Kingboard Laminates Holdings Limited, an investment holding company, operates as a vertically-integrated electronic materials manufacturer in the People's Republic of China, other Asian countries, Europe, and America.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$13.14|
|52 Week High||HK$10.00|
|52 Week Low||HK$19.76|
|1 Month Change||-11.81%|
|3 Month Change||-27.16%|
|1 Year Change||24.43%|
|3 Year Change||89.34%|
|5 Year Change||85.59%|
|Change since IPO||47.14%|
Recent News & Updates
|1888||HK Electronic||HK Market|
Return vs Industry: 1888 underperformed the Hong Kong Electronic industry which returned 38.1% over the past year.
Return vs Market: 1888 exceeded the Hong Kong Market which returned 9.1% over the past year.
Stable Share Price: 1888 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 1888's weekly volatility (7%) has been stable over the past year.
About the Company
|1988||9,700||Kwok Keung Cheung||https://www.kblaminates.com|
Kingboard Laminates Holdings Limited, an investment holding company, operates as a vertically-integrated electronic materials manufacturer in the People's Republic of China, other Asian countries, Europe, and America. The company manufactures and sells laminates, including glass epoxy laminates, paper laminates, and composite epoxy material laminates. It also provides upstream component materials, such as copper foils, glass yarn, glass fabrics, bleached Kraft paper, epoxy resin, Kraft paper for copper-clad laminates, and polyvinyl butyral products, as well as chemicals; and offers drilling services.
Kingboard Laminates Holdings Fundamentals Summary
|1888 fundamental statistics|
Is 1888 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|1888 income statement (TTM)|
|Cost of Revenue||HK$16.61b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.74|
|Net Profit Margin||22.23%|
How did 1888 perform over the long term?See historical performance and comparison
6.1%Current Dividend Yield
Does 1888 pay a reliable dividends?See 1888 dividend history and benchmarks
|Kingboard Laminates Holdings dividend dates|
|Ex Dividend Date||Dec 07 2021|
|Dividend Pay Date||Jan 06 2022|
|Days until Ex dividend||72 days|
|Days until Dividend pay date||102 days|
Does 1888 pay a reliable dividends?See 1888 dividend history and benchmarks
Is Kingboard Laminates Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1888 (HK$13.14) is trading below our estimate of fair value (HK$13.38)
Significantly Below Fair Value: 1888 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 1888 is good value based on its PE Ratio (7.6x) compared to the Hong Kong Electronic industry average (8.7x).
PE vs Market: 1888 is good value based on its PE Ratio (7.6x) compared to the Hong Kong market (9.6x).
Price to Earnings Growth Ratio
PEG Ratio: 1888 is poor value based on its PEG Ratio (12.8x)
Price to Book Ratio
PB vs Industry: 1888 is overvalued based on its PB Ratio (2.5x) compared to the HK Electronic industry average (0.8x).
How is Kingboard Laminates Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1888's forecast earnings growth (0.6% per year) is below the savings rate (1.5%).
Earnings vs Market: 1888's earnings (0.6% per year) are forecast to grow slower than the Hong Kong market (17.1% per year).
High Growth Earnings: 1888's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1888's revenue (9.6% per year) is forecast to grow slower than the Hong Kong market (12.3% per year).
High Growth Revenue: 1888's revenue (9.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1888's Return on Equity is forecast to be high in 3 years time (34.9%)
How has Kingboard Laminates Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1888 has high quality earnings.
Growing Profit Margin: 1888's current net profit margins (22.2%) are higher than last year (11.7%).
Past Earnings Growth Analysis
Earnings Trend: 1888's earnings have declined by 3.7% per year over the past 5 years.
Accelerating Growth: 1888's earnings growth over the past year (164.3%) exceeds its 5-year average (-3.7% per year).
Earnings vs Industry: 1888 earnings growth over the past year (164.3%) exceeded the Electronic industry 50.5%.
Return on Equity
High ROE: 1888's Return on Equity (33.1%) is considered high.
How is Kingboard Laminates Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1888's short term assets (HK$18.5B) exceed its short term liabilities (HK$10.2B).
Long Term Liabilities: 1888's short term assets (HK$18.5B) exceed its long term liabilities (HK$744.1M).
Debt to Equity History and Analysis
Debt Level: 1888's debt to equity ratio (28.5%) is considered satisfactory.
Reducing Debt: 1888's debt to equity ratio has reduced from 29.7% to 28.5% over the past 5 years.
Debt Coverage: 1888's debt is well covered by operating cash flow (72.4%).
Interest Coverage: 1888's interest payments on its debt are well covered by EBIT (183.2x coverage).
What is Kingboard Laminates Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 1888's dividend (6.09%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).
High Dividend: 1888's dividend (6.09%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.83%).
Stability and Growth of Payments
Stable Dividend: 1888's dividend payments have been volatile in the past 10 years.
Growing Dividend: 1888's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.3%), 1888's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1888's dividends in 3 years are forecast to be well covered by earnings (49.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kwok Keung Cheung (68 yo)
Mr. Kwok Keung Cheung has been the Managing Director of Kingboard Laminates Holdings Ltd. since July 20, 2006 and serves as its Chief Executive Officer. Mr. Cheung has over 13 years' experience in the lami...
CEO Compensation Analysis
Compensation vs Market: Kwok Keung's total compensation ($USD2.31M) is above average for companies of similar size in the Hong Kong market ($USD620.61K).
Compensation vs Earnings: Kwok Keung's compensation has been consistent with company performance over the past year.
Experienced Board: 1888's board of directors are seasoned and experienced ( 14.8 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kingboard Laminates Holdings Limited's employee growth, exchange listings and data sources
- Name: Kingboard Laminates Holdings Limited
- Ticker: 1888
- Exchange: SEHK
- Founded: 1988
- Industry: Electronic Components
- Sector: Tech
- Market Cap: HK$40.997b
- Shares outstanding: 3.12b
- Website: https://www.kblaminates.com
Number of Employees
- Kingboard Laminates Holdings Limited
- Delta House
- 23rd Floor
- Sha Tin
- New Territories
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/25 10:03|
|End of Day Share Price||2021/09/24 00:00|
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.