Executive Summary
China e-Wallet Payment Group Limited, an investment holding company, primarily engages in Internet and mobile’s application and related accessories business in Hong Kong and other Asian countries.
Risk Analysis
Earnings have declined by -19.22% per year over past 5 years
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Adequate balance sheet and overvalued.
Share Price & News
How has China e-Wallet Payment Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 802's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0%
802
-2.4%
HK Software
0.2%
HK Market
1 Year Return
-64.3%
802
-2.5%
HK Software
-22.0%
HK Market
Return vs Industry: 802 underperformed the Hong Kong Software industry which returned -2.5% over the past year.
Return vs Market: 802 underperformed the Hong Kong Market which returned -22% over the past year.
Shareholder returns
| 802 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -2.4% | 0.2% |
| 30 Day | -23.8% | -8.2% | -12.4% |
| 90 Day | -29.2% | 16.4% | -16.4% |
| 1 Year | -64.3%-64.3% | -2.2%-2.5% | -19.1%-22.0% |
| 3 Year | -86.7%-86.7% | 28.8%27.4% | -3.7%-13.4% |
| 5 Year | -83.6%-93.0% | -13.0%-17.1% | -15.2%-28.8% |
Price Volatility Vs. Market
How volatile is China e-Wallet Payment Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is China e-Wallet Payment Group (HKG:802) Using Debt In A Risky Way?2 months ago | Simply Wall St
Introducing China e-Wallet Payment Group (HKG:802), The Stock That Tanked 88%4 months ago | Simply Wall St
Is China e-Wallet Payment Group (HKG:802) Using Debt Sensibly?Valuation
Is China e-Wallet Payment Group undervalued compared to its fair value and its price relative to the market?
0.48x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 802's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 802's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 802 is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: 802 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 802's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 802 is good value based on its PB Ratio (0.5x) compared to the HK Software industry average (1x).
Next Steps
Future Growth
How is China e-Wallet Payment Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
46.5%
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 China e-Wallet Payment 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.
Next Steps
- Examine China e-Wallet Payment Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- China e-Wallet Payment Group 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 China e-Wallet Payment Group performed over the past 5 years?
-19.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 802 is currently unprofitable.
Growing Profit Margin: 802 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 802 is unprofitable, and losses have increased over the past 5 years at a rate of -19.2% per year.
Accelerating Growth: Unable to compare 802's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 802 is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (15%).
Return on Equity
High ROE: 802 has a negative Return on Equity (-16.13%), as it is currently unprofitable.
Next Steps
Financial Health
How is China e-Wallet Payment Group's financial position?
Financial Position Analysis
Short Term Liabilities: 802's short term assets (HK$508.9M) exceed its short term liabilities (HK$64.1M).
Long Term Liabilities: 802's short term assets (HK$508.9M) exceed its long term liabilities (HK$6.4M).
Debt to Equity History and Analysis
Debt Level: 802 is debt free.
Reducing Debt: 802 has no debt compared to 5 years ago when its debt to equity ratio was 24.3%.
Balance Sheet
Inventory Level: 802 has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 802's debt is covered by short term assets.
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: Insufficient data to determine if 802 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 802 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is China e-Wallet Payment Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 802's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 802's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 802's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 802's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 802 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 802'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?
4.9yrs
Average management tenure
CEO
Zhongling Wang (36yo)
6.33s
Tenure
HK$240,000
Compensation
Mr. Zhongling Wang has been Chief Executive Officer of RCG Holdings Limited from December 2, 2013. Mr. Wang served as the Deputy General Manager of Shenzhen Giinwin Technology Co. Ltd. since 2008. He has m ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 6.33yrs | HK$240.00k | no data | |
| Executive Director | 8.58yrs | HK$180.00k | no data | |
| Executive Director | 8.58yrs | HK$180.00k | no data | |
| Chief Financial Officer | 6.08yrs | no data | no data | |
| Chief Operating Officer | 3.67yrs | no data | no data | |
| Company Secretary | 3.08yrs | no data | no data | |
| Assistant Company Secretary | no data | no data | no data |
4.9yrs
Average Tenure
42yo
Average Age
Experienced Management: 802's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 6.33yrs | HK$240.00k | no data | |
| Executive Director | 8.58yrs | HK$180.00k | no data | |
| Executive Director | 8.58yrs | HK$180.00k | no data | |
| Independent Non-Executive Director | 7.67yrs | HK$180.00k | no data | |
| Independent Non-Executive Director | 3.58yrs | HK$120.00k | no data | |
| Independent Non-Executive Director | 2.58yrs | HK$120.00k | no data |
7.5yrs
Average Tenure
51.5yo
Average Age
Experienced Board: 802's board of directors are considered experienced (7.5 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
China e-Wallet Payment Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: China e-Wallet Payment Group Limited
- Ticker: 802
- Exchange: SEHK
- Founded: 1999
- Industry: Application Software
- Sector: Software
- Market Cap: HK$219.498m
- Shares outstanding: 2.74b
- Website: https://rcg.todayir.com
Number of Employees
Location
- China e-Wallet Payment Group Limited
- No. 16-3, Jalan PJU 5/4
- Dataran Sunway
- Petaling Jaya
- Selangor
- 47810
- Malaysia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 802 | SEHK (The Stock Exchange of Hong Kong Ltd.) | HKD0.04 | HK | HKD | No data | |
| RGHL.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jul 2004 |
| 802 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jul 2004 |
Biography
China e-Wallet Payment Group Limited, an investment holding company, primarily engages in Internet and mobile’s application and related accessories business in Hong Kong and other Asian countries. The company operates in two segments, Internet and Mobile’s Application and Related Accessories; and Trading of Security & Biometric Products. The Internet and Mobile’s Application and Related Accessories segment operates in the mobile payment platform and gaming industry. It provides application development for merchants; online gaming and utilities applications for mobile platform; and mass advertising services. The Trading of Security and Biometric Products segment offers biometrics and RFID products for consumer applications. It sells its products to distributors, system integrators, and security system providers. The company also invests in financial assets; develops hardware and software products; provides consultancy services; and develops Internet and Web software products, and computer systems. The company was formerly known as RCG Holdings Limited and changed its name to China e-Wallet Payment Group Limited in February 2017. China e-Wallet Payment Group Limited was founded in 1999 and is headquartered in Petaling Jaya, Malaysia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/04 12:52 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| 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.