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1979

Ten Pao Group Holdings SEHK:1979 Stock Report

Last Price

HK$1.23

Market Cap

HK$1.2b

7D

-7.5%

1Y

-41.7%

Updated

25 Jun, 2022

Data

Company Financials +
1979 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth5/6
Past Performance4/6
Financial Health5/6
Dividends3/6

1979 Stock Overview

Ten Pao Group Holdings Limited, an investment holding company, develops, manufactures, and sells electric charging products in the People’s Republic of China, the rest of Asia, the United States, Europe, Africa, and internationally.

Ten Pao Group Holdings Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Ten Pao Group Holdings
Historical stock prices
Current Share PriceHK$1.23
52 Week HighHK$2.62
52 Week LowHK$1.17
Beta1.19
1 Month Change-3.91%
3 Month Change-34.23%
1 Year Change-41.71%
3 Year Change51.85%
5 Year Change-37.25%
Change since IPO0.82%

Recent News & Updates

May 16
Ten Pao Group Holdings (HKG:1979) Is Increasing Its Dividend To HK$0.056

Ten Pao Group Holdings (HKG:1979) Is Increasing Its Dividend To HK$0.056

Ten Pao Group Holdings Limited ( HKG:1979 ) will increase its dividend on the 15th of August to HK$0.056, which is 1.8...

May 02
Ten Pao Group Holdings (HKG:1979) Has Announced That It Will Be Increasing Its Dividend To HK$0.056

Ten Pao Group Holdings (HKG:1979) Has Announced That It Will Be Increasing Its Dividend To HK$0.056

Ten Pao Group Holdings Limited ( HKG:1979 ) has announced that it will be increasing its dividend on the 15th of August...

Shareholder Returns

1979HK ElectricalHK Market
7D-7.5%3.6%2.1%
1Y-41.7%-2.2%-23.3%

Return vs Industry: 1979 underperformed the Hong Kong Electrical industry which returned -2.2% over the past year.

Return vs Market: 1979 underperformed the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 1979's price volatile compared to industry and market?
1979 volatility
1979 Average Weekly Movement6.1%
Electrical Industry Average Movement7.8%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.8%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 1979 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 1979's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19798,000Kwong Yee Hunghttps://www.tenpao.com

Ten Pao Group Holdings Limited, an investment holding company, develops, manufactures, and sells electric charging products in the People’s Republic of China, the rest of Asia, the United States, Europe, Africa, and internationally. It operates through six segments: Telecommunication, Media and Entertainment, Electrical Home Appliances, Lighting, Smart Chargers and Controllers, and Others. The company offers switching power supply units, such as quick chargers, wireless chargers, and adapters; LED power supply products; electric vehicle chargers; switched-mode power supply units; power tools; power inverters; and other power supply solutions for clients in the security, industrial automation and control system, machinery, electrical equipment, and communication applications.

Ten Pao Group Holdings Fundamentals Summary

How do Ten Pao Group Holdings's earnings and revenue compare to its market cap?
1979 fundamental statistics
Market CapHK$1.23b
Earnings (TTM)HK$378.62m
Revenue (TTM)HK$6.36b

3.3x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1979 income statement (TTM)
RevenueHK$6.36b
Cost of RevenueHK$5.30b
Gross ProfitHK$1.06b
Other ExpensesHK$681.70m
EarningsHK$378.62m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.38
Gross Margin16.66%
Net Profit Margin5.95%
Debt/Equity Ratio44.3%

How did 1979 perform over the long term?

See historical performance and comparison

Dividends

9.2%

Current Dividend Yield

30%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 1979 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1979?

Other financial metrics that can be useful for relative valuation.

1979 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA2.5x
PEG Ratio0.2x

Price to Earnings Ratio vs Peers

How does 1979's PE Ratio compare to its peers?

1979 PE Ratio vs Peers
The above table shows the PE ratio for 1979 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21.9x

Price-To-Earnings vs Peers: 1979 is good value based on its Price-To-Earnings Ratio (3.3x) compared to the peer average (21.9x).


Price to Earnings Ratio vs Industry

How does 1979's PE Ratio compare vs other companies in the Hong Kong Electrical Industry?

Price-To-Earnings vs Industry: 1979 is good value based on its Price-To-Earnings Ratio (3.3x) compared to the Hong Kong Electrical industry average (12.6x)


Price to Earnings Ratio vs Fair Ratio

What is 1979's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1979 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.3x
Fair PE Ratio6.4x

Price-To-Earnings vs Fair Ratio: 1979 is good value based on its Price-To-Earnings Ratio (3.3x) compared to the estimated Fair Price-To-Earnings Ratio (6.4x).


Share Price vs Fair Value

What is the Fair Price of 1979 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1979 (HK$1.23) is trading below our estimate of fair value (HK$11.76)

Significantly Below Fair Value: 1979 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 1979 is good value based on its PEG Ratio (0.2x)


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Future Growth

How is Ten Pao Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1979's forecast earnings growth (20.4% per year) is above the savings rate (1.5%).

Earnings vs Market: 1979's earnings (20.4% per year) are forecast to grow faster than the Hong Kong market (17% per year).

High Growth Earnings: 1979's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1979's revenue (17.5% per year) is forecast to grow faster than the Hong Kong market (10.2% per year).

High Growth Revenue: 1979's revenue (17.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1979's Return on Equity is forecast to be high in 3 years time (31.4%)


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Past Performance

How has Ten Pao Group Holdings performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


22.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1979 has a high level of non-cash earnings.

Growing Profit Margin: 1979's current net profit margins (6%) are lower than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: 1979's earnings have grown significantly by 22.4% per year over the past 5 years.

Accelerating Growth: 1979's earnings growth over the past year (31%) exceeds its 5-year average (22.4% per year).

Earnings vs Industry: 1979 earnings growth over the past year (31%) exceeded the Electrical industry -7.1%.


Return on Equity

High ROE: 1979's Return on Equity (29.7%) is considered high.


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Financial Health

How is Ten Pao Group Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1979's short term assets (HK$2.8B) exceed its short term liabilities (HK$2.5B).

Long Term Liabilities: 1979's short term assets (HK$2.8B) exceed its long term liabilities (HK$400.9M).


Debt to Equity History and Analysis

Debt Level: 1979's net debt to equity ratio (21.1%) is considered satisfactory.

Reducing Debt: 1979's debt to equity ratio has increased from 39.5% to 44.3% over the past 5 years.

Debt Coverage: 1979's debt is well covered by operating cash flow (42.3%).

Interest Coverage: 1979's interest payments on its debt are well covered by EBIT (109.2x coverage).


Balance Sheet


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Dividend

What is Ten Pao Group Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


9.19%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 1979's dividend (9.19%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.74%).

High Dividend: 1979's dividend (9.19%) is in the top 25% of dividend payers in the Hong Kong market (7.89%)


Stability and Growth of Payments

Stable Dividend: 1979 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1979's dividend payments have increased, but the company has only paid a dividend for 6 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (29.9%), 1979's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 1979 is paying a dividend but the company has no free cash flows.


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Management

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

7.0yrs

Average management tenure


CEO

Kwong Yee Hung (63 yo)

no data

Tenure

HK$16,826,000

Compensation

Mr. Kwong Yee Hung serves as the Chief Executive Officer at Ten Pao Group Holdings Limited. Mr. Hung has been chairman at Ten Pao Group Holdings Limited since June 2015 and Executive Director since January...


CEO Compensation Analysis

Compensation vs Market: Kwong Yee's total compensation ($USD2.14M) is above average for companies of similar size in the Hong Kong market ($USD305.47K).

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


Leadership Team

Experienced Management: 1979's management team is seasoned and experienced (7 years average tenure).


Board Members

Experienced Board: 1979's board of directors are considered experienced (6.6 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Ten Pao Group Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Ten Pao Group Holdings Limited
  • Ticker: 1979
  • Exchange: SEHK
  • Founded: 1979
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: HK$1.231b
  • Shares outstanding: 1.00b
  • Website: https://www.tenpao.com

Number of Employees


Location

  • Ten Pao Group Holdings Limited
  • Kwong Sang Hong Centre
  • Room 610-612
  • Kwun Tong
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.