PAX Global Technology
PAX Global Technology Limited, an investment holding company, engages in the development and sale of electronic funds transfer point-of-sale products worldwide. The last earnings update was 69 days ago. More info.
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327 Share Price and Events
7 Day Returns
1 Year Returns
327 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| PAX Global Technology (327) | 2.2% | -11.5% | -7.5% | -4.9% | -46.4% | -29.3% |
| HK Electronic | -9.8% | -20.6% | -15.1% | -42.6% | 2.1% | 18.2% |
| HK Market | -3.5% | -9.6% | -4.2% | -16.8% | 24.6% | 7.2% |
1 Year Return vs Industry and Market
- 327 outperformed the Electronic industry which returned -42.6% over the past year.
- 327 outperformed the Market in Hong Kong which returned -16.8% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
PAX Global Technology
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for PAX Global Technology.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.9% |
| Perpetual Growth Rate | 10-Year HK Government Bond Rate | 2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Electronic Unlevered Beta | Simply Wall St/ S&P Global | 1.05 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.046 (1 + (1- 25%) (0.23%)) |
1.032 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.03 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.032 * 6.65%) |
8.87% |
Discounted Cash Flow Calculation for SEHK:327 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for PAX Global Technology is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (HKD, Millions) | Source |
Present Value Discounted (@ 8.87%) |
|
|---|---|---|---|
| 2019 | 657.50 | Analyst x1 | 603.96 |
| 2020 | 493.80 | Analyst x1 | 416.65 |
| 2021 | 542.50 | Analyst x1 | 420.47 |
| 2022 | 581.48 | Est @ 7.18% | 413.98 |
| 2023 | 614.21 | Est @ 5.63% | 401.67 |
| 2024 | 642.11 | Est @ 4.54% | 385.72 |
| 2025 | 666.38 | Est @ 3.78% | 367.71 |
| 2026 | 688.02 | Est @ 3.25% | 348.73 |
| 2027 | 707.79 | Est @ 2.87% | 329.54 |
| 2028 | 726.29 | Est @ 2.61% | 310.61 |
| Present value of next 10 years cash flows | HK$3,999.04 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= HK$726.29 × (1 + 2%) ÷ (8.87% – 2%) |
HK$10,795.87 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= HK$10,795.87 ÷ (1 + 8.87%)10 |
HK$4,617.08 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= HK$3,999.04 + HK$4,617.08 |
HK$8,616.12 |
| Equity Value per Share (HKD) |
= Total value / Shares Outstanding
= HK$8,616.12 / 1,100.19 |
HK$7.83 |
| Calculation | Result | |
|---|---|---|
| Value per share (HKD) | From above. | HK$7.83 |
| Current discount | Discount to share price of
HK$3.31
= -1 x (HK$3.31 - HK$7.83) / HK$7.83 |
57.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- PAX Global Technology's share price is below the future cash flow value, and at a moderate discount (> 20%).
- PAX Global Technology's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for PAX Global Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
PAX Global Technology's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in HKD | HK$0.47 |
| SEHK:327 Share Price ** | SEHK (2019-05-21) in HKD | HK$3.31 |
| Hong Kong Electronic Industry PE Ratio | Median Figure of 59 Publicly-Listed Electronic Companies | 11.13x |
| Hong Kong Market PE Ratio | Median Figure of 1,477 Publicly-Listed Companies | 11.08x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of PAX Global Technology.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:327 Share Price ÷ EPS (both in HKD) = 3.31 ÷ 0.47 |
6.97x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PAX Global Technology is good value based on earnings compared to the HK Electronic industry average.
- PAX Global Technology is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
PAX Global Technology's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 6.97x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
15.2%per year |
| Hong Kong Electronic Industry PEG Ratio | Median Figure of 13 Publicly-Listed Electronic Companies | 0.61x |
| Hong Kong Market PEG Ratio | Median Figure of 463 Publicly-Listed Companies | 0.79x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 6.97x ÷ 15.2% |
0.46x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PAX Global Technology is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
PAX Global Technology's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in HKD | HK$3.86 |
| SEHK:327 Share Price * | SEHK (2019-05-21) in HKD | HK$3.31 |
| Hong Kong Electronic Industry PB Ratio | Median Figure of 83 Publicly-Listed Electronic Companies | 1.19x |
| Hong Kong Market PB Ratio | Median Figure of 2,156 Publicly-Listed Companies | 0.97x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:327 Share Price ÷ Book Value per Share (both in HKD) = 3.31 ÷ 3.86 |
0.86x |
* Primary Listing of PAX Global Technology.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PAX Global Technology is good value based on assets compared to the HK Electronic industry average.
Value checks
We assess PAX Global Technology's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) PAX Global Technology has a total score of 6/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- PAX Global Technology's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- PAX Global Technology's earnings growth is expected to exceed the Hong Kong market average.
- PAX Global Technology's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:327 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 15.2% |
| SEHK:327 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 9.7% |
| Hong Kong Electronic Industry Earnings Growth Rate | Market Cap Weighted Average | 18.3% |
| Hong Kong Electronic Industry Revenue Growth Rate | Market Cap Weighted Average | 12.8% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | -5.7% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 10.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in HKD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 5,800 | 546 | 797 | 2 |
| 2020-12-31 | 5,109 | 483 | 690 | 3 |
| 2019-12-31 | 4,524 | 574 | 579 | 3 |
| Date (Data in HKD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 4,415 | 198 | 522 |
| 2018-09-30 | 4,138 | 318 | 462 |
| 2018-06-30 | 3,861 | 438 | 401 |
| 2018-03-31 | 3,726 | 326 | 404 |
| 2017-12-31 | 3,591 | 214 | 408 |
| 2017-09-30 | 3,389 | 128 | 481 |
| 2017-06-30 | 3,188 | 41 | 555 |
| 2017-03-31 | 3,051 | 145 | 578 |
| 2016-12-31 | 2,915 | 250 | 601 |
| 2016-09-30 | 3,005 | 343 | 612 |
| 2016-06-30 | 3,096 | 436 | 622 |
| 2016-03-31 | 2,983 | 377 | 622 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from PAX Global Technology Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in HKD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 0.73 | 0.76 | 0.69 | 2.00 |
| 2020-12-31 | 0.63 | 0.64 | 0.62 | 3.00 |
| 2019-12-31 | 0.53 | 0.53 | 0.52 | 3.00 |
| Date (Data in HKD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.47 |
| 2018-09-30 | 0.42 |
| 2018-06-30 | 0.36 |
| 2018-03-31 | 0.37 |
| 2017-12-31 | 0.37 |
| 2017-09-30 | 0.43 |
| 2017-06-30 | 0.50 |
| 2017-03-31 | 0.52 |
| 2016-12-31 | 0.54 |
| 2016-09-30 | 0.55 |
| 2016-06-30 | 0.56 |
| 2016-03-31 | 0.56 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- PAX Global Technology is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess PAX Global Technology's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
PAX Global Technology has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has PAX Global Technology performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- PAX Global Technology's year on year earnings growth rate has been positive over the past 5 years.
- PAX Global Technology's 1-year earnings growth exceeds its 5-year average (28.2% vs 6.4%)
- PAX Global Technology's earnings growth has exceeded the HK Electronic industry average in the past year (28.2% vs -4.6%).
Earnings and Revenue History
All data from PAX Global Technology Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in HKD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 4,415.41 | 522.47 | 1,028.63 | |
| 2018-09-30 | 4,138.17 | 461.76 | 1,002.06 | |
| 2018-06-30 | 3,860.93 | 401.04 | 1,016.28 | |
| 2018-03-31 | 3,726.01 | 404.28 | 991.14 | |
| 2017-12-31 | 3,591.08 | 407.51 | 925.21 | |
| 2017-09-30 | 3,389.45 | 481.39 | 858.00 | |
| 2017-06-30 | 3,187.83 | 555.28 | 790.79 | |
| 2017-03-31 | 3,051.33 | 578.09 | 717.64 | |
| 2016-12-31 | 2,914.84 | 600.91 | 644.49 | |
| 2016-09-30 | 3,005.36 | 611.59 | 620.20 | |
| 2016-06-30 | 3,095.87 | 622.27 | 595.90 | |
| 2016-03-31 | 2,983.33 | 621.50 | 569.83 | |
| 2015-12-31 | 2,870.79 | 620.74 | 543.75 | |
| 2015-09-30 | 2,673.02 | 561.68 | 513.19 | |
| 2015-06-30 | 2,475.25 | 502.63 | 482.63 | |
| 2015-03-31 | 2,424.26 | 447.22 | 477.38 | |
| 2014-12-31 | 2,373.27 | 391.81 | 472.12 | |
| 2014-09-30 | 2,110.15 | 362.89 | 426.34 | |
| 2014-06-30 | 1,847.04 | 333.98 | 380.55 | |
| 2014-03-31 | 1,659.76 | 280.26 | 347.46 | |
| 2013-12-31 | 1,472.49 | 226.54 | 314.36 | |
| 2013-09-30 | 1,443.55 | 208.45 | 296.04 | |
| 2013-06-30 | 1,414.62 | 190.36 | 277.72 | |
| 2013-03-31 | 1,363.97 | 186.66 | 274.37 | |
| 2012-12-31 | 1,313.33 | 182.96 | 271.01 | |
| 2012-09-30 | 1,247.45 | 190.45 | 266.90 | |
| 2012-06-30 | 1,181.57 | 197.93 | 262.79 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- PAX Global Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- PAX Global Technology used its assets more efficiently than the HK Electronic industry average last year based on Return on Assets.
- PAX Global Technology's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess PAX Global Technology's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
PAX Global Technology has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is PAX Global Technology's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up PAX Global Technology's finances.
The net worth of a company is the difference between its assets and liabilities.
- PAX Global Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- PAX Global Technology's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 648.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from PAX Global Technology Company Filings, last reported 4 months ago.
| Date (Data in HKD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 4,212.61 | 8.24 | 2,168.56 |
| 2018-09-30 | 4,212.61 | 8.24 | 2,168.56 |
| 2018-06-30 | 4,149.51 | 12.07 | 2,042.57 |
| 2018-03-31 | 4,149.51 | 12.07 | 2,042.57 |
| 2017-12-31 | 3,897.07 | 14.37 | 2,181.83 |
| 2017-09-30 | 3,897.07 | 14.37 | 2,181.83 |
| 2017-06-30 | 3,797.78 | 0.00 | 1,867.04 |
| 2017-03-31 | 3,797.78 | 0.00 | 1,867.04 |
| 2016-12-31 | 3,501.28 | 0.00 | 2,276.12 |
| 2016-09-30 | 3,501.28 | 0.00 | 2,276.12 |
| 2016-06-30 | 3,426.95 | 0.00 | 2,050.69 |
| 2016-03-31 | 3,426.95 | 0.00 | 2,050.69 |
| 2015-12-31 | 3,090.60 | 0.00 | 2,188.03 |
| 2015-09-30 | 3,090.60 | 0.00 | 2,188.03 |
| 2015-06-30 | 2,878.99 | 0.00 | 1,724.07 |
| 2015-03-31 | 2,878.99 | 0.00 | 1,724.07 |
| 2014-12-31 | 2,548.18 | 0.00 | 1,932.81 |
| 2014-09-30 | 2,548.18 | 0.00 | 1,932.81 |
| 2014-06-30 | 2,316.77 | 0.00 | 1,554.64 |
| 2014-03-31 | 2,316.77 | 0.00 | 1,554.64 |
| 2013-12-31 | 2,087.12 | 0.00 | 1,704.73 |
| 2013-09-30 | 2,087.12 | 0.00 | 1,704.73 |
| 2013-06-30 | 1,927.75 | 0.00 | 1,267.05 |
| 2013-03-31 | 1,927.75 | 0.00 | 1,267.05 |
| 2012-12-31 | 1,810.83 | 0.00 | 1,378.82 |
| 2012-09-30 | 1,810.83 | 0.00 | 1,378.82 |
| 2012-06-30 | 1,685.90 | 0.00 | 969.89 |
- PAX Global Technology's level of debt (0.2%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0% vs 0.2% today).
- Debt is well covered by operating cash flow (2405.1%, greater than 20% of total debt).
- PAX Global Technology earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess PAX Global Technology's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) PAX Global Technology has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is PAX Global Technology's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
HK$2,000 of
PAX Global Technology
shares you are expected to receive
HK$48
in your first year as a dividend.
Dividend Amount
- PAX Global Technology's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.09%).
- PAX Global Technology's dividend is below the markets top 25% of dividend payers in Hong Kong (5.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Electronic Industry Average Dividend Yield | Market Cap Weighted Average of 39 Stocks | 3.1% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 968 Stocks | 3.6% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in HK$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.12 | 1.00 |
| 2020-12-31 | 0.10 | 2.00 |
| 2019-12-31 | 0.10 | 2.00 |
| Date (Data in HK$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-06 | 0.080 | 2.230 |
| 2018-08-08 | 0.080 | 2.241 |
| 2018-03-13 | 0.080 | 2.152 |
| 2018-03-07 | 0.080 | 2.082 |
| 2017-08-09 | 0.080 | 2.058 |
| 2017-03-08 | 0.080 | 1.629 |
| 2016-08-16 | 0.080 | 1.502 |
| 2016-08-09 | 0.080 | 1.232 |
| 2016-03-14 | 0.040 | 0.603 |
| 2016-03-08 | 0.040 | 0.509 |
| 2015-08-11 | 0.040 | 0.480 |
| 2015-08-06 | 0.040 | 0.400 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, PAX Global Technology has been paying a dividend for less than 10 years.
- Dividend payments have increased, but PAX Global Technology only paid a dividend in the past 4 years.
Income/ dividend checks
We assess PAX Global Technology's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can PAX Global Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) PAX Global Technology has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | HK$8,115,000 |
| AGE | 53 |
| TENURE AS CEO | 6 years |
CEO Bio
Jie Lu is the Chief Executive Officer and an Executive Director of PAX Global Technology Limited (the “Company”) and the President of Pax Computer Technology (Shenzhen) Co., Ltd. He joined the Group in August 2001. Mr. Lu has over 15 years of experience in sales and marketing in the electronic payment industry and served a number of management positions and executive role at Beijing Order Computer Company, a system integration company, from 1998 to 2001, including General Manager of insurance department, General Manager of marketing department and Vice President of the Company. He had also worked as an Engineer of the Ministry of Geology and Mineral Resources of the People's Republic of China and the Chinese Academy of Geological Sciences from 1986 to 1994 and from 1994 to 1995 respectively. Mr. Lu holds bachelor's a degree from Chengdu Geology Institute. He obtained an Executive Master of Business Administration degree from the Cheung Kong Graduate School of Business in 2010. He was appointed as the Chief Executive Officer and an Executive Director of the Company in May 2013.
CEO Compensation
- Jack's compensation has been consistent with company performance over the past year, both up more than 20%.
- Jack's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure
Average tenure and age of the PAX Global Technology management team in years:
- The average tenure for the PAX Global Technology management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Tiger Nie
Executive Chairman
HK$5M
56
Jack Lu
CEO & Executive Director
HK$8M
53
6 yrs
Wenjin Li
Executive Director
54
Ethan Cheung
CFO & Joint Secretary
34
3.3 yrs
Shaowen Luo
Executive VP & Chairman of Pax Technology (Shenzhen)
49
Yiu Kwong Chan
Joint Company Secretary
53
9.2 yrs
Andy Chau
CEO & President of United States Operations
8.2 yrs
Agnes Lau
Joint Company Secretary
2.8 yrs
Board of Directors Tenure
Average tenure and age of the PAX Global Technology board of directors in years:
- The tenure for the PAX Global Technology board of directors is about average.
Board of Directors
Tiger Nie
Executive Chairman
HK$5M
56
8.4 yrs
Jack Lu
CEO & Executive Director
HK$8M
53
6 yrs
Wenjin Li
Executive Director
54
9.3 yrs
Min Wu
Independent Non-Executive Director
HK$380K
46
8.4 yrs
Wai Ming Yip
Independent Non Executive Director
HK$380K
53
8.4 yrs
Charles Man
Independent Non-Executive Director
HK$380K
59
8.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17. Dec 18 | Sell | Franklin Resources, Inc. | Company | 12. Dec 18 | 12. Dec 18 | -2,396,000 | HK$3.27 | HK$-7,831,797 | ||
| 22. Nov 18 | Sell | Franklin Resources, Inc. | Company | 19. Nov 18 | 19. Nov 18 | -422,800 | HK$3.86 | HK$-1,630,824 | ||
| 08. Nov 18 | Sell | Kopernik Global Investors, LLC | Company | 06. Nov 18 | 06. Nov 18 | -108,000 | HK$3.86 | HK$-416,599 | ||
| 01. Sep 18 | Sell | Kopernik Global Investors, LLC | Company | 30. Aug 18 | 30. Aug 18 | -514,000 | HK$3.90 | HK$-2,005,731 | ||
Management checks
We assess PAX Global Technology's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) PAX Global Technology has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
PAX Global Technology Limited (HKG:327): Commentary On Fundamentals
Investors have the opportunity to buy into the stock to reap capital gains, if 327's projected earnings trajectory does follow analyst consensus growth, which determines my intrinsic value of the company. … Also, relative to the rest of its peers with similar levels of earnings, 327's share price is trading below the group's average. … SEHK:327 Intrinsic value, May 13th 2019 Next Steps: For PAX Global Technology, I've compiled three essential factors you should look at: Future Outlook: What are well-informed industry analysts predicting for 327’s future growth?
Simply Wall St - – Full articleOnly 2 Days Left To Cash In On PAX Global Technology Limited (HKG:327) Dividend
If you are interested in cashing in on PAX Global Technology Limited's (HKG:327) upcoming dividend of HK$0.04 per share, you only have 2 days left to buy the shares before its ex-dividend date, 08 May 2019, in time for dividends payable on the 29 May 2019. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine PAX Global Technology's latest financial data to analyse its dividend characteristics. … Here's how I find good dividend stocks?
Simply Wall St - – Full articleHow Do Analysts See PAX Global Technology Limited (HKG:327) Performing In The Next Couple Of Years?
PAX Global Technology Limited's (HKG:327) released its most recent earnings update in December 2018, whicha
Simply Wall St - – Full articlePAX Global Technology Limited (HKG:327): What Does The Future Look Like?
In December 2018, PAX Global Technology Limited (HKG:327) released its earnings update. … with earnings expected to grow by 11% in the upcoming year … the past 5-year average growth rate of 6.4%
Simply Wall St - – Full articleWhat Does PAX Global Technology Limited's (HKG:327) Share Price Indicate?
Less-covered, small caps sees more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … So, could the stock still be trading at a low price relative to its actual value. … Let’s take a look at PAX Global Technology’s outlook and value based on the most recent financial data to see if the opportunity still exists
Simply Wall St - – Full articlePAX Global Technology Limited (HKG:327) Has A ROE Of 12%
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows PAX Global Technology has a return on equity of 12% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articlePAX Global Technology Limited (HKG:327) Is Employing Capital Very Effectively
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleThe PAX Global Technology Share Price Is Down 50% So Some Shareholders Are Getting Worried
PAX Global Technology Limited (HKG:327) shareholders should be happy to see the share price up 11% in the last quarter. … In fact, the share price is down 50% in the last three years, falling well short of the market return. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).
Simply Wall St - – Full articlePAX Global Technology Limited (HKG:327) Has Attractive Fundamentals
Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on PAX Global Technology Limited (HKG:327) due to its excellent fundamentals in more than one area. … is a company that has been able to sustain great financial health, trading at an attractive share price
Simply Wall St - – Full articleCan We See Significant Institutional Ownership On The PAX Global Technology Limited (HKG:327) Share Register?
A look at the shareholders of PAX Global Technology Limited (HKG:327) can tell us which group is most powerful. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … PAX Global Technology is a smaller company with a market capitalization of HK$3.6b, so it may still be flying under the radar of many institutional investors.
Simply Wall St - – Full articleCompany Info
Description
PAX Global Technology Limited, an investment holding company, engages in the development and sale of electronic funds transfer point-of-sale products worldwide. It offers Smart POS, ECR, countertop, wireless, mobile, pin pad, and multilane E-payment terminals, as well as other accessories to process a range of electronic payment types, including signature and PIN-based debit cards, credit cards, contactless/radio frequency identification cards, RF-enabled mobile phones, QR code, IC cards, and pre-paid gift and other stored-value cards. The company also develops and sells consumer activated devices and contactless devices, as well as E-payment terminal software; and provides after-sales services. In addition, it provides payment solutions services, and maintenance and installation services. The company sells its E-payment terminal solutions for the mobile and other payment solutions, services, and/or platforms. PAX Global Technology Limited was founded in 2000 and is headquartered in Wanchai, Hong Kong.
Details
| Name: | PAX Global Technology Limited |
| 327 | |
| Exchange: | SEHK |
| Founded: | 2000 |
| HK$3,564,628,560 | |
| 1,100,194,000 | |
| Website: | http://www.paxglobal.com.hk |
| Address: |
PAX Global Technology Limited Room 2416, Sun Hung Kai Centre, 24th Floor, Wanchai, Hong Kong |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 327 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 20. Dec 2010 | |
| OTCPK | PXGY.F | Ordinary Shares | Pink Sheets LLC | US | USD | 20. Dec 2010 | |
| DB | P8X | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 20. Dec 2010 | |
| SZSC | 327 | Ordinary Shares | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 20. Dec 2010 |
Number of employees
Current staff
Industry
| Electronic Equipment and Instruments | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/21 12:55 |
| End of day share price update: | 2019/05/21 00:00 |
| Last estimates confirmation: | 2019/04/10 |
| Last earnings filing: | 2019/03/13 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
