Executive Summary
Computime Group Limited, an investment holding company, engages in the research, development, design, manufacture, and trading of electronic control products in the Americas, Europe, and Asia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and fair value.
Share Price & News
How has Computime Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 320 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
320
0.6%
HK Electronic
1.2%
HK Market
1 Year Return
-37.7%
320
-3.9%
HK Electronic
2.7%
HK Market
Return vs Industry: 320 underperformed the Hong Kong Electronic industry which returned -4.4% over the past year.
Return vs Market: 320 underperformed the Hong Kong Market which returned 1.5% over the past year.
Shareholder returns
| 320 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 0.6% | 1.2% |
| 30 Day | 1.4% | 2.1% | 4.0% |
| 90 Day | 18.3% | -6.4% | 3.2% |
| 1 Year | -35.1%-37.7% | -0.9%-3.9% | 7.0%2.7% |
| 3 Year | -71.5%-75.2% | -33.4%-39.0% | -4.4%-14.8% |
| 5 Year | -64.9%-72.3% | 18.1%2.1% | 19.5%-0.7% |
Price Volatility Vs. Market
How volatile is Computime Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Here's What's Concerning About Computime Group (HKG:320)1 month ago | Simply Wall St
What Computime Group Limited's (HKG:320) 44% Share Price Gain Is Not Telling You1 month ago | Simply Wall St
We Wouldn't Be Too Quick To Buy Computime Group Limited (HKG:320) Before It Goes Ex-DividendValuation
Is Computime 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: 320 (HK$0.36) is trading below our estimate of fair value (HK$6.08)
Significantly Below Fair Value: 320 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 320 is poor value based on its PE Ratio (27.1x) compared to the HK Electronic industry average (13.5x).
PE vs Market: 320 is poor value based on its PE Ratio (27.1x) compared to the Hong Kong market (11.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 320's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 320 is good value based on its PB Ratio (0.2x) compared to the HK Electronic industry average (0.8x).
Next Steps
Future Growth
How is Computime Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
20.5%
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 Computime 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 Computime 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.
- Computime 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 Computime Group performed over the past 5 years?
-22.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 320 has a large one-off gain of HK$6.5M impacting its March 31 2020 financial results.
Growing Profit Margin: 320's current net profit margins (0.3%) are higher than last year (0.3%).
Past Earnings Growth Analysis
Earnings Trend: 320's earnings have declined by 22.1% per year over the past 5 years.
Accelerating Growth: 320's earnings growth over the past year (7.3%) exceeds its 5-year average (-22.1% per year).
Earnings vs Industry: 320 earnings growth over the past year (7.3%) exceeded the Electronic industry -15.1%.
Return on Equity
High ROE: 320's Return on Equity (0.9%) is considered low.
Next Steps
Financial Health
How is Computime Group's financial position?
Financial Position Analysis
Short Term Liabilities: 320's short term assets (HK$1.7B) exceed its short term liabilities (HK$991.2M).
Long Term Liabilities: 320's short term assets (HK$1.7B) exceed its long term liabilities (HK$78.4M).
Debt to Equity History and Analysis
Debt Level: 320's debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: 320's debt to equity ratio has reduced from 24.5% to 11% over the past 5 years.
Debt Coverage: 320's debt is well covered by operating cash flow (234.6%).
Interest Coverage: 320's interest payments on its debt are not well covered by EBIT (0.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Computime Group current dividend yield, its reliability and sustainability?
3.69%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 320's dividend (3.69%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.23%).
High Dividend: 320's dividend (3.69%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.85%).
Stability and Growth of Payments
Stable Dividend: 320's dividend payments have been volatile in the past 10 years.
Growing Dividend: 320's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (100.1%), 320's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Bernard Auyang (53 yo)
0.50
Tenure
HK$37,000
Compensation
Mr. Pak Hong Auyang, also known as Bernard, has been an Independent Non-Executive Director at Lever Style Corporation since 12 October 2019. He is Chief Executive Officer and Executive Director at Computim ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | no data | HK$3.31m | 42.1% HK$ 125.5m | |
| CEO & Executive Director | 0.50yr | HK$37.00k | no data | |
| President & Executive Director | 0.083yr | no data | no data | |
| Chief Financial Officer | 2.75yrs | no data | no data | |
| Chief Operating Officer | 1.75yrs | no data | no data | |
| Vice President of Global Human Resources | no data | no data | no data | |
| Executive Vice President of SALUS North America | no data | no data | no data | |
| Executive Vice President of Control Solutions | 0.42yr | no data | no data | |
| Company Secretary | 2.92yrs | no data | no data |
1.8yrs
Average Tenure
57yo
Average Age
Experienced Management: 320's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman of the Board | no data | HK$3.31m | 42.1% HK$ 125.5m | |
| CEO & Executive Director | 0.50yr | HK$37.00k | no data | |
| President & Executive Director | 0.083yr | no data | no data | |
| Independent Non-Executive Director | 14.08yrs | HK$285.00k | no data | |
| Independent Non-Executive Director | 0.083yr | no data | no data | |
| Independent Non-Executive Director | 14.08yrs | HK$285.00k | no data | |
| Non-Executive Director | 26.92yrs | HK$234.00k | no data | |
| Non Executive Director | 12.67yrs | HK$186.00k | no data | |
| Independent Non-Executive Director | 0.25yr | no data | no data |
6.7yrs
Average Tenure
59yo
Average Age
Experienced Board: 320's board of directors are considered experienced (6.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Computime Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Computime Group Limited
- Ticker: 320
- Exchange: SEHK
- Founded: 1974
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: HK$298.108m
- Shares outstanding: 839.74m
- Website: https://www.computime.com
Number of Employees
Location
- Computime Group Limited
- Building 20E
- 6th Floor, Phase 3
- Sha Tin
- New Territories
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 320 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Oct 2006 |
Biography
Computime Group Limited, an investment holding company, engages in the research, development, design, manufacture, and trading of electronic control products in the Americas, Europe, and Asia. It operates ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/24 12:59 |
| End of Day Share Price | 2020/10/23 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
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.