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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with reasonable growth potential.
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
Stable Share Price: 2382 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.9%
2382
1.3%
HK Electronic
0.1%
HK Market
1 Year Return
13.9%
2382
-2.3%
HK Electronic
2.0%
HK Market
Return vs Industry: 2382 exceeded the Hong Kong Electronic industry which returned -2.8% over the past year.
Return vs Market: 2382 exceeded the Hong Kong Market which returned 0.7% over the past year.
Shareholder returns
| 2382 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 1.3% | 0.1% |
| 30 Day | 6.5% | 4.0% | 2.4% |
| 90 Day | -7.0% | -8.4% | -0.4% |
| 1 Year | 14.8%13.9% | 0.8%-2.3% | 6.3%2.0% |
| 3 Year | 16.9%14.3% | -33.9%-39.4% | -5.7%-16.0% |
| 5 Year | 648.6%620.6% | 16.6%0.9% | 16.4%-3.4% |
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
6 days ago | Simply Wall St
With EPS Growth And More, Sunny Optical Technology (Group) (HKG:2382) Is Interesting2 weeks ago | Simply Wall St
Should You Rely On Sunny Optical Technology (Group)'s (HKG:2382) Earnings Growth?3 weeks ago | Simply Wall St
Do Institutions Own Sunny Optical Technology (Group) Company Limited (HKG:2382) Shares?Valuation
Is Sunny Optical Technology (Group) undervalued compared to its fair value and its price relative to the market?
28.43x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 2382 (HK$130) is trading above our estimate of fair value (HK$111.14)
Significantly Below Fair Value: 2382 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2382 is poor value based on its PE Ratio (28.4x) compared to the HK Electronic industry average (13.4x).
PE vs Market: 2382 is poor value based on its PE Ratio (28.4x) compared to the Hong Kong market (11.3x).
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 (9.1x) compared to the HK Electronic industry average (0.8x).
Next Steps
Future Growth
How is Sunny Optical Technology (Group) forecast to perform in the next 1 to 3 years based on estimates from 33 analysts?
20.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2382's forecast earnings growth (20.8% per year) is above the savings rate (1.6%).
Earnings vs Market: 2382's earnings (20.8% per year) are forecast to grow slower than the Hong Kong market (22.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2382's revenue (15.3% per year) is forecast to grow faster than the Hong Kong market (13.2% per year).
High Growth Revenue: 2382's revenue (15.3% 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 (29.7%)
Next Steps
Past Performance
How has Sunny Optical Technology (Group) performed over the past 5 years?
32.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2382 has a high level of non-cash earnings.
Growing Profit Margin: 2382's current net profit margins (10.5%) are higher than last year (9.3%).
Past Earnings Growth Analysis
Earnings Trend: 2382's earnings have grown significantly by 32.4% per year over the past 5 years.
Accelerating Growth: 2382's earnings growth over the past year (56.8%) exceeds its 5-year average (32.4% per year).
Earnings vs Industry: 2382 earnings growth over the past year (56.8%) exceeded the Electronic industry -15.1%.
Return on Equity
High ROE: 2382's Return on Equity (31.9%) is considered high.
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¥21.5B) exceed its short term liabilities (CN¥11.9B).
Long Term Liabilities: 2382's short term assets (CN¥21.5B) exceed its long term liabilities (CN¥5.5B).
Debt to Equity History and Analysis
Debt Level: 2382's debt to equity ratio (45.1%) is considered high.
Reducing Debt: 2382's debt to equity ratio has increased from 19.8% to 45.1% over the past 5 years.
Debt Coverage: 2382's debt is well covered by operating cash flow (89.2%).
Interest Coverage: 2382's interest payments on its debt are well covered by EBIT (234.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Sunny Optical Technology (Group) current dividend yield, its reliability and sustainability?
0.65%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2382's dividend (0.65%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 2382's dividend (0.65%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.86%).
Stability and Growth of Payments
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
How experienced are the management team and are they aligned to shareholders interests?
8.6yrs
Average board tenure
CEO
Yang Sun (47 yo)
8.58yrs
Tenure
CN¥3,599,000
Compensation
Mr. Yang Sun has been Chief Executive Officer at Sunny Optical Technology (Group) Company Ltd. since March 15, 2012 and serves as its President. Mr. Sun served as Vice President of Sunny Optical Technology ...
CEO Compensation Analysis
Compensation vs Market: Yang's total compensation ($USD539.06K) is below average for companies of similar size in the Hong Kong market ($USD820.93K).
Compensation vs Earnings: Yang's compensation has increased by more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman | 8.58yrs | CN¥3.63m | 0.21% CN¥ 297.9m | |
| CEO, President & Executive Director | 8.58yrs | CN¥3.60m | 0.010% CN¥ 14.7m | |
| Founder & Honorary Chairman | 8.58yrs | CN¥3.56m | 3.09% CN¥ 4.4b | |
| Executive VP & Executive Director | 6.83yrs | CN¥3.45m | 0.14% CN¥ 205.0m | |
| Independent Non-Executive Director | 4.5yrs | CN¥90.00k | no data | |
| Independent Non-Executive Director | 13.42yrs | CN¥90.00k | no data | |
| Independent Non-Executive Director | 4.5yrs | CN¥90.00k | no data |
8.6yrs
Average Tenure
54yo
Average Age
Experienced Board: 2382's board of directors are considered experienced (8.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
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$143.383b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2382 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jun 2007 |
| SXC | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2007 |
| SNPT.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2007 |
| 2382 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jun 2007 |
| 2382 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jun 2007 |
| 0Z4I | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | HKD | Jun 2007 |
| 2382 N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Jun 2007 |
| SOTG.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | May 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/21 12:42 |
| End of Day Share Price | 2020/10/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.