SEHK:1079

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PINE Technology Holdings

Executive Summary

PINE Technology Holdings Limited, an investment holding company, manufactures and sells computer components, and consumer electronic products and other products.


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 1079's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.2%

1079

0.9%

HK Tech

2.7%

HK Market


1 Year Return

-63.3%

1079

10.1%

HK Tech

-6.5%

HK Market

Return vs Industry: 1079 underperformed the Hong Kong Tech industry which returned 10.1% over the past year.

Return vs Market: 1079 underperformed the Hong Kong Market which returned -6.5% over the past year.


Shareholder returns

1079IndustryMarket
7 Day-6.2%0.9%2.7%
30 Day-15.0%16.0%-0.7%
90 Day-33.6%-7.4%-5.3%
1 Year-63.3%-63.3%11.3%10.1%-3.3%-6.5%
3 Year-85.8%-85.8%-45.7%-49.3%-1.6%-11.7%
5 Year-72.4%-72.4%-65.1%-70.7%-11.4%-25.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

46.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1079 (HK$0.09) is trading below our estimate of fair value (HK$0.17)

Significantly Below Fair Value: 1079 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1079 is unprofitable, so we can't compare its PE Ratio to the Tech industry average.

PE vs Market: 1079 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 1079's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1079 is good value based on its PB Ratio (0.5x) compared to the HK Tech industry average (1x).


Next Steps

Future Growth

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

24.3%

Forecasted Tech 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 PINE Technology 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

Past Performance

How has PINE Technology Holdings performed over the past 5 years?

-51.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1079 is currently unprofitable.

Growing Profit Margin: 1079 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1079 is unprofitable, and losses have increased over the past 5 years at a rate of -51.4% per year.

Accelerating Growth: Unable to compare 1079's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1079 is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (-14.1%).


Return on Equity

High ROE: 1079 has a negative Return on Equity (-111.45%), as it is currently unprofitable.


Next Steps

Financial Health

How is PINE Technology Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1079's short term assets ($65.2M) exceed its short term liabilities ($48.0M).

Long Term Liabilities: 1079's short term assets ($65.2M) exceed its long term liabilities ($2.1M).


Debt to Equity History and Analysis

Debt Level: 1079's debt to equity ratio (31.6%) is considered satisfactory.

Reducing Debt: 1079's debt to equity ratio has reduced from 40.6% to 31.6% over the past 5 years.


Balance Sheet


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 1079 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 1079 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.5% per year.


Next Steps

Dividend

What is PINE Technology Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1079's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1079'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 1079's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1079's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1079 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 1079'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?

2.9yrs

Average board tenure


CEO

Sanhuo Zhang (53yo)

2.42yrs

Tenure

US$992,000

Compensation

Mr. Sanhuo Zhang has been Chairman of PINE Technology Holdings Limited since July 4, 2017 and has been its Chief Executive Officer since January 03, 2018. Mr. Zhang has been an Executive Director of PINE  ...


CEO Compensation Analysis

Compensation vs Market: Sanhuo's total compensation ($USD992.00K) is above average for companies of similar size in the Hong Kong market ($USD226.43K).

Compensation vs Earnings: Sanhuo's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Sanhuo Zhang
Chairman & CEO2.42yrsUS$992.00kno data
Hang Tai Chiu
Co-Founder & Executive Directorno dataUS$141.00kno data
Cheuk Ho Chan
Company Secretary & Executive Director3yrsUS$626.00kno data
Hon Cheung So
Independent Non-Executive Director17.75yrsUS$18.00kno data
Chunsheng Zhou
Independent Non-Executive Director2.92yrsUS$18.00kno data
Hong Tian
Independent Non-Executive Director2.92yrsUS$18.00kno data

2.9yrs

Average Tenure

53.5yo

Average Age

Experienced Board: 1079's board of directors are not considered experienced ( 2.9 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: 1079 insiders have only sold shares 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

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


Key Information

  • Name: PINE Technology Holdings Limited
  • Ticker: 1079
  • Exchange: SEHK
  • Founded: 1989
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: HK$128.690m
  • Shares outstanding: 1.33b
  • Website: https://www.pinegroup.com

Number of Employees


Location

  • PINE Technology Holdings Limited
  • Unit 1201
  • 12th Floor
  • North Point
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1079SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 1999
PNYDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1999

Biography

PINE Technology Holdings Limited, an investment holding company, manufactures and sells computer components, and consumer electronic products and other products. It operates through five divisions: Group’s Brand Products, Other Brand Products, Money Lending Service, Trading Business, and Computer Software and Hardware and System Development. The company provides graphic cards; power supply units; and other products, such as cables, video input output adapters, gaming accessories, and apparels, as well as monitor stands and mouse pad technologies. It also offers mobile accessories; and inbound logistics, handling and testing, warehousing and distribution, and value added services. In addition, the company is involved in the trademarks holding business; distribution of computer components, consumer electronics, and other products; and manufacture of electronics and computer digital audio devices, as well as computer software and hardware, and system development activities. Further, it engages in money lending business, as well as the trading of chemical products. The company offers its products under the XFX, Samtack, and AviiQ brands. It has operations in Canada, the United States, Asia, Europe, and internationally. PINE Technology Holdings Limited was founded in 1989 and is headquartered in North Point, Hong Kong. PINE Technology Holdings Limited is a subsidiary of Sage Global Holdings Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 12:37
End of Day Share Price2020/06/02 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.