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InvesTech Holdings

SEHK:1087
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1087
SEHK
HK$351M
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

InvesTech Holdings Limited, an investment holding company, engages in the network system integration, professional network services, and mobile software platform businesses. The last earnings update was 27 days ago. More info.


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  • InvesTech Holdings has significant price volatility in the past 3 months.
1087 Share Price and Events
7 Day Returns
8.7%
SEHK:1087
-6.6%
HK Communications
-2.5%
HK Market
1 Year Returns
-16.7%
SEHK:1087
-29.8%
HK Communications
-15.9%
HK Market
1087 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
InvesTech Holdings (1087) 8.7% -7.4% 33% -16.7% -85% -74.7%
HK Communications -6.6% -14.4% -16.1% -29.8% 18.8% -3%
HK Market -2.5% -8.6% -3.6% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 1087 outperformed the Communications industry which returned -29.8% over the past year.
Price Volatility
1087
Industry
5yr Volatility vs Market

1087 Value

 Is InvesTech Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of InvesTech Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for InvesTech Holdings.

SEHK:1087 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:1087
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.082 (1 + (1- 25%) (43.82%))
1.293
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.293 * 5.96%)
9.71%

Discounted Cash Flow Calculation for SEHK:1087 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for InvesTech Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:1087 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.71%)
2019 116.35 Est @ 32.34% 106.06
2020 143.39 Est @ 23.24% 119.13
2021 167.57 Est @ 16.87% 126.90
2022 188.36 Est @ 12.41% 130.02
2023 205.85 Est @ 9.29% 129.52
2024 220.47 Est @ 7.1% 126.44
2025 232.76 Est @ 5.57% 121.67
2026 243.23 Est @ 4.5% 115.90
2027 252.36 Est @ 3.75% 109.61
2028 260.50 Est @ 3.23% 103.13
Present value of next 10 years cash flows CN¥1,188.39
SEHK:1087 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥260.50 × (1 + 2%) ÷ (9.71% – 2%)
CN¥3,448.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥3,448.15 ÷ (1 + 9.71%)10
CN¥1,365.08
SEHK:1087 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥1,188.39 + CN¥1,365.08
CN¥2,553.47
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥2,553.47 / 1,404.00
CN¥1.82
SEHK:1087 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1087)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.82 x 1.135
HK$2.06
Value per share (HKD) From above. HK$2.06
Current discount Discount to share price of HK$0.25
= -1 x (HK$0.25 - HK$2.06) / HK$2.06
87.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price InvesTech Holdings is available for.
Intrinsic value
>50%
Share price is HK$0.25 vs Future cash flow value of HK$2.06
Current Discount Checks
For InvesTech Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • InvesTech Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • InvesTech Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for InvesTech Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are InvesTech Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1087 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-0.04
SEHK:1087 Share Price ** SEHK (2019-05-20) in HKD HK$0.25
SEHK:1087 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.22
Hong Kong Communications Industry PE Ratio Median Figure of 14 Publicly-Listed Communications Companies 11.47x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of InvesTech Holdings.

SEHK:1087 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1087 Share Price ÷ EPS (both in CNY)

= 0.22 ÷ -0.04

-5.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • InvesTech Holdings is loss making, we can't compare its value to the HK Communications industry average.
  • InvesTech Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does InvesTech Holdings's expected growth come at a high price?
Raw Data
SEHK:1087 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Communications Industry PEG Ratio Median Figure of 9 Publicly-Listed Communications Companies 0.83x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for InvesTech Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on InvesTech Holdings's assets?
Raw Data
SEHK:1087 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.81
SEHK:1087 Share Price * SEHK (2019-05-20) in HKD HK$0.25
SEHK:1087 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.22
Hong Kong Communications Industry PB Ratio Median Figure of 25 Publicly-Listed Communications Companies 1.11x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:1087 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1087 Share Price ÷ Book Value per Share (both in CNY)

= 0.22 ÷ 0.81

0.27x

* Primary Listing of InvesTech Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • InvesTech Holdings is good value based on assets compared to the HK Communications industry average.
X
Value checks
We assess InvesTech Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. InvesTech Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1087 Future Performance

 How is InvesTech Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 InvesTech 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.1%
Expected Communications industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is InvesTech Holdings expected to grow at an attractive rate?
  • Unable to compare InvesTech Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare InvesTech Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare InvesTech Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1087 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Communications Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Hong Kong Communications Industry Revenue Growth Rate Market Cap Weighted Average 8.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:1087 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1087 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1087 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 415 89 -46
2018-09-30 455 80 -71
2018-06-30 494 71 -95
2018-03-31 498 64 -95
2017-12-31 502 57 -96
2017-09-30 453 45 -78
2017-06-30 404 33 -61
2017-03-31 378 1 -65
2016-12-31 352 -30 -70
2016-09-30 348 10 -42
2016-06-30 345 51 -14
2016-03-31 593 46 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if InvesTech Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if InvesTech Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:1087 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from InvesTech Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1087 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1087 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -0.04
2018-09-30 -0.06
2018-06-30 -0.09
2018-03-31 -0.10
2017-12-31 -0.10
2017-09-30 -0.09
2017-06-30 -0.07
2017-03-31 -0.08
2016-12-31 -0.09
2016-09-30 -0.05
2016-06-30 -0.02
2016-03-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if InvesTech Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether InvesTech Holdings is trading at InvesTech Holdings'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. InvesTech Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. InvesTech Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess InvesTech Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
InvesTech Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1087 Past Performance

  How has InvesTech Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare InvesTech Holdings's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • InvesTech Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare InvesTech Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare InvesTech Holdings's 1-year growth to the HK Communications industry average as it is not currently profitable.
Earnings and Revenue History
InvesTech Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from InvesTech Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1087 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 414.86 -46.17 70.04
2018-09-30 454.58 -70.61 72.79
2018-06-30 494.29 -95.06 73.93
2018-03-31 498.11 -95.33 78.01
2017-12-31 501.93 -95.61 83.71
2017-09-30 453.14 -78.10 85.97
2017-06-30 404.35 -60.58 88.23
2017-03-31 378.26 -65.09 89.77
2016-12-31 352.17 -69.60 91.31
2016-09-30 348.48 -41.82 80.31
2016-06-30 344.79 -14.05 70.94
2016-03-31 593.16 11.67 58.99
2015-12-31 841.53 37.39 47.04
2015-09-30 1,645.59 36.63 99.22 22.97
2015-06-30 1,392.46 62.62 55.26
2015-03-31 1,393.19 66.24 58.07
2014-12-31 1,393.91 69.85 60.87
2014-06-30 2,054.63 -104.90 166.37 49.05
2014-03-31 2,383.58 -141.08 216.03 70.86
2013-12-31 2,712.53 -177.26 265.68 92.67
2013-06-30 2,661.16 -111.79 251.66 87.13
2013-03-31 2,587.56 -73.73 237.80 85.17
2012-12-31 2,513.96 -35.68 223.93 83.20
2012-09-30 2,334.62 15.07 207.54 79.93
2012-06-30 2,155.28 65.81 191.16 76.67

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if InvesTech Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if InvesTech Holdings has efficiently used its assets last year compared to the HK Communications industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if InvesTech Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess InvesTech Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
InvesTech Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1087 Health

 How is InvesTech Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up InvesTech Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • InvesTech Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • InvesTech Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of InvesTech Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from InvesTech Holdings Company Filings, last reported 4 months ago.

SEHK:1087 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 999.81 135.54 118.53
2018-09-30 999.81 135.54 118.53
2018-06-30 1,017.07 95.72 93.60
2018-03-31 1,017.07 95.72 93.60
2017-12-31 1,042.98 123.56 246.61
2017-09-30 1,042.98 123.56 246.61
2017-06-30 1,073.94 246.48 450.79
2017-03-31 1,073.94 246.48 450.79
2016-12-31 1,054.41 178.75 548.49
2016-09-30 1,054.41 178.75 548.49
2016-06-30 1,011.81 41.13 238.24
2016-03-31 1,011.81 41.13 238.24
2015-12-31 1,047.93 41.28 192.12
2015-09-30 1,047.93 41.28 192.12
2015-06-30 861.26 194.43 226.99
2015-03-31 861.26 194.43 226.99
2014-12-31 855.39 489.42 169.95
2014-06-30 829.85 563.29 77.28
2014-03-31 829.85 563.29 77.28
2013-12-31 795.62 625.21 67.72
2013-06-30 934.81 1,532.02 168.25
2013-03-31 934.81 1,532.02 168.25
2012-12-31 1,462.54 1,065.75 163.83
2012-09-30 1,462.54 1,065.75 163.83
2012-06-30 1,122.04 790.67 138.51
  • InvesTech Holdings's level of debt (13.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (78.5% vs 13.6% today).
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.

  • Whilst loss making InvesTech Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making InvesTech Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -4.9% per year.
X
Financial health checks
We assess InvesTech Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. InvesTech Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1087 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from InvesTech Holdings dividends.
If you bought HK$2,000 of InvesTech Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate InvesTech Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate InvesTech Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:1087 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:1087 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as InvesTech Holdings has not reported any payouts.
  • Unable to verify if InvesTech Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of InvesTech Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as InvesTech Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess InvesTech Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can InvesTech Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. InvesTech Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1087 Management

 What is the CEO of InvesTech Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ringo Chan
COMPENSATION CN¥2,051,000
AGE 59
TENURE AS CEO 2.7 years
CEO Bio

Mr. Chan Sek Keung, also known as Ringo, has been Chief Executive Officer of InvesTech Holdings Limited since September 21, 2016. Mr. Chan serves as the Chairman at Woodstock Management Limited. Mr. Chan has over 30 years of experience in the IT and network industry. He has previously worked for various multi-national corporations such as General Electric Company, Case Communications Limited and Infa Telecom Limited and served in senior executive positions in the Asia Pacific region. He founded MelcoLot Limited in November 1998 and served as Executive Chairman from September 2001 to December 2009; Chairman since 2010 until July 2013. He served as Chairman of the board at Finsoft Financial Investment Holdings Limited. He has been the Chairman of the Board of InvesTech Holdings Limited (also known as HL Technology Group Limited) since February 25, 2016 and its has been Executive Director since September 21, 2016. Mr. Chan served as Non-Executive Director of InvesTech Holdings Limited from December 23, 2015 to September 21, 2016. Mr. Chan has been Director of Luster Wealth Limited and Woodstock Management Limited since November 2012 and March 1997 respectively. He served as Executive Director of MelcoLot Limited. He served as Non-Executive Director of MelcoLot since December 2009. He also served as the Non-Executive Director of Finsoft Financial Investment Holdings Limited. He was a fellow member of The Hong Kong Institute of Directors and is a member of the Chinese People's Political Consultative Conference for Chengdu, Sichuan Province, the People's Republic of China. He has obtained a degree of Bachelor of Science in Engineering from The University of Hong Kong in November 1981.

CEO Compensation
  • Ringo's compensation has increased whilst company is loss making.
  • Ringo's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the InvesTech Holdings management team in years:

2.7
Average Tenure
50
Average Age
  • The tenure for the InvesTech Holdings management team is about average.
Management Team

Ringo Chan

TITLE
Chairman & CEO
COMPENSATION
CN¥2M
AGE
59
TENURE
2.7 yrs

Chengye Lu

TITLE
Vice CEO & Executive Director
COMPENSATION
CN¥872K
AGE
40
TENURE
5.5 yrs

Fang Wang

TITLE
Vice CEO & Executive Director
COMPENSATION
CN¥4M
AGE
50
TENURE
3.4 yrs

Toney Chew

TITLE
Chief Technology Officer
AGE
58

Michael Chew

TITLE
Head of High Speed Interconnect Cable Business and General Manager
AGE
60

Chau Wa Ching

TITLE
Executive Director
AGE
38
TENURE
0.3 yrs

Po Yuen Cheng

TITLE
Company Secretary
AGE
42
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the InvesTech Holdings board of directors in years:

3.3
Average Tenure
50
Average Age
  • The tenure for the InvesTech Holdings board of directors is about average.
Board of Directors

Ringo Chan

TITLE
Chairman & CEO
COMPENSATION
CN¥2M
AGE
59
TENURE
3.3 yrs

Chengye Lu

TITLE
Vice CEO & Executive Director
COMPENSATION
CN¥872K
AGE
40
TENURE
6 yrs

Fang Wang

TITLE
Vice CEO & Executive Director
COMPENSATION
CN¥4M
AGE
50
TENURE
3.4 yrs

Chau Wa Ching

TITLE
Executive Director
AGE
38
TENURE
0.3 yrs

Brian Lu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥88K
AGE
54
TENURE
3.9 yrs

Edmund Wong

TITLE
Independent Non-Executive Director
AGE
33
TENURE
1.9 yrs

Liangkuai Huang

TITLE
Independent Non Executive Director
AGE
76
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
24. Jan 19 Buy Smoothly Global Holdings Limited Company 23. Jan 19 23. Jan 19 7,785,000 HK$0.19 HK$1,477,607
23. Jan 19 Buy Smoothly Global Holdings Limited Company 22. Jan 19 22. Jan 19 9,675,000 HK$0.19 HK$1,799,512
22. Jan 19 Buy Smoothly Global Holdings Limited Company 21. Jan 19 21. Jan 19 45,500,000 HK$0.19 HK$8,645,125
21. Jan 19 Buy Smoothly Global Holdings Limited Company 18. Jan 19 18. Jan 19 15,000 HK$0.17 HK$2,580
X
Management checks
We assess InvesTech Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. InvesTech Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1087 News

Simply Wall St News

Is InvesTech Holdings Limited (HKG:1087) A Financially Sound Company?

Investors are always looking for growth in small-cap stocks like InvesTech Holdings Limited (HKG:1087), with a market cap of HK$407m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

How InvesTech Holdings Limited (HKG:1087) Can Impact Your Portfolio Volatility

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

What Kind Of Risk Should You Expect For InvesTech Holdings Limited (HKG:1087)?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

How Financially Strong Is InvesTech Holdings Limited (HKG:1087)?

InvesTech Holdings Limited (HKG:1087) is a small-cap stock with a market capitalization of HK$327.60m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Companies operating in the Communications industry,

Simply Wall St -

1087 Company Info

Description

InvesTech Holdings Limited, an investment holding company, engages in the network system integration, professional network services, and mobile software platform businesses. The company’s network system integration services comprise enterprise Internet architecture, high-speed IP bearer network architecture, data center and storage program, optical transmission network, wireless coverage program, application delivery program, security interconnection and access monitoring program, and network management program services. Its professional network services include network system life cycle services comprising preparation, planning, design, implementation, operation, maintenance, and optimization services; network planning, design, and project management services; and network system maintenance services that consist of network operation and maintenance, network management and security, network hosting, network evaluation, consultation and performance test, network design and integration services, etc. The company also offers mobile Internet software for office automation; and trades in telecommunications equipment, as well as offers finance leasing and money lending services. It operates in Mainland China, Hong Kong, the United States, and internationally. The company was formerly known as HL Technology Group Limited and changed its name to InvesTech Holdings Limited in June 2016. InvesTech Holdings Limited was founded in 1997 and is headquartered in Beijing, the People’s Republic of China.

Details
Name: InvesTech Holdings Limited
1087
Exchange: SEHK
Founded: 1997
HK$351,000,000
1,404,000,000
Website: http://www.investech-holdings.com
Address: InvesTech Holdings Limited
Oriental Plaza,
Tower E2,
Beijing,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1087 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 16. Nov 2010
DB 9HT Ordinary Shares Deutsche Boerse AG DE EUR 16. Nov 2010
Number of employees
Current staff
Staff numbers
245
InvesTech Holdings employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 12:55
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2017/04/20
Last earnings filing: 2019/04/23
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.