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VI2

Trans-China Automotive Holdings Catalist:VI2 Stock Report

Last Price

S$0.20

Market Cap

S$116.9m

7D

2.6%

1Y

n/a

Updated

21 May, 2022

Data

Company Financials +
VI2 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance2/6
Financial Health4/6
Dividends3/6

VI2 Stock Overview

Trans-China Automotive Holdings Limited operates as an automotive dealership company in the People’s Republic of China.

Trans-China Automotive Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Trans-China Automotive Holdings
Historical stock prices
Current Share PriceS$0.20
52 Week HighS$0.35
52 Week LowS$0.17
Beta0
1 Month Change-11.11%
3 Month Change-20.00%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-18.37%

Recent News & Updates

Shareholder Returns

VI2SG Specialty RetailSG Market
7D2.6%0.5%1.4%
1Yn/a50.3%-0.3%

Return vs Industry: Insufficient data to determine how VI2 performed against the SG Specialty Retail industry.

Return vs Market: Insufficient data to determine how VI2 performed against the SG Market.

Price Volatility

Is VI2's price volatile compared to industry and market?
VI2 volatility
VI2 Average Weekly Movement5.5%
Specialty Retail Industry Average Movement5.5%
Market Average Movement5.3%
10% most volatile stocks in SG Market12.4%
10% least volatile stocks in SG Market2.5%

Stable Share Price: VI2 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: VI2's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2009894Francis Hanjoe Tjiahttps://tca-auto.com

Trans-China Automotive Holdings Limited operates as an automotive dealership company in the People’s Republic of China. The company focuses on the distribution of premium and ultra-premium automobiles under the BMW, McLaren, and Genesis brands, as well as pre-owned automobiles. It is also involved in the repair and scheduled servicing, maintenance, and inspection of automobiles; and retail of automobile parts and accessories, as well as merchandise.

Trans-China Automotive Holdings Fundamentals Summary

How do Trans-China Automotive Holdings's earnings and revenue compare to its market cap?
VI2 fundamental statistics
Market CapCN¥566.26m
Earnings (TTM)CN¥123.96m
Revenue (TTM)CN¥4.52b

4.6x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VI2 income statement (TTM)
RevenueCN¥4.52b
Cost of RevenueCN¥4.14b
Gross ProfitCN¥371.56m
Other ExpensesCN¥247.60m
EarningsCN¥123.96m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.21
Gross Margin8.23%
Net Profit Margin2.74%
Debt/Equity Ratio205.3%

How did VI2 perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

11%

Payout Ratio

Valuation

Is Trans-China Automotive Holdings undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: VI2 (SGD0.2) is trading below our estimate of fair value (SGD3.92)

Significantly Below Fair Value: VI2 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VI2 is good value based on its PE Ratio (4.6x) compared to the SG Specialty Retail industry average (12.5x).

PE vs Market: VI2 is good value based on its PE Ratio (4.6x) compared to the SG market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: VI2 is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: VI2 is overvalued based on its PB Ratio (1.9x) compared to the SG Specialty Retail industry average (1.3x).


Future Growth

How is Trans-China Automotive Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


22.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VI2's forecast earnings growth (22% per year) is above the savings rate (1.8%).

Earnings vs Market: VI2's earnings (22% per year) are forecast to grow faster than the SG market (12% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: VI2's revenue (10.4% per year) is forecast to grow faster than the SG market (7.6% per year).

High Growth Revenue: VI2's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VI2's Return on Equity is forecast to be high in 3 years time (31.2%)


Past Performance

How has Trans-China Automotive Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


12.8%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: VI2 has high quality earnings.

Growing Profit Margin: VI2's current net profit margins (2.7%) are higher than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if VI2's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare VI2's past year earnings growth to its 5-year average.

Earnings vs Industry: VI2 earnings growth over the past year (12.8%) underperformed the Specialty Retail industry 12.8%.


Return on Equity

High ROE: Whilst VI2's Return on Equity (42.4%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Trans-China Automotive Holdings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: VI2's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥1.3B).

Long Term Liabilities: VI2's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥372.1M).


Debt to Equity History and Analysis

Debt Level: VI2's net debt to equity ratio (152.9%) is considered high.

Reducing Debt: Insufficient data to determine if VI2's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: VI2's debt is well covered by operating cash flow (38.3%).

Interest Coverage: VI2's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


Dividend

What is Trans-China Automotive Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.65%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: VI2's dividend (2.65%) is higher than the bottom 25% of dividend payers in the SG market (2.22%).

High Dividend: VI2's dividend (2.65%) is low compared to the top 25% of dividend payers in the SG market (5.95%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether VI2's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if VI2's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (10.6%), VI2's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (8.4%), VI2's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

Francis Hanjoe Tjia (55 yo)

no data

Tenure

Mr. Francis Hanjoe Tjia is a Director at Income Partners Asset Management (HK) Limited. Mr. Francis Tjia is the Executive Director, Executive Chairman and CEO of Trans-China Automotive Holdings Ltd. and is...


Leadership Team

Experienced Management: VI2's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: VI2's board of directors are not considered experienced ( 0.7 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: VI2 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: VI2 only recently listed within the past 12 months.


Top Shareholders

Company Information

Trans-China Automotive Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Trans-China Automotive Holdings Limited
  • Ticker: VI2
  • Exchange: Catalist
  • Founded: 2009
  • Industry: Automotive Retail
  • Sector: Retail
  • Implied Market Cap: S$116.865m
  • Shares outstanding: 584.32m
  • Website: https://tca-auto.com

Number of Employees


Location

  • Trans-China Automotive Holdings Limited
  • 88 Hing Fat Street
  • #3002, 30th Floor
  • Causeway Bay
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/21 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.