Tai Ping Carpets International Limited designs, manufactures, imports, exports, and sells carpets in Asia, Europe, the Middle East, the United States, and Africa.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$1.12|
|52 Week High||HK$0.90|
|52 Week Low||HK$1.55|
|1 Month Change||6.67%|
|3 Month Change||-6.67%|
|1 Year Change||1.82%|
|3 Year Change||-26.80%|
|5 Year Change||-41.05%|
|Change since IPO||-72.52%|
Recent News & Updates
We Think Tai Ping Carpets International's (HKG:146) Healthy Earnings Might Be Conservative
Shareholders appeared to be happy with Tai Ping Carpets International Limited's ( HKG:146 ) solid earnings report last...
Tai Ping Carpets International (HKG:146) Has Compensated Shareholders With A 38% Return On Their Investment
While not a mind-blowing move, it is good to see that the Tai Ping Carpets International Limited ( HKG:146 ) share...
|146||HK Consumer Durables||HK Market|
Return vs Industry: 146 matched the Hong Kong Consumer Durables industry which returned 0.9% over the past year.
Return vs Market: 146 underperformed the Hong Kong Market which returned 6.7% over the past year.
Stable Share Price: 146 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 146's weekly volatility (6%) has been stable over the past year.
About the Company
|1956||674||Mark Stuart Worgan||https://www.taipingtent.com|
Tai Ping Carpets International Limited designs, manufactures, imports, exports, and sells carpets in Asia, Europe, the Middle East, the United States, and Africa. The company also manufactures and sells yarns; and provides yarn dyeing activities. It offers its products for luxury residential, private yachts and jets, boutique stores, corporate offices, and luxury hotels and resorts.
Tai Ping Carpets International Fundamentals Summary
|146 fundamental statistics|
Is 146 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|146 income statement (TTM)|
|Cost of Revenue||HK$201.28m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.078|
|Net Profit Margin||3.45%|
How did 146 perform over the long term?See historical performance and comparison
2.7%Current Dividend Yield
Does 146 pay a reliable dividends?See 146 dividend history and benchmarks
|Tai Ping Carpets International dividend dates|
|Ex Dividend Date||Nov 17 2021|
|Dividend Pay Date||Dec 17 2021|
|Days until Ex dividend||22 days|
|Days until Dividend pay date||52 days|
Does 146 pay a reliable dividends?See 146 dividend history and benchmarks
Is Tai Ping Carpets International 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: 146 (HK$1.12) is trading below our estimate of fair value (HK$20.45)
Significantly Below Fair Value: 146 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 146 is poor value based on its PE Ratio (14.3x) compared to the Hong Kong Consumer Durables industry average (7.8x).
PE vs Market: 146 is poor value based on its PE Ratio (14.3x) compared to the Hong Kong market (9.6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 146's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 146 is good value based on its PB Ratio (0.6x) compared to the HK Consumer Durables industry average (0.8x).
How is Tai Ping Carpets International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables 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 Tai Ping Carpets International 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.
How has Tai Ping Carpets International performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 146 has high quality earnings.
Growing Profit Margin: 146 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 146 has become profitable over the past 5 years, growing earnings by 33% per year.
Accelerating Growth: 146 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 146 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (19.6%).
Return on Equity
High ROE: 146's Return on Equity (3.9%) is considered low.
How is Tai Ping Carpets International's financial position?
Financial Position Analysis
Short Term Liabilities: 146's short term assets (HK$294.0M) exceed its short term liabilities (HK$266.8M).
Long Term Liabilities: 146's short term assets (HK$294.0M) exceed its long term liabilities (HK$93.3M).
Debt to Equity History and Analysis
Debt Level: 146's debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: 146's debt to equity ratio has reduced from 21.1% to 3.7% over the past 5 years.
Debt Coverage: 146's debt is well covered by operating cash flow (633%).
Interest Coverage: 146's interest payments on its debt are well covered by EBIT (9.2x coverage).
What is Tai Ping Carpets International current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 146's dividend (2.68%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).
High Dividend: 146's dividend (2.68%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.8%).
Stability and Growth of Payments
Stable Dividend: 146's dividend payments have been volatile in the past 10 years.
Growing Dividend: 146's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.3%), 146's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Stuart Worgan (57 yo)
Mr. Mark Stuart Worgan serves as Chief Executive Officer of Tai Ping Carpets International Limited since 2018 and has been its Executive Director since January 17, 2018. Mr. Worgan served as the Chief Oper...
CEO Compensation Analysis
Compensation vs Market: Mark Stuart's total compensation ($USD642.67K) is above average for companies of similar size in the Hong Kong market ($USD227.69K).
Compensation vs Earnings: Mark Stuart's compensation has been consistent with company performance over the past year.
Experienced Management: 146's management team is considered experienced (3.8 years average tenure).
Experienced Board: 146's board of directors are seasoned and experienced ( 16.2 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tai Ping Carpets International Limited's employee growth, exchange listings and data sources
- Name: Tai Ping Carpets International Limited
- Ticker: 146
- Exchange: SEHK
- Founded: 1956
- Industry: Home Furnishings
- Sector: Consumer Durables
- Market Cap: HK$237.650m
- Shares outstanding: 212.19m
- Website: https://www.taipingtent.com
Number of Employees
- Tai Ping Carpets International Limited
- 909 Cheung Sha Wan Road
- Units 1801-1804, 18th Floor
- Cheung Sha Wan
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/26 10:04|
|End of Day Share Price||2021/10/25 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.