Tian Chang Group Holdings Ltd., an investment holding company, provides integrated plastic solutions and e-cigarette products in Hong Kong, the People's Republic of China, the United States, the United Kingdom, and internationally.
Outstanding track record and undervalued.
Share Price & News
How has Tian Chang Group Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2182 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 2182 exceeded the Hong Kong Chemicals industry which returned -31.2% over the past year.
Return vs Market: 2182 exceeded the Hong Kong Market which returned -3.8% over the past year.
Price Volatility Vs. Market
How volatile is Tian Chang Group Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhy You Should Like Tian Chang Group Holdings Ltd.’s (HKG:2182) ROCE
3 weeks ago | Simply Wall StCan We See Significant Insider Ownership On The Tian Chang Group Holdings Ltd. (HKG:2182) Share Register?
1 month ago | Simply Wall StTian Chang Group Holdings (HKG:2182) Seems To Use Debt Rather Sparingly
Is Tian Chang Group Holdings 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: 2182 (HK$0.52) is trading below our estimate of fair value (HK$27.86)
Significantly Below Fair Value: 2182 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2182 is good value based on its PE Ratio (2.3x) compared to the Chemicals industry average (7.1x).
PE vs Market: 2182 is good value based on its PE Ratio (2.3x) compared to the Hong Kong market (10.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2182's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2182 is good value based on its PB Ratio (0.6x) compared to the HK Chemicals industry average (0.8x).
How is Tian Chang Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Tian Chang Group 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.
- Examine whether Tian Chang Group Holdings 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.
- Tian Chang Group Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Tian Chang Group Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2182 has high quality earnings.
Growing Profit Margin: 2182's current net profit margins (10.2%) are higher than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: 2182's earnings have grown significantly by 26.7% per year over the past 5 years.
Accelerating Growth: 2182's earnings growth over the past year (733.5%) exceeds its 5-year average (26.7% per year).
Earnings vs Industry: 2182 earnings growth over the past year (733.5%) exceeded the Chemicals industry 21.4%.
Return on Equity
High ROE: 2182's Return on Equity (27.6%) is considered high.
Return on Assets
Return on Capital Employed
How is Tian Chang Group Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 2182's short term assets (HK$314.4M) do not cover its short term liabilities (HK$350.8M).
Long Term Liabilities: 2182's short term assets (HK$314.4M) exceed its long term liabilities (HK$54.2M).
Debt to Equity History and Analysis
Debt Level: 2182's debt to equity ratio (23.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 2182's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2182's debt is well covered by operating cash flow (257.7%).
Interest Coverage: 2182's interest payments on its debt are well covered by EBIT (16.9x coverage).
Inventory Level: 2182 has a high level of physical assets or inventory.
Debt Coverage by Assets: 2182's debt is covered by short term assets (assets are 2.7x debt).
What is Tian Chang Group Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 2182's dividend (5.77%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).
High Dividend: 2182's dividend (5.77%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.33%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether 2182's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 2182's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.3%), 2182's dividend payments are well 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Tsan Lam Chan (58yo)
Mr. Tsan Lam Chan is the Founder of Tian Chang Group Holdings Ltd (the “Company”). Mr. Chan is an Executive Director, Chairman and Chief Executive Officer of the Company. Mr. Chan is also Director of all o ...
CEO Compensation Analysis
Compensation vs Market: Tsan Lam's total compensation ($USD1.54M) is above average for companies of similar size in the Hong Kong market ($USD225.53K).
Compensation vs Earnings: Tsan Lam's compensation has increased by more than 20% in the past year.
|Chairman & CEO||0yrs||HK$12.00m||60.23% HK$194.2m|
|VP of Marketing & Executive Director||0yrs||HK$2.90m||no data|
|Company Secretary||0.8yrs||no data||no data|
|Independent Non-Executive Director||2yrs||HK$110.00k||no data|
|Independent Non-Executive Director||2yrs||HK$110.00k||no data|
|Independent Non-Executive Director||0.8yrs||no data||no data|
Experienced Board: 2182's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.7%.
Tian Chang Group Holdings Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Tian Chang Group Holdings Ltd.
- Ticker: 2182
- Exchange: SEHK
- Founded: 2000
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: HK$322.400m
- Shares outstanding: 620.00m
- Website: https://www.hktcgroup.com
Number of Employees
- Tian Chang Group Holdings Ltd.
- Hoi Luen Industrial Centre
- Workshop Unit 6
- Kwun Tong
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|2182||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Mar 2018|
Tian Chang Group Holdings Ltd., an investment holding company, provides integrated plastic solutions and e-cigarette products in Hong Kong, the People's Republic of China, the United States, the United Kingdom, and internationally. The company's Integrated Plastic Solutions segment designs, manufactures, and fabricates printer, copier, and air-conditioner parts; office chair backs and accessories; engine covers and dash boards; router, camera, and mobile power bank parts; and PET products and molds. Its E-Cigarettes Products segment manufactures and sells disposable e-cigarettes, refillable e-cigarettes, battery rods, clearomisers, liquidpods, and pro-kit sets to original equipment manufacturers under the blu brand name. The company was founded in 2000 and is headquartered in Kwun Tong, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 13:32|
|End of Day Share Price||2020/02/18 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.