SGX:H17

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Hi-P International

Executive Summary

Hi-P International Limited operates as an integrated contract manufacturer serving the wireless telecommunications, consumer electronics, computing and peripherals, Internet of Things, medical devices, and industrial devices markets in Singapore and internationally. More Details


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

How has Hi-P International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: H17's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.4%

H17

-0.8%

SG Electronic

0.3%

SG Market


1 Year Return

-6.2%

H17

14.1%

SG Electronic

-21.8%

SG Market

Return vs Industry: H17 underperformed the SG Electronic industry which returned 12.9% over the past year.

Return vs Market: H17 exceeded the SG Market which returned -21.6% over the past year.


Shareholder returns

H17IndustryMarket
7 Day-5.4%-0.8%0.3%
30 Day-13.8%-5.5%-1.7%
90 Day-1.9%11.5%-5.1%
1 Year-3.9%-6.2%18.4%14.1%-17.5%-21.8%
3 Year-8.5%-17.5%7.5%-5.7%-17.6%-27.6%
5 Year296.9%202.9%121.1%74.2%0.4%-18.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Hi-P International undervalued compared to its fair value and its price relative to the market?

3.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: H17 (SGD1.06) is trading below our estimate of fair value (SGD1.1)

Significantly Below Fair Value: H17 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: H17 is good value based on its PE Ratio (10.7x) compared to the SG Electronic industry average (12x).

PE vs Market: H17 is good value based on its PE Ratio (10.7x) compared to the SG market (12.9x).


Price to Earnings Growth Ratio

PEG Ratio: H17 is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: H17 is overvalued based on its PB Ratio (1.4x) compared to the SG Electronic industry average (0.8x).


Next Steps

Future Growth

How is Hi-P International forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: H17's forecast earnings growth (4.9% per year) is above the savings rate (2.2%).

Earnings vs Market: H17's earnings (4.9% per year) are forecast to grow slower than the SG market (21.8% per year).

High Growth Earnings: H17's earnings are forecast to grow, but not significantly.

Revenue vs Market: H17's revenue (5.4% per year) is forecast to grow slower than the SG market (6.3% per year).

High Growth Revenue: H17's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: H17's Return on Equity is forecast to be low in 3 years time (11.9%).


Next Steps

Past Performance

How has Hi-P International performed over the past 5 years?

35.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: H17 has high quality earnings.

Growing Profit Margin: H17's current net profit margins (5.9%) are lower than last year (7.4%).


Past Earnings Growth Analysis

Earnings Trend: H17's earnings have grown significantly by 35.5% per year over the past 5 years.

Accelerating Growth: H17's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: H17 had negative earnings growth (-23.3%) over the past year, making it difficult to compare to the Electronic industry average (-14.1%).


Return on Equity

High ROE: H17's Return on Equity (12.8%) is considered low.


Next Steps

Financial Health

How is Hi-P International's financial position?


Financial Position Analysis

Short Term Liabilities: H17's short term assets (SGD824.7M) exceed its short term liabilities (SGD610.5M).

Long Term Liabilities: H17's short term assets (SGD824.7M) exceed its long term liabilities (SGD35.1M).


Debt to Equity History and Analysis

Debt Level: H17's debt to equity ratio (20.2%) is considered satisfactory.

Reducing Debt: H17's debt to equity ratio has reduced from 44.8% to 20.2% over the past 5 years.

Debt Coverage: H17's debt is well covered by operating cash flow (148.4%).

Interest Coverage: H17's interest payments on its debt are well covered by EBIT (167.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Hi-P International current dividend yield, its reliability and sustainability?

2.89%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate H17's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate H17'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 H17's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if H17's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: H17 is not paying a notable dividend for the SG market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of H17's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

7.3yrs

Average management tenure


CEO

Hsiao Tung Yao (80 yo)

16.83yrs

Tenure

S$1,415,000

Compensation

Mr. Hsiao Tung Yao founded Hi-P International Limited and has been its Chief Executive Officer since November 05, 2003. Mr. Yao is responsible for formulating the strategic directions of Hi-P International ...


CEO Compensation Analysis

Compensation vs Market: Hsiao Tung's total compensation ($USD1.04M) is above average for companies of similar size in the SG market ($USD770.83K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Hsiao Tung Yao
Founder16.83yrsS$1.42m83.46%
SGD 713.9m
Huey Fang Wong
Chief Administrative Officer & Executive Director32.67yrsS$402.00k0.22%
SGD 1.8m
Chung Sang Yuen
Chief Financial Officer14.25yrsS$507.00kno data
Kam Choon Lee
Vice President of Human Resourcesno datano datano data
Yong Keong Tan
Chief Operating Officer - Overseas Business Unit0.50yrno data0.066%
SGD 561.9k
Hsiao-Tsu Liu
Chief Operating Officer of Greater China Business Unit0.42yrno datano data
Wan Mei Chan
Company Secretary7.33yrsno datano data
Lai Chan
Company Secretary4.83yrsno datano data
Hsiao Kuang Yao
Director of Supply Chain Management7.83yrsno datano data

7.3yrs

Average Tenure

72yo

Average Age

Experienced Management: H17's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hsiao Tung Yao
Founder16.83yrsS$1.42m83.46%
SGD 713.9m
Huey Fang Wong
Chief Administrative Officer & Executive Director32.67yrsS$402.00k0.22%
SGD 1.8m
Chien Lin
Independent Director16.08yrsS$79.00k0.22%
SGD 1.9m
Kheong Chun Ho
Independent Non-Executive Director0.75yrno datano data
Tiong Eng Yeo
Non-Executive Director33.42yrsS$43.00k0.062%
SGD 530.0k
Lai Peng Leong
Independent Director13.83yrsS$79.00k0.037%
SGD 318.0k
Choke Meng Seow
Independent Non-Executive Director0.75yrno datano data
Thien Su Lim
Lead Independent Director2.33yrsS$87.00kno data

13.8yrs

Average Tenure

70yo

Average Age

Experienced Board: H17's board of directors are seasoned and experienced ( 13.8 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.


Top Shareholders

Company Information

Hi-P International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hi-P International Limited
  • Ticker: H17
  • Exchange: SGX
  • Founded: 1980
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: S$855.378m
  • Shares outstanding: 806.96m
  • Website: https://www.hi-p.com

Location

  • Hi-P International Limited
  • 11 International Business Park
  • Jurong East
  • Singapore
  • 609926
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
H17SGX (Singapore Exchange)YesOrdinary SharesSGSGDDec 2003
H8SDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2003

Biography

Hi-P International Limited operates as an integrated contract manufacturer serving the wireless telecommunications, consumer electronics, computing and peripherals, Internet of Things, medical devices, and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/21 19:08
End of Day Share Price2020/09/21 00:00
Earnings2020/06/30
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.