DB:4DT

Stock Analysis Report

TC Orient Lighting Holdings

Executive Summary

TC Orient Lighting Holdings Limited, an investment holding company, manufactures and trades in light emitting diode (LED) lighting products and printed circuit boards (PCBs).


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has TC Orient Lighting Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 4DT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

150.0%

4DT

1.5%

DE Electronic

-0.6%

DE Market


1 Year Return

-75.0%

4DT

-28.2%

DE Electronic

-20.9%

DE Market

Return vs Industry: 4DT underperformed the German Electronic industry which returned -28.2% over the past year.

Return vs Market: 4DT underperformed the German Market which returned -20.9% over the past year.


Shareholder returns

4DTIndustryMarket
7 Day150.0%1.5%-0.6%
30 Day-16.7%-17.4%-16.6%
90 Day-75.0%-21.6%-26.0%
1 Year-75.0%-75.0%-26.8%-28.2%-18.6%-20.9%
3 Year-93.4%-94.9%-4.0%-7.1%-19.0%-25.8%
5 Year-96.5%-97.3%53.6%42.4%-21.1%-31.8%

Price Volatility Vs. Market

How volatile is TC Orient Lighting Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is TC Orient Lighting Holdings undervalued compared to its fair value and its price relative to the market?

1.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 4DT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 4DT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 4DT is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: 4DT 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 4DT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 4DT is overvalued based on its PB Ratio (1.3x) compared to the DE Electronic industry average (1.2x).


Next Steps

Future Growth

How is TC Orient Lighting Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.2%

Forecasted Tech 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 TC Orient Lighting Holdings 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 TC Orient Lighting Holdings performed over the past 5 years?

-4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4DT is currently unprofitable.

Growing Profit Margin: 4DT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 4DT is unprofitable, and losses have increased over the past 5 years at a rate of -4% per year.

Accelerating Growth: Unable to compare 4DT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 4DT is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-7.4%).


Return on Equity

High ROE: 4DT has a negative Return on Equity (-209.65%), as it is currently unprofitable.


Next Steps

Financial Health

How is TC Orient Lighting Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 4DT's short term assets (HK$353.5M) do not cover its short term liabilities (HK$448.1M).

Long Term Liabilities: 4DT's short term assets (HK$353.5M) exceed its long term liabilities (HK$14.7M).


Debt to Equity History and Analysis

Debt Level: 4DT's debt to equity ratio (251.2%) is considered high.

Reducing Debt: 4DT's debt to equity ratio has increased from 60.1% to 251.2% over the past 5 years.


Balance Sheet

Inventory Level: 4DT has a high level of physical assets or inventory.

Debt Coverage by Assets: 4DT's debt is covered by short term assets (assets are 2.4x 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.

Stable Cash Runway: Insufficient data to determine if 4DT has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 4DT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is TC Orient Lighting Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 4DT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 4DT'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 4DT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 4DT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 4DT is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 4DT'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?

3.0yrs

Average board tenure


CEO

TC Orient Lighting Holdings has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Ming Xu
Executive Director3.58yrsHK$555.00kno data
Jun Hao Guo
Executive Director3yrsHK$287.00kno data
Yongguang Zeng
Executive Director2.08yrsHK$566.33k0.037% HK$6.3k
Huazhi Mai
Executive Director1.92yrsHK$244.72kno data
Yan Ming Yau
Executive Director0.42yrno datano data
Yu Loke
Independent Non-Executive Director1.83yrsHK$103.00kno data
Kwok On Wong
Independent Non-Executive Director3.58yrsHK$155.00kno data
Ka Cheung Wai
Independent Non-Executive Director3.58yrsHK$275.00kno data
Hongxiang Li
Independent Executive Director3.75yrsHK$275.00kno data

3.0yrs

Average Tenure

46yo

Average Age

Experienced Board: 4DT's board of directors are considered experienced (3 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.1%.


Top Shareholders

Company Information

TC Orient Lighting Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TC Orient Lighting Holdings Limited
  • Ticker: 4DT
  • Exchange: DB
  • Founded: 1988
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: HK$144.067m
  • Listing Market Cap: HK$17.184m
  • Shares outstanding: 2.72b
  • Website: https://www.tatchun.com

Number of Employees


Location

  • TC Orient Lighting Holdings Limited
  • Unit E, Tower B
  • 30th Floor
  • Kowloon Bay
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
515SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 2006
4DTDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2006

Biography

TC Orient Lighting Holdings Limited, an investment holding company, manufactures and trades in light emitting diode (LED) lighting products and printed circuit boards (PCBs). The company offers single-sided, double-sided, multi-layered, and HDI PCBs for multinational corporations, various Chinese brands, and electronics manufacturing service companies; and produces, sells, and installs LED street lamps for governments and LED lighting commercial projects. Its products are primarily used in consumer electronics, computers and computer peripherals, communications equipment, and automotive electronics. The company also trades in tower and electric cables. It has operations in the People’s Republic of China, Hong Kong, Taiwan, Japan, Korea, other Asian countries, the United States, Austria, Hungary, Switzerland, Turkey, France, Germany, other European countries, and internationally. The company was formerly known as TC Interconnect Holdings Limited and changed its name to TC Orient Lighting Holdings Limited in March 2012. TC Orient Lighting Holdings Limited was founded in 1988 and is headquartered in Kowloon Bay, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/06 23:13
End of Day Share Price2020/04/06 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.