SEHK:8231

Stock Analysis Report

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Executive Summary

PFC Device Inc., together with its subsidiaries, engages in the research and development, design, manufacture, and sale of power discrete semiconductors under the PFC brand name in China, Hong Kong, Taiwan, and other Asian countries. More Details


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has PFC Device's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8231 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 8231's weekly volatility has decreased from 20% to 9% over the past year.


Market Performance


7 Day Return

11.1%

8231

3.1%

HK Semiconductor

1.1%

HK Market


1 Year Return

-24.5%

8231

124.3%

HK Semiconductor

8.2%

HK Market

Return vs Industry: 8231 underperformed the Hong Kong Semiconductor industry which returned 126.4% over the past year.

Return vs Market: 8231 underperformed the Hong Kong Market which returned 7.6% over the past year.


Shareholder returns

8231IndustryMarket
7 Day11.1%3.1%1.1%
30 Day0%8.6%7.2%
90 Day-2.4%14.6%5.2%
1 Year-24.5%-24.5%126.4%124.3%12.6%8.2%
3 Year-77.8%-77.8%116.8%109.8%0.4%-10.0%
5 Yearn/a182.3%160.0%30.6%8.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is PFC Device 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: 8231 (HK$0.04) is trading below our estimate of fair value (HK$0.38)

Significantly Below Fair Value: 8231 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8231 is good value based on its PE Ratio (14x) compared to the HK Semiconductor industry average (24x).

PE vs Market: 8231 is poor value based on its PE Ratio (14x) compared to the Hong Kong market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8231's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8231 is good value based on its PB Ratio (0.4x) compared to the HK Semiconductor industry average (1.3x).


Next Steps

Future Growth

How is PFC Device 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 PFC Device 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 PFC Device performed over the past 5 years?

-34.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8231 has high quality earnings.

Growing Profit Margin: 8231 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 8231 has become profitable over the past 5 years, growing earnings by -34.4% per year.

Accelerating Growth: 8231 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 8231 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (36.4%).


Return on Equity

High ROE: 8231's Return on Equity (2.8%) is considered low.


Next Steps

Financial Health

How is PFC Device's financial position?


Financial Position Analysis

Short Term Liabilities: 8231's short term assets ($18.5M) exceed its short term liabilities ($3.5M).

Long Term Liabilities: 8231's short term assets ($18.5M) exceed its long term liabilities ($61.0K).


Debt to Equity History and Analysis

Debt Level: 8231 is debt free.

Reducing Debt: 8231 has no debt compared to 5 years ago when its debt to equity ratio was 251.2%.

Debt Coverage: 8231 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 8231 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is PFC Device current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 8231's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 8231'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 8231's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8231'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 8231'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?

4.2yrs

Average board tenure


CEO

James Hong (47 yo)

no data

Tenure

US$182,000

Compensation

Mr. Man-Fai Hong, also known as James, serves as the Chief Executive Officer of PFC Device Inc. and has been its Executive Director since March 21, 2016. Mr. Hong joined PFC Device on November 5, 2007 and ...


CEO Compensation Analysis

Compensation vs Market: James's total compensation ($USD182.00K) is about average for companies of similar size in the Hong Kong market ($USD230.00K).

Compensation vs Earnings: James's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Man-fai Hong
CEO & Executive Directorno dataUS$182.00k0.56%
$ 344.7k
Kai Chiu Chow
Compliance Officer & Executive Director4.67yrsUS$3.00k0.17%
$ 102.7k
Kwok Kee Yung
Chairman of the Board4.17yrsUS$3.00kno data
Che Yin Tang
Non-Executive Director4.67yrsUS$6.00kno data
Yan Hok Fan
Independent Non-Executive Director4.17yrsUS$23.00kno data
Peter Lam
Independent Non-Executive Director4.17yrsUS$23.00kno data
Man Chiu Leung
Independent Non-Executive Director4.17yrsUS$23.00kno data

4.2yrs

Average Tenure

66yo

Average Age

Experienced Board: 8231's board of directors are considered experienced (4.2 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.


Ownership Breakdown

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


Top Shareholders

Company Information

PFC Device Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PFC Device Inc.
  • Ticker: 8231
  • Exchange: SEHK
  • Founded: 2016
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: HK$61.485m
  • Shares outstanding: 1.62b
  • Website: https://www.pfc-device.com

Number of Employees


Location

  • PFC Device Inc.
  • Shell Industrial Building
  • 1st Floor
  • Chai Wan
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8231SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2016

Biography

PFC Device Inc., together with its subsidiaries, engages in the research and development, design, manufacture, and sale of power discrete semiconductors under the PFC brand name in China, Hong Kong, Taiwan...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 10:02
End of Day Share Price2020/11/26 00:00
Earnings2020/09/30
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.