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Sky Light Holdings

DB:27L
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
27L
DB
HK$310M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Sky Light Holdings Limited, an investment holding company, develops, manufactures, and sells home surveillance cameras, 360-degree cameras, action cameras and related accessories, and other digital imaging products for the home surveillance camera industry. The last earnings update was 68 days ago. More info.


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27L Share Price and Events
7 Day Returns
-3.8%
DB:27L
0.5%
DE Consumer Durables
-0.3%
DE Market
1 Year Returns
-43.2%
DB:27L
4%
DE Consumer Durables
10.4%
DE Market
27L Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sky Light Holdings (27L) -3.8% -2% 16.3% -43.2% -89.8% -
DE Consumer Durables 0.5% 5.1% 4.1% 4% -3% 13.6%
DE Market -0.3% 4.2% 12.4% 10.4% 13.9% 17.1%
1 Year Return vs Industry and Market
  • 27L underperformed the Consumer Durables industry which returned 4% over the past year.
  • 27L underperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
27L
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Sky Light Holdings's competitors could be found in our database.

Value

 Is Sky Light 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 Sky Light 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 Sky Light Holdings.

DB:27L Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:27L
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 25%) (26.54%))
0.982
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.982 * 5.96%)
6.08%

Discounted Cash Flow Calculation for DB:27L using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sky Light 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:27L DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 6.08%)
2020 58.00 Analyst x1 54.67
2021 59.80 Est @ 3.1% 53.14
2022 61.14 Est @ 2.24% 51.21
2023 62.13 Est @ 1.63% 49.07
2024 62.89 Est @ 1.21% 46.81
2025 63.47 Est @ 0.92% 44.53
2026 63.92 Est @ 0.71% 42.28
2027 64.28 Est @ 0.57% 40.08
2028 64.58 Est @ 0.46% 37.96
2029 64.83 Est @ 0.39% 35.92
Present value of next 10 years cash flows HK$455.00
DB:27L DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$64.83 × (1 + 0.23%) ÷ (6.08% – 0.23%)
HK$1,110.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$1,110.08 ÷ (1 + 6.08%)10
HK$615.12
DB:27L Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$455.00 + HK$615.12
HK$1,070.12
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$1,070.12 / 952.74
HK$1.12
DB:27L Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:27L represents 0.07692x of SEHK:3882
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.07692x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.12 x 0.07692
€0.09
Value per share (EUR) From above. €0.09
Current discount Discount to share price of €0.03
= -1 x (€0.03 - €0.09) / €0.09
71.1%

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

Current Discount
Amount off the current price Sky Light Holdings is available for.
Intrinsic value
>50%
Share price is €0.025 vs Future cash flow value of €0.0864
Current Discount Checks
For Sky Light Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sky Light Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sky Light Holdings'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 Sky Light Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sky Light Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:27L PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$0.15
SEHK:3882 Share Price ** SEHK (2019-11-19) in HKD HK$0.33
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 16.53x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.74x

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

** Primary Listing of Sky Light Holdings.

DB:27L PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3882 Share Price ÷ EPS (both in HKD)

= 0.33 ÷ 0.15

2.18x

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

  • Sky Light Holdings is good value based on earnings compared to the DE Consumer Durables industry average.
  • Sky Light Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sky Light Holdings's expected growth come at a high price?
Raw Data
DB:27L PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-17.3%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 1x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:27L PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 2.18x ÷ -17.3%

-0.13x

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

  • Sky Light Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sky Light Holdings's assets?
Raw Data
DB:27L PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$0.34
SEHK:3882 Share Price * SEHK (2019-11-19) in HKD HK$0.33
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
DB:27L PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3882 Share Price ÷ Book Value per Share (both in HKD)

= 0.33 ÷ 0.34

0.96x

* Primary Listing of Sky Light Holdings.

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

  • Sky Light Holdings is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Sky Light 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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Sky Light Holdings 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.

Future Performance

 How is Sky Light Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-17.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sky Light Holdings expected to grow at an attractive rate?
  • Sky Light Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sky Light Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Sky Light Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:27L Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:27L Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -17.3%
DB:27L Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 50.1%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 14%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:27L Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:27L Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,771 63 96 1
2019-12-31 1,460 30 69 1
2019-11-19
DB:27L Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 697 19 133
2019-03-31 843 -34 31
2018-12-31 990 -88 -71
2018-06-30 969 -278 -263
2018-03-31 843 -246 -227
2017-12-31 716 -214 -191
2017-09-30 911 -135 -301
2017-06-30 1,086 -56 -116
2017-03-31 1,213 40 -31
2016-12-31 1,340 135 54
2016-09-30 1,668 148 87

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sky Light Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Sky Light Holdings's revenue is expected to grow significantly at over 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:27L Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

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

DB:27L Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.11 0.11 0.11 1.00
2019-12-31 0.08 0.08 0.08 1.00
2019-11-19
DB:27L Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 0.15
2019-03-31 0.04
2018-12-31 -0.08
2018-06-30 -0.31
2018-03-31 -0.27
2017-12-31 -0.23
2017-09-30 -0.36
2017-06-30 -0.14
2017-03-31 -0.04
2016-12-31 0.07
2016-09-30 0.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sky Light Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sky Light 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.
Sky Light Holdings has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Sky Light Holdings 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 Sky Light Holdings's growth in the last year to its industry (Consumer Durables).
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.
  • Sky Light Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Sky Light Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Sky Light Holdings has become profitable in the last year making it difficult to compare the DE Consumer Durables industry average.
Earnings and Revenue History
Sky Light 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 Sky Light Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:27L Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 696.57 132.83 33.31 63.23
2019-03-31 843.14 31.03 76.52 81.05
2018-12-31 989.71 -70.78 119.73 98.86
2018-06-30 969.21 -262.54 95.12 144.23
2018-03-31 842.83 -226.75 111.23 148.29
2017-12-31 716.45 -190.95 127.34 152.35
2017-09-30 910.87 -300.88 254.16 164.43
2017-06-30 1,085.96 -116.45 237.62 146.31
2017-03-31 1,212.78 -31.36 193.96 139.69
2016-12-31 1,339.61 53.73 150.30 133.06
2016-09-30 1,668.03 87.34 150.52 139.54
2016-06-30 1,996.46 120.96 150.75 146.02
2016-03-31 2,366.30 167.24 149.03 141.05
2015-12-31 2,736.15 213.52 147.30 136.09
2015-09-30 2,717.14 231.74 140.47 119.57
2015-06-30 2,698.12 249.97 133.64 103.05
2015-03-31 2,395.25 225.94 122.09 93.21
2014-12-31 2,092.39 201.91 110.54 83.38
2013-12-31 1,622.53 147.44 78.77 57.77
2012-12-31 1,658.83 122.62 66.48 44.46

*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.
  • Sky Light Holdings made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Sky Light Holdings used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Sky Light Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sky Light 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 Consumer Durables 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.
Sky Light Holdings 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.

Health

 How is Sky Light 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 Sky Light Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sky Light Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sky Light Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sky Light 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 15.7x 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 Sky Light Holdings Company Filings, last reported 4 months ago.

DB:27L Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 329.86 24.31 138.21
2019-03-31 329.86 24.31 138.21
2018-12-31 310.07 80.96 140.02
2018-06-30 329.66 61.95 167.10
2018-03-31 329.66 61.95 167.10
2017-12-31 570.26 89.27 266.23
2017-09-30 570.26 89.27 266.23
2017-06-30 857.71 32.00 379.79
2017-03-31 857.71 32.00 379.79
2016-12-31 1,023.31 100.98 573.74
2016-09-30 1,023.31 100.98 573.74
2016-06-30 953.68 39.28 589.12
2016-03-31 953.68 39.28 589.12
2015-12-31 1,010.79 212.01 726.35
2015-09-30 1,010.79 212.01 726.35
2015-06-30 317.01 228.36 166.69
2015-03-31 317.01 228.36 166.69
2014-12-31 219.08 164.83 295.76
2013-12-31 241.69 172.34 226.67
2012-12-31 343.86 82.48 316.63
  • Sky Light Holdings's level of debt (7.4%) 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 (73.2% vs 7.4% today).
  • Debt is well covered by operating cash flow (78.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4498.4x coverage).
X
Financial health checks
We assess Sky Light 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. Sky Light Holdings 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.

Dividends

 What is Sky Light 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%
Current annual income from Sky Light Holdings dividends. Estimated to be 15.38% next year.
If you bought €2,000 of Sky Light Holdings shares you are expected to receive €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 Sky Light Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sky Light Holdings'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
DB:27L 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 1 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:27L Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.06 1.00
2019-12-31 0.04 1.00
2019-11-19
DB:27L Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-09-26 0.000 0.000
2018-08-29 0.000 0.000
2018-04-23 0.000 0.000
2018-03-28 0.000 0.000
2017-05-22 0.032 2.136
2016-09-19 0.000 0.000
2016-08-30 0.000 0.000
2016-04-25 0.146 15.345
2016-03-23 0.146 12.013
2015-09-18 0.120 7.516
2015-08-28 0.120 4.411

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

  • Unable to perform a dividend volatility check as Sky Light Holdings has not reported any payouts.
  • Unable to verify if Sky Light Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sky Light Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sky Light Holdings 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 Sky Light Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Sky Light Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sky Light Holdings 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.

Management

 What is the CEO of Sky Light 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
Terry Tang
COMPENSATION HK$902,000
AGE 60
CEO Bio

Mr. Wing Fong Tang, also known as Terry, is the Founder, General Manager and Chief Executive Officer at Sky Light Holdings Limited and has been its Chairman since December 18, 2013 and Executive Director since December 18, 2013. Mr. Tang is primarily responsible for the overall strategic planning and overseeing the general management of Sky Light Holdings Limited. He has more than 20 years of experience in the digital imaging, computer peripherals and consumer electronics industry. Prior to establishing Sky Light Holdings predecessor business in 2000, he co-founded Peer Industries Ltd. in 1992. Mr. Tang received a part-time higher certificate of mechanical engineering from the Hong Kong Polytechnic University in 1982.

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

Terry Tang

TITLE
Chairman
COMPENSATION
HK$902K
AGE
60

Yongbin Lu

TITLE
CFO, Head of Finance Department
COMPENSATION
HK$658K
AGE
46

Tsz Yin Yum

TITLE
Director of Marketing & Strategic Sales
AGE
39
TENURE
3.6 yrs

Weijun Gan

TITLE
Head of Research & Development
AGE
51

Tsui Chiu

TITLE
Head of Product Planning
AGE
40

Liu Jianchao

TITLE
Division Head

Luo Laihua

TITLE
Division Head

Giovanni Tomaselli

TITLE
Chief Executive of iON Group
AGE
54

Wong Man

TITLE
Chief Operation Consultant
Board of Directors Tenure

Average tenure and age of the Sky Light Holdings board of directors in years:

4.7
Average Tenure
56
Average Age
  • The tenure for the Sky Light Holdings board of directors is about average.
Board of Directors

Terry Tang

TITLE
Chairman
COMPENSATION
HK$902K
AGE
60
TENURE
5.9 yrs

Yongbin Lu

TITLE
CFO, Head of Finance Department
COMPENSATION
HK$658K
AGE
46
TENURE
4.7 yrs

Yat Hong Tse

TITLE
Independent Non-Executive Director
COMPENSATION
HK$341K
AGE
49
TENURE
1.9 yrs

Yongmou Wu

TITLE
Non-Executive Director
AGE
41
TENURE
4.7 yrs

Kam Sau Tang

TITLE
Non-Executive Director
AGE
56
TENURE
4.7 yrs

Louis Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$356K
AGE
60
TENURE
4.4 yrs

Wah Keung Cheung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$356K
AGE
58
TENURE
4.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Sky Light Holdings individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
08. Oct 19 Buy Wing Fong Tang Individual 02. Oct 19 02. Oct 19 600,000 €0.04 €23,166
24. Sep 19 Buy Wing Fong Tang Individual 19. Sep 19 19. Sep 19 400,000 €0.04 €14,109
20. Mar 19 Buy Wing Fong Tang Individual 12. Mar 19 12. Mar 19 95,605,455 €0.06 €5,934,202
02. Jan 19 Buy Yongmou Wu Individual 27. Dec 18 27. Dec 18 191,000 €0.06 €10,904
20. Dec 18 Buy Yongmou Wu Individual 19. Dec 18 19. Dec 18 200,000 €0.06 €11,520
20. Dec 18 Buy Yongmou Wu Individual 18. Dec 18 18. Dec 18 484,000 €0.06 €27,795
17. Dec 18 Buy Yongmou Wu Individual 11. Dec 18 11. Dec 18 190,000 €0.06 €11,102
10. Dec 18 Buy Yongmou Wu Individual 10. Dec 18 10. Dec 18 120,000 €0.06 €6,667
10. Dec 18 Buy Yongmou Wu Individual 07. Dec 18 07. Dec 18 168,000 €0.06 €9,421
04. Dec 18 Buy Wing Fong Tang Individual 30. Nov 18 30. Nov 18 70,000 €0.05 €3,804
03. Dec 18 Sell Yongmou Wu Individual 29. Nov 18 29. Nov 18 -6,000,000 €0.06 €-337,027
29. Nov 18 Buy Yongmou Wu Individual 28. Nov 18 28. Nov 18 607,000 €0.05 €32,995
30. Nov 18 Buy Wing Fong Tang Individual 29. Nov 18 29. Nov 18 6,000,000 €0.06 €337,027
23. Nov 18 Buy Wing Fong Tang Individual 22. Nov 18 22. Nov 18 126,000 €0.05 €6,493
23. Nov 18 Buy Wing Fong Tang Individual 20. Nov 18 20. Nov 18 200,000 €0.05 €10,534
X
Management checks
We assess Sky Light 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. Sky Light 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.

News

Simply Wall St News

Company Info

Description

Sky Light Holdings Limited, an investment holding company, develops, manufactures, and sells home surveillance cameras, 360-degree cameras, action cameras and related accessories, and other digital imaging products for the home surveillance camera industry. The company operates in two segments, ODM/JDM and ION360. It offers digital imaging products, such as 360 VR, dash, body worn, and action cameras; and home imaging products, including smart IP cameras, video doorbells, and smart baby monitors, as well as facial recognition, baby sleep care, baby smile detection, and people detection and route tracking solutions. The company also provides joint design manufacturing (JDM) and original design manufacturing (ODM) solutions. It offers its products and services under the iON360 brand in the United States, Mainland China, European Union, Hong Kong, and internationally. Sky Light Holdings Limited was founded in 2000 and is headquartered in Shenzhen, the People’s Republic of China.

Details
Name: Sky Light Holdings Limited
27L
Exchange: DB
Founded: 2000
HK$35,699,491
952,739,000
Website: http://www.sky-light.com.hk
Address: Sky Light Holdings Limited
No. 8 and 9 Building,
Antuoshan High-tech Industrial Park,
Shenzhen,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3882 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jul 2015
DB 27L Ordinary Shares Deutsche Boerse AG DE EUR 02. Jul 2015
Number of employees
Current staff
Staff numbers
1,040
Sky Light Holdings employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 21:41
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/13
Last earnings filing: 2019/09/12
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.