Tianneng Power International
Market Cap
HK$6.5b
Last Updated
2020/04/03 12:50 UTC
Data Sources
Company Financials +
Executive Summary
Tianneng Power International Limited, an investment holding company, researches, develops, manufactures, and sells power batteries for electric vehicle market in the People’s Republic of China and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record and pays a dividend.
Similar Companies
Share Price & News
How has Tianneng Power International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 819 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
20.7%
819
-5.1%
HK Auto Components
1.1%
HK Market
1 Year Return
-20.8%
819
-42.3%
HK Auto Components
-21.6%
HK Market
Return vs Industry: 819 exceeded the Hong Kong Auto Components industry which returned -42.3% over the past year.
Return vs Market: 819 matched the Hong Kong Market which returned -21.6% over the past year.
Shareholder returns
| 819 | Industry | Market | |
|---|---|---|---|
| 7 Day | 20.7% | -5.1% | 1.1% |
| 30 Day | -0.9% | -22.6% | -10.2% |
| 90 Day | -5.2% | -28.6% | -16.1% |
| 1 Year | -15.8%-20.8% | -40.3%-42.3% | -18.8%-21.6% |
| 3 Year | -7.0%-18.8% | -42.9%-47.1% | -3.1%-12.8% |
| 5 Year | 118.2%80.5% | -25.1%-33.1% | -13.5%-27.3% |
Price Volatility Vs. Market
How volatile is Tianneng Power International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Announcing: Tianneng Power International (HKG:819) Stock Increased An Energizing 155% In The Last Five Years1 month ago | Simply Wall St
Tianneng Power International (HKG:819) Seems To Use Debt Quite Sensibly1 month ago | Simply Wall St
Is Tianneng Power International Limited’s (HKG:819) 21% ROCE Any Good?Valuation
Is Tianneng Power International 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: 819 (HK$5.83) is trading below our estimate of fair value (HK$15.8)
Significantly Below Fair Value: 819 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 819 is good value based on its PE Ratio (3.6x) compared to the Auto Components industry average (9.6x).
PE vs Market: 819 is good value based on its PE Ratio (3.6x) compared to the Hong Kong market (9.1x).
Price to Earnings Growth Ratio
PEG Ratio: 819 is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: 819 is overvalued based on its PB Ratio (0.9x) compared to the HK Auto Components industry average (0.9x).
Next Steps
Future Growth
How is Tianneng Power International forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
1.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 819's forecast earnings growth (1.5% per year) is below the savings rate (1.6%).
Earnings vs Market: 819's earnings (1.5% per year) are forecast to grow slower than the Hong Kong market (11.5% per year).
High Growth Earnings: 819's earnings are forecast to grow, but not significantly.
Revenue vs Market: 819's revenue (4.5% per year) is forecast to grow slower than the Hong Kong market (10% per year).
High Growth Revenue: 819's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 819's Return on Equity is forecast to be low in 3 years time (18%).
Next Steps
Past Performance
How has Tianneng Power International performed over the past 5 years?
36.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 819 has high quality earnings.
Growing Profit Margin: 819's current net profit margins (4.1%) are higher than last year (3.6%).
Past Earnings Growth Analysis
Earnings Trend: 819 has become profitable over the past 5 years, growing earnings by 36.3% per year.
Accelerating Growth: 819's earnings growth over the past year (34.3%) is below its 5-year average (36.3% per year).
Earnings vs Industry: 819 earnings growth over the past year (34.3%) exceeded the Auto Components industry -25.6%.
Return on Equity
High ROE: 819's Return on Equity (23.7%) is considered high.
Next Steps
Financial Health
How is Tianneng Power International's financial position?
Financial Position Analysis
Short Term Liabilities: 819's short term assets (CN¥12.8B) exceed its short term liabilities (CN¥11.1B).
Long Term Liabilities: 819's short term assets (CN¥12.8B) exceed its long term liabilities (CN¥771.5M).
Debt to Equity History and Analysis
Debt Level: 819's debt to equity ratio (26.2%) is considered satisfactory.
Reducing Debt: 819's debt to equity ratio has reduced from 129.7% to 26.2% over the past 5 years.
Debt Coverage: 819's debt is well covered by operating cash flow (90.5%).
Interest Coverage: 819's interest payments on its debt are well covered by EBIT (12.5x coverage).
Balance Sheet
Inventory Level: 819 has a high level of physical assets or inventory.
Debt Coverage by Assets: 819's debt is covered by short term assets (assets are 6.7x debt).
Next Steps
Dividend
What is Tianneng Power International's current dividend yield, its reliability and sustainability?
6.57%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 819's dividend (6.57%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.57%).
High Dividend: 819's dividend (6.57%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.33%).
Stability and Growth of Payments
Stable Dividend: 819's dividend payments have been volatile in the past 10 years.
Growing Dividend: 819's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23.5%), 819's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 819's dividends in 3 years are forecast to be well covered by earnings (27.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.6yrs
Average management tenure
CEO
Tianren Zhang (56yo)
no data
Tenure
CN¥1,551,000
Compensation
Dr. Zhang Tianren is the Founder of Tianneng Power International Limited and serves as its Chairman, President and Chief Executive Officer. Dr. Zhang has been the Chairman and General Manager of Tianneng B ...
CEO Compensation Analysis
Compensation vs Market: Tianren's total compensation ($USD218.87K) is below average for companies of similar size in the Hong Kong market ($USD485.88K).
Compensation vs Earnings: Tianren's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | CN¥1.55m | 36.42% CN¥2.4b | |
| VP & Executive Director | no data | CN¥500.00k | 1.68% CN¥109.7m | |
| VP & Executive Director | no data | CN¥528.00k | 1.21% CN¥79.3m | |
| VP & Executive Director | no data | CN¥535.00k | 1.39% CN¥91.1m | |
| VP & Executive Director | 5.08yrs | CN¥588.00k | 0.21% CN¥13.7m | |
| Financial Controller | 11.25yrs | no data | no data | |
| Chief Engineer and Deputy Head of Research Institution | 12.25yrs | no data | no data | |
| Company Secretary | 10.58yrs | no data | no data | |
| Business Consultant | 8.92yrs | CN¥106.00k | no data |
10.6yrs
Average Tenure
56yo
Average Age
Experienced Management: 819's management team is seasoned and experienced (10.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | no data | CN¥1.55m | 36.42% CN¥2.4b | |
| VP & Executive Director | no data | CN¥500.00k | 1.68% CN¥109.7m | |
| VP & Executive Director | no data | CN¥528.00k | 1.21% CN¥79.3m | |
| VP & Executive Director | no data | CN¥535.00k | 1.39% CN¥91.1m | |
| VP & Executive Director | 5.08yrs | CN¥588.00k | 0.21% CN¥13.7m | |
| Independent Non Executive Director | 13.17yrs | CN¥206.00k | 0.021% CN¥1.4m | |
| Independent Non-Executive Director | 4.83yrs | CN¥200.00k | no data | |
| Independent Non-Executive Director | 1.67yrs | CN¥82.00k | no data |
5.0yrs
Average Tenure
61yo
Average Age
Experienced Board: 819's board of directors are considered experienced (5 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Tianneng Power International Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tianneng Power International Limited
- Ticker: 819
- Exchange: SEHK
- Founded: 1986
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: HK$6.546b
- Shares outstanding: 1.13b
- Website: https://www.tianneng.com.hk
Number of Employees
Location
- Tianneng Power International Limited
- Central Plaza
- 32nd Floor
- Wan Chai
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 819 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jun 2007 |
| TPQ | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2007 |
| TIAN.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2007 |
| 819 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jun 2007 |
| 819 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Jun 2007 |
Biography
Tianneng Power International Limited, an investment holding company, researches, develops, manufactures, and sells power batteries for electric vehicle market in the People’s Republic of China and internationally. It offers lead-acid motive batteries for use in electric cars, bicycles, and tricycles; lithium batteries for new energy vehicles; start-and-stop batteries for vehicles; and wind power and solar power storage batteries, as well as recycled batteries and battery related accessories. The company also manufactures and sells electrode plates; sells metal materials; trades in new energy materials; and provides integrated power storage ancillary services. In addition, it engages in the construction of smart micro-grids in cities, as well as the building of green and smart industrial parks. Tianneng Power International Limited was founded in 1986 and is based in Wanchai, Hong Kong.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/03 12:50 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.