SEHK:2382

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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. More Details


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

0.2%

2382

-3.8%

HK Electronic

-2.8%

HK Market


1 Year Return

-0.9%

2382

-12.4%

HK Electronic

-1.7%

HK Market

Return vs Industry: 2382 exceeded the Hong Kong Electronic industry which returned -12.4% over the past year.

Return vs Market: 2382 matched the Hong Kong Market which returned -1.7% over the past year.


Shareholder returns

2382IndustryMarket
7 Day0.2%-3.8%-2.8%
30 Day8.4%3.1%2.7%
90 Day-12.1%-12.5%-0.4%
1 Year-0.2%-0.9%-9.7%-12.4%2.3%-1.7%
3 Year10.7%8.3%-37.9%-43.1%-8.7%-18.6%
5 Year644.0%616.2%12.4%-2.7%13.7%-5.4%

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

Valuation

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

28.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2382 (HK$128.2) is trading above our estimate of fair value (HK$111.29)

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 (28.1x) compared to the HK Electronic industry average (12.5x).

PE vs Market: 2382 is poor value based on its PE Ratio (28.1x) compared to the Hong Kong market (10.7x).


Price to Earnings Growth Ratio

PEG Ratio: 2382 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: 2382 is overvalued based on its PB Ratio (9x) compared to the HK Electronic industry average (0.7x).


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% 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 (13.3% 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?

0.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2382's dividend (0.66%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.31%).

High Dividend: 2382's dividend (0.66%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.02%).


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 ($USD537.98K) is below average for companies of similar size in the Hong Kong market ($USD853.73K).

Compensation vs Earnings: Yang's compensation has increased by more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Liaoning Ye
Founder & Chairman8.58yrsCN¥3.63m0.21%
CN¥ 291.3m
Yang Sun
CEO, President & Executive Director8.58yrsCN¥3.60m0.010%
CN¥ 14.4m
Wenjian Wang
Founder & Honorary Chairman8.58yrsCN¥3.56m3.09%
CN¥ 4.3b
Wenjie Wang
Executive VP & Executive Director6.83yrsCN¥3.45m0.14%
CN¥ 200.4m
Yang Dong Shao
Independent Non-Executive Director4.42yrsCN¥90.00kno data
Yuqing Zhang
Independent Non-Executive Director13.42yrsCN¥90.00kno data
Hua Jun Feng
Independent Non-Executive Director4.42yrsCN¥90.00kno 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$140.211b
  • 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
2382 NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJun 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 Analysis2020/10/31 12:41
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.