SEHK:6036

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Apex Ace Holding

Executive Summary

Apex Ace Holding Limited, an investment holding company, sells electronic components in Hong Kong, the People’s Republic of China, and internationally.


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Apex Ace Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6036's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-11.5%

6036

-1.9%

HK Electronic

-3.0%

HK Market


1 Year Return

-30.6%

6036

-3.3%

HK Electronic

-11.2%

HK Market

Return vs Industry: 6036 underperformed the Hong Kong Electronic industry which returned -4% over the past year.

Return vs Market: 6036 underperformed the Hong Kong Market which returned -11.5% over the past year.


Shareholder returns

6036IndustryMarket
7 Day-11.5%-1.9%-3.0%
30 Day26.4%1.1%-1.2%
90 Day30.1%-18.8%-10.0%
1 Year-28.9%-30.6%-1.5%-3.3%-8.2%-11.2%
3 Yearn/a-20.9%-26.6%-5.5%-14.9%
5 Yearn/a5.0%-7.9%-17.8%-30.5%

Price Volatility Vs. Market

How volatile is Apex Ace Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Apex Ace Holding 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: 6036 (HK$0.18) is trading below our estimate of fair value (HK$0.57)

Significantly Below Fair Value: 6036 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 6036 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: 6036 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 6036's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6036 is good value based on its PB Ratio (0.6x) compared to the HK Electronic industry average (0.7x).


Next Steps

Future Growth

How is Apex Ace Holding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.5%

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 Apex Ace Holding 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 Apex Ace Holding performed over the past 5 years?

-24.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6036 is currently unprofitable.

Growing Profit Margin: 6036 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 6036 is unprofitable, and losses have increased over the past 5 years at a rate of -24.4% per year.

Accelerating Growth: Unable to compare 6036's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 6036 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-4.3%).


Return on Equity

High ROE: 6036 has a negative Return on Equity (-2.95%), as it is currently unprofitable.


Next Steps

Financial Health

How is Apex Ace Holding's financial position?


Financial Position Analysis

Short Term Liabilities: 6036's short term assets (HK$799.2M) exceed its short term liabilities (HK$626.2M).

Long Term Liabilities: 6036's short term assets (HK$799.2M) exceed its long term liabilities (HK$927.0K).


Debt to Equity History and Analysis

Debt Level: 6036's debt to equity ratio (112.2%) is considered high.

Reducing Debt: 6036's debt to equity ratio has increased from 60.3% to 112.2% over the past 5 years.

Debt Coverage: 6036's debt is well covered by operating cash flow (33.1%).

Interest Coverage: 6036 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Apex Ace Holding's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 6036's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 6036'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 6036's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6036's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 6036 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 6036'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?

1.8yrs

Average management tenure


CEO

Bing Kwong Lee (64yo)

no data

Tenure

HK$1,733,000

Compensation

Mr. Bing Kwong Lee serves as the chief executive officer of Group and the chairman of the Board of Apex Ace Holding Ltd. He has been executive Director since July 4, 2012. He is the founder of the Group an ...


CEO Compensation Analysis

Compensation vs Market: Bing Kwong's total compensation ($USD223.44K) is about average for companies of similar size in the Hong Kong market ($USD224.60K).

Compensation vs Earnings: Bing Kwong's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Bing Kwong Lee
Chairman & CEOno dataHK$1.73m75% HK$137.3m
Yuen Kin Lo
Executive Director6.25yrsHK$465.00kno data
Yuen Lai Lo
Executive Director1.17yrsHK$669.00kno data
Yuen Ting Leung
Financial Controller1.83yrsno datano data
Yuen Ho
Financial Controller1.83yrsno datano data
Chak Hol Lee
Deputy Chief Executive Officerno datano datano data
Siu Man Kwok
Company Secretary & Authorized Representative1.75yrsno datano data

1.8yrs

Average Tenure

56yo

Average Age

Experienced Management: 6036's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Bing Kwong Lee
Chairman & CEOno dataHK$1.73m75% HK$137.3m
Yuen Kin Lo
Executive Director6.25yrsHK$465.00kno data
Yuen Lai Lo
Executive Director1.17yrsHK$669.00kno data
Siu Kui Cheung
Independent Non-Executive Director2.25yrsHK$180.00kno data
Kwok Man Yim
Independent Non-Executive Director2.25yrsHK$180.00kno data
Terence Chow
Independent Non-Executive Director2.25yrsHK$180.00kno data

2.3yrs

Average Tenure

60yo

Average Age

Experienced Board: 6036's board of directors are not considered experienced ( 2.3 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: 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.


Top Shareholders

Company Information

Apex Ace Holding Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Apex Ace Holding Limited
  • Ticker: 6036
  • Exchange: SEHK
  • Founded: 2005
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: HK$183.000m
  • Shares outstanding: 1.00b
  • Website: https://www.apexace.com

Number of Employees


Location

  • Apex Ace Holding Limited
  • Sun Cheong Industrial Building
  • 1st Floor
  • Kowloon
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
6036SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2018

Biography

Apex Ace Holding Limited, an investment holding company, sells electronic components in Hong Kong, the People’s Republic of China, and internationally. The company operates through two segments: Digital Storage Products and General Components. It offers DRAM, flash, and MCP memory products for multimedia and mobile devices, such as set-top boxes, smart TVs, wearables devices, mobile phones, etc. The company also provides switches, connectors, passive components, main chips, sensors, power semiconductors, and analog-to-digital converters for use in the mobile and multimedia devices. In addition, it is involved in the integration and sale of storage systems; properties holding activities; and provision of related supporting services. The company was founded in 2005 and is headquartered in Kowloon, Hong Kong. Apex Ace Holding Limited is a subsidiary of Best Sheen Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/25 13:29
End of Day Share Price2020/05/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.