SEHK:1692

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Executive Summary

Town Ray Holdings Limited, an investment holding company, designs, develops, manufactures, and trades electrothermic household appliances in Europe, Asia, the United States, and internationally. More Details


Snowflake Analysis

Outstanding track record with excellent balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 1692 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: 1692's weekly volatility (12%) has been stable over the past year.


Market Performance


7 Day Return

26.5%

1692

-2.3%

HK Consumer Durables

-0.2%

HK Market


1 Year Return

112.3%

1692

85.6%

HK Consumer Durables

20.8%

HK Market

Return vs Industry: 1692 exceeded the Hong Kong Consumer Durables industry which returned 85.6% over the past year.

Return vs Market: 1692 exceeded the Hong Kong Market which returned 20.8% over the past year.


Shareholder returns

1692IndustryMarket
7 Day26.5%-2.3%-0.2%
30 Day47.0%-6.8%-1.5%
90 Day104.8%16.6%10.3%
1 Year172.8%112.3%92.1%85.6%25.4%20.8%
3 Yearn/a14.3%7.7%4.0%-6.8%
5 Yearn/a70.7%48.8%60.7%33.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Town Ray 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: 1692 (HK$1.72) is trading below our estimate of fair value (HK$10.9)

Significantly Below Fair Value: 1692 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1692 is good value based on its PE Ratio (8.9x) compared to the HK Consumer Durables industry average (9.5x).

PE vs Market: 1692 is good value based on its PE Ratio (8.9x) compared to the Hong Kong market (12.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1692's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1692 is overvalued based on its PB Ratio (2.5x) compared to the HK Consumer Durables industry average (0.9x).


Next Steps

Future Growth

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

25.0%

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 Town Ray 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 Town Ray Holdings performed over the past 5 years?

23.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1692 has high quality earnings.

Growing Profit Margin: 1692's current net profit margins (14.4%) are higher than last year (11.2%).


Past Earnings Growth Analysis

Earnings Trend: 1692's earnings have grown significantly by 23.1% per year over the past 5 years.

Accelerating Growth: 1692's earnings growth over the past year (43%) exceeds its 5-year average (23.1% per year).

Earnings vs Industry: 1692 earnings growth over the past year (43%) exceeded the Consumer Durables industry 16.2%.


Return on Equity

High ROE: 1692's Return on Equity (26%) is considered high.


Next Steps

Financial Health

How is Town Ray Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1692's short term assets (HK$354.4M) exceed its short term liabilities (HK$127.5M).

Long Term Liabilities: 1692's short term assets (HK$354.4M) exceed its long term liabilities (HK$8.1M).


Debt to Equity History and Analysis

Debt Level: 1692's debt to equity ratio (10.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 1692's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1692's debt is well covered by operating cash flow (552%).

Interest Coverage: 1692's interest payments on its debt are well covered by EBIT (395.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Town Ray Holdings's current dividend yield, its reliability and sustainability?

10.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1692's dividend (10.35%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.03%).

High Dividend: 1692's dividend (10.35%) is in the top 25% of dividend payers in the Hong Kong market (6.24%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 1692's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 1692's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (101.5%), 1692's dividend payments are not 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?

3.5yrs

Average board tenure


CEO

Wai Ming Chan (51 yo)

no data

Tenure

Mr. Chan Wai Ming serves as a Director at Town Ray Holdings Limited since 28 September 2017 and was re-designated as an executive Director on 28 February 2019 and also serves as the chief executive officer...


Board Members

NamePositionTenureCompensationOwnership
Kam Kwong Chan
Co-Founder & Non-Executive Chairmanno datano datano data
Wai Ming Chan
CEO & Executive Directorno datano data1.42%
HK$ 8.6m
Yuk Sim Cheng
Co-founder & Non-Executive Director3.5yrsno data1.94%
HK$ 11.7m
Wai Kwong Chiu
Finance Director3.5yrsno data1.42%
HK$ 8.6m
Mei Wah Tang
MD & Executive Director3.5yrsno data1.42%
HK$ 8.6m
Kwok Wai Yu
Marketing Director & Executive Director3.5yrsno data1.42%
HK$ 8.6m
Ping Yim Chan
Independent Non-Executive Director1.42yrsno datano data
Chi Leung Choi
Independent Non-Executive Director1.42yrsno datano data
Shing Jee Chan
Independent Non-Executive Director1.42yrsno datano data

3.5yrs

Average Tenure

55yo

Average Age

Experienced Board: 1692's board of directors are considered experienced (3.5 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Town Ray Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Town Ray Holdings Limited
  • Ticker: 1692
  • Exchange: SEHK
  • Founded: 2005
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: HK$603.889m
  • Shares outstanding: 351.10m
  • Website: https://www.townray.com

Number of Employees


Location

  • Town Ray Holdings Limited
  • Chung Mei Centre, Block A
  • 10th Floor
  • Kwun Tong
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1692SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2019

Biography

Town Ray Holdings Limited, an investment holding company, designs, develops, manufactures, and trades electrothermic household appliances in Europe, Asia, the United States, and internationally. It offers ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 10:28
End of Day Share Price2021/03/05 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.