Tao Heung Holdings
Market Cap
HK$813.1m
Last Updated
2021/01/22 10:06 UTC
Data Sources
Company Financials
Executive Summary
Tao Heung Holdings Limited, an investment holding company, operates restaurants and bakeries in Hong Kong and Mainland China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
Share Price & News
How has Tao Heung Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 573 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 573's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
0%
573
3.3%
HK Hospitality
5.1%
HK Market
1 Year Return
-37.5%
573
10.6%
HK Hospitality
17.5%
HK Market
Return vs Industry: 573 underperformed the Hong Kong Hospitality industry which returned 10.6% over the past year.
Return vs Market: 573 underperformed the Hong Kong Market which returned 17.5% over the past year.
Shareholder returns
| 573 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 3.3% | 5.1% |
| 30 Day | -2.4% | 4.1% | 15.0% |
| 90 Day | -4.8% | 13.2% | 19.7% |
| 1 Year | -35.3%-37.5% | 12.4%10.6% | 22.1%17.5% |
| 3 Year | -33.7%-45.6% | -23.5%-29.2% | -1.4%-11.8% |
| 5 Year | -43.6%-59.8% | 51.7%30.3% | 73.0%43.6% |
Long-Term Price Volatility Vs. Market
How volatile is Tao Heung Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Have Insiders Been Buying Tao Heung Holdings Limited (HKG:573) Shares This Year?1 month ago | Simply Wall St
Tao Heung Holdings (HKG:573) Has Debt But No Earnings; Should You Worry?2 months ago | Simply Wall St
Is Tao Heung Holdings Limited's (HKG:573) Shareholder Ownership Skewed Towards Insiders?Valuation
Is Tao Heung 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: 573 (HK$0.8) is trading below our estimate of fair value (HK$1.86)
Significantly Below Fair Value: 573 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 573 is unprofitable, so we can't compare its PE Ratio to the HK Hospitality industry average.
PE vs Market: 573 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 573's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 573 is good value based on its PB Ratio (0.6x) compared to the HK Hospitality industry average (1x).
Next Steps
Future Growth
How is Tao Heung Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
80.6%
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 Tao Heung 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 Tao Heung 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.
- Tao Heung Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Services industry.
Past Performance
How has Tao Heung Holdings performed over the past 5 years?
-19.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 573 is currently unprofitable.
Growing Profit Margin: 573 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 573 is unprofitable, and losses have increased over the past 5 years at a rate of 19.9% per year.
Accelerating Growth: Unable to compare 573's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 573 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-59.7%).
Return on Equity
High ROE: 573 has a negative Return on Equity (-2.31%), as it is currently unprofitable.
Next Steps
Financial Health
How is Tao Heung Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 573's short term assets (HK$894.6M) exceed its short term liabilities (HK$806.1M).
Long Term Liabilities: 573's short term assets (HK$894.6M) exceed its long term liabilities (HK$564.2M).
Debt to Equity History and Analysis
Debt Level: 573's debt to equity ratio (17.6%) is considered satisfactory.
Reducing Debt: 573's debt to equity ratio has increased from 10.5% to 17.6% over the past 5 years.
Debt Coverage: 573's debt is well covered by operating cash flow (157.9%).
Interest Coverage: Insufficient data to determine if 573's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Tao Heung Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 573's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 573'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 573's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 573's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 573 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 573's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Wai Chung (60 yo)
1.17yrs
Tenure
HK$254,000
Compensation
Mr. Wai Ping Chung, JP, BHS, is a Founder of Tao Heung Holdings Limited and serves as its Chairman. Mr. Chung serves as Chief Executive Officer of Tao Heung Holdings Limited since November 19, 2019. Mr. Ch...
CEO Compensation Analysis
Compensation vs Market: Wai's total compensation ($USD32.77K) is below average for companies of similar size in the Hong Kong market ($USD230.42K).
Compensation vs Earnings: Wai's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 1.17yrs | HK$254.00k | 40.95% HK$ 332.9m | |
| Founder & Executive Director | 13.83yrs | HK$823.00k | 10.71% HK$ 87.0m | |
| Acting Director of Marketing & Business Development and Executive Director | 1.17yrs | HK$365.98k | no data | |
| Chief Officer of Operation- China Division & Executive Director | 13.83yrs | HK$1.48m | 0.20% HK$ 1.6m | |
| Executive Officer | no data | no data | no data | |
| Founder and Director of Logistic Management - Hong Kong & Mainland China | no data | HK$271.00k | 5.59% HK$ 45.4m | |
| CFO & Company Secretary | no data | no data | no data | |
| Chief Operations Officer- Hong Kong | 3.83yrs | no data | no data | |
| Director of Human Resources | no data | no data | no data | |
| Consultant | no data | no data | 1.2% HK$ 9.7m |
2.3yrs
Average Tenure
59yo
Average Age
Experienced Management: 573's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 1.17yrs | HK$254.00k | 40.95% HK$ 332.9m | |
| Founder & Executive Director | 13.83yrs | HK$823.00k | 10.71% HK$ 87.0m | |
| Acting Director of Marketing & Business Development and Executive Director | 1.17yrs | HK$365.98k | no data | |
| Chief Officer of Operation- China Division & Executive Director | 13.83yrs | HK$1.48m | 0.20% HK$ 1.6m | |
| Non-Executive Director | 13.83yrs | HK$204.00k | no data | |
| Independent Non-Executive Director | 13.83yrs | HK$204.00k | no data | |
| Independent Non-Executive Director | 13.83yrs | HK$204.00k | no data | |
| Independent Non-Executive Director | 13.83yrs | HK$204.00k | no data | |
| Non-Executive Director | 13.83yrs | HK$204.00k | 0.018% HK$ 144.0k |
13.8yrs
Average Tenure
62yo
Average Age
Experienced Board: 573's board of directors are seasoned and experienced ( 13.8 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
Tao Heung Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tao Heung Holdings Limited
- Ticker: 573
- Exchange: SEHK
- Founded: 1991
- Industry: Restaurants
- Sector: Consumer Services
- Market Cap: HK$813.078m
- Shares outstanding: 1.02b
- Website: https://www.taoheung.com.hk
Number of Employees
Location
- Tao Heung Holdings Limited
- No. 18 Dai Fat Street
- Tai Po Industrial Estate
- Tai Po
- New Territories
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 573 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jun 2007 |
| BVI | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2007 |
Biography
Tao Heung Holdings Limited, an investment holding company, operates restaurants and bakeries in Hong Kong and Mainland China. The company engages in the provision of food catering services; and production,...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 10:06 |
| End of Day Share Price | 2021/01/22 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.