Tian Shan Development (Holding)
Market Cap
HK$2.9b
Last Updated
2021/01/26 10:32 UTC
Data Sources
Company Financials
Executive Summary
Tian Shan Development (Holding) Limited, an investment holding company, develops and sells properties in the People’s Republic of China. More Details
Rewards
Risk Analysis
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
| 2118 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | 1.2% | 4.1% |
| 30 Day | 18.7% | 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 Year | 7.9%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
1 month ago | Simply Wall St
Does Tian Shan Development (Holding) (HKG:2118) Have A Healthy Balance Sheet?3 months ago | Simply Wall St
If You Had Bought Tian Shan Development (Holding) (HKG:2118) Shares A Year Ago You'd Have Earned 54% Returns4 months ago | Simply Wall St
Here's Why Tian Shan Development (Holding) (HKG:2118) Is Weighed Down By Its Debt LoadValuation
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
- Take a look at our analysis of 2118’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Tian Shan Development (Holding) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Chairman | no data | CN¥2.11m | no data | |
| Co-Founder & Vice Chairman | no data | CN¥2.39m | no data | |
| Co-Founder & Executive Director | 15.58yrs | CN¥2.40m | no data | |
| CFO & Company Secretary | no data | no data | no data | |
| Executive President of Tian Shan Real Estate | no data | no data | no data | |
| Executive | no data | no data | no data | |
| Executive | no data | no data | no data | |
| Executive | no data | no data | no data | |
| Executive | no data | no data | no data | |
| Executive | no data | no data | no data |
23.0yrs
Average Tenure
55yo
Average Age
Experienced Management: 2118's management team is seasoned and experienced (23 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Chairman | no data | CN¥2.11m | no data | |
| Co-Founder & Vice Chairman | no data | CN¥2.39m | no data | |
| Co-Founder & Executive Director | 15.58yrs | CN¥2.40m | no data | |
| Independent Non-Executive Director | 10.58yrs | CN¥79.00k | no data | |
| Independent Non-Executive Director | 10.58yrs | CN¥53.00k | no data | |
| Independent Non-Executive Director | 10.58yrs | CN¥53.00k | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2118 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jul 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 10:32 |
| End of Day Share Price | 2021/01/26 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.