DB:X1T

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Xinjiang Tianye Water Saving Irrigation System

Executive Summary

Xinjiang Tianye Water Saving Irrigation System Company Limited designs, manufactures, and sells drip tapes, PVC/PE pipelines, and drip assemblies for use in water saving irrigation systems in the People's Republic of China.


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Xinjiang Tianye Water Saving Irrigation System's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: X1T has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.8%

X1T

-5.5%

DE Machinery

-3.6%

DE Market


1 Year Return

n/a

X1T

-1.8%

DE Machinery

3.7%

DE Market

Return vs Industry: Insufficient data to determine how X1T performed against the German Machinery industry.

Return vs Market: Insufficient data to determine how X1T performed against the German Market.


Shareholder returns

X1TIndustryMarket
7 Day3.8%-5.5%-3.6%
30 Day3.8%4.1%-2.0%
90 Day-6.8%22.3%13.3%
1 Yearn/a-0.8%-1.8%6.0%3.7%
3 Year-63.8%-63.8%-31.5%-35.5%1.1%-6.9%
5 Year-45.0%-45.0%-7.6%-16.9%7.8%-6.8%

Price Volatility Vs. Market

How volatile is Xinjiang Tianye Water Saving Irrigation System's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Xinjiang Tianye Water Saving Irrigation System undervalued compared to its fair value and its price relative to the market?

0.27x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate X1T's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate X1T's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: X1T is unprofitable, so we can't compare its PE Ratio to the DE Machinery industry average.

PE vs Market: X1T is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate X1T's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: X1T is good value based on its PB Ratio (0.3x) compared to the DE Machinery industry average (1.3x).


Next Steps

Future Growth

How is Xinjiang Tianye Water Saving Irrigation System forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

38.1%

Forecasted Capital Goods 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 Xinjiang Tianye Water Saving Irrigation System 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 Xinjiang Tianye Water Saving Irrigation System performed over the past 5 years?

-30.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: X1T is currently unprofitable.

Growing Profit Margin: X1T is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: X1T is unprofitable, and losses have increased over the past 5 years at a rate of 30.9% per year.

Accelerating Growth: Unable to compare X1T's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: X1T is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-30%).


Return on Equity

High ROE: X1T has a negative Return on Equity (-8.48%), as it is currently unprofitable.


Next Steps

Financial Health

How is Xinjiang Tianye Water Saving Irrigation System's financial position?


Financial Position Analysis

Short Term Liabilities: X1T's short term assets (CN¥670.5M) exceed its short term liabilities (CN¥293.3M).

Long Term Liabilities: X1T's short term assets (CN¥670.5M) exceed its long term liabilities (CN¥7.6M).


Debt to Equity History and Analysis

Debt Level: X1T's debt to equity ratio (5.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if X1T's debt to equity ratio has reduced 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: X1T has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: X1T has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 57.5% each year.


Next Steps

Dividend

What is Xinjiang Tianye Water Saving Irrigation System current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate X1T's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate X1T'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 X1T's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if X1T's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: X1T is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of X1T's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

8.3yrs

Average management tenure


CEO

Qiang Zhang (46 yo)

7.75yrs

Tenure

Mr. Qiang Zhang has been Deputy General Manager of Xinjiang Tianye Co.,Ltd. since March 28, 2018. Mr. Zhang has been Chief Executive Officer of Xinjiang Tianye Water Saving Irrigation System Company Limite ...


CEO Compensation Analysis

Compensation vs Market: Qiang's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD469.66K).

Compensation vs Earnings: Qiang's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Lin Chen
Executive Chairman6yrsCN¥213.75k0.11%
CN¥ 19.7k
Xinmin Tan
Executive Director1.5yrsCN¥333.19kno data
Qiang Zhang
GM & Compliance Officer7.75yrsno datano data
Ching Chan
Company Secretary & Financial Controller2.5yrsno datano data
Jia Zhu
Deputy General Manager20.67yrsCN¥141.25kno data
He Li
Deputy General Manager10.83yrsCN¥351.67kno data
Wan Yang
Deputy General Manager8.83yrsCN¥245.02kno data
Bao Li
Chief Engineer4.17yrsno datano data
Jun Chen
Deputy General Manager11.83yrsno datano data
Dong Huang
Executive Director1.5yrsno datano data
Qiang Yang
Deputy General Managerno datano datano data

8.3yrs

Average Tenure

46yo

Average Age

Experienced Management: X1T's management team is seasoned and experienced (8.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lin Chen
Executive Chairman6yrsCN¥213.75k0.11%
CN¥ 19.7k
Xinmin Tan
Executive Director1.5yrsCN¥333.19kno data
Dong Huang
Executive Director1.5yrsno datano data
Ee Tek Hung
Independent Non-Executive Director1.5yrsCN¥45.00kno data
Feihu Yin
Independent Non-Executive Director7.25yrsCN¥30.00kno data
Ming Qin
Independent Non-Executive Director7.25yrsCN¥30.00kno data
Cailai Chen
Representative Supervisor2.25yrsno datano data
Li Gu
Independent Non-Executive Director1.5yrsCN¥25.00kno data
Xinghui Xie
Supervisor1.5yrsno datano data
Jun Chen
Chairman of Supervisory Committee4.17yrsno datano data

1.9yrs

Average Tenure

50.5yo

Average Age

Experienced Board: X1T's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: X1T insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Xinjiang Tianye Water Saving Irrigation System Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Xinjiang Tianye Water Saving Irrigation System Company Limited
  • Ticker: X1T
  • Exchange: DB
  • Founded: 1999
  • Industry: Agricultural and Farm Machinery
  • Sector: Capital Goods
  • Market Cap: HK$166.247m
  • Listing Market Cap: HK$18.132m
  • Shares outstanding: 519.52m
  • Website: https://www.tianyejieshui.com.cn

Number of Employees


Location

  • Xinjiang Tianye Water Saving Irrigation System Company Limited
  • No. 36, Bei San Dong Road
  • Shihezi Eco & Tech Dev Zn
  • Shihezi
  • Xinjiang Uygur Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
840SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDFeb 2006
X1TDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURFeb 2006

Biography

Xinjiang Tianye Water Saving Irrigation System Company Limited designs, manufactures, and sells drip tapes, PVC/PE pipelines, and drip assemblies for use in water saving irrigation systems in the People's ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/02 21:52
End of Day Share Price2020/07/31 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.