SEHK:515

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TC Orient Lighting Holdings

Executive Summary

TC Orient Lighting Holdings Limited, an investment holding company, manufactures and trades in light emitting diode (LED) lighting products and printed circuit boards (PCBs).


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.

Share Price & News

How has TC Orient Lighting Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 515 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.2%

515

-2.1%

HK Electronic

1.4%

HK Market


1 Year Return

-40.0%

515

-5.3%

HK Electronic

-9.9%

HK Market

Return vs Industry: 515 underperformed the Hong Kong Electronic industry which returned -5.4% over the past year.

Return vs Market: 515 underperformed the Hong Kong Market which returned -9.9% over the past year.


Shareholder returns

515IndustryMarket
7 Day-3.2%-2.1%1.4%
30 Day5.3%-4.6%-3.7%
90 Day30.4%-18.3%-7.8%
1 Year-40.0%-40.0%-3.1%-5.3%-6.9%-9.9%
3 Year-77.5%-82.6%-22.3%-28.2%-4.8%-14.4%
5 Year-90.7%-92.9%5.4%-8.2%-15.2%-28.3%

Price Volatility Vs. Market

How volatile is TC Orient Lighting Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TC Orient Lighting Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 515 (HK$0.06) is trading below our estimate of fair value (HK$0.35)

Significantly Below Fair Value: 515 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 515 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: 515 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 515's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 515 is overvalued based on its PB Ratio (1.4x) compared to the HK Electronic industry average (0.7x).


Next Steps

Future Growth

How is TC Orient Lighting Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.5%

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 TC Orient Lighting Holdings 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.


Next Steps

Past Performance

How has TC Orient Lighting Holdings performed over the past 5 years?

-4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 515 is currently unprofitable.

Growing Profit Margin: 515 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 515 is unprofitable, and losses have increased over the past 5 years at a rate of -4% per year.

Accelerating Growth: Unable to compare 515's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 515 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-4.3%).


Return on Equity

High ROE: 515 has a negative Return on Equity (-209.65%), as it is currently unprofitable.


Next Steps

Financial Health

How is TC Orient Lighting Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 515's short term assets (HK$353.5M) do not cover its short term liabilities (HK$448.1M).

Long Term Liabilities: 515's short term assets (HK$353.5M) exceed its long term liabilities (HK$14.7M).


Debt to Equity History and Analysis

Debt Level: 515's debt to equity ratio (278.8%) is considered high.

Reducing Debt: 515's debt to equity ratio has increased from 60.1% to 278.8% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 515 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 515 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 23.9% per year.


Next Steps

Dividend

What is TC Orient Lighting Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 515's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 515's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 515's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 515's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 515 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 515's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average board tenure


CEO

Ming Xu (47yo)

no data

Tenure

HK$385,000

Compensation

Mr. Ming Xu serves as Chief Executive Officer at TC Orient Lighting Holdings Limited since April 9, 2020. Mr. Xu has been an Executive Director of TC Orient Lighting Holdings Limited since September 14, 20 ...


CEO Compensation Analysis

Compensation vs Market: Ming's total compensation ($USD49.66K) is below average for companies of similar size in the Hong Kong market ($USD224.71K).

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


Board Members

NamePositionTenureCompensationOwnership
Ming Xu
CEO & Executive Directorno dataHK$385.00kno data
Jun Hao Guo
Executive Director3yrsHK$259.00kno data
Yongguang Zeng
Executive Director2.17yrsHK$142.00k0.037% HK$60.0k
Huazhi Mai
Executive Director2yrsHK$283.00kno data
Yu Loke
Independent Non-Executive Director1.83yrsHK$187.00kno data
Kwok On Wong
Independent Non-Executive Director3.58yrsHK$127.00kno data
Ka Cheung Wai
Independent Non-Executive Director3.58yrsHK$247.00kno data
Hongxiang Li
Independent Non-Executive Director3.83yrsHK$247.00kno data

3.3yrs

Average Tenure

41.5yo

Average Age

Experienced Board: 515's board of directors are considered experienced (3.3 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

TC Orient Lighting Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TC Orient Lighting Holdings Limited
  • Ticker: 515
  • Exchange: SEHK
  • Founded: 1988
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: HK$163.094m
  • Shares outstanding: 2.72b
  • Website: https://www.tatchun.com

Number of Employees


Location

  • TC Orient Lighting Holdings Limited
  • Unit E, Tower B
  • 30th Floor
  • Kowloon Bay
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
515SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 2006
4DTDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2006

Biography

TC Orient Lighting Holdings Limited, an investment holding company, manufactures and trades in light emitting diode (LED) lighting products and printed circuit boards (PCBs). The company offers single-sided, double-sided, multi-layered, and HDI PCBs for multinational corporations, various Chinese brands, and electronics manufacturing service companies; and produces, sells, and installs LED street lamps. Its products are primarily used in consumer electronics, computers and computer peripherals, communications equipment, and automotive electronics. The company also trades in tower and electric cables. It operates in the People’s Republic of China, Hong Kong, other Asian countries, Europe, and internationally. The company was formerly known as TC Interconnect Holdings Limited and changed its name to TC Orient Lighting Holdings Limited in March 2012. TC Orient Lighting Holdings Limited was founded in 1988 and is headquartered in Kowloon Bay, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 13:00
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.