Johnson Electric Holdings Limited (HK:0179)
:0179
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Johnson Electric Holdings
(0179)
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Rating:70Outperform
Price Target:
HK$25.00
▼(-23.83% Downside)
Action:Upgraded
Date:05/30/26
The score is driven primarily by solid financial performance (strong revenue growth and conservative leverage) and attractive valuation (low P/E with a dividend). These positives are tempered by recent weakness in net profit and free-cash-flow conversion, plus mixed technical signals with price below several key moving averages.
Positive Factors
Revenue growth and operating margins
Sustained revenue growth (+22.6%) combined with mid-teens EBITDA and ~8% EBIT suggests the business can scale production while preserving operating economics. Over 2-6 months this supports reinvestment in programs, predictable margins on new platform awards, and resilience to cyclical volume swings.
Negative Factors
Weakened net profit margin
A fall in net margin from ~7.2% to ~5.5% shows below-the-line pressure that can erode earnings durability. If persistent, reduced net profitability limits retained earnings and reduces cushion for investments or payout stability over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and operating margins
Sustained revenue growth (+22.6%) combined with mid-teens EBITDA and ~8% EBIT suggests the business can scale production while preserving operating economics. Over 2-6 months this supports reinvestment in programs, predictable margins on new platform awards, and resilience to cyclical volume swings.
Read all positive factors
Johnson Electric Holdings (0179) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$20.98B
Dividend Yield2.03%
Average Volume (3M)6.41M
Price to Earnings (P/E)8.0
Beta (1Y)1.10
Revenue Growth0.22%
EPS Growth-23.29%
CountryHK
Employees30,000
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)0.21
Shares Outstanding934,412,050
10 Day Avg. Volume4,250,957
30 Day Avg. Volume6,414,138
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)0.97
Price to Sales (P/S)0.76
P/FCF Ratio12.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$45.35Price Target Upside38.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.3
Revenue Forecast (FY)HK$3.83B
Johnson Electric Holdings Business Overview & Revenue Model
Company Description
Headquartered in Sha Tin, Hong Kong, Johnson Electric Holdings Limited, established in 1959, operates as an investment holding company with a global reach. The firm specializes in providing a comprehensive range of motion products, sophisticated c...
How the Company Makes Money
Johnson Electric makes money primarily by selling motion-related components and systems to OEM customers, with revenue recognized from the manufacture and shipment of these products under customer contracts. Key revenue streams include: (1) Automo...
Johnson Electric Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
79
Positive
Cash Flow
61
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.64B | 3.65B | 3.81B | 3.65B | 3.45B |
| Gross Profit | 807.87M | 843.34M | 850.72M | 715.91M | 701.91M |
| EBITDA | 579.64M | 575.76M | 577.59M | 476.87M | 473.46M |
| Net Income | 201.28M | 262.80M | 229.23M | 157.81M | 146.35M |
Balance Sheet | |||||
| Total Assets | 4.29B | 4.06B | 4.22B | 4.10B | 4.34B |
| Cash, Cash Equivalents and Short-Term Investments | 906.94M | 817.98M | 822.93M | 428.07M | 359.51M |
| Total Debt | 383.67M | 423.54M | 634.64M | 567.42M | 618.33M |
| Total Liabilities | 1.41B | 1.36B | 1.62B | 1.61B | 1.84B |
| Stockholders Equity | 2.84B | 2.67B | 2.55B | 2.45B | 2.42B |
Cash Flow | |||||
| Free Cash Flow | 214.90M | 252.58M | 395.73M | 205.93M | -132.85M |
| Operating Cash Flow | 498.69M | 448.09M | 581.88M | 432.49M | 183.59M |
| Investing Cash Flow | -271.11M | -94.26M | -225.41M | -240.80M | -351.20M |
| Financing Cash Flow | -132.10M | -305.02M | -5.87M | -110.37M | -23.95M |
Johnson Electric Holdings Technical Analysis
Negative
32.82
Price Trends
24.88
Negative
25.75
Negative
29.13
Negative
Market Momentum
-0.86
Positive
43.30
Neutral
35.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0179, the sentiment is Negative. The current price of 32.82 is above the 20-day moving average (MA) of 24.71, above the 50-day MA of 24.88, and above the 200-day MA of 29.13, indicating a bearish trend. The MACD of -0.86 indicates Positive momentum. The RSI at 43.30 is Neutral, neither overbought nor oversold. The STOCH value of 35.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0179.
Johnson Electric Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$146.88B | 14.49 | 24.34% | 4.35% | 16.74% | 24.19% | |
70 Outperform | HK$20.98B | 8.03 | 12.24% | 2.03% | 0.22% | -23.29% | |
65 Neutral | HK$34.60B | 11.09 | 12.26% | 1.39% | 11.26% | 15.82% | |
62 Neutral | HK$10.34B | 12.94 | 4.88% | 1.02% | 7.11% | 65.26% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$11.95B | 74.08 | 8.45% | 1.37% | 24.97% | 0.39% | |
56 Neutral | HK$7.99B | -196.80 | -3.48% | ― | 6.97% | 76.15% |
* Consumer Cyclical Sector Average
HK:0179
Johnson Electric Holdings
22.72
3.47
18.04%
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-15.88%
Johnson Electric Holdings Corporate Events
Johnson Electric Sets 2026 AGM to Approve Dividend, Board Mandates and Capital Authorities
Jun 15, 2026
Johnson Electric Holdings has called its annual general meeting for 17 July 2026 in Hong Kong, where shareholders will vote on adopting the audited financial statements for the year ended 31 March 2026 and on declaring a final dividend of HK$0.44 ...
Johnson Electric Profit Drops as Auto Headwinds Offset Modest Growth in Industrial Division
May 28, 2026
Johnson Electric Holdings reported virtually flat group sales of US$3.65 billion for the year ended 31 March 2026, as modest growth in its Industry Products Group offset a constant-currency decline in its core Automotive Products Group amid subdue...
Johnson Electric Declares HKD 0.44 Final Dividend for FY2025-26
May 28, 2026
Johnson Electric Holdings has declared a final ordinary cash dividend of HKD 0.44 per share for the financial year ended 31 March 2026, reinforcing its practice of returning capital to shareholders. The distribution remains subject to shareholder ...
Johnson Electric Sets Late-May Board Meeting to Approve Annual Results and Dividend
May 6, 2026
Johnson Electric Holdings has scheduled a board meeting for 28 May 2026 to review and approve the annual results for the financial year ended 31 March 2026. The board will also consider the payment of a final dividend, a decision that will be clos...
Johnson Electric Flags 21–25% Drop in Annual Profit Despite Stable Sales
Apr 21, 2026
Johnson Electric has warned that profit attributable to shareholders for the year ended 31 March 2026 is expected to fall to between US$197 million and US$207 million, a drop of roughly 21% to 25% from the prior year, even as total sales and gross...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.