| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
2018 Overview
AAC Technologies Holdings Inc., an investment holding company, provides solutions to enhance user experience of smart mobile devices in Mainland China, Hong Kong SAR, Taiwan, other Asian countries, the United States, and Europe.
AAC Technologies Holdings Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$38.10 |
| 52 Week High | HK$37.80 |
| 52 Week Low | HK$60.00 |
| Beta | 1.19 |
| 1 Month Change | -9.61% |
| 3 Month Change | -34.25% |
| 1 Year Change | -8.30% |
| 3 Year Change | -53.14% |
| 5 Year Change | -51.12% |
| Change since IPO | 1,109.52% |
Recent News & Updates
Here's Why AAC Technologies Holdings (HKG:2018) Can Manage Its Debt Responsibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Here's What's Concerning About AAC Technologies Holdings' (HKG:2018) Returns On Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Calculating The Fair Value Of AAC Technologies Holdings Inc. (HKG:2018)
In this article we are going to estimate the intrinsic value of AAC Technologies Holdings Inc. ( HKG:2018 ) by...
What Does AAC Technologies Holdings Inc.'s (HKG:2018) Share Price Indicate?
AAC Technologies Holdings Inc. ( HKG:2018 ), is not the largest company out there, but it led the SEHK gainers with a...
Shareholder Returns
| 2018 | HK Electronic | HK Market | |
|---|---|---|---|
| 7D | -4.8% | -5.3% | -2.4% |
| 1Y | -8.3% | 38.1% | 9.1% |
Return vs Industry: 2018 underperformed the Hong Kong Electronic industry which returned 38.1% over the past year.
Return vs Market: 2018 underperformed the Hong Kong Market which returned 9.1% over the past year.
Price Volatility
| 2018 volatility | |
|---|---|
| 2018 Beta | 1.19 |
| Industry Beta | 0.98 |
| Market Beta | 1 |
Stable Share Price: 2018 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 2018's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | 41,165 | Benjamin Pan | https://www.aactechnologies.com |
AAC Technologies Holdings Inc., an investment holding company, provides solutions to enhance user experience of smart mobile devices in Mainland China, Hong Kong SAR, Taiwan, other Asian countries, the United States, and Europe. It operates through Dynamic Components, Electromagnetic Drives and Precision Mechanics, Optics Products, Micro Electro-Mechanical System Components, and Other Products segments. The company researches, develops, manufactures, and sells acoustic products, electronic components, tooling and precision components, and electronics related accessories and components; and offers electroplating services.
AAC Technologies Holdings Fundamentals Summary
| 2018 fundamental statistics | |
|---|---|
| Market Cap | CN¥38.24b |
| Earnings (TTM) | CN¥2.11b |
| Revenue (TTM) | CN¥17.91b |
18.1x
P/E Ratio2.1x
P/S RatioIs 2018 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 2018 income statement (TTM) | |
|---|---|
| Revenue | CN¥17.91b |
| Cost of Revenue | CN¥13.09b |
| Gross Profit | CN¥4.82b |
| Expenses | CN¥2.72b |
| Earnings | CN¥2.11b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.74 |
| Gross Margin | 26.93% |
| Net Profit Margin | 11.76% |
| Debt/Equity Ratio | 43.9% |
How did 2018 perform over the long term?
See historical performance and comparisonDividends
1.0%
Current Dividend Yield19%
Payout RatioValuation
Is AAC Technologies Holdings undervalued compared to its fair value and its price relative to the market?
18.15x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 2018 (HK$38.1) is trading above our estimate of fair value (HK$32.02)
Significantly Below Fair Value: 2018 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2018 is poor value based on its PE Ratio (18.1x) compared to the Hong Kong Electronic industry average (8.7x).
PE vs Market: 2018 is poor value based on its PE Ratio (18.1x) compared to the Hong Kong market (9.6x).
Price to Earnings Growth Ratio
PEG Ratio: 2018 is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: 2018 is overvalued based on its PB Ratio (1.8x) compared to the HK Electronic industry average (0.8x).
Future Growth
How is AAC Technologies Holdings forecast to perform in the next 1 to 3 years based on estimates from 32 analysts?
16.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2018's forecast earnings growth (16.5% per year) is above the savings rate (1.5%).
Earnings vs Market: 2018's earnings (16.5% per year) are forecast to grow slower than the Hong Kong market (17.1% per year).
High Growth Earnings: 2018's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2018's revenue (14% per year) is forecast to grow faster than the Hong Kong market (12.3% per year).
High Growth Revenue: 2018's revenue (14% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2018's Return on Equity is forecast to be low in 3 years time (11.8%).
Past Performance
How has AAC Technologies Holdings performed over the past 5 years?
-19.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2018 has high quality earnings.
Growing Profit Margin: 2018's current net profit margins (11.8%) are higher than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: 2018's earnings have declined by 19.6% per year over the past 5 years.
Accelerating Growth: 2018's earnings growth over the past year (18.8%) exceeds its 5-year average (-19.6% per year).
Earnings vs Industry: 2018 earnings growth over the past year (18.8%) underperformed the Electronic industry 50.5%.
Return on Equity
High ROE: 2018's Return on Equity (9.4%) is considered low.
Financial Health
How is AAC Technologies Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 2018's short term assets (CN¥18.1B) exceed its short term liabilities (CN¥9.0B).
Long Term Liabilities: 2018's short term assets (CN¥18.1B) exceed its long term liabilities (CN¥10.1B).
Debt to Equity History and Analysis
Debt Level: 2018's debt to equity ratio (43.9%) is considered high.
Reducing Debt: 2018's debt to equity ratio has increased from 19.8% to 43.9% over the past 5 years.
Debt Coverage: 2018's debt is well covered by operating cash flow (33.9%).
Interest Coverage: 2018's interest payments on its debt are well covered by EBIT (6.1x coverage).
Balance Sheet
Dividend
What is AAC Technologies Holdings's current dividend yield, its reliability and sustainability?
1.05%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2018's dividend (1.05%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.28%).
High Dividend: 2018's dividend (1.05%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.83%).
Stability and Growth of Payments
Stable Dividend: 2018 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.
Growing Dividend: 2018 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: 2018 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 2018's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Benjamin Pan (52 yo)
no data
Tenure
CN¥4,913,000
Compensation
Mr. Zhengmin Pan, also known as Benjamin, serves as Chief Executive Officer and Executive Director of AAC Technologies Holdings Inc. Mr. Pan co-founded AAC Technologies Group in 1993. He is responsible for...
CEO Compensation Analysis
Compensation vs Market: Benjamin's total compensation ($USD759.83K) is about average for companies of similar size in the Hong Kong market ($USD620.61K).
Compensation vs Earnings: Benjamin's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 2018's management team is considered experienced (2.8 years average tenure).
Board Members
Experienced Board: 2018's board of directors are considered experienced (3.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
AAC Technologies Holdings Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: AAC Technologies Holdings Inc.
- Ticker: 2018
- Exchange: SEHK
- Founded: 1993
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: HK$46.044b
- Shares outstanding: 1.21b
- Website: https://www.aactechnologies.com
Number of Employees
Location
- AAC Technologies Holdings Inc.
- Nanjing University Research Center
- Block A, Shenzhen Branch
- Shenzhen
- Guangdong Province
- 518057
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/25 10:03 |
| End of Day Share Price | 2021/09/24 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.