SEHK:3315

Stock Analysis Report

Executive Summary

Goldpac Group Limited, an investment holding company, provides embedded software and secure payment products for smart secure payment in Hong Kong an internationally.

Rewards

Trading at 28.4% below its fair value

Risk Analysis

Earnings have declined by -5.17% per year over past 5 years

Unstable dividend track record



Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 3315 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.6%

3315

2.5%

HK Tech

0.6%

HK Market


1 Year Return

-5.9%

3315

-24.0%

HK Tech

-0.06%

HK Market

Return vs Industry: 3315 exceeded the Hong Kong Tech industry which returned -24% over the past year.

Return vs Market: 3315 underperformed the Hong Kong Market which returned -0.1% over the past year.


Shareholder returns

3315IndustryMarket
7 Day-0.6%2.5%0.6%
30 Day-5.3%-1.5%-3.6%
90 Day-8.3%-3.1%-0.01%
1 Year4.1%-5.9%-23.3%-24.0%3.5%-0.06%
3 Year9.7%-15.3%-0.6%-9.4%19.5%7.4%
5 Year-53.8%-67.2%-32.5%-46.0%18.4%-1.4%

Price Volatility Vs. Market

How volatile is Goldpac Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Goldpac Group undervalued compared to its fair value and its price relative to the market?

28.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3315 (HK$1.77) is trading below our estimate of fair value (HK$2.47)

Significantly Below Fair Value: 3315 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3315 is good value based on its PE Ratio (7.5x) compared to the Tech industry average (9.3x).

PE vs Market: 3315 is good value based on its PE Ratio (7.5x) compared to the Hong Kong market (10.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3315's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3315 is good value based on its PB Ratio (0.7x) compared to the HK Tech industry average (0.9x).


Next Steps

Future Growth

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

22.7%

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 Goldpac 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 Goldpac Group performed over the past 5 years?

-5.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3315 has high quality earnings.

Growing Profit Margin: 3315's current net profit margins (12.3%) are lower than last year (12.6%).


Past Earnings Growth Analysis

Earnings Trend: 3315's earnings have declined by -5.2% per year over the past 5 years.

Accelerating Growth: 3315's earnings growth over the past year (4%) exceeds its 5-year average (-5.2% per year).

Earnings vs Industry: 3315 earnings growth over the past year (4%) underperformed the Tech industry 21.5%.


Return on Equity

High ROE: 3315's Return on Equity (9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Goldpac Group's financial position?


Financial Position Analysis

Short Term Liabilities: 3315's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥530.7M).

Long Term Liabilities: 3315's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥27.1M).


Debt to Equity History and Analysis

Debt Level: 3315 is debt free.

Reducing Debt: 3315 has no debt compared to 5 years ago when its debt to equity ratio was 4.7%.

Debt Coverage: 3315 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 3315 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 3315 has a high level of physical assets or inventory.

Debt Coverage by Assets: 3315's debt is covered by short term assets (assets are 1.0401018303416E+18x debt).


Next Steps

Dividend

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

10.81%

Current Dividend Yield


Dividend Yield vs Market

company10.8%marketbottom25%2.3%markettop25%6.3%industryaverage3.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 3315's dividend (10.81%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 3315's dividend (10.81%) is in the top 25% of dividend payers in the Hong Kong market (6.26%)


Stability and Growth of Payments

Stable Dividend: 3315 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 3315's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.1%), 3315's dividend payments are 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

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

8.9yrs

Average management tenure


CEO

Ping Hou (59yo)

8.9yrs

Tenure

CN¥5,218,000

Compensation

Mr. Ping Hou has been Chief Executive Officer of Goldpac Group Ltd. since 2011. Mr. Hou is primarily responsible for the overall management of Goldpac Group. Mr. Hou has been an Executive Director of Goldp ...


CEO Compensation Analysis

Compensation vs Market: Ping's total compensation ($USD741.70K) is above average for companies of similar size in the Hong Kong market ($USD288.49K).

Compensation vs Earnings: Ping's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.9yrs

Average Tenure

54.5yo

Average Age

Experienced Management: 3315's management team is seasoned and experienced (8.9 years average tenure).


Board Age and Tenure

6.1yrs

Average Tenure

56yo

Average Age

Experienced Board: 3315's board of directors are considered experienced (6.1 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Run Lu (65yo)

    Chairman

    • Tenure: 8.9yrs
    • Compensation: CN¥6.16m
  • Ping Hou (59yo)

    CEO & Executive Director

    • Tenure: 8.9yrs
    • Compensation: CN¥5.22m
  • Runyi Lu (61yo)

    Senior VP & Executive Director

    • Tenure: 15yrs
    • Compensation: CN¥2.39m
  • Xiaozhong Lu (51yo)

    Senior VP & Executive Director

    • Tenure: 6.6yrs
    • Compensation: CN¥1.31m
  • Yijin Li (49yo)

    CFO & Company Secretary

    • Tenure: 7.9yrs
  • Jun Li (58yo)

    Chief Technology Officer

    • Tenure: 6.9yrs
  • Siqiang Wu (47yo)

    COO & Executive Director

    • Tenure: 2.6yrs
    • Compensation: CN¥1.60m
  • Wai Ling (32yo)

    Executive Director

    • Tenure: 2.6yrs
    • Compensation: CN¥169.00k

Board Members

  • Alvin Mak (67yo)

    Independent Non-Executive Director

    • Tenure: 6.1yrs
    • Compensation: CN¥226.00k
  • Run Lu (65yo)

    Chairman

    • Tenure: 8.9yrs
    • Compensation: CN¥6.16m
  • Ping Hou (59yo)

    CEO & Executive Director

    • Tenure: 8.9yrs
    • Compensation: CN¥5.22m
  • Runyi Lu (61yo)

    Senior VP & Executive Director

    • Tenure: 15yrs
    • Compensation: CN¥2.39m
  • Xiaozhong Lu (51yo)

    Senior VP & Executive Director

    • Tenure: 6.6yrs
    • Compensation: CN¥1.31m
  • Siqiang Wu (47yo)

    COO & Executive Director

    • Tenure: 2.6yrs
    • Compensation: CN¥1.60m
  • Lu Ye (56yo)

    Independent Non-Executive Director

    • Tenure: 2.6yrs
    • Compensation: CN¥169.00k
  • Wai Ling (32yo)

    Executive Director

    • Tenure: 2.6yrs
    • Compensation: CN¥169.00k
  • Geng Yang (43yo)

    Independent Non-Executive Director

    • Tenure: 0.6yrs

Company Information

Goldpac Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Goldpac Group Limited
  • Ticker: 3315
  • Exchange: SEHK
  • Founded: 1995
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: HK$1.484b
  • Shares outstanding: 833.56m
  • Website: https://www.goldpac.com

Number of Employees


Location

  • Goldpac Group Limited
  • Bank of East Asia
  • Room 1301, 13th Floor
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3315SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2013
G9DDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2013

Biography

Goldpac Group Limited, an investment holding company, provides embedded software and secure payment products for smart secure payment in Hong Kong an internationally. The company operates through Embedded  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/09 12:47
End of Day Share Price2019/12/09 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.