SEHK:674

Stock Analysis Report

Executive Summary

China Tangshang Holdings Limited engages in exhibition-related, property sub-leasing, property development and investment, entertainment, food and beverages, and money lending businesses in Hong Kong and the People’s Republic of China.

Snowflake

Fundamentals

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has China Tangshang Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-15.3%

674

1.9%

HK Commercial Services

0.9%

HK Market


1 Year Return

2.9%

674

29.1%

HK Commercial Services

0.6%

HK Market

Return vs Industry: 674 underperformed the Hong Kong Commercial Services industry which returned 29.1% over the past year.

Return vs Market: 674 exceeded the Hong Kong Market which returned 0.6% over the past year.


Shareholder returns

674IndustryMarket
7 Day-15.3%1.9%0.9%
30 Day-11.5%7.7%0.5%
90 Day-9.2%8.7%-4.3%
1 Year2.9%2.9%32.1%29.1%4.2%0.6%
3 Year-67.2%-67.2%-27.4%-32.8%15.6%4.0%
5 Year-67.8%-67.8%-43.6%-49.7%20.0%-0.08%

Price Volatility Vs. Market

How volatile is China Tangshang Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China Tangshang Holdings undervalued compared to its fair value and its price relative to the market?

1.92x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 674's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 674's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 674 is unprofitable, so we can't compare its PE Ratio to the Commercial Services industry average.

PE vs Market: 674 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 674's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 674 is overvalued based on its PB Ratio (1.9x) compared to the HK Commercial Services industry average (1.1x).


Next Steps

Future Growth

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

23.0%

Forecasted Commercial Services 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 China Tangshang 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.


Next Steps

Past Performance

How has China Tangshang Holdings performed over the past 5 years?

45.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 674 is unprofitable, but has reduced losses over the past 5 years at a rate of 45.8% per year.

Accelerating Growth: Unable to compare 674's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 674 is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (10.1%).


Return on Equity

High ROE: 674 has a negative Return on Equity (-16.31%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 674 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 674 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is China Tangshang Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 674's short term assets (HK$287.3M) exceeds its short term liabilities (HK$207.6M)

Long Term Liabilities: 674's short term assets (287.3M) exceeds its long term liabilities (37.6M)


Debt to Equity History and Analysis

Debt Level: 674's debt to equity ratio (167%) is considered high

Reducing Debt: 674's debt to equity ratio has increased from 15.4% to 167% over the past 5 years.


Balance Sheet

Inventory Level: 674 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 674's debt is covered by short term assets (assets are 1.870550x debt).


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.

Stable Cash Runway: 674 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: 674 has less than a year of cash runway if free cash flow continues to grow at historical rates of 23.1% each year.


Next Steps

Dividend

What is China Tangshang Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.3%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 674's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 674'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 674's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 674'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 674'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 China Tangshang Holdings's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average board tenure


CEO

Houjie Zhou (37yo)

1.3yrs

Tenure

HK$265,408

Compensation

Mr. Houjie Zhou serves as Vice President of BTIT. Mr. Zhou has been an Executive Director of China Tangshang Holdings Limited(also known as Culture Landmark Investment Limited) since December 8, 2016 and i ...


CEO Compensation Analysis

Compensation vs. Market: Houjie's total compensation ($USD33.84K) is too low to compare against companies of similar size in the Hong Kong market ($USD214.48K).

Compensation vs Earnings: Houjie's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

2.8yrs

Average Tenure

37yo

Average Age

Experienced Board: 674's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

  • Muk Hing Ng (73yo)

    Chief Chef - Golden Island Catering Group Company Limited

    • Tenure: 0yrs
  • Kitty Yeung (38yo)

    Assistant General Manager of Golden Island (Management) Limited

    • Tenure: 0yrs
    • Compensation: HK$394.82k
  • Betty Lam (56yo)

    Chief Executive Officer of GI Catering

    • Tenure: 14.2yrs
  • To Pan Chik (40yo)

    General Manager of GI Management

    • Tenure: 0yrs
    • Compensation: HK$774.20k
  • WW Chen (36yo)

    Chairman

    • Tenure: 2.8yrs
    • Compensation: HK$738.00k
  • Houjie Zhou (37yo)

    Acting CEO & Executive Director

    • Tenure: 1.3yrs
    • Compensation: HK$265.41k
  • Hing Hung Hung (37yo)

    Company Secretary

    • Tenure: 0yrs

Board Members

  • William Chan (51yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: HK$180.00k
  • YC Chen (43yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: HK$180.00k
  • Mei Ka Lui (34yo)

    Independent Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: HK$180.00k
  • WW Chen (36yo)

    Chairman

    • Tenure: 2.8yrs
    • Compensation: HK$738.00k
  • Houjie Zhou (37yo)

    Acting CEO & Executive Director

    • Tenure: 1.3yrs
    • Compensation: HK$265.41k

Company Information

China Tangshang Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Tangshang Holdings Limited
  • Ticker: 674
  • Exchange: SEHK
  • Founded:
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: HK$190.767m
  • Shares outstanding: 1.08b
  • Website: https://www.ts674.com

Number of Employees


Location

  • China Tangshang Holdings Limited
  • Bupa Centre
  • 13th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
674SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

China Tangshang Holdings Limited engages in exhibition-related, property sub-leasing, property development and investment, entertainment, food and beverages, and money lending businesses in Hong Kong and t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 12:35
End of Day Share Price2019/10/18 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.