SEHK:8601

Stock Analysis Report

Executive Summary

Boltek Holdings Limited, an investment holding company, provides engineering consultancy services with a focus on the field of infrastructure developments in Hong Kong.

Snowflake

Fundamentals

Flawless balance sheet with limited growth.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-18.3%

8601

0.2%

HK Construction

2.4%

HK Market


1 Year Return

-65.6%

8601

-19.0%

HK Construction

0.4%

HK Market

Return vs Industry: 8601 underperformed the Hong Kong Construction industry which returned -19% over the past year.

Return vs Market: 8601 underperformed the Hong Kong Market which returned 0.4% over the past year.


Shareholder returns

8601IndustryMarket
7 Day-18.3%0.2%2.4%
30 Day-23.5%-6.3%-2.6%
90 Day-33.1%-12.0%-5.6%
1 Year-65.6%-65.6%-15.7%-19.0%4.0%0.4%
3 Yearn/a-25.9%-34.0%15.1%3.5%
5 Yearn/a0.8%-14.3%20.3%0.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

23.92x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate 8601's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate 8601's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8601 is poor value based on its PE Ratio (23.9x) compared to the Construction industry average (10.2x).

PE vs Market: 8601 is poor value based on its PE Ratio (23.9x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 8601's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8601 is overvalued based on its PB Ratio (1.6x) compared to the HK Construction industry average (1.1x).


Next Steps

Future Growth

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

14.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8601's forecast earnings growth (14.4% per year) is above the savings rate (2%).

Earnings vs Market: 8601's earnings (14.4% per year) are forecast to grow faster than the Hong Kong market (11.2% per year).

High Growth Earnings: 8601's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 8601's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 8601's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 8601's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Boltek Holdings performed over the past 5 years?

19.0%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if 8601's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare 8601's past year earnings growth to its 5-year average.

Earnings vs Industry: 8601 earnings growth over the past year (19%) exceeded the Construction industry -12.8%.


Return on Equity

High ROE: 8601's Return on Equity (6.3%) is considered low.


Return on Assets

ROA vs Industry: 8601's Return on Assets is below or equal to the Construction industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate 8601's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Boltek Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8601's short term assets (HK$128.4M) exceeds its short term liabilities (HK$11.9M)

Long Term Liabilities: 8601's short term assets (128.4M) exceeds its long term liabilities (3.1M)


Debt to Equity History and Analysis

Debt Level: 8601 is debt free.

Reducing Debt: 8601 has not had any debt for past 5 years.

Debt Coverage: 8601 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 8601 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 8601 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 8601's debt is not covered by short term assets (assets are -1.4454077824064E+17x debt).


Next Steps

Dividend

What is Boltek Holdings'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


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 8601's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 8601'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 8601's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8601'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 8601'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 Boltek Holdings's salary, the management and board of directors tenure and is there insider trading?

1.2yrs

Average board tenure


CEO

Kwan Tar Cheung (58yo)

1.2yrs

Tenure

HK$3,927,000

Compensation

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 Compli ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Kwan Tar's total compensation is reasonable compared to companies of similar size in the Hong Kong market.

Compensation vs Earnings: Kwan Tar's compensation has increased by more than 20% in the past year.


Board Age and Tenure

1.2yrs

Average Tenure

58yo

Average Age

Experienced Board: 8601's board of directors are not considered experienced ( 1.2 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


Management Team

  • Kwan Tar Cheung (58yo)

    Executive Chairman

    • Tenure: 1.2yrs
    • Compensation: HK$3.93m
  • Pak Hung Ng (45yo)

    Executive Director

    • Tenure: 1.5yrs
    • Compensation: HK$1.88m
  • Man Wah Shek (53yo)

    Chief Operating Officer

    • Tenure: 0yrs
  • Chui Ping Chiu (50yo)

    Chief Administrative Officer

    • Tenure: 0yrs
  • Chun Kit Yu (29yo)

    Financial Controller & Company Secretary

    • Tenure: 0yrs

Board Members

  • Wan Fung Chan (50yo)

    Independent Non-Executive Director

    • Tenure: 1.2yrs
    • Compensation: HK$36.00k
  • Macksion Chan (63yo)

    Independent Non-Executive Director

    • Tenure: 1.2yrs
    • Compensation: HK$36.00k
  • Kwan Tar Cheung (58yo)

    Executive Chairman

    • Tenure: 1.2yrs
    • Compensation: HK$3.93m
  • Pak Hung Ng (45yo)

    Executive Director

    • Tenure: 1.5yrs
    • Compensation: HK$1.88m
  • Sam Chan (68yo)

    Independent Non-Executive Director

    • Tenure: 1.2yrs
    • Compensation: HK$36.00k

Company Information

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


Key Information

  • Name: Boltek Holdings Limited
  • Ticker: 8601
  • Exchange: SEHK
  • Founded: 2005
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: HK$192.800m
  • Shares outstanding: 800.00m
  • Website: https://www.boltekholdings.com

Number of Employees


Location

  • Boltek Holdings Limited
  • Winning Commercial Building
  • 5th Floor
  • Tsim Sha Tsui
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8601SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDSep 2018

Biography

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 consu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 12:56
End of Day Share Price2019/10/15 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.