SEHK:99

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Wong's International Holdings

Executive Summary

Wong's International Holdings Limited develops, manufactures, markets, and distributes electronic products in Hong Kong, rest of Asia, North America, and Europe. More Details


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Wong's International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 99 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.8%

99

1.9%

HK Electronic

1.9%

HK Market


1 Year Return

-9.2%

99

-4.4%

HK Electronic

1.5%

HK Market

Return vs Industry: 99 underperformed the Hong Kong Electronic industry which returned -2.3% over the past year.

Return vs Market: 99 underperformed the Hong Kong Market which returned 2% over the past year.


Shareholder returns

99IndustryMarket
7 Day-0.8%1.9%1.9%
30 Day9.3%3.6%3.6%
90 Day6.3%-6.0%2.8%
1 Year-7.2%-9.2%-1.4%-4.4%5.8%1.5%
3 Year-18.6%-24.6%-34.3%-39.7%-5.0%-15.4%
5 Year7.6%-5.6%17.1%1.2%17.1%-2.8%

Price Volatility Vs. Market

How volatile is Wong's International Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Wong's International Holdings undervalued compared to its fair value and its price relative to the market?

0.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 99 (HK$2.36) is trading above our estimate of fair value (HK$1.05)

Significantly Below Fair Value: 99 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 99 is unprofitable, so we can't compare its PE Ratio to the HK Electronic industry average.

PE vs Market: 99 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 99's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 99 is good value based on its PB Ratio (0.3x) compared to the HK Electronic industry average (0.8x).


Next Steps

Future Growth

How is Wong's International Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.5%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wong's International Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Wong's International Holdings performed over the past 5 years?

-7.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 99 is currently unprofitable.

Growing Profit Margin: 99 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 99 is unprofitable, and losses have increased over the past 5 years at a rate of 7.5% per year.

Accelerating Growth: Unable to compare 99's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 99 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-15.1%).


Return on Equity

High ROE: 99 has a negative Return on Equity (-13.7%), as it is currently unprofitable.


Next Steps

Financial Health

How is Wong's International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 99's short term assets (HK$2.8B) exceed its short term liabilities (HK$1.9B).

Long Term Liabilities: 99's short term assets (HK$2.8B) exceed its long term liabilities (HK$1.3B).


Debt to Equity History and Analysis

Debt Level: 99's debt to equity ratio (45.4%) is considered high.

Reducing Debt: 99's debt to equity ratio has increased from 40% to 45.4% over the past 5 years.

Debt Coverage: 99's debt is not well covered by operating cash flow (12.6%).

Interest Coverage: 99 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Wong's International Holdings's current dividend yield, its reliability and sustainability?

1.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 99's dividend (1.69%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.23%).

High Dividend: 99's dividend (1.69%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.86%).


Stability and Growth of Payments

Stable Dividend: 99's dividend payments have been volatile in the past 10 years.

Growing Dividend: 99's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: 99 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

16.8yrs

Average management tenure


CEO

Ben Wong (68 yo)

17.67yrs

Tenure

HK$8,571,000

Compensation

Mr. Chung Mat Wong, also known as Ben, JP, has been the Executive Chairman and Chief Executive Officer of Wong's International Holdings Ltd. since February 1, 2003. Mr. Wong serves as the President of Wong ...


CEO Compensation Analysis

Compensation vs Market: Ben's total compensation ($USD1.11M) is above average for companies of similar size in the Hong Kong market ($USD233.00K).

Compensation vs Earnings: Ben's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Chung Mat Wong
Executive Chairman & CEO17.67yrsHK$8.57m28.6%
HK$ 322.9m
Man Keung Wan
Executive Director16.75yrsHK$4.33m0.21%
HK$ 2.4m
Tsze-Wah Chan
Executive Director30.33yrsHK$1.25m0.38%
HK$ 4.3m
Yin-Man Wong
Executive Director15yrsHK$4.83m0.21%
HK$ 2.4m
Wing-Shun Hung
Executive Director4.92yrsHK$2.33mno data
Kit-Yee Wong
Assistant VP & Executive Assistant to the Chairmanno datano datano data
Yuen Fan Ho
Company Secretary7.92yrsno datano data
Chang-On Tan
Executive Officerno dataHK$1.20mno data

16.8yrs

Average Tenure

68yo

Average Age

Experienced Management: 99's management team is seasoned and experienced (16.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chung Mat Wong
Executive Chairman & CEO17.67yrsHK$8.57m28.6%
HK$ 322.9m
Man Keung Wan
Executive Director16.75yrsHK$4.33m0.21%
HK$ 2.4m
Tsze-Wah Chan
Executive Director30.33yrsHK$1.25m0.38%
HK$ 4.3m
Yin-Man Wong
Executive Director15yrsHK$4.83m0.21%
HK$ 2.4m
Wing-Shun Hung
Executive Director4.92yrsHK$2.33mno data
Ka-Cheung Li
Independent Non-Executive Director21.5yrsHK$160.00kno data
Alfred Donald Yap
Independent Non Executive Director16.08yrsHK$160.00kno data
Sun Say Yu
Independent Non-Executive Director21yrsHK$160.00k0.10%
HK$ 1.1m
Chi Chiu Cheung
Independent Non-Executive Director4.92yrsHK$160.00kno data

16.8yrs

Average Tenure

68yo

Average Age

Experienced Board: 99's board of directors are seasoned and experienced ( 16.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Wong's International Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wong's International Holdings Limited
  • Ticker: 99
  • Exchange: SEHK
  • Founded: 1962
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: HK$1.129b
  • Shares outstanding: 478.48m
  • Website: https://www.wih.com.hk

Number of Employees


Location

  • Wong's International Holdings Limited
  • C-Bons International Center
  • 17th Floor
  • Kwun Tong
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
99SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

Wong's International Holdings Limited develops, manufactures, markets, and distributes electronic products in Hong Kong, rest of Asia, North America, and Europe. It operates in two divisions, Electronic Ma ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 12:53
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.