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.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.5%
320
8.6%
HK Electronic
5.8%
HK Market
1 Year Return
-52.2%
320
4.9%
HK Electronic
-4.0%
HK Market
Return vs Industry: 320 underperformed the Hong Kong Electronic industry which returned 4.9% over the past year.
Return vs Market: 320 underperformed the Hong Kong Market which returned -4% over the past year.
Shareholder returns
| 320 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | 8.6% | 5.8% |
| 30 Day | -8.6% | 3.4% | 4.0% |
| 90 Day | -36.0% | -10.9% | -2.6% |
| 1 Year | -51.0%-52.2% | 7.1%4.9% | -0.6%-4.0% |
| 3 Year | -61.8%-67.0% | -21.8%-27.5% | 1.3%-9.2% |
| 5 Year | -78.6%-83.1% | 13.2%-1.6% | -9.2%-23.5% |
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
1 week ago | Simply Wall St
Why You Should Care About Computime Group Limited’s (HKG:320) Low Return On Capital1 month ago | Simply Wall St
What Kind Of Shareholders Own Computime Group Limited (HKG:320)?2 months ago | Simply Wall St
Did You Manage To Avoid Computime Group's (HKG:320) Devastating 86% Share Price Drop?Valuation
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$0.32) is trading below our estimate of fair value (HK$4.43)
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 (130x) compared to the Electronic industry average (9.2x).
PE vs Market: 320 is poor value based on its PE Ratio (130x) compared to the Hong Kong market (9.5x).
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 (0.7x).
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?
-10.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 320 has high quality earnings.
Growing Profit Margin: 320's current net profit margins (0.06%) are lower than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: 320's earnings have declined by -10.5% per year over the past 5 years.
Accelerating Growth: 320's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 320 had negative earnings growth (-97.9%) over the past year, making it difficult to compare to the Electronic industry average (-4.3%).
Return on Equity
High ROE: 320's Return on Equity (0.2%) 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$957.3M).
Long Term Liabilities: 320's short term assets (HK$1.7B) exceed its long term liabilities (HK$36.4M).
Debt to Equity History and Analysis
Debt Level: 320's debt to equity ratio (11.8%) is considered satisfactory.
Reducing Debt: 320's debt to equity ratio has reduced from 28.5% to 11.8% over the past 5 years.
Debt Coverage: 320's debt is well covered by operating cash flow (290.7%).
Interest Coverage: 320's interest payments on its debt are not well covered by EBIT (0.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Computime Group's current dividend yield, its reliability and sustainability?
5.13%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 320's dividend (5.13%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.43%).
High Dividend: 320's dividend (5.13%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.03%).
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 increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (666.4%), 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?
1.4yrs
Average management tenure
CEO
Bernard Auyang (52yo)
0.17
Tenure
HK$6,430,000
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 | no data | HK$3.27m | 42.1% HK$113.1m | |
| Executive Director | 10.17yrs | HK$11.74m | 0.49% HK$1.3m | |
| CEO & Executive Director | 0.17yr | HK$6.43m | no data | |
| President | 0.17yr | no data | no data | |
| Chief Financial Officer | 2.42yrs | no data | no data | |
| Chief Operating Officer | 1.42yrs | no data | no data | |
| Executive Vice President of Technologies | no data | no data | no data | |
| Vice President of Global Human Resources | no data | no data | no data | |
| Company Secretary | 2.58yrs | no data | no data |
1.4yrs
Average Tenure
55.5yo
Average Age
Experienced Management: 320's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman | no data | HK$3.27m | 42.1% HK$113.1m | |
| Executive Director | 10.17yrs | HK$11.74m | 0.49% HK$1.3m | |
| CEO & Executive Director | 0.17yr | HK$6.43m | no data | |
| Independent Non-Executive Director | 13.75yrs | HK$259.00k | no data | |
| Independent Non-Executive Director | 13.75yrs | HK$259.00k | no data | |
| Non-Executive Director | 14.58yrs | HK$327.00k | no data | |
| Non-Executive Director | 26.58yrs | HK$214.00k | no data | |
| Non Executive Director | 12.33yrs | HK$186.00k | no data | |
| Independent Non Executive Director | 8.67yrs | HK$230.00k | no data |
13.0yrs
Average Tenure
63yo
Average Age
Experienced Board: 320's board of directors are seasoned and experienced ( 13 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.
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$268.717m
- Shares outstanding: 839.74m
- Website: https://www.computime.com
Number of Employees
Location
- Computime Group Limited
- Building 20E
- 6th Floor, Phase 3
- Shatin
- 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 through two segments, Smart Solutions and Contract Manufacturing Services. The company researches, designs, develops, manufactures, trades in, and distributes building and home control; appliance control; and commercial and industrial control products. It also offers a range of services, including software, electronics, PCB layout, mechanical design, front-end interface development, mechanical package design, advanced test development, product industrialization, assembly, and mass production. In addition, the company provides original equipment and design manufacturing services in various market segments, such as appliance controls; heating, ventilating, air conditioning, and refrigeration; and commercial, industrial, and medical applications. Further, it offers technology solutions; and thermostatic controls, home automation, and sensor products under the SALUS brand. Computime Group Limited was founded in 1974 and is headquartered in Shatin, Hong Kong.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/06 13:09 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.