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Tianyun International Holdings

Market Cap

HK$1.6b

Last Updated

2021/04/14 10:23 UTC

Data Sources

Company Financials +

Executive Summary

Tianyun International Holdings Limited, an investment holding company, manufactures and sells processed fruit products; and trades fresh fruits in the People’s Republic of China, Hong Kong, and internationally. More Details

Rewards

PE ratio (8.9x) is below the Hong Kong market (11.6x)

Earnings are forecast to grow 17.65% per year

Risk Analysis

6836 passed our risk checks.


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 6836 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 6836's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-1.8%

6836

-1.7%

HK Food

-2.5%

HK Market


1 Year Return

100.0%

6836

22.6%

HK Food

26.4%

HK Market

Return vs Industry: 6836 exceeded the Hong Kong Food industry which returned 23.4% over the past year.

Return vs Market: 6836 exceeded the Hong Kong Market which returned 29.5% over the past year.


Shareholder returns

6836IndustryMarket
7 Day-1.8%-1.7%-2.5%
30 Day-15.2%-3.0%-1.8%
90 Day5.2%-5.1%0.5%
1 Year106.3%100.0%26.5%22.6%31.2%26.4%
3 Year27.1%14.1%22.2%12.4%6.0%-5.2%
5 Year110.0%72.3%49.8%31.0%47.3%22.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 6836 (HK$1.6) is trading above our estimate of fair value (HK$1.57)

Significantly Below Fair Value: 6836 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 6836 is good value based on its PE Ratio (8.9x) compared to the HK Food industry average (11.1x).

PE vs Market: 6836 is good value based on its PE Ratio (8.9x) compared to the Hong Kong market (11.6x).


Price to Earnings Growth Ratio

PEG Ratio: 6836 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 6836 is overvalued based on its PB Ratio (1.3x) compared to the HK Food industry average (0.9x).


Future Growth

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

17.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6836's forecast earnings growth (17.6% per year) is above the savings rate (1.5%).

Earnings vs Market: 6836's earnings (17.6% per year) are forecast to grow slower than the Hong Kong market (19.7% per year).

High Growth Earnings: 6836's earnings are forecast to grow, but not significantly.

Revenue vs Market: 6836's revenue (18.2% per year) is forecast to grow faster than the Hong Kong market (13.8% per year).

High Growth Revenue: 6836's revenue (18.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6836's Return on Equity is forecast to be low in 3 years time (16.2%).


Past Performance

How has Tianyun International Holdings performed over the past 5 years?

7.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6836 has high quality earnings.

Growing Profit Margin: 6836's current net profit margins (17.6%) are higher than last year (15.9%).


Past Earnings Growth Analysis

Earnings Trend: 6836's earnings have grown by 7.4% per year over the past 5 years.

Accelerating Growth: 6836's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6836 had negative earnings growth (-11.7%) over the past year, making it difficult to compare to the Food industry average (12.8%).


Return on Equity

High ROE: 6836's Return on Equity (14.7%) is considered low.


Financial Health

How is Tianyun International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 6836's short term assets (CN¥838.3M) exceed its short term liabilities (CN¥343.2M).

Long Term Liabilities: 6836's short term assets (CN¥838.3M) exceed its long term liabilities (CN¥4.6M).


Debt to Equity History and Analysis

Debt Level: 6836's debt to equity ratio (25.8%) is considered satisfactory.

Reducing Debt: 6836's debt to equity ratio has increased from 14% to 25.8% over the past 5 years.

Debt Coverage: 6836's debt is well covered by operating cash flow (80.2%).

Interest Coverage: 6836 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

4.45%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 6836's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 6836'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 6836's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6836's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 6836 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 6836'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?

4.7yrs

Average management tenure


CEO

Ziyuan Yang (56 yo)

9.58yrs

Tenure

CN¥1,923,000

Compensation

Mr. Ziyuan Yang has been the Chairman of the Board and Chief Executive Officer at Tianyun International Holdings Limited. since September 08, 2011. Mr. Yang is responsible for the overall planning and stra...


CEO Compensation Analysis

Compensation vs Market: Ziyuan's total compensation ($USD293.71K) is about average for companies of similar size in the Hong Kong market ($USD298.35K).

Compensation vs Earnings: Ziyuan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: 6836's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: 6836's board of directors are considered experienced (6.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 6836 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

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


Key Information

  • Name: Tianyun International Holdings Limited
  • Ticker: 6836
  • Exchange: SEHK
  • Founded: 2003
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: HK$1.564b
  • Shares outstanding: 977.46m
  • Website: https://www.tianyuninternational.com

Number of Employees


Location

  • Tianyun International Holdings Limited
  • Middle Phoenix Street
  • Hedong District
  • Linyi
  • Shandong Province
  • China

Listings


Biography

Tianyun International Holdings Limited, an investment holding company, manufactures and sells processed fruit products; and trades fresh fruits in the People’s Republic of China, Hong Kong, and internation...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/14 10:23
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.