SEHK:710

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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


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

710IndustryMarket
7 Day-0.4%3.1%1.1%
30 Day0.4%8.6%7.2%
90 Day20.9%14.6%5.2%
1 Year44.9%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

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

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

NamePositionTenureCompensationOwnership
Wenbao Gao
Chairman2.17yrsHK$173.00kno data
Ning Su
CEO & Executive Director1.83yrsHK$1.98mno data
Wing Yan Ko
Vice Chairlady1.83yrsHK$2.63m0.034%
HK$ 708.9k
Chu Chang
Honorary Chairman13.42yrsno datano data
Ziqiang Hou
Independent Non-Executive Director15.67yrsHK$235.00kno data
Ho Hwa Chu
Independent Non-Executive Director4.42yrsHK$235.00kno data
Yuk Kan Fung
Independent Non-Executive Director4.42yrsHK$235.00kno data
Xibin Shao
Non-Executive Director1.58yrsHK$136.00kno data
Hao Jin
Non-Executive Director1.58yrsHK$136.00kno data
Shujun Zhang
Non-Executive Director1.58yrsHK$136.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VARX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
710SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
VTXDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 10:31
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.