Executive Summary
SIM Technology Group Limited, an investment holding company, operates in the mobile communication and Internet of Things (IOT) industry.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and fair value.
Similar Companies
Share Price & News
How has SIM Technology Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2000 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.8%
2000
3.9%
HK Communications
-1.4%
HK Market
1 Year Return
-9.7%
2000
12.7%
HK Communications
3.5%
HK Market
Return vs Industry: 2000 underperformed the Hong Kong Communications industry which returned 10.9% over the past year.
Return vs Market: 2000 underperformed the Hong Kong Market which returned 6.4% over the past year.
Shareholder returns
| 2000 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | 3.9% | -1.4% |
| 30 Day | 5.7% | 12.9% | 1.8% |
| 90 Day | 15.7% | 31.1% | 6.0% |
| 1 Year | -6.9%-9.7% | 15.6%12.7% | 7.3%3.5% |
| 3 Year | 6.2%-12.5% | 31.1%20.1% | 23.3%10.8% |
| 5 Year | -8.2%-24.3% | 24.1%5.5% | 19.2%-0.7% |
Price Volatility Vs. Market
How volatile is SIM Technology Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Imagine Owning SIM Technology Group (HKG:2000) And Wondering If The 29% Share Price Slide Is Justified1 month ago | Simply Wall St
Is SIM Technology Group Limited's (HKG:2000) CEO Paid At A Competitive Rate?2 months ago | Simply Wall St
What Type Of Shareholder Owns SIM Technology Group Limited's (HKG:2000)?Valuation
Is SIM Technology Group 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: 2000 (HK$0.29) is trading below our estimate of fair value (HK$4.67)
Significantly Below Fair Value: 2000 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2000 is unprofitable, so we can't compare its PE Ratio to the Communications industry average.
PE vs Market: 2000 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2000's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2000 is good value based on its PB Ratio (0.3x) compared to the HK Communications industry average (1.3x).
Next Steps
Future Growth
How is SIM Technology Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
18.6%
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as SIM Technology Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether SIM Technology Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- SIM Technology Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
Past Performance
How has SIM Technology Group performed over the past 5 years?
31.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2000 is currently unprofitable.
Growing Profit Margin: 2000 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 2000 is unprofitable, but has reduced losses over the past 5 years at a rate of 31.6% per year.
Accelerating Growth: Unable to compare 2000's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2000 is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (-5.7%).
Return on Equity
High ROE: 2000 has a negative Return on Equity (-9.29%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is SIM Technology Group's financial position?
Financial Position Analysis
Short Term Liabilities: 2000's short term assets (HK$1.7B) exceed its short term liabilities (HK$656.2M).
Long Term Liabilities: 2000's short term assets (HK$1.7B) exceed its long term liabilities (HK$150.2M).
Debt to Equity History and Analysis
Debt Level: 2000's debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: 2000's debt to equity ratio has reduced from 16.5% to 5.2% over the past 5 years.
Debt Coverage: 2000's debt is well covered by operating cash flow (285.8%).
Interest Coverage: Insufficient data to determine if 2000's interest payments on its debt are well covered by EBIT.
Balance Sheet
Inventory Level: 2000 has a high level of physical assets or inventory.
Debt Coverage by Assets: 2000's debt is covered by short term assets (assets are 16.3x debt).
Next Steps
Dividend
What is SIM Technology Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 2000's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 2000's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 2000's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2000's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 2000 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 2000's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
What is the CEO of SIM Technology Group's salary, the management and board of directors tenure and is there insider trading?
8.0yrs
Average board tenure
CEO
Jun Liu (47yo)
5.3yrs
Tenure
HK$1,341,000
Compensation
Mr. Jun Liu has been the Chief Executive Officer at SIM Technology Group Ltd. since September 2014. Mr. Liu joined SIM Technology in 2009 after the acquisition by SIM Technology of (Smartwireless Technolog ...
CEO Compensation Analysis
Compensation vs Market: Jun's total compensation ($USD172.47K) is about average for companies of similar size in the Hong Kong market ($USD228.16K).
Compensation vs Earnings: Jun's compensation has increased whilst the company is unprofitable.
Board Age and Tenure
8.0yrs
Average Tenure
62yo
Average Age
Experienced Board: 2000's board of directors are considered experienced (8 years average tenure).
Insider Trading
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 not been meaningfully diluted in the past year.
Management Team
Cho Tung Wong (74yo)
President & Executive Director
- Tenure: 15.2yrs
Man Ying Yeung (74yo)
Chairman of the Board
Rongrong Tang (65yo)
VP of the Business Operation Headquarter & Executive Director
- Tenure: 15yrs
- Compensation: HK$868.00k
Jun Liu (47yo)
CEO & Executive Director
- Tenure: 5.3yrs
- Compensation: HK$1.34m
Chi Yin Chan (40yo)
CFO & Company Secretary
- Tenure: 1.6yrs
Board Members
Hing Hung Liu (56yo)
Independent Non-Executive Director
- Tenure: 11.3yrs
- Compensation: HK$156.00k
Cho Tung Wong (74yo)
President & Executive Director
- Tenure: 15.2yrs
Man Ying Yeung (74yo)
Chairman of the Board
Rongrong Tang (65yo)
VP of the Business Operation Headquarter & Executive Director
- Tenure: 15yrs
- Compensation: HK$868.00k
Jun Liu (47yo)
CEO & Executive Director
- Tenure: 5.3yrs
- Compensation: HK$1.34m
Tianmiao Wang (59yo)
Independent Non-Executive Director
- Tenure: 2.8yrs
- Compensation: HK$156.00k
Zhe Wu (62yo)
Independent Non-Executive Director
- Tenure: 2.8yrs
- Compensation: HK$156.00k
Company Information
SIM Technology Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: SIM Technology Group Limited
- Ticker: 2000
- Exchange: SEHK
- Founded: 1986
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: HK$678.140m
- Shares outstanding: 2.42b
- Website: https://www.sim.com
Number of Employees
Location
- SIM Technology Group Limited
- Billion Trade Centre
- Unit 1206
- Kwun Tong
- Kowloon
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2000 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jun 2005 |
| SIMT.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2005 |
| 912000 | TSEC (Taiwan Stock Exchange) | TDR EACH REPR 2 SHS | TW | TWD | Apr 2011 |
Biography
SIM Technology Group Limited, an investment holding company, operates in the mobile communication and Internet of Things (IOT) industry. It operates through six segments: Handsets and IOT Terminals Business, Electronic Manufacturing Services Business, IOT System and Online-to-Offline Business, Intelligent Manufacturing Business, Property Development, and Property Management. The company offers handsets and IOT terminals; and 2G, 3G, and 4G wireless communication modules. It also provides capacitor panels and LCD modules for mobile phones and portable devices; administrative and finance lease services; building design and construction services of smart homes; logistics services; hand-sets original design manufacturing and electronics manufacturing, as well as operation services; and online to online equipment. In addition, the company develops automated test equipment; trades in snacks; and holds land use rights. SIM Technology Group Limited was founded in 1986 and is headquartered in Kwun Tong, Hong Kong.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/22 12:47 |
| End of Day Share Price | 2020/01/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.