DB:RZF

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Solomon Systech (International)

Executive Summary

Solomon Systech (International) Limited, an investment holding company, operates as a fabless semiconductor company worldwide.


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has Solomon Systech (International)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: RZF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-20.8%

RZF

11.2%

DE Semiconductor

2.2%

DE Market


1 Year Return

-50.0%

RZF

16.5%

DE Semiconductor

-3.9%

DE Market

Return vs Industry: RZF underperformed the German Semiconductor industry which returned 16.8% over the past year.

Return vs Market: RZF underperformed the German Market which returned -4.6% over the past year.


Shareholder returns

RZFIndustryMarket
7 Day-20.8%11.2%2.2%
30 Day216.7%22.9%8.0%
90 Day18.8%-5.5%-9.6%
1 Year-50.0%-50.0%17.6%16.5%-2.3%-3.9%
3 Year-74.3%-74.3%1.0%-2.5%-7.6%-14.8%
5 Year-77.4%-77.4%47.7%40.3%-0.3%-12.9%

Price Volatility Vs. Market

How volatile is Solomon Systech (International)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Solomon Systech (International) undervalued compared to its fair value and its price relative to the market?

0.89x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate RZF's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate RZF's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RZF is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.

PE vs Market: RZF is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RZF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RZF is good value based on its PB Ratio (0.9x) compared to the DE Semiconductor industry average (2x).


Next Steps

Future Growth

How is Solomon Systech (International) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.2%

Forecasted Semiconductors industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Solomon Systech (International) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Solomon Systech (International) performed over the past 5 years?

-34.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RZF is currently unprofitable.

Growing Profit Margin: RZF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RZF is unprofitable, and losses have increased over the past 5 years at a rate of -34.8% per year.

Accelerating Growth: Unable to compare RZF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RZF is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-6.5%).


Return on Equity

High ROE: RZF has a negative Return on Equity (-54.19%), as it is currently unprofitable.


Next Steps

Financial Health

How is Solomon Systech (International)'s financial position?


Financial Position Analysis

Short Term Liabilities: RZF's short term assets ($68.0M) exceed its short term liabilities ($24.8M).

Long Term Liabilities: RZF's short term assets ($68.0M) exceed its long term liabilities ($775.0K).


Debt to Equity History and Analysis

Debt Level: RZF's debt to equity ratio (0.3%) is considered satisfactory.

Reducing Debt: RZF had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: RZF has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: RZF has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 17.1% each year


Next Steps

Dividend

What is Solomon Systech (International)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RZF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RZF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RZF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RZF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RZF is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RZF's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Raymond Wang (53yo)

1.17yrs

Tenure

US$230,000

Compensation

Mr. Wah Chi Wang, also known as Raymond, serves as Chief Executive Officer at Solomon Systech (International) Limited. He serves as Executive Director at Solomon Systech (International) Limited since March ...


CEO Compensation Analysis

Compensation vs Market: Raymond's total compensation ($USD230.00K) is below average for companies of similar size in the German market ($USD422.73K).

Compensation vs Earnings: Insufficient data to compare Raymond's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Wah Chi Wang
CEO, Corporate VP1.17yrsUS$230.00k0.024% $10.2k
Wai Ming Lo
Corporate VP3.92yrsUS$169.00k1.35% $568.2k
Kwong Wai Leung
Founder & Chairman Emeritus3.92yrsUS$196.00kno data
Chi Wah Cheung
Finance Director & Company Secretary0.083yrno datano data
Jessica Lee
Senior Corporate Communications Managerno datano datano data
Oi Yee Lo
Human Resources Directorno datano datano data
Tai Kwong Pang
Head of Quality & Manufacturingno datano datano data

1.2yrs

Average Tenure

54yo

Average Age

Experienced Management: RZF's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Wah Chi Wang
CEO, Corporate VP1.17yrsUS$230.00k0.024% $10.2k
Wai Ming Lo
Corporate VP3.92yrsUS$169.00k1.35% $568.2k
Kwong Wai Leung
Founder & Chairman Emeritus3.92yrsUS$196.00kno data
Heung Ying Leung
Independent Non-Executive Director5.58yrsUS$37.00kno data
Jun Li
Non-Executive Director5.58yrsno datano data
Wei Fu Sheu
Independent Non-Executive Director5.58yrsUS$36.00kno data
Tin-Chong Yiu
Independent Non-Executive Director8.83yrsUS$39.00k0.081% $33.9k
Yuchuan Ma
Chairman1yrno datano data
Jian Yu
Non-Executive Director0.92yrno datano data

3.9yrs

Average Tenure

54yo

Average Age

Experienced Board: RZF's board of directors are considered experienced (3.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Solomon Systech (International) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Solomon Systech (International) Limited
  • Ticker: RZF
  • Exchange: DB
  • Founded: 1999
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: HK$354.676m
  • Listing Market Cap: HK$41.979m
  • Shares outstanding: 2.48b
  • Website: https://www.solomon-systech.com

Number of Employees


Location

  • Solomon Systech (International) Limited
  • No.3 Science Park East Avenue
  • 6th Floor
  • Sha Tin
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2878SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDApr 2004
RZFDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2004

Biography

Solomon Systech (International) Limited, an investment holding company, operates as a fabless semiconductor company worldwide. The company primarily designs, develops, and sells display integrated circuits (IC) products and system solutions. It offers advanced display products, including passive matrix organic light emitting diode (PMOLED) display ICs; active matrix organic light emitting diode (AMOLED) display ICs; organic light emitting diode (OLED) display and lighting driver ICs; and bistable display and driver ICs. The company also provides large display products, such as large panel thin film transistor (TFT) liquid crystal display (LCD) driver ICs; and other products, including mobile display and mobile touch ICs. Its products enable a range of display and touch applications for smartphones, tablets, smart TVs/monitors, notebooks, and other smart devices, including wearables, healthcare devices, and smart home devices, as well as industrial appliances, etc. In addition, the company provides market research services; and customized IC design services, such as analog, mixed-signal, and high-voltage IC design services. Solomon Systech (International) Limited was founded in 1999 and is headquartered in Shatin, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 08:52
End of Day Share Price2020/05/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.