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669

Techtronic IndustriesSEHK:669 Stock Report

Market Cap

HK$298.5b

7D

-4.5%

1Y

60.8%

Updated

26 Nov, 2021

Data

Company Financials +
669 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends0/6

669 Stock Overview

Techtronic Industries Company Limited engages in the design, manufacture, and marketing of power tools, outdoor power equipment, and floorcare and cleaning products worldwide.

Techtronic Industries Competitors

Tesla

NasdaqGS:TSLA

US$1.1t

Deere

NYSE:DE

US$111.4b

Honda Motor

TSE:7267

JP¥5.6t

LG Chem

KOSE:A051910

₩53.3t

Price History & Performance

Summary of all time highs, changes and price drops for Techtronic Industries
Historical stock prices
Current Share PriceHK$162.70
52 Week HighHK$180.00
52 Week LowHK$94.30
Beta1.2
1 Month Change1.43%
3 Month Change-3.79%
1 Year Change60.77%
3 Year Change286.46%
5 Year Change432.57%
Change since IPO30,029.63%

Recent News & Updates

Nov 12
Techtronic Industries (HKG:669) Has A Pretty Healthy Balance Sheet

Techtronic Industries (HKG:669) Has A Pretty Healthy Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Nov 01
Techtronic Industries (HKG:669) Might Have The Makings Of A Multi-Bagger

Techtronic Industries (HKG:669) Might Have The Makings Of A Multi-Bagger

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...

Oct 10
Calculating The Intrinsic Value Of Techtronic Industries Company Limited (HKG:669)

Calculating The Intrinsic Value Of Techtronic Industries Company Limited (HKG:669)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Techtronic Industries...

Sep 30
Does Techtronic Industries (HKG:669) Deserve A Spot On Your Watchlist?

Does Techtronic Industries (HKG:669) Deserve A Spot On Your Watchlist?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

669HK MachineryHK Market
7D-4.5%-2.6%-2.7%
1Y60.8%13.9%-6.3%

Return vs Industry: 669 exceeded the Hong Kong Machinery industry which returned 16.2% over the past year.

Return vs Market: 669 exceeded the Hong Kong Market which returned -4.2% over the past year.

Price Volatility

Is 669's price volatile compared to industry and market?
669 volatility
669 Average Weekly Movement4.3%
Machinery Industry Average Movement7.2%
Market Average Movement6.9%
10% most volatile stocks in HK Market13.4%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 669 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 669's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198549,934Joe Gallihttps://www.ttigroup.com

Techtronic Industries Company Limited engages in the design, manufacture, and marketing of power tools, outdoor power equipment, and floorcare and cleaning products worldwide. The company offers industrial power tools, accessories, hand tools and storage products, layout and measuring tools, trade power tools, and outdoor products under the MILWAUKEE, AEG, RYOBI, HOMELITE, EMPIRE, IMPERIAL BLADES, STILETTO, and HART brands. It serves Do-It-Yourself (DIY), professional, and industrial users in the home improvement, repair, maintenance, construction, and infrastructure industries.

Techtronic Industries Fundamentals Summary

How do Techtronic Industries's earnings and revenue compare to its market cap?
669 fundamental statistics
Market CapUS$38.28b
Earnings (TTM)US$992.79m
Revenue (TTM)US$12.00b

38.6x

P/E Ratio

3.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
669 income statement (TTM)
RevenueUS$12.00b
Cost of RevenueUS$7.38b
Gross ProfitUS$4.62b
ExpensesUS$3.63b
EarningsUS$992.79m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.54
Gross Margin38.51%
Net Profit Margin8.27%
Debt/Equity Ratio70.2%

How did 669 perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

40%

Payout Ratio

Valuation

Is Techtronic Industries undervalued compared to its fair value and its price relative to the market?

38.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 669 (HK$162.7) is trading above our estimate of fair value (HK$159.28)

Significantly Below Fair Value: 669 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 669 is poor value based on its PE Ratio (38.6x) compared to the Hong Kong Machinery industry average (11.6x).

PE vs Market: 669 is poor value based on its PE Ratio (38.6x) compared to the Hong Kong market (9.5x).


Price to Earnings Growth Ratio

PEG Ratio: 669 is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: 669 is overvalued based on its PB Ratio (9x) compared to the HK Machinery industry average (0.9x).


Future Growth

How is Techtronic Industries forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

19.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 669's forecast earnings growth (19.9% per year) is above the savings rate (1.5%).

Earnings vs Market: 669's earnings (19.9% per year) are forecast to grow faster than the Hong Kong market (18.3% per year).

High Growth Earnings: 669's earnings are forecast to grow, but not significantly.

Revenue vs Market: 669's revenue (15.8% per year) is forecast to grow faster than the Hong Kong market (12.6% per year).

High Growth Revenue: 669's revenue (15.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 669's Return on Equity is forecast to be high in 3 years time (26.6%)


Past Performance

How has Techtronic Industries performed over the past 5 years?

17.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 669 has a high level of non-cash earnings.

Growing Profit Margin: 669's current net profit margins (8.3%) are higher than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: 669's earnings have grown by 17.4% per year over the past 5 years.

Accelerating Growth: 669's earnings growth over the past year (50.1%) exceeds its 5-year average (17.4% per year).

Earnings vs Industry: 669 earnings growth over the past year (50.1%) exceeded the Machinery industry 18.6%.


Return on Equity

High ROE: 669's Return on Equity (23.3%) is considered high.


Financial Health

How is Techtronic Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 669's short term assets ($9.0B) exceed its short term liabilities ($6.6B).

Long Term Liabilities: 669's short term assets ($9.0B) exceed its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: 669's net debt to equity ratio (12.5%) is considered satisfactory.

Reducing Debt: 669's debt to equity ratio has increased from 51.7% to 70.2% over the past 5 years.

Debt Coverage: 669's debt is well covered by operating cash flow (20.8%).

Interest Coverage: 669's interest payments on its debt are well covered by EBIT (117.7x coverage).


Balance Sheet


Dividend

What is Techtronic Industries's current dividend yield, its reliability and sustainability?

1.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 669's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.3%).

High Dividend: 669's dividend (1.03%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.98%).


Stability and Growth of Payments

Stable Dividend: 669 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 669 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 669 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 669'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?

18.8yrs

Average management tenure


CEO

Joe Galli (62 yo)

13.75yrs

Tenure

US$28,447,000

Compensation

Mr. Joseph Galli, Jr., also known as Joe, BSBA, MBA, has been the Chief Executive Officer of Techtronic Industries Co. Ltd. (a/k/a, TTI) since February 1, 2008. Mr. Galli is responsible for integrating acq...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD28.45M) is above average for companies of similar size in the Hong Kong market ($USD1.22M).

Compensation vs Earnings: Joe's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 669's management team is seasoned and experienced (18.8 years average tenure).


Board Members

Experienced Board: 669's board of directors are seasoned and experienced ( 13.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 669 insiders have only sold shares 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

Techtronic Industries Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Techtronic Industries Company Limited
  • Ticker: 669
  • Exchange: SEHK
  • Founded: 1985
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: HK$298.471b
  • Shares outstanding: 1.83b
  • Website: https://www.ttigroup.com

Number of Employees


Location

  • Techtronic Industries Company Limited
  • Tower 2
  • 29th Floor
  • Kwai Chung
  • New Territories
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 15:50
End of Day Share Price2021/11/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.