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SIM Technology Group

OTCPK:SIMT.F
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SIMT.F
OTCPK
HK$812M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

SIM Technology Group Limited, an investment holding company, operates in the mobile communication and Internet of Things (IOT) industry. The last earnings update was 3 days ago. More info.


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SIMT.F Share Price and Events
7 Day Returns
0%
OTCPK:SIMT.F
-1%
US Communications
-1.1%
US Market
1 Year Returns
-
OTCPK:SIMT.F
16.9%
US Communications
6.4%
US Market
SIMT.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SIM Technology Group (SIMT.F) 0% -11.1% - - -14% -9.1%
US Communications -1% 3.8% 24.6% 16.9% 77.2% 85.7%
US Market -1.1% 0.3% 16.7% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • No trading data on SIMT.F.
  • No trading data on SIMT.F.
Price Volatility
SIMT.F
Industry
5yr Volatility vs Market

SIMT.F Value

 Is SIM Technology Group 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 SIM Technology Group 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 SIM Technology Group.

OTCPK:SIMT.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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:SIMT.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.084 (1 + (1- 25%) (10.33%))
1.112
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.112 * 6.65%)
10.13%

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

The calculations below outline how an intrinsic value for SIM Technology Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:SIMT.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 10.13%)
2019 22.32 Est @ -47.49% 20.27
2020 15.08 Est @ -32.42% 12.44
2021 11.78 Est @ -21.88% 8.82
2022 10.08 Est @ -14.5% 6.85
2023 9.14 Est @ -9.33% 5.64
2024 8.61 Est @ -5.71% 4.83
2025 8.34 Est @ -3.18% 4.25
2026 8.22 Est @ -1.41% 3.80
2027 8.21 Est @ -0.17% 3.45
2028 8.27 Est @ 0.7% 3.15
Present value of next 10 years cash flows HK$73.49
OTCPK:SIMT.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$8.27 × (1 + 2.73%) ÷ (10.13% – 2.73%)
HK$114.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$114.81 ÷ (1 + 10.13%)10
HK$43.75
OTCPK:SIMT.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$73.49 + HK$43.75
HK$117.24
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$117.24 / 2,499.26
HK$0.05
OTCPK:SIMT.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:SIMT.F represents 0.12308x of SEHK:2000
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.12308x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.05 x 0.12308
$0.01
Value per share (USD) From above. $0.01
Current discount Discount to share price of $0.04
= -1 x ($0.04 - $0.01) / $0.01
-592.8%

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

  • The current share price of SIM Technology Group 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 SIM Technology Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SIM Technology Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SIMT.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.09
SEHK:2000 Share Price ** SEHK (2019-02-27) in HKD HK$0.33
United States of America Communications Industry PE Ratio Median Figure of 34 Publicly-Listed Communications Companies 29.74x
United States of America Market PE Ratio Median Figure of 3,061 Publicly-Listed Companies 17.15x

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

** Primary Listing of SIM Technology Group.

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

= SEHK:2000 Share Price ÷ EPS (both in HKD)

= 0.33 ÷ 0.09

3.48x

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

  • SIM Technology Group is good value based on earnings compared to the US Communications industry average.
  • SIM Technology Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does SIM Technology Group's expected growth come at a high price?
Raw Data
OTCPK:SIMT.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
0.4%per year
United States of America Communications Industry PEG Ratio Median Figure of 21 Publicly-Listed Communications Companies 1.25x
United States of America Market PEG Ratio Median Figure of 2,104 Publicly-Listed Companies 1.45x

*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 SIM Technology Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SIM Technology Group's assets?
Raw Data
OTCPK:SIMT.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.85
SEHK:2000 Share Price * SEHK (2019-02-27) in HKD HK$0.33
United States of America Communications Industry PB Ratio Median Figure of 68 Publicly-Listed Communications Companies 1.83x
United States of America Market PB Ratio Median Figure of 5,164 Publicly-Listed Companies 1.84x
OTCPK:SIMT.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2000 Share Price ÷ Book Value per Share (both in HKD)

= 0.33 ÷ 0.85

0.38x

* Primary Listing of SIM Technology Group.

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

  • SIM Technology Group is good value based on assets compared to the US Communications industry average.
X
Value checks
We assess SIM Technology Group'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. SIM Technology Group has a total score of 3/6, 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.

SIMT.F Future Performance

 How is SIM Technology Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover SIM Technology Group, 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
0.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SIM Technology Group expected to grow at an attractive rate?
  • SIM Technology Group's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • SIM Technology Group's earnings growth is positive but not above the United States of America market average.
  • Unable to compare SIM Technology Group's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:SIMT.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SIMT.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 0.4%
United States of America Communications Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
United States of America Communications Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:SIMT.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SIMT.F Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,312 250 238
2018-09-30 2,835 315 322
2018-06-30 3,358 379 406
2018-03-31 3,308 379 259
2017-12-31 3,259 380 112
2017-09-30 3,043 286 97
2017-06-30 2,828 193 82
2017-03-31 2,776 202 80
2016-12-31 2,724 211 77
2016-09-30 3,061 255 78
2016-06-30 3,398 300 79
2016-03-31 3,298 231 72

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SIM Technology Group's earnings are expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if SIM Technology Group is high growth as no revenue estimate data is available.
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:SIMT.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from SIM Technology Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SIMT.F Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.09
2018-09-30 0.13
2018-06-30 0.16
2018-03-31 0.10
2017-12-31 0.04
2017-09-30 0.04
2017-06-30 0.03
2017-03-31 0.03
2016-12-31 0.03
2016-09-30 0.03
2016-06-30 0.03
2016-03-31 0.03

*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.
  • Unable to establish if SIM Technology Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess SIM Technology Group'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.
SIM Technology Group has a total score of 0/6, 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.

SIMT.F Past Performance

  How has SIM Technology Group 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 SIM Technology Group'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.
  • SIM Technology Group has delivered over 20% year on year earnings growth in the past 5 years.
  • SIM Technology Group's 1-year earnings growth exceeds its 5-year average (113.2% vs 67.9%)
  • SIM Technology Group's earnings growth has exceeded the US Communications industry average in the past year (113.2% vs 15.2%).
Earnings and Revenue History
SIM Technology Group'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 SIM Technology Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SIMT.F Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,312.23 238.01 235.65 52.24
2018-09-30 2,835.14 322.01 256.56 66.57
2018-06-30 3,358.05 406.01 277.46 80.91
2018-03-31 3,308.28 258.83 272.07 85.78
2017-12-31 3,258.52 111.65 266.67 90.64
2017-09-30 3,043.14 96.80 259.27 95.60
2017-06-30 2,827.75 81.95 251.86 100.56
2017-03-31 2,776.07 79.61 256.49 101.38
2016-12-31 2,724.39 77.28 261.11 102.20
2016-09-30 3,061.28 78.24 255.09 110.44
2016-06-30 3,398.18 79.19 249.08 118.68
2016-03-31 3,297.73 71.92 240.14 133.77
2015-12-31 3,197.29 64.65 231.19 148.87
2015-09-30 2,874.52 50.05 226.30 146.19
2015-06-30 2,551.75 35.46 221.41 143.52
2015-03-31 2,452.05 29.71 204.45 143.85
2014-12-31 2,352.35 23.97 187.49 144.18
2014-09-30 2,103.60 -42.15 187.91 154.36
2014-06-30 1,854.85 -108.26 188.32 164.55
2014-03-31 1,785.46 -173.73 197.74 183.08
2013-12-31 1,716.08 -239.20 207.16 201.62
2013-09-30 2,055.64 -201.77 201.91 201.66
2013-06-30 2,395.19 -164.35 196.65 201.70
2013-03-31 2,660.26 -130.51 203.12 193.06
2012-12-31 2,925.32 -96.67 209.58 184.42
2012-09-30 3,155.38 -80.84 216.41 191.82
2012-06-30 3,385.45 -65.01 223.24 199.22
2012-03-31 3,359.77 -45.25 223.26 191.43

*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.
  • SIM Technology Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SIM Technology Group used its assets more efficiently than the US Communications industry average last year based on Return on Assets.
  • It is difficult to establish if SIM Technology Group 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 SIM Technology Group'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.
SIM Technology Group has a total score of 4/6, 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.

SIMT.F Health

 How is SIM Technology Group'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 SIM Technology Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SIM Technology Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SIM Technology Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SIM Technology Group'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 22.3x 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 SIM Technology Group Company Filings, last reported 2 months ago.

OTCPK:SIMT.F Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,222.44 83.89 666.05
2018-09-30 2,222.44 83.89 666.05
2018-06-30 2,370.69 118.03 593.90
2018-03-31 2,370.69 118.03 593.90
2017-12-31 2,223.29 225.26 417.09
2017-09-30 2,223.29 225.26 417.09
2017-06-30 2,113.42 199.48 265.19
2017-03-31 2,113.42 199.48 265.19
2016-12-31 2,132.55 335.60 249.13
2016-09-30 2,132.55 335.60 249.13
2016-06-30 2,026.72 205.28 245.69
2016-03-31 2,026.72 205.28 245.69
2015-12-31 1,998.38 337.02 298.39
2015-09-30 1,998.38 337.02 298.39
2015-06-30 2,025.44 383.65 366.48
2015-03-31 2,025.44 383.65 366.48
2014-12-31 1,998.45 318.96 333.20
2014-09-30 1,998.45 318.96 333.20
2014-06-30 1,945.82 320.33 210.32
2014-03-31 1,945.82 320.33 210.32
2013-12-31 1,959.05 191.80 287.44
2013-09-30 1,959.05 191.80 287.44
2013-06-30 2,069.38 268.88 374.54
2013-03-31 2,069.38 268.88 374.54
2012-12-31 2,171.87 50.77 1,019.17
2012-09-30 2,171.87 50.77 1,019.17
2012-06-30 2,005.12 438.45 352.60
2012-03-31 2,005.12 438.45 352.60
  • SIM Technology Group's level of debt (3.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (9.9% vs 3.8% today).
  • Debt is well covered by operating cash flow (298.5%, greater than 20% of total debt).
  • SIM Technology Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess SIM Technology Group'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. SIM Technology Group has a total score of 6/6, 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.

SIMT.F Dividends

 What is SIM Technology Group'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
4.92%
Current annual income from SIM Technology Group dividends.
If you bought $2,000 of SIM Technology Group shares you are expected to receive $98 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?
  • SIM Technology Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • SIM Technology Group's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
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:SIMT.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 0 Analyst Estimates (S&P Global) See Below
United States of America Communications Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
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 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:SIMT.F Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-04-26 0.016 4.979
2018-03-22 0.016 4.451
2017-04-27 0.010 2.547
2017-03-30 0.010 2.760
2013-04-24 0.000 0.000
2013-03-21 0.000 0.000
2012-09-17 0.000 0.000
2012-08-21 0.000 0.000
2012-03-22 0.000 0.000
2011-08-19 0.040 5.798
2011-03-03 0.060 5.433
2010-09-08 0.047 2.995
2010-03-17 0.030 1.730
2009-08-21 0.018 1.738
2009-03-25 0.040 4.943

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of SIM Technology Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SIM Technology Group'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 SIM Technology Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SIM Technology Group has a total score of 3/6, see the detailed checks below.


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

SIMT.F Management

 What is the CEO of SIM Technology Group'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
Jun Liu
COMPENSATION HK$1,286,000
AGE 46
TENURE AS CEO 4.5 years
CEO Bio

Mr. Jun Liu has been the Chief Executive Officer at SIM Technology Group Ltd. since September 2014. Mr. Liu joined SIM Technology in 2009 after the acquisition by SIM Technology of (Smartwireless Technology Limited), a company founded by Mr. Liu in 2007. Prior to this, he served as the Chief Technical Officer of SIM Technology Group and was responsible for the management of the product and technology platform of the Group. He has extensive experience in the field of telecommunication technology and software programmes development. Prior to joining SIM Technology Group, he has worked for the mobile research and development centre of Motorola in Beijing and was responsible for the development of telecommunication software programmes. Mr. Liu has also worked for China Techfaith Wireless Communication Technology Limited from August 2002 to March 2007, in various positions including as a Director, Chief Operating Officer and Executive Senior Vice President. He has been Executive Director of SIM Technology Group Ltd. since June 4, 2015. Mr. Liu holds a bachelor's degree in electronic engineering from Tianjin University in 1994 and was awarded the master's degree in information technology from Nanjing Institute of Post and Telecommunications (now Nanjing University of Post and Telecommunications) in 1997.

CEO Compensation
  • Jun's compensation has been consistent with company performance over the past year.
  • Jun's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Man Ying Yeung

TITLE
Chairman
AGE
73

Jun Liu

TITLE
CEO & Executive Director
COMPENSATION
HK$1M
AGE
46
TENURE
4.5 yrs

Cho Wong

TITLE
President & Executive Director
AGE
73

Rongrong Tang

TITLE
VP of the Business Operation Headquarter & Executive Director
COMPENSATION
HK$839K
AGE
64

Chi Chan

TITLE
CFO & Company Secretary
AGE
39
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the SIM Technology Group board of directors in years:

7.1
Average Tenure
61
Average Age
  • The tenure for the SIM Technology Group board of directors is about average.
Board of Directors

Man Ying Yeung

TITLE
Chairman
AGE
73

Jun Liu

TITLE
CEO & Executive Director
COMPENSATION
HK$1M
AGE
46
TENURE
3.8 yrs

Cho Wong

TITLE
President & Executive Director
AGE
73
TENURE
14.3 yrs

Rongrong Tang

TITLE
VP of the Business Operation Headquarter & Executive Director
COMPENSATION
HK$839K
AGE
64
TENURE
14.2 yrs

Hing Liu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$156K
AGE
55
TENURE
10.5 yrs

Tianmiao Wang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$110K
AGE
58
TENURE
1.9 yrs

Zhe Wu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$110K
AGE
61
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess SIM Technology Group'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. SIM Technology Group 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.

SIMT.F News

Simply Wall St News

SIMT.F Company Info

Description

SIM Technology Group Limited, an investment holding company, operates in the mobile communication and Internet of Things (IOT) industry. It operates through five segments: Handsets and IOT Terminals Business, Wireless Communication Modules Business, Internet of Things System and Online-to-Offline Business, Intelligent Manufacturing Business, and Property Development. The company offers handsets and IOT terminals; and 2G, 3G, and 4G wireless communication modules and global navigation satellite system modules. It also provides various types of cloud system solutions with a back-end software system; and online-to-offline cloud trading platform to vending machine operators. In addition, it offers automated equipment based on integrated robotic applications; optical system products, which are focusing on machine vision and artificial intelligence technology to replace various visual inspection workers in the production line; and back-end software to replace or assist simple and straightforward computer operations for a white-collar worker in manufacturing or supply chain management. Further, the company offers capacitor panels and LCD modules for mobile phones and portable devices; wireless modules; and original design manufacturer and operation service, as well as engages in the property development activities. Additionally, it engages in the provision of administrative and finance lease services; building design and construction of smart homes; development of automated test equipment and software; and trading of snacks. SIM Technology Group Limited was founded in 1986 and is based in Kwun Tong, Hong Kong.

Details
Name: SIM Technology Group Limited
SIMT.F
Exchange: OTCPK
Founded: 1986
HK$103,511,674
2,499,262,300
Website: http://www.sim.com
Address: SIM Technology Group Limited
Billion Trade Centre,
Unit 1206, 12th Floor,
Kwun Tong,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2000 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 30. Jun 2005
OTCPK SIMT.F Ordinary Shares Pink Sheets LLC US USD 30. Jun 2005
TSEC 912000 TDR EACH REPR 2 SHS Taiwan Stock Exchange TW TWD 25. Apr 2011
Number of employees
Current staff
Staff numbers
1,900
SIM Technology Group employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 00:05
End of day share price update: 2019/02/27 00:00
Last earnings filing: 2019/03/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.