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MOBI Development

SEHK:947
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
947
SEHK
HK$837M
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

MOBI Development Co., Ltd. engages in the research, design, development, manufacture, marketing, and sale of wireless communication antennas, base station radio frequency (RF) subsystems and solutions, and products of coverage extension solutions. The last earnings update was 36 days ago. More info.


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  • MOBI Development has significant price volatility in the past 3 months.
947 Share Price and Events
7 Day Returns
-2.9%
SEHK:947
-5.4%
HK Communications
-1.6%
HK Market
1 Year Returns
-11.3%
SEHK:947
-31.3%
HK Communications
-16.6%
HK Market
947 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MOBI Development (947) -2.9% -19% -16.4% -11.3% -1% -30.6%
HK Communications -5.4% -16% -17.6% -31.3% 16.8% -7.6%
HK Market -1.6% -9.5% -5.2% -16.6% 24.8% 7.3%
1 Year Return vs Industry and Market
  • 947 outperformed the Communications industry which returned -31.3% over the past year.
  • 947 outperformed the Market in Hong Kong which returned -16.6% over the past year.
Price Volatility
947
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for MOBI Development's competitors could be found in our database.

Value

 Is MOBI Development 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 MOBI Development 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 MOBI Development.

SEHK:947 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 9.2%
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:947
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.082 (1 + (1- 25%) (26.75%))
1.2
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.2 * 5.96%)
9.16%

Discounted Cash Flow Calculation for SEHK:947 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for MOBI Development 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:947 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.16%)
2019 394.27 Est @ 86.03% 361.20
2020 634.07 Est @ 60.82% 532.15
2021 907.83 Est @ 43.18% 698.00
2022 1,187.66 Est @ 30.82% 836.56
2023 1,451.05 Est @ 22.18% 936.35
2024 1,685.04 Est @ 16.13% 996.13
2025 1,885.36 Est @ 11.89% 1,021.06
2026 2,053.59 Est @ 8.92% 1,018.88
2027 2,194.20 Est @ 6.85% 997.32
2028 2,312.55 Est @ 5.39% 962.95
Present value of next 10 years cash flows CN¥8,360.61
SEHK:947 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,312.55 × (1 + 2%) ÷ (9.16% – 2%)
CN¥32,975.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥32,975.91 ÷ (1 + 9.16%)10
CN¥13,731.20
SEHK:947 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥8,360.61 + CN¥13,731.20
CN¥22,091.81
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥22,091.81 / 820.22
CN¥26.93
SEHK:947 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:947)
1.137
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥26.93 x 1.137
HK$30.63
Value per share (HKD) From above. HK$30.63
Current discount Discount to share price of HK$1.02
= -1 x (HK$1.02 - HK$30.63) / HK$30.63
96.7%

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

Current Discount
Amount off the current price MOBI Development is available for.
Intrinsic value
>50%
Share price is HK$1.02 vs Future cash flow value of HK$30.63
Current Discount Checks
For MOBI Development to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MOBI Development's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MOBI Development'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 MOBI Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MOBI Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:947 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.02
SEHK:947 Share Price ** SEHK (2019-05-22) in HKD HK$1.02
SEHK:947 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.9
Hong Kong Communications Industry PE Ratio Median Figure of 14 Publicly-Listed Communications Companies 11.73x
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 MOBI Development.

SEHK:947 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:947 Share Price ÷ EPS (both in CNY)

= 0.9 ÷ 0.02

44.09x

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

  • MOBI Development is overvalued based on earnings compared to the HK Communications industry average.
  • MOBI Development is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does MOBI Development's expected growth come at a high price?
Raw Data
SEHK:947 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 44.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
32.4%per year
Asia Communications Industry PEG Ratio Median Figure of 9 Publicly-Listed Communications Companies 0.82x
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 MOBI Development, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MOBI Development's assets?
Raw Data
SEHK:947 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.42
SEHK:947 Share Price * SEHK (2019-05-22) in HKD HK$1.02
SEHK:947 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.9
Hong Kong Communications Industry PB Ratio Median Figure of 25 Publicly-Listed Communications Companies 1.13x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.97x
SEHK:947 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:947 Share Price ÷ Book Value per Share (both in CNY)

= 0.9 ÷ 1.42

0.63x

* Primary Listing of MOBI Development.

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

  • MOBI Development is good value based on assets compared to the HK Communications industry average.
X
Value checks
We assess MOBI Development'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 Communications 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 Communications industry average (and greater than 0)? (1 check)
  5. MOBI Development has a total score of 3/6, see the detailed checks below.

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

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

Future Performance

 How is MOBI Development expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover MOBI Development, 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
32.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MOBI Development expected to grow at an attractive rate?
  • MOBI Development's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • MOBI Development's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare MOBI Development's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:947 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:947 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 32.4%
Hong Kong Communications Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
Hong Kong Communications Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
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:947 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:947 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:947 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,257 272 17
2018-09-30 1,294 220 -16
2018-06-30 1,331 167 -49
2018-03-31 1,377 92 -49
2017-12-31 1,422 17 -49
2017-09-30 1,333 53 -16
2017-06-30 1,243 90 16
2017-03-31 1,351 75 41
2016-12-31 1,460 61 66
2016-09-30 1,564 145 81
2016-06-30 1,669 229 96
2016-03-31 1,627 249 93

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MOBI Development's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if MOBI Development 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:947 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from MOBI Development Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:947 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:947 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.02
2018-09-30 -0.02
2018-06-30 -0.06
2018-03-31 -0.06
2017-12-31 -0.06
2017-09-30 -0.02
2017-06-30 0.02
2017-03-31 0.05
2016-12-31 0.08
2016-09-30 0.10
2016-06-30 0.12
2016-03-31 0.11

*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 MOBI Development will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess MOBI Development'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.
MOBI Development has a total score of 3/6, 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 MOBI Development 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 MOBI Development's growth in the last year to its industry (Communications).
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.
  • MOBI Development's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • MOBI Development has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • MOBI Development has become profitable in the last year making it difficult to compare the HK Communications industry average.
Earnings and Revenue History
MOBI Development'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 MOBI Development Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:947 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,257.22 16.69 186.10 89.07
2018-09-30 1,293.91 -16.37 193.10 93.76
2018-06-30 1,330.60 -49.44 200.10 98.45
2018-03-31 1,376.52 -48.97 208.92 102.60
2017-12-31 1,422.44 -48.51 217.75 106.75
2017-09-30 1,332.74 -16.29 211.60 103.58
2017-06-30 1,243.05 15.93 205.45 100.41
2017-03-31 1,351.38 40.89 205.82 95.04
2016-12-31 1,459.70 65.85 206.18 89.68
2016-09-30 1,564.27 80.73 207.09 88.61
2016-06-30 1,668.83 95.61 208.00 87.54
2016-03-31 1,627.31 92.64 198.84 84.23
2015-12-31 1,585.79 89.66 189.68 80.92
2015-09-30 1,649.07 97.09 185.37 82.47
2015-06-30 1,712.35 104.53 181.05 84.03
2015-03-31 1,680.41 101.05 181.42 81.75
2014-12-31 1,648.47 97.58 181.79 79.47
2014-09-30 1,458.28 77.09 173.75 69.32
2014-06-30 1,268.09 56.61 165.72 59.16
2014-03-31 1,078.16 37.84 149.83 51.24
2013-12-31 888.23 19.06 133.95 43.32
2013-09-30 805.31 -13.47 129.93 45.95
2013-06-30 722.40 -46.01 125.91 48.58
2013-03-31 705.08 -42.74 124.92 48.07
2012-12-31 687.76 -39.47 123.94 47.57
2012-09-30 694.74 -5.30 128.49 43.18
2012-06-30 701.71 28.88 133.04 38.79

*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.
  • MOBI Development has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MOBI Development used its assets less efficiently than the HK Communications industry average last year based on Return on Assets.
  • It is difficult to establish if MOBI Development improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess MOBI Development'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 Communications 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.
MOBI Development has a total score of 0/6, 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 MOBI Development'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 MOBI Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MOBI Development is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MOBI Development's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MOBI Development'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 9x 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 MOBI Development Company Filings, last reported 4 months ago.

SEHK:947 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,162.76 196.80 296.34
2018-09-30 1,162.76 196.80 296.34
2018-06-30 1,157.20 237.39 287.05
2018-03-31 1,157.20 237.39 287.05
2017-12-31 1,177.25 287.46 190.46
2017-09-30 1,177.25 287.46 190.46
2017-06-30 1,230.84 301.25 226.18
2017-03-31 1,230.84 301.25 226.18
2016-12-31 1,249.38 256.27 291.48
2016-09-30 1,249.38 256.27 291.48
2016-06-30 1,238.31 228.62 235.54
2016-03-31 1,238.31 228.62 235.54
2015-12-31 1,204.50 237.74 259.15
2015-09-30 1,204.50 237.74 259.15
2015-06-30 1,155.63 334.63 274.68
2015-03-31 1,155.63 334.63 274.68
2014-12-31 1,124.92 246.02 212.68
2014-09-30 1,124.92 246.02 212.68
2014-06-30 1,068.78 130.00 181.78
2014-03-31 1,068.78 130.00 181.78
2013-12-31 1,032.23 67.19 229.75
2013-09-30 1,032.23 67.19 229.75
2013-06-30 1,021.82 54.15 211.07
2013-03-31 1,021.82 54.15 211.07
2012-12-31 1,011.01 54.36 264.39
2012-09-30 1,011.01 54.36 264.39
2012-06-30 1,081.32 12.65 244.12
  • MOBI Development's level of debt (16.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (6.6% vs 16.9% today).
  • Debt is well covered by operating cash flow (138.2%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on MOBI Development's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess MOBI Development'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. MOBI Development has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is MOBI Development'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
1.9%
Current annual income from MOBI Development dividends.
If you bought HK$2,000 of MOBI Development shares you are expected to receive HK$38 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?
  • MOBI Development's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • MOBI Development's dividend is below the markets top 25% of dividend payers in Hong Kong (5.8%).
Upcoming dividend payment

Purchase MOBI Development before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:947 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 Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.7%
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:947 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:947 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-16 0.017 1.768
2019-03-26 0.017 1.583
2018-04-20 0.032 4.229
2018-03-22 0.032 3.830
2017-04-21 0.032 3.106
2017-03-28 0.035 2.954
2016-04-22 0.033 3.483
2016-03-22 0.033 3.900
2015-04-17 0.032 2.993
2014-04-15 0.016 1.188
2013-09-11 0.000 0.000
2013-08-21 0.000 0.000
2013-03-13 0.000 0.000
2012-04-24 0.016 2.236
2011-04-21 0.016 1.751
2010-04-12 0.023 1.151

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

  • MOBI Development has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • MOBI Development has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of MOBI Development's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x 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 MOBI Development'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 MOBI Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MOBI Development has a total score of 1/6, 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 MOBI Development'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
Xiang Hu
COMPENSATION CN¥1,937,000
AGE 64
CEO Bio

Mr. Xiang Hu serves as the Chief Executive Officer of Mobi Development Co. Ltd. Mr. Hu serves as Chief Executive Officer of MOBI Shenzhen and MOBI Jian. He joined Mobi Development Co. Ltd. in August 1999. He served as General Manager of Shenzhen Weixiantong from March 2000 to September 2007. During the period from 1972 to September 1981, Mr. Hu worked in the hydraulic transmission and control department of the Northwest Industrial University. Mr. Hu then served as Chief of the planning and supply department at Shenzhen Zhongxingxin for the period from 1992 to 1999. Mr. Hu serves as the Executive Chairman of MOBI Development Co., Ltd. Mr. Hu has been a Director of MOBI Development Co., Ltd. since December 19, 2002. He serves as Director of MOBI Shenzhen, MOBI Jian and MOBI Xian. Mr. Hu served as a Director of Kang Cheng from June 2002 to June 2007. Mr. Hu was an engineer. Mr. Hu graduated from the Xian Infrastructure University (now Xian University of Finance and Economics) majoring in radio communication in August 1981.

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

Average tenure and age of the MOBI Development management team in years:

3.9
Average Tenure
53
Average Age
  • The tenure for the MOBI Development management team is about average.
Management Team

Xiang Hu

TITLE
Executive Chairman & CEO
COMPENSATION
CN¥2M
AGE
64

Dong Liao

TITLE
COO & Executive Director
COMPENSATION
CN¥2M
AGE
47
TENURE
4.2 yrs

Qian Wu

TITLE
Chief Financial Officer
AGE
29
TENURE
0.8 yrs

Zhiguo Shao

TITLE
Executive Vice-President of Research
COMPENSATION
CN¥2M
AGE
53
TENURE
3.7 yrs

Weitong Kong

TITLE
Executive Vice President
AGE
54

Jianrong Han

TITLE
Executive Vice President
AGE
57

Wing Lau

TITLE
Deputy Financial Officer & Company Secretary
AGE
45
TENURE
8 yrs
Board of Directors Tenure

Average tenure and age of the MOBI Development board of directors in years:

9.5
Average Tenure
55.5
Average Age
  • The tenure for the MOBI Development board of directors is about average.
Board of Directors

Xiang Hu

TITLE
Executive Chairman & CEO
COMPENSATION
CN¥2M
AGE
64

Dong Liao

TITLE
COO & Executive Director
COMPENSATION
CN¥2M
AGE
47
TENURE
4.2 yrs

Han Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥121K
AGE
54
TENURE
9.5 yrs

Tianshu Li

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥156K
AGE
64
TENURE
11.8 yrs

Deqian Qu

TITLE
Non-Executive Director
COMPENSATION
CN¥128K
AGE
55
TENURE
16.4 yrs

Xiaojing Ge

TITLE
Independent Non-Executive Director
AGE
56
TENURE
0.8 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$) Value (HK$)
13. Feb 19 Sell Xiaoyong Li Individual 11. Feb 19 11. Feb 19 -1,006,000 HK$1.32 HK$-1,327,924
30. Jan 19 Sell Xiaoyong Li Individual 23. Jan 19 23. Jan 19 -800,000 HK$1.17 HK$-935,997
14. Sep 18 Buy Xiaoyong Li Individual 30. Aug 18 30. Aug 18 80,000 HK$0.82 HK$65,400
X
Management checks
We assess MOBI Development'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. MOBI Development 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

Our Take On MOBI Development Co., Ltd.'s (HKG:947) CEO Salary

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Xiang Hu's Compensation Compare With Similar Sized Companies. … has a market capitalization of HK$984m, and pays its CEO total annual compensation worth CN¥1.9m.

Simply Wall St -

The MOBI Development (HKG:947) Share Price Is Up 23% And Shareholders Are Holding On

(HKG:947) share price return of 23% over three years lags the market return in the same period. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During three years of share price growth, MOBI Development moved from a loss to profitability.

Simply Wall St -

Who Are The Top Investors In MOBI Development Co Ltd (HKG:947)?

Today, I will be analyzing MOBI Development Co Ltd’s (HKG:947) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure of a company has been found to affect share performance over time. … SEHK:947 Ownership Summary July 18th 18

Simply Wall St -

Is MOBI Development Co Ltd. (HKG:947) A Financially Sound Company?

How does 947’s operating cash flow stack up against its debt? … Additionally, 947 has produced cash from operations of CN¥16.37M in the last twelve months, leading to an operating cash to total debt ratio of 5.70%, signalling that 947’s operating cash is not sufficient to cover its debt. … This indicates room for improvement as its cash flow covers less than a quarter of its borrowings, which means its operating efficiency could be better.

Simply Wall St -

Company Info

Description

MOBI Development Co., Ltd. engages in the research, design, development, manufacture, marketing, and sale of wireless communication antennas, base station radio frequency (RF) subsystems and solutions, and products of coverage extension solutions. The company operates through Antenna System, Base Station RF Subsystem, and Coverage Extension Solution segments. Its solutions are used in the components of mobile communication coverage systems, including wireless access systems, and antenna satellite communication and microwave transmission networks. The company also trades in antennas and RF subsystems. MOBI Development Co., Ltd. offers its products and solutions for network and telecommunication operators, wireless network solution providers, and system equipment manufacturers. It operates in the People’s Republic of China and internationally. The company was founded in 1999 and is headquartered in Shenzhen, the People’s Republic of China.

Details
Name: MOBI Development Co., Ltd.
947
Exchange: SEHK
Founded: 1999
HK$836,621,435
820,217,094
Website: http://www.mobi-antenna.com
Address: MOBI Development Co., Ltd.
7 Langshan First Road,
Science and Technology Park,
Shenzhen,
Guangdong Province, 518057,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 947 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 17. Dec 2009
DB M7B Ordinary Shares Deutsche Boerse AG DE EUR 17. Dec 2009
Number of employees
Current staff
Staff numbers
3,004
MOBI Development employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 12:47
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2018/03/22
Last earnings filing: 2019/04/16
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.