SEHK:1960

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TBK & Sons Holdings

Executive Summary

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


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

1960IndustryMarket
7 Day5.2%13.6%1.1%
30 Day0.5%24.5%7.2%
90 Day15.5%8.3%5.2%
1 Year-3.8%-3.8%-31.2%-32.1%12.6%8.2%
3 Yearn/a-33.7%-35.0%0.4%-10.0%
5 Yearn/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

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

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

NamePositionTenureCompensationOwnership
Hun Tiong Tan
Executive Chairman of the Board1.83yrsRM2.58mno data
Han Tan
CEO & Executive Director1.83yrsRM2.65mno data
Thean Sim
Chief Financial Officerno datano datano data
Yik Low
Head of Contract3.83yrsno datano data
Yeong Tan
Head of Logistics & Fixed Assetsno datano datano data
Wing Lam
Company Secretary1.83yrsno datano 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

NamePositionTenureCompensationOwnership
Hun Tiong Tan
Executive Chairman of the Board1.83yrsRM2.58mno data
Han Tan
CEO & Executive Director1.83yrsRM2.65mno data
Ying Kit Ng
Independent Non-Executive Director0.083yrno datano data
Pey Nee Chooi
Non-Executive Director1.83yrsRM95.00kno data
Hoe Chu
Independent Non-Executive Director1.17yrsRM98.00kno data
Chiou Ng
Independent Non-Executive Director1.17yrsRM98.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1960SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 12:41
End of Day Share Price2020/11/25 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.