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8113

Hi-Level Technology HoldingsSEHK:8113 Stock Report

Market Cap

HK$244.8m

7D

-2.6%

1Y

36.4%

Updated

25 Oct, 2021

Data

Company Financials
8113 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends2/6

8113 Overview

Hi-Level Technology Holdings Limited, an independent design house (IDH), engages in the sale of electronic components in the People’s Republic of China, Hong Kong, Taiwan, Korea, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Hi-Level Technology Holdings
Historical stock prices
Current Share PriceHK$0.38
52 Week HighHK$0.24
52 Week LowHK$0.49
Beta0.57
1 Month Change-2.60%
3 Month Change-19.36%
1 Year Change36.36%
3 Year Change-5.06%
5 Year Change-37.50%
Change since IPO-62.12%

Recent News & Updates

May 11
Most Shareholders Will Probably Find That The Compensation For Hi-Level Technology Holdings Limited's (HKG:8113) CEO Is Reasonable

Most Shareholders Will Probably Find That The Compensation For Hi-Level Technology Holdings Limited's (HKG:8113) CEO Is Reasonable

Shareholders may be wondering what CEO Benson Chang plans to do to improve the less than great performance at Hi-Level...

Shareholder Returns

8113HK ElectronicHK Market
7D-2.6%-1.1%0.4%
1Y36.4%28.2%6.7%

Return vs Industry: 8113 exceeded the Hong Kong Electronic industry which returned 27.9% over the past year.

Return vs Market: 8113 exceeded the Hong Kong Market which returned 5.9% over the past year.

Price Volatility

Is 8113's price volatile compared to industry and market?
8113 volatility
8113 Beta0.57
Industry Beta1.01
Market Beta1

Stable Share Price: 8113 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 8113's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000100Benson Changhttps://www.hi-levelhk.com

Hi-Level Technology Holdings Limited, an independent design house (IDH), engages in the sale of electronic components in the People’s Republic of China, Hong Kong, Taiwan, Korea, and internationally. The company offers integrated circuit and panels for consumer electronic products, such as mobile internet devices, electronic learning aids, multi-media players, smartphone panel modules, set-top boxes, video image devices, tablets, CVRs, Wi-Fi modules and connectors, digital cameras, sport and drone cameras, e-books, wearable devices, and other products. It offers its IDH services to original design manufacturers and original brand manufacturers.

Hi-Level Technology Holdings Fundamentals Summary

How do Hi-Level Technology Holdings's earnings and revenue compare to its market cap?
8113 fundamental statistics
Market CapHK$244.79m
Earnings (TTM)HK$49.21m
Revenue (TTM)HK$2.87b

5.0x

P/E Ratio

0.09x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
8113 income statement (TTM)
RevenueHK$2.87b
Cost of RevenueHK$2.77b
Gross ProfitHK$103.35m
ExpensesHK$54.13m
EarningsHK$49.21m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.075
Gross Margin3.60%
Net Profit Margin1.71%
Debt/Equity Ratio99.6%

How did 8113 perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

46%

Payout Ratio

Valuation

Is Hi-Level Technology Holdings undervalued compared to its fair value and its price relative to the market?

4.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 8113 (HK$0.38) is trading above our estimate of fair value (HK$0.31)

Significantly Below Fair Value: 8113 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 8113 is good value based on its PE Ratio (5x) compared to the Hong Kong Electronic industry average (8.9x).

PE vs Market: 8113 is good value based on its PE Ratio (5x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8113's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8113 is overvalued based on its PB Ratio (1.3x) compared to the HK Electronic industry average (0.8x).


Future Growth

How is Hi-Level Technology Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.3%

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 Hi-Level Technology 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 Hi-Level Technology Holdings performed over the past 5 years?

-1.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8113 has a high level of non-cash earnings.

Growing Profit Margin: 8113's current net profit margins (1.7%) are higher than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: 8113's earnings have declined by 1.8% per year over the past 5 years.

Accelerating Growth: 8113's earnings growth over the past year (227.7%) exceeds its 5-year average (-1.8% per year).

Earnings vs Industry: 8113 earnings growth over the past year (227.7%) exceeded the Electronic industry 50.5%.


Return on Equity

High ROE: 8113's Return on Equity (27%) is considered high.


Financial Health

How is Hi-Level Technology Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8113's short term assets (HK$830.9M) exceed its short term liabilities (HK$657.8M).

Long Term Liabilities: 8113's short term assets (HK$830.9M) exceed its long term liabilities (HK$2.4M).


Debt to Equity History and Analysis

Debt Level: 8113's debt to equity ratio (99.6%) is considered high.

Reducing Debt: 8113's debt to equity ratio has increased from 78.7% to 99.6% over the past 5 years.

Debt Coverage: 8113's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 8113's interest payments on its debt are well covered by EBIT (33.9x coverage).


Balance Sheet


Dividend

What is Hi-Level Technology Holdings's current dividend yield, its reliability and sustainability?

5.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 8113's dividend (5.33%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.22%).

High Dividend: 8113's dividend (5.33%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.77%).


Stability and Growth of Payments

Stable Dividend: 8113 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 8113's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.4%), 8113's dividend payments are well 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

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

6.0yrs

Average management tenure


CEO

Benson Chang (56 yo)

6yrs

Tenure

HK$1,148,000

Compensation

Mr. Chang Wei Hua, also known as Benson, has been Chief Executive Officer and Executive Director of Hi-Level Technology Holdings Limited since October 1, 2015. Mr. Chang served as General Manager of Hi-Lev...


CEO Compensation Analysis

Compensation vs Market: Benson's total compensation ($USD147.67K) is below average for companies of similar size in the Hong Kong market ($USD227.73K).

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


Leadership Team

Experienced Management: 8113's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: 8113's board of directors are considered experienced (5.9 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Hi-Level Technology Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Hi-Level Technology Holdings Limited
  • Ticker: 8113
  • Exchange: SEHK
  • Founded: 2000
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: HK$244.789m
  • Shares outstanding: 652.77m
  • Website: https://www.hi-levelhk.com

Number of Employees


Location

  • Hi-Level Technology Holdings Limited
  • Tower B, Hunghom Commercial Centre
  • 6th Floor
  • Hung Hom
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:51
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.