Time Interconnect Technology
Market Cap
HK$598.0m
Last Updated
2020/08/07 12:51 UTC
Data Sources
Company Financials
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.
Rewards
Risk Analysis
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
| 1729 | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.2% | 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 Year | n/a | -42.8%-45.6% | 2.8%-8.2% |
| 5 Year | n/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
1 week ago | Simply Wall St
Declining Stock and Solid Fundamentals: Is The Market Wrong About Time Interconnect Technology Limited (HKG:1729)?1 month ago | Simply Wall St
Time Interconnect Technology Limited's (HKG:1729) Business And Shares Still Trailing The Market1 month ago | Simply Wall St
What Can We Make Of Time Interconnect Technology Limited’s (HKG:1729) High Return On Capital?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
- Examine whether Time Interconnect Technology is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Time Interconnect Technology competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 3.08yrs | HK$6.25m | no data | |
| CFO & Executive Director | 3.17yrs | HK$4.38m | no data | |
| Assistant General Manager of Project & Administration | no data | no data | no data | |
| Group Financial Controller | no data | no data | no data | |
| Company Secretary | 1.42yrs | no data | no data | |
| Group Assistant General Manager of Overseas Sales | no data | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 3.08yrs | HK$6.25m | no data | |
| CFO & Executive Director | 3.17yrs | HK$4.38m | no data | |
| Chairman of the Board | 3.08yrs | HK$490.00k | no data | |
| Independent Non-Executive Director | 2.58yrs | HK$370.00k | no data | |
| Independent Non-Executive Director | 2.58yrs | HK$370.00k | no data | |
| Independent Non-Executive Director | 2.58yrs | HK$370.00k | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1729 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Feb 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/07 12:51 |
| End of Day Share Price | 2020/08/07 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
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.