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Glory Mark Hi-Tech (Holdings)

SEHK:8159
Snowflake Description

Outstanding track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8159
SEHK
HK$182M
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

Glory Mark Hi-Tech (Holdings) Limited, an investment holding company, designs, manufactures, and sells connectivity products primarily for computers. The last earnings update was 7 days ago. More info.


Add to Portfolio Compare Print
  • Glory Mark Hi-Tech (Holdings) has significant price volatility in the past 3 months.
8159 Share Price and Events
7 Day Returns
-9.7%
SEHK:8159
-7.1%
HK Electronic
-1.6%
HK Market
1 Year Returns
-45.1%
SEHK:8159
-42.6%
HK Electronic
-16.6%
HK Market
8159 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Glory Mark Hi-Tech (Holdings) (8159) -9.7% -20% 24.4% -45.1% -33.3% 48.9%
HK Electronic -7.1% -20.6% -16.4% -42.6% 1.8% 18.3%
HK Market -1.6% -9.5% -5.2% -16.6% 24.8% 7.3%
1 Year Return vs Industry and Market
  • 8159 underperformed the Electronic industry which returned -42.6% over the past year.
  • 8159 underperformed the Market in Hong Kong which returned -16.6% over the past year.
Price Volatility
8159
Industry
5yr Volatility vs Market

8159 Value

 Is Glory Mark Hi-Tech (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 Glory Mark Hi-Tech (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 Glory Mark Hi-Tech (Holdings).

SEHK:8159 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 8.9%
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:8159
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%) (0.81%))
1.035
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.035 * 6.65%)
8.89%

Discounted Cash Flow Calculation for SEHK:8159 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Glory Mark Hi-Tech (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:8159 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.89%)
2019 12.82 Est @ 9.47% 11.77
2020 13.74 Est @ 7.23% 11.59
2021 14.52 Est @ 5.66% 11.25
2022 15.19 Est @ 4.56% 10.80
2023 15.76 Est @ 3.8% 10.30
2024 16.28 Est @ 3.26% 9.77
2025 16.74 Est @ 2.88% 9.23
2026 17.18 Est @ 2.62% 8.70
2027 17.60 Est @ 2.43% 8.18
2028 18.01 Est @ 2.3% 7.69
Present value of next 10 years cash flows HK$99.27
SEHK:8159 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$18.01 × (1 + 2%) ÷ (8.89% – 2%)
HK$266.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$266.87 ÷ (1 + 8.89%)10
HK$113.92
SEHK:8159 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$99.27 + HK$113.92
HK$213.20
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$213.20 / 640.00
HK$0.33
SEHK:8159 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.33
Current discount Discount to share price of HK$0.28
= -1 x (HK$0.28 - HK$0.33) / HK$0.33
15.9%

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

Current Discount
Amount off the current price Glory Mark Hi-Tech (Holdings) is available for.
Intrinsic value
16%
Share price is HK$0.28 vs Future cash flow value of HK$0.33312
Current Discount Checks
For Glory Mark Hi-Tech (Holdings) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Glory Mark Hi-Tech (Holdings)'s share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Glory Mark Hi-Tech (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 Glory Mark Hi-Tech (Holdings)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Glory Mark Hi-Tech (Holdings)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8159 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$0.03
SEHK:8159 Share Price ** SEHK (2019-05-22) in HKD HK$0.28
Hong Kong Electronic Industry PE Ratio Median Figure of 59 Publicly-Listed Electronic Companies 11.05x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 11.06x

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

** Primary Listing of Glory Mark Hi-Tech (Holdings).

SEHK:8159 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8159 Share Price ÷ EPS (both in HKD)

= 0.28 ÷ 0.03

8.09x

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

  • Glory Mark Hi-Tech (Holdings) is good value based on earnings compared to the HK Electronic industry average.
  • Glory Mark Hi-Tech (Holdings) is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Glory Mark Hi-Tech (Holdings)'s expected growth come at a high price?
Raw Data
SEHK:8159 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-8.1%per year
Hong Kong Electronic Industry PEG Ratio Median Figure of 13 Publicly-Listed Electronic Companies 0.6x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.8x

*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 Glory Mark Hi-Tech (Holdings), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Glory Mark Hi-Tech (Holdings)'s assets?
Raw Data
SEHK:8159 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$0.19
SEHK:8159 Share Price * SEHK (2019-05-22) in HKD HK$0.28
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:8159 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8159 Share Price ÷ Book Value per Share (both in HKD)

= 0.28 ÷ 0.19

1.49x

* Primary Listing of Glory Mark Hi-Tech (Holdings).

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

  • Glory Mark Hi-Tech (Holdings) is overvalued based on assets compared to the HK Electronic industry average.
X
Value checks
We assess Glory Mark Hi-Tech (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. Glory Mark Hi-Tech (Holdings) has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

8159 Future Performance

 How is Glory Mark Hi-Tech (Holdings) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Glory Mark Hi-Tech (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
-8.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Glory Mark Hi-Tech (Holdings) expected to grow at an attractive rate?
  • Glory Mark Hi-Tech (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
  • Glory Mark Hi-Tech (Holdings)'s earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Glory Mark Hi-Tech (Holdings)'s revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8159 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:8159 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -8.1%
Hong Kong Electronic Industry Earnings Growth Rate Market Cap Weighted Average 18.2%
Hong Kong Electronic Industry Revenue Growth Rate Market Cap Weighted Average 12.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.7%
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:8159 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:8159 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 384 25
2018-12-31 389 18 24
2018-09-30 367 24
2018-06-30 369 7 14
2018-03-31 373 14
2017-12-31 377 26 17
2017-09-30 382 21
2017-06-30 366 33 16
2017-03-31 348 9
2016-12-31 325 20 3
2016-09-30 308 -7
2016-06-30 297 17 -17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Glory Mark Hi-Tech (Holdings)'s earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Glory Mark Hi-Tech (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:8159 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 0 Analyst Estimates (S&P Global) See Below

All data from Glory Mark Hi-Tech (Holdings) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8159 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 0.03
2018-12-31 0.04
2018-09-30 0.04
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.01
2016-12-31 0.00
2016-09-30 -0.01
2016-06-30 -0.03

*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 Glory Mark Hi-Tech (Holdings) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Glory Mark Hi-Tech (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.
Glory Mark Hi-Tech (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.

8159 Past Performance

  How has Glory Mark Hi-Tech (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 Glory Mark Hi-Tech (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.
  • Glory Mark Hi-Tech (Holdings) has delivered over 20% year on year earnings growth in the past 5 years.
  • Glory Mark Hi-Tech (Holdings)'s 1-year earnings growth exceeds its 5-year average (76.2% vs 47.9%)
  • Glory Mark Hi-Tech (Holdings)'s earnings growth has exceeded the HK Electronic industry average in the past year (76.2% vs -4.6%).
Earnings and Revenue History
Glory Mark Hi-Tech (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 Glory Mark Hi-Tech (Holdings) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8159 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 383.59 24.87 45.03
2018-12-31 388.77 24.46 44.47
2018-09-30 367.44 23.92 40.08
2018-06-30 369.00 14.17 42.08
2018-03-31 373.22 14.12 41.36
2017-12-31 377.12 17.00 41.06
2017-09-30 382.06 21.28 36.84
2017-06-30 365.58 16.20 38.77
2017-03-31 348.36 8.67 41.01
2016-12-31 324.67 2.95 41.54
2016-09-30 308.22 -6.92 44.10
2016-06-30 297.21 -16.62 39.94
2016-03-31 296.06 -16.59 36.83
2015-12-31 296.50 -17.69 35.42
2015-09-30 303.86 -15.38 35.51
2015-06-30 297.29 -5.78 35.66
2015-03-31 293.17 -3.82 35.03
2014-12-31 301.91 1.40 35.67
2014-09-30 299.44 4.09 33.55
2014-06-30 290.28 4.86 33.36
2014-03-31 288.65 4.63 33.83
2013-12-31 280.31 3.46 33.08
2013-09-30 266.09 4.01 35.22
2013-06-30 269.10 3.61 35.55
2013-03-31 277.17 9.37 36.13
2012-12-31 291.38 4.90 37.35
2012-09-30 323.36 -3.53 38.08
2012-06-30 343.29 -7.32 38.39

*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.
  • Glory Mark Hi-Tech (Holdings) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Glory Mark Hi-Tech (Holdings) used its assets more efficiently than the HK Electronic industry average last year based on Return on Assets.
  • Glory Mark Hi-Tech (Holdings) has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Glory Mark Hi-Tech (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.
Glory Mark Hi-Tech (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.

8159 Health

 How is Glory Mark Hi-Tech (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 Glory Mark Hi-Tech (Holdings)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Glory Mark Hi-Tech (Holdings) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Glory Mark Hi-Tech (Holdings) has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Glory Mark Hi-Tech (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 132.6x 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 Glory Mark Hi-Tech (Holdings) Company Filings, last reported 1 month ago.

SEHK:8159 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31
2018-12-31 120.48 1.47 65.09
2018-09-30 102.00 0.00 48.98
2018-06-30 102.00 0.00 48.98
2018-03-31 106.34 0.00 61.61
2017-12-31 106.34 1.47 61.61
2017-09-30
2017-06-30 97.07 0.00 58.70
2017-03-31 89.25 0.00 43.03
2016-12-31 89.25 0.00 43.03
2016-09-30
2016-06-30 140.92 0.00 88.57
2016-03-31 153.38 1.33 91.75
2015-12-31 153.38 1.33 91.75
2015-09-30
2015-06-30 166.85 0.00 85.30
2015-03-31 174.99 0.00 89.57
2014-12-31 174.99 0.00 89.57
2014-09-30
2014-06-30 175.10 0.00 96.88
2014-03-31 177.13 0.00 95.50
2013-12-31 177.13 0.00 95.50
2013-09-30
2013-06-30 172.36 0.00 100.25
2013-03-31 173.92 0.00 157.99
2012-12-31 173.92 0.00 157.99
2012-09-30
2012-06-30 168.53 0.00 132.10
  • Glory Mark Hi-Tech (Holdings)'s level of debt (1.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 1.2% today).
  • Debt is well covered by operating cash flow (1232.8%, greater than 20% of total debt).
  • Glory Mark Hi-Tech (Holdings) earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Glory Mark Hi-Tech (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. Glory Mark Hi-Tech (Holdings) has a total score of 5/6, 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.

8159 Dividends

 What is Glory Mark Hi-Tech (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
1.07%
Current annual income from Glory Mark Hi-Tech (Holdings) dividends.
If you bought HK$2,000 of Glory Mark Hi-Tech (Holdings) shares you are expected to receive HK$21 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?
  • Glory Mark Hi-Tech (Holdings)'s pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Glory Mark Hi-Tech (Holdings)'s dividend is below the markets top 25% of dividend payers in Hong Kong (5.8%).
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:8159 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 3.7%
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:8159 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-03 0.003 0.906
2018-04-06 0.015 4.558
2017-06-08 0.003 0.511
2016-05-09 0.010 1.538
2015-03-30 0.003 0.787
2015-03-25 0.003 1.123
2014-03-28 0.003 1.409
2014-03-25 0.003 1.607
2013-03-26 0.003 2.031
2012-03-26 0.002 1.404
2011-03-25 0.003 2.633
2010-03-29 0.010 4.789

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

  • Glory Mark Hi-Tech (Holdings) is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are stable.
  • Glory Mark Hi-Tech (Holdings) is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Glory Mark Hi-Tech (Holdings)'s earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Glory Mark Hi-Tech (Holdings)'s dividends as it is not paying a notable one for Hong Kong.
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 Glory Mark Hi-Tech (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 Glory Mark Hi-Tech (Holdings) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Glory Mark Hi-Tech (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.

8159 Management

 What is the CEO of Glory Mark Hi-Tech (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
Chun Wong
COMPENSATION HK$2,286,000
AGE 58
CEO Bio

Mr. Chun Wong Co-founded Glory Mark Hi-Tech (Holdings) Limited and serves as its Chief Executive Officer. Mr. Wong has been Compliance Officer of Glory Mark Hi-Tech (Holdings) Limited since December 2012. Mr. Wong is responsible for administration, finance and investment project Management of Glory Mark Hi-Tech (Holdings) Limited. Mr. Wong served as a Chief Officer of China Affairs for two Hong Kong listed electronics companies, Tomei International (Holdings) Limited and The Grande Holdings Limited. Mr. Wong has over 20 years of e experience in the electronic and computer peripherals sector. Mr. Wong served as a Regional Advisory Councilor for International Bank of Asia Limited from 2000 to 2003. Mr. Wong has been a Deputy Chairman of Dongguan City Tangxia Commerce Association since 1998. He serves as Vice Chairman of China Sub-Committee of the Hong Kong Electronic Industries Association. He serves as Deputy Chairman and Executive Director of Glory Mark Hi-Tech Holdings Ltd. He serves as a Director of the Hong Kong Critical Components Manufacturers Association. He is also awarded as the Associate ship 2004 by The Professional Validation Council of Hong Kong Industries.

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

Average tenure and age of the Glory Mark Hi-Tech (Holdings) management team in years:

0.3
Average Tenure
58
Average Age
  • The average tenure for the Glory Mark Hi-Tech (Holdings) management team is less than 2 years, this suggests a new team.
Management Team

Li Feng Wang

TITLE
Chairman
AGE
54

Chun Wong

TITLE
Co-Founder
COMPENSATION
HK$2M
AGE
58

Steve Pang

TITLE
Co-Founder & Executive Director
COMPENSATION
HK$2M
AGE
61

Yongyi He

TITLE
COO & Executive Director
AGE
50
TENURE
2.5 yrs

Lixing Kong

TITLE
Executive Director
AGE
76

Guo Xing Zhao

TITLE
Executive Director
AGE
53

Peter Choy

TITLE
Chief Financial Officer
AGE
60
TENURE
0.2 yrs

Yun Wah Man

TITLE
Company Secretary
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Glory Mark Hi-Tech (Holdings) board of directors in years:

2.6
Average Tenure
58.5
Average Age
  • The average tenure for the Glory Mark Hi-Tech (Holdings) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Li Feng Wang

TITLE
Chairman
AGE
54
TENURE
2.5 yrs

Chun Wong

TITLE
Co-Founder
COMPENSATION
HK$2M
AGE
58

Steve Pang

TITLE
Co-Founder & Executive Director
COMPENSATION
HK$2M
AGE
61

Yongyi He

TITLE
COO & Executive Director
AGE
50
TENURE
2.7 yrs

Lixing Kong

TITLE
Executive Director
AGE
76
TENURE
2.7 yrs

Guo Xing Zhao

TITLE
Executive Director
AGE
53
TENURE
2.7 yrs

Ivan Lau

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
59
TENURE
17.4 yrs

Alex Fong

TITLE
Independent Non-Executive Director
AGE
62
TENURE
0.3 yrs

Wai Kwok Lo

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
65
TENURE
2.5 yrs

Yongchao Lu

TITLE
Independent Non-Executive Director
AGE
38
TENURE
0.2 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 Glory Mark Hi-Tech (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. Glory Mark Hi-Tech (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.

8159 News

Simply Wall St News

Glory Mark Hi-Tech (Holdings) Limited (HKG:8159) Has Attractive Fundamentals

In the case of Glory Mark Hi-Tech (Holdings) Limited (HKG:8159), there's is a company with great financial health as well as a a great history of performance. … If you're interested in understanding beyond my broad commentary, read the full report on Glory Mark Hi-Tech (Holdings) here. … SEHK:8159 Income Statement, May 10th 2019 Next Steps: For Glory Mark Hi-Tech (Holdings), I've put together three key factors you should further examine: Future Outlook: What are well-informed industry analysts predicting for 8159’s future growth?

Simply Wall St -

Glory Mark Hi-Tech (Holdings) (HKG:8159) Shareholders Booked A 89% Gain In The Last Five Years

To wit, the Glory Mark Hi-Tech (Holdings) share price has climbed 89% in five years, easily topping the market return of 21% (ignoring dividends). … During the five years of share price growth, Glory Mark Hi-Tech (Holdings) moved from a loss to profitability. … It might be well worthwhile taking a look at our free report on Glory Mark Hi-Tech (Holdings)'s earnings, revenue and cash flow.

Simply Wall St -

Why Glory Mark Hi-Tech (Holdings) Limited (HKG:8159) Is An Attractive Investment To Consider

Glory Mark Hi-Tech (Holdings) Limited (HKG:8159) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … is a company with great financial health as well as a.

Simply Wall St -

Why You Should Like Glory Mark Hi-Tech (Holdings) Limited’s (HKG:8159) ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Should You Be Impressed By Glory Mark Hi-Tech (Holdings) Limited's (HKG:8159) ROE?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Glory Mark Hi-Tech (Holdings) Limited (HKG:8159). … Glory Mark Hi-Tech (Holdings) has a ROE of 23%, based on the last twelve months. … Check out our latest analysis for Glory Mark Hi-Tech (Holdings)?

Simply Wall St -

What Percentage Of Glory Mark Hi-Tech (Holdings) Limited (HKG:8159) Shares Do Insiders Own?

Every investor in Glory Mark Hi-Tech (Holdings) Limited (HKG:8159) should be aware of the most powerful shareholder groups. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Glory Mark Hi-Tech (Holdings) is not a large company by global standards.

Simply Wall St -

Does Glory Mark Hi-Tech (Holdings) Limited (HKG:8159) Have A Good P/E Ratio?

We'll show how you can use Glory Mark Hi-Tech (Holdings) Limited's (HKG:8159) P/E ratio to inform your assessment of the investment opportunity. … Glory Mark Hi-Tech (Holdings) has a P/E ratio of 5.75, based on the last twelve months. … See our latest analysis for Glory Mark Hi-Tech (Holdings)?

Simply Wall St -

A Closer Look At Glory Mark Hi-Tech (Holdings) Limited's (HKG:8159) Impressive ROE

By way of learning-by-doing, we'll look at ROE to gain a better understanding Glory Mark Hi-Tech (Holdings) Limited (HKG:8159). … Our data shows Glory Mark Hi-Tech (Holdings) has a return on equity of 23% for the last year. … View our latest analysis for Glory Mark Hi-Tech (Holdings)?

Simply Wall St -

Do Institutions Own Glory Mark Hi-Tech (Holdings) Limited (HKG:8159) Shares?

Every investor in Glory Mark Hi-Tech (Holdings) Limited (HKG:8159) should be aware of the most powerful shareholder groups. … Glory Mark Hi-Tech (Holdings) is not a large company by global standards. … Check out our latest analysis for Glory Mark Hi-Tech (Holdings)

Simply Wall St -

What You Must Know About Glory Mark Hi-Tech (Holdings) Limited's (HKG:8159) ROE

and want to begin learning the link between company’s fundamentals and stock market performance. … Glory Mark Hi-Tech (Holdings) Limited (HKG:8159) delivered an ROE of 13.00% over the past 12 months, which is relatively in-line with its industry average of 10.59% during the same period. … View our latest analysis for Glory Mark Hi-Tech (Holdings)

Simply Wall St -

8159 Company Info

Description

Glory Mark Hi-Tech (Holdings) Limited, an investment holding company, designs, manufactures, and sells connectivity products primarily for computers. It offers computer peripheral products, multi-media consumable electronic products, communication products, automobile electronics accessories, wire harness, medical equipment, and VGA cables. The company also offers electronic products, such as USB hubs and card readers, combo series, multi-media players, data link tools for laptop, docking stations, USB flash data links, multi storage high definition recorders, USB and MHL adapters, OTG bridges, channel audio adaptors and converters, and meeting boxes. In addition, it provides HDMI, display port, IEEE 1394, USB-OTG, serial ATA, networking, CAT, USB, DVI, ultra, and monitor cable series products; and original equipment manufacturer (OEM)/ODM cable assemblies. Further, the company is involved in master planning, general design, and architectural schematic design works. It sells its connectivity products to OEM customers and retail distributors in the People’s Republic of China, Korea, Japan, the United States, and internationally. Glory Mark Hi-Tech (Holdings) Limited was founded in 1990 and is based in Admiralty, Hong Kong.

Details
Name: Glory Mark Hi-Tech (Holdings) Limited
8159
Exchange: SEHK
Founded: 1990
HK$182,400,000
640,000,000
Website: http://www.glorymark.com.tw
Address: Glory Mark Hi-Tech (Holdings) Limited
Tower 2,
Unit 802, Level 8,
Admiralty,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8159 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 04. Jan 2002
SEHK 8159 HKD0.1 The Stock Exchange of Hong Kong Ltd. HK HKD 22. May 2019
Number of employees
Current staff
Staff numbers
1,206
Glory Mark Hi-Tech (Holdings) employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 12:37
End of day share price update: 2019/05/22 00:00
Last earnings filing: 2019/05/15
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.