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VPower Group International Holdings

DB:2V3
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2V3
DB
HK$6B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

VPower Group International Holdings Limited designs, integrates, and sells gas-fired and diesel-fired engine-based gen-sets and power generation systems. The last earnings update was 215 days ago. More info.


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2V3 Share Price and Events
7 Day Returns
0%
DB:2V3
1.8%
DE Electrical
2.2%
DE Market
1 Year Returns
-13.3%
DB:2V3
-8.9%
DE Electrical
-17.2%
DE Market
2V3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VPower Group International Holdings (2V3) 0% -0.8% -12.8% -13.3% -41.2% -
DE Electrical 1.8% -20.6% -35.7% -8.9% -41.9% -42.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • 2V3 underperformed the Electrical industry which returned -8.9% over the past year.
  • 2V3 outperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
2V3
Industry
5yr Volatility vs Market

2V3 Value

 Is VPower Group International Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of VPower Group International Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for VPower Group International Holdings.

DB:2V3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:2V3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.119 (1 + (1- 25%) (73.49%))
1.493
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.49
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.493 * 6.07%)
8.67%

Discounted Cash Flow Calculation for DB:2V3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for VPower Group International Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:2V3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.67%)
2020 -489.00 Analyst x1 -449.97
2021 73.00 Analyst x1 61.81
2022 290.00 Analyst x1 225.96
2023 567.00 Analyst x1 406.54
2024 471.00 Analyst x1 310.75
2025 414.46 Est @ -12% 251.63
2026 379.15 Est @ -8.52% 211.82
2027 356.10 Est @ -6.08% 183.06
2028 340.52 Est @ -4.37% 161.09
2029 329.70 Est @ -3.18% 143.52
Present value of next 10 years cash flows HK$1,506.00
DB:2V3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$329.70 × (1 + -0.39%) ÷ (8.67% – -0.39%)
HK$3,623.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$3,623.78 ÷ (1 + 8.67%)10
HK$1,577.44
DB:2V3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$1,506.00 + HK$1,577.44
HK$3,083.44
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$3,083.44 / 2,562.33
HK$1.2
DB:2V3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2V3 represents 0.11556x of SEHK:1608
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11556x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.20 x 0.11556
€0.14
Value per share (EUR) From above. €0.14
Current discount Discount to share price of €0.26
= -1 x (€0.26 - €0.14) / €0.14
-87%

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

  • The current share price of VPower Group International Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 VPower Group International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VPower Group International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2V3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$0.08
SEHK:1608 Share Price ** SEHK (2020-03-31) in HKD HK$2.25
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 24.37x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

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

** Primary Listing of VPower Group International Holdings.

DB:2V3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1608 Share Price ÷ EPS (both in HKD)

= 2.25 ÷ 0.08

28.55x

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

  • VPower Group International Holdings is overvalued based on earnings compared to the DE Electrical industry average.
  • VPower Group International Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does VPower Group International Holdings's expected growth come at a high price?
Raw Data
DB:2V3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
47.8%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1.01x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:2V3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.55x ÷ 47.8%

0.6x

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

  • VPower Group International Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on VPower Group International Holdings's assets?
Raw Data
DB:2V3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$1.05
SEHK:1608 Share Price * SEHK (2020-03-31) in HKD HK$2.25
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.77x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:2V3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1608 Share Price ÷ Book Value per Share (both in HKD)

= 2.25 ÷ 1.05

2.13x

* Primary Listing of VPower Group International Holdings.

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

  • VPower Group International Holdings is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess VPower Group International Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. VPower Group International Holdings has a total score of 1/6, 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.

2V3 Future Performance

 How is VPower Group International Holdings expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
47.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VPower Group International Holdings expected to grow at an attractive rate?
  • VPower Group International Holdings's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • VPower Group International Holdings's earnings growth is expected to exceed the Germany market average.
  • VPower Group International Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2V3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2V3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 47.8%
DB:2V3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 11.1%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 68.3%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:2V3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2V3 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 3,425 1
2021-12-31 3,686 686 651 2
2020-12-31 3,201 327 412 2
2020-04-01
2019-12-31 2,670 390 249 2
DB:2V3 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 2,535 201
2019-03-31 2,478 207
2018-12-31 2,421 -203 213
2018-09-30 2,160 -174 275
2018-06-30 1,899 -144 337
2018-03-31 1,823 241 334
2017-12-31 1,746 627 332
2017-09-30 1,759 417 325
2017-06-30 1,773 208 318
2017-03-31 1,652 168 270
2016-12-31 1,531 128 222

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • VPower Group International Holdings's earnings are expected to grow significantly at over 20% yearly.
  • VPower Group International Holdings's revenue is expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
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
DB:2V3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from VPower Group International Holdings Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2V3 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.15 0.15 0.15 1.00
2021-12-31 0.19 0.25 0.13 2.00
2020-12-31 0.14 0.16 0.12 2.00
2020-04-01
2019-12-31 0.10 0.10 0.10 2.00
DB:2V3 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 0.08
2019-03-31 0.08
2018-12-31 0.08
2018-09-30 0.11
2018-06-30 0.13
2018-03-31 0.13
2017-12-31 0.13
2017-09-30 0.13
2017-06-30 0.14
2017-03-31 0.12
2016-12-31 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.
  • VPower Group International Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess VPower Group International Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
VPower Group International Holdings has a total score of 4/6, 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.

2V3 Past Performance

  How has VPower Group International Holdings performed over the past 5 years?

  • VPower Group International Holdings's last earnings update was 215 days ago.
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 VPower Group International Holdings's growth in the last year to its industry (Electrical).
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.
  • VPower Group International Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • VPower Group International Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • VPower Group International Holdings's 1-year earnings growth is negative, it can't be compared to the DE Electrical industry average.
Earnings and Revenue History
VPower Group International Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from VPower Group International Holdings Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2V3 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 2,534.79 200.91 304.78
2019-03-31 2,477.77 207.10 301.57
2018-12-31 2,420.75 213.29 298.36
2018-09-30 2,159.89 275.03 284.25
2018-06-30 1,899.03 336.76 270.15
2018-03-31 1,822.52 334.34 252.14
2017-12-31 1,746.02 331.92 234.12
2017-09-30 1,759.46 324.91 217.67
2017-06-30 1,772.91 317.90 201.21
2017-03-31 1,651.96 269.96 213.29
2016-12-31 1,531.01 222.01 225.37
2015-12-31 1,212.84 141.22 156.46
2014-12-31 929.78 120.75 124.22
2013-12-31 575.78 9.31 68.72

*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.
  • VPower Group International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • VPower Group International Holdings used its assets less efficiently than the DE Electrical industry average last year based on Return on Assets.
  • VPower Group International Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess VPower Group International Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical 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.
VPower Group International Holdings has a total score of 1/6, 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.

2V3 Health

 How is VPower Group International Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up VPower Group International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VPower Group International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • VPower Group International Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of VPower Group International Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x 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 VPower Group International Holdings Company Filings, last reported 9 months ago.

DB:2V3 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,738.47 4,216.27 823.39
2019-03-31 2,738.47 4,216.27 823.39
2018-12-31 2,616.35 3,755.77 915.54
2018-09-30 2,616.35 3,755.77 915.54
2018-06-30 2,589.89 3,905.85 975.62
2018-03-31 2,589.89 3,905.85 975.62
2017-12-31 2,460.72 1,388.75 1,034.23
2017-09-30 2,460.72 1,388.75 1,034.23
2017-06-30 2,317.38 963.69 1,430.40
2017-03-31 2,317.38 963.69 1,430.40
2016-12-31 2,262.25 1,038.50 1,403.25
2015-12-31 539.50 971.92 312.62
2014-12-31 229.83 649.79 146.97
2013-12-31 110.93 303.54 47.35
  • VPower Group International Holdings's level of debt (154%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (279.8% vs 154% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess VPower Group International Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. VPower Group International Holdings has a total score of 3/6, 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.

2V3 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.87%
Current annual income from VPower Group International Holdings dividends. Estimated to be 1.75% next year.
If you bought €2,000 of VPower Group International Holdings shares you are expected to receive €17 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?
  • VPower Group International Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • VPower Group International Holdings's dividend is below the markets top 25% of dividend payers in Germany (4.87%).
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
DB:2V3 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 2 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:2V3 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.04 1.00
2021-12-31 0.05 2.00
2020-12-31 0.03 2.00
2020-04-01
2019-12-31 0.03 2.00
DB:2V3 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-29 0.020 0.787
2019-03-29 0.020 0.678
2018-04-24 0.035 1.090
2018-03-26 0.035 0.818
2017-09-18 0.029 0.576
2017-08-28 0.029 0.573
2017-04-24 0.026 0.519
2017-03-28 0.026 0.621

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

  • VPower Group International Holdings is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • VPower Group International Holdings is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of VPower Group International Holdings's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of VPower Group International Holdings's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess VPower Group International Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 VPower Group International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VPower Group International Holdings 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.

2V3 Management

 What is the CEO of VPower Group International Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jason Lee
COMPENSATION HK$3,081,000
AGE 49
TENURE AS CEO 4 years
CEO Bio

Mr. Chong Man Lee, also known as Jason, is a Co-Founder of VPower Group International Holdings Limited and serves as its Co-Chief Executive Officer. Mr. Lee has been an Executive Director of VPower Group International Holdings Limited since April 26, 2016. Mr. Lee has more than 15 years of experience in general management, global sales, distribution, project management, business development, power monitoring, power quality control and power saving in the engine based power generation industry. Mr. Lee obtained a Bachelor of Science in Electrical Engineering from University of Calgary, Canada in June 1994.

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

Samson Lam

TITLE
Executive Chairman
COMPENSATION
HK$4M
AGE
47

Jason Lee

TITLE
Co-CEO & Executive Director
COMPENSATION
HK$3M
AGE
49
TENURE
4 yrs

Rorce Au-Yeung

TITLE
Co-CEO & Executive Director
COMPENSATION
HK$5M
AGE
61
TENURE
4 yrs

Siu Yuen Lo

TITLE
COO & Executive Director
COMPENSATION
HK$3M
AGE
48

Kam Shing Chan

TITLE
CFO & Company Secretary
AGE
47

Boyang Liu

TITLE
Chief Investment Officer
AGE
48

Siu Ming Lee

TITLE
Chief Strategy Officer & Head of Capital Markets/Corporate Finance
AGE
43

Yeung Earnest Cheung

TITLE
Chief Commercial Officer
AGE
45
Board of Directors Tenure

Average tenure and age of the VPower Group International Holdings board of directors in years:

3.5
Average Tenure
48
Average Age
  • The tenure for the VPower Group International Holdings board of directors is about average.
Board of Directors

Samson Lam

TITLE
Executive Chairman
COMPENSATION
HK$4M
AGE
47

Jason Lee

TITLE
Co-CEO & Executive Director
COMPENSATION
HK$3M
AGE
49
TENURE
4 yrs

Rorce Au-Yeung

TITLE
Co-CEO & Executive Director
COMPENSATION
HK$5M
AGE
61
TENURE
4 yrs

Mei Wan Chan

TITLE
Vice Chairmwoman
COMPENSATION
HK$2M
AGE
46

Siu Yuen Lo

TITLE
COO & Executive Director
COMPENSATION
HK$3M
AGE
48
TENURE
4 yrs

David Tsoi

TITLE
Independent Non-Executive Director
COMPENSATION
HK$216K
AGE
72
TENURE
3.5 yrs

Andrew Yeung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$216K
AGE
46
TENURE
3.5 yrs

Wai Yu Suen

TITLE
Independent Non-Executive Director
COMPENSATION
HK$216K
AGE
41
TENURE
3.5 yrs

Steve Kwok

TITLE
Non-Executive Director
AGE
50
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess VPower Group International Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. VPower Group International Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

2V3 News

Simply Wall St News

2V3 Company Info

Description

VPower Group International Holdings Limited designs, integrates, and sells gas-fired and diesel-fired engine-based gen-sets and power generation systems. The company operates through two segments, System Integration; and Investment, Building and Operation. It also operates and leases distributed power generation (DPG) stations for customers with semi-permanent electricity. In addition, the company engages in the sale and installation of power generation systems; trading of engines and components; and provision of distributed power solutions and management services. It serves customers in various sectors, including industry-grade and utility-grade DGP stations, governmental, residential and commercial buildings, data centers, hotels, construction works, mining operations, and railway and telecommunications projects primarily in the People’s Republic of China, Singapore, Hong Kong, the United Arab Emirates, South Korea, Israel, and the Philippines. The company also serves off-takers in Indonesia, Bangladesh, Peru, Myanmar, and Ghana. The company was founded in 2001 and is headquartered in Hung Hom, Hong Kong. VPower Group International Holdings Limited is a subsidiary of Energy Garden Limited.

Details
Name: VPower Group International Holdings Limited
2V3
Exchange: DB
Founded: 2001
HK$676,831,592
2,562,334,000
Website: http://vpower.com
Address: VPower Group International Holdings Limited
Office Tower 1,
Units 2701-05, 27th Floor,
Hung Hom,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1608 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 24. Nov 2016
DB 2V3 Ordinary Shares Deutsche Boerse AG DE EUR 24. Nov 2016
SHSC 1608 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 24. Nov 2016
SZSC 1608 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 24. Nov 2016
Number of employees
Current staff
Staff numbers
402
VPower Group International Holdings employees.
Industry
Heavy Electrical Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 05:16
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2019/08/30
Last earnings reported: 2019/06/30
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.