Town Ray Holdings
Market Cap
HK$603.9m
Last Updated
2021/03/06 10:28 UTC
Data Sources
Company Financials
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
Rewards
Risk Analysis
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
| 1692 | Industry | Market | |
|---|---|---|---|
| 7 Day | 26.5% | -2.3% | -0.2% |
| 30 Day | 47.0% | -6.8% | -1.5% |
| 90 Day | 104.8% | 16.6% | 10.3% |
| 1 Year | 172.8%112.3% | 92.1%85.6% | 25.4%20.8% |
| 3 Year | n/a | 14.3%7.7% | 4.0%-6.8% |
| 5 Year | n/a | 70.7%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
1 day ago | Simply Wall St
Town Ray Holdings Limited (HKG:1692) Is Yielding 9.6% - But Is It A Buy?3 weeks ago | Simply Wall St
Shareholders Of Town Ray Holdings (HKG:1692) Must Be Happy With Their 230% Total Return1 month ago | Simply Wall St
Do Town Ray Holdings's (HKG:1692) Earnings Warrant Your Attention?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
- Examine whether Town Ray Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Town Ray Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Non-Executive Chairman | no data | no data | no data | |
| CEO & Executive Director | no data | no data | 1.42% HK$ 8.6m | |
| Co-founder & Non-Executive Director | 3.5yrs | no data | 1.94% HK$ 11.7m | |
| Finance Director | 3.5yrs | no data | 1.42% HK$ 8.6m | |
| MD & Executive Director | 3.5yrs | no data | 1.42% HK$ 8.6m | |
| Marketing Director & Executive Director | 3.5yrs | no data | 1.42% HK$ 8.6m | |
| Independent Non-Executive Director | 1.42yrs | no data | no data | |
| Independent Non-Executive Director | 1.42yrs | no data | no data | |
| Independent Non-Executive Director | 1.42yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1692 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 10:28 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.