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Tsit Wing International Holdings

Market Cap

HK$749.4m

Last Updated

2021/04/14 10:18 UTC

Data Sources

Company Financials

Executive Summary

Tsit Wing International Holdings Limited, an investment holding company, provides beverages and food products in Hong Kong, Mainland China, Canada, Australia, the United States, Taiwan, the Philippines, Malaysia, and internationally. More Details


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

How has Tsit Wing International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2119 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 2119's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

0%

2119

-1.7%

HK Food

-2.5%

HK Market


1 Year Return

2.0%

2119

22.6%

HK Food

26.4%

HK Market

Return vs Industry: 2119 underperformed the Hong Kong Food industry which returned 23.4% over the past year.

Return vs Market: 2119 underperformed the Hong Kong Market which returned 29.5% over the past year.


Shareholder returns

2119IndustryMarket
7 Day0%-1.7%-2.5%
30 Day-3.7%-3.0%-1.8%
90 Day1.0%-5.1%0.5%
1 Year6.9%2.0%26.5%22.6%31.2%26.4%
3 Yearn/a22.2%12.4%6.0%-5.2%
5 Yearn/a49.8%31.0%47.3%22.5%

Long-Term Price Volatility Vs. Market

How volatile is Tsit Wing International Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tsit Wing International Holdings undervalued compared to its fair value and its price relative to the market?

8.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2119 (HK$1.04) is trading below our estimate of fair value (HK$1.14)

Significantly Below Fair Value: 2119 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 2119 is good value based on its PE Ratio (10.1x) compared to the HK Food industry average (11.1x).

PE vs Market: 2119 is good value based on its PE Ratio (10.1x) compared to the Hong Kong market (11.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2119's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2119 is overvalued based on its PB Ratio (1.4x) compared to the HK Food industry average (0.9x).


Future Growth

How is Tsit Wing International Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.7%

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 Tsit Wing International 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.


Past Performance

How has Tsit Wing International Holdings performed over the past 5 years?

12.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2119 has high quality earnings.

Growing Profit Margin: 2119's current net profit margins (12%) are higher than last year (11.4%).


Past Earnings Growth Analysis

Earnings Trend: 2119's earnings have grown by 12.5% per year over the past 5 years.

Accelerating Growth: 2119's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2119 had negative earnings growth (-14.5%) over the past year, making it difficult to compare to the Food industry average (12.8%).


Return on Equity

High ROE: 2119's Return on Equity (13.9%) is considered low.


Financial Health

How is Tsit Wing International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 2119's short term assets (HK$522.7M) exceed its short term liabilities (HK$121.5M).

Long Term Liabilities: 2119's short term assets (HK$522.7M) exceed its long term liabilities (HK$10.8M).


Debt to Equity History and Analysis

Debt Level: 2119's debt to equity ratio (2.2%) is considered satisfactory.

Reducing Debt: 2119's debt to equity ratio has reduced from 66.2% to 2.2% over the past 5 years.

Debt Coverage: 2119's debt is well covered by operating cash flow (877.3%).

Interest Coverage: 2119 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Tsit Wing International Holdings's current dividend yield, its reliability and sustainability?

5.37%

Current Dividend Yield


Upcoming Dividend Payment

TodayApr 14 2021Ex Dividend DateMay 04 2021Dividend Pay DateMay 25 202121 days from Ex DividendBuy in the next 19 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 2119's dividend (5.37%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.97%).

High Dividend: 2119's dividend (5.37%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.01%).


Stability and Growth of Payments

Stable Dividend: 2119 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 2119 has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.1%), 2119's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.3yrs

Average board tenure


CEO

Peter Wong (66 yo)

no data

Tenure

HK$7,460,000

Compensation

Mr. Tat Tong Wong serves as Chief Executive Officer of TSIT Wing International Holdings Ltd. at Tsit Wing (China) Holdings Limited and TSIT Wing (China) Investment Company Limited. Mr. Wong has been Chairm...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD959.70K) is above average for companies of similar size in the Hong Kong market ($USD231.41K).

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


Board Members

Experienced Board: 2119's board of directors are considered experienced (3.3 years average tenure).


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

Tsit Wing International Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tsit Wing International Holdings Limited
  • Ticker: 2119
  • Exchange: SEHK
  • Founded: 1932
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: HK$749.423m
  • Shares outstanding: 720.60m
  • Website: https://www.twcoffee.com

Number of Employees


Location

  • Tsit Wing International Holdings Limited
  • Kwai Tak Industrial Centre
  • Flats F-J
  • Kwai Chung
  • New Territories
  • Hong Kong

Listings


Biography

Tsit Wing International Holdings Limited, an investment holding company, provides beverages and food products in Hong Kong, Mainland China, Canada, Australia, the United States, Taiwan, the Philippines, Ma...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/14 10:18
End of Day Share Price2021/04/14 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.