Tingyi (Cayman Islands) Holding Corp., an investment holding company, engages in the manufacture and sale of instant noodles, beverages, and instant food products in the People’s Republic of China.
Solid track record with adequate balance sheet.
Share Price & News
How has Tingyi (Cayman Islands) Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 322's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 322 exceeded the Hong Kong Food industry which returned -10% over the past year.
Return vs Market: 322 exceeded the Hong Kong Market which returned -20.3% over the past year.
Price Volatility Vs. Market
How volatile is Tingyi (Cayman Islands) Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StTingyi (Cayman Islands) Holding Corp. Just Beat EPS By 19%: Here's What Analysts Think Will Happen Next
2 weeks ago | Simply Wall StIs Tingyi (Cayman Islands) Holding Corp.'s (HKG:322) 1.9% Dividend Worth Your Time?
3 weeks ago | Simply Wall StIs Tingyi (Cayman Islands) Holding (HKG:322) Using Too Much Debt?
Is Tingyi (Cayman Islands) Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 322 (HK$12.26) is trading below our estimate of fair value (HK$19.34)
Significantly Below Fair Value: 322 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 322 is poor value based on its PE Ratio (18.9x) compared to the Food industry average (10.6x).
PE vs Market: 322 is poor value based on its PE Ratio (18.9x) compared to the Hong Kong market (9x).
Price to Earnings Growth Ratio
PEG Ratio: 322 is poor value based on its PEG Ratio (6x)
Price to Book Ratio
PB vs Industry: 322 is overvalued based on its PB Ratio (3.2x) compared to the HK Food industry average (0.8x).
How is Tingyi (Cayman Islands) Holding forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 322's forecast earnings growth (3.2% per year) is above the savings rate (1.6%).
Earnings vs Market: 322's earnings (3.2% per year) are forecast to grow slower than the Hong Kong market (12.8% per year).
High Growth Earnings: 322's earnings are forecast to grow, but not significantly.
Revenue vs Market: 322's revenue (4.1% per year) is forecast to grow slower than the Hong Kong market (9.9% per year).
High Growth Revenue: 322's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 322's Return on Equity is forecast to be low in 3 years time (17.4%).
How has Tingyi (Cayman Islands) Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 322 has high quality earnings.
Growing Profit Margin: 322's current net profit margins (5.4%) are higher than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: 322's earnings have grown by 9% per year over the past 5 years.
Accelerating Growth: 322's earnings growth over the past year (35.2%) exceeds its 5-year average (9% per year).
Earnings vs Industry: 322 earnings growth over the past year (35.2%) exceeded the Food industry 8.8%.
Return on Equity
High ROE: 322's Return on Equity (16.1%) is considered low.
How is Tingyi (Cayman Islands) Holding's financial position?
Financial Position Analysis
Short Term Liabilities: 322's short term assets (CN¥25.4B) do not cover its short term liabilities (CN¥28.3B).
Long Term Liabilities: 322's short term assets (CN¥25.4B) exceed its long term liabilities (CN¥6.6B).
Debt to Equity History and Analysis
Debt Level: 322's debt to equity ratio (53.7%) is considered high.
Reducing Debt: 322's debt to equity ratio has reduced from 64.2% to 53.7% over the past 5 years.
Debt Coverage: 322's debt is well covered by operating cash flow (50.2%).
Interest Coverage: 322 earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: 322 has a high level of physical assets or inventory.
Debt Coverage by Assets: 322's debt is covered by short term assets (assets are 2.1x debt).
What is Tingyi (Cayman Islands) Holding's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 322's dividend (5.34%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.67%).
High Dividend: 322's dividend (5.34%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.29%).
Stability and Growth of Payments
Stable Dividend: 322's dividend payments have been volatile in the past 10 years.
Growing Dividend: 322's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.8%), 322's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 322's dividends in 3 years are forecast to be covered by earnings (88.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
James Wei (62yo)
Mr. Chun-Hsien Wei, also known as James has been the Chief Executive Officer of Tingyi Cayman Islands Holding Corp. since January 1, 2015 and served as its Chief Executive Officer of Food Business since Ja ...
CEO Compensation Analysis
Compensation vs Market: James's total compensation ($USD2.92M) is above average for companies of similar size in the Hong Kong market ($USD718.74K).
Compensation vs Earnings: James's compensation has been consistent with company performance over the past year.
|Chairman of the Board||1.17yrs||CN¥3.68m||0.089% CN¥61.3m|
|Vice Chairman||6.25yrs||CN¥743.00k||no data|
|Executive Director||4.83yrs||CN¥544.00k||no data|
|Executive Director||1.17yrs||no data||0.063% CN¥43.1m|
|Executive Director||0.58yr||no data||no data|
|Executive Director||0.25yr||no data||no data|
|Independent Non-Executive Director||15.42yrs||CN¥412.00k||no data|
|Independent Non-Executive Director||20.42yrs||CN¥438.00k||no data|
|Independent Non-Executive Director||8.17yrs||CN¥438.00k||no data|
Experienced Board: 322's board of directors are considered experienced (4.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tingyi (Cayman Islands) Holding Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Tingyi (Cayman Islands) Holding Corp.
- Ticker: 322
- Exchange: SEHK
- Founded: 1992
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: HK$68.948b
- Shares outstanding: 5.62b
- Website: https://www.masterkong.com.cn
Number of Employees
- Tingyi (Cayman Islands) Holding Corp.
- No. 1688, Wuzhong Road
- Minhang District
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|322||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Feb 1996|
|TYG||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Feb 1996|
|TCYM.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Feb 1996|
|322||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Feb 1996|
|322||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Feb 1996|
|TCYM.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||Jan 2006|
|910322||TSEC (Taiwan Stock Exchange)||TDR EACH REPR 1/2 SH||TW||TWD||Dec 2009|
Tingyi (Cayman Islands) Holding Corp., an investment holding company, engages in the manufacture and sale of instant noodles, beverages, and instant food products in the People’s Republic of China. It operates through Instant Noodles, Beverages, Instant Food, and Others segments. The company offers ready-to-drink teas, bottled water, carbonated drinks, juice drinks, egg rolls, and sandwich crackers, as well as coffee drinks/functional drinks/probiotics under the Master Kong brand name. It also provides logistics, properties management, and management services. As of December 31, 2018, the company operated a sales network of 369 sales offices and 108 warehouses, which served 28,415 wholesalers and 140,779 direct retailers. Tingyi (Cayman Islands) Holding Corp. was founded in 1992 and is based in Shanghai, the People’s Republic of China.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 12:52|
|End of Day Share Price||2020/03/31 00:00|
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.