SEHK:1480

Stock Analysis Report

Yan Tat Group Holdings

Executive Summary

Yan Tat Group Holdings Limited, an investment holding company, manufactures and sells printed circuit boards in Mainland China, Europe, Hong Kong, other Asian countries, North America, Africa, the Oceania, and South America.

Snowflake

Fundamentals

Flawless balance sheet and undervalued.

Share Price & News

How has Yan Tat Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.0%

1480

0.6%

HK Electronic

2.9%

HK Market


1 Year Return

-10.6%

1480

-1.6%

HK Electronic

0.7%

HK Market

Return vs Industry: 1480 underperformed the Hong Kong Electronic industry which returned -1.6% over the past year.

Return vs Market: 1480 underperformed the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

1480IndustryMarket
7 Day-6.0%0.6%2.9%
30 Day-6.8%-1.6%-2.5%
90 Day-19.7%3.7%-5.4%
1 Year-6.1%-10.6%1.8%-1.6%4.4%0.7%
3 Year-45.5%-48.1%0.3%-7.6%17.0%5.2%
5 Yearn/a54.2%34.3%20.2%0.2%

Price Volatility Vs. Market

How volatile is Yan Tat Group Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Yan Tat Group Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 1480 (HK$1.1) is trading below our estimate of fair value (HK$7.4)

Significantly Undervalued: 1480 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1480 is good value based on its PE Ratio (5.8x) compared to the Electronic industry average (8.7x).

PE vs Market: 1480 is good value based on its PE Ratio (5.8x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 1480's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1480 is good value based on its PB Ratio (0.5x) compared to the HK Electronic industry average (0.9x).


Next Steps

Future Growth

How is Yan Tat Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1480's forecast earnings growth (8.8% per year) is above the savings rate (2%).

Earnings vs Market: 1480's earnings (8.8% per year) are forecast to grow slower than the Hong Kong market (11.1% per year).

High Growth Earnings: 1480's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 1480's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 1480's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 1480's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Yan Tat Group Holdings performed over the past 5 years?

2.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 1480's earnings have grown by 2.1% per year over the past 5 years.

Accelerating Growth: 1480's earnings growth over the past year (0.03%) is below its 5-year average (2.1% per year).

Earnings vs Industry: 1480 earnings growth over the past year (0.03%) exceeded the Electronic industry -12.9%.


Return on Equity

High ROE: 1480's Return on Equity (8.9%) is considered low.


Return on Assets

ROA vs Industry: 1480 has a higher Return on Assets than the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: 1480 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Yan Tat Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1480's short term assets (HK$431.5M) exceeds its short term liabilities (HK$317.6M)

Long Term Liabilities: 1480's short term assets (431.5M) exceeds its long term liabilities (35.5M)


Debt to Equity History and Analysis

Debt Level: 1480's debt to equity ratio (23.9%) is considered satisfactory

Reducing Debt: 1480's debt to equity ratio has reduced from 54% to 23.9% over the past 5 years.

Debt Coverage: 1480's debt is well covered by operating cash flow (86.2%).

Interest Coverage: 1480's interest payments on its debt are well covered by EBIT (8.2x coverage).


Balance Sheet

Inventory Level: 1480 has a high level of physical assets or inventory.

Debt Coverage by Assets: 1480's debt is covered by short term assets (assets are 3.525390x debt).


Next Steps

Dividend

What is Yan Tat Group Holdings's current dividend yield, its reliability and sustainability?

5.45%

Current Dividend Yield


Dividend Yield vs Market

company5.5%marketbottom25%2.2%markettop25%6.3%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 1480's dividend (5.45%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 1480's dividend (5.45%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.29%).

Stable Dividend: 1480 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1480's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.7%), 1480's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Yan Tat Group Holdings's salary, the management and board of directors tenure and is there insider trading?

4.9yrs

Average board tenure


CEO

Wing Yin Chan (70yo)

0yrs

Tenure

HK$2,104,000

Compensation

Mr. Wing Yin Chan serves as the Chairman and Chief Executive Officer of Yan Tat Group Holdings Limited and has been its Executive Director since July 8, 2014. Mr. Chan is the Founder of the Yan Tat Group a ...


CEO Compensation Analysis

Compensation vs. Market: Wing Yin's total compensation ($USD268.23K) is about average for companies of similar size in the Hong Kong market ($USD211.63K).

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


Board Age and Tenure

4.9yrs

Average Tenure

69yo

Average Age

Experienced Board: 1480's board of directors are considered experienced (4.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Hau Yin Lai (51yo)

    CFO & Company Secretary

    • Tenure: 5.6yrs
  • Wing Yin Chan (70yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: HK$2.10m
  • Yung Chan (70yo)

    VP & Executive Director

    • Tenure: 5.3yrs
    • Compensation: HK$1.69m
  • Yan Wing Chan (40yo)

    VP & Executive Director

    • Tenure: 5.3yrs
    • Compensation: HK$7.90m

Board Members

  • Yuk Ming Chung (71yo)

    Independent Non-Executive Director

    • Tenure: 4.9yrs
    • Compensation: HK$204.00k
  • Felix Yau (53yo)

    Independent Non-Executive Director

    • Tenure: 4.9yrs
    • Compensation: HK$204.00k
  • Shun Chuen Lau (69yo)

    Independent Non-Executive Director

    • Tenure: 3.1yrs
    • Compensation: HK$204.00k
  • Wing Yin Chan (70yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: HK$2.10m
  • Yung Chan (70yo)

    VP & Executive Director

    • Tenure: 5.3yrs
    • Compensation: HK$1.69m
  • Yan Kwong Chan (41yo)

    Non-Executive Director

    • Tenure: 1.9yrs
    • Compensation: HK$559.00k
  • Yan Wing Chan (40yo)

    VP & Executive Director

    • Tenure: 5.3yrs
    • Compensation: HK$7.90m

Company Information

Yan Tat Group Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yan Tat Group Holdings Limited
  • Ticker: 1480
  • Exchange: SEHK
  • Founded: 1989
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: HK$261.600m
  • Shares outstanding: 240.00m
  • Website: https://www.yantat.com

Number of Employees


Location

  • Yan Tat Group Holdings Limited
  • Kwong Sang Hong Centre
  • Room 809-810
  • Kwun Tong
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1480SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2014

Biography

Yan Tat Group Holdings Limited, an investment holding company, manufactures and sells printed circuit boards in Mainland China, Europe, Hong Kong, other Asian countries, North America, Africa, the Oceania, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:47
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.