2342 Stock Overview
Comba Telecom Systems Holdings Limited, an investment holding company, engages in research, development, manufacture, and sale of wireless telecommunications network system equipment and related engineering services.
No risks detected for 2342 from our risk checks.
Comba Telecom Systems Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$1.31|
|52 Week High||HK$2.33|
|52 Week Low||HK$1.20|
|1 Month Change||-8.39%|
|3 Month Change||-6.43%|
|1 Year Change||-34.50%|
|3 Year Change||-29.19%|
|5 Year Change||-12.08%|
|Change since IPO||51.02%|
Recent News & Updates
|2342||HK Communications||HK Market|
Return vs Industry: 2342 underperformed the Hong Kong Communications industry which returned -18% over the past year.
Return vs Market: 2342 underperformed the Hong Kong Market which returned -25% over the past year.
|2342 Average Weekly Movement||5.4%|
|Communications Industry Average Movement||7.8%|
|Market Average Movement||6.3%|
|10% most volatile stocks in HK Market||12.7%|
|10% least volatile stocks in HK Market||3.1%|
Stable Share Price: 2342 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 2342's weekly volatility (5%) has been stable over the past year.
About the Company
Comba Telecom Systems Holdings Limited, an investment holding company, engages in research, development, manufacture, and sale of wireless telecommunications network system equipment and related engineering services. It operates through two segments, Wireless Telecommunications Network System Equipment and Services, and Operator Telecommunication Services. The company provides base station antennas and subsystems; network system products, including macro and small cells, and open RAN products, as well as related extended and in-depth coverage solutions; and software technology, technical support, value-added, and repairing services.
Comba Telecom Systems Holdings Fundamentals Summary
|2342 fundamental statistics|
Is 2342 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2342 income statement (TTM)|
|Cost of Revenue||HK$4.91b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.15|
|Net Profit Margin||-6.36%|
How did 2342 perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Is 2342 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2342?
Other financial metrics that can be useful for relative valuation.
|What is 2342's n/a Ratio?|
Price to Sales Ratio vs Peers
How does 2342's PS Ratio compare to its peers?
|2342 PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
1523 Plover Bay Technologies
1085 Hengxin Technology
303 Vtech Holdings
8227 Xi'an Haitian Antenna Technologies
2342 Comba Telecom Systems Holdings
Price-To-Sales vs Peers: 2342 is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (8x).
Price to Earnings Ratio vs Industry
How does 2342's PE Ratio compare vs other companies in the HK Communications Industry?
Price-To-Sales vs Industry: 2342 is expensive based on its Price-To-Sales Ratio (0.6x) compared to the Hong Kong Communications industry average (0.6x)
Price to Sales Ratio vs Fair Ratio
What is 2342's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.6x|
|Fair PS Ratio||0.4x|
Price-To-Sales vs Fair Ratio: 2342 is expensive based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).
Share Price vs Fair Value
What is the Fair Price of 2342 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2342 (HK$1.31) is trading above our estimate of fair value (HK$0.81)
Significantly Below Fair Value: 2342 is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is Comba Telecom Systems Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2342 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).
Earnings vs Market: 2342 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 2342 is expected to become profitable in the next 3 years.
Revenue vs Market: 2342's revenue (5.1% per year) is forecast to grow slower than the Hong Kong market (9.7% per year).
High Growth Revenue: 2342's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2342's Return on Equity is forecast to be low in 3 years time (6.3%).
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How has Comba Telecom Systems Holdings performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2342 is currently unprofitable.
Growing Profit Margin: 2342 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 2342 is unprofitable, and losses have increased over the past 5 years at a rate of 55.2% per year.
Accelerating Growth: Unable to compare 2342's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2342 is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (-0.7%).
Return on Equity
High ROE: 2342 has a negative Return on Equity (-12.31%), as it is currently unprofitable.
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How is Comba Telecom Systems Holdings's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: 2342's short term assets (HK$8.1B) exceed its short term liabilities (HK$6.0B).
Long Term Liabilities: 2342's short term assets (HK$8.1B) exceed its long term liabilities (HK$1.3B).
Debt to Equity History and Analysis
Debt Level: 2342's net debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: 2342's debt to equity ratio has increased from 37.8% to 47.9% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 2342 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2342 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 32.6% per year.
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What is Comba Telecom Systems Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2342's dividend (1.53%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.96%).
High Dividend: 2342's dividend (1.53%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.57%).
Stability and Growth of Payments
Stable Dividend: 2342 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.
Growing Dividend: 2342 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: 2342 is not paying a notable dividend for the Hong Kong market.
Cash Payout to Shareholders
Cash Flow Coverage: 2342 is not paying a notable dividend for the Hong Kong market.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Huijun Xu (49 yo)
Mr. Huijun Xu has been an Executive Director of Comba Telecom Systems Holdings Ltd since August 23, 2018 and has been its President since December 7, 2018. Mr. Xu joined the Comba Group in August 2018. Mr....
CEO Compensation Analysis
Compensation vs Market: Huijun's total compensation ($USD1.14M) is above average for companies of similar size in the Hong Kong market ($USD422.37K).
Compensation vs Earnings: Huijun's compensation has been consistent with company performance over the past year.
Experienced Management: 2342's management team is seasoned and experienced (5.9 years average tenure).
Experienced Board: 2342's board of directors are considered experienced (4.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 2342 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|11 Jul 22||BuyHK$1,293,284||Binlong Bu||Individual||944,000||HK$1.37|
|08 Jul 22||BuyHK$295,920||Binlong Bu||Individual||216,000||HK$1.37|
|26 Apr 22||BuyHK$18,415,040||Huijun Xu||Individual||14,500,000||HK$1.27|
|26 Apr 22||BuyHK$1,270,003||Binlong Bu||Individual||1,000,000||HK$1.27|
|26 Apr 22||BuyHK$18,415,040||Fei Fu Chang||Individual||14,500,000||HK$1.27|
|26 Apr 22||BuyHK$635,001||Tielong Wu||Individual||500,000||HK$1.27|
|26 Apr 22||SellHK$18,415,040||Tung Ling Fok||Individual||14,500,000||HK$1.27|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Comba Telecom Systems Holdings Limited's employee growth, exchange listings and data sources
- Name: Comba Telecom Systems Holdings Limited
- Ticker: 2342
- Exchange: SEHK
- Founded: 1997
- Industry: Communications Equipment
- Sector: Tech
- Implied Market Cap: HK$3.620b
- Shares outstanding: 2.76b
- Website: https://www.comba-telecom.com
Number of Employees
- Comba Telecom Systems Holdings Limited
- 611 East Wing
- No. 8 Science Park West Avenue
- Tai Po
- New Territories
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2342||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jul 2003|
|COBJ.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jul 2003|
|COA1||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2003|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/24 00:00|
|End of Day Share Price||2022/09/23 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.