Plover Bay Technologies
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 Year Returns
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.
Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Plover Bay Technologies.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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?
| 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 |
| 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.
Value checks
We assess Plover Bay Technologies's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | ||||
| 2019-12-31 |
| 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%).
Future performance checks
We assess Plover Bay Technologies's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Plover Bay Technologies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Plover Bay Technologies's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Plover Bay Technologies Company Filings, last reported 4 months ago.
| 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.
Financial health checks
We assess Plover Bay Technologies's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Plover Bay Technologies has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
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
- 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.
| 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.
| 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 |
| 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).
- Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
Income/ dividend checks
We assess Plover Bay Technologies's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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
Chairman of the Board
$532K
51
Kit Wai Chau
CEO & Executive Director
$247K
43
3.5 yrs
Kenneth Yip
Company Secretary & Executive Director
$201K
43
Ming Pui Chong
Executive Director
$247K
41
Yu Yeung
Executive Director
$247K
42
Shun Ng
Financial Controller
41
Joseph Yip
General Manager of Business Development
56
Board of Directors Tenure
Average tenure and age of the Plover Bay Technologies board of directors in years:
- The tenure for the Plover Bay Technologies board of directors is about average.
Board of Directors
Alex Chan
Chairman of the Board
$532K
51
3.5 yrs
Kit Wai Chau
CEO & Executive Director
$247K
43
3.5 yrs
Kenneth Yip
Company Secretary & Executive Director
$201K
43
3.5 yrs
Ming Pui Chong
Executive Director
$247K
41
3.5 yrs
Yu Yeung
Executive Director
$247K
42
3.5 yrs
Wilson Wan
Independent Non-Executive Director
$15K
44
2.9 yrs
Kin Tim Yu
Independent Non-Executive Director
$15K
60
2.9 yrs
Chi Lam Ho
Independent Non-Executive Director
$15K
59
2.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Plover Bay Technologies's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleA 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 - – Full articleHow 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 - – Full articleWhy 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 - – Full articleIs 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 - – Full articlePlover 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 - – Full articleDespite 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 - – Full articleBefore 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 - – Full articleThese 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 - – Full articleCould 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 - – Full articleCompany 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
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.
