TC Orient Lighting Holdings Limited, an investment holding company, manufactures and trades in light emitting diode (LED) lighting products and printed circuit boards (PCBs).
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.
7 Day Return
1 Year Return
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.
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
1 week ago | Simply Wall StIntroducing TC Orient Lighting Holdings (HKG:515), The Stock That Tanked 93%
2 months ago | Simply Wall StTC Orient Lighting Holdings (HKG:515) Is Making Moderate Use Of Debt
Is TC Orient Lighting Holdings undervalued compared to its fair value and its price relative to the market?
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).
How is TC Orient Lighting Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Take a look at our analysis of 515’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- TC Orient Lighting Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
How has TC Orient Lighting Holdings performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Ming Xu (47yo)
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.
|CEO & Executive Director||no data||HK$385.00k||no data|
|Executive Director||3yrs||HK$259.00k||no data|
|Executive Director||2.17yrs||HK$142.00k||0.037% HK$60.0k|
|Executive Director||2yrs||HK$283.00k||no data|
|Independent Non-Executive Director||1.83yrs||HK$187.00k||no data|
|Independent Non-Executive Director||3.58yrs||HK$127.00k||no data|
|Independent Non-Executive Director||3.58yrs||HK$247.00k||no data|
|Independent Non-Executive Director||3.83yrs||HK$247.00k||no data|
Experienced Board: 515's board of directors are considered experienced (3.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
TC Orient Lighting Holdings Limited's company bio, employee growth, exchange listings and data sources
- 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
- TC Orient Lighting Holdings Limited
- Unit E, Tower B
- 30th Floor
- Kowloon Bay
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|515||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jun 2006|
|4DT||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2006|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 13:00|
|End of Day Share Price||2020/05/29 00:00|
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.