SEHK:1010

Stock Analysis Report

PacRay International Holdings

Executive Summary

PacRay International Holdings Limited, an investment holding company, designs, distributes, and trades in integrated circuits and semiconductor parts.

Snowflake

Fundamentals

Flawless balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-9.3%

1010

-0.1%

HK Semiconductor

0.3%

HK Market


1 Year Return

-19.0%

1010

37.5%

HK Semiconductor

1.3%

HK Market

Return vs Industry: 1010 underperformed the Hong Kong Semiconductor industry which returned 37.5% over the past year.

Return vs Market: 1010 underperformed the Hong Kong Market which returned 1.3% over the past year.


Shareholder returns

1010IndustryMarket
7 Day-9.3%-0.1%0.3%
30 Day-12.8%-8.0%0.5%
90 Day-28.0%4.0%-4.6%
1 Year-19.0%-19.0%39.4%37.5%4.9%1.3%
3 Yearn/a16.5%10.5%15.3%3.7%
5 Year23.6%23.6%-18.2%-25.0%20.0%-0.006%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

4.16x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1010's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1010's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1010 is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.

PE vs Market: 1010 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1010's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1010 is overvalued based on its PB Ratio (4.2x) compared to the HK Semiconductor industry average (1.4x).


Next Steps

Future Growth

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

29.4%

Forecasted Semiconductors 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 PacRay International Holdings 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 PacRay International Holdings performed over the past 5 years?

-43.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 1010 is unprofitable, and losses have increased over the past 5 years at a rate of -43.6% per year.

Accelerating Growth: Unable to compare 1010's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1010 is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (5.7%).


Return on Equity

High ROE: 1010 has a negative Return on Equity (-40.02%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 1010 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 1010 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is PacRay International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1010's short term assets (HK$105.2M) exceeds its short term liabilities (HK$46.2M)

Long Term Liabilities: 1010 has no long term liabilities


Debt to Equity History and Analysis

Debt Level: 1010 is debt free.

Reducing Debt: 1010 has not had any debt for past 5 years.

Debt Coverage: 1010 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1010 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 1010 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 1010's debt is covered by short term assets.


Next Steps

Dividend

What is PacRay International Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.2%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 1010's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 1010'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 1010's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1010'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 1010'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 PacRay International Holdings's salary, the management and board of directors tenure and is there insider trading?

0.5yrs

Average management tenure


CEO

Xiao Wei (28yo)

0.8yrs

Tenure

0

Mr. Xiao Wei serves as Chief Executive Officer of PacRay International Holdings Limited since December 31, 2018 and served as its Executive Director since December 31, 2018 until July 3, 2019. Mr. Wei also ...


Management Age and Tenure

0.5yrs

Average Tenure

37yo

Average Age

Experienced Management: 1010's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Age and Tenure

1.5yrs

Average Tenure

37yo

Average Age

Experienced Board: 1010's board of directors are not considered experienced ( 1.5 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

  • Mei Ying Lau (37yo)

    Executive Director

    • Tenure: 2.2yrs
    • Compensation: HK$480.00k
  • Pok Man Leung (51yo)

    Executive Director

    • Tenure: 2.2yrs
    • Compensation: HK$480.00k
  • Danqing Zhou (32yo)

    Non-Executive Director & Company Secretary

    • Tenure: 2.2yrs
    • Compensation: HK$120.00k
  • Yung-Yi Chu (45yo)

    Chief Strategy Officer

    • Tenure: 0.8yrs
  • Li Xueying (46yo)

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Xiao Wei (28yo)

    Chief Executive Officer

    • Tenure: 0.8yrs
  • Lin Yang (45yo)

    Executive Chairman

    • Tenure: 0.8yrs
  • Yinsheng Xu (35yo)

    Executive Director

    • Tenure: 0.5yrs
  • Shixia Liu (36yo)

    Executive Director

    • Tenure: 0.3yrs

Board Members

  • Man To Lee (46yo)

    Independent Non-Executive Director

    • Tenure: 1.5yrs
    • Compensation: HK$85.00k
  • Shengdong Zhang (54yo)

    Independent Non-executive Director

    • Tenure: 0.6yrs
  • Yee Man Choi (29yo)

    Independent Non-Executive Director

    • Tenure: 1.5yrs
    • Compensation: HK$85.00k
  • Mei Ying Lau (37yo)

    Executive Director

    • Tenure: 2.2yrs
    • Compensation: HK$480.00k
  • Pok Man Leung (51yo)

    Executive Director

    • Tenure: 2.2yrs
    • Compensation: HK$480.00k
  • Danqing Zhou (32yo)

    Non-Executive Director & Company Secretary

    • Tenure: 2.2yrs
    • Compensation: HK$120.00k
  • Lin Yang (45yo)

    Executive Chairman

    • Tenure: 0.8yrs
  • Yinsheng Xu (35yo)

    Executive Director

    • Tenure: 0.5yrs
  • Shixia Liu (36yo)

    Executive Director

    • Tenure: 0.3yrs

Company Information

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


Key Information

  • Name: PacRay International Holdings Limited
  • Ticker: 1010
  • Exchange: SEHK
  • Founded:
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: HK$457.759m
  • Shares outstanding: 336.59m
  • Website: https://pacray.etnet.com.hk

Number of Employees


Location

  • PacRay International Holdings Limited
  • Agricultural Bank of China Tower
  • 28th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1010SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDApr 1994

Biography

PacRay International Holdings Limited, an investment holding company, designs, distributes, and trades in integrated circuits and semiconductor parts. The company provides agency services related to integr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 12:33
End of Day Share Price2019/10/22 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.