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Xinjiang Tianye Water Saving Irrigation System

SEHK:840
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
840
SEHK
HK$182M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Xinjiang Tianye Water Saving Irrigation System Company Limited designs, manufactures, and sells drip tapes, PVC/PE pipelines, and drip assemblies for use in water saving irrigation systems in the People's Republic of China. The last earnings update was 86 days ago. More info.


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840 Share Price and Events
7 Day Returns
-5.4%
SEHK:840
2.4%
HK Machinery
0.8%
HK Market
1 Year Returns
-4.1%
SEHK:840
9.3%
HK Machinery
-4.4%
HK Market
840 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Xinjiang Tianye Water Saving Irrigation System (840) -5.4% -7.9% -1.4% -4.1% -52.1% -47%
HK Machinery 2.4% 0.3% -10% 9.3% 60.7% 41.8%
HK Market 0.8% 1.5% -7.4% -4.4% 17.7% 1.6%
1 Year Return vs Industry and Market
  • 840 underperformed the Machinery industry which returned 9.3% over the past year.
  • 840 matched the Hong Kong Market (-4.4%) over the past year.
Price Volatility
840
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Xinjiang Tianye Water Saving Irrigation System's competitors could be found in our database.

840 Value

 Is Xinjiang Tianye Water Saving Irrigation System undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Xinjiang Tianye Water Saving Irrigation System. This is due to cash flow or dividend data being unavailable. The share price is HK$0.35.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Xinjiang Tianye Water Saving Irrigation System's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Xinjiang Tianye Water Saving Irrigation System's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:840 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥-0.11
SEHK:840 Share Price ** SEHK (2019-07-19) in HKD HK$0.35
SEHK:840 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.31
Hong Kong Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 9.04x
Hong Kong Market PE Ratio Median Figure of 1,511 Publicly-Listed Companies 10.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Xinjiang Tianye Water Saving Irrigation System.

SEHK:840 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:840 Share Price ÷ EPS (both in CNY)

= 0.31 ÷ -0.11

-2.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xinjiang Tianye Water Saving Irrigation System is loss making, we can't compare its value to the HK Machinery industry average.
  • Xinjiang Tianye Water Saving Irrigation System is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Xinjiang Tianye Water Saving Irrigation System's expected growth come at a high price?
Raw Data
SEHK:840 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Machinery Industry PEG Ratio Median Figure of 12 Publicly-Listed Machinery Companies 0.71x
Hong Kong Market PEG Ratio Median Figure of 480 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Xinjiang Tianye Water Saving Irrigation System, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Xinjiang Tianye Water Saving Irrigation System's assets?
Raw Data
SEHK:840 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥1.17
SEHK:840 Share Price * SEHK (2019-07-19) in HKD HK$0.35
SEHK:840 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.31
Hong Kong Machinery Industry PB Ratio Median Figure of 50 Publicly-Listed Machinery Companies 0.99x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:840 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:840 Share Price ÷ Book Value per Share (both in CNY)

= 0.31 ÷ 1.17

0.26x

* Primary Listing of Xinjiang Tianye Water Saving Irrigation System.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xinjiang Tianye Water Saving Irrigation System is good value based on assets compared to the HK Machinery industry average.
X
Value checks
We assess Xinjiang Tianye Water Saving Irrigation System's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Xinjiang Tianye Water Saving Irrigation System has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

840 Future Performance

 How is Xinjiang Tianye Water Saving Irrigation System expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Xinjiang Tianye Water Saving Irrigation System 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.3%
Expected Machinery industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Xinjiang Tianye Water Saving Irrigation System expected to grow at an attractive rate?
  • Unable to compare Xinjiang Tianye Water Saving Irrigation System's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Xinjiang Tianye Water Saving Irrigation System's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Xinjiang Tianye Water Saving Irrigation System's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:840 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Machinery Industry Earnings Growth Rate Market Cap Weighted Average 13.3%
Hong Kong Machinery Industry Revenue Growth Rate Market Cap Weighted Average 10.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:840 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:840 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:840 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 529 -55
2018-12-31 536 -14 -48
2018-09-30 544 -23
2018-06-30 560 -18 -14
2018-03-31 673 -3
2018-01-01 738 -23 1
2017-09-30 682 -60
2017-06-30 670 -8 -62
2017-03-31 668 -62
2016-12-31 671 38 -63
2016-09-30 687 4
2016-06-30 680 25 18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Xinjiang Tianye Water Saving Irrigation System is high growth as no earnings estimate data is available.
  • Unable to determine if Xinjiang Tianye Water Saving Irrigation System is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:840 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Xinjiang Tianye Water Saving Irrigation System Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:840 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:840 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 -0.11
2018-12-31 -0.09
2018-09-30 -0.04
2018-06-30 -0.03
2018-03-31 -0.01
2018-01-01 0.00
2017-09-30 -0.10
2017-06-30 -0.11
2017-03-31 -0.11
2016-12-31 -0.11
2016-09-30 0.01
2016-06-30 0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Xinjiang Tianye Water Saving Irrigation System will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Xinjiang Tianye Water Saving Irrigation System's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Xinjiang Tianye Water Saving Irrigation System's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Xinjiang Tianye Water Saving Irrigation System's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Xinjiang Tianye Water Saving Irrigation System's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Xinjiang Tianye Water Saving Irrigation System has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

840 Past Performance

  How has Xinjiang Tianye Water Saving Irrigation System performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Xinjiang Tianye Water Saving Irrigation System's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Xinjiang Tianye Water Saving Irrigation System does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Xinjiang Tianye Water Saving Irrigation System's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Xinjiang Tianye Water Saving Irrigation System's 1-year growth to the HK Machinery industry average as it is not currently profitable.
Earnings and Revenue History
Xinjiang Tianye Water Saving Irrigation System's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Xinjiang Tianye Water Saving Irrigation System Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:840 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 529.20 -55.34 83.54 3.57
2018-12-31 536.16 -47.64 77.90 3.57
2018-09-30 543.79 -22.63 66.24 4.30
2018-06-30 560.25 -14.21 63.94 4.30
2018-03-31 672.86 -3.27 65.87 4.30
2018-01-01 738.12 1.35 70.52 4.30
2017-09-30 682.36 -59.72 88.62
2017-06-30 670.20 -62.47 89.72
2017-03-31 667.88 -62.45 91.55
2016-12-31 671.40 -62.85 89.17
2016-09-30 686.92 4.33 68.34
2016-06-30 680.13 18.03 70.55
2016-03-31 704.73 -3.10 66.25
2015-12-31 667.45 -6.79 66.56
2015-09-30 656.19 -9.27 68.79
2015-06-30 687.60 -18.35 62.25
2015-03-31 675.90 -1.42 60.03
2014-12-31 700.81 2.08 61.55
2014-09-30 694.37 3.42 61.27
2014-06-30 709.62 3.80 64.29
2014-03-31 658.22 2.80 65.43
2013-12-31 691.55 3.61 62.26
2013-09-30 774.44 -2.34 66.95
2013-06-30 751.65 -3.38 67.77
2013-03-31 800.46 2.51 68.42
2012-12-31 762.84 3.21 64.80
2012-09-30 639.87 7.09 61.86

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Xinjiang Tianye Water Saving Irrigation System has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Xinjiang Tianye Water Saving Irrigation System has efficiently used its assets last year compared to the HK Machinery industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Xinjiang Tianye Water Saving Irrigation System improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Xinjiang Tianye Water Saving Irrigation System's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Xinjiang Tianye Water Saving Irrigation System has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

840 Health

 How is Xinjiang Tianye Water Saving Irrigation System's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Xinjiang Tianye Water Saving Irrigation System's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Xinjiang Tianye Water Saving Irrigation System is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Xinjiang Tianye Water Saving Irrigation System's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Xinjiang Tianye Water Saving Irrigation System's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 25.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Xinjiang Tianye Water Saving Irrigation System Company Filings, last reported 3 months ago.

SEHK:840 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 616.58 30.08 109.60
2018-12-31 616.58 30.08 109.60
2018-09-30
2018-06-30 656.03 0.00 91.54
2018-03-31 666.41 0.00 118.21
2018-01-01 666.41 0.00 118.21
2017-09-30
2017-06-30 670.51 0.00 119.00
2017-03-31 664.35 0.00 153.92
2016-12-31 664.35 0.00 153.92
2016-09-30
2016-06-30 728.10 0.00 126.91
2016-03-31
2015-12-31 722.81 0.00 119.41
2015-09-30
2015-06-30 711.78 0.00 124.27
2015-03-31 731.80 0.00 109.89
2014-12-31 731.80 0.00 109.89
2014-09-30
2014-06-30 731.06 0.00 103.49
2014-03-31
2013-12-31 730.65 0.00 99.14
2013-09-30
2013-06-30 730.19 50.00 144.64
2013-03-31 729.84 100.00 111.74
2012-12-31 729.84 100.00 111.74
2012-09-30 721.76 50.00 103.93
  • Xinjiang Tianye Water Saving Irrigation System's level of debt (4.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 4.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Xinjiang Tianye Water Saving Irrigation System has sufficient cash runway for more than 3 years based on current free cash flow.
  • Xinjiang Tianye Water Saving Irrigation System has sufficient cash runway for 2.2 years if free cash flow continues to grow at historical rates of 87.8% each year.
X
Financial health checks
We assess Xinjiang Tianye Water Saving Irrigation System's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Xinjiang Tianye Water Saving Irrigation System has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

840 Dividends

 What is Xinjiang Tianye Water Saving Irrigation System's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Xinjiang Tianye Water Saving Irrigation System dividends.
If you bought HK$2,000 of Xinjiang Tianye Water Saving Irrigation System shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Xinjiang Tianye Water Saving Irrigation System's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Xinjiang Tianye Water Saving Irrigation System's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:840 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Machinery Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 3.1%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:840 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:840 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2009-10-23 0.000 0.000
2009-08-14 0.000 0.000
2009-04-24 0.000 0.000
2009-03-16 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Xinjiang Tianye Water Saving Irrigation System has not reported any payouts.
  • Unable to verify if Xinjiang Tianye Water Saving Irrigation System's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Xinjiang Tianye Water Saving Irrigation System's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Xinjiang Tianye Water Saving Irrigation System 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.
X
Income/ dividend checks
We assess Xinjiang Tianye Water Saving Irrigation System's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Xinjiang Tianye Water Saving Irrigation System afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Xinjiang Tianye Water Saving Irrigation System has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

840 Management

 What is the CEO of Xinjiang Tianye Water Saving Irrigation System's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Qiang Zhang
COMPENSATION CN¥0
AGE 45
TENURE AS CEO 6.7 years
CEO Bio

Mr. Qiang Zhang has been Chief Executive Officer of Xinjiang Tianye Water Saving Irrigation System Company Limited since November 2012 and serves as its Compliance Officer. Mr. Zhang joined Tianye Holdings since July 1995 and served as Production Coordinator, Production Manager and Deputy Manager of Tianye Zhongfa Company Limited. He served as Deputy General Manager of Tianye Company since January 2009. He had been an Executive Director of Xinjiang Tianye Water Saving Irrigation System Company Limited since May 31, 2013 until February 26, 2019. He has been a Director of Xinjiang Tianye Co., Ltd. since November 4, 2016. Mr. Zhang graduated from the Open University of China with a major in Computer Science and Technology in 2005. He obtained a senior engineer qualification certificate in 2011.

CEO Compensation
  • Qiang's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Qiang's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Xinjiang Tianye Water Saving Irrigation System management team in years:

3.1
Average Tenure
45
Average Age
  • The tenure for the Xinjiang Tianye Water Saving Irrigation System management team is about average.
Management Team

Lin Chen

TITLE
Executive Chairman
COMPENSATION
CN¥184K
AGE
43

Qiang Zhang

TITLE
CEO & Compliance Officer
AGE
45
TENURE
6.7 yrs

Ching Chan

TITLE
Company Secretary & Financial Controller
AGE
44
TENURE
1.4 yrs

Bao Li

TITLE
Chief Engineer
AGE
42
TENURE
3.1 yrs

Xinmin Tan

TITLE
Executive Director
AGE
50
TENURE
0.4 yrs

Dong Huang

TITLE
Executive Director
AGE
46

Jun Chen

TITLE
Chairman of Supervisory Committee
AGE
53
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the Xinjiang Tianye Water Saving Irrigation System board of directors in years:

0.8
Average Tenure
49.5
Average Age
  • The average tenure for the Xinjiang Tianye Water Saving Irrigation System board of directors is less than 3 years, this suggests a new board.
Board of Directors

Xinmin Tan

TITLE
Executive Director
AGE
50
TENURE
0.4 yrs

Dong Huang

TITLE
Executive Director
AGE
46
TENURE
0.4 yrs

Jun Chen

TITLE
Chairman of Supervisory Committee
AGE
53
TENURE
3.1 yrs

Feihu Yin

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥30K
AGE
65
TENURE
6.2 yrs

Lin Chen

TITLE
Executive Chairman
COMPENSATION
CN¥184K
AGE
43
TENURE
4.9 yrs

Ming Qin

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥30K
AGE
48
TENURE
6.2 yrs

Li Gu

TITLE
Independent Non-Executive Director
AGE
49
TENURE
0.4 yrs

Ted Hung

TITLE
Independent Non-Executive Director
AGE
56
TENURE
0.4 yrs

Cailai Chen

TITLE
Representative Supervisor
AGE
35
TENURE
1.2 yrs

Xinghui Xie

TITLE
Supervisor
AGE
56
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Xinjiang Tianye Water Saving Irrigation System's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Xinjiang Tianye Water Saving Irrigation System has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

840 News

Simply Wall St News

Here's Why Xinjiang Tianye Water Saving Irrigation System (HKG:840) Might Be Better Off Without Debt

SEHK:840 Historical Debt, July 19th 2019 How Strong Is Xinjiang Tianye Water Saving Irrigation System's Balance Sheet? … The latest balance sheet data shows that Xinjiang Tianye Water Saving Irrigation System had liabilities of CN¥332.2m due within a year, and liabilities of CN¥9.04m falling due after that. … But it is Xinjiang Tianye Water Saving Irrigation System's earnings that will influence how the balance sheet holds up in the future.

Simply Wall St -

Is Xinjiang Tianye Water Saving Irrigation System Company Limited's (HKG:840) Balance Sheet Strong Enough To Weather A Storm?

The direct benefit for Xinjiang Tianye Water Saving Irrigation System Company Limited (HKG:840), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Does 840's growth rate justify its decision for financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

840 Company Info

Description

Xinjiang Tianye Water Saving Irrigation System Company Limited designs, manufactures, and sells drip tapes, PVC/PE pipelines, and drip assemblies for use in water saving irrigation systems in the People's Republic of China. It also offers installation services for water saving irrigation systems. The company was founded in 1999 and is headquartered in Shihezi, the People's Republic of China.

Details
Name: Xinjiang Tianye Water Saving Irrigation System Company Limited
840
Exchange: SEHK
Founded: 1999
HK$181,832,546
519,521,560
Website: http://www.tianyejieshui.com.cn
Address: Xinjiang Tianye Water Saving Irrigation System Company Limited
No. 36, Bei San Dong Road,
Shihezi Economic and Technological Development Zone,
Shihezi,
Xinjiang Uygur Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 840 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 28. Feb 2006
DB X1T Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 28. Feb 2006
Number of employees
Current staff
Staff numbers
625
Xinjiang Tianye Water Saving Irrigation System employees.
Industry
Agricultural and Farm Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 12:47
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2018/03/29
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.