SEHK:8611

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Mindtell Technology

Executive Summary

Mindtell Technology Limited, an investment holding company, provides information technology (IT) services in Malaysia and Singapore. More Details


Snowflake Analysis

Mediocre balance sheet and overvalued.

Share Price & News

How has Mindtell Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8611 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.3%

8611

-3.5%

HK IT

-0.3%

HK Market


1 Year Return

-47.9%

8611

8.8%

HK IT

0.7%

HK Market

Return vs Industry: 8611 underperformed the Hong Kong IT industry which returned 8.8% over the past year.

Return vs Market: 8611 underperformed the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

8611IndustryMarket
7 Day5.3%-3.5%-0.3%
30 Day16.5%-0.6%0.2%
90 Day-2.9%12.8%0.3%
1 Year-47.9%-47.9%11.1%8.8%4.9%0.7%
3 Yearn/a-10.0%-14.5%-5.8%-16.1%
5 Yearn/a14.1%1.8%14.0%-5.4%

Price Volatility Vs. Market

How volatile is Mindtell Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mindtell Technology undervalued compared to its fair value and its price relative to the market?

0.72x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 8611's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 8611's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8611 is unprofitable, so we can't compare its PE Ratio to the HK IT industry average.

PE vs Market: 8611 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 8611's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8611 is good value based on its PB Ratio (0.7x) compared to the HK IT industry average (1.1x).


Next Steps

Future Growth

How is Mindtell Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

35.3%

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 Mindtell Technology 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

Past Performance

How has Mindtell Technology performed over the past 5 years?

-89.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8611 is currently unprofitable.

Growing Profit Margin: 8611 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 8611 is unprofitable, and losses have increased over the past 5 years at a rate of 89.4% per year.

Accelerating Growth: Unable to compare 8611's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8611 is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (-18.3%).


Return on Equity

High ROE: 8611 has a negative Return on Equity (-19.44%), as it is currently unprofitable.


Next Steps

Financial Health

How is Mindtell Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 8611's short term assets (MYR29.6M) exceed its short term liabilities (MYR7.7M).

Long Term Liabilities: 8611's short term assets (MYR29.6M) exceed its long term liabilities (MYR666.0K).


Debt to Equity History and Analysis

Debt Level: 8611's debt to equity ratio (3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 8611's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 8611's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 8611's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Mindtell Technology current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 8611's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 8611'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 8611's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8611's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8611'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?

2.6yrs

Average board tenure


CEO

Yee-Ping Chong (39 yo)

2.67yrs

Tenure

RM263,000

Compensation

Mr. Yee Ping Chong is Founder, Chairman and Chief Executive Officer of Mindtell Technology Limited.


CEO Compensation Analysis

Compensation vs Market: Yee-Ping's total compensation ($USD63.41K) is below average for companies of similar size in the Hong Kong market ($USD232.26K).

Compensation vs Earnings: Yee-Ping's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Yee-Ping Chong
Founder2.67yrsRM263.00k25.2%
MYR 9.1m
Yan Chee Liu
Compliance Officer & Executive Director2.58yrsRM240.00k14.8%
MYR 5.4m
Chi Su
Independent Non-Executive Director2.08yrsRM68.00kno data
Pang Lam
Non-Executive Director2.58yrsRM175.00k9.8%
MYR 3.6m
Suet Ho
Independent Non-Executive Director2.08yrsRM68.00kno data
Jiin Siah
Non-Executive Director2.67yrsRM143.00k25.2%
MYR 9.1m
San Chan
Independent Non-Executive Director2.08yrsRM68.00kno data

2.6yrs

Average Tenure

49yo

Average Age

Experienced Board: 8611's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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

Mindtell Technology Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mindtell Technology Limited
  • Ticker: 8611
  • Exchange: SEHK
  • Founded: 2006
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: HK$36.270m
  • Shares outstanding: 390.00m
  • Website: https://www.mindtelltech.com

Number of Employees


Location

  • Mindtell Technology Limited
  • B-7-7, Sky Park @ One City
  • Jalan USJ 25/1
  • Subang Jaya
  • Selangor
  • 47650
  • Malaysia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8611SEHK (The Stock Exchange of Hong Kong Ltd.)YesShare CapitalHKHKDOct 2018

Biography

Mindtell Technology Limited, an investment holding company, provides information technology (IT) services in Malaysia and Singapore. It operates through System Integration and Development Services, IT Outs ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 12:52
End of Day Share Price2020/10/21 00:00
Earnings2020/08/31
Annual Earnings2019/11/30


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.