DB:9HT

Stock Analysis Report

InvesTech Holdings

Executive Summary

InvesTech Holdings Limited, an investment holding company, engages in the network system integration, professional network services, and mobile Internet software businesses.

Snowflake

Fundamentals

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has InvesTech Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.8%

9HT

2.3%

DE Communications

1.4%

DE Market


1 Year Return

13.9%

9HT

0.4%

DE Communications

3.7%

DE Market

Return vs Industry: 9HT exceeded the German Communications industry which returned 0.4% over the past year.

Return vs Market: 9HT exceeded the German Market which returned 3.7% over the past year.


Shareholder returns

9HTIndustryMarket
7 Day-6.8%2.3%1.4%
30 Day-16.3%-1.0%1.3%
90 Day8.5%-2.7%3.4%
1 Year13.9%13.9%1.2%0.4%7.0%3.7%
3 Year-86.0%-86.0%-7.0%-8.0%18.5%8.3%
5 Year-88.4%-88.4%53.5%49.7%42.2%22.9%

Price Volatility Vs. Market

How volatile is InvesTech Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is InvesTech Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 9HT (€0.02) is trading below our estimate of fair value (€0.07)

Significantly Undervalued: 9HT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 9HT is unprofitable, so we can't compare its PE Ratio to the Communications industry average.

PE vs Market: 9HT is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 9HT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 9HT is good value based on its PB Ratio (0.3x) compared to the DE Communications industry average (1.5x).


Next Steps

Future Growth

How is InvesTech Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.4%

Forecasted Tech 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 InvesTech Holdings 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 InvesTech Holdings performed over the past 5 years?

-37.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 9HT is unprofitable, and losses have increased over the past 5 years at a rate of -37.5% per year.

Accelerating Growth: Unable to compare 9HT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 9HT is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (31.9%).


Return on Equity

High ROE: 9HT has a negative Return on Equity (-4.5%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 9HT is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 9HT is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is InvesTech Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 9HT's short term assets (CN¥358.4M) exceeds its short term liabilities (CN¥257.4M)

Long Term Liabilities: 9HT's short term assets (358.4M) exceeds its long term liabilities (36.5M)


Debt to Equity History and Analysis

Debt Level: 9HT's debt to equity ratio (4.2%) is considered satisfactory

Reducing Debt: 9HT's debt to equity ratio has reduced from 67.8% to 4.2% over the past 5 years.


Balance Sheet

Inventory Level: 9HT has a low level of unsold assets or inventory.

Debt Coverage by Assets: 9HT's debt is covered by short term assets (assets are 8.518060x debt).


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: Whilst unprofitable 9HT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 9HT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -22.7% per year.


Next Steps

Dividend

What is InvesTech Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 9HT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 9HT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 9HT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 9HT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 9HT's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of InvesTech Holdings's salary, the management and board of directors tenure and is there insider trading?

3.5yrs

Average management tenure


CEO

Ringo Chan (60yo)

3.1yrs

Tenure

CN¥2,352,000

Compensation

Mr. Chan Sek Keung, also known as Ringo, has been Chief Executive Officer of InvesTech Holdings Limited since September 21, 2016. Mr. Chan serves as the Chairman at Woodstock Management Limited. Mr. Chan h ...


CEO Compensation Analysis

Compensation vs. Market: Ringo's total compensation ($USD332.13K) is about average for companies of similar size in the German market ($USD216.74K).

Compensation vs Earnings: Ringo's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.5yrs

Average Tenure

51yo

Average Age

Experienced Management: 9HT's management team is considered experienced (3.5 years average tenure).


Board Age and Tenure

3.7yrs

Average Tenure

50yo

Average Age

Experienced Board: 9HT's board of directors are considered experienced (3.7 years average tenure).


Insider Trading

Insider Buying: 9HT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCN¥228,71217 Oct 19
Yuen Sin Tin
EntityIndividual
Shares9,000,000
Max PriceCN¥0.025
BuyCN¥543,46018 Sep 19
Yuen Sin Tin
EntityIndividual
Shares20,000,000
Max PriceCN¥0.027
BuyCN¥754,04204 Sep 19
Smoothly Global Holdings Limited
EntityCompany
Shares30,162,000
Max PriceCN¥0.025
BuyCN¥350,84513 Aug 19
Yuen Sin Tin
EntityIndividual
Shares15,000,000
Max PriceCN¥0.023
BuyCN¥273,05009 Aug 19
Yuen Sin Tin
EntityIndividual
Shares12,000,000
Max PriceCN¥0.023
BuyCN¥238,88130 Jul 19
Sek Keung Chan
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares10,000,000
Max PriceCN¥0.024
BuyCN¥235,74526 Jul 19
Sek Keung Chan
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares9,964,000
Max PriceCN¥0.024
BuyCN¥70,94310 Jul 19
Sek Keung Chan
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares3,000,000
Max PriceCN¥0.024
BuyCN¥392,03708 Jul 19
Sek Keung Chan
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares16,509,000
Max PriceCN¥0.024
BuyCN¥231,45512 Jun 19
Sek Keung Chan
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares9,935,000
Max PriceCN¥0.023
BuyCN¥235,22312 Jun 19
Sek Keung Chan
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares10,000,000
Max PriceCN¥0.024
BuyCN¥233,01011 Jun 19
Sek Keung Chan
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares10,000,000
Max PriceCN¥0.023
BuyCN¥582,10006 Jun 19
Sek Keung Chan
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares24,823,000
Max PriceCN¥0.023
BuyCN¥165,36524 Jan 19
Smoothly Global Holdings Limited
EntityCompany
Shares7,785,000
Max PriceCN¥0.021
BuyCN¥201,91023 Jan 19
Smoothly Global Holdings Limited
EntityCompany
Shares9,675,000
Max PriceCN¥0.021
BuyCN¥969,43822 Jan 19
Smoothly Global Holdings Limited
EntityCompany
Shares45,500,000
Max PriceCN¥0.021
BuyCN¥29021 Jan 19
Smoothly Global Holdings Limited
EntityCompany
Shares15,000
Max PriceCN¥0.019

Ownership Breakdown


Management Team

  • Fang Wang (51yo)

    Vice CEO & Executive Director

    • Tenure: 3.8yrs
    • Compensation: CN¥1.93m
  • Michael Chew (61yo)

    Head of High Speed Interconnect Cable Business and General Manager

    • Tenure: 0yrs
  • Toney Chew (59yo)

    Chief Technology Officer

    • Tenure: 0yrs
  • Chengye Lu (41yo)

    Vice CEO & Executive Director

    • Tenure: 6.4yrs
    • Compensation: CN¥101.00k
  • Ringo Chan (60yo)

    Chairman & CEO

    • Tenure: 3.1yrs
    • Compensation: CN¥2.35m
  • Siu Kei Fung (35yo)

    Company Secretary

    • Tenure: 0yrs
  • Chau Wa Ching (39yo)

    Executive Director

    • Tenure: 0.8yrs

Board Members

  • Fang Wang (51yo)

    Vice CEO & Executive Director

    • Tenure: 3.8yrs
    • Compensation: CN¥1.93m
  • Derek Wong (49yo)

    Non-Executive Director

    • Tenure: 0.2yrs
  • Chengye Lu (41yo)

    Vice CEO & Executive Director

    • Tenure: 6.4yrs
    • Compensation: CN¥101.00k
  • Ringo Chan (60yo)

    Chairman & CEO

    • Tenure: 3.1yrs
    • Compensation: CN¥2.35m
  • Liangkuai Huang (77yo)

    Independent Non Executive Director

    • Tenure: 3.7yrs
    • Compensation: CN¥101.00k
  • Brian Lu (55yo)

    Independent Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥101.00k
  • Edmund Wong (34yo)

    Independent Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: CN¥101.00k
  • Chau Wa Ching (39yo)

    Executive Director

    • Tenure: 0.8yrs

Company Information

InvesTech Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: InvesTech Holdings Limited
  • Ticker: 9HT
  • Exchange: DB
  • Founded: 1997
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: HK$308.880m
  • Listing Market Cap: HK$35.358m
  • Shares outstanding: 1.40b
  • Website: https://www.investech-holdings.com

Number of Employees


Location

  • InvesTech Holdings Limited
  • Oriental Plaza, Tower E2
  • Room 1907-1909, 19th Floor
  • Beijing
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1087SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 2010
9HTDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2010

Biography

InvesTech Holdings Limited, an investment holding company, engages in the network system integration, professional network services, and mobile Internet software businesses. It operates through two segment ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:30
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.