Tristate Holdings Limited, an investment holding company, designs, manufactures, and trades in garments in the People's Republic of China, Canada, the United States, and the United Kingdom.
Flawless balance sheet and fair value.
Share Price & News
How has Tristate Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 458 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 458 underperformed the Hong Kong Luxury industry which returned -1.6% over the past year.
Return vs Market: 458 underperformed the Hong Kong Market which returned -9.9% over the past year.
Price Volatility Vs. Market
How volatile is Tristate Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhy Tristate Holdings Limited's (HKG:458) CEO Pay Matters To You
1 month ago | Simply Wall StRead This Before Selling Tristate Holdings Limited (HKG:458) Shares
2 months ago | Simply Wall StWe Think Tristate Holdings (HKG:458) Is Taking Some Risk With Its Debt
Is Tristate 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: 458 (HK$1.4) is trading below our estimate of fair value (HK$2.55)
Significantly Below Fair Value: 458 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 458 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.
PE vs Market: 458 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 458's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 458 is good value based on its PB Ratio (0.3x) compared to the HK Luxury industry average (0.7x).
How is Tristate Holdings 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 Tristate 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.
- Examine whether Tristate 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.
- Tristate Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Tristate Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 458 is currently unprofitable.
Growing Profit Margin: 458 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 458 is unprofitable, and losses have increased over the past 5 years at a rate of -42.6% per year.
Accelerating Growth: Unable to compare 458's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 458 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (3%).
Return on Equity
High ROE: 458 has a negative Return on Equity (-3.25%), as it is currently unprofitable.
How is Tristate Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 458's short term assets (HK$1.1B) exceed its short term liabilities (HK$624.9M).
Long Term Liabilities: 458's short term assets (HK$1.1B) exceed its long term liabilities (HK$515.2M).
Debt to Equity History and Analysis
Debt Level: 458's debt to equity ratio (5.7%) is considered satisfactory.
Reducing Debt: 458's debt to equity ratio has reduced from 28.6% to 5.7% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 458 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 458 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 3.9% per year.
What is Tristate Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 458's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 458's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 458's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 458's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 458 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 458's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Peter Wang (65yo)
Mr. Wang Kin Chung, also known as Peter, BSc, MBA, serves as Managing Director of Hua Thai Manufacturing Public Company Limited. Mr. Wang has been Chief Executive Officer of Tristate Holdings Ltd since 199 ...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD733.52K) is above average for companies of similar size in the Hong Kong market ($USD224.20K).
Compensation vs Earnings: Peter's compensation has increased whilst the company is unprofitable.
|Chief Financial Officer||1.25yrs||no data||no data|
|Managing Director of Contract Manufacturing Business Unit||no data||no data||no data|
|Managing Director of the third party fulfillment business||no data||no data||no data|
|President of Contract Manufacturing||no data||no data||no data|
|President of Cissonne & C.P. Company||no data||no data||no data|
|Company Secretary||3.67yrs||no data||no data|
|President of C.P. Company||no data||no data||no data|
|Principal Designer||no data||no data||no data|
Experienced Management: 458's management team is considered experienced (3.7 years average tenure).
|Honorary Chairlady||18.33yrs||HK$855.00k||no data|
|Non-Executive Director||21.08yrs||HK$132.00k||no data|
|Independent Non-Executive Director||18.08yrs||HK$186.00k||no data|
|Non-Executive Director||21.08yrs||HK$219.00k||no data|
|Independent Non-Executive Director||21.92yrs||HK$281.00k||no data|
|Chairman Emeritus||no data||HK$5.49m||no data|
|Independent Non-Executive Director||9.33yrs||HK$124.00k||no data|
Experienced Board: 458's board of directors are seasoned and experienced ( 19.3 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.
Tristate Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Tristate Holdings Limited
- Ticker: 458
- Exchange: SEHK
- Founded: 1937
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: HK$380.250m
- Shares outstanding: 271.61m
- Website: https://www.tristateww.com
Number of Employees
- Tristate Holdings Limited
- 66-72 Lei Muk Road
- 5th Floor
- Kwai Chung
- New Territories
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|458||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
Tristate Holdings Limited, an investment holding company, designs, manufactures, and trades in garments in the People's Republic of China, Canada, the United States, and the United Kingdom. It offers military, work, and sportswear; outerwear; and womenswear under the C.P. Company, Cissonne, Nautica, and Spyder brand names. The company also engages in the branded product distribution, retail, and trading. In addition, it offers sales liaison, general administrative and supporting, factory facilities leasing, nominee and secretarial, technical, and design and customer support services. Further, the company is involved in trademark holding and licensing, retail store operation, and trading of apparel and accessories, as well as general trading and marketing, and product design and development activities. It also exports its products. The company was founded in 1937 and is headquartered in Kwai Chung, Hong Kong. Tristate Holdings Limited is a subsidiary of Silver Tree Holdings Inc.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/27 12:45|
|End of Day Share Price||2020/05/26 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.