SEHK:8348

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Tianjin Binhai TEDA Logistics (Group)

Executive Summary

Tianjin Binhai Teda Logistics (Group) Corporation Limited, together with its subsidiaries, provides logistics services primarily in the People’s Republic of China. More Details


Snowflake Analysis

Undervalued with adequate balance sheet.

Share Price & News

How has Tianjin Binhai TEDA Logistics (Group)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8348 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

13.3%

8348

-1.6%

HK Logistics

1.2%

HK Market


1 Year Return

-18.1%

8348

3.1%

HK Logistics

2.3%

HK Market

Return vs Industry: 8348 underperformed the Hong Kong Logistics industry which returned 3.1% over the past year.

Return vs Market: 8348 underperformed the Hong Kong Market which returned 2.3% over the past year.


Shareholder returns

8348IndustryMarket
7 Day13.3%-1.6%1.2%
30 Day17.2%14.4%6.1%
90 Day23.6%35.5%3.1%
1 Year-18.1%-18.1%8.4%3.1%6.6%2.3%
3 Year-72.4%-72.4%-15.8%-25.4%-4.7%-15.1%
5 Year-76.9%-78.5%-13.1%-27.9%19.1%-1.1%

Price Volatility Vs. Market

How volatile is Tianjin Binhai TEDA Logistics (Group)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tianjin Binhai TEDA Logistics (Group) 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: 8348 (HK$0.34) is trading below our estimate of fair value (HK$8.8)

Significantly Below Fair Value: 8348 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8348 is good value based on its PE Ratio (10.5x) compared to the HK Logistics industry average (14x).

PE vs Market: 8348 is good value based on its PE Ratio (10.5x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8348's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8348 is good value based on its PB Ratio (0.1x) compared to the HK Logistics industry average (0.9x).


Next Steps

Future Growth

How is Tianjin Binhai TEDA Logistics (Group) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.0%

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 Binhai TEDA Logistics (Group) 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.


Next Steps

Past Performance

How has Tianjin Binhai TEDA Logistics (Group) performed over the past 5 years?

-34.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8348 has a large one-off gain of CN¥15.9M impacting its June 30 2020 financial results.

Growing Profit Margin: 8348's current net profit margins (0.4%) are lower than last year (0.4%).


Past Earnings Growth Analysis

Earnings Trend: 8348's earnings have declined by 34.2% per year over the past 5 years.

Accelerating Growth: 8348's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8348 had negative earnings growth (-9.2%) over the past year, making it difficult to compare to the Logistics industry average (-14.5%).


Return on Equity

High ROE: 8348's Return on Equity (3.9%) is considered low.


Next Steps

Financial Health

How is Tianjin Binhai TEDA Logistics (Group)'s financial position?


Financial Position Analysis

Short Term Liabilities: 8348's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.2B).

Long Term Liabilities: 8348's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥111.1M).


Debt to Equity History and Analysis

Debt Level: 8348's debt to equity ratio (32.3%) is considered satisfactory.

Reducing Debt: 8348's debt to equity ratio has increased from 10.4% to 32.3% over the past 5 years.

Debt Coverage: 8348's debt is well covered by operating cash flow (38.4%).

Interest Coverage: 8348's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Tianjin Binhai TEDA Logistics (Group) current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 8348's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 8348'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 8348's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8348's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 8348 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 8348's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Weihong Yang (51 yo)

2.58yrs

Tenure

CN¥826,000

Compensation

Mr. Weihong Yang has been General Manager of Tianjin Binhai TEDA Logistics (Group) Corp. Ltd. since March 20, 2018 and serves as its Chairman of the Board. Mr. Yang graduated from the Department of Computi ...


CEO Compensation Analysis

Compensation vs Market: Weihong's total compensation ($USD123.53K) is below average for companies of similar size in the Hong Kong market ($USD233.00K).

Compensation vs Earnings: Weihong's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Weihong Yang
Chairperson2.58yrsCN¥826.00kno data
Yanmin Wu
Chief Financial Officer1.42yrsno datano data
Zhizhong Tang
VP, Deputy GM and GM of Headquarters of Planning & Development and Security & Technique Departmentno datano datano data
Yangqian Li
Executive VPno datano datano data
Fukang Yu
VP, Deputy GMno datano datano data
Tai On Lo
Company Secretary6.58yrsno datano data

2.6yrs

Average Tenure

51yo

Average Age

Experienced Management: 8348's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Weihong Yang
Chairperson2.58yrsCN¥826.00kno data
Japhet Sebastian Law
Independent Non-Executive Director8.17yrsCN¥150.00kno data
Xinsheng Cheng
Independent Non-Executive Director6.33yrsCN¥150.00kno data
Jianxin Xu
Chairman of Supervisory Boardno datano datano data
Gang Wu
Independent Supervisors3.42yrsno datano data
Yuying Zheng
Non-Executive Director2.42yrsCN¥50.00kno data
Zisheng Zhou
Independent Non-Executive Director6.33yrsno datano data
Bo Peng
Non-Executive Director2.25yrsCN¥50.00kno data
Zuowen Peng
Independent Non-Executive Director1.92yrsCN¥150.00kno data
Shuyu Fan
Staff Representative Supervisor & Deputy GM of Internal Audit- Risk Management Department.3.42yrsno datano data
Jian Li
Non-Executive Director1.42yrsCN¥32.00kno data
Zhimin Xu
Non-Executive Director0.33yrno datano data

2.4yrs

Average Tenure

53yo

Average Age

Experienced Board: 8348's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Tianjin Binhai TEDA Logistics (Group) Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tianjin Binhai TEDA Logistics (Group) Corporation Limited
  • Ticker: 8348
  • Exchange: SEHK
  • Founded:
  • Industry: Air Freight and Logistics
  • Sector: Transportation
  • Market Cap: HK$120.466m
  • Shares outstanding: 354.31m
  • Website: https://www.tbtl.cn

Number of Employees


Location

  • Tianjin Binhai TEDA Logistics (Group) Corporation Limited
  • No. 39, Bohai Road
  • Tianjin Eco and Technological Dev Zone
  • Tianjin
  • Tianjin Province
  • 300457
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8348SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDApr 2008

Biography

Tianjin Binhai Teda Logistics (Group) Corporation Limited, together with its subsidiaries, provides logistics services primarily in the People’s Republic of China. The company operates in two segments, Log ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 12:56
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.