Tianjin Port Development Holdings
Market Cap
HK$4.3b
Last Updated
2019/10/21 12:41 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.
Snowflake
Fundamentals
Adequate balance sheet and fair value.
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
Market Performance
7 Day Return
-1.4%
3382
0.4%
HK Infrastructure
0.9%
HK Market
1 Year Return
-13.6%
3382
-0.6%
HK Infrastructure
0.6%
HK Market
Return vs Industry: 3382 underperformed the Hong Kong Infrastructure industry which returned -0.6% over the past year.
Return vs Market: 3382 underperformed the Hong Kong Market which returned 0.6% over the past year.
Shareholder returns
| 3382 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.4% | 0.4% | 0.9% |
| 30 Day | -2.8% | -1.2% | 0.5% |
| 90 Day | -14.6% | -4.5% | -4.3% |
| 1 Year | -10.5%-13.6% | 5.3%-0.6% | 4.2%0.6% |
| 3 Year | -37.1%-43.5% | -2.6%-15.5% | 15.6%4.0% |
| 5 Year | -51.5%-59.1% | 9.0%-13.2% | 20.0%-0.08% |
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
1 week ago | Simply Wall St
Does Market Volatility Impact Tianjin Port Development Holdings Limited's (HKG:3382) Share Price?3 weeks ago | Simply Wall St
Is Tianjin Port Development Holdings Limited (HKG:3382) Struggling With Its 3.8% Return On Capital Employed?1 month ago | Simply Wall St
Tianjin Port Development Holdings (HKG:3382) Has A Somewhat Strained Balance SheetValuation
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$0.7) is trading below our estimate of fair value (HK$2.39)
Significantly Below Fair Value: 3382 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3382 is poor value based on its PE Ratio (13.3x) compared to the Infrastructure industry average (8.5x).
PE vs Market: 3382 is poor value based on its PE Ratio (13.3x) compared to the Hong Kong market (10.3x).
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 (0.8x).
Next Steps
Future Growth
How is Tianjin Port Development Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
23.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3382's forecast earnings growth (23.2% per year) is above the savings rate (2%).
Earnings vs Market: 3382's earnings (23.2% per year) are forecast to grow faster than the Hong Kong market (11.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: Insufficient data to determine if 3382's revenue is forecast to grow faster than the Hong Kong market.
High Growth Revenue: Insufficient data to determine if 3382's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 3382's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Tianjin Port Development Holdings performed over the past 5 years?
-11.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 3382's earnings have declined by -11.3% per year over the past 5 years.
Accelerating Growth: 3382's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3382 had negative earnings growth (-54.8%) over the past year, making it difficult to compare to the Infrastructure industry average (1.1%).
Return on Equity
High ROE: 3382's Return on Equity (3.5%) is considered low.
Return on Assets
ROA vs Industry: 3382's Return on Assets is below or equal to the Infrastructure industry average last year.
Return on Capital Employed
ROCE Improving: 3382's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Tianjin Port Development Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 3382's short term assets (HK$14.3B) exceeds its short term liabilities (HK$11.4B)
Long Term Liabilities: 3382's short term assets (14.3B) exceeds its long term liabilities (9.6B)
Debt to Equity History and Analysis
Debt Level: 3382's debt to equity ratio (54.9%) is considered high
Reducing Debt: 3382's debt to equity ratio has reduced from 57.8% to 54.9% over the past 5 years.
Debt Coverage: 3382's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: 3382's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
Inventory Level: 3382 has a high level of physical assets or inventory.
Debt Coverage by Assets: 3382's debt is not covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is Tianjin Port Development Holdings's current dividend yield, its reliability and sustainability?
3.98%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 3382's dividend (3.99%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 3382's dividend (3.99%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).
Stable Dividend: 3382 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 3382 has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.1%), 3382's dividend payments are 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
What is the CEO of Tianjin Port Development Holdings's salary, the management and board of directors tenure and is there insider trading?
8.4yrs
Average management tenure
CEO
Quanyong Li (57yo)
9.5yrs
Tenure
HK$2,621,000
Compensation
Mr. Quanyong Li has been the Managing Director of Tianjin Port Development Holdings Limited since April 8, 2010. Mr. Li has been a Co-President of Tianjin Port Company Limited, a subsidiary of Tianjin Port ...
CEO Compensation Analysis
Compensation vs. Market: Quanyong's total compensation ($USD334.22K) is about average for companies of similar size in the Hong Kong market ($USD298.58K).
Compensation vs Earnings: Quanyong's compensation has been consistent with company performance over the past year.
Management Age and Tenure
8.4yrs
Average Tenure
50.5yo
Average Age
Experienced Management: 3382's management team is seasoned and experienced (8.4 years average tenure).
Board Age and Tenure
6.2yrs
Average Tenure
54yo
Average Age
Experienced Board: 3382's board of directors are considered experienced (6.2 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Quanyong Li (57yo)
MD & Executive Director
- Tenure: 9.5yrs
- Compensation: HK$2.62m
Winnie Chan (50yo)
CFO & Company Secretary
- Tenure: 8.4yrs
Jing Shi (49yo)
Executive Director
- Tenure: 5.1yrs
- Compensation: HK$418.00k
Bin Sun (41yo)
Deputy GM & Executive Director
- Tenure: 0.8yrs
Bin Chu (51yo)
Chairman
- Tenure: 0.8yrs
- Compensation: HK$2.64m
Junzhong Wang (54yo)
Executive Director
- Tenure: 0.8yrs
Board Members
Japhet Sebastian Law (67yo)
Independent Non-Executive Director
- Tenure: 14.1yrs
- Compensation: HK$545.00k
Leslie Cheng (62yo)
Independent Non-Executive Director
- Tenure: 14.1yrs
- Compensation: HK$545.00k
James Zhang (54yo)
Independent Non-Executive Director
- Tenure: 7.3yrs
- Compensation: HK$545.00k
Quanyong Li (57yo)
MD & Executive Director
- Tenure: 9.5yrs
- Compensation: HK$2.62m
Jing Shi (49yo)
Executive Director
- Tenure: 5.1yrs
- Compensation: HK$418.00k
Bin Sun (41yo)
Deputy GM & Executive Director
- Tenure: 0.8yrs
Bin Chu (51yo)
Chairman
- Tenure: 0.8yrs
- Compensation: HK$2.64m
Junzhong Wang (54yo)
Executive Director
- Tenure: 0.8yrs
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$4.311b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 3382 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | May 2006 |
| T9P | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | May 2006 |
| TJIP.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 2006 |
| 3382 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | May 2006 |
| 3382 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | May 2006 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 12:41 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.