SEHK:2203

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Executive Summary

Brainhole Technology Limited, an investment holding company, engages in the assembly, packaging, and sale of discrete semiconductors with a primary focus on applications for smart consumer electronic devices. More Details


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Brainhole Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2203 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 2203's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-5.6%

2203

3.1%

HK Semiconductor

1.1%

HK Market


1 Year Return

-40.7%

2203

124.3%

HK Semiconductor

8.2%

HK Market

Return vs Industry: 2203 underperformed the Hong Kong Semiconductor industry which returned 126.4% over the past year.

Return vs Market: 2203 underperformed the Hong Kong Market which returned 7.6% over the past year.


Shareholder returns

2203IndustryMarket
7 Day-5.6%3.1%1.1%
30 Day-10.5%8.6%7.2%
90 Day-16.4%14.6%5.2%
1 Year-40.7%-40.7%126.4%124.3%12.6%8.2%
3 Year-69.6%-69.6%116.8%109.8%0.4%-10.0%
5 Year-38.6%-38.6%182.3%160.0%30.6%8.5%

Long-Term Price Volatility Vs. Market

How volatile is Brainhole Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Brainhole Technology undervalued compared to its fair value and its price relative to the market?

1.02x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 2203's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 2203's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 2203 is unprofitable, so we can't compare its PE Ratio to the HK Semiconductor industry average.

PE vs Market: 2203 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 2203's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2203 is good value based on its PB Ratio (1x) compared to the HK Semiconductor industry average (1.3x).


Next Steps

Future Growth

How is Brainhole Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.7%

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 Brainhole Technology 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 Brainhole Technology performed over the past 5 years?

-42.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2203 is currently unprofitable.

Growing Profit Margin: 2203 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2203 is unprofitable, and losses have increased over the past 5 years at a rate of 42.7% per year.

Accelerating Growth: Unable to compare 2203's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2203 is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (36.4%).


Return on Equity

High ROE: 2203 has a negative Return on Equity (-37.18%), as it is currently unprofitable.


Next Steps

Financial Health

How is Brainhole Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 2203's short term assets (HK$199.3M) exceed its short term liabilities (HK$164.8M).

Long Term Liabilities: 2203's short term assets (HK$199.3M) exceed its long term liabilities (HK$5.2M).


Debt to Equity History and Analysis

Debt Level: 2203's debt to equity ratio (17.9%) is considered satisfactory.

Reducing Debt: 2203's debt to equity ratio has reduced from 56.6% to 17.9% over the past 5 years.

Debt Coverage: 2203's debt is well covered by operating cash flow (63.6%).

Interest Coverage: Insufficient data to determine if 2203's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Brainhole Technology current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2203's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2203'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 2203's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2203'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 2203'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?

1.2yrs

Average management tenure


CEO

Vincent Tong (55 yo)

1.17yrs

Tenure

HK$716,000

Compensation

Mr. Wen-Hsin Tong, also known as Vincent, serves as the Chief Executive Officer of Brainhole Technology Ltd. since April 23, 2020. He is also a director of each of Tech Elite Investments Limited. He served...


CEO Compensation Analysis

Compensation vs Market: Vincent's total compensation ($USD92.37K) is below average for companies of similar size in the Hong Kong market ($USD230.00K).

Compensation vs Earnings: Insufficient data to compare Vincent's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Liang Zhang
Executive Chairman1.83yrsno data74.96%
HK$ 161.9m
Wen-Hsin Tong
CEO & Executive Director1.17yrsHK$716.00kno data
Wan Duo
Executive Director2.5yrsHK$480.00kno data
Chun Sing Chan
Financial Controller1.08yrsno datano data
Lun Kei Kwong
Company Secretary0.58yrno datano data
Yi Liu
Chief Executive Officer of Guangzhou Weaving Communications Telecommunications Technology Limitedno datano datano data

1.2yrs

Average Tenure

38yo

Average Age

Experienced Management: 2203's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Liang Zhang
Executive Chairman1.83yrsno data74.96%
HK$ 161.9m
Wen-Hsin Tong
CEO & Executive Director1.17yrsHK$716.00kno data
Wan Duo
Executive Director2.5yrsHK$480.00kno data
Liang Xu
Independent Non-Executive Director2.42yrsHK$180.00kno data
Xi Chen
Independent Non-Executive Director2.42yrsHK$180.00kno data
Yibo Zhang
Independent Non-Executive Director2.42yrsHK$180.00kno data

2.4yrs

Average Tenure

38yo

Average Age

Experienced Board: 2203's board of directors are not considered experienced ( 2.4 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Brainhole Technology Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Brainhole Technology Limited
  • Ticker: 2203
  • Exchange: SEHK
  • Founded: 2012
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: HK$216.000m
  • Shares outstanding: 800.00m
  • Website: https://www.brainholetechnology.com

Number of Employees


Location

  • Brainhole Technology Limited
  • Billion Plaza II
  • Office A
  • Cheung Sha Wan
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2203SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2015

Biography

Brainhole Technology Limited, an investment holding company, engages in the assembly, packaging, and sale of discrete semiconductors with a primary focus on applications for smart consumer electronic devic...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 10:18
End of Day Share Price2020/11/26 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.