SEHK:445

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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. More Details


Snowflake Analysis

Adequate 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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.9%

445

5.1%

HK Machinery

1.5%

HK Market


1 Year Return

-1.8%

445

43.6%

HK Machinery

1.4%

HK Market

Return vs Industry: 445 underperformed the Hong Kong Machinery industry which returned 43.6% over the past year.

Return vs Market: 445 underperformed the Hong Kong Market which returned 1.4% over the past year.


Shareholder returns

445IndustryMarket
7 Day-0.9%5.1%1.5%
30 Day-7.2%1.6%-1.5%
90 Day28.7%22.5%4.4%
1 Year0.7%-1.8%47.6%43.6%5.4%1.4%
3 Yearn/a56.0%43.5%-4.3%-14.6%
5 Yearn/a123.3%104.6%24.7%3.7%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 445 (HK$0.22) is trading below our estimate of fair value (HK$3.39)

Significantly Below Fair Value: 445 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 445 is poor value based on its PE Ratio (13.7x) compared to the HK Machinery industry average (13.2x).

PE vs Market: 445 is poor value based on its PE Ratio (13.7x) compared to the Hong Kong market (11.2x).


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's PB Ratio (1x) is in line with the HK Machinery industry average.


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?

5.3%

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?

23.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 445 has high quality earnings.

Growing Profit Margin: 445's current net profit margins (3.8%) are higher than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: 445's earnings have grown significantly by 23.6% per year over the past 5 years.

Accelerating Growth: 445's earnings growth over the past year (15.2%) is below its 5-year average (23.6% per year).

Earnings vs Industry: 445 earnings growth over the past year (15.2%) exceeded the Machinery industry 1%.


Return on Equity

High ROE: 445's Return on Equity (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¥6.4B) exceed its short term liabilities (CN¥4.8B).

Long Term Liabilities: 445's short term assets (CN¥6.4B) exceed its long term liabilities (CN¥935.0M).


Debt to Equity History and Analysis

Debt Level: 445's debt to equity ratio (52.6%) is considered high.

Reducing Debt: 445's debt to equity ratio has increased from 44.1% to 52.6% over the past 5 years.

Debt Coverage: 445's debt is well covered by operating cash flow (42.9%).

Interest Coverage: 445's interest payments on its debt are well covered by EBIT (4.7x coverage).


Balance Sheet


Next Steps

Dividend

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

1.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 445's dividend (1.91%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 445's dividend (1.91%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.91%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 445's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 445's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.8%), 445's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Zu Hua Zheng (57 yo)

4.42yrs

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 ($USD0.00) is below average for companies of similar size in the Hong Kong market ($USD344.64K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Xiong Jiang
Honorary Chairman & Executive Directorno datano data6.16%
CN¥ 216.0m
Zu Hua Zheng
CEO & Executive Director4.42yrsCN¥2.66mno data
Wenyuan Zhu
General Manager of Finance & Fund Management Department4.67yrsno datano data
Fucheng Yan
EVP, GM - the Intralogistics Div4.42yrsno datano data
De Feng Wang
President of Sichuan Chuanxiao Fire Trucks Manufacturing Co.no datano datano data
Ching Wah Li
Company Secretaryno datano datano data
Kok Hua Low
Senior Adviser5.42yrsno datano data

4.5yrs

Average Tenure

57yo

Average Age

Experienced Management: 445's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Xiong Jiang
Honorary Chairman & Executive Directorno datano data6.16%
CN¥ 216.0m
Zu Hua Zheng
CEO & Executive Director4.42yrsCN¥2.66mno data
Yin Hui Li
Non-Executive Chairman6.08yrsno datano data
Ja Wei Heng
Independent Non-Executive Director11.5yrsno datano data
Han Zeng
Non-Executive Director0.75yrno datano data
Yu Loke
Independent Non-Executive Director14.08yrsno datano data
Man` Ho
Independent Non-Executive Director5.17yrsno datano data
Kuan Tao
Non-Executive Director0.75yrno datano data

5.2yrs

Average Tenure

51yo

Average Age

Experienced Board: 445's board of directors are considered experienced (5.2 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.1%.


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$3.507b
  • Shares outstanding: 15.94b
  • 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 19:20
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.