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Technovator International

SEHK:1206
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1206
SEHK
HK$813M
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

Technovator International Limited, together with its subsidiaries, provides smart energy management products, solutions, and integrated services primarily in the People’s Republic of China. The last earnings update was 25 days ago. More info.


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  • Technovator International has significant price volatility in the past 3 months.
1206 Share Price and Events
7 Day Returns
-7.1%
SEHK:1206
-7.4%
HK Electronic
-2.5%
HK Market
1 Year Returns
-47.5%
SEHK:1206
-40.2%
HK Electronic
-15.9%
HK Market
1206 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Technovator International (1206) -7.1% -5.4% -8.7% -47.5% -72.6% -72.6%
HK Electronic -7.4% -18.5% -13.1% -40.2% 4.1% 20.9%
HK Market -2.5% -8.6% -3.6% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 1206 underperformed the Electronic industry which returned -40.2% over the past year.
  • 1206 underperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
1206
Industry
5yr Volatility vs Market

1206 Value

 Is Technovator International 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 Technovator International 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 Technovator International.

SEHK:1206 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 9.3%
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:1206
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.046 (1 + (1- 17%) (33.45%))
1.225
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.225 * 5.96%)
9.31%

Discounted Cash Flow Calculation for SEHK:1206 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Technovator International 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:1206 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.31%)
2019 157.12 Est @ 96.49% 143.74
2020 264.19 Est @ 68.15% 221.12
2021 391.80 Est @ 48.3% 300.01
2022 526.63 Est @ 34.41% 368.93
2023 656.66 Est @ 24.69% 420.85
2024 774.09 Est @ 17.88% 453.88
2025 875.65 Est @ 13.12% 469.72
2026 961.33 Est @ 9.78% 471.78
2027 1,032.95 Est @ 7.45% 463.77
2028 1,093.03 Est @ 5.82% 448.97
Present value of next 10 years cash flows CN¥3,762.78
SEHK:1206 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,093.03 × (1 + 2%) ÷ (9.31% – 2%)
CN¥15,267.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥15,267.83 ÷ (1 + 9.31%)10
CN¥6,271.33
SEHK:1206 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥3,762.78 + CN¥6,271.33
CN¥10,034.11
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥10,034.11 / 782.19
CN¥12.83
SEHK:1206 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1206)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥12.83 x 1.135
HK$14.56
Value per share (HKD) From above. HK$14.56
Current discount Discount to share price of HK$1.05
= -1 x (HK$1.05 - HK$14.56) / HK$14.56
92.8%

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

Current Discount
Amount off the current price Technovator International is available for.
Intrinsic value
>50%
Share price is HK$1.05 vs Future cash flow value of HK$14.56
Current Discount Checks
For Technovator International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Technovator International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Technovator International'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 Technovator International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Technovator International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1206 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.33
SEHK:1206 Share Price ** SEHK (2019-05-20) in HKD HK$1.05
SEHK:1206 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.93
Hong Kong Electronic Industry PE Ratio Median Figure of 59 Publicly-Listed Electronic Companies 11.11x
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 Technovator International.

SEHK:1206 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1206 Share Price ÷ EPS (both in CNY)

= 0.93 ÷ 0.33

2.77x

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

  • Technovator International is good value based on earnings compared to the HK Electronic industry average.
  • Technovator International is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Technovator International's expected growth come at a high price?
Raw Data
SEHK:1206 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
8%per year
Hong Kong Electronic Industry PEG Ratio Median Figure of 13 Publicly-Listed Electronic Companies 0.64x
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 Technovator International, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Technovator International's assets?
Raw Data
SEHK:1206 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥3.37
SEHK:1206 Share Price * SEHK (2019-05-20) in HKD HK$1.05
SEHK:1206 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.93
Hong Kong Electronic Industry PB Ratio Median Figure of 83 Publicly-Listed Electronic Companies 1.19x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:1206 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1206 Share Price ÷ Book Value per Share (both in CNY)

= 0.93 ÷ 3.37

0.27x

* Primary Listing of Technovator International.

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

  • Technovator International is good value based on assets compared to the HK Electronic industry average.
X
Value checks
We assess Technovator International'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Technovator International 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.

1206 Future Performance

 How is Technovator International expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Technovator International, 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
8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Technovator International expected to grow at an attractive rate?
  • Technovator International's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Technovator International's earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare Technovator International's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1206 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1206 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 8%
Hong Kong Electronic Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
Hong Kong Electronic Industry Revenue Growth Rate Market Cap Weighted Average 12.5%
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:1206 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:1206 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1206 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 2,037 192 261
2018-09-30 2,081 109 265
2018-06-30 2,125 26 268
2018-03-31 2,052 66 264
2017-12-31 1,980 106 259
2017-09-30 1,936 99 248
2017-06-30 1,891 93 236
2017-03-31 1,839 97 235
2016-12-31 1,786 100 234
2016-06-30 1,698 -50 184
2016-03-31 1,695 11 184

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Technovator International's earnings are expected to grow by 8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Technovator International 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:1206 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 Technovator International Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1206 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1206 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.33
2018-09-30 0.34
2018-06-30 0.34
2018-03-31 0.33
2017-12-31 0.33
2017-09-30 0.31
2017-06-30 0.29
2017-03-31 0.29
2016-12-31 0.29
2016-06-30 0.23
2016-03-31 0.24

*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 Technovator International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Technovator International'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.
Technovator International has a total score of 1/6, 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.

1206 Past Performance

  How has Technovator International 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 Technovator International's growth in the last year to its industry (Electronic).
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.
  • Technovator International's year on year earnings growth rate has been positive over the past 5 years.
  • Technovator International's 1-year earnings growth is less than its 5-year average (0.7% vs 18.7%)
  • Technovator International's earnings growth has exceeded the HK Electronic industry average in the past year (0.7% vs -4.6%).
Earnings and Revenue History
Technovator International'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 Technovator International Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1206 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 2,036.59 261.17 200.84
2018-09-30 2,080.61 264.52 213.56
2018-06-30 2,124.63 267.88 226.28
2018-03-31 2,052.30 263.62 220.83
2017-12-31 1,979.97 259.36 215.38
2017-09-30 1,935.70 247.65 212.71
2017-06-30 1,891.42 235.94 210.04
2017-03-31 1,838.88 235.04 203.94
2016-12-31 1,786.34 234.13 197.83
2016-06-30 1,698.27 184.24 198.15
2016-03-31 1,695.45 184.17 192.25
2015-12-31 1,692.62 184.10 186.35
2015-06-30 1,390.04 177.98 152.94 -14.13
2015-03-31 1,392.24 167.40 164.96 -7.06
2014-12-31 1,394.35 156.81 176.96
2014-09-30 1,309.76 120.93 215.19 30.80
2014-06-30 1,201.56 99.12 210.31 28.16
2014-03-31 1,118.42 97.97 195.90 28.53
2013-12-31 1,008.48 94.30 176.79 28.15
2013-09-30 867.42 97.76 154.58 26.30
2013-06-30 827.33 91.12 148.11 25.09
2013-03-31 804.61 87.72 145.76 22.48
2012-12-31 774.23 83.48 142.06 19.63
2012-09-30 726.03 78.56 137.99 19.57
2012-06-30 678.49 73.72 134.15 19.55

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

1206 Health

 How is Technovator International'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 Technovator International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Technovator International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Technovator International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Technovator International'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.
  • Debt is covered by short term assets, assets are 14.5x 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 Technovator International Company Filings, last reported 4 months ago.

SEHK:1206 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,657.42 239.82 826.68
2018-09-30 2,657.42 239.82 826.68
2018-06-30 2,461.55 241.80 465.77
2018-03-31 2,461.55 241.80 465.77
2017-12-31 2,390.26 242.48 648.99
2017-09-30 2,390.26 242.48 648.99
2017-06-30 2,205.50 283.21 545.00
2017-03-31 2,205.50 283.21 545.00
2016-12-31 2,194.12 290.71 780.39
2016-06-30 2,007.10 743.53 956.47
2016-03-31 2,007.10 743.53 956.47
2015-12-31 2,006.80 923.92 1,420.13
2015-06-30 1,495.65 784.46 947.26
2015-03-31 1,495.41 784.34 947.10
2014-12-31 1,180.56 833.60 590.65
2014-09-30 823.36 834.14 522.74
2014-06-30 654.01 411.53 326.71
2014-03-31 653.83 411.42 326.62
2013-12-31 645.59 629.72 477.58
2013-09-30 588.72 346.64 372.98
2013-06-30 726.04 86.92 323.92
2013-03-31 734.70 87.96 327.78
2012-12-31 526.74 94.54 264.38
2012-09-30 531.31 95.36 266.67
2012-06-30 481.26 52.79 144.31
  • Technovator International's level of debt (9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (97.2% vs 9% today).
  • Debt is well covered by operating cash flow (80%, greater than 20% of total debt).
  • Technovator International earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Technovator International'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. Technovator International 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.

1206 Dividends

 What is Technovator International'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 Technovator International dividends.
If you bought HK$2,000 of Technovator International 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 Technovator International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Technovator International'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:1206 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 Electronic Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 3.1%
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:1206 Future Dividends Estimate Data
Date (Data in CN¥) 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 Technovator International has not reported any payouts.
  • Unable to verify if Technovator International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Technovator International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Technovator International 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 Technovator International'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 Technovator International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Technovator International 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.

1206 Management

 What is the CEO of Technovator International'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
Xiaobo Zhao
COMPENSATION CN¥1,300,000
AGE 49
TENURE AS CEO 7.7 years
CEO Bio

Mr. Zhao Xiaobo has been the Chief Executive Officer of Technovator International Limited since September 8, 2011. Mr. Zhao joined Technovator in May 2005. Mr. Zhao is an assistant to the President of Tongfang and a general manager of Digital City Division of Tongfang. He was qualified as professor and researcher level senior engineer by the Human Resource and Social Security Department of Liaoning Province in 2009 and was appointed as the vice-chairman of Intelligent Building Branch of China Construction Industry Association in April 2010. He has been an Executive Director of Technovator International Limited since April 12, 2011. Mr. Zhao received his Bachelor's degree in Thermal Engineering from Tsinghua University in 1993 and Executive Master of Business Administration from the Tsinghua University in 2005.

CEO Compensation
  • Xiaobo's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Xiaobo's remuneration is about average for companies of similar size in Hong Kong.
Management Team

Xiaobo Zhao

TITLE
CEO & Executive Director
COMPENSATION
CN¥1M
AGE
49
TENURE
7.7 yrs

Lok Wai Leung

TITLE
CFO & Joint Company Secretary
AGE
42

Xuzhong Qin

TITLE
Chairman of the Board
AGE
46

Xu Zhenxi

TITLE
Chief Engineer

Selena Siew Tee

TITLE
Joint Company Secretary
AGE
45
TENURE
0.8 yrs

Chen Fangju

TITLE
Executive Officer

Qiu Duanyun

TITLE
Executive Officer
Board of Directors Tenure

Average tenure and age of the Technovator International board of directors in years:

7.7
Average Tenure
52
Average Age
  • The tenure for the Technovator International board of directors is about average.
Board of Directors

Xiaobo Zhao

TITLE
CEO & Executive Director
COMPENSATION
CN¥1M
AGE
49
TENURE
14 yrs

Xuzhong Qin

TITLE
Chairman of the Board
AGE
46
TENURE
1.1 yrs

Anthony Fan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥309K
AGE
58
TENURE
7.7 yrs

Yew Boon Chia

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥311K
AGE
60
TENURE
7.7 yrs

Kathy Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥242K
AGE
52
TENURE
7.7 yrs

Anthony Fan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥311K
AGE
58
TENURE
7.7 yrs

Tim Liu

TITLE
Non-Executive Director
COMPENSATION
CN¥190K
AGE
56
TENURE
7.7 yrs

Yinghu Wang

TITLE
Non-Executive Director
COMPENSATION
CN¥190K
AGE
44
TENURE
3.5 yrs

Yu Huang

TITLE
Non-Executive Director
AGE
49
TENURE
2.8 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$) Value (HK$)
22. Jun 18 Buy Tsinghua Tongfang Co.,Ltd. Company 19. Jun 18 19. Jun 18 1,000,000 HK$1.84 HK$1,837,500
X
Management checks
We assess Technovator International'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. Technovator International 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.

1206 News

Simply Wall St News

What You Must Know About Technovator International Limited's (HKG:1206) Beta Value

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider. … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Should You Be Pleased About The CEO Pay At Technovator International Limited's (HKG:1206)

How Does Xiaobo Zhao's Compensation Compare With Similar Sized Companies. … Our data indicates that Technovator International Limited is worth HK$931m, and total annual CEO compensation is CN¥1.3m. … We examined a group of similar sized companies, with market capitalizations of below CN¥1.3b

Simply Wall St -

How Has Technovator International Limited's (HKG:1206) Earnings Fared Against The Long Term Trend

Today I will assess 1206's recent performance announced on 31 December 2018 and weigh these figures against its long-term trend and industry movements. … 1206's trailing twelve-month earnings (from 31 December 2018) of CN¥261m has. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 19%, indicating the rate at which 1206 is growing has slowed down

Simply Wall St -

Some Technovator International Shareholders Have Taken A Painful 71% Share Price Drop

While not a mind-blowing move, it is good to see that the Technovator International Limited (HKG:1206) share price has gained 15% in the last three months. … While the share price declined over five years, Technovator International actually managed to increase EPS by an average of 14% per year. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.

Simply Wall St -

What We Think Of Technovator International Limited’s (HKG:1206) Investment Potential

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Technovator International Limited (HKG:1206): What Does Its Beta Value Mean For Your Portfolio?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Here's What Technovator International Limited's (HKG:1206) P/E Ratio Is Telling Us

We'll look at Technovator International Limited's (HKG:1206) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 2.56 = CN¥0.88 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.34

Simply Wall St -

Do Institutions Own Technovator International Limited (HKG:1206) Shares?

The big shareholder groups in Technovator International Limited (HKG:1206) have power over the company. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Technovator International is not a large company by global standards.

Simply Wall St -

Is Technovator International Limited's (HKG:1206) CEO Incentives Align With Yours?

Xiaobo Zhao became the CEO of Technovator International Limited (HKG:1206) in 2011. … How Does Xiaobo Zhao's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Technovator International Limited has a market cap of HK$821m, and is paying total annual CEO compensation of CN¥1m.

Simply Wall St -

Does Technovator International Limited's (HKG:1206) PE Ratio Warrant A Buy?

Technovator International Limited (HKG:1206) trades with a trailing P/E of 4.5x, which is lower than the industry average of 10.4x. … While this makes 1206 appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. … I will explain what the P/E ratio is as well as what you should look out for when using it

Simply Wall St -

1206 Company Info

Description

Technovator International Limited, together with its subsidiaries, provides smart energy management products, solutions, and integrated services primarily in the People’s Republic of China. The company's Smart Transportation segment offers a series of proprietary software and hardware products, and integrated supervision and control system for rail transit; and building automation systems for use in rail transit and safety door systems, as well as provides integrated solutions comprising planning, procurement, installation, commissioning, and aftersales services. Its Smart Building and Complex segment provides integrated intelligence solutions and efficiency management services, including integrated energy consumption monitoring, energy-saving consultation, and reformation services, as well as full life-cycle services; and supplies and integrates intelligence systems for buildings. The company's Smart Energy segment offers regional energy planning, integrated utilization of industrial waste heat recovery, heat pump, independent temperature and humidity control, and variable air rate technologies for energy cascade utilization, as well as optimization and transformation of energy systems. This segment also provides urban heating network technologies, including distributed variable frequency heating, cooling and heating network balancing, and combined multi-heat sources heating, as well as heating network and source monitoring, and optimal regulation technologies. The company also offers digital video urban surveillance systems for multi-level remote surveillance in the finance, electricity, security, and road traffic industries; and fire alarm systems that offers online fire control solutions for city authorities and commercial users. The company was formerly known as Technovator Int Private Ltd. and changed its name to Technovator International Limited in September 2011. Technovator International Limited was founded in 2005 and is headquartered in Singapore.

Details
Name: Technovator International Limited
1206
Exchange: SEHK
Founded: 2005
HK$813,479,876
782,192,189
Website: http://www.technovator.com.sg
Address: Technovator International Limited
Sindo Industrial Building,
No. 04-10/10A,
Singapore,
347805,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1206 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 27. Oct 2011
Number of employees
Current staff
Staff numbers
862
Technovator International employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 12:56
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2018/03/19
Last earnings filing: 2019/04/25
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.