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LongiTech Smart Energy Holding

SEHK:1281
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1281
SEHK
HK$965M
Market Cap
  1. Home
  2. HK
  3. Utilities
Company description

LongiTech Smart Energy Holding Limited, together with its subsidiaries, engages in smart and solar energy, and primary land development and public infrastructure construction businesses in the People’s Republic of China. The last earnings update was 96 days ago. More info.


Add to Portfolio Compare Print
  • LongiTech Smart Energy Holding has significant price volatility in the past 3 months.
1281 Share Price and Events
7 Day Returns
1.6%
SEHK:1281
-0.1%
HK Renewable Energy
0.8%
HK Market
1 Year Returns
-59.6%
SEHK:1281
-18.2%
HK Renewable Energy
-4.4%
HK Market
1281 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LongiTech Smart Energy Holding (1281) 1.6% -11% -9.7% -59.6% -69% -54.9%
HK Renewable Energy -0.1% -1.1% -6.3% -18.2% -12.7% -49.1%
HK Market 0.8% 0.3% -7.4% -4.4% 17.8% 1.7%
1 Year Return vs Industry and Market
  • 1281 underperformed the Renewable Energy industry which returned -18.2% over the past year.
  • 1281 underperformed the Market in Hong Kong which returned -4.4% over the past year.
Price Volatility
1281
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for LongiTech Smart Energy Holding's competitors could be found in our database.

1281 Value

 Is LongiTech Smart Energy Holding 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 LongiTech Smart Energy Holding 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 LongiTech Smart Energy Holding.

SEHK:1281 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 6.8%
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:1281
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Renewable Energy Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.471 (1 + (1- 25%) (66.74%))
0.803
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.803 * 5.96%)
6.79%

Discounted Cash Flow Calculation for SEHK:1281 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for LongiTech Smart Energy Holding 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:1281 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 6.79%)
2020 648.91 Est @ 67.3% 607.65
2021 958.52 Est @ 47.71% 840.49
2022 1,284.42 Est @ 34% 1,054.64
2023 1,597.82 Est @ 24.4% 1,228.54
2024 1,880.34 Est @ 17.68% 1,353.83
2025 2,124.36 Est @ 12.98% 1,432.26
2026 2,330.12 Est @ 9.69% 1,471.08
2027 2,502.09 Est @ 7.38% 1,479.20
2028 2,646.40 Est @ 5.77% 1,465.02
2029 2,769.14 Est @ 4.64% 1,435.48
Present value of next 10 years cash flows CN¥12,368.18
SEHK:1281 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,769.14 × (1 + 2%) ÷ (6.79% – 2%)
CN¥58,993.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥58,993.46 ÷ (1 + 6.79%)10
CN¥30,581.40
SEHK:1281 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥12,368.18 + CN¥30,581.40
CN¥42,949.58
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥42,949.58 / 1,484.60
CN¥28.93
SEHK:1281 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1281)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥28.93 x 1.135
HK$32.83
Value per share (HKD) From above. HK$32.83
Current discount Discount to share price of HK$0.65
= -1 x (HK$0.65 - HK$32.83) / HK$32.83
98%

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

Current Discount
Amount off the current price LongiTech Smart Energy Holding is available for.
Intrinsic value
>50%
Share price is HK$0.65 vs Future cash flow value of HK$32.83
Current Discount Checks
For LongiTech Smart Energy Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • LongiTech Smart Energy Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • LongiTech Smart Energy Holding'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 LongiTech Smart Energy Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LongiTech Smart Energy Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1281 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.08
SEHK:1281 Share Price ** SEHK (2019-07-19) in HKD HK$0.65
SEHK:1281 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.57
Hong Kong Renewable Energy Industry PE Ratio Median Figure of 24 Publicly-Listed Renewable Energy Companies 9.39x
Hong Kong Market PE Ratio Median Figure of 1,512 Publicly-Listed Companies 10.77x

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

** Primary Listing of LongiTech Smart Energy Holding.

SEHK:1281 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1281 Share Price ÷ EPS (both in CNY)

= 0.57 ÷ 0.08

6.98x

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

  • LongiTech Smart Energy Holding is good value based on earnings compared to the HK Renewable Energy industry average.
  • LongiTech Smart Energy Holding is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does LongiTech Smart Energy Holding's expected growth come at a high price?
Raw Data
SEHK:1281 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
6.4%per year
Hong Kong Renewable Energy Industry PEG Ratio Median Figure of 17 Publicly-Listed Renewable Energy Companies 0.74x
Hong Kong Market PEG Ratio Median Figure of 481 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 LongiTech Smart Energy Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on LongiTech Smart Energy Holding's assets?
Raw Data
SEHK:1281 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.99
SEHK:1281 Share Price * SEHK (2019-07-19) in HKD HK$0.65
SEHK:1281 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.57
Hong Kong Renewable Energy Industry PB Ratio Median Figure of 27 Publicly-Listed Renewable Energy Companies 0.66x
Hong Kong Market PB Ratio Median Figure of 2,198 Publicly-Listed Companies 0.92x
SEHK:1281 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1281 Share Price ÷ Book Value per Share (both in CNY)

= 0.57 ÷ 0.99

0.58x

* Primary Listing of LongiTech Smart Energy Holding.

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

  • LongiTech Smart Energy Holding is good value based on assets compared to the HK Renewable Energy industry average.
X
Value checks
We assess LongiTech Smart Energy Holding'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 Renewable Energy 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 Renewable Energy industry average (and greater than 0)? (1 check)
  5. LongiTech Smart Energy Holding has a total score of 5/6, 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.

1281 Future Performance

 How is LongiTech Smart Energy Holding expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover LongiTech Smart Energy Holding, 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
6.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LongiTech Smart Energy Holding expected to grow at an attractive rate?
  • LongiTech Smart Energy Holding's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • LongiTech Smart Energy Holding's earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare LongiTech Smart Energy Holding's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1281 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1281 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 6.4%
Hong Kong Renewable Energy Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
Hong Kong Renewable Energy Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*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:1281 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:1281 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1281 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 708 455 108
2018-09-30 879 171 139
2018-06-30 1,050 -112 170
2018-03-31 974 -197 153
2017-12-31 898 -282 135
2017-09-30 746 96
2017-06-30 550 -280 54
2017-03-31 557 -238 52
2016-12-31 564 -196 50
2016-09-30 604 54
2016-06-30 601 -301 56
2016-03-31 463 -284 35

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LongiTech Smart Energy Holding's earnings are expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if LongiTech Smart Energy Holding 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:1281 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from LongiTech Smart Energy Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1281 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1281 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.08
2018-09-30 0.12
2018-06-30 0.17
2018-03-31 0.17
2017-12-31 0.17
2017-09-30 0.13
2017-06-30 0.08
2017-03-31 0.08
2016-12-31 0.08
2016-09-30 0.09
2016-06-30 0.09
2016-03-31 0.06

*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 LongiTech Smart Energy Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess LongiTech Smart Energy Holding'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.
LongiTech Smart Energy Holding has a total score of 1/6, 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.

1281 Past Performance

  How has LongiTech Smart Energy Holding 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 LongiTech Smart Energy Holding's growth in the last year to its industry (Renewable Energy).
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.
  • LongiTech Smart Energy Holding has delivered over 20% year on year earnings growth in the past 5 years.
  • LongiTech Smart Energy Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • LongiTech Smart Energy Holding's 1-year earnings growth is negative, it can't be compared to the HK Renewable Energy industry average.
Earnings and Revenue History
LongiTech Smart Energy Holding'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 LongiTech Smart Energy Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1281 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 708.49 107.72 111.38
2018-09-30 879.48 138.81 116.16
2018-06-30 1,050.46 169.91 120.94
2018-03-31 974.18 152.67 106.82
2017-12-31 897.90 135.44 92.71
2017-09-30 745.61 95.60 72.76
2017-06-30 550.09 54.05 43.60
2017-03-31 557.00 51.89 33.16
2016-12-31 563.91 49.74 22.71
2016-09-30 604.19 53.56 23.82
2016-06-30 601.25 55.66 15.73
2016-03-31 462.71 35.13 13.11
2015-12-31 324.17 14.60 10.49
2015-06-30 51.14 -0.68 7.96
2015-03-31 56.48 0.77 7.93
2014-12-31 61.83 2.22 7.90
2014-06-30 47.15 3.78 -1.46
2014-03-31 54.13 2.83 4.45
2013-12-31 61.11 1.87 10.36
2013-09-30 104.08 19.44 33.93
2013-06-30 107.25 32.59 36.45
2013-03-31 106.48 31.82 37.91
2012-12-31 105.70 31.04 39.38
2012-09-30 302.92 91.87 42.07

*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.
  • LongiTech Smart Energy Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • LongiTech Smart Energy Holding used its assets more efficiently than the HK Renewable Energy industry average last year based on Return on Assets.
  • LongiTech Smart Energy Holding has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess LongiTech Smart Energy Holding'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 Renewable Energy 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.
LongiTech Smart Energy Holding has a total score of 3/6, 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.

1281 Health

 How is LongiTech Smart Energy Holding'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 LongiTech Smart Energy Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LongiTech Smart Energy Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • LongiTech Smart Energy Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of LongiTech Smart Energy Holding'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 2.4x 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 LongiTech Smart Energy Holding Company Filings, last reported 6 months ago.

SEHK:1281 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,479.95 567.60 497.11
2018-09-30 1,479.95 567.60 497.11
2018-06-30 1,311.88 855.43 346.69
2018-03-31 1,311.88 855.43 346.69
2017-12-31 774.80 933.55 107.02
2017-09-30 774.80 933.55 107.02
2017-06-30 445.60 1,194.95 83.87
2017-03-31 445.60 1,194.95 83.87
2016-12-31 306.88 704.24 208.04
2016-09-30 306.88 704.24 208.04
2016-06-30 117.34 736.51 213.18
2016-03-31 117.34 736.51 213.18
2015-12-31 70.56 520.00 158.52
2015-06-30 56.97 1.61 20.16
2015-03-31 56.97 1.61 20.16
2014-12-31 265.44 78.00 14.91
2014-06-30 297.28 321.91 107.16
2014-03-31 297.28 321.91 107.16
2013-12-31 330.14 264.00 69.97
2013-09-30 330.14 264.00 69.97
2013-06-30 326.11 240.00 102.46
2013-03-31 326.11 240.00 102.46
2012-12-31 320.79 213.38 94.42
2012-09-30 320.79 213.38 94.42
  • LongiTech Smart Energy Holding's level of debt (38.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (80.3% vs 38.4% today).
  • Debt is well covered by operating cash flow (80.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15x coverage).
X
Financial health checks
We assess LongiTech Smart Energy Holding'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. LongiTech Smart Energy Holding has a total score of 6/6, 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.

1281 Dividends

 What is LongiTech Smart Energy Holding'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 LongiTech Smart Energy Holding dividends.
If you bought HK$2,000 of LongiTech Smart Energy Holding 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 LongiTech Smart Energy Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate LongiTech Smart Energy Holding'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:1281 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 Renewable Energy Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 3.4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:1281 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as LongiTech Smart Energy Holding has not reported any payouts.
  • Unable to verify if LongiTech Smart Energy Holding's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of LongiTech Smart Energy Holding's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as LongiTech Smart Energy Holding has not reported any payouts.
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 LongiTech Smart Energy Holding'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 LongiTech Smart Energy Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LongiTech Smart Energy Holding 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.

1281 Management

 What is the CEO of LongiTech Smart Energy Holding'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
Qiang Wei
COMPENSATION CN¥2,383,000
AGE 36
TENURE AS CEO 1.3 years
CEO Bio

Mr. Qiang Wei has been Chairman of the Board at LongiTech Smart Energy Holding Limited since June 29, 2017 and serves as its Executive Director. Mr. Wei has been Co-Chief executive Officer of LongiTech Smart Energy Holding Limited since April 2018 and previously served as tis Chief Executive Officer until April 2018. He founded Light Way Green Energy Co., Ltd. 2008 and is generally responsible for the operation and management of Lightway Company. He has around 7 years of work and management experiences in the clean energy industry. During these past 7 years, Mr. Wei and Lightway Company under his leadership have won over 50 provincial, national and international corporation awards, as well as individual awards, such as Hebei Province Technology Innovation Model Enterprise, International Science and Technology Cooperation Model Enterprise and Baoding Top 10 Innovation- driven Leader. From 2003 to 2006, Mr. Wei studied at the University of Auckland in New Zealand majoring in Finance and from 2007 to 2009, studied Business Administration and Information Strategies at Tsinghua University.

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

Average tenure and age of the LongiTech Smart Energy Holding management team in years:

2.9
Average Tenure
40.5
Average Age
  • The tenure for the LongiTech Smart Energy Holding management team is about average.
Management Team

Qiang Wei

TITLE
Chairman & CEO
COMPENSATION
CN¥2M
AGE
36
TENURE
1.3 yrs

Chi Ping Yuen

TITLE
Vice Chairman & Co-CEO
COMPENSATION
CN¥4M
AGE
40
TENURE
1.3 yrs

Zhengang Liu

TITLE
Operations VP & Executive Director
COMPENSATION
CN¥1M
AGE
44
TENURE
3.7 yrs

Yanhong Zou

TITLE
Director of Securities Affairs Department & Joint Company Secretary
TENURE
2.9 yrs

Ka Man Ng

TITLE
Joint Company Secretary
AGE
41
TENURE
2.9 yrs
Board of Directors Tenure

Average tenure and age of the LongiTech Smart Energy Holding board of directors in years:

3.1
Average Tenure
52
Average Age
  • The tenure for the LongiTech Smart Energy Holding board of directors is about average.
Board of Directors

Qiang Wei

TITLE
Chairman & CEO
COMPENSATION
CN¥2M
AGE
36
TENURE
2.1 yrs

Chi Ping Yuen

TITLE
Vice Chairman & Co-CEO
COMPENSATION
CN¥4M
AGE
40
TENURE
1.3 yrs

Zhengang Liu

TITLE
Operations VP & Executive Director
COMPENSATION
CN¥1M
AGE
44
TENURE
2.1 yrs

Qinchun Han

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥378K
AGE
61
TENURE
4.4 yrs

John Wong

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥378K
AGE
52
TENURE
3.8 yrs

Shaojun Wei

TITLE
Non-Executive Director
AGE
55
TENURE
4.5 yrs

Xiaoping Han

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥378K
AGE
62
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
19. Jul 19 Buy Lightway Power Holdings Limited Company 18. Jul 19 18. Jul 19 996,000 HK$0.66 HK$657,957
18. Jul 19 Buy Lightway Power Holdings Limited Company 17. Jul 19 17. Jul 19 466,000 HK$0.71 HK$328,577
17. Jul 19 Buy Lightway Power Holdings Limited Company 16. Jul 19 16. Jul 19 3,638,000 HK$0.65 HK$2,378,529
16. Jul 19 Buy Lightway Power Holdings Limited Company 15. Jul 19 15. Jul 19 1,174,000 HK$0.63 HK$742,559
15. Jul 19 Buy Lightway Power Holdings Limited Company 12. Jul 19 12. Jul 19 2,750,000 HK$0.64 HK$1,770,441
12. Jul 19 Buy Lightway Power Holdings Limited Company 11. Jul 19 11. Jul 19 10,545,000 HK$0.61 HK$6,480,982
11. Jul 19 Buy Lightway Power Holdings Limited Company 10. Jul 19 10. Jul 19 5,950,000 HK$0.62 HK$3,695,536
21. Feb 19 Sell Wei Zhang Individual 14. Feb 19 14. Feb 19 -15,400,000 HK$0.64 HK$-9,932,983
25. Feb 19 Sell Wei Zhang Individual 22. Feb 19 22. Feb 19 -55,357,000 HK$0.68 HK$-37,565,433
22. Feb 19 Sell Wei Zhang Individual 21. Feb 19 21. Feb 19 -35,408,000 HK$0.67 HK$-23,553,401
21. Feb 19 Sell Wei Zhang Individual 15. Feb 19 15. Feb 19 -2,440,000 HK$0.65 HK$-1,573,802
26. Oct 18 Buy Lightway Power Holdings Limited Company 25. Oct 18 25. Oct 18 10,387,000 HK$1.93 HK$19,995,976
31. Oct 18 Buy Lightway Power Holdings Limited Company 30. Oct 18 30. Oct 18 18,613,000 HK$1.84 HK$34,247,850
11. Oct 18 Buy Lightway Power Holdings Limited Company 09. Oct 18 09. Oct 18 19,960,000 HK$2.00 HK$39,920,044
29. Sep 18 Buy Shaojun Wei Individual 28. Sep 18 28. Sep 18 19,018,000 HK$2.08 HK$39,538,434
26. Sep 18 Buy Shaojun Wei Individual 24. Sep 18 24. Sep 18 32,703,000 HK$1.90 HK$62,266,430
X
Management checks
We assess LongiTech Smart Energy Holding'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. LongiTech Smart Energy Holding 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.

1281 News

Simply Wall St News

Could The LongiTech Smart Energy Holding Limited (HKG:1281) Ownership Structure Tell Us Something Useful?

LongiTech Smart Energy Holding is a smaller company with a market capitalization of HK$950m, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for LongiTech Smart Energy Holding SEHK:1281 Ownership Summary, July 19th 2019 What Does The Institutional Ownership Tell Us About LongiTech Smart Energy Holding? … Insider Ownership Of LongiTech Smart Energy Holding While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Read This Before You Buy LongiTech Smart Energy Holding Limited (HKG:1281) Because Of Its P/E Ratio

We'll look at LongiTech Smart Energy Holding Limited's (HKG:1281) P/E ratio and reflect on what it tells us about the company's share price. … The formula for price to earnings is: Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) Or for LongiTech Smart Energy Holding: P/E of 6.94 = CN¥0.57 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.082 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … LongiTech Smart Energy Holding saw earnings per share decrease by 52% last year.

Simply Wall St -

Who Has Been Buying LongiTech Smart Energy Holding Limited (HKG:1281) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in LongiTech Smart Energy Holding Limited (HKG:1281). … View our latest analysis for LongiTech Smart Energy Holding LongiTech Smart Energy Holding Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by Non-Executive Director Shaojun Wei for HK$62m worth of shares, at about HK$1.90 per share. … Judging from their transactions, and high insider ownership, LongiTech Smart Energy Holding insiders feel good about the company's future.

Simply Wall St -

Some LongiTech Smart Energy Holding (HKG:1281) Shareholders Have Copped A Big 66% Share Price Drop

Long term LongiTech Smart Energy Holding Limited (HKG:1281) shareholders know that all too well, since the share price is down considerably over three years. … See our latest analysis for LongiTech Smart Energy Holding. … During the unfortunate three years of share price decline, LongiTech Smart Energy Holding actually saw its earnings per share (EPS) improve by 51% per year.

Simply Wall St -

Could LongiTech Smart Energy Holding Limited's (HKG:1281) Investor Composition Influence The Stock Price?

The big shareholder groups in LongiTech Smart Energy Holding Limited (HKG:1281) have power over the company. … LongiTech Smart Energy Holding is a smaller company with a market capitalization of HK$1.1b, so it may still be flying under the radar of many institutional investors. … View our latest analysis for LongiTech Smart Energy Holding

Simply Wall St -

Is LongiTech Smart Energy Holding Limited's (HKG:1281) Balance Sheet A Threat To Its Future?

Assessing first and foremost the financial health is. … since poor capital management may bring about bankruptcies, … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Have Insiders Been Buying LongiTech Smart Energy Holding Limited (HKG:1281) Shares?

So before you buy or sell LongiTech Smart Energy Holding Limited (HKG:1281), you may well want to know whether insiders have been buying or selling. … Check out our latest analysis for LongiTech Smart Energy Holding. … LongiTech Smart Energy Holding Insider Transactions Over The Last Year.

Simply Wall St -

LongiTech Smart Energy Holding Limited (HKG:1281) Might Not Be A Great Investment

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

A Closer Look At LongiTech Smart Energy Holding Limited's (HKG:1281) Impressive ROE

To keep the lesson grounded in practicality, we'll use ROE to better understand LongiTech Smart Energy Holding Limited (HKG:1281). … LongiTech Smart Energy Holding has a ROE of 13%, based on the last twelve months. … View our latest analysis for LongiTech Smart Energy Holding?

Simply Wall St -

Who Really Owns LongiTech Smart Energy Holding Limited (HKG:1281)?

Today, I will be analyzing LongiTech Smart Energy Holding Limited’s (HKG:1281) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … See our latest analysis for LongiTech Smart Energy Holding

Simply Wall St -

1281 Company Info

Description

LongiTech Smart Energy Holding Limited, together with its subsidiaries, engages in smart and solar energy, and primary land development and public infrastructure construction businesses in the People’s Republic of China. The company offers smart energy comprehensive utilization services, which include multi-energy complementation, smart operation and maintenance, power trade, energy efficiency analysis and consultancy management, and other value-added services based on various energy resources, such as cooling, heat, electricity, gas, and photovoltaic. It also develops and operates distributed photovoltaic power stations comprising industrial and commercial distributed power stations, and develops home photovoltaic systems. The company was formerly known as Long Ji Tai He Holding Limited and changed its name to LongiTech Smart Energy Holding Limited in August 2016. The company was incorporated in 2011 and is headquartered in Beijing, the People’s Republic of China. LongiTech Smart Energy Holding Limited is a subsidiary of Longevity Investment Holding Limited.

Details
Name: LongiTech Smart Energy Holding Limited
1281
Exchange: SEHK
Founded: 2011
HK$964,992,600
1,484,604,000
Website: http://www.longitech.hk
Address: LongiTech Smart Energy Holding Limited
Minsheng Building,
12th Floor,
Beijing,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1281 Ordinary shares The Stock Exchange of Hong Kong Ltd. HK HKD 12. Jan 2012
Number of employees
Current staff
Staff numbers
170
LongiTech Smart Energy Holding employees.
Industry
Renewable Electricity
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 02:10
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2018/03/29
Last earnings filing: 2019/04/17
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.