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8490

Niche-Tech GroupSEHK:8490 Stock Report

Market Cap

HK$218.7m

7D

0%

1Y

10.7%

Updated

24 Sep, 2021

Data

Company Financials
8490 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

8490 Overview

Niche-Tech Group Limited, an investment holding company develops, manufactures, and sells semiconductor packaging materials in the People’s Republic of China and Hong Kong.

Price History & Performance

Summary of all time highs, changes and price drops for Niche-Tech Group
Historical stock prices
Current Share PriceHK$0.31
52 Week HighHK$0.25
52 Week LowHK$0.47
Beta0.14
1 Month Change1.64%
3 Month Change-1.59%
1 Year Change10.71%
3 Year Change3.33%
5 Year Changen/a
Change since IPO-48.33%

Recent News & Updates

Shareholder Returns

8490HK SemiconductorHK Market
7D0%0.8%-0.9%
1Y10.7%48.6%10.1%

Return vs Industry: 8490 underperformed the Hong Kong Semiconductor industry which returned 48.6% over the past year.

Return vs Market: 8490 matched the Hong Kong Market which returned 10.1% over the past year.

Price Volatility

Is 8490's price volatile compared to industry and market?
8490 volatility
8490 Beta0.14
Industry Beta0.77
Market Beta1

Stable Share Price: 8490 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: 8490's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
2006177n/ahttps://nichetech.com.hk

Niche-Tech Group Limited, an investment holding company develops, manufactures, and sells semiconductor packaging materials in the People’s Republic of China and Hong Kong. It offers copper bonding wires, aluminum silicon bonding wires, heavy aluminum bonding wires, silver alloy bonding wires, palladium- coated copper wires, and gold alloy bonding wires; and encapsulant for LED filament and COB LED. The company also provides epoxy encapsulant products, such as glob top epoxy, LED epoxy encapsulant, and die attach adhesives; and soldering materials.

Niche-Tech Group Fundamentals Summary

How do Niche-Tech Group's earnings and revenue compare to its market cap?
8490 fundamental statistics
Market CapHK$218.71m
Earnings (TTM)-HK$7.21m
Revenue (TTM)HK$224.61m

1.0x

P/S Ratio

-30.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8490 income statement (TTM)
RevenueHK$224.61m
Cost of RevenueHK$177.00m
Gross ProfitHK$47.62m
ExpensesHK$54.82m
Earnings-HK$7.21m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.01
Gross Margin21.20%
Net Profit Margin-3.21%
Debt/Equity Ratio16.9%

How did 8490 perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

-29%

Payout Ratio

Valuation

Is Niche-Tech Group undervalued compared to its fair value and its price relative to the market?

0.92x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 8490 (HK$0.31) is trading above our estimate of fair value (HK$0.09)

Significantly Below Fair Value: 8490 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 8490 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Semiconductor industry average.

PE vs Market: 8490 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8490's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8490 is good value based on its PB Ratio (0.9x) compared to the HK Semiconductor industry average (2.4x).


Future Growth

How is Niche-Tech Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.4%

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 Niche-Tech Group 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 Niche-Tech Group performed over the past 5 years?

-69.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8490 is currently unprofitable.

Growing Profit Margin: 8490 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 8490 is unprofitable, and losses have increased over the past 5 years at a rate of 69.8% per year.

Accelerating Growth: Unable to compare 8490's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8490 is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (52%).


Return on Equity

High ROE: 8490 has a negative Return on Equity (-3.03%), as it is currently unprofitable.


Financial Health

How is Niche-Tech Group's financial position?


Financial Position Analysis

Short Term Liabilities: 8490's short term assets (HK$197.9M) exceed its short term liabilities (HK$66.0M).

Long Term Liabilities: 8490's short term assets (HK$197.9M) exceed its long term liabilities (HK$20.4M).


Debt to Equity History and Analysis

Debt Level: 8490's debt to equity ratio (16.9%) is considered satisfactory.

Reducing Debt: 8490's debt to equity ratio has reduced from 154.9% to 16.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 8490 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 8490 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 20.8% each year


Dividend

What is Niche-Tech Group current dividend yield, its reliability and sustainability?

1.90%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8490's dividend (1.9%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 8490's dividend (1.9%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.77%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 8490's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 8490's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: 8490 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.3yrs

Average board tenure


CEO

Niche-Tech Group has no CEO, or we have no data on them.


Board Members

Experienced Board: 8490'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.


Ownership Breakdown

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


Top Shareholders

Company Information

Niche-Tech Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Niche-Tech Group Limited
  • Ticker: 8490
  • Exchange: SEHK
  • Founded: 2006
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: HK$218.705m
  • Shares outstanding: 705.50m
  • Website: https://nichetech.com.hk

Number of Employees


Location

  • Niche-Tech Group Limited
  • Hong Kong Science Park
  • Unit 208, 2nd Floor
  • Tai Po
  • New Territories
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 10:06
End of Day Share Price2021/09/23 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.