SEHK:2118

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Tian Shan Development (Holding)

Executive Summary

Tian Shan Development (Holding) Limited, an investment holding company, develops and sells properties in the People’s Republic of China. More Details


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.

Share Price & News

How has Tian Shan Development (Holding)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2118 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: 2118's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-1.8%

2118

1.2%

HK Real Estate

4.1%

HK Market


1 Year Return

-9.4%

2118

-10.0%

HK Real Estate

16.9%

HK Market

Return vs Industry: 2118 matched the Hong Kong Real Estate industry which returned -10% over the past year.

Return vs Market: 2118 underperformed the Hong Kong Market which returned 16.9% over the past year.


Shareholder returns

2118IndustryMarket
7 Day-1.8%1.2%4.1%
30 Day18.7%7.5%14.8%
90 Day-2.1%6.6%21.4%
1 Year-9.4%-9.4%-5.5%-10.0%21.6%16.9%
3 Year7.9%4.5%-15.4%-26.3%-3.4%-13.7%
5 Year-4.7%-10.3%67.5%33.0%67.8%39.1%

Long-Term Price Volatility Vs. Market

How volatile is Tian Shan Development (Holding)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tian Shan Development (Holding) undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2118 (HK$2.79) is trading below our estimate of fair value (HK$49.38)

Significantly Below Fair Value: 2118 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2118 is unprofitable, so we can't compare its PE Ratio to the HK Real Estate industry average.

PE vs Market: 2118 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2118's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2118 is overvalued based on its PB Ratio (1.1x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

How is Tian Shan Development (Holding) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.2%

Forecasted Real Estate 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 Shan Development (Holding) 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

Past Performance

How has Tian Shan Development (Holding) performed over the past 5 years?

-26.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2118 is currently unprofitable.

Growing Profit Margin: 2118 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2118 is unprofitable, and losses have increased over the past 5 years at a rate of 26.9% per year.

Accelerating Growth: Unable to compare 2118's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2118 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (6.1%).


Return on Equity

High ROE: 2118 has a negative Return on Equity (-4.55%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tian Shan Development (Holding)'s financial position?


Financial Position Analysis

Short Term Liabilities: 2118's short term assets (CN¥27.3B) exceed its short term liabilities (CN¥24.1B).

Long Term Liabilities: 2118's short term assets (CN¥27.3B) exceed its long term liabilities (CN¥3.4B).


Debt to Equity History and Analysis

Debt Level: 2118's debt to equity ratio (329.4%) is considered high.

Reducing Debt: 2118's debt to equity ratio has increased from 194% to 329.4% over the past 5 years.

Debt Coverage: 2118's debt is well covered by operating cash flow (23.6%).

Interest Coverage: 2118 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Tian Shan Development (Holding) current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2118's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2118'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 2118's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2118's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 2118 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 2118'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?

23.0yrs

Average management tenure


CEO

Tian Shan Development (Holding) has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Zhen Shan Wu
Co-Founder & Chairmanno dataCN¥2.11mno data
Zhen Ling Wu
Co-Founder & Vice Chairmanno dataCN¥2.39mno data
Zhen Hai Zhang
Co-Founder & Executive Director15.58yrsCN¥2.40mno data
Siu Yiu Cheung
CFO & Company Secretaryno datano datano data
Shi Bin Chen
Executive President of Tian Shan Real Estateno datano datano data
Lan Ping Wu
Executiveno datano datano data
Jing Gai Gu
Executiveno datano datano data
Yi Mei Fan
Executiveno datano datano data
Lan Ying Xu
Executiveno datano datano data
Lan Zhi Wu
Executiveno datano datano data

23.0yrs

Average Tenure

55yo

Average Age

Experienced Management: 2118's management team is seasoned and experienced (23 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zhen Shan Wu
Co-Founder & Chairmanno dataCN¥2.11mno data
Zhen Ling Wu
Co-Founder & Vice Chairmanno dataCN¥2.39mno data
Zhen Hai Zhang
Co-Founder & Executive Director15.58yrsCN¥2.40mno data
Ying Kwan Cheung
Independent Non-Executive Director10.58yrsCN¥79.00kno data
Ping Wang
Independent Non-Executive Director10.58yrsCN¥53.00kno data
Chong Hou Tian
Independent Non-Executive Director10.58yrsCN¥53.00kno data

10.6yrs

Average Tenure

62.5yo

Average Age

Experienced Board: 2118's board of directors are seasoned and experienced ( 10.6 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

Tian Shan Development (Holding) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tian Shan Development (Holding) Limited
  • Ticker: 2118
  • Exchange: SEHK
  • Founded: 2005
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$2.857b
  • Shares outstanding: 1.01b
  • Website: https://www.tian-shan.com

Number of Employees


Location

  • Tian Shan Development (Holding) Limited
  • No. 109 Tianshan Avenue
  • Shijiazhuang Hi-Tech Industry Dev Zn
  • Shijiazhuang
  • Hebei Province
  • 10005
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2118SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2010

Biography

Tian Shan Development (Holding) Limited, an investment holding company, develops and sells properties in the People’s Republic of China. Its principal property projects include medium- to high-end villas, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 10:32
End of Day Share Price2021/01/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.