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Truly International Holdings

SEHK:732
Snowflake Description

Good value with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
732
SEHK
HK$4B
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

Truly International Holdings Limited, an investment holding company, manufactures, sells, and trades in liquid crystal display products and electronic consumer products. The last earnings update was 2 days ago. More info.


Add to Portfolio Compare Print
  • Truly International Holdings has significant price volatility in the past 3 months.
732 Share Price and Events
7 Day Returns
-3.4%
SEHK:732
-7.7%
HK Electronic
-2.2%
HK Market
1 Year Returns
-33.1%
SEHK:732
-42%
HK Electronic
-15.4%
HK Market
732 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Truly International Holdings (732) -3.4% -11.5% -26.3% -33.1% -61.9% -75.5%
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
  • 732 outperformed the Electronic industry which returned -42% over the past year.
  • 732 underperformed the Market in Hong Kong which returned -15.4% over the past year.
Price Volatility
732
Industry
5yr Volatility vs Market

Value

 Is Truly 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 Truly 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 Truly International Holdings.

SEHK:732 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 15.3%
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:732
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%) (202.1%))
2.092
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 6.65%)
15.3%

Discounted Cash Flow Calculation for SEHK:732 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Truly 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:732 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 15.3%)
2019 1,425.00 Analyst x1 1,235.87
2020 1,387.00 Analyst x1 1,043.27
2021 1,438.00 Analyst x1 938.07
2022 1,483.01 Est @ 3.13% 839.04
2023 1,524.41 Est @ 2.79% 748.00
2024 1,563.37 Est @ 2.56% 665.30
2025 1,600.72 Est @ 2.39% 590.79
2026 1,637.12 Est @ 2.27% 524.03
2027 1,673.01 Est @ 2.19% 464.44
2028 1,708.74 Est @ 2.14% 411.41
Present value of next 10 years cash flows HK$7,460.21
SEHK:732 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$1,708.74 × (1 + 2%) ÷ (15.3% – 2%)
HK$13,105.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$13,105.00 ÷ (1 + 15.3%)10
HK$3,155.23
SEHK:732 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$7,460.21 + HK$3,155.23
HK$10,615.44
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$10,615.44 / 3,289.23
HK$3.23
SEHK:732 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$3.23
Current discount Discount to share price of HK$1.15
= -1 x (HK$1.15 - HK$3.23) / HK$3.23
64.4%

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

Current Discount
Amount off the current price Truly International Holdings is available for.
Intrinsic value
>50%
Share price is HK$1.15 vs Future cash flow value of HK$3.23
Current Discount Checks
For Truly International Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Truly International Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Truly International Holdings's share price is below the future cash flow value, and 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 Truly International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Truly International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:732 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$0.05
SEHK:732 Share Price ** SEHK (2019-05-23) in HKD HK$1.15
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 Truly International Holdings.

SEHK:732 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:732 Share Price ÷ EPS (both in HKD)

= 1.15 ÷ 0.05

22.43x

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

  • Truly International Holdings is overvalued based on earnings compared to the HK Electronic industry average.
  • Truly International Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Truly International Holdings's expected growth come at a high price?
Raw Data
SEHK:732 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
52.6%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:732 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.43x ÷ 52.6%

0.43x

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

  • Truly International Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Truly International Holdings's assets?
Raw Data
SEHK:732 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$2.32
SEHK:732 Share Price * SEHK (2019-05-23) in HKD HK$1.15
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:732 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:732 Share Price ÷ Book Value per Share (both in HKD)

= 1.15 ÷ 2.32

0.5x

* Primary Listing of Truly International Holdings.

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

  • Truly International Holdings is good value based on assets compared to the HK Electronic industry average.
X
Value checks
We assess Truly 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. Truly International Holdings has a total score of 4/6, 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 Truly International 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
52.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Truly International Holdings expected to grow at an attractive rate?
  • Truly International Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Truly International Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Truly International Holdings's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:732 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:732 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 52.6%
SEHK:732 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 12.3%
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:732 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:732 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 29,247 3,522 1,085 1
2020-12-31 24,378 4,161 781 3
2019-12-31 22,295 3,095 469 3
SEHK:732 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 20,273 163
2018-12-31 19,762 1,629 74
2018-09-30 19,000 88
2018-06-30 18,964 3,994 296
2018-03-31 19,278 13
2017-12-31 20,733 3,578 63
2017-09-30 22,350 7
2017-06-30 23,181 2,711 -39
2017-03-31 22,903 421
2016-12-31 22,072 693 582
2016-09-30 20,695 822
2016-06-30 19,632 1,409 790

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Truly International Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Truly International Holdings's revenue is expected to grow by 12.3% 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:732 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Truly International Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:732 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.33 0.33 0.33 1.00
2020-12-31 0.24 0.25 0.24 2.00
2019-12-31 0.14 0.17 0.12 2.00
SEHK:732 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 0.05
2018-12-31 0.02
2018-09-30 0.03
2018-06-30 0.10
2018-03-31 0.00
2017-12-31 0.02
2017-09-30 0.00
2017-06-30 -0.01
2017-03-31 0.14
2016-12-31 0.20
2016-09-30 0.28
2016-06-30 0.27

*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.
  • Truly International Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Truly 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.
Truly International 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 Truly 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 Truly 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.
  • Truly International Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Truly International Holdings's 1-year earnings growth exceeds its 5-year average (1150% vs -49.1%)
  • Truly International Holdings's earnings growth has exceeded the HK Electronic industry average in the past year (1150% vs -4.6%).
Earnings and Revenue History
Truly 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 Truly International Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:732 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 20,272.70 163.37 810.12
2018-12-31 19,762.44 74.19 838.86
2018-09-30 19,000.13 87.54 875.52
2018-06-30 18,964.46 296.06 923.38
2018-03-31 19,278.12 13.07 874.03
2017-12-31 20,733.42 62.99 846.93
2017-09-30 22,349.59 7.38 817.33
2017-06-30 23,180.74 -38.78 822.61
2017-03-31 22,902.80 421.27 818.67
2016-12-31 22,071.52 581.87 834.28
2016-09-30 20,694.51 822.22 852.23
2016-06-30 19,631.94 790.09 826.55
2016-03-31 19,449.28 870.87 843.71
2015-12-31 19,427.12 845.42 842.97
2015-09-30 20,243.99 876.29 812.35
2015-06-30 21,411.33 1,063.81 825.30
2015-03-31 21,777.27 1,104.49 817.36
2014-12-31 21,415.65 1,118.37 825.21
2014-09-30 21,786.64 1,292.57 932.96
2014-06-30 21,539.22 1,410.50 845.42
2014-03-31 21,604.37 1,659.67 852.10
2013-12-31 20,680.75 1,619.99 805.42
2013-09-30 18,300.81 1,476.94 674.18
2013-06-30 15,744.32 1,205.10 702.02
2013-03-31 13,340.70 786.78 614.18
2012-12-31 12,374.38 710.26 571.32
2012-09-30 11,917.39 408.36 533.92
2012-06-30 11,448.02 374.04 494.75

*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.
  • Truly International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Truly International Holdings used its assets less efficiently than the HK Electronic industry average last year based on Return on Assets.
  • Truly International Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Truly 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.
Truly 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 Truly 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 Truly International Holdings's finances.

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

SEHK:732 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31
2018-12-31 8,246.03 8,043.56 1,090.38
2018-09-30 8,322.61 8,635.42 2,826.73
2018-06-30 8,322.61 8,635.42 2,826.73
2018-03-31 8,448.16 9,352.41 3,465.84
2017-12-31 8,448.16 9,352.41 3,465.84
2017-09-30 7,272.03 9,468.93 3,422.39
2017-06-30 7,272.03 9,468.93 3,422.39
2017-03-31 7,294.87 8,054.82 2,453.62
2016-12-31 7,294.87 8,054.82 2,453.62
2016-09-30 7,815.57 7,981.28
2016-06-30 7,678.77 7,315.57 2,937.79
2016-03-31 7,899.85 5,461.23
2015-12-31 7,595.58 4,882.61 2,055.20
2015-09-30 7,531.66 5,328.42 1,461.73
2015-06-30 7,752.80 5,116.20 2,371.15
2015-03-31 7,709.14 5,194.09 2,667.95
2014-12-31 7,523.36 5,437.29 3,627.22
2014-09-30 7,376.86 5,324.09 2,699.26
2014-06-30 7,116.09 4,311.09 2,126.50
2014-03-31 7,233.55 3,805.04 2,454.93
2013-12-31 7,226.86 3,883.82 2,805.71
2013-09-30 6,602.58 4,103.09 2,687.54
2013-06-30 6,103.93 3,345.54 1,606.74
2013-03-31 5,391.49 3,554.04 1,552.06
2012-12-31 5,140.29 3,155.16 1,438.99
2012-09-30 4,622.50 2,944.75 1,231.53
2012-06-30 4,446.53 3,232.54 1,107.06
  • Truly International Holdings's level of debt (97.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (53.7% vs 97.5% today).
  • Debt is well covered by operating cash flow (20.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Truly 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. Truly International Holdings has a total score of 3/6, 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 Truly 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
0%
Current annual income from Truly International Holdings dividends. Estimated to be 0.73% next year.
If you bought HK$2,000 of Truly International Holdings shares you are expected to receive HK$0 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?
  • Unable to evaluate Truly International Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Truly International Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:732 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:732 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.02 3.00
2019-12-31 0.00 3.00
SEHK:732 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-24 0.000 0.000
2019-03-29 0.000 0.000
2018-11-23 0.000 0.000
2018-09-18 0.000 0.000
2018-08-31 0.000 0.000
2018-05-30 0.000 0.000
2018-04-24 0.000 0.000
2018-03-23 0.000 0.000
2017-11-17 0.000 0.000
2017-09-22 0.000 0.000
2017-08-30 0.000 0.000
2017-04-13 0.090 3.430
2017-03-17 0.090 3.242
2016-04-15 0.100 3.034
2016-03-08 0.100 4.630
2015-04-17 0.150 6.965
2015-03-18 0.150 3.889
2014-04-14 0.190 4.965
2014-03-18 0.190 3.612
2013-04-16 0.100 2.258
2013-03-18 0.100 2.545
2012-11-16 0.060 2.974
2012-05-15 0.060 5.279
2012-03-27 0.100 8.112
2011-11-16 0.040 2.865
2011-08-23 0.040 3.855
2011-05-16 0.040 3.290
2011-04-21 0.040 2.584
2011-03-29 0.049 2.827
2010-11-30 0.058 2.611
2010-08-24 0.066 3.404
2010-04-29 0.049 2.692
2010-04-15 0.049 1.892
2009-08-27 0.073 4.636

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

  • Unable to perform a dividend volatility check as Truly International Holdings has not reported any payouts.
  • Unable to verify if Truly International Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Truly International Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Truly International Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Truly International Holdings's dividends in 3 years as they are not expected to pay a notable one for Hong Kong.
X
Income/ dividend checks
We assess Truly International 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 Truly International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Truly International Holdings has a total score of 0/6, 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 Truly 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
Steven Lam
COMPENSATION HK$13,221,000
AGE 65
CEO Bio

Mr. Wai Wah Lam, also known as Steven, serves as an Executive Chairman and Managing Director of Truly International Holdings Ltd. Mr. Lam is the founder of Truly International Holdings Ltd. and has over 26 years of experience in the electronics industry. He is primarily responsible for the formulation of Truly International Holdings Ltd.'s overall strategic planning and business development.

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

Steven Lam

TITLE
Executive Chairman & MD
COMPENSATION
HK$13M
AGE
65

James Wong

TITLE
Executive Director & COO
COMPENSATION
HK$2M
AGE
59

James Cheung

TITLE
Marketing Director
COMPENSATION
HK$3M
AGE
62

Jian Li

TITLE
Managing Director of Truly Opto-Electronics Limited
COMPENSATION
HK$3M
AGE
54

Michael Ma

TITLE
CFO, Company Secretary & Executive Director
AGE
46
TENURE
8.3 yrs

Bei Bei Song

TITLE
VP, Purchasing & Procurement Director & Executive Director
AGE
41

Cheng Yun Dai

TITLE
VP, Factory Chief Operating Officer & Executive Director
AGE
44

Wing Cheung Cheung

TITLE
Executive Director
AGE
47
Board of Directors Tenure

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

0.5
Average Tenure
59
Average Age
  • The average tenure for the Truly International Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Steven Lam

TITLE
Executive Chairman & MD
COMPENSATION
HK$13M
AGE
65

James Wong

TITLE
Executive Director & COO
COMPENSATION
HK$2M
AGE
59

Michael Ma

TITLE
CFO, Company Secretary & Executive Director
AGE
46
TENURE
0.5 yrs

Bei Bei Song

TITLE
VP, Purchasing & Procurement Director & Executive Director
AGE
41
TENURE
0.5 yrs

Cheng Yun Dai

TITLE
VP, Factory Chief Operating Officer & Executive Director
AGE
44
TENURE
0.5 yrs

Wing Cheung Cheung

TITLE
Executive Director
AGE
47
TENURE
0.5 yrs

Kam Kwong Chung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$264K
AGE
61

Spencer Ip

TITLE
Independent Non-Executive Director
COMPENSATION
HK$132K
AGE
59

Kai Heung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$132K
AGE
69
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
07. Nov 18 Buy Wai Lam Individual 06. Nov 18 06. Nov 18 168,800,000 HK$1.18 HK$199,184,237
05. Sep 18 Sell Pong Wong Individual 03. Sep 18 03. Sep 18 -4,649,000 HK$1.23 HK$-5,718,253
X
Management checks
We assess Truly 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. Truly 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

Should We Worry About Truly International Holdings Limited's (HKG:732) P/E Ratio?

We'll look at Truly International Holdings Limited's (HKG:732) P/E ratio and reflect on what it tells us about the company's share price. … Check out our latest analysis for Truly International Holdings How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Truly International Holdings: P/E of 51.31 = HK$1.21 ÷ HK$0.024 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

Is Truly International Holdings Limited (HKG:732) Excessively Paying Its CEO?

View our latest analysis for Truly International Holdings How Does Steven Lam's Compensation Compare With Similar Sized Companies? … Our data indicates that Truly International Holdings Limited is worth HK$4.2b, and total annual CEO compensation is HK$13m. … We compared total CEO remuneration at Truly International Holdings Limited with the amount paid at companies with a similar market capitalization.

Simply Wall St -

Is Truly International Holdings Limited (HKG:732) A Financially Sound Company?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Understanding the company's financial health becomes. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

A Spotlight On Truly International Holdings Limited's (HKG:732) Fundamentals

I've been keeping an eye on Truly International Holdings Limited (HKG:732) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe 732 has a lot to offer. … In the following section, I expand a bit more on these key aspects.

Simply Wall St -

Is Truly International Holdings Limited (HKG:732) Investing Effectively In Its Business?

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. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What You Must Know About Truly International Holdings Limited's (HKG:732) Beta Value

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … To use beta as an investor, you must first understand that the overall market has a beta of one. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

How Much Of Truly International Holdings Limited (HKG:732) Do Insiders Own?

The big shareholder groups in Truly International Holdings Limited (HKG:732) have power over the company. … With a market capitalization of HK$5.0b, Truly International Holdings is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Truly International Holdings

Simply Wall St -

Did Truly International Holdings Limited (HKG:732) Insiders Buy Up More Shares?

So before you buy or sell Truly International Holdings Limited (HKG:732), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At Truly International Holdings.

Simply Wall St -

Should You Think About Buying Truly International Holdings Limited (HKG:732) Now?

received a lot of attention from a substantial price increase on the SEHK over the last few months. … Less-covered, small caps tend to present more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … Today I will analyse the most recent data on Truly International Holdings’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

What Kind Of Investor Owns Most Of Truly International Holdings Limited (HKG:732)?

A look at the shareholders of Truly International Holdings Limited (HKG:732) can tell us which group is most powerful. … Truly International Holdings is not a large company by global standards. … See our latest analysis for Truly International Holdings

Simply Wall St -

Company Info

Description

Truly International Holdings Limited, an investment holding company, manufactures, sells, and trades in liquid crystal display products and electronic consumer products. It operates through two segments, LCD Products and Electronic Consumer Products. The company offers touch panel products and modules; compact camera modules; personal care products, including electric toothbrushes, blood glucose monitors, and blood pressure monitors; calculators and electronic components; printed and flexible circuit board panels, and plastic injection molding products for various applications; health care products; and fingerprint identification modules and electrical devices. The company has operations in the People’s Republic of China, South Korea, Japan, Hong Kong, Europe, and internationally. Truly International Holdings Limited is headquartered in Kwai Chung, Hong Kong.

Details
Name: Truly International Holdings Limited
732
Exchange: SEHK
Founded:
HK$3,979,967,571
3,289,229,398
Website: http://www.truly.com.hk
Address: Truly International Holdings Limited
Chung Shun Knitting Centre,
2nd Floor,
Kwai Chung,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 732 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
OTCPK TRUH.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB TYU2 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
SHSC 732 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 02. Jan 1992
SZSC 732 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 02. Jan 1992
OTCPK TRUH.Y SPONSORED ADR Pink Sheets LLC US USD 20. Jul 1994
Number of employees
Current staff
Staff numbers
16,100
Truly International Holdings employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 12:35
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/05/21
Last earnings reported: 2019/03/31
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.