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Time Interconnect Technology

SEHK:1729
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1729
SEHK
HK$1B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

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. The last earnings update was 28 days ago. More info.


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  • Time Interconnect Technology has significant price volatility in the past 3 months.
1729 Share Price and Events
7 Day Returns
-3.3%
SEHK:1729
-1.5%
HK Electrical
-0.2%
HK Market
1 Year Returns
55.3%
SEHK:1729
-28.9%
HK Electrical
-4.5%
HK Market
1729 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Time Interconnect Technology (1729) -3.3% -4.8% -38.5% 55.3% - -
HK Electrical -1.5% -4.6% -19.6% -28.9% -35.4% -37.4%
HK Market -0.2% 2.7% -8.3% -4.5% 16.5% 1%
1 Year Return vs Industry and Market
  • 1729 outperformed the Electrical industry which returned -28.9% over the past year.
  • 1729 outperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

1729 Value

 Is Time Interconnect Technology 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 Time Interconnect Technology 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 Time Interconnect Technology.

SEHK:1729 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 9.7%
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:1729
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.185 (1 + (1- 25%) (4.54%))
1.151
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.151 * 6.65%)
9.65%

Discounted Cash Flow Calculation for SEHK:1729 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Time Interconnect Technology 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:1729 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 9.65%)
2020 169.59 Est @ 7.16% 154.66
2021 179.11 Est @ 5.61% 148.96
2022 187.23 Est @ 4.53% 142.00
2023 194.29 Est @ 3.77% 134.38
2024 200.59 Est @ 3.24% 126.53
2025 206.35 Est @ 2.87% 118.70
2026 211.73 Est @ 2.61% 111.07
2027 216.87 Est @ 2.43% 103.75
2028 221.86 Est @ 2.3% 96.79
2029 226.77 Est @ 2.21% 90.22
Present value of next 10 years cash flows HK$1,227.07
SEHK:1729 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$226.77 × (1 + 2%) ÷ (9.65% – 2%)
HK$3,023.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$3,023.05 ÷ (1 + 9.65%)10
HK$1,202.76
SEHK:1729 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$1,227.07 + HK$1,202.76
HK$2,429.83
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$2,429.83 / 1,840.00
HK$1.32
SEHK:1729 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$1.32
Current discount Discount to share price of HK$0.59
= -1 x (HK$0.59 - HK$1.32) / HK$1.32
55.3%

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

Current Discount
Amount off the current price Time Interconnect Technology is available for.
Intrinsic value
>50%
Share price is HK$0.59 vs Future cash flow value of HK$1.32
Current Discount Checks
For Time Interconnect Technology to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Time Interconnect Technology's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Time Interconnect Technology's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Time Interconnect Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Time Interconnect Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1729 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$0.07
SEHK:1729 Share Price ** SEHK (2019-07-19) in HKD HK$0.59
Hong Kong Electrical Industry PE Ratio Median Figure of 23 Publicly-Listed Electrical Companies 10.6x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.72x

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

** Primary Listing of Time Interconnect Technology.

SEHK:1729 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1729 Share Price ÷ EPS (both in HKD)

= 0.59 ÷ 0.07

8.83x

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

  • Time Interconnect Technology is good value based on earnings compared to the HK Electrical industry average.
  • Time Interconnect Technology is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Time Interconnect Technology's expected growth come at a high price?
Raw Data
SEHK:1729 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-7.6%per year
Hong Kong Electrical Industry PEG Ratio Median Figure of 9 Publicly-Listed Electrical Companies 0.96x
Hong Kong Market PEG Ratio Median Figure of 479 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 Time Interconnect Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Time Interconnect Technology's assets?
Raw Data
SEHK:1729 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$0.30
SEHK:1729 Share Price * SEHK (2019-07-19) in HKD HK$0.59
Hong Kong Electrical Industry PB Ratio Median Figure of 34 Publicly-Listed Electrical Companies 0.62x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:1729 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1729 Share Price ÷ Book Value per Share (both in HKD)

= 0.59 ÷ 0.30

1.98x

* Primary Listing of Time Interconnect Technology.

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

  • Time Interconnect Technology is overvalued based on assets compared to the HK Electrical industry average.
X
Value checks
We assess Time Interconnect Technology'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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. Time Interconnect Technology has a total score of 4/6, 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.

1729 Future Performance

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

  • No analysts cover Time Interconnect Technology, 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
-7.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Time Interconnect Technology expected to grow at an attractive rate?
  • Time Interconnect Technology's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Time Interconnect Technology's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Time Interconnect Technology's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1729 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1729 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -7.6%
Hong Kong Electrical Industry Earnings Growth Rate Market Cap Weighted Average 8.2%
Hong Kong Electrical Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*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:1729 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1729 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1729 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,314 123
2018-09-30 1,456 162 140
2018-06-30 1,347 167 136
2018-03-31 1,238 172 132
2017-03-31 865 12 82

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Time Interconnect Technology's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Time Interconnect Technology 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:1729 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Time Interconnect Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1729 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1729 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 0.07
2018-09-30 0.08
2018-06-30 0.08
2018-03-31 0.09
2017-03-31 0.06

*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 Time Interconnect Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Time Interconnect Technology'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.
Time Interconnect Technology 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.

1729 Past Performance

  How has Time Interconnect Technology 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 Time Interconnect Technology's growth in the last year to its industry (Electrical).
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.
  • Time Interconnect Technology's year on year earnings growth rate has been positive over the past 5 years.
  • Time Interconnect Technology's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Time Interconnect Technology's 1-year earnings growth is negative, it can't be compared to the HK Electrical industry average.
Earnings and Revenue History
Time Interconnect Technology'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 Time Interconnect Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1729 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,314.39 122.93 81.11 45.67
2018-09-30 1,455.53 140.45 73.80 46.49
2018-06-30 1,346.95 136.29 64.17 43.70
2018-03-31 1,238.37 132.12 54.55 40.91
2017-03-31 864.57 81.68 44.90 28.22
2016-03-31 911.59 71.60 48.62 24.30
2015-03-31 941.48 66.72 73.17 24.03

*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.
  • Time Interconnect Technology has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Time Interconnect Technology used its assets more efficiently than the HK Electrical industry average last year based on Return on Assets.
  • Time Interconnect Technology's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Time Interconnect Technology'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 Electrical 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.
Time Interconnect Technology 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.

1729 Health

 How is Time Interconnect Technology'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 Time Interconnect Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Time Interconnect Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Time Interconnect Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Time Interconnect Technology'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 12.8x 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 Time Interconnect Technology Company Filings, last reported 3 months ago.

SEHK:1729 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 549.08 49.23 227.88
2018-09-30 517.69 16.38 343.84
2018-06-30 517.69 16.38 343.84
2018-03-31 458.72 41.53 282.95
2017-03-31 121.26 143.76 46.07
2016-03-31 193.68 69.59 71.19
2015-03-31 140.45 198.45 87.04
  • Time Interconnect Technology's level of debt (9%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Time Interconnect Technology's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (329.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 500.2x coverage).
X
Financial health checks
We assess Time Interconnect Technology'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. Time Interconnect Technology has a total score of 5/6, 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.

1729 Dividends

 What is Time Interconnect Technology'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
6.78%
Current annual income from Time Interconnect Technology dividends.
If you bought HK$2,000 of Time Interconnect Technology shares you are expected to receive HK$136 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?
  • Time Interconnect Technology's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.09%).
  • Time Interconnect Technology's dividend is above the markets top 25% of dividend payers in Hong Kong (5.74%).
Upcoming dividend payment

Purchase Time Interconnect Technology before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:1729 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 Electrical Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.3%
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:1729 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:1729 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-06-21 0.040 6.455
2018-12-19 0.020 3.182
2018-11-23 0.020 4.262
2018-09-10 0.010 2.942

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

  • It is too early to tell whether Time Interconnect Technology has stable dividend payments.
  • Time Interconnect Technology only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Time Interconnect Technology's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x 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 Time Interconnect Technology'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 Time Interconnect Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Time Interconnect Technology has a total score of 3/6, see the detailed checks below.


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

1729 Management

 What is the CEO of Time Interconnect Technology'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
Simon Cua
COMPENSATION HK$3,858,600
AGE 57
TENURE AS CEO 2 years
CEO Bio

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 Technology Limited since June 15, 2017. Mr. Cua is responsible for overall corporate management, operations and business development. He also plays a critical role in formulating the strategies and driving the sustainable growth of the Group with new opportunities. Mr. Cua has gathered extensive experiences in the electronics and cable industry in the PRC since the 1980s. Prior to joining the Group in 1992, Mr. Cua started his career with Gold Peak Group (i.e. Gold Peak Industries (Holdings) Limited (“Gold Peak”) and its subsidiaries). From 2007 to 2014, Mr. Cua was a director of Lingsen Precision Industries, Ltd. Mr. Cua is one of the founding members of the China Overseas Chinese Entrepreneurs Association (“COCEA”) and has been a member of COCEA since January 2008. He has also been elected as a council member of International Cablemakers Federation since 2014. He is currently a member of Hong Kong-Shanghai Economic Development Association, the director of Shanghai Chinese Overseas Friendship Association and the executive committee member of Hong Kong Electronic Industries Association and Hong Kong Electronics Industry Council. Mr. Cua was honoured with the Young Industrialist Awards of Hong Kong in December 2001 and became as awardee member of Hong Kong Young Industrialists Council. Mr. Cua obtained a Master of Business Administration in October 2005 and was further awarded honorary Doctorate of Laws (LL.D.) in May 2015 from The University of Western Ontario, Canada.

CEO Compensation
  • Insufficient data for Simon to compare compensation growth.
  • Simon's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Time Interconnect Technology management team in years:

2
Average Tenure
49
Average Age
  • The tenure for the Time Interconnect Technology management team is about average.
Management Team

Simon Cua

TITLE
CEO & Executive Director
COMPENSATION
HK$4M
AGE
57
TENURE
2 yrs

Chi Kuen Wong

TITLE
CFO & Executive Director
COMPENSATION
HK$3M
AGE
54
TENURE
2 yrs

Yinfa Zhou

TITLE
Assistant General Manager of Project & Administration
AGE
53

Xilin Zhong

TITLE
Assistant General Manager of Sales
AGE
38

Yangwang Zhan

TITLE
Assistant Financial Controller
AGE
45

Hoi Ying Ng

TITLE
Company Secretary
AGE
32
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Time Interconnect Technology board of directors in years:

1.8
Average Tenure
53.5
Average Age
  • The average tenure for the Time Interconnect Technology board of directors is less than 3 years, this suggests a new board.
Board of Directors

Paul Lo

TITLE
Chairman of the Board
COMPENSATION
HK$120K
AGE
71
TENURE
2 yrs

Simon Cua

TITLE
CEO & Executive Director
COMPENSATION
HK$4M
AGE
57
TENURE
2.1 yrs

Chi Kuen Wong

TITLE
CFO & Executive Director
COMPENSATION
HK$3M
AGE
54
TENURE
2.1 yrs

Hin Shun Ho

TITLE
Independent Non-Executive Director
COMPENSATION
HK$31K
AGE
53
TENURE
1.5 yrs

Chung Shun Eric Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$31K
AGE
52
TENURE
1.5 yrs

Wai Shing Luk

TITLE
Independent Non-Executive Director
COMPENSATION
HK$31K
AGE
49
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Time Interconnect Technology'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. Time Interconnect Technology 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.

1729 News

Simply Wall St News

What Can We Make Of Time Interconnect Technology Limited’s (HKG:1729) High Return On Capital?

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 Time Interconnect Technology: 0.28 = HK$153m ÷ (HK$891m - HK$341m) (Based on the trailing twelve months to March 2019.) So, Time Interconnect Technology has an ROCE of 28%. … Time Interconnect Technology's Current Liabilities And Their Impact On Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … Time Interconnect Technology's ROCE is boosted somewhat by its middling amount of current liabilities.

Simply Wall St -

Here's Why I Think Time Interconnect Technology (HKG:1729) Might Deserve Your Attention Today

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' So if you're like me, you might be more interested in profitable, growing companies, like Time Interconnect Technology (HKG:1729). … Check out our latest analysis for Time Interconnect Technology How Fast Is Time Interconnect Technology Growing? … Time Interconnect Technology maintained stable EBIT margins over the last year, all while growing revenue 38% to HK$1.5b.

Simply Wall St -

Why Time Interconnect Technology Limited (HKG:1729) Could Have A Place In Your Portfolio

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Time Interconnect Technology Limited (HKG:1729) due to its excellent fundamentals in more than one area.

Simply Wall St -

Does Time Interconnect Technology Limited's (HKG:1729) P/E Ratio Signal A Buying Opportunity?

We'll show how you can use Time Interconnect Technology Limited's (HKG:1729) P/E ratio to inform your assessment of the investment opportunity. … Time Interconnect Technology has a price to earnings ratio of 9.8, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Like Time Interconnect Technology Limited’s (HKG:1729) High Return On Capital Employed?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

What Kind Of Shareholders Own Time Interconnect Technology Limited (HKG:1729)?

If you want to know who really controls Time Interconnect Technology Limited (HKG:1729), then you'll have to look at the makeup of its share registry. … With a market capitalization of HK$1.2b, Time Interconnect Technology is a small cap stock, so it might not be well known by many institutional investors. … institutions are not on the share registry.

Simply Wall St -

Should You Be Excited About Time Interconnect Technology Limited's (HKG:1729) 27% Return On Equity?

Our data shows Time Interconnect Technology has a return on equity of 27% for the last year. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.27 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Here's What Time Interconnect Technology Limited's (HKG:1729) P/E Ratio Is Telling Us

We'll look at Time Interconnect Technology Limited's (HKG:1729) P/E ratio and reflect on what it tells us about the company's share price. … Time Interconnect Technology has a price to earnings ratio of 5.57, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Should You Know About Time Interconnect Technology Limited's (HKG:1729) Return On Capital?

and want to better understand how you can grow your money by investing in Time Interconnect Technology Limited (HKG:1729). … Thus, to understand how your money can grow by investing in Time Interconnect Technology, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … What is Return on Capital Employed (ROCE)?

Simply Wall St -

Could Time Interconnect Technology Limited's (HKG:1729) Investor Composition Influence The Stock Price?

Every investor in Time Interconnect Technology Limited (HKG:1729) should be aware of the most powerful shareholder groups. … Time Interconnect Technology is not a large company by global standards. … See our latest analysis for Time Interconnect Technology

Simply Wall St -

1729 Company Info

Description

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. The company offers copper and optical fiber cable assemblies. It serves customers in the telecommunication, data center, industrial equipment, and medical equipment sectors. The company was founded in 1992 and is headquartered in Shatin, Hong Kong. Time Interconnect Technology Limited is a subsidiary of Time Interconnect Holdings Limited.

Details
Name: Time Interconnect Technology Limited
1729
Exchange: SEHK
Founded: 1992
HK$1,085,600,000
1,840,000,000
Website: http://www.time-interconnect.com
Address: Time Interconnect Technology Limited
Photonics Centre,
Unit 601, 6th Floor,
Shatin,
New Territories, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1729 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 13. Feb 2018
Number of employees
Current staff
Staff numbers
2,033
Time Interconnect Technology employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 13:14
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2018/01/26
Last earnings filing: 2019/06/21
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.