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990

Theme International HoldingsSEHK:990 Stock Report

Market Cap

HK$12.8b

7D

-1.0%

1Y

771.6%

Updated

26 Oct, 2021

Data

Company Financials
990 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance6/6
Financial Health5/6
Dividends0/6

990 Overview

Theme International Holdings Limited, an investment holding company, engages in the distribution and trading of bulk commodities and related products in the People’s Republic of China, Hong Kong, and Singapore.

Price History & Performance

Summary of all time highs, changes and price drops for Theme International Holdings
Historical stock prices
Current Share PriceHK$0.95
52 Week HighHK$0.10
52 Week LowHK$1.70
Beta0.30
1 Month Change5.56%
3 Month Change-35.81%
1 Year Change771.56%
3 Year Change593.43%
5 Year Change356.73%
Change since IPO-67.52%

Recent News & Updates

Aug 29
These 4 Measures Indicate That Theme International Holdings (HKG:990) Is Using Debt Safely

These 4 Measures Indicate That Theme International Holdings (HKG:990) Is Using Debt Safely

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Jul 11
Here's Why I Think Theme International Holdings (HKG:990) Is An Interesting Stock

Here's Why I Think Theme International Holdings (HKG:990) Is An Interesting Stock

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

990HK Trade DistributorsHK Market
7D-1.0%0.2%0.4%
1Y771.6%40.4%6.7%

Return vs Industry: 990 exceeded the Hong Kong Trade Distributors industry which returned 40.4% over the past year.

Return vs Market: 990 exceeded the Hong Kong Market which returned 6.7% over the past year.

Price Volatility

Is 990's price volatile compared to industry and market?
990 volatility
990 Beta0.30
Industry Beta0.92
Market Beta1

Stable Share Price: 990 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 990's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
1993144Jiang Jianghttps://www.990.com.hk

Theme International Holdings Limited, an investment holding company, engages in the distribution and trading of bulk commodities and related products in the People’s Republic of China, Hong Kong, and Singapore. It provides personal loan, mortgage, installment credit, market making, margin financing, structured trade, and other credit granting services; and securities and commodity contracts dealing, securities brokerage, commodity futures and gold bullion broking and dealing, and fund management services, as well as trades in metals and metal ores. The company was incorporated in 1993 and is headquartered in Sheung Wan, Hong Kong.

Theme International Holdings Fundamentals Summary

How do Theme International Holdings's earnings and revenue compare to its market cap?
990 fundamental statistics
Market CapHK$12.80b
Earnings (TTM)HK$949.62m
Revenue (TTM)HK$26.48b

13.5x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
990 income statement (TTM)
RevenueHK$26.48b
Cost of RevenueHK$25.28b
Gross ProfitHK$1.20b
ExpensesHK$249.31m
EarningsHK$949.62m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.07
Gross Margin4.53%
Net Profit Margin3.59%
Debt/Equity Ratio37.4%

How did 990 perform over the long term?

See historical performance and comparison

Valuation

Is Theme International 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: 990 (HK$0.95) is trading below our estimate of fair value (HK$2.51)

Significantly Below Fair Value: 990 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 990 is poor value based on its PE Ratio (13.5x) compared to the Hong Kong Trade Distributors industry average (12.9x).

PE vs Market: 990 is poor value based on its PE Ratio (13.5x) compared to the Hong Kong market (9.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 990's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 990 is overvalued based on its PB Ratio (4.2x) compared to the HK Trade Distributors industry average (0.7x).


Future Growth

How is Theme International Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.9%

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 Theme International 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.


Past Performance

How has Theme International Holdings performed over the past 5 years?

78.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 990 has high quality earnings.

Growing Profit Margin: 990's current net profit margins (3.6%) are higher than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: 990 has become profitable over the past 5 years, growing earnings by 78% per year.

Accelerating Growth: 990's earnings growth over the past year (437.4%) exceeds its 5-year average (78% per year).

Earnings vs Industry: 990 earnings growth over the past year (437.4%) exceeded the Trade Distributors industry 18.7%.


Return on Equity

High ROE: 990's Return on Equity (30.8%) is considered high.


Financial Health

How is Theme International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 990's short term assets (HK$8.6B) exceed its short term liabilities (HK$5.4B).

Long Term Liabilities: 990's short term assets (HK$8.6B) exceed its long term liabilities (HK$3.7M).


Debt to Equity History and Analysis

Debt Level: 990's debt to equity ratio (37.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 990's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 990's debt is well covered by operating cash flow (159.2%).

Interest Coverage: 990 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Theme International Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 990's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 990's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 990's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 990'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 990'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?

3.1yrs

Average management tenure


CEO

Jiang Jiang (38 yo)

2.25yrs

Tenure

HK$2,382,000

Compensation

Mr. Jiang Jiang has been Executive Director and Chief Executive Officer at Theme International Holdings Limited since July 29, 2019. He has over many years of experience in commodities trading and derivati...


CEO Compensation Analysis

Compensation vs Market: Jiang's total compensation ($USD306.41K) is below average for companies of similar size in the Hong Kong market ($USD497.47K).

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


Leadership Team

Experienced Management: 990's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: 990's board of directors are considered experienced (3.2 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.8%.


Top Shareholders

Company Information

Theme International Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Theme International Holdings Limited
  • Ticker: 990
  • Exchange: SEHK
  • Founded: 1993
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: HK$12.798b
  • Shares outstanding: 13.47b
  • Website: https://www.990.com.hk

Number of Employees


Location

  • Theme International Holdings Limited
  • China Merchants Tower
  • Unit 3401-03, 34th Floor
  • Sheung Wan
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:11
End of Day Share Price2021/10/26 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.