New Risk • Jun 25
New major risk - Revenue and earnings growth Earnings have declined by 7.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 145% Earnings have declined by 7.2% per year over the past 5 years. Declared Dividend • May 24
Final dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 27th July 2026 Payment date: 7th August 2026 Dividend yield will be 8.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (71% earnings payout ratio) but not covered by cash flows (167% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 21% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 22
Full year 2026 earnings released: EPS: US$0.53 (vs US$0.62 in FY 2025) Full year 2026 results: EPS: US$0.53 (down from US$0.62 in FY 2025). Revenue: US$2.03b (down 6.9% from FY 2025). Net income: US$134.1m (down 14% from FY 2025). Profit margin: 6.6% (down from 7.2% in FY 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Tillkännagivande • May 22
Vtech Holdings Limited, Annual General Meeting, Jul 23, 2026 Vtech Holdings Limited, Annual General Meeting, Jul 23, 2026. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. Independent Non-executive Director Jie Gan was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Tillkännagivande • May 07
Vtech Holdings Limited to Report Fiscal Year 2026 Results on May 21, 2026 Vtech Holdings Limited announced that they will report fiscal year 2026 results on May 21, 2026 Tillkännagivande • Oct 31
Vtech Holdings Limited to Report Q2, 2026 Results on Nov 13, 2025 Vtech Holdings Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Tillkännagivande • Jul 17
Vtech Holdings Limited Approves Final Dividend for the Year Ended 31 March 2025, Payable on 30 August 2025 Vtech Holdings Limited approved final dividend for the year ended 31 March 2025 of USD 0.44 per share. Ex-dividend date 17 July 2025, Record date 21 July 2025 and Payment date 30 August 2025. Date of shareholders' approval is 15 July 2025. Tillkännagivande • May 14
Vtech Holdings Limited, Annual General Meeting, Jul 15, 2025 Vtech Holdings Limited, Annual General Meeting, Jul 15, 2025. Tillkännagivande • May 01
Vtech Holdings Limited to Report Fiscal Year 2025 Results on May 14, 2025 Vtech Holdings Limited announced that they will report fiscal year 2025 results on May 14, 2025 Tillkännagivande • Mar 12
Vtech Holdings Limited Announces Appointment of Gan Jie as Member of Nomination Committee, Effective March 13, 2025 The board of directors of VTech Holdings Limited announced that Professor GAN Jie, an Independent Non-executive Director and a member of the audit committee of the company, has been appointed as a member of the nomination committee of the company (the Nomination Committee) with effect from 13 March 2025. Reported Earnings • Nov 16
First half 2025 earnings released: EPS: US$0.35 (vs US$0.37 in 1H 2024) First half 2025 results: EPS: US$0.35 (down from US$0.37 in 1H 2024). Revenue: US$1.09b (down 4.5% from 1H 2024). Net income: US$87.4m (down 6.6% from 1H 2024). Profit margin: 8.0% (down from 8.2% in 1H 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Declared Dividend • Nov 14
First half dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 5th December 2024 Payment date: 18th December 2024 Dividend yield will be 9.9%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 16% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.3% EPS decline seen over the last 5 years. Tillkännagivande • Oct 31
Vtech Holdings Limited to Report First Half, 2025 Results on Nov 12, 2024 Vtech Holdings Limited announced that they will report first half, 2025 results on Nov 12, 2024 Tillkännagivande • Jul 26
Vtech Holdings Limited Approves Final Dividend for the Year Ended 31 March 2024, Payable on 08 August 2024 Vtech Holdings Limited approved final dividend for the year ended 31 March 2024 of USD 0.48 per share. Ex-dividend date 26 July 2024, Record date 30 July 2024 and Payment date 08 August 2024. Date of shareholders' approval
is 24 July 2024. Upcoming Dividend • Jul 19
Upcoming dividend of US$0.48 per share Eligible shareholders must have bought the stock before 26 July 2024. Payment date: 08 August 2024. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 9.3%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.7%). Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: US$0.66 (vs US$0.59 in FY 2023) Full year 2024 results: EPS: US$0.66 (up from US$0.59 in FY 2023). Revenue: US$2.15b (down 4.3% from FY 2023). Net income: US$166.6m (up 12% from FY 2023). Profit margin: 7.8% (up from 6.7% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 9% per year. Declared Dividend • May 23
Final dividend of US$0.48 announced Shareholders will receive a dividend of US$0.48. Ex-date: 26th July 2024 Payment date: 8th August 2024 Dividend yield will be 9.8%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Tillkännagivande • May 23
Vtech Holdings Limited, Annual General Meeting, Jul 24, 2024 Vtech Holdings Limited, Annual General Meeting, Jul 24, 2024. Reported Earnings • May 22
Full year 2024 earnings released: EPS: US$0.66 (vs US$0.59 in FY 2023) Full year 2024 results: EPS: US$0.66 (up from US$0.59 in FY 2023). Revenue: US$2.15b (down 4.3% from FY 2023). Net income: US$166.6m (up 12% from FY 2023). Profit margin: 7.8% (up from 6.7% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 12% per year. Tillkännagivande • May 10
Vtech Holdings Limited to Report Fiscal Year 2024 Final Results on May 21, 2024 Vtech Holdings Limited announced that they will report fiscal year 2024 final results on May 21, 2024 Upcoming Dividend • Nov 30
Upcoming dividend of US$0.17 per share at 9.9% yield Eligible shareholders must have bought the stock before 07 December 2023. Payment date: 20 December 2023. Payout ratio and cash payout ratio are on the higher end at 93% and 81% respectively. Trailing yield: 9.9%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (4.2%). Reported Earnings • Nov 17
First half 2024 earnings released: EPS: US$0.37 (vs US$0.33 in 1H 2023) First half 2024 results: EPS: US$0.37 (up from US$0.33 in 1H 2023). Revenue: US$1.14b (down 2.1% from 1H 2023). Net income: US$93.6m (up 14% from 1H 2023). Profit margin: 8.2% (up from 7.0% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 1.3% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Tillkännagivande • Nov 02
Vtech Holdings Limited to Report First Half, 2024 Results on Nov 15, 2023 Vtech Holdings Limited announced that they will report first half, 2024 results on Nov 15, 2023 New Risk • Jul 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 2.8% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (100% payout ratio). Tillkännagivande • Jul 23
Vtech Holdings Limited Approves Final Dividend for the Year Ended 31 March 2023, Payment Date Is 03 August 2023 Vtech Holdings Limited approved final dividend for the year ended 31 March 2023 of USD 0.42 per share. Ex-dividend date 21 July 2023, Record date 25 July 2023 and Payment date 03 August 2023. Date of shareholders' approvalis 19 July 2023. Upcoming Dividend • Jul 14
Upcoming dividend of US$0.42 per share at 8.9% yield Eligible shareholders must have bought the stock before 21 July 2023. Payment date: 03 August 2023. Payout ratio and cash payout ratio are on the higher end at 100% and 81% respectively. Trailing yield: 8.9%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.6%). Buying Opportunity • Jul 10
Now 26% undervalued Over the last 90 days, the stock is up 6.7%. The fair value is estimated to be €7.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has declined by 8.7%. Reported Earnings • Jun 16
Full year 2023 earnings released: EPS: US$0.59 (vs US$0.69 in FY 2022) Full year 2023 results: EPS: US$0.59 (down from US$0.69 in FY 2022). Revenue: US$2.24b (down 5.4% from FY 2022). Net income: US$149.2m (down 14% from FY 2022). Profit margin: 6.7% (down from 7.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Tillkännagivande • May 19
Vtech Holdings Limited, Annual General Meeting, Jul 19, 2023 Vtech Holdings Limited, Annual General Meeting, Jul 19, 2023. Agenda: To consider final dividend in respect of the year ended 31 March 2023. Reported Earnings • May 18
Full year 2023 earnings released: EPS: US$0.59 (vs US$0.69 in FY 2022) Full year 2023 results: EPS: US$0.59 (down from US$0.69 in FY 2022). Revenue: US$2.24b (down 5.4% from FY 2022). Net income: US$149.2m (down 14% from FY 2022). Profit margin: 6.7% (down from 7.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Tillkännagivande • May 06
Vtech Holdings Limited to Report Fiscal Year 2023 Results on May 17, 2023 Vtech Holdings Limited announced that they will report fiscal year 2023 results on May 17, 2023 Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Non-Executive Director William Wong was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Nov 25
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 02 December 2022. Payment date: 15 December 2022. Payout ratio is on the higher end at 96%, and the cash payout ratio is above 100%. Trailing yield: 11%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.6%). Reported Earnings • Nov 16
First half 2023 earnings released: EPS: US$0.33 (vs US$0.30 in 1H 2022) First half 2023 results: EPS: US$0.33 (up from US$0.30 in 1H 2022). Revenue: US$1.16b (up 4.5% from 1H 2022). Net income: US$82.0m (up 6.6% from 1H 2022). Profit margin: 7.0% (up from 6.9% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 12
First half 2023 earnings released: EPS: US$0.33 (vs US$0.30 in 1H 2022) First half 2023 results: EPS: US$0.33 (up from US$0.30 in 1H 2022). Revenue: US$1.16b (up 4.5% from 1H 2022). Net income: US$82.0m (up 6.6% from 1H 2022). Profit margin: 7.0% (up from 6.9% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 16% share price gain to €6.10, the stock trades at a trailing P/E ratio of 8.4x. Average forward P/E is 19x in the Communications industry in Europe. Total loss to shareholders of 8.2% over the past three years. Tillkännagivande • Oct 28
Vtech Holdings Limited to Report First Half, 2023 Results on Nov 10, 2022 Vtech Holdings Limited announced that they will report first half, 2023 results on Nov 10, 2022 Tillkännagivande • Jul 16
Vtech Holdings Limited Announces Final Dividend for the Year Ended 31 March 2022, Payable on July 28, 2022 Vtech Holdings Limited announced Final Dividend for the year ended 31 March 2022 of USD 0.51 per share with Ex-dividend date 15 July 2022, Record date 19 July 2022 and Payment date to be 28 July, 2022. Upcoming Dividend • Jul 08
Upcoming dividend of US$0.51 per share Eligible shareholders must have bought the stock before 15 July 2022. Payment date: 28 July 2022. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 8.7%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.8%). Tillkännagivande • Jun 09
Vtech Holdings Limited, Annual General Meeting, Jul 13, 2022 Vtech Holdings Limited, Annual General Meeting, Jul 13, 2022, at 15:30 China Standard Time. Location: t Jade & Lotus Room, 6th Floor, Marco Polo Hongkong Hotel, Harbour City, 3 Canton Road, Tsim Sha Tsui Kowloon Hong Kong Agenda: To receive and consider the audited consolidated financial statements and the reports of the directors of the Company and the auditor of the Company for the year ended 31 March 2022; to consider and declare a final dividend in respect of the year ended 31 March 2022; to re-appoint KPMG as the Auditor and authorize the board of the Directors to fix its remuneration; to grant a general mandate to the Directors to repurchase shares representing up to 10% of the issued share capital of the Company at the date of the 2022 AGM; to grant a general mandate to the Directors to allot, issue and deal with additional shares representing up to 10% of the issued share capital of the Company at the date of the 2022 AGM, and the discount for any shares to be issued shall not be more than 10% to the Benchmarked Price; and to discuss other matters. Tillkännagivande • May 18
Vtech Holdings Limited Proposes Final Dividend for the Year Ending March 31, 2022, Payable on July 28, 2022 The Board of Directors of Vtech Holdings Limited has proposed a final dividend of 51.0 cents per ordinary share, providing a full-year dividend of 68.0 cents per ordinary share, a 25.3% decrease from the 91.0 cents declared in the previous financial year. This represents a dividend payout ratio of 99.4%. Ex-dividend date on July 15, 2022. Record date on July 19, 2022. Payment date on July 28, 2022. Reported Earnings • May 17
Full year 2022 earnings released: EPS: US$0.69 (vs US$0.92 in FY 2021) Full year 2022 results: EPS: US$0.69 (down from US$0.92 in FY 2021). Revenue: US$2.37b (flat on FY 2021). Net income: US$172.7m (down 25% from FY 2021). Profit margin: 7.3% (down from 9.7% in FY 2021). Over the next year, revenue is forecast to grow 5.7%, compared to a 7.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Tillkännagivande • May 04
Vtech Holdings Limited to Report Fiscal Year 2022 Results on May 16, 2022 Vtech Holdings Limited announced that they will report fiscal year 2022 results on May 16, 2022 Reported Earnings • Dec 03
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: US$0.30 (down from US$0.49 in 1H 2021). Revenue: US$1.11b (flat on 1H 2021). Net income: US$76.9m (down 38% from 1H 2021). Profit margin: 6.9% (down from 11% in 1H 2021). Revenue exceeded analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 1.7%, compared to a 4.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 29
Upcoming dividend of US$0.17 per share Eligible shareholders must have bought the stock before 06 December 2021. Payment date: 17 December 2021. Trailing yield: 11%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.0%). Tillkännagivande • Sep 23
Vtech Holdings Limited Announces Earnings Guidance for the Six Months Ended September 30, 2021 Vtech Holdings Limited announced earnings guidance for the six months ended September 30, 2021. For the six months, the Group expects to report a 35% to 40% decrease in profit attributable to shareholders of the Company for the six months ended 30 September 2021, as compared with the reported profit of USD 123.6 million for the corresponding period in 2020. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €6.90, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 26x in the Communications industry in Europe. Total loss to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$7.85, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 26x in the Communications industry in Europe. Total returns to shareholders of 7.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.26 per share. Upcoming Dividend • Jul 09
Upcoming dividend of US$0.74 per share Eligible shareholders must have bought the stock before 15 July 2021. Payment date: 28 July 2021. Trailing yield: 8.9%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.8%). Reported Earnings • Jun 09
Full year 2021 earnings released: EPS US$0.92 (vs US$0.76 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: US$2.37b (up 9.5% from FY 2020). Net income: US$230.9m (up 21% from FY 2020). Profit margin: 9.7% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 20% share price gain to US$8.45, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 24x in the Communications industry in Europe. Total returns to shareholders of 3.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.40 per share. Tillkännagivande • May 19
Vtech Holdings Limited Recommends Final Dividend in Respect of the Year Ended 31 March 2021, Payable on 28 July 2021 The Board of Directors of Vtech Holdings Limited has recommended the payment of a final dividend of 74.0 US cents per ordinary share in respect of the year ended 31 March 2021, payable on 28 July 2021 to the shareholders whose names appear on the register of members of the Company as at the close of business on 19 July 2021 subject to the approval of the shareholders of the Company at the forthcoming annual general meeting of the Company to be held on 13 July 2021. Reported Earnings • May 19
Full year 2021 earnings released: EPS US$0.92 (vs US$0.76 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: US$2.37b (up 9.5% from FY 2020). Net income: US$230.9m (up 21% from FY 2020). Profit margin: 9.7% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 06
New 90-day high: €7.25 The company is up 17% from its price of €6.20 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Communications industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.92 per share. Tillkännagivande • Mar 05
VTech Announces New Products in Its Successful Go! Go! Cory Carson Toy Line Are Now Available Nationwide VTech announced new products in its successful Go! Go! Cory Carson toy line are now available nationwide. Go! Go! Cory Carson follows the adventures of kid car Cory Carson, his family and his friends in Bumperton Hills as they navigate the winding roads of childhood. Episodes of the animated preschool series are streaming globally on Netflix and are available on the Netflix Jr. YouTube channel. Go! Go! Cory Carson® Two Scoops Eileen Ice Cream Truck™: Can you hear the ice cream truck? Pick your favorite ice cream treat with Two Scoops Eileen Ice Cream Truck™ just like in the original series Go! Go! Cory Carson! Hear Eileen talk by pressing her light-up windshield button, and watch her cone light up as she plays sound effects and songs from the show. With so many kinds of ice cream, how will Cory and Chrissy choose? Drive the included special-edition mini Cory and mini Chrissy PlayZone™ characters up to the window and press Eileen's serving counter for more role-play interactions. Eileen's face lights up with the sounds. Roll Eileen around to see her cone light up and hear her play music. Go! Go! Cory Carson® The Carson Playhouse™: Launch into an exciting play date with the Carsons at the Go! Go! Cory Carson The Carson Playhouse playset just like in the original series Go! Go! Cory Carson! Hear Mama Carson encourage exploration of all the exciting activities the playhouse has to offer with special-edition mini PlayZone characters Cory and Chrissy. Press the mailbox to flip open the garage door and launch the characters into the tire swing. Play on the seesaw or with the tire swing for even more role-play fun, then activate the PlayZone location in front of the garage front door to hear each character say unique phrases. Go! Go! Cory Carson® Fire Rescue Cory: Captain Cory is here to save the day! I'm Fire Rescue Cory and you're going to love going on adventures with me in Bumperton Hills just like in the original series Go! Go! Cory Carson! We'll have so much fun together. For even more role-play fun, place the fire hose on my back to hear me talk about firefighter training! Hear more phrases by pressing my light-up windshield button. I'll also play sound effects and music while my face lights up. Roll me around to trigger role-play sound effects. Is New 90 Day High Low • Feb 03
New 90-day high: €7.05 The company is up 23% from its price of €5.75 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Communications industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.74 per share. Tillkännagivande • Jan 22
Vtech Holdings Limited (SEHK:303) signed an agreement to acquire Mexican Manufacturing Facility of QSC Audio Products, LLC. Vtech Holdings Limited (SEHK:303) signed an agreement to acquire Mexican Manufacturing Facility of QSC Audio Products, LLC on January 20, 2021. The transaction includes includes the fixed assets and business in manufacturing wood enclosure loudspeakers for the North American market. In addition to manufacturing QSC's range of wood enclosure loudspeakers, this acquisition will strengthen VTech Contract Manufacturing Services' (CMS) leading position as a manufacturer of professional audio equipment. It also brings new know-how and additional growth potential to VTech. The acquisition will be funded through internal resources. Transaction is subject to certain closing conditions in the agreement and transaction is expected to close in the second quarter of 2021 . Tillkännagivande • Jan 20
VTech Holdings Limited to Launch Green Electronic Learning Products with Sustainability Pledge 2030 VTech Holdings Limited announced that it will launch a variety of green electronic learning products in 2021, which marks an important step for its sustainability commitment towards replacing fossil based plastics with sustainable alternatives by 2030. VTech branded eco-friendly products include four new vehicles in the popular Go! Go! Smart Wheels® series made from plant-based plastic, and the Sort & Recycle Ride-on Truck™ made from reclaimed plastic. As for LeapFrog branded products, in addition to a new Choppin' Fun Learning Pot™ with vegetables accessories made from plant-based plastic, VTech will source materials from responsibly managed forests certified by Forest Stewardship Council® for two new wooden toys, Touch & Learn Nature ABC Board™ and Interactive Wooden Animal Puzzle™. Is New 90 Day High Low • Jan 19
New 90-day high: €6.80 The company is up 23% from its price of €5.55 on 21 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Communications industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.23 per share. Reported Earnings • Nov 28
First half 2021 earnings released: EPS US$0.49 The company reported a decent first half result with improved earnings, although revenues and profit margins were flat. First half 2021 results: Revenue: US$1.12b (flat on 1H 2020). Net income: US$123.6m (up 4.7% from 1H 2020). Profit margin: 11% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Nov 24
Upcoming Dividend of US$0.17 Per Share Will be paid on the 14th of December to those who are registered shareholders by the 1st of December. The trailing yield of 6.9% is in the top quartile of German dividend payers (3.6%), and it is higher than industry peers (1.4%). Reported Earnings • Nov 13
First half 2021 earnings released: EPS US$0.49 The company reported a decent first half result with improved earnings, although revenues and profit margins were flat. First half 2021 results: Revenue: US$1.12b (flat on 1H 2020). Net income: US$123.6m (up 4.7% from 1H 2020). Profit margin: 11% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Nov 11
New 90-day high: €6.55 The company is up 41% from its price of €4.64 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.99 per share. Is New 90 Day High Low • Oct 06
New 90-day high: €5.45 The company is up 5.0% from its price of €5.20 on 08 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.80 per share. 
