AAC Technologies Holdings
SEHK:2018
2018
SEHK
HK$66B
Market Cap
Company description
AAC Technologies Holdings Inc., an investment holding company, provides miniaturized technology components to the consumer electronics industry worldwide. The last earnings update was 5 days ago. More info.
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2018 Share Price and Events
7 Day Returns
5.8%
SEHK:2018
2.2%
HK Electronic
0.5%
HK Market
1 Year Returns
-53.8%
SEHK:2018
-22.5%
HK Electronic
-4.2%
HK Market
2018 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| AAC Technologies Holdings (2018) | 5.8% | 18.2% | 21.7% | -53.8% | -0.3% | 27.7% |
| HK Electronic | 2.2% | 6.8% | 18.7% | -22.5% | 25.8% | 46.8% |
| HK Market | 0.5% | 2.3% | 11.5% | -4.2% | 28.1% | 21.6% |
1 Year Return vs Industry and Market
- 2018 underperformed the Electronic industry which returned -22.5% over the past year.
- 2018 underperformed the Market in Hong Kong which returned -4.2% over the past year.
Value
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
AAC Technologies 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 AAC Technologies Holdings.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 28 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.6% |
| 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.
| 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 | 1.07 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.066 (1 + (1- 25%) (10.56%)) |
1.101 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.1 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.101 * 5.96%) |
8.56% |
Discounted Cash Flow Calculation for SEHK:2018 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for AAC Technologies 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.
| Levered FCF (CNY, Millions) | Source |
Present Value Discounted (@ 8.56%) |
|
|---|---|---|---|
| 2019 | 3,368.24 | Analyst x9 | 3,102.58 |
| 2020 | 3,307.96 | Analyst x12 | 2,806.73 |
| 2021 | 3,184.67 | Analyst x3 | 2,489.01 |
| 2022 | 3,119.08 | Est @ -2.06% | 2,245.48 |
| 2023 | 3,092.86 | Est @ -0.84% | 2,050.99 |
| 2024 | 3,093.25 | Est @ 0.01% | 1,889.46 |
| 2025 | 3,112.10 | Est @ 0.61% | 1,751.05 |
| 2026 | 3,144.08 | Est @ 1.03% | 1,629.52 |
| 2027 | 3,185.59 | Est @ 1.32% | 1,520.81 |
| 2028 | 3,234.17 | Est @ 1.53% | 1,422.23 |
| Present value of next 10 years cash flows | CN¥20,907.86 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CN¥3,234.17 × (1 + 2%) ÷ (8.56% – 2%) |
CN¥50,293.63 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CN¥50,293.63 ÷ (1 + 8.56%)10 |
CN¥22,116.64 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CN¥20,907.86 + CN¥22,116.64 |
CN¥43,024.50 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥43,024.50 / 1,212.50 |
CN¥35.48 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/HKD
(Reporting currency to currency of SEHK:2018) |
1.169 |
| Value per Share (HKD) |
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥35.48 x 1.169 |
HK$41.49 |
| Value per share (HKD) | From above. | HK$41.49 |
| Current discount | Discount to share price of
HK$54.90
= -1 x (HK$54.90 - HK$41.49) / HK$41.49 |
-32.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of AAC Technologies Holdings is above its future cash flow value.
Often investors are willing to pay a
premium
for a company that has a high dividend or the potential for future growth.
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 AAC Technologies Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
AAC Technologies Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CNY | CN¥3.11 |
| SEHK:2018 Share Price ** | SEHK (2019-04-23) in HKD | HK$54.9 |
| SEHK:2018 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.855 | CN¥46.95 |
| Hong Kong Electronic Industry PE Ratio | Median Figure of 60 Publicly-Listed Electronic Companies | 11.9x |
| Hong Kong Market PE Ratio | Median Figure of 1,473 Publicly-Listed Companies | 12.01x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of AAC Technologies Holdings.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:2018 Share Price ÷ EPS (both in CNY) = 46.95 ÷ 3.11 |
15.11x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- AAC Technologies Holdings is overvalued based on earnings compared to the HK Electronic industry average.
- AAC Technologies Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
AAC Technologies Holdings's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 15.11x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 28 Analysts |
6.8%per year |
| Hong Kong Electronic Industry PEG Ratio | Median Figure of 13 Publicly-Listed Electronic Companies | 0.57x |
| Hong Kong Market PEG Ratio | Median Figure of 463 Publicly-Listed Companies | 0.87x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 15.11x ÷ 6.8% |
2.22x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- AAC Technologies Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
AAC Technologies Holdings's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CNY | CN¥15.57 |
| SEHK:2018 Share Price * | SEHK (2019-04-23) in HKD | HK$54.9 |
| SEHK:2018 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.855 | CN¥46.95 |
| Hong Kong Electronic Industry PB Ratio | Median Figure of 84 Publicly-Listed Electronic Companies | 1.19x |
| Hong Kong Market PB Ratio | Median Figure of 2,149 Publicly-Listed Companies | 1.03x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:2018 Share Price ÷ Book Value per Share (both in CNY) = 46.95 ÷ 15.57 |
3.02x |
* Primary Listing of AAC Technologies Holdings.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- AAC Technologies Holdings is overvalued based on assets compared to the HK Electronic industry average.
X
Value checks
We assess AAC Technologies Holdings's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) AAC Technologies Holdings has a total score of 0/6, 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
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!
6.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
AAC Technologies Holdings
expected to grow at an
attractive
rate?
- AAC Technologies Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- AAC Technologies Holdings's earnings growth is positive but not above the Hong Kong market average.
- AAC Technologies Holdings's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:2018 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 28 Analysts | 6.8% |
| SEHK:2018 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 28 Analysts | 4.6% |
| Hong Kong Electronic Industry Earnings Growth Rate | Market Cap Weighted Average | 17.7% |
| Hong Kong Electronic Industry Revenue Growth Rate | Market Cap Weighted Average | 11.8% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.8% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 11.2% |
*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
All numbers in CNY Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 28 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 20,726 | 6,346 | 4,648 | 9 |
| 2020-12-31 | 19,446 | 6,130 | 4,044 | 28 |
| 2019-12-31 | 16,853 | 5,533 | 3,211 | 24 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 18,131 | 6,789 | 3,796 |
| 2018-09-30 | 20,444 | 4,584 | |
| 2018-06-30 | 20,899 | 6,760 | 4,976 |
| 2018-03-31 | 21,542 | 5,389 | |
| 2017-12-31 | 21,119 | 5,287 | 5,325 |
| 2017-09-30 | 19,704 | 5,063 | |
| 2017-06-30 | 18,588 | 5,381 | 4,798 |
| 2017-03-31 | 17,177 | 4,469 | |
| 2016-12-31 | 15,507 | 4,812 | 4,026 |
| 2016-09-30 | 13,619 | 3,466 | |
| 2016-06-30 | 12,596 | 3,782 | 3,216 |
| 2016-03-31 | 11,979 | 3,119 |
*GAAP earnings excluding extraordinary items.
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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 28 Analyst Estimates (S&P Global) | See Below |
All data from AAC Technologies Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 3.65 | 4.69 | 2.55 | 7.00 |
| 2020-12-31 | 3.17 | 5.57 | 2.11 | 23.00 |
| 2019-12-31 | 2.61 | 3.14 | 2.08 | 23.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2018-12-31 | 3.11 |
| 2018-09-30 | 3.75 |
| 2018-06-30 | 4.07 |
| 2018-03-31 | 4.40 |
| 2017-12-31 | 4.35 |
| 2017-09-30 | 4.13 |
| 2017-06-30 | 3.91 |
| 2017-03-31 | 3.64 |
| 2016-12-31 | 3.28 |
| 2016-09-30 | 2.82 |
| 2016-06-30 | 2.62 |
| 2016-03-31 | 2.54 |
*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.
- AAC Technologies Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
AAC Technologies 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.
Future performance checks
We assess AAC Technologies Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
AAC Technologies 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 AAC Technologies 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
AAC Technologies 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.
- AAC Technologies Holdings's year on year earnings growth rate has been positive over the past 5 years.
- AAC Technologies Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- AAC Technologies Holdings's 1-year earnings growth is negative, it can't be compared to the HK Electronic industry average.
Earnings and Revenue History
AAC Technologies 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 AAC Technologies Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 18,131.15 | 3,795.89 | 936.48 | 1,512.16 |
| 2018-09-30 | 20,444.05 | 4,583.63 | 975.23 | 1,643.89 |
| 2018-06-30 | 20,898.68 | 4,976.18 | 1,016.21 | 1,658.01 |
| 2018-03-31 | 21,541.82 | 5,388.78 | 1,000.40 | 1,688.63 |
| 2017-12-31 | 21,118.57 | 5,324.58 | 975.19 | 1,663.67 |
| 2017-09-30 | 19,704.42 | 5,063.30 | 873.29 | 1,483.06 |
| 2017-06-30 | 18,587.54 | 4,797.71 | 813.80 | 1,403.52 |
| 2017-03-31 | 17,177.15 | 4,468.51 | 794.38 | 1,275.70 |
| 2016-12-31 | 15,506.83 | 4,025.67 | 763.25 | 1,165.67 |
| 2016-09-30 | 13,618.51 | 3,465.74 | 805.38 | 1,101.11 |
| 2016-06-30 | 12,595.64 | 3,216.08 | 846.56 | 975.26 |
| 2016-03-31 | 11,978.90 | 3,119.41 | 809.76 | 903.38 |
| 2015-12-31 | 11,738.87 | 3,106.90 | 799.63 | 858.97 |
| 2015-09-30 | 10,989.50 | 2,884.47 | 733.41 | 793.31 |
| 2015-06-30 | 9,870.06 | 2,583.55 | 597.11 | 749.18 |
| 2015-03-31 | 9,330.00 | 2,436.92 | 585.83 | 709.60 |
| 2014-12-31 | 8,879.30 | 2,317.70 | 536.56 | 656.18 |
| 2014-09-30 | 7,962.36 | 2,133.67 | 491.67 | 572.87 |
| 2014-06-30 | 7,981.23 | 2,481.95 | 495.62 | 549.24 |
| 2014-03-31 | 8,045.34 | 2,530.74 | 493.81 | 533.80 |
| 2013-12-31 | 8,095.89 | 2,577.58 | 530.48 | 552.64 |
| 2013-09-30 | 7,910.56 | 2,542.55 | 561.70 | 568.62 |
| 2013-06-30 | 7,524.46 | 2,117.72 | 551.72 | 553.07 |
| 2013-03-31 | 6,995.08 | 1,982.33 | 514.78 | 512.41 |
| 2012-12-31 | 6,282.95 | 1,762.63 | 463.74 | 461.57 |
| 2012-09-30 | 5,418.57 | 1,458.21 | 359.04 | 435.67 |
| 2012-06-30 | 4,766.74 | 1,247.23 | 313.40 | 409.26 |
*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.
- AAC Technologies Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- AAC Technologies Holdings used its assets more efficiently than the HK Electronic industry average last year based on Return on Assets.
- AAC Technologies Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
AAC Technologies Holdings 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.
Past performance checks
We assess AAC Technologies Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
AAC Technologies Holdings 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.
Health
How is AAC Technologies 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 AAC Technologies Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
- AAC Technologies Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- AAC Technologies Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
AAC Technologies 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 2x 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 AAC Technologies Holdings Company Filings, last reported 3 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 18,934.10 | 5,921.36 | 4,148.92 |
| 2018-09-30 | 17,615.85 | 5,974.20 | 3,232.00 |
| 2018-06-30 | 17,615.85 | 5,974.20 | 3,232.00 |
| 2018-03-31 | 17,550.94 | 6,289.91 | 4,034.08 |
| 2017-12-31 | 17,550.94 | 6,289.91 | 4,034.08 |
| 2017-09-30 | |||
| 2017-06-30 | 14,985.29 | 4,768.37 | 3,088.12 |
| 2017-03-31 | 14,214.80 | 4,092.78 | 3,864.39 |
| 2016-12-31 | 14,214.80 | 4,092.78 | 3,864.39 |
| 2016-09-30 | |||
| 2016-06-30 | 11,731.25 | 2,320.59 | 1,329.89 |
| 2016-03-31 | 11,354.08 | 1,807.90 | 2,223.86 |
| 2015-12-31 | 11,354.08 | 1,807.90 | 2,223.86 |
| 2015-09-30 | |||
| 2015-06-30 | 9,704.78 | 1,449.54 | 1,548.82 |
| 2015-03-31 | 9,191.64 | 1,429.27 | 1,602.69 |
| 2014-12-31 | 9,191.64 | 1,429.27 | 1,602.69 |
| 2014-09-30 | |||
| 2014-06-30 | 8,113.83 | 945.36 | 1,872.17 |
| 2014-03-31 | 7,931.79 | 922.56 | 2,354.31 |
| 2013-12-31 | 7,931.79 | 922.56 | 2,354.31 |
| 2013-09-30 | |||
| 2013-06-30 | 6,671.63 | 911.15 | 1,907.36 |
| 2013-03-31 | 6,130.08 | 1,034.88 | 1,313.96 |
| 2012-12-31 | 6,130.08 | 1,034.88 | 1,313.96 |
| 2012-09-30 | |||
| 2012-06-30 | 5,298.74 | 1,003.30 | 1,211.07 |
- AAC Technologies Holdings's level of debt (31.3%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (11.6% vs 31.3% today).
- Debt is well covered by operating cash flow (114.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 23.7x coverage).
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess AAC Technologies Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) AAC Technologies Holdings has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 AAC Technologies 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
2.6%
Current annual income from
AAC Technologies Holdings
dividends.
Estimated to be
2.62%
next year.
If you bought
HK$2,000 of
AAC Technologies Holdings
shares you are expected to receive
HK$52
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?
- AAC Technologies Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (1.94%).
- AAC Technologies Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.34%).
Upcoming dividend payment
Purchase AAC Technologies 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.
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
| 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 28 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Electronic Industry Average Dividend Yield | Market Cap Weighted Average of 40 Stocks | 2.5% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 965 Stocks | 3.4% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 1.9% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.3% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 1.52 | 6.00 |
| 2020-12-31 | 1.25 | 24.00 |
| 2019-12-31 | 1.15 | 25.00 |
| Date (Data in CN¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-22 | 1.219 | 2.861 |
| 2018-08-22 | 1.788 | 3.752 |
| 2018-03-27 | 1.677 | 1.887 |
| 2017-08-25 | 1.255 | 1.078 |
| 2017-03-22 | 1.248 | 1.445 |
| 2016-04-18 | 1.000 | 1.673 |
| 2016-03-23 | 0.999 | 2.064 |
| 2015-08-24 | 0.783 | 1.922 |
| 2015-05-18 | 0.767 | 2.251 |
| 2014-04-11 | 0.851 | 2.324 |
| 2014-03-25 | 0.863 | 2.700 |
| 2013-04-12 | 0.551 | 1.946 |
| 2013-03-26 | 0.565 | 1.917 |
| 2012-08-24 | 0.320 | 1.389 |
| 2012-04-13 | 0.337 | 1.771 |
| 2012-03-30 | 0.337 | 1.793 |
| 2011-04-14 | 0.307 | 2.086 |
| 2011-03-30 | 0.319 | 1.822 |
| 2010-04-26 | 0.200 | 1.479 |
| 2010-03-29 | 0.200 | 1.710 |
| 2009-11-09 | 0.127 | 1.166 |
| 2009-09-11 | 0.127 | 1.601 |
| 2009-04-24 | 0.096 | 1.812 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
AAC Technologies Holdings's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.5x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess AAC Technologies Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can AAC Technologies Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) AAC Technologies Holdings has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
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
Benjamin
Pan
| COMPENSATION | CN¥4,595,000 |
| AGE | 49 |
CEO Bio
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 providing strategic direction and leadership and for developing and implementing AAC Technologies Group's strategic objectives and business plans. Specifically, he is responsible for overseeing the coordination between sales and marketing, research and development, manufacturing and other functions including quality assurance, finance and human resources. Mr. Pan has been instrumental in spearheading AAC Technologies Group's expansion outside the PRC. In addition to his experience in sales and marketing, manufacturing and management, he has also been instrumental in leading AAC Technologies Holdings Inc.'s research and development strategy and developed a number of patents used in the design and manufacturing of AAC Technologies Holdings Inc.'s polyphonic speakers, miniature receivers, transducers and ECM microphones. He is also a Senior Advisor of Yunqi Partners. In 1996, he co-founded and was appointed President and Chief Executive Officer of American Audio Component Inc. (AAC U.S.) Mr. Pan co-founded Electronics Corporation in 1998 and American Audio Components (Changzhou) Co., Ltd. in 2000. Mr. Pan graduated from Jiangsu Province Wujin Teacher School in 1987.
CEO Compensation
- Benjamin's compensation has been consistent with company performance over the past year.
- Benjamin's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team
Benjamin Pan
TITLE
Co-Founder
COMPENSATION
CN¥5M
AGE
49
Richard Mok
TITLE
Executive Director
COMPENSATION
CN¥14M
AGE
54
Jack Duan
TITLE
Chief Operating Officer
AGE
45
TENURE
4.5 yrs
Catherine Ye
TITLE
Human Resources & Administrational Director
AGE
46
Eddie Kung
TITLE
Head of Investor Relations
David Plekenpol
TITLE
Chief Strategy Officer
AGE
58
TENURE
9.2 yrs
Tai On Lo
TITLE
Company Secretary
AGE
64
Board of Directors Tenure
Average tenure and age of the AAC Technologies Holdings board of directors in years:
9.5
Average Tenure
60
Average Age
- The tenure for the AAC Technologies Holdings board of directors is about average.
Board of Directors
Boon Hwee Koh
TITLE
Chairman of the Board
COMPENSATION
CN¥933K
AGE
67
Benjamin Pan
TITLE
Co-Founder
COMPENSATION
CN¥5M
AGE
49
TENURE
15.3 yrs
Richard Mok
TITLE
Executive Director
COMPENSATION
CN¥14M
AGE
54
TENURE
14 yrs
Bian Tan
TITLE
Independent Non Executive Director
COMPENSATION
CN¥377K
AGE
71
TENURE
9.6 yrs
Joseph Poon
TITLE
Independent Non-Executive Director
COMPENSATION
CN¥599K
AGE
63
TENURE
9.5 yrs
Albert Au
TITLE
Independent Non-Executive Director
AGE
66
TENURE
1.2 yrs
Ingrid Wu
TITLE
Non-Executive Director
COMPENSATION
CN¥445K
AGE
47
TENURE
15.3 yrs
Larry Kwok
TITLE
Independent Non-Executive Director
AGE
62
TENURE
1.2 yrs
Zhiyuan Peng
TITLE
Independent Non Executive Director
AGE
45
TENURE
0.3 yrs
Hongjiang Zhang
TITLE
Independent Non Executive Director
AGE
58
TENURE
0.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17. Apr 19 | Sell | Capital Research and Management Company | Company | 15. Apr 19 | 15. Apr 19 | -4,733,253 | HK$53.04 | HK$-251,057,875 | ||
| 12. Apr 19 | Sell | Capital Group International Inc. | Company | 10. Apr 19 | 10. Apr 19 | -14,500 | HK$52.49 | HK$-761,112 | ||
| 12. Apr 19 | Sell | Capital Research and Management Company | Company | 10. Apr 19 | 10. Apr 19 | -13,341,000 | HK$52.49 | HK$-700,275,777 | ||
| 11. Apr 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 10. Apr 19 | 10. Apr 19 | 391,598 | HK$50.65 | HK$19,834,868 | ||
| 11. Apr 19 | Sell | Capital Research and Management Company | Company | 09. Apr 19 | 09. Apr 19 | -12,724,000 | HK$52.80 | HK$-671,795,394 | ||
| 06. Apr 19 | Sell | Capital Research and Management Company | Company | 04. Apr 19 | 04. Apr 19 | -4,355,000 | HK$50.26 | HK$-218,872,271 | ||
| 03. Apr 19 | Sell | Capital Research and Management Company | Company | 01. Apr 19 | 01. Apr 19 | -3,033,000 | HK$47.78 | HK$-144,916,144 | ||
| 29. Mar 19 | Sell | Capital Research and Management Company | Company | 27. Mar 19 | 27. Mar 19 | -2,803,335 | HK$46.45 | HK$-130,202,014 | ||
| 29. Mar 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 26. Mar 19 | 26. Mar 19 | -1,702,936 | HK$47.58 | HK$-81,018,378 | ||
| 27. Mar 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 22. Mar 19 | 22. Mar 19 | 2,007,209 | HK$45.98 | HK$92,287,055 | ||
| 27. Mar 19 | Sell | Capital Research and Management Company | Company | 25. Mar 19 | 25. Mar 19 | -9,155,500 | HK$48.60 | HK$-444,943,559 | ||
| 22. Mar 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 19. Mar 19 | 19. Mar 19 | -1,881,215 | HK$45.43 | HK$-85,455,883 | ||
| 22. Mar 19 | Sell | Capital Research and Management Company | Company | 20. Mar 19 | 20. Mar 19 | -1,426,000 | HK$44.98 | HK$-64,146,470 | ||
| 20. Mar 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 15. Mar 19 | 15. Mar 19 | 1,760,050 | HK$45.46 | HK$80,005,184 | ||
| 18. Mar 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 13. Mar 19 | 13. Mar 19 | -2,574,676 | HK$46.76 | HK$-120,383,356 | ||
| 13. Mar 19 | Sell | Capital Research and Management Company | Company | 11. Mar 19 | 11. Mar 19 | -2,673,500 | HK$47.17 | HK$-126,106,064 | ||
| 12. Mar 19 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 07. Mar 19 | 07. Mar 19 | 1,798,446 | HK$49.80 | HK$89,558,288 | ||
| 12. Mar 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 07. Mar 19 | 07. Mar 19 | -5,658 | HK$49.80 | HK$-281,755 | ||
| 12. Mar 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 07. Mar 19 | 07. Mar 19 | 5,658 | HK$49.80 | HK$281,755 | ||
| 12. Mar 19 | Sell | Highbridge Capital Management, LLC | Company | 07. Mar 19 | 07. Mar 19 | -42,500 | HK$49.80 | HK$-2,116,398 | ||
| 12. Mar 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 07. Mar 19 | 07. Mar 19 | 396 | HK$49.80 | HK$19,720 | ||
| 11. Mar 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 06. Mar 19 | 06. Mar 19 | -1,504,324 | HK$51.08 | HK$-76,840,271 | ||
| 01. Mar 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 26. Feb 19 | 26. Feb 19 | -3,667,141 | HK$52.10 | HK$-191,074,911 | ||
| 14. Feb 19 | Sell | Capital Research and Management Company | Company | 12. Feb 19 | 12. Feb 19 | -1,858,571 | HK$50.25 | HK$-93,398,953 | ||
| 04. Feb 19 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 31. Jan 19 | 31. Jan 19 | -6,428,625 | HK$48.32 | HK$-310,638,222 | ||
| 04. Feb 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 31. Jan 19 | 31. Jan 19 | -132,000 | HK$48.32 | HK$-6,378,385 | ||
| 04. Feb 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 31. Jan 19 | 31. Jan 19 | 175,532 | HK$48.32 | HK$8,481,899 | ||
| 04. Feb 19 | Sell | China International Fund Management Company Limited | Company | 31. Jan 19 | 31. Jan 19 | -40,000 | HK$48.32 | HK$-1,932,844 | ||
| 04. Feb 19 | Sell | Highbridge Capital Management, LLC | Company | 31. Jan 19 | 31. Jan 19 | -50,000 | HK$48.32 | HK$-2,416,055 | ||
| 04. Feb 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 31. Jan 19 | 31. Jan 19 | 20,000 | HK$48.32 | HK$966,422 | ||
| 04. Feb 19 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 30. Jan 19 | 30. Jan 19 | 4,903,412 | HK$47.87 | HK$234,722,417 | ||
| 04. Feb 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 30. Jan 19 | 30. Jan 19 | -14,500 | HK$47.87 | HK$-694,103 | ||
| 04. Feb 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 30. Jan 19 | 30. Jan 19 | 14,500 | HK$47.87 | HK$694,103 | ||
| 04. Feb 19 | Buy | Highbridge Capital Management, LLC | Company | 30. Jan 19 | 30. Jan 19 | 35,000 | HK$47.87 | HK$1,675,422 | ||
| 04. Feb 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 30. Jan 19 | 30. Jan 19 | 21,500 | HK$47.87 | HK$1,029,188 | ||
| 01. Feb 19 | Sell | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 29. Jan 19 | 29. Jan 19 | -900 | HK$48.25 | HK$-43,429 | ||
| 01. Feb 19 | Buy | JPMorgan Chase & Co, Brokerage and Securities Investments | Company | 29. Jan 19 | 29. Jan 19 | 626,939 | HK$48.25 | HK$30,252,315 | ||
| 01. Feb 19 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 29. Jan 19 | 29. Jan 19 | -7,991,931 | HK$48.25 | HK$-385,642,640 | ||
| 01. Feb 19 | Sell | Highbridge Capital Management, LLC | Company | 29. Jan 19 | 29. Jan 19 | -25,000 | HK$48.25 | HK$-1,206,350 | ||
| 01. Feb 19 | Buy | J.P. Morgan Asset Management, Inc. | Company | 29. Jan 19 | 29. Jan 19 | 18,500 | HK$48.25 | HK$892,699 | ||
| 31. Jan 19 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 28. Jan 19 | 28. Jan 19 | 8,519,680 | HK$48.14 | HK$410,121,237 | ||
| 23. Jan 19 | Sell | Capital Research and Management Company | Company | 18. Jan 19 | 18. Jan 19 | -2,519,500 | HK$47.52 | HK$-119,733,690 | ||
| 21. Dec 18 | Sell | Capital Research and Management Company | Company | 19. Dec 18 | 19. Dec 18 | -425,500 | HK$47.06 | HK$-20,022,499 | ||
| 06. Dec 18 | Sell | Capital Research and Management Company | Company | 04. Dec 18 | 04. Dec 18 | -2,018,100 | HK$57.18 | HK$-115,401,009 | ||
| 13. Nov 18 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 08. Nov 18 | 08. Nov 18 | 3,159,885 | HK$57.17 | HK$180,663,584 | ||
| 31. Oct 18 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 26. Oct 18 | 26. Oct 18 | -3,500,967 | HK$56.91 | HK$-199,245,634 | ||
| 26. Oct 18 | Buy | Capital Research and Management Company | Company | 24. Oct 18 | 24. Oct 18 | 3,084,000 | HK$63.80 | HK$196,759,196 | ||
| 12. Oct 18 | Sell | Capital Research and Management Company | Company | 10. Oct 18 | 10. Oct 18 | -755,000 | HK$77.10 | HK$-58,210,503 | ||
| 09. Oct 18 | Buy | Capital Research and Management Company | Company | 08. Oct 18 | 08. Oct 18 | 697,000 | HK$76.42 | HK$53,264,950 | ||
| 07. Sep 18 | Buy | Capital Research and Management Company | Company | 05. Sep 18 | 05. Sep 18 | 1,023,500 | HK$86.29 | HK$88,320,989 | ||
| 03. Sep 18 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 29. Aug 18 | 29. Aug 18 | 407,732 | HK$85.80 | HK$34,984,263 | ||
| 29. Aug 18 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 24. Aug 18 | 24. Aug 18 | 2,760,434 | HK$82.46 | HK$227,632,020 | ||
| 27. Aug 18 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 22. Aug 18 | 22. Aug 18 | 4,363,925 | HK$83.43 | HK$364,070,035 | ||
| 24. Aug 18 | Buy | Capital Research and Management Company | Company | 22. Aug 18 | 22. Aug 18 | 8,595,000 | HK$88.35 | HK$759,368,283 | ||
| 17. Aug 18 | Buy | Capital Research and Management Company | Company | 15. Aug 18 | 15. Aug 18 | 2,049,637 | HK$84.62 | HK$173,440,082 | ||
| 03. Aug 18 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 31. Jul 18 | 31. Jul 18 | 608,657 | HK$99.64 | HK$60,647,983 | ||
| 07. Aug 18 | Sell | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 02. Aug 18 | 02. Aug 18 | -6,462,918 | HK$94.89 | HK$-613,256,576 | ||
| 27. Jul 18 | Buy | Capital Research and Management Company | Company | 26. Jul 18 | 26. Jul 18 | 2,592,500 | HK$99.94 | HK$259,106,634 | ||
| 13. Jun 18 | Buy | JPMorgan Chase & Co, Private Banking and Investment Banking Investments | Company | 08. Jun 18 | 08. Jun 18 | 320,439 | HK$128.08 | HK$41,040,225 | ||
| 07. Jul 18 | Buy | Capital Research and Management Company | Company | 05. Jul 18 | 05. Jul 18 | 3,517,000 | HK$104.80 | HK$368,575,281 | ||
| 28. Jun 18 | Buy | Capital Research and Management Company | Company | 26. Jun 18 | 26. Jun 18 | 2,442,000 | HK$109.31 | HK$266,935,508 | ||
X
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.
Management checks
We assess AAC Technologies Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) AAC Technologies 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
Will AAC Technologies Holdings Inc.'s (HKG:2018) Earnings Grow Over The Next Year?
(HKG:2018) announced its earnings update. … analyst consensus outlook appear cautiously subdued, … with earnings expected to grow by -15% in the upcoming year
Simply Wall St - – Full articleAAC Technologies Holdings Inc. (HKG:2018) Delivered A Better ROE Than Its Industry
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows AAC Technologies Holdings has a return on equity of 20% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIntroducing AAC Technologies Holdings (HKG:2018), The Stock That Slid 66% In The Last Year
To wit the share price is down 66% in that time. … To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
Simply Wall St - – Full articleThese Fundamentals Make AAC Technologies Holdings Inc. (HKG:2018) Truly Worth Looking At
Upon building up an investment case for a stock, we should look at various aspects. … that has been able to sustain great financial health over the past … For those interested in understanding where the figures come from and want to see the analysis,
Simply Wall St - – Full articleIs AAC Technologies Holdings Inc.'s (HKG:2018) CEO Pay Fair?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Benjamin Pan's Compensation Compare With Similar Sized Companies. … Notably, the salary of CN¥4.6m is the vast majority of the CEO compensation
Simply Wall St - – Full articleWhy You Should Like AAC Technologies Holdings Inc.’s (HKG:2018) ROCE
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleConsider These Factors, Then Buy AAC Technologies Holdings Inc. (HKG:2018)
I'm talking about the well-proven, robust track record AAC Technologies Holdings Inc.. … View our latest analysis for AAC Technologies Holdings. … AAC Technologies Holdings Inc., an investment holding company, provides miniaturized technology components to the consumer electronics industry worldwide
Simply Wall St - – Full articleCan We See Significant Insider Ownership On The AAC Technologies Holdings Inc. (HKG:2018) Share Register?
AAC Technologies Holdings is a pretty big company. … Our analysis of the ownership of the company, below, shows that. … See our latest analysis for AAC Technologies Holdings
Simply Wall St - – Full articleIs AAC Technologies Holdings Inc. (HKG:2018) A Cash Cow?
(HKG:2018) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … Today we will examine AAC Technologies Holdings’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Free cash flow (FCF) is the amount of cash AAC Technologies Holdings has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.
Simply Wall St - – Full articleHere's What AAC Technologies Holdings Inc.'s (HKG:2018) P/E Is Telling Us
We'll look at AAC Technologies Holdings Inc.'s (HKG:2018) P/E ratio and reflect on what it tells us about the company's share price. … How Do I Calculate AAC Technologies Holdings's Price To Earnings Ratio … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCompany Info
Description
AAC Technologies Holdings Inc., an investment holding company, provides miniaturized technology components to the consumer electronics industry worldwide. The company operates through Dynamic Components, electromagnetic drives and precision components, Micro Electro-Mechanical System Components, and Other Products segments. It researches, develops, manufactures, and sells acoustic products, electronic components, tooling and precision components, and electronics related accessories and components; and offers electroplating services. Its products include miniature speaker modules, receivers, and speakers; optics, RF antennas traditional microphones, and headsets; and LDS antenna. The company’s products are used in smartphones. The company was formerly known as AAC Acoustic Technologies Holdings Inc. and changed its name to AAC Technologies Holdings Inc. in May 2011. AAC Technologies Holdings Inc. was founded in 1993 and is headquartered in Shenzhen, China.
Details
| Name: | AAC Technologies Holdings Inc. |
| 2018 | |
| Exchange: | SEHK |
| Founded: | 1993 |
| HK$65,596,250,000 | |
| 1,212,500,000 | |
| Website: | http://www.aactechnologies.com |
| Address: |
AAC Technologies Holdings Inc. Nanjing University Research Centre Shenzhen Branch, Block A, Shenzhen, Guangdong Province, 518057, China |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 2018 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 09. Aug 2005 | |
| OTCPK | AACA.F | Ordinary Shares | Pink Sheets LLC | US | USD | 09. Aug 2005 | |
| DB | A2XN | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 09. Aug 2005 | |
| SHSC | 2018 | Ordinary Shares | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 09. Aug 2005 | |
| SZSC | 2018 | Ordinary Shares | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 09. Aug 2005 | |
| OTCPK | AACA.Y | UNSPONSORED ADR | Pink Sheets LLC | US | USD | 15. Oct 2008 |
Number of employees
Current staff
35,995
AAC Technologies Holdings
employees.
Industry
| Electronic Manufacturing Services | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/23 12:43 |
| End of day share price update: | 2019/04/23 00:00 |
| Last estimates confirmation: | 2019/04/22 |
| Last earnings filing: | 2019/04/18 |
| 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.
