SEHK:872

Stock Analysis Report

Executive Summary

TUS International Limited, together with its subsidiaries, produces and sells advanced driving assistance systems and other automotive components in the People’s Republic of China.

Snowflake

Fundamentals

Overvalued with poor track record.


Similar Companies

Share Price & News

How has TUS International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 872 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

872

0.5%

HK Auto Components

-3.3%

HK Market


1 Year Return

-48.4%

872

-9.1%

HK Auto Components

0.01%

HK Market

Return vs Industry: 872 underperformed the Hong Kong Auto Components industry which returned -9.1% over the past year.

Return vs Market: 872 underperformed the Hong Kong Market which returned 0% over the past year.


Shareholder returns

872IndustryMarket
7 Day0%0.5%-3.3%
30 Day-12.0%4.5%0.1%
90 Day-7.0%18.2%5.3%
1 Year-48.4%-48.4%-6.0%-9.1%3.6%0.01%
3 Year-54.8%-54.8%-8.1%-14.6%20.9%8.8%
5 Year-30.5%-30.5%43.6%27.6%20.5%0.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is TUS International undervalued compared to its fair value and its price relative to the market?

0.81x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 872's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 872's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 872 is unprofitable, so we can't compare its PE Ratio to the Auto Components industry average.

PE vs Market: 872 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 872's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 872 is good value based on its PB Ratio (0.8x) compared to the HK Auto Components industry average (1x).


Next Steps

Future Growth

How is TUS International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.9%

Forecasted Automobiles 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 TUS International 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 TUS International performed over the past 5 years?

-1.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 872 has a high level of non-cash earnings.

Growing Profit Margin: 872's current net profit margins (-23.4%) are higher than last year (-26%).


Past Earnings Growth Analysis

Earnings Trend: 872 is unprofitable, and losses have increased over the past 5 years at a rate of -1.7% per year.

Accelerating Growth: Unable to compare 872's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 872 is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-0.7%).


Return on Equity

High ROE: 872 has a negative Return on Equity (-17.55%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is TUS International's financial position?


Financial Position Analysis

Short Term Liabilities: 872's short term assets (HK$611.5M) do not cover its short term liabilities (HK$907.8M)

Long Term Liabilities: 872's short term assets (611.5M) exceeds its long term liabilities (519.1M)


Debt to Equity History and Analysis

Debt Level: 872's debt to equity ratio (85.8%) is considered high

Reducing Debt: 872's debt to equity ratio has increased from 14.9% to 85.8% over the past 5 years.


Balance Sheet

Inventory Level: 872 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 872's debt is not covered by short term assets (assets are 0.8x 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: 872 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 872 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -68.6% each year


Next Steps

Dividend

What is TUS International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.2%markettop25%6.3%industryaverage4.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 872's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 872'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 872's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 872's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 872 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 872's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of TUS International's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average board tenure


CEO

Feng Cao (46yo)

0yrs

Tenure

0

Feng Cao serves as Assistant to Chief Executive of Jinheng Automotive Safety Technology Holdings Ltd. and is responsible for the coordination of the sales and marketing functions. Mr. Cao joined the Jinhen ...


Board Age and Tenure

3.3yrs

Average Tenure

48yo

Average Age

Experienced Board: 872's board of directors are considered experienced (3.3 years average tenure).


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 been substantially diluted in the past year, with total shares outstanding growing by 57.7%.


Management Team

  • Victor Foo (50yo)

    Chief Financial Officer and Company Secretary

    • Tenure: 0yrs
    • Compensation: HK$527.74k
  • Chi Yung Lee (44yo)

    Company Secretary

    • Tenure: 0.8yrs
  • Qiming Zhang (55yo)

    Deputy General Manager

    • Tenure: 0yrs
  • Feng Cao (46yo)

    Assistant to Chief Executive Officer

    • Tenure: 0yrs
  • Zhanwen Xing (60yo)

    General Manager of Shanxi Winner

    • Tenure: 0yrs
  • Karl Ma (48yo)

    Chairman

    • Tenure: 3.3yrs
    • Compensation: HK$1.22m
  • Zhongjiang Dong

    Deputy General of Manager of Shanxi Winner

    • Tenure: 0yrs
  • Chengming Zhao

    General Manager of Jinbei Jinheng

    • Tenure: 0yrs
  • Peng Du (43yo)

    Vice Chairman

    • Tenure: 1.8yrs
    • Compensation: HK$2.28m
  • Xiao Shen (41yo)

    Executive Director

    • Tenure: 3.4yrs
    • Compensation: HK$4.29m

Board Members

  • Chiu Kwok Poon (57yo)

    Independent Non-Executive Director

    • Tenure: 4.2yrs
    • Compensation: HK$360.00k
  • Karl Ma (48yo)

    Chairman

    • Tenure: 3.3yrs
    • Compensation: HK$1.22m
  • Bo Hu (46yo)

    Non Executive Director

    • Tenure: 0.6yrs
  • Peng Du (43yo)

    Vice Chairman

    • Tenure: 1.8yrs
    • Compensation: HK$2.28m
  • Alan Wong (44yo)

    Independent Non-Executive Director

    • Tenure: 5.2yrs
    • Compensation: HK$189.00k
  • Gilbert Tsang (48yo)

    Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: HK$360.00k
  • Xiao Shen (41yo)

    Executive Director

    • Tenure: 3.4yrs
    • Compensation: HK$4.29m
  • Quat Elizabeth (52yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: HK$360.00k
  • Zhiguang Qin (63yo)

    Non-Executive Director

    • Tenure: 1.7yrs
    • Compensation: HK$274.84k

Company Information

TUS International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TUS International Limited
  • Ticker: 872
  • Exchange: SEHK
  • Founded: 1997
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: HK$701.629m
  • Shares outstanding: 2.06b
  • Website: https://www.tus-i.com

Number of Employees


Location

  • TUS International Limited
  • Block C, SP Tower
  • 18th Floor
  • Beijing
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
872SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 2005

Biography

TUS International Limited, together with its subsidiaries, produces and sells advanced driving assistance systems and other automotive components in the People’s Republic of China. It is also involved in t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 12:46
End of Day Share Price2019/11/13 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.