Why is Hengdian Group Tospo Lighting Co., Ltd. ?
1
Poor long term growth as Net Sales has grown by an annual rate of 0.36% and Operating profit at -13.61% over the last 5 years
2
Negative results in Jun 25
- OPERATING CASH FLOW(Y) Lowest at CNY 409.58 MM
- ROCE(HY) Lowest at 9.2%
- RAW MATERIAL COST(Y) Grown by 23.15% (YoY)
3
With ROE of 9.19%, it has a very attractive valuation with a 1.93 Price to Book Value
- Over the past year, while the stock has generated a return of 6.42%, its profits have fallen by -17.8%
- At the current price, the company has a high dividend yield of 10.4
How much should you hold?
- Overall Portfolio exposure to Hengdian Group Tospo Lighting Co., Ltd. should be less than 10%
- Overall Portfolio exposure to Electronics & Appliances should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Hengdian Group Tospo Lighting Co., Ltd. for you?
Medium Risk, Medium Return
Absolute
Risk Adjusted
Volatility
Hengdian Group Tospo Lighting Co., Ltd.
6.42%
0.51
30.59%
China Shanghai Composite
14.77%
1.01
14.58%
Quality key factors
Factor
Value
Sales Growth (5y)
0.36%
EBIT Growth (5y)
-13.61%
EBIT to Interest (avg)
69.76
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.52
Sales to Capital Employed (avg)
0.89
Tax Ratio
10.42%
Dividend Payout Ratio
100.64%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
12.40%
ROE (avg)
10.40%
Valuation Key Factors 
Factor
Value
P/E Ratio
21
Industry P/E
Price to Book Value
1.93
EV to EBIT
32.81
EV to EBITDA
18.09
EV to Capital Employed
2.60
EV to Sales
1.15
PEG Ratio
NA
Dividend Yield
10.38%
ROCE (Latest)
7.92%
ROE (Latest)
9.19%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
No Trend
No Trend
Technical Movement
5What is working for the Company
DIVIDEND PAYOUT RATIO(Y)
Highest at 370.31%
CASH AND EQV(HY)
Highest at CNY 7,258.57 MM
INVENTORY TURNOVER RATIO(HY)
Highest at 8.33%
DIVIDEND PER SHARE(HY)
Highest at CNY 2.94
NET SALES(Q)
Highest at CNY 1,150.07 MM
-6What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at CNY 409.58 MM
ROCE(HY)
Lowest at 9.2%
RAW MATERIAL COST(Y)
Grown by 23.15% (YoY
Here's what is working for Hengdian Group Tospo Lighting Co., Ltd.
Net Sales
Highest at CNY 1,150.07 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (CNY MM)
Cash and Eqv
Highest at CNY 7,258.57 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Inventory Turnover Ratio
Highest at 8.33%
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Dividend per share
Highest at CNY 2.94
in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (CNY)
Dividend Payout Ratio
Highest at 370.31%
in the last five yearsMOJO Watch
Company is distributing higher proportion of profits generated as dividend
DPR (%)
Here's what is not working for Hengdian Group Tospo Lighting Co., Ltd.
Operating Cash Flow
Lowest at CNY 409.58 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (CNY MM)
Raw Material Cost
Grown by 23.15% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






