Executive Summary
Wong's Kong King International (Holdings) Limited, an investment holding company, trades in and distributes chemicals, materials, and equipment for use in the manufacture of printed circuit boards and electronic products.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and undervalued.
Share Price & News
How has Wong's Kong King International (Holdings)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 532 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
532
8.6%
HK Electronic
5.8%
HK Market
1 Year Return
-33.3%
532
4.9%
HK Electronic
-4.0%
HK Market
Return vs Industry: 532 underperformed the Hong Kong Electronic industry which returned 4.9% over the past year.
Return vs Market: 532 underperformed the Hong Kong Market which returned -4% over the past year.
Shareholder returns
| 532 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 8.6% | 5.8% |
| 30 Day | 5.3% | 3.4% | 4.0% |
| 90 Day | -10.4% | -10.9% | -2.6% |
| 1 Year | -32.4%-33.3% | 7.1%4.9% | -0.6%-4.0% |
| 3 Year | -12.2%-26.8% | -21.8%-27.5% | 1.3%-9.2% |
| 5 Year | -10.9%-31.0% | 13.2%-1.6% | -9.2%-23.5% |
Price Volatility Vs. Market
How volatile is Wong's Kong King International (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
We Think Wong's Kong King International (Holdings) (HKG:532) Can Stay On Top Of Its Debt2 weeks ago | Simply Wall St
Imagine Owning Wong's Kong King International (Holdings) (HKG:532) And Wondering If The 42% Share Price Slide Is Justified1 month ago | Simply Wall St
Do Directors Own Wong's Kong King International (Holdings) Limited (HKG:532) Shares?Valuation
Is Wong's Kong King International (Holdings) undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 532 (HK$0.6) is trading below our estimate of fair value (HK$16.34)
Significantly Below Fair Value: 532 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 532 is good value based on its PE Ratio (6.8x) compared to the Electronic industry average (9.2x).
PE vs Market: 532 is good value based on its PE Ratio (6.8x) compared to the Hong Kong market (9.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 532's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 532 is good value based on its PB Ratio (0.3x) compared to the HK Electronic industry average (0.7x).
Next Steps
Future Growth
How is Wong's Kong King International (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
20.5%
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wong's Kong King International (Holdings) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Wong's Kong King International (Holdings) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Wong's Kong King International (Holdings) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
Past Performance
How has Wong's Kong King International (Holdings) performed over the past 5 years?
12.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 532 has high quality earnings.
Growing Profit Margin: 532's current net profit margins (1.2%) are lower than last year (1.6%).
Past Earnings Growth Analysis
Earnings Trend: 532's earnings have grown by 12% per year over the past 5 years.
Accelerating Growth: 532's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 532 had negative earnings growth (-21.6%) over the past year, making it difficult to compare to the Electronic industry average (-4.3%).
Return on Equity
High ROE: 532's Return on Equity (4.1%) is considered low.
Next Steps
Financial Health
How is Wong's Kong King International (Holdings)'s financial position?
Financial Position Analysis
Short Term Liabilities: 532's short term assets (HK$2.8B) exceed its short term liabilities (HK$1.7B).
Long Term Liabilities: 532's short term assets (HK$2.8B) exceed its long term liabilities (HK$26.4M).
Debt to Equity History and Analysis
Debt Level: 532's debt to equity ratio (39.5%) is considered satisfactory.
Reducing Debt: 532's debt to equity ratio has reduced from 44% to 39.5% over the past 5 years.
Debt Coverage: 532's debt is well covered by operating cash flow (77.4%).
Interest Coverage: 532's interest payments on its debt are well covered by EBIT (5.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Wong's Kong King International (Holdings)'s current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 532's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 532'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 532's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 532's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 532 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 532'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?
24.3yrs
Average board tenure
CEO
Edward Tsui (72yo)
5.25yrs
Tenure
HK$7,300,000
Compensation
Mr. Ying-Chun Tsui, also known as Edward, has been Chief Executive Officer of Wong's Kong King International (Holdings) Limited since March 1, 2015. Mr. Tsui serves as Director of Taiwan Kong King Co.,Ltd ...
CEO Compensation Analysis
Compensation vs Market: Edward's total compensation ($USD941.93K) is above average for companies of similar size in the Hong Kong market ($USD228.98K).
Compensation vs Earnings: Edward's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 30.25yrs | HK$12.87m | 28.49% HK$124.7m | |
| CEO, Group President & Executive Director | 5.25yrs | HK$7.30m | 1.04% HK$4.5m | |
| CFO & Executive Director | 30.25yrs | HK$6.77m | 0.53% HK$2.3m | |
| Executive Director | 24.33yrs | HK$6.96m | 0.74% HK$3.2m | |
| Executive Director | 2.75yrs | HK$3.72m | 0.021% HK$92.4k | |
| Executive Director | 2.75yrs | HK$1.54m | no data | |
| President & Director of Taiwan Kong King Co Limited | no data | no data | no data | |
| President & Representative Director of WKK Japan Limited | 11.17yrs | no data | no data | |
| GM & Director of WKK China Limited | no data | no data | no data | |
| GM of Sales & Project Management Dept of WKK Technology Ltd and Director of WKK Technology Ltd | no data | no data | no data |
24.3yrs
Average Tenure
71yo
Average Age
Experienced Board: 532's board of directors are seasoned and experienced ( 24.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 532 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
Wong's Kong King International (Holdings) Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Wong's Kong King International (Holdings) Limited
- Ticker: 532
- Exchange: SEHK
- Founded: 1975
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: HK$437.669m
- Shares outstanding: 729.45m
- Website: https://www.wkkintl.com
Number of Employees
Location
- Wong's Kong King International (Holdings) Limited
- Harbourside HQ
- 17th Floor
- Kowloon Bay
- Kowloon
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 532 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jan 1992 |
Biography
Wong's Kong King International (Holdings) Limited, an investment holding company, trades in and distributes chemicals, materials, and equipment for use in the manufacture of printed circuit boards and electronic products. It operates in two segments, Trading and Manufacturing. The company is involved in trading and distributing of plastic and industrial products, semi-conductors equipment, electronics components, printed circuit boards, and other related products; trading, distributing, and installing of turnkey production facilities; and designing, producing, and testing of electronics components. It also manufactures and sells electrical and electronic products for original equipment manufacturers; and film and plastic products. In addition, the company provides marketing, engineering, travel ticketing, and maintenance and after sales services. It operates in North America, Europe, Hong Kong, Mainland China, Taiwan, and internationally. Wong’s Kong King International (Holdings) Limited was founded in 1975 and is headquartered in Kowloon Bay, Hong Kong.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/06 12:37 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2019/12/31 |
| 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.