Executive Summary
ITE (Holdings) Limited, an investment holding company, provides smartcard systems, radio frequency identification (RFID) products, and information technology (IT) and related services to the public and private sectors in Hong Kong and Macao. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and good value.
Share Price & News
How has ITE (Holdings)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 8092 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 8092's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
0%
8092
7.5%
HK IT
5.7%
HK Market
1 Year Return
-22.9%
8092
23.0%
HK IT
14.3%
HK Market
Return vs Industry: 8092 underperformed the Hong Kong IT industry which returned 23% over the past year.
Return vs Market: 8092 underperformed the Hong Kong Market which returned 14.3% over the past year.
Shareholder returns
| 8092 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 7.5% | 5.7% |
| 30 Day | -10.0% | 9.2% | 13.6% |
| 90 Day | -3.6% | 17.7% | 19.6% |
| 1 Year | -22.9%-22.9% | 25.4%23.0% | 18.9%14.3% |
| 3 Year | -70.0%-70.0% | -8.0%-12.7% | -2.9%-13.1% |
| 5 Year | -81.8%-81.8% | 48.9%32.8% | 70.9%42.2% |
Long-Term Price Volatility Vs. Market
How volatile is ITE (Holdings)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Here's What We Learned About The CEO Pay At ITE (Holdings) Limited (HKG:8092)1 month ago | Simply Wall St
ITE (Holdings) Limited's (HKG:8092) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?3 months ago | Simply Wall St
Why ITE (Holdings)'s (HKG:8092) CEO Pay MattersValuation
Is ITE (Holdings) 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: 8092 (HK$0.03) is trading below our estimate of fair value (HK$0.95)
Significantly Below Fair Value: 8092 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 8092 is good value based on its PE Ratio (5.8x) compared to the HK IT industry average (13.3x).
PE vs Market: 8092 is good value based on its PE Ratio (5.8x) compared to the Hong Kong market (11.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 8092's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 8092 is overvalued based on its PB Ratio (1.5x) compared to the HK IT industry average (1.1x).
Next Steps
Future Growth
How is ITE (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
36.1%
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 ITE (Holdings) 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 ITE (Holdings) 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.
- ITE (Holdings) 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 ITE (Holdings) performed over the past 5 years?
-3.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 8092 has high quality earnings.
Growing Profit Margin: 8092 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 8092's earnings have declined by 3.8% per year over the past 5 years.
Accelerating Growth: 8092 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 8092 has become profitable in the last year, making it difficult to compare its past year earnings growth to the IT industry (-7.6%).
Return on Equity
High ROE: 8092's Return on Equity (26.1%) is considered high.
Next Steps
Financial Health
How is ITE (Holdings)'s financial position?
Financial Position Analysis
Short Term Liabilities: 8092's short term assets (HK$30.0M) exceed its short term liabilities (HK$15.8M).
Long Term Liabilities: 8092's short term assets (HK$30.0M) exceed its long term liabilities (HK$2.7M).
Debt to Equity History and Analysis
Debt Level: 8092's debt to equity ratio (21.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 8092's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 8092's debt is well covered by operating cash flow (297.5%).
Interest Coverage: 8092's interest payments on its debt are well covered by EBIT (9.5x coverage).
Balance Sheet
Next Steps
Dividend
What is ITE (Holdings) current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 8092's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 8092'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 8092's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 8092's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 8092 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 8092'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?
8.3yrs
Average board tenure
CEO
Vincent Lau (56 yo)
no data
Tenure
HK$1,937,453
Compensation
Mr. Hon Kwong Lau, also known as Vincent, co-founded ITE (Holdings) Limited and serves as its Chairman, Chief Executive Officer and Compliance Officer. Mr. Lau is responsible for overall strategic planning...
CEO Compensation Analysis
Compensation vs Market: Vincent's total compensation ($USD249.94K) is about average for companies of similar size in the Hong Kong market ($USD230.00K).
Compensation vs Earnings: Vincent's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | no data | HK$1.94m | 0.77% HK$ 191.9k | |
| Co-Founder | no data | HK$735.79k | 12.32% HK$ 3.1m | |
| Group CFO & Executive Director | no data | HK$61.50k | no data | |
| Independent Non-Executive Director | 8.25yrs | HK$61.50k | no data | |
| Independent Non-Executive Director | 16.33yrs | HK$61.50k | no data | |
| Independent Non-Executive Director | 0.17yr | no data | no data |
8.3yrs
Average Tenure
56.5yo
Average Age
Experienced Board: 8092's board of directors are considered experienced (8.3 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
ITE (Holdings) Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ITE (Holdings) Limited
- Ticker: 8092
- Exchange: SEHK
- Founded: 1997
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: HK$24.989m
- Shares outstanding: 925.51m
- Website: https://www.hkite.com
Number of Employees
Location
- ITE (Holdings) Limited
- Por Yen Building
- 1st Floor
- Kowloon
- Kowloon
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 8092 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Feb 2001 |
Biography
ITE (Holdings) Limited, an investment holding company, provides smartcard systems, radio frequency identification (RFID) products, and information technology (IT) and related services to the public and pri...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 10:12 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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.