SEHK:669

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Techtronic Industries

Executive Summary

Techtronic Industries Company Limited, an investment holding company, engages in the design, manufacture, and marketing of power tools, outdoor power equipment, and floor care and appliances worldwide. More Details


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Techtronic Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 669 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 669's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-0.1%

669

4.4%

HK Machinery

0.7%

HK Market


1 Year Return

64.6%

669

42.1%

HK Machinery

7.8%

HK Market

Return vs Industry: 669 exceeded the Hong Kong Machinery industry which returned 42.1% over the past year.

Return vs Market: 669 exceeded the Hong Kong Market which returned 7.8% over the past year.


Shareholder returns

669IndustryMarket
7 Day-0.1%4.4%0.7%
30 Day-3.8%8.3%5.9%
90 Day4.4%8.8%4.7%
1 Year66.9%64.6%45.6%42.1%12.2%7.8%
3 Year138.4%127.1%70.9%57.9%-1.5%-11.7%
5 Year264.1%236.7%141.1%120.3%30.2%8.2%

Long-Term Price Volatility Vs. Market

How volatile is Techtronic Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

36.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 669 (HK$102.2) is trading above our estimate of fair value (HK$74.19)

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 (36.4x) compared to the HK Machinery industry average (13.1x).

PE vs Market: 669 is poor value based on its PE Ratio (36.4x) compared to the Hong Kong market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: 669 is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: 669 is overvalued based on its PB Ratio (6.7x) compared to the HK Machinery industry average (0.9x).


Next Steps

Future Growth

How is Techtronic Industries forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

20.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 669's forecast earnings growth (20.5% per year) is above the savings rate (1.6%).

Earnings vs Market: 669's earnings (20.5% per year) are forecast to grow slower than the Hong Kong market (21.9% per year).

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

Revenue vs Market: 669's revenue (13.9% per year) is forecast to grow faster than the Hong Kong market (13.7% per year).

High Growth Revenue: 669's revenue (13.9% 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 (22.7%)


Next Steps

Past Performance

How has Techtronic Industries performed over the past 5 years?

14.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 669 has high quality earnings.

Growing Profit Margin: 669's current net profit margins (8.1%) are higher than last year (8%).


Past Earnings Growth Analysis

Earnings Trend: 669's earnings have grown by 14.1% per year over the past 5 years.

Accelerating Growth: 669's earnings growth over the past year (13.5%) is below its 5-year average (14.1% per year).

Earnings vs Industry: 669 earnings growth over the past year (13.5%) exceeded the Machinery industry -1.6%.


Return on Equity

High ROE: 669's Return on Equity (18.4%) is considered low.


Next Steps

Financial Health

How is Techtronic Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 669's short term assets ($5.9B) exceed its short term liabilities ($3.8B).

Long Term Liabilities: 669's short term assets ($5.9B) exceed its long term liabilities ($1.3B).


Debt to Equity History and Analysis

Debt Level: 669's debt to equity ratio (54.1%) is considered high.

Reducing Debt: 669's debt to equity ratio has reduced from 56.1% to 54.1% over the past 5 years.

Debt Coverage: 669's debt is well covered by operating cash flow (52%).

Interest Coverage: 669's interest payments on its debt are well covered by EBIT (60.6x coverage).


Balance Sheet


Next Steps

Dividend

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

1.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 669's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.22%).

High Dividend: 669's dividend (1.01%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.57%).


Stability and Growth of Payments

Stable Dividend: 669's dividend payments have been volatile in the past 10 years.

Growing Dividend: 669's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.5%), 669's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 669's dividends in 3 years are forecast to be well covered by earnings (41.5% payout ratio).


Next Steps

Management

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

17.8yrs

Average management tenure


CEO

Joe Galli (61 yo)

12.75yrs

Tenure

US$16,561,000

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 ($USD16.56M) is above average for companies of similar size in the Hong Kong market ($USD830.05K).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Horst Pudwill
Founder & Executive Chairman35.83yrsUS$17.93m19.98%
$ 39.4b
Joseph Galli
CEO & Executive Director12.75yrsUS$16.56m0.25%
$ 489.0m
Stephan Pudwill
Vice Chairman4.08yrsUS$3.05m2.13%
$ 4.2b
Chi Chan
Group CFO & Executive Director28.75yrsUS$6.01m0.031%
$ 61.8m
Kin Chan
Operations Director & Executive Director30.83yrsUS$3.77m0.022%
$ 43.0m
Dyann Kostello
Vice-President and General Counselno datano datano data
Philippe Buisson
Chief Financial Officer of Europe Middle East Africano datano datano data
Alexandre Duarte
President of Europeno datano datano data
Michael Brendle
Managing Director of TTI Australia & New Zealandno datano datano data
Scott Hetherington
Senior Vice President of Tax & Treasuryno datano datano data
Sean Dougherty
Deputy Group Chief Financial Officer12.83yrsno datano data
Nate Easter
Executive Vice President of Global Sourcingno datano datano data

17.8yrs

Average Tenure

60.5yo

Average Age

Experienced Management: 669's management team is seasoned and experienced (17.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Horst Pudwill
Founder & Executive Chairman35.83yrsUS$17.93m19.98%
$ 39.4b
Joseph Galli
CEO & Executive Director12.75yrsUS$16.56m0.25%
$ 489.0m
Stephan Pudwill
Vice Chairman4.08yrsUS$3.05m2.13%
$ 4.2b
Chi Chan
Group CFO & Executive Director28.75yrsUS$6.01m0.031%
$ 61.8m
Kin Chan
Operations Director & Executive Director30.83yrsUS$3.77m0.022%
$ 43.0m
Robert Getz
Independent Non-Executive Director0.83yrno data0.0025%
$ 4.9m
Chi-Ping Chung
Non-Executive Director13.58yrsUS$212.00k2.67%
$ 5.3b
Ting Cheung
Independent Non-Executive Director29.67yrsUS$252.00k0.23%
$ 455.8m
Christopher Patrick Langley
Independent Non-Executive Director19.5yrsUS$227.00k0.011%
$ 21.5m
Peter Sullivan
Independent Non-Executive Director12.75yrsUS$249.00kno data
Camille Jojo
Non-Executive Director5.08yrsUS$545.00k0.0022%
$ 4.3m
Johannes-Gerhard Hesse
Independent Non-Executive Director4.08yrsUS$247.00kno data

13.2yrs

Average Tenure

65yo

Average Age

Experienced Board: 669's board of directors are seasoned and experienced ( 13.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: 669 insiders have sold more shares than they have bought 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 company bio, 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$197.007b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TTND.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
669SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
TIB1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
669SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
669SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
TTND.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDFeb 1994

Biography

Techtronic Industries Company Limited, an investment holding company, engages in the design, manufacture, and marketing of power tools, outdoor power equipment, and floor care and appliances worldwide. It ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 12:40
End of Day Share Price2020/11/25 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.