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Boltek Holdings

SEHK:8601
Snowflake Description

Flawless balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8601
SEHK
HK$336M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Boltek Holdings Limited, an investment holding company, provides engineering consultancy services with a focus on the field of infrastructure developments in Hong Kong. The last earnings update was 64 days ago. More info.


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  • Boltek Holdings has significant price volatility in the past 3 months.
8601 Share Price and Events
7 Day Returns
-5.3%
SEHK:8601
1%
HK Construction
1.5%
HK Market
1 Year Returns
-
SEHK:8601
-10.9%
HK Construction
-4.7%
HK Market
8601 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Boltek Holdings (8601) -5.3% -8.9% -25% - - -
HK Construction 1% -4.3% -13.7% -10.9% -21.2% -2%
HK Market 1.5% 3.9% -8.2% -4.7% 18.3% 3.4%
1 Year Return vs Industry and Market
  • No trading data on 8601.
  • No trading data on 8601.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Boltek Holdings 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 Boltek Holdings 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 Boltek Holdings.

SEHK:8601 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 8.8%
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:8601
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Construction Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.042 (1 + (1- 25%) (0%))
1.028
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.028 * 6.65%)
8.84%

Discounted Cash Flow Calculation for SEHK:8601 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Boltek Holdings 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:8601 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.84%)
2020 10.61 Est @ 7.34% 9.75
2021 11.22 Est @ 5.74% 9.47
2022 11.74 Est @ 4.62% 9.10
2023 12.19 Est @ 3.83% 8.68
2024 12.59 Est @ 3.28% 8.24
2025 12.95 Est @ 2.9% 7.79
2026 13.29 Est @ 2.63% 7.35
2027 13.62 Est @ 2.44% 6.91
2028 13.93 Est @ 2.31% 6.50
2029 14.24 Est @ 2.22% 6.10
Present value of next 10 years cash flows HK$79.90
SEHK:8601 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$14.24 × (1 + 2%) ÷ (8.84% – 2%)
HK$212.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$212.42 ÷ (1 + 8.84%)10
HK$91.04
SEHK:8601 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$79.90 + HK$91.04
HK$170.94
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$170.94 / 800.00
HK$0.21
SEHK:8601 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.21
Current discount Discount to share price of HK$0.36
= -1 x (HK$0.36 - HK$0.21) / HK$0.21
-68.5%

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

  • The current share price of Boltek Holdings 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 Boltek Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Boltek Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8601 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$0.00
SEHK:8601 Share Price ** SEHK (2019-07-17) in HKD HK$0.36
Hong Kong Construction Industry PE Ratio Median Figure of 105 Publicly-Listed Construction Companies 10.15x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.75x

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

** Primary Listing of Boltek Holdings.

SEHK:8601 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8601 Share Price ÷ EPS (both in HKD)

= 0.36 ÷ 0.00

93.29x

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

  • Boltek Holdings is overvalued based on earnings compared to the HK Construction industry average.
  • Boltek Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Boltek Holdings's expected growth come at a high price?
Raw Data
SEHK:8601 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 93.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
15%per year
Hong Kong Construction Industry PEG Ratio Median Figure of 10 Publicly-Listed Construction Companies 0.56x
Hong Kong Market PEG Ratio Median Figure of 479 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 Boltek Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Boltek Holdings's assets?
Raw Data
SEHK:8601 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$0.14
SEHK:8601 Share Price * SEHK (2019-07-17) in HKD HK$0.36
Hong Kong Construction Industry PB Ratio Median Figure of 136 Publicly-Listed Construction Companies 1.4x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:8601 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8601 Share Price ÷ Book Value per Share (both in HKD)

= 0.36 ÷ 0.14

2.6x

* Primary Listing of Boltek Holdings.

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

  • Boltek Holdings is overvalued based on assets compared to the HK Construction industry average.
X
Value checks
We assess Boltek Holdings'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. Boltek Holdings has a total score of 0/6, 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.

Future Performance

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

  • No analysts cover Boltek Holdings, 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
15%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Boltek Holdings expected to grow at an attractive rate?
  • Boltek Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Boltek Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Boltek Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8601 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:8601 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 15%
Hong Kong Construction Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Hong Kong Construction Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -7.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*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:8601 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:8601 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 94 3
2018-12-31 88 -14 -1
2018-09-30 87 -2
2018-03-31 87 11 14
2017-12-31 86 9 17
2016-12-31 71 12 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Boltek Holdings's earnings are expected to grow by 15% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Boltek Holdings 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:8601 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Boltek Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8601 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.00
2018-03-31 0.02
2017-12-31 0.03
2016-12-31

*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 Boltek Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Boltek Holdings'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.
Boltek Holdings has a total score of 2/6, 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.

Past Performance

  How has Boltek Holdings 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 Boltek Holdings's growth in the last year to its industry (Construction).
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.
  • Insufficient data to establish if Boltek Holdings's year on year earnings growth rate was positive over the past 5 years.
  • Boltek Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Boltek Holdings's 1-year earnings growth is negative, it can't be compared to the HK Construction industry average.
Earnings and Revenue History
Boltek Holdings'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 Boltek Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8601 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 94.21 2.74 20.97
2018-12-31 88.42 -1.44 18.62
2018-09-30 87.11 -1.66 16.01
2018-03-31 87.36 14.45 14.99
2017-12-31 86.22 17.19 14.82
2016-12-31 71.31 14.16 12.76

*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.
  • Boltek Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Boltek Holdings used its assets less efficiently than the HK Construction industry average last year based on Return on Assets.
  • Unable to establish if Boltek Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Boltek Holdings'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 Construction 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.
Boltek Holdings has a total score of 0/6, 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.

Health

 How is Boltek Holdings'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 Boltek Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Boltek Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Boltek Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Boltek Holdings'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.
  • Low level of unsold assets.
  • Boltek Holdings has no debt, it does not need to be covered by short term assets.
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 Boltek Holdings Company Filings, last reported 3 months ago.

SEHK:8601 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 110.78 0.00 75.29
2018-12-31 110.78 0.00 75.29
2018-09-30
2018-03-31 40.52 0.00 23.86
2017-12-31 22.55 0.00 8.36
2016-12-31 18.71 0.00 9.15
  • Boltek Holdings has no debt.
  • Boltek Holdings has not taken on any debt in the past 5 years.
  • Boltek Holdings has no debt, it does not need to be covered by operating cash flow.
  • Boltek Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Boltek Holdings'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. Boltek Holdings has a total score of 6/6, 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.

Dividends

 What is Boltek Holdings'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 Boltek Holdings dividends.
If you bought HK$2,000 of Boltek Holdings 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 Boltek Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Boltek Holdings'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:8601 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 Construction Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 3.9%
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 Boltek Holdings has not reported any payouts.
  • Unable to verify if Boltek Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Boltek Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Boltek Holdings 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 Boltek Holdings'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 Boltek Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Boltek Holdings 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.

Management

 What is the CEO of Boltek Holdings'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
Kwan Tar Cheung
COMPENSATION HK$3,927,000
AGE 58
TENURE AS CEO 0.9 years
CEO Bio

Mr. Cheung Kwan Tar has been the Chairman and Chief Executive Officer of Boltek Holdings Limited since August 20, 2018 and has been its Executive Director since April 18, 2018 and also serves as its Compliance Officer. Mr. Cheung is responsible for the overall strategic planning, business development, corporate management and sales and marketing. Mr. Cheung has over 30 years of relevant experience in the civil engineering industry. Before joining our Group, Mr. Cheung has had extensive work experience in managing various kinds of infrastructure projects including but not limited to highways, drainage, sewerage and mainlaying works. From 1984 to 2006 he worked for a number of contractors and international consulting firms in Hong Kong, namely, as a site engineer of Lingking Construction Company Limited in 1984, as a site agent of Wing Mou Construction Company Limited from July 1985 to October 1986, as an assistant engineer of Gammon (Hong Kong)Limited from October 1986 to March 1987, as a graduate engineer of Henry Boot Far East Limited from March 1987 to May 1988, and initially as an assistant engineer and then ultimately a director of Jacobs China Limited (formerly Babtie Asia Limited) from June 1988 to April 2006. Since September 2006, he has been a director of Mannings. Mr.Cheung obtained a Bachelor of Science (Engineering) from Queen Mary College, University of London in the United Kingdom in August 1983.

CEO Compensation
  • Kwan Tar's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Kwan Tar's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Kwan Tar Cheung

TITLE
Executive Chairman
COMPENSATION
HK$4M
AGE
58
TENURE
0.9 yrs

Pak Hung Ng

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
45

Chun Kit Yu

TITLE
Financial Controller & Company Secretary
AGE
29

Man Wah Shek

TITLE
Chief Operating Officer
AGE
53

Chui Ping Chiu

TITLE
Chief Administrative Officer
AGE
50
Board of Directors Tenure

Average tenure and age of the Boltek Holdings board of directors in years:

0.9
Average Tenure
58
Average Age
  • The average tenure for the Boltek Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kwan Tar Cheung

TITLE
Executive Chairman
COMPENSATION
HK$4M
AGE
58
TENURE
0.9 yrs

Pak Hung Ng

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
45
TENURE
1.3 yrs

Sam Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$36K
AGE
68
TENURE
0.9 yrs

Wan Fung Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$36K
AGE
50
TENURE
0.9 yrs

Macksion Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$36K
AGE
63
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Boltek Holdings'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. Boltek Holdings 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.

News

Simply Wall St News

Why Boltek Holdings Limited’s (HKG:8601) Return On Capital Employed Is Impressive

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Boltek Holdings: 0.18 = HK$19m ÷ (HK$117m - HK$6.4m) (Based on the trailing twelve months to March 2019.) So, Boltek Holdings has an ROCE of 18%. … How Boltek Holdings's Current Liabilities Impact Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … In addition to low current liabilities (making a negligible impact on ROCE), Boltek Holdings earns a sound return on capital employed.

Simply Wall St -

What Kind Of Investor Owns Most Of Boltek Holdings Limited (HKG:8601)?

Every investor in Boltek Holdings Limited (HKG:8601) should be aware of the most powerful shareholder groups. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Boltek Holdings is not a large company by global standards.

Simply Wall St -

Do Institutions Own Boltek Holdings Limited (HKG:8601) Shares?

The big shareholder groups in Boltek Holdings Limited (HKG:8601) have power over the company. … Boltek Holdings is not a large company by global standards. … View our latest analysis for Boltek Holdings

Simply Wall St -

Company Info

Description

Boltek Holdings Limited, an investment holding company, provides engineering consultancy services with a focus on the field of infrastructure developments in Hong Kong. The company offers engineering consultancy services comprising civil engineering services, such as road and structural engineering; geotechnical engineering; and traffic engineering. Its engineering consultant services for infrastructure works include roads, bridges, noise barriers, barrier-free access facilities, slope improvement, foundation works, drainage, and river walls. Boltek Holdings Limited also provides ancillary services, which comprise deployment of engineering and related staff to government authority by recruiting, employing, and remunerating individuals on contract basis; and advisory services on the implementation of contract administration procedures in infrastructure development project. The company was founded in 2005 and is headquartered in Tsim Sha Tsui, Hong Kong. Boltek Holdings Limited is a subsidiary of Waywin Investment Holding Limited.

Details
Name: Boltek Holdings Limited
8601
Exchange: SEHK
Founded: 2005
HK$336,000,000
800,000,000
Website: http://www.boltekholdings.com
Address: Boltek Holdings Limited
Winning Commercial Building,
5th Floor,
Tsim Sha Tsui,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8601 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 13. Sep 2018
Number of employees
Current staff
Staff numbers
110
Boltek Holdings employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 13:06
End of day share price update: 2019/07/17 00:00
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.