Recent Insider Transactions Derivative • Jul 21
Executive Chairman of the Board exercised options and sold HK$7.4m worth of stock On the 15th of July, Yan Meng exercised 1.00m options at around HK$4.14, then sold 408k of the shares acquired at an average of HK$22.32 per share and kept the remainder. Yan currently holds less than 1% of total shares outstanding. Company insiders have collectively sold HK$62m more than they bought, via options and on-market transactions in the last 12 months. Live News • Jul 05
Cowell E Holdings Approves $320 Million Buyback Plan Running Through July 2027 Cowell e Holdings has approved a share repurchase plan of up to HK$320 million, running from July 2026 through 3 July 2027, with buybacks of up to 10% of issued shares funded from cash and internal resources and executed under existing and future mandates, subject to market conditions and shareholder approvals.
The board states the plan is intended to return value to shareholders, and that any repurchases would concentrate ownership for remaining holders if carried out and reflect management’s stated confidence in the company’s outlook.
Cowell e Holdings shares last traded at HK$23.68, with the stock down 16.0% year to date, so the size and timing of any actual repurchases could be closely watched relative to that recent performance.
The key consideration is whether buybacks turn out to be an efficient use of cash versus reinvestment or dividends, since the plan only creates potential support for the share count and does not guarantee execution. Upcoming Dividend • Jun 01
Upcoming dividend of HK$0.35 per share Eligible shareholders must have bought the stock before 08 June 2026. Payment date: 03 July 2026. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Hong Kong dividend payers (6.9%). Lower than average of industry peers (2.4%). Announcement • May 28
Cowell e Holdings Inc. Approves Final Dividend for the Year Ended 31 December, 2025 Cowell e Holdings Inc. at the AGM held on 28 May 2026 approved a final dividend of HKD 0.35 per ordinary share in respect of the year ended 31 December, 2025. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$33.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Electronic industry in Hong Kong. Total returns to shareholders of 121% over the past three years. Reported Earnings • Mar 31
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: US$0.23 (up from US$0.14 in FY 2024). Revenue: US$3.50b (up 40% from FY 2024). Net income: US$196.9m (up 65% from FY 2024). Profit margin: 5.6% (up from 4.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 5.1%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Cowell e Holdings Inc., Annual General Meeting, May 28, 2026 Cowell e Holdings Inc., Annual General Meeting, May 28, 2026. Announcement • Mar 18
Cowell e Holdings Inc. to Report Fiscal Year 2025 Results on Mar 30, 2026 Cowell e Holdings Inc. announced that they will report fiscal year 2025 results on Mar 30, 2026 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to HK$33.38, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Electronic industry in Hong Kong. Total returns to shareholders of 191% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$52.74 per share. Reported Earnings • Sep 23
First half 2025 earnings: EPS misses analyst expectations First half 2025 results: EPS: US$0.078 (up from US$0.019 in 1H 2024). Revenue: US$1.36b (up 132% from 1H 2024). Net income: US$67.4m (up 320% from 1H 2024). Profit margin: 5.0% (up from 2.7% in 1H 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions Derivative • Sep 20
CEO, CFO & Executive Director exercised options and sold HK$16m worth of stock On the 15th of September, Ying-Cheng Wu exercised 500k options at a strike price of around HK$4.14 and sold these shares for an average price of HK$35.38 per share. This trade did not impact their existing holding. For the year to December 2021, Ying-Cheng's total compensation was 82% salary and 18% non-salary. As of today, Ying-Cheng currently holds no shares directly. Company insiders have collectively sold HK$51m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Aug 23
First half 2025 earnings: EPS misses analyst expectations First half 2025 results: EPS: US$0.078 (up from US$0.019 in 1H 2024). Revenue: US$1.36b (up 132% from 1H 2024). Net income: US$67.4m (up 320% from 1H 2024). Profit margin: 5.0% (up from 2.7% in 1H 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$31.52, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Electronic industry in Hong Kong. Total returns to shareholders of 87% over the past three years. Announcement • Aug 12
Cowell e Holdings Inc. to Report First Half, 2025 Results on Aug 21, 2025 Cowell e Holdings Inc. announced that they will report first half, 2025 results on Aug 21, 2025 Reported Earnings • Apr 25
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$0.14 (up from US$0.055 in FY 2023). Revenue: US$2.49b (up 170% from FY 2023). Net income: US$119.1m (up 156% from FY 2023). Profit margin: 4.8% (down from 5.0% in FY 2023). Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to HK$24.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Electronic industry in Hong Kong. Total returns to shareholders of 231% over the past three years. Major Estimate Revision • Mar 27
Consensus revenue estimates increase by 11% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from US$3.26b to US$3.61b. EPS estimate increased from US$0.207 to US$0.222 per share. Net income forecast to grow 68% next year vs 24% growth forecast for Electronic industry in Hong Kong. Consensus price target up from HK$34.37 to HK$39.64. Share price rose 3.0% to HK$30.70 over the past week. Reported Earnings • Mar 21
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$0.14 (up from US$0.055 in FY 2023). Revenue: US$2.49b (up 170% from FY 2023). Net income: US$119.1m (up 156% from FY 2023). Profit margin: 4.8% (down from 5.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 20
Cowell e Holdings Inc., Annual General Meeting, May 29, 2025 Cowell e Holdings Inc., Annual General Meeting, May 29, 2025. Announcement • Mar 10
Cowell e Holdings Inc. to Report Fiscal Year 2024 Results on Mar 20, 2025 Cowell e Holdings Inc. announced that they will report fiscal year 2024 results on Mar 20, 2025 Recent Insider Transactions Derivative • Dec 13
CFO & Executive Director exercised options and sold HK$4.0m worth of stock On the 10th of December, Ying-Cheng Wu exercised 160k options at a strike price of around HK$4.14 and sold these shares for an average price of HK$29.00 per share. This trade did not impact their existing holding. As of today, Ying-Cheng currently holds no shares directly. Company insiders have collectively sold HK$36m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$27.10, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 9x in the Electronic industry in Hong Kong. Total returns to shareholders of 149% over the past three years. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$26.70, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 10x in the Electronic industry in Hong Kong. Total returns to shareholders of 286% over the past three years. Reported Earnings • Aug 18
First half 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2024 results: EPS: US$0.019 (down from US$0.021 in 1H 2023). Revenue: US$585.9m (up 60% from 1H 2023). Net income: US$16.0m (down 11% from 1H 2023). Profit margin: 2.7% (down from 4.9% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
Cowell e Holdings Inc. to Report First Half, 2024 Results on Aug 15, 2024 Cowell e Holdings Inc. announced that they will report first half, 2024 results on Aug 15, 2024 Recent Insider Transactions Derivative • Jun 25
Non Executive Director exercised options and sold HK$2.4m worth of stock On the 18th of June, Li Yang exercised 120k options at a strike price of around HK$4.14 and sold these shares for an average price of HK$24.22 per share. This trade did not impact their existing holding. Li currently holds less than 1% of total shares outstanding. Company insiders have collectively sold HK$29m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Jun 24
Non Executive Director recently sold HK$2.9m worth of stock On the 18th of June, Li Yang sold around 120k shares on-market at roughly HK$24.22 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$24.15, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 11x in the Electronic industry in Hong Kong. Total returns to shareholders of 397% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$11.26 per share. Recent Insider Transactions Derivative • Jun 01
Non Executive Director exercised options and sold HK$3.4m worth of stock On the 27th of May, Han-Yang Chen exercised 200k options at a strike price of around HK$4.14 and sold these shares for an average price of HK$21.08 per share. This trade did not impact their existing holding. As of today, Han-Yang currently holds no shares directly. Company insiders have collectively sold HK$16m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Mar 28
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.134 to US$0.109 per share. Revenue forecast steady at US$1.87b. Net income forecast to grow 98% next year vs 45% growth forecast for Electronic industry in Hong Kong. Consensus price target up from HK$23.97 to HK$26.53. Share price rose 6.5% to HK$18.72 over the past week. Announcement • Mar 22
Cowell e Holdings Inc., Annual General Meeting, May 23, 2024 Cowell e Holdings Inc., Annual General Meeting, May 23, 2024. Reported Earnings • Mar 22
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0.055 (down from US$0.10 in FY 2022). Revenue: US$923.8m (down 17% from FY 2022). Net income: US$46.6m (down 45% from FY 2022). Profit margin: 5.0% (down from 7.6% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 12
Cowell e Holdings Inc. to Report Fiscal Year 2023 Results on Mar 21, 2024 Cowell e Holdings Inc. announced that they will report fiscal year 2023 results on Mar 21, 2024 Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$16.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 7x in the Electronic industry in Hong Kong. Total returns to shareholders of 173% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$28.62 per share. Buying Opportunity • Oct 31
Now 22% undervalued Over the last 90 days, the stock is up 34%. The fair value is estimated to be HK$23.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 105% in 2 years. Earnings is forecast to grow by 116% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to HK$17.86, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 7x in the Electronic industry in Hong Kong. Total returns to shareholders of 320% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$34.42 per share. New Risk • Sep 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Major Estimate Revision • Aug 17
Consensus revenue estimates fall by 22% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$1.36b to US$1.06b. EPS estimate fell from US$0.115 to US$0.075 per share. Net income forecast to grow 34% next year vs 17% growth forecast for Electronic industry in Hong Kong. Consensus price target down from HK$22.07 to HK$19.44. Share price rose 5.6% to HK$13.90 over the past week. Reported Earnings • Aug 12
First half 2023 earnings: EPS and revenues miss analyst expectations First half 2023 results: EPS: US$0.021 (down from US$0.038 in 1H 2022). Revenue: US$366.7m (down 9.4% from 1H 2022). Net income: US$18.0m (down 43% from 1H 2022). Profit margin: 4.9% (down from 7.8% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 33%. Earnings per share (EPS) also missed analyst estimates by 53%. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 01
Cowell e Holdings Inc. to Report First Half, 2023 Results on Aug 10, 2023 Cowell e Holdings Inc. announced that they will report first half, 2023 results on Aug 10, 2023 Recent Insider Transactions Derivative • Jul 04
Non Executive Director exercised options and sold HK$3.4m worth of stock On the 27th of June, Han-Yang Chen exercised 310k options at a strike price of around HK$4.14 and sold these shares for an average price of HK$15.13 per share. This trade did not impact their existing holding. As of today, Han-Yang currently holds no shares directly. Company insiders have collectively sold HK$78m more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$15.24, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 8x in the Electronic industry in Hong Kong. Total returns to shareholders of 1,037% over the past three years. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to HK$18.18, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 8x in the Electronic industry in Hong Kong. Total returns to shareholders of 1,080% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$35.10 per share. Reported Earnings • May 03
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: US$0.10 (up from US$0.06 in FY 2021). Revenue: US$1.12b (up 40% from FY 2021). Net income: US$84.3m (up 69% from FY 2021). Profit margin: 7.6% (up from 6.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$16.48, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 8x in the Electronic industry in Hong Kong. Total returns to shareholders of 1,115% over the past three years. Recent Insider Transactions Derivative • Apr 16
CFO & Executive Director exercised options to buy HK$12m worth of stock. On the 11th of April, Ying-Cheng Wu exercised options to buy 660k shares at a strike price of around HK$4.14, costing a total of HK$2.7m. As of today, Ying-Cheng currently holds no shares directly. Company insiders have collectively bought HK$12m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Apr 06
CEO & Executive Chairman of the Board exercised options to buy HK$19m worth of stock. On the 28th of March, Yan Meng exercised options to buy 1m shares at a strike price of around HK$4.14, costing a total of HK$4.1m. As of today, Yan currently holds no shares directly. Company insiders have collectively bought HK$6.5m more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Mar 30
Non Executive Director exercised options to buy HK$10m worth of stock. On the 24th of March, Li Yang exercised options to buy 560k shares at a strike price of around HK$4.14, costing a total of HK$2.3m. As of today, Li currently holds no shares directly. This was the only transaction from an insider over the last 12 months. Reported Earnings • Mar 24
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: US$0.10 (up from US$0.06 in FY 2021). Revenue: US$1.12b (up 40% from FY 2021). Net income: US$84.3m (up 69% from FY 2021). Profit margin: 7.6% (up from 6.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Electronic industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 114% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 15% share price gain to HK$12.52, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 7x in the Electronic industry in Hong Kong. Total returns to shareholders of 695% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$11.26, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Electronic industry in Hong Kong. Total returns to shareholders of 1,215% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). CEO & Executive Chairman of the Board Yan Meng is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Director Xia Liu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 15% share price gain to HK$10.96, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 6x in the Electronic industry in Hong Kong. Total returns to shareholders of 1,231% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$19.35 per share. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 20% share price decline to HK$12.32, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 6x in the Electronic industry in Hong Kong. Total returns to shareholders of 1,396% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$23.99 per share. Major Estimate Revision • Aug 24
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$1.03b to US$1.05b. EPS estimate increased from US$0.09 to US$0.10 per share. Net income forecast to grow 55% next year vs 11% growth forecast for Electronic industry in Hong Kong. Consensus price target up from HK$17.05 to HK$20.39. Share price was steady at HK$16.68 over the past week.