Loading...

Wasion Holdings

SEHK:3393
Snowflake Description

Adequate balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3393
SEHK
HK$4B
Market Cap
  1. Home
  2. HK
  3. Tech
Company 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 last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
3393 Share Price and Events
7 Day Returns
-5%
SEHK:3393
-7.7%
HK Electronic
-2.2%
HK Market
1 Year Returns
-22.2%
SEHK:3393
-42%
HK Electronic
-15.4%
HK Market
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.
Price Volatility
3393
Industry
5yr Volatility vs Market

Value

 Is Wasion 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 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.
Raw Data

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

SEHK:3393 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 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.

Calculation of Discount Rate/ Cost of Equity for SEHK:3393
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.

SEHK:3393 DCF 1st Stage: Next 10 year cash flow forecast
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
SEHK:3393 DCF 2nd Stage: Terminal Value
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
SEHK:3393 Total Equity Value
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
SEHK:3393 Discount to Share Price
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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
SEHK:3393 PE (Price to Earnings) Ratio Data Sources
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.

SEHK:3393 PE (Price to Earnings) Ratio Calculation
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?
Raw Data
SEHK:3393 PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

SEHK:3393 PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
SEHK:3393 PB (Price to Book) Ratio Data Sources
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
SEHK:3393 PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Wasion 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. 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

 How is Wasion 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
25%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wasion Holdings expected to grow at an attractive rate?
  • 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
Raw Data
SEHK:3393 Future Growth Rates Data Sources
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
Raw Data
SEHK:3393 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 CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:3393 Future Estimates Data
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
SEHK:3393 Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Wasion Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Wasion Holdings's revenue is expected to grow by 14% 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:3393 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.

SEHK:3393 Future Estimates Data
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
SEHK:3393 Past Financials Data
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.

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.
  • Wasion Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Wasion 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.
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
Below we compare Wasion 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.
  • 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
Wasion 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 Wasion Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3393 Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Wasion 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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Wasion 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 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.
Raw Data

All data from Wasion Holdings Company Filings, last reported 4 months ago.

SEHK:3393 Past Debt and Equity Data
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).
X
Financial health checks
We assess Wasion 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. Wasion 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 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
Dividend payments
5.37%
Current annual income from Wasion Holdings dividends. Estimated to be 7.06% next year.
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
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?
  • 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.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:3393 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:3393 Future Dividends Estimate Data
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
SEHK:3393 Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of Wasion Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Wasion 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 Wasion Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Wasion 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
Zhao Hui Cao
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

TITLE
Founder & Chairman
COMPENSATION
CN¥533K
AGE
61
TENURE
19.3 yrs

Zhao Hui Cao

TITLE
CEO & Executive Director
COMPENSATION
CN¥633K
AGE
50

Zhongping Tian

TITLE
Executive Director & President
COMPENSATION
CN¥500K
AGE
38

Xiao Ping Zheng

TITLE
Senior Engineer & Executive Director
COMPENSATION
CN¥581K
AGE
54

Xin Zeng

TITLE
GM of Wasion Electric Limited & Executive Director
COMPENSATION
CN¥623K
AGE
47

Edward Choi

TITLE
CFO & Company Secretary
AGE
49
Board of Directors Tenure

Average tenure and age of the Wasion Holdings board of directors in years:

4.8
Average Tenure
53.5
Average Age
  • The tenure for the Wasion Holdings board of directors is about average.
Board of Directors

Wei Ji

TITLE
Founder & Chairman
COMPENSATION
CN¥533K
AGE
61

Zhao Hui Cao

TITLE
CEO & Executive Director
COMPENSATION
CN¥633K
AGE
50
TENURE
14.2 yrs

Zhongping Tian

TITLE
Executive Director & President
COMPENSATION
CN¥500K
AGE
38
TENURE
2.3 yrs

Xiao Ping Zheng

TITLE
Senior Engineer & Executive Director
COMPENSATION
CN¥581K
AGE
54
TENURE
13.7 yrs

Xin Zeng

TITLE
GM of Wasion Electric Limited & Executive Director
COMPENSATION
CN¥623K
AGE
47
TENURE
13.7 yrs

Wing Kuen Hui

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥398K
AGE
70
TENURE
4 yrs

Chit Kat

TITLE
Non-Executive Director
COMPENSATION
CN¥260K
AGE
34
TENURE
4.8 yrs

Shi Jie Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥157K
AGE
72
TENURE
4.8 yrs

Wenpeng Luan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥104K
AGE
53
TENURE
3 yrs

Jing Huang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥208K
AGE
61
TENURE
2.6 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$) Value (HK$)
22. Oct 18 Buy Wei Ji Individual 22. Oct 18 22. Oct 18 300,000 HK$3.84 HK$1,152,569
X
Management checks
We assess Wasion 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. 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 -

Should 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 -

When 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 -

Did 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 -

Wasion 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 -

Could 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 -

Shareholders 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 -

Wasion 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 -

Wasion 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 -

What 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 -

Company 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
Staff numbers
3,640
Wasion Holdings employees.
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.