SGX:K29

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Karin Technology Holdings

Market Cap

S$65.5m

Last Updated

2021/07/28 11:03 UTC

Data Sources

Company Financials

Executive Summary

Karin Technology Holdings Limited, an investment holding company, distributes electronic components, provides computer data storage management solutions and services, and distributes and retails consumer electronics products in Hong Kong, Mainland China, and internationally. More Details


Snowflake Analysis

Adequate balance sheet with poor track record.

Share Price & News

How has Karin Technology Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine K29's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine K29's volatility change over the past year.


Market Performance


7 Day Return

5.2%

K29

-0.4%

SG Electronic

0.3%

SG Market


1 Year Return

1.7%

K29

8.1%

SG Electronic

19.1%

SG Market

Return vs Industry: K29 underperformed the SG Electronic industry which returned 8.1% over the past year.

Return vs Market: K29 underperformed the SG Market which returned 19.1% over the past year.


Shareholder returns

K29IndustryMarket
7 Day5.2%-0.4%0.3%
30 Day3.4%0.1%-0.1%
90 Day-1.6%-6.2%-2.9%
1 Year5.9%1.7%12.4%8.1%23.6%19.1%
3 Year24.4%1.7%14.6%-0.2%3.1%-9.2%
5 Year80.5%19.6%100.0%62.2%25.7%2.9%

Long-Term Price Volatility Vs. Market

How volatile is Karin Technology Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Karin Technology Holdings undervalued compared to its fair value and its price relative to the market?

68.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: K29 (SGD0.31) is trading above our estimate of fair value (SGD0.12)

Significantly Below Fair Value: K29 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: K29 is poor value based on its PE Ratio (68.8x) compared to the SG Electronic industry average (13.7x).

PE vs Market: K29 is poor value based on its PE Ratio (68.8x) compared to the SG market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate K29's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: K29's PB Ratio (0.9x) is in line with the SG Electronic industry average.


Future Growth

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

18.5%

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 Karin 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.


Past Performance

How has Karin Technology Holdings performed over the past 5 years?

-11.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: K29 has high quality earnings.

Growing Profit Margin: K29's current net profit margins (0.3%) are lower than last year (1.5%).


Past Earnings Growth Analysis

Earnings Trend: K29's earnings have declined by 11% per year over the past 5 years.

Accelerating Growth: K29's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: K29 had negative earnings growth (-79.3%) over the past year, making it difficult to compare to the Electronic industry average (4.6%).


Return on Equity

High ROE: K29's Return on Equity (1.2%) is considered low.


Financial Health

How is Karin Technology Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: K29's short term assets (HK$817.3M) exceed its short term liabilities (HK$538.0M).

Long Term Liabilities: K29's short term assets (HK$817.3M) exceed its long term liabilities (HK$11.8M).


Debt to Equity History and Analysis

Debt Level: K29's debt to equity ratio (36.6%) is considered satisfactory.

Reducing Debt: K29's debt to equity ratio has increased from 19.6% to 36.6% over the past 5 years.

Debt Coverage: K29's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: K29's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


Dividend

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

4.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: K29's dividend (4.24%) is higher than the bottom 25% of dividend payers in the SG market (1.9%).

High Dividend: K29's dividend (4.24%) is low compared to the top 25% of dividend payers in the SG market (5.04%).


Stability and Growth of Payments

Stable Dividend: K29's dividend payments have been volatile in the past 10 years.

Growing Dividend: K29's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (291.3%), K29's dividend payments are not well 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?

2.5yrs

Average management tenure


CEO

Michael Ng

no data

Tenure

Mr. Mun Kit Ng, also known as Michael, is a Co-Owner of Asia Platform Investment Limited. He has been the Chief Executive Officer of Karin Technology Holdings Limited since July 1, 2021. Mr. Ng served as G...


Leadership Team

Experienced Management: K29's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: K29's board of directors are considered experienced (6.8 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

Karin Technology Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Karin Technology Holdings Limited
  • Ticker: K29
  • Exchange: SGX
  • Founded: 1977
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: S$65.498m
  • Shares outstanding: 214.75m
  • Website: https://www.karingroup.com

Location

  • Karin Technology Holdings Limited
  • Karin Building
  • 2nd Floor
  • Kwun Tong
  • Kowloon
  • Hong Kong

Listings


Biography

Karin Technology Holdings Limited, an investment holding company, distributes electronic components, provides computer data storage management solutions and services, and distributes and retails consumer e...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/28 11:03
End of Day Share Price2021/07/23 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.