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Computer And Technologies Holdings

SEHK:46
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
46
SEHK
HK$721M
Market Cap
  1. Home
  2. HK
  3. Software
Company description

Computer And Technologies Holdings Limited, an investment holding company, provides information technology (IT) solutions for enterprises and government organizations primarily in Hong Kong and Mainland China. The last earnings update was 129 days ago. More info.


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46 Share Price and Events
7 Day Returns
0%
SEHK:46
2.2%
HK IT
1.6%
HK Market
1 Year Returns
-0.7%
SEHK:46
-28.8%
HK IT
-19%
HK Market
46 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Computer And Technologies Holdings (46) 0% 2.1% -1% -0.7% 12.9% 9.1%
HK IT 2.2% 0.9% 4.6% -28.8% 4.9% 6.1%
HK Market 1.6% 4.5% 3.8% -19% 30.7% 10.1%
1 Year Return vs Industry and Market
  • 46 outperformed the IT industry which returned -28.8% over the past year.
  • 46 outperformed the Market in Hong Kong which returned -19% over the past year.
Price Volatility
46
Industry
5yr Volatility vs Market

46 Value

 Is Computer And Technologies Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Computer And Technologies Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Computer And Technologies Holdings.

SEHK:46 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:46
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 8%
IT Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.942 (1 + (1- 25%) (0%))
0.942
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.942 * 8%)
9.54%

Discounted Cash Flow Calculation for SEHK:46 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Computer And Technologies Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:46 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (HKD, Millions) 87.32 94.06 101.32 109.13 117.55
Source Est @ 7.71% Est @ 7.71% Est @ 7.71% Est @ 7.71% Est @ 7.71%
Present Value
Discounted (@ 9.54%)
79.72 78.39 77.09 75.81 74.54
Present value of next 5 years cash flows HK$385.55
SEHK:46 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= HK$117.55 × (1 + 2%) ÷ (9.54% – 2%)
HK$1,591.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= HK$1,591.46 ÷ (1 + 9.54%)5
HK$1,009.22
SEHK:46 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= HK$385.55 + HK$1,009.22
HK$1,394.78
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$1,394.78 / 249.49
HK$5.59
SEHK:46 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$5.59
Current discount Discount to share price of HK$2.89
= -1 x (HK$2.89 - HK$5.59) / HK$5.59
48.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Computer And Technologies Holdings is available for.
Intrinsic value
48%
Share price is HK$2.89 vs Future cash flow value of HK$5.59
Current Discount Checks
For Computer And Technologies Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Computer And Technologies Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Computer And Technologies Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Computer And Technologies Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Computer And Technologies Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:46 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in HKD HK$0.25
SEHK:46 Share Price ** SEHK (2019-01-18) in HKD HK$2.89
Hong Kong IT Industry PE Ratio Median Figure of 25 Publicly-Listed IT Companies 11.65x
Hong Kong Market PE Ratio Median Figure of 1,480 Publicly-Listed Companies 10.38x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Computer And Technologies Holdings.

SEHK:46 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:46 Share Price ÷ EPS (both in HKD)

= 2.89 ÷ 0.25

11.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Computer And Technologies Holdings is good value based on earnings compared to the HK IT industry average.
  • Computer And Technologies Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Computer And Technologies Holdings's expected growth come at a high price?
Raw Data
SEHK:46 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
5%per year
Hong Kong IT Industry PEG Ratio Median Figure of 7 Publicly-Listed IT Companies 0.58x
Hong Kong Market PEG Ratio Median Figure of 460 Publicly-Listed Companies 0.71x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Computer And Technologies Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Computer And Technologies Holdings's assets?
Raw Data
SEHK:46 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in HKD HK$1.86
SEHK:46 Share Price * SEHK (2019-01-18) in HKD HK$2.89
Hong Kong IT Industry PB Ratio Median Figure of 33 Publicly-Listed IT Companies 1.43x
Hong Kong Market PB Ratio Median Figure of 2,115 Publicly-Listed Companies 0.92x
SEHK:46 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:46 Share Price ÷ Book Value per Share (both in HKD)

= 2.89 ÷ 1.86

1.55x

* Primary Listing of Computer And Technologies Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Computer And Technologies Holdings is overvalued based on assets compared to the HK IT industry average.
X
Value checks
We assess Computer And Technologies Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Computer And Technologies Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

46 Future Performance

 How is Computer And Technologies Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Computer And Technologies Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Computer And Technologies Holdings expected to grow at an attractive rate?
  • Computer And Technologies Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Computer And Technologies Holdings's earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare Computer And Technologies Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:46 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:46 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 5%
Hong Kong IT Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
Hong Kong IT Industry Revenue Growth Rate Market Cap Weighted Average 10.8%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:46 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:46 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-06-30 267 57 62
2018-03-31 260 56 58
2017-12-31 254 55 54
2017-09-30 255 52 52
2017-06-30 256 48 51
2017-03-31 257 41 50
2016-12-31 259 33 50
2016-09-30 246 27 47
2016-06-30 233 22 43
2016-03-31 226 27 44
2015-12-31 219 33 44
2015-09-30 216 38 47

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Computer And Technologies Holdings's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Computer And Technologies Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:46 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Computer And Technologies Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:46 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-06-30 0.25
2018-03-31 0.24
2017-12-31 0.22
2017-09-30 0.22
2017-06-30 0.21
2017-03-31 0.21
2016-12-31 0.21
2016-09-30 0.19
2016-06-30 0.18
2016-03-31 0.18
2015-12-31 0.18
2015-09-30 0.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Computer And Technologies Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Computer And Technologies Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Computer And Technologies Holdings has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

46 Past Performance

  How has Computer And Technologies Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Computer And Technologies Holdings's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Computer And Technologies Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Computer And Technologies Holdings's 1-year earnings growth exceeds its 5-year average (22.1% vs 3.3%)
  • Computer And Technologies Holdings's earnings growth has not exceeded the HK IT industry average in the past year (22.1% vs 31.9%).
Earnings and Revenue History
Computer And Technologies Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Computer And Technologies Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:46 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 266.54 61.71 89.80
2018-03-31 260.23 58.02 89.87
2017-12-31 253.92 54.33 89.95
2017-09-30 255.09 52.43 89.12
2017-06-30 256.27 50.53 88.29
2017-03-31 257.49 50.44 88.48
2016-12-31 258.70 50.34 88.67
2016-09-30 245.82 46.90 82.12
2016-06-30 232.95 43.46 75.56
2016-03-31 226.02 43.78 73.29
2015-12-31 219.09 44.10 71.01
2015-09-30 216.38 46.81 71.04
2015-06-30 213.67 49.51 71.07
2015-03-31 212.22 49.15 70.36
2014-12-31 210.76 48.79 69.65
2014-09-30 205.76 48.80 67.87
2014-06-30 200.76 48.82 66.09
2014-03-31 193.94 48.48 65.82
2013-12-31 187.11 48.15 65.55
2013-09-30 186.81 47.87 67.72
2013-06-30 186.51 47.59 69.90
2013-03-31 196.61 47.30 72.42
2012-12-31 206.71 47.00 74.94
2012-09-30 253.29 47.08 75.63
2012-06-30 299.88 47.16 76.32
2012-03-31 345.55 49.07 76.92

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Computer And Technologies Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Computer And Technologies Holdings used its assets less efficiently than the HK IT industry average last year based on Return on Assets.
  • Computer And Technologies Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Computer And Technologies Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Computer And Technologies Holdings has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

46 Health

 How is Computer And Technologies Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Computer And Technologies Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Computer And Technologies Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Computer And Technologies Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Computer And Technologies Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Computer And Technologies Holdings has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Computer And Technologies Holdings Company Filings, last reported 6 months ago.

SEHK:46 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 450.37 0.00 269.49
2018-03-31 450.37 0.00 269.49
2017-12-31 452.97 0.00 262.21
2017-09-30 452.97 0.00 262.21
2017-06-30 442.23 0.00 222.31
2017-03-31 442.23 0.00 222.31
2016-12-31 441.48 0.00 244.69
2016-09-30 441.48 0.00 244.69
2016-06-30 433.34 0.00 258.13
2016-03-31 433.34 0.00 258.13
2015-12-31 428.62 0.00 344.91
2015-09-30 428.62 0.00 344.91
2015-06-30 426.62 0.00 340.68
2015-03-31 426.62 0.00 340.68
2014-12-31 422.82 0.00 360.07
2014-09-30 422.82 0.00 360.07
2014-06-30 412.82 0.00 323.83
2014-03-31 412.82 0.00 323.83
2013-12-31 412.42 0.00 353.32
2013-09-30 412.42 0.00 353.32
2013-06-30 398.74 0.00 302.57
2013-03-31 398.74 0.00 302.57
2012-12-31 400.25 0.00 296.42
2012-09-30 400.25 0.00 296.42
2012-06-30 389.57 0.00 319.56
2012-03-31 389.57 0.00 319.56
  • Computer And Technologies Holdings has no debt.
  • Computer And Technologies Holdings has not taken on any debt in the past 5 years.
  • Computer And Technologies Holdings has no debt, it does not need to be covered by operating cash flow.
  • Computer And Technologies Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Computer And Technologies Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Computer And Technologies Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

46 Dividends

 What is Computer And Technologies Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.96%
Current annual income from Computer And Technologies Holdings dividends.
If you bought HK$2,000 of Computer And Technologies Holdings shares you are expected to receive HK$159 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Computer And Technologies Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.13%).
  • Computer And Technologies Holdings's dividend is above the markets top 25% of dividend payers in Hong Kong (5.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:46 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong IT Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 918 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:46 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-08-21 0.230 7.922
2018-03-13 0.220 7.546
2017-08-14 0.170 5.935
2017-04-26 0.140 4.619
2017-03-17 0.140 4.344
2016-09-09 0.140 5.112
2016-08-17 0.140 5.065
2016-05-30 0.140 5.404
2015-09-29 0.160 5.873
2015-08-18 0.160 5.893
2015-06-03 0.160 4.883
2014-09-10 0.160 5.878
2014-08-14 0.160 6.072
2014-04-14 0.160 6.532
2013-05-22 0.120 5.973
2012-03-22 0.140 8.022
2011-08-16 0.120 7.777
2011-03-18 0.120 6.485
2010-08-19 0.140 8.071
2010-04-19 0.100 5.595
2010-03-19 0.100 4.933
2009-08-28 0.080 5.700
2009-04-22 0.060 5.568
2009-04-01 0.060 6.551
2009-01-21 0.060 7.073

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Computer And Technologies Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Computer And Technologies Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Computer And Technologies Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Computer And Technologies Holdings has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

46 Management

 What is the CEO of Computer And Technologies Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Derek Cheung
COMPENSATION HK$2,508,000
AGE 54
TENURE AS CEO 2.8 years
CEO Bio

Mr. Wai Lam Cheung, also known as Derek, has been Chief Executive Officer of Computer & Technologies Holdings Ltd. since April 1, 2016. Mr. Cheung served as Deputy Chief Executive Officer of Computer & Technologies Holdings Ltd from December 17, 2013 to April 1, 2016. He served as Head of Development Services business of Computer & Technologies Holdings Ltd. He served as Principal Consultant of Y&A Professional Services Limited and Computer & Technologies Holdings Ltd. He has over 20 years of experience in IT and consulting business ranging from software development to enterprise solutions implementation and is one of the founders of Y&A. Before Y&A, he held various consulting positions in IBM in Hong Kong and Australia. He has been Executive Director of Computer & Technologies Holdings Ltd since December 17, 2013. Mr. Cheung graduated from the Chinese University of Hong Kong with a bachelor's degree in computer science in 1985.

CEO Compensation
  • Derek's compensation has been consistent with company performance over the past year.
  • Derek's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Cheung Ng

TITLE
Founder & Chairman
COMPENSATION
HK$3M
AGE
56

Derek Cheung

TITLE
Chief Executive Officer and Executive Director
COMPENSATION
HK$3M
AGE
54
TENURE
2.8 yrs

Kwok Keung Ng

TITLE
Chief Financial Officer
COMPENSATION
HK$1M
AGE
44
TENURE
2.8 yrs

Sunny Leung

TITLE
Executive Director
COMPENSATION
HK$315K
AGE
57

Steve Yeung

TITLE
Vice President of Corporate Development & Communication
AGE
52
Board of Directors Tenure

Average tenure and age of the Computer And Technologies Holdings board of directors in years:

14.4
Average Tenure
57
Average Age
  • The average tenure for the Computer And Technologies Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Cheung Ng

TITLE
Founder & Chairman
COMPENSATION
HK$3M
AGE
56

Derek Cheung

TITLE
Chief Executive Officer and Executive Director
COMPENSATION
HK$3M
AGE
54
TENURE
5.1 yrs

Kwok Keung Ng

TITLE
Chief Financial Officer
COMPENSATION
HK$1M
AGE
44
TENURE
2.8 yrs

Sunny Leung

TITLE
Executive Director
COMPENSATION
HK$315K
AGE
57

Albert Ha

TITLE
Independent Non-Executive Director
COMPENSATION
HK$150K
AGE
69
TENURE
21 yrs

Matthew Lee

TITLE
Independent Non-Executive Director
COMPENSATION
HK$150K
AGE
58
TENURE
21 yrs

Stephen Ting

TITLE
Independent Non-Executive Director
COMPENSATION
HK$150K
AGE
64
TENURE
14.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Computer And Technologies Holdings insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
02. May 18 Buy David Webb Individual 26. Apr 18 26. Apr 18 36,000 HK$2.91 HK$104,760
11. Jul 18 Buy Chao Lien Technologies Limited Company 11. Jul 18 11. Jul 18 4,614,000 HK$2.86 HK$13,196,047
31. Dec 18 Buy Cheung Ng Individual 27. Dec 18 27. Dec 18 630,000 HK$2.87 HK$1,808,101
23. Oct 18 Buy Cheung Ng Individual 22. Oct 18 22. Oct 18 118,000 HK$2.88 HK$339,840
03. Oct 18 Buy Cheung Ng Individual 02. Oct 18 02. Oct 18 510,000 HK$2.98 HK$1,519,799
11. Jul 18 Buy Cheung Ng Individual 11. Jul 18 11. Jul 18 126,000 HK$2.86 HK$360,360
11. Jul 18 Buy King San Leung Individual 11. Jul 18 11. Jul 18 20,000 HK$2.86 HK$57,200
X
Management checks
We assess Computer And Technologies Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Computer And Technologies Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

46 News

External News
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Simply Wall St News

Does Computer And Technologies Holdings Limited's (HKG:46) 22% Earnings Growth Reflect The Long-Term Trend?

In this article, I will take a look at Computer And Technologies Holdings Limited's (HKG:46) most recent earnings update (30 June 2018) and compare these latest figures against its performance over the past few years, along with how the rest of 46's industry performed. … See our latest analysis for Computer And Technologies Holdings? … 46's trailing twelve-month earnings (from 30 June 2018) of HK$62m has.

Simply Wall St -

Computer And Technologies Holdings Limited (HKG:46): The Return Story

and want to begin learning the link between Computer And Technologies Holdings Limited (HKG:46)’s return fundamentals and stock market performance. … Buying Computer And Technologies Holdings makes you a partial owner of the company. … To understand Computer And Technologies Holdings’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

Is Computer And Technologies Holdings Limited's (HKG:46) CEO Overpaid Relative To Its Peers?

Derek Cheung took the reins as CEO of Computer And Technologies Holdings Limited's (HKG:46) and grew market cap to HK$748.47m recently. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor.

Simply Wall St -

What Do You Get For Owning Computer And Technologies Holdings Limited (HKG:46)?

and looking to gauge the potential return on investment in Computer And Technologies Holdings Limited (HKG:46). … Purchasing Computer And Technologies Holdings gives you an ownership stake in the company. … Thus, to understand how your money can grow by investing in Computer And Technologies Holdings, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Reasons Why I Like Computer And Technologies Holdings Limited (HKG:46)

Looking at the company as a whole, as a potential stock investment, I believe 46 has a lot to offer. … that has been able to sustain great financial health over the past … If you're interested in understanding beyond my high-level commentary,

Simply Wall St -

Was Computer And Technologies Holdings Limited's (HKG:46) Earnings Growth Better Than The Industry's?

After reading Computer And Technologies Holdings Limited's (HKG:46) latest earnings update (31 December 2017), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … See our latest analysis for Computer And Technologies Holdings? … 46's trailing twelve-month earnings (from 31 December 2017) of HK$54.33m has.

Simply Wall St -

April Tech Dividend Stock Picks

SEHK:46 Historical Dividend Yield Apr 7th 18 Computime Group Limited (SEHK:320) 320 has a sumptuous dividend yield of 6.00% and the company has a payout ratio of 45.46%. … SEHK:320 Historical Dividend Yield Apr 7th 18 PC Partner Group Limited (SEHK:1263) 1263 has an alluring dividend yield of 6.15% and distributes 42.11% of its earnings to shareholders as dividends. … SEHK:1263 Historical Dividend Yield Apr 7th 18 For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.

Simply Wall St -

46 Company Info

Map
Description

Computer And Technologies Holdings Limited, an investment holding company, provides information technology (IT) solutions for enterprises and government organizations primarily in Hong Kong and Mainland China. The company operates in three segments: Application Services, Integration and Solutions Services, and Investments. The Application Services segment primarily provides enterprise applications software and related operation outsourcing, business process outsourcing and e-business, and related maintenance services. The Integration and Solutions Services segment sells computer networks and system platforms, and provides system and network integration, IT solutions development and implementation, and related maintenance services. The Investments segment engages in various types of investing activities, such as inter alia; property investment for rental; and treasury investment in securities. The company also provides computer support and programming services; and human resources management services. Computer And Technologies Holdings Limited was founded in 1991 and is headquartered in Hong Kong, Hong Kong.

Details
Name: Computer And Technologies Holdings Limited
46
Exchange: SEHK
Founded: 1991
HK$721,021,429
249,488,384
Website: http://www.ctil.com
Address: Computer And Technologies Holdings Limited
Cyberport 2,
Level 10,
Hong kong,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 46 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 18. May 1998
DB CVB Ordinary Shares Deutsche Boerse AG DE EUR 18. May 1998
Number of employees
Current staff
Staff numbers
331
Computer And Technologies Holdings employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/20 12:34
End of day share price update: 2019/01/18 00:00
Last earnings filing: 2018/09/13
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.