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146

Tai Ping Carpets InternationalSEHK:146 Stock Report

Market Cap

HK$237.6m

7D

-3.4%

1Y

1.8%

Updated

26 Oct, 2021

Data

Company Financials
146 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends2/6

146 Overview

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

Summary of all time highs, changes and price drops for Tai Ping Carpets International
Historical stock prices
Current Share PriceHK$1.12
52 Week HighHK$0.90
52 Week LowHK$1.55
Beta-0.20
1 Month Change6.67%
3 Month Change-6.67%
1 Year Change1.82%
3 Year Change-26.80%
5 Year Change-41.05%
Change since IPO-72.52%

Recent News & Updates

Oct 13
We Think Tai Ping Carpets International's (HKG:146) Healthy Earnings Might Be Conservative

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...

Feb 10
Tai Ping Carpets International (HKG:146) Has Compensated Shareholders With A 38% Return On Their Investment

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...

Shareholder Returns

146HK Consumer DurablesHK Market
7D-3.4%-4.3%0.4%
1Y1.8%0.9%6.7%

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.

Price Volatility

Is 146's price volatile compared to industry and market?
146 volatility
146 Beta-0.20
Industry Beta1.59
Market Beta1

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

FoundedEmployeesCEOWebsite
1956674Mark Stuart Worganhttps://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

How do Tai Ping Carpets International's earnings and revenue compare to its market cap?
146 fundamental statistics
Market CapHK$237.65m
Earnings (TTM)HK$16.63m
Revenue (TTM)HK$481.38m

14.3x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
146 income statement (TTM)
RevenueHK$481.38m
Cost of RevenueHK$201.28m
Gross ProfitHK$280.10m
ExpensesHK$263.47m
EarningsHK$16.63m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.078
Gross Margin58.19%
Net Profit Margin3.45%
Debt/Equity Ratio3.7%

How did 146 perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

38%

Payout Ratio

Does 146 pay a reliable dividends?

See 146 dividend history and benchmarks
When do you need to buy 146 by to receive an upcoming dividend?
Tai Ping Carpets International dividend dates
Ex Dividend DateNov 17 2021
Dividend Pay DateDec 17 2021
Days until Ex dividend22 days
Days until Dividend pay date52 days

Does 146 pay a reliable dividends?

See 146 dividend history and benchmarks

Valuation

Is Tai Ping Carpets International 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: 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).


Future Growth

How is Tai Ping Carpets International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.6%

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.


Past Performance

How has Tai Ping Carpets International performed over the past 5 years?

33.0%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Tai Ping Carpets International current dividend yield, its reliability and sustainability?

2.68%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 26 2021Ex Dividend DateNov 17 2021Dividend Pay DateDec 17 202130 days from Ex DividendBuy in the next 22 days to receive the upcoming dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Mark Stuart Worgan (57 yo)

3.75yrs

Tenure

HK$4,996,000

Compensation

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.


Leadership Team

Experienced Management: 146's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: 146's board of directors are seasoned and experienced ( 16.2 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tai Ping Carpets International Limited's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Tai Ping Carpets International Limited
  • 909 Cheung Sha Wan Road
  • Units 1801-1804, 18th Floor
  • Cheung Sha Wan
  • Kowloon
  • 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 10:04
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.