SEHK:320

Stock Analysis Report

Computime Group

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

Fundamentals

Adequate balance sheet with moderate growth potential.

Risks

  • Computime Group has significant price volatility in the past 3 months.
  • Computime Group is not covered by any analysts.

Share Price & News

How has Computime Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-7.8%

SEHK:320

2.0%

HK Electronic

0.7%

HK Market


1 Year Return

-42.2%

SEHK:320

-12.8%

HK Electronic

-5.3%

HK Market

320 underperformed the Electronic industry which returned -9.4% over the past year.

320 underperformed the Market in Hong Kong which returned -3.3% over the past year.


Share holder returns

320IndustryMarket
7 Day-7.8%2.0%0.7%
30 Day-18.1%10.5%4.9%
90 Day-19.2%5.6%-3.7%
1 Year-40.6%-42.2%-10.1%-12.8%-1.8%-5.3%
3 Year-41.6%-49.6%-4.2%-11.4%16.4%4.6%
5 Year-18.8%-37.2%38.1%20.8%18.0%-1.7%

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

Valuation

Is Computime Group undervalued based on future cash flows and its price relative to the stock market?

48.16x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Computime Group's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Computime Group's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Computime Group is overvalued based on earnings compared to the HK Electronic industry average.

Computime Group is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Computime Group, we can't assess if its growth is good value.


Price Based on Value of Assets

Computime Group is good value based on assets compared to the HK Electronic industry average.


Next Steps

Future Growth

How is Computime Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Computime Group is high growth as no revenue estimate data is available.

Computime Group's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Computime Group's revenue growth to the Hong Kong market average as no estimate data is available.

Computime Group's earnings growth is expected to exceed the Hong Kong market average.

Computime Group's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Computime Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Computime Group performed over the past 5 years?

5.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Computime Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Computime Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Computime Group's 1-year earnings growth is negative, it can't be compared to the HK Electronic industry average.


Return on Equity

Computime Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Computime Group used its assets less efficiently than the HK Electronic industry average last year based on Return on Assets.


Return on Capital Employed

Computime Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Computime Group's financial position?


Financial Position Analysis

Computime Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Computime Group's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Computime Group's level of debt (16.3%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (29.7% vs 16.3% today).

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are not well covered by earnings (EBIT is 1.1x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 8.4x debt.


Next Steps

Dividend

What is Computime Group's current dividend yield, its reliability and sustainability?

2.78%

Current Dividend Yield


Dividend Yield and Payments Analysis

Computime Group's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.19%).

Computime Group's dividend is below the markets top 25% of dividend payers in Hong Kong (6.08%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.7x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Computime Group's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

King Owyang (73yo)

9.4yrs

Tenure

HK$11,735,000

Compensation

Dr. King Owyang, Ph.D., has been the Chief Executive Officer of Computime Group Limited since April 2010. Dr. Owyang served as the Chief Executive Officer, President and Director of Siliconix Incorporated  ...


CEO Compensation Analysis

King's remuneration is higher than average for companies of similar size in Hong Kong.

King's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.8yrs

Average Tenure

56yo

Average Age

The average tenure for the Computime Group management team is less than 2 years, this suggests a new team.


Board Age and Tenure

12.3yrs

Average Tenure

63yo

Average Age

The average tenure for the Computime Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • King Owyang (73yo)

    CEO & Executive Director

    • Tenure: 9.4yrs
    • Compensation: HK$11.74m
  • Ho Auyang (87yo)

    Founder & Chairman

    • Tenure: 0yrs
    • Compensation: HK$3.27m
  • Wai Leung Ha (60yo)

    Executive Vice President of Technologies

    • Tenure: 0yrs
  • George Poon (46yo)

    Chief Financial Officer

    • Tenure: 1.7yrs
  • Ka Man So (45yo)

    Company Secretary

    • Tenure: 1.8yrs
  • Matthew Au (54yo)

    Chief Operating Officer

    • Tenure: 1.7yrs
  • Jimmy Ho (56yo)

    Vice President of Global Human Resources

    • Tenure: 0yrs

Board Members

  • Patrick Thomas Siewert (63yo)

    Independent Non-Executive Director

    • Tenure: 13yrs
    • Compensation: HK$259.00k
  • King Owyang (73yo)

    CEO & Executive Director

    • Tenure: 9.4yrs
    • Compensation: HK$11.74m
  • Roger Luk (68yo)

    Independent Non-Executive Director

    • Tenure: 13yrs
    • Compensation: HK$259.00k
  • Dennis Au (59yo)

    Non Executive Director

    • Tenure: 5.3yrs
  • Ho Auyang (87yo)

    Founder & Chairman

    • Tenure: 0yrs
    • Compensation: HK$3.27m
  • Arvind Amratlal Patel (78yo)

    Non-Executive Director

    • Tenure: 13.8yrs
    • Compensation: HK$327.00k
  • Anthony Kam (57yo)

    Non-Executive Director

    • Tenure: 25.8yrs
    • Compensation: HK$214.00k
  • Chun Kong Wong (58yo)

    Non Executive Director

    • Tenure: 11.6yrs
    • Compensation: HK$186.00k
  • David Cheung (51yo)

    Independent Non Executive Director

    • Tenure: 7.9yrs
    • Compensation: HK$230.00k

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$523.998m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
320SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 12:40
End of Day Share Price2019/09/17 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.