SEHK:445

Stock Analysis Report

Executive Summary

CIMC-TianDa Holdings Company Limited, an investment holding company, manufactures and sells airport equipment in the People's Republic of China, rest of Asia, North America, Europe, the Middle East, Africa, South America, and Oceania.


Snowflake Analysis

Excellent balance sheet with proven track record.


Similar Companies

Share Price & News

How has CIMC-TianDa Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 445's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.6%

445

-2.7%

HK Machinery

-3.3%

HK Market


1 Year Return

-16.5%

445

13.9%

HK Machinery

-9.6%

HK Market

Return vs Industry: 445 underperformed the Hong Kong Machinery industry which returned 13.9% over the past year.

Return vs Market: 445 underperformed the Hong Kong Market which returned -9.6% over the past year.


Shareholder returns

445IndustryMarket
7 Day-5.6%-2.7%-3.3%
30 Day-14.0%-1.0%-3.8%
90 Day-4.2%8.5%-0.2%
1 Year-16.5%-16.5%17.2%13.9%-6.3%-9.6%
3 Yearn/a53.2%43.6%11.2%-0.05%
5 Yearn/a57.6%44.2%12.7%-6.0%

Price Volatility Vs. Market

How volatile is CIMC-TianDa Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CIMC-TianDa Holdings undervalued compared to its fair value and its price relative to the market?

13.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 445's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 445's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 445 is poor value based on its PE Ratio (13.6x) compared to the Machinery industry average (10x).

PE vs Market: 445 is poor value based on its PE Ratio (13.6x) compared to the Hong Kong market (9.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 445's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 445 is good value based on its PB Ratio (0.8x) compared to the HK Machinery industry average (1x).


Next Steps

Future Growth

How is CIMC-TianDa Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.7%

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 CIMC-TianDa Holdings 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

Past Performance

How has CIMC-TianDa Holdings performed over the past 5 years?

21.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 445 has high quality earnings.

Growing Profit Margin: 445's current net profit margins (5.8%) are lower than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: 445's earnings have grown significantly by 21.9% per year over the past 5 years.

Accelerating Growth: 445's earnings growth over the past year (25.6%) exceeds its 5-year average (21.9% per year).

Earnings vs Industry: 445 earnings growth over the past year (25.6%) exceeded the Machinery industry 7.3%.


Return on Equity

High ROE: 445's Return on Equity (5.7%) is considered low.


Next Steps

Financial Health

How is CIMC-TianDa Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 445's short term assets (CN¥4.7B) exceed its short term liabilities (CN¥3.8B).

Long Term Liabilities: 445's short term assets (CN¥4.7B) exceed its long term liabilities (CN¥411.2M).


Debt to Equity History and Analysis

Debt Level: 445's debt to equity ratio (28.8%) is considered satisfactory.

Reducing Debt: 445's debt to equity ratio has reduced from 38.5% to 28.8% over the past 5 years.

Debt Coverage: 445's debt is not well covered by operating cash flow (9.4%).

Interest Coverage: 445's interest payments on its debt are well covered by EBIT (7.6x coverage).


Balance Sheet

Inventory Level: 445 has a high level of physical assets or inventory.

Debt Coverage by Assets: 445's debt is covered by short term assets (assets are 4.6x debt).


Next Steps

Dividend

What is CIMC-TianDa Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 445's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 445's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 445's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 445's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 445's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

Zu Hua Zheng (56yo)

3.8yrs

Tenure

CN¥2,663,000

Compensation

Mr. Zu Hua Zheng has been the Chief Executive Officer of China Fire Safety Enterprise Group Limited since April 2016. Mr. Zheng has been Executive Director and Chief Executive Officer at CIMC-TianDa Holdin ...


CEO Compensation Analysis

Compensation vs Market: Zu Hua's total compensation ($USD341.68K) is about average for companies of similar size in the Hong Kong market ($USD341.79K).

Compensation vs Earnings: Insufficient data to compare Zu Hua's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Zu Hua Zheng
CEO & Executive Director3.8yrsCN¥2.66mno data
Xiong Jiang
Honorary Chairman & Executive Director0yrsCN¥1.28m6.78% CN¥203.2m
Wenyuan Zhu
General Manager of Finance & Fund Management Department4.1yrsno datano data
Fucheng Yan
EVP, GM - the Intralogistics Div3.8yrsno datano data
De Feng Wang
President of Sichuan Chuanxiao Fire Trucks Manufacturing Co.0yrsno datano data
Ching Wah Li
Company Secretary0yrsno datano data
Kok Hua Low
Senior Adviser4.8yrsno datano data

4.0yrs

Average Tenure

56yo

Average Age

Experienced Management: 445's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zu Hua Zheng
CEO & Executive Director3.8yrsCN¥2.66mno data
Xiong Jiang
Honorary Chairman & Executive Director0yrsCN¥1.28m6.78% CN¥203.2m
Yuqun Yu
Non-Executive Director7.4yrsno datano data
Yin Hui Li
Non-Executive Chairman5.5yrsno datano data
Ja Wei Heng
Independent Non-Executive Director10.9yrsCN¥203.00kno data
Han Zeng
Non-Executive Director0.2yrsno datano data
Loke Yu
Independent Non-Executive Director13.5yrsCN¥203.00kno data
Ho Man
Independent Non-Executive Director4.6yrsCN¥203.00kno data
Kuan Tao
Non-Executive Director0.2yrsno datano data

5.0yrs

Average Tenure

51yo

Average Age

Experienced Board: 445's board of directors are considered experienced (5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 83.8%.


Top Shareholders

Company Information

CIMC-TianDa Holdings Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CIMC-TianDa Holdings Company Limited
  • Ticker: 445
  • Exchange: SEHK
  • Founded:
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: HK$2.996b
  • Shares outstanding: 14.47b
  • Website: https://www.cimc-tianda.com

Number of Employees


Location

  • CIMC-TianDa Holdings Company Limited
  • China Overseas Building
  • 16th Floor
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
445SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDApr 2018

Biography

CIMC-TianDa Holdings Company Limited, an investment holding company, manufactures and sells airport equipment in the People's Republic of China, rest of Asia, North America, Europe, the Middle East, Africa, South America, and Oceania. It operates through four segments: Passengers Boarding Bridge and Automated Parking System, Ground Support Equipment, Logistics System Business, Fire Engines and Fire Prevention and Fighting Equipment. It manufactures and sells passenger boarding bridges for connecting airport terminals to commercial aircraft, as well as automated vehicle parking systems, such as vertical lifting parking systems, aisle stacking parking systems, vertical and horizontal carriage parking systems, and lift-only parking systems; and manufactures and repairs airport group support equipment comprising airport apron buses, aircraft catering vehicles, cargo loaders, and other specialised vehicles. The company also offers engineering and computer software solutions for baggage, cargos, and materials handling and warehousing systems; and produces and sells fire engines, and fire prevention and fighting equipment. In addition, it offers maintenance and other specialised business services for airport and harbour equipment, as well as infrastructural engineering and maintenance services; sells and distributes passenger boarding bridge and ground support equipment, modern logistics automation system, and high speed sorting systems; supplies and maintains airport logistics systems and equipment; provides sale and technical services of automatic parking system and equipment, mechanical products, metal structural parts, self-produced products, and agent products; and develops and sale of air conditioning equipment. The company is headquartered in Wan Chai, Hong Kong. CIMC-TianDa Holdings Company Limited is a subsidiary of China International Marine Containers (Hong Kong) Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 13:36
End of Day Share Price2020/02/27 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.