Tong Ming Enterprise Co., Ltd., together with its subsidiaries, manufactures and sells stainless steel fasteners and wires under the TONG brand name primarily in Mainland China. More Details
Solid track record and fair value.
Share Price & News
How has Tong Ming Enterprise's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 5538 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 5538's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 5538 underperformed the TW Machinery industry which returned 15.5% over the past year.
Return vs Market: 5538 underperformed the TW Market which returned 17.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Tong Ming Enterprise's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StTong Ming Enterprise Co., Ltd.'s (TPE:5538) Stock Has Fared Decently: Is the Market Following Strong Financials?
2 weeks ago | Simply Wall StIs Tong Ming Enterprise (TPE:5538) A Risky Investment?
1 month ago | Simply Wall StIs Tong Ming Enterprise Co., Ltd. (TPE:5538) A Good Fit For Your Dividend Portfolio?
Is Tong Ming Enterprise undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 5538 (NT$34.2) is trading above our estimate of fair value (NT$29.02)
Significantly Below Fair Value: 5538 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 5538 is good value based on its PE Ratio (12.6x) compared to the TW Machinery industry average (16.5x).
PE vs Market: 5538 is good value based on its PE Ratio (12.6x) compared to the TW market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 5538's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 5538 is good value based on its PB Ratio (1.5x) compared to the TW Machinery industry average (1.7x).
How is Tong Ming Enterprise forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods 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 Tong Ming Enterprise 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.
- Examine whether Tong Ming Enterprise 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.
- Explore growth companies in the Capital Goods industry.
How has Tong Ming Enterprise performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 5538 has high quality earnings.
Growing Profit Margin: 5538's current net profit margins (5.3%) are higher than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: 5538's earnings have grown by 7% per year over the past 5 years.
Accelerating Growth: 5538's earnings growth over the past year (22.1%) exceeds its 5-year average (7% per year).
Earnings vs Industry: 5538 earnings growth over the past year (22.1%) exceeded the Machinery industry -10.4%.
Return on Equity
High ROE: 5538's Return on Equity (11.8%) is considered low.
How is Tong Ming Enterprise's financial position?
Financial Position Analysis
Short Term Liabilities: 5538's short term assets (NT$6.3B) exceed its short term liabilities (NT$2.9B).
Long Term Liabilities: 5538's short term assets (NT$6.3B) exceed its long term liabilities (NT$680.9M).
Debt to Equity History and Analysis
Debt Level: 5538's debt to equity ratio (70.1%) is considered high.
Reducing Debt: 5538's debt to equity ratio has increased from 27.1% to 70.1% over the past 5 years.
Debt Coverage: 5538's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: 5538's interest payments on its debt are well covered by EBIT (7x coverage).
What is Tong Ming Enterprise current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 5538's dividend (4.39%) is higher than the bottom 25% of dividend payers in the TW market (2.15%).
High Dividend: 5538's dividend (4.39%) is low compared to the top 25% of dividend payers in the TW market (5.24%).
Stability and Growth of Payments
Stable Dividend: 5538 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 5538's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.1%), 5538's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Hung-Chuan Tsai (43 yo)
Mr. Hung-Chuan Tsai serves as the President of Tong Min Enterprise Co., Ltd. and serves its Director since May 13, 2013. Mr. Tsai has five years experience in the stainless steel fasteners industry. Mr. Ts...
CEO Compensation Analysis
Compensation vs Market: Hung-Chuan's total compensation ($USD56.00K) is below average for companies of similar size in the TW market ($USD164.59K).
Compensation vs Earnings: Hung-Chuan's compensation has increased by more than 20% in the past year.
|President & Director||no data||NT$1.60m||no data|
|Chairman||no data||NT$396.00k||no data|
|Independent Director||7.5yrs||NT$396.00k||no data|
|Independent Director||10.33yrs||NT$396.00k||no data|
|Independent Director||7.5yrs||NT$396.00k||no data|
|Director||2.42yrs||no data||no data|
Experienced Board: 5538's board of directors are considered experienced (7.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tong Ming Enterprise Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Tong Ming Enterprise Co., Ltd.
- Ticker: 5538
- Exchange: TSEC
- Founded: 2009
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: NT$5.410b
- Shares outstanding: 168.00m
- Website: https://www.tonggroup.com.tw
- Tong Ming Enterprise Co., Ltd.
- Windward 1, Regatta Office Park
- 2nd Floor
- Grand Cayman
- Grand Cayman
- Cayman Islands
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|5538||TSEC (Taiwan Stock Exchange)||Yes||Common Stock||TW||TWD||Dec 2013|
Tong Ming Enterprise Co., Ltd., together with its subsidiaries, manufactures and sells stainless steel fasteners and wires under the TONG brand name primarily in Mainland China. The company offers fastener...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/26 08:33|
|End of Day Share Price||2020/11/26 00:00|
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.