Executive Summary
Plover Bay Technologies Limited, an investment holding company, designs, develops, markets, and sells software defined wide area network (SD-WAN) routers worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and good value.
Share Price & News
How has Plover Bay Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1523 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 1523's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
2.3%
1523
3.6%
HK Communications
-0.5%
HK Market
1 Year Return
-16.7%
1523
41.6%
HK Communications
7.6%
HK Market
Return vs Industry: 1523 underperformed the Hong Kong Communications industry which returned 41.6% over the past year.
Return vs Market: 1523 underperformed the Hong Kong Market which returned 7.6% over the past year.
Shareholder returns
| 1523 | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.3% | 3.6% | -0.5% |
| 30 Day | 3.4% | -0.8% | 5.3% |
| 90 Day | -7.2% | 16.1% | 4.2% |
| 1 Year | -8.1%-16.7% | 45.0%41.6% | 11.9%7.6% |
| 3 Year | -28.6%-42.3% | -13.1%-19.8% | -1.2%-11.4% |
| 5 Year | n/a | 116.4%85.5% | 29.7%7.9% |
Long-Term Price Volatility Vs. Market
How volatile is Plover Bay Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Is Weakness In Plover Bay Technologies Limited (HKG:1523) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?2 weeks ago | Simply Wall St
Are Plover Bay Technologies's (HKG:1523) Statutory Earnings A Good Reflection Of Its Earnings Potential?4 weeks ago | Simply Wall St
How Much Is Plover Bay Technologies Limited (HKG:1523) CEO Getting Paid?Valuation
Is Plover Bay Technologies 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: 1523 (HK$0.9) is trading below our estimate of fair value (HK$2.69)
Significantly Below Fair Value: 1523 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1523 is good value based on its PE Ratio (10.6x) compared to the HK Communications industry average (15.5x).
PE vs Market: 1523 is good value based on its PE Ratio (10.6x) compared to the Hong Kong market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1523's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1523 is overvalued based on its PB Ratio (4.1x) compared to the HK Communications industry average (0.8x).
Next Steps
Future Growth
How is Plover Bay Technologies forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
16.1%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if 1523's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if 1523'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: 1523's revenue (16.1% per year) is forecast to grow faster than the Hong Kong market (13.7% per year).
High Growth Revenue: 1523's revenue (16.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1523's Return on Equity is forecast to be very high in 3 years time (42.1%).
Next Steps
Past Performance
How has Plover Bay Technologies performed over the past 5 years?
24.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1523 has a high level of non-cash earnings.
Growing Profit Margin: 1523's current net profit margins (23.9%) are lower than last year (26.4%).
Past Earnings Growth Analysis
Earnings Trend: 1523's earnings have grown significantly by 24.7% per year over the past 5 years.
Accelerating Growth: 1523's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1523 had negative earnings growth (-1.6%) over the past year, making it difficult to compare to the Communications industry average (-13%).
Return on Equity
High ROE: 1523's Return on Equity (38.8%) is considered high.
Next Steps
Financial Health
How is Plover Bay Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: 1523's short term assets ($41.9M) exceed its short term liabilities ($14.5M).
Long Term Liabilities: 1523's short term assets ($41.9M) exceed its long term liabilities ($2.8M).
Debt to Equity History and Analysis
Debt Level: 1523's debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: 1523's debt to equity ratio has reduced from 25.9% to 1.3% over the past 5 years.
Debt Coverage: 1523's debt is well covered by operating cash flow (2759.9%).
Interest Coverage: 1523 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Plover Bay Technologies's current dividend yield, its reliability and sustainability?
11.83%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1523's dividend (11.83%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.23%).
High Dividend: 1523's dividend (11.83%) is in the top 25% of dividend payers in the Hong Kong market (6.58%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 1523 has been paying a dividend for less than 10 years.
Growing Dividend: 1523's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (90.2%), 1523's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1523's dividends in 3 years are forecast to be covered by earnings (75.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.0yrs
Average board tenure
CEO
Kit Wai Chau (45 yo)
5yrs
Tenure
US$233,000
Compensation
Mr. Chau Kit Wai has been Chief Executive Officer and Executive Director at Plover Bay Technologies Limited since November 27, 2015 and has been its General Manager since April 2008. Mr. Chau joined Plover...
CEO Compensation Analysis
Compensation vs Market: Kit Wai's total compensation ($USD233.00K) is about average for companies of similar size in the Hong Kong market ($USD230.00K).
Compensation vs Earnings: Kit Wai's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 5yrs | US$518.00k | 70.7% $ 681.2m | |
| CEO & Executive Director | 5yrs | US$233.00k | 0.56% $ 5.4m | |
| Executive Director | 5yrs | US$233.00k | 0.56% $ 5.4m | |
| Executive Director | 5yrs | US$233.00k | 0.56% $ 5.4m | |
| Company Secretary & Executive Director | 5yrs | US$187.00k | 0.48% $ 4.6m | |
| Independent Non-Executive Director | 4.42yrs | US$15.00k | no data | |
| Independent Non-Executive Director | 4.42yrs | US$15.00k | no data | |
| Independent Non-Executive Director | 4.42yrs | US$15.00k | no data |
5.0yrs
Average Tenure
45.5yo
Average Age
Experienced Board: 1523's board of directors are considered experienced (5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.
Top Shareholders
Company Information
Plover Bay Technologies Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Plover Bay Technologies Limited
- Ticker: 1523
- Exchange: SEHK
- Founded: 2006
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: HK$963.468m
- Shares outstanding: 1.07b
- Website: https://www.ploverbay.com
Number of Employees
Location
- Plover Bay Technologies Limited
- Dragon Industrial Building
- Unit B, 5th Floor
- Lai Chi Kok
- Kowloon
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1523 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jul 2016 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 10:05 |
| End of Day Share Price | 2020/11/26 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.