SEHK:1010

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PacRay International Holdings

Executive Summary

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


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

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

Stable Share Price: 1010 is more volatile than 90% of Hong Kong stocks over the past 3 months, typically moving +/- 24% a week.

Volatility Over Time: 1010's weekly volatility has decreased from 42% to 24% over the past year, but is still higher than 75% of Hong Kong stocks.


Market Performance


7 Day Return

1.5%

1010

2.3%

HK Semiconductor

1.5%

HK Market


1 Year Return

-64.9%

1010

126.2%

HK Semiconductor

11.3%

HK Market

Return vs Industry: 1010 underperformed the Hong Kong Semiconductor industry which returned 126.2% over the past year.

Return vs Market: 1010 underperformed the Hong Kong Market which returned 11.3% over the past year.


Shareholder returns

1010IndustryMarket
7 Day1.5%2.3%1.5%
30 Day-14.3%0.2%8.1%
90 Day-19.5%13.4%6.0%
1 Year-64.9%-64.9%128.3%126.2%15.9%11.3%
3 Year-69.4%-69.4%114.9%108.1%1.7%-8.9%
5 Yearn/a185.1%162.3%33.3%10.8%

Long-Term 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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1010 (HK$0.66) is trading below our estimate of fair value (HK$1.57)

Significantly Below Fair Value: 1010 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1010 is unprofitable, so we can't compare its PE Ratio to the HK 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 (2.3x) compared to the HK Semiconductor industry average (1.2x).


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?

19.5%

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?

-11.7%

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 11.7% 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 (36.4%).


Return on Equity

High ROE: 1010 has a negative Return on Equity (-15.12%), as it is currently unprofitable.


Next Steps

Financial Health

How is PacRay International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1010's short term assets (HK$100.8M) exceed its short term liabilities (HK$46.3M).

Long Term Liabilities: 1010's short term assets (HK$100.8M) exceed its long term liabilities (HK$553.0K).


Debt to Equity History and Analysis

Debt Level: 1010 is debt free.

Reducing Debt: 1010 has not had any debt for 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: Whilst unprofitable 1010 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 1010 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 8.6% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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.


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

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

1.5yrs

Average management tenure


CEO

PacRay International Holdings has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Lin Yang
Executive Chairman1.83yrsno datano data
Pok Man Leung
Executive Director3.25yrsHK$480.00kno data
Mei Ying Lau
Executive Director3.25yrsHK$480.00kno data
Yinsheng Xu
Executive Director1.58yrsHK$326.00kno data
Danqing Zhou
Non-Executive Director & Company Secretary3.25yrsHK$120.00kno data
Yung-Yi Chu
Chief Strategy Officer1.92yrsno datano data
Weina Li
Executive Director0.25yrno datano data

1.5yrs

Average Tenure

38yo

Average Age

Experienced Management: 1010's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Lin Yang
Executive Chairman1.83yrsno datano data
Pok Man Leung
Executive Director3.25yrsHK$480.00kno data
Mei Ying Lau
Executive Director3.25yrsHK$480.00kno data
Yinsheng Xu
Executive Director1.58yrsHK$326.00kno data
Danqing Zhou
Non-Executive Director & Company Secretary3.25yrsHK$120.00kno data
Weina Li
Executive Director0.25yrno datano data
Shengdong Zhang
Independent Non-Executive Director1.67yrsHK$100.00kno data
Ching Ching
Independent Non-Executive Director0.42yrno datano data
Yuzhen Weng
Independent Non-Executive Director0.33yrno datano data

1.7yrs

Average Tenure

40yo

Average Age

Experienced Board: 1010's board of directors are not considered experienced ( 1.7 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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10%.


Top Shareholders

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$244.362m
  • 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

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 10:23
End of Day Share Price2020/11/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.