TCL Electronics Holdings Limited, an investment holding company, manufactures, distributes, and sells color television sets in the People’s Republic of China, Europe, North America, and internationally.
Flawless balance sheet, undervalued and pays a dividend.
Share Price & News
How has TCL Electronics Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1070's share price has been volatile over the past 3 months.
7 Day Return
HK Consumer Durables
1 Year Return
HK Consumer Durables
Return vs Industry: 1070 underperformed the Hong Kong Consumer Durables industry which returned -23.1% over the past year.
Return vs Market: 1070 underperformed the Hong Kong Market which returned -22.7% over the past year.
Price Volatility Vs. Market
How volatile is TCL Electronics Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 months ago | Simply Wall StDoes The TCL Electronics Holdings Limited (HKG:1070) Share Price Fall With The Market?
6 months ago | Simply Wall StWhere TCL Electronics Holdings Limited (HKG:1070) Stands In Terms Of Earnings Growth Against Its Industry
6 months ago | Simply Wall StA Closer Look At TCL Electronics Holdings Limited's (HKG:1070) Impressive ROE
Is TCL Electronics Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1070 (HK$3.25) is trading below our estimate of fair value (HK$16.95)
Significantly Below Fair Value: 1070 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1070 is good value based on its PE Ratio (3.2x) compared to the Consumer Durables industry average (10.5x).
PE vs Market: 1070 is good value based on its PE Ratio (3.2x) compared to the Hong Kong market (8.9x).
Price to Earnings Growth Ratio
PEG Ratio: 1070's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 1070 is good value based on its PB Ratio (0.7x) compared to the HK Consumer Durables industry average (0.7x).
How is TCL Electronics Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1070's earnings are forecast to decline over the next 3 years (-17.2% per year).
Earnings vs Market: 1070's earnings are forecast to decline over the next 3 years (-17.2% per year).
High Growth Earnings: 1070's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 1070's revenue (11.6% per year) is forecast to grow faster than the Hong Kong market (10% per year).
High Growth Revenue: 1070's revenue (11.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1070's Return on Equity is forecast to be low in 3 years time (12.6%).
How has TCL Electronics Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1070 has high quality earnings.
Growing Profit Margin: 1070's current net profit margins (4.9%) are higher than last year (2.1%).
Past Earnings Growth Analysis
Earnings Trend: 1070's earnings have grown significantly by 56.7% per year over the past 5 years.
Accelerating Growth: 1070's earnings growth over the past year (141.4%) exceeds its 5-year average (56.7% per year).
Earnings vs Industry: 1070 earnings growth over the past year (141.4%) exceeded the Consumer Durables industry 5.9%.
Return on Equity
High ROE: 1070's Return on Equity (19.5%) is considered low.
How is TCL Electronics Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1070's short term assets (HK$27.6B) exceed its short term liabilities (HK$21.2B).
Long Term Liabilities: 1070's short term assets (HK$27.6B) exceed its long term liabilities (HK$229.9M).
Debt to Equity History and Analysis
Debt Level: 1070's debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: 1070's debt to equity ratio has reduced from 87.5% to 14.6% over the past 5 years.
Debt Coverage: 1070's debt is well covered by operating cash flow (145%).
Interest Coverage: 1070's interest payments on its debt are well covered by EBIT (19.3x coverage).
Inventory Level: 1070 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1070's debt is covered by short term assets (assets are 15.9x debt).
What is TCL Electronics Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1070's dividend (6.51%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.63%).
High Dividend: 1070's dividend (6.51%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.28%).
Stability and Growth of Payments
Stable Dividend: 1070's dividend payments have been volatile in the past 10 years.
Growing Dividend: 1070's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.1%), 1070's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1070's dividends in 3 years are forecast to be well covered by earnings (44.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kevin Wang (45yo)
Mr. Cheng Wang, also known as Kevin, serves as Senior Vice President of TCL Corp. He has been the Chief Executive Officer of TCL Multimedia Technology Holdings Limited since October 1, 2017 and has been i ...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD1.13M) is above average for companies of similar size in the Hong Kong market ($USD480.55K).
Compensation vs Earnings: Kevin's compensation has increased by more than 20% in the past year.
|Founder & Chairman||2yrs||HK$4.73m||2.49% HK$188.8m|
|CEO, COO & Executive Director||2.42yrs||HK$8.73m||0.11% HK$8.4m|
|CTO & Executive Director||6.58yrs||HK$782.00k||0.014% HK$1.1m|
|CFO & Executive Director||no data||no data||no data|
|Independent Non-Executive Director||2.25yrs||HK$567.00k||0.0025% HK$191.1k|
|Non Executive Director||20.25yrs||HK$391.00k||0.0049% HK$370.2k|
|Independent Non Executive Director||13.42yrs||HK$466.00k||0.0026% HK$199.5k|
|Independent Non-Executive Director||8.67yrs||no data||no data|
|Independent Non-Executive Director||4yrs||HK$466.00k||0.0025% HK$188.1k|
|Non-Executive Director||1.58yrs||HK$80.00k||0.0010% HK$76.6k|
Experienced Board: 1070's board of directors are considered experienced (4 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.
TCL Electronics Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: TCL Electronics Holdings Limited
- Ticker: 1070
- Exchange: SEHK
- Founded: 1981
- Industry: Consumer Electronics
- Sector: Consumer Durables
- Market Cap: HK$7.585b
- Shares outstanding: 2.37b
- Website: https://electronics.tcl.com
Number of Employees
- TCL Electronics Holdings Limited
- TCL Electronics Holdings Limited Building
- 9th Floor
- Guangdong Province
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TCLH.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Nov 1999|
|1070||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Nov 1999|
|TC2A||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Nov 1999|
|1070||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Nov 1999|
|1070||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Nov 1999|
TCL Electronics Holdings Limited, an investment holding company, manufactures, distributes, and sells color television sets in the People’s Republic of China, Europe, North America, and internationally. It operates through Television, Smart AV, Smart Home Products, and Others segments. The company offers 3D and LED TVs, and accessories; BD and DVD players, dockings, and sound bars; and smart home solutions and products. It is also involved in the information technology, Internet service, and other businesses, including the manufacture and sale of television related components; and the sale of white goods, mobile phones, and air conditioners. The company was formerly known as TCL Multimedia Technology Holdings Limited and changed its name to TCL Electronics Holdings Limited in June 2018. The company was founded in 1981 and is headquartered in Shenzhen, the People’s Republic of China. TCL Electronics Holdings Limited is a subsidiary of T.C.L. Industries Holdings (H.K.) Limited.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 12:39|
|End of Day Share Price||2020/03/31 00:00|
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.