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148

Kingboard HoldingsSEHK:148 Stock Report

Market Cap

HK$40.5b

7D

3.8%

1Y

35.7%

Updated

19 Oct, 2021

Data

Company Financials +
148 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends5/6

148 Overview

Kingboard Holdings Limited, an investment holding company, manufactures and sells laminates and printed circuit boards.

Kingboard Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kingboard Holdings
Historical stock prices
Current Share PriceHK$36.50
52 Week HighHK$25.30
52 Week LowHK$48.00
Beta1.29
1 Month Change0.97%
3 Month Change-12.89%
1 Year Change35.69%
3 Year Change53.04%
5 Year Change53.36%
Change since IPO1,336.07%

Recent News & Updates

Oct 06
Kingboard Holdings' (HKG:148) Shareholders Will Receive A Bigger Dividend Than Last Year

Kingboard Holdings' (HKG:148) Shareholders Will Receive A Bigger Dividend Than Last Year

Kingboard Holdings Limited ( HKG:148 ) has announced that it will be increasing its dividend on the 7th of January to...

Sep 15
Kingboard Holdings (HKG:148) Has Announced That It Will Be Increasing Its Dividend To HK$0.56

Kingboard Holdings (HKG:148) Has Announced That It Will Be Increasing Its Dividend To HK$0.56

Kingboard Holdings Limited ( HKG:148 ) will increase its dividend on the 7th of January to HK$0.56. This will take the...

Sep 01
Kingboard Holdings (HKG:148) Is Increasing Its Dividend To HK$0.56

Kingboard Holdings (HKG:148) Is Increasing Its Dividend To HK$0.56

Kingboard Holdings Limited's ( HKG:148 ) dividend will be increasing to HK$0.56 on 7th of January. This will take the...

Shareholder Returns

148HK ElectronicHK Market
7D3.8%0.8%0.7%
1Y35.7%24.5%5.7%

Return vs Industry: 148 exceeded the Hong Kong Electronic industry which returned 24.5% over the past year.

Return vs Market: 148 exceeded the Hong Kong Market which returned 5.7% over the past year.

Price Volatility

Is 148's price volatile compared to industry and market?
148 volatility
148 Beta1.29
Industry Beta1.01
Market Beta1

Stable Share Price: 148 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 148's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199336,000Wing Yiu Changhttps://www.kingboard.com

Kingboard Holdings Limited, an investment holding company, manufactures and sells laminates and printed circuit boards. The company also offers chemical products, including coke, methanol, benzene, tar, acetic acid, propylene, methyl tert-butyl ether, liquefied petroleum gas, phenol, acetone, bisphenol A, caustic soda, polyvinyl chloride, hydrochloric acid, liquefied chlorine, chlorinated wax, sodium sulfate, formalin, hydrogen peroxide, and tetrabromobisphenol. In addition, it is involved in the manufacture and distribution of magnetic and glass fabric products; property investment and development activities; rental of commercial properties; sales of residential units; and refining and distribution of chemicals.

Kingboard Holdings Fundamentals Summary

How do Kingboard Holdings's earnings and revenue compare to its market cap?
148 fundamental statistics
Market CapHK$40.47b
Earnings (TTM)HK$8.71b
Revenue (TTM)HK$50.29b

4.6x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
148 income statement (TTM)
RevenueHK$50.29b
Cost of RevenueHK$34.37b
Gross ProfitHK$15.92b
ExpensesHK$7.21b
EarningsHK$8.71b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.85
Gross Margin31.65%
Net Profit Margin17.31%
Debt/Equity Ratio27.6%

How did 148 perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

20%

Payout Ratio

Does 148 pay a reliable dividends?

See 148 dividend history and benchmarks
When do you need to buy 148 by to receive an upcoming dividend?
Kingboard Holdings dividend dates
Ex Dividend DateDec 07 2021
Dividend Pay DateJan 07 2022
Days until Ex dividend48 days
Days until Dividend pay date79 days

Does 148 pay a reliable dividends?

See 148 dividend history and benchmarks

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 148 (HK$36.5) is trading below our estimate of fair value (HK$126.26)

Significantly Below Fair Value: 148 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 148 is good value based on its PE Ratio (4.6x) compared to the Hong Kong Electronic industry average (8.8x).

PE vs Market: 148 is good value based on its PE Ratio (4.6x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 148's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 148 is good value based on its PB Ratio (0.7x) compared to the HK Electronic industry average (0.8x).


Future Growth

How is Kingboard Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

13.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 148's forecast earnings growth is above the savings rate (1.5%).

Earnings vs Market: Insufficient data to determine if 148's earnings are forecast to grow faster than the Hong Kong market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 148's revenue (13.5% per year) is forecast to grow faster than the Hong Kong market (12.4% per year).

High Growth Revenue: 148's revenue (13.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 148's Return on Equity is forecast to be low in 3 years time (14.1%).


Past Performance

How has Kingboard Holdings performed over the past 5 years?

1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 148 has high quality earnings.

Growing Profit Margin: 148's current net profit margins (17.3%) are higher than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: 148's earnings have grown by 1.6% per year over the past 5 years.

Accelerating Growth: 148's earnings growth over the past year (221%) exceeds its 5-year average (1.6% per year).

Earnings vs Industry: 148 earnings growth over the past year (221%) exceeded the Electronic industry 50.5%.


Return on Equity

High ROE: 148's Return on Equity (16.1%) is considered low.


Financial Health

How is Kingboard Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 148's short term assets (HK$49.4B) exceed its short term liabilities (HK$29.8B).

Long Term Liabilities: 148's short term assets (HK$49.4B) exceed its long term liabilities (HK$4.0B).


Debt to Equity History and Analysis

Debt Level: 148's debt to equity ratio (27.6%) is considered satisfactory.

Reducing Debt: 148's debt to equity ratio has reduced from 42.8% to 27.6% over the past 5 years.

Debt Coverage: 148's debt is well covered by operating cash flow (55.1%).

Interest Coverage: 148's interest payments on its debt are well covered by EBIT (78.4x coverage).


Balance Sheet


Dividend

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

7.01%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 19 2021Ex Dividend DateDec 07 2021Dividend Pay DateJan 07 202231 days from Ex DividendBuy in the next 48 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 148's dividend (7.01%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).

High Dividend: 148's dividend (7.01%) is in the top 25% of dividend payers in the Hong Kong market (6.77%)


Stability and Growth of Payments

Stable Dividend: 148's dividend payments have been volatile in the past 10 years.

Growing Dividend: 148's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.9%), 148's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 148's dividends in 3 years are forecast to be well covered by earnings (26.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.8yrs

Average management tenure


CEO

Wing Yiu Chang (54 yo)

no data

Tenure

HK$25,279,000

Compensation

Mr. Wing Yiu Chang has been Managing Director of Kingboard Holdings Limited (formerly known as Kingboard Chemical Holdings Limited). since August 1, 2014 and is its Chief Executive. Mr. Chan serves as the...


CEO Compensation Analysis

Compensation vs Market: Wing Yiu's total compensation ($USD3.25M) is above average for companies of similar size in the Hong Kong market ($USD692.76K).

Compensation vs Earnings: Wing Yiu's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 148's management team is seasoned and experienced (10.8 years average tenure).


Board Members

Experienced Board: 148's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 148 insiders have bought more shares than they have sold 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

Kingboard Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Kingboard Holdings Limited
  • Ticker: 148
  • Exchange: SEHK
  • Founded: 1993
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: HK$40.471b
  • Shares outstanding: 1.11b
  • Website: https://www.kingboard.com

Number of Employees


Location

  • Kingboard Holdings Limited
  • Delta House
  • 23rd Floor
  • Sha Tin
  • New Territories
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 15:33
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.