DB:X1T

Stock Analysis Report

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

Fundamentals

Excellent balance sheet and overvalued.

Risks

  • Xinjiang Tianye Water Saving Irrigation System is not covered by any analysts.

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


Market Performance


7 Day Return

0%

DB:X1T

-2.7%

DE Machinery

-1.5%

DE Market


1 Year Return

-5.5%

DB:X1T

-35.9%

DE Machinery

-10.4%

DE Market

X1T outperformed the Machinery industry which returned -35.9% over the past year.

X1T outperformed the Market in Germany which returned -10.5% over the past year.


Share holder returns

X1TIndustryMarket
7 Day0%-2.7%-1.5%
30 Day0%-7.5%-4.3%
90 Dayn/a-18.3%-5.9%
1 Year-5.5%-5.5%-33.8%-35.9%-7.6%-10.4%
3 Year-50.1%-50.1%-25.1%-30.4%9.4%0.03%
5 Year5.6%5.6%1.2%-10.2%25.6%8.1%

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 based on future cash flows and its price relative to the stock market?

0.34x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Xinjiang Tianye Water Saving Irrigation System to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Xinjiang Tianye Water Saving Irrigation System to establish if it is available at substantial discount.


Price Based on Earnings

Xinjiang Tianye Water Saving Irrigation System is loss making, we can't compare its value to the DE Machinery industry average.

Xinjiang Tianye Water Saving Irrigation System is loss making, we can't compare the value of its earnings to the Germany market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Xinjiang Tianye Water Saving Irrigation System, we can't assess if its growth is good value.


Price Based on Value of Assets

Xinjiang Tianye Water Saving Irrigation System is good value based on assets compared to the DE Machinery industry average.


Next Steps

Future Growth

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

11.4%

Forecasted Machinery 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

  • Examine Xinjiang Tianye Water Saving Irrigation System'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.
  • Xinjiang Tianye Water Saving Irrigation System competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the capital goods industry.

Past Performance

How has Xinjiang Tianye Water Saving Irrigation System performed over the past 5 years?

-39.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Xinjiang Tianye Water Saving Irrigation System does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Xinjiang Tianye Water Saving Irrigation System's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Xinjiang Tianye Water Saving Irrigation System's 1-year growth to the DE Machinery industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Xinjiang Tianye Water Saving Irrigation System has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Xinjiang Tianye Water Saving Irrigation System has efficiently used its assets last year compared to the DE Machinery industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Xinjiang Tianye Water Saving Irrigation System improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

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


Financial Position Analysis

Xinjiang Tianye Water Saving Irrigation System is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Xinjiang Tianye Water Saving Irrigation System's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Xinjiang Tianye Water Saving Irrigation System's level of debt (4.9%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Xinjiang Tianye Water Saving Irrigation System's debt level has increased without past 5-year debt data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 27.5x debt.


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.

Xinjiang Tianye Water Saving Irrigation System has sufficient cash runway for more than 3 years based on current free cash flow.

Xinjiang Tianye Water Saving Irrigation System has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 62.9% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Xinjiang Tianye Water Saving Irrigation System's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Xinjiang Tianye Water Saving Irrigation System's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Xinjiang Tianye Water Saving Irrigation System has not reported any payouts.

Unable to verify if Xinjiang Tianye Water Saving Irrigation System's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Xinjiang Tianye Water Saving Irrigation System has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Xinjiang Tianye Water Saving Irrigation System's salary, the management and board of directors tenure and is there insider trading?

3.2yrs

Average management tenure


CEO

Qiang Zhang (45yo)

6.8yrs

Tenure

Mr. Qiang Zhang has been Chief Executive Officer of Xinjiang Tianye Water Saving Irrigation System Company Limited since November 2012 and serves as its Compliance Officer. Mr. Zhang joined Tianye Holdings ...


CEO Compensation Analysis

Qiang's remuneration is lower than average for companies of similar size in Germany.

Qiang's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.2yrs

Average Tenure

45yo

Average Age

The tenure for the Xinjiang Tianye Water Saving Irrigation System management team is about average.


Board Age and Tenure

0.9yrs

Average Tenure

49.5yo

Average Age

The average tenure for the Xinjiang Tianye Water Saving Irrigation System board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Lin Chen (43yo)

    Executive Chairman

    • Compensation: CN¥183.78k
  • Qiang Zhang (45yo)

    CEO & Compliance Officer

    • Tenure: 6.8yrs
  • Bao Li (42yo)

    Chief Engineer

    • Tenure: 3.2yrs
  • Ching Chan (44yo)

    Company Secretary & Financial Controller

    • Tenure: 1.5yrs
  • Xinmin Tan (50yo)

    Executive Director

    • Tenure: 0.5yrs
  • Dong Huang (46yo)

    Executive Director

  • Jun Chen (53yo)

    Chairman of Supervisory Committee

    • Tenure: 3.2yrs

Board Members

  • Ming Qin (48yo)

    Independent Non-Executive Director

    • Tenure: 6.3yrs
    • Compensation: CN¥30.00k
  • Lin Chen (43yo)

    Executive Chairman

    • Tenure: 5.0yrs
    • Compensation: CN¥183.78k
  • Feihu Yin (65yo)

    Independent Non-Executive Director

    • Tenure: 6.3yrs
    • Compensation: CN¥30.00k
  • Li Gu (49yo)

    Independent Non-Executive Director

    • Tenure: 0.5yrs
  • Ted Hung (56yo)

    Independent Non-Executive Director

    • Tenure: 0.5yrs
  • Xinghui Xie (56yo)

    Supervisor

    • Tenure: 0.5yrs
  • Xinmin Tan (50yo)

    Executive Director

    • Tenure: 0.5yrs
  • Cailai Chen (35yo)

    Representative Supervisor

    • Tenure: 1.3yrs
  • Jun Chen (53yo)

    Chairman of Supervisory Committee

    • Tenure: 3.2yrs
  • Dong Huang (46yo)

    Executive Director

    • Tenure: 0.5yrs

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$163.649m
  • Listing Market Cap: HK$18.805m
  • Shares outstanding: 519.52m
  • Website: Click here

Number of Employees


Location

  • Xinjiang Tianye Water Saving Irrigation System Company Limited
  • No. 36, Bei San Dong Road
  • Shihezi Economic and Technological Development Zone
  • 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 Analysis2019/08/17 21:21
End of Day Share Price2019/06/12 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.