ENXTBR:TINC

Stock Analysis Report

Executive Summary

TINC Comm. VA is an investment firm specializing in investments in public and private infrastructure, real assets, and energy sector.

Snowflake

Share Price & News

How has TINC Comm. VA's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0.7%

TINC

-0.7%

BE Capital Markets

0.8%

BE Market


1 Year Return

19.0%

TINC

3.9%

BE Capital Markets

7.8%

BE Market

Return vs Industry: TINC exceeded the Belgian Capital Markets industry which returned 3.9% over the past year.

Return vs Market: TINC exceeded the Belgian Market which returned 7.8% over the past year.


Shareholder returns

TINCIndustryMarket
7 Day0.7%-0.7%0.8%
30 Day2.2%2.2%-3.6%
90 Day11.0%8.7%-2.1%
1 Year22.1%19.0%8.3%3.9%10.2%7.8%
3 Year31.9%13.9%14.2%0.7%2.4%-3.9%
5 Yearn/a4.7%-14.9%16.0%2.9%

Price Volatility Vs. Market

How volatile is TINC Comm. VA's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TINC Comm. VA undervalued compared to its fair value and its price relative to the market?

18.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TINC (€14.1) is trading above our estimate of fair value (€8.19)

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


Price To Earnings Ratio

PE vs Industry: TINC is good value based on its PE Ratio (19x) compared to the Capital Markets industry average (21.1x).

PE vs Market: TINC is poor value based on its PE Ratio (19x) compared to the Belgian market (16.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TINC is good value based on its PB Ratio (1.2x) compared to the XE Capital Markets industry average (1.3x).

Future Growth

How is TINC Comm. VA forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.1%

Forecasted Diversified Financials 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 TINC Comm. VA 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.

Past Performance

How has TINC Comm. VA performed over the past 5 years?

16.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TINC has high quality earnings.

Growing Profit Margin: TINC's current net profit margins (69.7%) are lower than last year (85.5%).


Past Earnings Growth Analysis

Earnings Trend: TINC's earnings have grown by 16.2% per year over the past 5 years.

Accelerating Growth: TINC's earnings growth over the past year (4.8%) is below its 5-year average (16.2% per year).

Earnings vs Industry: TINC earnings growth over the past year (4.8%) exceeded the Capital Markets industry -1.4%.


Return on Equity

High ROE: TINC's Return on Equity (6.1%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is TINC Comm. VA's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: TINC has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TINC's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: TINC's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if TINC has a sufficient allowance for bad loans.

Low Risk Liabilities: TINC reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if TINC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: TINC has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if TINC has an appropriate level of bad loans.

Dividend

What is TINC Comm. VA's current dividend yield, its reliability and sustainability?

0.35%

Current Dividend Yield


Dividend Yield vs Market

company0.4%marketbottom25%2.1%markettop25%4.4%industryaverage3.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: TINC's dividend (0.35%) isn’t notable compared to the bottom 25% of dividend payers in the Belgian market (2.13%).

High Dividend: TINC's dividend (0.35%) is low compared to the top 25% of dividend payers in the Belgian market (4.39%).


Stability and Growth of Payments

Stable Dividend: TINC is not paying a notable dividend for the Belgian market, therefore no need to check if payments are stable.

Growing Dividend: TINC is not paying a notable dividend for the Belgian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: TINC is not paying a notable dividend for the Belgian market.


Future Payout to Shareholders

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

Management

What is the CEO of TINC Comm. VA's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Manu Vandenbulcke (47yo)

4.8yrs

Tenure

0

Mr. Manu Vandenbulcke has been the Chief Executive Officer at TINC Comm since 2015. VA. Mr. Vandenbulcke is responsible for the general management and operations. Mr. Vandenbulcke serves as Managing Direct ...


Management Age and Tenure

4.8yrs

Average Tenure

50yo

Average Age

Experienced Management: TINC's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

1.7yrs

Average Tenure

54yo

Average Age

Experienced Board: TINC's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Insider Trading

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 been diluted in the past year, with total shares outstanding growing by 22.8%.


Management Team

  • Manu Vandenbulcke (47yo)

    Chief Executive Officer

    • Tenure: 4.8yrs
  • Bruno Laforce (50yo)

    General Counsel & Company Secretary

    • Tenure: 0yrs
  • Chrisbert van Kooten (50yo)

    Chief Investment Officer

    • Tenure: 4.5yrs
  • Filip Audenaert (51yo)

    Chief Financial Officer

    • Tenure: 4.8yrs

Board Members

  • Marc Vercruysse (60yo)

    Non-Executive Director

    • Tenure: 0yrs
  • Jean Dejaeghere (69yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: €15.00k
  • Jean-Pierre Blumberg (62yo)

    Independent Chairman

    • Tenure: 0yrs
    • Compensation: €19.50k
  • Bart Fransis (48yo)

    Director

    • Tenure: 0yrs
  • Peter Vermeiren (54yo)

    Non-Executive Director

    • Tenure: 4.5yrs
  • Kristof Capelle (50yo)

    Non-Executive Director

    • Tenure: 1.7yrs
  • Elvira Haezendonck (46yo)

    Independent Director

    • Tenure: 1.1yrs
    • Compensation: €9.38k

Company Information

TINC Comm. VA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TINC Comm. VA
  • Ticker: TINC
  • Exchange: ENXTBR
  • Founded:
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: €384.545m
  • Shares outstanding: 27.27m
  • Website: https://www.tincinvest.com

Location

  • TINC Comm. VA
  • Karel Oomsstraat 37
  • Antwerpen
  • Antwerp
  • 2018
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TINCENXTBR (Euronext Brussels)YesOrdinary SharesBEEURMay 2015
5TIDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2015
0R7TLSE (London Stock Exchange)YesOrdinary SharesGBEURMay 2015
TINCBBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMay 2015

Biography

TINC Comm. VA is an investment firm specializing in investments in public and private infrastructure, real assets, and energy sector. TINC Comm. VA is based in Antwerpen, Belgium. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/17 21:58
End of Day Share Price2019/11/15 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.