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, and internationally.
The last earnings update was 15 days ago.
Discounted Cash Flow Calculation for SEHK:8113 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
Hi-Level Technology Holdings
is arrived at by discounting future cash flows to their present value using the 2 stage method.
We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
SEHK:8113 DCF 1st Stage: Next 10 year cash flow forecast
Amount off the current price
Hi-Level Technology Holdings
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
Hi-Level Technology Holdings
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
Hi-Level Technology Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
Hi-Level Technology Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
Hi-Level Technology Holdings's
is considered below, and whether this is a fair price.
Price based on past earnings
Hi-Level Technology Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
Hi-Level Technology Holdings's earnings are expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
Unable to determine if Hi-Level Technology Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Hi-Level Technology Holdings's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Hi-Level Technology Holdings
has a total score of
1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Hi-Level Technology Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
Hi-Level Technology Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Hi-Level Technology Holdings has no long term commitments.
This treemap shows a more detailed breakdown of
Hi-Level Technology Holdings's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 2x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Wei Hua Chang, 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-Level Technology Limited of S.A.S. Dragon Holdings Ltd., since January 2007. He also has over 25 years of extensive experience in sales, marketing and undertaking R & D projects within electronics field. He served as General Manager of Hi-Level Hong Kong in 2000 and was served as Managing Director of Hi-Level Hong Kong since 2003. Mr. Chang joined Silicon Electronics Company Ltd. in Taiwan as an FAE from 1987 to 1990 and as sales engineer of Chesen Corp in Taiwan from 1991 to 1993. For the period from 1993 to 2000, he worked in several senior positions, such as sales manager, sales Vice President and served as General Manager of Winnington Electronics Ltd in late 1990. Mr. Chang joined S.A.S. Dragon Holdings Ltd. in January 2007. He has been Director of Hi-Level Technology Limited since January 2007. He Graduated from Tung-Nan Institute of Technology in Taiwan with a Bachelor's degree in Electronics Engineering in 1985.
Benson's compensation has been consistent with company performance over the past year, both up more than 20%.
Benson's remuneration is about average for companies of similar size in Hong Kong.
CEO & Executive Director
Sze Chung Tong
Xiao Ming Li
Executive Vice President of Remaining S.A.S Group
Board of Directors Tenure
Average tenure and age of the
Hi-Level Technology Holdings
board of directors in years:
The tenure for the Hi-Level Technology Holdings board of directors is about average.
Is Hi-Level Technology Holdings Limited's (HKG:8113) ROE Of 3.0% Concerning?
By way of learning-by-doing, we'll look at ROE to gain a better understanding of Hi-Level Technology Holdings Limited (HKG:8113). … Hi-Level Technology Holdings has a ROE of 3.0%, based on the last twelve months. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.030 in profit.
Is Hi-Level Technology Holdings Limited (HKG:8113) Excessively Paying Its CEO?
Benson Chang became the CEO of Hi-Level Technology Holdings Limited (HKG:8113) in 2015. … According to our data, Hi-Level Technology Holdings Limited has a market capitalization of HK$235m, and pays its CEO total annual compensation worth HK$1.3m. … We looked at a group of companies with market capitalizations under HK$1.6b, and the median CEO total compensation was HK$1.5m.
Did You Manage To Avoid Hi-Level Technology Holdings's 35% Share Price Drop?
That downside risk was realized by Hi-Level Technology Holdings Limited (HKG:8113) shareholders over the last year, as the share price declined 35%. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Unhappily, Hi-Level Technology Holdings had to report a 25% decline in EPS over the last year.
A Close Look At Hi-Level Technology Holdings Limited’s (HKG:8113) 28% ROCE
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Here's How P/E Ratios Can Help Us Understand Hi-Level Technology Holdings Limited (HKG:8113)
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Hi-Level Technology Holdings has a price to earnings ratio of 7.35, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
A Closer Look At Hi-Level Technology Holdings Limited's (HKG:8113) Impressive ROE
By way of learning-by-doing, we'll look at ROE to gain a better understanding Hi-Level Technology Holdings Limited (HKG:8113). … Hi-Level Technology Holdings has a ROE of 23%, based on the last twelve months. … One way to conceptualize this, is that for each HK$1 of shareholders' equity it has, the company made HK$0.23 in profit.
What Should Investors Know About Hi-Level Technology Holdings Limited's (HKG:8113) Return On Capital?
This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … To understand Hi-Level Technology Holdings’s capital returns we will look at a useful metric called return on capital employed. … Calculating Return On Capital Employed for 8113
Is Hi-Level Technology Holdings Limited (HKG:8113) A Financially Sound Company?
Investors are always looking for growth in small-cap stocks like Hi-Level Technology Holdings Limited (HKG:8113), with a market cap of HK$337.21m. … However, an important fact which most ignore is: how financially healthy is the business?
Has Hi-Level Technology Holdings Limited (HKG:8113) Improved Earnings In Recent Times?
Below, I will examine Hi-Level Technology Holdings Limited's (HKG:8113) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … View our latest analysis for Hi-Level Technology Holdings? … Did 8113's recent earnings growth beat the long-term trend and the industry.
Why Hi-Level Technology Holdings Limited's (HKG:8113) CEO Salary Matters To You
Benson Chang took the helm as Hi-Level Technology Holdings Limited's (HKG:8113) CEO and grew market cap to HK$389.09m recently. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … See our latest analysis for Hi-Level Technology Holdings
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, and internationally. It 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 cameras, drone cameras, e-books, wearable devices, and other products. The company offers its IDH services to original design manufacturers and original brand manufacturers. Hi-Level Technology Holdings Limited was founded in 2000 and is based in Hung Hom, Hong Kong.
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