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Wong's Kong King International (Holdings)

SEHK:532
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532
SEHK
HK$788M
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

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. The last earnings update was 9 days ago. More info.


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532 Share Price and Events
7 Day Returns
0.9%
SEHK:532
-1.1%
HK Electronic
0.5%
HK Market
1 Year Returns
-10%
SEHK:532
-36.9%
HK Electronic
-6.7%
HK Market
532 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wong's Kong King International (Holdings) (532) 0.9% 2.9% 4.9% -10% 77% 63.6%
HK Electronic -1.1% -1.4% 17.3% -36.9% 21.9% 40.1%
HK Market 0.5% 2.3% 13.6% -6.7% 30.3% 18.8%
1 Year Return vs Industry and Market
  • 532 outperformed the Electronic industry which returned -36.9% over the past year.
  • 532 underperformed the Market in Hong Kong which returned -6.7% over the past year.
Price Volatility
532
Industry
5yr Volatility vs Market

Value

 Is Wong's Kong King International (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 Wong's Kong King International (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 Wong's Kong King International (Holdings).

SEHK:532 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 12.9%
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:532
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 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.063 (1 + (1- 25%) (111.24%))
1.637
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.64
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.637 * 6.65%)
12.89%

Discounted Cash Flow Calculation for SEHK:532 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wong's Kong King International (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:532 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 12.89%)
2019 17.50 Est @ 10.11% 15.50
2020 18.84 Est @ 7.68% 14.78
2021 19.97 Est @ 5.97% 13.88
2022 20.92 Est @ 4.78% 12.88
2023 21.75 Est @ 3.95% 11.86
2024 22.48 Est @ 3.37% 10.86
2025 23.14 Est @ 2.96% 9.91
2026 23.76 Est @ 2.67% 9.01
2027 24.35 Est @ 2.47% 8.18
2028 24.92 Est @ 2.33% 7.41
Present value of next 10 years cash flows HK$114.28
SEHK:532 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$24.92 × (1 + 2%) ÷ (12.89% – 2%)
HK$233.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$233.53 ÷ (1 + 12.89%)10
HK$69.49
SEHK:532 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$114.28 + HK$69.49
HK$183.77
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$183.77 / 729.45
HK$0.25
SEHK:532 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.25
Current discount Discount to share price of HK$1.08
= -1 x (HK$1.08 - HK$0.25) / HK$0.25
-328.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Wong's Kong King International (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 Wong's Kong King International (Holdings)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wong's Kong King International (Holdings)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:532 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.11
SEHK:532 Share Price ** SEHK (2019-03-22) in HKD HK$1.08
Hong Kong Electronic Industry PE Ratio Median Figure of 61 Publicly-Listed Electronic Companies 9.72x
Hong Kong Market PE Ratio Median Figure of 1,498 Publicly-Listed Companies 10.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Wong's Kong King International (Holdings).

SEHK:532 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:532 Share Price ÷ EPS (both in HKD)

= 1.08 ÷ 0.11

9.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wong's Kong King International (Holdings) is good value based on earnings compared to the HK Electronic industry average.
  • Wong's Kong King International (Holdings) is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Wong's Kong King International (Holdings)'s expected growth come at a high price?
Raw Data
SEHK:532 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
18.2%per year
Hong Kong Electronic Industry PEG Ratio Median Figure of 13 Publicly-Listed Electronic Companies 0.75x
Hong Kong Market PEG Ratio Median Figure of 471 Publicly-Listed Companies 0.81x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Wong's Kong King International (Holdings), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wong's Kong King International (Holdings)'s assets?
Raw Data
SEHK:532 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$2.20
SEHK:532 Share Price * SEHK (2019-03-22) in HKD HK$1.08
Hong Kong Electronic Industry PB Ratio Median Figure of 82 Publicly-Listed Electronic Companies 1.1x
Hong Kong Market PB Ratio Median Figure of 2,139 Publicly-Listed Companies 0.99x
SEHK:532 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:532 Share Price ÷ Book Value per Share (both in HKD)

= 1.08 ÷ 2.20

0.49x

* Primary Listing of Wong's Kong King International (Holdings).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wong's Kong King International (Holdings) is good value based on assets compared to the HK Electronic industry average.
X
Value checks
We assess Wong's Kong King International (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. Wong's Kong King International (Holdings) has a total score of 3/6, 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 Wong's Kong King International (Holdings) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Wong's Kong King International (Holdings), future earnings growth has been estimated based on fundamentals.
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
18.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wong's Kong King International (Holdings) expected to grow at an attractive rate?
  • Wong's Kong King International (Holdings)'s earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Wong's Kong King International (Holdings)'s earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Wong's Kong King International (Holdings)'s revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:532 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:532 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 18.2%
Hong Kong Electronic Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
Hong Kong Electronic Industry Revenue Growth Rate Market Cap Weighted Average 13.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*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:532 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:532 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:532 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 5,296 82
2018-09-30 5,247 102
2018-06-30 5,198 -59 123
2018-03-31 5,063 -4 117
2017-12-31 4,928 51 111
2017-09-30 4,721 -25 85
2017-06-30 4,514 -101 58
2017-03-31 4,402 -3 52
2016-12-31 4,289 94 45
2016-09-30 4,424 227 45
2016-06-30 4,559 359 45
2016-03-31 4,740 322 46

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wong's Kong King International (Holdings)'s earnings are expected to grow by 18.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Wong's Kong King International (Holdings) is high growth as no revenue estimate data is available.
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:532 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Wong's Kong King International (Holdings) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:532 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:532 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.11
2018-09-30 0.14
2018-06-30 0.17
2018-03-31 0.16
2017-12-31 0.15
2017-09-30 0.11
2017-06-30 0.08
2017-03-31 0.07
2016-12-31 0.06
2016-09-30 0.06
2016-06-30 0.06
2016-03-31 0.06

*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.
  • Unable to establish if Wong's Kong King International (Holdings) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Wong's Kong King International (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.
Wong's Kong King International (Holdings) has a total score of 2/6, 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 Wong's Kong King International (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 Wong's Kong King International (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.
  • Wong's Kong King International (Holdings)'s year on year earnings growth rate has been positive over the past 5 years.
  • Wong's Kong King International (Holdings)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Wong's Kong King International (Holdings)'s 1-year earnings growth is negative, it can't be compared to the HK Electronic industry average.
Earnings and Revenue History
Wong's Kong King International (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 Wong's Kong King International (Holdings) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:532 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,296.41 82.11 675.33
2018-09-30 5,247.39 102.41 681.63
2018-06-30 5,198.36 122.71 687.93
2018-03-31 5,063.33 117.09 670.52
2017-12-31 4,928.31 111.47 653.12
2017-09-30 4,720.98 84.92 631.90
2017-06-30 4,513.66 58.37 610.68
2017-03-31 4,401.51 51.77 612.95
2016-12-31 4,289.35 45.16 615.21
2016-09-30 4,424.29 45.22 631.95
2016-06-30 4,559.23 45.28 648.69
2016-03-31 4,740.40 46.16 663.15
2015-12-31 4,921.57 47.04 677.60
2015-09-30 5,254.57 49.20 696.49
2015-06-30 5,587.57 51.36 715.38
2015-03-31 5,682.81 59.00 708.42
2014-12-31 5,778.06 66.64 701.46
2014-09-30 5,743.16 64.81 688.57
2014-06-30 5,708.27 62.97 675.69
2014-03-31 5,737.01 54.17 676.00
2013-12-31 5,765.76 45.38 676.31
2013-09-30 5,609.32 40.28 666.41
2013-06-30 5,452.89 35.18 656.50
2013-03-31 5,351.09 38.74 643.02
2012-12-31 5,249.29 42.30 629.54
2012-09-30 5,178.57 50.60 610.08
2012-06-30 5,115.00 58.90 590.61
2012-03-31 5,176.26 67.18 580.57

*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.
  • Wong's Kong King International (Holdings) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wong's Kong King International (Holdings) used its assets less efficiently than the HK Electronic industry average last year based on Return on Assets.
  • Wong's Kong King International (Holdings) has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wong's Kong King International (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.
Wong's Kong King International (Holdings) has a total score of 2/6, 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 Wong's Kong King International (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 Wong's Kong King International (Holdings)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wong's Kong King International (Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wong's Kong King International (Holdings)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wong's Kong King International (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 3.4x 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 Wong's Kong King International (Holdings) Company Filings, last reported 2 months ago.

SEHK:532 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,672.17 876.39 403.09
2018-09-30 1,672.17 876.39 403.09
2018-06-30 1,630.75 931.06 756.12
2018-03-31 1,630.75 931.06 756.12
2017-12-31 1,679.39 711.19 687.93
2017-09-30 1,679.39 711.19 687.93
2017-06-30 1,595.43 776.06 661.01
2017-03-31 1,595.43 776.06 661.01
2016-12-31 1,584.42 372.31 363.78
2016-09-30 1,584.42 372.31 363.78
2016-06-30 1,563.66 530.19 596.73
2016-03-31 1,563.66 530.19 596.73
2015-12-31 1,581.68 502.52 457.39
2015-09-30 1,581.68 502.52 457.39
2015-06-30 1,563.79 751.61 497.71
2015-03-31 1,563.79 751.61 497.71
2014-12-31 1,568.00 690.24 430.34
2014-09-30 1,568.00 690.24 430.34
2014-06-30 1,530.70 914.76 608.15
2014-03-31 1,530.70 914.76 608.15
2013-12-31 1,529.34 923.95 734.79
2013-09-30 1,529.34 923.95 734.79
2013-06-30 1,480.12 1,406.87 852.18
2013-03-31 1,480.12 1,406.87 852.18
2012-12-31 1,489.38 820.04 521.04
2012-09-30 1,498.50 820.04 521.04
2012-06-30 1,458.53 924.08 580.48
2012-03-31 1,458.53 924.08 580.48
  • Wong's Kong King International (Holdings)'s level of debt (52.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (60.4% vs 52.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 8.1x coverage).
X
Financial health checks
We assess Wong's Kong King International (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. Wong's Kong King International (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 Wong's Kong King International (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
6.02%
Current annual income from Wong's Kong King International (Holdings) dividends.
If you bought HK$2,000 of Wong's Kong King International (Holdings) shares you are expected to receive HK$120 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?
  • Wong's Kong King International (Holdings)'s pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.02%).
  • Wong's Kong King International (Holdings)'s dividend is above the markets top 25% of dividend payers in Hong Kong (5.34%).
Upcoming dividend payment

Purchase Wong's Kong King International (Holdings) on or 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:532 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 0 Analyst Estimates (S&P Global) See Below
Hong Kong Electronic Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 2.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 926 Stocks 3.5%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:532 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:532 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-14 0.065 6.010
2018-04-26 0.070 6.342
2017-09-27 0.020 1.669
2017-08-28 0.020 1.891
2017-04-27 0.035 3.929
2016-04-27 0.030 3.685
2016-03-30 0.030 4.598
2015-06-12 0.025 3.721
2014-04-29 0.020 2.769
2014-03-25 0.020 3.004
2013-04-26 0.015 2.137
2013-03-27 0.015 1.973
2012-09-11 0.000 0.000
2012-08-30 0.000 0.000
2012-03-29 0.020 2.831
2011-08-30 0.030 3.925
2011-03-30 0.040 4.533
2010-09-13 0.020 2.258
2010-08-30 0.020 2.563
2010-04-15 0.000 0.000
2010-03-31 0.000 0.000
2009-09-02 0.000 0.000
2009-04-09 0.000 0.000
2009-04-03 0.000 0.000
2009-03-24 0.040 6.717

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wong's Kong King International (Holdings)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Wong's Kong King International (Holdings)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Wong's Kong King International (Holdings) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wong's Kong King International (Holdings) has a total score of 4/6, 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 Wong's Kong King International (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
Edward Tsui
COMPENSATION HK$7,411,000
AGE 71
TENURE AS CEO 4 years
CEO Bio

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 the Group President of Wong's Kong King International (Holdings) Limited. He served as Chief Operating Officer at Wong's Kong King International Holdings Ltd. He served as General Manager in charge of Corporate Administration of WIH Group since 1982. In 1985, he became The General Manager and in 1987, a Director of the Group. Mr. Tsui had extensive experience in broadcasting, trading and manufacturing before joining the WIH Group. He has been an Executive Director of Wong's Kong King International(Holdings) Limited since March 20, 1990. He obtained a Bachelor of Arts degree from the University of Hong Kong.

CEO Compensation
  • Edward's compensation has been consistent with company performance over the past year.
  • Edward's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Senta Wong

TITLE
Chairman of the Board
COMPENSATION
HK$13M
AGE
75

Edward Tsui

TITLE
CEO, Group President & Executive Director
COMPENSATION
HK$7M
AGE
71
TENURE
4 yrs

Byron Ho

TITLE
CFO & Executive Director
COMPENSATION
HK$7M
AGE
73

Victor Chang

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
43

Wong Vinci

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
47

Bengie Kwong

TITLE
Executive Director
COMPENSATION
HK$7M
AGE
70
TENURE
17.8 yrs

Tony Yu

TITLE
General Manager of WKK Trading (Shanghai) Co Ltd and General Manager of Suzhou Branch
COMPENSATION
HK$180K
AGE
50

Alvin Chung

TITLE
General Manager of Human Resources & Administration Department
AGE
70

Bruce Bacon

TITLE
President of WKK America (Holdings) Inc
AGE
59

Smale Liao

TITLE
President of Taiwan Kong King Co Limited and Director of Taiwan Kong King Co Limited
AGE
54
Board of Directors Tenure

Average tenure and age of the Wong's Kong King International (Holdings) board of directors in years:

23.1
Average Tenure
70
Average Age
  • The average tenure for the Wong's Kong King International (Holdings) board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Senta Wong

TITLE
Chairman of the Board
COMPENSATION
HK$13M
AGE
75
TENURE
29 yrs

Edward Tsui

TITLE
CEO, Group President & Executive Director
COMPENSATION
HK$7M
AGE
71
TENURE
29 yrs

Byron Ho

TITLE
CFO & Executive Director
COMPENSATION
HK$7M
AGE
73
TENURE
29 yrs

Victor Chang

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
43
TENURE
1.5 yrs

Wong Vinci

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
47
TENURE
1.5 yrs

Bengie Kwong

TITLE
Executive Director
COMPENSATION
HK$7M
AGE
70
TENURE
23.1 yrs

Smale Liao

TITLE
President of Taiwan Kong King Co Limited and Director of Taiwan Kong King Co Limited
AGE
54

Masato Watanabe

TITLE
President of WKK Japan Limited and Representative Director of WKK Japan Limited
AGE
71
TENURE
9.9 yrs

Chuen-Hau Yeung

TITLE
General Manager of WKK China Limited and Director of WKK China Limited
AGE
70

Ben Wong

TITLE
GM of Sales & Project Management Dept of WKK Technology Ltd and Director of WKK Technology Ltd
AGE
62
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$) Value (HK$)
X
Management checks
We assess Wong's Kong King International (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. Wong's Kong King International (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

Did Wong's Kong King International (Holdings)'s (HKG:532) Share Price Deserve to Gain 73%?

Just take a look at Wong's Kong King International (Holdings) Limited (HKG:532), which is up 73%, over three years, soundly beating the market return of 28% (not including dividends). … View our latest analysis for Wong's Kong King International (Holdings). … During three years of share price growth, Wong's Kong King International (Holdings) achieved compound earnings per share growth of 34% per year.

Simply Wall St -

Could Wong's Kong King International (Holdings) Limited's (HKG:532) Investor Composition Influence The Stock Price?

The big shareholder groups in Wong's Kong King International (Holdings) Limited (HKG:532) have power over the company. … Wong's Kong King International (Holdings) is a smaller company with a market capitalization of HK$759m, so it may still be flying under the radar of many institutional investors. … institutions own shares in the company

Simply Wall St -

Is Wong's Kong King International (Holdings) Limited (HKG:532) A Smart Pick For Income Investors?

Historically, Wong's Kong King International (Holdings) Limited (HKG:532) has paid dividends to shareholders, and these days it yields 6.8%. … Does Wong's Kong King International (Holdings) tick all the boxes of a great dividend stock? … Check out our latest analysis for Wong's Kong King International (Holdings)

Simply Wall St -

Here's What Wong's Kong King International (Holdings) Limited's (HKG:532) P/E Ratio Is Telling Us

To keep it practical, we'll show how Wong's Kong King International (Holdings) Limited's (HKG:532) P/E ratio could help you assess the value on offer. … Wong's Kong King International (Holdings) has a price to earnings ratio of 6.11, based on the last twelve months. … Check out our latest analysis for Wong's Kong King International (Holdings)?

Simply Wall St -

Is Wong's Kong King International (Holdings) Limited's (HKG:532) CEO Paid At A Competitive Rate?

Edward Tsui has been the CEO of Wong's Kong King International (Holdings) Limited (HKG:532) since 2015. … View our latest analysis for Wong's Kong King International (Holdings)? … Our data indicates that Wong's Kong King International (Holdings) Limited is worth HK$737m, and total annual CEO compensation is HK$7.4m.

Simply Wall St -

Do Directors Own Wong's Kong King International (Holdings) Limited (HKG:532) Shares?

Every investor in Wong's Kong King International (Holdings) Limited (HKG:532) should be aware of the most powerful shareholder groups. … With a market capitalization of HK$759m, Wong's Kong King International (Holdings) is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Wong's Kong King International (Holdings)

Simply Wall St -

Wong's Kong King International (Holdings) Limited (HKG:532): What Are Investors Earning On Their Capital?

and looking to gauge the potential return on investment in Wong's Kong King International (Holdings) Limited (HKG:532). … Buying Wong's Kong King International (Holdings) makes you a partial owner of the company. … Thus, to understand how your money can grow by investing in Wong's Kong King International (Holdings), you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Is Wong's Kong King International (Holdings) Limited (HKG:532) Attractive At Its Current PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … Wong's Kong King International (Holdings) Limited (HKG:532) trades with a trailing P/E of 6.4, which is lower than the industry average of 8.3. … Check out our latest analysis for Wong's Kong King International (Holdings)

Simply Wall St -

What Investors Should Know About Wong's Kong King International (Holdings) Limited's (HKG:532) Financial Strength

Investors are always looking for growth in small-cap stocks like Wong's Kong King International (Holdings) Limited (HKG:532), with a market cap of HK$831.6m. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Who Are The Major Shareholders Of Wong's Kong King International (Holdings) Limited (HKG:532)?

Today, I will be analyzing Wong's Kong King International (Holdings) Limited’s (HKG:532) recent ownership structure, an important but not-so-popular subject among individual investors. … Therefore, it is beneficial for us to examine 532's ownership structure in more detail. … Check out our latest analysis for Wong's Kong King International (Holdings)

Simply Wall St -

Company Info

Description

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. The company operates in two segments, Trading and Manufacturing. The company is involved in trading and distributing plastic and industrial products, and semi-conductors equipment, as well as electronics components, printed circuit boards, and other related products; trading, distributing, and installing turnkey production facilities; and manufacturing, general trading, and distributing industrial products. 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, hospital management, 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.

Details
Name: Wong's Kong King International (Holdings) Limited
532
Exchange: SEHK
Founded: 1975
HK$787,803,801
729,447,964
Website: http://www.wkk.com.hk
Address: Wong's Kong King International (Holdings) Limited
Octa Tower,
17th Floor,
Kowloon Bay,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 532 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
Number of employees
Current staff
Staff numbers
5,617
Wong's Kong King International (Holdings) employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 12:34
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2017/04/27
Last earnings filing: 2019/03/14
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.