Executive Summary
Maxnerva Technology Services Limited, an investment holding company, operates in the industrial solution, smart office, and new retail businesses in Hong Kong, Mainland China, North America, and other Asian countries. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
Share Price & News
How has Maxnerva Technology Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1037 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: 1037's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.
Market Performance
7 Day Return
9.1%
1037
-3.0%
HK IT
2.2%
HK Market
1 Year Return
27.7%
1037
12.3%
HK IT
7.2%
HK Market
Return vs Industry: 1037 exceeded the Hong Kong IT industry which returned 12.3% over the past year.
Return vs Market: 1037 exceeded the Hong Kong Market which returned 7.2% over the past year.
Shareholder returns
| 1037 | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.1% | -3.0% | 2.2% |
| 30 Day | 20.0% | 5.6% | 8.4% |
| 90 Day | 0% | 10.7% | 15.6% |
| 1 Year | 27.7%27.7% | 14.5%12.3% | 11.4%7.2% |
| 3 Year | -61.3%-61.3% | -10.9%-15.5% | -3.4%-13.5% |
| 5 Year | -77.2%-77.2% | 41.3%26.4% | 65.4%37.4% |
Long-Term Price Volatility Vs. Market
How volatile is Maxnerva Technology Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Maxnerva Technology Services Limited's (HKG:1037) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?1 month ago | Simply Wall St
Is There More Growth In Store For Maxnerva Technology Services' (HKG:1037) Returns On Capital?Valuation
Is Maxnerva Technology Services 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: 1037 (HK$0.6) is trading below our estimate of fair value (HK$23.74)
Significantly Below Fair Value: 1037 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1037 is poor value based on its PE Ratio (21.5x) compared to the HK IT industry average (13.4x).
PE vs Market: 1037 is poor value based on its PE Ratio (21.5x) compared to the Hong Kong market (11.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1037's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1037 is good value based on its PB Ratio (0.9x) compared to the HK IT industry average (1.2x).
Next Steps
Future Growth
How is Maxnerva Technology Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
36.3%
Forecasted Software 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 Maxnerva Technology Services 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
- Examine whether Maxnerva Technology Services is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Maxnerva Technology Services competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
Past Performance
How has Maxnerva Technology Services performed over the past 5 years?
19.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1037 has high quality earnings.
Growing Profit Margin: 1037's current net profit margins (2.8%) are lower than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: 1037's earnings have grown by 19.3% per year over the past 5 years.
Accelerating Growth: 1037's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1037 had negative earnings growth (-44.4%) over the past year, making it difficult to compare to the IT industry average (-7.6%).
Return on Equity
High ROE: 1037's Return on Equity (4.3%) is considered low.
Next Steps
Financial Health
How is Maxnerva Technology Services's financial position?
Financial Position Analysis
Short Term Liabilities: 1037's short term assets (CN¥459.5M) exceed its short term liabilities (CN¥180.5M).
Long Term Liabilities: 1037's short term assets (CN¥459.5M) exceed its long term liabilities (CN¥23.0M).
Debt to Equity History and Analysis
Debt Level: 1037 is debt free.
Reducing Debt: 1037 has no debt compared to 5 years ago when its debt to equity ratio was 13.2%.
Debt Coverage: 1037 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 1037 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Maxnerva Technology Services's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 1037's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 1037'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 1037's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1037's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 1037 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 1037'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?
2.8yrs
Average board tenure
CEO
Liting Cai (45 yo)
1.08yrs
Tenure
Mr. Liting Cai serves as Executive Director and Chief Executive Officer of Maxnerva Technology Services Ltd. since December 19, 2019. Mr. Cai has experience in the electronic, manufacturing and information...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 2.83yrs | no data | 2.81% CN¥ 11.1m | |
| CEO & Executive Director | 1.08yrs | no data | no data | |
| Executive Director | 2.83yrs | CN¥1.20m | no data | |
| Executive Director | 2.83yrs | no data | no data | |
| Independent Non-Executive Director | 5.08yrs | CN¥105.00k | no data | |
| Independent Non-Executive Director | 5.08yrs | CN¥105.00k | no data | |
| Independent Non Executive Director | 0.83yr | no data | no data | |
| Non-Executive Director | 1.83yrs | no data | no data |
2.8yrs
Average Tenure
48yo
Average Age
Experienced Board: 1037's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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
Maxnerva Technology Services Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Maxnerva Technology Services Limited
- Ticker: 1037
- Exchange: SEHK
- Founded: 1994
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: HK$392.918m
- Shares outstanding: 654.86m
- Website: https://www.maxnerva.com
Number of Employees
Location
- Maxnerva Technology Services Limited
- Houston Centre
- Room 1001
- Tsim Sha Tsui East
- Kowloon
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1037 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | May 1994 |
Biography
Maxnerva Technology Services Limited, an investment holding company, operates in the industrial solution, smart office, and new retail businesses in Hong Kong, Mainland China, North America, and other Asia...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/17 10:01 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.