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TC Orient Lighting Holdings

SEHK:515
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
515
SEHK
HK$256M
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

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 last earnings update was 30 days ago. More info.


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  • TC Orient Lighting Holdings has significant price volatility in the past 3 months.
515 Share Price and Events
7 Day Returns
0%
SEHK:515
-5.6%
HK Electronic
-2.4%
HK Market
1 Year Returns
-10.5%
SEHK:515
-44.2%
HK Electronic
-16.5%
HK Market
515 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TC Orient Lighting Holdings (515) 0% -5.1% -1.1% -10.5% -59.1% -77.1%
HK Electronic -5.6% -22.3% -24.3% -44.2% -2.5% 12.2%
HK Market -2.4% -10.2% -8.1% -16.5% 19.3% 4.8%
1 Year Return vs Industry and Market
  • 515 outperformed the Electronic industry which returned -44.2% over the past year.
  • 515 outperformed the Market in Hong Kong which returned -16.5% over the past year.
Price Volatility
515
Industry
5yr Volatility vs Market

Value

 Is TC Orient Lighting Holdings 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
  • It is not possible to calculate the future cash flow value for TC Orient Lighting Holdings. This is due to cash flow or dividend data being unavailable. The share price is HK$0.094.
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 TC Orient Lighting Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TC Orient Lighting Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:515 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$-0.06
SEHK:515 Share Price ** SEHK (2019-05-24) in HKD HK$0.09
Hong Kong Electronic Industry PE Ratio Median Figure of 59 Publicly-Listed Electronic Companies 10.92x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 10.99x

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

** Primary Listing of TC Orient Lighting Holdings.

SEHK:515 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:515 Share Price ÷ EPS (both in HKD)

= 0.09 ÷ -0.06

-1.54x

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

  • TC Orient Lighting Holdings is loss making, we can't compare its value to the HK Electronic industry average.
  • TC Orient Lighting Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does TC Orient Lighting Holdings's expected growth come at a high price?
Raw Data
SEHK:515 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Electronic Industry PEG Ratio Median Figure of 13 Publicly-Listed Electronic Companies 0.45x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.76x

*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 TC Orient Lighting Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TC Orient Lighting Holdings's assets?
Raw Data
SEHK:515 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.08
SEHK:515 Share Price * SEHK (2019-05-24) in HKD HK$0.09
Hong Kong Electronic Industry PB Ratio Median Figure of 83 Publicly-Listed Electronic Companies 1.13x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.94x
SEHK:515 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:515 Share Price ÷ Book Value per Share (both in HKD)

= 0.09 ÷ 0.08

1.21x

* Primary Listing of TC Orient Lighting Holdings.

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

  • TC Orient Lighting Holdings is overvalued based on assets compared to the HK Electronic industry average.
X
Value checks
We assess TC Orient Lighting Holdings'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. TC Orient Lighting Holdings has a total score of 0/6, 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.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
18.1%
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TC Orient Lighting Holdings expected to grow at an attractive rate?
  • Unable to compare TC Orient Lighting Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare TC Orient Lighting Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare TC Orient Lighting Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:515 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Electronic Industry Earnings Growth Rate Market Cap Weighted Average 18.1%
Hong Kong Electronic Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.1%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.5%

*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:515 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 HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:515 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:515 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 340 -59 -134
2018-09-30 386 -23 -132
2018-06-30 432 14 -130
2018-03-31 496 -59 -114
2017-12-31 559 -132 -98
2017-09-30 542 -167 -81
2017-06-30 524 -202 -64
2017-03-31 460 -118 -77
2016-12-31 395 -35 -89
2016-09-30 413 -11 -79
2016-06-30 431 14 -70
2016-03-31 482 1 -76

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if TC Orient Lighting Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if TC Orient Lighting Holdings 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:515 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 TC Orient Lighting Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:515 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:515 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 -0.06
2018-09-30 -0.06
2018-06-30 -0.07
2018-03-31 -0.07
2017-12-31 -0.07
2017-09-30 -0.04
2017-06-30 -0.06
2017-03-31 -0.08
2016-12-31 -0.11
2016-09-30 -0.08
2016-06-30 -0.10
2016-03-31 -0.11

*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 TC Orient Lighting Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. TC Orient Lighting Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  2. TC Orient Lighting Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess TC Orient Lighting Holdings'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.
TC Orient Lighting Holdings has a total score of 0/6, 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.

Past Performance

  How has TC Orient Lighting Holdings 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 TC Orient Lighting Holdings's growth in the last year to its industry (Electronic).
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.
  • TC Orient Lighting Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare TC Orient Lighting Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare TC Orient Lighting Holdings's 1-year growth to the HK Electronic industry average as it is not currently profitable.
Earnings and Revenue History
TC Orient Lighting Holdings'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 TC Orient Lighting Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:515 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 340.42 -133.77 92.62
2018-09-30 386.29 -131.92 90.53
2018-06-30 432.17 -130.08 88.45
2018-03-31 495.80 -114.27 87.59
2017-12-31 559.44 -98.46 86.74
2017-09-30 541.83 -81.26 78.08
2017-06-30 524.22 -64.07 69.43
2017-03-31 459.83 -76.55 78.23
2016-12-31 395.45 -89.04 87.03
2016-09-30 413.32 -79.41 92.42
2016-06-30 431.20 -69.78 97.81
2016-03-31 482.40 -75.50 117.56
2015-12-31 533.61 -81.23 137.32
2015-09-30 581.25 -109.68 170.29
2015-06-30 628.89 -138.13 203.27
2015-03-31 667.40 -125.00 182.64
2014-12-31 705.92 -111.87 162.01
2014-09-30 700.53 -225.17 148.05
2014-06-30 695.13 -338.47 134.09
2014-03-31 685.67 -322.65 130.97
2013-12-31 676.21 -306.83 127.85
2013-09-30 712.35 -256.12 197.97
2013-06-30 748.48 -205.41 268.09
2013-03-31 791.99 -219.24 276.53
2012-12-31 835.50 -233.07 284.97
2012-09-30 915.67 -124.56 213.11
2012-06-30 995.84 -16.05 141.25

*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.
  • It is difficult to establish if TC Orient Lighting Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if TC Orient Lighting Holdings has efficiently used its assets last year compared to the HK Electronic industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if TC Orient Lighting Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess TC Orient Lighting Holdings'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 Electronic 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.
TC Orient Lighting Holdings has a total score of 0/6, 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.

Health

 How is TC Orient Lighting Holdings'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 TC Orient Lighting Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TC Orient Lighting Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • TC Orient Lighting Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TC Orient Lighting Holdings'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.4x 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 TC Orient Lighting Holdings Company Filings, last reported 4 months ago.

SEHK:515 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 136.67 200.52 21.15
2018-09-30 136.67 200.52 21.15
2018-06-30 258.47 185.83 24.61
2018-03-31 258.47 185.83 24.61
2017-12-31 296.21 179.28 43.63
2017-09-30 296.21 179.28 43.63
2017-06-30 252.84 231.48 37.83
2017-03-31 252.84 231.48 37.83
2016-12-31 265.37 243.61 67.76
2016-09-30 265.37 243.61 67.76
2016-06-30 263.73 141.54 91.35
2016-03-31 263.73 141.54 91.35
2015-12-31 285.50 166.42 43.79
2015-09-30 285.50 166.42 43.79
2015-06-30 323.44 113.71 96.69
2015-03-31 323.44 113.71 96.69
2014-12-31 381.68 231.21 167.32
2014-09-30 381.68 231.21 167.32
2014-06-30 385.08 258.71 158.54
2014-03-31 385.08 258.71 158.54
2013-12-31 405.48 142.30 108.77
2013-09-30 405.48 142.30 108.77
2013-06-30 712.18 233.01 138.10
2013-03-31 712.18 233.01 138.10
2012-12-31 697.13 196.25 118.80
2012-09-30 697.13 196.25 118.80
2012-06-30 944.99 292.87 172.49
  • TC Orient Lighting Holdings's level of debt (146.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (35.4% vs 146.7% today).
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.

  • TC Orient Lighting Holdings has less than a year of cash runway based on current free cash flow.
  • TC Orient Lighting Holdings has less than a year of cash runway if free cash flow continues to grow at historical rates of 28.9% each year.
X
Financial health checks
We assess TC Orient Lighting Holdings'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. TC Orient Lighting Holdings has a total score of 1/6, 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.

Dividends

 What is TC Orient Lighting Holdings'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
0%
Current annual income from TC Orient Lighting Holdings dividends.
If you bought HK$2,000 of TC Orient Lighting Holdings shares you are expected to receive HK$0 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?
  • Unable to evaluate TC Orient Lighting Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TC Orient Lighting Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:515 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 Electronic Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 3.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 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:515 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:515 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2013-09-16 0.000 0.000
2013-08-27 0.000 0.000
2013-04-29 0.000 0.000
2013-03-26 0.000 0.000
2012-03-29 0.020 2.084
2011-03-25 0.025 1.176
2010-04-29 0.010 0.439

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

  • Unable to perform a dividend volatility check as TC Orient Lighting Holdings has not reported any payouts.
  • Unable to verify if TC Orient Lighting Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TC Orient Lighting Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TC Orient Lighting Holdings 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.
X
Income/ dividend checks
We assess TC Orient Lighting Holdings'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 TC Orient Lighting Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TC Orient Lighting Holdings has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of TC Orient Lighting Holdings'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.
  • TC Orient Lighting Holdings has no CEO, or we have no data on them.
Management Team

Hua Chen

TITLE
Executive Director
COMPENSATION
HK$417K
AGE
55

Ming Xu

TITLE
Executive Director
COMPENSATION
HK$571K
AGE
46

Jun Hao Guo

TITLE
Executive Director
COMPENSATION
HK$288K
AGE
36

Yongguang Zeng

TITLE
Executive Director
AGE
45

Huazhi Mai

TITLE
Executive Director
AGE
26

Chun Kau Chan

TITLE
Company Secretary
AGE
44
TENURE
3.9 yrs

Darius Cheung

TITLE
Operations Director of The Led Lighting Business of The Group
COMPENSATION
HK$30K
AGE
59
TENURE
5.1 yrs
Board of Directors Tenure

Average tenure and age of the TC Orient Lighting Holdings board of directors in years:

2.7
Average Tenure
45
Average Age
  • The average tenure for the TC Orient Lighting Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hua Chen

TITLE
Executive Director
COMPENSATION
HK$417K
AGE
55
TENURE
3.3 yrs

Ming Xu

TITLE
Executive Director
COMPENSATION
HK$571K
AGE
46
TENURE
2.7 yrs

Jun Hao Guo

TITLE
Executive Director
COMPENSATION
HK$288K
AGE
36
TENURE
2.1 yrs

Yongguang Zeng

TITLE
Executive Director
AGE
45
TENURE
1.2 yrs

Huazhi Mai

TITLE
Executive Director
AGE
26
TENURE
1 yrs

Jimmy Loke

TITLE
Independent Non-Executive Director
AGE
68
TENURE
0.9 yrs

Kwok On Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$159K
AGE
63
TENURE
2.7 yrs

Bonathan Wai

TITLE
Independent Non-Executive Director
COMPENSATION
HK$279K
AGE
27
TENURE
2.7 yrs

Hongxiang Li

TITLE
Independent Executive Director
COMPENSATION
HK$279K
AGE
27
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess TC Orient Lighting Holdings'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. TC Orient Lighting Holdings 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.

News

Simply Wall St News

What Does TC Orient Lighting Holdings Limited's (HKG:515) Balance Sheet Tell Us About It?

With this growth in debt, the current cash and short-term investment levels stands at HK$21m to keep the business going. … Looking at 515’s HK$516m in current liabilities, it appears that the company may not be able to easily meet these obligations given the level of current assets of HK$477m, with a current ratio of 0.92x. … Next Steps: 515’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

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What does TC Orient Lighting Holdings Limited's (HKG:515) Balance Sheet Tell Us About Its Future?

TC Orient Lighting Holdings Limited (HKG:515) is a small-cap stock with a market capitalization of HK$177m. … 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. … Companies operating in the Electronic industry,

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Can We See Significant Insider Ownership On The TC Orient Lighting Holdings Limited (HKG:515) Share Register?

If you want to know who really controls TC Orient Lighting Holdings Limited (HKG:515), then you'll have to look at the makeup of its share registry. … TC Orient Lighting Holdings is not a large company by global standards. … View our latest analysis for TC Orient Lighting Holdings

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What does TC Orient Lighting Holdings Limited's (HKG:515) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as TC Orient Lighting Holdings Limited (HKG:515) with its market cap of HK$129m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

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Why TC Orient Lighting Holdings Limited's (HKG:515) Investor Composition Impacts Your Returns

Today, I will be analyzing TC Orient Lighting Holdings Limited’s (HKG:515) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Check out our latest analysis for TC Orient Lighting Holdings

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Is TC Orient Lighting Holdings Limited's (HKG:515) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as TC Orient Lighting Holdings Limited (HKG:515) with its market cap of HK$194.81m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

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Dilution Ahead For TC Orient Lighting Holdings Limited (HKG:515) Shareholders?

The single most important question to ask when you’re investing in a loss-making company is – will they need to raise cash again, and if so, when? … View our latest analysis for TC Orient Lighting Holdings What is cash burn? … SEHK:515 Income Statement Apr 10th 18 When will TC Orient Lighting Holdings need to raise more cash?

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What does TC Orient Lighting Holdings Limited's (HKG:515) Balance Sheet Tell Us About Its Future?

With this growth in debt, the current cash and short-term investment levels stands at HK$67.76M , ready to deploy into the business. … Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: With a high level of debt on its balance sheet, 515 could still be in a financially strong position if its cash flow also stacked up.

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Does TC Orient Lighting Holdings Limited's (HKG:515) Earnings Growth Make It An Outperformer?

Assessing TC Orient Lighting Holdings Limited's (SEHK:515) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how TC Orient Lighting Holdings is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its electronic industry peers. … View our latest analysis for TC Orient Lighting Holdings Did 515 beat its long-term earnings growth trend and its industry?

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Are TC Orient Lighting Holdings Limited's (SEHK:515) Interest Costs Too High?

Though its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … With a high level of debt on its balance sheet, 515 could still be in a financially strong position if its cash flow also stacked up. … 515's high debt levels on top of low cash coverage of debt as well as low liquidity coverage of short-term commitments may not build the strongest investment case.

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Company Info

Description

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 for governments and LED lighting commercial projects. 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 has operations in the People’s Republic of China, Taiwan, Japan, other Asian countries, the United States, Austria, Holland, Hungary, Switzerland, Turkey, France, Greece, Germany, other European countries, 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 Tsim Sha Tsui, Hong Kong.

Details
Name: TC Orient Lighting Holdings Limited
515
Exchange: SEHK
Founded: 1988
HK$255,514,275
2,718,236,970
Website: http://www.tatchun.com
Address: TC Orient Lighting Holdings Limited
East Ocean Centre,
11th Floor,
Tsim Sha Tsui,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 515 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 23. Jun 2006
DB 4DT Ordinary Shares Deutsche Boerse AG DE EUR 23. Jun 2006
Number of employees
Current staff
Staff numbers
1,044
TC Orient Lighting Holdings employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 12:46
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2018/03/27
Last earnings filing: 2019/04/25
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.