DB:3TG

Stock Analysis Report

Trigiant Group

Executive Summary

Trigiant Group Limited, an investment holding company, manufactures and sells feeder cables, optical fiber cables and related products, flame-retardant flexible cables, electronic components, and others for mobile communications and telecommunication equipment.


Snowflake Analysis

Undervalued with excellent balance sheet.

Share Price & News

How has Trigiant Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3TG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-13.5%

3TG

5.4%

DE Communications

2.2%

DE Market


1 Year Return

-10.7%

3TG

-39.8%

DE Communications

-17.2%

DE Market

Return vs Industry: 3TG exceeded the German Communications industry which returned -38.2% over the past year.

Return vs Market: 3TG exceeded the German Market which returned -17.5% over the past year.


Shareholder returns

3TGIndustryMarket
7 Day-13.5%5.4%2.2%
30 Day-38.0%-13.8%-15.7%
90 Day-14.7%-32.2%-24.0%
1 Year-8.8%-10.7%-39.4%-39.8%-14.9%-17.2%
3 Year18.4%7.2%-37.3%-37.5%-16.4%-23.3%
5 Year-17.8%-34.3%9.3%9.0%-16.5%-27.8%

Price Volatility Vs. Market

How volatile is Trigiant Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Trigiant Group undervalued compared to its fair value and its price relative to the market?

25.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3TG (€0.13) is trading below our estimate of fair value (€0.18)

Significantly Below Fair Value: 3TG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3TG is good value based on its PE Ratio (5.8x) compared to the Communications industry average (14.6x).

PE vs Market: 3TG is good value based on its PE Ratio (5.8x) compared to the German market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3TG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3TG is good value based on its PB Ratio (0.6x) compared to the DE Communications industry average (2.4x).


Next Steps

Future Growth

How is Trigiant Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

38.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 3TG's forecast earnings growth is above the savings rate (-0.4%).

Earnings vs Market: Insufficient data to determine if 3TG's earnings are forecast to grow faster than the German market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3TG's revenue (38.5% per year) is forecast to grow faster than the German market (4.1% per year).

High Growth Revenue: 3TG's revenue (38.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 3TG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Trigiant Group performed over the past 5 years?

4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3TG has high quality earnings.

Growing Profit Margin: 3TG's current net profit margins (10.1%) are higher than last year (10%).


Past Earnings Growth Analysis

Earnings Trend: 3TG's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: 3TG's earnings growth over the past year (3.9%) is below its 5-year average (4.9% per year).

Earnings vs Industry: 3TG earnings growth over the past year (3.9%) underperformed the Communications industry 21.9%.


Return on Equity

High ROE: 3TG's Return on Equity (10.2%) is considered low.


Next Steps

Financial Health

How is Trigiant Group's financial position?


Financial Position Analysis

Short Term Liabilities: 3TG's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥1.8B).

Long Term Liabilities: 3TG's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥59.2M).


Debt to Equity History and Analysis

Debt Level: 3TG's debt to equity ratio (36.7%) is considered satisfactory.

Reducing Debt: 3TG's debt to equity ratio has reduced from 68.6% to 36.7% over the past 5 years.

Debt Coverage: 3TG's debt is not well covered by operating cash flow (18.2%).

Interest Coverage: 3TG's interest payments on its debt are well covered by EBIT (10.1x coverage).


Balance Sheet

Inventory Level: 3TG has a low level of unsold assets or inventory.

Debt Coverage by Assets: 3TG's debt is covered by short term assets (assets are 3.7x debt).


Next Steps

Dividend

What is Trigiant Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 3TG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 3TG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 3TG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3TG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 3TG is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 3TG'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?

0.5yrs

Average board tenure


CEO

Lirong Qian (54yo)

0.25

Tenure

CN¥1,021,000

Compensation

Mr. Lirong Qian served as Chief Executive Officer of Hengxin Technology Ltd. until January 17, 2007. Mr. Qian is principally responsible for the overall strategic development of the Group's operation as we ...


CEO Compensation Analysis

Compensation vs Market: Lirong's total compensation ($USD143.89K) is below average for companies of similar size in the German market ($USD731.58K).

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


Board Members

NamePositionTenureCompensationOwnership
Lirong Qian
Executive Chairman & Group CEO0.25yrCN¥1.02mno data
Chenhui Qian
Executive Director0.25yrno datano data
Fan Shing Chan
Independent Non-Executive Director1.5yrsCN¥33.00kno data
Xiaofeng Jin
Independent Non-Executive Director8.58yrsCN¥89.00kno data
Bin Xia
Non-Executive Director0.67yrno datano data
Gang Chen
Independent Non-Executive Director0.25yrno datano data
Liqian Qian
Alternate Director0.25yrno datano data

0.5yrs

Average Tenure

42yo

Average Age

Experienced Board: 3TG's board of directors are not considered experienced ( 0.5 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

Trigiant Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trigiant Group Limited
  • Ticker: 3TG
  • Exchange: DB
  • Founded: 2007
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: HK$2.257b
  • Listing Market Cap: HK$262.639m
  • Shares outstanding: 1.79b
  • Website: https://www.trigiant.com.hk

Number of Employees


Location

  • Trigiant Group Limited
  • No. 1 Junzhi Road
  • Industrial Park for Environmental Protection Science & Techn
  • Yixing
  • Jiangsu Province
  • 214206
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1300SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2012
3TGDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2012

Biography

Trigiant Group Limited, an investment holding company, manufactures and sells feeder cables, optical fiber cables and related products, flame-retardant flexible cables, electronic components, and others for mobile communications and telecommunication equipment. The company’s Feeder Cable Series segment offers cables used in transmitting and receiving radio signals, as well as components for telecommunications transmission equipment; and leaky cables primarily used for wireless mobile communications, wireless remote control, and wireless alarm systems for transmitting radio frequency signals, as well as sending and receiving antenna data for areas of weak signal coverage, such as subways, tunnels, underground passages, and interior of buildings. Its Optical Fibre Cable Series and Related Products segment provides cables for use in long haul telecommunication transmission in fixed and wireless telecommunications networks. The company’s Flame-Retardant Flexible Cable Series segment offers cables that are used as internal connection cables for power systems or mobile cable transmission, and distribution systems, as well as communications switch systems requiring uninterrupted power. Its New-Type Electronic Components segment provides sensing products; optical splitters; jumpers for connection of wireless antennas with feeder cables and various communications equipment; and connectors for connection of radio frequency circuits to radio equipment and electronic devices, and antenna lightning arresters installed between a high frequency device and a feeder cable. The company’s Others segment provides couplers, combiners, feeder wall plates, adjustable stands, waterproof clay, insulating tape, cable ties, and feeder hoisting grips. It operates in the People's Republic of China, as well as exports its products to Brazil, India, Russia, the Middle East, South East Asia, etc. The company was founded in 2007 and is headquartered in Yixing, the People's Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 23:04
End of Day Share Price2020/03/30 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.