Man Yue Technology Holdings (SEHK:894) - Share price, News & Analysis

894 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	5/6
Financial Health	3/6
Dividends	0/6

894 Stock Overview

Man Yue Technology Holdings Limited, an investment holding company, manufactures and sells electronic components.

Rewards

Price-To-Earnings ratio (5.3x) is below the Hong Kong market (9x)

Earnings grew by 217.9% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Does not have a meaningful market cap (HK$404M)

Man Yue Technology Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Man Yue Technology Holdings
Historical stock prices
Current Share Price	HK$0.85
52 Week High	HK$2.37
52 Week Low	HK$0.59
Beta	1.01
1 Month Change	37.10%
3 Month Change	16.44%
1 Year Change	-49.10%
3 Year Change	49.12%
5 Year Change	11.84%
Change since IPO	-30.89%

Recent News & Updates

Jun 09

If You Like EPS Growth Then Check Out Man Yue Technology Holdings (HKG:894) Before It's Too Late

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

May 02

Is Man Yue Technology Holdings (HKG:894) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

	894	HK Electronic	HK Market
7D	23.2%	-5.2%	-1.2%
1Y	-49.1%	-42.6%	-23.8%

Return vs Industry: 894 underperformed the Hong Kong Electronic industry which returned -42.6% over the past year.

Return vs Market: 894 underperformed the Hong Kong Market which returned -23.8% over the past year.

Price Volatility

Is 894's price volatile compared to industry and market?
894 volatility
894 Average Weekly Movement	7.7%
Electronic Industry Average Movement	6.5%
Market Average Movement	7.0%
10% most volatile stocks in HK Market	13.6%
10% least volatile stocks in HK Market	3.3%

Stable Share Price: 894 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 894's weekly volatility has decreased from 13% to 8% over the past year.

About the Company

Founded	Employees	CEO	Website
1979	2,999	Eugene Chan	https://www.manyue.com

Man Yue Technology Holdings Limited, an investment holding company, manufactures and sells electronic components. The company offers aluminum electrolytic capacitors for information technology, telecommunications, electrical, and electronic customers; conductive polymer aluminum solid capacitors; multi-layer polymer capacitors; electric double layer capacitors; and other innovative electronic components, as well as electric double layer capacitor modules. It also manufactures and sells raw materials and chemical materials; and trades in raw materials, electronic components, and equity investments.

Man Yue Technology Holdings Fundamentals Summary

How do Man Yue Technology Holdings's earnings and revenue compare to its market cap?
894 fundamental statistics
Market Cap	HK$404.22m
Earnings (TTM)	HK$76.49m
Revenue (TTM)	HK$2.09b

5.3x

P/E Ratio

0.2x

P/S Ratio

Is 894 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
894 income statement (TTM)
Revenue	HK$2.09b
Cost of Revenue	HK$1.73b
Gross Profit	HK$357.49m
Other Expenses	HK$281.00m
Earnings	HK$76.49m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.16
Gross Margin	17.09%
Net Profit Margin	3.66%
Debt/Equity Ratio	63.6%

How did 894 perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is 894 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 894?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 894. This is calculated by dividing 894's market cap by their current preferred multiple.
What is 894's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	HK$404.22m

894 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.7x
Enterprise Value/EBITDA	8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 894's PE Ratio compare to its peers?

894 PE Ratio vs Peers

The above table shows the PE ratio for 894 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	12.4x

Forward PE

Price-To-Earnings vs Peers: 894 is good value based on its Price-To-Earnings Ratio (5.3x) compared to the peer average (12.4x).

Price to Earnings Ratio vs Industry

How does 894's PE Ratio compare vs other companies in the Hong Kong Electronic Industry?

Price-To-Earnings vs Industry: 894 is good value based on its Price-To-Earnings Ratio (5.3x) compared to the Hong Kong Electronic industry average (6.8x)

Price to Earnings Ratio vs Fair Ratio

What is 894's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

894 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	5.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 894's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 894 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 894's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 894's fair value for valuation analysis.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 894's PEG Ratio to determine if it is good value.

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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

12.3%

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 Man Yue 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.

Discover growth companies

Check out Man Yue Technology Holdings's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
Man Yue Technology Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Man Yue Technology Holdings performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

15.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 894 has high quality earnings.

Growing Profit Margin: 894's current net profit margins (3.7%) are higher than last year (1.5%).

Past Earnings Growth Analysis

Earnings Trend: 894 has become profitable over the past 5 years, growing earnings by 15.1% per year.

Accelerating Growth: 894's earnings growth over the past year (217.9%) exceeds its 5-year average (15.1% per year).

Earnings vs Industry: 894 earnings growth over the past year (217.9%) exceeded the Electronic industry 20.4%.

Return on Equity

High ROE: 894's Return on Equity (4.4%) is considered low.

Discover strong past performing companies

Financial Health

How is Man Yue Technology Holdings's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 894's short term assets (HK$1.9B) exceed its short term liabilities (HK$1.7B).

Long Term Liabilities: 894's short term assets (HK$1.9B) exceed its long term liabilities (HK$99.2M).

Debt to Equity History and Analysis

Debt Level: 894's net debt to equity ratio (50.9%) is considered high.

Reducing Debt: 894's debt to equity ratio has increased from 62.2% to 63.6% over the past 5 years.

Debt Coverage: 894's debt is not well covered by operating cash flow (7.1%).

Interest Coverage: 894's interest payments on its debt are well covered by EBIT (3.6x coverage).

Balance Sheet

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Dividend

What is Man Yue Technology Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 894's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 894'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 894's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 894's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: 894 is not paying a notable dividend for the Hong Kong market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 894 has not reported any payouts.

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Management

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

9.9yrs

Average management tenure

CEO

Eugene Chan (45 yo)

13.67yrs

Tenure

HK$6,716,000

Compensation

Mr. Yu Ching Chan, also known as Eugene, has been Managing Director of Man Yue Technology Holdings Limited since October 10, 2008. Mr. Chan served as Assistant Executive Director of Man Yue Group. He also...

CEO Compensation Analysis

Compensation vs Market: Eugene's total compensation ($USD855.54K) is above average for companies of similar size in the Hong Kong market ($USD232.87K).

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

Leadership Team

Experienced Management: 894's management team is seasoned and experienced (9.9 years average tenure).

Board Members

Experienced Board: 894's board of directors are seasoned and experienced ( 16.1 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.

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/06/23 00:00
End of Day Share Price	2022/06/23 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31