Tungtex (Holdings) Company Limited, an investment holding company, manufactures, sells, retails, and trades in garments in North America, Asia, Europe, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.38|
|52 Week High||HK$0.34|
|52 Week Low||HK$0.74|
|1 Month Change||7.14%|
|3 Month Change||-5.06%|
|1 Year Change||-36.44%|
|3 Year Change||-42.31%|
|5 Year Change||-63.59%|
|Change since IPO||-64.95%|
Recent News & Updates
We Think Shareholders Are Less Likely To Approve A Pay Rise For Tungtex (Holdings) Company Limited's (HKG:518) CEO For Now
The underwhelming share price performance of Tungtex (Holdings) Company Limited ( HKG:518 ) in the past three years...
We're Not Counting On Tungtex (Holdings) (HKG:518) To Sustain Its Statutory Profitability
As a general rule, we think profitable companies are less risky than companies that lose money. Having said that...
|518||HK Luxury||HK Market|
Return vs Industry: 518 underperformed the Hong Kong Luxury industry which returned 54.1% over the past year.
Return vs Market: 518 underperformed the Hong Kong Market which returned 5.7% over the past year.
Stable Share Price: 518 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 518's weekly volatility (5%) has been stable over the past year.
About the Company
Tungtex (Holdings) Company Limited, an investment holding company, manufactures, sells, retails, and trades in garments in North America, Asia, Europe, and internationally. The company manufactures and exports ladies sportswear, casual wear, and suit pieces; and various women career and casual sportswear for department stores, chain stores, specialty stores, catalogs, and designer labels, as well as silk-blended, linen, cotton, and synthetic apparel products. As of March 31, 2021, it operated 177 Betu-brand stores in Mainland China.
Tungtex (Holdings) Fundamentals Summary
|518 fundamental statistics|
Is 518 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|518 income statement (TTM)|
|Cost of Revenue||HK$361.89m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.57|
|Net Profit Margin||55.61%|
How did 518 perform over the long term?See historical performance and comparison
8.0%Current Dividend Yield
Is Tungtex (Holdings) undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 518 (HK$0.38) is trading above our estimate of fair value (HK$0.13)
Significantly Below Fair Value: 518 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 518 is good value based on its PE Ratio (0.7x) compared to the Hong Kong Luxury industry average (8.9x).
PE vs Market: 518 is good value based on its PE Ratio (0.7x) compared to the Hong Kong market (9.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 518's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 518 is good value based on its PB Ratio (0.4x) compared to the HK Luxury industry average (0.8x).
How is Tungtex (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 Tungtex (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.
How has Tungtex (Holdings) performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 518 has a high level of non-cash earnings.
Growing Profit Margin: 518 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 518 has become profitable over the past 5 years, growing earnings by 49.9% per year.
Accelerating Growth: 518 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 518 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (40.3%).
Return on Equity
High ROE: 518's Return on Equity (60.6%) is considered outstanding.
How is Tungtex (Holdings)'s financial position?
Financial Position Analysis
Short Term Liabilities: 518's short term assets (HK$554.2M) exceed its short term liabilities (HK$186.8M).
Long Term Liabilities: 518's short term assets (HK$554.2M) exceed its long term liabilities (HK$10.5M).
Debt to Equity History and Analysis
Debt Level: 518's debt to equity ratio (22.2%) is considered satisfactory.
Reducing Debt: 518's debt to equity ratio has increased from 16.7% to 22.2% over the past 5 years.
Debt Coverage: 518's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 518's interest payments on its debt are well covered by EBIT.
What is Tungtex (Holdings) current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 518's dividend (8%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).
High Dividend: 518's dividend (8%) is in the top 25% of dividend payers in the Hong Kong market (6.81%)
Stability and Growth of Payments
Stable Dividend: 518's dividend payments have been volatile in the past 10 years.
Growing Dividend: 518's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (6.5%), 518's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Raymond Tung (56 yo)
Mr. Wai Man Tung, also known as Raymond, has been Managing Director of Tungtex (Holdings) Company Limited since January 12, 2018. Mr. Tung has been a Director of Tungtex (Holdings) Company Limited since 20...
CEO Compensation Analysis
Compensation vs Market: Raymond's total compensation ($USD346.78K) is above average for companies of similar size in the Hong Kong market ($USD228.05K).
Compensation vs Earnings: Raymond's compensation has been consistent with company performance over the past year.
Experienced Management: 518's management team is considered experienced (3.8 years average tenure).
Experienced Board: 518's board of directors are considered experienced (3.8 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tungtex (Holdings) Company Limited's employee growth, exchange listings and data sources
- Name: Tungtex (Holdings) Company Limited
- Ticker: 518
- Exchange: SEHK
- Founded: 1977
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: HK$169.150m
- Shares outstanding: 451.07m
- Website: https://www.tungtex.com
Number of Employees
- Tungtex (Holdings) Company Limited
- Tungtex Building
- 12th Floor
- Kwun Tong
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 15:32|
|End of Day Share Price||2021/10/22 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.