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Plover Bay Technologies

SEHK:1523
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1523
SEHK
HK$1B
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

Plover Bay Technologies Limited, an investment holding company, designs, develops, markets, and sells software defined wide area network (SD-WAN) routers worldwide. The last earnings update was 64 days ago. More info.


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  • Plover Bay Technologies has significant price volatility in the past 3 months.
1523 Share Price and Events
7 Day Returns
-1.8%
SEHK:1523
-5.4%
HK Communications
-1.6%
HK Market
1 Year Returns
-35.7%
SEHK:1523
-31.3%
HK Communications
-16.6%
HK Market
1523 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Plover Bay Technologies (1523) -1.8% -7.6% -6% -35.7% - -
HK Communications -5.4% -16% -17.6% -31.3% 16.8% -7.6%
HK Market -1.6% -9.5% -5.2% -16.6% 24.8% 7.3%
1 Year Return vs Industry and Market
  • 1523 underperformed the Communications industry which returned -31.3% over the past year.
  • 1523 underperformed the Market in Hong Kong which returned -16.6% over the past year.
Price Volatility
1523
Industry
5yr Volatility vs Market

Value

 Is Plover Bay Technologies 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 Plover Bay Technologies 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 Plover Bay Technologies.

SEHK:1523 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.1%
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:1523
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
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%) (0.92%))
1.06
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.06 * 6.65%)
9.05%

Discounted Cash Flow Calculation for SEHK:1523 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Plover Bay Technologies 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:1523 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.05%)
2019 30.02 Est @ 69.17% 27.53
2020 44.73 Est @ 49.02% 37.61
2021 60.35 Est @ 34.91% 46.53
2022 75.46 Est @ 25.04% 53.36
2023 89.14 Est @ 18.13% 57.80
2024 100.99 Est @ 13.29% 60.05
2025 110.99 Est @ 9.91% 60.52
2026 119.35 Est @ 7.53% 59.68
2027 126.37 Est @ 5.87% 57.94
2028 132.32 Est @ 4.71% 55.64
Present value of next 10 years cash flows $516.65
SEHK:1523 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $132.32 × (1 + 2%) ÷ (9.05% – 2%)
$1,915.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,915.14 ÷ (1 + 9.05%)10
$805.23
SEHK:1523 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $516.65 + $805.23
$1,321.88
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,321.88 / 1,030.42
$1.28
SEHK:1523 Discount to Share Price
Calculation Result
Exchange Rate USD/HKD
(Reporting currency to currency of SEHK:1523)
7.85
Value per Share
(HKD)
= Value per Share in USD x Exchange Rate (USD/HKD)
= $1.28 x 7.85
HK$10.07
Value per share (HKD) From above. HK$10.07
Current discount Discount to share price of HK$1.10
= -1 x (HK$1.10 - HK$10.07) / HK$10.07
89.1%

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

Current Discount
Amount off the current price Plover Bay Technologies is available for.
Intrinsic value
>50%
Share price is HK$1.1 vs Future cash flow value of HK$10.07
Current Discount Checks
For Plover Bay Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Plover Bay Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Plover Bay Technologies'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 Plover Bay Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Plover Bay Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1523 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.01
SEHK:1523 Share Price ** SEHK (2019-05-22) in HKD HK$1.1
SEHK:1523 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.127 $0.14
Hong Kong Communications Industry PE Ratio Median Figure of 14 Publicly-Listed Communications Companies 11.73x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 11.06x

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

** Primary Listing of Plover Bay Technologies.

SEHK:1523 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1523 Share Price ÷ EPS (both in USD)

= 0.14 ÷ 0.01

13.46x

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

  • Plover Bay Technologies is overvalued based on earnings compared to the HK Communications industry average.
  • Plover Bay Technologies is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Plover Bay Technologies's expected growth come at a high price?
Raw Data
SEHK:1523 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
Asia Communications Industry PEG Ratio Median Figure of 9 Publicly-Listed Communications Companies 0.82x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.8x

*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 Plover Bay Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Plover Bay Technologies's assets?
Raw Data
SEHK:1523 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.03
SEHK:1523 Share Price * SEHK (2019-05-22) in HKD HK$1.1
SEHK:1523 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.127 $0.14
Hong Kong Communications Industry PB Ratio Median Figure of 25 Publicly-Listed Communications Companies 1.13x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.97x
SEHK:1523 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1523 Share Price ÷ Book Value per Share (both in USD)

= 0.14 ÷ 0.03

4.41x

* Primary Listing of Plover Bay Technologies.

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

  • Plover Bay Technologies is overvalued based on assets compared to the HK Communications industry average.
X
Value checks
We assess Plover Bay Technologies'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. Plover Bay Technologies has a total score of 2/6, 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.

Future Performance

 How is Plover Bay Technologies expected to perform in the next 1 to 3 years based on estimates from 2 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
23.2%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Plover Bay Technologies expected to grow at an attractive rate?
  • Unable to compare Plover Bay Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Plover Bay Technologies's earnings growth to the Hong Kong market average as no estimate data is available.
  • Plover Bay Technologies's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1523 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1523 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 23.2%
Hong Kong Communications Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
Hong Kong Communications Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*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:1523 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1523 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 83 24 1
2020-12-31 67 20 1
2019-12-31 52 15 13 2
SEHK:1523 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 42 19 11
2018-09-30 40 16 10
2018-06-30 39 13 9
2018-03-31 38 8 9
2017-12-31 37 3 9
2017-09-30 36 2 8
2017-06-30 34 2 7
2017-03-31 31 3 6
2016-12-31 28 4 5
2016-09-30 26 5 5
2016-06-30 23 5 5
2016-03-31 23 4 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Plover Bay Technologies is high growth as no earnings estimate data is available.
  • Plover Bay Technologies's revenue is expected to grow significantly at over 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:1523 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 2 Analyst Estimates (S&P Global) See Below

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

SEHK:1523 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
SEHK:1523 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01
2016-09-30 0.01
2016-06-30 0.01
2016-03-31

*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.
  • Plover Bay Technologies is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Plover Bay Technologies'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.
Plover Bay Technologies has a total score of 3/6, 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.

Past Performance

  How has Plover Bay Technologies 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 Plover Bay Technologies'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.
  • Plover Bay Technologies has delivered over 20% year on year earnings growth in the past 5 years.
  • Plover Bay Technologies's 1-year earnings growth is less than its 5-year average (21.3% vs 27.4%)
  • Plover Bay Technologies's earnings growth has exceeded the HK Communications industry average in the past year (21.3% vs 8.5%).
Earnings and Revenue History
Plover Bay Technologies'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 Plover Bay Technologies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1523 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 41.81 10.62 6.92 7.32
2018-09-30 40.44 9.99 6.56 7.38
2018-06-30 39.07 9.36 6.21 7.43
2018-03-31 38.10 9.06 5.90 7.31
2017-12-31 37.13 8.75 5.59 7.19
2017-09-30 35.62 7.66 5.68 6.72
2017-06-30 34.11 6.57 5.77 6.24
2017-03-31 31.24 5.91 5.44 5.62
2016-12-31 28.36 5.24 5.11 4.99
2016-09-30 25.76 5.01 4.51 4.44
2016-06-30 23.16 4.77 3.91 3.89
2016-03-31 22.51 4.07 3.81 3.90
2015-12-31 21.86 3.36 3.71 3.91
2014-12-31 17.95 3.74 2.91 3.97
2013-12-31 13.31 2.57 2.54 3.14

*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.
  • Plover Bay Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Plover Bay Technologies used its assets more efficiently than the HK Communications industry average last year based on Return on Assets.
  • Plover Bay Technologies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Plover Bay Technologies'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.
Plover Bay Technologies has a total score of 4/6, 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.

Health

 How is Plover Bay Technologies'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 Plover Bay Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Plover Bay Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Plover Bay Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Plover Bay Technologies'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 32.1x 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 Plover Bay Technologies Company Filings, last reported 4 months ago.

SEHK:1523 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 32.72 1.31 27.75
2018-09-30 32.72 1.31 27.75
2018-06-30 29.54 1.06 22.23
2018-03-31 29.54 1.06 22.23
2017-12-31 28.75 1.94 17.89
2017-09-30 28.75 1.94 17.89
2017-06-30 26.20 1.11 17.30
2017-03-31 26.20 1.11 17.30
2016-12-31 24.25 0.32 20.11
2016-09-30 24.25 0.32 20.11
2016-06-30 8.90 0.97 6.35
2016-03-31 8.90 0.97 6.35
2015-12-31 7.11 3.03 6.06
2014-12-31 6.60 0.52 3.70
2013-12-31 6.58 0.58 4.13
  • Plover Bay Technologies's level of debt (4%) 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 (8.8% vs 4% today).
  • Debt is well covered by operating cash flow (1492.4%, greater than 20% of total debt).
  • Plover Bay Technologies earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Plover Bay Technologies'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. Plover Bay Technologies 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.

Dividends

 What is Plover Bay Technologies'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
6.62%
Current annual income from Plover Bay Technologies dividends. Estimated to be 9.22% next year.
If you bought HK$2,000 of Plover Bay Technologies shares you are expected to receive HK$132 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?
  • Plover Bay Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Plover Bay Technologies's dividend is above the markets top 25% of dividend payers in Hong Kong (5.8%).
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:1523 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 2 Analyst Estimates (S&P Global) See Below
Hong Kong Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.7%
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 5.8%

Industry and Market average data is calculated daily.

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

SEHK:1523 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.02 1.00
2020-12-31 0.01 1.00
2019-12-31 0.01 1.00
SEHK:1523 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-19 0.009 5.895
2019-02-28 0.009 5.263
2018-03-13 0.009 5.701
2018-02-28 0.009 3.590
2017-08-08 0.007 2.998
2017-08-01 0.007 3.278
2017-03-23 0.005 4.479
2017-02-28 0.005 5.435
2016-08-29 0.004 6.749
2016-08-22 0.004 7.004

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

  • Whilst dividend payments have been stable, Plover Bay Technologies has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Plover Bay Technologies only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Plover Bay Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Plover Bay Technologies'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 Plover Bay Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Plover Bay Technologies has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Plover Bay Technologies'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
Kit Wai Chau
COMPENSATION $247,000
AGE 43
TENURE AS CEO 3.5 years
CEO Bio

Mr. Chau Kit Wai has been Chief Executive Officer and Executive Director at Plover Bay Technologies Limited since November 27, 2015 and has been its General Manager since April 2008. Mr. Chau joined Plover Bay Technologies in October 2007, as a manager of product management and marketing. He is responsible for product development and managing and implementing sales and marketing strategies of Plover Bay Technologies. Mr. Chau has over 18 years of experience in sales and marketing in information technology industry. Before joining Plover Bay Technologies, Mr. Chau joined Unitech Computer Systems Limited, a company principally engaged in the design and implementation of Internet computer and networking systems and provision of related services, as a system engineer from June 1996, was promoted to network consultant in January 1998 for IP/network solutions design for ISPs and telecom customers and then was transferred to the software development group as product manager in April 1999 for product management and marketing of in-house developed software products. He was later promoted as consultant in sales development in July 2002 and was responsible for sales and marketing of the products. Mr. Chau joined Cyber Express Communication Limited, a company which provides Internet access services through broadband connections, leased line, ISDN, 56K dialup and virtual hosting service and professional homepage design, as a business development manager from October 2003 and Unitech Computer Systems Limited as product manager from November 2004 to September 2007. Mr. Chau graduated with a Bachelor of Science degree from The Chinese University of Hong Kong in December 1996 and obtained a degree of master of business administration at The Hong Kong University of Science and Technology in November 2006.

CEO Compensation
  • Kit Wai's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kit Wai's remuneration is about average for companies of similar size in Hong Kong.
Management Team

Alex Chan

TITLE
Chairman of the Board
COMPENSATION
$532K
AGE
51

Kit Wai Chau

TITLE
CEO & Executive Director
COMPENSATION
$247K
AGE
43
TENURE
3.5 yrs

Kenneth Yip

TITLE
Company Secretary & Executive Director
COMPENSATION
$201K
AGE
43

Ming Pui Chong

TITLE
Executive Director
COMPENSATION
$247K
AGE
41

Yu Yeung

TITLE
Executive Director
COMPENSATION
$247K
AGE
42

Shun Ng

TITLE
Financial Controller
AGE
41

Joseph Yip

TITLE
General Manager of Business Development
AGE
56
Board of Directors Tenure

Average tenure and age of the Plover Bay Technologies board of directors in years:

3.5
Average Tenure
43.5
Average Age
  • The tenure for the Plover Bay Technologies board of directors is about average.
Board of Directors

Alex Chan

TITLE
Chairman of the Board
COMPENSATION
$532K
AGE
51
TENURE
3.5 yrs

Kit Wai Chau

TITLE
CEO & Executive Director
COMPENSATION
$247K
AGE
43
TENURE
3.5 yrs

Kenneth Yip

TITLE
Company Secretary & Executive Director
COMPENSATION
$201K
AGE
43
TENURE
3.5 yrs

Ming Pui Chong

TITLE
Executive Director
COMPENSATION
$247K
AGE
41
TENURE
3.5 yrs

Yu Yeung

TITLE
Executive Director
COMPENSATION
$247K
AGE
42
TENURE
3.5 yrs

Wilson Wan

TITLE
Independent Non-Executive Director
COMPENSATION
$15K
AGE
44
TENURE
2.9 yrs

Kin Tim Yu

TITLE
Independent Non-Executive Director
COMPENSATION
$15K
AGE
60
TENURE
2.9 yrs

Chi Lam Ho

TITLE
Independent Non-Executive Director
COMPENSATION
$15K
AGE
59
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Plover Bay Technologies'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. Plover Bay Technologies 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.

News

Simply Wall St News

A Look At Plover Bay Technologies Limited's (HKG:1523) Exceptional Fundamentals

SEHK:1523 Income Statement, May 21st 2019 1523 is considered one of the top dividend payers in the market, and it has also been able to maintain it at a level in which net income is able to cover dividend payments. … SEHK:1523 Historical Dividend Yield, May 21st 2019 Next Steps: For Plover Bay Technologies, I've compiled three relevant aspects you should further examine: Future Outlook: What are well-informed industry analysts predicting for 1523’s future growth? … The intrinsic value infographic in our free research report helps visualize whether 1523 is currently mispriced by the market.

Simply Wall St -

A Close Look At Plover Bay Technologies Limited’s (HKG:1523) 34% ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

How Much Of Plover Bay Technologies Limited (HKG:1523) Do Insiders Own?

If you want to know who really controls Plover Bay Technologies Limited (HKG:1523), then you'll have to look at the makeup of its share registry. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Plover Bay Technologies is not a large company by global standards.

Simply Wall St -

Why Plover Bay Technologies Limited (HKG:1523) Looks Like A Quality Company

This article is for those who would like to learn about Return On Equity (ROE). … Another way to think of that is that for every HK$1 worth of equity in the company, it was able to earn HK$0.32. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Plover Bay Technologies Limited (HKG:1523) Potentially Undervalued?

As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Is there still an opportunity here to buy. … Today I will analyse the most recent data on Plover Bay Technologies’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Plover Bay Technologies Limited's (HKG:1523) Earnings Grew 21%, Did It Beat Long-Term Trend?

Assessing Plover Bay Technologies Limited's (HKG:1523) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how Plover Bay Technologies is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its communications industry peers. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 27%, indicating the rate at which 1523 is growing has slowed down

Simply Wall St -

Despite Its High P/E Ratio, Is Plover Bay Technologies Limited (HKG:1523) Still Undervalued?

Plover Bay Technologies has a P/E ratio of 17.62, based on the last twelve months. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 17.62 = $0.18 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.010

Simply Wall St -

Before You Buy Plover Bay Technologies Limited (HKG:1523), Consider Its Volatility

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

These Factors Make Plover Bay Technologies Limited (HKG:1523) An Interesting Investment

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Plover Bay Technologies Limited (HKG:1523) due to its excellent fundamentals in more than one area.

Simply Wall St -

Could Plover Bay Technologies Limited's (HKG:1523) Investor Composition Influence The Stock Price?

The big shareholder groups in Plover Bay Technologies Limited (HKG:1523) have power over the company. … Plover Bay Technologies is not a large company by global standards. … institutional investors have not yet purchased much of the company

Simply Wall St -

Company Info

Description

Plover Bay Technologies Limited, an investment holding company, designs, develops, markets, and sells software defined wide area network (SD-WAN) routers worldwide. It also provides software licences, and warranty and support services. The company markets and sells its products under the Peplink and Pepwave brands through a network of approximately 500 third party distributors, resellers, and system integrators. In addition, it is involved in property holding activities. The company serves public safety, retail, transportation, maritime, healthcare, machine-to-machine, education, hospitality, utilities/construction, and broadcasting markets. Plover Bay Technologies Limited was founded in 2006 and is headquartered in Lai Chi Kok, Hong Kong.

Details
Name: Plover Bay Technologies Limited
1523
Exchange: SEHK
Founded: 2006
HK$1,112,849,280
1,030,416,000
Website: http://www.ploverbay.com
Address: Plover Bay Technologies Limited
Dragon Industrial Building,
Unit B, 5th Floor,
Lai Chi Kok,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1523 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 13. Jul 2016
Number of employees
Current staff
Staff numbers
123
Plover Bay Technologies employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 13:03
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/03/01
Last earnings filing: 2019/03/19
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.