SEHK:1300

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Solid track record with excellent balance sheet.

Share Price & News

How has Trigiant Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

1300

-1.7%

HK Communications

0.9%

HK Market


1 Year Return

47.9%

1300

-13.2%

HK Communications

0.6%

HK Market

Return vs Industry: 1300 exceeded the Hong Kong Communications industry which returned -13.2% over the past year.

Return vs Market: 1300 exceeded the Hong Kong Market which returned 0.6% over the past year.


Shareholder returns

1300IndustryMarket
7 Day0%-1.7%0.9%
30 Day-4.7%-8.3%0.4%
90 Day-10.1%-6.9%-5.5%
1 Year50.8%47.9%-10.0%-13.2%4.2%0.6%
3 Year24.0%13.6%-5.0%-12.4%15.5%3.9%
5 Year-14.8%-30.4%-23.5%-20.3%19.9%-0.1%

Price Volatility Vs. Market

How volatile is Trigiant Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Trigiant Group undervalued compared to its fair value and its price relative to the market?

4.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 1300 (HK$1.42) is trading below our estimate of fair value (HK$1.48)

Significantly Undervalued: 1300 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 1300 is good value based on its PE Ratio (5.6x) compared to the Communications industry average (13.1x).

PE vs Market: 1300 is good value based on its PE Ratio (5.6x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 1300's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1300 is good value based on its PB Ratio (0.7x) compared to the HK Communications industry average (1.1x).


Next Steps

Future Growth

How is Trigiant Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1300's forecast earnings growth (6.6% per year) is above the savings rate (2%).

Earnings vs Market: 1300's earnings (6.6% per year) are forecast to grow slower than the Hong Kong market (11.4% per year).

High Growth Earnings: 1300's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1300's revenue (30% per year) is forecast to grow faster than the Hong Kong market (10.2% per year).

High Growth Revenue: 1300's revenue (30% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 1300's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Trigiant Group performed over the past 5 years?

1.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 1300's earnings have grown by 1.6% per year over the past 5 years.

Accelerating Growth: 1300's earnings growth over the past year (28.5%) exceeds its 5-year average (1.6% per year).

Earnings vs Industry: 1300 earnings growth over the past year (28.5%) exceeded the Communications industry -14.9%.


Return on Equity

High ROE: 1300's Return on Equity (12.1%) is considered low.


Return on Assets

ROA vs Industry: 1300 has a higher Return on Assets than the Communications industry average last year.


Return on Capital Employed

ROCE Improving: 1300 has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Trigiant Group's financial position?


Financial Position Analysis

Short Term Liabilities: 1300's short term assets (CN¥4.8B) exceeds its short term liabilities (CN¥2.0B)

Long Term Liabilities: 1300's short term assets (4.8B) exceeds its long term liabilities (60.8M)


Debt to Equity History and Analysis

Debt Level: 1300's debt to equity ratio (39.2%) is considered satisfactory

Reducing Debt: 1300's debt to equity ratio has reduced from 74.7% to 39.2% over the past 5 years.

Debt Coverage: 1300's debt is not well covered by operating cash flow (17.6%).

Interest Coverage: 1300's interest payments on its debt are well covered by EBIT (10.6x coverage).


Balance Sheet

Inventory Level: 1300 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 1300's debt is covered by short term assets (assets are 3.579040x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%6.3%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 1300's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 1300's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 1300's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1300's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1300 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 1300's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

5.3yrs

Average board tenure


CEO

Wei Jiang (56yo)

0yrs

Tenure

CN¥905,000

Compensation

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 Ge ...


CEO Compensation Analysis

Compensation vs. Market: Wei's total compensation ($USD127.80K) is about average for companies of similar size in the Hong Kong market ($USD298.58K).

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


Board Age and Tenure

5.3yrs

Average Tenure

50yo

Average Age

Experienced Board: 1300's board of directors are considered experienced (5.3 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

  • Wei Jiang (56yo)

    Group CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: CN¥905.00k
  • Lirong Qian (54yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: CN¥1.02m
  • William Lee (34yo)

    Financial Controller & Company Secretary

    • Tenure: 0yrs

Board Members

  • Wei Jiang (56yo)

    Group CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: CN¥905.00k
  • Lirong Qian (54yo)

    Executive Chairman

    • Tenure: 0yrs
    • Compensation: CN¥1.02m
  • Fan Shing Chan (42yo)

    Independent Non-Executive Director

    • Tenure: 1.1yrs
    • Compensation: CN¥33.00k
  • Xiaofeng Jin (50yo)

    Independent Non-Executive Director

    • Tenure: 8.2yrs
    • Compensation: CN¥89.00k
  • Lina Jia (51yo)

    Independent Non-Executive Director

    • Tenure: 8.2yrs
    • Compensation: CN¥89.00k
  • Chenhui Qian (33yo)

    Alternate Director

    • Tenure: 3.1yrs
  • Bin Xia (42yo)

    Non-Executive Director

    • Tenure: 0.3yrs

Company Information

Trigiant Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trigiant Group Limited
  • Ticker: 1300
  • Exchange: SEHK
  • Founded: 2007
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: HK$2.544b
  • Shares outstanding: 1.79b
  • Website: https://www.trigiant.com.hk

Number of Employees


Location

  • Trigiant Group Limited
  • No. 1 Junzhi Road
  • Industrial Park for Environmental Protection Science & Techn
  • Yixing
  • Jiangsu Province
  • 214206
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1300SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2012
3TGDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2012

Biography

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 fo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 12:52
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.