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Tongda Group Holdings

SEHK:698
Snowflake Description

Very undervalued with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
698
SEHK
HK$4B
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

Tongda Group Holdings Limited, an investment holding company, provides high-precision components used in consumer electronic products in Mainland China, Southeast Asia, the Middle East, and internationally. The last earnings update was 43 days ago. More info.


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  • Tongda Group Holdings has significant price volatility in the past 3 months.
698 Share Price and Events
7 Day Returns
-1.5%
SEHK:698
-9.8%
HK Electronic
-4.1%
HK Market
1 Year Returns
-65.6%
SEHK:698
-45.6%
HK Electronic
-17.2%
HK Market
698 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tongda Group Holdings (698) -1.5% -27.3% -31.9% -65.6% -59.2% -35.4%
HK Electronic -9.8% -23.2% -24.7% -45.6% -2.5% 13.1%
HK Market -4.1% -10.7% -8.4% -17.2% 20% 5.5%
1 Year Return vs Industry and Market
  • 698 underperformed the Electronic industry which returned -45.6% over the past year.
  • 698 underperformed the Market in Hong Kong which returned -17.2% over the past year.
Price Volatility
698
Industry
5yr Volatility vs Market

Value

 Is Tongda Group 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
Here we compare the current share price of Tongda Group Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tongda Group Holdings.

SEHK:698 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.3%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:698
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.041 (1 + (1- 25%) (100.12%))
1.551
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.55
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.551 * 6.65%)
12.32%

Discounted Cash Flow Calculation for SEHK:698 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tongda Group Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:698 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 12.32%)
2019 -279.00 Analyst x3 -248.41
2020 842.33 Analyst x3 667.73
2021 936.00 Analyst x4 660.61
2022 1,010.69 Est @ 7.98% 635.11
2023 1,073.22 Est @ 6.19% 600.45
2024 1,126.15 Est @ 4.93% 560.97
2025 1,171.79 Est @ 4.05% 519.70
2026 1,212.08 Est @ 3.44% 478.62
2027 1,248.53 Est @ 3.01% 438.95
2028 1,282.32 Est @ 2.71% 401.39
Present value of next 10 years cash flows HK$4,715.12
SEHK:698 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$1,282.32 × (1 + 2%) ÷ (12.32% – 2%)
HK$12,682.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$12,682.71 ÷ (1 + 12.32%)10
HK$3,969.96
SEHK:698 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$4,715.12 + HK$3,969.96
HK$8,685.08
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$8,685.08 / 6,479.51
HK$1.34
SEHK:698 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$1.34
Current discount Discount to share price of HK$0.64
= -1 x (HK$0.64 - HK$1.34) / HK$1.34
52.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Tongda Group Holdings is available for.
Intrinsic value
>50%
Share price is HK$0.64 vs Future cash flow value of HK$1.34
Current Discount Checks
For Tongda Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tongda Group Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tongda Group Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Tongda Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tongda Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:698 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.09
SEHK:698 Share Price ** SEHK (2019-05-24) in HKD HK$0.64
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 10.96x

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

** Primary Listing of Tongda Group Holdings.

SEHK:698 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:698 Share Price ÷ EPS (both in HKD)

= 0.64 ÷ 0.09

7.3x

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

  • Tongda Group Holdings is good value based on earnings compared to the HK Electronic industry average.
  • Tongda Group Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Tongda Group Holdings's expected growth come at a high price?
Raw Data
SEHK:698 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
27.1%per year
Hong Kong Electronic Industry PEG Ratio Median Figure of 13 Publicly-Listed Electronic Companies 0.46x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

SEHK:698 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.3x ÷ 27.1%

0.27x

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

  • Tongda Group Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Tongda Group Holdings's assets?
Raw Data
SEHK:698 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.92
SEHK:698 Share Price * SEHK (2019-05-24) in HKD HK$0.64
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:698 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:698 Share Price ÷ Book Value per Share (both in HKD)

= 0.64 ÷ 0.92

0.7x

* Primary Listing of Tongda Group Holdings.

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

  • Tongda Group Holdings is good value based on assets compared to the HK Electronic industry average.
X
Value checks
We assess Tongda Group 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. Tongda Group Holdings has a total score of 6/6, 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 Tongda Group Holdings expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

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
27.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tongda Group Holdings expected to grow at an attractive rate?
  • Tongda Group Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Tongda Group Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Tongda Group Holdings's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:698 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:698 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 27.1%
SEHK:698 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 12.5%
Hong Kong Electronic Industry Earnings Growth Rate Market Cap Weighted Average 18.5%
Hong Kong Electronic Industry Revenue Growth Rate Market Cap Weighted Average 12.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.6%
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:698 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:698 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 13,168 1,541 1,350 7
2020-12-31 11,267 1,285 1,068 13
2019-12-31 10,084 1,043 869 13
SEHK:698 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 8,899 1,038 543
2018-09-30 8,997 835 839
2018-06-30 9,095 633 1,135
2018-03-31 8,829 643 1,070
2017-12-31 8,563 654 1,006
2017-09-30 8,384 928 960
2017-06-30 8,205 1,202 914
2017-03-31 8,015 1,155 959
2016-12-31 7,825 1,108 1,004
2016-09-30 7,128 803 896
2016-06-30 6,432 497 789
2016-03-31 6,253 515 746

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tongda Group Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Tongda Group Holdings's revenue is expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).
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:698 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 13 Analyst Estimates (S&P Global) See Below

All data from Tongda Group Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:698 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.21 0.25 0.17 7.00
2020-12-31 0.17 0.24 0.11 12.00
2019-12-31 0.14 0.16 0.12 10.00
SEHK:698 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.09
2018-09-30 0.14
2018-06-30 0.19
2018-03-31 0.18
2017-12-31 0.17
2017-09-30 0.16
2017-06-30 0.16
2017-03-31 0.17
2016-12-31 0.18
2016-09-30 0.16
2016-06-30 0.14
2016-03-31 0.13

*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.
  • Tongda Group Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tongda Group 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.
Tongda Group Holdings has a total score of 4/6, 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 Tongda Group 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 Tongda Group 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.
  • Tongda Group Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Tongda Group Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Tongda Group Holdings's 1-year earnings growth is negative, it can't be compared to the HK Electronic industry average.
Earnings and Revenue History
Tongda Group 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 Tongda Group Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:698 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 8,899.31 542.82 1,003.44
2018-09-30 8,997.10 838.70 1,008.63
2018-06-30 9,094.89 1,134.57 1,013.82
2018-03-31 8,828.86 1,070.35 991.95
2017-12-31 8,562.83 1,006.13 970.09
2017-09-30 8,383.69 960.27 893.76
2017-06-30 8,204.55 914.41 817.42
2017-03-31 8,014.81 959.20 748.22
2016-12-31 7,825.08 1,004.00 679.03
2016-09-30 7,128.35 896.34 669.63
2016-06-30 6,431.63 788.69 660.22
2016-03-31 6,252.84 745.76 627.19
2015-12-31 6,074.06 702.84 594.15
2015-09-30 5,822.84 665.83 533.68
2015-06-30 5,571.62 628.82 473.22
2015-03-31 5,181.48 565.26 457.74
2014-12-31 4,791.35 501.70 442.25
2014-09-30 4,414.86 449.32 426.52
2014-06-30 4,038.37 396.93 410.79
2014-03-31 3,832.74 378.52 384.83
2013-12-31 3,627.10 360.10 358.87
2013-09-30 3,663.45 338.53 340.48
2013-06-30 3,699.80 316.96 322.08
2013-03-31 3,553.95 308.48 307.58
2012-12-31 3,408.09 300.01 293.08
2012-09-30 3,336.64 280.76 287.74
2012-06-30 3,265.18 261.52 282.39

*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.
  • Tongda Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tongda Group Holdings used its assets more efficiently than the HK Electronic industry average last year based on Return on Assets.
  • Tongda Group Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tongda Group 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.
Tongda Group Holdings has a total score of 2/6, 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 Tongda Group 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 Tongda Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tongda Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tongda Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tongda Group 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 1.9x 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 Tongda Group Holdings Company Filings, last reported 4 months ago.

SEHK:698 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,937.16 4,151.86 768.40
2018-09-30 5,937.16 4,151.86 768.40
2018-06-30 6,505.36 4,202.48 1,010.96
2018-03-31 6,505.36 4,202.48 1,010.96
2017-12-31 5,885.30 3,921.14 792.49
2017-09-30 5,885.30 3,921.14 792.49
2017-06-30 5,000.66 3,247.31 602.47
2017-03-31 5,000.66 3,247.31 602.47
2016-12-31 4,666.31 2,976.34 869.08
2016-09-30 4,666.31 2,976.34 869.08
2016-06-30 4,235.15 2,874.98 662.52
2016-03-31 4,235.15 2,874.98 662.52
2015-12-31 4,039.32 2,368.71 762.39
2015-09-30 4,039.32 2,368.71 762.39
2015-06-30 3,836.80 1,607.22 335.51
2015-03-31 3,836.80 1,607.22 335.51
2014-12-31 3,636.47 979.98 360.16
2014-09-30 3,636.47 979.98 360.16
2014-06-30 3,277.54 900.41 481.68
2014-03-31 3,277.54 900.41 481.68
2013-12-31 2,549.17 849.67 195.12
2013-09-30 2,549.17 849.67 195.12
2013-06-30 2,339.98 769.84 189.85
2013-03-31 2,339.98 769.84 189.85
2012-12-31 2,192.88 660.41 233.34
2012-09-30 2,192.88 660.41 233.34
2012-06-30 2,016.30 563.81 195.10
  • Tongda Group Holdings's level of debt (69.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33.2% vs 69.9% today).
  • Debt is well covered by operating cash flow (25%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.7x coverage).
X
Financial health checks
We assess Tongda Group 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. Tongda Group Holdings has a total score of 4/6, 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 Tongda Group 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
4.38%
Current annual income from Tongda Group Holdings dividends. Estimated to be 6.87% next year.
If you bought HK$2,000 of Tongda Group Holdings shares you are expected to receive HK$88 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?
  • Tongda Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.1%).
  • Tongda Group Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.84%).
Upcoming dividend payment

Purchase Tongda Group Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:698 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 13 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 967 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:698 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.06 6.00
2020-12-31 0.04 11.00
2019-12-31 0.04 11.00
SEHK:698 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-11 0.028 3.568
2018-04-13 0.054 4.876
2017-08-24 0.048 2.438
2017-03-22 0.052 2.171
2016-04-19 0.037 2.008
2015-06-03 0.030 2.167
2014-04-10 0.025 2.345
2013-03-15 0.020 3.721
2013-03-14 0.020 3.573
2012-04-23 0.017 5.217
2011-08-22 0.017 7.037
2011-03-17 0.020 5.631
2010-08-23 0.012 3.179
2010-04-19 0.009 2.850
2009-09-23 0.006 2.003

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Tongda Group Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess Tongda Group 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 Tongda Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tongda Group Holdings has a total score of 4/6, 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 Tongda Group 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.
CEO
Ya Nan Wang
COMPENSATION HK$2,354,000
AGE 60
CEO Bio

Mr. Ya Nan Wang serves as the Executive Chairman and Chief Executive Officer of Tongda Group Holdings Limited. Mr. Wang is responsible for its overall strategic planning and business development of Tongda Group and also responsible for the development of its overseas markets. He joined Tongda Group in December 1988 and has over 37 years of experience in the electronics and electrical industry. He has been a Non-Executive Director of Tongda Hong Tai Holdings Ltd since April 19, 2016 and serves as its Chairman. He graduated with an Executive Master of Business Administration degree from Xiamen University in December 2012.

CEO Compensation
  • Ya Nan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ya Nan's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team

Ya Nan Wang

TITLE
Chairman & CEO
COMPENSATION
HK$2M
AGE
60

Ya Wang

TITLE
Vice Chairman & GM
COMPENSATION
HK$2M
AGE
62

Ah Yeung Wong

TITLE
Deputy GM & Executive Director
COMPENSATION
HK$2M
AGE
68

Ming Wang

TITLE
Deputy GM of Tongda Ironware & Executive Director
COMPENSATION
HK$948K
AGE
42

Connie Siu

TITLE
Financial Controller
TENURE
0.7 yrs

Siu Wa Lam

TITLE
Company Secretary
AGE
44
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Tongda Group Holdings board of directors in years:

11.6
Average Tenure
64
Average Age
  • The average tenure for the Tongda Group Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ya Nan Wang

TITLE
Chairman & CEO
COMPENSATION
HK$2M
AGE
60

Ya Wang

TITLE
Vice Chairman & GM
COMPENSATION
HK$2M
AGE
62

Ah Yeung Wong

TITLE
Deputy GM & Executive Director
COMPENSATION
HK$2M
AGE
68

Ming Wang

TITLE
Deputy GM of Tongda Ironware & Executive Director
COMPENSATION
HK$948K
AGE
42
TENURE
11.2 yrs

Stephen Ting

TITLE
Independent Non-Executive Director
COMPENSATION
HK$598K
AGE
64
TENURE
18.4 yrs

Ah Yu Wong

TITLE
Non-Executive Director
COMPENSATION
HK$2M
AGE
65

Sun Say Yu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$548K
AGE
79
TENURE
11.6 yrs

Christopher Cheung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$548K
AGE
66
TENURE
14.7 yrs

Sze Man Chan

TITLE
Non-Executive Director
AGE
37
TENURE
0.8 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$) Value (HK$)
12. Feb 19 Sell Mondrian Investment Partners Limited Company 08. Feb 19 08. Feb 19 -23,210,000 HK$1.03 HK$-23,941,147
14. Sep 18 Buy Ya Nan Wang Individual 13. Sep 18 13. Sep 18 14,120,000 HK$1.01 HK$14,237,147
14. Sep 18 Sell Wellington Management Group LLP Company 13. Sep 18 13. Sep 18 -22,210,000 HK$1.01 HK$-22,343,190
17. Sep 18 Buy Ya Nan Wang Individual 17. Sep 18 17. Sep 18 3,000,000 HK$1.05 HK$3,144,609
14. Sep 18 Sell Mondrian Investment Partners Limited Company 13. Sep 18 13. Sep 18 -11,390,000 HK$1.01 HK$-11,501,661
14. Sep 18 Buy Ya Nan Wang Individual 14. Sep 18 14. Sep 18 12,000,000 HK$1.06 HK$12,703,206
27. Aug 18 Sell Wellington Management Group LLP Company 24. Aug 18 24. Aug 18 -2,552,476 HK$1.20 HK$-3,062,972
X
Management checks
We assess Tongda Group 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. Tongda Group 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

Do Insiders Own Shares In Tongda Group Holdings Limited (HKG:698)?

A look at the shareholders of Tongda Group Holdings Limited (HKG:698) can tell us which group is most powerful. … See our latest analysis for Tongda Group Holdings SEHK:698 Ownership Summary, May 23rd 2019 What Does The Institutional Ownership Tell Us About Tongda Group Holdings? … Insider Ownership Of Tongda Group Holdings The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Does Tongda Group Holdings Limited’s (HKG:698) ROCE Reflect Well On The Business?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Tongda Group Holdings: 0.099 = HK$768m ÷ (HK$14b - HK$5.9b) (Based on the trailing twelve months to December 2018.) Therefore, Tongda Group Holdings has an ROCE of 9.9%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … Tongda Group Holdings's ROCE is improved somewhat by its moderate amount of current liabilities.

Simply Wall St -

Is Tongda Group Holdings Limited (HKG:698) Trading At A 36% Discount?

by taking the foreast future cash flows of the company and discounting them back to today's value. … We generally believe that a company's value is the present value of all of the cash it will generate in the future. … See our latest analysis for Tongda Group Holdings

Simply Wall St -

What Do Analysts Think About Tongda Group Holdings Limited's (HKG:698) Future?

The most recent earnings release Tongda Group Holdings Limited's (HKG:698) announced in December 2018a

Simply Wall St -

What You Should Know About Tongda Group Holdings Limited's (HKG:698) Financial Strength

While small-cap stocks, such as Tongda Group Holdings Limited (HKG:698) with its market cap of HK$6.2b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

Is Tongda Group Holdings Limited (HKG:698) A Volatile Stock?

Volatility is considered to be a measure of risk in modern finance theory. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Tongda Group Holdings Limited (HKG:698) Has Attractive Fundamentals

Tongda Group Holdings Limited (HKG:698) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of 698, it

Simply Wall St -

Tongda Group Holdings Limited (HKG:698) Insiders Increased Their Holdings

So before you buy or sell Tongda Group Holdings Limited (HKG:698), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At Tongda Group Holdings.

Simply Wall St -

Some Tongda Group Holdings Shareholders Are Down 48%

That downside risk was realized by Tongda Group Holdings Limited (HKG:698) shareholders over the last year, as the share price declined 48%. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … Even though the Tongda Group Holdings share price is down over the year, its EPS actually improved.

Simply Wall St -

Should You Think About Buying Tongda Group Holdings Limited (HKG:698) Now?

Tongda Group Holdings Limited (HKG:698), which is in the electronic business, and is based in Hong Kong,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s examine Tongda Group Holdings’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Simply Wall St -

Company Info

Description

Tongda Group Holdings Limited, an investment holding company, provides high-precision components used in consumer electronic products in Mainland China, Southeast Asia, the Middle East, and internationally. It operates through three segments: Electrical Fittings, Ironware Parts, and Communication Facilities and Others. The Electrical Fittings segment produces casings and components for handsets, electrical appliances, and notebook computers. The Ironware Parts segment supplies metallic casings and other ironware parts for electrical and electronic appliances. The Communication Facilities and Others segment supplies plastic set top boxes, as well as manufactures sport products. The company is also involved in the manufacture and sale of resistors; accessories for electrical appliance products; precise and plastic injection, and printing parts; and electronics and communication facilities. In addition, it engages in the trading of electrical appliance and ironware products. The company was founded in 1988 and is headquartered in Wanchai, Hong Kong.

Details
Name: Tongda Group Holdings Limited
698
Exchange: SEHK
Founded: 1988
HK$4,146,883,262
6,479,505,097
Website: http://www.tongda.com
Address: Tongda Group Holdings Limited
Room 1201-02,
12th Floor,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 698 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 22. Dec 2000
DB TJC Ordinary Shares Deutsche Boerse AG DE EUR 22. Dec 2000
BST TJC Ordinary Shares Boerse-Stuttgart DE EUR 22. Dec 2000
SHSC 698 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 22. Dec 2000
SZSC 698 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 22. Dec 2000
Number of employees
Current staff
Staff numbers
16,000
Tongda Group Holdings employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 12:41
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/08
Last earnings filing: 2019/04/11
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.