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Comba Telecom Systems Holdings

OTCPK:COBJ.F
Snowflake Description

Reasonable growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COBJ.F
OTCPK
HK$3B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Comba Telecom Systems Holdings Limited, an investment holding company, researches, develops, manufactures, and sells wireless telecommunications network system equipment. The last earnings update was 107 days ago. More info.


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COBJ.F Share Price and Events
7 Day Returns
0%
OTCPK:COBJ.F
3%
US Communications
3%
US Market
1 Year Returns
-
OTCPK:COBJ.F
5.4%
US Communications
-8.4%
US Market
COBJ.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Comba Telecom Systems Holdings (COBJ.F) 0% 0% - - - -
US Communications 3% -8.8% -13.7% 5.4% 43.4% 66.5%
US Market 3% -9.7% -15.8% -8.4% 20.1% 28.6%
1 Year Return vs Industry and Market
  • No trading data on COBJ.F.
  • No trading data on COBJ.F.
Price Volatility
COBJ.F
Industry
5yr Volatility vs Market

COBJ.F Value

 Is Comba Telecom Systems Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Comba Telecom Systems Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Comba Telecom Systems Holdings.

OTCPK:COBJ.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:COBJ.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.034 (1 + (1- 25%) (69.37%))
1.572
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.57
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.572 * 7.05%)
14.04%

Discounted Cash Flow Calculation for OTCPK:COBJ.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Comba Telecom Systems Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:COBJ.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (HKD, Millions) 64.04 62.36 60.72 59.13 57.59
Source Est @ -2.62% Est @ -2.62% Est @ -2.62% Est @ -2.62% Est @ -2.62%
Present Value
Discounted (@ 14.04%)
56.15 47.95 40.95 34.97 29.86
Present value of next 5 years cash flows HK$209.89
OTCPK:COBJ.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= HK$57.59 × (1 + 2.95%) ÷ (14.04% – 2.95%)
HK$534.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= HK$534.81 ÷ (1 + 14.04%)5
HK$277.34
OTCPK:COBJ.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= HK$209.89 + HK$277.34
HK$487.22
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$487.22 / 2,382.00
HK$0.02
OTCPK:COBJ.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:COBJ.F represents 0.11508x of SEHK:2342
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11508x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.20 x 0.11508
$0.02
Value per share (USD) From above. $0.02
Current discount Discount to share price of $0.15
= -1 x ($0.15 - $0.02) / $0.02
-516%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Comba Telecom Systems Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Comba Telecom Systems Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Comba Telecom Systems Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:COBJ.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in HKD HK$-0.02
SEHK:2342 Share Price ** SEHK (2018-10-03) in HKD HK$1.26
United States of America Communications Industry PE Ratio Median Figure of 37 Publicly-Listed Communications Companies 28.58x
United States of America Market PE Ratio Median Figure of 3,020 Publicly-Listed Companies 16.04x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Comba Telecom Systems Holdings.

OTCPK:COBJ.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2342 Share Price ÷ EPS (both in HKD)

= 1.26 ÷ -0.02

-67.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comba Telecom Systems Holdings is loss making, we can't compare its value to the US Communications industry average.
  • Comba Telecom Systems Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Comba Telecom Systems Holdings's expected growth come at a high price?
Raw Data
OTCPK:COBJ.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -67.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
29.3%per year
United States of America Communications Industry PEG Ratio Median Figure of 24 Publicly-Listed Communications Companies 1.78x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.13x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Comba Telecom Systems Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Comba Telecom Systems Holdings's assets?
Raw Data
OTCPK:COBJ.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in HKD HK$1.51
SEHK:2342 Share Price * SEHK (2018-10-03) in HKD HK$1.26
United States of America Communications Industry PB Ratio Median Figure of 68 Publicly-Listed Communications Companies 1.79x
United States of America Market PB Ratio Median Figure of 5,096 Publicly-Listed Companies 1.61x
OTCPK:COBJ.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2342 Share Price ÷ Book Value per Share (both in HKD)

= 1.26 ÷ 1.51

0.83x

* Primary Listing of Comba Telecom Systems Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comba Telecom Systems Holdings is good value based on assets compared to the US Communications industry average.
X
Value checks
We assess Comba Telecom Systems Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. Comba Telecom Systems Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

COBJ.F Future Performance

 How is Comba Telecom Systems Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Comba Telecom Systems Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Comba Telecom Systems Holdings expected to grow at an attractive rate?
  • Comba Telecom Systems Holdings's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Comba Telecom Systems Holdings's earnings growth is expected to exceed the United States of America market average.
  • Comba Telecom Systems Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:COBJ.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:COBJ.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 29.3%
OTCPK:COBJ.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 11%
United States of America Communications Industry Earnings Growth Rate Market Cap Weighted Average 24.9%
United States of America Communications Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:COBJ.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:COBJ.F Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 7,021 1
2019-12-31 5,878 1
2018-12-31 5,509 1
OTCPK:COBJ.F Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-06-30 5,336 324 -46
2018-03-31 5,450 323 -9
2017-12-31 5,564 322 27
2017-09-30 5,571 276 81
2017-06-30 5,577 229 134
2017-03-31 5,766 320 143
2016-12-31 5,954 412 152
2016-09-30 6,239 677 184
2016-06-30 6,525 942 217
2016-03-31 6,648 1,016 215
2015-12-31 6,771 1,089 213
2015-09-30 6,913 863 200

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Comba Telecom Systems Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Comba Telecom Systems Holdings's revenue is expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:COBJ.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Comba Telecom Systems Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:COBJ.F Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
OTCPK:COBJ.F Past Financials Data
Date (Data in HKD Millions) EPS *
2018-06-30 -0.02
2018-03-31 -0.00
2017-12-31 0.01
2017-09-30 0.03
2017-06-30 0.05
2017-03-31 0.06
2016-12-31 0.06
2016-09-30 0.08
2016-06-30 0.09
2016-03-31 0.09
2015-12-31 0.09
2015-09-30 0.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Comba Telecom Systems Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Comba Telecom Systems Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Comba Telecom Systems Holdings has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

COBJ.F Past Performance

  How has Comba Telecom Systems Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Comba Telecom Systems Holdings's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Comba Telecom Systems Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Comba Telecom Systems Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Comba Telecom Systems Holdings's 1-year growth to the US Communications industry average as it is not currently profitable.
Earnings and Revenue History
Comba Telecom Systems Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Comba Telecom Systems Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:COBJ.F Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 5,335.51 -45.80 1,139.49 352.35
2018-03-31 5,449.62 -9.22 1,112.83 341.84
2017-12-31 5,563.73 27.37 1,086.18 331.33
2017-09-30 5,570.52 80.66 1,125.58 276.14
2017-06-30 5,577.32 133.95 1,164.98 220.95
2017-03-31 5,765.83 143.11 1,209.35 224.28
2016-12-31 5,954.33 152.26 1,253.72 227.61
2016-09-30 6,239.42 184.42 1,260.00 235.73
2016-06-30 6,524.52 216.58 1,266.28 243.86
2016-03-31 6,647.70 214.73 1,287.74 237.39
2015-12-31 6,770.89 212.88 1,309.19 230.92
2015-09-30 6,912.93 200.22 1,309.47 215.81
2015-06-30 7,054.97 187.56 1,309.75 200.70
2015-03-31 6,894.09 169.31 1,304.48 196.84
2014-12-31 6,733.21 151.06 1,299.20 192.99
2014-09-30 6,657.48 66.66 1,314.20 210.24
2014-06-30 6,581.75 -17.74 1,329.19 227.49
2014-03-31 6,151.18 -129.23 1,311.82 217.33
2013-12-31 5,720.60 -240.72 1,294.45 207.16
2013-09-30 5,812.18 -216.40 1,310.10 234.89
2013-06-30 5,903.76 -192.08 1,325.75 262.63
2013-03-31 6,118.31 -197.22 1,367.07 319.70
2012-12-31 6,332.87 -202.36 1,408.39 376.77
2012-09-30 6,366.75 -10.73 1,409.53 411.67
2012-06-30 6,400.63 180.90 1,410.68 446.57
2012-03-31 6,377.43 419.99 1,339.24 404.24
2011-12-31 6,354.22 659.08 1,267.80 361.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Comba Telecom Systems Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Comba Telecom Systems Holdings has efficiently used its assets last year compared to the US Communications industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Comba Telecom Systems Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Comba Telecom Systems Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Comba Telecom Systems Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

COBJ.F Health

 How is Comba Telecom Systems Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Comba Telecom Systems Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Comba Telecom Systems Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Comba Telecom Systems Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Comba Telecom Systems Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Comba Telecom Systems Holdings Company Filings, last reported 6 months ago.

OTCPK:COBJ.F Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 4,174.18 2,082.10 1,012.25
2018-03-31 4,174.18 2,082.10 1,012.25
2017-12-31 4,331.49 1,582.38 1,348.09
2017-09-30 4,331.49 1,582.38 1,348.09
2017-06-30 3,707.44 1,403.15 768.54
2017-03-31 3,707.44 1,403.15 768.54
2016-12-31 3,493.15 1,366.81 1,563.39
2016-09-30 3,493.15 1,366.81 1,563.39
2016-06-30 3,675.12 1,097.40 1,012.06
2016-03-31 3,675.12 1,097.40 1,012.06
2015-12-31 3,711.79 1,370.83 1,879.51
2015-09-30 3,711.79 1,370.83 1,879.51
2015-06-30 3,836.02 1,661.10 918.68
2015-03-31 3,836.02 1,661.10 918.68
2014-12-31 3,765.96 1,651.02 1,375.85
2014-09-30 3,765.96 1,651.02 1,375.85
2014-06-30 3,722.27 1,555.52 791.52
2014-03-31 3,722.27 1,555.52 791.52
2013-12-31 3,727.89 1,558.08 1,681.03
2013-09-30 3,727.89 1,558.08 1,681.03
2013-06-30 3,757.35 1,585.88 864.17
2013-03-31 3,757.35 1,585.88 864.17
2012-12-31 3,862.16 1,558.66 1,573.24
2012-09-30 3,862.16 1,558.66 1,573.24
2012-06-30 3,793.91 1,527.10 687.94
2012-03-31 3,793.91 1,527.10 687.94
2011-12-31 4,082.82 1,124.71 1,187.23
  • Comba Telecom Systems Holdings's level of debt (49.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (42.2% vs 49.9% today).
  • Debt is not well covered by operating cash flow (15.6%, less than 20% of total debt).
  • Comba Telecom Systems Holdings is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Comba Telecom Systems Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Comba Telecom Systems Holdings has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

COBJ.F Dividends

 What is Comba Telecom Systems Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Comba Telecom Systems Holdings dividends. Estimated to be 0.9% next year.
If you bought $2,000 of Comba Telecom Systems Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Comba Telecom Systems Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Comba Telecom Systems Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:COBJ.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Communications Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1985 Stocks 2.8%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:COBJ.F Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.02 1.00
2019-12-31 0.01 1.00
2018-12-31 0.01 1.00
OTCPK:COBJ.F Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-09-14 0.000 0.000
2018-08-22 0.000 0.000
2018-04-24 0.000 0.000
2018-03-22 0.000 0.000
2017-09-15 0.000 0.000
2017-08-24 0.000 0.000
2017-04-24 0.022 1.954
2016-05-27 0.030 2.300
2015-09-15 0.021 1.802
2015-08-20 0.021 1.791
2015-06-03 0.018 1.219
2014-09-17 0.015 0.815
2014-08-21 0.015 0.688
2013-09-13 0.000 0.000
2013-08-23 0.000 0.000
2013-03-22 0.000 0.000
2012-09-10 0.000 0.000
2012-08-22 0.000 0.000
2012-04-16 0.075 4.168
2012-03-21 0.075 2.688
2011-03-25 0.076 1.867
2010-08-23 0.072 1.485
2010-03-31 0.075 1.611
2009-09-17 0.051 1.293
2009-09-02 0.051 1.740
2009-04-28 0.027 1.511
2008-12-31 0.023 2.642

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Comba Telecom Systems Holdings has not reported any payouts.
  • Unable to verify if Comba Telecom Systems Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Comba Telecom Systems Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Comba Telecom Systems Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Comba Telecom Systems Holdings's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Comba Telecom Systems Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Comba Telecom Systems Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Comba Telecom Systems Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

COBJ.F Management

 What is the CEO of Comba Telecom Systems Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tony Fok
COMPENSATION HK$5,412,000
AGE 61
CEO Bio

Mr. Tung Ling Fok, also known as Tony, co-founded Comba Telecom Systems Holdings Ltd. in 1997 and serves as its Chairman and Managing Director. Previously, Mr. Fok served as the President of Comba Telecom Systems Holdings Ltd., until September 30, 2011. He is primarily responsible for its Overall Strategic Planning, Management and Business Development. He has over 20 years of experience in wireless communications. From 1982 to 1987, he was an Engineer in Microwave Telecommunications Main Station of Guangdong Bureau Post and Telecommunications. Prior to 1991, he served as an Executive at China Electronics Import-Export Corporation, South China Branch involved in the import and export of electronic products. From 1991 to 1997, Mr. Fok was engaged in the trading of telecommunications and electronic equipment and components. He serves as a Director of Prime Choice Investments Limited. In 1986, he Graduated from the Beijing University of Post and Telecommunications majoring microwave communications.

CEO Compensation
  • Tony's compensation has increased whilst company is loss making.
  • Tony's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Comba Telecom Systems Holdings management team in years:

1.8
Average Tenure
49.5
Average Age
  • The average tenure for the Comba Telecom Systems Holdings management team is less than 2 years, this suggests a new team.
Management Team

Tony Fok

TITLE
Chairman & MD
COMPENSATION
HK$5M
AGE
61

Yue Zhang

TITLE
Vice Chairman
COMPENSATION
HK$6M
AGE
59

Simon Yeung

TITLE
Senior Advisor to Chairma
COMPENSATION
HK$7M
AGE
45
TENURE
0.6 yrs

Huijun Xu

TITLE
President & Executive Director
AGE
45

Ken Chang

TITLE
Group CFO & Executive Director
AGE
43
TENURE
2.2 yrs

Xue Li

TITLE
VP & GM of Audit & Legal Center
AGE
45
TENURE
1.7 yrs

Tie Long Wu

TITLE
Senior VP
AGE
54
TENURE
1.9 yrs

Rui Luo

TITLE
VP & GM of Human Resource Center
AGE
43

Sui Chen

TITLE
Senior Vice President
AGE
54

Bin Long Bu

TITLE
Senior VP
AGE
55
Board of Directors Tenure

Average tenure and age of the Comba Telecom Systems Holdings board of directors in years:

0.8
Average Tenure
59
Average Age
  • The average tenure for the Comba Telecom Systems Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tony Fok

TITLE
Chairman & MD
COMPENSATION
HK$5M
AGE
61

Yue Zhang

TITLE
Vice Chairman
COMPENSATION
HK$6M
AGE
59

Huijun Xu

TITLE
President & Executive Director
AGE
45
TENURE
0.3 yrs

Ken Chang

TITLE
Group CFO & Executive Director
AGE
43
TENURE
0.8 yrs

Tie Long Wu

TITLE
Senior VP
AGE
54
TENURE
0.7 yrs

Bin Long Bu

TITLE
Senior VP
AGE
55
TENURE
0.7 yrs

Kevin Lau

TITLE
Independent Non-Executive Director
COMPENSATION
HK$248K
AGE
60
TENURE
15.7 yrs

Jin Lin

TITLE
Independent Non-Executive Director
COMPENSATION
HK$248K
AGE
72
TENURE
6.6 yrs

Ting Qian

TITLE
Independent Non-Executive Director
COMPENSATION
HK$248K
AGE
70
TENURE
6.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
24. Sep 18 Buy Huijun Xu Individual 19. Sep 18 19. Sep 18 5,000,000 $0.16 $822,290
24. Sep 18 Sell Tung Fok Individual 19. Sep 18 19. Sep 18 -5,000,000 $0.16 $-822,290
X
Management checks
We assess Comba Telecom Systems Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Comba Telecom Systems Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

COBJ.F News

External News
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Simply Wall St News

COBJ.F Company Info

Map
Description

Comba Telecom Systems Holdings Limited, an investment holding company, researches, develops, manufactures, and sells wireless telecommunications network system equipment. The company offers base station antennas; indoor antennas; RET systems, including remote and portable control units, as well as AISG cables; RF products, such as filters, hybrid combiners, combiners, smart bias tees, dummy loads, directional couplers, hybrid couplers, power splitters, and modular multiple operator combiners. It also provides wireless access products comprising small cell gateways, network management systems, enterprise small cells, and polycell systems; and wireless broadband solutions that include access points and controllers, CPEs, PoE switches, etc., as well as core network and terminal devices to MMO, WISP, and enterprise customers. In addition, the company offers wireless enhancement products that include RF repeaters; DAS products; and CMS, OMT, and Mobile AppOMT software products. Further, it provides wireless transmission systems, which comprises portable, vehicle, and shipboard antennas; and microwave transmission systems, including couplers, full outdoor systems, microwave antennas, split systems, and OMT for use in emergency mobile station, small cell, live video command, and maritime communication backhaul. Additionally, the company offers consultancy, DAS network design, drive test and benchmarking, maintenance, managed, network data analysis and optimization, and training services; and software technology and marketing, technical support, repair, trading, general, assembly, and related value-added services. It serves the airport, education, government and public safety, healthcare, hospitality, retail, stadium, and transportation industries in Mainland China, other Asia Pacific countries, the Americas, the European Union, the Middle East, and internationally. The company was founded in 1995 and is headquartered in Tai Po, Hong Kong.

Details
Name: Comba Telecom Systems Holdings Limited
COBJ.F
Exchange: OTCPK
Founded: 1995
HK$383,263,233
2,382,002,285
Website: http://www.comba-telecom.com
Address: Comba Telecom Systems Holdings Limited
611 East Wing,
No. 8 Science Park West Avenue,
Tai Po,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2342 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 15. Jul 2003
OTCPK COBJ.F Ordinary Shares Pink Sheets LLC US USD 15. Jul 2003
DB COA1 Ordinary Shares Deutsche Boerse AG DE EUR 15. Jul 2003
Number of employees
Current staff
Staff numbers
7,600
Comba Telecom Systems Holdings employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/30 00:06
End of day share price update: 2018/10/03 00:00
Last estimates confirmation: 2018/12/10
Last earnings filing: 2018/09/14
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.