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
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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.
7 Day Return
1 Year Return
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.
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
1 month ago | Simply Wall StHere's Why Karin Technology Holdings (SGX:K29) Has A Meaningful Debt Burden
2 months ago | Simply Wall StZooming in on SGX:K29's 4.0% Dividend Yield
3 months ago | Simply Wall StKarin Technology Holdings Limited's (SGX:K29) Dismal Stock Performance Reflects Weak Fundamentals
Is Karin Technology Holdings 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: 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.
How is Karin Technology Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Karin Technology Holdings performed over the past 5 years?
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.
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).
What is Karin Technology Holdings's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management 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...
Experienced Management: K29's management team is considered experienced (2.5 years average tenure).
Experienced Board: K29's board of directors are considered experienced (6.8 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Karin Technology Holdings Limited's company bio, employee growth, exchange listings and data sources
- 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
- Karin Technology Holdings Limited
- Karin Building
- 2nd Floor
- Kwun Tong
- Hong Kong
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/28 11:03|
|End of Day Share Price||2021/07/23 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.