SEHK:1265

Stock Analysis Report

Tianjin Jinran Public Utilities

Executive Summary

Tianjin Jinran Public Utilities Company Limited engages in the operation and management of gas pipeline infrastructure, and the sale and distribution of piped gas to industrial and commercial users, and residential users in Mainland China.

Rewards

Trading at 97.2% below its fair value

Risk Analysis

Earnings have declined by -19.57% per year over past 5 years

Profit margins (1.2%) are lower than last year (2%)



Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

How has Tianjin Jinran Public Utilities's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1265 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.6%

1265

-1.3%

HK Gas Utilities

2.2%

HK Market


1 Year Return

-15.8%

1265

0.6%

HK Gas Utilities

-0.8%

HK Market

Return vs Industry: 1265 underperformed the Hong Kong Gas Utilities industry which returned 0.6% over the past year.

Return vs Market: 1265 underperformed the Hong Kong Market which returned -0.8% over the past year.


Shareholder returns

1265IndustryMarket
7 Day1.6%-1.3%2.2%
30 Day-5.9%-7.1%-0.6%
90 Day-14.7%-2.5%-0.9%
1 Year-15.8%-15.8%2.6%0.6%2.8%-0.8%
3 Year3.9%1.6%71.4%61.5%19.5%7.4%
5 Year-48.5%-49.6%55.3%41.0%20.7%0.5%

Price Volatility Vs. Market

How volatile is Tianjin Jinran Public Utilities's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tianjin Jinran Public Utilities 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: 1265 (HK$0.64) is trading below our estimate of fair value (HK$22.5)

Significantly Below Fair Value: 1265 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1265 is poor value based on its PE Ratio (55.5x) compared to the Gas Utilities industry average (17.3x).

PE vs Market: 1265 is poor value based on its PE Ratio (55.5x) compared to the Hong Kong market (10.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1265's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1265 is good value based on its PB Ratio (0.6x) compared to the HK Gas Utilities industry average (1.2x).


Next Steps

Future Growth

How is Tianjin Jinran Public Utilities forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.5%

Forecasted Utilities 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 Jinran Public Utilities 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 Jinran Public Utilities performed over the past 5 years?

-19.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1265 has high quality earnings.

Growing Profit Margin: 1265's current net profit margins (1.2%) are lower than last year (2%).


Past Earnings Growth Analysis

Earnings Trend: 1265's earnings have declined by -19.6% per year over the past 5 years.

Accelerating Growth: 1265's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1265 had negative earnings growth (-37.1%) over the past year, making it difficult to compare to the Gas Utilities industry average (-4.6%).


Return on Equity

High ROE: 1265's Return on Equity (1.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Tianjin Jinran Public Utilities's financial position?


Financial Position Analysis

Short Term Liabilities: 1265's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.0B).

Long Term Liabilities: 1265's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥89.1M).


Debt to Equity History and Analysis

Debt Level: 1265 is debt free.

Reducing Debt: 1265 has not had any debt for past 5 years.

Debt Coverage: 1265 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1265 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 1265 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 1265's debt is covered by short term assets.


Next Steps

Dividend

What is Tianjin Jinran Public Utilities's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%6.2%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 1265's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 1265's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1265's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1265's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1265 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 1265'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 Jinran Public Utilities's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Quan Hong Wang (55yo)

1.7yrs

Tenure

CN¥281,979

Compensation

Mr. Quan Hong Wang has been General Manager of Tianjin Jinran Public Utilitie since April 19, 2018 and as its Executive Director since June 26, 2018. He graduated from Tianjin Open University in 1988, majo ...


CEO Compensation Analysis

Compensation vs Market: Quan Hong's total compensation ($USD40.09K) is below average for companies of similar size in the Hong Kong market ($USD296.65K).

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


Management Age and Tenure

1.7yrs

Average Tenure

44yo

Average Age

Experienced Management: 1265's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Age and Tenure

4.5yrs

Average Tenure

53yo

Average Age

Experienced Board: 1265's board of directors are considered experienced (4.5 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.


Recent Insider Transactions

SellCN¥2,603,23628 Oct 19
China Alpha Fund Management Limited
EntityCompany
Shares3,610,000
Max PriceCN¥0.72
BuyCN¥287,09612 Apr 19
China Alpha Fund Management Limited
EntityCompany
Shares340,000
Max PriceCN¥0.84
BuyCN¥450,49808 Apr 19
China Alpha Fund Management Limited
EntityCompany
Shares530,000
Max PriceCN¥0.85

Ownership Breakdown

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


Management Team

  • Jie Tang (51yo)

    Executive Director

    • Tenure: 18yrs
    • Compensation: CN¥50.00k
  • Xue Gang Sun (43yo)

    Deputy General Manager

    • Tenure: 13.9yrs
    • Compensation: CN¥234.00k
  • Pete Lau (34yo)

    Company Secretary

    • Tenure: 1.6yrs
  • Quan Hong Wang (55yo)

    GM & Executive Director

    • Tenure: 1.7yrs
    • Compensation: CN¥281.98k
  • Xing Hua Liu (35yo)

    Deputy General Manager

    • Tenure: 1.7yrs
  • Wei Zhao (55yo)

    Chairman of the Board

    • Tenure: 1.5yrs
    • Compensation: CN¥317.74k
  • Li An (45yo)

    Financial Controller

    • Tenure: 1.7yrs
  • Caiping Sha (43yo)

    Deputy General Manager

    • Tenure: 0.8yrs

Board Members

  • Jie Tang (51yo)

    Executive Director

    • Tenure: 18yrs
    • Compensation: CN¥50.00k
  • Li Hao (49yo)

    Staff Representative Supervisor

    • Tenure: 12.5yrs
    • Compensation: CN¥173.00k
  • Shuang Jiang Hou (50yo)

    Non Executive Director

    • Tenure: 5.8yrs
  • Ying Hua Zhang (69yo)

    Independent Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: CN¥25.00k
  • Jian Jun Yu (55yo)

    Independent Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: CN¥25.00k
  • Jia Li Guo (61yo)

    Independent Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: CN¥25.00k
  • Quan Hong Wang (55yo)

    GM & Executive Director

    • Tenure: 1.7yrs
    • Compensation: CN¥281.98k
  • Jin Wang (50yo)

    Non Executive Director

    • Tenure: 1.5yrs
  • Heng Hai Zhao (50yo)

    Non-Executive Director

    • Tenure: 1.5yrs
  • Wei Zhao (55yo)

    Chairman of the Board

    • Tenure: 1.5yrs
    • Compensation: CN¥317.74k

Company Information

Tianjin Jinran Public Utilities Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tianjin Jinran Public Utilities Company Limited
  • Ticker: 1265
  • Exchange: SEHK
  • Founded:
  • Industry: Gas Utilities
  • Sector: Utilities
  • Market Cap: HK$1.177b
  • Shares outstanding: 1.84b
  • Website: https://www.jinrangongyong.com

Number of Employees


Location

  • Tianjin Jinran Public Utilities Company Limited
  • Gangao Tower
  • Floor 9
  • Tianjin
  • 300050
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1265SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDApr 2011

Biography

Tianjin Jinran Public Utilities Company Limited engages in the operation and management of gas pipeline infrastructure, and the sale and distribution of piped gas to industrial and commercial users, and re ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/11 12:47
End of Day Share Price2019/12/11 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.