Smart-Core Holdings
Smart-Core Holdings Limited, an investment holding company, engages in the trading of integrated circuits and other electronic components in the People’s Republic of China. The last earnings update was 25 days ago. More info.
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2166 Share Price and Events
7 Day Returns
1 Year Returns
2166 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Smart-Core Holdings (2166) | -1.7% | -2.3% | -7.5% | 12.4% | - | - |
| HK Electronic | -7.4% | -18.5% | -13.1% | -40.2% | 4.1% | 20.9% |
| HK Market | -2.5% | -8.6% | -3.6% | -15.9% | 25.4% | 7.8% |
1 Year Return vs Industry and Market
- 2166 outperformed the Electronic industry which returned -40.2% over the past year.
- 2166 outperformed the Market in Hong Kong which returned -15.9% over the past year.
2166 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
Smart-Core 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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Smart-Core Holdings.
| 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 | 9.1% |
| 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 | 6.7% |
| Electronic Unlevered Beta | Simply Wall St/ S&P Global | 1.05 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.046 (1 + (1- 25%) (6.79%)) |
1.066 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.07 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.066 * 6.65%) |
9.09% |
Discounted Cash Flow Calculation for SEHK:2166 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Smart-Core 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 (HKD, Millions) | Source |
Present Value Discounted (@ 9.09%) |
|
|---|---|---|---|
| 2019 | 22.42 | Est @ -68.07% | 20.55 |
| 2020 | 11.87 | Est @ -47.04% | 9.97 |
| 2021 | 8.03 | Est @ -32.33% | 6.19 |
| 2022 | 6.26 | Est @ -22.03% | 4.42 |
| 2023 | 5.33 | Est @ -14.82% | 3.45 |
| 2024 | 4.81 | Est @ -9.77% | 2.86 |
| 2025 | 4.51 | Est @ -6.24% | 2.45 |
| 2026 | 4.34 | Est @ -3.77% | 2.16 |
| 2027 | 4.25 | Est @ -2.04% | 1.94 |
| 2028 | 4.22 | Est @ -0.82% | 1.77 |
| Present value of next 10 years cash flows | HK$55.77 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= HK$4.22 × (1 + 2%) ÷ (9.09% – 2%) |
HK$60.69 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= HK$60.69 ÷ (1 + 9.09%)10 |
HK$25.42 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= HK$55.77 + HK$25.42 |
HK$81.18 |
| Equity Value per Share (HKD) |
= Total value / Shares Outstanding
= HK$81.18 / 504.11 |
HK$0.16 |
| Calculation | Result | |
|---|---|---|
| Value per share (HKD) | From above. | HK$0.16 |
| Current discount | Discount to share price of
HK$1.72
= -1 x (HK$1.72 - HK$0.16) / HK$0.16 |
-968.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Smart-Core Holdings is above its future cash flow value.
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 Smart-Core Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Smart-Core Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in HKD | HK$0.16 |
| SEHK:2166 Share Price ** | SEHK (2019-05-20) in HKD | HK$1.72 |
| 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 Smart-Core Holdings.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:2166 Share Price ÷ EPS (both in HKD) = 1.72 ÷ 0.16 |
10.66x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Smart-Core Holdings is good value based on earnings compared to the HK Electronic industry average.
- Smart-Core Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Smart-Core Holdings's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 10.66x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
0.5%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 Smart-Core Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Smart-Core Holdings's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in HKD | HK$1.13 |
| SEHK:2166 Share Price * | SEHK (2019-05-20) in HKD | HK$1.72 |
| 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 |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:2166 Share Price ÷ Book Value per Share (both in HKD) = 1.72 ÷ 1.13 |
1.53x |
* Primary Listing of Smart-Core Holdings.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Smart-Core Holdings is overvalued based on assets compared to the HK Electronic industry average.
Value checks
We assess Smart-Core 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) Smart-Core Holdings has a total score of 2/6, 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.
2166 Future Performance
- No analysts cover Smart-Core 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!
Earnings growth vs Low Risk Savings
- Smart-Core Holdings's earnings growth is positive but not above the low risk savings rate of 2%.
Growth vs Market Checks
- Smart-Core Holdings's earnings growth is positive but not above the Hong Kong market average.
- Unable to compare Smart-Core Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:2166 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 0.5% |
| 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
| 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 |
| Date (Data in HKD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 4,936 | 72 | 80 |
| 2018-09-30 | 4,854 | 28 | 76 |
| 2018-06-30 | 4,801 | -17 | 73 |
| 2018-03-31 | 4,809 | 2 | 75 |
| 2017-12-31 | 4,785 | 21 | 78 |
| 2017-09-30 | 4,828 | 181 | 78 |
| 2017-06-30 | 4,859 | 340 | 77 |
| 2017-03-31 | 5,215 | 320 | 76 |
| 2016-12-31 | 5,194 | 373 | 72 |
| 2016-03-31 | 4,267 | -96 | 60 |
*GAAP earnings excluding extraordinary items.
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 Smart-Core Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in HKD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.16 |
| 2018-09-30 | 0.15 |
| 2018-06-30 | 0.15 |
| 2018-03-31 | 0.15 |
| 2017-12-31 | 0.16 |
| 2017-09-30 | 0.16 |
| 2017-06-30 | 0.17 |
| 2017-03-31 | 0.17 |
| 2016-12-31 | 0.18 |
| 2016-03-31 | 0.18 |
*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 Smart-Core Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Smart-Core 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)
Smart-Core Holdings has a total score of 0/6, 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.
2166 Past Performance
How has Smart-Core 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
Past Earnings growth analysis
- Smart-Core Holdings's year on year earnings growth rate has been positive over the past 5 years.
- Smart-Core Holdings's 1-year earnings growth is less than its 5-year average (3.7% vs 19.8%)
- Smart-Core Holdings's earnings growth has exceeded the HK Electronic industry average in the past year (3.7% vs -4.6%).
Earnings and Revenue History
All data from Smart-Core Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in HKD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 4,935.63 | 80.42 | 90.54 | 27.06 |
| 2018-09-30 | 4,854.08 | 76.33 | 103.57 | 26.84 |
| 2018-06-30 | 4,800.95 | 72.71 | 93.95 | 26.78 |
| 2018-03-31 | 4,808.81 | 75.40 | 92.55 | 26.04 |
| 2017-12-31 | 4,785.17 | 77.58 | 113.77 | 25.14 |
| 2017-09-30 | 4,827.54 | 77.57 | 90.92 | 22.66 |
| 2017-06-30 | 4,858.61 | 77.36 | 91.07 | 20.13 |
| 2017-03-31 | 5,215.26 | 75.98 | 89.36 | 19.16 |
| 2016-12-31 | 5,194.47 | 71.95 | 85.83 | 18.83 |
| 2016-03-31 | 4,266.83 | 59.93 | 75.40 | 14.93 |
| 2015-12-31 | 3,761.67 | 47.24 | 73.04 | 16.50 |
| 2014-12-31 | 3,090.20 | 51.52 | 56.51 | 34.92 |
| 2013-12-31 | 2,190.83 | 0.91 | 45.84 | 37.00 |
*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.
- Smart-Core Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Smart-Core Holdings used its assets more efficiently than the HK Electronic industry average last year based on Return on Assets.
- Smart-Core Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Smart-Core 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)
Smart-Core 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.
2166 Health
How is Smart-Core 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 Smart-Core Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
- Smart-Core Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Smart-Core Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 17.7x 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.
All data from Smart-Core Holdings Company Filings, last reported 4 months ago.
| Date (Data in HKD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 606.41 | 59.26 | 215.47 |
| 2018-09-30 | 606.41 | 59.26 | 215.47 |
| 2018-06-30 | 536.56 | 92.91 | 181.14 |
| 2018-03-31 | 536.56 | 92.91 | 181.14 |
| 2017-12-31 | 512.72 | 2.13 | 207.52 |
| 2017-09-30 | 513.43 | 2.13 | 207.81 |
| 2017-06-30 | 486.90 | 91.76 | 205.40 |
| 2017-03-31 | 484.71 | 91.35 | 204.47 |
| 2016-12-31 | 440.75 | 174.88 | 236.88 |
| 2016-03-31 | 198.62 | 326.53 | 39.65 |
| 2015-12-31 | 180.04 | 290.54 | 41.30 |
| 2014-12-31 | 159.59 | 150.10 | 13.47 |
| 2013-12-31 | 100.95 | 75.23 | 21.57 |
- Smart-Core Holdings's level of debt (9.8%) 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 (74.6% vs 9.8% today).
- Debt is well covered by operating cash flow (121.3%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 5.1x coverage).
Financial health checks
We assess Smart-Core 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) Smart-Core Holdings has a total score of 6/6, 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.
2166 Dividends
What is Smart-Core 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
If you bought
HK$2,000 of
Smart-Core Holdings
shares you are expected to receive
HK$70
in your first year as a dividend.
Dividend Amount
- Smart-Core Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
- Smart-Core Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.72%).
Upcoming dividend payment
Purchase Smart-Core Holdings before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Electronic Industry Average Dividend Yield | Market Cap Weighted Average of 39 Stocks | 3.1% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 968 Stocks | 3.6% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in HK$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-25 | 0.060 | 3.413 |
| 2018-05-21 | 0.060 | 3.585 |
| 2017-09-27 | 0.040 | 2.388 |
| 2017-08-28 | 0.040 | 2.201 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Smart-Core Holdings has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Smart-Core Holdings only paid a dividend in the past 2 years.
Income/ dividend checks
We assess Smart-Core Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Smart-Core Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Smart-Core 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.
2166 Management
CEO
| COMPENSATION | HK$175,000 |
| AGE | 52 |
CEO Bio
Mr. Weidong Tian is 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 for over 10 years and is responsible for overseeing the overall business strategy, development of projects, management and operations. Mr. Tian has extensive experience in the semiconductor industry and its related distribution. He was the sales director of Shenzhen Dadong Electronics Co., Ltd. from October 1993 to June 1997 where he was in charge of the management of the sales team, formulation of sales and marketing strategies and maintenance of business partnerships with clients and suppliers. He was the sales manager of Trident Multimedia Technologies (Shanghai) Co., Ltd. from December 1999 to March 2002 where he was in charge of sales and marketing. Mr. Tian obtained a degree of Bachelor of Electronic Engineering from Xiamen University in July 1989 and a degree of Master of Business Administration from the National University of Singapore in March 2000.
CEO Compensation
- Weidong's compensation has been consistent with company performance over the past year, both up more than 20%.
- Weidong's remuneration is about average for companies of similar size in Hong Kong.
Management Team
Weidong Tian
Founder
HK$175K
52
Tsz Leung Wong
CFO & Executive Director
HK$133K
54
Hongbing Liu
Executive Director
HK$138K
52
Yan Qing
Executive Director
48
0.1 yrs
Chak Yau
Company Secretary & Financial Controller
38
0.2 yrs
Board of Directors Tenure
Average tenure and age of the Smart-Core Holdings board of directors in years:
- The tenure for the Smart-Core Holdings board of directors is about average.
Board of Directors
Weidong Tian
Founder
HK$175K
52
Tsz Leung Wong
CFO & Executive Director
HK$133K
54
3.6 yrs
Hongbing Liu
Executive Director
HK$138K
52
3.6 yrs
Yan Qing
Executive Director
48
0.1 yrs
Gang Zheng
Independent Non-Executive Director
HK$36K
51
3.2 yrs
Paul Wong
Independent Non-Executive Director
65
0.8 yrs
Ming-Je Tang
Independent Non-Executive Director
HK$36K
65
3.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 04. Sep 18 | Sell | Tsz Leung Wong | Individual | 30. Aug 18 | 30. Aug 18 | -22,500,000 | HK$1.55 | HK$-34,875,026 | ||
Management checks
We assess Smart-Core 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) Smart-Core 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.
2166 News
Simply Wall St News
Did You Miss Smart-Core Holdings's (HKG:2166) 14% Share Price Gain?
For example, the Smart-Core Holdings Limited (HKG:2166) share price is up 14% in the last year, clearly besting than the market return of around -15% (not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the last year Smart-Core Holdings grew its earnings per share (EPS) by 4.0%.
Simply Wall St - – Full articleSmart-Core Holdings Limited (HKG:2166) Earns Among The Best Returns In Its Industry
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. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleWant To Invest In Smart-Core Holdings Limited (HKG:2166)? Here's How It Performed Lately
Today I will examine Smart-Core Holdings Limited's (HKG:2166) latest earnings update (31 December 2018) and compare these figures against its performance over the past couple of years, in addition to how the rest of 2166's industry performed. … 2166's trailing twelve-month earnings (from 31 December 2018) of HK$80m has. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 21%, indicating the rate at which 2166 is growing has slowed down
Simply Wall St - – Full articleRead This Before You Buy Smart-Core Holdings Limited (HKG:2166) Because Of Its P/E Ratio
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Smart-Core Holdings has a price to earnings ratio of 10.85, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat Does Smart-Core Holdings Limited's (HKG:2166) Balance Sheet Tell Us About It?
While small-cap stocks, such as Smart-Core Holdings Limited (HKG:2166) with its market cap of HK$907m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … The following basic checks can help you get a picture of the company's balance sheet strength.
Simply Wall St - – Full articleWhat Percentage Of Smart-Core Holdings Limited (HKG:2166) Shares Do Insiders Own?
The big shareholder groups in Smart-Core Holdings Limited (HKG:2166) have power over the company. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Smart-Core Holdings is not a large company by global standards.
Simply Wall St - – Full articleShould You Buy Smart-Core Holdings Limited (HKG:2166) For Its Dividend?
Recently, Smart-Core Holdings Limited (HKG:2166) has started paying dividends to shareholders. … Does Smart-Core Holdings tick all the boxes of a great dividend stock? … View our latest analysis for Smart-Core Holdings
Simply Wall St - – Full articleShould We Be Delighted With Smart-Core Holdings Limited's (HKG:2166) ROE Of 14%?
Our data shows Smart-Core Holdings has a return on equity of 14% for the last year. … One way to conceptualize this, is that for each HK$1 of shareholders' equity it has, the company made HK$0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleHow Many Insiders Sold Smart-Core Holdings Limited (HKG:2166) Shares?
So we'll take a look at whether insiders have been buying or selling shares in Smart-Core Holdings Limited (HKG:2166). … The Last 12 Months Of Insider Transactions At Smart-Core Holdings. … Over the last year, we can see that the biggest insider sale was by CFO & Executive Director Tsz Leung Wong for HK$35m worth of shares, at about HK$1.55 per share.
Simply Wall St - – Full articleWhy We Like Smart-Core Holdings Limited’s (HKG:2166) 20% Return On Capital Employed
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. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full article2166 Company Info
Description
Smart-Core Holdings Limited, an investment holding company, engages in the trading of integrated circuits and other electronic components in the People’s Republic of China. It also provides technical value-added services. The company’s products are used in various applications, such as smart media display, intelligent broadcasting terminal, mobile terminal, smart automotive electronics, and memory products. Its principal customers include consumer electronic product manufacturing companies, original design manufacturers, and original equipment manufacturers in the electronic product industry. The company was formerly known as Smart-Core Cloud Group Limited and changed its name to Smart-Core Holdings Limited in August 2016. The company was founded in 2005 and is based in Kwai Chung, Hong Kong. Smart-Core Holdings Limited is a subsidiary of Smart IC Limited.
Details
| Name: | Smart-Core Holdings Limited |
| 2166 | |
| Exchange: | SEHK |
| Founded: | 2005 |
| HK$872,101,701 | |
| 504,105,030 | |
| Website: | http://www.smart-core.com.hk |
| Address: |
Smart-Core Holdings Limited Tower B, 15th Floor, Kwai Chung, New Territories, Hong Kong |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 2166 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 07. Oct 2016 |
Number of employees
Current staff
Industry
| Technology Distributors | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/20 13:04 |
| End of day share price update: | 2019/05/20 00:00 |
| Last earnings filing: | 2019/04/25 |
| 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.
