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China Tianrui Automotive Interiors

SEHK:6162
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6162
SEHK
HK$234M
Market Cap
  1. Home
  2. HK
  3. Automobiles
Company description

China Tianrui Automotive Interiors Co., Ltd., an investment holding company, researches, develops, manufactures, and sells automotive interior and exterior decorative components and parts in the People’s Republic of China. The last earnings update was 77 days ago. More info.


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  • China Tianrui Automotive Interiors has significant price volatility in the past 3 months.
6162 Share Price and Events
7 Day Returns
5.4%
SEHK:6162
-3.6%
HK Auto Components
-1.1%
HK Market
1 Year Returns
-
SEHK:6162
-26.1%
HK Auto Components
-6.5%
HK Market
6162 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Tianrui Automotive Interiors (6162) 5.4% -4.9% -22% - - -
HK Auto Components -3.6% 1.2% -19.7% -26.1% 0% 18.2%
HK Market -1.1% 3.4% -7.7% -6.5% 17.4% 4.2%
1 Year Return vs Industry and Market
  • No trading data on 6162.
  • No trading data on 6162.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for China Tianrui Automotive Interiors's competitors could be found in our database.

6162 Value

 Is China Tianrui Automotive Interiors 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 China Tianrui Automotive Interiors 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 China Tianrui Automotive Interiors.

SEHK:6162 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

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 SEHK:6162
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.27 (1 + (1- 25%) (25.66%))
1.345
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.345 * 5.96%)
10.02%

Discounted Cash Flow Calculation for SEHK:6162 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Tianrui Automotive Interiors is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:6162 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10.02%)
2020 20.24 Est @ -11.96% 18.40
2021 18.67 Est @ -7.77% 15.43
2022 17.77 Est @ -4.84% 13.34
2023 17.27 Est @ -2.78% 11.79
2024 17.04 Est @ -1.35% 10.57
2025 16.98 Est @ -0.34% 9.58
2026 17.04 Est @ 0.36% 8.74
2027 17.19 Est @ 0.85% 8.01
2028 17.40 Est @ 1.2% 7.37
2029 17.65 Est @ 1.44% 6.79
Present value of next 10 years cash flows CN¥110.02
SEHK:6162 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥17.65 × (1 + 2%) ÷ (10.02% – 2%)
CN¥224.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥224.57 ÷ (1 + 10.02%)10
CN¥86.44
SEHK:6162 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥110.02 + CN¥86.44
CN¥196.46
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥196.46 / 2,000.00
CN¥0.1
SEHK:6162 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:6162)
1.137
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.1 x 1.137
HK$0.11
Value per share (HKD) From above. HK$0.11
Current discount Discount to share price of HK$0.12
= -1 x (HK$0.12 - HK$0.11) / HK$0.11
-4.8%

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

  • The current share price of China Tianrui Automotive Interiors is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 China Tianrui Automotive Interiors's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Tianrui Automotive Interiors's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:6162 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.02
SEHK:6162 Share Price ** SEHK (2019-07-15) in HKD HK$0.12
SEHK:6162 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.1
Hong Kong Auto Components Industry PE Ratio Median Figure of 21 Publicly-Listed Auto Components Companies 10.56x
Hong Kong Market PE Ratio Median Figure of 1,503 Publicly-Listed Companies 10.71x

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

** Primary Listing of China Tianrui Automotive Interiors.

SEHK:6162 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:6162 Share Price ÷ EPS (both in CNY)

= 0.1 ÷ 0.02

5.51x

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

  • China Tianrui Automotive Interiors is good value based on earnings compared to the HK Auto Components industry average.
  • China Tianrui Automotive Interiors is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Tianrui Automotive Interiors's expected growth come at a high price?
Raw Data
SEHK:6162 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
0.5%per year
Hong Kong Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.59x
Hong Kong Market PEG Ratio Median Figure of 477 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for China Tianrui Automotive Interiors, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Tianrui Automotive Interiors's assets?
Raw Data
SEHK:6162 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.08
SEHK:6162 Share Price * SEHK (2019-07-15) in HKD HK$0.12
SEHK:6162 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.879 CN¥0.1
Hong Kong Auto Components Industry PB Ratio Median Figure of 26 Publicly-Listed Auto Components Companies 1.39x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:6162 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:6162 Share Price ÷ Book Value per Share (both in CNY)

= 0.1 ÷ 0.08

1.34x

* Primary Listing of China Tianrui Automotive Interiors.

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

  • China Tianrui Automotive Interiors is good value based on assets compared to the HK Auto Components industry average.
X
Value checks
We assess China Tianrui Automotive Interiors'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 Auto Components 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 Auto Components industry average (and greater than 0)? (1 check)
  5. China Tianrui Automotive Interiors has a total score of 3/6, 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.

6162 Future Performance

 How is China Tianrui Automotive Interiors expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover China Tianrui Automotive Interiors, future earnings growth has been estimated based on fundamentals.
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
0.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Tianrui Automotive Interiors expected to grow at an attractive rate?
  • China Tianrui Automotive Interiors's earnings growth is positive but not above the low risk savings rate of 2%.
Growth vs Market Checks
  • China Tianrui Automotive Interiors's earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare China Tianrui Automotive Interiors's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:6162 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:6162 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 0.5%
Hong Kong Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.2%

*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
SEHK:6162 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:6162 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 264 52 28
2018-09-30 259 -6 26
2018-06-30 253 -64 25
2018-03-31 248 -16 30
2017-12-31 242 31 35
2016-12-31 121 43 25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Tianrui Automotive Interiors's earnings are expected to grow by 0.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if China Tianrui Automotive Interiors is high growth as no revenue estimate data is available.
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
SEHK:6162 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 0 Analyst Estimates (S&P Global) See Below

All data from China Tianrui Automotive Interiors Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:6162 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.02
2018-09-30 0.02
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.02
2016-12-31

*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.
  • Unable to establish if China Tianrui Automotive Interiors will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess China Tianrui Automotive Interiors'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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
China Tianrui Automotive Interiors has a total score of 0/6, 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.

6162 Past Performance

  How has China Tianrui Automotive Interiors 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 China Tianrui Automotive Interiors's growth in the last year to its industry (Auto Components).
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.
  • Insufficient data to establish if China Tianrui Automotive Interiors's year on year earnings growth rate was positive over the past 5 years.
  • China Tianrui Automotive Interiors's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • China Tianrui Automotive Interiors's 1-year earnings growth is negative, it can't be compared to the HK Auto Components industry average.
Earnings and Revenue History
China Tianrui Automotive Interiors'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 China Tianrui Automotive Interiors Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:6162 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 263.82 28.02 48.88
2018-09-30 258.59 26.33 45.98
2018-06-30 253.37 24.65 30.51
2018-03-31 247.51 29.85 27.02
2017-12-31 241.66 35.06 36.10
2016-12-31 120.90 24.98 10.71
2015-12-31 95.09 20.73 7.79

*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.
  • China Tianrui Automotive Interiors has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • China Tianrui Automotive Interiors used its assets more efficiently than the HK Auto Components industry average last year based on Return on Assets.
  • China Tianrui Automotive Interiors has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Tianrui Automotive Interiors'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 Auto Components 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.
China Tianrui Automotive Interiors 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.

6162 Health

 How is China Tianrui Automotive Interiors'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 China Tianrui Automotive Interiors's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Tianrui Automotive Interiors's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Tianrui Automotive Interiors's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Tianrui Automotive Interiors'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 3.9x 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 China Tianrui Automotive Interiors Company Filings, last reported 6 months ago.

SEHK:6162 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 115.45 52.81 33.39
2018-09-30 115.45 52.81 33.39
2018-06-30 101.49 124.29 9.32
2018-03-31 101.49 124.29 9.32
2017-12-31 36.58 93.09 38.67
2016-12-31 172.77 48.50 13.30
2015-12-31 147.79 38.50 7.74
  • China Tianrui Automotive Interiors's level of debt (45.7%) compared to net worth is high (greater than 40%).
  • Unable to establish if China Tianrui Automotive Interiors's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (99.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
X
Financial health checks
We assess China Tianrui Automotive Interiors'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. China Tianrui Automotive Interiors 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.

6162 Dividends

 What is China Tianrui Automotive Interiors'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
5.01%
Current annual income from China Tianrui Automotive Interiors dividends.
If you bought HK$2,000 of China Tianrui Automotive Interiors shares you are expected to receive HK$100 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?
  • China Tianrui Automotive Interiors's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • China Tianrui Automotive Interiors's dividend is below the markets top 25% of dividend payers in Hong Kong (5.73%).
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
SEHK:6162 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 0 Analyst Estimates (S&P Global) See Below
Hong Kong Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:6162 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-29 0.005 4.999

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

  • It is too early to tell whether China Tianrui Automotive Interiors has stable dividend payments.
  • China Tianrui Automotive Interiors only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of China Tianrui Automotive Interiors's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess China Tianrui Automotive Interiors's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 China Tianrui Automotive Interiors afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Tianrui Automotive Interiors has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

6162 Management

 What is the CEO of China Tianrui Automotive Interiors'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
Jianli Hou
COMPENSATION CN¥174,000
AGE 55
CEO Bio

Mr. Jianli Hou is Chairman & CEO at China Tianrui Automotive Interiors Co., Ltd and its GM sine May 2009 and its Executive Director since May 9, 2018. Mr. Hou is mainly responsible for the overall management, operations, strategic development and business planning. Mr. Hou joined China Tianrui Automotive Interiors in May 2009 and served as its executive director since then. He is mainly responsible for overall management, operations, strategic development and business planning of Xian Tianrui. He was a Director at China Tianrui Automotive Interiors Co., Ltd since April 27, 2017 until May 9, 2018. Mr. Hou is also the director of Ryford and Tianrui International. Mr. Hou also possesses over 30 years of experience in the manufacturing industry. From August 1985 to January 2000, Mr. Hou successively served as technician, workshop deputy director, branch manager, chief engineer and head of the composite packaging materials research institute of Shaanxi Province Pioneer Machinery Factory, later known as (Shaanxi Province Kaiguan Second Factory). Mr. Hou was mainly responsible for providing technical support and operation management. Since January 2000, Mr. Hou served as legal representative and director of Baoji Tianxiang, the principal business of which is package printing and package material processing. He has been responsible for its overall management and business planning. Mr. Hou graduated from Shaanxi Institute of Technology (now known as Shaanxi University of Technology) in the PRC with a bachelor’s degree in industrial electronic automation in July 1985. Mr. Hou is currently pursuing a master’s degree in business and administration for senior management in the Guanghua School of Management of Peking University in the PRC.

CEO Compensation
  • Jianli's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Jianli's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team

Jianli Hou

TITLE
Chairman
COMPENSATION
CN¥174K
AGE
55

Shijie Zhao

TITLE
CFO, Joint Company Secretary & Executive Director
COMPENSATION
CN¥211K
AGE
36

Bierui Chen

TITLE
Deputy GM & Executive Director
COMPENSATION
CN¥128K
AGE
57

Yunhua Xu

TITLE
Head of the Sales Department
AGE
41

Jun Wang

TITLE
Deputy General Manager
AGE
35

Pui Sum Ip

TITLE
Joint Company Secretary
AGE
59
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the China Tianrui Automotive Interiors board of directors in years:

0.6
Average Tenure
52
Average Age
  • The average tenure for the China Tianrui Automotive Interiors board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jianli Hou

TITLE
Chairman
COMPENSATION
CN¥174K
AGE
55

Shijie Zhao

TITLE
CFO, Joint Company Secretary & Executive Director
COMPENSATION
CN¥211K
AGE
36
TENURE
2.3 yrs

Bierui Chen

TITLE
Deputy GM & Executive Director
COMPENSATION
CN¥128K
AGE
57
TENURE
2.3 yrs

Hongqiang Zhu

TITLE
Independent Non-Executive Director
AGE
49
TENURE
0.6 yrs

Genshu Zhou

TITLE
Independent Non-Executive Director
AGE
54
TENURE
0.6 yrs

Yick Fabian Shin

TITLE
Independent Non-Executive Director
AGE
50
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess China Tianrui Automotive Interiors'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. China Tianrui Automotive Interiors 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.

6162 News

Simply Wall St News

Why China Tianrui Automotive Interiors Co., Ltd.’s (HKG:6162) Return On Capital Employed Is Impressive

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for China Tianrui Automotive Interiors: 0.32 = CN¥43m ÷ (CN¥339m - CN¥206m) (Based on the trailing twelve months to December 2018.) Therefore, China Tianrui Automotive Interiors has an ROCE of 32%. … How China Tianrui Automotive Interiors's Current Liabilities Impact Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less. … China Tianrui Automotive Interiors's high level of current liabilities boost the ROCE - but its ROCE is still impressive.

Simply Wall St -

Is China Tianrui Automotive Interiors Co., Ltd.'s (HKG:6162) Balance Sheet Strong Enough To Weather A Storm?

Does 6162 Produce Much Cash Relative To Its Debt? … On top of this, 6162 has generated CN¥52m in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 99%, meaning that 6162’s debt is appropriately covered by operating cash. … Next Steps: 6162’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Is China Tianrui Automotive Interiors Co., Ltd.'s (HKG:6162) ROE Of 24% Impressive?

Our data shows China Tianrui Automotive Interiors has a return on equity of 24% for the last year. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.24 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

6162 Company Info

Description

China Tianrui Automotive Interiors Co., Ltd., an investment holding company, researches, develops, manufactures, and sells automotive interior and exterior decorative components and parts in the People’s Republic of China. Its products are designed to be installed on heavy trucks and passenger vehicles. The company also offers design and development solutions for automotive interior decorative products, including functional specifications and appearance. It serves truck and passenger vehicle manufacturers. The company was founded in 2009 and is headquartered in Xi’an, the People’s Republic of China. China Tianrui Automotive Interiors Co., Ltd. is a subsidiary of H&C Group Holding Limited.

Details
Name: China Tianrui Automotive Interiors Co., Ltd.
6162
Exchange: SEHK
Founded: 2009
HK$234,000,000
2,000,000,000
Website: http://www.trqcns.com
Address: China Tianrui Automotive Interiors Co., Ltd.
No. 6 Weihua Road North,
Jingwei Xincheng,
Xi’an,
Shaanxi Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 6162 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 15. Jan 2019
Number of employees
Current staff
Staff numbers
425
China Tianrui Automotive Interiors employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 13:12
End of day share price update: 2019/07/15 00:00
Last earnings filing: 2019/04/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.