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567

Daisho Microline HoldingsSEHK:567 Stock Report

Market Cap

HK$112.9m

7D

1.3%

1Y

-5.0%

Updated

22 Oct, 2021

Data

Company Financials
567 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

567 Overview

Daisho Microline Holdings Limited, an investment holding company, manufactures and trades in printed circuit boards.

Price History & Performance

Summary of all time highs, changes and price drops for Daisho Microline Holdings
Historical stock prices
Current Share PriceHK$0.15
52 Week HighHK$0.10
52 Week LowHK$0.23
Beta-0.14
1 Month Change12.59%
3 Month Change0%
1 Year Change-5.00%
3 Year Change-36.40%
5 Year Changen/a
Change since IPO-71.32%

Recent News & Updates

Jul 07
Does Daisho Microline Holdings (HKG:567) Have A Healthy Balance Sheet?

Does Daisho Microline Holdings (HKG:567) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Mar 15
Is Daisho Microline Holdings (HKG:567) A Risky Investment?

Is Daisho Microline Holdings (HKG:567) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

567HK ElectronicHK Market
7D1.3%1.7%1.8%
1Y-5.0%26.7%5.7%

Return vs Industry: 567 underperformed the Hong Kong Electronic industry which returned 26.7% over the past year.

Return vs Market: 567 underperformed the Hong Kong Market which returned 5.7% over the past year.

Price Volatility

Is 567's price volatile compared to industry and market?
567 volatility
567 Beta-0.14
Industry Beta1.01
Market Beta1

Stable Share Price: 567 is more volatile than 90% of Hong Kong stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: 567's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
1990262Lei Huhttps://www.irasia.com/listco/hk/daisho/

Daisho Microline Holdings Limited, an investment holding company, manufactures and trades in printed circuit boards. The company is also involved in the trading of petroleum and energy products, and related business; and manufacturing and trading of printing and packaging products comprising paper packaging products, paper gift items, and paper promotional materials. It has operations in the People’s Republic of China, Hong Kong, Singapore, North America, Japan, Europe, and internationally.

Daisho Microline Holdings Fundamentals Summary

How do Daisho Microline Holdings's earnings and revenue compare to its market cap?
567 fundamental statistics
Market CapHK$112.93m
Earnings (TTM)-HK$37.50m
Revenue (TTM)HK$67.89m

1.8x

P/S Ratio

-3.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
567 income statement (TTM)
RevenueHK$67.89m
Cost of RevenueHK$55.62m
Gross ProfitHK$12.27m
ExpensesHK$49.77m
Earnings-HK$37.50m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.046
Gross Margin18.08%
Net Profit Margin-55.23%
Debt/Equity Ratio89.9%

How did 567 perform over the long term?

See historical performance and comparison

Valuation

Is Daisho Microline Holdings 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: 567 (HK$0.15) is trading below our estimate of fair value (HK$5.39)

Significantly Below Fair Value: 567 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 567 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Electronic industry average.

PE vs Market: 567 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 567's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 567 is overvalued based on its PB Ratio (1.3x) compared to the HK Electronic industry average (0.8x).


Future Growth

How is Daisho Microline Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.9%

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 Daisho Microline Holdings 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.


Past Performance

How has Daisho Microline Holdings performed over the past 5 years?

12.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 567 is currently unprofitable.

Growing Profit Margin: 567 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 567 is unprofitable, but has reduced losses over the past 5 years at a rate of 12.7% per year.

Accelerating Growth: Unable to compare 567's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 567 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (50.5%).


Return on Equity

High ROE: 567 has a negative Return on Equity (-39.42%), as it is currently unprofitable.


Financial Health

How is Daisho Microline Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 567's short term assets (HK$151.3M) exceed its short term liabilities (HK$126.0M).

Long Term Liabilities: 567's short term assets (HK$151.3M) exceed its long term liabilities (HK$9.1M).


Debt to Equity History and Analysis

Debt Level: 567's debt to equity ratio (89.9%) is considered high.

Reducing Debt: 567's debt to equity ratio has reduced from 104.4% to 89.9% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 567 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 567 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.9% per year.


Dividend

What is Daisho Microline Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 567's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 567's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 567's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 567's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 567's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Lei Hu (43 yo)

no data

Tenure

Mr. Lei Hu serves as Chief Executive Officer of the Major Subsidiary of the Daisho Microline Holdings Limited in Mainland China. He graduated from Harbin Institute of Technology with a Bachelor of electron...


Leadership Team

Experienced Management: 567's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: 567's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: 567 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.7%.


Top Shareholders

Company Information

Daisho Microline Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Daisho Microline Holdings Limited
  • Ticker: 567
  • Exchange: SEHK
  • Founded: 1990
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: HK$112.930m
  • Shares outstanding: 806.64m
  • Website: https://www.irasia.com/listco/hk/daisho/

Number of Employees


Location

  • Daisho Microline Holdings Limited
  • Unit A, Fook Hing Industrial Building
  • 10th Floor
  • Chai Wan
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 10:06
End of Day Share Price2021/10/22 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.