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Tongda Group Holdings

BST:TJC
Snowflake Description

Very undervalued established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TJC
BST
HK$5B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Tongda Group Holdings Limited, an investment holding company, provides high-precision components used in consumer electronic products in Mainland China, Southeast Asia, the Middle East, and internationally. The last earnings update was 121 days ago. More info.


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TJC Share Price and Events
7 Day Returns
0%
BST:TJC
-2.3%
DE Electronic
-0.4%
DE Market
1 Year Returns
-40.9%
BST:TJC
-31%
DE Electronic
-19.4%
DE Market
TJC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tongda Group Holdings (TJC) 0% 0% 6% -40.9% -18.5% 101.6%
DE Electronic -2.3% -15.5% -31.1% -31% 48.7% 49.4%
DE Market -0.4% -6.1% -13.6% -19.4% -4.5% -0.2%
1 Year Return vs Industry and Market
  • TJC underperformed the Electronic industry which returned -31% over the past year.
  • TJC underperformed the Market in Germany which returned -19.4% over the past year.
Price Volatility
TJC
Industry
5yr Volatility vs Market

Value

 Is Tongda Group Holdings 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 Tongda Group Holdings 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 Tongda Group Holdings.

BST:TJC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

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 BST:TJC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Electronic Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.903 (1 + (1- 25%) (88.85%))
1.505
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.5
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.505 * 9.46%)
14.78%

Discounted Cash Flow Calculation for BST:TJC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tongda Group Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:TJC DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (HKD, Millions) 752.00 1,231.00 1,452.58 1,699.52 1,971.44
Source Analyst x6 Analyst x5 Est @ 18%, capped from 19.8% Est @ 17%, capped from 19.8% Est @ 16%, capped from 19.8%
Present Value
Discounted (@ 14.78%)
655.19 934.46 960.71 979.33 989.77
Present value of next 5 years cash flows HK$4,519.45
BST:TJC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= HK$1,971.44 × (1 + 0.54%) ÷ (14.78% – 0.54%)
HK$13,925.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= HK$13,925.65 ÷ (1 + 14.78%)5
HK$6,991.44
BST:TJC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= HK$4,519.45 + HK$6,991.44
HK$11,510.90
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$11,510.90 / 6,479.51
HK$0.28
BST:TJC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:TJC represents 0.15974x of SEHK:698
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.15974x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.78 x 0.15974
€0.28
Value per share (EUR) From above. €0.28
Current discount Discount to share price of €0.12
= -1 x (€0.12 - €0.28) / €0.28
56.7%

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

Current Discount
Amount off the current price Tongda Group Holdings is available for.
Intrinsic value
>50%
Share price is €0.123 vs Future cash flow value of €0.28378
Current Discount Checks
For Tongda Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tongda Group Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tongda Group Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Tongda Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tongda Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:TJC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in HKD HK$0.19
SEHK:698 Share Price ** SEHK (2018-10-05) in HKD HK$0.77
Germany Electronic Industry PE Ratio Median Figure of 12 Publicly-Listed Electronic Companies 16.11x
Germany Market PE Ratio Median Figure of 416 Publicly-Listed Companies 16.46x

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

** Primary Listing of Tongda Group Holdings.

BST:TJC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:698 Share Price ÷ EPS (both in HKD)

= 0.77 ÷ 0.19

4.11x

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

  • Tongda Group Holdings is good value based on earnings compared to the DE Electronic industry average.
  • Tongda Group Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Tongda Group Holdings's expected growth come at a high price?
Raw Data
BST:TJC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
17.1%per year
Germany Electronic Industry PEG Ratio Median Figure of 10 Publicly-Listed Electronic Companies 1.47x
Germany Market PEG Ratio Median Figure of 279 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

BST:TJC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.11x ÷ 17.1%

0.24x

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

  • Tongda Group Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Tongda Group Holdings's assets?
Raw Data
BST:TJC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in HKD HK$1.03
SEHK:698 Share Price * SEHK (2018-10-05) in HKD HK$0.77
Germany Electronic Industry PB Ratio Median Figure of 18 Publicly-Listed Electronic Companies 2.22x
Germany Market PB Ratio Median Figure of 563 Publicly-Listed Companies 1.69x
BST:TJC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:698 Share Price ÷ Book Value per Share (both in HKD)

= 0.77 ÷ 1.03

0.75x

* Primary Listing of Tongda Group Holdings.

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

  • Tongda Group Holdings is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Tongda Group Holdings'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Tongda Group Holdings has a total score of 6/6, 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 Tongda Group Holdings expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

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
17.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tongda Group Holdings expected to grow at an attractive rate?
  • Tongda Group Holdings's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Tongda Group Holdings's earnings growth is expected to exceed the Germany market average.
  • Tongda Group Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:TJC Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:TJC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 17.1%
BST:TJC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 14%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17.7%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 8.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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
BST:TJC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:TJC Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 12,699 1,637 1,534 13
2019-12-31 11,215 1,377 1,325 15
2018-12-31 9,690 1,298 1,082 13
BST:TJC Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-06-30 9,095 633 1,135
2018-03-31 8,829 643 1,070
2017-12-31 8,563 654 1,006
2017-09-30 8,384 928 960
2017-06-30 8,205 1,202 914
2017-03-31 8,015 1,155 959
2016-12-31 7,825 1,108 1,004
2016-09-30 7,128 803 896
2016-06-30 6,432 497 789
2016-03-31 6,253 515 746
2015-12-31 6,074 532 703
2015-09-30 5,823 478 666

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tongda Group Holdings's earnings are expected to grow by 17.1% yearly, however this is not considered high growth (20% yearly).
  • Tongda Group Holdings's revenue is expected to grow by 14% yearly, however this is not considered high growth (20% yearly).
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
BST:TJC 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 15 Analyst Estimates (S&P Global) See Below

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

BST:TJC Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.24 0.27 0.22 10.00
2019-12-31 0.21 0.27 0.15 13.00
2018-12-31 0.17 0.19 0.15 11.00
BST:TJC Past Financials Data
Date (Data in HKD Millions) EPS *
2018-06-30 0.19
2018-03-31 0.18
2017-12-31 0.17
2017-09-30 0.16
2017-06-30 0.16
2017-03-31 0.17
2016-12-31 0.18
2016-09-30 0.16
2016-06-30 0.14
2016-03-31 0.13
2015-12-31 0.13
2015-09-30 0.12

*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.
  • Tongda Group Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tongda Group Holdings'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Tongda Group Holdings has a total score of 3/6, 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 Tongda Group Holdings 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 Tongda Group Holdings's growth in the last year to its industry (Electronic).
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.
  • Tongda Group Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Tongda Group Holdings's 1-year earnings growth is less than its 5-year average (24.1% vs 24.4%)
  • Tongda Group Holdings's earnings growth has exceeded the DE Electronic industry average in the past year (24.1% vs 9.2%).
Earnings and Revenue History
Tongda Group Holdings'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 Tongda Group Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:TJC Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 9,094.89 1,134.57 1,013.82
2018-03-31 8,828.86 1,070.35 991.95
2017-12-31 8,562.83 1,006.13 970.09
2017-09-30 8,383.69 960.27 893.76
2017-06-30 8,204.55 914.41 817.42
2017-03-31 8,014.81 959.20 748.22
2016-12-31 7,825.08 1,004.00 679.03
2016-09-30 7,128.35 896.34 669.63
2016-06-30 6,431.63 788.69 660.22
2016-03-31 6,252.84 745.76 627.19
2015-12-31 6,074.06 702.84 594.15
2015-09-30 5,822.84 665.83 533.68
2015-06-30 5,571.62 628.82 473.22
2015-03-31 5,181.48 565.26 457.74
2014-12-31 4,791.35 501.70 442.25
2014-09-30 4,414.86 449.32 426.52
2014-06-30 4,038.37 396.93 410.79
2014-03-31 3,832.74 378.52 384.83
2013-12-31 3,627.10 360.10 358.87
2013-09-30 3,663.45 338.53 340.48
2013-06-30 3,699.80 316.96 322.08
2013-03-31 3,553.95 308.48 307.58
2012-12-31 3,408.09 300.01 293.08
2012-09-30 3,336.64 280.76 287.74
2012-06-30 3,265.18 261.52 282.39
2012-03-31 3,206.15 255.92 262.90

*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.
  • Tongda Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tongda Group Holdings used its assets more efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Tongda Group Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tongda Group Holdings'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 Electronic 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.
Tongda Group Holdings 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 Tongda Group Holdings'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 Tongda Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tongda Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tongda Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tongda Group Holdings'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x debt.
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 Tongda Group Holdings Company Filings, last reported 6 months ago.

BST:TJC Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 6,505.36 4,202.48 1,010.96
2018-03-31 6,505.36 4,202.48 1,010.96
2017-12-31 5,885.30 3,921.14 792.49
2017-09-30 5,885.30 3,921.14 792.49
2017-06-30 5,000.66 3,247.31 602.47
2017-03-31 5,000.66 3,247.31 602.47
2016-12-31 4,666.31 2,976.34 869.08
2016-09-30 4,666.31 2,976.34 869.08
2016-06-30 4,235.15 2,874.98 662.52
2016-03-31 4,235.15 2,874.98 662.52
2015-12-31 4,039.32 2,368.71 762.39
2015-09-30 4,039.32 2,368.71 762.39
2015-06-30 3,836.80 1,607.22 335.51
2015-03-31 3,836.80 1,607.22 335.51
2014-12-31 3,636.47 979.98 360.16
2014-09-30 3,636.47 979.98 360.16
2014-06-30 3,277.54 900.41 481.68
2014-03-31 3,277.54 900.41 481.68
2013-12-31 2,549.17 849.67 195.12
2013-09-30 2,549.17 849.67 195.12
2013-06-30 2,339.98 769.84 189.85
2013-03-31 2,339.98 769.84 189.85
2012-12-31 2,192.88 660.41 233.34
2012-09-30 2,192.88 660.41 233.34
2012-06-30 2,016.30 563.81 195.10
2012-03-31 2,016.30 563.81 195.10
  • Tongda Group Holdings's level of debt (64.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (32.9% vs 64.6% today).
  • Debt is not well covered by operating cash flow (15.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.2x coverage).
X
Financial health checks
We assess Tongda Group Holdings'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. Tongda Group Holdings has a total score of 3/6, 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 Tongda Group Holdings'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
7.01%
Current annual income from Tongda Group Holdings dividends. Estimated to be 9.02% next year.
If you bought €2,000 of Tongda Group Holdings shares you are expected to receive €140 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?
  • Tongda Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.74%).
  • Tongda Group Holdings's dividend is above the markets top 25% of dividend payers in Germany (4.14%).
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
BST:TJC 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 15 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 329 Stocks 3.3%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.1%

Industry and Market average data is calculated daily.

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

BST:TJC Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.07 12.00
2019-12-31 0.07 14.00
2018-12-31 0.06 14.00
BST:TJC Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-04-13 0.054 4.349
2017-08-24 0.048 2.438
2017-03-22 0.052 2.171
2016-04-19 0.037 2.008
2015-06-03 0.030 2.167
2014-04-10 0.025 2.345
2013-03-15 0.020 3.721
2013-03-14 0.020 3.573
2012-04-23 0.017 5.217
2011-08-22 0.017 7.037
2011-03-17 0.020 5.631
2010-08-23 0.012 3.179
2010-04-19 0.009 2.850
2009-09-23 0.006 2.003
2009-04-29 0.004 2.717
2009-01-05 0.008 12.121

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Tongda Group Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Tongda Group Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Tongda Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tongda Group Holdings has a total score of 5/6, 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 Tongda Group Holdings'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
Ya Wang
COMPENSATION HK$2,354,000
AGE 60
CEO Bio

Mr. Ya Nan Wang serves as the Executive Chairman and Chief Executive Officer of Tongda Group Holdings Limited. Mr. Wang is responsible for its overall strategic planning and business development of Tongda Group and also responsible for the development of its overseas markets. He joined Tongda Group in December 1988 and has over 37 years of experience in the electronics and electrical industry. He has been a Non-Executive Director of Tongda Hong Tai Holdings Ltd since April 19, 2016 and serves as its Chairman. He graduated with an Executive Master of Business Administration degree from Xiamen University in December 2012.

CEO Compensation
  • Ya's compensation has been consistent with company performance over the past year.
  • Ya's remuneration is lower than average for companies of similar size in Germany.
Management Team

Ya Wang

TITLE
Chairman and Chief Executive Officer
COMPENSATION
HK$2M
AGE
60

Ya Hua Wang

TITLE
Vice Chairman and General Manager
COMPENSATION
HK$2M
AGE
62

Ah Yeung Wong

TITLE
Deputy General Manager and Executive Director
COMPENSATION
HK$2M
AGE
68

Ming Che Wang

TITLE
Deputy General Manager of Tongda Ironware and Executive Director
COMPENSATION
HK$948K
AGE
42

Connie Siu

TITLE
Financial Controller
TENURE
0.3 yrs

Siu Wa Lam

TITLE
Company Secretary
AGE
44
TENURE
0.4 yrs

Anthony Hui

TITLE
Deputy GM of Tongda Optic Fibres
AGE
50

Ming Wong

TITLE
General Manager of Tongda Electrics
AGE
36

Ming Sik Wong

TITLE
Deputy General Manager of a Subsidiary
AGE
38

Qi Guo

TITLE
Vice President of a Subsidiary
AGE
68
Board of Directors Tenure

Average tenure and age of the Tongda Group Holdings board of directors in years:

11.3
Average Tenure
64
Average Age
  • The average tenure for the Tongda Group Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ya Wang

TITLE
Chairman and Chief Executive Officer
COMPENSATION
HK$2M
AGE
60

Ya Hua Wang

TITLE
Vice Chairman and General Manager
COMPENSATION
HK$2M
AGE
62

Ah Yeung Wong

TITLE
Deputy General Manager and Executive Director
COMPENSATION
HK$2M
AGE
68

Ming Che Wang

TITLE
Deputy General Manager of Tongda Ironware and Executive Director
COMPENSATION
HK$948K
AGE
42
TENURE
10.8 yrs

Ah Yu Wong

TITLE
Non-Executive Director
COMPENSATION
HK$2M
AGE
65

Stephen Ting

TITLE
Independent Non-Executive Director
COMPENSATION
HK$598K
AGE
64
TENURE
18.1 yrs

Sun Say Yu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$548K
AGE
79
TENURE
11.3 yrs

Christopher Cheung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$548K
AGE
66
TENURE
14.3 yrs

Sze Man Chan

TITLE
Non-Executive Director
AGE
37
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Sep 18 Buy Ya Wang Individual 13. Sep 18 13. Sep 18 14,120,000 €0.11 €1,553,301
14. Sep 18 Sell Wellington Management Group LLP Company 13. Sep 18 13. Sep 18 -22,210,000 €0.11 €-2,437,686
17. Sep 18 Buy Ya Wang Individual 17. Sep 18 17. Sep 18 3,000,000 €0.11 €342,983
14. Sep 18 Sell Mondrian Investment Partners Limited Company 13. Sep 18 13. Sep 18 -11,390,000 €0.11 €-1,254,854
14. Sep 18 Buy Ya Wang Individual 14. Sep 18 14. Sep 18 12,000,000 €0.12 €1,388,244
27. Aug 18 Sell Wellington Management Group LLP Company 24. Aug 18 24. Aug 18 -2,552,476 €0.13 €-335,762
18. Apr 18 Buy Wellington Management Group LLP Company 17. Apr 18 17. Apr 18 6,020,000 €0.17 €1,031,907
17. Apr 18 Sell Wellington Management Group LLP Company 16. Apr 18 16. Apr 18 -4,405,000 €0.16 €-720,458
13. Apr 18 Buy Wellington Management Group LLP Company 11. Apr 18 11. Apr 18 160,000 €0.16 €26,338
23. Mar 18 Buy Ya Wang Individual 23. Mar 18 23. Mar 18 4,690,000 €0.18 €822,544
22. Mar 18 Buy Ya Wang Individual 22. Mar 18 22. Mar 18 4,000,000 €0.18 €714,076
21. Mar 18 Buy Ya Wang Individual 21. Mar 18 21. Mar 18 6,000,000 €0.18 €1,104,839
21. Mar 18 Buy Ya Wang Individual 20. Mar 18 20. Mar 18 6,000,000 €0.19 €1,116,959
12. Jan 18 Buy Wellington Management Group LLP Company 11. Jan 18 11. Jan 18 7,210,000 €0.21 €1,511,828
X
Management checks
We assess Tongda Group Holdings'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. Tongda Group Holdings 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

External News
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Simply Wall St News

What Do Expectations Tell Us About Tongda Group Holdings Limited's (BST:TJC) Margins In The Future?

To get a preliminary understanding, I will try to evaluate Tongda Group Holdings's margin behaviour to assist in analysing the revenue and cost anatomy behind the earnings expectations for the future and the impact it has on shareholder returns relative to the wider industry. … Margin Calculation for TJC Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 914.41 Million ÷ 8.20 Billion = 11.15% Tongda Group Holdings's margin has expanded in the past five years, with 26.05% in average net income growth outstripping average revenue growth of 18.77%, which means that the previous increase in revenue has coincided with a larger portion falling to the bottom line. … Thus, it is essential to run your own analysis on Tongda Group Holdings's future earnings whilst maintaining a watchful eye over the sustainability of their cost management methods and the runway for top line growth.

Simply Wall St -

Company Info

Map
Description

Tongda Group Holdings Limited, an investment holding company, provides high-precision components used in consumer electronic products in Mainland China, Southeast Asia, the Middle East, and internationally. It operates through three segments: Electrical Fittings, Ironware Parts, and Communication Facilities and Others. The Electrical Fittings segment produces casings and components for handsets, electrical appliances, and notebook computers. The Ironware Parts segment supplies metallic casings and other ironware parts for electrical and electronic appliances. The Communication Facilities and Others segment supplies plastic set top boxes, as well as manufactures sport products. The company is also involved in the manufacture and sale of resistors; accessories for electrical appliance products; precise and plastic injection, and printing parts; and electronics and communication facilities. In addition, it engages in the trading of electrical appliance and ironware products. The company was founded in 1988 and is headquartered in Wanchai, Hong Kong.

Details
Name: Tongda Group Holdings Limited
TJC
Exchange: BST
Founded: 1988
HK$527,669,219
6,479,505,097
Website: http://www.tongda.com
Address: Tongda Group Holdings Limited
Room 1201-02,
12th Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 698 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 22. Dec 2000
BST TJC Ordinary Shares Boerse-Stuttgart DE EUR 22. Dec 2000
SHSC 698 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 22. Dec 2000
SZSC 698 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 22. Dec 2000
Number of employees
Current staff
Staff numbers
19,000
Tongda Group Holdings employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/02 22:33
End of day share price update: 2018/10/05 00:00
Last estimates confirmation: 2018/12/19
Last earnings filing: 2018/09/03
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.