Board Change • May 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Non-Executive Director Man Fu Ko was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 28
First half 2026 earnings released: EPS: HK$0.006 (vs HK$0.008 in 1H 2025) First half 2026 results: EPS: HK$0.006 (down from HK$0.008 in 1H 2025). Revenue: HK$476.3m (up 8.9% from 1H 2025). Net income: HK$5.07m (down 23% from 1H 2025). Profit margin: 1.1% (down from 1.5% in 1H 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Nov 11
Expert Systems Holdings Limited to Report First Half, 2026 Results on Nov 25, 2025 Expert Systems Holdings Limited announced that they will report first half, 2026 results on Nov 25, 2025 Announcement • Sep 16
Expert Systems Holdings Limited Approves Final Dividend for the Year Ended 31 March 2025 Expert Systems Holdings Limited at its AGM held on 16 September 2025, approved final dividend of 0.75 cent per ordinary share of the Company for the year ended 31 March 2025. Reported Earnings • Jul 27
Full year 2025 earnings released: EPS: HK$0.017 (vs HK$0.019 in FY 2024) Full year 2025 results: EPS: HK$0.017 (down from HK$0.019 in FY 2024). Revenue: HK$900.7m (down 9.1% from FY 2024). Net income: HK$14.0m (down 9.2% from FY 2024). Profit margin: 1.5% (down from 1.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Declared Dividend • Jun 26
Dividend of HK$0.0075 announced Shareholders will receive a dividend of HK$0.0075. Ex-date: 22nd September 2025 Payment date: 9th October 2025 Dividend yield will be 6.9%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 10% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 5.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 25
Expert Systems Holdings Limited announces Annual dividend, payable on October 09, 2025 Expert Systems Holdings Limited announced Annual dividend of HKD 0.0075 per share payable on October 09, 2025, ex-date on September 22, 2025 and record date on September 23, 2025. Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: HK$0.017 (vs HK$0.019 in FY 2024) Full year 2025 results: EPS: HK$0.017 (down from HK$0.019 in FY 2024). Revenue: HK$900.7m (down 9.1% from FY 2024). Net income: HK$14.0m (down 9.2% from FY 2024). Profit margin: 1.5% (down from 1.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 6% per year. Announcement • Jun 24
Expert Systems Holdings Limited, Annual General Meeting, Sep 16, 2025 Expert Systems Holdings Limited, Annual General Meeting, Sep 16, 2025. New Risk • Jun 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Market cap is less than US$100m (HK$87.6m market cap, or US$11.2m). Announcement • Jun 06
Expert Systems Holdings Limited to Report Fiscal Year 2025 Results on Jun 24, 2025 Expert Systems Holdings Limited announced that they will report fiscal year 2025 results on Jun 24, 2025 Board Change • May 07
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Non-Executive Director Man Fu Ko was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Feb 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Non-Executive Director Man Fu Ko was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 30
First half 2025 earnings released: EPS: HK$0.008 (vs HK$0.01 in 1H 2024) First half 2025 results: EPS: HK$0.008 (down from HK$0.01 in 1H 2024). Revenue: HK$437.2m (down 16% from 1H 2024). Net income: HK$6.62m (down 16% from 1H 2024). Profit margin: 1.5% (in line with 1H 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year and the company’s share price has also fallen by 6% per year. Announcement • Nov 08
Expert Systems Holdings Limited to Report First Half, 2025 Results on Nov 26, 2024 Expert Systems Holdings Limited announced that they will report first half, 2025 results on Nov 26, 2024 Announcement • Sep 17
Expert Systems Holdings Limited Approves Final Dividend for the Year Ended 31 March 2024 Expert Systems Holdings Limited, at its AGM held on 17 September 2024, approved a final dividend of HK 0.82 cent per ordinary share of the Company for the year ended 31 March 2024 to be paid out of the share premium account of the Company. Reported Earnings • Aug 05
Full year 2024 earnings released: EPS: HK$0.019 (vs HK$0.024 in FY 2023) Full year 2024 results: EPS: HK$0.019 (down from HK$0.024 in FY 2023). Revenue: HK$991.0m (up 12% from FY 2023). Net income: HK$15.4m (down 22% from FY 2023). Profit margin: 1.6% (down from 2.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year. Declared Dividend • Jun 28
Dividend reduced to HK$0.0082 Dividend of HK$0.0082 is 18% lower than last year. Ex-date: 23rd September 2024 Payment date: 10th October 2024 Dividend yield will be 7.4%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 14% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 7.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: HK$0.019 (vs HK$0.024 in FY 2023) Full year 2024 results: EPS: HK$0.019 (down from HK$0.024 in FY 2023). Revenue: HK$991.0m (up 12% from FY 2023). Net income: HK$15.4m (down 22% from FY 2023). Profit margin: 1.6% (down from 2.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year. Announcement • Jun 08
Expert Systems Holdings Limited to Report Fiscal Year 2024 Results on Jun 25, 2024 Expert Systems Holdings Limited announced that they will report fiscal year 2024 results on Jun 25, 2024 New Risk • May 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (HK$92.4m market cap, or US$11.8m). New Risk • Feb 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$76.3m (US$9.76m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (HK$76.3m market cap, or US$9.76m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Reported Earnings • Nov 15
Second quarter 2024 earnings released: EPS: HK$0.005 (vs HK$0.008 in 2Q 2023) Second quarter 2024 results: EPS: HK$0.005 (down from HK$0.008 in 2Q 2023). Revenue: HK$290.2m (up 26% from 2Q 2023). Net income: HK$4.39m (down 32% from 2Q 2023). Profit margin: 1.5% (down from 2.8% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Announcement • Oct 28
Expert Systems Holdings Limited to Report First Half, 2024 Results on Nov 10, 2023 Expert Systems Holdings Limited announced that they will report first half, 2024 results on Nov 10, 2023 Buying Opportunity • Sep 20
Now 24% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be HK$0.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 5.1%. Announcement • Sep 16
Expert Systems Holdings Limited Approves Final Dividend for the Year Ended 31 March 2023 Expert Systems Holdings Limited at its AGM held on September 15, 2023 approved final dividend of HK1.00 cent per ordinary share of the Company for the year ended 31 March 2023 to be paid out of the share premium account of the Company. Upcoming Dividend • Sep 13
Upcoming dividend of HK$0.01 per share at 8.0% yield Eligible shareholders must have bought the stock before 20 September 2023. Payment date: 10 October 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 8.0%. Within top quartile of Hong Kong dividend payers (7.9%). Higher than average of industry peers (2.4%). Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: HK$0.004 (vs HK$0.006 in 1Q 2023) First quarter 2024 results: EPS: HK$0.004 (down from HK$0.006 in 1Q 2023). Revenue: HK$227.5m (up 25% from 1Q 2023). Net income: HK$3.51m (down 25% from 1Q 2023). Profit margin: 1.5% (down from 2.6% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Announcement • Jul 25
Expert Systems Holdings Limited to Report Q1, 2024 Results on Aug 08, 2023 Expert Systems Holdings Limited announced that they will report Q1, 2024 results on Aug 08, 2023 Announcement • Jun 22
Expert Systems Holdings Limited Proposes Final Dividend for the Year Ended 31 March 2023, Payable on 10 October 2023 Expert Systems Holdings Limited proposed final dividend of HKD 0.01 per share for the year ended March 31, 2022, Ex-dividend date is 20 September 2023, record date is 26 September 2023 and payment date is 10 October 2023. Announcement • Jun 21
Expert Systems Holdings Limited, Annual General Meeting, Sep 15, 2023 Expert Systems Holdings Limited, Annual General Meeting, Sep 15, 2023. Agenda: To consider final dividend. Reported Earnings • Jun 21
Full year 2023 earnings released: EPS: HK$0.025 (vs HK$0.019 in FY 2022) Full year 2023 results: EPS: HK$0.025 (up from HK$0.019 in FY 2022). Revenue: HK$886.5m (up 30% from FY 2022). Net income: HK$19.7m (up 29% from FY 2022). Profit margin: 2.2% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year. Announcement • Jun 03
Expert Systems Holdings Limited to Report Fiscal Year 2023 Results on Jun 20, 2023 Expert Systems Holdings Limited announced that they will report fiscal year 2023 results at 4:00 PM, China Standard Time on Jun 20, 2023 Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: HK$0.007 (vs HK$0.009 in 3Q 2022) Third quarter 2023 results: EPS: HK$0.007 (down from HK$0.009 in 3Q 2022). Revenue: HK$255.6m (up 20% from 3Q 2022). Net income: HK$5.39m (down 28% from 3Q 2022). Profit margin: 2.1% (down from 3.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jan 21
Expert Systems Holdings Limited to Report Nine Months, 2023 Results on Feb 09, 2023 Expert Systems Holdings Limited announced that they will report nine months, 2023 results on Feb 09, 2023 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Steven Au was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: HK$0.008 (vs HK$0.001 in 2Q 2022) Second quarter 2023 results: EPS: HK$0.008 (up from HK$0.001 in 2Q 2022). Revenue: HK$230.3m (up 105% from 2Q 2022). Net income: HK$6.48m (up HK$5.49m from 2Q 2022). Profit margin: 2.8% (up from 0.9% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Nov 01
Expert Systems Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 September 2022 Expert Systems Holdings Limited provided earnings guidance for the six months ended 30 September 2022. For the period, the Group is estimated to record an increase in profit attributable to owners of the Company for the six months ended 30 September 2022 ("Interim FY2023'') of approximately 120% as compared to the six months ended 30 September 2021 ("Interim FY2022''). The increase in profit was primarily attributable to the following reasons: Government grants of approximately HKD 4.7 million were received and recorded in Interim FY2023; and One-off professional fees of approximately HKD 3.1 million in relation to the acquisition of 70% of the issued share capital of ServiceOne International Holdings Limited were recorded in Interim FY2022. Announcement • Oct 25
Expert Systems Holdings Limited to Report First Half, 2023 Results on Nov 08, 2022 Expert Systems Holdings Limited announced that they will report first half, 2023 results on Nov 08, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: HK$0.006 (vs HK$0.005 in 1Q 2022) First quarter 2023 results: EPS: HK$0.006 (up from HK$0.005 in 1Q 2022). Revenue: HK$181.5m (up 57% from 1Q 2022). Net income: HK$4.67m (up 16% from 1Q 2022). Profit margin: 2.6% (down from 3.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jul 23
Expert Systems Holdings Limited to Report Q1, 2023 Results on Aug 09, 2022 Expert Systems Holdings Limited announced that they will report Q1, 2023 results on Aug 09, 2022 Announcement • Jun 30
Expert Systems Holdings Limited, Annual General Meeting, Sep 16, 2022 Expert Systems Holdings Limited, Annual General Meeting, Sep 16, 2022, at 14:30 China Standard Time. Location: at United Conference Centre, 10/F United Centre, 95 Queensway, Admiralty Hong Kong Agenda: To receive, consider and adopt the audited consolidated financial statements of the Company and the reports of the directors of the Company and auditor for the year ended 31 March 2022; to declare a final dividend of HK0.77 cent per ordinary share of the Company for the year ended 31 March 2022 to be paid out of the share premium account of the Company; to re-appoint BDO Limited as auditor of the Company and to authorize the board of the Directors to fix its remuneration; and to consider other matters. Announcement • Jun 28
Expert Systems Holdings Limited Proposes Final Dividend for the Year Ended March 31, 2022, Payable on October 11, 2022 Expert Systems Holdings Limited proposes final dividend of HKD 0.0077 per share for the year ended March 31, 2022, Ex-dividend date is 21 September 2022, record date is 23 September 2022 and payment date is October 11, 2022. Reported Earnings • Jun 26
Full year 2022 earnings released: EPS: HK$0.019 (vs HK$0.027 in FY 2021) Full year 2022 results: EPS: HK$0.019 (down from HK$0.027 in FY 2021). Revenue: HK$682.2m (up 28% from FY 2021). Net income: HK$15.2m (down 30% from FY 2021). Profit margin: 2.2% (down from 4.1% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jun 07
Expert Systems Holdings Limited to Report Fiscal Year 2022 Results on Jun 24, 2022 Expert Systems Holdings Limited announced that they will report fiscal year 2022 results on Jun 24, 2022 Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Steven Au was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: HK$0.009 (up from HK$0.008 in 3Q 2021). Revenue: HK$213.4m (up 56% from 3Q 2021). Net income: HK$7.48m (up 20% from 3Q 2021). Profit margin: 3.5% (down from 4.6% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS HK$0.001 (vs HK$0.007 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: HK$112.5m (down 13% from 2Q 2021). Net income: HK$989.0k (down 83% from 2Q 2021). Profit margin: 0.9% (down from 4.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS HK$0.001 (vs HK$0.007 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: HK$112.5m (down 13% from 2Q 2021). Net income: HK$989.0k (down 83% from 2Q 2021). Profit margin: 0.9% (down from 4.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions Derivative • Sep 28
Board Member exercised options to buy HK$117k worth of stock. On the 23rd of September, Tsz Yan Lau exercised options to buy 800k shares at a strike price of around HK$0.11, costing a total of HK$89k. As of today, Tsz Yan currently holds no shares directly. This was the only transaction from an insider over the last 12 months. Reported Earnings • Aug 10
First quarter 2022 earnings released: EPS HK$0.005 (vs HK$0.005 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: HK$115.8m (down 7.8% from 1Q 2021). Net income: HK$4.03m (up 3.9% from 1Q 2021). Profit margin: 3.5% (up from 3.1% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 20
Full year 2021 earnings released: EPS HK$0.027 (vs HK$0.013 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$533.9m (up 14% from FY 2020). Net income: HK$21.7m (up 103% from FY 2020). Profit margin: 4.1% (up from 2.3% in FY 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • May 08
Expert Systems Holdings Limited Provides Earnings Guidance for the Year Ended 31 March 2021 Expert Systems Holdings Limited provided earnings guidance for the year ended 31 March 2021. For the period, the Group is estimated to record an increase in net profit for the year ended 31 March 2021 (``FY2021'') of approximately 100% as compared to that for the year ended 31 March 2020. The increase in the net profit was primarily attributable to: the increase in revenue and gross profit margin as a result of the increase in demand from the Group's customers for IT infrastructure solutions, and the Group's efforts in obtaining more favorable terms from the Group's suppliers in FY2021. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS HK$0.008 (vs HK$0.003 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: HK$136.8m (up 14% from 3Q 2020). Net income: HK$6.24m (up 162% from 3Q 2020). Profit margin: 4.6% (up from 2.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jan 21
Expert Systems Holdings Limited to Report Nine Months, 2021 Results on Feb 05, 2021 Expert Systems Holdings Limited announced that they will report nine months, 2021 results on Feb 05, 2021 Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS HK$0.007 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: HK$128.8m (up 18% from 2Q 2020). Net income: HK$5.83m (up 141% from 2Q 2020). Profit margin: 4.5% (up from 2.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Jul 23
Expert Systems Holdings Limited to Report Q1, 2021 Results on Aug 11, 2020 Expert Systems Holdings Limited announced that they will report Q1, 2021 results on Aug 11, 2020