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Tianjin Port Development Holdings

Market Cap

HK$4.0b

Last Updated

2021/05/07 10:18 UTC

Data Sources

Company Financials

Executive Summary

Tianjin Port Development Holdings Limited, an investment holding company, operates the port of Tianjin in the People’s Republic of China. More Details


Snowflake Analysis

Undervalued with excellent balance sheet and pays a dividend.

Share Price & News

How has Tianjin Port Development Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3382 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 3382's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

6.3%

3382

1.2%

HK Infrastructure

-0.7%

HK Market


1 Year Return

26.4%

3382

12.1%

HK Infrastructure

25.7%

HK Market

Return vs Industry: 3382 exceeded the Hong Kong Infrastructure industry which returned 13.9% over the past year.

Return vs Market: 3382 underperformed the Hong Kong Market which returned 27.5% over the past year.


Shareholder returns

3382IndustryMarket
7 Day6.3%1.2%-0.7%
30 Day6.3%-0.9%-1.6%
90 Day11.7%6.1%-2.9%
1 Year31.6%26.4%19.7%12.1%30.6%25.7%
3 Year-31.3%-39.1%-10.8%-23.8%3.5%-7.5%
5 Year-24.6%-37.4%4.7%-17.4%62.2%34.7%

Long-Term Price Volatility Vs. Market

How volatile is Tianjin Port Development Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tianjin Port Development 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: 3382 (HK$0.67) is trading below our estimate of fair value (HK$3.17)

Significantly Below Fair Value: 3382 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3382 is good value based on its PE Ratio (6.5x) compared to the HK Infrastructure industry average (8.5x).

PE vs Market: 3382 is good value based on its PE Ratio (6.5x) compared to the Hong Kong market (11.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3382's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3382 is good value based on its PB Ratio (0.3x) compared to the HK Infrastructure industry average (0.6x).


Future Growth

How is Tianjin Port Development Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.9%

Forecasted Transportation 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 Tianjin Port Development 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.


Past Performance

How has Tianjin Port Development Holdings performed over the past 5 years?

-8.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3382 has high quality earnings.

Growing Profit Margin: 3382's current net profit margins (4.1%) are higher than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: 3382's earnings have declined by 8.9% per year over the past 5 years.

Accelerating Growth: 3382's earnings growth over the past year (63.9%) exceeds its 5-year average (-8.9% per year).

Earnings vs Industry: 3382 earnings growth over the past year (63.9%) exceeded the Infrastructure industry 7%.


Return on Equity

High ROE: 3382's Return on Equity (4.8%) is considered low.


Financial Health

How is Tianjin Port Development Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 3382's short term assets (HK$12.5B) exceed its short term liabilities (HK$10.7B).

Long Term Liabilities: 3382's short term assets (HK$12.5B) exceed its long term liabilities (HK$7.9B).


Debt to Equity History and Analysis

Debt Level: 3382's debt to equity ratio (42.5%) is considered high.

Reducing Debt: 3382's debt to equity ratio has reduced from 64.5% to 42.5% over the past 5 years.

Debt Coverage: 3382's debt is well covered by operating cash flow (22.6%).

Interest Coverage: 3382's interest payments on its debt are well covered by EBIT (4.4x coverage).


Balance Sheet


Dividend

What is Tianjin Port Development Holdings's current dividend yield, its reliability and sustainability?

6.16%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 08 2021Ex Dividend DateJun 28 2021Dividend Pay DateJul 22 202124 days from Ex DividendBuy in the next 51 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 3382's dividend (6.16%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.94%).

High Dividend: 3382's dividend (6.16%) is in the top 25% of dividend payers in the Hong Kong market (6.01%)


Stability and Growth of Payments

Stable Dividend: 3382's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3382's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40%), 3382's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

0.9yrs

Average management tenure


CEO

Xunjie Luo (52 yo)

1.25yrs

Tenure

Mr. Xunjie Luo has been Managing Director and Executive Director at Tianjin Port Development Holdings Limited since February 07, 2020. He is currently the vice president of Tianjin Port (Group) Co., Ltd. H...


Leadership Team

Experienced Management: 3382's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: 3382's board of directors are considered experienced (4.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tianjin Port Development Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tianjin Port Development Holdings Limited
  • Ticker: 3382
  • Exchange: SEHK
  • Founded: 1968
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: HK$4.003b
  • Shares outstanding: 6.16b
  • Website: https://www.tianjinportdev.com

Number of Employees


Location

  • Tianjin Port Development Holdings Limited
  • Tower Two, Times Square
  • Suite 3904-3907
  • Causeway Bay
  • Hong Kong

Listings


Biography

Tianjin Port Development Holdings Limited, an investment holding company, operates the port of Tianjin in the People’s Republic of China. It operates in three segments: Cargo Handling, Sales, and Other Por...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/07 10:18
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.