BOE Varitronix
Market Cap
HK$2.1b
Last Updated
2020/11/27 10:31 UTC
Data Sources
Company Financials
Executive Summary
BOE Varitronix Limited, an investment holding company, designs, manufactures, and sells liquid crystal display and related products in the People’s Republic of China, Europe, the United States, South Korea, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with proven track record.
Share Price & News
How has BOE Varitronix's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 710 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: 710's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
-0.4%
710
3.1%
HK Semiconductor
1.1%
HK Market
1 Year Return
30.3%
710
124.3%
HK Semiconductor
8.2%
HK Market
Return vs Industry: 710 underperformed the Hong Kong Semiconductor industry which returned 124.3% over the past year.
Return vs Market: 710 exceeded the Hong Kong Market which returned 8.2% over the past year.
Shareholder returns
| 710 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | 3.1% | 1.1% |
| 30 Day | 0.4% | 8.6% | 7.2% |
| 90 Day | 20.9% | 14.6% | 5.2% |
| 1 Year | 44.9%30.3% | 126.4%124.3% | 12.6%8.2% |
| 3 Year | -43.3%-49.5% | 116.8%109.8% | 0.4%-10.0% |
| 5 Year | -17.6%-45.6% | 182.3%160.0% | 30.6%8.5% |
Long-Term Price Volatility Vs. Market
How volatile is BOE Varitronix's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
What Type Of Shareholders Own The Most Number of BOE Varitronix Limited (HKG:710) Shares?1 month ago | Simply Wall St
BOE Varitronix (HKG:710) Shareholders Received A Total Return Of Negative 23% In The Last Five Years2 months ago | Simply Wall St
Calculating The Fair Value Of BOE Varitronix Limited (HKG:710)Valuation
Is BOE Varitronix 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: 710 (HK$2.84) is trading below our estimate of fair value (HK$21.92)
Significantly Below Fair Value: 710 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 710 is poor value based on its PE Ratio (80.5x) compared to the HK Semiconductor industry average (24.2x).
PE vs Market: 710 is poor value based on its PE Ratio (80.5x) compared to the Hong Kong market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 710's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 710 is good value based on its PB Ratio (0.8x) compared to the HK Semiconductor industry average (1.2x).
Next Steps
Future Growth
How is BOE Varitronix 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 BOE Varitronix 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
- Examine whether BOE Varitronix is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- BOE Varitronix 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 BOE Varitronix performed over the past 5 years?
-66.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 710 has high quality earnings.
Growing Profit Margin: 710's current net profit margins (0.7%) are higher than last year (0.4%).
Past Earnings Growth Analysis
Earnings Trend: 710's earnings have declined by 66.5% per year over the past 5 years.
Accelerating Growth: 710's earnings growth over the past year (85.7%) exceeds its 5-year average (-66.5% per year).
Earnings vs Industry: 710 earnings growth over the past year (85.7%) exceeded the Semiconductor industry 36.4%.
Return on Equity
High ROE: 710's Return on Equity (1%) is considered low.
Next Steps
Financial Health
How is BOE Varitronix's financial position?
Financial Position Analysis
Short Term Liabilities: 710's short term assets (HK$2.9B) exceed its short term liabilities (HK$882.6M).
Long Term Liabilities: 710's short term assets (HK$2.9B) exceed its long term liabilities (HK$16.3M).
Debt to Equity History and Analysis
Debt Level: 710 is debt free.
Reducing Debt: 710 has no debt compared to 5 years ago when its debt to equity ratio was 12.2%.
Debt Coverage: 710 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 710 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is BOE Varitronix current dividend yield, its reliability and sustainability?
0.35%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 710's dividend (0.35%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.25%).
High Dividend: 710's dividend (0.35%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.6%).
Stability and Growth of Payments
Stable Dividend: 710 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.
Growing Dividend: 710 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: 710 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 710'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?
3.3yrs
Average board tenure
CEO
Ning Su (40 yo)
1.83yrs
Tenure
HK$1,984,000
Compensation
Mr. Ning Su has been Chief Executive Officer AT BOE Varitronix Limited since January 1, 2019, serves as Executive Director since April 2016 and was its Co-Chief Executive Officer since April 28, 2016 until...
CEO Compensation Analysis
Compensation vs Market: Ning's total compensation ($USD255.97K) is about average for companies of similar size in the Hong Kong market ($USD295.25K).
Compensation vs Earnings: Ning's compensation has increased by more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 2.17yrs | HK$173.00k | no data | |
| CEO & Executive Director | 1.83yrs | HK$1.98m | no data | |
| Vice Chairlady | 1.83yrs | HK$2.63m | 0.034% HK$ 708.9k | |
| Honorary Chairman | 13.42yrs | no data | no data | |
| Independent Non-Executive Director | 15.67yrs | HK$235.00k | no data | |
| Independent Non-Executive Director | 4.42yrs | HK$235.00k | no data | |
| Independent Non-Executive Director | 4.42yrs | HK$235.00k | no data | |
| Non-Executive Director | 1.58yrs | HK$136.00k | no data | |
| Non-Executive Director | 1.58yrs | HK$136.00k | no data | |
| Non-Executive Director | 1.58yrs | HK$136.00k | no data |
3.3yrs
Average Tenure
51.5yo
Average Age
Experienced Board: 710's board of directors are considered experienced (3.3 years average tenure).
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
BOE Varitronix Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: BOE Varitronix Limited
- Ticker: 710
- Exchange: SEHK
- Founded: 1978
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: HK$2.110b
- Shares outstanding: 735.18m
- Website: https://www.boevx.com
Number of Employees
Location
- BOE Varitronix Limited
- Legend Tower
- 35th Floor
- Kwun Tong
- Kowloon
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VARX.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| 710 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jan 1992 |
| VTX | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
Biography
BOE Varitronix Limited, an investment holding company, designs, manufactures, and sells liquid crystal display and related products in the People’s Republic of China, Europe, the United States, South Korea...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/27 10:31 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.