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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with mediocre balance sheet.
Share Price & News
How has Wasion Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3393's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-9.5%
3393
-3.8%
HK Electronic
-2.8%
HK Market
1 Year Return
-53.6%
3393
-12.4%
HK Electronic
-1.7%
HK Market
Return vs Industry: 3393 underperformed the Hong Kong Electronic industry which returned -10% over the past year.
Return vs Market: 3393 underperformed the Hong Kong Market which returned 0.5% over the past year.
Shareholder returns
| 3393 | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.5% | -3.8% | -2.8% |
| 30 Day | -17.1% | 3.1% | 2.7% |
| 90 Day | -23.4% | -12.5% | -0.4% |
| 1 Year | -50.0%-53.6% | -9.7%-12.4% | 2.3%-1.7% |
| 3 Year | -44.4%-54.7% | -37.9%-43.1% | -8.7%-18.6% |
| 5 Year | -71.7%-79.6% | 12.4%-2.7% | 13.7%-5.4% |
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
4 days ago | Simply Wall St
Wasion Holdings (HKG:3393) Has A Pretty Healthy Balance Sheet2 weeks ago | Simply Wall St
Need To Know: Wasion Holdings Limited (HKG:3393) Insiders Have Been Buying Shares4 weeks ago | Simply Wall St
Here's What Wasion Holdings Limited's (HKG:3393) Shareholder Ownership Structure Looks LikeValuation
Is Wasion Holdings undervalued compared to its fair value and its price relative to the market?
30.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3393 (HK$1.8) is trading below our estimate of fair value (HK$2.59)
Significantly Below Fair Value: 3393 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3393 is good value based on its PE Ratio (6.7x) compared to the HK Electronic industry average (12.4x).
PE vs Market: 3393 is good value based on its PE Ratio (6.7x) compared to the Hong Kong market (10.9x).
Price to Earnings Growth Ratio
PEG Ratio: 3393 is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: 3393 is good value based on its PB Ratio (0.4x) compared to the HK Electronic industry average (0.8x).
Next Steps
Future Growth
How is Wasion Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
18.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3393's forecast earnings growth (18.5% per year) is above the savings rate (1.6%).
Earnings vs Market: 3393's earnings (18.5% per year) are forecast to grow slower than the Hong Kong market (22.2% per year).
High Growth Earnings: 3393's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3393's revenue (13.9% per year) is forecast to grow faster than the Hong Kong market (13.3% per year).
High Growth Revenue: 3393's revenue (13.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3393's Return on Equity is forecast to be low in 3 years time (8.9%).
Next Steps
Past Performance
How has Wasion Holdings performed over the past 5 years?
-12.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3393 has high quality earnings.
Growing Profit Margin: 3393's current net profit margins (6.6%) are lower than last year (8.4%).
Past Earnings Growth Analysis
Earnings Trend: 3393's earnings have declined by 12.8% per year over the past 5 years.
Accelerating Growth: 3393's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3393 had negative earnings growth (-25.4%) over the past year, making it difficult to compare to the Electronic industry average (-15.1%).
Return on Equity
High ROE: 3393's Return on Equity (5.9%) is considered low.
Next Steps
Financial Health
How is Wasion Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 3393's short term assets (CN¥8.4B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 3393's short term assets (CN¥8.4B) exceed its long term liabilities (CN¥159.8M).
Debt to Equity History and Analysis
Debt Level: 3393's debt to equity ratio (43.6%) is considered high.
Reducing Debt: 3393's debt to equity ratio has increased from 24.6% to 43.6% over the past 5 years.
Debt Coverage: 3393's debt is not well covered by operating cash flow (1.8%).
Interest Coverage: 3393's interest payments on its debt are well covered by EBIT (11.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Wasion Holdings's current dividend yield, its reliability and sustainability?
13.42%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 3393's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 3393's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 3393's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 3393's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 3393 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 3393's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.4yrs
Average board tenure
CEO
Zhao Hui Cao (52 yo)
no data
Tenure
CN¥635,000
Compensation
Ms. Zhao Hui Cao serves as the Chief Executive Officer of Wasion Holdings Limited (formerly known as Wasion Group Holdings Limited). Ms. Cao served as Director of finance and Deputy General Manager of Wasi ...
CEO Compensation Analysis
Compensation vs Market: Zhao Hui's total compensation ($USD94.57K) is below average for companies of similar size in the Hong Kong market ($USD291.97K).
Compensation vs Earnings: Zhao Hui's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | no data | CN¥549.00k | 53.25% CN¥ 965.1m | |
| CEO & Executive Director | no data | CN¥635.00k | 0.20% CN¥ 3.6m | |
| President & Executive Director | 3.75yrs | CN¥491.00k | no data | |
| Senior Engineer & Executive Director | 15.08yrs | CN¥581.00k | 0.20% CN¥ 3.6m | |
| Executive Director | 0.33yr | CN¥287.36k | 0.035% CN¥ 636.9k | |
| Independent Non-Executive Director | 0.33yr | CN¥82.00k | 0.012% CN¥ 218.4k | |
| Non-Executive Director | 6.17yrs | CN¥266.00k | no data | |
| Independent Non-Executive Director | 6.17yrs | CN¥161.00k | no data | |
| Independent Non-Executive Director | 4.42yrs | CN¥106.00k | no data | |
| Independent Non-Executive Director | 0.25yr | no data | no data |
4.4yrs
Average Tenure
55.5yo
Average Age
Experienced Board: 3393's board of directors are considered experienced (4.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
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$1.813b
- Shares outstanding: 995.88m
- 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 | 2020/10/30 12:32 |
| End of Day Share Price | 2020/10/30 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.