VSTECS Holdings Ltd

Chart & Performance

D1W1MN

P/E

8.12

P/S

0.10

EPS

0.64

Div Yield, %

3.30%

Shrs. gr., 5y

-0.46%

Rev. gr., 5y

3.41%

Revenues

73.89b

-4.44%

Net income

922m

+12.02%

CFO

640m

Dividend

Jun 06, 20240.257 HKD/sh

Earnings

May 30, 2025

Profile

VSTECS Holdings Limited, an investment holding company, develops information technology (IT) product channel and provides technical solution integration services in North Asia and South East Asia. It operates through three segments: Enterprise Systems, Consumer Electronics, and Cloud Computing. The Enterprise Systems segment provides enterprise system tools, such as middleware, operating systems, Unix/NT servers, databases, and storage equipment for IT infrastructure; and IT infrastructure design and implementation, training, maintenance, and support services. The Consumer Electronics segment offers finished IT products, including computers, mobile phones, drones, smart sports watches, 3D printers, game consoles, etc. The Cloud Computing segment provides cloud computing solutions and services. The company is also involved in the retail of IT products, equipment, and accessories; import and export of IT products; and provision of supply chains management and warehouse transport, electronic settlement business center, and project investment and marketing research services. It serves individuals, small and medium enterprises, large corporations, and government entities through a distribution network of resellers comprising retailers, system integrators, and corporate dealers. The company was formerly known as VST Holdings Limited and changed its name to VSTECS Holdings Limited in June 2017. VSTECS Holdings Limited was founded in 1991 and is headquartered in Central, Hong Kong.

URL

http://www.vstecs.com/

IPO date

May 09, 2002

Employees

4,400

Domiciled in

Incorporated in

Valuation

Order:

Title HKD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title HKD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	73,891,296 -4.44%	77,323,994 -1.29%	78,335,446 11.97%
Cost of revenue	72,465,373	76,015,151	76,743,648
Unusual Expense (Income)
NOPBT	1,425,923	1,308,843	1,591,798
NOPBT Margin	1.93%	1.69%	2.03%
Operating Taxes	240,170	258,712	241,110
Tax Rate	16.84%	19.77%	15.15%
NOPAT	1,185,753	1,050,131	1,350,688
Net income	922,033 12.02%	823,071 -37.36%	1,314,026 23.08%
Dividends	(246,656)	(392,896)	(320,138)
Dividend yield	3.99%	6.17%	3.09%
Proceeds from repurchase of equity	(64,162)	(43,533)	5,505
BB yield	1.04%	0.68%	-0.05%
Debt
Debt current	8,233,351	7,083,069	4,837,848
Long-term debt	547,403	1,564,862	1,690,002
Deferred revenue	1,184	2,379	855
Other long-term liabilities		117,407	147,002
Net debt	3,922,545	(267,506)	1,147,549
Cash flow
Cash from operating activities	640,230	(147,865)	580,067
CAPEX	(38,822)	(24,036)	(52,502)
Cash from investing activities	137,756	(517,657)	(47,038)
Cash from financing activities	(1,373,490)	1,249,135	(942,098)
FCF	1,235,307	(1,907,075)	5,211,404
Balance
Cash	4,134,703	8,231,141	4,380,108
Long term investments	723,506	684,296	1,000,193
Excess cash	1,163,644	5,049,237	1,463,529
Stockholders' equity	7,339,651	6,774,593	7,028,245
Invested Capital	15,502,741	11,110,659	12,852,655
ROIC	8.91%	8.76%	10.79%
ROCE	8.54%	8.08%	11.08%
EV
Common stock shares outstanding	1,405,008	1,415,316	1,416,965
Price	4.40 -2.22%	4.50 -38.44%	7.31 13.33%
Market cap	6,182,035 -2.93%	6,368,922 -38.51%	10,358,014 13.50%
EV	10,104,580	6,101,416	11,505,563
EBITDA	1,543,972	1,451,065	1,723,962
EV/EBITDA	6.54	4.20	6.67
Interest	340,054	258,490	146,521
Interest/NOPBT	23.85%	19.75%	9.20%