SEHK:522

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ASM Pacific Technology

Market Cap

HK$41.7b

Last Updated

2021/06/13 10:02 UTC

Data Sources

Company Financials +

Executive Summary

ASM Pacific Technology Limited, an investment holding company, engages in the design, manufacture, and marketing of machines, tools, and materials used in the semiconductor and electronics assembly industries worldwide. More Details


Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 522 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 522's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

2.0%

522

5.8%

HK Semiconductor

0.09%

HK Market


1 Year Return

34.3%

522

89.5%

HK Semiconductor

25.9%

HK Market

Return vs Industry: 522 underperformed the Hong Kong Semiconductor industry which returned 88.1% over the past year.

Return vs Market: 522 exceeded the Hong Kong Market which returned 25.7% over the past year.


Shareholder returns

522IndustryMarket
7 Day2.0%5.8%0.09%
30 Day1.0%11.6%3.4%
90 Day4.3%-1.8%-0.4%
1 Year38.0%34.3%91.0%89.5%30.7%25.9%
3 Year4.8%-3.3%159.7%152.2%6.7%-4.6%
5 Year99.9%75.9%295.3%266.5%62.3%34.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

30.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 522 (HK$101.5) is trading below our estimate of fair value (HK$146.94)

Significantly Below Fair Value: 522 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 522 is poor value based on its PE Ratio (36.9x) compared to the Hong Kong Semiconductor industry average (27x).

PE vs Market: 522 is poor value based on its PE Ratio (36.9x) compared to the Hong Kong market (11.7x).


Price to Earnings Growth Ratio

PEG Ratio: 522 is poor value based on its PEG Ratio (4.3x)


Price to Book Ratio

PB vs Industry: 522 is overvalued based on its PB Ratio (3.2x) compared to the HK Semiconductor industry average (2.5x).


Future Growth

How is ASM Pacific Technology forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

8.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 522's forecast earnings growth (8.6% per year) is above the savings rate (1.5%).

Earnings vs Market: 522's earnings (8.6% per year) are forecast to grow slower than the Hong Kong market (19.3% per year).

High Growth Earnings: 522's earnings are forecast to grow, but not significantly.

Revenue vs Market: 522's revenue (8.3% per year) is forecast to grow slower than the Hong Kong market (12.7% per year).

High Growth Revenue: 522's revenue (8.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 522's Return on Equity is forecast to be low in 3 years time (16.2%).


Past Performance

How has ASM Pacific Technology performed over the past 5 years?

-13.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 522 has high quality earnings.

Growing Profit Margin: 522's current net profit margins (7%) are higher than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: 522's earnings have declined by 13.2% per year over the past 5 years.

Accelerating Growth: 522's earnings growth over the past year (111.2%) exceeds its 5-year average (-13.2% per year).

Earnings vs Industry: 522 earnings growth over the past year (111.2%) exceeded the Semiconductor industry -10.3%.


Return on Equity

High ROE: 522's Return on Equity (8.6%) is considered low.


Financial Health

How is ASM Pacific Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 522's short term assets (HK$14.8B) exceed its short term liabilities (HK$5.3B).

Long Term Liabilities: 522's short term assets (HK$14.8B) exceed its long term liabilities (HK$4.6B).


Debt to Equity History and Analysis

Debt Level: 522's debt to equity ratio (23.5%) is considered satisfactory.

Reducing Debt: 522's debt to equity ratio has reduced from 30.4% to 23.5% over the past 5 years.

Debt Coverage: 522's debt is well covered by operating cash flow (86.3%).

Interest Coverage: 522's interest payments on its debt are well covered by EBIT (14.8x coverage).


Balance Sheet


Dividend

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

2.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 522's dividend (2.66%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.86%).

High Dividend: 522's dividend (2.66%) is low compared to the top 25% of dividend payers in the Hong Kong market (5.89%).


Stability and Growth of Payments

Stable Dividend: 522's dividend payments have been volatile in the past 10 years.

Growing Dividend: 522's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (98.2%), 522's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 522's dividends in 3 years are forecast to be covered by earnings (51.2% payout ratio).


Next Steps

Management

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

4.4yrs

Average management tenure


CEO

Robin Gerard Ng (57 yo)

1.08yrs

Tenure

HK$7,689,000

Compensation

Mr. Cher Tat Ng, also known as Robin Gerard, has been Chief Executive Officer at ASM Pacific Technology since May 12, 2020. Mr. Ng served as Chief Financial Officer of ASM Pacific Technology Ltd. since Feb...


CEO Compensation Analysis

Compensation vs Market: Robin Gerard's total compensation ($USD990.79K) is above average for companies of similar size in the Hong Kong market ($USD644.23K).

Compensation vs Earnings: Robin Gerard's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 522's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: 522's board of directors are considered experienced (4.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: 522 insiders have only sold shares 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

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


Key Information

  • Name: ASM Pacific Technology Limited
  • Ticker: 522
  • Exchange: SEHK
  • Founded: 1975
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: HK$41.696b
  • Shares outstanding: 410.80m
  • Website: https://www.asmpacific.com

Number of Employees


Location

  • ASM Pacific Technology Limited
  • 8 Cheung Fai Road
  • 19th Floor
  • Tsing Yi
  • New Territories
  • Hong Kong

Listings


Biography

ASM Pacific Technology Limited, an investment holding company, engages in the design, manufacture, and marketing of machines, tools, and materials used in the semiconductor and electronics assembly industr...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/13 10:02
End of Day Share Price2021/06/11 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.