DB:G9D

Stock Analysis Report

Goldpac Group

Executive Summary

Goldpac Group Limited, an investment holding company, provides embedded software and secure payment products for smart secure payment in Hong Kong an internationally.

Rewards

Trading at 38% below its fair value

Earnings grew by 4% over the past year

Risk Analysis

Earnings have declined by -5.17% per year over past 5 years

Unstable dividend track record

Highly volatile share price over past 3 months



Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Goldpac Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: G9D's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.2%

G9D

2.2%

DE Tech

1.7%

DE Market


1 Year Return

-11.8%

G9D

21.2%

DE Tech

15.0%

DE Market

Return vs Industry: G9D underperformed the German Tech industry which returned 21.2% over the past year.

Return vs Market: G9D underperformed the German Market which returned 15% over the past year.


Shareholder returns

G9DIndustryMarket
7 Day4.2%2.2%1.7%
30 Day-5.0%13.8%0.8%
90 Day-1.7%19.5%3.7%
1 Year-0.8%-11.8%22.1%21.2%18.5%15.0%
3 Year-4.0%-28.6%154.6%149.2%17.1%6.9%
5 Year-52.3%-67.3%97.3%74.5%24.3%7.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Goldpac Group undervalued compared to its fair value and its price relative to the market?

38.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: G9D (€0.17) is trading below our estimate of fair value (€0.28)

Significantly Below Fair Value: G9D is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: G9D is good value based on its PE Ratio (7.2x) compared to the Tech industry average (26.3x).

PE vs Market: G9D is good value based on its PE Ratio (7.2x) compared to the German market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate G9D's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: G9D is good value based on its PB Ratio (0.7x) compared to the XE Tech industry average (1.4x).


Next Steps

Future Growth

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

18.2%

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 Goldpac Group 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 Goldpac Group performed over the past 5 years?

-5.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: G9D has high quality earnings.

Growing Profit Margin: G9D's current net profit margins (12.3%) are lower than last year (12.6%).


Past Earnings Growth Analysis

Earnings Trend: G9D's earnings have declined by -5.2% per year over the past 5 years.

Accelerating Growth: G9D's earnings growth over the past year (4%) exceeds its 5-year average (-5.2% per year).

Earnings vs Industry: G9D earnings growth over the past year (4%) exceeded the Tech industry -8.4%.


Return on Equity

High ROE: G9D's Return on Equity (9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Goldpac Group's financial position?


Financial Position Analysis

Short Term Liabilities: G9D's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥530.7M).

Long Term Liabilities: G9D's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥27.1M).


Debt to Equity History and Analysis

Debt Level: G9D is debt free.

Reducing Debt: G9D has no debt compared to 5 years ago when its debt to equity ratio was 4.7%.

Debt Coverage: G9D has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: G9D has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: G9D has a high level of physical assets or inventory.

Debt Coverage by Assets: G9D's debt is covered by short term assets (assets are 1.0401018303416E+18x debt).


Next Steps

Dividend

What is Goldpac Group's current dividend yield, its reliability and sustainability?

11.18%

Current Dividend Yield


Dividend Yield vs Market

company11.2%marketbottom25%1.3%markettop25%3.6%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: G9D's dividend (11.18%) is higher than the bottom 25% of dividend payers in the German market (1.31%).

High Dividend: G9D's dividend (11.18%) is in the top 25% of dividend payers in the German market (3.59%)


Stability and Growth of Payments

Stable Dividend: G9D has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: G9D's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.1%), G9D's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

9.1yrs

Average management tenure


CEO

Ping Hou (59yo)

9.1yrs

Tenure

CN¥5,218,000

Compensation

Mr. Ping Hou has been Chief Executive Officer of Goldpac Group Ltd. since 2011. Mr. Hou is primarily responsible for the overall management of Goldpac Group. Mr. Hou has been an Executive Director of Goldp ...


CEO Compensation Analysis

Compensation vs Market: Ping's total compensation ($USD746.89K) is about average for companies of similar size in the German market ($USD634.28K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Run Lu
Chairman9.1yrsCN¥6.16m42.83% CN¥72.5m
Ping Hou
CEO & Executive Director9.1yrsCN¥5.22m0.18% CN¥304.6k
Siqiang Wu
COO & Executive Director2.8yrsCN¥1.60m0.016% CN¥26.4k
Runyi Lu
Senior VP & Executive Director15.2yrsCN¥2.39m0.40% CN¥674.3k
Xiaozhong Lu
Senior VP & Executive Director6.8yrsCN¥1.31mno data
Wai Ling
Executive Director2.8yrsCN¥169.00k0.0019% CN¥3.2k
Yijin Li
CFO & Company Secretary8.1yrsno datano data
Jun Li
Chief Technology Officer7.1yrsno datano data

9.1yrs

Average Tenure

54.5yo

Average Age

Experienced Management: G9D's management team is seasoned and experienced (9.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Run Lu
Chairman9.1yrsCN¥6.16m42.83% CN¥72.5m
Ping Hou
CEO & Executive Director9.1yrsCN¥5.22m0.18% CN¥304.6k
Siqiang Wu
COO & Executive Director2.8yrsCN¥1.60m0.016% CN¥26.4k
Runyi Lu
Senior VP & Executive Director15.2yrsCN¥2.39m0.40% CN¥674.3k
Xiaozhong Lu
Senior VP & Executive Director6.8yrsCN¥1.31mno data
Wai Ling
Executive Director2.8yrsCN¥169.00k0.0019% CN¥3.2k
Wing Sum Mak
Independent Non-Executive Director6.3yrsCN¥226.00kno data
Lu Ye
Independent Non-Executive Director2.8yrsCN¥169.00kno data
Geng Yang
Independent Non-Executive Director0.8yrsno datano data

6.3yrs

Average Tenure

56yo

Average Age

Experienced Board: G9D's board of directors are considered experienced (6.3 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

Goldpac Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Goldpac Group Limited
  • Ticker: G9D
  • Exchange: DB
  • Founded: 1995
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: HK$1.425b
  • Listing Market Cap: HK$169.260m
  • Shares outstanding: 833.56m
  • Website: https://www.goldpac.com

Number of Employees


Location

  • Goldpac Group Limited
  • Bank of East Asia
  • Room 1301, 13th Floor
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3315SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2013
G9DDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2013

Biography

Goldpac Group Limited, an investment holding company, provides embedded software and secure payment products for smart secure payment in Hong Kong an internationally. The company operates through Embedded Software and Secure Payment Products, and Platform and Services segments. The company also provides data processing, equipment, system platform, and other solutions for customers in a range of sectors, including financial, government, healthcare, transportation, and retail. In addition, it is involved in the property holding activities. The company has a strategic cooperation agreement with China Mobile(Zhuhai). Goldpac Group Limited was founded in 1995 and is headquartered in Wan Chai, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 21:59
End of Day Share Price2020/02/14 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.