Executive Summary
TBK & Sons Holdings Limited undertakes civil and structural works in the oil and gas industry in Malaysia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and fair value.
Similar Companies
Share Price & News
How has TBK & Sons Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1960 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: 1960's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.
Market Performance
7 Day Return
5.2%
1960
13.6%
HK Energy Services
1.1%
HK Market
1 Year Return
-3.8%
1960
-32.1%
HK Energy Services
8.2%
HK Market
Return vs Industry: 1960 exceeded the Hong Kong Energy Services industry which returned -34.8% over the past year.
Return vs Market: 1960 underperformed the Hong Kong Market which returned 7.8% over the past year.
Shareholder returns
| 1960 | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.2% | 13.6% | 1.1% |
| 30 Day | 0.5% | 24.5% | 7.2% |
| 90 Day | 15.5% | 8.3% | 5.2% |
| 1 Year | -3.8%-3.8% | -31.2%-32.1% | 12.6%8.2% |
| 3 Year | n/a | -33.7%-35.0% | 0.4%-10.0% |
| 5 Year | n/a | -53.4%-54.3% | 30.6%8.5% |
Long-Term Price Volatility Vs. Market
How volatile is TBK & Sons Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Should We Be Excited About The Trends Of Returns At TBK & Sons Holdings (HKG:1960)?5 months ago | Simply Wall St
TBK & Sons Holdings's (HKG:1960) Earnings Are Growing But Is There More To The Story?6 months ago | Simply Wall St
TBK & Sons Holdings Limited's (HKG:1960) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?Valuation
Is TBK & Sons Holdings undervalued compared to its fair value and its price relative to the market?
12.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1960 (HK$0.2) is trading below our estimate of fair value (HK$0.23)
Significantly Below Fair Value: 1960 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 1960 is good value based on its PE Ratio (8.2x) compared to the HK Energy Services industry average (11.3x).
PE vs Market: 1960 is good value based on its PE Ratio (8.2x) compared to the Hong Kong market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1960's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1960 is overvalued based on its PB Ratio (0.8x) compared to the HK Energy Services industry average (0.5x).
Next Steps
Future Growth
How is TBK & Sons Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
18.1%
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.
Next Steps
- Examine whether TBK & Sons 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.
- TBK & Sons Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
Past Performance
How has TBK & Sons Holdings performed over the past 5 years?
13.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1960 has a large one-off gain of MYR4.4M impacting its June 30 2020 financial results.
Growing Profit Margin: 1960's current net profit margins (8%) are lower than last year (8.4%).
Past Earnings Growth Analysis
Earnings Trend: 1960's earnings have grown by 13.3% per year over the past 5 years.
Accelerating Growth: 1960's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1960 had negative earnings growth (-25.7%) over the past year, making it difficult to compare to the Energy Services industry average (-18.6%).
Return on Equity
High ROE: 1960's Return on Equity (8.7%) is considered low.
Next Steps
Financial Health
How is TBK & Sons Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1960's short term assets (MYR159.7M) exceed its short term liabilities (MYR37.9M).
Long Term Liabilities: 1960's short term assets (MYR159.7M) exceed its long term liabilities (MYR5.7M).
Debt to Equity History and Analysis
Debt Level: 1960's debt to equity ratio (2.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 1960's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 1960's debt is well covered by operating cash flow (660.7%).
Interest Coverage: 1960's interest payments on its debt are well covered by EBIT (52.5x coverage).
Balance Sheet
Next Steps
Dividend
What is TBK & Sons Holdings's current dividend yield, its reliability and sustainability?
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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 1960'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?
1.8yrs
Average management tenure
CEO
Han Tan (55 yo)
1.83yrs
Tenure
RM2,651,000
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 ($USD648.48K) is above average for companies of similar size in the Hong Kong market ($USD230.39K).
Compensation vs Earnings: Han's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 1.83yrs | RM2.58m | no data | |
| CEO & Executive Director | 1.83yrs | RM2.65m | no data | |
| Chief Financial Officer | no data | no data | no data | |
| Head of Contract | 3.83yrs | no data | no data | |
| Head of Logistics & Fixed Assets | no data | no data | no data | |
| Company Secretary | 1.83yrs | no data | no data |
1.8yrs
Average Tenure
54yo
Average Age
Experienced Management: 1960's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 1.83yrs | RM2.58m | no data | |
| CEO & Executive Director | 1.83yrs | RM2.65m | no data | |
| Independent Non-Executive Director | 0.083yr | no data | no data | |
| Non-Executive Director | 1.83yrs | RM95.00k | no data | |
| Independent Non-Executive Director | 1.17yrs | RM98.00k | no data | |
| Independent Non-Executive Director | 1.17yrs | RM98.00k | no data |
1.5yrs
Average Tenure
51yo
Average Age
Experienced Board: 1960's board of directors are not considered experienced ( 1.5 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
TBK & Sons Holdings Limited's company bio, 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
- Market Cap: HK$200.000m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1960 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Sep 2019 |
Biography
TBK & Sons Holdings Limited undertakes civil and structural works in the oil and gas industry in Malaysia. Its civil and structural works services include site preparation works, such as earthwork, demolit...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/25 12:41 |
| End of Day Share Price | 2020/11/25 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.