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Razer

SEHK:1337
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1337
SEHK
HK$15B
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

Razer Inc. designs, develops, and sells gaming hardware, software, and services under the Razer brand for gamers worldwide. The last earnings update was 20 days ago. More info.


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  • Razer has significant price volatility in the past 3 months.
1337 Share Price and Events
7 Day Returns
-8.7%
SEHK:1337
-4.1%
HK Tech
-2.5%
HK Market
1 Year Returns
-33.3%
SEHK:1337
-15.5%
HK Tech
-15.9%
HK Market
1337 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Razer (1337) -8.7% -18% 12% -33.3% - -
HK Tech -4.1% -13.4% -5.3% -15.5% -5.2% -39%
HK Market -2.5% -8.6% -2.1% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 1337 underperformed the Tech industry which returned -15.5% over the past year.
  • 1337 underperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

1337 Value

 Is Razer 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 Razer 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 Razer.

SEHK:1337 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
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:1337
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.039 (1 + (1- 21%) (0%))
1.026
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.026 * 5.96%)
8.12%

Discounted Cash Flow Calculation for SEHK:1337 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Razer 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:1337 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.12%)
2019 66.00 Analyst x1 61.04
2020 41.00 Analyst x1 35.07
2021 27.86 Est @ -32.04% 22.05
2022 21.78 Est @ -21.83% 15.94
2023 18.58 Est @ -14.68% 12.58
2024 16.79 Est @ -9.67% 10.51
2025 15.75 Est @ -6.17% 9.12
2026 15.16 Est @ -3.72% 8.12
2027 14.86 Est @ -2% 7.36
2028 14.74 Est @ -0.8% 6.75
Present value of next 10 years cash flows $188.55
SEHK:1337 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $14.74 × (1 + 2%) ÷ (8.12% – 2%)
$245.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $245.93 ÷ (1 + 8.12%)10
$112.68
SEHK:1337 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $188.55 + $112.68
$301.24
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $301.24 / 8,806.78
$0.03
SEHK:1337 Discount to Share Price
Calculation Result
Exchange Rate USD/HKD
(Reporting currency to currency of SEHK:1337)
7.85
Value per Share
(HKD)
= Value per Share in USD x Exchange Rate (USD/HKD)
= $0.03 x 7.85
HK$0.27
Value per share (HKD) From above. HK$0.27
Current discount Discount to share price of HK$1.68
= -1 x (HK$1.68 - HK$0.27) / HK$0.27
-525.7%

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

  • The current share price of Razer is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Razer's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Razer's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1337 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.01
SEHK:1337 Share Price ** SEHK (2019-05-17) in HKD HK$1.68
SEHK:1337 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.127 $0.21
Hong Kong Tech Industry PE Ratio Median Figure of 12 Publicly-Listed Tech Companies 11.89x
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 Razer.

SEHK:1337 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1337 Share Price ÷ EPS (both in USD)

= 0.21 ÷ -0.01

-18.98x

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

  • Razer is loss making, we can't compare its value to the HK Tech industry average.
  • Razer is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Razer's expected growth come at a high price?
Raw Data
SEHK:1337 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -18.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
78.3%per year
Hong Kong Tech Industry PEG Ratio Median Figure of 5 Publicly-Listed Tech Companies 0.79x
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 Razer, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Razer's assets?
Raw Data
SEHK:1337 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.07
SEHK:1337 Share Price * SEHK (2019-05-17) in HKD HK$1.68
SEHK:1337 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.127 $0.21
Hong Kong Tech Industry PB Ratio Median Figure of 21 Publicly-Listed Tech Companies 0.87x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:1337 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1337 Share Price ÷ Book Value per Share (both in USD)

= 0.21 ÷ 0.07

2.9x

* Primary Listing of Razer.

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

  • Razer is overvalued based on assets compared to the HK Tech industry average.
X
Value checks
We assess Razer'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 Tech 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 Tech industry average (and greater than 0)? (1 check)
  5. Razer has a total score of 0/6, 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.

1337 Future Performance

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

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
78.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Razer expected to grow at an attractive rate?
  • Razer's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Razer's earnings growth is expected to exceed the Hong Kong market average.
  • Razer's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1337 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1337 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 78.3%
SEHK:1337 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 19.4%
Hong Kong Tech Industry Earnings Growth Rate Market Cap Weighted Average 17.1%
Hong Kong Tech Industry Revenue Growth Rate Market Cap Weighted Average 13.6%
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:1337 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1337 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,275 41 1
2020-12-31 1,123 48 -23 3
2019-12-31 920 -29 -57 3
SEHK:1337 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 712 -38 -97
2018-09-30 653 -31 -133
2018-06-30 594 -24 -168
2018-03-31 556 -22 -166
2017-12-31 518 -20 -164
2017-09-30 478 -17 -128
2017-06-30 437 -13 -91
2017-03-31 415 -6 -75
2016-12-31 392 2 -59

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Razer's earnings are expected to grow significantly at over 20% yearly.
  • Razer's revenue is expected to grow by 19.4% yearly, however this is not considered high growth (20% yearly).
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:1337 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 3 Analyst Estimates (S&P Global) See Below

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

SEHK:1337 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.00 0.00 0.00 1.00
2020-12-31 0.00 0.00 0.00 2.00
2019-12-31 0.00 0.00 -0.01 2.00
SEHK:1337 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.02
2018-06-30 -0.02
2018-03-31 -0.03
2017-12-31 -0.03
2017-09-30 -0.02
2017-06-30 -0.02
2017-03-31 -0.02
2016-12-31 -0.01

*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.
  • Razer is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Razer'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.
Razer has a total score of 4/6, 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.

1337 Past Performance

  How has Razer 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 Razer's growth in the last year to its industry (Tech).
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.
  • Razer does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Razer's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Razer's 1-year growth to the HK Tech industry average as it is not currently profitable.
Earnings and Revenue History
Razer'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 Razer Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1337 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 712.44 -96.97 193.38 76.30
2018-09-30 653.30 -132.70 223.81 79.53
2018-06-30 594.15 -168.44 201.95 82.76
2018-03-31 556.04 -166.23 191.64 81.78
2017-12-31 517.94 -164.02 233.63 80.81
2017-09-30 477.68 -127.51 192.75 74.17
2017-06-30 437.42 -91.00 151.87 67.52
2017-03-31 414.76 -75.17 135.73 59.85
2016-12-31 392.10 -59.33 119.60 52.18
2015-12-31 319.71 -20.36 77.46 29.82
2014-12-31 315.25 20.33 59.08 23.64

*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 Razer has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Razer has efficiently used its assets last year compared to the HK Tech industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Razer 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 Razer'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 Tech 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.
Razer 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.

1337 Health

 How is Razer'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 Razer's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Razer is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Razer's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Razer'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 32765.9x 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 Razer Company Filings, last reported 4 months ago.

SEHK:1337 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 661.94 0.03 616.35
2018-09-30 661.94 0.03 616.35
2018-06-30 714.95 0.10 635.30
2018-03-31 714.95 0.10 635.30
2017-12-31 783.38 0.08 741.75
2017-09-30 783.38 0.08 741.75
2017-06-30 197.85 0.13 139.23
2017-03-31 197.85 0.13 139.23
2016-12-31 148.19 0.18 131.66
2015-12-31 79.38 0.15 74.73
2014-12-31 89.04 5.11 84.23
  • Razer's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Razer's debt level has increased without past 5-year debt data.
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.

  • Razer has sufficient cash runway for more than 3 years based on current free cash flow.
  • Razer has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 44.6% each year.
X
Financial health checks
We assess Razer'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. Razer has a total score of 5/6, 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.

1337 Dividends

 What is Razer'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 Razer dividends. Estimated to be 0% next year.
If you bought HK$2,000 of Razer 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 Razer's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Razer'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:1337 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 3 Analyst Estimates (S&P Global) See Below
Hong Kong Tech Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.2%
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:1337 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

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

  • Unable to perform a dividend volatility check as Razer has not reported any payouts.
  • Unable to verify if Razer's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Razer's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Razer has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Razer's dividends in 3 years as they are not expected to pay a notable one for Hong Kong.
X
Income/ dividend checks
We assess Razer'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 Razer afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Razer 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.

1337 Management

 What is the CEO of Razer'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
Min-Liang Tan
COMPENSATION $1,087,000
AGE 40
TENURE AS CEO 12.7 years
CEO Bio

Mr. Min-Liang Tan Co-founded Razer Inc. in 1998 and has been its Chief Executive Officer and Creative Director since September 1, 2006. He is Member of the Global Advisory Council at CyLon Limited since December, 2018. Mr. Tan has been Executive Director of Razer Inc. since June 21, 2017 and its Chairman since June 21, 2017. Mr. Tan directs and oversees the design and development of all Razer products. He serves as Chief Executive Officer at THX Ltd. He has been ‘Top 10 Most Influential Leaders in Tech’ by Juniper Research. Mr. Tan is a trained technology lawyer and worked at one of the intellectual property and technology law firms in Singapore before he founded Razer in 2005. He is the Chairman of zVentures. He holds an LL.B from the National University of Singapore.

CEO Compensation
  • Min-Liang's compensation has been consistent with company performance over the past year.
  • Insufficient data for Min-Liang to establish whether their remuneration is reasonable compared to companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Razer management team in years:

5.9
Average Tenure
48.5
Average Age
  • The average tenure for the Razer management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Min-Liang Tan

TITLE
Co-Founder
COMPENSATION
$1M
AGE
40
TENURE
12.7 yrs

Edwin Chan

TITLE
CFO & Executive Director
COMPENSATION
$4M
AGE
41
TENURE
5.9 yrs

Wei-Pin Choo

TITLE
Senior VP of Corporate Development
AGE
46
TENURE
2.3 yrs

Mike Dilmagani

TITLE
Senior Vice President of Sales & Marketing
AGE
62
TENURE
9.3 yrs

Patricia Liu

TITLE
Executive Director & Chief of Staff
AGE
54
TENURE
1.3 yrs

Wai Chan

TITLE
Joint Company Secretary
AGE
51
Board of Directors Tenure

Average tenure and age of the Razer board of directors in years:

1.8
Average Tenure
54
Average Age
  • The average tenure for the Razer board of directors is less than 3 years, this suggests a new board.
Board of Directors

Edwin Chan

TITLE
CFO & Executive Director
COMPENSATION
$4M
AGE
41
TENURE
1.9 yrs

Patricia Liu

TITLE
Executive Director & Chief of Staff
AGE
54
TENURE
0.2 yrs

Gideon Yu

TITLE
Independent Non-Executive Director
COMPENSATION
$479K
AGE
47
TENURE
1.6 yrs

Min-Liang Tan

TITLE
Co-Founder
COMPENSATION
$1M
AGE
40
TENURE
1.9 yrs

Kevin Chau

TITLE
Independent Non-Executive Director
AGE
57
TENURE
1.6 yrs

Yong Sun Lee

TITLE
Independent Non-Executive Director
AGE
73
TENURE
1.6 yrs

Ed Fries

TITLE
Member of Board of Advisors
TENURE
8.3 yrs

Rahul Sood

TITLE
Member of Board of Advisors

Kaling Lim

TITLE
Non-Executive Director
COMPENSATION
$59K
AGE
55
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Razer'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. Razer 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.

1337 News

Simply Wall St News

Is Razer Inc. (HKG:1337) A Financially Strong Company?

This article will examine 1337’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Don’t forget that this is a general and concentrated examination of Razer's financial health, so you should conduct further analysis. … 1337’s Debt (And Cash Flows)

Simply Wall St -

Introducing Razer (HKG:1337), The Stock That Dropped 40% In The Last Year

But that is minimal compensation for the share price under-performance over the last year. … Razer isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … But if revenue keeps growing, then at a certain point the share price would likely follow.

Simply Wall St -

Are Insiders Selling Razer Inc. (HKG:1337) Stock?

Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock on the market. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … Khaw Joo was the only individual insider to sell shares in the last twelve months

Simply Wall St -

Could The Razer Inc. (HKG:1337) Ownership Structure Tell Us Something Useful?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Razer has a market capitalization of HK$13b, so we would expect some institutional investors to have noticed the stock. … institutional investors have not yet purchased much of the company

Simply Wall St -

Have Insiders Been Selling Razer Inc. (HKG:1337) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Razer Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Razer Insider Transactions Over The Last Year.

Simply Wall St -

Razer Inc's (HKG:1337) Path To Profitability

With the latest financial year loss of -US$164m and a trailing-twelve month of -US$168m, the HK$12.0b market-cap amplifies its loss by moving further away from its breakeven target. … I’ve put together a brief outline of industry analyst expectations for 1337, its year of breakeven and its implied growth rate … View our latest analysis for Razer

Simply Wall St -

An Intrinsic Calculation For Razer Inc (HKG:1337) Shows It's 26.65% Undervalued

by taking the foreast future cash flows of the company and discounting them back to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

When Can We Expect A Profit From Razer Inc (HKG:1337)?

Razer Inc's (HKG:1337):. … designs, develops, and sells gaming hardware, software, and services under the Razer brand for gamers worldwide. … Many investors are wondering the rate at which 1337 will turn a profit, with the big question being “when will the company breakeven?”

Simply Wall St -

Why Razer Inc (HKG:1337) Is A Financially Healthy Company

Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Razer Inc (HKG:1337), with a market cap of HK$19.58b, often get neglected by retail investors. … Let’s take a look at 1337’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further.

Simply Wall St -

Top 3 Growth Stocks For The Month

SEHK:1337 Future Profit Apr 1st 18 Summit Ascent Holdings Limited (SEHK:102) Summit Ascent Holdings Limited, an investment holding company, engages in the operation of hotel and gaming business in the Integrated Entertainment Zone of the Primorye Region in Russian. … SEHK:102 Future Profit Apr 1st 18 Guangdong Land Holdings Limited (SEHK:124) Guangdong Land Holdings Limited, an investment holding company, invests in and develops properties primarily in Mainland China. … SEHK:124 Future Profit Apr 1st 18 For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.

Simply Wall St -

1337 Company Info

Description

Razer Inc. designs, develops, and sells gaming hardware, software, and services under the Razer brand for gamers worldwide. The company operates through four segments: Peripherals, Systems, Software and Services, and Others. It offers gaming peripherals, including high-precision mice, customizable keyboards, audio devices, mouse mats, and gaming console controllers; and systems, such as laptops. The company also provides Razer Synapse, an IoT platform, which allows users to access its software platform; Razer Chroma, a proprietary RGB lighting technology system; and Razer Cortex, an all-in-one game launcher, optimizer, and aggregator, as well as price comparison engine. In addition, it offers zGold, a virtual credits service, which allows gamers to purchase digital content and in-game items; and zSilver loyalty-based reward points. Further, the company provides Razer Phone, a smartphone; and zVentures investment services. It sells its products through a network of distributors and retailers, as well as through stores and online at razerstore.com. The company was founded in 2005 and is headquartered in San Francisco, California.

Details
Name: Razer Inc.
1337
Exchange: SEHK
Founded: 2005
HK$14,795,383,735
8,806,776,033
Website: http://www.razer.com
Address: Razer Inc.
201 3rd Street,
Suite 900,
San Francisco,
California, 94103,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1337 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 13. Nov 2017
OTCPK RAZF.F Ordinary Shares Pink Sheets LLC US USD 13. Nov 2017
BST 5RZ Ordinary Shares Boerse-Stuttgart DE EUR 13. Nov 2017
OTCPK RZZR.Y UNSPONSORD ADR Pink Sheets LLC US USD 18. Jan 2018
Number of employees
Current staff
Staff numbers
1,451
Razer employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 13:14
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/04/29
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.