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BOE Varitronix Limited (0710.HK)

HKD4.07 -0.03 (-0.73%)
HK HKSE Technology Hardware, Equipment & Parts
Address Legend Tower
Kwun Tong, HK
CEO Ning Su
Website boevx.com
IPO 1991-07-01
ISIN BMG1223L1054

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 0710.HK (HKD) Other OTC · VARXF (USD)
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 of China, Europe, the United States, South Korea, and other international territories. The company's main offering includes thin film transistor (TFT) modules. These display technologies are integrated into various automotive applications, such as digital instrument clusters, central information displays, head-up displays (HUDs), and E-mirror products. They also serve diverse industrial sectors, including white goods, home automation, and other specialized products. Furthermore, BOE Varitronix Limited is involved in property management and provides marketing and sales consulting services. The firm, established in 1978 and headquartered in Kwun Tong, Hong Kong, adopted its current name in July 2017, having previously been known as Varitronix International Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD4.07 -0.03 (-0.73%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.50
Float Shares
367.76M
Free Float %
47.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-6.73% -8.42% +7.53% -0.65% -5.77% -10.92% -20.24% -57.61% +11.46% -28.03% -77.15%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
4.07
DCF (Unlevered) 1.01 -75.1%
DCF (Levered) 33.29 +718.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 1 -1
Buy 1 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.22
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Hardware, Equipment & Parts: +10.0%
    +3.8% Q4'25: +31.3% (vs Q4'23)
  • EPS growth Hardware, Equipment & Parts: +20.2%
    -12.0% Q4'25: -38.2% (vs Q4'23)
  • FCF margin FCF growth · Hardware, Equipment & Parts: +27.1%
    +3.1% Q4'25: +0.5% (vs Q4'23)
  • EBIT margin Hardware, Equipment & Parts: +8.7%
    +1.0% Q4'25: +1.4% (vs Q4'23)
  • ROIC Hardware, Equipment & Parts: +5.7%
    +18.1% Q4'25: +52.8% (vs Q4'23)
  • Share dilution Hardware, Equipment & Parts: +0.0%
    -0.1% Q4'25: -0.2% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Hardware, Equipment & Parts: -0.70×
    0.81× Q4'25: 0.35× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.49) × ERP
WACC = 91% × Ke + 9% × Kd (5.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1.01 Current price: 4.07
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2019
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
3 Rev. Ana.
3 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
2.49B
est: 3.21B (-22.4%)
3.57B
est: 3.21B (+11.4%)
7.74B
est: 7.13B (+8.6%)
10.72B
est: 10.46B (+2.5%)
10.76B
est: 11.26B (-4.4%)
13.45B
est: 13.10B (+2.7%)
13.96B
est: 14.33B (-2.6%)
15.37B
14.60B – 15.85B
+7.2% YoY
16.94B
15.39B – 17.93B
+10.2% YoY
17.33B
16.47B – 17.88B
+2.3% YoY
EBITDA
340.53M
est: 194.88M (+74.7%)
112.93M
est: 194.88M (-42.1%)
477.61M
est: 433.01M (+10.3%)
843.21M
est: 635.51M (+32.7%)
685.23M
est: 684.11M (+0.2%)
691.12M
est: 746.86M (-7.5%)
414.47M
est: 817.07M (-49.3%)
876.26M
832.77M – 903.98M
+7.2% YoY
966.02M
877.53M – 1.02B
+10.2% YoY
988.15M
939.10M – 1.02B
+2.3% YoY
EBIT
328.83M
est: 126.14M (+160.7%)
28.89M
est: 126.14M (-77.1%)
314.12M
est: 280.27M (+12.1%)
670.01M
est: 411.35M (+62.9%)
479.97M
est: 442.80M (+8.4%)
442.75M
est: 500.11M (-11.5%)
141.28M
est: 547.13M (-74.2%)
586.77M
557.64M – 605.33M
+7.2% YoY
646.87M
587.62M – 684.64M
+10.2% YoY
661.69M
628.85M – 682.62M
+2.3% YoY
Net Income
300.61M
est: 680.66M (-55.8%)
25.02M
est: 680.66M (-96.3%)
327.80M
est: 332.03M (-1.3%)
582.45M
est: 592.17M (-1.6%)
475.26M
est: 465.51M (+2.1%)
391.28M
est: 478.60M (-18.2%)
345.37M
est: 389.66M (-11.4%)
414.68M
387.92M – 431.73M
+6.4% YoY
501.56M
383.64M – 587.78M
+21.0% YoY
521.31M
487.67M – 542.75M
+3.9% YoY
SGA
462.95M
est: 45.13M (+925.8%)
57.67M
est: 45.13M (+27.8%)
58.33M
est: 100.27M (-41.8%)
133.97M
est: 147.17M (-9.0%)
153.75M
est: 158.42M (-2.9%)
256.20M
est: 187.05M (+37.0%)
251.76M
est: 204.63M (+23.0%)
219.46M
208.57M – 226.40M
+7.2% YoY
241.94M
219.78M – 256.06M
+10.2% YoY
247.48M
235.20M – 255.31M
+2.3% YoY
EPS
0.91
est: 0.86 (+5.7%)
0.03
est: 0.86 (-96.1%)
0.45
est: 0.42 (+7.1%)
0.78
est: 0.75 (+4.1%)
0.60
est: 0.59 (+1.9%)
0.50
est: 0.61 (-17.5%)
0.44
est: 0.49 (-10.8%)
0.53
0.49 – 0.55
+6.4% YoY
0.64
0.49 – 0.74
+21.0% YoY
0.66
0.62 – 0.69
+3.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A 4/5 5/5 3/5 3/5 3/5 3/5 5/5
2026-05-28 A 4/5 5/5 3/5 3/5 3/5 3/5 5/5
2026-05-27 A 4/5 5/5 3/5 3/5 3/5 3/5 5/5
2026-05-26 A 4/5 5/5 3/5 3/5 3/5 3/5 5/5
2026-05-22 A 4/5 5/5 3/5 3/5 3/5 3/5 5/5
2026-05-21 A- 4/5 5/5 3/5 3/5 3/5 3/5 4/5
2026-05-20 A- 4/5 5/5 3/5 3/5 3/5 3/5 4/5
2026-05-19 A 4/5 5/5 3/5 4/5 3/5 3/5 4/5
2026-05-18 A 4/5 5/5 3/5 4/5 3/5 3/5 4/5
2026-05-15 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-14 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-13 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-12 A 4/5 5/5 3/5 4/5 3/5 4/5 4/5
2026-05-11 A 4/5 5/5 3/5 3/5 3/5 4/5 4/5
2026-05-08 A 4/5 5/5 3/5 3/5 3/5 4/5 5/5
2026-05-07 A 4/5 5/5 3/5 3/5 3/5 4/5 5/5
2026-05-06 A 4/5 5/5 3/5 3/5 3/5 4/5 5/5
2026-05-05 A 4/5 5/5 3/5 3/5 3/5 4/5 5/5
2026-05-04 A 4/5 5/5 3/5 3/5 3/5 4/5 5/5
2026-04-30 A 4/5 5/5 3/5 3/5 3/5 4/5 5/5
2026-04-29 A 4/5 5/5 3/5 3/5 3/5 4/5 5/5
2026-04-28 A 4/5 5/5 3/5 3/5 3/5 4/5 5/5
2026-04-27 A 4/5 5/5 3/5 3/5 3/5 4/5 5/5
2026-04-24 A 4/5 5/5 3/5 3/5 3/5 4/5 5/5
2026-04-23 A 4/5 5/5 3/5 3/5 3/5 4/5 5/5
2026-04-22 A 4/5 5/5 3/5 3/5 3/5 4/5 5/5
2026-04-21 A 4/5 5/5 3/5 3/5 3/5 4/5 5/5
2026-04-20 A 4/5 5/5 3/5 3/5 3/5 4/5 5/5
2026-04-17 A 4/5 5/5 3/5 3/5 3/5 4/5 4/5
2026-04-16 A 4/5 5/5 3/5 3/5 3/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.33B
OE per share TTM
2.95
Owner's Yield
64.89%
Maintenance CapEx ratio
20.31%
Maint CapEx / Avg PPE
14.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 27 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Avantis Emerging Markets Value ETF AVES 0.02% 274.1K 0.36%
2 State Street SPDR S&P International Small Cap ETF GWX 0.01% 96.6K 0.40%
3 Avantis Emerging Markets Equity UCITS ETF USD Acc AVEM.L 0.01% 21.6K 0.35%
4 Avantis Responsible Emerging Markets Equity ETF AVSE 0.01% 17.3K 0.33%
5 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.01% 7.6K 0.42%
6 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.00% 682.7K 0.06%
7 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 294.4K 0.39%
8 Dimensional - Emerging Markets Value ETF DFEV 0.00% 55.1K 0.46%
9 Avantis Emerging Markets Equity ETF AVEM 0.00% 571.4K 0.33%
10 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 58.4K 0.26%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
19.1K
Shares Outstanding
770.72M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Wing Yan Ko Executive Vice Chairlady 3M female
Ning Su Chairman of the Board & Chief Executive Officer 2M male
Pak Chi Lo GM of Operation of Chengdu plant & Executive Director 1M male
Huirong Qiu General Manager of Operation of Heyuan plant male
Ka Kit Chan Company Secretary male
Soo Bin Park Chief Strategy Officer male
Wei Cheng General Manager of Smart Vehicle Solutions (China region) male
Wing Choi Chief Marketing Officer female
Ah Loi Ng Assistant GM & Head of Quality male
Yui Sing Li Chief Financial Officer male
Chung Man Ma Assistant General Manager & Head of Purchasing of the Group male
Dae Keun Yoon Chief Technology Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits