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.


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

6.0%

HK Machinery

2.9%

HK Market


1 Year Return

-14.4%

445

16.7%

HK Machinery

0.7%

HK Market

Return vs Industry: 445 underperformed the Hong Kong Machinery industry which returned 16.7% over the past year.

Return vs Market: 445 underperformed the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

445IndustryMarket
7 Day-0.9%6.0%2.9%
30 Day-3.6%-1.5%-2.5%
90 Day-16.1%-3.1%-5.4%
1 Year-14.4%-14.4%20.0%16.7%4.4%0.7%
3 Yearn/a54.6%45.2%17.0%5.2%
5 Yearn/a71.6%53.8%20.2%0.2%

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?

14.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

Significantly Undervalued: 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 (14.4x) compared to the Machinery industry average (9.4x).

PE vs Market: 445 is poor value based on its PE Ratio (14.4x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: 445 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 445 is overvalued based on its PB Ratio (0.9x) compared to the HK Machinery industry average (0.9x).


Next Steps

Future Growth

How is CIMC-TianDa Holdings forecast 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 Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 445's forecast earnings growth (30.2% per year) is above the savings rate (2%).

Earnings vs Market: 445's earnings (30.2% per year) are forecast to grow faster than the Hong Kong market (11.1% per year).

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

Revenue vs Market: 445's revenue (16.4% per year) is forecast to grow faster than the Hong Kong market (10.1% per year).

High Growth Revenue: 445's revenue (16.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 445's Return on Equity is forecast to be high in 3 years time


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

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 7.4%.


Return on Equity

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


Return on Assets

ROA vs Industry: 445's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: 445's Return on Capital Employed has declined over the past 3 years.


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) exceeds its short term liabilities (CN¥3.8B)

Long Term Liabilities: 445's short term assets (4.7B) exceeds its long term liabilities (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 4.567490x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.2%markettop25%6.3%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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

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

3.6yrs

Average management tenure


CEO

Zu Hua Zheng (56yo)

3.5yrs

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

3.6yrs

Average Tenure

55.5yo

Average Age

Experienced Management: 445's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

4.7yrs

Average Tenure

53yo

Average Age

Experienced Board: 445's board of directors are considered experienced (4.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Xiong Jiang (52yo)

    Honorary Chairman & Executive Director

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

    Senior Adviser

    • Tenure: 4.5yrs
  • 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: 3.5yrs
  • Fucheng Yan

    EVP, GM - the Intralogistics Div

    • Tenure: 3.5yrs
  • Wenyuan Zhu (61yo)

    General Manager of Finance & Fund Management Department

    • Tenure: 3.8yrs
  • You Jun Luan (55yo)

    Executive Director

    • Tenure: 4.3yrs

Board Members

  • Xiong Jiang (52yo)

    Honorary Chairman & Executive Director

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

    Non-Executive Director

    • Tenure: 7.1yrs
  • Yin Hui Li (51yo)

    Non-Executive Chairman

    • Tenure: 5.2yrs
  • Victor Heng (42yo)

    Independent Non-Executive Director

    • Tenure: 10.6yrs
  • Zu Hua Zheng (56yo)

    CEO & Executive Director

    • Tenure: 3.5yrs
  • You Jun Luan (55yo)

    Executive Director

    • Tenure: 4.3yrs
  • Robert Johnson

    Non-Executive Director

    • Tenure: 3.4yrs
  • Loke Yu

    Independent Non-Executive Director

    • Tenure: 13.2yrs
  • Ho Man

    Independent Non-Executive Director

    • Tenure: 4.3yrs

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$3.126b
  • 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 Analysis2019/10/14 12:55
End of Day Share Price2019/10/14 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.