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1115

Tibet Water Resources SEHK:1115 Stock Report

Last Price

HK$0.45

Market Cap

HK$1.3b

7D

-2.2%

1Y

-21.1%

Updated

04 Oct, 2022

Data

Company Financials
1115 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends0/6

1115 Stock Overview

Tibet Water Resources Ltd., an investment holding company, manufactures fast-consuming beverages in the People’s Republic of China.

Tibet Water Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tibet Water Resources
Historical stock prices
Current Share PriceHK$0.45
52 Week HighHK$0.77
52 Week LowHK$0.40
Beta1.29
1 Month Change-21.05%
3 Month Change-34.78%
1 Year Change-21.05%
3 Year Change-67.39%
5 Year Change-84.95%
Change since IPO-87.81%

Recent News & Updates

Shareholder Returns

1115HK BeverageHK Market
7D-2.2%-0.5%-4.3%
1Y-21.1%8.7%-28.3%

Return vs Industry: 1115 underperformed the Hong Kong Beverage industry which returned 8.7% over the past year.

Return vs Market: 1115 exceeded the Hong Kong Market which returned -28.3% over the past year.

Price Volatility

Is 1115's price volatile compared to industry and market?
1115 volatility
1115 Average Weekly Movement12.3%
Beverage Industry Average Movement4.9%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.7%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 1115 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: 1115's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
2006371Dong Wanghttps://www.twr1115.net

Tibet Water Resources Ltd., an investment holding company, manufactures fast-consuming beverages in the People’s Republic of China. It operates in two segments, Water and Beer. The Water segment manufactures and sells a range of water products through wholesales under the 5100 Glacial Water, Highland Barley Beer, Zhuoma Spring, and Gesang Spring brand names; sells raw materials and consumables to associates and third parties; leases production lines and a plant to associates; and provides lending services to third parties in Hong Kong with relevant license.

Tibet Water Resources Fundamentals Summary

How do Tibet Water Resources's earnings and revenue compare to its market cap?
1115 fundamental statistics
Market CapHK$1.35b
Earnings (TTM)HK$11.22m
Revenue (TTM)HK$459.74m

120.3x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1115 income statement (TTM)
RevenueCN¥416.64m
Cost of RevenueCN¥252.44m
Gross ProfitCN¥164.20m
Other ExpensesCN¥154.03m
EarningsCN¥10.17m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.0034
Gross Margin39.41%
Net Profit Margin2.44%
Debt/Equity Ratio26.8%

How did 1115 perform over the long term?

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

Valuation

Is 1115 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1115?

Other financial metrics that can be useful for relative valuation.

1115 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/Revenue2.2x
Enterprise Value/EBITDA10.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 1115's PE Ratio compare to its peers?

1115 PE Ratio vs Peers
The above table shows the PE ratio for 1115 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.4x
506 China Foods
9.2x10.5%HK$6.6b
1446 Hung Fook Tong Group Holdings
17.1xn/aHK$190.2m
9977 Shandong Fengxiang
34.4x107.6%HK$1.4b
1837 Natural Food International Holding
8.9x16.6%HK$984.8m
1115 Tibet Water Resources
120.3xn/aHK$1.3b

Price-To-Earnings vs Peers: 1115 is expensive based on its Price-To-Earnings Ratio (120.3x) compared to the peer average (17.4x).


Price to Earnings Ratio vs Industry

How does 1115's PE Ratio compare vs other companies in the Asian Beverage Industry?

Price-To-Earnings vs Industry: 1115 is expensive based on its Price-To-Earnings Ratio (120.3x) compared to the Asian Beverage industry average (23.3x)


Price to Earnings Ratio vs Fair Ratio

What is 1115'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.

1115 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio120.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1115's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1115 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1115 (HK$0.45) is trading below our estimate of fair value (HK$0.82)

Significantly Below Fair Value: 1115 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Tibet Water Resources 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


15.8%

Forecasted Food, Beverage & Tobacco 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 Tibet Water Resources 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

  • Take a look at our analysis of 1115’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Tibet Water Resources competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Tibet Water Resources 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


-35.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1115 has a large one-off gain of CN¥18.8M impacting its June 30 2022 financial results.

Growing Profit Margin: 1115's current net profit margins (2.4%) are higher than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: 1115's earnings have declined by 35.2% per year over the past 5 years.

Accelerating Growth: 1115's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1115 had negative earnings growth (-9%) over the past year, making it difficult to compare to the Beverage industry average (13.3%).


Return on Equity

High ROE: 1115's Return on Equity (0.4%) is considered low.


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Financial Health

How is Tibet Water Resources's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1115's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.0B).

Long Term Liabilities: 1115's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥329.1M).


Debt to Equity History and Analysis

Debt Level: 1115 has more cash than its total debt.

Reducing Debt: 1115's debt to equity ratio has increased from 25.5% to 26.8% over the past 5 years.

Debt Coverage: 1115's debt is not well covered by operating cash flow (10.9%).

Interest Coverage: 1115's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


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Dividend

What is Tibet Water Resources'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

  • Cash Flow Coverage

Dividend Yield vs Market

Tibet Water Resources Dividend Yield vs Market
How does Tibet Water Resources dividend yield compare to the market?
SegmentDividend Yield
Company (Tibet Water Resources)0%
Market Bottom 25% (HK)3.1%
Market Top 25% (HK)9.0%
Industry Average (Beverage)1.2%
Analyst forecast in 3 Years (Tibet Water Resources)n/a

Notable Dividend: Unable to evaluate 1115's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1115'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 1115's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1115's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 1115 is not paying a notable dividend for the Hong Kong market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 1115 has not reported any payouts.


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Management

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

5.2yrs

Average management tenure


CEO

Dong Wang (57 yo)

5.17yrs

Tenure

CN¥1,271,000

Compensation

Mr. Dong Wang has been the Chief Executive Officer of Xinjiang Tianshan Industrial Investment Fund Management Co., Ltd., since September 2016. Mr. Wang is Chief Executive Officer of Tibet Water Resources L...


CEO Compensation Analysis

Dong Wang's Compensation vs Tibet Water Resources Earnings
How has Dong Wang's remuneration changed compared to Tibet Water Resources's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

CN¥10m

Mar 31 2022n/an/a

CN¥29m

Dec 31 2021CN¥1mCN¥1m

CN¥47m

Sep 30 2021n/an/a

CN¥29m

Jun 30 2021n/an/a

CN¥11m

Mar 31 2021n/an/a

CN¥14m

Dec 31 2020CN¥1mCN¥1m

CN¥17m

Sep 30 2020n/an/a

-CN¥412m

Jun 30 2020n/an/a

-CN¥842m

Mar 31 2020n/an/a

-CN¥793m

Dec 31 2019CN¥2mCN¥1m

-CN¥745m

Sep 30 2019n/an/a

-CN¥226m

Jun 30 2019n/an/a

CN¥294m

Mar 31 2019n/an/a

CN¥306m

Dec 31 2018CN¥1mCN¥1m

CN¥318m

Sep 30 2018n/an/a

CN¥321m

Jun 30 2018n/an/a

CN¥325m

Mar 31 2018n/an/a

CN¥320m

Dec 31 2017CN¥1mCN¥759k

CN¥315m

Compensation vs Market: Dong's total compensation ($USD178.66K) is below average for companies of similar size in the Hong Kong market ($USD308.73K).

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


Leadership Team

Experienced Management: 1115's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: 1115's board of directors are not considered experienced ( 0.8 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: 1115 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SEHK:1115 Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
21 Jul 22BuyHK$127,498,968Zhi WangIndividual300,000,000HK$0.42

Ownership Breakdown

What is the ownership structure of 1115?
Owner TypeNumber of SharesOwnership Percentage
Institutions19,597,9040.7%
Individual Insiders305,017,00010.2%
VC/PE Firms462,400,74015.4%
Private Companies465,367,96015.5%
General Public1,741,381,39658.2%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.2%.


Top Shareholders

Top 9 shareholders own 41.83% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
15.45%
Xinjiang Tianshan Industrial Investment Fund Management Co., Ltd.
462,400,740CN¥208.1m0%no data
14.61%
Tibet Water Resources Limited
437,410,960CN¥196.8m0%no data
10.19%
Zhi Wang
305,000,000CN¥137.3m0%no data
0.93%
Junson Development International Limited
27,957,000CN¥12.6m0%no data
0.62%
Dimensional Fund Advisors LP
18,678,904CN¥8.4m-0.99%no data
0.03%
State Street Global Advisors, Inc.
900,000CN¥405.0k1243.28%no data
0.00063%
American Century Investment Management Inc
19,000CN¥8.6k0%no data
0.00053%
Yang Dai
16,000CN¥7.2k0%no data
0.00003%
Wai Kit Chow
1,000CN¥450.00%no data

Company Information

Tibet Water Resources Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Tibet Water Resources Ltd.
  • Ticker: 1115
  • Exchange: SEHK
  • Founded: 2006
  • Industry: Soft Drinks
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: HK$1.347b
  • Shares outstanding: 2.99b
  • Website: https://www.twr1115.net

Number of Employees


Location

  • Tibet Water Resources Ltd.
  • Unit D, United Centre
  • 23rd Floor
  • Admiralty
  • Hong Kong


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1115SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 2011

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.