company background image
1960

TBK & Sons Holdings SEHK:1960 Stock Report

Last Price

HK$0.39

Market Cap

HK$385.0m

7D

-3.8%

1Y

-8.3%

Updated

29 Jun, 2022

Data

Company Financials
1960 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends0/6

1960 Stock Overview

TBK & Sons Holdings Limited undertakes civil and structural works in the oil and gas industry in Malaysia.

TBK & Sons Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for TBK & Sons Holdings
Historical stock prices
Current Share PriceHK$0.39
52 Week HighHK$0.50
52 Week LowHK$0.36
Beta-0.099
1 Month Change-3.75%
3 Month Change-6.10%
1 Year Change-8.33%
3 Year Changen/a
5 Year Changen/a
Change since IPO-51.88%

Recent News & Updates

Nov 19
TBK & Sons Holdings (HKG:1960) Will Be Hoping To Turn Its Returns On Capital Around

TBK & Sons Holdings (HKG:1960) Will Be Hoping To Turn Its Returns On Capital Around

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...

Aug 19
Here's What's Concerning About TBK & Sons Holdings' (HKG:1960) Returns On Capital

Here's What's Concerning About TBK & Sons Holdings' (HKG:1960) Returns On Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...

Shareholder Returns

1960HK Energy ServicesHK Market
7D-3.8%3.0%3.1%
1Y-8.3%-2.8%-21.2%

Return vs Industry: 1960 underperformed the Hong Kong Energy Services industry which returned -2.8% over the past year.

Return vs Market: 1960 exceeded the Hong Kong Market which returned -20.1% over the past year.

Price Volatility

Is 1960's price volatile compared to industry and market?
1960 volatility
1960 Average Weekly Movement7.9%
Energy Services Industry Average Movement7.0%
Market Average Movement6.9%
10% most volatile stocks in HK Market13.7%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 1960 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: 1960's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1975324Han Tanhttps://www.tbkssb.com.my

TBK & Sons Holdings Limited undertakes civil and structural works in the oil and gas industry in Malaysia. The company’s civil and structural works services include site preparation works, such as earthwork, demolition works, and temporary facilities, as well as infrastructure construction, including building temporary site offices, canteens, warehouses, etc.; and civil works for process plants comprise reinforced concrete foundations, pipe supports, ponds, pits, underground and open drainage networks, paving work, and related plant civil maintenance works. It also undertakes building works, such as the building of sub-stations, field auxiliary rooms, workshops, and storage buildings, etc. in addition, the company trades in oil and related products in the People’s Republic of China.

TBK & Sons Holdings Fundamentals Summary

How do TBK & Sons Holdings's earnings and revenue compare to its market cap?
1960 fundamental statistics
Market CapRM215.93m
Earnings (TTM)RM2.44m
Revenue (TTM)RM466.25m

88.9x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1960 income statement (TTM)
RevenueRM466.25m
Cost of RevenueRM448.94m
Gross ProfitRM17.31m
Other ExpensesRM14.87m
EarningsRM2.44m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0024
Gross Margin3.71%
Net Profit Margin0.52%
Debt/Equity Ratio2.1%

How did 1960 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 1960 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1960?

Other financial metrics that can be useful for relative valuation.

1960 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA45.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 1960's PE Ratio compare to its peers?

1960 PE Ratio vs Peers
The above table shows the PE ratio for 1960 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average23.7x
1586 China Leon Inspection Holding
13.6xn/aHK$678.1m
1251 SPT Energy Group
52.3x53.8%HK$537.6m
206 CMIC Ocean En-Tech Holding
11.4xn/aHK$827.1m
1623 Hilong Holding
17.4x32.9%HK$899.1m
1960 TBK & Sons Holdings
88.9xn/aHK$385.0m

Price-To-Earnings vs Peers: 1960 is expensive based on its Price-To-Earnings Ratio (88.9x) compared to the peer average (23.7x).


Price to Earnings Ratio vs Industry

How does 1960's PE Ratio compare vs other companies in the Asian Energy Services Industry?

Price-To-Earnings vs Industry: 1960 is expensive based on its Price-To-Earnings Ratio (88.9x) compared to the Hong Kong Energy Services industry average (47.7x)


Price to Earnings Ratio vs Fair Ratio

What is 1960's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1960 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio88.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1960's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1960 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 1960's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 1960's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1960's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is TBK & Sons Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


38.4%

Forecasted Energy 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 TBK & Sons 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.


Discover growth companies

  • Examine TBK & Sons Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • TBK & Sons Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has TBK & Sons Holdings performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-48.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1960 has a large one-off gain of MYR1.1M impacting its December 31 2021 financial results.

Growing Profit Margin: 1960 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 1960's earnings have declined by 48.5% per year over the past 5 years.

Accelerating Growth: 1960 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 1960 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-75%).


Return on Equity

High ROE: 1960's Return on Equity (1.7%) is considered low.


Discover strong past performing companies

Financial Health

How is TBK & Sons Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1960's short term assets (MYR186.4M) exceed its short term liabilities (MYR62.6M).

Long Term Liabilities: 1960's short term assets (MYR186.4M) exceed its long term liabilities (MYR3.6M).


Debt to Equity History and Analysis

Debt Level: 1960 has more cash than its total debt.

Reducing Debt: 1960's debt to equity ratio has reduced from 75.2% to 2.1% over the past 5 years.

Debt Coverage: 1960's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 1960 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is TBK & Sons Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1960's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1960'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 1960's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1960's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 1960 has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Han Tan (57 yo)

3.42yrs

Tenure

RM1,312,000

Compensation

Mr. Han Peng Tan has been Chief Executive Officer and Executive Director at TBK & Sons Holdings Limited since January 29, 2019. He also served as Director at TBK & Sons Holdings Limited since November 8, 2...


CEO Compensation Analysis

Compensation vs Market: Han's total compensation ($USD298.08K) is about average for companies of similar size in the Hong Kong market ($USD233.43K).

Compensation vs Earnings: Han's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 1960's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: 1960's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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

TBK & Sons Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: TBK & Sons Holdings Limited
  • Ticker: 1960
  • Exchange: SEHK
  • Founded: 1975
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: HK$385.000m
  • Shares outstanding: 1.00b
  • Website: https://www.tbkssb.com.my

Number of Employees


Location

  • TBK & Sons Holdings Limited
  • Lot 333, Kampung Paya
  • Batu 2 Jalan Seremban
  • Port Dickson
  • Negeri Sembilan
  • 71000
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.