DB:PNY

Stock Analysis Report

PINE Technology Holdings

Executive Summary

PINE Technology Holdings Limited, an investment holding company, manufactures and sells computer components, and consumer electronic products and other products.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

5.0%

PNY

-1.2%

DE Tech

-0.3%

DE Market


1 Year Return

-82.8%

PNY

20.2%

DE Tech

10.9%

DE Market

Return vs Industry: PNY underperformed the German Tech industry which returned 20.2% over the past year.

Return vs Market: PNY underperformed the German Market which returned 10.9% over the past year.


Shareholder returns

PNYIndustryMarket
7 Day5.0%-1.2%-0.3%
30 Day5.0%12.7%2.6%
90 Day2.9%16.3%11.8%
1 Year-82.8%-82.8%21.1%20.2%14.4%10.9%
3 Yearn/a107.7%103.3%24.1%13.2%
5 Yearn/a95.5%67.7%33.0%14.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is PINE Technology 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

Below Fair Value: PNY (€0.01) is trading below our estimate of fair value (€0.08)

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


Price To Earnings Ratio

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

PE vs Market: PNY 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 PNY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PNY is good value based on its PB Ratio (0.5x) compared to the XE Tech industry average (1.4x).


Next Steps

Future Growth

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

17.5%

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 PINE Technology 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 PINE Technology Holdings performed over the past 5 years?

-52.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PNY has high quality earnings.

Growing Profit Margin: PNY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PNY is unprofitable, and losses have increased over the past 5 years at a rate of -52% per year.

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

Earnings vs Industry: PNY is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (-14.9%).


Return on Equity

High ROE: PNY has a negative Return on Equity (-83.44%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is PINE Technology Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: PNY's short term assets ($69.8M) exceeds its short term liabilities ($38.6M)

Long Term Liabilities: PNY's short term assets ($69.8M) exceeds its long term liabilities (2.2M)


Debt to Equity History and Analysis

Debt Level: PNY's debt to equity ratio (17.6%) is considered satisfactory.

Reducing Debt: PNY's debt to equity ratio has reduced from 41.8% to 17.6% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: PNY's debt is covered by short term assets (assets are 7.6x 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 PNY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PNY is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -27.3% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate PNY'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 PNY's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PNY'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 PINE Technology Holdings's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average board tenure


CEO

Sanhuo Zhang (53yo)

1.8yrs

Tenure

US$992,000

Compensation

Mr. Sanhuo Zhang has been Chairman of PINE Technology Holdings Limited since July 4, 2017 and has been its Chief Executive Officer since January 03, 2018. Mr. Zhang has been an Executive Director of PINE  ...


CEO Compensation Analysis

Compensation vs Market: Sanhuo's total compensation ($USD992.00K) is above average for companies of similar size in the German market ($USD216.03K).

Compensation vs Earnings: Sanhuo's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

2.3yrs

Average Tenure

53.5yo

Average Age

Experienced Board: PNY's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 24%.


Management Team

  • Hang Tai Chiu (59yo)

    Co-Founder & Executive Director

    • Tenure: 0yrs
    • Compensation: US$141.00k
  • Eddie Memon (47yo)

    President of XFX USA

    • Tenure: 0yrs
  • Cheuk Ho Chan (52yo)

    Company Secretary & Executive Director

    • Tenure: 2.4yrs
    • Compensation: US$626.00k
  • Sanhuo Zhang (53yo)

    Chairman & CEO

    • Tenure: 1.8yrs
    • Compensation: US$992.00k

Board Members

  • Stephen So (63yo)

    Independent Non-Executive Director

    • Tenure: 17.2yrs
    • Compensation: US$18.00k
  • Hang Tai Chiu (59yo)

    Co-Founder & Executive Director

    • Tenure: 0yrs
    • Compensation: US$141.00k
  • Cheuk Ho Chan (52yo)

    Company Secretary & Executive Director

    • Tenure: 2.4yrs
    • Compensation: US$626.00k
  • Chunsheng Zhou (52yo)

    Independent Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: US$18.00k
  • Sanhuo Zhang (53yo)

    Chairman & CEO

    • Tenure: 1.8yrs
    • Compensation: US$992.00k
  • Hong Tian (54yo)

    Independent Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: US$18.00k

Company Information

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


Key Information

  • Name: PINE Technology Holdings Limited
  • Ticker: PNY
  • Exchange: DB
  • Founded: 1989
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: HK$191.045m
  • Listing Market Cap: HK$22.072m
  • Shares outstanding: 1.33b
  • Website: https://www.pinegroup.com

Number of Employees


Location

  • PINE Technology Holdings Limited
  • Unit 1201
  • 12th Floor
  • North Point
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1079SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 1999
PNYDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1999

Biography

PINE Technology Holdings Limited, an investment holding company, manufactures and sells computer components, and consumer electronic products and other products. It operates through five divisions: Group’s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/21 21:14
End of Day Share Price2019/11/21 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.