Wasion Holdings
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. The last earnings update was 36 days ago. More info.
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3393 Share Price and Events
7 Day Returns
1 Year Returns
3393 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Wasion Holdings (3393) | -5% | -10.9% | -10.9% | -22.2% | -3.2% | -34.4% |
| HK Electronic | -7.7% | -20.1% | -18.2% | -42% | 1.1% | 18.2% |
| HK Market | -2.2% | -9.5% | -6% | -15.4% | 22% | 6.7% |
1 Year Return vs Industry and Market
- 3393 outperformed the Electronic industry which returned -42% over the past year.
- 3393 underperformed the Market in Hong Kong which returned -15.4% over the past year.
Value
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
Wasion 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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Wasion Holdings.
| 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 | 10.4% |
| 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.
| 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))
= 1.045 (1 + (1- 25%) (44.32%)) |
1.263 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.26 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.263 * 6.65%) |
10.4% |
Discounted Cash Flow Calculation for SEHK:3393 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Wasion 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.
| Levered FCF (CNY, Millions) | Source |
Present Value Discounted (@ 10.4%) |
|
|---|---|---|---|
| 2019 | 35.90 | Analyst x1 | 32.52 |
| 2020 | 70.20 | Analyst x2 | 57.59 |
| 2021 | 43.60 | Est @ -37.89% | 32.40 |
| 2022 | 32.30 | Est @ -25.92% | 21.74 |
| 2023 | 26.63 | Est @ -17.54% | 16.24 |
| 2024 | 23.52 | Est @ -11.68% | 12.99 |
| 2025 | 21.74 | Est @ -7.57% | 10.88 |
| 2026 | 20.72 | Est @ -4.7% | 9.39 |
| 2027 | 20.16 | Est @ -2.69% | 8.27 |
| 2028 | 19.90 | Est @ -1.28% | 7.40 |
| Present value of next 10 years cash flows | CN¥209.42 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CN¥19.90 × (1 + 2%) ÷ (10.4% – 2%) |
CN¥241.71 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CN¥241.71 ÷ (1 + 10.4%)10 |
CN¥89.85 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CN¥209.42 + CN¥89.85 |
CN¥299.27 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥299.27 / 996.56 |
CN¥0.3 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/HKD
(Reporting currency to currency of SEHK:3393) |
1.137 |
| Value per Share (HKD) |
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.3 x 1.137 |
HK$0.34 |
| Value per share (HKD) | From above. | HK$0.34 |
| Current discount | Discount to share price of
HK$3.61
= -1 x (HK$3.61 - HK$0.34) / HK$0.34 |
-957.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Wasion Holdings is above its future cash flow value.
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 Wasion Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Wasion Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CNY | CN¥0.27 |
| SEHK:3393 Share Price ** | SEHK (2019-05-23) in HKD | HK$3.61 |
| SEHK:3393 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.88 | CN¥3.18 |
| Hong Kong Electronic Industry PE Ratio | Median Figure of 59 Publicly-Listed Electronic Companies | 11.34x |
| Hong Kong Market PE Ratio | Median Figure of 1,478 Publicly-Listed Companies | 11.07x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Wasion Holdings.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:3393 Share Price ÷ EPS (both in CNY) = 3.18 ÷ 0.27 |
11.6x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Wasion Holdings is overvalued based on earnings compared to the HK Electronic industry average.
- Wasion Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Wasion Holdings's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 11.6x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
25%per year |
| Hong Kong Electronic Industry PEG Ratio | Median Figure of 13 Publicly-Listed Electronic Companies | 0.47x |
| Hong Kong Market PEG Ratio | Median Figure of 463 Publicly-Listed Companies | 0.79x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 11.6x ÷ 25% |
0.46x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Wasion Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Wasion Holdings's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CNY | CN¥4.18 |
| SEHK:3393 Share Price * | SEHK (2019-05-23) in HKD | HK$3.61 |
| SEHK:3393 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.88 | CN¥3.18 |
| 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 |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:3393 Share Price ÷ Book Value per Share (both in CNY) = 3.18 ÷ 4.18 |
0.76x |
* Primary Listing of Wasion Holdings.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Wasion Holdings is good value based on assets compared to the HK Electronic industry average.
Value checks
We assess Wasion Holdings's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) Wasion Holdings has a total score of 2/6, 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
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!
Earnings growth vs Low Risk Savings
- Wasion Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Wasion Holdings's earnings growth is expected to exceed the Hong Kong market average.
- Wasion Holdings's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:3393 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 25% |
| SEHK:3393 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 14% |
| Hong Kong Electronic Industry Earnings Growth Rate | Market Cap Weighted Average | 18.3% |
| Hong Kong Electronic Industry Revenue Growth Rate | Market Cap Weighted Average | 12.6% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.4% |
| 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
| 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 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 4,439 | 312 | 450 | 2 |
| 2019-12-31 | 3,910 | 296 | 357 | 1 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 3,340 | 146 | 271 |
| 2018-09-30 | 3,248 | 265 | 270 |
| 2018-06-30 | 3,155 | 384 | 268 |
| 2018-03-31 | 3,042 | 496 | 285 |
| 2017-12-31 | 2,928 | 609 | 302 |
| 2017-09-30 | 2,723 | 492 | 287 |
| 2017-06-30 | 2,519 | 375 | 272 |
| 2017-03-31 | 2,563 | 190 | 289 |
| 2016-12-31 | 2,608 | 6 | 307 |
| 2016-09-30 | 2,745 | 225 | 342 |
| 2016-06-30 | 2,882 | 444 | 376 |
| 2016-03-31 | 2,926 | 606 | 400 |
*GAAP earnings excluding extraordinary items.
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 Wasion Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 0.45 | 0.46 | 0.44 | 2.00 |
| 2019-12-31 | 0.36 | 0.36 | 0.35 | 3.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.27 |
| 2018-09-30 | 0.27 |
| 2018-06-30 | 0.27 |
| 2018-03-31 | 0.29 |
| 2017-12-31 | 0.30 |
| 2017-09-30 | 0.29 |
| 2017-06-30 | 0.27 |
| 2017-03-31 | 0.29 |
| 2016-12-31 | 0.30 |
| 2016-09-30 | 0.34 |
| 2016-06-30 | 0.37 |
| 2016-03-31 | 0.40 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Wasion Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Wasion Holdings has a total score of 4/6, 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 Wasion 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
Past Earnings growth analysis
- Wasion Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Wasion Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Wasion Holdings's 1-year earnings growth is negative, it can't be compared to the HK Electronic industry average.
Earnings and Revenue History
All data from Wasion Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 3,340.32 | 270.82 | 467.38 | 217.66 |
| 2018-09-30 | 3,247.83 | 269.55 | 467.02 | 206.78 |
| 2018-06-30 | 3,155.33 | 268.29 | 466.66 | 195.90 |
| 2018-03-31 | 3,041.66 | 284.93 | 466.67 | 188.75 |
| 2017-12-31 | 2,927.99 | 301.58 | 466.67 | 181.59 |
| 2017-09-30 | 2,723.38 | 286.61 | 445.39 | 176.89 |
| 2017-06-30 | 2,518.76 | 271.64 | 424.11 | 172.18 |
| 2017-03-31 | 2,563.13 | 289.45 | 410.11 | 159.61 |
| 2016-12-31 | 2,607.50 | 307.27 | 396.11 | 147.05 |
| 2016-09-30 | 2,744.88 | 341.64 | 396.81 | 142.85 |
| 2016-06-30 | 2,882.26 | 376.02 | 397.51 | 138.65 |
| 2016-03-31 | 2,925.65 | 399.78 | 389.41 | 140.99 |
| 2015-12-31 | 2,969.03 | 423.53 | 381.30 | 143.33 |
| 2015-09-30 | 3,008.45 | 478.51 | 374.07 | 129.46 |
| 2015-06-30 | 3,047.87 | 533.48 | 366.85 | 115.59 |
| 2015-03-31 | 2,929.87 | 507.96 | 370.03 | 113.90 |
| 2014-12-31 | 2,811.87 | 482.44 | 373.22 | 112.22 |
| 2014-09-30 | 2,721.89 | 459.38 | 371.64 | 125.21 |
| 2014-06-30 | 2,631.90 | 436.32 | 370.07 | 138.20 |
| 2014-03-31 | 2,522.12 | 418.72 | 363.07 | 136.11 |
| 2013-12-31 | 2,412.34 | 401.13 | 356.07 | 134.03 |
| 2013-09-30 | 2,456.85 | 382.14 | 368.30 | 131.11 |
| 2013-06-30 | 2,501.35 | 363.16 | 380.53 | 128.20 |
| 2013-03-31 | 2,476.82 | 343.15 | 368.13 | 122.88 |
| 2012-12-31 | 2,452.30 | 323.15 | 355.73 | 117.56 |
| 2012-09-30 | 2,301.99 | 297.90 | 323.21 | 102.06 |
| 2012-06-30 | 2,151.69 | 272.65 | 290.68 | 86.55 |
*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.
- Wasion Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Wasion Holdings used its assets less efficiently than the HK Electronic industry average last year based on Return on Assets.
- Wasion Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Wasion Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Wasion Holdings has a total score of 0/6, 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 Wasion 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 Wasion Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
- Wasion Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Wasion Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 4.1x 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.
All data from Wasion Holdings Company Filings, last reported 4 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 4,742.28 | 1,418.17 | 1,432.25 |
| 2018-09-30 | 4,742.28 | 1,418.17 | 1,432.25 |
| 2018-06-30 | 4,610.55 | 1,422.67 | 1,561.52 |
| 2018-03-31 | 4,610.55 | 1,422.67 | 1,561.52 |
| 2017-12-31 | 4,659.95 | 908.91 | 1,243.89 |
| 2017-09-30 | 4,659.95 | 908.91 | 1,243.89 |
| 2017-06-30 | 4,568.50 | 1,207.58 | 1,423.18 |
| 2017-03-31 | 4,568.50 | 1,207.58 | 1,423.18 |
| 2016-12-31 | 4,177.71 | 1,095.27 | 1,194.11 |
| 2016-09-30 | 4,177.71 | 1,095.27 | 1,194.11 |
| 2016-06-30 | 4,081.32 | 1,093.42 | 1,085.61 |
| 2016-03-31 | 4,081.32 | 1,093.42 | 1,085.61 |
| 2015-12-31 | 4,139.57 | 877.09 | 1,367.63 |
| 2015-09-30 | 4,139.57 | 877.09 | 1,367.63 |
| 2015-06-30 | 3,975.51 | 979.29 | 1,048.69 |
| 2015-03-31 | 3,975.51 | 979.29 | 1,048.69 |
| 2014-12-31 | 3,306.24 | 750.64 | 610.66 |
| 2014-09-30 | 3,306.24 | 750.64 | 610.66 |
| 2014-06-30 | 2,976.91 | 1,037.69 | 572.89 |
| 2014-03-31 | 2,976.91 | 1,037.69 | 572.89 |
| 2013-12-31 | 2,873.20 | 626.51 | 839.98 |
| 2013-09-30 | 2,873.20 | 626.51 | 839.98 |
| 2013-06-30 | 2,636.49 | 750.42 | 479.20 |
| 2013-03-31 | 2,636.49 | 750.42 | 479.20 |
| 2012-12-31 | 2,596.68 | 605.56 | 850.56 |
| 2012-09-30 | 2,596.68 | 605.56 | 850.56 |
| 2012-06-30 | 2,403.44 | 998.76 | 676.67 |
- Wasion Holdings's level of debt (29.9%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (22% vs 29.9% today).
- Debt is not well covered by operating cash flow (10.3%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 144.6x coverage).
Financial health checks
We assess Wasion Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Wasion Holdings has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Wasion 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
If you bought
HK$2,000 of
Wasion Holdings
shares you are expected to receive
HK$107
in your first year as a dividend.
Dividend Amount
- Wasion Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
- Wasion Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.77%).
Upcoming dividend payment
Purchase Wasion Holdings before the 'Buy Limit' to receive their next dividend payment.
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.
| 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.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.26 | 2.00 |
| 2019-12-31 | 0.20 | 3.00 |
| Date (Data in CN¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-17 | 0.171 | 5.167 |
| 2018-04-24 | 0.194 | 5.493 |
| 2018-03-28 | 0.194 | 5.793 |
| 2017-05-18 | 0.192 | 6.316 |
| 2017-04-11 | 0.212 | 6.286 |
| 2017-03-21 | 0.212 | 5.874 |
| 2016-04-11 | 0.200 | 5.517 |
| 2015-04-13 | 0.194 | 3.255 |
| 2015-03-23 | 0.194 | 2.593 |
| 2014-04-09 | 0.166 | 3.080 |
| 2014-03-21 | 0.166 | 3.990 |
| 2013-05-16 | 0.140 | 3.784 |
| 2013-04-10 | 0.144 | 4.034 |
| 2013-03-22 | 0.144 | 3.913 |
| 2012-03-28 | 0.120 | 4.523 |
| 2011-03-28 | 0.089 | 3.576 |
| 2010-04-14 | 0.093 | 2.167 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Wasion Holdings has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Wasion Holdings only paid a dividend in the past 9 years.
Income/ dividend checks
We assess Wasion Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Wasion Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Wasion 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
CEO
| COMPENSATION | CN¥633,000 |
| AGE | 50 |
CEO Bio
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 as a Director of finance with Hunan Weisheng between 1998 and 2000. She joined Wasion Meters Group in 2000 and was the director of finance and the director of the general manager's office from 2000 to 2003. She has been an Executive Director of Wasion Group Holdings Limited since March 3, 2005. She was appointed as a director of Changsha Weisheng Electronics Co., Ltd. (Changsha Weisheng) Changsha Weisheng in March 2004 and as an executive Director in March 2005. Ms. Cao serves as Director of each of Hunan Willfar, Weihua Property, Weizhong Machinery and Hunan Classic. Ms. Cao was accredited the honor of Woman Pioneer and Excellent Entrepreneur of Changsha in 2005. Ms. Cao graduated from Hunan Commerce College in financial accounting and obtained a degree in Economics from the Hunan Financial and Economic College.
CEO Compensation
- Zhao Hui's compensation has been consistent with company performance over the past year, both up more than 20%.
- Zhao Hui's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team
Wei Ji
Founder & Chairman
CN¥533K
61
19.3 yrs
Zhao Hui Cao
CEO & Executive Director
CN¥633K
50
Zhongping Tian
Executive Director & President
CN¥500K
38
Xiao Ping Zheng
Senior Engineer & Executive Director
CN¥581K
54
Xin Zeng
GM of Wasion Electric Limited & Executive Director
CN¥623K
47
Edward Choi
CFO & Company Secretary
49
Board of Directors Tenure
Average tenure and age of the Wasion Holdings board of directors in years:
- The tenure for the Wasion Holdings board of directors is about average.
Board of Directors
Wei Ji
Founder & Chairman
CN¥533K
61
Zhao Hui Cao
CEO & Executive Director
CN¥633K
50
14.2 yrs
Zhongping Tian
Executive Director & President
CN¥500K
38
2.3 yrs
Xiao Ping Zheng
Senior Engineer & Executive Director
CN¥581K
54
13.7 yrs
Xin Zeng
GM of Wasion Electric Limited & Executive Director
CN¥623K
47
13.7 yrs
Wing Kuen Hui
Independent Non-Executive Director
CN¥398K
70
4 yrs
Chit Kat
Non-Executive Director
CN¥260K
34
4.8 yrs
Shi Jie Cheng
Independent Non-Executive Director
CN¥157K
72
4.8 yrs
Wenpeng Luan
Independent Non-Executive Director
CN¥104K
53
3 yrs
Jing Huang
Independent Non-Executive Director
CN¥208K
61
2.6 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 22. Oct 18 | Buy | Wei Ji | Individual | 22. Oct 18 | 22. Oct 18 | 300,000 | HK$3.84 | HK$1,152,569 | ||
Management checks
We assess Wasion Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Wasion 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
Wasion Holdings Limited (HKG:3393): Ex-Dividend Is In 4 Days
See our latest analysis for Wasion Holdings 5 checks you should use to assess a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is it the top 25% annual dividend yield payer? … SEHK:3393 Historical Dividend Yield, May 19th 2019 How well does Wasion Holdings fit our criteria? … In terms of its peers, Wasion Holdings generates a yield of 5.2%, which is high for Electronic stocks but still below the market's top dividend payers.
Simply Wall St - – Full articleShould You Be Tempted To Sell Wasion Holdings Limited (HKG:3393) Because Of Its P/E Ratio?
We'll apply a basic P/E ratio analysis to Wasion Holdings Limited's (HKG:3393), to help you decide if the stock is worth further research. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 12.11 = CN¥3.32 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.27
Simply Wall St - – Full articleWhen Should You Buy Wasion Holdings Limited (HKG:3393)?
saw significant share price movement during recent months on the SEHK, rising to highs of HK$4.33 and falling to the lows of HK$3.83. … A question to answer is whether Wasion Holdings's current trading price of HK$3.97 reflective of the actual value of the? … Let’s take a look at Wasion Holdings’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleDid You Manage To Avoid Wasion Holdings's (HKG:3393) 31% Share Price Drop?
At this point some shareholders may be questioning their investment in Wasion Holdings Limited (HKG:3393), since the last five years saw the share price fall 31%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Looking back five years, both Wasion Holdings's share price and EPS declined; the latter at a rate of 8.8% per year.
Simply Wall St - – Full articleWasion Holdings Limited's (HKG:3393) Earnings Dropped -10%, How Did It Fare Against The Industry?
When Wasion Holdings Limited (HKG:3393) announced its most recent earnings (31 December 2018), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … 3393's trailing twelve-month earnings (from 31 December 2018) of CN¥271m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of -13%, indicating the rate at which 3393 is growing has slowed down
Simply Wall St - – Full articleCould Wasion Holdings Limited's (HKG:3393) Investor Composition Influence The Stock Price?
Wasion Holdings is a smaller company with a market capitalization of HK$4.1b, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company … View our latest analysis for Wasion Holdings
Simply Wall St - – Full articleShareholders Should Look Hard At Wasion Holdings Limited’s (HKG:3393) 5.1% Return On Capital
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed
Simply Wall St - – Full articleWasion Holdings Limited (HKG:3393) Is A Real Dividend Rock Star - Here Is Why
Over the past 10 years, the HK$4.0b market cap company has been growing its dividend payments, from CN¥0.084 to CN¥0.19. … Currently yielding 5.7%, let's take a closer look at Wasion Holdings's dividend profile. … It has paid dividend every year without dramatically reducing payout in the past
Simply Wall St - – Full articleWasion Holdings Limited (HKG:3393): Exploring Free Cash Flows
If you are currently a shareholder in Wasion Holdings Limited (HKG:3393), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … I will take you through Wasion Holdings’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Wasion Holdings’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure.
Simply Wall St - – Full articleWhat Makes Wasion Holdings Limited (HKG:3393) A Great Dividend Stock?
There is a lot to be liked about Wasion Holdings Limited (HKG:3393) as an income stock. … The company currently pays out a dividend yield of 5.6% to shareholders, making it a relatively attractive dividend stock. … Let's take a look at Wasion Holdings in more detail.
Simply Wall St - – Full articleCompany Info
Description
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. The company operates through Power Advanced Metering Infrastructure, Communication and Fluid Advanced Metering Infrastructure, and Advanced Distribution Operations segments. It offers smart meters, smart water meters, smart gas meters, and ultrasonic calorimeters; various meters and power quality monitoring devices; energy data collection terminals, load management terminals, and user management devices; and measurement automation systems and various application systems, services, and energy data mining, as well as system solution and communication terminals solution services. The company also offers high voltage switchgears, smart switchgears, circuit breakers, power distribution automation terminals, electrical and electronic devices for power quality control, and smart distribution systems, as well as engineering, energy-saving services, etc. In addition, it provides smart power distribution devices and energy efficiency solution services; and power meters and heat meters, as well as trades in electronic components. Additionally, the company offers energy meters; plastic, iron, and reinforced plastic meter boxes; switching smart socket; calibration devices; heat distribution system solution; and sensor products. The company was formerly known as Wasion Group Holdings Limited and changed its name to Wasion Holdings Limited in June 2018. The company was founded in 2000 and is based in Shueng Wan, Hong Kong. Wasion Holdings Limited is a subsidiary of Star Treasure Investments Holdings Limited.
Details
| Name: | Wasion Holdings Limited |
| 3393 | |
| Exchange: | SEHK |
| Founded: | 2000 |
| HK$3,637,450,113 | |
| 996,561,675 | |
| Website: | http://www.wasion.com |
| Address: |
Wasion Holdings Limited West Tower, Unit 2605, 26th Floor, Shueng Wan, 410205, Hong Kong |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 3393 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 19. Dec 2005 | |
| DB | W1U | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 19. Dec 2005 | |
| SZSC | 3393 | Ordinary Shares | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 19. Dec 2005 |
Number of employees
Current staff
Industry
| Electronic Equipment and Instruments | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/23 12:44 |
| End of day share price update: | 2019/05/23 00:00 |
| Last estimates confirmation: | 2019/04/08 |
| Last earnings filing: | 2019/04/17 |
| 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.
