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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 322 matched the Hong Kong Food industry which returned 13% over the past year.
Return vs Market: 322 exceeded the Hong Kong Market which returned 6.6% 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
1 week ago | Simply Wall StTingyi (Cayman Islands) Holding (HKG:322) Is Growing Earnings But Are They A Good Guide?
3 weeks ago | Simply Wall StDo Tingyi (Cayman Islands) Holding's (HKG:322) Earnings Warrant Your Attention?
1 month ago | Simply Wall StWhat To Know Before Buying Tingyi (Cayman Islands) Holding Corp. (HKG:322) For Its Dividend
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$13.62) is trading below our estimate of fair value (HK$17.36)
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 (20.6x) compared to the HK Food industry average (11.2x).
PE vs Market: 322 is poor value based on its PE Ratio (20.6x) compared to the Hong Kong market (10.3x).
Price to Earnings Growth Ratio
PEG Ratio: 322 is poor value based on its PEG Ratio (5.6x)
Price to Book Ratio
PB vs Industry: 322 is overvalued based on its PB Ratio (3.5x) 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 20 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 322's forecast earnings growth (3.7% per year) is above the savings rate (1.6%).
Earnings vs Market: 322's earnings (3.7% per year) are forecast to grow slower than the Hong Kong market (18.7% per year).
High Growth Earnings: 322's earnings are forecast to grow, but not significantly.
Revenue vs Market: 322's revenue (4.2% per year) is forecast to grow slower than the Hong Kong market (11.4% per year).
High Growth Revenue: 322's revenue (4.2% 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 (17.7%).
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 19.6%.
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 (63.3%).
Interest Coverage: 322 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Tingyi (Cayman Islands) Holding current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 322's dividend (4.82%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.35%).
High Dividend: 322's dividend (4.82%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.76%).
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 not forecast to be well covered by earnings (93.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
James Wei (63 yo)
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 ...
CEO Compensation Analysis
Compensation vs Market: James's total compensation ($USD3.98M) is above average for companies of similar size in the Hong Kong market ($USD853.97K).
Compensation vs Earnings: James's compensation has increased by more than 20% in the past year.
|Chairman of the Board||1.58yrs||CN¥10.00m||0.089% |
|Vice Chairman||6.75yrs||CN¥773.00k||no data|
|Executive Director||5.25yrs||CN¥566.00k||no data|
|Executive Director||1.58yrs||CN¥9.34m||0.063% |
|Executive Director||1yr||CN¥282.00k||no data|
|Executive Director||0.67yr||no data||no data|
|Independent Non-Executive Director||15.92yrs||CN¥455.00k||no data|
|Independent Non-Executive Director||20.83yrs||CN¥455.00k||no data|
|Independent Non-Executive Director||8.58yrs||CN¥455.00k||no data|
Experienced Board: 322's board of directors are considered experienced (5.3 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$76.599b
- Shares outstanding: 5.62b
- Website: https://www.masterkong.com.cn
Number of Employees
- Tingyi (Cayman Islands) Holding Corp.
- Building A
- No. 1688, Wuzhong Road
- Shanghai Province
|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 oper ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/14 19:29|
|End of Day Share Price||2020/08/14 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.