TK Group (Holdings)
Market Cap
HK$2.6b
Last Updated
2021/01/22 10:19 UTC
Data Sources
Company Financials +
Executive Summary
TK Group (Holdings) Limited, an investment holding company, engages in the manufacture, sale, subcontracting, fabrication, and modification of molds and plastic components. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and undervalued.
Share Price & News
How has TK Group (Holdings)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2283 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 2283's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
3.9%
2283
5.7%
HK Machinery
5.1%
HK Market
1 Year Return
-23.9%
2283
58.2%
HK Machinery
17.5%
HK Market
Return vs Industry: 2283 underperformed the Hong Kong Machinery industry which returned 58.2% over the past year.
Return vs Market: 2283 underperformed the Hong Kong Market which returned 17.5% over the past year.
Shareholder returns
| 2283 | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.9% | 5.7% | 5.1% |
| 30 Day | 27.4% | 25.8% | 15.0% |
| 90 Day | 35.0% | 27.9% | 19.7% |
| 1 Year | -20.1%-23.9% | 62.0%58.2% | 22.1%17.5% |
| 3 Year | -31.8%-39.7% | 77.3%63.3% | -1.4%-11.8% |
| 5 Year | 103.4%62.1% | 251.6%218.9% | 73.0%43.6% |
Long-Term Price Volatility Vs. Market
How volatile is TK Group (Holdings)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
At HK$3.10, Is TK Group (Holdings) Limited (HKG:2283) Worth Looking At Closely?3 weeks ago | Simply Wall St
Is TK Group (Holdings) (HKG:2283) Likely To Turn Things Around?1 month ago | Simply Wall St
A Look At TK Group (Holdings)'s (HKG:2283) CEO RemunerationValuation
Is TK Group (Holdings) undervalued compared to its fair value and its price relative to the market?
29.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2283 (HK$3.16) is trading below our estimate of fair value (HK$4.46)
Significantly Below Fair Value: 2283 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2283 is good value based on its PE Ratio (11.5x) compared to the HK Machinery industry average (14.6x).
PE vs Market: 2283 is good value based on its PE Ratio (11.5x) compared to the Hong Kong market (12x).
Price to Earnings Growth Ratio
PEG Ratio: 2283 is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: 2283 is overvalued based on its PB Ratio (2.3x) compared to the HK Machinery industry average (1x).
Next Steps
Future Growth
How is TK Group (Holdings) forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
24.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2283's forecast earnings growth (24.2% per year) is above the savings rate (1.5%).
Earnings vs Market: 2283's earnings (24.2% per year) are forecast to grow faster than the Hong Kong market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2283's revenue (13.9% per year) is forecast to grow slower than the Hong Kong market (14.4% per year).
High Growth Revenue: 2283's revenue (13.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2283's Return on Equity is forecast to be high in 3 years time (21.7%)
Next Steps
Past Performance
How has TK Group (Holdings) performed over the past 5 years?
11.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2283 has high quality earnings.
Growing Profit Margin: 2283's current net profit margins (11.3%) are lower than last year (14.2%).
Past Earnings Growth Analysis
Earnings Trend: 2283's earnings have grown by 11.5% per year over the past 5 years.
Accelerating Growth: 2283's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2283 had negative earnings growth (-29.3%) over the past year, making it difficult to compare to the Machinery industry average (-0.9%).
Return on Equity
High ROE: 2283's Return on Equity (20.3%) is considered high.
Next Steps
Financial Health
How is TK Group (Holdings)'s financial position?
Financial Position Analysis
Short Term Liabilities: 2283's short term assets (HK$1.5B) exceed its short term liabilities (HK$868.0M).
Long Term Liabilities: 2283's short term assets (HK$1.5B) exceed its long term liabilities (HK$259.6M).
Debt to Equity History and Analysis
Debt Level: 2283's debt to equity ratio (27.5%) is considered satisfactory.
Reducing Debt: 2283's debt to equity ratio has reduced from 42.8% to 27.5% over the past 5 years.
Debt Coverage: 2283's debt is well covered by operating cash flow (173.5%).
Interest Coverage: 2283's interest payments on its debt are well covered by EBIT (862.9x coverage).
Balance Sheet
Next Steps
Dividend
What is TK Group (Holdings) current dividend yield, its reliability and sustainability?
4.43%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2283's dividend (4.43%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.06%).
High Dividend: 2283's dividend (4.43%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.48%).
Stability and Growth of Payments
Stable Dividend: 2283 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2283's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40%), 2283's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2283's dividends in 3 years are forecast to be well covered by earnings (42% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.7yrs
Average management tenure
CEO
Michael Yung (59 yo)
no data
Tenure
HK$5,478,000
Compensation
Mr. Kin Cheung Yung, also known as Michael, serves as the Chief Executive Officer at TK Group Holdings Limited. Mr. Yung has approximately 25 years of experience in plastic mold fabrication and plastic inj...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD706.68K) is above average for companies of similar size in the Hong Kong market ($USD331.93K).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | no data | HK$6.31m | 10.73% HK$ 281.6m | |
| CEO & Executive Director | no data | HK$5.48m | 6.67% HK$ 175.2m | |
| CFO, Company Secretary & Executive Director | 7.17yrs | HK$3.85m | no data | |
| Executive Director | 7.83yrs | HK$3.54m | 6.44% HK$ 169.0m | |
| Human Resources Director | 4.83yrs | no data | no data | |
| Corporate Financial Controller | 6.5yrs | no data | no data | |
| Senior Precision Mold Consultant | 3.83yrs | no data | no data |
5.7yrs
Average Tenure
59yo
Average Age
Experienced Management: 2283's management team is seasoned and experienced (5.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | no data | HK$6.31m | 10.73% HK$ 281.6m | |
| CEO & Executive Director | no data | HK$5.48m | 6.67% HK$ 175.2m | |
| CFO, Company Secretary & Executive Director | 7.17yrs | HK$3.85m | no data | |
| Executive Director | 7.83yrs | HK$3.54m | 6.44% HK$ 169.0m | |
| Independent Non-Executive Director | 7.17yrs | HK$291.00k | no data | |
| Independent Non-Executive Director | 7.17yrs | HK$291.00k | no data | |
| Independent Non-Executive Director | 1.08yrs | HK$10.00k | no data |
7.2yrs
Average Tenure
59yo
Average Age
Experienced Board: 2283's board of directors are considered experienced (7.2 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
TK Group (Holdings) Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: TK Group (Holdings) Limited
- Ticker: 2283
- Exchange: SEHK
- Founded: 1983
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: HK$2.625b
- Shares outstanding: 833.26m
- Website: https://www.tkmold.com
Number of Employees
Location
- TK Group (Holdings) Limited
- TK Technology Park
- Tangjia Community
- Shenzhen
- Guangdong Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2283 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Dec 2013 |
Biography
TK Group (Holdings) Limited, an investment holding company, engages in the manufacture, sale, subcontracting, fabrication, and modification of molds and plastic components. The company operates through two...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 10:19 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.