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On Real International Holdings

SEHK:8245
Snowflake Description

Mediocre balance sheet with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8245
SEHK
HK$142M
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

On Real International Holdings Limited, an investment holding company, designs, manufactures, trades in, and sells two-way radios, baby monitors, and other communication devices on original design manufacturing basis. The last earnings update was 98 days ago. More info.


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8245 Share Price and Events
7 Day Returns
0%
SEHK:8245
-7.9%
HK Communications
-2.2%
HK Market
1 Year Returns
-14%
SEHK:8245
-30.8%
HK Communications
-15.4%
HK Market
8245 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
On Real International Holdings (8245) 0% 2.8% -7.5% -14% -96.9% -
HK Communications -7.9% -16.3% -18.8% -30.8% 18% -7.6%
HK Market -2.2% -9.5% -6% -15.4% 22% 6.7%
1 Year Return vs Industry and Market
  • 8245 outperformed the Communications industry which returned -30.8% over the past year.
  • 8245 outperformed the Market in Hong Kong which returned -15.4% over the past year.
Price Volatility
8245
Industry
5yr Volatility vs Market

Value

 Is On Real International Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of On Real International Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for On Real International Holdings.

SEHK:8245 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:8245
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.082 (1 + (1- 25%) (36.34%))
1.252
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.252 * 6.65%)
10.33%

Discounted Cash Flow Calculation for SEHK:8245 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for On Real International 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:8245 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 10.33%)
2019 2.12 Est @ 6.38% 1.92
2020 2.23 Est @ 5.07% 1.83
2021 2.32 Est @ 4.15% 1.73
2022 2.40 Est @ 3.5% 1.62
2023 2.48 Est @ 3.05% 1.52
2024 2.55 Est @ 2.74% 1.41
2025 2.61 Est @ 2.52% 1.31
2026 2.67 Est @ 2.36% 1.22
2027 2.73 Est @ 2.26% 1.13
2028 2.79 Est @ 2.18% 1.04
Present value of next 10 years cash flows HK$14.74
SEHK:8245 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$2.79 × (1 + 2%) ÷ (10.33% – 2%)
HK$34.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$34.20 ÷ (1 + 10.33%)10
HK$12.79
SEHK:8245 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$14.74 + HK$12.79
HK$27.53
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$27.53 / 3,840.00
HK$0.01
SEHK:8245 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.01
Current discount Discount to share price of HK$0.04
= -1 x (HK$0.04 - HK$0.01) / HK$0.01
-416%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of On Real International Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 On Real International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are On Real International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8245 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.00
SEHK:8245 Share Price ** SEHK (2019-05-22) in HKD HK$0.04
Hong Kong Communications Industry PE Ratio Median Figure of 14 Publicly-Listed Communications Companies 12.23x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 11.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of On Real International Holdings.

SEHK:8245 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8245 Share Price ÷ EPS (both in HKD)

= 0.04 ÷ 0.00

13.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • On Real International Holdings is overvalued based on earnings compared to the HK Communications industry average.
  • On Real International Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does On Real International Holdings's expected growth come at a high price?
Raw Data
SEHK:8245 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Communications Industry PEG Ratio Median Figure of 9 Publicly-Listed Communications Companies 0.81x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for On Real International Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on On Real International Holdings's assets?
Raw Data
SEHK:8245 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.02
SEHK:8245 Share Price * SEHK (2019-05-22) in HKD HK$0.04
Hong Kong Communications Industry PB Ratio Median Figure of 25 Publicly-Listed Communications Companies 1.14x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.97x
SEHK:8245 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8245 Share Price ÷ Book Value per Share (both in HKD)

= 0.04 ÷ 0.02

1.82x

* Primary Listing of On Real International Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • On Real International Holdings is overvalued based on assets compared to the HK Communications industry average.
X
Value checks
We assess On Real International Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. On Real International Holdings has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is On Real International Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 On Real International 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.9%
Expected Communications industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is On Real International Holdings expected to grow at an attractive rate?
  • Unable to compare On Real International Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare On Real International Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare On Real International Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8245 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Communications Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
Hong Kong Communications Industry Revenue Growth Rate Market Cap Weighted Average 8.3%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:8245 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:8245 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 319 11
2018-09-30 313 -25 13
2018-06-30 294 8
2018-03-31 297 -5 1
2017-12-31 305 -8
2017-09-30 324 23 -4
2017-06-30 343 1
2017-03-31 328 -15 4
2016-12-31 295 -4
2016-09-30 257 -28 -14
2016-06-30 257 -14
2016-03-31 262 -18 -15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if On Real International Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if On Real International 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.
Raw Data
SEHK:8245 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from On Real International Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8245 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if On Real International Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 8245’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. On Real International Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. On Real International Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess On Real International Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
On Real International Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has On Real International Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare On Real International Holdings's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • On Real International Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • On Real International Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • On Real International Holdings has become profitable in the last year making it difficult to compare the HK Communications industry average.
Earnings and Revenue History
On Real International Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from On Real International Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8245 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 319.44 10.69 31.19
2018-09-30 313.28 12.75 29.38
2018-06-30 294.39 7.67 32.42
2018-03-31 297.13 0.89 36.58
2017-12-31 304.96 -8.33 38.90
2017-09-30 323.65 -3.95 41.38
2017-06-30 342.89 0.51 42.90
2017-03-31 327.64 4.28 42.55
2016-12-31 295.32 -4.26 34.54
2016-09-30 257.18 -13.65 40.75
2016-06-30 257.02 -13.70 42.76
2016-03-31 261.84 -14.85 44.34
2015-12-31 298.41 -5.31 61.85
2015-09-30 331.89 3.81 54.80
2015-06-30 326.27 5.15 52.38
2015-03-31 346.19 10.54 51.79
2014-03-31 358.13 24.72 26.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • On Real International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • On Real International Holdings used its assets less efficiently than the HK Communications industry average last year based on Return on Assets.
  • On Real International Holdings has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess On Real International Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
On Real International 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.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is On Real International Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up On Real International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • On Real International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • On Real International Holdings has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of On Real International 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 checks below.
Assets
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 3.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, 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.
Raw Data

All data from On Real International Holdings Company Filings, last reported 4 months ago.

SEHK:8245 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 78.19 51.63 22.30
2018-09-30 78.19 51.63 22.30
2018-06-30 73.98 45.32 31.07
2018-03-31 73.98 45.32 31.07
2017-12-31
2017-09-30 68.28 38.62 34.33
2017-06-30 71.64 46.52 37.95
2017-03-31 71.64 46.52 37.95
2016-12-31
2016-09-30 70.92 56.31 32.75
2016-06-30 70.04 24.98 35.74
2016-03-31 70.04 24.98 35.74
2015-12-31
2015-09-30 84.48 80.47 25.47
2015-06-30 26.26 49.73 28.37
2015-03-31 26.26 49.73 28.37
2014-03-31 47.99 23.70 36.09
  • On Real International Holdings's level of debt (66%) compared to net worth is high (greater than 40%).
  • Unable to establish if On Real International Holdings's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess On Real International Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. On Real International Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is On Real International Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from On Real International Holdings dividends.
If you bought HK$2,000 of On Real International Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate On Real International Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate On Real International Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:8245 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as On Real International Holdings has not reported any payouts.
  • Unable to verify if On Real International Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of On Real International Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as On Real International Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess On Real International Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can On Real International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. On Real International Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of On Real International Holdings's salary, the management and board of directors tenure and is there insider trading?

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.
CEO
Wing Ki Tam
COMPENSATION HK$2,163,000
AGE 49
CEO Bio

Mr. Tam Wing Ki serves as the Chief Executive Officer of On Real International Holdings Limited and serves as its Executive Director. Mr. Tam was Chairman of On Real International Holdings Limited until April 1, 2019. He is the founder of On Real International Holdings Group. He is responsible for the overall strategic planning and corporate policies as well as overseeing the operations of On Real International Holdings Group. Mr. Tam has more than 20 years of experience in the consumer electronic products industry. Before founding On Real International Holdings Group, he assumed various positions including a production material control manager of Central Base Enterprises Ltd from April 1991 to May 1998 and the factory manager of Hantong Communication Company Limited from June 1998 to December 2000. He serves as a director of each subsidiary of On Real International Holdings Limited. Mr. Tam attended the Tsuen Wan Government Secondary Technical School in Hong Kong and completed the Hong Kong Certificate of Education Examination in 1986.

CEO Compensation
  • Wing Ki's compensation has increased in line with On Real International Holdings recently becoming profitable.
  • Wing Ki's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team

Wing Ki Tam

TITLE
Executive Director & CEO
COMPENSATION
HK$2M
AGE
49

Allan Kwok

TITLE
Compliance Officer and Executive Director
COMPENSATION
HK$378K
AGE
53
TENURE
1.7 yrs

Yan Fu

TITLE
Executive Director
COMPENSATION
HK$378K
AGE
54

Kin Wong

TITLE
financial controller
AGE
52

Nicky Yu

TITLE
Marketing Director
COMPENSATION
HK$574K
AGE
51

Ivan Hui

TITLE
Company Secretary
AGE
39
TENURE
0.3 yrs

Kwok Ho

TITLE
Engineering Manager
COMPENSATION
HK$431K
AGE
56
Board of Directors Tenure

Average tenure and age of the On Real International Holdings board of directors in years:

2.8
Average Tenure
52
Average Age
  • The average tenure for the On Real International Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Wing Ki Tam

TITLE
Executive Director & CEO
COMPENSATION
HK$2M
AGE
49
TENURE
4.9 yrs

Allan Kwok

TITLE
Compliance Officer and Executive Director
COMPENSATION
HK$378K
AGE
53
TENURE
2.8 yrs

Yan Fu

TITLE
Executive Director
COMPENSATION
HK$378K
AGE
54
TENURE
2.6 yrs

Frederick, Fred Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
51
TENURE
3.2 yrs

Alex Fung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$80K
AGE
56
TENURE
1.8 yrs

Shiu Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
51
TENURE
2.8 yrs

Victor Chan

TITLE
Non-Executive Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
04. Jan 19 Buy Wing Ki Tam Individual 02. Jan 19 02. Jan 19 54,155,000 HK$0.06 HK$3,005,648
04. Jan 19 Buy Wing Ki Tam Individual 03. Jan 19 03. Jan 19 102,145,000 HK$0.06 HK$5,760,840
03. Jan 19 Sell Cocoon Holdings Limited Company 02. Jan 19 02. Jan 19 -47,800,000 HK$0.06 HK$-2,657,808
10. Nov 18 Buy Cocoon Holdings Limited Company 31. Oct 18 31. Oct 18 122,265,000 HK$0.05 HK$6,149,835
25. Jun 18 Sell Cocoon Holdings Limited Company 21. Jun 18 21. Jun 18 -75,645,000 HK$0.04 HK$-2,950,090
25. Jun 18 Sell Cocoon Holdings Limited Company 22. Jun 18 22. Jun 18 -46,000,000 HK$0.05 HK$-2,116,069
X
Management checks
We assess On Real International Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. On Real International Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why On Real International Holdings Limited’s (HKG:8245) Use Of Investor Capital Doesn’t Look Great

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for On Real International Holdings: 0.071 = HK$5.5m ÷ (HK$228m - HK$150m) (Based on the trailing twelve months to December 2018.) Therefore, On Real International Holdings has an ROCE of 7.1%. … On Real International Holdings's Current Liabilities And Their Impact On Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … On Real International Holdings's current liabilities are fairly high, making its ROCE look better than otherwise.

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Do Insiders Own Shares In On Real International Holdings Limited (HKG:8245)?

The big shareholder groups in On Real International Holdings Limited (HKG:8245) have power over the company. … On Real International Holdings is not a large company by global standards. … View our latest analysis for On Real International Holdings

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Why On Real International Holdings Limited's (HKG:8245) CEO Pay Matters To You

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Wing Ki Tam's Compensation Compare With Similar Sized Companies. … According to our data, On Real International Holdings Limited has a market capitalization of HK$154m, and pays its CEO total annual compensation worth HK$2.2m.

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Did You Manage To Avoid On Real International Holdings's 97% Share Price Wipe Out?

So spare a thought for the long term shareholders of On Real International Holdings Limited (HKG:8245); the share price is down a whopping 97% in the last three years. … So it's worth looking at other metrics to try to understand the share price move. … It's probably worht worth investigating On Real International Holdings further; while we may be missing something on this analysis, there might also be an opportunity.

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Is On Real International Holdings Limited's (HKG:8245) 16% ROE Strong Compared To Its Industry?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of On Real International Holdings Limited (HKG:8245). … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.16 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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What Kind Of Shareholders Own On Real International Holdings Limited (HKG:8245)?

A look at the shareholders of On Real International Holdings Limited (HKG:8245) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … On Real International Holdings is a smaller company with a market capitalization of HK$250m, so it may still be flying under the radar of many institutional investors.

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On Real International Holdings Limited (HKG:8245): What Are Investors Earning On Their Capital?

and looking to gauge the potential return on investment in On Real International Holdings Limited (HKG:8245). … 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. … Thus, to understand how your money can grow by investing in On Real International Holdings, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

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What Investors Should Know About On Real International Holdings Limited's (HKG:8245) Financial Strength

On Real International Holdings Limited (HKG:8245) is a small-cap stock with a market capitalization of HK$192.00m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

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Did On Real International Holdings Limited (HKG:8245) Create Value For Investors Over The Past Year?

and want to better understand how you can grow your money by investing in On Real International Holdings Limited (HKG:8245). … On Real International Holdings Limited’s (HKG:8245) most recent return on equity was a substandard 1.20% relative to its industry performance of 9.99% over the past year. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into 8245's past performance

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Where On Real International Holdings Limited's (HKG:8245) Earnings Growth Stands Against Its Industry

After reading On Real International Holdings Limited's (SEHK:8245) most recent earnings announcement (31 December 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … For On Real International Holdings, its most recent trailing-twelve-month earnings is -HK$10.15M, which, in comparison to the previous year's figure, has become more negative. … Each year, for the past five years On Real International Holdings has seen an annual decline in revenue of -3.04%, on average.

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Company Info

Description

On Real International Holdings Limited, an investment holding company, designs, manufactures, trades in, and sells two-way radios, baby monitors, and other communication devices on original design manufacturing basis. The company engages in the provision of product design and development, sourcing and procurement, production and assembly, sales, marketing and logistics, and after-sales services. Its two-way radio product range includes consumer grade radios, such as FRS/GMRS radios and PMR radios; and commercial grade radios comprising emergency and weather alert radios, marine handheld floating radios, and dPMR radios. The company’s baby monitor product range includes analog audio baby monitors, digital audio baby monitors, and digital video baby monitors. In addition, the company trades in plastic covers; and engages in technology development activities. It operates in the United States, Germany, the Netherlands, the United Kingdom, other European countries, and Asia. On Real International Holdings Limited was founded in 2001 and is based in Cheung Sha Wan, Hong Kong.

Details
Name: On Real International Holdings Limited
8245
Exchange: SEHK
Founded: 2001
HK$142,080,000
3,840,000,000
Website: http://www.on-real.com
Address: On Real International Holdings Limited
Billion Plaza 2,
27th Floor,
Cheung Sha Wan,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8245 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 30. Sep 2015
SEHK 8245 HKD0.00125 The Stock Exchange of Hong Kong Ltd. HK HKD 23. May 2019
Number of employees
Current staff
Staff numbers
310
On Real International Holdings employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 13:01
End of day share price update: 2019/05/22 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.