SEHK:1671

Stock Analysis Report

Tianjin Tianbao Energy

Executive Summary

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


Snowflake Analysis

Flawless balance sheet and good 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

Stable Share Price: 1671's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.3%

1671

6.2%

HK Electric Utilities

5.3%

HK Market


1 Year Return

-67.9%

1671

-22.1%

HK Electric Utilities

-20.4%

HK Market

Return vs Industry: 1671 underperformed the Hong Kong Electric Utilities industry which returned -22.1% over the past year.

Return vs Market: 1671 underperformed the Hong Kong Market which returned -20.4% over the past year.


Shareholder returns

1671IndustryMarket
7 Day-6.3%6.2%5.3%
30 Day-25.7%-15.0%-8.5%
90 Day-31.2%-16.1%-14.7%
1 Year-66.0%-67.9%-18.8%-22.1%-17.6%-20.4%
3 Yearn/a-6.4%-20.8%-2.5%-12.3%
5 Yearn/a7.2%-17.6%-5.7%-20.9%

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?

43.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1671 (HK$0.75) is trading below our estimate of fair value (HK$1.32)

Significantly Below Fair Value: 1671 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1671 is good value based on its PE Ratio (10.6x) compared to the Electric Utilities industry average (13.9x).

PE vs Market: 1671 is poor value based on its PE Ratio (10.6x) compared to the Hong Kong market (9.1x).


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 (0.4x) compared to the HK Electric Utilities industry average (1.1x).


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?

7.1%

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 Tianbao Energy 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 Tianbao Energy performed over the past 5 years?

-27.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1671 has high quality earnings.

Growing Profit Margin: 1671's current net profit margins (2.8%) are lower than last year (6.1%).


Past Earnings Growth Analysis

Earnings Trend: 1671's earnings have declined by -27% 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 (-60.8%) over the past year, making it difficult to compare to the Electric Utilities industry average (-6.6%).


Return on Equity

High ROE: 1671's Return on Equity (3.4%) is considered low.


Next Steps

Financial Health

How is Tianjin Tianbao Energy's financial position?


Financial Position Analysis

Short Term Liabilities: 1671's short term assets (CN¥178.4M) exceed its short term liabilities (CN¥138.0M).

Long Term Liabilities: 1671's short term assets (CN¥178.4M) exceed its long term liabilities (CN¥100.3M).


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: 1671's debt is not covered by short term assets (assets are -3641.5x debt).


Next Steps

Dividend

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

4.38%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 1671's dividend (4.38%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.56%).

High Dividend: 1671's dividend (4.38%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.14%).


Stability and Growth of Payments

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 reasonably low payout ratio (46.4%), 1671'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?

3.3yrs

Average management tenure


CEO

Cheng Xing (55yo)

no data

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Shanzhong Zhou
Chairman of the Board0.33yrno datano data
Cheng Xing
GM & Executive Directorno datano datano data
Chong Peng
CFO & Executive Director3.08yrsno datano data
Hua Wang
Marketing Centre Director3.25yrsno datano data
Yongming Mao
Vice General Manager & Executive Director0.25yrno datano data
Shen Yao
Vice General Manager3.25yrsno datano data
Song Qi
Head of Power Supply Department3.25yrsno datano data
Kwok Yin Lau
Company Secretary1.92yrsno datano data

3.3yrs

Average Tenure

45.5yo

Average Age

Experienced Management: 1671's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shanzhong Zhou
Chairman of the Board0.33yrno datano data
Cheng Xing
GM & Executive Directorno datano datano data
Chong Peng
CFO & Executive Director3.08yrsno datano data
Yongming Mao
Vice General Manager & Executive Director0.25yrno datano data
Wai Chan
Independent Non-Executive Director0.25yrno datano data
Xiaoping Han
Independent Non-Executive Director2yrsno datano data
Xiaofang Xue
Chairperson of the Supervisory Boardno datano datano data
Ying Yang
Independent Non-Executive Director2yrsno datano data
Guangpei Dong
Non-Executive Director0.42yrno datano data
Xiaotong Wang
Non-Executive Director0.25yrno datano data

0.4yrs

Average Tenure

48yo

Average Age

Experienced Board: 1671's board of directors are not considered experienced ( 0.4 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: 1671 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.5%.


Top Shareholders

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$116.742m
  • 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 and supplies steam, heating, and cooling to industrial and commercial customers; and purchases, dispatches, and sells electricity. The company also provides power facility construction, and industrial facilities operation and maintenance; and trades in electrical components. In addition, it operates two back-pressure cogeneration units with a total installed capacity of 30 megawatts. The company was founded in 1992 and is headquartered in Tianjin, the People's Republic of China. Tianjin Tianbao Energy Co., Ltd. is a subsidiary of Tianjin Tianbao Holdings Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 14:03
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
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.