SEHK:882

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Tianjin Development Holdings

Executive Summary

Tianjin Development Holdings Limited, through its subsidiaries, supplies electricity, water, heat, and thermal power to industrial, commercial, and residential customers in the Tianjin Economic and Technological Development Area, the People’s Republic of China. More Details


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 882 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 882's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

6.8%

882

3.4%

HK Integrated Utilities

0.7%

HK Market


1 Year Return

-28.1%

882

-6.7%

HK Integrated Utilities

7.8%

HK Market

Return vs Industry: 882 underperformed the Hong Kong Integrated Utilities industry which returned -5.5% over the past year.

Return vs Market: 882 underperformed the Hong Kong Market which returned 7.7% over the past year.


Shareholder returns

882IndustryMarket
7 Day6.8%3.4%0.7%
30 Day9.9%2.2%5.9%
90 Day-6.0%0.3%4.7%
1 Year-24.6%-28.1%-4.5%-6.7%12.2%7.8%
3 Year-53.0%-57.7%-11.9%-19.9%-1.5%-11.7%
5 Year-64.1%-69.2%-37.2%-45.0%30.2%8.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Tianjin Development Holdings undervalued compared to its fair value and its price relative to the market?

7.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 882 (HK$1.56) is trading above our estimate of fair value (HK$1.41)

Significantly Below Fair Value: 882 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 882 is good value based on its PE Ratio (7.6x) compared to the XA Integrated Utilities industry average (26.7x).

PE vs Market: 882 is good value based on its PE Ratio (7.6x) compared to the Hong Kong market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 882's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 882 is good value based on its PB Ratio (0.1x) compared to the XA Integrated Utilities industry average (1.5x).


Next Steps

Future Growth

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

12.4%

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 Development Holdings 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 Development Holdings performed over the past 5 years?

-14.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 882 has high quality earnings.

Growing Profit Margin: 882's current net profit margins (5.3%) are lower than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: 882's earnings have declined by 14.9% per year over the past 5 years.

Accelerating Growth: 882's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 882 had negative earnings growth (-54.8%) over the past year, making it difficult to compare to the Integrated Utilities industry average (-38.1%).


Return on Equity

High ROE: 882's Return on Equity (2.4%) is considered low.


Next Steps

Financial Health

How is Tianjin Development Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 882's short term assets (HK$11.2B) exceed its short term liabilities (HK$4.4B).

Long Term Liabilities: 882's short term assets (HK$11.2B) exceed its long term liabilities (HK$2.2B).


Debt to Equity History and Analysis

Debt Level: 882's debt to equity ratio (12.6%) is considered satisfactory.

Reducing Debt: 882's debt to equity ratio has reduced from 21.5% to 12.6% over the past 5 years.

Debt Coverage: 882's debt is not well covered by operating cash flow (3.2%).

Interest Coverage: Insufficient data to determine if 882's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Tianjin Development Holdings's current dividend yield, its reliability and sustainability?

5.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 882's dividend (5.15%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.23%).

High Dividend: 882's dividend (5.15%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.65%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 882 has been paying a dividend for less than 10 years.

Growing Dividend: 882's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.9%), 882'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?

1.3yrs

Average management tenure


CEO

Yanhua Chen (45 yo)

1.25yrs

Tenure

Mr. Chen Yanhua has been General Manager and Executive Director of Tianjin Development Holdings Limited since August 29, 2019. He is a senior engineer, graduated from Beijing Institute of Technology with a...


Leadership Team

NamePositionTenureCompensationOwnership
Yanhua Chen
GM & Executive Director1.25yrsno datano data
Xiaoguang Li
Deputy GM & Executive Director1.25yrsHK$385.00kno data
Qifei Zhuang
Deputy GM & Executive Director1.25yrsno datano data
Xiaofei Cui
Deputy GM & Executive Director1.25yrsno datano data
Bingjun Zhang
Executive Chairman0.083yrno datano data
Kong Tuen
Deputy GM & CFOno dataHK$4.32mno data
Ching Hei Chong
Financial Controllerno datano datano data
Lee Su Yee
Company Secretary3.25yrsno datano data

1.3yrs

Average Tenure

47yo

Average Age

Experienced Management: 882's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Yanhua Chen
GM & Executive Director1.25yrsno datano data
Xiaoguang Li
Deputy GM & Executive Director1.25yrsHK$385.00kno data
Qifei Zhuang
Deputy GM & Executive Director1.25yrsno datano data
Xiaofei Cui
Deputy GM & Executive Director1.25yrsno datano data
Bingjun Zhang
Executive Chairman0.083yrno datano data
Wing Yui Cheung
Non-Executive Director23yrsHK$378.00kno data
Hon Kwan Cheng
Independent Non-Executive Director19.42yrsHK$442.00kno data
Kwai Wing Mak
Independent Non-Executive Director11.08yrsHK$442.00kno data
Shiu Hoi Wong
Independent Non-Executive Director7.92yrsHK$442.00kno data
Hoi Lam Loke
Independent Non-Executive Director7.92yrsHK$442.00kno data
Yi Kum Ng
Independent Non-Executive Director10.33yrsHK$442.00kno data

7.9yrs

Average Tenure

63yo

Average Age

Experienced Board: 882's board of directors are considered experienced (7.9 years average tenure).


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.


Ownership Breakdown

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


Top Shareholders

Company Information

Tianjin Development Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tianjin Development Holdings Limited
  • Ticker: 882
  • Exchange: SEHK
  • Founded:
  • Industry: Multi-Utilities
  • Sector: Utilities
  • Market Cap: HK$1.598b
  • Shares outstanding: 1.07b
  • Website: https://www.tianjindev.com

Number of Employees


Location

  • Tianjin Development Holdings Limited
  • China Merchants Tower
  • 36th Floor, Suites 7-13
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TJNDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 1997
882SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 1997

Biography

Tianjin Development Holdings Limited, through its subsidiaries, supplies electricity, water, heat, and thermal power to industrial, commercial, and residential customers in the Tianjin Economic and Technol...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 12:59
End of Day Share Price2020/11/24 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.