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
| 2382 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | 1.3% | 0.3% |
| 30 Day | 0.09% | -1.4% | 0.5% |
| 90 Day | 20.4% | 6.2% | -4.6% |
| 1 Year | 46.8%45.4% | 2.3%-1.0% | 4.9%1.3% |
| 3 Year | 197.8%191.8% | -0.8%-8.7% | 15.3%3.7% |
| 5 Year | 820.6%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
1 week ago | Simply Wall St
Estimating The Intrinsic Value Of Sunny Optical Technology (Group) Company Limited (HKG:2382)2 weeks ago | Simply Wall St
Sunny Optical Technology (Group) Company Limited (HKG:2382): Does The -6.2% Earnings Drop Reflect A Longer Term Trend?1 month ago | Simply Wall St
Why You Should Like Sunny Optical Technology (Group) Company Limited’s (HKG:2382) ROCEValuation
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
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
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
| Entity | Company |
| Shares | 1,258,944 |
| Max Price | CN¥115.98 |
| Entity | Company |
| Shares | 895,413 |
| Max Price | CN¥115.00 |
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| Shares | 1,233,075 |
| Max Price | CN¥102.84 |
| Entity | Company |
| Shares | 1,524,002 |
| Max Price | CN¥100.54 |
| Entity | Company |
| Shares | 15,600 |
| Max Price | CN¥100.54 |
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| Shares | 5,007,407 |
| Max Price | CN¥100.54 |
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| Shares | 7,639,433 |
| Max Price | CN¥100.54 |
| Entity | Company |
| Shares | 3,900 |
| Max Price | CN¥100.54 |
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| Shares | 5,448,450 |
| Max Price | CN¥95.26 |
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| Shares | 5,746,713 |
| Max Price | CN¥95.48 |
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| Shares | 2,082,066 |
| Max Price | CN¥83.58 |
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| Shares | 80,000 |
| Max Price | CN¥83.58 |
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| Shares | 2,115,209 |
| Max Price | CN¥85.48 |
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| Shares | 936,229 |
| Max Price | CN¥77.80 |
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| Shares | 887,798 |
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| Shares | 3,543,636 |
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| Shares | 2,115,081 |
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| Shares | 1,832,488 |
| Max Price | CN¥96.20 |
| Entity | Company |
| Shares | 2,599,009 |
| Max Price | CN¥98.02 |
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| Shares | 2,189 |
| Max Price | CN¥98.02 |
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| Shares | 109,200 |
| Max Price | CN¥98.02 |
| Entity | Company |
| Shares | 355,900 |
| Max Price | CN¥98.02 |
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| Shares | 643,100 |
| Max Price | CN¥99.76 |
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| Shares | 1,273,107 |
| Max Price | CN¥99.81 |
| Entity | Company |
| Shares | 8,600 |
| Max Price | CN¥86.05 |
| Entity | Company |
| Shares | 338,000 |
| Max Price | CN¥86.05 |
| Entity | Company |
| Shares | 173,000 |
| Max Price | CN¥86.05 |
| Entity | Company |
| Shares | 1,752,797 |
| Max Price | CN¥86.05 |
| Entity | Company |
| Shares | 24,300 |
| Max Price | CN¥86.05 |
| Entity | Company |
| Shares | 1,534,476 |
| Max Price | CN¥80.14 |
| Entity | Company |
| Shares | 100,000 |
| Max Price | CN¥77.15 |
| Entity | Company |
| Shares | 24,000 |
| Max Price | CN¥77.15 |
| Entity | Company |
| Shares | 171,613 |
| Max Price | CN¥77.15 |
| Entity | Company |
| Shares | 323,490 |
| Max Price | CN¥77.15 |
| Entity | Company |
| Shares | 166,200 |
| Max Price | CN¥77.15 |
| Entity | Company |
| Shares | 1,523,433 |
| Max Price | CN¥75.20 |
| Entity | Company |
| Shares | 572,755 |
| Max Price | CN¥66.40 |
| Entity | Company |
| Shares | 219,631 |
| Max Price | CN¥69.36 |
| Entity | Company |
| Shares | 535,421 |
| Max Price | CN¥77.84 |
| Entity | Company |
| Shares | 2,514,770 |
| Max Price | CN¥68.27 |
| Entity | Company |
| Shares | 2,064,379 |
| Max Price | CN¥65.70 |
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
| 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 |
| 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 | 2019/10/23 12:42 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.