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TINC Comm. VA

ENXTBR:TINC
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TINC
ENXTBR
€348M
Market Cap
  1. Home
  2. BE
  3. Diversified Financials
Company description

TINC Comm. VA is an investment firm specializing in investments in public and private infrastructure, real assets, and energy sector. The last earnings update was 136 days ago. More info.


Add to Portfolio Compare Print
  • TINC Comm. VA is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
TINC Share Price and Events
7 Day Returns
0.4%
ENXTBR:TINC
0.3%
Europe Capital Markets
2.7%
BE Market
1 Year Returns
5.8%
ENXTBR:TINC
-11.5%
Europe Capital Markets
-5.8%
BE Market
TINC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TINC Comm. VA (TINC) 0.4% 0% 5.4% 5.8% 9% -
Europe Capital Markets 0.3% 2.7% -5% -11.5% 9.4% -18.9%
BE Market 2.7% 3.6% -0.9% -5.8% -10.7% 8.8%
1 Year Return vs Industry and Market
  • TINC outperformed the Capital Markets industry which returned -11.5% over the past year.
  • TINC outperformed the Market in Belgium which returned -5.8% over the past year.
Price Volatility
TINC
Industry
5yr Volatility vs Market

Value

 Is TINC Comm. VA undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TINC Comm. VA to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TINC Comm. VA.

ENXTBR:TINC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €11.73 * 5.8%
€0.68
Book Value of Equity per Share Median Book Value from the past 5 years. €11.73
Discount Rate (Cost of Equity) See below 6.2%
Perpetual Growth Rate 10-Year BE Government Bond Rate 0.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTBR:TINC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BE Govt Bond Rate 0.8%
Equity Risk Premium S&P Global 6.8%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.659 (1 + (1- 29%) (0%))
0.772
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.77% + (0.8 * 6.8%)
6.21%

Discounted Cash Flow Calculation for ENXTBR:TINC using Excess Returns Model Model

The calculations below outline how an intrinsic value for TINC Comm. VA is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ENXTBR:TINC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.8% – 6.21%) * €11.73)
€-0.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-0.05 / (6.21% - 0.77%)
€-0.92
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €11.73 + €-0.92
€10.81
ENXTBR:TINC Discount to Share Price
Calculation Result
Value per share (EUR) From above. €10.81
Current discount Discount to share price of €12.75
= -1 x (€12.75 - €10.81) / €10.81
-17.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of TINC Comm. VA is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TINC Comm. VA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TINC Comm. VA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTBR:TINC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.63
ENXTBR:TINC Share Price ** ENXTBR (2019-07-19) in EUR €12.75
Europe Capital Markets Industry PE Ratio Median Figure of 131 Publicly-Listed Capital Markets Companies 18.07x
Belgium Market PE Ratio Median Figure of 87 Publicly-Listed Companies 14.99x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TINC Comm. VA.

ENXTBR:TINC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:TINC Share Price ÷ EPS (both in EUR)

= 12.75 ÷ 0.63

20.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TINC Comm. VA is overvalued based on earnings compared to the Europe Capital Markets industry average.
  • TINC Comm. VA is overvalued based on earnings compared to the Belgium market.
Price based on expected Growth
Does TINC Comm. VA's expected growth come at a high price?
Raw Data
ENXTBR:TINC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Capital Markets Industry PEG Ratio Median Figure of 59 Publicly-Listed Capital Markets Companies 1.27x
Belgium Market PEG Ratio Median Figure of 40 Publicly-Listed Companies 1.83x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for TINC Comm. VA, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TINC Comm. VA's assets?
Raw Data
ENXTBR:TINC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €11.73
ENXTBR:TINC Share Price * ENXTBR (2019-07-19) in EUR €12.75
Europe Capital Markets Industry PB Ratio Median Figure of 218 Publicly-Listed Capital Markets Companies 1.34x
Belgium Market PB Ratio Median Figure of 119 Publicly-Listed Companies 1.55x
ENXTBR:TINC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:TINC Share Price ÷ Book Value per Share (both in EUR)

= 12.75 ÷ 11.73

1.09x

* Primary Listing of TINC Comm. VA.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TINC Comm. VA is good value based on assets compared to the Europe Capital Markets industry average.
X
Value checks
We assess TINC Comm. VA's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. TINC Comm. VA has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TINC Comm. VA expected to grow at an attractive rate?
  • Unable to compare TINC Comm. VA's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare TINC Comm. VA's earnings growth to the Belgium market average as no estimate data is available.
  • Unable to compare TINC Comm. VA's revenue growth to the Belgium market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTBR:TINC Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 14.4%
Europe Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
Belgium Market Earnings Growth Rate Market Cap Weighted Average 8%
Belgium Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTBR:TINC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTBR:TINC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ENXTBR:TINC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 20 -2 16
2018-09-30 21 -3 18
2018-06-30 23 -4 19
2018-03-31 22 -4 18
2017-12-31 21 -3 17
2017-09-30 17 -3 14
2017-06-30 14 -3 11
2016-12-31 14 -2 8
2016-09-30 14 -2 8
2016-06-30 13 -2 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if TINC Comm. VA is high growth as no earnings estimate data is available.
  • Unable to determine if TINC Comm. VA is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTBR:TINC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from TINC Comm. VA Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:TINC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ENXTBR:TINC Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.63
2018-09-30 0.74
2018-06-30 0.87
2018-03-31 0.86
2017-12-31 0.85
2017-09-30 0.74
2017-06-30 0.62
2016-12-31 0.69
2016-09-30 0.68
2016-06-30 0.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if TINC Comm. VA will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine TINC Comm. VA's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. TINC Comm. VA's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. TINC Comm. VA's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess TINC Comm. VA's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TINC Comm. VA has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TINC Comm. VA's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TINC Comm. VA has delivered over 20% year on year earnings growth in the past 5 years.
  • TINC Comm. VA's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • TINC Comm. VA's 1-year earnings growth is negative, it can't be compared to the Europe Capital Markets industry average.
Earnings and Revenue History
TINC Comm. VA's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TINC Comm. VA Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:TINC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 19.95 16.02 3.48
2018-09-30 21.28 17.67 3.36
2018-06-30 22.61 19.33 3.24
2018-03-31 21.59 18.32 2.69
2017-12-31 20.57 17.30 2.14
2017-09-30 17.19 13.99 1.90
2017-06-30 13.81 10.69 1.66
2016-12-31 14.43 8.38 2.82
2016-09-30 13.64 8.11 2.83
2016-06-30 12.85 7.85 2.83
2015-12-31 10.83 6.14 3.22
2015-06-30 14.03 7.93 3.32
2015-03-31 16.90 12.38 2.68
2014-12-31 19.78 16.83 2.04
2013-12-31 5.89 -10.09 1.85
2012-12-31 7.51 1.71 2.89

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TINC Comm. VA has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TINC Comm. VA used its assets more efficiently than the Europe Capital Markets industry average last year based on Return on Assets.
  • TINC Comm. VA has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TINC Comm. VA's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TINC Comm. VA has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TINC Comm. VA's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TINC Comm. VA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TINC Comm. VA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TINC Comm. VA has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TINC Comm. VA's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • TINC Comm. VA has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TINC Comm. VA Company Filings, last reported 6 months ago.

ENXTBR:TINC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 320.04 0.00 58.28
2018-09-30 320.04 0.00 58.28
2018-06-30 325.07 0.00 75.71
2018-03-31 325.07 0.00 75.71
2017-12-31 241.99 0.00 21.44
2017-09-30 241.99 0.00 21.44
2017-06-30 238.79 0.00 58.67
2016-12-31 233.33 0.00 88.69
2016-09-30 233.33 0.00 88.69
2016-06-30 157.72 0.00 28.33
2015-12-31 152.33 0.00 25.52
2015-06-30 149.42 0.00 28.46
2015-03-31 149.42 0.00 28.46
2014-12-31 72.21 33.11 1.44
2013-12-31 70.51 0.00 2.36
2012-12-31 48.69 19.37 0.87
  • TINC Comm. VA has no debt.
  • TINC Comm. VA has no debt compared to 5 years ago when it was 0.1%.
  • TINC Comm. VA has no debt, it does not need to be covered by operating cash flow.
  • TINC Comm. VA has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess TINC Comm. VA's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TINC Comm. VA has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.24%
Current annual income from TINC Comm. VA dividends.
If you bought €2,000 of TINC Comm. VA shares you are expected to receive €5 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • TINC Comm. VA's pays a lower dividend yield than the bottom 25% of dividend payers in Belgium (2.34%).
  • TINC Comm. VA's dividend is below the markets top 25% of dividend payers in Belgium (4.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTBR:TINC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 3.7%
Belgium Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 3.5%
Belgium Minimum Threshold Dividend Yield 10th Percentile 1.2%
Belgium Bottom 25% Dividend Yield 25th Percentile 2.3%
Belgium Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTBR:TINC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
ENXTBR:TINC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-09-12 0.030 0.247
2018-09-10 0.030 0.248
2017-10-19 0.480 3.916
2016-09-19 0.695 5.577

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TINC Comm. VA is not paying a notable dividend for Belgium, therefore no need to check if the payments are stable.
  • TINC Comm. VA is not paying a notable dividend for Belgium, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of TINC Comm. VA's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of TINC Comm. VA's dividends as it is not paying a notable one for Belgium.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess TINC Comm. VA's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TINC Comm. VA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TINC Comm. VA has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Manu Vandenbulcke
AGE 47
TENURE AS CEO 4.5 years
CEO Bio

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 Director of DG Infra at DG Infra Yield. Mr. Vandenbulcke joined Inframan NV/SA in August 2007. He served as Managing Director of DG Infra+ at GIMV NV. Previously, he served as an Executive Officer of Macquarie Bank Limited. He started his career at Petercam Securities in Brussels. In 2000, he moved to London to join Macquarie Bank Ltd. where he successively worked in the structured finance and corporate finance teams. In 2007, Mr. Vandenbulcke joined TDP as Chief Executive Officer. He serves as a Director of Shipit NV, Bioversneller NV, Project Brabo 1 NV, L'Hourgnette SA and Inframan NV. Mr. Vandenbulcke serves as a Director of Inframan NV/SA. He served as a Director of Electrawinds NV/SA (Electrawinds SE) and Energie Fleuves. He joined Inframan in 2007. He holds a Masters’ degree in Law at the KU Leuven, a LLM degree at the University of Stellenbosch (South-Africa) and a post graduate degree in real estate and economics at the Katholieke Universiteit Leuven.

CEO Compensation
  • Insufficient data for Manu to compare compensation growth.
  • Insufficient data for Manu to establish whether their remuneration is reasonable compared to companies of similar size in Belgium.
Management Team Tenure

Average tenure and age of the TINC Comm. VA management team in years:

4.5
Average Tenure
50
Average Age
  • The tenure for the TINC Comm. VA management team is about average.
Management Team

Manu Vandenbulcke

TITLE
Chief Executive Officer
AGE
47
TENURE
4.5 yrs

Filip Audenaert

TITLE
Chief Financial Officer
AGE
51
TENURE
4.5 yrs

Chrisbert van Kooten

TITLE
Chief Investment Officer
AGE
50
TENURE
4.2 yrs

Bruno Laforce

TITLE
General Counsel & Company Secretary
AGE
50
Board of Directors Tenure

Average tenure and age of the TINC Comm. VA board of directors in years:

1.3
Average Tenure
57
Average Age
  • The average tenure for the TINC Comm. VA board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jean-Pierre Blumberg

TITLE
Chairman
COMPENSATION
€22K
AGE
62

Jean Dejaeghere

TITLE
Independent Director
COMPENSATION
€16K
AGE
69

Marc Vercruysse

TITLE
Non-Executive Director
AGE
60

Peter Vermeiren

TITLE
Non-Executive Director
AGE
54
TENURE
4.2 yrs

Bart Fransis

TITLE
Director
AGE
48

Kristof Capelle

TITLE
Non-Executive Director
AGE
50
TENURE
1.3 yrs

Elvira Haezendonck

TITLE
Independent Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess TINC Comm. VA's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TINC Comm. VA has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is TINC Comm VA (EBR:TINC) An Attractive Dividend Stock?

TINC Comm VA (EBR:TINC) has returned to shareholders over the past 2 years, an average dividend yield of 4.00% annually. … Does TINC Comm. … VA tick all the boxes of a great dividend stock?

Simply Wall St -

Why TINC Comm VA (ENXTBR:TINC) Is An Attractive Investment

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on TINC Comm VA (ENXTBR:TINC) due to its excellent fundamentals in more than one area. … If you're interested in understanding beyond my high-level commentary,

Simply Wall St -

Breaking Down TINC Comm VA's (EBR:TINC) Ownership Structure

In this analysis, my focus will be on developing a perspective on TINC Comm VA’s (ENXTBR:TINC) latest ownership structure, a less discussed, but important factor. … General Public Ownership A substantial ownership of 92.01% in TINC is held by the general public. … Next Steps: With a low level of institutional ownership, investors in TINC need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

How Does Investing In TINC Comm VA (EBR:TINC) Impact Your Portfolio?

If you are looking to invest in TINC Comm VA’s (ENXTBR:TINC), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … Based on this beta value, TINC appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … Depending on the composition of your portfolio, low-beta stocks such as TINC is valuable to lower your risk of market exposure, in particular, during times of economic decline.

Simply Wall St -

Did TINC Comm VA's (EBR:TINC) Recent Earnings Growth Beat The Trend?

Examining TINC Comm VA's (ENXTBR:TINC) past track record of performance is a useful exercise for investors. … VA's net income, which stands at €8.44M This means that, on average, TINC Comm. … Well, let’s take a look at if it is only a result of industry tailwinds, or if TINC Comm.

Simply Wall St -

Should You Sell TINC Comm VA (EBR:TINC) At This PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for TINC Price per share = €11.8 Earnings per share = €0.848 ∴ Price-Earnings Ratio = €11.8 ÷ €0.848 = 13.9x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with TINC, then TINC’s P/E would naturally be higher since investors would reward TINC’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with TINC, TINC’s P/E would again be higher since investors would reward TINC’s lower risk with a higher price as well.

Simply Wall St -

At €12.65, Is TINC Comm VA (EBR:TINC) A Buy?

TINC Comm VA (ENXTBR:TINC), a capital markets company based in Belgium, saw its share price hover around a small range of €12.12 to €12.8 over the last few weeks. … This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

Simply Wall St -

Company Info

Description

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.

Details
Name: TINC Comm. VA
TINC
Exchange: ENXTBR
Founded:
€347,727,282
27,272,728
Website: http://www.tincinvest.com
Address: TINC Comm. VA
Karel Oomsstraat 37,
Antwerpen,
Antwerp, 2018,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR TINC Ordinary Shares Euronext Brussels BE EUR 12. May 2015
DB 5TI Ordinary Shares Deutsche Boerse AG DE EUR 12. May 2015
LSE 0R7T Ordinary Shares London Stock Exchange GB EUR 12. May 2015
Number of employees
Current staff
Staff numbers
0
TINC Comm. VA employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 22:31
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2018/09/12
Last earnings filing: 2019/03/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.