SEHK:947

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MOBI Development

Executive Summary

MOBI Development Co., Ltd., an investment holding company, engages in the research, design, development, manufacture, marketing, and sale of wireless communication antennas, base station radio frequency subsystems and solutions, and products of coverage extension solutions.


Snowflake Analysis

Excellent balance sheet with proven track record.

Share Price & News

How has MOBI Development's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 947's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.3%

947

5.8%

HK Communications

5.8%

HK Market


1 Year Return

-21.9%

947

8.9%

HK Communications

-4.0%

HK Market

Return vs Industry: 947 underperformed the Hong Kong Communications industry which returned 8.9% over the past year.

Return vs Market: 947 underperformed the Hong Kong Market which returned -4% over the past year.


Shareholder returns

947IndustryMarket
7 Day9.3%5.8%5.8%
30 Day2.5%-5.4%4.0%
90 Day-27.4%-10.4%-2.6%
1 Year-21.9%-21.9%11.5%8.9%-0.6%-4.0%
3 Year-23.9%-28.1%-13.8%-21.0%1.3%-9.2%
5 Year-51.1%-57.1%-15.1%-26.2%-9.2%-23.5%

Price Volatility Vs. Market

How volatile is MOBI Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MOBI Development undervalued compared to its fair value and its price relative to the market?

26.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 947 (HK$0.82) is trading above our estimate of fair value (HK$0.25)

Significantly Below Fair Value: 947 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 947 is poor value based on its PE Ratio (26x) compared to the Communications industry average (19.9x).

PE vs Market: 947 is poor value based on its PE Ratio (26x) compared to the Hong Kong market (9.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 947's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 947 is good value based on its PB Ratio (0.5x) compared to the HK Communications industry average (0.8x).


Next Steps

Future Growth

How is MOBI Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

28.2%

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 MOBI Development 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 MOBI Development performed over the past 5 years?

-45.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 947 has high quality earnings.

Growing Profit Margin: 947's current net profit margins (1.9%) are higher than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: 947's earnings have declined by -45.5% per year over the past 5 years.

Accelerating Growth: 947's earnings growth over the past year (41.5%) exceeds its 5-year average (-45.5% per year).

Earnings vs Industry: 947 earnings growth over the past year (41.5%) exceeded the Communications industry -24.2%.


Return on Equity

High ROE: 947's Return on Equity (2%) is considered low.


Next Steps

Financial Health

How is MOBI Development's financial position?


Financial Position Analysis

Short Term Liabilities: 947's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥780.6M).

Long Term Liabilities: 947's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥17.8M).


Debt to Equity History and Analysis

Debt Level: 947's debt to equity ratio (8.4%) is considered satisfactory.

Reducing Debt: 947's debt to equity ratio has reduced from 22% to 8.4% over the past 5 years.

Debt Coverage: 947's debt is well covered by operating cash flow (139.4%).

Interest Coverage: Insufficient data to determine if 947's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is MOBI Development's current dividend yield, its reliability and sustainability?

2.43%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 947's dividend (2.43%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.43%).

High Dividend: 947's dividend (2.43%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.03%).


Stability and Growth of Payments

Stable Dividend: 947's dividend payments have been volatile in the past 10 years.

Growing Dividend: 947's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.1%), 947's dividend 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?

5.0yrs

Average management tenure


CEO

Xiang Hu (65yo)

no data

Tenure

CN¥1,180,000

Compensation

Mr. Xiang Hu serves as the Chief Executive Officer of Mobi Development Co. Ltd. Mr. Hu serves as Chief Executive Officer of MOBI Shenzhen and MOBI Jian. He joined Mobi Development Co. Ltd. in August 1999.  ...


CEO Compensation Analysis

Compensation vs Market: Xiang's total compensation ($USD166.59K) is about average for companies of similar size in the Hong Kong market ($USD228.98K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Xiang Hu
Executive Chairman & CEOno dataCN¥1.18m3.06% CN¥20.6m
Dong Liao
COO & Executive Director5.25yrsCN¥1.50m1.32% CN¥8.9m
Qian Wu
Chief Financial Officer1.92yrsno datano data
Zhiguo Shao
Executive Vice-President of Research4.75yrsCN¥1.89mno data
Weitong Kong
Executive Vice Presidentno datano datano data
Wing Lau
Deputy Financial Officer & Company Secretary9.08yrsno datano data

5.0yrs

Average Tenure

51yo

Average Age

Experienced Management: 947's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Xiang Hu
Executive Chairman & CEOno dataCN¥1.18m3.06% CN¥20.6m
Dong Liao
COO & Executive Director5.25yrsCN¥1.50m1.32% CN¥8.9m
Han Zhang
Independent Non-Executive Director10.58yrsCN¥141.00kno data
Deqian Qu
Non-Executive Director17.5yrsCN¥88.00kno data
Tianshu Li
Independent Non-Executive Director12.92yrsCN¥161.00kno data
Xiaojing Ge
Independent Non-Executive Director1.83yrsCN¥125.00kno data

10.6yrs

Average Tenure

57yo

Average Age

Experienced Board: 947's board of directors are seasoned and experienced ( 10.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 947 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

MOBI Development Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MOBI Development Co., Ltd.
  • Ticker: 947
  • Exchange: SEHK
  • Founded: 1999
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: HK$672.061m
  • Shares outstanding: 819.59m
  • Website: https://www.mobi-antenna.com

Number of Employees


Location

  • MOBI Development Co., Ltd.
  • MOBI Building
  • 7 Langshan First Road
  • Shenzhen
  • Guangdong Province
  • 518057
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
947SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2009
M7BDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2009

Biography

MOBI Development Co., Ltd., an investment holding company, engages in the research, design, development, manufacture, marketing, and sale of wireless communication antennas, base station radio frequency subsystems and solutions, and products of coverage extension solutions. Its solutions are used in the components of mobile communication coverage systems, including wireless access systems, as well as antenna, satellite communication, and microwave transmission networks. The company serves network and telecommunication operators, wireless network solution providers, and system equipment manufacturers. The company has operations in the People’s Republic of China, other countries in Asia, Europe, and the Americas. MOBI Development Co., Ltd. was founded in 1999 and is headquartered in Shenzhen, the People’s Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 13:21
End of Day Share Price2020/06/05 00:00
Earnings2019/12/31
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.