Executive Summary
PAX Global Technology Limited, an investment holding company, engages in the development and sale of electronic funds transfer point-of-sale products worldwide.
Snowflake
Fundamentals
Excellent balance sheet with proven track record.
Share Price & News
How has PAX Global Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
5.4%
327
0.8%
HK Electronic
0.9%
HK Market
1 Year Return
0.8%
327
-2.6%
HK Electronic
0.6%
HK Market
Return vs Industry: 327 exceeded the Hong Kong Electronic industry which returned -2.6% over the past year.
Return vs Market: 327 matched the Hong Kong Market which returned 0.6% over the past year.
Shareholder returns
| 327 | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.4% | 0.8% | 0.9% |
| 30 Day | 10.5% | -1.6% | 0.5% |
| 90 Day | 25.7% | 8.4% | -4.3% |
| 1 Year | 3.1%0.8% | 0.7%-2.6% | 4.2%0.6% |
| 3 Year | -24.9%-29.4% | -2.6%-10.3% | 15.6%4.0% |
| 5 Year | -44.0%-48.0% | 54.6%34.4% | 20.0%-0.08% |
Price Volatility Vs. Market
How volatile is PAX Global Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Should You Like PAX Global Technology Limited’s (HKG:327) High Return On Capital Employed?2 weeks ago | Simply Wall St
How PAX Global Technology Limited (HKG:327) Can Impact Your Portfolio Volatility3 weeks ago | Simply Wall St
Our Take On PAX Global Technology Limited's (HKG:327) CEO SalaryValuation
Is PAX Global Technology undervalued compared to its fair value and its price relative to the market?
7.3x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 327 (HK$3.91) is trading above our estimate of fair value (HK$3.9)
Significantly Below Fair Value: 327 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 327 is good value based on its PE Ratio (7.3x) compared to the Electronic industry average (8.7x).
PE vs Market: 327 is good value based on its PE Ratio (7.3x) compared to the Hong Kong market (10.3x).
Price to Earnings Growth Ratio
PEG Ratio: 327 is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: 327 is overvalued based on its PB Ratio (1x) compared to the HK Electronic industry average (0.9x).
Next Steps
Future Growth
How is PAX Global Technology forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
14.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 327's forecast earnings growth (14.2% per year) is above the savings rate (2%).
Earnings vs Market: 327's earnings (14.2% per year) are forecast to grow faster than the Hong Kong market (11.3% per year).
High Growth Earnings: 327's earnings are forecast to grow, but not significantly.
Revenue vs Market: 327's revenue (11.3% per year) is forecast to grow faster than the Hong Kong market (10.3% per year).
High Growth Revenue: 327's revenue (11.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 327's Return on Equity is forecast to be low in 3 years time (13.4%).
Next Steps
Past Performance
How has PAX Global Technology performed over the past 5 years?
2.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 327's earnings have grown by 2.7% per year over the past 5 years.
Accelerating Growth: 327's earnings growth over the past year (47%) exceeds its 5-year average (2.7% per year).
Earnings vs Industry: 327 earnings growth over the past year (47%) exceeded the Electronic industry -10.9%.
Return on Equity
High ROE: 327's Return on Equity (13.1%) is considered low.
Return on Assets
ROA vs Industry: 327 has a higher Return on Assets than the Electronic industry average last year.
Return on Capital Employed
ROCE Improving: 327's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is PAX Global Technology's financial position?
Financial Position Analysis
Short Term Liabilities: 327's short term assets (HK$6.1B) exceeds its short term liabilities (HK$2.0B)
Long Term Liabilities: 327's short term assets (6.1B) exceeds its long term liabilities (40.7M)
Debt to Equity History and Analysis
Debt Level: 327's debt to equity ratio (0.2%) is considered satisfactory
Reducing Debt: Insufficient data to determine if 327's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 327's debt is well covered by operating cash flow (8221.1%).
Interest Coverage: 327 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 327 has a high level of physical assets or inventory.
Debt Coverage by Assets: 327's debt is covered by short term assets (assets are 634.904660x debt).
Next Steps
Dividend
What is PAX Global Technology's current dividend yield, its reliability and sustainability?
2.05%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 327's dividend (2.05%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 327's dividend (2.05%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).
Stable Dividend: Whilst dividend payments have been stable, 327 has been paying a dividend for less than 10 years.
Growing Dividend: 327's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (14.9%), 327's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 327's dividends in 3 years are forecast to be well covered by earnings (17.2% payout ratio).
Next Steps
Management
What is the CEO of PAX Global Technology's salary, the management and board of directors tenure and is there insider trading?
7.5yrs
Average management tenure
CEO
Jack Lu (54yo)
6.4yrs
Tenure
HK$8,115,000
Compensation
Jie Lu is the Chief Executive Officer and an Executive Director of PAX Global Technology Limited (the “Company”) and the President of Pax Computer Technology (Shenzhen) Co., Ltd. He joined the Group in Aug ...
CEO Compensation Analysis
Compensation vs. Market: Jack's total compensation ($USD1.03M) is about average for companies of similar size in the Hong Kong market ($USD298.58K).
Compensation vs Earnings: Jack's compensation has increased by more than 20% in the past year.
Management Age and Tenure
7.5yrs
Average Tenure
54yo
Average Age
Experienced Management: 327's management team is seasoned and experienced (7.5 years average tenure).
Board Age and Tenure
8.8yrs
Average Tenure
54.5yo
Average Age
Experienced Board: 327's board of directors are considered experienced (8.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 1,852,000 |
| Max Price | HK$3.43 |
| Entity | Company |
| Shares | 300,000 |
| Max Price | HK$2.96 |
| Entity | Company |
| Shares | 2,396,000 |
| Max Price | HK$3.27 |
| Entity | Company |
| Shares | 422,800 |
| Max Price | HK$3.86 |
| Entity | Company |
| Shares | 108,000 |
| Max Price | HK$3.86 |
Ownership Breakdown
Management Team
Wenjin Li (55yo)
Executive Director
- Tenure: 9.7yrs
Yiu Kwong Chan (54yo)
Joint Company Secretary
- Tenure: 9.6yrs
Tiger Nie (57yo)
Chairman
- Tenure: 8.8yrs
- Compensation: HK$5.27m
Jack Lu (54yo)
CEO & Executive Director
- Tenure: 6.4yrs
- Compensation: HK$8.12m
Shaowen Luo (50yo)
Executive VP & Chairman of Pax Technology (Shenzhen)
- Tenure: 0yrs
Andy Chau
CEO & President of United States Operations
- Tenure: 8.6yrs
Ethan Cheung (35yo)
CFO & Joint Secretary
- Tenure: 3.8yrs
Board Members
Wenjin Li (55yo)
Executive Director
- Tenure: 9.7yrs
Wai Ming Yip (54yo)
Independent Non Executive Director
- Tenure: 8.8yrs
- Compensation: HK$380.00k
Tiger Nie (57yo)
Chairman
- Tenure: 8.8yrs
- Compensation: HK$5.27m
Min Wu (47yo)
Independent Non-Executive Director
- Tenure: 8.8yrs
- Compensation: HK$380.00k
Jack Lu (54yo)
CEO & Executive Director
- Tenure: 6.4yrs
- Compensation: HK$8.12m
Charles Man (60yo)
Independent Non-Executive Director
- Tenure: 8.8yrs
- Compensation: HK$380.00k
Company Information
PAX Global Technology Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: PAX Global Technology Limited
- Ticker: 327
- Exchange: SEHK
- Founded: 2000
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: HK$4.247b
- Shares outstanding: 1.10b
- Website: https://www.paxglobal.com.hk
Number of Employees
Location
- PAX Global Technology Limited
- Room 2416, Sun Hung Kai Centre
- 24th Floor
- Wanchai
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 327 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Dec 2010 |
| P8X | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2010 |
| PXGY.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Dec 2010 |
Biography
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, wirele ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 12:50 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.