Executive Summary
Tradelink Electronic Commerce Limited, together with its subsidiaries, provides government electronic trading services (GETS) for processing official trade-related documents in Hong Kong.
Snowflake
Fundamentals
Outstanding track record with excellent balance sheet.
Risks
- Tradelink Electronic Commerce is not covered by any analysts.
Share Price & News
How has Tradelink Electronic Commerce's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0%
SEHK:536
-0.7%
HK IT
-0.6%
HK Market
1 Year Return
3.4%
SEHK:536
-21.1%
HK IT
-9.8%
HK Market
536 outperformed the IT industry which returned -21.1% over the past year.
536 outperformed the Market in Hong Kong which returned -9.8% over the past year.
Share holder returns
| 536 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -0.7% | -0.6% |
| 30 Day | -9.0% | -11.8% | -9.6% |
| 90 Day | -5.5% | -11.3% | -7.5% |
| 1 Year | 11.2%3.4% | -19.7%-21.1% | -6.5%-9.8% |
| 3 Year | -11.8%-27.5% | -13.8%-17.8% | 12.8%1.6% |
| 5 Year | -12.6%-37.3% | 16.8%13.1% | 7.2%-10.6% |
Price Volatility Vs. Market
How volatile is Tradelink Electronic Commerce's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Do You Like Tradelink Electronic Commerce Limited (HKG:536) At This P/E Ratio?1 week ago | Simply Wall St
Imagine Owning Tradelink Electronic Commerce (HKG:536) And Wondering If The 37% Share Price Slide Is Justified3 weeks ago | Simply Wall St
Has Tradelink Electronic Commerce Limited (HKG:536) Improved Earnings Growth In Recent Times?Valuation
Is Tradelink Electronic Commerce undervalued based on future cash flows and its price relative to the stock market?
11%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Tradelink Electronic Commerce's share price is below the future cash flow value, but not at a moderate discount (< 20%).
Tradelink Electronic Commerce's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
Tradelink Electronic Commerce is good value based on earnings compared to the HK IT industry average.
Tradelink Electronic Commerce is overvalued based on earnings compared to the Hong Kong market.
Price Based on Expected Growth
Unable to calculate PEG ratio for Tradelink Electronic Commerce, we can't assess if its growth is good value.
Price Based on Value of Assets
Tradelink Electronic Commerce is overvalued based on assets compared to the HK IT industry average.
Next Steps
Future Growth
How is Tradelink Electronic Commerce expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
-11.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Unable to determine if Tradelink Electronic Commerce is high growth as no revenue estimate data is available.
Tradelink Electronic Commerce's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
Unable to compare Tradelink Electronic Commerce's revenue growth to the Hong Kong market average as no estimate data is available.
Tradelink Electronic Commerce's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
Tradelink Electronic Commerce's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Tradelink Electronic Commerce will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next Steps
Past Performance
How has Tradelink Electronic Commerce performed over the past 5 years?
1.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Tradelink Electronic Commerce's year on year earnings growth rate has been positive over the past 5 years.
Tradelink Electronic Commerce's 1-year earnings growth exceeds its 5-year average (21.1% vs 1.2%)
Tradelink Electronic Commerce's earnings growth has exceeded the HK IT industry average in the past year (21.1% vs 14.5%).
Return on Equity
Tradelink Electronic Commerce has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
Return on Assets
Tradelink Electronic Commerce used its assets more efficiently than the HK IT industry average last year based on Return on Assets.
Return on Capital Employed
Tradelink Electronic Commerce has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is Tradelink Electronic Commerce's financial position?
Financial Position Analysis
Tradelink Electronic Commerce's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Tradelink Electronic Commerce's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
Tradelink Electronic Commerce has no debt.
Tradelink Electronic Commerce has not taken on any debt in the past 5 years.
Tradelink Electronic Commerce has no debt, it does not need to be covered by operating cash flow.
Tradelink Electronic Commerce has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Low level of unsold assets.
Tradelink Electronic Commerce has no debt, it does not need to be covered by short term assets.
Next Steps
Dividend
What is Tradelink Electronic Commerce's current dividend yield, its reliability and sustainability?
7.85%
Current Dividend Yield
Dividend Yield and Payments Analysis
Tradelink Electronic Commerce's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.3%).
Tradelink Electronic Commerce's dividend is above the markets top 25% of dividend payers in Hong Kong (6.25%).
Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
Dividends per share have fallen over the past 10 years.
Current Payout to Shareholders
Dividends paid are covered by earnings (1.2x coverage).
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of Tradelink Electronic Commerce's salary, the management and board of directors tenure and is there insider trading?
2.6yrs
Average management tenure
CEO
Kam Keung Tse (59yo)
4.1yrs
Tenure
HK$8,130,000
Compensation
Mr. Kam Keung Tse has been the Chief Executive Officer and Executive Director of Tradelink Electronic Commerce Limited since July 11 , 2015. Mr. Tse served as an Executive Vice President of State Street Ba ...
CEO Compensation Analysis
Kam Keung's remuneration is higher than average for companies of similar size in Hong Kong.
Kam Keung's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
2.6yrs
Average Tenure
54yo
Average Age
The tenure for the Tradelink Electronic Commerce management team is about average.
Board Age and Tenure
9.9yrs
Average Tenure
61yo
Average Age
The tenure for the Tradelink Electronic Commerce board of directors is about average.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
Emily Chung (63yo)
COO & Executive Director
- Tenure: 10.9yrs
- Compensation: HK$3.40m
Andrew Cheng (49yo)
CTO & Executive Director
- Tenure: 7.8yrs
- Compensation: HK$3.34m
Kam Keung Tse (59yo)
CEO & Executive Director
- Tenure: 4.1yrs
- Compensation: HK$8.13m
Joseph Ho
Group Senior Vice President of Legal & Compliance and Company Secretary
- Tenure: 0.0yrs
Peggie Chu (43yo)
Chief Financial Officer
- Tenure: 1.6yrs
Grace Wong
Vice President of Investor Relations & Corporate Communications
- Tenure: 0.0yrs
Board Members
Tak Hay Chau (76yo)
Independent Non-Executive Director
- Tenure: 9.9yrs
- Compensation: HK$350.00k
Hubert Chak (58yo)
Independent Non-Executive Director
- Tenure: 16.8yrs
- Compensation: HK$330.00k
Harry Lee (76yo)
Non-Executive Chairman
- Tenure: 0.0yrs
- Compensation: HK$110.00k
Emily Chung (63yo)
COO & Executive Director
- Tenure: 10.9yrs
- Compensation: HK$3.40m
Kenneth Ying (64yo)
Non-Executive Director
- Tenure: 7.2yrs
- Compensation: HK$85.00k
Sunny Ho (58yo)
Independent Non-Executive Director
- Tenure: 14.3yrs
- Compensation: HK$330.00k
Andrew Cheng (49yo)
CTO & Executive Director
- Tenure: 7.8yrs
- Compensation: HK$3.34m
Jimmy Chung (69yo)
Independent Non-Executive Director
- Tenure: 12.3yrs
- Compensation: HK$370.00k
Delman Lee (52yo)
Non-Executive Director
- Tenure: 6.8yrs
- Compensation: HK$75.00k
Kam Keung Tse (59yo)
CEO & Executive Director
- Tenure: 4.1yrs
- Compensation: HK$8.13m
Company Information
Tradelink Electronic Commerce Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tradelink Electronic Commerce Limited
- Ticker: 536
- Exchange: SEHK
- Founded: 1988
- Industry: Data Processing and Outsourced Services
- Sector: Software
- Market Cap: HK$945.614m
- Shares outstanding: 794.63m
- Website: https://www.tradelink.com.hk
Number of Employees
Location
- Tradelink Electronic Commerce Limited
- Regent Centre
- Tower B
- Kwai Chung
- New Territories
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 536 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Oct 2005 |
Biography
Tradelink Electronic Commerce Limited, together with its subsidiaries, provides government electronic trading services (GETS) for processing official trade-related documents in Hong Kong. It operates throu ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/19 12:42 |
| End of Day Share Price | 2019/08/19 00:00 |
| Earnings | 2018/12/31 |
| Annual Earnings | 2018/12/31 |
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.