IBO Technology (SEHK:2708) - Share price, News & Analysis

2708 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

2708 Stock Overview

IBO Technology Company Limited, an investment holding company, sells radio frequency identification (RFID) equipment and electronic products in the People's Republic of China.

Risk Analysis

Earnings have declined by 63.8% per year over past 5 years

Significant insider selling over the past 3 months

Shareholders have been diluted in the past year

IBO Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for IBO Technology
Historical stock prices
Current Share Price	HK$2.54
52 Week High	HK$4.20
52 Week Low	HK$2.16
Beta	0.32
1 Month Change	-9.29%
3 Month Change	-20.13%
1 Year Change	-31.17%
3 Year Change	45.98%
5 Year Change	n/a
Change since IPO	17.59%

Recent News & Updates

Sep 23

Shareholders Will Likely Find IBO Technology Company Limited's (HKG:2708) CEO Compensation Acceptable

The performance at IBO Technology Company Limited ( HKG:2708 ) has been rather lacklustre of late and shareholders may...

Shareholder Returns

	2708	HK Electronic	HK Market
7D	-2.3%	7.6%	3.4%
1Y	-31.2%	-30.9%	-23.7%

Return vs Industry: 2708 matched the Hong Kong Electronic industry which returned -30.9% over the past year.

Return vs Market: 2708 underperformed the Hong Kong Market which returned -23.7% over the past year.

Price Volatility

Is 2708's price volatile compared to industry and market?
2708 volatility
2708 Average Weekly Movement	6.1%
Electronic Industry Average Movement	7.5%
Market Average Movement	8.0%
10% most volatile stocks in HK Market	15.1%
10% least volatile stocks in HK Market	3.9%

Stable Share Price: 2708 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 2708's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2000	255	Weilong Gao	https://www.ibotech.hk

IBO Technology Company Limited, an investment holding company, sells radio frequency identification (RFID) equipment and electronic products in the People's Republic of China. It operates through four segments: Intelligent Terminal Products Sales, System Integration, Software Development, and System Maintenance Services. The Intelligent Terminal Products Sales segment develops, produces, and sells Internet of Things intelligent terminal products, such as RFID tags, RFID sensory devices, RFID reading devices, and vehicle intelligent devices.

IBO Technology Fundamentals Summary

How do IBO Technology's earnings and revenue compare to its market cap?
2708 fundamental statistics
Market Cap	CN¥1.36b
Earnings (TTM)	-CN¥22.28m
Revenue (TTM)	CN¥635.93m

2.1x

P/S Ratio

-61.2x

P/E Ratio

Is 2708 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
2708 income statement (TTM)
Revenue	CN¥635.93m
Cost of Revenue	CN¥497.62m
Gross Profit	CN¥138.31m
Other Expenses	CN¥160.60m
Earnings	-CN¥22.28m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.035
Gross Margin	21.75%
Net Profit Margin	-3.50%
Debt/Equity Ratio	29.5%

How did 2708 perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

2.87x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: 2708 (HK$2.54) is trading above our estimate of fair value (HK$2.04)

Significantly Below Fair Value: 2708 is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: 2708 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Electronic industry average.

PE vs Market: 2708 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 2708's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: 2708 is overvalued based on its PB Ratio (2.9x) compared to the HK Electronic industry average (0.6x).

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

11.6%

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 IBO Technology 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.

Past Performance

How has IBO Technology performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-63.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2708 is currently unprofitable.

Growing Profit Margin: 2708 is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: 2708 is unprofitable, and losses have increased over the past 5 years at a rate of 63.8% per year.

Accelerating Growth: Unable to compare 2708's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2708 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (20.7%).

Return on Equity

High ROE: 2708 has a negative Return on Equity (-1.92%), as it is currently unprofitable.

Financial Health

How is IBO Technology's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2708's short term assets (CN¥952.4M) exceed its short term liabilities (CN¥456.2M).

Long Term Liabilities: 2708's short term assets (CN¥952.4M) exceed its long term liabilities (CN¥55.5M).

Debt to Equity History and Analysis

Debt Level: 2708 has more cash than its total debt.

Reducing Debt: 2708's debt to equity ratio has reduced from 87% to 29.5% over the past 5 years.

Debt Coverage: 2708's debt is not well covered by operating cash flow (18.1%).

Interest Coverage: 2708's interest payments on its debt are not well covered by EBIT (1.5x coverage).

Balance Sheet

Dividend

What is IBO Technology current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2708's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2708's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 2708's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2708's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 2708 has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average board tenure

CEO

Weilong Gao (51 yo)

no data

Tenure

CN¥1,055,000

Compensation

Mr. Weilongour Gao serves as the Chief Executive Officer of IBO Technology Company Ltd and has been its Executive Director since May 2, 2017 and serves as its Executive Deputy Vice Chairman since September...

CEO Compensation Analysis

Compensation vs Market: Weilong's total compensation ($USD157.63K) is below average for companies of similar size in the Hong Kong market ($USD304.95K).

Compensation vs Earnings: Weilong's compensation has been consistent with company performance over the past year.

Board Members

Experienced Board: 2708's board of directors are considered experienced (4.4 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: 2708 insiders have sold more shares than they have bought in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 23.6%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/22 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2021/09/30
Annual Earnings	2021/03/31