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Trigiant Group

SEHK:1300
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1300
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

Trigiant Group Limited, an investment holding company, manufactures and sells feeder cables, optical fiber cables and related products, flame-retardant flexible cables, electronic components, and others for mobile communications and telecommunication equipment. The last earnings update was 41 days ago. More info.


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  • Trigiant Group has significant price volatility in the past 3 months.
1300 Share Price and Events
7 Day Returns
-9.2%
SEHK:1300
-7.9%
HK Communications
-2.2%
HK Market
1 Year Returns
-15.6%
SEHK:1300
-30.8%
HK Communications
-15.4%
HK Market
1300 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Trigiant Group (1300) -9.2% -27.5% -26.5% -15.6% -17.6% -45.7%
HK Communications -7.9% -16.3% -18.8% -30.8% 18% -7.6%
HK Market -2.2% -9.5% -6% -15.4% 22% 6.7%
1 Year Return vs Industry and Market
  • 1300 outperformed the Communications industry which returned -30.8% over the past year.
Price Volatility
1300
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Trigiant Group's competitors could be found in our database.

1300 Value

 Is Trigiant Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Trigiant Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Trigiant Group.

SEHK:1300 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 11.4%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:1300
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.082 (1 + (1- 25%) (96.87%))
1.581
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.58
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.581 * 5.96%)
11.43%

Discounted Cash Flow Calculation for SEHK:1300 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Trigiant Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:1300 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 11.43%)
2019 6.07 Est @ -76.01% 5.45
2020 2.88 Est @ -52.61% 2.32
2021 1.84 Est @ -36.23% 1.33
2022 1.38 Est @ -24.76% 0.90
2023 1.15 Est @ -16.73% 0.67
2024 1.02 Est @ -11.11% 0.53
2025 0.95 Est @ -7.18% 0.45
2026 0.91 Est @ -4.42% 0.38
2027 0.88 Est @ -2.49% 0.33
2028 0.87 Est @ -1.15% 0.30
Present value of next 10 years cash flows CN¥12.65
SEHK:1300 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥0.87 × (1 + 2%) ÷ (11.43% – 2%)
CN¥9.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥9.46 ÷ (1 + 11.43%)10
CN¥3.21
SEHK:1300 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥12.65 + CN¥3.21
CN¥15.86
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥15.86 / 1,791.50
CN¥0.01
SEHK:1300 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1300)
1.137
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.01 x 1.137
HK$0.01
Value per share (HKD) From above. HK$0.01
Current discount Discount to share price of HK$1.08
= -1 x (HK$1.08 - HK$0.01) / HK$0.01
-10632.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Trigiant Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Trigiant Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Trigiant Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1300 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.19
SEHK:1300 Share Price ** SEHK (2019-05-23) in HKD HK$1.08
SEHK:1300 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.95
Hong Kong Communications Industry PE Ratio Median Figure of 14 Publicly-Listed Communications Companies 12.23x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 11.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Trigiant Group.

SEHK:1300 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1300 Share Price ÷ EPS (both in CNY)

= 0.95 ÷ 0.19

4.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trigiant Group is good value based on earnings compared to the HK Communications industry average.
  • Trigiant Group is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Trigiant Group's expected growth come at a high price?
Raw Data
SEHK:1300 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
11.1%per year
Asia Communications Industry PEG Ratio Median Figure of 9 Publicly-Listed Communications Companies 0.81x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Trigiant Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Trigiant Group's assets?
Raw Data
SEHK:1300 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.79
SEHK:1300 Share Price * SEHK (2019-05-23) in HKD HK$1.08
SEHK:1300 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.95
Hong Kong Communications Industry PB Ratio Median Figure of 25 Publicly-Listed Communications Companies 1.14x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.97x
SEHK:1300 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1300 Share Price ÷ Book Value per Share (both in CNY)

= 0.95 ÷ 1.79

0.53x

* Primary Listing of Trigiant Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trigiant Group is good value based on assets compared to the HK Communications industry average.
X
Value checks
We assess Trigiant Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. Trigiant Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1300 Future Performance

 How is Trigiant Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Trigiant Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Trigiant Group expected to grow at an attractive rate?
  • Trigiant Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Trigiant Group's earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare Trigiant Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1300 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1300 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 11.1%
Hong Kong Communications Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
Hong Kong Communications Industry Revenue Growth Rate Market Cap Weighted Average 8.3%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:1300 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1300 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1300 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 3,469 42 345
2018-09-30 3,443 70 333
2018-06-30 3,417 98 321
2018-03-31 3,309 2 299
2017-12-31 3,201 -95 277
2017-09-30 3,126 81 258
2017-06-30 3,051 257 238
2017-03-31 2,986 365 216
2016-12-31 2,921 472 193
2016-09-30 2,840 154 202
2016-06-30 2,759 -165 211
2016-03-31 2,836 -141 243

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Trigiant Group's earnings are expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Trigiant Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:1300 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Trigiant Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1300 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1300 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.19
2018-09-30 0.19
2018-06-30 0.18
2018-03-31 0.17
2017-12-31 0.16
2017-09-30 0.16
2017-06-30 0.15
2017-03-31 0.14
2016-12-31 0.12
2016-09-30 0.13
2016-06-30 0.14
2016-03-31 0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Trigiant Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Trigiant Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Trigiant Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1300 Past Performance

  How has Trigiant Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Trigiant Group's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Trigiant Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Trigiant Group's 1-year earnings growth exceeds its 5-year average (24.7% vs -2.9%)
  • Trigiant Group's earnings growth has exceeded the HK Communications industry average in the past year (24.7% vs 8.5%).
Earnings and Revenue History
Trigiant Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Trigiant Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1300 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,469.25 345.46 162.32 58.34
2018-09-30 3,443.26 333.30 176.44 57.45
2018-06-30 3,417.26 321.15 101.44 56.57
2018-03-31 3,309.04 299.15 104.44 56.20
2017-12-31 3,200.81 277.14 196.58 55.84
2017-09-30 3,125.93 257.81 154.37 54.13
2017-06-30 3,051.04 238.47 112.17 52.42
2017-03-31 2,986.02 215.54 114.70 51.93
2016-12-31 2,921.00 192.61 117.23 51.45
2016-09-30 2,839.78 201.89 116.01 50.83
2016-06-30 2,758.57 211.18 114.79 50.21
2016-03-31 2,835.97 243.22 114.74 48.63
2015-12-31 2,913.38 275.25 114.69 47.05
2015-09-30 2,854.56 314.91 114.65 42.19
2015-06-30 2,795.74 354.57 114.61 37.33
2015-03-31 2,726.92 361.82 107.04 32.02
2014-12-31 2,658.09 369.07 99.48 26.71
2014-09-30 2,601.60 336.50 100.87 24.63
2014-06-30 2,545.12 303.94 102.26 22.55
2014-03-31 2,501.56 308.75 109.36 23.15
2013-12-31 2,458.00 313.57 116.46 23.75
2013-09-30 2,430.15 301.56 121.98 21.55
2013-06-30 2,402.29 289.55 127.50 19.36
2013-03-31 2,316.42 270.92 126.20 16.85
2012-12-31 2,230.56 252.30 124.90 14.34
2012-09-30 2,135.43 242.40 114.96 11.35
2012-06-30 2,040.30 232.49 105.02 8.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Trigiant Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Trigiant Group used its assets less efficiently than the HK Communications industry average last year based on Return on Assets.
  • Trigiant Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Trigiant Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Trigiant Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1300 Health

 How is Trigiant Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Trigiant Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Trigiant Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Trigiant Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Trigiant Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Trigiant Group Company Filings, last reported 4 months ago.

SEHK:1300 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,210.27 1,725.21 666.13
2018-09-30 3,210.27 1,725.21 666.13
2018-06-30 3,064.61 1,597.11 562.09
2018-03-31 3,064.61 1,597.11 562.09
2017-12-31 2,922.67 1,466.67 605.27
2017-09-30 2,922.67 1,466.67 605.27
2017-06-30 2,791.69 1,363.99 457.37
2017-03-31 2,791.69 1,363.99 457.37
2016-12-31 2,815.56 1,292.96 607.19
2016-09-30 2,815.56 1,292.96 607.19
2016-06-30 2,696.13 1,350.56 335.26
2016-03-31 2,696.13 1,350.56 335.26
2015-12-31 2,651.07 1,302.32 233.83
2015-09-30 2,651.07 1,302.32 233.83
2015-06-30 2,137.99 1,643.17 510.18
2015-03-31 2,137.99 1,643.17 510.18
2014-12-31 2,062.02 1,412.46 487.71
2014-09-30 2,062.02 1,412.46 487.71
2014-06-30 1,597.50 1,194.21 454.00
2014-03-31 1,597.50 1,194.21 454.00
2013-12-31 1,504.24 815.83 438.25
2013-09-30 1,504.24 815.83 438.25
2013-06-30 1,132.14 862.79 131.94
2013-03-31 1,132.14 862.79 131.94
2012-12-31 1,004.76 967.78 480.71
2012-09-30 1,004.76 967.78 480.71
2012-06-30 920.36 1,259.30 405.57
  • Trigiant Group's level of debt (53.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (54.5% vs 53.7% today).
  • Debt is not well covered by operating cash flow (2.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.6x coverage).
X
Financial health checks
We assess Trigiant Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Trigiant Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1300 Dividends

 What is Trigiant Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.26%
Current annual income from Trigiant Group dividends.
If you bought HK$2,000 of Trigiant Group shares you are expected to receive HK$85 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Trigiant Group's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Trigiant Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.77%).
Upcoming dividend payment

Purchase Trigiant Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:1300 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:1300 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:1300 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-05-20 0.040 4.147
2018-09-24 0.037 3.852
2018-08-27 0.038 3.933
2018-04-11 0.034 3.599
2018-03-26 0.034 3.408
2017-05-15 0.022 2.608
2016-05-23 0.059 5.915
2015-09-21 0.114 9.671
2015-08-24 0.115 9.019
2015-04-14 0.112 6.837
2015-03-25 0.112 7.574
2014-09-23 0.110 8.337
2014-08-25 0.111 6.390
2014-04-23 0.111 6.568
2014-03-27 0.112 6.271
2013-09-23 0.109 5.397
2013-08-26 0.110 4.517
2013-04-23 0.079 3.976
2012-09-21 0.080 5.839
2012-08-27 0.081 7.160

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trigiant Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Trigiant Group has only been paying a dividend for 7 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Trigiant Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.9x 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.
X
Income/ dividend checks
We assess Trigiant Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Trigiant Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Trigiant Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1300 Management

 What is the CEO of Trigiant Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Wei Jiang
COMPENSATION CN¥951,000
AGE 55
CEO Bio

Mr. Wei Jiang serves as the Group Chief Executive Officer of Trigiant Group Limited. Mr. Jiang serves as the Financial Controller at China Resources Co. Ltd. He served as the Chief Financial Officer and General Manager at China Resources Textiles (Holdings) Company Limited. He served as an Interim Chief Executive Officer at Harvest Capital Partners Limited. Mr. Jiang serves as the Chief Financial Officer and Vice President of China Resources National Corporation each of which is a subsidiary of China Resources Cement Holdings Ltd. He has been a Vice President of China Assets (Holdings) Limited since 1996. He has been Supervisor and Supervisor of Finance - CRH of China Vanke Co. Ltd., since 2001 and 2002, respectively. He served as Deputy Managing Director at China Resources (Holdings) Co., Ltd. He has held various senior positions in the China Resources Group. He has been an Executive Director at Trigiant Group Limited since March 19, 2012. He served as Executive Director of Hengxin Technology Ltd. from June 23, 2005 to January 17, 2007. He was the Director, Vice President and Chief Financial Officer of the China Resources Group with main responsibility for the group's financial and business planning, budgeting and controlling, legal and statutory tax planning, risk management and investment feasibility studies. Mr. Jiang served as General Manager of Finance Department of China Resources (Holdings) Co., Ltd. since 2000 and worked as its Chief Financial Officer. He was with China Resources National Corporation since 1988 where he joined China Resources (Holdings) Company Limited in 1990. He served as the Chief Financial Officer of China Resources (Holdings) Co., Ltd. He has nine years of experience in the telecommunications industry. He served as the Chairman of China Resources Bank of Zhuhai Co., Ltd. Mr. Jiang serves as the Chairman of China Resources Capital Holdings Company Limited. He serves as Chairman at Chian Resources Capital Holdings Company Limited. Previously, Mr. Jiang served as the Chairman at China Mobile Hong Kong Company Limited since March 17, 2005. He served as Chairman of SZITIC Commercial Property Co., Ltd (SCP). He served as the Chairman of the Board at Shandong Dong-E E-Jiao Co. Ltd. He served as Deputy Chairman at Harvest Capital Partners Limited. Mr. Jiang has served as Vice-Chairman of Harvest Capital Partners since its inception and has played an instrumental role in the development of the company. He serves as a Non Executive Director of China Assets Investment Management Limited. He has been an Independent Non-Executive Director of Greentown Real Estate Group Co., Ltd since June 22, 2006. He serves as a Director of CRE, China Resources Co. Ltd. Mr. Jiang serves as a Director of China Resources National Corporation. He served as a Director at China Cifco Investment Co., Ltd. Mr. Jiang served as a Director of China Resources (Holdings) Co., Ltd. (“CRH“) since 2001. He served as an Executive Director of Cosmos Machinery Enterprises Ltd., from June 1, 2007 to July 11, 2014. He served as a Director at China Vanke Co. Ltd. since 2005 until February 26, 2013. He served as Non Executive Director of China Assets (Holdings) Limited from 1996 to January 30, 2015. He served as a Commissioner of PT Lippo Karawaci Tbk until September 07, 2009. Mr. Jiang served as an Independent Non-Executive Director of Greentown China Holdings Limited since June 22, 2006. Mr. Jiang served as a Non-Executive Director of China Resources Enterprise Ltd. from July 1995 to November 18, 2010, Tradelink Electronic Commerce Ltd. from August 2002 to June 9, 2005, China Resources Microelectronics Limited from March 20, 2008 to August 24, 2010, China Resources Gas Group Limited (known as China Resources Logic Ltd.) from August 22, 2006 to November 3, 2008, China Resources Land Ltd. from February 2006 to October 15, 2010, China Resources Power Holdings Co. Ltd. from August 2003 to July 9, 2010, China Resources Cement Holdings Ltd. since June 19, 2003 and China Mobile Hong Kong Company Limited since 1995. He served as a Director of Shandong Dong-E E-Jiao Co. Ltd. Mr. Jiang holds a Bachelor’s degree in International Trade and an Master’s degree in International Business & Finance from the University of International Business and Economics in Beijing, China. He graduated from the Xian Electric Power Machinery Manufacturing Co., Ltd., Electromechanical Institute in 1983 and the Shanghai Social Science Institute (Arts Research Centre), No. 3 Industrial and Regional Culture and Economic Management Postgraduate Course in 2004.

CEO Compensation
  • Wei's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Wei's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team

Lirong Qian

TITLE
Executive Chairman
COMPENSATION
CN¥1M
AGE
53

Wei Jiang

TITLE
Group CEO & Executive Director
COMPENSATION
CN¥951K
AGE
55

William Lee

TITLE
Financial Controller & Company Secretary
AGE
33
Board of Directors Tenure

Average tenure and age of the Trigiant Group board of directors in years:

5.5
Average Tenure
49
Average Age
  • The tenure for the Trigiant Group board of directors is about average.
Board of Directors

Lirong Qian

TITLE
Executive Chairman
COMPENSATION
CN¥1M
AGE
53

Wei Jiang

TITLE
Group CEO & Executive Director
COMPENSATION
CN¥951K
AGE
55
TENURE
7.2 yrs

Xiaofeng Jin

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥99K
AGE
49
TENURE
7.8 yrs

Lina Jia

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥99K
AGE
50
TENURE
7.8 yrs

Fan Shing Chan

TITLE
Independent Non-Executive Director
AGE
41
TENURE
0.7 yrs

Kwan Hung Fung

TITLE
Non-Executive Director
COMPENSATION
CN¥104K
AGE
49
TENURE
3.8 yrs

Chenhui Qian

TITLE
Alternate Director
AGE
32
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Trigiant Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Trigiant Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1300 News

Simply Wall St News

How Should Investors Feel About Trigiant Group Limited's (HKG:1300) CEO Pay?

Check out our latest analysis for Trigiant Group How Does Wei Jiang's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that Trigiant Group Limited has a market cap of HK$2.0b, and is paying total annual CEO compensation of CN¥951k. … With a three year total loss of 10%, Trigiant Group Limited would certainly have some dissatisfied shareholders.

Simply Wall St -

Are Trigiant Group Limited's (HKG:1300) Interest Costs Too High?

Trigiant Group Limited (HKG:1300) is a small-cap stock with a market capitalization of HK$2.5b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Understanding the company's financial health becomes

Simply Wall St -

How Trigiant Group Limited (HKG:1300) Can Impact Your Portfolio Volatility

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Is Trigiant Group Limited’s (HKG:1300) 14% Return On Capital Employed Good News?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Investors In Trigiant Group Limited (HKG:1300) Should Consider This Data

Historically, Trigiant Group Limited (HKG:1300) has been paying a dividend to shareholders. … Let's take a look at Trigiant Group in more detail. … Check out our latest analysis for Trigiant Group

Simply Wall St -

Does Trigiant Group's (HKG:1300) Share Price Gain of 64% Match Its Business Performance?

To wit, the Trigiant Group Limited (HKG:1300) share price is 64% higher than it was a year ago, much better than the market return of around -6.5% (not including dividends) in the same period. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the last year Trigiant Group grew its earnings per share (EPS) by 18%.

Simply Wall St -

Here's What Trigiant Group Limited's (HKG:1300) P/E Ratio Is Telling Us

Trigiant Group has a P/E ratio of 6.45, based on the last twelve months. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) … P/E of 6.45 = CN¥1.16 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.18

Simply Wall St -

Trigiant Group Limited (HKG:1300): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like Trigiant Group Limited (HKG:1300), with a market cap of HK$2.0b. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

What You Must Know About Trigiant Group Limited's (HKG:1300) Beta Value

In finance, Beta is a measure of volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

A Close Look At Trigiant Group Limited’s (HKG:1300) 16% ROCE

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

1300 Company Info

Description

Trigiant Group Limited, an investment holding company, manufactures and sells feeder cables, optical fiber cables and related products, flame-retardant flexible cables, electronic components, and others for mobile communications and telecommunication equipment. The company’s Feeder Cable Series segment offers cables used in transmitting and receiving radio signals, as well as components for telecommunications transmission equipment; and leaky cables primarily used for wireless mobile communications, wireless remote control, and wireless alarm systems for transmitting radio frequency signals, as well as sending and receiving antenna data for areas of weak signal coverage, such as subways, tunnels, underground passages, and interior of buildings. Its Optical Fibre Cable Series and Related Products segment provides cables for use in long haul telecommunication transmission in fixed and wireless telecommunications networks. The company’s Flame-Retardant Flexible Cable Series segment offers cables that are used as internal connection cables for power systems or mobile cable transmission, and distribution systems, as well as communications switch systems requiring uninterrupted power. Its New-Type Electronic Components segment provides sensing products; optical splitters; jumpers for connection of wireless antennas with feeder cables and various communications equipment; and connectors for connection of radio frequency circuits to radio equipment and electronic devices, and antenna lightning arresters installed between a high frequency device and a feeder cable. The company’s Others segment provides couplers, combiners, feeder wall plates, adjustable stands, waterproof clay, insulating tape, cable ties, and feeder hoisting grips. It operates in the People's Republic of China, as well as exports its products to Brazil, India, Russia, the Middle East, South East Asia, etc. The company was founded in 2007 and is headquartered in Yixing, the People's Republic of China.

Details
Name: Trigiant Group Limited
1300
Exchange: SEHK
Founded: 2007
HK$2,024,395,000
1,791,500,000
Website: http://www.trigiant.com.hk
Address: Trigiant Group Limited
No. 1 Junzhi Road,
Industrial Park for Environmental Protection Science & Techn,
Yixing,
Jiangsu Province, 214206,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1300 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 19. Mar 2012
DB 3TG Ordinary Shares Deutsche Boerse AG DE EUR 19. Mar 2012
Number of employees
Current staff
Staff numbers
961
Trigiant Group employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 12:57
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/03/25
Last earnings filing: 2019/04/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.