SEHK:1760

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Intron Technology Holdings

Executive Summary

Intron Technology Holdings Limited, an investment holding company, develops and sells automotive electronic components in Hong Kong, Mainland China, and internationally. More Details


Snowflake Analysis

Excellent balance sheet with questionable track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 1760 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 1760's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0.4%

1760

4.1%

HK Auto Components

1.1%

HK Market


1 Year Return

-1.7%

1760

45.3%

HK Auto Components

8.2%

HK Market

Return vs Industry: 1760 underperformed the Hong Kong Auto Components industry which returned 45.3% over the past year.

Return vs Market: 1760 underperformed the Hong Kong Market which returned 8.2% over the past year.


Shareholder returns

1760IndustryMarket
7 Day0.4%4.1%1.1%
30 Day-1.7%10.3%7.2%
90 Day17.3%26.5%5.2%
1 Year-0.07%-1.7%50.4%45.3%12.6%8.2%
3 Yearn/a-6.4%-14.2%0.4%-10.0%
5 Yearn/a54.6%36.7%30.6%8.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

24.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1760 (HK$2.85) is trading above our estimate of fair value (HK$0.4)

Significantly Below Fair Value: 1760 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1760 is poor value based on its PE Ratio (24.8x) compared to the HK Auto Components industry average (14.7x).

PE vs Market: 1760 is poor value based on its PE Ratio (24.8x) compared to the Hong Kong market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: 1760 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: 1760 is overvalued based on its PB Ratio (2x) compared to the HK Auto Components industry average (1.1x).


Next Steps

Future Growth

How is Intron Technology Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

18.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1760's forecast earnings growth (18.7% per year) is above the savings rate (1.6%).

Earnings vs Market: 1760's earnings (18.7% per year) are forecast to grow slower than the Hong Kong market (21.9% per year).

High Growth Earnings: 1760's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1760's revenue (11.5% per year) is forecast to grow slower than the Hong Kong market (13.6% per year).

High Growth Revenue: 1760's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1760's Return on Equity is forecast to be low in 3 years time (13.1%).


Next Steps

Past Performance

How has Intron Technology Holdings performed over the past 5 years?

5.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1760 has high quality earnings.

Growing Profit Margin: 1760's current net profit margins (4.8%) are lower than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: 1760's earnings have grown by 5.2% per year over the past 5 years.

Accelerating Growth: 1760's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1760 had negative earnings growth (-35.3%) over the past year, making it difficult to compare to the Auto Components industry average (-17.7%).


Return on Equity

High ROE: 1760's Return on Equity (8.1%) is considered low.


Next Steps

Financial Health

How is Intron Technology Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1760's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥804.1M).

Long Term Liabilities: 1760's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥12.6M).


Debt to Equity History and Analysis

Debt Level: 1760's debt to equity ratio (33.3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 1760's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1760's debt is well covered by operating cash flow (65.7%).

Interest Coverage: 1760's interest payments on its debt are well covered by EBIT (6.4x coverage).


Balance Sheet


Next Steps

Dividend

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

1.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1760's dividend (1.33%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 1760's dividend (1.33%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.6%).


Stability and Growth of Payments

Stable Dividend: 1760 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1760 has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.9%), 1760's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1760's dividends in 3 years are forecast to be well covered by earnings (26.8% payout ratio).


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Wing Luk (50 yo)

2.75yrs

Tenure

Mr. Wing Ming Luk is Co-Founder and Chairman of Intron Technology Holdings Limited and its Executive Director since January 3, 2017 and Co-Chief Executive Officer since February 2, 2018. Mr. Luk serves as ...


Leadership Team

NamePositionTenureCompensationOwnership
Wing Luk
Co-Founder2.75yrsno datano data
Cheung Chan
Co-Founder3.67yrsno data7.24%
CN¥ 213.8m
Ming Chee Ng
CFO & Executive Director2.83yrsno data0.19%
CN¥ 5.7m
Ming Chan
GM & Executive Director2.83yrsno data0.19%
CN¥ 5.7m
Chi Ka Tsang
Company Secretary1.67yrsno datano data

2.8yrs

Average Tenure

50yo

Average Age

Experienced Management: 1760's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Wing Luk
Co-Founder2.75yrsno datano data
Cheung Chan
Co-Founder3.67yrsno data7.24%
CN¥ 213.8m
Ming Chee Ng
CFO & Executive Director2.83yrsno data0.19%
CN¥ 5.7m
Ming Chan
GM & Executive Director2.83yrsno data0.19%
CN¥ 5.7m
Yung Kwok Tsui
Independent Non-Executive Director2.42yrsno datano data
Hong Yu
Independent Non-Executive Director2.42yrsno datano data
Yongwei Jiang
Independent Non-Executive Director2.42yrsno datano data

2.6yrs

Average Tenure

50yo

Average Age

Experienced Board: 1760's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Intron Technology Holdings Limited
  • Ticker: 1760
  • Exchange: SEHK
  • Founded: 2001
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: HK$2.953b
  • Shares outstanding: 1.04b
  • Website: https://www.intron-tech.com

Number of Employees


Location

  • Intron Technology Holdings Limited
  • Delta House
  • Unit 1008-10
  • Sha Tin
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1760SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2018

Biography

Intron Technology Holdings Limited, an investment holding company, develops and sells automotive electronic components in Hong Kong, Mainland China, and internationally. The company offers components for u...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 10:07
End of Day Share Price2020/11/27 00:00
Earnings2020/06/30
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.