Executive Summary
Bank of Tianjin Co., Ltd. provides banking products and services primarily in Tianjin municipality, the People’s Republic of China.
Snowflake
Fundamentals
Flawless balance sheet and undervalued.
Share Price & News
How has Bank of Tianjin's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0%
1578
4.0%
HK Banks
3.3%
HK Market
1 Year Return
-8.7%
1578
-3.0%
HK Banks
1.6%
HK Market
Return vs Industry: 1578 underperformed the Hong Kong Banks industry which returned -3% over the past year.
Return vs Market: 1578 underperformed the Hong Kong Market which returned 1.6% over the past year.
Shareholder returns
| 1578 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 4.0% | 3.3% |
| 30 Day | -1.3% | 1.5% | -0.009% |
| 90 Day | -8.3% | -3.3% | -5.1% |
| 1 Year | -4.6%-8.7% | 2.2%-3.0% | 5.3%1.6% |
| 3 Year | -35.1%-43.3% | 17.9%1.6% | 16.1%4.4% |
| 5 Year | n/a | 30.9%0.3% | 20.4%0.3% |
Price Volatility Vs. Market
How volatile is Bank of Tianjin's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does Bank of Tianjin Co., Ltd. (HKG:1578) Have A Place In Your Dividend Portfolio?1 month ago | Simply Wall St
The Bank of Tianjin (HKG:1578) Share Price Is Down 48% So Some Shareholders Are Getting Worried2 months ago | Simply Wall St
What Kind Of Investor Owns Most Of Bank of Tianjin Co., Ltd. (HKG:1578)?Valuation
Is Bank of Tianjin undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: 1578 (HK$3.66) is trading below our estimate of fair value (HK$8.34)
Significantly Undervalued: 1578 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1578 is good value based on its PE Ratio (4.5x) compared to the Banks industry average (5.9x).
PE vs Market: 1578 is good value based on its PE Ratio (4.5x) compared to the Hong Kong market (10.4x).
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate 1578's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1578 is good value based on its PB Ratio (0.4x) compared to the HK Banks industry average (0.5x).
Next Steps
Future Growth
How is Bank of Tianjin forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
8.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1578's forecast earnings growth (8.1% per year) is above the savings rate (2%).
Earnings vs Market: 1578's earnings (8.1% per year) are forecast to grow slower than the Hong Kong market (11.3% per year).
High Growth Earnings: 1578's earnings are forecast to grow, but not significantly.
Revenue vs Market: Insufficient data to determine if 1578's revenue is forecast to grow faster than the Hong Kong market.
High Growth Revenue: Insufficient data to determine if 1578's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if 1578's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Bank of Tianjin performed over the past 5 years?
-4.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 1578's earnings have declined by -4% per year over the past 5 years.
Accelerating Growth: 1578's earnings growth over the past year (7.6%) exceeds its 5-year average (-4% per year).
Earnings vs Industry: 1578 earnings growth over the past year (7.6%) exceeded the Banks industry 5.2%.
Return on Equity
High ROE: 1578's Return on Equity (9.1%) is considered low.
Return on Assets
ROA vs Industry: 1578's Return on Assets is below or equal to the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate 1578's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is Bank of Tianjin's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: 1578 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 1578's debt is not covered by short term assets (assets are 0.8x debt).
Financial Institutions Analysis
Asset Level: 1578's level of assets compared to its equity is moderate.
Allowance for Bad Loans: 1578 has a sufficient allowance for bad loans.
Low Risk Liabilities: 1578's liabilities are made up of primarily low risk sources of funding.
Loan Level: 1578 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 1578's loans are broadly funded by customer deposits.
Level of Bad Loans: 1578 has an appropriate level of bad loans (1.72%)
Next Steps
Dividend
What is Bank of Tianjin's current dividend yield, its reliability and sustainability?
5.45%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 1578's dividend (5.45%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 1578's dividend (5.45%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).
Stable Dividend: Whilst dividend payments have been stable, 1578 has been paying a dividend for less than 10 years.
Growing Dividend: 1578's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.5%), 1578's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Bank of Tianjin's salary, the management and board of directors tenure and is there insider trading?
4.2yrs
Average management tenure
CEO
Liguo Sun (56yo)
0yrs
Tenure
CN¥344,000
Compensation
Mr. Liguo Sun has been the President of Bank of Tianjin Co., Ltd. since December 21, 2016. Mr. Sun served as Vice President of China Bohai Bank Co., Ltd. since December 2009 until June 18, 2015. Mr. Sun se ...
CEO Compensation Analysis
Compensation vs. Market: Liguo's total compensation ($USD48.61K) is too low to compare against companies of similar size in the Hong Kong market ($USD494.14K).
Compensation vs Earnings: Liguo's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.2yrs
Average Tenure
57yo
Average Age
Experienced Management: 1578's management team is considered experienced (4.2 years average tenure).
Board Age and Tenure
2.8yrs
Average Tenure
59.5yo
Average Age
Experienced Board: 1578's board of directors are not considered experienced ( 2.8 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.
Recent Insider Transactions
| Entity | Company |
| Shares | 106,993,500 |
| Max Price | CN¥9.46 |
Ownership Breakdown
Management Team
Maurice Ngai (57yo)
Joint Company Secretary
- Tenure: 4.1yrs
Liguo Sun (56yo)
President & Executive Director
- Tenure: 0yrs
- Compensation: CN¥344.00k
Furong Zhang (58yo)
VP, Company Secretary & Executive Director
- Tenure: 4.8yrs
- Compensation: CN¥431.00k
Jianfa Liang (54yo)
VP, CFO & Executive Director
- Tenure: 1.4yrs
- Compensation: CN¥666.38k
Zongtang Li (60yo)
Chairman of the Board
- Tenure: 2.7yrs
- Compensation: CN¥461.00k
Kian Chun
IR Manager
- Tenure: 0yrs
Board Members
Jia He (65yo)
Independent Non-Executive Director
- Tenure: 1.3yrs
- Compensation: CN¥120.00k
Alistair Marshall Bulloch (62yo)
Non-Executive Director
- Tenure: 10.3yrs
Qingjun Jin (62yo)
Independent Non-Executive Director
- Tenure: 2.8yrs
- Compensation: CN¥207.00k
Quinn Law (66yo)
Independent Non-Executive Director
- Tenure: 4yrs
- Compensation: CN¥207.00k
Liguo Sun (56yo)
President & Executive Director
- Tenure: 0yrs
- Compensation: CN¥344.00k
Xia Feng (47yo)
Chairwoman of the Board of Supervisors
- Tenure: 1.8yrs
Furong Zhang (58yo)
VP, Company Secretary & Executive Director
- Tenure: 4.8yrs
- Compensation: CN¥431.00k
Heping Feng (59yo)
Independent Non-Executive Director
- Tenure: 4.8yrs
- Compensation: CN¥207.00k
Jianfa Liang (54yo)
VP, CFO & Executive Director
- Tenure: 1.4yrs
- Compensation: CN¥666.38k
Zongtang Li (60yo)
Chairman of the Board
- Tenure: 2.7yrs
- Compensation: CN¥461.00k
Company Information
Bank of Tianjin Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Bank of Tianjin Co., Ltd.
- Ticker: 1578
- Exchange: SEHK
- Founded: 1996
- Industry: Regional Banks
- Sector: Banks
- Market Cap: HK$22.218b
- Shares outstanding: 6.07b
- Website: https://www.bankoftianjin.com
Number of Employees
Location
- Bank of Tianjin Co., Ltd.
- No. 15 Youyi Road
- Hexi District
- Tianjin
- 300201
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1578 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Mar 2016 |
Biography
Bank of Tianjin Co., Ltd. provides banking products and services primarily in Tianjin municipality, the People’s Republic of China. It operates through Corporate Banking, Personal Banking, and Treasury Ope ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/18 12:52 |
| End of Day Share Price | 2019/10/17 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.