SEHK:8348

Stock Analysis Report

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.

Snowflake

Fundamentals

Undervalued with moderate growth potential.

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


Market Performance


7 Day Return

1.1%

8348

1.7%

HK Logistics

2.4%

HK Market


1 Year Return

-40.0%

8348

-11.2%

HK Logistics

0.4%

HK Market

Return vs Industry: 8348 underperformed the Hong Kong Logistics industry which returned -11.2% over the past year.

Return vs Market: 8348 underperformed the Hong Kong Market which returned 0.4% over the past year.


Shareholder returns

8348IndustryMarket
7 Day1.1%1.7%2.4%
30 Day-10.0%-3.5%-2.6%
90 Day-10.0%-12.2%-5.6%
1 Year-40.0%-40.0%-6.9%-11.2%4.0%0.4%
3 Year-69.2%-70.0%-17.4%-25.2%15.1%3.5%
5 Year-70.3%-74.0%-39.5%-48.1%20.3%0.3%

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

Undervalued: 8348 (HK$0.45) is trading below our estimate of fair value (HK$6.65)

Significantly Undervalued: 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 (3.8x) compared to the Logistics industry average (9.4x).

PE vs Market: 8348 is good value based on its PE Ratio (3.8x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low 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?

22.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8348's forecast earnings growth (22.3% per year) is above the savings rate (2%).

Earnings vs Market: 8348's earnings (22.3% per year) are forecast to grow faster than the Hong Kong market (11.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 8348's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 8348's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 8348's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

-10.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 8348's earnings have declined by -10.9% 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 (-6%) over the past year, making it difficult to compare to the Logistics industry average (-24.5%).


Return on Equity

High ROE: 8348's Return on Equity (3.8%) is considered low.


Return on Assets

ROA vs Industry: 8348's Return on Assets is below or equal to the Logistics industry average last year.


Return on Capital Employed

ROCE Improving: 8348 has improved its Return on Capital Employed over the past 3 years.


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¥2.2B) exceeds its short term liabilities (CN¥1.8B)

Long Term Liabilities: 8348's short term assets (2.2B) exceeds its long term liabilities (114.1M)


Debt to Equity History and Analysis

Debt Level: 8348's debt to equity ratio (51.6%) is considered high

Reducing Debt: 8348's debt to equity ratio has increased from 22.1% to 51.6% over the past 5 years.

Debt Coverage: 8348's debt is not well covered by operating cash flow (12.3%).

Interest Coverage: 8348's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet

Inventory Level: 8348 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 8348's debt is covered by short term assets (assets are 4.035480x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%6.3%industryaverage4.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of Tianjin Binhai TEDA Logistics (Group)'s salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average management tenure


CEO

Weihong Yang (50yo)

1.6yrs

Tenure

CN¥837,768

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Hong Kong market.

Compensation vs Earnings: Insufficient data to compare Weihong's compensation with company performance.


Management Age and Tenure

1.6yrs

Average Tenure

50yo

Average Age

Experienced Management: 8348's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Age and Tenure

3.4yrs

Average Tenure

54yo

Average Age

Experienced Board: 8348's board of directors are considered experienced (3.4 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

  • Yangqian Li (53yo)

    Executive VP

    • Tenure: 0yrs
  • Tai On Lo

    Company Secretary

    • Tenure: 5.6yrs
  • Zhizhong Tang (50yo)

    VP, Deputy GM and GM of Headquarters of Planning & Development and Security & Technique Department

    • Tenure: 0yrs
  • Weihong Yang (50yo)

    Chairperson

    • Tenure: 1.6yrs
    • Compensation: CN¥837.77k
  • Yanmin Wu (45yo)

    Chief Financial Officer

    • Tenure: 0.4yrs

Board Members

  • Xiaoping Yang (55yo)

    Non Executive Director

    • Tenure: 6.8yrs
    • Compensation: CN¥50.00k
  • Japhet Sebastian Law (67yo)

    Independent Non-Executive Director

    • Tenure: 7.2yrs
    • Compensation: CN¥150.00k
  • Xinsheng Cheng (56yo)

    Independent Non-Executive Director

    • Tenure: 5.3yrs
    • Compensation: CN¥150.00k
  • Jianxin Xu (54yo)

    Chairman of Supervisory Board

    • Tenure: 0yrs
  • Yuying Zheng (40yo)

    Non-Executive Director

    • Tenure: 1.4yrs
    • Compensation: CN¥32.00k
  • Zisheng Zhou (69yo)

    Independent Non-Executive Director

    • Tenure: 5.3yrs
  • Patricia Severson

    VP & Director

    • Tenure: 0yrs
  • Weihong Yang (50yo)

    Chairperson

    • Tenure: 1.6yrs
    • Compensation: CN¥837.77k
  • Bo Peng (47yo)

    Non-Executive Director

    • Tenure: 1.3yrs
    • Compensation: CN¥24.00k
  • Zuowen Peng (42yo)

    Independent Non-Executive Director

    • Tenure: 0.9yrs
    • Compensation: CN¥20.00k

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$159.440m
  • 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 Economic and Technological Development Area
  • Tianjin
  • 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 Analysis2019/10/16 12:43
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.