SEHK:1710

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Trio Industrial Electronics Group

Market Cap

HK$222.0m

Last Updated

2021/06/17 14:08 UTC

Data Sources

Company Financials

Executive Summary

Trio Industrial Electronics Group Limited, an investment holding company, provides customized engineering and contract manufacturing services for a range of industries. More Details


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 1710 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 1710's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-8.3%

1710

2.7%

HK Electronic

-1.5%

HK Market


1 Year Return

24.7%

1710

48.7%

HK Electronic

21.7%

HK Market

Return vs Industry: 1710 underperformed the Hong Kong Electronic industry which returned 48.7% over the past year.

Return vs Market: 1710 exceeded the Hong Kong Market which returned 21.7% over the past year.


Shareholder returns

1710IndustryMarket
7 Day-8.3%2.7%-1.5%
30 Day-10.1%8.0%-0.9%
90 Day16.8%6.5%-2.5%
1 Year37.4%24.7%54.4%48.7%26.2%21.7%
3 Year-46.1%-57.3%2.7%-6.3%9.7%-1.9%
5 Yearn/a74.2%49.8%56.3%29.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Trio Industrial Electronics Group undervalued compared to its fair value and its price relative to the market?

7.69x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1710 (HK$0.22) is trading above our estimate of fair value (HK$0.22)

Significantly Below Fair Value: 1710 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1710 is good value based on its PE Ratio (7.7x) compared to the Hong Kong Electronic industry average (11.3x).

PE vs Market: 1710 is good value based on its PE Ratio (7.7x) compared to the Hong Kong market (11.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1710's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1710 is good value based on its PB Ratio (0.6x) compared to the HK Electronic industry average (0.9x).


Future Growth

How is Trio Industrial Electronics Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.3%

Forecasted Tech 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 Trio Industrial Electronics Group 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 Trio Industrial Electronics Group performed over the past 5 years?

-23.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1710 has high quality earnings.

Growing Profit Margin: 1710's current net profit margins (4.1%) are higher than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: 1710's earnings have declined by 23.7% per year over the past 5 years.

Accelerating Growth: 1710's earnings growth over the past year (29.7%) exceeds its 5-year average (-23.7% per year).

Earnings vs Industry: 1710 earnings growth over the past year (29.7%) exceeded the Electronic industry 15.9%.


Return on Equity

High ROE: 1710's Return on Equity (7.9%) is considered low.


Financial Health

How is Trio Industrial Electronics Group's financial position?


Financial Position Analysis

Short Term Liabilities: 1710's short term assets (HK$451.1M) exceed its short term liabilities (HK$158.9M).

Long Term Liabilities: 1710's short term assets (HK$451.1M) exceed its long term liabilities (HK$20.1M).


Debt to Equity History and Analysis

Debt Level: 1710's debt to equity ratio (6.3%) is considered satisfactory.

Reducing Debt: 1710's debt to equity ratio has reduced from 44.3% to 6.3% over the past 5 years.

Debt Coverage: 1710's debt is well covered by operating cash flow (176.6%).

Interest Coverage: 1710's interest payments on its debt are well covered by EBIT (26.5x coverage).


Balance Sheet


Dividend

What is Trio Industrial Electronics Group current dividend yield, its reliability and sustainability?

10.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1710's dividend (10.81%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.87%).

High Dividend: 1710's dividend (10.81%) is in the top 25% of dividend payers in the Hong Kong market (6%)


Stability and Growth of Payments

Stable Dividend: 1710 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1710's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.2%), 1710's dividend payments are 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?

0.6yrs

Average management tenure


CEO

Leung Lam Tai (73 yo)

3.08yrs

Tenure

HK$5,367,000

Compensation

Mr. Tai Leung Lam is Chief Executive Officer of Trio Industrial Electronics Group Ltd since May 25, 2018. He has been Executive Director of Trio Industrial Electronics Group Limited since April 15, 2016 an...


CEO Compensation Analysis

Compensation vs Market: Leung Lam's total compensation ($USD691.45K) is above average for companies of similar size in the Hong Kong market ($USD228.52K).

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


Leadership Team

Experienced Management: 1710's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: 1710's board of directors are considered experienced (4.3 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

Trio Industrial Electronics Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trio Industrial Electronics Group Limited
  • Ticker: 1710
  • Exchange: SEHK
  • Founded: 1983
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: HK$222.000m
  • Shares outstanding: 1.00b
  • Website: https://www.trio-ieg.com

Number of Employees


Location

  • Trio Industrial Electronics Group Limited
  • Kaiser Estate, Phase II
  • 5th Floor
  • Hung Hom
  • Kowloon
  • Hong Kong

Listings


Biography

Trio Industrial Electronics Group Limited, an investment holding company, provides customized engineering and contract manufacturing services for a range of industries. The company’s product portfolio incl...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/17 14:08
End of Day Share Price2021/06/17 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.