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
Rewards
Risk Analysis
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
| 3382 | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.3% | 1.2% | -0.7% |
| 30 Day | 6.3% | -0.9% | -1.6% |
| 90 Day | 11.7% | 6.1% | -2.9% |
| 1 Year | 31.6%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
2 weeks ago | Simply Wall St
Tianjin Port Development Holdings (HKG:3382) Takes On Some Risk With Its Use Of Debt1 month ago | Simply Wall St
Key Things To Watch Out For If You Are After Tianjin Port Development Holdings Limited's (HKG:3382) 4.0% Dividend2 months ago | Simply Wall St
Does Tianjin Port Development Holdings' (HKG:3382) Returns On Capital Reflect Well On The Business?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
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/07 10:18 |
| End of Day Share Price | 2021/05/07 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.