2166 Stock Overview
Smart-Core Holdings Limited, an investment holding company, engages in the distribution of integrated circuits and other electronic components in the People’s Republic of China, Singapore, and internationally.
Smart-Core Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$1.76|
|52 Week High||HK$2.19|
|52 Week Low||HK$1.10|
|1 Month Change||12.82%|
|3 Month Change||38.58%|
|1 Year Change||19.73%|
|3 Year Change||28.47%|
|5 Year Change||-3.82%|
|Change since IPO||-2.22%|
Recent News & Updates
Smart-Core Holdings (HKG:2166) Has Announced That It Will Be Increasing Its Dividend To HK$0.08
Smart-Core Holdings Limited's ( HKG:2166 ) dividend will be increasing to HK$0.08 on 24th of June. This will take the...
|2166||HK Electronic||HK Market|
Return vs Industry: 2166 exceeded the Hong Kong Electronic industry which returned -42.2% over the past year.
Return vs Market: 2166 exceeded the Hong Kong Market which returned -23.3% over the past year.
|2166 Average Weekly Movement||6.5%|
|Electronic Industry Average Movement||6.5%|
|Market Average Movement||7.0%|
|10% most volatile stocks in HK Market||13.8%|
|10% least volatile stocks in HK Market||3.3%|
Stable Share Price: 2166 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 2166's weekly volatility (6%) has been stable over the past year.
About the Company
Smart-Core Holdings Limited, an investment holding company, engages in the distribution of integrated circuits and other electronic components in the People’s Republic of China, Singapore, and internationally. The company operates through Authorised Distribution and Independent Distribution segments. Its products are used in various applications, such as television products, smart terminals, memory products, optoelectronic displays, communication, security monitoring, Internet of Things, optical communication, etc. The company also engages in the provision of technical solutions and support services; e-commerce platform business; and the manufacture of optical communication chips.
Smart-Core Holdings Fundamentals Summary
|2166 fundamental statistics|
Is 2166 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2166 income statement (TTM)|
|Cost of Revenue||HK$9.40b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.44|
|Net Profit Margin||2.06%|
How did 2166 perform over the long term?See historical performance and comparison
9.1%Current Dividend Yield
Is 2166 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2166?
Other financial metrics that can be useful for relative valuation.
|What is 2166's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2166's PE Ratio compare to its peers?
|2166 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: 2166 is good value based on its Price-To-Earnings Ratio (4x) compared to the peer average (10.2x).
Price to Earnings Ratio vs Industry
How does 2166's PE Ratio compare vs other companies in the Hong Kong Electronic Industry?
Price-To-Earnings vs Industry: 2166 is good value based on its Price-To-Earnings Ratio (4x) compared to the Hong Kong Electronic industry average (7x)
Price to Earnings Ratio vs Fair Ratio
What is 2166's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||4x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2166's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 2166 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2166 (HK$1.76) is trading below our estimate of fair value (HK$2.63)
Significantly Below Fair Value: 2166 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2166's PEG Ratio to determine if it is good value.
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How is Smart-Core Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Smart-Core Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine whether Smart-Core Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Smart-Core Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
How has Smart-Core Holdings performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2166 has a high level of non-cash earnings.
Growing Profit Margin: 2166's current net profit margins (2.1%) are higher than last year (1.3%).
Past Earnings Growth Analysis
Earnings Trend: 2166's earnings have grown by 15.9% per year over the past 5 years.
Accelerating Growth: 2166's earnings growth over the past year (201.5%) exceeds its 5-year average (15.9% per year).
Earnings vs Industry: 2166 earnings growth over the past year (201.5%) exceeded the Electronic industry 19.6%.
Return on Equity
High ROE: Whilst 2166's Return on Equity (37.58%) is high, this metric is skewed due to their high level of debt.
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How is Smart-Core Holdings's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2166's short term assets (HK$3.4B) exceed its short term liabilities (HK$2.6B).
Long Term Liabilities: 2166's short term assets (HK$3.4B) exceed its long term liabilities (HK$24.7M).
Debt to Equity History and Analysis
Debt Level: 2166's net debt to equity ratio (121.5%) is considered high.
Reducing Debt: 2166's debt to equity ratio has increased from 39.4% to 157.5% over the past 5 years.
Debt Coverage: 2166's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2166's interest payments on its debt are well covered by EBIT (9.9x coverage).
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What is Smart-Core Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2166's dividend (9.09%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.76%).
High Dividend: 2166's dividend (9.09%) is in the top 25% of dividend payers in the Hong Kong market (7.89%)
Stability and Growth of Payments
Stable Dividend: 2166 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2166's dividend payments have increased, but the company has only paid a dividend for 5 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.4%), 2166's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 2166 is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Weidong Tian (55 yo)
Mr. Weidong Tian is a Founder, Chairman and Chief Executive Officer at Smart-Core Holdings Limited and has been its Executive Director since October 22, 2015. Mr. Tian has been leading Smart-Core and is re...
CEO Compensation Analysis
Compensation vs Market: Weidong's total compensation ($USD238.24K) is about average for companies of similar size in the Hong Kong market ($USD232.99K).
Compensation vs Earnings: Weidong's compensation has been consistent with company performance over the past year.
Experienced Board: 2166's board of directors are considered experienced (6.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Smart-Core Holdings Limited's employee growth, exchange listings and data sources
- Name: Smart-Core Holdings Limited
- Ticker: 2166
- Exchange: SEHK
- Founded: 2005
- Industry: Technology Distributors
- Sector: Tech
- Implied Market Cap: HK$860.079m
- Shares outstanding: 488.68m
- Website: https://www.smart-core.com.hk
Number of Employees
- Smart-Core Holdings Limited
- Tower B
- 15th Floor
- Kwai Chung
- New Territories
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/24 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.