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1010

PacRay International Holdings SEHK:1010 Stock Report

Last Price

HK$0.71

Market Cap

HK$262.9m

7D

9.2%

1Y

-73.0%

Updated

04 Oct, 2022

Data

Company Financials
1010 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

1010 Stock Overview

PacRay International Holdings Limited, an investment holding company, engages in the design, distribution, and trade of integrated circuits and semiconductor parts in the People’s Republic of China and Hong Kong.

PacRay International Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PacRay International Holdings
Historical stock prices
Current Share PriceHK$0.71
52 Week HighHK$7.30
52 Week LowHK$0.58
Beta1.05
1 Month Change5.97%
3 Month Change0%
1 Year Change-73.00%
3 Year Change-63.96%
5 Year Change-69.79%
Change since IPO-44.09%

Recent News & Updates

Shareholder Returns

1010HK SemiconductorHK Market
7D9.2%-2.9%-4.3%
1Y-73.0%-32.9%-28.3%

Return vs Industry: 1010 underperformed the Hong Kong Semiconductor industry which returned -32.9% over the past year.

Return vs Market: 1010 underperformed the Hong Kong Market which returned -28.3% over the past year.

Price Volatility

Is 1010's price volatile compared to industry and market?
1010 volatility
1010 Average Weekly Movement9.5%
Semiconductor Industry Average Movement6.6%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.7%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 1010 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 1010's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
n/a115Fuk Tak Lamhttps://pacray.etnet.com.hk

PacRay International Holdings Limited, an investment holding company, engages in the design, distribution, and trade of integrated circuits and semiconductor parts in the People’s Republic of China and Hong Kong. It also offers agency services related to integrated circuits and semiconductor parts. The company’s integrated circuits are used in industrial and household measuring tools and display products.

PacRay International Holdings Fundamentals Summary

How do PacRay International Holdings's earnings and revenue compare to its market cap?
1010 fundamental statistics
Market CapHK$262.87m
Earnings (TTM)-HK$57.43m
Revenue (TTM)HK$94.75m

2.8x

P/S Ratio

-4.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1010 income statement (TTM)
RevenueHK$94.75m
Cost of RevenueHK$53.04m
Gross ProfitHK$41.71m
Other ExpensesHK$99.14m
Earnings-HK$57.43m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.16
Gross Margin44.03%
Net Profit Margin-60.61%
Debt/Equity Ratio414.8%

How did 1010 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 1010 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1010?

Other financial metrics that can be useful for relative valuation.

1010 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.8x
Enterprise Value/EBITDA-11.2x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 1010's PS Ratio compare to its peers?

1010 PS Ratio vs Peers
The above table shows the PS ratio for 1010 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.8x
1305 Wai Chi Holdings
0.1xn/aHK$290.5m
6939 MEGAIN Holding (Cayman)
1.4xn/aHK$274.9m
8490 Niche-Tech Group
0.6xn/aHK$148.2m
1679 Risecomm Group Holdings
1.1xn/aHK$330.3m
1010 PacRay International Holdings
2.8xn/aHK$262.9m

Price-To-Sales vs Peers: 1010 is expensive based on its Price-To-Sales Ratio (2.8x) compared to the peer average (0.8x).


Price to Earnings Ratio vs Industry

How does 1010's PE Ratio compare vs other companies in the HK Semiconductor Industry?

Price-To-Sales vs Industry: 1010 is expensive based on its Price-To-Sales Ratio (2.8x) compared to the Hong Kong Semiconductor industry average (1.1x)


Price to Sales Ratio vs Fair Ratio

What is 1010's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1010 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.8x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 1010's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1010 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 1010's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 1010's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.6%

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.


Discover growth companies

  • Take a look at our analysis of 1010’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • PacRay International Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has PacRay International Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-30.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1010 is currently unprofitable.

Growing Profit Margin: 1010 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1010 is unprofitable, and losses have increased over the past 5 years at a rate of 30.7% 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 (73.3%).


Return on Equity

High ROE: 1010 has a negative Return on Equity (-127.51%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is PacRay International Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: 1010's short term assets (HK$328.7M) exceed its short term liabilities (HK$326.3M).

Long Term Liabilities: 1010's short term assets (HK$328.7M) exceed its long term liabilities (HK$1.9M).


Debt to Equity History and Analysis

Debt Level: 1010's net debt to equity ratio (220.7%) is considered high.

Reducing Debt: Insufficient data to determine if 1010's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


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: Insufficient data to determine if 1010 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 1010 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

PacRay International Holdings Dividend Yield vs Market
How does PacRay International Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (PacRay International Holdings)n/a
Market Bottom 25% (HK)3.1%
Market Top 25% (HK)9.0%
Industry Average (Semiconductor)2.4%
Analyst forecast in 3 Years (PacRay International Holdings)n/a

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

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


Stability and Growth of Payments

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 1010 has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.6yrs

Average management tenure


CEO

Fuk Tak Lam (46 yo)

0.92yr

Tenure

Mr. Fuk Tak Lam serves as Chief Executive Officer of PacRay International Holdings Limited since November 11, 2021. He served as Chief Financial Officer and Qualified Accountant of ChinaVision Media Group...


Leadership Team

Experienced Management: 1010's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: 1010's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SEHK:1010 Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
15 Sep 22SellHK$68,499,732Zhongying International Holding Group LimitedCompany68,500,000HK$1.00

Ownership Breakdown

What is the ownership structure of 1010?
Owner TypeNumber of SharesOwnership Percentage
General Public161,062,13043.5%
Private Companies209,183,01256.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 1 shareholders own 56.5% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
56.5%
Zhongying International Holding Group Limited
209,183,012HK$148.5m-24.67%no data

Company Information

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


Key Information

  • Name: PacRay International Holdings Limited
  • Ticker: 1010
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: HK$262.874m
  • Shares outstanding: 370.25m
  • 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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.