SGOCO Group
Market Cap
US$77.6m
Last Updated
2020/02/16 02:02 UTC
Data Sources
Company Financials
Executive Summary
SGOCO Group, Ltd. designs, develops, and manufactures phase change material storage systems for applications on cooling and heating systems in Mainland China and Hongkong.
Risk Analysis
Earnings have declined by -39.79% per year over past 5 years
Shareholders have been substantially diluted in the past year
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 1 more risk
Snowflake Analysis
Adequate balance sheet and overvalued.
Similar Companies
Share Price & News
How has SGOCO Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SGOC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
n/a
SGOC
1.8%
US Electronic
1.8%
US Market
1 Year Return
-11.7%
SGOC
10.4%
US Electronic
20.1%
US Market
Return vs Industry: SGOC underperformed the US Electronic industry which returned 10.4% over the past year.
Return vs Market: SGOC underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| SGOC | Industry | Market | |
|---|---|---|---|
| 7 Day | n/a | 1.8% | 1.8% |
| 30 Day | -0.2% | -4.7% | 1.4% |
| 90 Day | -15.0% | 2.0% | 8.8% |
| 1 Year | -11.7%-11.7% | 11.5%10.4% | 22.7%20.1% |
| 3 Year | -75.2%-75.2% | 37.4%33.6% | 50.1%40.4% |
| 5 Year | -56.3%-56.3% | 70.2%61.8% | 72.9%53.9% |
Price Volatility Vs. Market
How volatile is SGOCO Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Could The SGOCO Group, Ltd. (NASDAQ:SGOC) Ownership Structure Tell Us Something Useful?1 year ago | Simply Wall St
Who Owns Most Of SGOCO Group Ltd (NASDAQ:SGOC)?1 year ago | Simply Wall St
What Does SGOCO Group Ltd's (NASDAQ:SGOC) Ownership Structure Look Like?Valuation
Is SGOCO Group undervalued compared to its fair value and its price relative to the market?
0.53x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SGOC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SGOC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SGOC is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.
PE vs Market: SGOC is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SGOC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SGOC is good value based on its PB Ratio (0.5x) compared to the US Electronic industry average (2x).
Next Steps
Future Growth
How is SGOCO Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
21.4%
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 SGOCO Group 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
- Examine SGOCO Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Tech industry.
Past Performance
How has SGOCO Group performed over the past 5 years?
-39.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SGOC is currently unprofitable.
Growing Profit Margin: SGOC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SGOC is unprofitable, and losses have increased over the past 5 years at a rate of -39.8% per year.
Accelerating Growth: Unable to compare SGOC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SGOC is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (14.6%).
Return on Equity
High ROE: SGOC has a negative Return on Equity (-8.12%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is SGOCO Group's financial position?
Financial Position Analysis
Short Term Liabilities: SGOC's short term assets ($88.7M) exceed its short term liabilities ($14.8M).
Long Term Liabilities: SGOC's short term assets ($88.7M) exceed its long term liabilities ($12.4M).
Debt to Equity History and Analysis
Debt Level: SGOC's debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: SGOC's debt to equity ratio has reduced from 4.8% to 3.3% over the past 5 years.
Balance Sheet
Inventory Level: SGOC has a high level of physical assets or inventory.
Debt Coverage by Assets: SGOC's debt is covered by short term assets (assets are 15.9x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if SGOC has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SGOC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is SGOCO Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate SGOC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SGOC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SGOC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SGOC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SGOC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.7yrs
Average management tenure
CEO
Raleigh Siu Lau (66yo)
1.7yrs
Tenure
Mr. Raleigh Siu Lau has been the Chief Executive Officer and President of SGOCO Group, Ltd. since June 8, 2018 Mr. Lau is a banker who has served for almost 40 years as the senior manager of Chong Hing Ban ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & President | 1.7yrs | no data | 1.25% $970.0k | |
| Interim Chief Financial Officer | 4.6yrs | no data | 0.047% $36.4k | |
| Chief Technology Officer | 1.7yrs | no data | 0.62% $485.0k | |
| Investor Relations Officer | 0yrs | no data | no data | |
| Company Secretary | 0yrs | no data | no data |
1.7yrs
Average Tenure
47yo
Average Age
Experienced Management: SGOC's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 4.2yrs | no data | 0.037% $29.1k | |
| Independent Director | 2.5yrs | no data | 0.037% $29.1k | |
| Independent Director | 2.3yrs | no data | 0.037% $29.1k | |
| Independent Director | 1.7yrs | no data | no data | |
| Independent Director | 1.7yrs | no data | no data |
2.3yrs
Average Tenure
39yo
Average Age
Experienced Board: SGOC's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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 been substantially diluted in the past year, with total shares outstanding growing by 314%.
Top Shareholders
Company Information
SGOCO Group, Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: SGOCO Group, Ltd.
- Ticker: SGOC
- Exchange: NasdaqCM
- Founded: 2005
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$77.626m
- Shares outstanding: 80.03m
- Website: https://www.sgocogroup.com
Number of Employees
Location
- SGOCO Group, Ltd.
- 8 Fui Yiu Kok Street
- 21st Floor
- Tsuen Wan
- New Territories
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SGOC | NasdaqCM (Nasdaq Capital Market) | Yes | Ordinary Shares | US | USD | Mar 2010 |
| SG51 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Mar 2010 |
Biography
SGOCO Group, Ltd. designs, develops, and manufactures phase change material storage systems for applications on cooling and heating systems in Mainland China and Hongkong. The company’s products include phase change material thermal energy storage products; LCD/LED monitors; and TV product-related and application-specific products. It is also involved in money lending services; and property lease and management activities. It sells its products under the SGOCO, Shangwei, and POVIZON brand names. The company was formerly known as SGOCO Technology, Ltd. SGOCO Group, Ltd. was founded in 2005 and is headquartered in Tsuen Wan, Hong Kong.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 02:02 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.