Vtech Holdings Limited designs, manufactures, and distributes consumer electronic products in North America, Europe, the Asia Pacific, and internationally. More Details
Flawless balance sheet and good value.
Share Price & News
How has Vtech Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 303 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 303's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 303 underperformed the Hong Kong Communications industry which returned 64.1% over the past year.
Return vs Market: 303 underperformed the Hong Kong Market which returned 15.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Vtech Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHow Much Does Vtech Holdings' (HKG:303) CEO Make?
3 weeks ago | Simply Wall StHow Does Vtech Holdings Limited (HKG:303) Fare As A Dividend Stock?
1 month ago | Simply Wall StAn Intrinsic Calculation For Vtech Holdings Limited (HKG:303) Suggests It's 47% Undervalued
Is Vtech Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 303 (HK$64.25) is trading below our estimate of fair value (HK$114.98)
Significantly Below Fair Value: 303 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 303 is good value based on its PE Ratio (10.6x) compared to the HK Communications industry average (14.2x).
PE vs Market: 303 is good value based on its PE Ratio (10.6x) compared to the Hong Kong market (11.9x).
Price to Earnings Growth Ratio
PEG Ratio: 303 is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: 303 is overvalued based on its PB Ratio (3.2x) compared to the HK Communications industry average (0.8x).
How is Vtech Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 303's forecast earnings growth (3.8% per year) is above the savings rate (1.5%).
Earnings vs Market: 303's earnings (3.8% per year) are forecast to grow slower than the Hong Kong market (21.4% per year).
High Growth Earnings: 303's earnings are forecast to grow, but not significantly.
Revenue vs Market: 303's revenue (2.8% per year) is forecast to grow slower than the Hong Kong market (14.4% per year).
High Growth Revenue: 303's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 303's Return on Equity is forecast to be high in 3 years time (29.1%)
How has Vtech Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 303 has high quality earnings.
Growing Profit Margin: 303's current net profit margins (9.1%) are higher than last year (8.7%).
Past Earnings Growth Analysis
Earnings Trend: 303's earnings have grown by 1.6% per year over the past 5 years.
Accelerating Growth: 303's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 303 had negative earnings growth (-1.4%) over the past year, making it difficult to compare to the Communications industry average (-13%).
Return on Equity
High ROE: 303's Return on Equity (30.2%) is considered high.
How is Vtech Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 303's short term assets ($1.2B) exceed its short term liabilities ($666.5M).
Long Term Liabilities: 303's short term assets ($1.2B) exceed its long term liabilities ($147.8M).
Debt to Equity History and Analysis
Debt Level: 303 is debt free.
Reducing Debt: 303 had no debt 5 years ago.
Debt Coverage: 303 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 303 has no debt, therefore coverage of interest payments is not a concern.
What is Vtech Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 303's dividend (6.4%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.07%).
High Dividend: 303's dividend (6.4%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.62%).
Stability and Growth of Payments
Stable Dividend: 303's dividend payments have been volatile in the past 10 years.
Growing Dividend: 303's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (68.1%), 303's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 303's dividends in 3 years are not forecast to be well covered by earnings (97.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Allan Wong (69 yo)
Dr. Chi-Yun Wong, also known as Allan, GBS, SBS, B.Sc., JP, MBE, MSEE, Hon DTech, JP, has been an Independent Non-Executive Director of Li & Fung Limited since March 30, 1999. Mr. Wong co-founded VTech Hol...
CEO Compensation Analysis
Compensation vs Market: Allan's total compensation ($USD3.23M) is above average for companies of similar size in the Hong Kong market ($USD506.40K).
Compensation vs Earnings: Allan's compensation has been consistent with company performance over the past year.
|President & Executive Director||13.75yrs||US$1.73m||0.13% |
|CEO of Contract Manufacturing Services & Executive Director||12yrs||US$2.83m||0.19% |
|Independent Non-Executive Director||3yrs||US$37.00k||no data|
|Independent Non Executive Director||19.17yrs||US$38.00k||0.064% |
|Independent Non Executive Director||19.17yrs||US$38.00k||0.42% |
|Independent Non-Executive Director||8.33yrs||US$39.00k||no data|
|Non-Executive Director||1.17yrs||US$11.59k||no data|
Experienced Board: 303's board of directors are seasoned and experienced ( 12 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Vtech Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Vtech Holdings Limited
- Ticker: 303
- Exchange: SEHK
- Founded: 1976
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: HK$15.752b
- Shares outstanding: 252.02m
- Website: https://www.vtech.com/index.html
Number of Employees
- Vtech Holdings Limited
- Tai Ping Industrial Centre
- 23rd Floor
- Tai Po
- New Territories
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VTKL.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|303||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
|VTCB||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|303||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
|303||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
|VTKL.Y||OTCPK (Pink Sheets LLC)||UNSPONSORED ADR||US||USD||Mar 2011|
Vtech Holdings Limited designs, manufactures, and distributes consumer electronic products in North America, Europe, the Asia Pacific, and internationally. The company offers electronic learning toys for i...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/27 10:28|
|End of Day Share Price||2021/01/27 00:00|
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.