TPV Technology Limited, an investment holding company, designs, manufactures, and sells computer monitors, flat TV products, and other display products.
Flawless balance sheet with moderate growth potential.
Share Price & News
How has TPV Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 903's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 903 exceeded the Hong Kong Tech industry which returned 8.3% over the past year.
Return vs Market: 903 exceeded the Hong Kong Market which returned 6.4% over the past year.
Price Volatility Vs. Market
How volatile is TPV Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StWhat You Must Know About TPV Technology Limited's (HKG:903) Market Risks
1 year ago | Simply Wall StWho Owns Most Of TPV Technology Limited (HKG:903)?
1 year ago | Simply Wall StIs TPV Technology Limited's (HKG:903) Balance Sheet A Threat To Its Future?
Is TPV Technology undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 903 (HK$3.84) is trading above our estimate of fair value (HK$3.12)
Significantly Below Fair Value: 903 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 903 is poor value based on its PE Ratio (19.5x) compared to the Tech industry average (10.8x).
PE vs Market: 903 is poor value based on its PE Ratio (19.5x) compared to the Hong Kong market (10.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 903's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 903 is good value based on its PB Ratio (0.7x) compared to the HK Tech industry average (1.2x).
How is TPV Technology forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 903's forecast earnings growth (21.9% per year) is above the savings rate (2%).
Earnings vs Market: 903's earnings (21.9% per year) are forecast to grow faster than the Hong Kong market (11.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: Insufficient data to determine if 903's revenue is forecast to grow faster than the Hong Kong market.
High Growth Revenue: Insufficient data to determine if 903's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 903's Return on Equity is forecast to be high in 3 years time
How has TPV Technology performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 903 has a large one-off loss of $51.0M impacting its June 30 2019 financial results.
Growing Profit Margin: 903 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 903 has become profitable over the past 5 years, growing earnings by 20.1% per year.
Accelerating Growth: 903 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 903 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Tech industry (21.5%).
Return on Equity
High ROE: 903's Return on Equity (3.4%) is considered low.
Return on Assets
Return on Capital Employed
How is TPV Technology's financial position?
Financial Position Analysis
Short Term Liabilities: 903's short term assets ($3.6B) exceed its short term liabilities ($3.0B).
Long Term Liabilities: 903's short term assets ($3.6B) exceed its long term liabilities ($478.1M).
Debt to Equity History and Analysis
Debt Level: 903's debt to equity ratio (39.2%) is considered satisfactory.
Reducing Debt: 903's debt to equity ratio has reduced from 68.2% to 39.2% over the past 5 years.
Debt Coverage: 903's debt is well covered by operating cash flow (42.7%).
Interest Coverage: 903's interest payments on its debt are well covered by EBIT (6.2x coverage).
Inventory Level: 903 has a high level of physical assets or inventory.
Debt Coverage by Assets: 903's debt is covered by short term assets (assets are 5.9x debt).
What is TPV Technology's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 903's dividend (0.57%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.17%).
High Dividend: 903's dividend (0.57%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.02%).
Stability and Growth of Payments
Stable Dividend: 903 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.
Growing Dividend: 903 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: 903 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 903's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jason Hsuan (75yo)
Dr. Jason Hsuan has been the Chief Executive Officer and Chairman of the Board of TPV Technology Ltd. since 1999. Dr. Hsuan joined TPV in November 1990 and is responsible for its overall corporate policies ...
CEO Compensation Analysis
Compensation vs Market: Jason's total compensation ($USD684.00K) is above average for companies of similar size in the Hong Kong market ($USD470.54K).
Compensation vs Earnings: Jason's compensation has been consistent with company performance over the past year.
|Chairman & CEO||20.8yrs||US$684.00k||1.06% $95.1m|
|Independent Non-Executive Director||21.5yrs||US$116.00k||no data|
|Non-Executive Director||1.3yrs||no data||no data|
|Independent Non-Executive Director||21.5yrs||US$77.00k||no data|
|Independent Non-Executive Director||15.3yrs||US$77.00k||no data|
|Non-Executive Director||5.7yrs||no data||no data|
|Non-Executive Director||4.3yrs||no data||no data|
|Non-Executive Director||1.3yrs||no data||no data|
|Non-Executive Director||0.7yrs||no data||no data|
Experienced Board: 903's board of directors are considered experienced (5.7 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
TPV Technology Limited's company bio, employee growth, exchange listings and data sources
- Name: TPV Technology Limited
- Ticker: 903
- Exchange: SEHK
- Founded: 1998
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: HK$9.007b
- Shares outstanding: 2.35b
- Website: https://www.tpv-tech.com
Number of Employees
- TPV Technology Limited
- C-Bons International Center
- 12th Floor
- Kwun Tong
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|903||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Oct 1999|
|T18||SGX (Singapore Exchange)||Yes||Ordinary Shares||SG||SGD||Oct 1999|
|TPV||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Oct 1999|
|TPVT.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Oct 1999|
TPV Technology Limited, an investment holding company, designs, manufactures, and sells computer monitors, flat TV products, and other display products. It operates through three segments: Monitors, TVs, and Others. The company engages in the research and development, production and sale, and trading of computer monitors and flat TVs, as well as sourcing of materials and various components. It also produces, distributes, and sells mobile phone, telecommunication, touch screen, and all-in-one PC products, as well as LCM modules. In addition, the company is involved in the trading of audio and video products; and sale of spare parts and tablets. Further, it distributes licensed Philips monitors, TVs, mobile phones, and tablets products. The company distributes its products under the AOC and Envision brands. It operates in Europe, the People’s Republic of China and rest of Asia, North and South America, and internationally. The company was formerly known as TPV Holdings Limited and changed its name to TPV Technology Limited in June 2000. TPV Technology Limited was incorporated in 1998 and is based in Kwun Tong, Hong Kong. TPV Technology Limited is considered a Red Chip company due to its listing on the Hong Kong Stock Exchange. As of November 13, 2019, TPV Technology Limited operates as a subsidiary of CEIEC (H.K.) Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/11/15 12:34|
|End of Day Share Price||2019/11/04 00:00|
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.