8178 Stock Overview
China Information Technology Development Limited, an investment holding company, provides software development, system integration, and technical support and maintenance services in the People’s Republic of China.
China Information Technology Development Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.14|
|52 Week High||HK$0.44|
|52 Week Low||HK$0.12|
|1 Month Change||-12.50%|
|3 Month Change||-20.00%|
|1 Year Change||-65.00%|
|3 Year Change||-93.79%|
|5 Year Change||-95.58%|
|Change since IPO||-99.88%|
Recent News & Updates
|8178||HK Software||HK Market|
Return vs Industry: 8178 underperformed the Hong Kong Software industry which returned -52% over the past year.
Return vs Market: 8178 underperformed the Hong Kong Market which returned -23.3% over the past year.
|8178 Average Weekly Movement||6.9%|
|Software Industry Average Movement||8.6%|
|Market Average Movement||7.0%|
|10% most volatile stocks in HK Market||13.8%|
|10% least volatile stocks in HK Market||3.3%|
Stable Share Price: 8178 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 8178's weekly volatility has decreased from 13% to 7% over the past year.
About the Company
China Information Technology Development Limited, an investment holding company, provides software development, system integration, and technical support and maintenance services in the People’s Republic of China. The company develops and sells computer software and hardware; and provides IT infrastructure solutions and maintenance, money lending, and securities trading services. It also offers office management services; big data application services; and asset acquisition, management, and consultancy services.
China Information Technology Development Fundamentals Summary
|8178 fundamental statistics|
Is 8178 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|8178 income statement (TTM)|
|Cost of Revenue||HK$35.16m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.18|
|Net Profit Margin||-144.48%|
How did 8178 perform over the long term?See historical performance and comparison
Is 8178 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 8178?
Other financial metrics that can be useful for relative valuation.
|What is 8178's n/a Ratio?|
Price to Sales Ratio vs Peers
How does 8178's PS Ratio compare to its peers?
|8178 PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
1933 OneForce Holdings
1059 Kantone Holdings
8100 GET Holdings
1808 Enterprise Development Holdings
8178 China Information Technology Development
Price-To-Sales vs Peers: 8178 is expensive based on its Price-To-Sales Ratio (1.2x) compared to the peer average (0.8x).
Price to Earnings Ratio vs Industry
How does 8178's PE Ratio compare vs other companies in the HK Software Industry?
Price-To-Sales vs Industry: 8178 is good value based on its Price-To-Sales Ratio (1.2x) compared to the Hong Kong Software industry average (1.3x)
Price to Sales Ratio vs Fair Ratio
What is 8178's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||1.2x|
|Fair PS Ratio||n/a|
Price-To-Sales vs Fair Ratio: Insufficient data to calculate 8178's Price-To-Sales Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 8178 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 8178 (HK$0.14) is trading below our estimate of fair value (HK$0.29)
Significantly Below Fair Value: 8178 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 8178's PEG Ratio to determine if it is good value.
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How is China Information Technology Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 Information Technology Development 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.
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- Examine whether China Information Technology Development 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.
- China Information Technology Development competitive advantages and company strategy can generally be found in its financial reports archived here.
How has China Information Technology Development performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 8178 is currently unprofitable.
Growing Profit Margin: 8178 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 8178 is unprofitable, but has reduced losses over the past 5 years at a rate of 15.2% per year.
Accelerating Growth: Unable to compare 8178's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 8178 is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (-4.2%).
Return on Equity
High ROE: 8178 has a negative Return on Equity (-25.4%), as it is currently unprofitable.
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How is China Information Technology Development's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: 8178's short term assets (HK$93.2M) exceed its short term liabilities (HK$53.1M).
Long Term Liabilities: 8178's short term assets (HK$93.2M) exceed its long term liabilities (HK$80.5M).
Debt to Equity History and Analysis
Debt Level: 8178's net debt to equity ratio (17.3%) is considered satisfactory.
Reducing Debt: 8178's debt to equity ratio has increased from 14.7% to 25.5% 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: Whilst unprofitable 8178 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 8178 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 31.8% per year.
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What is China Information Technology Development current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 8178's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 8178'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 8178's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 8178's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as 8178 has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Daniel Wong (61 yo)
Mr. King Shiu Wong, also known as Daniel, serves as Chairman and Chief Executive Officer at China Information Technology Development Limited since November 25, 2019. He is also the authorized representativ...
CEO Compensation Analysis
Compensation vs Market: Daniel's total compensation ($USD129.69K) is below average for companies of similar size in the Hong Kong market ($USD233.02K).
Compensation vs Earnings: Daniel's compensation has been consistent with company performance over the past year.
Experienced Management: 8178's management team is considered experienced (2.6 years average tenure).
Experienced Board: 8178's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 8178 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 83.7%.
China Information Technology Development Limited's employee growth, exchange listings and data sources
- Name: China Information Technology Development Limited
- Ticker: 8178
- Exchange: SEHK
- Founded: 2001
- Industry: Systems Software
- Sector: Software
- Implied Market Cap: HK$72.060m
- Shares outstanding: 514.71m
- Website: https://www.citd.com.hk
Number of Employees
- China Information Technology Development Limited
- Unit 3308 Millennium City 6
- 33rd Floor
- Kwun Tong
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/27 00:00|
|End of Day Share Price||2022/06/24 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.