Category Archives: Technology

With a price-to-earnings (or "P/E") ratio of 42.7x Beijing CTJ Information Technology Co., Ltd. (SZSE:301153) may be sending bearish signals at the moment, given that almost half of all companies in China have P/E ratios under 30x and even P/E's lower than 18x are not unusual. Nonetheless, we'd need to dig a little deeper to determine if there is a rational basis for the elevated P/E.

With earnings growth that's superior to most other companies of late, Beijing CTJ Information Technology has been doing relatively well. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. If not, then existing shareholders might be a little nervous about the viability of the share price.

Check out our latest analysis for Beijing CTJ Information Technology

In order to justify its P/E ratio, Beijing CTJ Information Technology would need to produce impressive growth in excess of the market.

Retrospectively, the last year delivered a decent 3.8% gain to the company's bottom line. The latest three year period has also seen an excellent 80% overall rise in EPS, aided somewhat by its short-term performance. Therefore, it's fair to say the earnings growth recently has been superb for the company.

Looking ahead now, EPS is anticipated to climb by 25% during the coming year according to the four analysts following the company. With the market predicted to deliver 38% growth , the company is positioned for a weaker earnings result.

In light of this, it's alarming that Beijing CTJ Information Technology's P/E sits above the majority of other companies. Apparently many investors in the company are way more bullish than analysts indicate and aren't willing to let go of their stock at any price. There's a good chance these shareholders are setting themselves up for future disappointment if the P/E falls to levels more in line with the growth outlook.

Using the price-to-earnings ratio alone to determine if you should sell your stock isn't sensible, however it can be a practical guide to the company's future prospects.

We've established that Beijing CTJ Information Technology currently trades on a much higher than expected P/E since its forecast growth is lower than the wider market. When we see a weak earnings outlook with slower than market growth, we suspect the share price is at risk of declining, sending the high P/E lower. Unless these conditions improve markedly, it's very challenging to accept these prices as being reasonable.

Many other vital risk factors can be found on the company's balance sheet. Our free balance sheet analysis for Beijing CTJ Information Technology with six simple checks will allow you to discover any risks that could be an issue.

Of course, you might also be able to find a better stock than Beijing CTJ Information Technology. So you may wish to see this free collection of other companies that have reasonable P/E ratios and have grown earnings strongly.

Find out whether Beijing CTJ Information Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Earnings Not Telling The Story For Beijing CTJ Information Technology Co., Ltd. (SZSE:301153) - Simply Wall St

Key Financial Results

All figures shown in the chart above are for the trailing 12 month (TTM) period

Vontron Technology shares are down 5.2% from a week ago.

It is worth noting though that we have found 1 warning sign for Vontron Technology that you need to take into consideration.

Find out whether Vontron Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Vontron Technology Full Year 2023 Earnings: EPS: CN0.35 (vs CN0.34 in FY 2022) - Simply Wall St

Unfortunately for some shareholders, the USPACE Technology Group Limited (HKG:1725) share price has dived 28% in the last thirty days, prolonging recent pain. For any long-term shareholders, the last month ends a year to forget by locking in a 85% share price decline.

Although its price has dipped substantially, you could still be forgiven for feeling indifferent about USPACE Technology Group's P/S ratio of 0.8x, since the median price-to-sales (or "P/S") ratio for the Electronic industry in Hong Kong is also close to 0.4x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.

Check out our latest analysis for USPACE Technology Group

For instance, USPACE Technology Group's receding revenue in recent times would have to be some food for thought. Perhaps investors believe the recent revenue performance is enough to keep in line with the industry, which is keeping the P/S from dropping off. If you like the company, you'd at least be hoping this is the case so that you could potentially pick up some stock while it's not quite in favour.

The only time you'd be comfortable seeing a P/S like USPACE Technology Group's is when the company's growth is tracking the industry closely.

In reviewing the last year of financials, we were disheartened to see the company's revenues fell to the tune of 6.6%. Regardless, revenue has managed to lift by a handy 8.3% in aggregate from three years ago, thanks to the earlier period of growth. Accordingly, while they would have preferred to keep the run going, shareholders would be roughly satisfied with the medium-term rates of revenue growth.

Comparing the recent medium-term revenue trends against the industry's one-year growth forecast of 18% shows it's noticeably less attractive.

With this in mind, we find it intriguing that USPACE Technology Group's P/S is comparable to that of its industry peers. Apparently many investors in the company are less bearish than recent times would indicate and aren't willing to let go of their stock right now. Maintaining these prices will be difficult to achieve as a continuation of recent revenue trends is likely to weigh down the shares eventually.

Following USPACE Technology Group's share price tumble, its P/S is just clinging on to the industry median P/S. We'd say the price-to-sales ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.

Our examination of USPACE Technology Group revealed its poor three-year revenue trends aren't resulting in a lower P/S as per our expectations, given they look worse than current industry outlook. Right now we are uncomfortable with the P/S as this revenue performance isn't likely to support a more positive sentiment for long. If recent medium-term revenue trends continue, the probability of a share price decline will become quite substantial, placing shareholders at risk.

Having said that, be aware USPACE Technology Group is showing 4 warning signs in our investment analysis, and 1 of those is a bit unpleasant.

Of course, profitable companies with a history of great earnings growth are generally safer bets. So you may wish to see this free collection of other companies that have reasonable P/E ratios and have grown earnings strongly.

Find out whether USPACE Technology Group is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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USPACE Technology Group Limited (HKG:1725) May Have Run Too Fast Too Soon With Recent 28% Price Plummet - Simply Wall St

Growth is a key theme of Huaweis recently released 2023 Annual Report, which shows that the Chinese technology giant generated revenue of US$99.5 billion, with a profit of US$12.3 billion.

Putting that into context, that positions Huaweis annual revenue above the likes of Tesla (US$96.8 billion), Bank of America (US$98.6 billion), Dell (US$91.1 billion), and NTT (US$93.8 billion).

The company said that 2023 performance was in line with expectations, and that its ICT infrastructure business remained solid, while the consumer business met expectations.

Cloud computing and digital power businesses grew steadily, and the intelligent automotive solution business began large-scale delivery.

Research and innovation are cornerstones of Huaweis long-term growth strategy and the company invested 23.4% (US$23.3 billion) of its annual revenue into R&D in 2023. In total, R&D investment in the past decade has reached US$157 billion.

The company's performance in 2023 was in line with forecast, said Ken Hu, Huawei's Rotating Chairman.

We've been through a lot over the past few years. But through one challenge after another, we've managed to grow. The trust and support of our customers, partners, and friends around the world is what helped us keep going, keep surviving, and keep growing.

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Huawei Revenue Rises as Technology Giant Commits to Growth - Technology Magazine

Key Financial Results

All figures shown in the chart above are for the trailing 12 month (TTM) period

Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are down 7.3% from a week ago.

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Shenzhen Fortune Trend technology's balance sheet.

Find out whether Shenzhen Fortune Trend technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Shenzhen Fortune Trend technology Full Year 2023 Earnings: Beats Expectations - Simply Wall St

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. Importantly, Contel Technology Company Limited (HKG:1912) does carry debt. But is this debt a concern to shareholders?

Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy. Part and parcel of capitalism is the process of 'creative destruction' where failed businesses are mercilessly liquidated by their bankers. However, a more usual (but still expensive) situation is where a company must dilute shareholders at a cheap share price simply to get debt under control. Having said that, the most common situation is where a company manages its debt reasonably well - and to its own advantage. The first thing to do when considering how much debt a business uses is to look at its cash and debt together.

View our latest analysis for Contel Technology

As you can see below, at the end of December 2023, Contel Technology had US$12.7m of debt, up from US$11.1m a year ago. Click the image for more detail. On the flip side, it has US$2.54m in cash leading to net debt of about US$10.2m.

According to the last reported balance sheet, Contel Technology had liabilities of US$31.2m due within 12 months, and liabilities of US$415.0k due beyond 12 months. On the other hand, it had cash of US$2.54m and US$19.1m worth of receivables due within a year. So it has liabilities totalling US$9.98m more than its cash and near-term receivables, combined.

This deficit casts a shadow over the US$6.31m company, like a colossus towering over mere mortals. So we'd watch its balance sheet closely, without a doubt. After all, Contel Technology would likely require a major re-capitalisation if it had to pay its creditors today. The balance sheet is clearly the area to focus on when you are analysing debt. But it is Contel Technology's earnings that will influence how the balance sheet holds up in the future. So if you're keen to discover more about its earnings, it might be worth checking out this graph of its long term earnings trend.

Over 12 months, Contel Technology made a loss at the EBIT level, and saw its revenue drop to US$66m, which is a fall of 46%. To be frank that doesn't bode well.

While Contel Technology's falling revenue is about as heartwarming as a wet blanket, arguably its earnings before interest and tax (EBIT) loss is even less appealing. Its EBIT loss was a whopping US$6.1m. When we look at that alongside the significant liabilities, we're not particularly confident about the company. We'd want to see some strong near-term improvements before getting too interested in the stock. For example, we would not want to see a repeat of last year's loss of US$9.7m. In the meantime, we consider the stock to be risky. There's no doubt that we learn most about debt from the balance sheet. However, not all investment risk resides within the balance sheet - far from it. For example, we've discovered 4 warning signs for Contel Technology that you should be aware of before investing here.

If, after all that, you're more interested in a fast growing company with a rock-solid balance sheet, then check out our list of net cash growth stocks without delay.

Find out whether Contel Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Does Contel Technology (HKG:1912) Have A Healthy Balance Sheet? - Simply Wall St

Cancer treatment has made significant strides in recent years, thanks to technology advancements. One such advancement is the use of 3D printing and scanning technology. These technologies are enhancing the accuracy and effectiveness of cancer treatments. This includes photodynamic therapy (PDT) for malignant pleural mesothelioma and other cancers.

Understanding Photodynamic Therapy (PDT)

PDT is a promising treatment for mesothelioma and other cancers. It involves the use of a photosensitizing agent that is activated by light to kill cancer cells. But, delivering the right dose of light to the tumor can be challenging, especially in cases where the anatomy has been altered by surgery.

The Role of 3D Printing

3D printing has emerged as a valuable tool in cancer treatment planning. We can now create precise, patient-specific 3D models of the affected area. Doctors can understand the anatomical changes and plan the optimal treatment strategy better. In the case of mesothelioma, 3D printing can help create models of the pleural cavity, allowing for more accurate PDT dosing.

The process starts with obtaining detailed imaging, such as CT scans, of the affected area. These images are then used to create a digital 3D model, which is then printed using specialized materials. These 3D models accurately replicate the patients anatomy. This includes any post-surgical changes. It provides doctors with a clear view of the affected area.

By using 3D models, doctors can better visualize the tumor and surrounding tissues. This helps them to plan the PDT delivery more accurately. This precision ensures that the right amount of light is delivered to the tumor. It also maximizes treatment effectiveness while minimizing damage to surrounding healthy tissue.

Validation studies have confirmed the potential of this technology in improving cancer treatment outcomes. The use of 3D printing and scanning can also be applied to surgery planning and radiation therapy.

3D printing and scanning technology are revolutionizing cancer treatment by providing doctors with a more accurate and personalized approach. For mesothelioma, this technology offers new hope for improved treatment outcomes. As technology continues to advance, we can expect further innovations that will continue to enhance cancer treatment and improve patient outcomes.

Source:

Sourvanos, Dennis, Hongjin Sun, Timothy C. Zhu, Andreea Dimofte, Weibing Yang, Theresa M. Busch, Keith A. Cengel, Brook Byrd, Rodrigo Neiva, and Joseph P. Fiorellini. Enhanced Photodynamic Therapy Delivery for Malignant Pleural Mesothelioma Using 3D-Printed Models and Optical Scanning Technology. In Optical Methods for Tumor Treatment and Detection: Mechanisms and Techniques in Photodynamic Therapy XXXII, 12823:4554. SPIE, 2024. https://doi.org/10.1117/12.3005184.

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Cancer Treatment: 3D Printing and Scanning Technology - Surviving Mesothelioma

Technology projects at Daviess County Public Schools are being enhanced thanks to nearly $20,000 in grants from the Kentucky Society for Technology in Education. One initiative is geared at providing students with hands-on IT experience, while another will establish a podcast studio.

One grant of $9,655 will be used to establish the Apollo High School and Daviess County High School Student IT Support Pathway. This program provides students with hands-on experience in technology repair and maintenance.

DCHS Assistant Principal Chad Alward said the program removes barriers to training the students and replaces them with real-world technology applications at the school.

AHS Assistant Principal Mason Head added, The grant will enable the enhancement of resources and tools necessary to expand the programs reach and effectiveness, expanding our students respective skill sets and better preparing them for their future.

The second grant of $10,000 will help DCHS establish a state-of-the-art podcast studio for students to develop and hone their communication skills, explore multimedia storytelling, and learn new creative outlets.

The studio will be equipped with high-level technology and professional-grade equipment. The students will have the option of producing audio or video content on a variety of subjects and topics.

These grants will play a significant role in enriching the learning experiences of our students and empowering them with valuable skills for their future career opportunities, said Superintendent Matt Robbins. The Student IT Repair Program and the podcast studio are exciting additions to our educational offerings, and we are eager to see the positive impact they will have on our students and the community.

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DCPS receives nearly $20k in grants for technology program advancements - The Owensboro Times

Key Financial Results

All figures shown in the chart above are for the trailing 12 month (TTM) period

Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 82%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Entertainment industry in China.

Performance of the Chinese Entertainment industry.

The company's shares are down 13% from a week ago.

You still need to take note of risks, for example - Hangzhou Electronic Soul Network Technology has 3 warning signs (and 1 which is a bit unpleasant) we think you should know about.

Find out whether Hangzhou Electronic Soul Network Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Hangzhou Electronic Soul Network Technology Full Year 2023 Earnings: Misses Expectations - Simply Wall St

Key Financial Results

All figures shown in the chart above are for the trailing 12 month (TTM) period

International Business Digital Technology shares are up 12% from a week ago.

We don't want to rain on the parade too much, but we did also find 1 warning sign for International Business Digital Technology that you need to be mindful of.

Find out whether International Business Digital Technology is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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International Business Digital Technology Full Year 2023 Earnings: CN0.07 loss per share (vs CN0.019 loss in FY ... - Simply Wall St