SEHK:266

Stock Analysis Report

Executive Summary

Tian Teck Land Limited engages in property investment activities.

Snowflake

Fundamentals

Flawless balance sheet with moderate growth potential.

Share Price & News

How has Tian Teck Land's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.6%

266

1.8%

HK Real Estate

0.3%

HK Market


1 Year Return

-17.3%

266

8.8%

HK Real Estate

-1.5%

HK Market

Return vs Industry: 266 underperformed the Hong Kong Real Estate industry which returned 8.8% over the past year.

Return vs Market: 266 underperformed the Hong Kong Market which returned -1.5% over the past year.


Shareholder returns

266IndustryMarket
7 Day-5.6%1.8%0.3%
30 Day-7.1%3.3%0.5%
90 Day-15.2%-7.0%-4.4%
1 Year-12.9%-17.3%13.0%8.8%2.1%-1.5%
3 Year-2.3%-16.4%39.1%24.6%14.7%3.2%
5 Year7.5%-17.1%63.4%37.1%21.5%1.2%

Price Volatility Vs. Market

How volatile is Tian Teck Land's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tian Teck Land undervalued compared to its fair value and its price relative to the market?

36.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 266 (HK$7.25) is trading below our estimate of fair value (HK$11.44)

Significantly Below Fair Value: 266 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 266 is poor value based on its PE Ratio (46.7x) compared to the Real Estate industry average (6.2x).

PE vs Market: 266 is poor value based on its PE Ratio (46.7x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 266's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 266 is good value based on its PB Ratio (0.5x) compared to the HK Real Estate industry average (0.5x).


Next Steps

Future Growth

How is Tian Teck Land forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

30.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 266's forecast earnings growth (30.6% per year) is above the savings rate (2%).

Earnings vs Market: 266's earnings (30.6% per year) are forecast to grow faster than the Hong Kong market (11.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 266's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 266's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 266's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Tian Teck Land performed over the past 5 years?

-43.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 266's earnings have declined by -43.1% per year over the past 5 years.

Accelerating Growth: 266's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 266 had negative earnings growth (-31.9%) over the past year, making it difficult to compare to the Real Estate industry average (-12.4%).


Return on Equity

High ROE: 266's Return on Equity (1.1%) is considered low.


Return on Assets

ROA vs Industry: 266's Return on Assets is below or equal to the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: 266's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Tian Teck Land's financial position?


Financial Position Analysis

Short Term Liabilities: 266's short term assets (HK$607.6M) exceeds its short term liabilities (HK$244.3M)

Long Term Liabilities: 266's short term assets (607.6M) exceeds its long term liabilities (282.1M)


Debt to Equity History and Analysis

Debt Level: 266's debt to equity ratio (1.4%) is considered satisfactory

Reducing Debt: 266's debt to equity ratio has reduced from 1.5% to 1.4% over the past 5 years.

Debt Coverage: 266's debt is well covered by operating cash flow (208.7%).

Interest Coverage: 266 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 266 has a high level of physical assets or inventory.

Debt Coverage by Assets: 266's debt is covered by short term assets (assets are 3.010280x debt).


Next Steps

Dividend

What is Tian Teck Land's current dividend yield, its reliability and sustainability?

6.07%

Current Dividend Yield


Dividend Yield vs Market

company6.1%marketbottom25%2.3%markettop25%6.3%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 266's dividend (6.07%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).

High Dividend: 266's dividend (6.07%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).

Stable Dividend: Whilst dividend payments have been stable, 266 has been paying a dividend for less than 10 years.

Growing Dividend: 266's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (283.5%), 266's dividend payments are not 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.


Next Steps

Management

What is the CEO of Tian Teck Land's salary, the management and board of directors tenure and is there insider trading?

26.3yrs

Average board tenure


CEO

Hooi Cheong (72yo)

0yrs

Tenure

HK$2,348,000

Compensation

Mr. Hooi Hong Cheong serves as the Chief Executive Officer of Tian Teck Land Limited. Mr. Cheong has been Chairman and an Executive Director of Tian Teck Land Limited since 1983. Mr. Cheong has extensive e ...


CEO Compensation Analysis

Compensation vs. Market: Hooi's total compensation ($USD299.36K) is about average for companies of similar size in the Hong Kong market ($USD298.58K).

Compensation vs Earnings: Hooi's compensation has been consistent with company performance over the past year.


Board Age and Tenure

26.3yrs

Average Tenure

68yo

Average Age

Experienced Board: 266's board of directors are seasoned and experienced ( 26.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Kheng Cheong (70yo)

    Deputy Chairman

    • Tenure: 36.8yrs
    • Compensation: HK$3.37m
  • Sim Cheong (60yo)

    Executive Director

    • Tenure: 36.8yrs
    • Compensation: HK$2.25m
  • Hooi Cheong (72yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: HK$2.35m
  • Sau Ng (49yo)

    Company Secretary

    • Tenure: 15.8yrs
  • Chong Cheong (48yo)

    Executive Director

    • Tenure: 12.8yrs
    • Compensation: HK$1.69m
  • Keng Cheong (66yo)

    Executive Director

    • Tenure: 36.8yrs
    • Compensation: HK$1.97m
  • Susan Chan (68yo)

    Financial Controller

    • Tenure: 29.8yrs
  • Siu Wong (50yo)

    Accounting Manager

    • Tenure: 0yrs

Board Members

  • Kheng Cheong (70yo)

    Deputy Chairman

    • Tenure: 36.8yrs
    • Compensation: HK$3.37m
  • Sim Cheong (60yo)

    Executive Director

    • Tenure: 36.8yrs
    • Compensation: HK$2.25m
  • Hooi Cheong (72yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: HK$2.35m
  • Chong Cheong (48yo)

    Executive Director

    • Tenure: 12.8yrs
    • Compensation: HK$1.69m
  • Keng Cheong (66yo)

    Executive Director

    • Tenure: 36.8yrs
    • Compensation: HK$1.97m
  • Paul Chow (63yo)

    Independent Non-Executive Director

    • Tenure: 15.8yrs
    • Compensation: HK$340.00k
  • Pang Tse (73yo)

    Independent Non-Executive Director

    • Tenure: 15.8yrs
    • Compensation: HK$170.00k
  • Yiu Wong (72yo)

    Independent Non-Executive Director

    • Tenure: 2yrs
    • Compensation: HK$340.00k

Company Information

Tian Teck Land Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tian Teck Land Limited
  • Ticker: 266
  • Exchange: SEHK
  • Founded:
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$3.442b
  • Shares outstanding: 474.73m
  • Website: https://null

Number of Employees


Location

  • Tian Teck Land Limited
  • iSQUARE
  • 9th Floor
  • Tsim Sha Tsui
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
266SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

Tian Teck Land Limited engages in property investment activities. It invests in and leases commercial and industrial properties in the People’s Republic of China and Hong Kong. The company is based in Tsim ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 12:37
End of Day Share Price2019/10/21 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.