Executive Summary
Tsaker Chemical Group Limited, an investment holding company, manufactures and sells fine chemicals. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
Share Price & News
How has Tsaker Chemical Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1986 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: 1986's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
2.2%
1986
17.6%
HK Chemicals
5.1%
HK Market
1 Year Return
-26.7%
1986
36.6%
HK Chemicals
17.5%
HK Market
Return vs Industry: 1986 underperformed the Hong Kong Chemicals industry which returned 25.3% over the past year.
Return vs Market: 1986 underperformed the Hong Kong Market which returned 14.3% over the past year.
Shareholder returns
| 1986 | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.2% | 17.6% | 5.1% |
| 30 Day | -1.4% | 28.2% | 15.0% |
| 90 Day | 6.2% | 50.5% | 19.7% |
| 1 Year | -13.7%-26.7% | 44.6%36.6% | 22.1%17.5% |
| 3 Year | -59.7%-67.0% | -15.7%-30.1% | -1.4%-11.8% |
| 5 Year | -15.6%-33.2% | 56.2%20.8% | 73.0%43.6% |
Long-Term Price Volatility Vs. Market
How volatile is Tsaker Chemical Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Would Shareholders Who Purchased Tsaker Chemical Group's (HKG:1986) Stock Three Years Be Happy With The Share price Today?2 weeks ago | Simply Wall St
A Look At The Fair Value Of Tsaker Chemical Group Limited (HKG:1986)1 month ago | Simply Wall St
Does Tsaker Chemical Group (HKG:1986) Have A Healthy Balance Sheet?Valuation
Is Tsaker Chemical Group undervalued compared to its fair value and its price relative to the market?
16.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1986 (HK$1.37) is trading below our estimate of fair value (HK$1.64)
Significantly Below Fair Value: 1986 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 1986 is good value based on its PE Ratio (4.7x) compared to the HK Chemicals industry average (10x).
PE vs Market: 1986 is good value based on its PE Ratio (4.7x) compared to the Hong Kong market (11.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1986's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1986's PB Ratio (0.7x) is in line with the HK Chemicals industry average.
Next Steps
Future Growth
How is Tsaker Chemical Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
47.1%
Forecasted Materials 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 Tsaker Chemical Group 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.
Next Steps
- Examine whether Tsaker Chemical Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Tsaker Chemical Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Tsaker Chemical Group performed over the past 5 years?
33.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1986 has high quality earnings.
Growing Profit Margin: 1986's current net profit margins (16.9%) are lower than last year (27.7%).
Past Earnings Growth Analysis
Earnings Trend: 1986's earnings have grown significantly by 33.8% per year over the past 5 years.
Accelerating Growth: 1986's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1986 had negative earnings growth (-50.7%) over the past year, making it difficult to compare to the Chemicals industry average (-37.4%).
Return on Equity
High ROE: 1986's Return on Equity (14.3%) is considered low.
Next Steps
Financial Health
How is Tsaker Chemical Group's financial position?
Financial Position Analysis
Short Term Liabilities: 1986's short term assets (CN¥739.9M) exceed its short term liabilities (CN¥648.6M).
Long Term Liabilities: 1986's short term assets (CN¥739.9M) exceed its long term liabilities (CN¥49.2M).
Debt to Equity History and Analysis
Debt Level: 1986's debt to equity ratio (16.6%) is considered satisfactory.
Reducing Debt: 1986's debt to equity ratio has reduced from 43.3% to 16.6% over the past 5 years.
Debt Coverage: 1986's debt is well covered by operating cash flow (120.4%).
Interest Coverage: 1986's interest payments on its debt are well covered by EBIT (21.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Tsaker Chemical Group current dividend yield, its reliability and sustainability?
8.40%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1986's dividend (8.4%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.04%).
High Dividend: 1986's dividend (8.4%) is in the top 25% of dividend payers in the Hong Kong market (6.52%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 1986 has been paying a dividend for less than 10 years.
Growing Dividend: 1986's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.1%), 1986'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?
6.3yrs
Average management tenure
CEO
Yi Ge (38 yo)
6.25yrs
Tenure
CN¥4,367,000
Compensation
Mr. Yi Ge has been Chief Executive Officer and Executive Director at Tsaker Chemical Group Ltd. since October 29, 2014 and serves as its Chairman. Mr. Ge is responsible for overall business strategy and ma...
CEO Compensation Analysis
Compensation vs Market: Yi's total compensation ($USD675.43K) is above average for companies of similar size in the Hong Kong market ($USD307.18K).
Compensation vs Earnings: Yi's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.25yrs | CN¥4.37m | 51.63% CN¥ 725.4m | |
| CFO, Joint Company Secretary & Executive Director | 4.42yrs | CN¥1.37m | no data | |
| Executive Director | 2yrs | CN¥829.00k | no data | |
| Chief Engineer | 6.75yrs | CN¥499.00k | no data | |
| Joint Company Secretary | 3.42yrs | no data | no data |
6.3yrs
Average Tenure
38yo
Average Age
Experienced Management: 1986's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.25yrs | CN¥4.37m | 51.63% CN¥ 725.4m | |
| CFO, Joint Company Secretary & Executive Director | 4.42yrs | CN¥1.37m | no data | |
| Executive Director | 2yrs | CN¥829.00k | no data | |
| Independent Non-Executive Director | 5.83yrs | CN¥350.00k | no data | |
| Non-Executive Director | 5.75yrs | CN¥350.00k | no data | |
| Independent Non-Executive Director | 5.83yrs | CN¥350.00k | no data | |
| Independent Non-Executive Director | 5.83yrs | CN¥350.00k | no data |
5.8yrs
Average Tenure
43yo
Average Age
Experienced Board: 1986's board of directors are considered experienced (5.8 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Tsaker Chemical Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tsaker Chemical Group Limited
- Ticker: 1986
- Exchange: SEHK
- Founded: 1997
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: HK$1.405b
- Shares outstanding: 1.03b
- Website: https://www.tsaker.com
Number of Employees
Location
- Tsaker Chemical Group Limited
- Building No.10
- 109 Jinghaisanlu
- Beijing
- Beijing Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1986 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jul 2015 |
Biography
Tsaker Chemical Group Limited, an investment holding company, manufactures and sells fine chemicals. It operates through four segments: Dye and Agricultural Chemical Intermediates, Pigment Intermediates, E...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 10:14 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.