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Tai Hing Group Holdings

SEHK:6811
Snowflake Description

Slightly overvalued with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6811
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Consumer Services
Company description

Tai Hing Group Holdings Limited operates as a multi-brand casual dining restaurant company. The last earnings update was 49 days ago. More info.


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  • Tai Hing Group Holdings has significant price volatility in the past 3 months.
6811 Share Price and Events
7 Day Returns
-10.8%
SEHK:6811
1.7%
HK Hospitality
0.6%
HK Market
1 Year Returns
-
SEHK:6811
-9.6%
HK Hospitality
-5.9%
HK Market
6811 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tai Hing Group Holdings (6811) -10.8% -21.1% - - - -
HK Hospitality 1.7% 11.1% -3.9% -9.6% 40.8% -28.7%
HK Market 0.6% 3.7% -8.2% -5.9% 17.2% 4.8%
1 Year Return vs Industry and Market
  • No trading data on 6811.
  • No trading data on 6811.
Price Volatility
Industry
5yr Volatility vs Market

6811 Value

 Is Tai Hing Group Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tai Hing Group Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tai Hing Group Holdings.

SEHK:6811 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:6811
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.926 (1 + (1- 25%) (23.25%))
1.059
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.059 * 6.65%)
9.04%

Discounted Cash Flow Calculation for SEHK:6811 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tai Hing Group Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:6811 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 9.04%)
2020 240.00 Analyst x1 220.10
2021 134.00 Analyst x1 112.70
2022 117.53 Est @ -12.29% 90.65
2023 108.13 Est @ -8% 76.48
2024 102.72 Est @ -5% 66.63
2025 99.74 Est @ -2.9% 59.34
2026 98.32 Est @ -1.43% 53.64
2027 97.93 Est @ -0.4% 48.99
2028 98.24 Est @ 0.32% 45.07
2029 99.05 Est @ 0.83% 41.68
Present value of next 10 years cash flows HK$815.28
SEHK:6811 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$99.05 × (1 + 2%) ÷ (9.04% – 2%)
HK$1,435.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$1,435.31 ÷ (1 + 9.04%)10
HK$603.94
SEHK:6811 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$815.28 + HK$603.94
HK$1,419.22
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$1,419.22 / 1,000.00
HK$1.42
SEHK:6811 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$1.42
Current discount Discount to share price of HK$2.24
= -1 x (HK$2.24 - HK$1.42) / HK$1.42
-57.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Tai Hing Group Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tai Hing Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tai Hing Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:6811 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.41
SEHK:6811 Share Price ** SEHK (2019-07-16) in HKD HK$2.24
Hong Kong Hospitality Industry PE Ratio Median Figure of 69 Publicly-Listed Hospitality Companies 13.93x
Hong Kong Market PE Ratio Median Figure of 1,503 Publicly-Listed Companies 10.71x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tai Hing Group Holdings.

SEHK:6811 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:6811 Share Price ÷ EPS (both in HKD)

= 2.24 ÷ 0.41

5.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tai Hing Group Holdings is good value based on earnings compared to the HK Hospitality industry average.
  • Tai Hing Group Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Tai Hing Group Holdings's expected growth come at a high price?
Raw Data
SEHK:6811 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
0.9%per year
Hong Kong Hospitality Industry PEG Ratio Median Figure of 20 Publicly-Listed Hospitality Companies 2.09x
Hong Kong Market PEG Ratio Median Figure of 477 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

SEHK:6811 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.51x ÷ 0.9%

6.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tai Hing Group Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Tai Hing Group Holdings's assets?
Raw Data
SEHK:6811 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.49
SEHK:6811 Share Price * SEHK (2019-07-16) in HKD HK$2.24
Hong Kong Hospitality Industry PB Ratio Median Figure of 109 Publicly-Listed Hospitality Companies 1.12x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:6811 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:6811 Share Price ÷ Book Value per Share (both in HKD)

= 2.24 ÷ 0.49

4.59x

* Primary Listing of Tai Hing Group Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tai Hing Group Holdings is overvalued based on assets compared to the HK Hospitality industry average.
X
Value checks
We assess Tai Hing Group Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Tai Hing Group Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

6811 Future Performance

 How is Tai Hing Group Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tai Hing Group Holdings expected to grow at an attractive rate?
  • Tai Hing Group Holdings's earnings growth is positive but not above the low risk savings rate of 2%.
Growth vs Market Checks
  • Tai Hing Group Holdings's earnings growth is positive but not above the Hong Kong market average.
  • Tai Hing Group Holdings's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:6811 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:6811 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 0.9%
SEHK:6811 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 12.7%
Hong Kong Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
Hong Kong Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:6811 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:6811 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,578 538 299 1
2020-12-31 3,985 466 252 1
2019-12-31 3,512 416 210 1
SEHK:6811 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 3,126 546 305
2017-12-31 2,771 186 116
2016-12-31 2,513 172 109

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tai Hing Group Holdings's earnings are expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).
  • Tai Hing Group Holdings's revenue is expected to grow by 12.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:6811 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Tai Hing Group Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:6811 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.30 0.30 0.30 1.00
2020-12-31 0.25 0.25 0.25 1.00
2019-12-31 0.21 0.21 0.21 1.00
SEHK:6811 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.41
2017-12-31
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Tai Hing Group Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tai Hing Group Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tai Hing Group Holdings has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

6811 Past Performance

  How has Tai Hing Group Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tai Hing Group Holdings's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Tai Hing Group Holdings's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Tai Hing Group Holdings's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Tai Hing Group Holdings's earnings growth has exceeded the HK Hospitality industry average in the past year (163.6% vs -2.4%).
Earnings and Revenue History
Tai Hing Group Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tai Hing Group Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:6811 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,126.05 304.93 1,486.86
2017-12-31 2,771.28 115.68 1,258.64
2016-12-31 2,512.97 108.64 1,088.87

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Tai Hing Group Holdings made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Tai Hing Group Holdings used its assets more efficiently than the HK Hospitality industry average last year based on Return on Assets.
  • Unable to establish if Tai Hing Group Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Tai Hing Group Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tai Hing Group Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

6811 Health

 How is Tai Hing Group Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tai Hing Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tai Hing Group Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Tai Hing Group Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tai Hing Group Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tai Hing Group Holdings Company Filings, last reported 6 months ago.

SEHK:6811 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 366.05 537.16 243.01
2017-12-31 197.66 1,019.18 222.37
2016-12-31 866.05 889.64 156.61
  • Tai Hing Group Holdings's level of debt (146.7%) compared to net worth is high (greater than 40%).
  • Unable to establish if Tai Hing Group Holdings's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (101.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.8x coverage).
X
Financial health checks
We assess Tai Hing Group Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tai Hing Group Holdings has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

6811 Dividends

 What is Tai Hing Group Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Tai Hing Group Holdings dividends.
If you bought HK$2,000 of Tai Hing Group Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Tai Hing Group Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tai Hing Group Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:6811 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Hong Kong Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 2.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:6811 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Tai Hing Group Holdings has not reported any payouts.
  • Unable to verify if Tai Hing Group Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tai Hing Group Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tai Hing Group Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tai Hing Group Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tai Hing Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tai Hing Group Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

6811 Management

 What is the CEO of Tai Hing Group Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Tai Hing Group Holdings has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Tai Hing Group Holdings management team in years:

0.8
Average Tenure
58
Average Age
  • The average tenure for the Tai Hing Group Holdings management team is less than 2 years, this suggests a new team.
Management Team

Wing Chan

TITLE
Chairman
AGE
60

Edmond Wong

TITLE
Senior Director of Finance Department
AGE
43
TENURE
0.5 yrs

Chi Yuen

TITLE
Executive Director
AGE
65

Hon Lau

TITLE
Executive Director
AGE
61

Jo Jo Chan

TITLE
Executive Director
AGE
54

Siu Ho

TITLE
GM & Director of Chinese Gourmet
AGE
56
TENURE
0.8 yrs

Man Yiu

TITLE
GM & Director of Central Production & Product Development
AGE
60
TENURE
0.8 yrs

Tai Lam

TITLE
GM & Director of Mainland China
AGE
54
TENURE
2.3 yrs

Wai Sin

TITLE
GM & Director of Corporate Management
AGE
61
TENURE
3.5 yrs

Ka Chan

TITLE
General Manager of Casual Dining
AGE
38
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the Tai Hing Group Holdings board of directors in years:

0.6
Average Tenure
61
Average Age
  • The average tenure for the Tai Hing Group Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Wing Chan

TITLE
Chairman
AGE
60
TENURE
30 yrs

Chi Yuen

TITLE
Executive Director
AGE
65
TENURE
0.6 yrs

Hon Lau

TITLE
Executive Director
AGE
61
TENURE
0.6 yrs

Jo Jo Chan

TITLE
Executive Director
AGE
54
TENURE
0.6 yrs

Ping Ho

TITLE
Non-Executive Director
AGE
61
TENURE
0.6 yrs

Peter Wong

TITLE
Independent Non-Executive Director
AGE
78
TENURE
0.2 yrs

Wah Cheung Mak

TITLE
Independent Non-Executive Director
AGE
69
TENURE
0.2 yrs

Chui Sat

TITLE
Independent Non-Executive Director
AGE
51
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Tai Hing Group Holdings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
11. Jul 19 Buy Wing Chan Individual 08. Jul 19 08. Jul 19 65,000 HK$2.60 HK$169,000
08. Jul 19 Buy Chun Fat Company Limited Company 04. Jul 19 04. Jul 19 600,000 HK$2.74 HK$1,642,019
04. Jul 19 Buy Chun Fat Company Limited Company 03. Jul 19 03. Jul 19 1,110,000 HK$2.75 HK$3,050,169
03. Jul 19 Buy Chun Fat Company Limited Company 28. Jun 19 28. Jun 19 2,597,000 HK$2.75 HK$7,147,720
03. Jul 19 Buy Chun Fat Company Limited Company 02. Jul 19 02. Jul 19 756,000 HK$2.71 HK$2,052,465
02. Jul 19 Buy Chun Fat Company Limited Company 27. Jun 19 27. Jun 19 2,981,000 HK$2.81 HK$8,374,820
02. Jul 19 Buy Wing Chan Individual 27. Jun 19 27. Jun 19 200,000 HK$2.79 HK$557,999
28. Jun 19 Buy Chun Fat Company Limited Company 26. Jun 19 26. Jun 19 2,754,000 HK$2.71 HK$7,469,949
18. Jun 19 Buy Wing Chan Individual 13. Jun 19 13. Jun 19 600,000 HK$2.67 HK$1,599,000
19. Jun 19 Buy Wing Chan Individual 14. Jun 19 14. Jun 19 100,000 HK$2.98 HK$298,000
X
Management checks
We assess Tai Hing Group Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tai Hing Group Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

6811 News

Simply Wall St News

6811 Company Info

Description

Tai Hing Group Holdings Limited operates as a multi-brand casual dining restaurant company. As of May 21, 2019, it had 191 restaurants, including 184 self-operated restaurants and 7 restaurants operated by franchisees in Hong Kong, Mainland China, Macau, and Taiwan under the Tai Hing, TeaWood, Trusty Congee King, Men Wah Bing Teng, Ph? Lê, Tokyo Tsukiji, Fisher & Farmer, Rice Rule, and Hot Pot Couple brands. The company was founded in 1989 and is based in Quarry Bay, Hong Kong.

Details
Name: Tai Hing Group Holdings Limited
6811
Exchange: SEHK
Founded: 1989
HK$2,310,000,000
1,000,000,000
Website: http://www.taihing.com
Address: Tai Hing Group Holdings Limited
Chinachem Exchange Square,
13th Floor,
Quarry Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 6811 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 13. Jun 2019
Number of employees
Current staff
Staff numbers
6,904
Tai Hing Group Holdings employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 13:07
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.