SEHK:2308

Stock Analysis Report

EVOC Intelligent Technology

Executive Summary

EVOC Intelligent Technology Company Limited, together with its subsidiaries, engages in the research, development, manufacture, and distribution of special computer products primarily in the People’s Republic of China.

Snowflake

Fundamentals

Fair value with acceptable track record.

Share Price & News

How has EVOC Intelligent Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.4%

2308

-0.04%

HK Tech

2.9%

HK Market


1 Year Return

13.3%

2308

-20.9%

HK Tech

0.7%

HK Market

Return vs Industry: 2308 exceeded the Hong Kong Tech industry which returned -20.9% over the past year.

Return vs Market: 2308 exceeded the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

2308IndustryMarket
7 Day2.4%-0.04%2.9%
30 Day1.2%-5.1%-2.5%
90 Day1.2%-6.2%-5.4%
1 Year13.3%13.3%-20.2%-20.9%4.4%0.7%
3 Year-35.6%-35.6%-1.1%-9.9%17.0%5.2%
5 Year-19.1%-20.6%-31.2%-44.8%20.2%0.2%

Price Volatility Vs. Market

How volatile is EVOC Intelligent Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is EVOC Intelligent Technology undervalued compared to its fair value and its price relative to the market?

6.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: 2308 (HK$0.85) is trading above our estimate of fair value (HK$0.13)

Significantly Undervalued: 2308 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2308 is good value based on its PE Ratio (6.1x) compared to the Tech industry average (9.8x).

PE vs Market: 2308 is good value based on its PE Ratio (6.1x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 2308's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2308 is good value based on its PB Ratio (0.4x) compared to the HK Tech industry average (0.8x).


Next Steps

Future Growth

How is EVOC Intelligent Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2308's forecast earnings growth (6.4% per year) is above the savings rate (2%).

Earnings vs Market: 2308's earnings (6.4% per year) are forecast to grow slower than the Hong Kong market (11.1% per year).

High Growth Earnings: 2308's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 2308's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 2308's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 2308's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has EVOC Intelligent Technology performed over the past 5 years?

-1.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 2308's earnings have declined by -1.3% per year over the past 5 years.

Accelerating Growth: 2308's earnings growth over the past year (411.6%) exceeds its 5-year average (-1.3% per year).

Earnings vs Industry: 2308 earnings growth over the past year (411.6%) exceeded the Tech industry 4%.


Return on Equity

High ROE: 2308's Return on Equity (6.8%) is considered low.


Return on Assets

ROA vs Industry: 2308 has a higher Return on Assets than the Tech industry average last year.


Return on Capital Employed

ROCE Improving: 2308 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is EVOC Intelligent Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 2308's short term assets (CN¥3.7B) exceeds its short term liabilities (CN¥2.6B)

Long Term Liabilities: 2308's short term assets (3.7B) exceeds its long term liabilities (1.7B)


Debt to Equity History and Analysis

Debt Level: 2308's debt to equity ratio (117.8%) is considered high

Reducing Debt: 2308's debt to equity ratio has reduced from 131.6% to 117.8% over the past 5 years.

Debt Coverage: 2308's debt is not well covered by operating cash flow (6.5%).

Interest Coverage: Insufficient data to determine if 2308's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: 2308 has a high level of physical assets or inventory.

Debt Coverage by Assets: 2308's debt is covered by short term assets (assets are 1.377030x debt).


Next Steps

Dividend

What is EVOC Intelligent Technology's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.2%markettop25%6.3%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 2308's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 2308's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 2308's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2308's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 2308 is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2308'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 EVOC Intelligent Technology's salary, the management and board of directors tenure and is there insider trading?

5.4yrs

Average board tenure


CEO

Zhi Yong Liu (45yo)

7.8yrs

Tenure

0

Mr. Zhi Yong Liu serves as Head of Research and Development Department at EVOC Intelligent Technology Company Limited and has been its General Manager since 2012. Mr. Liu joined EVOC Intelligent Technology ...


Board Age and Tenure

5.4yrs

Average Tenure

54.5yo

Average Age

Experienced Board: 2308's board of directors are considered experienced (5.4 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


Management Team

  • Chun Kuen Tsui (68yo)

    Chief Financial Controller & Company Secretary

    • Tenure: 0yrs
  • Cheng Shun Tso (90yo)

    Vice Chairman & Head of Business Development Strategy

    • Tenure: 0yrs
    • Compensation: CN¥30.00k
  • Yi Liu (53yo)

    Assistant Company Secretary

    • Tenure: 0yrs
  • Zhi Lie Chen (55yo)

    Founder

    • Tenure: 0yrs
    • Compensation: CN¥459.00k
  • Xiang Yang Chen (52yo)

    Assistant General Manager

    • Tenure: 0yrs
  • Zhi Yong Liu (45yo)

    GM and Head of Research & Development Department

    • Tenure: 7.8yrs
  • Wen Qiang Geng (63yo)

    Compliance Officer & Executive Director

    • Tenure: 3.4yrs
    • Compensation: CN¥161.00k

Board Members

  • Bing Wen (57yo)

    Independent Non-Executive Director

    • Tenure: 5.4yrs
    • Compensation: CN¥12.00k
  • Cheng Shun Tso (90yo)

    Vice Chairman & Head of Business Development Strategy

    • Tenure: 0yrs
    • Compensation: CN¥30.00k
  • Jing Pu (53yo)

    Chairperson of Supervisory Committee

    • Tenure: 0yrs
    • Compensation: CN¥152.00k
  • Li Xin Dong (59yo)

    Independent Non-Executive Director

    • Tenure: 5.4yrs
    • Compensation: CN¥12.00k
  • Zhi Lie Chen (55yo)

    Founder

    • Tenure: 0yrs
    • Compensation: CN¥459.00k
  • Michael Yu (54yo)

    Independent Non-Executive Director

    • Tenure: 3.4yrs
    • Compensation: CN¥30.00k
  • Zheng An Zhang (43yo)

    Supervisor

    • Tenure: 13yrs
    • Compensation: CN¥20.00k
  • Guo Nian Zhan (48yo)

    Supervisor

    • Tenure: 13yrs
    • Compensation: CN¥97.00k
  • Da Ming Zhang (45yo)

    Independent Non-Executive Director

    • Tenure: 4.4yrs
    • Compensation: CN¥12.00k
  • Wen Qiang Geng (63yo)

    Compliance Officer & Executive Director

    • Tenure: 3.4yrs
    • Compensation: CN¥161.00k

Company Information

EVOC Intelligent Technology Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: EVOC Intelligent Technology Company Limited
  • Ticker: 2308
  • Exchange: SEHK
  • Founded: 1993
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: HK$1.048b
  • Shares outstanding: 1.23b
  • Website: https://www.evoc.com

Number of Employees


Location

  • EVOC Intelligent Technology Company Limited
  • EVOC Technology Building
  • No. 31 Gaoxin Central Avenue 4th
  • Shenzhen
  • Guangdong Province
  • 518057
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2308SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDOct 2003

Biography

EVOC Intelligent Technology Company Limited, together with its subsidiaries, engages in the research, development, manufacture, and distribution of special computer products primarily in the People’s Repub ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:39
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.