SEHK:2382

Stock Analysis Report

Sunny Optical Technology (Group)

Executive Summary

Sunny Optical Technology (Group) Company Limited, an investment holding company, engages in designing, researching, developing, manufacturing, and selling optical and optical related products, and scientific instruments.

Snowflake

Fundamentals

High growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has Sunny Optical Technology (Group)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

2382

1.3%

HK Electronic

0.3%

HK Market


1 Year Return

45.4%

2382

-1.0%

HK Electronic

1.3%

HK Market

Return vs Industry: 2382 exceeded the Hong Kong Electronic industry which returned -1% over the past year.

Return vs Market: 2382 exceeded the Hong Kong Market which returned 1.3% over the past year.


Shareholder returns

2382IndustryMarket
7 Day-0.8%1.3%0.3%
30 Day0.09%-1.4%0.5%
90 Day20.4%6.2%-4.6%
1 Year46.8%45.4%2.3%-1.0%4.9%1.3%
3 Year197.8%191.8%-0.8%-8.7%15.3%3.7%
5 Year820.6%783.1%54.1%34.1%20.0%-0.006%

Price Volatility Vs. Market

How volatile is Sunny Optical Technology (Group)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sunny Optical Technology (Group) undervalued compared to its fair value and its price relative to the market?

2.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2382 (HK$114.1) is trading below our estimate of fair value (HK$117.28)

Significantly Below Fair Value: 2382 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 2382 is poor value based on its PE Ratio (41.1x) compared to the Electronic industry average (9x).

PE vs Market: 2382 is poor value based on its PE Ratio (41.1x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: 2382 is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: 2382 is overvalued based on its PB Ratio (11.3x) compared to the HK Electronic industry average (0.9x).


Next Steps

  • Explore potentially undervalued companies in the Tech industry.

Future Growth

How is Sunny Optical Technology (Group) forecast to perform in the next 1 to 3 years based on estimates from 30 analysts?

29.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2382's forecast earnings growth (29.4% per year) is above the savings rate (2%).

Earnings vs Market: 2382's earnings (29.4% per year) are forecast to grow faster than the Hong Kong market (11.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 2382's revenue (19.1% per year) is forecast to grow faster than the Hong Kong market (10% per year).

High Growth Revenue: 2382's revenue (19.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2382's Return on Equity is forecast to be high in 3 years time (32.2%)


Next Steps

Past Performance

How has Sunny Optical Technology (Group) performed over the past 5 years?

36.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 2382's earnings have grown significantly by 36.3% per year over the past 5 years.

Accelerating Growth: 2382's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2382 had negative earnings growth (-6.2%) over the past year, making it difficult to compare to the Electronic industry average (-10.9%).


Return on Equity

High ROE: 2382's Return on Equity (27.1%) is considered high.


Return on Assets

ROA vs Industry: 2382 has a higher Return on Assets than the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: 2382's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Sunny Optical Technology (Group)'s financial position?


Financial Position Analysis

Short Term Liabilities: 2382's short term assets (CN¥18.3B) exceeds its short term liabilities (CN¥10.2B)

Long Term Liabilities: 2382's short term assets (18.3B) exceeds its long term liabilities (5.2B)


Debt to Equity History and Analysis

Debt Level: 2382's debt to equity ratio (51.2%) is considered high

Reducing Debt: 2382's debt to equity ratio has increased from 28.3% to 51.2% over the past 5 years.

Debt Coverage: 2382's debt is well covered by operating cash flow (79.3%).

Interest Coverage: 2382's interest payments on its debt are well covered by EBIT (704.9x coverage).


Balance Sheet

Inventory Level: 2382 has a high level of physical assets or inventory.

Debt Coverage by Assets: 2382's debt is covered by short term assets (assets are 3.5x debt).


Next Steps

Dividend

What is Sunny Optical Technology (Group)'s current dividend yield, its reliability and sustainability?

0.55%

Current Dividend Yield


Dividend Yield vs Market

company0.6%marketbottom25%2.3%markettop25%6.2%industryaverage2.8%forecastin3Years1.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 2382's dividend (0.55%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 2382's dividend (0.55%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.18%).

Stable Dividend: 2382 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 2382 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: 2382 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 2382's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of Sunny Optical Technology (Group)'s salary, the management and board of directors tenure and is there insider trading?

7.6yrs

Average board tenure


CEO

Yang Sun (46yo)

7.6yrs

Tenure

CN¥1,962,000

Compensation

Mr. Yang Sun has been Chief Executive Officer at Sunny Optical Technology (Group) Company Ltd. since March 15, 2012. Mr. Sun served as Vice President of Sunny Optical Technology (Group) Company Ltd. from J ...


CEO Compensation Analysis

Compensation vs. Market: Yang's total compensation ($USD277.24K) is below average for companies of similar size in the Hong Kong market ($USD807.54K).

Compensation vs Earnings: Yang's compensation has been consistent with company performance over the past year.


Board Age and Tenure

7.6yrs

Average Tenure

53yo

Average Age

Experienced Board: 2382's board of directors are considered experienced (7.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

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Ownership Breakdown


Management Team

  • Wenjian Wang (72yo)

    Founder & Honorary Chairman

    • Tenure: 7.6yrs
    • Compensation: CN¥2.08m
  • Liaoning Ye (53yo)

    Founder & Chairman

    • Tenure: 7.6yrs
    • Compensation: CN¥2.15m
  • Wenjie Wang (52yo)

    Standing VP & Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥1.83m
  • Yang Sun (46yo)

    CEO & Executive Director

    • Tenure: 7.6yrs
    • Compensation: CN¥1.96m
  • Guojun Lou (54yo)

    GM of Ningbo Sunny Advanced Instruments Co Ltd and GM of Ningbo Sunny Instruments Co Ltd

    • Tenure: 0yrs
  • Jianfeng Ma (46yo)

    CFO, VP & Joint Company Secretary

    • Tenure: 0yrs
  • Yunfeng Song (54yo)

    Deputy General Manager of Ningbo Sunny Advanced Instruments Co Ltd

    • Tenure: 0yrs
  • Pui Ling Wong (37yo)

    Director of Investor Relations & Joint Company Secretary

    • Tenure: 0yrs

Board Members

  • Yang Dong Shao (50yo)

    Independent Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: CN¥84.00k
  • Wenjian Wang (72yo)

    Founder & Honorary Chairman

    • Tenure: 7.6yrs
    • Compensation: CN¥2.08m
  • Yuqing Zhang (71yo)

    Independent Non-Executive Director

    • Tenure: 12.4yrs
    • Compensation: CN¥84.00k
  • Liaoning Ye (53yo)

    Founder & Chairman

    • Tenure: 7.6yrs
    • Compensation: CN¥2.15m
  • Wenjie Wang (52yo)

    Standing VP & Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥1.83m
  • Yang Sun (46yo)

    CEO & Executive Director

    • Tenure: 7.6yrs
    • Compensation: CN¥1.96m
  • Hua Jun Feng (55yo)

    Independent Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: CN¥84.00k

Company Information

Sunny Optical Technology (Group) Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sunny Optical Technology (Group) Company Limited
  • Ticker: 2382
  • Exchange: SEHK
  • Founded: 1984
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: HK$126.540b
  • Shares outstanding: 1.09b
  • Website: https://www.sunnyoptical.com

Number of Employees


Location

  • Sunny Optical Technology (Group) Company Limited
  • 27-29 Shunke Road
  • Yuyao
  • Zhejiang Province
  • 315400
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2382SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 2007
SXCDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2007
SNPT.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2007
2382SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJun 2007
2382SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJun 2007
0Z4ILSE (London Stock Exchange)YesOrdinary SharesGBHKDJun 2007
SOTG.YOTCPK (Pink Sheets LLC)ADRUSUSDMay 2014

Biography

Sunny Optical Technology (Group) Company Limited, an investment holding company, engages in designing, researching, developing, manufacturing, and selling optical and optical related products, and scientif ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 12:42
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.