Risecomm Group Holdings
Market Cap
HK$1.3b
Last Updated
2020/02/16 13:11 UTC
Data Sources
Company Financials
Executive Summary
Risecomm Group Holdings Limited, an investment holding company, designs and develops application-specific integrated circuits in the People’s Republic of China.
Snowflake Analysis
Mediocre balance sheet and slightly overvalued.
Share Price & News
How has Risecomm Group Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1679's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
16.2%
1679
-0.2%
HK Semiconductor
1.7%
HK Market
1 Year Return
-20.9%
1679
57.9%
HK Semiconductor
-2.9%
HK Market
Return vs Industry: 1679 underperformed the Hong Kong Semiconductor industry which returned 57.9% over the past year.
Return vs Market: 1679 underperformed the Hong Kong Market which returned -2.9% over the past year.
Shareholder returns
| 1679 | Industry | Market | |
|---|---|---|---|
| 7 Day | 16.2% | -0.2% | 1.7% |
| 30 Day | 22.9% | 4.9% | -4.2% |
| 90 Day | 18.3% | 39.0% | 4.6% |
| 1 Year | -20.9%-20.9% | 60.2%57.9% | 0.7%-2.9% |
| 3 Year | n/a | 49.8%42.5% | 15.3%3.6% |
| 5 Year | n/a | 38.8%27.1% | 15.9%-3.5% |
Price Volatility Vs. Market
How volatile is Risecomm Group Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Are Insiders Buying Risecomm Group Holdings Limited (HKG:1679) Stock?1 month ago | Simply Wall St
What Kind Of Shareholders Own Risecomm Group Holdings Limited (HKG:1679)?2 months ago | Simply Wall St
Volatility 101: Should Risecomm Group Holdings (HKG:1679) Shares Have Dropped 22%?Valuation
Is Risecomm 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
Below Fair Value: 1679 (HK$1.29) is trading below our estimate of fair value (HK$4.84)
Significantly Below Fair Value: 1679 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1679 is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.
PE vs Market: 1679 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 1679's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1679 is overvalued based on its PB Ratio (2.6x) compared to the HK Semiconductor industry average (1.3x).
Next Steps
Future Growth
How is Risecomm Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
28.3%
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 Risecomm Group 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
- Take a look at our analysis of 1679’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.
- Risecomm Group Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Semiconductors industry.
Past Performance
How has Risecomm Group Holdings performed over the past 5 years?
-70.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1679 is currently unprofitable.
Growing Profit Margin: 1679 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 1679 is unprofitable, and losses have increased over the past 5 years at a rate of -70.2% per year.
Accelerating Growth: Unable to compare 1679's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 1679 is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (5.3%).
Return on Equity
High ROE: 1679 has a negative Return on Equity (-7.39%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Risecomm Group Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1679's short term assets (CN¥369.3M) exceed its short term liabilities (CN¥88.8M).
Long Term Liabilities: 1679's short term assets (CN¥369.3M) do not cover its long term liabilities (CN¥378.3M).
Debt to Equity History and Analysis
Debt Level: 1679's debt to equity ratio (29.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 1679's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Inventory Level: 1679 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 1679's debt is covered by short term assets (assets are 3.4x debt).
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: 1679 has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: 1679 has been profitable on average in the past, therefore cash runway is not a concern.
Next Steps
Dividend
What is Risecomm Group Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 1679's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 1679's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 1679's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1679'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 1679'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?
7.2yrs
Average management tenure
CEO
Jingxing Yue (61yo)
2.8yrs
Tenure
CN¥1,572,000
Compensation
Mr. Yue Jingxing has been Chief Executive Officer at Risecomm Group Holdings Limited since May 2017 and Executive Director since February 2016. Mr. Yue is responsible for overall strategic planning, resear ...
CEO Compensation Analysis
Compensation vs Market: Jingxing's total compensation ($USD225.01K) is about average for companies of similar size in the Hong Kong market ($USD284.67K).
Compensation vs Earnings: Jingxing's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.8yrs | CN¥1.57m | 9.48% CN¥120.7m | |
| Executive Director | 2.3yrs | CN¥60.00k | no data | |
| CFO & Company Secretary | 3.8yrs | no data | no data | |
| Executive Director | 0.6yrs | no data | no data | |
| CTO & VP - Old Cayman & Risecomm WFOE and GM of Risecomm Wuxi & Risecomm HK Technology | 9.4yrs | no data | no data | |
| VP & Chief Engineer of Risecomm WFOE | 7.4yrs | no data | no data | |
| VP - Risecomm WFOE | 11yrs | no data | no data | |
| Financial Controller of Risecomm WFOE | 6.9yrs | no data | no data | |
| Deputy Chief Engineer | 0yrs | no data | no data | |
| Deputy Chief Engineer | 0yrs | no data | no data |
7.2yrs
Average Tenure
49.5yo
Average Age
Experienced Management: 1679's management team is seasoned and experienced (7.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.8yrs | CN¥1.57m | 9.48% CN¥120.7m | |
| Executive Director | 2.3yrs | CN¥60.00k | no data | |
| Executive Director | 0.6yrs | no data | no data | |
| Independent Non-Executive Director | 2.8yrs | CN¥207.00k | no data | |
| Non-Executive Director | 0.3yrs | CN¥484.00k | no data | |
| Non-Executive Director | 4yrs | CN¥1.44m | no data | |
| Director of Risecomm WFOE | 0yrs | no data | no data | |
| Chairman of the Board | 0.7yrs | CN¥34.00k | no data | |
| Independent Non-Executive Director | 0.8yrs | no data | no data | |
| Independent Non-Executive Director | 0.8yrs | no data | no data |
0.8yrs
Average Tenure
47yo
Average Age
Experienced Board: 1679's board of directors are not considered experienced ( 0.8 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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Risecomm Group Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Risecomm Group Holdings Limited
- Ticker: 1679
- Exchange: SEHK
- Founded: 2006
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: HK$1.273b
- Shares outstanding: 986.62m
- Website: https://www.risecomm.com.cn
Number of Employees
Location
- Risecomm Group Holdings Limited
- Skyworth Building C501
- Hi-tech Industrial Park
- Shenzhen
- Guangdong Province
- 518057
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1679 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jun 2017 |
Biography
Risecomm Group Holdings Limited, an investment holding company, designs and develops application-specific integrated circuits in the People’s Republic of China. It operates in two segments, Automated Meter Reading (AMR) and Other Business; and Smart Manufacturing & Industrial Automation System (SMIA) Business. The AMR Business segment designs, develops, and sells power-line communication, energy saving, and environmental protection products that are used in streetlight control, and building energy and photovoltaic power management, as well as provides maintenance services in connection with the deployment and upgrading of AMR systems by power grid companies. The SMIA Business segment sells software license and production safety products, as well as provides software post-contract customer support services, including smart manufacturing and industrial automation system. The company also provides power line communication ICs, modules, concentrators, collectors, routers, controllers, management systems, and testing tools. Risecomm Group Holdings Limited was founded in 2006 and is headquartered in Shenzhen, the People's Republic of China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 13:11 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.