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Telecom Digital Holdings

SEHK:6033
Snowflake Description

Outstanding track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6033
SEHK
HK$1B
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

Telecom Digital Holdings Limited, an investment holding company, engages in the telecommunications and related businesses in Hong Kong and Macau. The last earnings update was 173 days ago. More info.


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6033 Share Price and Events
7 Day Returns
0.4%
SEHK:6033
-9.8%
HK Electronic
-3.5%
HK Market
1 Year Returns
4.4%
SEHK:6033
-42.6%
HK Electronic
-16.8%
HK Market
6033 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Telecom Digital Holdings (6033) 0.4% -1.7% 1.8% 4.4% 17.9% -
HK Electronic -9.8% -20.6% -15.1% -42.6% 2.1% 18.2%
HK Market -3.5% -9.6% -4.2% -16.8% 24.6% 7.2%
1 Year Return vs Industry and Market
  • 6033 outperformed the Electronic industry which returned -42.6% over the past year.
  • 6033 outperformed the Market in Hong Kong which returned -16.8% over the past year.
Price Volatility
6033
Industry
5yr Volatility vs Market

6033 Value

 Is Telecom Digital 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 Telecom Digital 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 Telecom Digital Holdings.

SEHK:6033 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 9.4%
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:6033
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))
= 1.046 (1 + (1- 25%) (16.29%))
1.116
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.116 * 6.65%)
9.43%

Discounted Cash Flow Calculation for SEHK:6033 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Telecom Digital 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:6033 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 9.43%)
2019 122.80 Est @ -3.72% 112.22
2020 120.34 Est @ -2% 100.50
2021 119.38 Est @ -0.8% 91.11
2022 119.43 Est @ 0.04% 83.29
2023 120.18 Est @ 0.63% 76.60
2024 121.43 Est @ 1.04% 70.73
2025 123.04 Est @ 1.33% 65.49
2026 124.93 Est @ 1.53% 60.77
2027 127.02 Est @ 1.67% 56.46
2028 129.27 Est @ 1.77% 52.51
Present value of next 10 years cash flows HK$769.69
SEHK:6033 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$129.27 × (1 + 2%) ÷ (9.43% – 2%)
HK$1,776.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$1,776.28 ÷ (1 + 9.43%)10
HK$721.60
SEHK:6033 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$769.69 + HK$721.60
HK$1,491.29
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$1,491.29 / 403.75
HK$3.69
SEHK:6033 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$3.69
Current discount Discount to share price of HK$2.83
= -1 x (HK$2.83 - HK$3.69) / HK$3.69
23.4%

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

Current Discount
Amount off the current price Telecom Digital Holdings is available for.
Intrinsic value
23%
Share price is HK$2.83 vs Future cash flow value of HK$3.69
Current Discount Checks
For Telecom Digital Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Telecom Digital Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Telecom Digital Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Telecom Digital Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Telecom Digital Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:6033 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$0.32
SEHK:6033 Share Price ** SEHK (2019-05-21) in HKD HK$2.83
Hong Kong Electronic Industry PE Ratio Median Figure of 59 Publicly-Listed Electronic Companies 11.13x
Hong Kong Market PE Ratio Median Figure of 1,477 Publicly-Listed Companies 11.08x

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

** Primary Listing of Telecom Digital Holdings.

SEHK:6033 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:6033 Share Price ÷ EPS (both in HKD)

= 2.83 ÷ 0.32

8.74x

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

  • Telecom Digital Holdings is good value based on earnings compared to the HK Electronic industry average.
  • Telecom Digital Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Telecom Digital Holdings's expected growth come at a high price?
Raw Data
SEHK:6033 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-19.9%per year
Hong Kong Electronic Industry PEG Ratio Median Figure of 13 Publicly-Listed Electronic Companies 0.61x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*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 Telecom Digital Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Telecom Digital Holdings's assets?
Raw Data
SEHK:6033 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$0.83
SEHK:6033 Share Price * SEHK (2019-05-21) in HKD HK$2.83
Hong Kong Electronic Industry PB Ratio Median Figure of 83 Publicly-Listed Electronic Companies 1.19x
Hong Kong Market PB Ratio Median Figure of 2,156 Publicly-Listed Companies 0.97x
SEHK:6033 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:6033 Share Price ÷ Book Value per Share (both in HKD)

= 2.83 ÷ 0.83

3.41x

* Primary Listing of Telecom Digital Holdings.

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

  • Telecom Digital Holdings is overvalued based on assets compared to the HK Electronic industry average.
X
Value checks
We assess Telecom Digital 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. Telecom Digital 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.

6033 Future Performance

 How is Telecom Digital Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Telecom Digital 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
-19.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Telecom Digital Holdings expected to grow at an attractive rate?
  • Telecom Digital Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Telecom Digital Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Telecom Digital Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:6033 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:6033 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -19.9%
Hong Kong Electronic Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
Hong Kong Electronic Industry Revenue Growth Rate Market Cap Weighted Average 12.8%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*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:6033 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 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:6033 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 1,224 169 131
2018-06-30 1,261 154 129
2018-03-31 1,298 138 128
2017-12-31 1,265 118
2017-09-30 1,199 112 105
2017-06-30 1,148 101
2017-03-31 1,092 184 96
2016-12-31 1,084 99
2016-09-30 1,249 184 99
2016-06-30 1,329 92
2016-03-31 1,429 152 90
2015-12-31 1,498 88

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Telecom Digital Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Telecom Digital 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:6033 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Telecom Digital Holdings Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:6033 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 0.32
2018-06-30 0.32
2018-03-31 0.32
2017-12-31 0.29
2017-09-30 0.26
2017-06-30 0.25
2017-03-31 0.24
2016-12-31 0.25
2016-09-30 0.25
2016-06-30 0.23
2016-03-31 0.22
2015-12-31 0.22

*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 Telecom Digital Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Telecom Digital 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.
Telecom Digital Holdings has a total score of 0/6, 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.

6033 Past Performance

  How has Telecom Digital 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 Telecom Digital 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.
  • Telecom Digital Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Telecom Digital Holdings's 1-year earnings growth exceeds its 5-year average (23.9% vs 11.7%)
  • Telecom Digital Holdings's earnings growth has exceeded the HK Electronic industry average in the past year (23.9% vs -4.6%).
Earnings and Revenue History
Telecom Digital 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 Telecom Digital Holdings Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:6033 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,223.77 130.68 280.48
2018-06-30 1,260.67 129.42 280.18
2018-03-31 1,297.57 128.17 279.88
2017-12-31 1,265.26 118.18 317.32
2017-09-30 1,198.63 105.43 268.47
2017-06-30 1,147.71 101.17 261.51
2017-03-31 1,092.26 95.59 250.95
2016-12-31 1,083.65 99.41 228.36
2016-09-30 1,249.49 98.53 218.80
2016-06-30 1,328.65 91.75 216.92
2016-03-31 1,428.91 89.77 213.54
2015-12-31 1,497.53 88.40 201.30
2015-09-30 1,508.39 87.27 197.65
2015-06-30 1,402.66 84.41 191.64
2015-03-31 1,358.30 86.82 185.70
2014-12-31 1,336.10 74.22 174.50
2014-09-30 1,261.47 81.54 169.53
2014-06-30 1,273.85 81.37 164.53
2014-03-31 1,198.35 80.74 163.35
2013-12-31 1,165.72 73.00 118.69
2013-03-31 1,091.09 50.38 167.93

*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.
  • Telecom Digital Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Telecom Digital Holdings used its assets more efficiently than the HK Electronic industry average last year based on Return on Assets.
  • Telecom Digital Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Telecom Digital 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.
Telecom Digital Holdings has a total score of 6/6, 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.

6033 Health

 How is Telecom Digital 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 Telecom Digital Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Telecom Digital Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Telecom Digital Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Telecom Digital 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 1.4x 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 Telecom Digital Holdings Company Filings, last reported 7 months ago.

SEHK:6033 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 333.63 183.46 74.72
2018-06-30 333.63 183.46 74.72
2018-03-31 318.71 145.26 41.84
2017-12-31 318.71 145.26 41.84
2017-09-30 290.66 198.35 74.05
2017-06-30 290.66 198.35 74.05
2017-03-31 265.24 159.46 42.91
2016-12-31
2016-09-30 257.83 167.59 60.99
2016-06-30 235.09 214.93 40.92
2016-03-31 235.09 214.93 40.92
2015-12-31
2015-09-30 208.77 270.27 59.80
2015-06-30 171.29 323.33 49.98
2015-03-31 171.29 323.33 49.98
2014-12-31
2014-09-30 134.46 272.80 56.92
2014-06-30 138.53 150.72 29.78
2014-03-31 138.53 150.72 29.78
2013-12-31 125.67 283.98 31.78
2013-03-31 58.29 223.11 30.62
  • Telecom Digital Holdings's level of debt (55%) 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 (255.2% vs 55% today).
  • Debt is well covered by operating cash flow (92.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 34.9x coverage).
X
Financial health checks
We assess Telecom Digital 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. Telecom Digital 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.

6033 Dividends

 What is Telecom Digital 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
8.48%
Current annual income from Telecom Digital Holdings dividends.
If you bought HK$2,000 of Telecom Digital Holdings shares you are expected to receive HK$170 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?
  • Telecom Digital Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.09%).
  • Telecom Digital Holdings's dividend is above the markets top 25% of dividend payers in Hong Kong (5.75%).
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:6033 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 39 Stocks 3.1%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.6%
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:6033 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.240 8.406
2018-11-29 0.240 9.190
2018-11-22 0.240 9.196
2018-08-28 0.240 9.347
2018-07-25 0.240 9.207
2018-06-26 0.240 9.212
2018-02-06 0.200 7.150
2017-11-13 0.200 6.357
2017-11-07 0.200 5.637
2017-08-08 0.200 5.821
2017-06-28 0.200 5.991
2017-02-07 0.130 4.198
2016-06-27 0.100 3.138
2016-06-22 0.100 3.984
2016-02-04 0.100 4.968
2016-02-02 0.100 5.737
2015-11-12 0.100 5.475
2015-11-09 0.100 5.531
2015-06-29 0.040 2.132
2015-06-23 0.040 1.601
2015-02-12 0.040 2.139
2015-02-09 0.040 3.293
2014-11-13 0.040 3.330
2014-11-10 0.040 3.299

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

  • Whilst dividend payments have been stable, Telecom Digital Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Telecom Digital Holdings only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Telecom Digital Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x 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 Telecom Digital 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 Telecom Digital Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Telecom Digital 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.

6033 Management

 What is the CEO of Telecom Digital 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
Sunny Cheung
COMPENSATION HK$1,633,000
AGE 50
TENURE AS CEO 3.7 years
CEO Bio

Mr. King Fung Cheung, also known as Sunny, serves as the Chief Executive Officer of Telecom Digital Holdings Limited since September 8, 2015 and serves its Compliance Officer. Mr. Cheung joined Telecom Digital Holdings Limited in 1990. Mr. Cheung has been the Chief Executive Officer of Telecom Service One Holdings Limited since August 11, 2014. He serves as the Chief Compliance Officer of Telecom Service One Holdings Limited and has been an Executive Director since August 3, 2012. Mr. Cheung is primarily responsible for managing the Group's relationship with the customers and exploring new business opportunities for Telecom Service One Holdings. Mr. Cheung joined Telecom Digital Group in 1991 and is an Executive Director of Telecom Digital Group, responsible for overseeing the areas of finance and operation, management information system and technical support of Telecom Digital Group. He was appointed as a Director of Telecom Digital Holdings Limited since November 2002, re-designated as an Executive Director in March 2014. Mr. Cheung has been a Member of the Board of Directors at TSO since June 1999. He is a committee member of Chinese People Political Consultative Conference of Guangdong Province. He is a committee member of the Chinese People Political Consultative Conference of Guangzhou City. Mr. Cheung graduated from the University of Western Ontario in Canada with a bachelor's degree in administrative and commercial studies in October 1990.

CEO Compensation
  • Sunny's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Sunny's remuneration is about average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Telecom Digital Holdings management team in years:

4.7
Average Tenure
59
Average Age
  • The tenure for the Telecom Digital Holdings management team is about average.
Management Team

King Cheung

TITLE
Chairman
COMPENSATION
HK$2M
AGE
66

Sunny Cheung

TITLE
CEO, Compliance Officer & Executive Director
COMPENSATION
HK$2M
AGE
50
TENURE
3.7 yrs

Ngan Mok

TITLE
Executive Director
COMPENSATION
HK$604K
AGE
62

King Cheung

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
59

Bobby Cheung

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
59

Wai Wong

TITLE
Senior MIS Manager and Executive Director
COMPENSATION
HK$797K
AGE
52
TENURE
17.8 yrs

Wing Tsz Lee

TITLE
Chief Financial Officer
AGE
49
TENURE
5.7 yrs

Wong On

TITLE
Company Secretary
TENURE
2.8 yrs
Board of Directors Tenure

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

5.2
Average Tenure
60
Average Age
  • The tenure for the Telecom Digital Holdings board of directors is about average.
Board of Directors

King Cheung

TITLE
Chairman
COMPENSATION
HK$2M
AGE
66
TENURE
5.2 yrs

Sunny Cheung

TITLE
CEO, Compliance Officer & Executive Director
COMPENSATION
HK$2M
AGE
50
TENURE
16.5 yrs

Ngan Mok

TITLE
Executive Director
COMPENSATION
HK$604K
AGE
62
TENURE
5.2 yrs

King Cheung

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
59
TENURE
16.5 yrs

Bobby Cheung

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
59
TENURE
16.5 yrs

Wai Wong

TITLE
Senior MIS Manager and Executive Director
COMPENSATION
HK$797K
AGE
52
TENURE
5.2 yrs

Clement Hui

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
72
TENURE
5 yrs

Lau Wah

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
61
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Telecom Digital 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. Telecom Digital 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.

6033 News

Simply Wall St News

Our Take On Telecom Digital Holdings Limited's (HKG:6033) CEO Salary

Sunny Cheung has been the CEO of Telecom Digital Holdings Limited (HKG:6033) since 2015. … Our data indicates that Telecom Digital Holdings Limited is worth HK$1.1b, and total annual CEO compensation is HK$1.6m. … I think that the total shareholder return of 48%, over three years, would leave most Telecom Digital Holdings Limited shareholders smiling.

Simply Wall St -

Is Telecom Digital Holdings Limited's (HKG:6033) P/E Ratio Really That Good?

To keep it practical, we'll show how Telecom Digital Holdings Limited's (HKG:6033) P/E ratio could help you assess the value on offer. … Telecom Digital Holdings has a P/E ratio of 8.8, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Why Telecom Digital Holdings Limited’s (HKG:6033) Return On Capital Employed Is Impressive

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

I Ran A Stock Scan For Earnings Growth And Telecom Digital Holdings (HKG:6033) Passed With Ease

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Telecom Digital Holdings (HKG:6033). … How Fast Is Telecom Digital Holdings Growing. … The good news is that Telecom Digital Holdings is growing revenues, and EBIT margins improved by 3.2 percentage points to 11%, over the last year.

Simply Wall St -

Is Telecom Digital Holdings Limited (HKG:6033) A Smart Pick For Income Investors?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … In the last few years Telecom Digital Holdings Limited (HKG:6033) has paid a dividend to shareholders. … View our latest analysis for Telecom Digital Holdings

Simply Wall St -

Do Institutions Own Telecom Digital Holdings Limited (HKG:6033) Shares?

The big shareholder groups in Telecom Digital Holdings Limited (HKG:6033) have power over the company. … Telecom Digital Holdings is not a large company by global standards. … View our latest analysis for Telecom Digital Holdings

Simply Wall St -

Why Telecom Digital Holdings Limited (HKG:6033) Looks Like A Quality Company

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Telecom Digital Holdings Limited (HKG:6033). … Telecom Digital Holdings has a ROE of 39%, based on the last twelve months. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Telecom Digital Holdings Limited's (HKG:6033) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as Telecom Digital Holdings Limited (HKG:6033) with its market cap of HK$1.1b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Is Telecom Digital Holdings Limited's (HKG:6033) CEO Overpaid Relative To Its Peers?

Sunny Cheung has been the CEO of Telecom Digital Holdings Limited (HKG:6033) since 2015. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Sunny Cheung's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Read This Before You Buy Telecom Digital Holdings Limited (HKG:6033) Because Of Its P/E Ratio

We'll show how you can use Telecom Digital Holdings Limited's (HKG:6033) P/E ratio to inform your assessment of the investment opportunity. … Telecom Digital Holdings has a price to earnings ratio of 7.94, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

6033 Company Info

Description

Telecom Digital Holdings Limited, an investment holding company, engages in the telecommunications and related businesses in Hong Kong and Macau. The company operates through Retail Business, Distribution Business, Paging and Other Telecommunications Services, and Operation Services segments. The Retail Business segment sells mobile phones and pre-paid SIM cards, as well as provides related services. The Distribution Business segment distributes mobiles phones; and offers related services. The Paging and Other Telecommunications Services segment sells pagers and Mango devices, as well as provides paging, maintenance, and two-way wireless data services. The Operation Services segment is involved in the provision of operation services. Telecom Digital Holdings Limited also provides installation, maintenance, and management services for paging transmission stations; technical support services; and management consultancy and professional services. In addition, the company invests in properties. As of March 31, 2018, it operated 75 retail shops. The company was founded in 1974 and is headquartered in Kowloon Bay, Hong Kong. Telecom Digital Holdings Limited is a subsidiary of Cheung Family Trust.

Details
Name: Telecom Digital Holdings Limited
6033
Exchange: SEHK
Founded: 1974
HK$1,126,470,870
403,753,000
Website: http://www.tdhl.cc
Address: Telecom Digital Holdings Limited
YHC Tower,
19th Floor,
Kowloon Bay,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 6033 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 30. May 2014
Number of employees
Current staff
Staff numbers
552
Telecom Digital Holdings employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 13:00
End of day share price update: 2019/05/21 00:00
Last earnings filing: 2018/11/29
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.