Saturday, March 31, 2018

Valuetronics

Valuetronics - Was experiencing a spiked in price last Thursday whereby the price was opening higher at $1.04 and went up to a high of $1.10 before profit taking set-in and close lower at $1.08. The volume was not  impressive you may like to take note off.


It is still trading on a Uptrend mode as can be seen that the price is hovering above the SMA lines. MACD is still on a rising mode. Looks positive to continue to trend higher.

It may likely re-attempt to re-capture the recent high of $1.12. Crossing over with ease + good volume, that may propel to drive the price higher towards $1.20 then $1.25 with extension to $1.30.

NAV of 0.403.
Rolling EPS of 8.2 cents.
Rolling PE of 11.62 times.

P/B of 2.4 times.

Total Revenue is not consistently increasing as can be seen from the past  5 years financial results, total revenue has been fluctuating up & down between 338m to 486m.
With the current FY 2017 achieving a higher Total revenue of 486m.


Total net income has seen a great improvement from 23.9m to 34.43m. An increase of about CAGR  8.8% for past 5 years. A single high digit grow.

Diluted EPS has slightly improve from 4.2 cents in 2013 to 5.7 cents in 2017. A single high digit grow at CAGR 7.7 %.

Dividend has been more or less maintained around 2 cents to 2.7 cents. Yield is about 2.5% which is considered quite low and not very attractive.
Comparing to Other Tech counter like Sunningdale Tech which is giving a total dividend of 7.5 cents and is giving a yield of almost 4%.


Valuetronics is having a net net position as can be seen from the Balance sheets items, total current assets of 316.7m is more than sufficient to cover the total liabilities of 191.3m.

Ops cash flow has generally gone lower which you may like to take note off .


Return of assets is only achieving a single digit grow of 6.9% .
Return of equity is maintaining well at above 20%.

Net income margin of about 7.1% is also not very impressive.

Not a call to buy or sell.
dyodd.


Valuetronics Holdings Limited, an investment holding company, provides integrated electronics manufacturing services (EMS) in the United States, the People's Republic of China, Poland, Canada, the Netherlands, and internationally. It operates in two segments, Consumer Electronics (CE), and Industrial and Commercial Electronics (ICE). The company provides EMS services to CE and ICE products covering smart lighting products, printers, temperature sensing devices, communication products, automotive products, and medical equipment. It offers design, engineering, manufacturing, and supply chain support services for electronic and electro-mechanical products; and original equipment manufacturing services, including PCBA and box-build assembly, as well as original design manufacturing services. The company’s design services include mechanical design; plastic tool design; electronics, RF, and software designs; regulatory compliance engineering and testing; and product test development services. Its manufacturing services comprise plastic tool fabrication and injection molding; metal stamping and machining; printed circuit board assemblies, including complex multi-layer boards; sub-assemblies and full product assemblies; reliability engineering and testing; quality systems; materials procurement; and on-site program management services. The company’s supply chain support services comprise shipment of products to final destinations; product customization and drop shipment; warranty and non-warranty repairs; spare parts inventory and shipment; and direct fulfillment programs. It also holds properties; provides trading and business services; and manufactures diagnostic equipment. The company serves multinational and mid-size companies in the telecommunications, industrial, commercial, and consumer sectors. Valuetronics Holdings Limited was founded in 1992 and is headquartered in Shatin, Hong Kong.

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