#2 Valuetronics Holding Limited
Valuetronics is an integrated electronics manufacturing services (EMS) provider, offering a competitive and broad combination of Design, Engineering, and Manufacturing services. Valuetronics is headquartered in Hong Kong and has manufacturing facitilies situated in China and Vietnam.
As of the latest annual report, Valuetronics’s revenue dropped by 16.8% to HKD 2.35 billion. Net profit decreased by 10.3% to HKD 178.9 billion. Free cash flow was at a healthy level of HKD 243.2 million. With the strong cash generation, cash balance increased to $1.05 billion.
Total dividend per share announced for 2020
was HKD 0.20. This translates to a dividend payout ratio of 49%. Dividend payout ratio has been stable around 50-65% for the past 5 years.
Valuetronics last closed at $0.58, which values it at a P/E ratio of 7.63 and a dividend yield of 6.39%.
#3 Venture Corporation Limited
Venture provides contract manufacturing services, technology services, products and solutions. Its capabilities span across marketing research, design, research and development. It is headquartered in Singapore with operations in Southeast Asia, Northeast Asia, America and Europe.
As of the latest quarterly report, Venture’s revenue dropped by 27.5% to $673 million. Net profit dropped by 33.6% to $ 60.3 million. As free cash flow was not made known in the quarterly report, the latest known figure was $194.6 million. Venture continues to generate cash and cash balance was at $853.6 million.
It was an increase of 19.5% from December 2019’s $714.5 million. Venture announced a total dividend/share of $0.70 for 2019, which translate to a 55% payout ratio. Dividend has been steadily increasing from $0.50/share in 2015 to $0.70/share in 2019.
Venture Corporation last closed at $16.08, which values it at a P/E ratio of 14.1 and dividend yield of 4.35%.