company background image
8231

PFC DeviceSEHK:8231 Stock Report

Market Cap

HK$86.2m

7D

0%

1Y

-6.6%

Updated

27 Sep, 2021

Data

Company Financials
8231 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends0/6

8231 Overview

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.

Price History & Performance

Summary of all time highs, changes and price drops for PFC Device
Historical stock prices
Current Share PriceHK$0.71
52 Week HighHK$0.64
52 Week LowHK$1.98
Beta1.56
1 Month Change-8.97%
3 Month Change-1.39%
1 Year Change-6.58%
3 Year Change-84.43%
5 Year Changen/a
Change since IPO-98.82%

Recent News & Updates

Aug 18
PFC Device (HKG:8231) Will Be Hoping To Turn Its Returns On Capital Around

PFC Device (HKG:8231) Will Be Hoping To Turn Its Returns On Capital Around

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...

Apr 29
Shareholders May Not Be So Generous With PFC Device Inc.'s (HKG:8231) CEO Compensation And Here's Why

Shareholders May Not Be So Generous With PFC Device Inc.'s (HKG:8231) CEO Compensation And Here's Why

In the past three years, the share price of PFC Device Inc. ( HKG:8231 ) has struggled to grow and now shareholders are...

Mar 09
The Trends At PFC Device (HKG:8231) That You Should Know About

The Trends At PFC Device (HKG:8231) That You Should Know About

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...

Shareholder Returns

8231HK SemiconductorHK Market
7D0%-1.5%-2.4%
1Y-6.6%50.3%9.1%

Return vs Industry: 8231 underperformed the Hong Kong Semiconductor industry which returned 50.3% over the past year.

Return vs Market: 8231 underperformed the Hong Kong Market which returned 9.1% over the past year.

Price Volatility

Is 8231's price volatile compared to industry and market?
8231 volatility
8231 Beta1.56
Industry Beta0.77
Market Beta1

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 (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016139James Honghttps://www.pfc-device.com

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. It offers rectifiers, MOSFETs, IGBTs, bridge rectifiers, and packaging products for general power, consumer, industrial, and automotive applications. The company also provides power supply products; package products for mobile phone charger; and power supply applications for network and communication.

PFC Device Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
8231 income statement (TTM)
RevenueUS$23.42m
Cost of RevenueUS$18.34m
Gross ProfitUS$5.09m
ExpensesUS$4.27m
EarningsUS$822.00k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0068
Gross Margin21.72%
Net Profit Margin3.51%
Debt/Equity Ratio4.5%

How did 8231 perform over the long term?

See historical performance and comparison

Valuation

Is PFC Device undervalued compared to its fair value and its price relative to the market?

13.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 8231's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 8231's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8231 is good value based on its PE Ratio (13.5x) compared to the Hong Kong Semiconductor industry average (24.2x).

PE vs Market: 8231 is poor value based on its PE Ratio (13.5x) compared to the Hong Kong market (9.6x).


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 (0.5x) compared to the HK Semiconductor industry average (2.2x).


Future Growth

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

10.3%

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.


Past Performance

How has PFC Device performed over the past 5 years?

2.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8231 has a high level of non-cash earnings.

Growing Profit Margin: 8231's current net profit margins (3.5%) are higher than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: 8231 has become profitable over the past 5 years, growing earnings by 2% per year.

Accelerating Growth: 8231's earnings growth over the past year (1422.2%) exceeds its 5-year average (2% per year).

Earnings vs Industry: 8231 earnings growth over the past year (1422.2%) exceeded the Semiconductor industry 52%.


Return on Equity

High ROE: 8231's Return on Equity (3.4%) is considered low.


Financial Health

How is PFC Device's financial position?


Financial Position Analysis

Short Term Liabilities: 8231's short term assets ($20.9M) exceed its short term liabilities ($9.2M).

Long Term Liabilities: 8231 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 8231's debt to equity ratio (4.5%) is considered satisfactory.

Reducing Debt: 8231's debt to equity ratio has reduced from 166.8% to 4.5% over the past 5 years.

Debt Coverage: 8231's debt is well covered by operating cash flow (164.7%).

Interest Coverage: 8231 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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?

5.0yrs

Average board tenure


CEO

James Hong (48 yo)

no data

Tenure

US$199,000

Compensation

Mr. Man-fai Hong, also known as James, serves as the Chief Executive Officer of PFC Device Inc and primarily responsible for the overall management and operations and the implementation of the strategic pl...


CEO Compensation Analysis

Compensation vs Market: James's total compensation ($USD199.00K) is about average for companies of similar size in the Hong Kong market ($USD229.36K).

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


Board Members

Experienced Board: 8231's board of directors are considered experienced (5 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 been diluted in the past year, with total shares outstanding growing by 50%.


Top Shareholders

Company Information

PFC Device Inc.'s 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$86.160m
  • Shares outstanding: 121.35m
  • Website: https://www.pfc-device.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 15:47
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
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.