Executive Summary
Wasion Holdings Limited, an investment holding company, researches, develops, produces, and sells energy metering and energy efficiency management for energy supply industries in the People’s Republic of China and internationally.
Snowflake
Fundamentals
Reasonable growth potential with adequate balance sheet and pays a dividend.
Share Price & News
How has Wasion Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
25.8%
3393
0.8%
HK Electronic
0.9%
HK Market
1 Year Return
8.9%
3393
-2.6%
HK Electronic
0.6%
HK Market
Return vs Industry: 3393 exceeded the Hong Kong Electronic industry which returned -2.6% over the past year.
Return vs Market: 3393 exceeded the Hong Kong Market which returned 0.6% over the past year.
Shareholder returns
| 3393 | Industry | Market | |
|---|---|---|---|
| 7 Day | 25.8% | 0.8% | 0.9% |
| 30 Day | 30.9% | -1.9% | 0.4% |
| 90 Day | 21.5% | 4.2% | -5.5% |
| 1 Year | 17.6%8.9% | 0.7%-2.6% | 4.2%0.6% |
| 3 Year | -4.2%-20.9% | -2.6%-10.3% | 15.5%3.9% |
| 5 Year | -31.9%-48.1% | 54.6%34.4% | 19.9%-0.1% |
Price Volatility Vs. Market
How volatile is Wasion Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
7 hours ago | Simply Wall St
A Rising Share Price Has Us Looking Closely At Wasion Holdings Limited's (HKG:3393) P/E Ratio6 days ago | Simply Wall St
What Kind Of Shareholder Owns Most Wasion Holdings Limited (HKG:3393) Stock?2 weeks ago | Simply Wall St
Is It Too Late To Consider Buying Wasion Holdings Limited (HKG:3393)?Valuation
Is Wasion Holdings undervalued compared to its fair value and its price relative to the market?
11.49x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: 3393 (HK$3.9) is trading above our estimate of fair value (HK$2.45)
Significantly Undervalued: 3393 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 3393 is poor value based on its PE Ratio (11.5x) compared to the Electronic industry average (8.7x).
PE vs Market: 3393 is poor value based on its PE Ratio (11.5x) compared to the Hong Kong market (10.3x).
Price to Earnings Growth Ratio
Low PEG Ratio: 3393 is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: 3393 is good value based on its PB Ratio (0.8x) compared to the HK Electronic industry average (0.9x).
Next Steps
Future Growth
How is Wasion Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
22.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3393's forecast earnings growth (22% per year) is above the savings rate (2%).
Earnings vs Market: 3393's earnings (22% per year) are forecast to grow faster than the Hong Kong market (11.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 3393's revenue (15.3% per year) is forecast to grow faster than the Hong Kong market (10.2% per year).
High Growth Revenue: 3393's revenue (15.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: 3393's Return on Equity is forecast to be low in 3 years time (10.1%).
Next Steps
Past Performance
How has Wasion Holdings performed over the past 5 years?
-14.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 3393's earnings have declined by -14.2% per year over the past 5 years.
Accelerating Growth: 3393's earnings growth over the past year (13.2%) exceeds its 5-year average (-14.2% per year).
Earnings vs Industry: 3393 earnings growth over the past year (13.2%) exceeded the Electronic industry -10.9%.
Return on Equity
High ROE: 3393's Return on Equity (7.8%) is considered low.
Return on Assets
ROA vs Industry: 3393's Return on Assets is below or equal to the Electronic industry average last year.
Return on Capital Employed
ROCE Improving: 3393 has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Wasion Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 3393's short term assets (CN¥6.5B) exceeds its short term liabilities (CN¥4.3B)
Long Term Liabilities: 3393's short term assets (6.5B) exceeds its long term liabilities (399.3M)
Debt to Equity History and Analysis
Debt Level: 3393's debt to equity ratio (39.1%) is considered satisfactory
Reducing Debt: 3393's debt to equity ratio has increased from 34.7% to 39.1% over the past 5 years.
Debt Coverage: 3393's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: 3393's interest payments on its debt are well covered by EBIT (24.6x coverage).
Balance Sheet
Inventory Level: 3393 has a high level of physical assets or inventory.
Debt Coverage by Assets: 3393's debt is covered by short term assets (assets are 3.501670x debt).
Next Steps
Dividend
What is Wasion Holdings's current dividend yield, its reliability and sustainability?
3.07%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 3393's dividend (3.07%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 3393's dividend (3.07%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).
Stable Dividend: 3393's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3393's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (73.4%), 3393's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3393's dividends in 3 years are forecast to be well covered by earnings (29.7% payout ratio).
Next Steps
Management
What is the CEO of Wasion Holdings's salary, the management and board of directors tenure and is there insider trading?
5.2yrs
Average board tenure
CEO
Zhao Hui Cao (51yo)
0yrs
Tenure
CN¥627,000
Compensation
Ms. Zhao Hui Cao serves as the Chief Executive Officer of Wasion Group Holdings Limited. Ms. Cao served as Director of finance and Deputy General Manager of Wasion Group Holdings Limited. She was employed ...
CEO Compensation Analysis
Compensation vs. Market: Zhao Hui's total compensation ($USD88.54K) is about average for companies of similar size in the Hong Kong market ($USD298.58K).
Compensation vs Earnings: Zhao Hui's compensation has been consistent with company performance over the past year.
Board Age and Tenure
5.2yrs
Average Tenure
54.5yo
Average Age
Experienced Board: 3393's board of directors are considered experienced (5.2 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 | Individual |
| Role | Chairman of the Board Founder & Chairman |
| Shares | 1,000,000 |
| Max Price | CN¥2.88 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director |
| Shares | 110,000 |
| Max Price | CN¥2.96 |
| Entity | Company |
| Shares | 3,928,000 |
| Max Price | CN¥2.98 |
| Entity | Individual |
| Role | Chairman of the Board Founder & Chairman |
| Shares | 300,000 |
| Max Price | CN¥3.84 |
Ownership Breakdown
Management Team
Edward Choi (50yo)
CFO & Company Secretary
- Tenure: 0yrs
Wei Ji (62yo)
Founder & Chairman
- Tenure: 0yrs
- Compensation: CN¥529.00k
Xiao Ping Zheng (55yo)
Senior Engineer & Executive Director
- Tenure: 14.1yrs
- Compensation: CN¥572.00k
Xin Zeng (48yo)
GM of Wasion Electric Limited & Executive Director
- Tenure: 14.1yrs
- Compensation: CN¥617.00k
Zhao Hui Cao (51yo)
CEO & Executive Director
- Tenure: 0yrs
- Compensation: CN¥627.00k
Zhongping Tian (39yo)
Executive Director & President
- Tenure: 2.8yrs
- Compensation: CN¥482.00k
Board Members
Wei Ji (62yo)
Founder & Chairman
- Tenure: 0yrs
- Compensation: CN¥529.00k
Xiao Ping Zheng (55yo)
Senior Engineer & Executive Director
- Tenure: 14.1yrs
- Compensation: CN¥572.00k
Xin Zeng (48yo)
GM of Wasion Electric Limited & Executive Director
- Tenure: 14.1yrs
- Compensation: CN¥617.00k
Zhao Hui Cao (51yo)
CEO & Executive Director
- Tenure: 0yrs
- Compensation: CN¥627.00k
Wing Kuen Hui (71yo)
Independent Non-Executive Director
- Tenure: 4.4yrs
- Compensation: CN¥419.00k
Jing Huang (62yo)
Independent Non-Executive Director
- Tenure: 3yrs
- Compensation: CN¥205.00k
Chit Kat (35yo)
Non-Executive Director
- Tenure: 5.2yrs
- Compensation: CN¥257.00k
Shi Jie Cheng (73yo)
Independent Non-Executive Director
- Tenure: 5.2yrs
- Compensation: CN¥156.00k
Wenpeng Luan (54yo)
Independent Non-Executive Director
- Tenure: 3.4yrs
- Compensation: CN¥103.00k
Zhongping Tian (39yo)
Executive Director & President
- Tenure: 2.8yrs
- Compensation: CN¥482.00k
Company Information
Wasion Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Wasion Holdings Limited
- Ticker: 3393
- Exchange: SEHK
- Founded: 2000
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: HK$3.900b
- Shares outstanding: 999.96m
- Website: https://www.wasion.com
Number of Employees
Location
- Wasion Holdings Limited
- West Tower
- Unit 2605, 26th Floor
- Sheung Wan
- 410205
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 3393 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Dec 2005 |
| W1U | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2005 |
Biography
Wasion Holdings Limited, an investment holding company, researches, develops, produces, and sells energy metering and energy efficiency management for energy supply industries in the People’s Republic of C ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 12:40 |
| End of Day Share Price | 2019/10/18 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.