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
Rewards
Risk Analysis
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
| 882 | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.8% | 3.4% | 0.7% |
| 30 Day | 9.9% | 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
8 hours ago | Simply Wall St
Tianjin Development Holdings' (HKG:882) Stock Price Has Reduced 69% In The Past Five Years3 months ago | Simply Wall St
How Much Did Tianjin Development Holdings'(HKG:882) Shareholders Earn From Share Price Movements Over The Last Five Years?4 months ago | Simply Wall St
Tianjin Development Holdings Limited's (HKG:882) Price Is Right But Growth Is LackingValuation
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
- Examine whether Tianjin Development Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Tianjin Development Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Utilities industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| GM & Executive Director | 1.25yrs | no data | no data | |
| Deputy GM & Executive Director | 1.25yrs | HK$385.00k | no data | |
| Deputy GM & Executive Director | 1.25yrs | no data | no data | |
| Deputy GM & Executive Director | 1.25yrs | no data | no data | |
| Executive Chairman | 0.083yr | no data | no data | |
| Deputy GM & CFO | no data | HK$4.32m | no data | |
| Financial Controller | no data | no data | no data | |
| Company Secretary | 3.25yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| GM & Executive Director | 1.25yrs | no data | no data | |
| Deputy GM & Executive Director | 1.25yrs | HK$385.00k | no data | |
| Deputy GM & Executive Director | 1.25yrs | no data | no data | |
| Deputy GM & Executive Director | 1.25yrs | no data | no data | |
| Executive Chairman | 0.083yr | no data | no data | |
| Non-Executive Director | 23yrs | HK$378.00k | no data | |
| Independent Non-Executive Director | 19.42yrs | HK$442.00k | no data | |
| Independent Non-Executive Director | 11.08yrs | HK$442.00k | no data | |
| Independent Non-Executive Director | 7.92yrs | HK$442.00k | no data | |
| Independent Non-Executive Director | 7.92yrs | HK$442.00k | no data | |
| Independent Non-Executive Director | 10.33yrs | HK$442.00k | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TJN | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 1997 |
| 882 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Dec 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/24 12:59 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.