SEHK:320

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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. More Details


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

-9.9%

320

-3.0%

HK Electronic

-2.9%

HK Market


1 Year Return

-45.8%

320

-8.3%

HK Electronic

-1.5%

HK Market

Return vs Industry: 320 underperformed the Hong Kong Electronic industry which returned -8.3% over the past year.

Return vs Market: 320 underperformed the Hong Kong Market which returned -1.5% over the past year.


Shareholder returns

320IndustryMarket
7 Day-9.9%-3.0%-2.9%
30 Day4.9%-4.1%-6.7%
90 Day-5.9%-3.2%0.2%
1 Year-43.5%-45.8%-5.3%-8.3%2.4%-1.5%
3 Year-73.4%-76.8%-37.0%-42.2%-7.5%-17.4%
5 Year-59.9%-68.3%14.6%-0.9%15.4%-4.0%

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 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$5.99)

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 (24.4x) compared to the HK Electronic industry average (13.3x).

PE vs Market: 320 is poor value based on its PE Ratio (24.4x) compared to the Hong Kong market (11x).


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?

20.2%

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

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?

4.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 320's dividend (4.09%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.29%).

High Dividend: 320's dividend (4.09%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.99%).


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?

1.7yrs

Average management tenure


CEO

Bernard Auyang (53 yo)

0.42

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

NamePositionTenureCompensationOwnership
Ho Auyang
Founder & Chairman of the Boardno dataHK$3.31m42.1%
HK$ 114.9m
Pak Hong Auyang
CEO & Executive Director0.42yrHK$37.00kno data
Wah Shun Wong
President & Executive Directorno datano datano data
Yiu Ming Poon
Chief Financial Officer2.67yrsno datano data
Chi Man Poon
Chief Operating Officer1.67yrsno datano data
Pak Tong Ho
Vice President of Global Human Resourcesno datano datano data
Wai Leung Ha
Executive Vice President of SALUS North Americano datano datano data
Lap Hung Choi
Executive Vice President of Control Solutions0.33yrno datano data
Ka Man So
Company Secretary2.83yrsno datano data

1.7yrs

Average Tenure

57yo

Average Age

Experienced Management: 320's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ho Auyang
Founder & Chairman of the Boardno dataHK$3.31m42.1%
HK$ 114.9m
Pak Hong Auyang
CEO & Executive Director0.42yrHK$37.00kno data
Wah Shun Wong
President & Executive Directorno datano datano data
Patrick Thomas Siewert
Independent Non-Executive Director14yrsHK$285.00kno data
Roy Kuan
Independent Non-Executive Directorno datano datano data
Koon Hoo Luk
Independent Non-Executive Director14yrsHK$285.00kno data
Chi Chiu Kam
Non-Executive Director26.83yrsHK$234.00kno data
Chun Kong Wong
Non Executive Director12.58yrsHK$186.00kno data
Pak Chuen Ho
Independent Non-Executive Director0.17yrno datano data

13.3yrs

Average Tenure

59yo

Average Age

Experienced Board: 320's board of directors are seasoned and experienced ( 13.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: 320 insiders have bought and sold the same number of shares 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$272.916m
  • 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

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 Analysis2020/09/29 12:54
End of Day Share Price2020/09/29 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.