SEHK:1671

Stock Analysis Report

Tianjin Tianbao Energy

Executive Summary

Tianjin Tianbao Energy Co., Ltd. generates and supplies power in Tianjin.

Snowflake

Fundamentals

Excellent balance sheet and fair value.

Share Price & News

How has Tianjin Tianbao Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.9%

1671

0.3%

HK Electric Utilities

0.3%

HK Market


1 Year Return

32.6%

1671

-5.8%

HK Electric Utilities

-1.5%

HK Market

Return vs Industry: 1671 exceeded the Hong Kong Electric Utilities industry which returned -5.8% over the past year.

Return vs Market: 1671 exceeded the Hong Kong Market which returned -1.5% over the past year.


Shareholder returns

1671IndustryMarket
7 Day-3.9%0.3%0.3%
30 Day2.5%1.1%0.5%
90 Day-0.8%-7.7%-4.4%
1 Year40.6%32.6%-1.9%-5.8%2.1%-1.5%
3 Yearn/a7.8%-10.2%14.7%3.2%
5 Yearn/a35.1%3.5%21.5%1.2%

Price Volatility Vs. Market

How volatile is Tianjin Tianbao Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tianjin Tianbao Energy undervalued compared to its fair value and its price relative to the market?

34.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1671 (HK$1.22) is trading below our estimate of fair value (HK$1.86)

Significantly Below Fair Value: 1671 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 1671 is good value based on its PE Ratio (10x) compared to the Electric Utilities industry average (14.7x).

PE vs Market: 1671 is poor value based on its PE Ratio (10x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1671's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1671 is good value based on its PB Ratio (0.6x) compared to the HK Electric Utilities industry average (1.4x).


Next Steps

Future Growth

How is Tianjin Tianbao Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1671's forecast earnings growth (2.1% per year) is above the savings rate (2%).

Earnings vs Market: 1671's earnings (2.1% per year) are forecast to grow slower than the Hong Kong market (11.2% per year).

High Growth Earnings: 1671's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 1671's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 1671'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 1671's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Tianjin Tianbao Energy performed over the past 5 years?

-21.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 1671's earnings have declined by -21.9% per year over the past 5 years.

Accelerating Growth: 1671's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1671 had negative earnings growth (-46.6%) over the past year, making it difficult to compare to the Electric Utilities industry average (-14.7%).


Return on Equity

High ROE: 1671's Return on Equity (5.9%) is considered low.


Return on Assets

ROA vs Industry: 1671 has a higher Return on Assets than the Electric Utilities industry average last year.


Return on Capital Employed

ROCE Improving: 1671's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Tianjin Tianbao Energy's financial position?


Financial Position Analysis

Short Term Liabilities: 1671's short term assets (CN¥173.5M) exceeds its short term liabilities (CN¥56.8M)

Long Term Liabilities: 1671's short term assets (173.5M) do not cover its long term liabilities (176.4M)


Debt to Equity History and Analysis

Debt Level: 1671 is debt free.

Reducing Debt: 1671 had no debt 5 years ago.

Debt Coverage: 1671 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1671 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 1671 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 1671's debt is covered by short term assets.


Next Steps

Dividend

What is Tianjin Tianbao Energy's current dividend yield, its reliability and sustainability?

7.25%

Current Dividend Yield


Dividend Yield vs Market

company7.3%marketbottom25%2.3%markettop25%6.3%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 1671's dividend (7.25%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).

High Dividend: 1671's dividend (7.25%) is in the top 25% of dividend payers in the Hong Kong market (6.25%)

Stable Dividend: Too early to tell whether 1671's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 1671's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (72.9%), 1671'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 Tianbao Energy's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Cheng Xing (55yo)

0yrs

Tenure

0

Mr. Xing Cheng has been the Executive Director and General Manager of Tianjin Tianbao Energy Co., Ltd. since March 2017. Mr. Xing is also incharge of Company’s Haigang Thermal Plant, production technolog ...


Management Age and Tenure

2.8yrs

Average Tenure

46.5yo

Average Age

Experienced Management: 1671's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

2.6yrs

Average Tenure

50yo

Average Age

Experienced Board: 1671's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: 1671 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCN¥1,096,77814 Oct 19
Yun Nan Yuan
EntityIndividual
Shares852,000
Max PriceCN¥1.29
BuyCN¥229,99909 Sep 19
Yun Nan Yuan
EntityIndividual
Shares200,000
Max PriceCN¥1.15
BuyCN¥722,44506 May 19
Yun Nan Yuan
EntityIndividual
Shares408,000
Max PriceCN¥1.77
BuyCN¥329,59902 May 19
Yun Nan Yuan
EntityIndividual
Shares184,000
Max PriceCN¥1.79
SellCN¥6,689,71018 Apr 19
Tianjin Jinlian Investment Shareholding Co.,Ltd.
EntityCompany
Shares2,380,000
Max PriceCN¥2.81
BuyCN¥5,315,49618 Apr 19
Yun Nan Yuan
EntityIndividual
Shares2,752,000
Max PriceCN¥1.93
SellCN¥13,296,41217 Apr 19
Tianjin Jinlian Investment Shareholding Co.,Ltd.
EntityCompany
Shares4,594,000
Max PriceCN¥2.89
SellCN¥8,015,58316 Apr 19
Tianjin Jinlian Investment Shareholding Co.,Ltd.
EntityCompany
Shares2,498,000
Max PriceCN¥3.21

Ownership Breakdown


Management Team

  • Pete Lau (34yo)

    Company Secretary

    • Tenure: 1.4yrs
  • Hongxin Gao (52yo)

    Chairman of the Board

    • Tenure: 2.6yrs
  • Cheng Xing (55yo)

    GM & Executive Director

    • Tenure: 0yrs
  • Chong Peng (41yo)

    CFO & Executive Director

    • Tenure: 2.6yrs
  • Yongming Mao (49yo)

    Vice General Manager

    • Tenure: 2.8yrs
  • Shen Yao (47yo)

    Vice General Manager

    • Tenure: 2.8yrs
  • Hua Wang (45yo)

    Marketing Centre Director

    • Tenure: 2.8yrs
  • Song Qi (46yo)

    Head of Power Supply Department

    • Tenure: 2.8yrs

Board Members

  • Xiaoping Han (62yo)

    Independent Non-executive Director

    • Tenure: 1.5yrs
  • Yang Yu (40yo)

    Non-Executive Director

    • Tenure: 1.9yrs
  • Xiaofang Xue (52yo)

    Chairperson of the Supervisory Board

    • Tenure: 0yrs
  • Hongxin Gao (52yo)

    Chairman of the Board

    • Tenure: 2.6yrs
  • Cheng Xing (55yo)

    GM & Executive Director

    • Tenure: 0yrs
  • Chong Peng (41yo)

    CFO & Executive Director

    • Tenure: 2.6yrs
  • Tao Wu (57yo)

    Non-Executive Director

    • Tenure: 2.6yrs
  • Tsz Bun Lau (48yo)

    Independent Non-executive Director

    • Tenure: 1.5yrs
  • Ying Yang (39yo)

    Independent Non-Executive Director

    • Tenure: 1.5yrs
  • Guoyong Shao (40yo)

    Sueprvisor

    • Tenure: 2.8yrs

Company Information

Tianjin Tianbao Energy Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tianjin Tianbao Energy Co., Ltd.
  • Ticker: 1671
  • Exchange: SEHK
  • Founded: 1992
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: HK$195.104m
  • Shares outstanding: 159.92m
  • Website: https://www.tjtbny.com

Number of Employees


Location

  • Tianjin Tianbao Energy Co., Ltd.
  • No.35, Haibin Road
  • No.8, Tianjin Port Free Trade Zone
  • Tianjin
  • Tianjin Province
  • 300461
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1671SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDApr 2018

Biography

Tianjin Tianbao Energy Co., Ltd. generates and supplies power in Tianjin. The company operates through three segment: Electricity Dispatch and Sale, Power Generation and Supply, and Others. It generates an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 13:01
End of Day Share Price2019/10/22 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.