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Skyworth Group

DB:KYW
Snowflake Description

Good value with reasonable growth potential and pays a dividend.

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

Skyworth Group Limited, an investment holding company, engages in the manufacture and sale of consumer electronic products and upstream accessories in Asia, the United States, Australia, Europe, the Middle East, and Africa. The last earnings update was 210 days ago. More info.


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KYW Share Price and Events
7 Day Returns
-8%
DB:KYW
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
11.1%
DB:KYW
2.9%
DE Consumer Durables
8.8%
DE Market
KYW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Skyworth Group (KYW) -8% 3.6% 8% 11.1% -62.8% -43.5%
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • KYW outperformed the Consumer Durables industry which returned 2.9% over the past year.
  • KYW outperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
KYW
Industry
5yr Volatility vs Market

KYW Value

 Is Skyworth Group 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 Skyworth Group 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 Skyworth Group.

DB:KYW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2018-12-31) in CNY CN¥ 0.137014
Payout Ratio Company Filings (2018-12-31) 2570.1%
Discount Rate (Cost of Equity) See below 7.1%
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:KYW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.815 (1 + (1- 25%) (147.95%))
1.039
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.039 * 6.65%)
7.14%

Discounted Cash Flow Calculation for DB:KYW using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Skyworth Group is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:KYW Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CN¥0.14 / (7.14% - 0.23%)
CN¥0.03
DB:KYW Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:751)
1.115
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.98 x 1.115
HK$2.21
Non-primary Listing Adjustment Factor 1 share in DB:KYW represents 0.11111x of SEHK:751
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11111x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 2.21 x 0.11111
€0.25
Value per share (EUR) From above. €0.25
Current discount Discount to share price of €0.23
= -1 x (€0.23 - €0.25) / €0.25
6.4%

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

Current Discount
Amount off the current price Skyworth Group is available for.
Intrinsic value
6%
Share price is €0.23 vs Future cash flow value of €0.24562
Current Discount Checks
For Skyworth Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Skyworth Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Skyworth Group's share price is below the future cash flow value, but not 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 Skyworth Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Skyworth Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KYW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.18
SEHK:751 Share Price ** SEHK (2019-11-14) in HKD HK$2.07
SEHK:751 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.897 CN¥1.86
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

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

** Primary Listing of Skyworth Group.

DB:KYW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:751 Share Price ÷ EPS (both in CNY)

= 1.86 ÷ 0.18

10.05x

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

  • Skyworth Group is good value based on earnings compared to the DE Consumer Durables industry average.
  • Skyworth Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Skyworth Group's expected growth come at a high price?
Raw Data
DB:KYW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
23.5%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.05x ÷ 23.5%

0.43x

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

  • Skyworth Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Skyworth Group's assets?
Raw Data
DB:KYW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥5.10
SEHK:751 Share Price * SEHK (2019-11-14) in HKD HK$2.07
SEHK:751 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.897 CN¥1.86
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:KYW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:751 Share Price ÷ Book Value per Share (both in CNY)

= 1.86 ÷ 5.10

0.36x

* Primary Listing of Skyworth Group.

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

  • Skyworth Group is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Skyworth Group'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. Skyworth Group has a total score of 4/6, 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.

KYW Future Performance

 How is Skyworth Group 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
23.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Skyworth Group expected to grow at an attractive rate?
  • Skyworth Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Skyworth Group's earnings growth is expected to exceed the Germany market average.
  • Skyworth Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KYW Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KYW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 23.5%
DB:KYW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 7.2%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:KYW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KYW Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31
2021-03-31 46,189 2,579 1
2020-03-31 42,351 1,324 790 2
2019-11-14
2019-03-31 39,269 1,033 691 2
DB:KYW Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 40,011 -3,091 560
2018-09-30 38,877 -3,174 815
2018-06-30 39,349 -1,809 633
2018-03-31 39,089 -470 459
2017-12-31 37,845 314 347
2017-09-30 37,436 1,123 240
2017-06-30 37,691 1,118 691
2017-03-31 37,961 1,113 1,161
2016-12-31 38,630 1,341 1,543
2016-09-30 37,354 1,495 1,838
2016-06-30 36,900 1,254 1,845
2016-03-31 35,526 988 1,806

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Skyworth Group's earnings are expected to grow significantly at over 20% yearly.
  • Skyworth Group's revenue is expected to grow by 7.2% 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:KYW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Skyworth Group Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KYW Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31
2021-03-31
2020-03-31 0.26 0.26 0.26 1.00
2019-11-14
2019-03-31 0.23 0.23 0.23 1.00
DB:KYW Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.18
2018-09-30 0.27
2018-06-30 0.21
2018-03-31 0.15
2017-12-31 0.12
2017-09-30 0.08
2017-06-30 0.23
2017-03-31 0.40
2016-12-31 0.53
2016-09-30 0.64
2016-06-30 0.64
2016-03-31 0.63

*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.
  • Skyworth Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Skyworth Group'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.
Skyworth Group 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.

KYW Past Performance

  How has Skyworth Group performed over the past 5 years?

  • Skyworth Group's last earnings update was 210 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 Skyworth Group'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.
  • Skyworth Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Skyworth Group's 1-year earnings growth exceeds its 5-year average (61.4% vs -18.8%)
  • Skyworth Group's earnings growth has exceeded the DE Consumer Durables industry average in the past year (61.4% vs -21.1%).
Earnings and Revenue History
Skyworth Group'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 Skyworth Group Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KYW Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 40,010.66 560.00 6,696.00
2018-09-30 38,877.45 814.54 6,207.67
2018-06-30 39,349.00 633.49 6,338.97
2018-03-31 39,089.00 459.00 6,345.00
2017-12-31 37,845.15 346.92 6,441.07
2017-09-30 37,436.07 240.19 6,686.23
2017-06-30 37,690.52 691.31 6,863.13
2017-03-31 37,960.62 1,160.66 7,048.12
2016-12-31 38,630.31 1,543.30 7,067.28
2016-09-30 37,354.04 1,837.73 6,733.48
2016-06-30 36,900.22 1,845.18 6,497.77
2016-03-31 35,526.42 1,805.65 6,105.10
2015-12-31 35,143.28 2,238.00 5,925.70
2015-09-30 33,798.14 2,602.57 5,585.72
2015-06-30 32,528.74 2,519.81 5,351.14
2015-03-31 32,092.49 2,501.19 5,254.26
2014-12-31 31,221.31 1,794.39 5,223.21
2014-09-30 29,988.56 1,074.29 5,130.37
2014-06-30 31,057.48 1,048.27 5,239.36
2014-03-31 31,640.84 1,005.01 5,265.46
2013-12-31 31,597.22 1,134.09 5,050.12
2013-09-30 32,722.87 1,303.17 5,024.82
2013-06-30 31,392.01 1,248.06 4,873.46
2013-03-31 30,285.69 1,201.85 4,757.76
2012-12-31 27,856.64 1,150.44 4,441.32

*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.
  • Skyworth Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Skyworth Group used its assets less efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Skyworth Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Skyworth Group'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.
Skyworth Group has a total score of 2/6, 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.

KYW Health

 How is Skyworth Group'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 Skyworth Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Skyworth Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Skyworth Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Skyworth Group'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 3.9x 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 Skyworth Group Company Filings, last reported 10 months ago.

DB:KYW Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 17,355.00 8,339.00 3,509.00
2018-09-30 18,435.06 8,761.50 3,980.90
2018-06-30 17,717.08 8,420.27 3,825.86
2018-03-31 16,544.00 9,699.00 7,499.00
2017-12-31 16,544.00 9,699.00 7,499.00
2017-09-30 14,920.09 8,705.73 7,127.43
2017-06-30 15,213.08 8,876.69 7,267.40
2017-03-31 14,896.30 7,575.29 5,434.72
2016-12-31 15,055.08 7,656.04 5,492.65
2016-09-30 14,611.56 5,977.57 7,268.37
2016-06-30 14,558.39 5,955.82 7,241.92
2016-03-31 13,896.03 6,764.96 7,107.78
2015-12-31 13,990.13 6,810.76 7,155.91
2015-09-30 12,669.18 5,205.14 5,299.47
2015-06-30 12,353.89 5,075.60 5,167.58
2015-03-31 12,156.53 2,067.80 3,830.95
2014-12-31 12,159.64 2,068.33 3,831.93
2014-09-30 10,336.63 2,860.04 3,207.07
2014-06-30 10,491.57 2,902.91 3,255.15
2014-03-31 9,094.74 4,570.61 2,910.83
2013-12-31 8,860.35 4,452.82 2,835.81
2013-09-30 8,606.75 3,350.67 2,552.66
2013-06-30 8,635.07 3,361.69 2,561.06
2013-03-31 8,195.97 4,656.87 1,842.41
2012-12-31 8,232.02 4,677.36 1,850.51
  • Skyworth Group's level of debt (48%) 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 (50.3% vs 48% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 10.8x coverage).
X
Financial health checks
We assess Skyworth Group'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. Skyworth Group has a total score of 4/6, 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.

KYW Dividends

 What is Skyworth Group'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
3.69%
Current annual income from Skyworth Group dividends. Estimated to be 7.38% next year.
If you bought €2,000 of Skyworth Group shares you are expected to receive €74 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?
  • Skyworth Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • Skyworth Group's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
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:KYW 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 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 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
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:KYW Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.11 1.00
2021-03-31 0.17 2.00
2020-03-31 0.12 3.00
2019-11-14
2019-03-31 0.10 2.00
DB:KYW Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-18 0.068 3.851
2018-07-03 0.076 3.909
2017-11-30 0.000 0.000
2017-11-21 0.000 0.000
2017-06-26 0.121 3.671
2016-11-22 0.209 5.064
2016-06-23 0.203 4.226
2016-06-14 0.203 4.201
2015-07-02 0.164 4.107
2015-06-19 0.164 2.828
2014-09-17 0.118 2.980
2014-01-02 0.152 4.951
2013-09-17 0.141 4.534
2012-11-28 0.134 3.704
2012-09-20 0.124 3.817
2011-11-24 0.117 4.288
2011-06-29 0.114 3.454
2010-12-07 0.108 2.754
2010-07-07 0.137 3.300
2010-06-30 0.139 3.287
2009-12-02 0.131 2.026
2009-07-08 0.070 2.437

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Skyworth Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.1x coverage).
X
Income/ dividend checks
We assess Skyworth Group'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 Skyworth Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Skyworth Group has a total score of 4/6, see the detailed checks below.


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

KYW Management

 What is the CEO of Skyworth Group'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
Tangzhi Liu
COMPENSATION CN¥9,586,000
AGE 56
TENURE AS CEO 2.6 years
CEO Bio

Mr. Tangzhi Liu has been Chief Executive Officer at Skyworth Digital Holdings Limited since April 06, 2017. Mr. Liu served as Vice President and Group President of China TV Business Unit at Skyworth Digital Holdings Ltd. Mr. Liu served as Vice President of China Tv Business Unit and General Manager of Skyworth China Sales Region of Skyworth Digital Holdings Ltd. Mr. Liu serves as a Director of certain subsidiaries of Skyworth Digital Holdings Ltd. He joined Skyworth Group in 1998. He has been a Non-Independent Director at Skyworth Digital Co., Ltd. since April 12, 2018. He has been an Executive Director of Skyworth Digital Holdings Ltd. since December 15, 2015. Mr. Liu graduated from the Zhongnan University of Economics and Law in Wuhan with a Bachelor Degree in Economics and from Aomen University of Science and Technology with a Master degree in Business Administration from Macao University of Science and Technology.

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

Weide Lai

TITLE
Executive Chairman
COMPENSATION
CN¥18M
AGE
61

Tangzhi Liu

TITLE
CEO & Executive Director
COMPENSATION
CN¥10M
AGE
56
TENURE
2.6 yrs

Wei Lin

TITLE
VP of Administration & Executive Director
COMPENSATION
CN¥5M
AGE
61

Chi Shi

TITLE
Executive Director
COMPENSATION
CN¥6M
AGE
48

Jin Lin

TITLE
Executive Director
COMPENSATION
CN¥3M
AGE
34

Stephen Wong

TITLE
Founder and Consultant
COMPENSATION
CN¥2M
AGE
60

Yiming Ying

TITLE
Financial Controller
AGE
44
TENURE
0.7 yrs

Wang Zhiguo

TITLE
Chief technology officer of Skyworth Group
AGE
39

Hongan Li

TITLE
Chief Scientist
AGE
83

Limin Guo

TITLE
Head of the Legal Affairs Department and Assistant to the Chairman
AGE
62
Board of Directors Tenure

Average tenure and age of the Skyworth Group board of directors in years:

4.4
Average Tenure
57
Average Age
  • The tenure for the Skyworth Group board of directors is about average.
Board of Directors

Weide Lai

TITLE
Executive Chairman
COMPENSATION
CN¥18M
AGE
61
TENURE
3.3 yrs

Tangzhi Liu

TITLE
CEO & Executive Director
COMPENSATION
CN¥10M
AGE
56
TENURE
3.9 yrs

Wei Lin

TITLE
VP of Administration & Executive Director
COMPENSATION
CN¥5M
AGE
61
TENURE
13.8 yrs

Chi Shi

TITLE
Executive Director
COMPENSATION
CN¥6M
AGE
48
TENURE
8.3 yrs

Jin Lin

TITLE
Executive Director
COMPENSATION
CN¥3M
AGE
34
TENURE
1.6 yrs

Weibin Li

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥338K
AGE
58
TENURE
19.7 yrs

Henry Cheong

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥338K
AGE
72
TENURE
4.8 yrs

Ming Li

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥338K
AGE
56
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Skyworth Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Oct 19 Buy Wang Sang Wong Individual 17. Oct 19 17. Oct 19 56,000 €0.23 €12,838
17. Oct 19 Buy Wang Sang Wong Individual 15. Oct 19 15. Oct 19 500,000 €0.23 €115,510
11. Oct 19 Buy Wang Sang Wong Individual 09. Oct 19 09. Oct 19 2,300,000 €0.23 €534,025
04. Oct 19 Buy Wang Sang Wong Individual 02. Oct 19 02. Oct 19 600,000 €0.23 €139,681
08. Oct 19 Buy Wang Sang Wong Individual 04. Oct 19 04. Oct 19 1,800,000 €0.23 €415,425
02. Oct 19 Buy Wang Sang Wong Individual 30. Sep 19 30. Sep 19 600,000 €0.23 €140,355
27. Sep 19 Buy Wang Sang Wong Individual 26. Sep 19 26. Sep 19 1,340,000 €0.23 €312,683
26. Sep 19 Buy Wang Sang Wong Individual 25. Sep 19 25. Sep 19 532,000 €0.23 €123,929
25. Sep 19 Buy Chi Shi Individual 24. Sep 19 24. Sep 19 1,300,000 €0.23 €301,745
25. Sep 19 Buy Wang Sang Wong Individual 24. Sep 19 24. Sep 19 1,608,000 €0.23 €372,807
25. Sep 19 Buy Wang Sang Wong Individual 23. Sep 19 23. Sep 19 1,490,000 €0.23 €345,677
23. Sep 19 Buy Weide Lai Individual 18. Sep 19 18. Sep 19 1,002,000 €0.23 €229,601
23. Sep 19 Buy Wang Sang Wong Individual 18. Sep 19 18. Sep 19 1,628,000 €0.23 €375,282
23. Sep 19 Buy Wang Sang Wong Individual 20. Sep 19 20. Sep 19 5,470,000 €0.23 €1,268,127
23. Sep 19 Buy Wang Sang Wong Individual 19. Sep 19 19. Sep 19 1,678,000 €0.23 €387,681
16. Sep 19 Buy Weide Lai Individual 11. Sep 19 11. Sep 19 500,000 €0.24 €120,635
15. May 19 Buy Weide Lai Individual 09. May 19 09. May 19 100,000 €0.23 €23,256
15. May 19 Buy Weide Lai Individual 06. May 19 06. May 19 900,000 €0.24 €218,205
27. Mar 19 Sell FIL Limited Company 22. Mar 19 22. Mar 19 -10,582,000 €0.32 €-3,354,042
X
Management checks
We assess Skyworth Group'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. Skyworth Group 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.

KYW News

Simply Wall St News

KYW Company Info

Description

Skyworth Group Limited, an investment holding company, engages in the manufacture and sale of consumer electronic products and upstream accessories in Asia, the United States, Australia, Europe, the Middle East, and Africa. It offers TV products, digital set-top boxes and LCD modules, white appliances, refrigerators, lighting products, security systems, washing machines, air conditioners, and kitchen appliances, as well as smart system technologies and big data products. The company is also involved in the property development and leasing; and trading of consumer electronic products, as well as financing activities. In addition, it exports its products. The company was formerly known as Skyworth Digital Holdings Limited and changed its name to Skyworth Group Limited in July 2019. Skyworth Group Limited was founded in 1988 and is headquartered in Quarry Bay, Hong Kong.

Details
Name: Skyworth Group Limited
KYW
Exchange: DB
Founded: 1988
HK$729,059,098
3,036,674,819
Website: http://www.skyworth.com
Address: Skyworth Group Limited
Westlands Centre,
Rooms 1601-04,
Quarry Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 751 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 07. Apr 2000
OTCPK SWDH.F Ordinary Shares Pink Sheets LLC US USD 07. Apr 2000
DB KYW Ordinary Shares Deutsche Boerse AG DE EUR 07. Apr 2000
SHSC 751 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 07. Apr 2000
SZSC 751 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 07. Apr 2000
OTCPK SWDH.Y UNSPONSORED ADS Pink Sheets LLC US USD 28. Oct 2011
Number of employees
Current staff
Staff numbers
37,000
Skyworth Group employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 20:47
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/09/16
Last earnings filing: 2019/04/18
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.