SEHK:8113

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Hi-Level Technology Holdings

Executive Summary

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.


Snowflake Analysis

Adequate balance sheet with proven track record.

Share Price & News

How has Hi-Level Technology Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8113's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.2%

8113

-3.8%

HK Electronic

-3.7%

HK Market


1 Year Return

-23.1%

8113

-3.9%

HK Electronic

-10.0%

HK Market

Return vs Industry: 8113 underperformed the Hong Kong Electronic industry which returned -3.9% over the past year.

Return vs Market: 8113 underperformed the Hong Kong Market which returned -10% over the past year.


Shareholder returns

8113IndustryMarket
7 Day4.2%-3.8%-3.7%
30 Day0%-0.3%-1.5%
90 Day-21.9%-17.8%-8.8%
1 Year-17.8%-23.1%-1.5%-3.9%-6.9%-10.0%
3 Year-54.8%-59.7%-19.2%-25.8%-3.9%-13.7%
5 Yearn/a6.9%-6.8%-16.3%-29.2%

Price Volatility Vs. Market

How volatile is Hi-Level Technology Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hi-Level Technology 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: 8113 (HK$0.25) is trading below our estimate of fair value (HK$2.94)

Significantly Below Fair Value: 8113 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8113 is poor value based on its PE Ratio (11.1x) compared to the Electronic industry average (8.7x).

PE vs Market: 8113 is poor value based on its PE Ratio (11.1x) compared to the Hong Kong market (9.3x).


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 (1.2x) compared to the HK Electronic industry average (0.7x).


Next Steps

Future Growth

How is Hi-Level Technology Holdings 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 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.


Next Steps

Past Performance

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

-10.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8113 has high quality earnings.

Growing Profit Margin: 8113's current net profit margins (0.8%) are higher than last year (0.08%).


Past Earnings Growth Analysis

Earnings Trend: 8113's earnings have declined by -10.3% per year over the past 5 years.

Accelerating Growth: 8113's earnings growth over the past year (966.5%) exceeds its 5-year average (-10.3% per year).

Earnings vs Industry: 8113 earnings growth over the past year (966.5%) exceeded the Electronic industry -4.3%.


Return on Equity

High ROE: 8113's Return on Equity (10.7%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: 8113's short term assets (HK$548.8M) exceed its short term liabilities (HK$416.8M).

Long Term Liabilities: 8113's short term assets (HK$548.8M) exceed its long term liabilities (HK$360.0K).


Debt to Equity History and Analysis

Debt Level: 8113's debt to equity ratio (107%) is considered high.

Reducing Debt: 8113's debt to equity ratio has increased from 34.8% to 107% over the past 5 years.

Debt Coverage: 8113's debt is well covered by operating cash flow (122.9%).

Interest Coverage: 8113's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Next Steps

Dividend

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

8.00%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 8113's dividend (8%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.61%).

High Dividend: 8113's dividend (8%) is in the top 25% of dividend payers in the Hong Kong market (7.3%)


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 4 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (88.4%), 8113's 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

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

4.5yrs

Average board tenure


CEO

Benson Chang (54yo)

4.58yrs

Tenure

HK$1,085,000

Compensation

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-Lev ...


CEO Compensation Analysis

Compensation vs Market: Benson's total compensation ($USD139.97K) is below average for companies of similar size in the Hong Kong market ($USD225.40K).

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


Board Members

NamePositionTenureCompensationOwnership
Yuk-Lun Yim
Chairman4.58yrsHK$1.06m5.13% HK$8.4m
Wei Hua Chang
CEO & Executive Director4.58yrsHK$1.09m11.77% HK$19.2m
Sze Chung Tong
Financial Controller4.58yrsHK$600.00k0.092% HK$150.0k
Wei Wei
Executive Director4.58yrsHK$791.00k11.77% HK$19.2m
Chun Lok Shea
Independent Non-Executive Director4.42yrsHK$100.00kno data
Cheuk Nang Fung
Independent Non-Executive Director4.42yrsHK$100.00k0.092% HK$150.0k
Wai Tai Wong
Non-Executive Director3.42yrsHK$218.00k0.51% HK$825.0k
Tsz Kit Yim
Director of S.A.S. Dragonno datano datano data
Chi Ho Tsoi
Independent Non-Executive Director4.42yrsHK$100.00k0.092% HK$150.0k

4.5yrs

Average Tenure

49yo

Average Age

Experienced Board: 8113's board of directors are considered experienced (4.5 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 company bio, 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$163.193m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8113SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 2016

Biography

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. 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 and 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 13:34
End of Day Share Price2020/05/27 00:00
Earnings2020/03/31
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.