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Yan Tat Group Holdings

SEHK:1480
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1480
SEHK
HK$302M
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

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. The last earnings update was 26 days ago. More info.


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1480 Share Price and Events
7 Day Returns
-3.1%
SEHK:1480
-7.4%
HK Electronic
-2.5%
HK Market
1 Year Returns
-22.7%
SEHK:1480
-40.2%
HK Electronic
-15.9%
HK Market
1480 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yan Tat Group Holdings (1480) -3.1% -11.9% 10.5% -22.7% -44.2% -
HK Electronic -7.4% -18.5% -11.6% -40.2% 4.1% 20.9%
HK Market -2.5% -8.6% -2.1% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 1480 outperformed the Electronic industry which returned -40.2% over the past year.
  • 1480 underperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
1480
Industry
5yr Volatility vs Market

Value

 Is Yan Tat Group Holdings 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 Yan Tat Group Holdings 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 Yan Tat Group Holdings.

SEHK:1480 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 11%
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:1480
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.053 (1 + (1- 25%) (59.37%))
1.35
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.35 * 6.65%)
10.98%

Discounted Cash Flow Calculation for SEHK:1480 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Yan Tat Group Holdings 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:1480 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 10.98%)
2019 99.60 Est @ 89.83% 89.74
2020 162.82 Est @ 63.48% 132.20
2021 236.16 Est @ 45.04% 172.77
2022 312.03 Est @ 32.13% 205.69
2023 384.08 Est @ 23.09% 228.13
2024 448.47 Est @ 16.76% 240.02
2025 503.80 Est @ 12.34% 242.96
2026 550.33 Est @ 9.24% 239.14
2027 589.22 Est @ 7.07% 230.70
2028 621.90 Est @ 5.55% 219.41
Present value of next 10 years cash flows HK$2,000.76
SEHK:1480 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$621.90 × (1 + 2%) ÷ (10.98% – 2%)
HK$7,066.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$7,066.06 ÷ (1 + 10.98%)10
HK$2,492.92
SEHK:1480 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$2,000.76 + HK$2,492.92
HK$4,493.68
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$4,493.68 / 240.00
HK$18.72
SEHK:1480 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$18.72
Current discount Discount to share price of HK$1.26
= -1 x (HK$1.26 - HK$18.72) / HK$18.72
93.3%

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

Current Discount
Amount off the current price Yan Tat Group Holdings is available for.
Intrinsic value
>50%
Share price is HK$1.26 vs Future cash flow value of HK$18.72
Current Discount Checks
For Yan Tat Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Yan Tat Group Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Yan Tat Group Holdings'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 Yan Tat Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yan Tat Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1480 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.24
SEHK:1480 Share Price ** SEHK (2019-05-17) in HKD HK$1.26
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 Yan Tat Group Holdings.

SEHK:1480 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1480 Share Price ÷ EPS (both in HKD)

= 1.26 ÷ 0.24

5.18x

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

  • Yan Tat Group Holdings is good value based on earnings compared to the HK Electronic industry average.
  • Yan Tat Group Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Yan Tat Group Holdings's expected growth come at a high price?
Raw Data
SEHK:1480 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
3.9%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 Yan Tat Group Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Yan Tat Group Holdings's assets?
Raw Data
SEHK:1480 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$2.13
SEHK:1480 Share Price * SEHK (2019-05-17) in HKD HK$1.26
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:1480 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1480 Share Price ÷ Book Value per Share (both in HKD)

= 1.26 ÷ 2.13

0.59x

* Primary Listing of Yan Tat Group Holdings.

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

  • Yan Tat Group Holdings is good value based on assets compared to the HK Electronic industry average.
X
Value checks
We assess Yan Tat Group Holdings'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. Yan Tat Group Holdings 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 Yan Tat Group Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Yan Tat Group Holdings, 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
3.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yan Tat Group Holdings expected to grow at an attractive rate?
  • Yan Tat Group Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Yan Tat Group Holdings's earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare Yan Tat Group Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1480 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1480 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 3.9%
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:1480 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 HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1480 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 766 89 58
2018-09-30 740 83 52
2018-06-30 715 78 45
2018-03-31 674 57 35
2017-12-31 634 36 24
2017-09-30 615 23 22
2017-06-30 597 10 19
2017-03-31 594 20 21
2016-12-31 591 30 23
2016-09-30 595 29 27
2016-06-30 598 28 30
2016-03-31 619 28 36

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Yan Tat Group Holdings's earnings are expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Yan Tat Group Holdings 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:1480 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 Yan Tat Group Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1480 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.24
2018-09-30 0.22
2018-06-30 0.19
2018-03-31 0.15
2017-12-31 0.10
2017-09-30 0.09
2017-06-30 0.08
2017-03-31 0.09
2016-12-31 0.10
2016-09-30 0.11
2016-06-30 0.12
2016-03-31 0.15

*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 Yan Tat Group Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Yan Tat Group Holdings'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.
Yan Tat Group Holdings 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.

Past Performance

  How has Yan Tat Group Holdings 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 Yan Tat Group Holdings'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.
  • Yan Tat Group Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Yan Tat Group Holdings's 1-year earnings growth exceeds its 5-year average (140.5% vs -2.4%)
  • Yan Tat Group Holdings's earnings growth has exceeded the HK Electronic industry average in the past year (140.5% vs -4.6%).
Earnings and Revenue History
Yan Tat Group Holdings'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 Yan Tat Group Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1480 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 766.01 58.39 107.51
2018-09-30 740.38 51.91 102.37
2018-06-30 714.76 45.44 97.23
2018-03-31 674.17 34.86 94.87
2017-12-31 633.57 24.28 92.51
2017-09-30 615.32 21.81 91.34
2017-06-30 597.07 19.34 90.17
2017-03-31 594.24 21.36 91.39
2016-12-31 591.41 23.38 92.61
2016-09-30 594.84 26.64 93.94
2016-06-30 598.26 29.90 95.27
2016-03-31 618.60 36.15 96.53
2015-12-31 638.93 42.41 97.80
2015-09-30 651.31 46.46 97.93
2015-06-30 663.70 50.50 98.07
2015-03-31 663.63 47.35 95.50
2014-12-31 663.57 44.21 92.93
2013-12-31 581.56 39.77 95.73
2012-12-31 576.66 30.18 92.75

*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.
  • Yan Tat Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Yan Tat Group Holdings used its assets more efficiently than the HK Electronic industry average last year based on Return on Assets.
  • Yan Tat Group Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Yan Tat Group Holdings'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.
Yan Tat Group Holdings has a total score of 4/6, 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 Yan Tat Group Holdings'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 Yan Tat Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Yan Tat Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Yan Tat Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Yan Tat Group Holdings'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 2.7x 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 Yan Tat Group Holdings Company Filings, last reported 4 months ago.

SEHK:1480 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 511.65 179.54 136.29
2018-09-30 511.65 179.54 136.29
2018-06-30 504.56 192.34 106.15
2018-03-31 504.56 192.34 106.15
2017-12-31 480.42 192.98 75.81
2017-09-30 480.42 192.98 75.81
2017-06-30 445.01 202.06 46.54
2017-03-31 445.01 202.06 46.54
2016-12-31 421.83 223.43 83.61
2016-09-30 421.83 223.43 83.61
2016-06-30 432.40 238.64 97.65
2016-03-31 432.40 238.64 97.65
2015-12-31 428.78 206.30 103.68
2015-09-30 428.78 206.30 103.68
2015-06-30 443.50 186.82 117.12
2015-03-31 443.50 186.82 117.12
2014-12-31 418.17 158.12 159.99
2013-12-31 267.83 221.13 55.60
2012-12-31 218.63 194.20 80.21
  • Yan Tat Group Holdings's level of debt (35.1%) 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 (82.4% vs 35.1% today).
  • Debt is well covered by operating cash flow (49.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.5x coverage).
X
Financial health checks
We assess Yan Tat Group Holdings'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. Yan Tat Group Holdings 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.

Dividends

 What is Yan Tat Group Holdings'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
4.76%
Current annual income from Yan Tat Group Holdings dividends.
If you bought HK$2,000 of Yan Tat Group Holdings shares you are expected to receive HK$95 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?
  • Yan Tat Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • Yan Tat Group Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.72%).
Upcoming dividend payment

Purchase Yan Tat Group Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:1480 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:1480 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-23 0.060 4.515
2019-03-26 0.060 4.179
2017-09-18 0.000 0.000
2017-08-28 0.000 0.000
2017-04-20 0.000 0.000
2017-03-24 0.000 0.000
2016-04-21 0.050 2.406
2016-03-23 0.050 2.116
2015-09-22 0.050 2.031
2015-08-24 0.050 1.609

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

  • Whilst dividend payments have been stable, Yan Tat Group Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Yan Tat Group Holdings only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Yan Tat Group Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x 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 Yan Tat Group Holdings'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 Yan Tat Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yan Tat Group Holdings 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 Yan Tat Group Holdings'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
Wing Yin Chan
COMPENSATION HK$1,764,204
AGE 69
CEO Bio

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 and has participated in the management of the Yan Tat Group since January 1992. He is responsible for the corporate strategic planning and overall business development of the Yan Tat Group. Before incorporation of YT Industrial in 1992, he was a Sole proprietorship conducting business under the name of Yan Tat (HK) Industrial Co. since September 1989, which was primarily engaged in the manufacturing of PCBs and which enabled him to acquire relevant industry knowledge and accumulate relevant experience. Mr. Chan has more than 25 years of experience in the PCB production and sales. He serves as Vice Chairman of the Fujian Chamber of Commerce in Shenzhen, the Vice Chairman of The Employers’ Federation of Shenzhen since September 2004 and as the Honorary President of the highest ranking members since 2010. He also serves as the Vice Chairman of China Printed Circuit Association (CPCA) since March 2010. He was recognized as ‘‘Pioneer Worker’’ by CPCA in 2012. Mr. Chan attended his secondary school education in Fujian province, the PRC from 1962 to 1964.

CEO Compensation
  • Wing Yin's compensation has been consistent with company performance over the past year.
  • Wing Yin's remuneration is about average for companies of similar size in Hong Kong.
Management Team

Wing Yin Chan

TITLE
Chairman & CEO
COMPENSATION
HK$2M
AGE
69

Yung Chan

TITLE
VP & Executive Director
COMPENSATION
HK$1M
AGE
69

Yan Wing Chan

TITLE
VP & Executive Director
COMPENSATION
HK$4M
AGE
39

Hau Yin Lai

TITLE
CFO & Company Secretary
AGE
50
TENURE
5.2 yrs
Board of Directors Tenure

Average tenure and age of the Yan Tat Group Holdings board of directors in years:

4.5
Average Tenure
68
Average Age
  • The tenure for the Yan Tat Group Holdings board of directors is about average.
Board of Directors

Wing Yin Chan

TITLE
Chairman & CEO
COMPENSATION
HK$2M
AGE
69

Yung Chan

TITLE
VP & Executive Director
COMPENSATION
HK$1M
AGE
69
TENURE
4.8 yrs

Yan Wing Chan

TITLE
VP & Executive Director
COMPENSATION
HK$4M
AGE
39
TENURE
4.8 yrs

Yuk Ming Chung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$204K
AGE
70
TENURE
4.5 yrs

Felix Yau

TITLE
Independent Non-Executive Director
COMPENSATION
HK$204K
AGE
52
TENURE
4.5 yrs

Shun Chuen Lau

TITLE
Independent Non-Executive Director
COMPENSATION
HK$52K
AGE
68
TENURE
2.7 yrs

Yan Kwong Chan

TITLE
Non-Executive Director
COMPENSATION
HK$880K
AGE
40
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Yan Tat Group Holdings'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. Yan Tat Group Holdings 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

Those Who Purchased Yan Tat Group Holdings (HKG:1480) Shares Three Years Ago Have A 42% Loss To Show For It

While it may not be enough for some shareholders, we think it is good to see the Yan Tat Group Holdings Limited (HKG:1480) share price up 21% in a single quarter. … Although the share price is down over three years, Yan Tat Group Holdings actually managed to grow EPS by 11% per year in that time. … Shareholders have lost 17% per year over the last three years, so the share price drop has become steeper, over the last year; a potential symptom of as yet unsolved challenges.

Simply Wall St -

Why I Like Yan Tat Group Holdings Limited (HKG:1480)

Yan Tat Group Holdings Limited (HKG:1480) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … Below, I've touched on some key aspects you should know on a high level

Simply Wall St -

How Much is Yan Tat Group Holdings Limited's (HKG:1480) CEO Getting Paid?

Wing Chan is the CEO of Yan Tat Group Holdings Limited (HKG:1480). … Our data indicates that Yan Tat Group Holdings Limited is worth HK$326m, and total annual CEO compensation is HK$1.8m. … We took a group of companies with market capitalizations below HK$1.6b, and calculated the median CEO total compensation to be HK$1.5m.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Yan Tat Group Holdings Limited (HKG:1480)

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Yan Tat Group Holdings has a price to earnings ratio of 6.71, based on the last twelve months. … How Do I Calculate A Price To Earnings Ratio

Simply Wall St -

Does Yan Tat Group Holdings Limited (HKG:1480) Have A Volatile Share Price?

If you're interested in Yan Tat Group Holdings Limited (HKG:1480), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … 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 why Yan Tat Group Holdings Limited’s (HKG:1480) Returns On Capital Matters So Much

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. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Are Yan Tat Group Holdings Limited's (HKG:1480) Interest Costs Too High?

Yan Tat Group Holdings Limited (HKG:1480) is a small-cap stock with a market capitalization of HK$264m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

Does Yan Tat Group Holdings Limited (HKG:1480) Have A Good P/E Ratio?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Based on the last twelve months, Yan Tat Group Holdings's P/E ratio is 6.18. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Should Investors Know About Yan Tat Group Holdings Limited's (HKG:1480) Capital Returns?

and looking to gauge the potential return on investment in Yan Tat Group Holdings Limited (HKG:1480). … Therefore, looking at how efficiently Yan Tat Group Holdings is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

Does Yan Tat Group Holdings Limited's (HKG:1480) PE Ratio Signal A Selling Opportunity?

I am writing today to help inform people who are new to the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … While 1480 might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

Simply Wall St -

Company Info

Description

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. It is also involved in trading printed circuit boards; and property holding business. The company was founded in 1989 and is headquartered in Kwun Tong, Hong Kong. Yan Tat Group Holdings Limited is a subsidiary of Million Pearl Holdings Ltd.

Details
Name: Yan Tat Group Holdings Limited
1480
Exchange: SEHK
Founded: 1989
HK$302,400,000
240,000,000
Website: http://www.yantat.com
Address: Yan Tat Group Holdings Limited
Kwong Sang Hong Centre,
Room 809-810,
Kwun Tong,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1480 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 08. Dec 2014
Number of employees
Current staff
Staff numbers
986
Yan Tat Group Holdings employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 13:08
End of day share price update: 2019/05/17 00:00
Last earnings filing: 2019/04/23
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.