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
|Historical stock prices|
|Current Share Price||HK$0.31|
|52 Week High||HK$0.25|
|52 Week Low||HK$0.47|
|1 Month Change||1.64%|
|3 Month Change||-1.59%|
|1 Year Change||10.71%|
|3 Year Change||3.33%|
|5 Year Change||n/a|
|Change since IPO||-48.33%|
Recent News & Updates
|8490||HK Semiconductor||HK Market|
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.
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
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
|8490 fundamental statistics|
Is 8490 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|8490 income statement (TTM)|
|Cost of Revenue||HK$177.00m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.01|
|Net Profit Margin||-3.21%|
How did 8490 perform over the long term?See historical performance and comparison
1.9%Current Dividend Yield
Is Niche-Tech Group undervalued compared to its fair value and its price relative to the market?
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).
How is Niche-Tech Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Niche-Tech Group performed over the past 5 years?
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.
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.
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
What is Niche-Tech Group current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Niche-Tech Group has no CEO, or we have no data on them.
Experienced Board: 8490's board of directors are considered experienced (3.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Niche-Tech Group Limited's employee growth, exchange listings and data sources
- 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
- Niche-Tech Group Limited
- Hong Kong Science Park
- Unit 208, 2nd Floor
- Tai Po
- New Territories
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/24 10:06|
|End of Day Share Price||2021/09/23 00:00|
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.