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.

Risks

  • Trigiant Group is covered by less than 3 analysts.

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

-2.7%

SEHK:1300

-1.6%

HK Communications

0.7%

HK Market


1 Year Return

35.8%

SEHK:1300

-17.0%

HK Communications

-5.3%

HK Market

1300 outperformed the Communications industry which returned -14.6% over the past year.

1300 outperformed the Market in Hong Kong which returned -3.3% over the past year.


Share holder returns

1300IndustryMarket
7 Day-2.7%-1.6%0.7%
30 Day-0.7%2.1%4.9%
90 Day17.1%-5.1%-3.7%
1 Year38.5%35.8%-14.0%-17.0%-1.8%-5.3%
3 Year34.3%23.1%6.5%-1.9%16.4%4.6%
5 Year-22.7%-36.8%-14.2%-26.9%18.0%-1.7%

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 based on future cash flows and its price relative to the stock market?

5.65x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Trigiant Group's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Trigiant Group's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Unable to calculate PEG ratio for Trigiant Group, we can't assess if its growth is good value.


Price Based on Value of Assets

Trigiant Group is good value based on assets compared to the HK Communications industry average.


Next Steps

Future Growth

How is Trigiant Group expected 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 Estimates


Future Annual Growth Analysis

Trigiant Group's revenue is expected to grow significantly at over 20% yearly.

Trigiant Group's earnings are expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).

Trigiant Group's revenue growth is expected to exceed the Hong Kong market average.

Trigiant Group's earnings growth is positive but not above the Hong Kong market average.

Trigiant Group's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Trigiant Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Trigiant Group's year on year earnings growth rate has been positive over the past 5 years.

Trigiant Group's 1-year earnings growth exceeds its 5-year average (28.5% vs 1.6%)

Trigiant Group's earnings growth has exceeded the HK Communications industry average in the past year (28.5% vs -15.1%).


Return on Equity

Trigiant Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Trigiant Group used its assets more efficiently than the HK Communications industry average last year based on Return on Assets.


Return on Capital Employed

Trigiant Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Trigiant Group's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Trigiant Group's level of debt (39.2%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (74.7% vs 39.2% today).

Debt is not well covered by operating cash flow (3.2%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 10.6x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 3.6x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Trigiant Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Trigiant Group's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Trigiant Group has not reported any payouts.

Unable to verify if Trigiant Group's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Trigiant Group has not reported any payouts.


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 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

Wei's remuneration is lower than average for companies of similar size in Hong Kong.

Wei's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

5.3yrs

Average Tenure

50yo

Average Age

The tenure for the Trigiant Group board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


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: 1yrs
    • Compensation: CN¥33.00k
  • Xiaofeng Jin (50yo)

    Independent Non-Executive Director

    • Tenure: 8.1yrs
    • Compensation: CN¥89.00k
  • Lina Jia (51yo)

    Independent Non-Executive Director

    • Tenure: 8.1yrs
    • Compensation: CN¥89.00k
  • Chenhui Qian (33yo)

    Alternate Director

    • Tenure: 3yrs
  • Bin Xia (42yo)

    Non-Executive Director

    • Tenure: 0.2yrs

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$2.634b
  • 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 Analysis2019/09/17 12:50
End of Day Share Price2019/09/17 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.