SEHK:8192

Stock Analysis Report

Executive Summary

Global Token Limited, an investment holding company, engages in the rental of energy-saving air-conditioners in the People’s Republic of China, Hong Kong, and Taiwan.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Share Price & News

How has Global Token's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.3%

8192

0.3%

HK Trade Distributors

2.2%

HK Market


1 Year Return

-88.2%

8192

3.7%

HK Trade Distributors

-1.3%

HK Market

Return vs Industry: 8192 underperformed the Hong Kong Trade Distributors industry which returned 3.7% over the past year.

Return vs Market: 8192 underperformed the Hong Kong Market which returned -1.3% over the past year.


Share holder returns

8192IndustryMarket
7 Day-6.3%0.3%2.2%
30 Day-9.1%-16.0%-2.9%
90 Day-26.8%1.0%-5.8%
1 Year-88.2%-88.2%6.9%3.7%2.3%-1.3%
3 Year-94.3%-94.6%-14.1%-21.9%15.6%3.9%
5 Year-98.4%-98.5%-45.5%-56.4%20.1%0.06%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.16x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: Insufficient data to calculate 8192's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate 8192's fair value to establish if it is undervalued.


Price Based on Earnings

PE vs Industry: 8192 is unprofitable, so we can't compare its PE Ratio to the Trade Distributors industry average.

PE vs Market: 8192 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate 8192's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: 8192 is good value based on its PB Ratio (0.2x) compared to the HK Trade Distributors industry average (0.6x).


Next Steps

Future Growth

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

13.3%

Forecasted Capital Goods 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 Global Token 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 Global Token performed over the past 5 years?

-24.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 8192 is unprofitable, and losses have increased over the past 5 years at a rate of -24% per year.

Accelerating Growth: Unable to compare 8192's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8192 is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (1%).


Return on Equity

High ROE: 8192 has a negative Return on Equity (-89.59%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 8192 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 8192 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Global Token's financial position?


Financial Position Analysis

Short Term Liabilities: 8192's short term assets (HK$145.0M) exceeds its short term liabilities (HK$25.3M)

Long Term Liabilities: 8192's short term assets (145.0M) exceeds its long term liabilities (543.0K)


Debt to Equity History and Analysis

Debt Level: 8192 is debt free.

Reducing Debt: 8192 has no debt compared to 5 years ago when its debt to equity ratio was 1.8%.


Balance Sheet

Inventory Level: 8192 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 8192's debt is not covered by short term assets (assets are -3.2660780037635E+17x 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: 8192 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: 8192 has sufficient cash runway for 1.075800 years if free cash flow continues to grow at historical rates of 46% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.3%industryaverage4.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate 8192's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 8192's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 8192's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8192's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8192's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

1.2yrs

Average management tenure


CEO

Jian Ying Ma (62yo)

1.2yrs

Tenure

HK$2,737,000

Compensation

Ms. Jian Ying Ma serves as Co-Chief Executive Officer of Global Energy Resources International Group Ltd since August 16, 2018. She has been the Compliance Officer at Global Energy Resources International  ...


CEO Compensation Analysis

Compensation vs. Market: Jian Ying has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Hong Kong market.

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


Management Age and Tenure

1.2yrs

Average Tenure

48yo

Average Age

Experienced Management: 8192's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Age and Tenure

2.1yrs

Average Tenure

58yo

Average Age

Experienced Board: 8192's board of directors are not considered experienced ( 2.1 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.


Recent Insider Transactions

BuyHK$1,432,57110 Jan 19
Wei Sha Zhu
EntityIndividual
Shares8,645,592
Max PriceHK$0.17

Ownership Breakdown


Management Team

  • An Zhong Wang (62yo)

    Executive Director

    • Tenure: 3.1yrs
    • Compensation: HK$456.00k
  • Ping Chen (64yo)

    Chairman

    • Tenure: 2.1yrs
    • Compensation: HK$2.28m
  • Jian Ying Ma (62yo)

    Co-CEO, Compliance Officer & Executive Director

    • Tenure: 1.2yrs
    • Compensation: HK$2.74m
  • Dan Cheng (33yo)

    Chief Investment Officer

    • Tenure: 0.9yrs
  • Terence Tsang (30yo)

    Executive Director

    • Tenure: 2yrs
    • Compensation: HK$2.74m
  • Bin Xie (34yo)

    Co-CEO & Director

    • Tenure: 0.5yrs
  • Man Shan Tse

    Company Secretary

    • Tenure: 0.3yrs

Board Members

  • Guang Rong Shi (58yo)

    Non-Executive Director

    • Tenure: 2.6yrs
    • Compensation: HK$492.00k
  • An Zhong Wang (62yo)

    Executive Director

    • Tenure: 3.1yrs
    • Compensation: HK$456.00k
  • Ping Chen (64yo)

    Chairman

    • Tenure: 2.1yrs
    • Compensation: HK$2.28m
  • Jian Ying Ma (62yo)

    Co-CEO, Compliance Officer & Executive Director

    • Tenure: 1.2yrs
    • Compensation: HK$2.74m
  • Wah Leung (54yo)

    Independent Non-Executive Director

    • Tenure: 9.8yrs
    • Compensation: HK$120.00k
  • Mei Ling Wong (58yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: HK$120.00k
  • Terence Tsang (30yo)

    Executive Director

    • Tenure: 2yrs
    • Compensation: HK$2.74m
  • Bin Xie (34yo)

    Co-CEO & Director

    • Tenure: 0.5yrs
  • Hui Qin (65yo)

    Independent Non-Executive Director

    • Tenure: 0.6yrs

Company Information

Global Token Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Global Token Limited
  • Ticker: 8192
  • Exchange: SEHK
  • Founded:
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: HK$31.091m
  • Shares outstanding: 1.04b
  • Website: https://www.8192.com.hk

Number of Employees


Location

  • Global Token Limited
  • Room 3008–10, 30th Floor, Tower 6
  • The Gateway
  • Tsim Sha Tsui
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8192SEHK (The Stock Exchange of Hong Kong Ltd.)HKD0.04HKHKDNo data
8192SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDSep 2007

Biography

Global Token Limited, an investment holding company, engages in the rental of energy-saving air-conditioners in the People’s Republic of China, Hong Kong, and Taiwan. The company is also involved in the tr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 12:51
End of Day Share Price2019/10/11 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.

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