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BOE Varitronix
(0710)
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Rating:64Neutral
Price Target:
HK$3.50
â–¼(-20.09% Downside)
Action:Reiterated
Date:08/28/26
The score is primarily held back by the latest-year profitability deterioration and weaker cash conversion, despite a notably low-leverage balance sheet that supports financial stability. Technicals are mixed (improving vs short/mid-term averages but still below the 200-day with slightly negative MACD). Valuation helps offset risks with a moderate P/E and solid dividend yield.
Positive Factors
Low Leverage
The very low debt-to-equity ratio provides financial resilience and reduces the burden of interest and refinancing obligations. Growing equity further supports balance-sheet capacity, allowing the company to withstand operating volatility and retain flexibility to fund its business over the next several quarters.
Negative Factors
Severe Margin Compression
The sharp reduction in gross margin suggests materially weaker profitability from the company’s products and operations. If margins remain depressed, positive revenue growth would translate less effectively into earnings and cash, potentially limiting reinvestment capacity and weakening returns over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
The very low debt-to-equity ratio provides financial resilience and reduces the burden of interest and refinancing obligations. Growing equity further supports balance-sheet capacity, allowing the company to withstand operating volatility and retain flexibility to fund its business over the next several quarters.
Read all positive factors
BOE Varitronix (0710) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.60B
Dividend Yield4.66%
Average Volume (3M)1.23M
Price to Earnings (P/E)8.6
Beta (1Y)1.02
Revenue Growth2.78%
EPS Growth-25.10%
CountryHK
Employees7,871
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.38
Shares Outstanding791,575,200
10 Day Avg. Volume969,000
30 Day Avg. Volume1,225,922
Financial Highlights & Ratios
PEG Ratio-0.97
Price to Book (P/B)0.84
Price to Sales (P/S)0.29
P/FCF Ratio7.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.43
Revenue Forecast (FY)HK$15.48B
BOE Varitronix Business Overview & Revenue Model
Company Description
BOE Varitronix Limited functions as an investment holding company primarily engaged in the design, manufacturing, and global sales of liquid crystal display (LCD) and associated products. Its operational reach extends across the People's Republic ...
BOE Varitronix Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.35B | 13.96B | 13.45B | 10.76B | 10.72B | 7.74B |
| Gross Profit | 850.68M | 760.60M | 2.23B | 1.97B | 881.45M | 574.52M |
| EBITDA | 361.50M | 414.47M | 691.12M | 685.23M | 843.21M | 477.61M |
| Net Income | 297.63M | 345.37M | 391.28M | 475.26M | 582.45M | 327.80M |
Balance Sheet | ||||||
| Total Assets | 13.49B | 12.37B | 11.46B | 10.03B | 8.28B | 5.54B |
| Cash, Cash Equivalents and Short-Term Investments | 5.13B | 4.54B | 3.93B | 3.57B | 2.88B | 2.27B |
| Total Debt | 348.51M | 337.11M | 410.69M | 642.00M | 678.99M | 22.55M |
| Total Liabilities | 8.47B | 7.50B | 6.86B | 5.62B | 4.15B | 2.20B |
| Stockholders Equity | 4.93B | 4.81B | 4.54B | 4.35B | 4.06B | 3.03B |
Cash Flow | ||||||
| Free Cash Flow | 614.80M | 524.63M | 888.97M | 677.89M | -368.82M | 439.13M |
| Operating Cash Flow | 991.62M | 888.47M | 1.46B | 1.19B | 811.83M | 690.43M |
| Investing Cash Flow | 407.92M | -269.93M | -1.78B | -224.10M | -1.49B | -140.00K |
| Financing Cash Flow | -311.37M | -257.80M | -430.15M | -263.47M | 1.38B | -69.86M |
BOE Varitronix Technical Analysis
Negative
4.38
Price Trends
3.90
Negative
3.96
Negative
4.18
Negative
Market Momentum
-0.13
Positive
28.38
Positive
21.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0710, the sentiment is Negative. The current price of 4.38 is above the 20-day moving average (MA) of 3.67, above the 50-day MA of 3.90, and above the 200-day MA of 4.18, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 28.38 is Positive, neither overbought nor oversold. The STOCH value of 21.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0710.
BOE Varitronix Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$49.12B | 18.88 | 6.40% | 0.82% | 4.29% | -49.39% | |
64 Neutral | HK$2.60B | 8.64 | 6.11% | 4.66% | 2.78% | -25.10% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$587.13M | 3.80 | 10.46% | 2.47% | 42.66% | 22.75% | |
58 Neutral | HK$2.35B | 10.23 | 2.40% | 9.88% | -11.48% | -7.38% | |
50 Neutral | HK$23.77B | 18.73 | 6.00% | 2.29% | 11.05% | 6.56% |
* Technology Sector Average
HK:0710
BOE Varitronix
3.29
-1.52
-31.69%
HK:0285
BYD Electronic (International) Co
21.80
-14.48
-39.92%
HK:0732
Truly International Holdings
0.81
-0.24
-22.78%
HK:0334
China Display Optoelectronics Technology Holdings Ltd
0.28
-0.06
-17.65%
HK:6088
FIT Hon Teng Limited
3.35
-2.48
-42.54%
HK:6613
Lens Technology Co. Ltd. Class H
13.07
-12.76
-49.40%
BOE Varitronix Corporate Events
BOE Varitronix boosts revenue and cash amid EV market headwinds
Aug 25, 2026
BOE Varitronix Limited, a Bermuda-based maker of automotive and advanced display solutions, operates major plants in the PRC and is adding new capacity in Vietnam to serve both domestic and overseas customers. Its technologies target mainstream au...
BOE Varitronix Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 13, 2026
BOE Varitronix Limited has scheduled a board meeting for 25 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the payment of an interim dividend and address other corporate ma...
BOE Varitronix Updates Registered Office Address in Bermuda
Jul 31, 2026
BOE Varitronix Limited has announced a change to the address of its registered office in Bermuda, effective 3 August 2026, moving to Richmond House, 12 Par-la-Ville Road, Hamilton HM 08, Bermuda. The company emphasized that the address of its prin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.