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Tian An China Investments

Market Cap

HK$6.7b

Last Updated

2021/04/13 10:11 UTC

Data Sources

Company Financials

Executive Summary

Tian An China Investments Company Limited, an investment holding company, invests in, develops, and manages properties in the People's Republic of China, Hong Kong, the United Kingdom, and Australia. More Details


Snowflake Analysis

Excellent balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has Tian An China Investments's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 28 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 28's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-3.4%

28

-1.0%

HK Real Estate

-2.5%

HK Market


1 Year Return

46.1%

28

4.5%

HK Real Estate

26.4%

HK Market

Return vs Industry: 28 exceeded the Hong Kong Real Estate industry which returned 5.3% over the past year.

Return vs Market: 28 exceeded the Hong Kong Market which returned 29.5% over the past year.


Shareholder returns

28IndustryMarket
7 Day-3.4%-1.0%-2.5%
30 Day-4.3%1.3%-1.8%
90 Day-0.4%7.5%0.5%
1 Year52.4%46.1%9.6%4.5%31.2%26.4%
3 Year11.8%-4.5%-3.3%-15.7%6.0%-5.2%
5 Year40.8%9.2%55.3%23.3%47.3%22.5%

Long-Term Price Volatility Vs. Market

How volatile is Tian An China Investments's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tian An China Investments undervalued compared to its fair value and its price relative to the market?

10.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 28 (HK$4.5) is trading above our estimate of fair value (HK$2.18)

Significantly Below Fair Value: 28 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 28 is poor value based on its PE Ratio (10.9x) compared to the HK Real Estate industry average (7.9x).

PE vs Market: 28 is good value based on its PE Ratio (10.9x) compared to the Hong Kong market (11.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 28's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 28 is good value based on its PB Ratio (0.3x) compared to the HK Real Estate industry average (0.5x).


Future Growth

How is Tian An China Investments 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 An China Investments 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.


Past Performance

How has Tian An China Investments performed over the past 5 years?

-34.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 28 has high quality earnings.

Growing Profit Margin: 28's current net profit margins (26.2%) are lower than last year (60.4%).


Past Earnings Growth Analysis

Earnings Trend: 28's earnings have declined by 34.9% per year over the past 5 years.

Accelerating Growth: 28's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 28 had negative earnings growth (-54%) over the past year, making it difficult to compare to the Real Estate industry average (5.9%).


Return on Equity

High ROE: 28's Return on Equity (2.1%) is considered low.


Financial Health

How is Tian An China Investments's financial position?


Financial Position Analysis

Short Term Liabilities: 28's short term assets (HK$15.6B) exceed its short term liabilities (HK$8.2B).

Long Term Liabilities: 28's short term assets (HK$15.6B) exceed its long term liabilities (HK$7.4B).


Debt to Equity History and Analysis

Debt Level: 28's debt to equity ratio (30.1%) is considered satisfactory.

Reducing Debt: 28's debt to equity ratio has reduced from 32.5% to 30.1% over the past 5 years.

Debt Coverage: 28's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 28 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Tian An China Investments's current dividend yield, its reliability and sustainability?

4.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 28's dividend (4.44%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.97%).

High Dividend: 28's dividend (4.44%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.01%).


Stability and Growth of Payments

Stable Dividend: 28's dividend payments have been volatile in the past 10 years.

Growing Dividend: 28's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (48.6%), 28'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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Patrick Lee (68 yo)

14yrs

Tenure

HK$7,059,000

Compensation

Mr. Seng Wei Lee, also known as Patrick, has been Chairman of Asiasec Properties Ltd since January 4, 2018. He served as Chief Executive Officer of Asiasec Properties Ltd(also known as Asiasec Properties L...


CEO Compensation Analysis

Compensation vs Market: Patrick's total compensation ($USD908.11K) is above average for companies of similar size in the Hong Kong market ($USD453.41K).

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


Leadership Team

Experienced Management: 28's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: 28's board of directors are seasoned and experienced ( 16.6 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tian An China Investments Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tian An China Investments Company Limited
  • Ticker: 28
  • Exchange: SEHK
  • Founded: 1986
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$6.738b
  • Shares outstanding: 1.50b
  • Website: https://www.tiananchina.com

Number of Employees


Location

  • Tian An China Investments Company Limited
  • Allied Kajima Building
  • 22nd Floor
  • Wan Chai
  • Hong Kong

Listings


Biography

Tian An China Investments Company Limited, an investment holding company, invests in, develops, and manages properties in the People's Republic of China, Hong Kong, the United Kingdom, and Australia. It op...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/13 10:11
End of Day Share Price2021/04/13 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.