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Bortex Global

SEHK:8118
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8118
SEHK
HK$170M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Bortex Global Limited, an investment holding company, develops, manufactures, and exports light-emitting diode (LED) lighting products to customers in Canada, Taiwan, the United States, Hong Kong, the People’s Republic of China, France, Japan, Italy, and Denmark. The last earnings update was 9 days ago. More info.


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  • Bortex Global has significant price volatility in the past 3 months.
8118 Share Price and Events
7 Day Returns
0%
SEHK:8118
-0.4%
HK Electrical
0.8%
HK Market
1 Year Returns
37.1%
SEHK:8118
-27.4%
HK Electrical
-4.4%
HK Market
8118 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bortex Global (8118) 0% 13.3% 43.5% 37.1% - -
HK Electrical -0.4% -4.9% -18.6% -27.4% -34.2% -36.2%
HK Market 0.8% 1.5% -7.4% -4.4% 17.7% 1.6%
1 Year Return vs Industry and Market
  • 8118 outperformed the Electrical industry which returned -27.4% over the past year.
  • 8118 outperformed the Market in Hong Kong which returned -4.4% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

8118 Value

 Is Bortex Global undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bortex Global to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bortex Global.

SEHK:8118 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:8118
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.19
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.187 (1 + (1- 25%) (4.51%))
1.152
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.152 * 6.65%)
9.66%

Discounted Cash Flow Calculation for SEHK:8118 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bortex Global is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:8118 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 9.66%)
2020 7.42 Est @ 7.2% 6.76
2021 7.83 Est @ 5.64% 6.51
2022 8.19 Est @ 4.55% 6.21
2023 8.50 Est @ 3.79% 5.88
2024 8.78 Est @ 3.25% 5.53
2025 9.03 Est @ 2.88% 5.19
2026 9.27 Est @ 2.61% 4.86
2027 9.49 Est @ 2.43% 4.54
2028 9.71 Est @ 2.3% 4.23
2029 9.92 Est @ 2.21% 3.95
Present value of next 10 years cash flows HK$53.67
SEHK:8118 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$9.92 × (1 + 2%) ÷ (9.66% – 2%)
HK$132.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$132.16 ÷ (1 + 9.66%)10
HK$52.54
SEHK:8118 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$53.67 + HK$52.54
HK$106.20
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$106.20 / 500.00
HK$0.21
SEHK:8118 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.21
Current discount Discount to share price of HK$0.34
= -1 x (HK$0.34 - HK$0.21) / HK$0.21
-60.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Bortex Global is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bortex Global's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bortex Global's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8118 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in HKD HK$0.05
SEHK:8118 Share Price ** SEHK (2019-07-19) in HKD HK$0.34
Hong Kong Electrical Industry PE Ratio Median Figure of 23 Publicly-Listed Electrical Companies 10.76x
Hong Kong Market PE Ratio Median Figure of 1,511 Publicly-Listed Companies 10.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bortex Global.

SEHK:8118 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8118 Share Price ÷ EPS (both in HKD)

= 0.34 ÷ 0.05

7.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bortex Global is good value based on earnings compared to the HK Electrical industry average.
  • Bortex Global is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Bortex Global's expected growth come at a high price?
Raw Data
SEHK:8118 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-5%per year
Hong Kong Electrical Industry PEG Ratio Median Figure of 9 Publicly-Listed Electrical Companies 0.94x
Hong Kong Market PEG Ratio Median Figure of 480 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Bortex Global, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bortex Global's assets?
Raw Data
SEHK:8118 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in HKD HK$0.25
SEHK:8118 Share Price * SEHK (2019-07-19) in HKD HK$0.34
Hong Kong Electrical Industry PB Ratio Median Figure of 34 Publicly-Listed Electrical Companies 0.64x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:8118 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8118 Share Price ÷ Book Value per Share (both in HKD)

= 0.34 ÷ 0.25

1.38x

* Primary Listing of Bortex Global.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bortex Global is overvalued based on assets compared to the HK Electrical industry average.
X
Value checks
We assess Bortex Global's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Bortex Global has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

8118 Future Performance

 How is Bortex Global expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Bortex Global, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bortex Global expected to grow at an attractive rate?
  • Bortex Global's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Bortex Global's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Bortex Global's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8118 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:8118 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -5%
Hong Kong Electrical Industry Earnings Growth Rate Market Cap Weighted Average 8.3%
Hong Kong Electrical Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:8118 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:8118 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-04-30 162 23
2019-01-31 136 13
2018-10-31 152 17 6
2018-07-31 149 6
2018-04-30 151 11 7
2018-01-31 165 16
2017-10-31 149 7 21
2017-07-31 137 16
2017-04-30 142 -3 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bortex Global's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Bortex Global is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:8118 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Bortex Global Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8118 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-04-30 0.05
2019-01-31 0.03
2018-10-31 0.01
2018-07-31 0.01
2018-04-30 0.02
2018-01-31 0.05
2017-10-31 0.07
2017-07-31 0.05
2017-04-30 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bortex Global will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bortex Global's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bortex Global has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

8118 Past Performance

  How has Bortex Global performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bortex Global's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bortex Global's year on year earnings growth rate has been positive over the past 5 years.
  • Bortex Global's 1-year earnings growth exceeds its 5-year average (214.4% vs 6.1%)
  • Bortex Global's earnings growth has exceeded the HK Electrical industry average in the past year (214.4% vs -3.4%).
Earnings and Revenue History
Bortex Global's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bortex Global Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8118 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 162.04 23.42 20.05
2019-01-31 135.97 12.62 23.70
2018-10-31 151.81 6.48 22.95
2018-07-31 148.65 6.41 21.03
2018-04-30 151.23 7.45 20.34
2018-01-31 164.65 15.63 15.00
2017-10-31 148.81 20.75 10.70
2017-07-31 136.97 16.16 12.23
2017-04-30 141.67 16.06 14.50
2016-04-30 120.99 11.97 18.67
2015-04-30 138.64 8.61 19.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bortex Global has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bortex Global used its assets more efficiently than the HK Electrical industry average last year based on Return on Assets.
  • Bortex Global's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bortex Global's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bortex Global has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

8118 Health

 How is Bortex Global's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bortex Global's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bortex Global is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bortex Global has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bortex Global's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 16.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bortex Global Company Filings, last reported 2 months ago.

SEHK:8118 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 123.35 7.00 37.46
2019-01-31 107.95 5.37 47.65
2018-10-31 107.95 4.22 47.65
2018-07-31 105.40 3.39 33.95
2018-04-30 105.40 1.77 33.95
2018-01-31
2017-10-31 56.85 21.68 11.20
2017-07-31 45.56 26.58 8.50
2017-04-30 45.56 24.05 8.50
2016-04-30 30.30 21.78 13.49
2015-04-30 28.04 53.31 39.38
  • Bortex Global's level of debt (6.2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Bortex Global's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (226.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 592.2x coverage).
X
Financial health checks
We assess Bortex Global's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bortex Global has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

8118 Dividends

 What is Bortex Global's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Bortex Global dividends.
If you bought HK$2,000 of Bortex Global shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Bortex Global's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bortex Global's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:8118 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Electrical Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Bortex Global has not reported any payouts.
  • Unable to verify if Bortex Global's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bortex Global's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bortex Global has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bortex Global's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bortex Global afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bortex Global has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

8118 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Xu Shao
COMPENSATION HK$675,000
AGE 39
TENURE AS CEO 0.8 years
CEO Bio

Mr. Shao Xu Hua has been Chief Executive Officer of Bortex Global Limited since September 2018 and served as its Executive Director since September 18, 2015 until September 2018. Mr. Shao is a Co-founder of Bortex Global Limited. He is responsible for the overall management of product design, procurement, production and finance departments. Mr. Shao has about 12 years' experience in the production and sale of decorative lighting products through his involvement in business of Bortex Industry and he has a comprehensive understanding to its overall business and different aspects of the business operation. Mr. Shao was a Founding Shareholder of Bortex Industry which is a Principal operating subsidiary of Bortex Global and has been a Director of Bortex Industry since 2004. Mr. Shao obtained a Diploma (Night School) in Computer Science at South China University of Technology in July 2004 an a Certificate of Completion on MBA Advanced Seminar for Practising Manager (MBA) from Higher School of Continuing Education of Sun Yat-Sen University in September 2009.

CEO Compensation
  • Xu's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Xu's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Bortex Global management team in years:

1.8
Average Tenure
49.5
Average Age
  • The average tenure for the Bortex Global management team is less than 2 years, this suggests a new team.
Management Team

Kwok Leung Shiu

TITLE
Chairman & Compliance Officer
COMPENSATION
HK$633K
AGE
58

Xu Shao

TITLE
Chief Executive Officer
COMPENSATION
HK$675K
AGE
39
TENURE
0.8 yrs

Lai Him Yuen

TITLE
Executive Director
COMPENSATION
HK$347K
AGE
48

Hok Wai Cheng

TITLE
Financial Controller
AGE
51

Liang Pan

TITLE
Sales Manager
AGE
52
TENURE
14.8 yrs

Mun Wong

TITLE
Company Secretary
AGE
44
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Bortex Global board of directors in years:

1.8
Average Tenure
48
Average Age
  • The average tenure for the Bortex Global board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kwok Leung Shiu

TITLE
Chairman & Compliance Officer
COMPENSATION
HK$633K
AGE
58

Lai Him Yuen

TITLE
Executive Director
COMPENSATION
HK$347K
AGE
48
TENURE
3.8 yrs

Ting Kon Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$60K
AGE
48
TENURE
1.8 yrs

Albert Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$60K
AGE
57
TENURE
1.8 yrs

Ching Lo

TITLE
Independent Non-Executive Director
COMPENSATION
HK$60K
AGE
38
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
17. Sep 18 Sell Lai Him Yuen Individual 13. Sep 18 13. Sep 18 -36,000,000 HK$0.27 HK$-9,720,014
X
Management checks
We assess Bortex Global's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bortex Global has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

8118 News

Simply Wall St News

What Kind Of Shareholders Own Bortex Global Limited (HKG:8118)?

Bortex Global is not a large company by global standards. … Our analysis of the ownership of the company, below, shows that institutional investors have not yet purchased shares. … See our latest analysis for Bortex Global SEHK:8118 Ownership Summary, June 27th 2019 What Does The Lack Of Institutional Ownership Tell Us About Bortex Global?

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Should You Be Impressed By Bortex Global Limited's (HKG:8118) ROE?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Bortex Global: 12% = HK$13m ÷ HK$108m (Based on the trailing twelve months to January 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Bortex Global Have A Good Return On Equity? … Bortex Global's Debt And Its 12% ROE Although Bortex Global does use a little debt, its debt to equity ratio of just 0.05 is very low.

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Have Insiders Been Selling Bortex Global Limited (HKG:8118) Shares?

But logic dictates you should pay some attention to whether insiders are buying or selling shares. … That means that an insider was selling shares at around the current price of HK$0.25 … While we don't usually like to see insider selling, it's more concerning if the sales take price at a lower price

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Does Bortex Global Limited (HKG:8118) Have A Good P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Bortex Global has a price to earnings ratio of 9.14, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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How Much Of Bortex Global Limited (HKG:8118) Do Insiders Own?

The big shareholder groups in Bortex Global Limited (HKG:8118) have power over the company. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Bortex Global is a smaller company with a market capitalization of HK$93m, so it may still be flying under the radar of many institutional investors.

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Did Changing Sentiment Drive Bortex Global's Share Price Down By 38%?

Unfortunately the Bortex Global Limited (HKG:8118) share price slid 38% over twelve months. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … The share price fall of 38% isn't as bad as the reduction in earnings per share.

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Should We Be Cautious About Bortex Global Limited's (HKG:8118) ROE Of 6.0%?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every HK$1 worth of equity in the company, it was able to earn HK$0.060. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Bortex Global Limited (HKG:8118) Earns A Nice Return On Capital Employed

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

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What Percentage Of Bortex Global Limited (HKG:8118) Shares Do Insiders Own?

Every investor in Bortex Global Limited (HKG:8118) should be aware of the most powerful shareholder groups. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Bortex Global is not a large company by global standards.

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Bortex Global Limited (HKG:8118): Assessing Capital Returns

and want a simplistic look at the return on Bortex Global Limited (HKG:8118) stock. … Purchasing Bortex Global gives you an ownership stake in the company. … Thus, to understand how your money can grow by investing in Bortex Global, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

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8118 Company Info

Description

Bortex Global Limited, an investment holding company, develops, manufactures, and exports light-emitting diode (LED) lighting products to customers in Canada, Taiwan, the United States, Hong Kong, the People’s Republic of China, France, Japan, Italy, and Denmark. The company offers LED decorative and string lights products, including straight line, icicle, beard garland, crab, wreath, flower, meteor shower, sphere, net, and smart string lights, as well as toy and tree lights; LED commercial lighting products, such as tube lights, ceiling lamps, and light bulbs; and LED solar system series products. It serves retailers, wholesalers, real estate developers, and other fields, as well as agricultural technology production companies. Bortex Global Limited was founded in 2014 and is headquartered in Kwun Tong, Hong Kong.

Details
Name: Bortex Global Limited
8118
Exchange: SEHK
Founded: 2014
HK$170,000,000
500,000,000
Website: http://www.bortex.com.cn
Address: Bortex Global Limited
Flat A, King Palace Plaza,
11th Floor,
Kwun Tong,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8118 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 16. Nov 2017
Number of employees
Current staff
Staff numbers
230
Bortex Global employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 13:05
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/07/11
Last earnings reported: 2019/04/30
Last annual earnings reported: 2019/04/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.