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

Fundamentals

Excellent balance sheet with reasonable growth potential.

Risks

  • CIMC-TianDa Holdings has significant price volatility in the past 3 months.
  • CIMC-TianDa Holdings is covered by less than 3 analysts.

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


Market Performance


7 Day Return

0.9%

445

-4.5%

HK Machinery

-2.7%

HK Market


1 Year Return

-22.8%

445

-4.1%

HK Machinery

-9.4%

HK Market

445 underperformed the Machinery industry which returned -4.1% over the past year.

445 underperformed the Market in Hong Kong which returned -9.4% over the past year.


Share holder returns

445IndustryMarket
7 Day0.9%-4.5%-2.7%
30 Day-10.4%2.1%2.4%
90 Day-8.6%-5.7%-5.6%
1 Year-22.8%-22.8%-1.5%-4.1%-6.2%-9.4%
3 Yearn/a50.8%42.0%14.3%2.7%
5 Yearn/a59.9%43.7%16.7%-2.8%

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

3 weeks ago | Simply Wall St

Why CIMC-TianDa Holdings Company Limited’s (HKG:445) Use Of Investor Capital Doesn’t Look Great

Valuation

Is CIMC-TianDa Holdings undervalued based on future cash flows and its price relative to the stock market?

15.07x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for CIMC-TianDa Holdings to establish if it is available at moderate discount.

Unable to calculate intrinsic value for CIMC-TianDa Holdings to establish if it is available at substantial discount.


Price Based on Earnings

CIMC-TianDa Holdings is overvalued based on earnings compared to the HK Machinery industry average.

CIMC-TianDa Holdings is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

CIMC-TianDa Holdings is good value based on expected growth next year.


Price Based on Value of Assets

CIMC-TianDa Holdings is overvalued based on assets compared to the HK Machinery industry average.


Next Steps

Future Growth

How is CIMC-TianDa Holdings expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

30.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

CIMC-TianDa Holdings's revenue is expected to grow by 16.4% yearly, however this is not considered high growth (20% yearly).

CIMC-TianDa Holdings's earnings are expected to grow significantly at over 20% yearly.

CIMC-TianDa Holdings's revenue growth is expected to exceed the Hong Kong market average.

CIMC-TianDa Holdings's earnings growth is expected to exceed the Hong Kong market average.

CIMC-TianDa Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if CIMC-TianDa Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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


Past Earnings Growth Analysis

CIMC-TianDa Holdings has delivered over 20% year on year earnings growth in the past 5 years.

CIMC-TianDa Holdings's 1-year earnings growth exceeds its 5-year average (25.6% vs 21.9%)

CIMC-TianDa Holdings's earnings growth has exceeded the HK Machinery industry average in the past year (25.6% vs 7.4%).


Return on Equity

CIMC-TianDa Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

CIMC-TianDa Holdings used its assets less efficiently than the HK Machinery industry average last year based on Return on Assets.


Return on Capital Employed

CIMC-TianDa Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is CIMC-TianDa Holdings's financial position?


Financial Position Analysis

CIMC-TianDa Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

CIMC-TianDa Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

CIMC-TianDa Holdings's level of debt (28.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (38.5% vs 28.8% today).

Debt is not well covered by operating cash flow (9.4%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 7.6x coverage).


Balance Sheet

High level of physical assets or inventory.

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 and Payments Analysis

Unable to evaluate CIMC-TianDa Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate CIMC-TianDa Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as CIMC-TianDa Holdings has not reported any payouts.

Unable to verify if CIMC-TianDa Holdings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as CIMC-TianDa Holdings has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of CIMC-TianDa Holdings's salary, the management and board of directors tenure and is there insider trading?

3.5yrs

Average management tenure


CEO

Zu Hua Zheng (56yo)

3.4yrs

Tenure

0

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 ...


Management Age and Tenure

3.5yrs

Average Tenure

55.5yo

Average Age

The tenure for the CIMC-TianDa Holdings management team is about average.


Board Age and Tenure

4.6yrs

Average Tenure

53yo

Average Age

The tenure for the CIMC-TianDa Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Xiong Jiang (52yo)

    Honorary Chairman & Executive Director

    • Tenure: 0yrs
  • Kok Hua Low (78yo)

    Senior Adviser

    • Tenure: 4.4yrs
  • Ching Wah Li

    Company Secretary

    • Tenure: 0yrs
  • De Feng Wang (50yo)

    President of Sichuan Chuanxiao Fire Trucks Manufacturing Co.

    • Tenure: 0yrs
  • Zu Hua Zheng (56yo)

    CEO & Executive Director

    • Tenure: 3.4yrs
  • Fucheng Yan

    EVP, GM - the Intralogistics Div

    • Tenure: 3.4yrs
  • Wenyuan Zhu (61yo)

    General Manager of Finance & Fund Management Department

    • Tenure: 3.7yrs
  • You Jun Luan (55yo)

    Executive Director

    • Tenure: 4.2yrs

Board Members

  • Xiong Jiang (52yo)

    Honorary Chairman & Executive Director

    • Tenure: 0yrs
  • Yuqun Yu (54yo)

    Non-Executive Director

    • Tenure: 7yrs
  • Yin Hui Li (51yo)

    Non-Executive Chairman

    • Tenure: 5.1yrs
  • Victor Heng (42yo)

    Independent Non-Executive Director

    • Tenure: 10.5yrs
  • Zu Hua Zheng (56yo)

    CEO & Executive Director

    • Tenure: 3.4yrs
  • You Jun Luan (55yo)

    Executive Director

    • Tenure: 4.2yrs
  • Robert Johnson

    Non-Executive Director

    • Tenure: 3.3yrs
  • Loke Yu

    Independent Non-Executive Director

    • Tenure: 13.1yrs
  • Ho Man

    Independent Non-Executive Director

    • Tenure: 4.2yrs

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$3.242b
  • Shares outstanding: 14.47b
  • Website: https://null

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/22 12:55
End of Day Share Price2019/09/20 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.