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Ju Teng International Holdings

SEHK:3336
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3336
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

Ju Teng International Holdings Limited, an investment holding company, manufactures and sells casings for notebook computer, TV, handheld devices, and customized products in the People’s Republic of China, the Republic of China, and internationally. The last earnings update was 43 days ago. More info.


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3336 Share Price and Events
7 Day Returns
-8%
SEHK:3336
-7.1%
HK Electronic
-1.6%
HK Market
1 Year Returns
50%
SEHK:3336
-42.6%
HK Electronic
-16.6%
HK Market
3336 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ju Teng International Holdings (3336) -8% -13.7% -13.3% 50% -34.1% -68%
HK Electronic -7.1% -20.6% -16.4% -42.6% 1.8% 18.3%
HK Market -1.6% -9.5% -5.2% -16.6% 24.8% 7.3%
1 Year Return vs Industry and Market
  • 3336 outperformed the Electronic industry which returned -42.6% over the past year.
  • 3336 outperformed the Market in Hong Kong which returned -16.6% over the past year.
Price Volatility
3336
Industry
5yr Volatility vs Market

Value

 Is Ju Teng International Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ju Teng International Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ju Teng International Holdings.

SEHK:3336 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.3%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:3336
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.046 (1 + (1- 25%) (224.39%))
2.21
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 6.65%)
15.3%

Discounted Cash Flow Calculation for SEHK:3336 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ju Teng International Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:3336 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 15.3%)
2019 534.00 Analyst x2 463.13
2020 693.67 Analyst x3 521.76
2021 556.00 Analyst x2 362.70
2022 473.53 Est @ -14.83% 267.91
2023 427.21 Est @ -9.78% 209.62
2024 400.53 Est @ -6.25% 170.45
2025 385.42 Est @ -3.77% 142.25
2026 377.56 Est @ -2.04% 120.86
2027 374.44 Est @ -0.83% 103.95
2028 374.53 Est @ 0.02% 90.17
Present value of next 10 years cash flows HK$2,452.80
SEHK:3336 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$374.53 × (1 + 2%) ÷ (15.3% – 2%)
HK$2,872.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$2,872.40 ÷ (1 + 15.3%)10
HK$691.58
SEHK:3336 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$2,452.80 + HK$691.58
HK$3,144.38
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$3,144.38 / 932.78
HK$3.37
SEHK:3336 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$3.37
Current discount Discount to share price of HK$1.95
= -1 x (HK$1.95 - HK$3.37) / HK$3.37
42.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ju Teng International Holdings is available for.
Intrinsic value
42%
Share price is HK$1.95 vs Future cash flow value of HK$3.37
Current Discount Checks
For Ju Teng International Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ju Teng International Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ju Teng International Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ju Teng International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ju Teng International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:3336 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.14
SEHK:3336 Share Price ** SEHK (2019-05-22) in HKD HK$1.95
Hong Kong Electronic Industry PE Ratio Median Figure of 59 Publicly-Listed Electronic Companies 11.05x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 11.06x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ju Teng International Holdings.

SEHK:3336 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3336 Share Price ÷ EPS (both in HKD)

= 1.95 ÷ 0.14

13.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ju Teng International Holdings is overvalued based on earnings compared to the HK Electronic industry average.
  • Ju Teng International Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Ju Teng International Holdings's expected growth come at a high price?
Raw Data
SEHK:3336 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
23.4%per year
Hong Kong Electronic Industry PEG Ratio Median Figure of 13 Publicly-Listed Electronic Companies 0.6x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

SEHK:3336 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.83x ÷ 23.4%

0.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ju Teng International Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Ju Teng International Holdings's assets?
Raw Data
SEHK:3336 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$6.47
SEHK:3336 Share Price * SEHK (2019-05-22) in HKD HK$1.95
Hong Kong Electronic Industry PB Ratio Median Figure of 83 Publicly-Listed Electronic Companies 1.13x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.97x
SEHK:3336 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3336 Share Price ÷ Book Value per Share (both in HKD)

= 1.95 ÷ 6.47

0.3x

* Primary Listing of Ju Teng International Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ju Teng International Holdings is good value based on assets compared to the HK Electronic industry average.
X
Value checks
We assess Ju Teng International Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Ju Teng International Holdings has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Ju Teng International Holdings expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ju Teng International Holdings expected to grow at an attractive rate?
  • Ju Teng International Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Ju Teng International Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Ju Teng International Holdings's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:3336 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:3336 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 23.4%
SEHK:3336 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4%
Hong Kong Electronic Industry Earnings Growth Rate Market Cap Weighted Average 18.2%
Hong Kong Electronic Industry Revenue Growth Rate Market Cap Weighted Average 12.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:3336 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:3336 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 10,097 1,358 289 2
2020-12-31 10,148 1,564 471 3
2019-12-31 9,605 1,383 286 3
SEHK:3336 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 9,072 835 139
2018-09-30 8,511 809 -10
2018-06-30 7,950 783 -159
2018-03-31 7,851 944 -41
2017-12-31 7,752 1,104 77
2017-09-30 7,903 1,281 229
2017-06-30 8,054 1,459 381
2017-03-31 8,028 1,678 441
2016-12-31 8,002 1,897 501
2016-09-30 8,210 1,896 611
2016-06-30 8,417 1,895 722
2016-03-31 8,677 1,716 799

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ju Teng International Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Ju Teng International Holdings's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:3336 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Ju Teng International Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3336 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.25 0.25 0.25 2.00
2020-12-31 0.42 0.56 0.27 3.00
2019-12-31 0.25 0.30 0.20 3.00
SEHK:3336 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.14
2018-09-30 -0.01
2018-06-30 -0.15
2018-03-31 -0.04
2017-12-31 0.07
2017-09-30 0.21
2017-06-30 0.34
2017-03-31 0.40
2016-12-31 0.45
2016-09-30 0.55
2016-06-30 0.65
2016-03-31 0.71

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ju Teng International Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ju Teng International Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ju Teng International Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Ju Teng International Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ju Teng International Holdings's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ju Teng International Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Ju Teng International Holdings's 1-year earnings growth exceeds its 5-year average (80.2% vs -36.3%)
  • Ju Teng International Holdings's earnings growth has exceeded the HK Electronic industry average in the past year (80.2% vs -4.6%).
Earnings and Revenue History
Ju Teng International Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ju Teng International Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3336 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 9,072.10 138.66 844.14
2018-09-30 8,510.88 -10.25 839.03
2018-06-30 7,949.65 -159.16 833.91
2018-03-31 7,850.72 -41.12 822.65
2017-12-31 7,751.80 76.93 811.40
2017-09-30 7,902.93 228.75 781.09
2017-06-30 8,054.05 380.57 750.78
2017-03-31 8,028.21 440.58 739.11
2016-12-31 8,002.36 500.59 727.43
2016-09-30 8,209.93 611.40 750.72
2016-06-30 8,417.49 722.21 774.01
2016-03-31 8,676.81 798.58 779.95
2015-12-31 8,936.13 874.96 785.89
2015-09-30 9,161.75 841.66 789.99
2015-06-30 9,387.37 808.36 794.08
2015-03-31 9,479.28 786.52 792.18
2014-12-31 9,571.20 764.67 790.29
2014-09-30 9,463.95 788.56 767.74
2014-06-30 9,356.70 812.45 745.20
2014-03-31 9,306.76 787.31 713.90
2013-12-31 9,256.83 762.17 682.61
2013-09-30 9,220.74 689.82 662.66
2013-06-30 9,184.65 617.47 642.72
2013-03-31 9,192.98 609.22 633.57
2012-12-31 9,201.31 600.96 624.43
2012-09-30 9,048.25 495.37 622.57
2012-06-30 8,895.19 389.78 620.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ju Teng International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ju Teng International Holdings used its assets less efficiently than the HK Electronic industry average last year based on Return on Assets.
  • Ju Teng International Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ju Teng International Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ju Teng International Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ju Teng International Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ju Teng International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ju Teng International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ju Teng International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ju Teng International Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ju Teng International Holdings Company Filings, last reported 4 months ago.

SEHK:3336 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 7,623.80 4,144.27 1,376.66
2018-09-30 7,623.80 4,144.27 1,376.66
2018-06-30 7,852.54 3,808.43 670.95
2018-03-31 7,852.54 3,808.43 670.95
2017-12-31 8,348.39 4,468.98 2,009.44
2017-09-30 8,348.39 4,468.98 2,009.44
2017-06-30 8,149.87 4,675.04 1,711.20
2017-03-31 8,149.87 4,675.04 1,711.20
2016-12-31 7,743.99 4,448.91 1,840.04
2016-09-30 7,743.99 4,448.91 1,840.04
2016-06-30 7,862.45 4,855.06 1,477.59
2016-03-31 7,862.45 4,855.06 1,477.59
2015-12-31 7,927.41 4,903.54 2,003.22
2015-09-30 7,927.41 4,903.54 2,003.22
2015-06-30 8,178.77 5,146.54 1,451.32
2015-03-31 8,178.77 5,146.54 1,451.32
2014-12-31 7,957.57 4,717.68 2,054.61
2014-09-30 7,957.57 4,717.68 2,054.61
2014-06-30 7,578.78 5,100.53 1,402.55
2014-03-31 7,578.78 5,100.53 1,402.55
2013-12-31 7,632.79 4,297.79 1,551.82
2013-09-30 7,632.79 4,297.79 1,551.82
2013-06-30 6,933.10 3,862.50 972.15
2013-03-31 6,933.10 3,862.50 972.15
2012-12-31 6,616.59 4,081.66 1,839.78
2012-09-30 6,616.59 4,081.66 1,839.78
2012-06-30 6,050.52 2,936.78 450.88
  • Ju Teng International Holdings's level of debt (54.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (56.4% vs 54.4% today).
  • Debt is well covered by operating cash flow (20.1%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Ju Teng International Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ju Teng International Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Ju Teng International Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.13%
Current annual income from Ju Teng International Holdings dividends. Estimated to be 6.51% next year.
If you bought HK$2,000 of Ju Teng International Holdings shares you are expected to receive HK$103 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ju Teng International Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Ju Teng International Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.8%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:3336 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Hong Kong Electronic Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 3.1%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:3336 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.18 1.00
2020-12-31 0.11 3.00
2019-12-31 0.12 2.00
SEHK:3336 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-19 0.100 4.488
2018-03-16 0.080 4.697
2017-03-31 0.100 3.650
2016-03-31 0.150 5.504
2016-03-14 0.150 3.997
2015-03-31 0.150 4.012
2015-03-17 0.150 3.284
2014-04-02 0.150 3.200
2014-03-18 0.150 2.635
2013-04-03 0.120 2.526
2013-03-19 0.120 2.481
2012-03-20 0.080 3.012
2011-03-22 0.080 5.019
2010-03-29 0.080 1.888

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ju Teng International Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Ju Teng International Holdings only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Ju Teng International Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Ju Teng International Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ju Teng International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ju Teng International Holdings has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ju Teng International Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hui-Chin Chiu
COMPENSATION HK$20,511,400
AGE 64
TENURE AS CEO 2.2 years
CEO Bio

Mr. Chiu Hui-Chin has been Chief Executive Officer and Executive Director of Ju Teng International Holdings Limited since March 1, 2017 and is responsible for overall operation management of the Group. Mr. Chiu has more than 30 years of experience in notebook computer and electronic products business. Prior to joining Ju Teng International Holdings, he served as the Chief Executive Officer of Lite-on Technology Corporation until February 2017 and held top management position in various leading international brands and manufacturers of notebook computer and electronic products. He serves as a Director of Silitech Technology Corporation and Dragonjet Corporation. Mr. Chiu is the chairman of council of Department of Industrial Engineering and Management Alumnus and council member of China Value Engineering Society. Mr. Chiu was awarded as the outstanding Alumnus of National Taipei University of Technology. He holds Master Degree in Industrial Engineering and Management in National Taiepi University of Technology and EMBA in the Graduate Institute of Finance in National Taiwan University.

CEO Compensation
  • Insufficient data for Hui-Chin to compare compensation growth.
  • Hui-Chin's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Ju Teng International Holdings management team in years:

2.2
Average Tenure
60
Average Age
  • The tenure for the Ju Teng International Holdings management team is about average.
Management Team

Li-Yu Cheng

TITLE
Co-Founder & Executive Chairman
COMPENSATION
HK$136K
AGE
60

Hui-Chin Chiu

TITLE
CEO & Executive Director
COMPENSATION
HK$21M
AGE
64
TENURE
2.2 yrs

Li-Yen Cheng

TITLE
Co-Founder
COMPENSATION
HK$492K
AGE
64

Yung Kwok Tsui

TITLE
CFO of Group & Executive Director
AGE
50

Kuo-Kuang Huang

TITLE
Executive Director
AGE
58

Feng-Chieh Lin

TITLE
VP & Executive Director
AGE
60
TENURE
7.7 yrs

Lai Yin Cheung

TITLE
Company Secretary
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Ju Teng International Holdings board of directors in years:

13
Average Tenure
60
Average Age
  • The average tenure for the Ju Teng International Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Li-Yu Cheng

TITLE
Co-Founder & Executive Chairman
COMPENSATION
HK$136K
AGE
60

Hui-Chin Chiu

TITLE
CEO & Executive Director
COMPENSATION
HK$21M
AGE
64
TENURE
2.2 yrs

Yung Kwok Tsui

TITLE
CFO of Group & Executive Director
AGE
50
TENURE
13.9 yrs

Kuo-Kuang Huang

TITLE
Executive Director
AGE
58
TENURE
13.9 yrs

Feng-Chieh Lin

TITLE
VP & Executive Director
AGE
60
TENURE
2.2 yrs

Wai Ming Yip

TITLE
Independent Non Executive Director
AGE
53
TENURE
13 yrs

Chia-Jiun Cherng

TITLE
Independent Non Executive Director
AGE
64
TENURE
10.8 yrs

Wen-Yu Tsai

TITLE
Independent Non Executive Director
AGE
65
TENURE
13.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
29. Mar 19 Buy Bank Of Communications, Asset Management Arm Company 28. Mar 19 28. Mar 19 500,000 HK$2.28 HK$1,142,250
27. Dec 18 Buy Bank Of Communications, Asset Management Arm Company 20. Dec 18 20. Dec 18 2,000,000 HK$2.18 HK$4,357,996
11. Dec 18 Buy Bank Of Communications, Asset Management Arm Company 06. Dec 18 06. Dec 18 2,000,000 HK$2.26 HK$4,529,795
30. Oct 18 Buy Bank Of Communications, Asset Management Arm Company 25. Oct 18 25. Oct 18 1,000,000 HK$1.87 HK$1,871,597
18. Oct 18 Buy Bank Of Communications, Asset Management Arm Company 12. Oct 18 12. Oct 18 2,000,000 HK$1.97 HK$3,936,803
09. Oct 18 Buy Bank Of Communications, Asset Management Arm Company 04. Oct 18 04. Oct 18 2,000,000 HK$1.95 HK$3,893,403
02. Oct 18 Buy Bank Of Communications, Asset Management Arm Company 26. Sep 18 26. Sep 18 2,500,000 HK$1.92 HK$4,793,245
X
Management checks
We assess Ju Teng International Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ju Teng International Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Do Insiders Own Shares In Ju Teng International Holdings Limited (HKG:3336)?

Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. … Check out our latest analysis for Ju Teng International Holdings SEHK:3336 Ownership Summary, May 20th 2019 What Does The Institutional Ownership Tell Us About Ju Teng International Holdings? … Insider Ownership Of Ju Teng International Holdings The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Is Ju Teng International Holdings Limited (HKG:3336) Undervalued After Accounting For Its Future Growth?

Growth expectations for Ju Teng International Holdings Limited (HKG:3336) are high, but many investors are starting to ask whether its last close at HK$2.24 can still be rationalized by the future potential. … View our latest analysis for Ju Teng International Holdings? … Ju Teng International Holdings's growth potential is very attractive

Simply Wall St -

Is Ju Teng International Holdings Limited (HKG:3336) Trading At A 49% Discount?

In this article we are going to estimate the intrinsic value of Ju Teng International Holdings Limited (HKG:3336). … I will use the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

Are Dividend Investors Making A Mistake With Ju Teng International Holdings Limited (HKG:3336)?

Today we'll take a closer look at Ju Teng International Holdings Limited (HKG:3336) from a dividend investor's perspective. … A high yield and a long history of paying dividends is an appealing combination for Ju Teng International Holdings. … There are a few simple ways to reduce the risks of buying Ju Teng International Holdings for its dividend, and we'll go through these below.

Simply Wall St -

Should You Be Tempted To Sell Ju Teng International Holdings Limited (HKG:3336) Because Of Its P/E Ratio?

To keep it practical, we'll show how Ju Teng International Holdings Limited's (HKG:3336) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Ju Teng International Holdings's P/E ratio is 15.53. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is Ju Teng International Holdings Limited's (HKG:3336) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Ju Teng International Holdings Limited (HKG:3336) with its market cap of HK$2.3b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Is Ju Teng International Holdings Limited (HKG:3336) A Volatile Stock?

The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

Ju Teng International Holdings Limited (HKG:3336): A Look At Return On Capital

and looking to gauge the potential return on investment in Ju Teng International Holdings Limited (HKG:3336). … To understand Ju Teng International Holdings’s capital returns we will look at a useful metric called return on capital employed. … Ju Teng International Holdings's Return On Capital Employed

Simply Wall St -

Is Ju Teng International Holdings Limited's (HKG:3336) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Ju Teng International Holdings Limited (HKG:3336) with its market cap of HK$1.49b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Does Ju Teng International Holdings Limited (HKG:3336) Fall With The Market?

If you are looking to invest in Ju Teng International Holdings Limited’s (HKG:3336), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one.

Simply Wall St -

Company Info

Description

Ju Teng International Holdings Limited, an investment holding company, manufactures and sells casings for notebook computer, TV, handheld devices, and customized products in the People’s Republic of China, the Republic of China, and internationally. The company is involved in mold development, plastic injection, metal stamping, die-casting/thixo-molding, CNC machining, composite casing, and surface coating and assembly activities. It also manufactures and sells molds and materials; sells computer equipment and peripherals, and casings related materials; and provides general administrative and support services. The company serves notebook computer manufacturers and brand owners. Ju Teng International Holdings Limited was founded in 2000 and is headquartered in Central, Hong Kong.

Details
Name: Ju Teng International Holdings Limited
3336
Exchange: SEHK
Founded: 2000
HK$1,846,901,768
932,778,671
Website: http://www.juteng.com.hk
Address: Ju Teng International Holdings Limited
Jardine House,
33rd Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3336 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 03. Nov 2005
DB JTI Ordinary Shares Deutsche Boerse AG DE EUR 03. Nov 2005
TSEC 9136 TDR EACH REP 1 SHS Taiwan Stock Exchange TW TWD 01. Jun 2009
Number of employees
Current staff
Staff numbers
39,000
Ju Teng International Holdings employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 12:44
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/04/09
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.