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Company Analysis Launch Tech Company Limited
1. Summary
Advantages
- Price (12.78 HK$) is less than fair price (13.38 HK$)
- Dividends (9.59%) are higher than the sector average (5.4%).
- The stock's return over the last year (161.89%) is higher than the sector average (0%).
- The company's current efficiency (ROE=29.46%) is higher than the sector average (ROE=-12.05%)
Disadvantages
- Current debt level 12.92% has increased over 5 years from 3.8%.
Similar companies
2. Share price and performance
2.1. Share price
2.3. Market efficiency
| Launch Tech Company Limited | Consumer Cyclical | Index | |
|---|---|---|---|
| 7 days | 0.6% | 0.5% | 3.3% |
| 90 days | 23.6% | 42.2% | 16% |
| 1 year | 161.9% | 0% | 42.5% |
2488 vs Sector: Launch Tech Company Limited has outperformed the "Consumer Cyclical" sector by 161.89% over the past year.
2488 vs Market: Launch Tech Company Limited has outperformed the market by 119.35% over the past year.
Stable price: 2488 is not significantly more volatile than the rest of the market on "Hong Kong Exchanges" over the last 3 months, with typical variations of +/- 5% per week.
Long period: 2488 with weekly volatility of 3.11% over the past year.
3. Summary of the report
4. Fundamental Analysis
4.1. Stock price and price forecast
Below fair price: The current price (12.78 HK$) is lower than the fair price (13.38 HK$).
Price not significantly lower than the fair price: The current price (12.78 HK$) is slightly lower than the fair price by 4.7%.
4.2. P/E
P/E vs Sector: The company's P/E (10.13) is lower than that of the sector as a whole (129.64).
P/E vs Market: The company's P/E (10.13) is lower than that of the market as a whole (43.79).
4.2.1 P/E Similar companies
4.3. P/BV
P/BV vs Sector: The company's P/BV (2.76) is lower than that of the sector as a whole (3.57).
P/BV vs Market: The company's P/BV (2.76) is higher than that of the market as a whole (1.59).
4.3.1 P/BV Similar companies
4.4. P/S
P/S vs Sector: The company's P/S indicator (1.83) is lower than that of the sector as a whole (2.13).
P/S vs Market: The company's P/S indicator (1.83) is lower than that of the market as a whole (2.5).
4.4.1 P/S Similar companies
4.5. EV/Ebitda
EV/Ebitda vs Sector: The company's EV/Ebitda (2.16) is lower than that of the sector as a whole (23.98).
EV/Ebitda vs Market: The company's EV/Ebitda (2.16) is lower than that of the market as a whole (9.93).
5. Profitability
5.1. Profitability and revenue
5.2. Earnings per share - EPS
5.3. Past profitability Net Income
Yield Trend: Negative and has fallen by -76.37% over the last 5 years.
Accelerating profitability: The return for the last year (0%) exceeds the average return for 5 years (-76.37%).
Profitability vs Sector: The return for the last year (0%) exceeds the return for the sector (-8.95%).
5.4. ROE
ROE vs Sector: The company's ROE (29.46%) is higher than that of the sector as a whole (-12.05%).
ROE vs Market: The company's ROE (29.46%) is higher than that of the market as a whole (2.89%).
5.5. ROA
ROA vs Sector: The company's ROA (17.63%) is higher than that of the sector as a whole (4.7%).
ROA vs Market: The company's ROA (17.63%) is higher than that of the market as a whole (3.12%).
5.6. ROIC
ROIC vs Sector: The company's ROIC (0%) is lower than that of the sector as a whole (20.88%).
ROIC vs Market: The company's ROIC (0%) is lower than that of the market as a whole (20.88%).
7. Dividends
7.1. Dividend yield vs Market
High yield: The dividend yield of the company 9.59% is higher than the average for the sector '5.4%.
7.2. Stability and increase in payments
Dividend stability: The company's dividend yield 9.59% has been steadily paid over the past 7 years, DSI=0.86.
Weak dividend growth: The company's dividend yield 9.59% has been growing weakly or stagnant over the past 5 years. Growth over only 2 years.
7.3. Payout percentage
Dividend Coverage: Current payments from income (59.81%) are at a comfortable level.
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