14.4% -12.8% -29.8% 18.8% -3%
HK Market -2.5% -8.6% -2.1% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 1085 outperformed the Communications industry which returned -29.8% over the past year.
  • 1085 outperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
1085
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Hengxin Technology's competitors could be found in our database.

Value

 Is Hengxin Technology 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 Hengxin Technology 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 Hengxin Technology.

SEHK:1085 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 9.7%
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:1085
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 25%) (43.87%))
1.283
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.283 * 5.96%)
9.65%

Discounted Cash Flow Calculation for SEHK:1085 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hengxin Technology 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:1085 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.65%)
2019 178.39 Est @ 17.55% 162.68
2020 201.37 Est @ 12.89% 167.48
2021 220.75 Est @ 9.62% 167.44
2022 236.94 Est @ 7.34% 163.90
2023 250.53 Est @ 5.74% 158.05
2024 262.10 Est @ 4.62% 150.79
2025 272.14 Est @ 3.83% 142.79
2026 281.08 Est @ 3.28% 134.50
2027 289.23 Est @ 2.9% 126.22
2028 296.84 Est @ 2.63% 118.13
Present value of next 10 years cash flows CN¥1,492.00
SEHK:1085 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥296.84 × (1 + 2%) ÷ (9.65% – 2%)
CN¥3,958.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥3,958.78 ÷ (1 + 9.65%)10
CN¥1,575.51
SEHK:1085 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥1,492.00 + CN¥1,575.51
CN¥3,067.50
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥3,067.50 / 388.00
CN¥7.91
SEHK:1085 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1085)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥7.91 x 1.135
HK$8.97
Value per share (HKD) From above. HK$8.97
Current discount Discount to share price of HK$2.10
= -1 x (HK$2.10 - HK$8.97) / HK$8.97
76.6%

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

Current Discount
Amount off the current price Hengxin Technology is available for.
Intrinsic value
>50%
Share price is HK$2.1 vs Future cash flow value of HK$8.97
Current Discount Checks
For Hengxin Technology to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hengxin Technology's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hengxin Technology'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 Hengxin Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hengxin Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1085 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.30
SEHK:1085 Share Price ** SEHK (2019-05-17) in HKD HK$2.1
SEHK:1085 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.85
Hong Kong Communications Industry PE Ratio Median Figure of 14 Publicly-Listed Communications Companies 11.47x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

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

** Primary Listing of Hengxin Technology.

SEHK:1085 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1085 Share Price ÷ EPS (both in CNY)

= 1.85 ÷ 0.30

6.07x

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

  • Hengxin Technology is good value based on earnings compared to the HK Communications industry average.
  • Hengxin Technology is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Hengxin Technology's expected growth come at a high price?
Raw Data
SEHK:1085 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
17.3%per year
Asia Communications Industry PEG Ratio Median Figure of 9 Publicly-Listed Communications Companies 0.83x
Hong Kong Market PEG Ratio Median Figure of 463 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 Hengxin Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hengxin Technology's assets?
Raw Data
SEHK:1085 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥4.09
SEHK:1085 Share Price * SEHK (2019-05-17) in HKD HK$2.1
SEHK:1085 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.85
Hong Kong Communications Industry PB Ratio Median Figure of 25 Publicly-Listed Communications Companies 1.11x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:1085 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1085 Share Price ÷ Book Value per Share (both in CNY)

= 1.85 ÷ 4.09

0.45x

* Primary Listing of Hengxin Technology.

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

  • Hengxin Technology is good value based on assets compared to the HK Communications industry average.
X
Value checks
We assess Hengxin Technology'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 Communications 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 Communications industry average (and greater than 0)? (1 check)
  5. Hengxin Technology has a total score of 5/6, 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 Hengxin Technology expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Hengxin Technology, 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
17.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hengxin Technology expected to grow at an attractive rate?
  • Hengxin Technology's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Hengxin Technology's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Hengxin Technology's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1085 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1085 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 17.3%
Hong Kong Communications Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Hong Kong Communications 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 10.7%

*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:1085 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 CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1085 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,587 168 118
2018-09-30 1,591 106 117
2018-06-30 1,595 55 117
2018-03-31 1,614 25 115
2017-12-31 1,633 -16 114
2017-09-30 1,645 -29 116
2017-06-30 1,657 -43 118
2017-03-31 1,595 39 109
2016-12-31 1,532 120 100
2016-09-30 1,520 187 108
2016-06-30 1,509 254 116
2016-03-31 1,537 250 116

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hengxin Technology's earnings are expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Hengxin Technology 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:1085 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 Hengxin Technology Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1085 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.30
2018-09-30 0.30
2018-06-30 0.30
2018-03-31 0.30
2017-12-31 0.29
2017-09-30 0.30
2017-06-30 0.30
2017-03-31 0.28
2016-12-31 0.26
2016-09-30 0.28
2016-06-30 0.30
2016-03-31 0.30

*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 Hengxin Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hengxin Technology'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.
Hengxin Technology has a total score of 2/6, 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 Hengxin Technology 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 Hengxin Technology's growth in the last year to its industry (Communications).
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.
  • Hengxin Technology's year on year earnings growth rate has been positive over the past 5 years.
  • Hengxin Technology's 1-year earnings growth is less than its 5-year average (3.7% vs 6.1%)
  • Hengxin Technology's earnings growth has not exceeded the HK Communications industry average in the past year (3.7% vs 8.5%).
Earnings and Revenue History
Hengxin Technology'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 Hengxin Technology Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1085 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,586.95 118.28 178.50
2018-09-30 1,590.73 117.43 167.52
2018-06-30 1,594.52 116.59 156.55
2018-03-31 1,613.92 115.33 157.90
2017-12-31 1,633.33 114.06 159.24
2017-09-30 1,645.15 115.98 167.23
2017-06-30 1,656.97 117.91 175.21
2017-03-31 1,594.56 108.88 168.33
2016-12-31 1,532.16 99.84 161.44
2016-09-30 1,520.49 108.13 147.97
2016-06-30 1,508.83 116.43 134.49
2016-03-31 1,537.41 115.80 133.29
2015-12-31 1,565.98 115.18 132.09
2015-09-30 1,551.66 107.18 129.51
2015-06-30 1,537.33 99.19 126.93
2015-03-31 1,559.22 101.93 123.05
2014-12-31 1,475.41 97.09 112.50
2014-09-30 1,486.13 89.74 119.62
2014-06-30 1,458.28 92.94 117.55
2014-03-31 1,345.04 86.82 109.96
2013-12-31 1,238.21 78.81 107.81
2013-09-30 1,094.73 65.41 102.88
2013-06-30 1,001.71 53.95 97.44
2013-03-31 1,076.69 60.47 100.20
2012-12-31 1,134.34 67.28 101.44
2012-09-30 1,205.57 84.14 94.39
2012-06-30 1,379.71 99.60 97.13

*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.
  • Hengxin Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hengxin Technology used its assets less efficiently than the HK Communications industry average last year based on Return on Assets.
  • Hengxin Technology's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hengxin Technology'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 Communications 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.
Hengxin Technology has a total score of 1/6, 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 Hengxin Technology'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 Hengxin Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hengxin Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hengxin Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hengxin Technology'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.
  • Debt is covered by short term assets, assets are 6.2x debt.
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 Hengxin Technology Company Filings, last reported 4 months ago.

SEHK:1085 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,587.51 315.00 978.60
2018-09-30 1,587.51 315.00 978.60
2018-06-30 1,539.98 0.00 369.45
2018-03-31 1,539.98 0.00 369.45
2017-12-31 1,480.95 0.00 521.87
2017-09-30 1,480.95 0.00 521.87
2017-06-30 1,454.87 0.00 339.04
2017-03-31 1,454.87 0.00 339.04
2016-12-31 1,395.96 27.00 589.23
2016-09-30 1,395.96 27.00 589.23
2016-06-30 1,327.18 27.00 444.95
2016-03-31 1,327.18 27.00 444.95
2015-12-31 1,288.18 117.40 625.08
2015-09-30 1,288.18 117.40 625.08
2015-06-30 1,222.67 276.77 491.45
2015-03-31 1,222.67 276.77 491.45
2014-12-31 1,173.48 204.85 469.10
2014-09-30 1,173.48 204.85 469.10
2014-06-30 1,123.67 40.13 82.65
2014-03-31 1,104.52 177.75 213.22
2013-12-31 1,084.03 176.81 372.18
2013-09-30 1,066.47 181.61 267.99
2013-06-30 1,038.41 30.00 145.17
2013-03-31 1,017.52 30.00 179.41
2012-12-31 1,005.45 42.00 265.85
2012-09-30 1,001.47 222.19 352.40
2012-06-30 984.95 220.00 206.74
  • Hengxin Technology's level of debt (19.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (16.3% vs 19.8% today).
  • Debt is well covered by operating cash flow (53.2%, greater than 20% of total debt).
  • Hengxin Technology earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Hengxin Technology'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. Hengxin Technology has a total score of 5/6, 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 Hengxin Technology'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
2.47%
Current annual income from Hengxin Technology dividends.
If you bought HK$2,000 of Hengxin Technology shares you are expected to receive HK$49 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?
  • Hengxin Technology's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • Hengxin Technology's dividend is below the markets top 25% of dividend payers in Hong Kong (5.72%).
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:1085 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 Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 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:1085 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-08 0.046 2.296
2018-03-09 0.029 1.733
2017-04-28 0.026 1.455
2016-03-23 0.030 1.930
2015-08-19 0.000 0.000
2015-03-20 0.000 0.000
2015-02-10 0.000 0.000
2014-03-18 0.020 1.906
2014-02-18 0.020 1.585
2012-11-02 0.000 0.000
2012-08-13 0.000 0.000
2012-05-09 0.000 0.000
2012-02-22 0.000 0.000
2011-05-20 0.039 2.689
2011-03-17 0.040 2.282
2011-02-18 0.040 2.216
2010-12-23 0.044 2.468

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

  • Whilst dividend payments have been stable, Hengxin Technology has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Hengxin Technology only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Hengxin Technology's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.7x coverage).
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 Hengxin Technology'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 Hengxin Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hengxin Technology has a total score of 2/6, 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 Hengxin Technology'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.
  • Hengxin Technology has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Hengxin Technology management team in years:

0.6
Average Tenure
47
Average Age
  • The average tenure for the Hengxin Technology management team is less than 2 years, this suggests a new team.
Management Team

Guoqiang Xu

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
46

Xiping Du

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
56

Lawrence Lau

TITLE
Financial Controller
AGE
47
TENURE
1.9 yrs

Renee Wong

TITLE
Joint Company Secretary
AGE
27
TENURE
0.6 yrs

Eugene Lai

TITLE
Joint Company Secretary
AGE
48
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Hengxin Technology board of directors in years:

4.2
Average Tenure
54
Average Age
  • The tenure for the Hengxin Technology board of directors is about average.
Board of Directors

Wei Cui

TITLE
Non-Executive Chairman
COMPENSATION
CN¥405K
AGE
31
TENURE
3.4 yrs

Guoqiang Xu

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
46
TENURE
7.4 yrs

Xiping Du

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
56
TENURE
3.4 yrs

Michael Tam

TITLE
Lead Independent Director
COMPENSATION
CN¥338K
AGE
54

Jun Li

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥253K
AGE
62
TENURE
4.2 yrs

Zhong Zhang

TITLE
Non-Executive Director
COMPENSATION
CN¥319K
AGE
63
TENURE
13.9 yrs

Hong Pu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥253K
AGE
53
TENURE
4.2 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 Hengxin Technology'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. Hengxin Technology 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

Should You Be Happy With Hengxin Technology Ltd's (HKG:1085) Performance Lately?

For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time. … Have 1085's earnings improved against past performances and the industry. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 9.7%, indicating the rate at which 1085 is growing has slowed down

Simply Wall St -

What Should You Know About Hengxin Technology Ltd's (HKG:1085) Capital Returns?

and want to begin learning the link between Hengxin Technology Ltd (HKG:1085)’s return fundamentals and stock market performance. … Thus, to understand how your money can grow by investing in Hengxin Technology, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … Hengxin Technology's Return On Capital Employed

Simply Wall St -

Who Are Hengxin Technology Ltd's (HKG:1085) Major Shareholders?

In this analysis, my focus will be on developing a perspective on Hengxin Technology Ltd’s (HKG:1085) latest ownership structure, a less discussed, but important factor. … 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. … Check out our latest analysis for Hengxin Technology

Simply Wall St -

With An ROE Of 7.70%, Can Hengxin Technology Ltd (HKG:1085) Catch Up To The Industry?

and want a simplistic look at the return on Hengxin Technology Ltd (HKG:1085) stock. … Hengxin Technology Ltd (HKG:1085) delivered an ROE of 7.70% over the past 12 months, which is relatively in-line with its industry average of 10.06% during the same period. … But what is more interesting is whether 1085 can sustain or improve on this level of return

Simply Wall St -

Is Buying Hengxin Technology Ltd (HKG:1085) For Its Upcoming $0.03 Dividend A Good Choice?

Investors who want to cash in on Hengxin Technology Ltd's (SEHK:1085) upcoming dividend of CN¥0.03 per share have only 3 days left to buy the shares before its ex-dividend date, 11 May 2018, in time for dividends payable on the 28 May 2018. … Check out our latest analysis for Hengxin Technology 5 questions to ask before buying a dividend stock If you are a dividend investor, you should always assess these five key metrics: Does it pay an annual yield higher than 75% of dividend payers? … SEHK:1085 Historical Dividend Yield May 7th 18 Does Hengxin Technology pass our checks?

Simply Wall St -

Company Info

Description

Hengxin Technology Ltd., an investment holding company, designs, develops, and manufactures telecommunications and technological products, radio frequency (RF) coaxial cables, and mobile communications systems exchange equipment. The company operates through Radio Frequency Coaxial Cables, Telecommunication Equipment and Accessories, and Antennas segments. It offers RF coaxial cables for mobile communications to transmit high-frequency signals between antenna and base station equipment in outdoor base station wireless signal coverage system and indoor wireless signal coverage system in buildings; and to radiate high frequency signals to surrounding environment through continuous small antenna elements along the cable in railways, highways, tunnels, underground car parks, elevators, and high rise buildings. The company also provides coaxial cables for telecommunications equipment and accessories to transmit signals within microwave communications systems, radio broadcast wireless systems, and air/sea radar systems, as well as for wireless signal coverage systems equipment within base stations. In addition, it offers high temperature resistant cables, which are used as part of the raw material components for antennas; antennas for use in signal transmission for wireless communications; and antenna testing services, as well as provides technical services of antennas and related telecommunications products. Further, it engages in trading and investment activities. The company serves telecommunications operators and equipment manufacturers. Hengxin Technology Ltd. operates in the People’s Republic of China, India, and internationally. The company was founded in 1996 and is headquartered in Yixing, the People’s Republic of China.

Details
Name: Hengxin Technology Ltd.
1085
Exchange: SEHK
Founded: 1996
HK$814,800,000
388,000,000
Website: http://www.hengxin.com.sg
Address: Hengxin Technology Ltd.
No. 138 Taodu Road,
Dingshu Town,
Yixing,
Jiangsu Province, 214222,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1085 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 11. May 2006
Number of employees
Current staff
Staff numbers
845
Hengxin Technology employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 13:02
End of day share price update: 2019/05/17 00:00
Last earnings filing: 2019/03/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.