SEHK:8483

Stock Analysis Report

Executive Summary

Max Sight Group Holdings Limited, an investment holding company, primarily engages in the provision of photography services by supplying automatic identity photo booths in Hong Kong and the People’s Republic of China.

Snowflake

Fundamentals

Flawless balance sheet and undervalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.0%

8483

2.3%

HK Consumer Services

0.9%

HK Market


1 Year Return

-22.0%

8483

5.4%

HK Consumer Services

0.6%

HK Market

Return vs Industry: 8483 underperformed the Hong Kong Consumer Services industry which returned 5.4% over the past year.

Return vs Market: 8483 underperformed the Hong Kong Market which returned 0.6% over the past year.


Shareholder returns

8483IndustryMarket
7 Day-1.0%2.3%0.9%
30 Day3.0%5.0%0.4%
90 Day-1.9%6.3%-5.5%
1 Year-18.0%-22.0%7.6%5.4%4.2%0.6%
3 Yearn/a4.1%-1.3%15.5%3.9%
5 Yearn/a10.1%1.7%19.9%-0.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Max Sight Group Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 8483 (HK$0.1) is trading below our estimate of fair value (HK$0.79)

Significantly Undervalued: 8483 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8483 is good value based on its PE Ratio (9.1x) compared to the Consumer Services industry average (17.2x).

PE vs Market: 8483 is good value based on its PE Ratio (9.1x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 8483's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8483 is good value based on its PB Ratio (1.3x) compared to the HK Consumer Services industry average (2x).


Next Steps

Future Growth

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

6.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8483's forecast earnings growth (6.6% per year) is above the savings rate (2%).

Earnings vs Market: 8483's earnings (6.6% per year) are forecast to grow slower than the Hong Kong market (11.4% per year).

High Growth Earnings: 8483's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 8483's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 8483'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 8483's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Max Sight Group Holdings performed over the past 5 years?

4.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 8483's earnings have grown by 4% per year over the past 5 years.

Accelerating Growth: 8483 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 8483 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Services industry (14.4%).


Return on Equity

High ROE: 8483's Return on Equity (14%) is considered low.


Return on Assets

ROA vs Industry: 8483 has a higher Return on Assets than the Consumer Services industry average last year.


Return on Capital Employed

ROCE Improving: 8483's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Max Sight Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8483's short term assets (HK$56.9M) exceeds its short term liabilities (HK$12.5M)

Long Term Liabilities: 8483's short term assets (56.9M) exceeds its long term liabilities (7.7M)


Debt to Equity History and Analysis

Debt Level: 8483 is debt free.

Reducing Debt: 8483 had no debt 5 years ago.

Debt Coverage: 8483 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 8483 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 8483 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 8483's debt is covered by short term assets.


Next Steps

Dividend

What is Max Sight Group Holdings's current dividend yield, its reliability and sustainability?

9.71%

Current Dividend Yield


Dividend Yield vs Market

company9.7%marketbottom25%2.3%markettop25%6.3%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 8483's dividend (9.71%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 8483's dividend (9.71%) is in the top 25% of dividend payers in the Hong Kong market (6.25%)

Stable Dividend: Too early to tell whether 8483's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 8483's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.2%), 8483's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Max Sight Group Holdings's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Timmy Chan (44yo)

0yrs

Tenure

HK$1,268,000

Compensation

Mr. Chan Tien Kay, also known as Timmy, was appointed as an Executive Director of Max Sight Group Holdings Limited with effect from 26 January 2017. Mr. Timmy Chan also serves as the Chief Executive Office ...


CEO Compensation Analysis

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

Compensation vs Earnings: Timmy's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.7yrs

Average Tenure

48.5yo

Average Age

Experienced Management: 8483's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Age and Tenure

2.8yrs

Average Tenure

70.5yo

Average Age

Experienced Board: 8483's board of directors are not considered experienced ( 2.8 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

  • Siu-Tong Wu (64yo)

    Executive Director

    • Tenure: 2.8yrs
  • Jamson Chan (72yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: HK$1.30m
  • Timmy Chan (44yo)

    CEO, Compliance Officer & Executive Director

    • Tenure: 0yrs
    • Compensation: HK$1.27m
  • Ernie Chan (42yo)

    Chief Technical Officer

    • Tenure: 2.8yrs
  • Benny Chun (53yo)

    Deputy General Administration Manager

    • Tenure: 8.5yrs
  • Chi-Hong Wong (32yo)

    Finance Director

    • Tenure: 0.6yrs

Board Members

  • Siu-Tong Wu (64yo)

    Executive Director

    • Tenure: 2.8yrs
  • Riccardo Costi (75yo)

    Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: HK$17.00k
  • Kam-Ting Cheung (74yo)

    Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: HK$17.00k
  • Jamson Chan (72yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: HK$1.30m
  • Timmy Chan (44yo)

    CEO, Compliance Officer & Executive Director

    • Tenure: 0yrs
    • Compensation: HK$1.27m
  • James Ngai (55yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs
    • Compensation: HK$151.00k
  • Chi-Kwan Hui (69yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs
    • Compensation: HK$101.00k
  • Tsun-Wa Kwok (72yo)

    Independent Non-Executive Director

    • Tenure: 1.7yrs
    • Compensation: HK$101.00k

Company Information

Max Sight Group Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Max Sight Group Holdings Limited
  • Ticker: 8483
  • Exchange: SEHK
  • Founded: 1989
  • Industry: Specialized Consumer Services
  • Sector: Consumer Services
  • Market Cap: HK$82.400m
  • Shares outstanding: 800.00m
  • Website: https://www.maxsightgroup.com

Number of Employees


Location

  • Max Sight Group Holdings Limited
  • McDonald’s Building
  • 14th Floor
  • Causeway Bay
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8483SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDFeb 2018

Biography

Max Sight Group Holdings Limited, an investment holding company, primarily engages in the provision of photography services by supplying automatic identity photo booths in Hong Kong and the People’s Republ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 13:05
End of Day Share Price2019/10/18 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.