SEHK:1181

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Tang Palace (China) Holdings

Executive Summary

Tang Palace (China) Holdings Limited, an investment holding company, engages in the restaurant operation and food production businesses in the People’s Republic of China. More Details


Snowflake Analysis

Adequate balance sheet and slightly overvalued.

Share Price & News

How has Tang Palace (China) Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1181 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 1181's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

4.9%

1181

-7.3%

HK Hospitality

2.2%

HK Market


1 Year Return

-27.7%

1181

-5.6%

HK Hospitality

7.2%

HK Market

Return vs Industry: 1181 underperformed the Hong Kong Hospitality industry which returned -5.6% over the past year.

Return vs Market: 1181 underperformed the Hong Kong Market which returned 7.2% over the past year.


Shareholder returns

1181IndustryMarket
7 Day4.9%-7.3%2.2%
30 Day7.5%-1.9%8.4%
90 Day24.6%11.8%15.6%
1 Year-25.7%-27.7%-4.0%-5.6%11.4%7.2%
3 Year-32.0%-45.2%-24.0%-29.6%-3.4%-13.5%
5 Year122.6%49.3%55.4%33.9%65.4%37.4%

Long-Term Price Volatility Vs. Market

How volatile is Tang Palace (China) Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tang Palace (China) Holdings undervalued compared to its fair value and its price relative to the market?

42.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1181 (HK$0.86) is trading below our estimate of fair value (HK$1.5)

Significantly Below Fair Value: 1181 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1181 is unprofitable, so we can't compare its PE Ratio to the HK Hospitality industry average.

PE vs Market: 1181 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 1181's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1181 is overvalued based on its PB Ratio (2.2x) compared to the HK Hospitality industry average (1x).


Next Steps

Future Growth

How is Tang Palace (China) Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

80.4%

Forecasted Consumer Services 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 Tang Palace (China) 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 Tang Palace (China) Holdings performed over the past 5 years?

1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1181 is currently unprofitable.

Growing Profit Margin: 1181 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1181 is unprofitable, but has reduced losses over the past 5 years at a rate of 1.6% per year.

Accelerating Growth: Unable to compare 1181's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1181 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-59.7%).


Return on Equity

High ROE: 1181 has a negative Return on Equity (-7.35%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tang Palace (China) Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1181's short term assets (CN¥555.0M) exceed its short term liabilities (CN¥472.3M).

Long Term Liabilities: 1181's short term assets (CN¥555.0M) exceed its long term liabilities (CN¥202.7M).


Debt to Equity History and Analysis

Debt Level: 1181's debt to equity ratio (22.1%) is considered satisfactory.

Reducing Debt: 1181's debt to equity ratio has increased from 5.7% to 22.1% over the past 5 years.

Debt Coverage: 1181's debt is well covered by operating cash flow (219.7%).

Interest Coverage: 1181 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Tang Palace (China) Holdings's current dividend yield, its reliability and sustainability?

2.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1181's dividend (2.32%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.13%).

High Dividend: 1181's dividend (2.32%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.66%).


Stability and Growth of Payments

Stable Dividend: 1181 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1181 has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: 1181 is paying a dividend but the company is unprofitable.


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?

9.8yrs

Average board tenure


CEO

Zhi Xiong Chen (49 yo)

0.50

Tenure

Mr. Zhi Xiong Chen serves as the Chief Executive Officer & Executive Director of Tang Palace (China) Holdings Limited since July 1, 2020. He had been the Chief Operations Officer at Tang Palace (China) Hol...


Board Members

NamePositionTenureCompensationOwnership
Peihe Weng
Executive Chairman0.50yrCN¥6.34m2.78%
CN¥ 27.9m
Hok Chiu Ku
Founder & Executive Director9.83yrsCN¥502.00k9.84%
CN¥ 98.4m
Zhi Xiong Chen
CEO & Executive Director0.50yrno data0.47%
CN¥ 4.7m
Chung Yeung Wong
CFO, Secretary & Executive Director0.50yrno data0.092%
CN¥ 920.7k
Chi-Keung Kwong
Independent Non-Executive Director9.83yrsCN¥251.00kno data
Ping Man Kwong
Independent Non-Executive Director9.83yrsCN¥251.00kno data
Kin Ting Cheung
Independent Non-Executive Director9.83yrsCN¥251.00kno data

9.8yrs

Average Tenure

55yo

Average Age

Experienced Board: 1181's board of directors are considered experienced (9.8 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

Tang Palace (China) Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tang Palace (China) Holdings Limited
  • Ticker: 1181
  • Exchange: SEHK
  • Founded: 1992
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: HK$1.001b
  • Shares outstanding: 1.08b
  • Website: https://www.tanggong.cn

Number of Employees


Location

  • Tang Palace (China) Holdings Limited
  • Greenfield Tower
  • Unit 3, 10th Floor
  • Kowloon
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1181SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDApr 2011

Biography

Tang Palace (China) Holdings Limited, an investment holding company, engages in the restaurant operation and food production businesses in the People’s Republic of China. The company operates restaurants u...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/18 10:15
End of Day Share Price2021/01/18 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.