DB:4EY

Stock Analysis Report

Tianli Holdings Group

Executive Summary

Tianli Holdings Group Limited, an investment holding company, manufactures, sells, and trades in multi-layer ceramic chips (MLCC) in Mainland China, Hong Kong, and internationally.

Rewards

Trading at 92.4% below its fair value

Risk Analysis

Has a high level of debt

Highly volatile share price over past 3 months

Does not have a meaningful market cap (€469M)



Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-7.8%

4EY

1.7%

DE Electronic

0.07%

DE Market


1 Year Return

-26.5%

4EY

8.5%

DE Electronic

14.8%

DE Market

Return vs Industry: 4EY underperformed the German Electronic industry which returned 9.5% over the past year.

Return vs Market: 4EY underperformed the German Market which returned 17.1% over the past year.


Shareholder returns

4EYIndustryMarket
7 Day-7.8%1.7%0.07%
30 Day16.7%1.4%1.4%
90 Day35.2%6.2%6.1%
1 Year-26.5%-26.5%11.0%8.5%18.4%14.8%
3 Year-75.3%-75.3%54.2%49.4%17.4%7.0%
5 Year-18.5%-18.5%119.5%103.2%27.9%10.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 4EY (€0.06) is trading below our estimate of fair value (€0.8)

Significantly Below Fair Value: 4EY is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: 4EY is good value based on its PB Ratio (0.4x) compared to the DE Electronic industry average (1.8x).


Next Steps

Future Growth

How is Tianli Holdings Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.3%

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 Tianli Holdings Group 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 Tianli Holdings Group performed over the past 5 years?

50.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4EY is currently unprofitable.

Growing Profit Margin: 4EY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 4EY is unprofitable, but has reduced losses over the past 5 years at a rate of 50.3% per year.

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

Earnings vs Industry: 4EY is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (3.1%).


Return on Equity

High ROE: 4EY has a negative Return on Equity (-8.14%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Tianli Holdings Group's financial position?


Financial Position Analysis

Short Term Liabilities: 4EY's short term assets (CN¥735.0M) exceed its short term liabilities (CN¥558.0M).

Long Term Liabilities: 4EY's short term assets (CN¥735.0M) exceed its long term liabilities (CN¥88.2M).


Debt to Equity History and Analysis

Debt Level: 4EY's debt to equity ratio (42.7%) is considered high.

Reducing Debt: 4EY's debt to equity ratio has increased from 17.7% to 42.7% over the past 5 years.

Debt Coverage: 4EY's debt is well covered by operating cash flow (86%).

Interest Coverage: Insufficient data to determine if 4EY's interest payments on its debt are well covered by EBIT.


Balance Sheet

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

Debt Coverage by Assets: 4EY's debt is covered by short term assets (assets are 1.8x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.5%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 4EY's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Tianli Holdings Group's salary, the management and board of directors tenure and is there insider trading?

2.4yrs

Average board tenure


CEO

Tong Pan (48yo)

0.8yrs

Tenure

CN¥2,192,000

Compensation

Mr. Tong Pan had been Chief Risk Officer at Tianli Holdings Group Limited since August 11, 2017 until April 12, 2019 and serves as its Executive Director since August 11, 2017 and has been its CEO since Ap ...


CEO Compensation Analysis

Compensation vs Market: Tong's total compensation ($USD318.16K) is about average for companies of similar size in the German market ($USD425.50K).

Compensation vs Earnings: Tong's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

2.4yrs

Average Tenure

48yo

Average Age

Experienced Board: 4EY's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Insider Trading

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.


Management Team

  • Zhao Lei

    Chief Technician of Mobile Phone Related Business

    • Chunhua Zhou (42yo)

      Chairman of the Board

      • Tenure: 2yrs
      • Compensation: CN¥6.50m
    • Tong Pan (48yo)

      CEO & Executive Director

      • Tenure: 0.8yrs
      • Compensation: CN¥2.19m
    • Benjamin Chou (39yo)

      Chief Legal Officer

      • Tenure: 0.8yrs
    • Chung Man Lo

      Company Secretary & CFO

      • Weilin Du (30yo)

        Executive Director

        • Tenure: 0.2yrs

      Board Members

      • David Tsoi (72yo)

        Independent Non-Executive Director

        • Tenure: 2.4yrs
        • Compensation: CN¥152.00k
      • Peleus Chu (55yo)

        Independent Non-Executive Director

        • Tenure: 12.8yrs
        • Compensation: CN¥152.00k
      • Xuechuan Xu (56yo)

        Independent Non-Executive Director

        • Tenure: 4.5yrs
        • Compensation: CN¥152.00k
      • Chunhua Zhou (42yo)

        Chairman of the Board

        • Tenure: 2yrs
        • Compensation: CN¥6.50m
      • Tong Pan (48yo)

        CEO & Executive Director

        • Tenure: 0.8yrs
        • Compensation: CN¥2.19m
      • Benjamin Chou (39yo)

        Chief Legal Officer

        • Tenure: 0.8yrs
      • Weilin Du (30yo)

        Executive Director

        • Tenure: 0.2yrs

      Company Information

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


      Key Information

      • Name: Tianli Holdings Group Limited
      • Ticker: 4EY
      • Exchange: DB
      • Founded: 2007
      • Industry: Electronic Components
      • Sector: Tech
      • Market Cap: HK$446.850m
      • Listing Market Cap: HK$51.860m
      • Shares outstanding: 744.75m
      • Website: https://null

      Number of Employees


      Location

      • Tianli Holdings Group Limited
      • Three Pacific Place
      • 9th Floor
      • Admiralty
      • Hong Kong

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      117SEHK (The Stock Exchange of Hong Kong Ltd.)HKD0.01HKHKDNo data
      4EYDB (Deutsche Boerse AG)HKD0.01DEEURNo data
      117SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2007
      4EYDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2007

      Biography

      Tianli Holdings Group Limited, an investment holding company, manufactures, sells, and trades in multi-layer ceramic chips (MLCC) in Mainland China, Hong Kong, and internationally. It operates through three segments: Manufacture and Sale of MLCC, Investment and Financial Services, and Other General Trading. The company offers investment and financial services, including direct investments in debt and equity assets; asset management; financial technologies; and financial advisory services. It also trades in commodities, such as metals, minerals, and petroleum products. In addition, the company engages in the leasing of properties. The company was formerly known as EYANG Holdings (Group) Co., Limited and changed its name to Tianli Holdings Group Limited in July 2016. Tianli Holdings Group Limited was incorporated in 2007 and is headquartered in Admiralty, Hong Kong. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/19 21:29
      End of Day Share Price2020/01/17 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.