Time Interconnect Technology
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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
1 Year Returns
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.
1729 Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Time Interconnect Technology.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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?
| 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 |
| 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.
Value checks
We assess Time Interconnect Technology's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check) 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
- 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| Date (Data in HKD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| 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.
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.
| Date (Data in HKD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| 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.
Future performance checks
We assess Time Interconnect Technology's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Time Interconnect Technology Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Time Interconnect Technology's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Time Interconnect Technology Company Filings, last reported 3 months ago.
| 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).
Financial health checks
We assess Time Interconnect Technology's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Time Interconnect Technology has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
HK$2,000 of
Time Interconnect Technology
shares you are expected to receive
HK$136
in your first year as a dividend.
Dividend Amount
- Time Interconnect Technology's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.09%).
- Time Interconnect Technology's dividend is above the markets top 25% of dividend payers in Hong Kong (5.74%).
Upcoming dividend payment
Purchase Time Interconnect Technology before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Electrical Industry Average Dividend Yield | Market Cap Weighted Average of 10 Stocks | 2.3% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 978 Stocks | 3.6% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in HK$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
| 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.
Income/ dividend checks
We assess Time Interconnect Technology's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Time Interconnect Technology management team is about average.
Management Team
Simon Cua
CEO & Executive Director
HK$4M
57
2 yrs
Chi Kuen Wong
CFO & Executive Director
HK$3M
54
2 yrs
Yinfa Zhou
Assistant General Manager of Project & Administration
53
Xilin Zhong
Assistant General Manager of Sales
38
Yangwang Zhan
Assistant Financial Controller
45
Hoi Ying Ng
Company Secretary
32
0.3 yrs
Board of Directors Tenure
Average tenure and age of the Time Interconnect Technology board of directors in years:
- 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
Chairman of the Board
HK$120K
71
2 yrs
Simon Cua
CEO & Executive Director
HK$4M
57
2.1 yrs
Chi Kuen Wong
CFO & Executive Director
HK$3M
54
2.1 yrs
Hin Shun Ho
Independent Non-Executive Director
HK$31K
53
1.5 yrs
Chung Shun Eric Chan
Independent Non-Executive Director
HK$31K
52
1.5 yrs
Wai Shing Luk
Independent Non-Executive Director
HK$31K
49
1.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Time Interconnect Technology's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleHere'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 - – Full articleWhy 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 - – Full articleDoes 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 - – Full articleShould 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 - – Full articleWhat 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 - – Full articleShould 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 - – Full articleHere'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 - – Full articleWhat 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 - – Full articleCould 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 - – Full article1729 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
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.
