SEHK:2662

Stock Analysis Report

Camsing International Holding

Executive Summary

Camsing International Holding Limited, an investment holding company, provides electronics manufacturing services to the printed circuit board assembly industry in the People’s Republic of China, Hong Kong, and the United States.

Rewards

PE ratio (7.1x) is below the Hong Kong market (10.2x)

Earnings grew by 224.5% over the past year

Risk Analysis

Earnings are forecast to decline by an average of -14.6% per year for the next 3 years

High level of non-cash earnings

Highly volatile share price over past 3 months

Latest financial reports are more than 6 months old



Snowflake Analysis

Solid track record with adequate balance sheet.

Share Price & News

How has Camsing International Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Information is not available.


Market Performance


7 Day Return

0%

2662

5.1%

HK Electronic

0.5%

HK Market


1 Year Return

-80.4%

2662

14.0%

HK Electronic

-0.2%

HK Market

Return vs Industry: 2662 underperformed the Hong Kong Electronic industry which returned 14% over the past year.

Return vs Market: 2662 underperformed the Hong Kong Market which returned -0.2% over the past year.


Shareholder returns

2662IndustryMarket
7 Day0%5.1%0.5%
30 Day0%2.5%-3.8%
90 Day31.8%12.2%-1.3%
1 Year-80.3%-80.4%17.4%14.0%3.4%-0.2%
3 Year-30.9%-31.0%20.8%11.0%18.8%6.7%
5 Year192.9%157.8%96.3%70.9%19.5%-0.5%

Price Volatility Vs. Market

How volatile is Camsing International Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Camsing International Holding undervalued compared to its fair value and its price relative to the market?

7.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 2662 (HK$1.16) is trading above our estimate of fair value (HK$0.14)

Significantly Below Fair Value: 2662 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 2662 is good value based on its PE Ratio (7.1x) compared to the Electronic industry average (9.2x).

PE vs Market: 2662 is good value based on its PE Ratio (7.1x) compared to the Hong Kong market (10.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2662's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2662 is overvalued based on its PB Ratio (2.1x) compared to the HK Electronic industry average (0.9x).


Next Steps

Future Growth

How is Camsing International Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-14.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2662's earnings are forecast to decline over the next 3 years (-14.6% per year).

Earnings vs Market: 2662's earnings are forecast to decline over the next 3 years (-14.6% per year).

High Growth Earnings: 2662's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if 2662's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 2662's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 2662's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Camsing International Holding performed over the past 5 years?

74.2%

Historical annual earnings growth


Earnings and Revenue History

Information is not available.

Information is not available.


Past Earnings Growth Analysis

Earnings Trend: 2662 has become profitable over the past 5 years, growing earnings by 74.2% per year.

Accelerating Growth: 2662's earnings growth over the past year (224.5%) exceeds its 5-year average (74.2% per year).

Earnings vs Industry: 2662 earnings growth over the past year (224.5%) exceeded the Electronic industry -8.8%.


Return on Equity

High ROE: 2662's Return on Equity (29.7%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Camsing International Holding's financial position?


Financial Position Analysis

Short Term Liabilities: 2662's short term assets (HK$689.4M) exceed its short term liabilities (HK$195.7M).

Long Term Liabilities: 2662's short term assets (HK$689.4M) exceed its long term liabilities (HK$19.5M).


Debt to Equity History and Analysis

Debt Level: 2662's debt to equity ratio (1.6%) is considered satisfactory.

Reducing Debt: 2662's debt to equity ratio has increased from 0.9% to 1.6% over the past 5 years.

Debt Coverage: 2662's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 2662's interest payments on its debt are well covered by EBIT (74.9x coverage).


Balance Sheet

Inventory Level: 2662 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 2662's debt is covered by short term assets (assets are 75.1x debt).


Next Steps

Dividend

What is Camsing International Holding's current dividend yield, its reliability and sustainability?

1.03%

Current Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%2.3%markettop25%6.2%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 2662's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.27%).

High Dividend: 2662's dividend (1.03%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.23%).


Stability and Growth of Payments

Stable Dividend: 2662 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 2662 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 2662 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 2662'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 Camsing International Holding's salary, the management and board of directors tenure and is there insider trading?

0.7yrs

Average management tenure


CEO

Jing Jie (43yo)

0.7yrs

Tenure

0

Ms. Jing Jie has been Chief Executive Officer of Camsing International Holding Limited since February 1, 2019 and served as its Chief Marketing Officer until February 1, 2019. Ms. Jie is responsible for th ...


Management Age and Tenure

0.7yrs

Average Tenure

46yo

Average Age

Experienced Management: 2662's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Age and Tenure

3.8yrs

Average Tenure

48yo

Average Age

Experienced Board: 2662's board of directors are considered experienced (3.8 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

Information is not available.


Management Team

  • Shi Bo Li (48yo)

    Admin & Personnel Manager of Processing Factories and PR Controller of South China Region

    • Tenure: 0yrs
  • Nam Chun Fung (44yo)

    Company Secretary

    • Tenure: 3.7yrs
  • Hui Liu (48yo)

    Executive Director

    • Tenure: 3.8yrs
    • Compensation: HK$420.00k
  • Ankun Song

    Chief Financial Officer

    • Tenure: 0yrs
  • Leo Lee

    Chief Operating Officer

    • Tenure: 0yrs
  • Jing Jie (43yo)

    Chief Executive Officer

    • Tenure: 0.7yrs
  • Yun Xu

    Chief Marketing Officer

    • Tenure: 0.6yrs

Board Members

  • Jun Lei (49yo)

    Independent Non-Executive Director

    • Tenure: 3.8yrs
    • Compensation: HK$120.00k
  • Yu Limjoco Ross (48yo)

    Independent Non-Executive Director

    • Tenure: 3.4yrs
    • Compensation: HK$120.00k
  • Ching Lo (48yo)

    Chairman of the Board

    • Tenure: 3.8yrs
    • Compensation: HK$1.24m
  • Hui Liu (48yo)

    Executive Director

    • Tenure: 3.8yrs
    • Compensation: HK$420.00k
  • Yilei Zheng (40yo)

    Independent Non-Executive Director

    • Tenure: 3.4yrs
    • Compensation: HK$120.00k

Company Information

Camsing International Holding Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Camsing International Holding Limited
  • Ticker: 2662
  • Exchange: SEHK
  • Founded:
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: HK$1.249b
  • Shares outstanding: 1.08b
  • Website: https://www.camsingintl.com

Number of Employees


Location

  • Camsing International Holding Limited
  • Unit 1904, Podium Plaza
  • 19th Floor
  • Tsim Sha Tsui
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2662SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2005
2662SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2005
2662SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2005

Biography

Camsing International Holding Limited, an investment holding company, provides electronics manufacturing services to the printed circuit board assembly industry in the People’s Republic of China, Hong Kong ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 12:41
End of Day Share Price2019/07/18 00:00
Earnings2018/12/31
Annual Earnings2018/06/30


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.