DB:OYK

Stock Analysis Report

Capxon International Electronic

Executive Summary

Capxon International Electronic Company Limited, an investment holding company, manufactures and sells aluminum foils and aluminum electrolytic capacitors.

Rewards

Trading at 86.6% below its fair value

Earnings grew by 146.3% over the past year

Risk Analysis

Has a high level of debt

Highly volatile share price over past 3 months

Does not have a meaningful market cap (€363M)



Snowflake Analysis

Undervalued with solid track record.

Share Price & News

How has Capxon International Electronic's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-13.6%

OYK

-3.5%

DE Electronic

-2.4%

DE Market


1 Year Return

-12.5%

OYK

3.9%

DE Electronic

11.8%

DE Market

Return vs Industry: OYK underperformed the German Electronic industry which returned 9.5% over the past year.

Return vs Market: OYK underperformed the German Market which returned 17.1% over the past year.


Shareholder returns

OYKIndustryMarket
7 Day-13.6%-3.5%-2.4%
30 Day-15.7%-0.3%-1.1%
90 Day-23.1%-1.3%3.0%
1 Year-12.5%-12.5%6.2%3.9%15.3%11.8%
3 Year-9.4%-20.5%47.2%42.6%14.4%4.4%
5 Year89.8%66.7%109.2%93.7%23.8%7.0%

Price Volatility Vs. Market

How volatile is Capxon International Electronic's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Capxon International Electronic undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OYK (€0.04) is trading below our estimate of fair value (€0.31)

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


Price To Earnings Ratio

PE vs Industry: OYK is good value based on its PE Ratio (4.1x) compared to the Electronic industry average (27.1x).

PE vs Market: OYK is good value based on its PE Ratio (4.1x) compared to the German market (20.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: OYK is good value based on its PB Ratio (0.5x) compared to the DE Electronic industry average (1.8x).


Next Steps

Future Growth

How is Capxon International Electronic forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.2%

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 Capxon International Electronic 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 Capxon International Electronic performed over the past 5 years?

80.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OYK has high quality earnings.

Growing Profit Margin: OYK's current net profit margins (6.3%) are higher than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: OYK has become profitable over the past 5 years, growing earnings by 80.2% per year.

Accelerating Growth: OYK's earnings growth over the past year (146.3%) exceeds its 5-year average (80.2% per year).

Earnings vs Industry: OYK earnings growth over the past year (146.3%) exceeded the Electronic industry 3.1%.


Return on Equity

High ROE: OYK's Return on Equity (11.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Capxon International Electronic's financial position?


Financial Position Analysis

Short Term Liabilities: OYK's short term assets (CN¥936.4M) exceed its short term liabilities (CN¥792.8M).

Long Term Liabilities: OYK's short term assets (CN¥936.4M) exceed its long term liabilities (CN¥36.1M).


Debt to Equity History and Analysis

Debt Level: OYK's debt to equity ratio (44.4%) is considered high.

Reducing Debt: OYK's debt to equity ratio has reduced from 64.8% to 44.4% over the past 5 years.

Debt Coverage: OYK's debt is well covered by operating cash flow (39.2%).

Interest Coverage: OYK's interest payments on its debt are well covered by EBIT (15.3x coverage).


Balance Sheet

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

Debt Coverage by Assets: OYK's debt is covered by short term assets (assets are 3.1x debt).


Next Steps

Dividend

What is Capxon International Electronic's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.6%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OYK'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 Capxon International Electronic's salary, the management and board of directors tenure and is there insider trading?

8.3yrs

Average management tenure


CEO

Yuan Yu Lin (42yo)

0yrs

Tenure

CN¥2,293,000

Compensation

Mr. Yuan Yu Lin serves as the Chief Executive Officer of Capxon International Electronic Co. Ltd. and is responsible for the management and strategic planning of its anode foils business. Mr. Lin joined Ca ...


CEO Compensation Analysis

Compensation vs Market: Yuan Yu's total compensation ($USD332.67K) is about average for companies of similar size in the German market ($USD425.50K).

Compensation vs Earnings: Yuan Yu's compensation has increased by more than 20% in the past year.


Management Age and Tenure

8.3yrs

Average Tenure

48yo

Average Age

Experienced Management: OYK's management team is seasoned and experienced (8.3 years average tenure).


Board Age and Tenure

12.8yrs

Average Tenure

62yo

Average Age

Experienced Board: OYK's board of directors are seasoned and experienced ( 12.8 years average tenure).


Insider Trading

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.


Management Team

  • Denson Lu (49yo)

    Chief of Research & Development and Deputy GM of Capxon Taiwan

    • Tenure: 8.3yrs
  • Yuan Yu Lin (42yo)

    CEO & Executive Director

    • Compensation: CN¥2.29m
  • I Chu Lin (39yo)

    Deputy GM of Business & Manufacturing Dept - Capxon Shenzhen and Executive Director

    • Tenure: 12.8yrs
    • Compensation: CN¥1.86m
  • Chin Tsun Lin (70yo)

    Chairman & President

    • Compensation: CN¥3.62m
  • Carol Hu (58yo)

    Group CFO & Chief of Finance Operations - Taiwan

    • Chiu Yueh Chou (66yo)

      VP & Executive Director

      • Tenure: 12.8yrs
      • Compensation: CN¥2.00m
    • Feng Mei Lee (46yo)

      Head of Foreign Sales Department

      • Yin Fung Chan (47yo)

        Financial Controller & Company Secretary

        • Tenure: 12.5yrs

      Board Members

      • Fang Chun Liu (40yo)

        Non-Executive Director

        • Tenure: 12.8yrs
        • Compensation: CN¥1.04m
      • Yuan Yu Lin (42yo)

        CEO & Executive Director

        • Compensation: CN¥2.29m
      • Chin Chuan Tung (66yo)

        Independent Non-Executive Director

        • Tenure: 12.8yrs
        • Compensation: CN¥143.00k
      • I Chu Lin (39yo)

        Deputy GM of Business & Manufacturing Dept - Capxon Shenzhen and Executive Director

        • Tenure: 12.8yrs
        • Compensation: CN¥1.86m
      • Chin Tsun Lin (70yo)

        Chairman & President

        • Compensation: CN¥3.62m
      • Chiu Yueh Chou (66yo)

        VP & Executive Director

        • Tenure: 12.8yrs
        • Compensation: CN¥2.00m
      • Hong Te Lu (58yo)

        Independent Non-Executive Director

        • Tenure: 12.8yrs
        • Compensation: CN¥234.00k
      • Miles Hsieh (71yo)

        Independent Non-Executive Director

        • Tenure: 2.6yrs
        • Compensation: CN¥143.00k

      Company Information

      Capxon International Electronic Company Limited's company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Capxon International Electronic Company Limited
      • Ticker: OYK
      • Exchange: DB
      • Founded: 1980
      • Industry: Electronic Components
      • Sector: Tech
      • Market Cap: HK$342.047m
      • Listing Market Cap: HK$39.958m
      • Shares outstanding: 844.56m
      • Website: https://www.capxongroup.com

      Number of Employees


      Location

      • Capxon International Electronic Company Limited
      • OfficePlus @Wan Chai
      • 13th Floor
      • Wanchai
      • Hong Kong

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      469SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMay 2007
      OYKDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2007

      Biography

      Capxon International Electronic Company Limited, an investment holding company, manufactures and sells aluminum foils and aluminum electrolytic capacitors. It operates through Capacitors and Aluminum Foils segments. The company is also involved in trading activities, as well as in the manufacture and sale of equipment. Its products are used in consumer electronics, industrial control systems, renewable energy facilities, automation, medical services, vehicles, lighting, air conditioners, communication, smart devices, and other fields. The company has operations in the People’s Republic of China, Taiwan, other Asian countries, Europe, the United States, and Africa. Capxon International Electronic Company Limited was founded in 1980 and is headquartered in Wanchai, Hong Kong. Capxon International Electronic Company Limited is a subsidiary of Value Management Holding Limited. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/28 21:17
      End of Day Share Price2020/01/28 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.