SEHK:1729

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Time Interconnect Technology

Executive Summary

Time Interconnect Technology Limited, an investment holding company, manufactures and sells cable assembly products in the People's Republic of China, the United States, the Netherlands, Hong Kong, and internationally.


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has Time Interconnect Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1729 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.2%

1729

6.3%

HK Electrical

2.5%

HK Market


1 Year Return

-37.3%

1729

-3.9%

HK Electrical

6.1%

HK Market

Return vs Industry: 1729 underperformed the Hong Kong Electrical industry which returned -3.9% over the past year.

Return vs Market: 1729 underperformed the Hong Kong Market which returned 6.1% over the past year.


Shareholder returns

1729IndustryMarket
7 Day3.2%6.3%2.5%
30 Day-12.3%4.8%-0.6%
90 Day-3.0%9.5%9.1%
1 Year-33.0%-37.3%-2.4%-3.9%10.5%6.1%
3 Yearn/a-42.8%-45.6%2.8%-8.2%
5 Yearn/a-52.5%-55.6%14.1%-5.0%

Price Volatility Vs. Market

How volatile is Time Interconnect Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Time Interconnect Technology 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: 1729 (HK$0.32) is trading below our estimate of fair value (HK$0.7)

Significantly Below Fair Value: 1729 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1729 is good value based on its PE Ratio (4.6x) compared to the HK Electrical industry average (10.8x).

PE vs Market: 1729 is good value based on its PE Ratio (4.6x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1729's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1729 is overvalued based on its PB Ratio (1x) compared to the HK Electrical industry average (0.6x).


Next Steps

Future Growth

How is Time Interconnect Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.6%

Forecasted Capital Goods 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 Time Interconnect Technology 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 Time Interconnect Technology performed over the past 5 years?

11.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1729 has high quality earnings.

Growing Profit Margin: 1729's current net profit margins (8.9%) are lower than last year (9.3%).


Past Earnings Growth Analysis

Earnings Trend: 1729's earnings have grown by 11.6% per year over the past 5 years.

Accelerating Growth: 1729's earnings growth over the past year (4.3%) is below its 5-year average (11.6% per year).

Earnings vs Industry: 1729 earnings growth over the past year (4.3%) underperformed the Electrical industry 9.9%.


Return on Equity

High ROE: 1729's Return on Equity (21.2%) is considered high.


Next Steps

Financial Health

How is Time Interconnect Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 1729's short term assets (HK$764.5M) exceed its short term liabilities (HK$398.6M).

Long Term Liabilities: 1729's short term assets (HK$764.5M) exceed its long term liabilities (HK$39.8M).


Debt to Equity History and Analysis

Debt Level: 1729's debt to equity ratio (6.6%) is considered satisfactory.

Reducing Debt: 1729's debt to equity ratio has reduced from 140.5% to 6.6% over the past 5 years.

Debt Coverage: 1729's debt is well covered by operating cash flow (368.2%).

Interest Coverage: 1729's interest payments on its debt are well covered by EBIT (41.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Time Interconnect Technology current dividend yield, its reliability and sustainability?

7.81%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 1729's dividend (7.81%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).

High Dividend: 1729's dividend (7.81%) is in the top 25% of dividend payers in the Hong Kong market (6.86%)


Stability and Growth of Payments

Stable Dividend: 1729 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1729's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.9%), 1729'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

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Simon Cua (58 yo)

3.08yrs

Tenure

HK$6,248,000

Compensation

Mr. Tin Yin Cua, also known as Simon, has been Chief Executive Officer and Executive Director of Time Interconnect Technology Limited since July 10, 2017. Mr. Cua also served as Director Time Interconnect ...


CEO Compensation Analysis

Compensation vs Market: Simon's total compensation ($USD806.17K) is above average for companies of similar size in the Hong Kong market ($USD230.84K).

Compensation vs Earnings: Simon's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Tin Yin Cua
CEO & Executive Director3.08yrsHK$6.25mno data
Chi Kuen Wong
CFO & Executive Director3.17yrsHK$4.38mno data
Yinfa Zhou
Assistant General Manager of Project & Administrationno datano datano data
Yangwang Zhan
Group Financial Controllerno datano datano data
Hoi Ying Ng
Company Secretary1.42yrsno datano data
Yuezhong Li
Group Assistant General Manager of Overseas Salesno datano datano data

3.1yrs

Average Tenure

52.5yo

Average Age

Experienced Management: 1729's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tin Yin Cua
CEO & Executive Director3.08yrsHK$6.25mno data
Chi Kuen Wong
CFO & Executive Director3.17yrsHK$4.38mno data
Chung Wai Lo
Chairman of the Board3.08yrsHK$490.00kno data
Hin Shun Ho
Independent Non-Executive Director2.58yrsHK$370.00kno data
Chung Shun Eric Chan
Independent Non-Executive Director2.58yrsHK$370.00kno data
Wai Shing Luk
Independent Non-Executive Director2.58yrsHK$370.00kno data

2.8yrs

Average Tenure

55yo

Average Age

Experienced Board: 1729's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Time Interconnect Technology Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Time Interconnect Technology Limited
  • Ticker: 1729
  • Exchange: SEHK
  • Founded: 1992
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: HK$598.000m
  • Shares outstanding: 1.84b
  • Website: https://www.time-interconnect.com

Number of Employees


Location

  • Time Interconnect Technology Limited
  • Unit 601, Photonics Centre
  • 6th Floor
  • Sha Tin
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1729SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDFeb 2018

Biography

Time Interconnect Technology Limited, an investment holding company, manufactures and sells cable assembly products in the People's Republic of China, the United States, the Netherlands, Hong Kong, and int ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 12:51
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.