Sunny Optical Technology (Group) Co Ltd 02382

Market Closed
$70.20
4.75 | 7.26%
HKD | Hong Kong Stock Exchange | Last close prices updated as of Jan 21, 2025, 4:08 PM HKT
  • Last Close
    70
  • Sector
  • Industry
  • Investment Style
    Large Core
  • Market Cap
    76.2693 Bil
  • Forward Div Yield
    0.34%
  • Trailing Div Yield
  • Price/Sales
    1.82
  • Price/Book
    2.85
  • Beta (5-Year)
    1.24
  • Consensus Forward P/E
    22.62
  • Trailing 12-mo Rev

Morningstar's Analysis

Valuation Mar 27, 2024
Currency in HKD
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Sunny Optical's Recovery Earns Time to Tap Extended Reality and Auto Markets
Author Photo
Phelix Lee
Equity Analyst
Business Strategy and Outlook | by Phelix Lee Updated Mar 27, 2024

China-based Sunny Optical’s revenue and earnings are largely derived from manufacturing camera lenses and modules. Before 2015, lower-margin modules, as well as glass lenses for digital single-lens reflex cameras, made up the majority of Sunny’s earnings, however, the fortuitous acquisition of Konica Minolta’s China optical lenses business in April

Morningstar Fair Value Estimate
The Morningstar Fair Value Estimate guides investors to the long-term, intrinsic value of a stock, helping them see beyond the present market price.

Show me how fair value is derived (00:41)

Morningstar calculates the fair value estimate of a company based on a projection of how much cash the company will generate in the future. Morningstar analysts create custom industry and company assumptions to feed income statement, balance sheet, and capital investment assumptions into a proprietary discounted cash flow modeling template. Scenario analysis, in-depth competitive advantage analysis, and a variety of other analytical tools are used to augment the discounted cash flow process. The analyst discounts future cash flows using the weighted average of the costs of equity, debt, and preferred stock (and any other funding sources), using expected future proportionate long-term, market-value weights.

The Morningstar Fair Value Estimate is a projection/opinion and not a statement of fact. If Morningstar's base-case assumptions are true the market price will converge on Morningstar's fair value estimate over time, generally within three years. Investments in securities are subject to market and other risks. Past performance of a security may or may not be sustained in the future and is no indication of future performance.

Morningstar Equity Research Methodology

Price vs. Fair Value

 
Price/Fair Value
Total Return %
Index Total Return %
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 YTD
34.60 91.91 195.21 -29.52 94.77 25.73 46.72 -61.89 -23.16 -2.44 -5.01
-2.12 9.66 35.59 -10.66 24.54 23.56 -23.11 -13.31 -8.56 20.15 -1.06

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