ASX:TTA

Stock Analysis Report

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Executive Summary

TTA Holdings Limited, through its subsidiary, TEAC Australia Pty Limited, distributes TEAC branded audio and visual consumer electronic products to retailers in Australia.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has TTA Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TTA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

TTA

4.1%

AU Retail Distributors

2.7%

AU Market


1 Year Return

n/a

TTA

4.8%

AU Retail Distributors

-6.6%

AU Market

Return vs Industry: Insufficient data to determine how TTA performed against the Australian Retail Distributors industry.

Return vs Market: Insufficient data to determine how TTA performed against the Australian Market.


Shareholder returns

TTAIndustryMarket
7 Day0%4.1%2.7%
30 Day0%25.8%12.2%
90 Day0%13.8%-2.8%
1 Yearn/a7.8%4.8%-2.7%-6.6%
3 Yearn/a35.3%25.4%18.2%2.6%
5 Year-52.2%-52.2%118.4%79.1%33.2%4.4%

Price Volatility Vs. Market

How volatile is TTA Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TTA Holdings undervalued compared to its fair value and its price relative to the market?

0.46x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TTA (A$0.01) is trading above our estimate of fair value (A$0.01)

Significantly Below Fair Value: TTA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TTA is unprofitable, so we can't compare its PE Ratio to the Retail Distributors industry average.

PE vs Market: TTA is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TTA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TTA is good value based on its PB Ratio (0.5x) compared to the AU Retail Distributors industry average (1.8x).


Next Steps

Future Growth

How is TTA Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.4%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as TTA Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has TTA Holdings performed over the past 5 years?

-6.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TTA is currently unprofitable.

Growing Profit Margin: TTA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TTA is unprofitable, and losses have increased over the past 5 years at a rate of -6% per year.

Accelerating Growth: Unable to compare TTA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TTA is unprofitable, making it difficult to compare its past year earnings growth to the Retail Distributors industry (-1.4%).


Return on Equity

High ROE: TTA has a negative Return on Equity (-81.77%), as it is currently unprofitable.


Next Steps

Financial Health

How is TTA Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: TTA's short term assets (A$2.3M) exceed its short term liabilities (A$1.9M).

Long Term Liabilities: TTA's short term assets (A$2.3M) exceed its long term liabilities (A$4.3K).


Debt to Equity History and Analysis

Debt Level: TTA's debt to equity ratio (47.6%) is considered high.

Reducing Debt: TTA's debt to equity ratio has increased from 12.1% to 47.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable TTA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TTA is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 42.5% per year.


Next Steps

Dividend

What is TTA Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TTA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TTA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TTA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TTA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TTA is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TTA's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.1yrs

Average board tenure


CEO

Clive Chia

0.83

Tenure

Mr. Clive Yang Chia has been the Chief Executive Officer, Managing Director and Executive Director at TTA Holdings Limited since August 30, 2019. Mr. Chia joined TTA Holdings Limited as an Executive on Jul ...


Board Members

NamePositionTenureCompensationOwnership
Clive Chia
CEO, MD & Executive Director0.83yrno datano data
Mark Ewing
Non Executive Independent Deputy Chairman12.08yrsAU$38.33k0.015% A$219.9
Sze Sng
Non-Executive Chairman12.08yrsAU$45.00kno data
Jia Tong
Non-Executive Director12.08yrsAU$30.00kno data

12.1yrs

Average Tenure

Experienced Board: TTA's board of directors are seasoned and experienced ( 12.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TTA Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TTA Holdings Limited
  • Ticker: TTA
  • Exchange: ASX
  • Founded:
  • Industry: Distributors
  • Sector: Retail
  • Market Cap: AU$1.512m
  • Shares outstanding: 137.42m
  • Website: https://www.teac.com.au

Number of Employees


Location

  • TTA Holdings Limited
  • 75 Northgate Drive
  • Thomastown
  • Victoria
  • 3074
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TTAASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMay 2008

Biography

TTA Holdings Limited, through its subsidiary, TEAC Australia Pty Limited, distributes TEAC branded audio and visual consumer electronic products to retailers in Australia. Its audio products include sound systems, portable audios, Bluetooth speakers, sound bars, digital radios, and clock radios; and visual products comprise LED flat panel televisions, televisions with built in DVD players, UHD smart and non-smart televisions, set top boxes, and DVD players. The company is based in Thomastown, Australia. TTA Holdings Limited is a subsidiary of TT International Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 10:38
End of Day Share Price2020/05/28 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.