Executive Summary
Tidehold Development Co., Ltd. engages in the international trade business. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and slightly overvalued.
Share Price & News
How has Tidehold Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 9902 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 9902's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-0.9%
9902
-1.6%
TW Retail Distributors
-3.2%
TW Market
1 Year Return
23.9%
9902
15.5%
TW Retail Distributors
38.1%
TW Market
Return vs Industry: 9902 exceeded the TW Retail Distributors industry which returned 15.5% over the past year.
Return vs Market: 9902 underperformed the TW Market which returned 38.1% over the past year.
Shareholder returns
| 9902 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | -1.6% | -3.2% |
| 30 Day | 7.5% | 2.5% | 1.5% |
| 90 Day | 9.5% | -1.4% | 12.1% |
| 1 Year | 28.7%23.9% | 20.8%15.5% | 43.0%38.1% |
| 3 Year | 24.6%16.4% | 18.1%4.8% | 63.9%45.5% |
| 5 Year | 21.6%11.1% | 64.4%32.6% | 120.0%81.3% |
Long-Term Price Volatility Vs. Market
How volatile is Tidehold Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should Tidehold Development Co., Ltd. (TPE:9902) Be Part Of Your Income Portfolio?2 months ago | Simply Wall St
Estimating The Intrinsic Value Of Tidehold Development Co., Ltd. (TPE:9902)4 months ago | Simply Wall St
Consider This Before Buying Tidehold Development Co., Ltd. (TPE:9902) For The 4.1% DividendValuation
Is Tidehold Development undervalued compared to its fair value and its price relative to the market?
0.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 9902 (NT$11.5) is trading below our estimate of fair value (NT$11.56)
Significantly Below Fair Value: 9902 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 9902 is poor value based on its PE Ratio (44x) compared to the TW Retail Distributors industry average (18x).
PE vs Market: 9902 is poor value based on its PE Ratio (44x) compared to the TW market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 9902's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 9902 is good value based on its PB Ratio (0.9x) compared to the TW Retail Distributors industry average (1.4x).
Next Steps
Future Growth
How is Tidehold Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
14.2%
Forecasted Retail 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 Tidehold Development 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 Tidehold Development's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Retail industry.
Past Performance
How has Tidehold Development performed over the past 5 years?
25.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 9902 has a large one-off gain of NT$30.2M impacting its September 30 2020 financial results.
Growing Profit Margin: 9902's current net profit margins (6.1%) are lower than last year (22.4%).
Past Earnings Growth Analysis
Earnings Trend: 9902's earnings have grown significantly by 25.8% per year over the past 5 years.
Accelerating Growth: 9902's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 9902 had negative earnings growth (-36.9%) over the past year, making it difficult to compare to the Retail Distributors industry average (-23.2%).
Return on Equity
High ROE: 9902's Return on Equity (2.1%) is considered low.
Next Steps
Financial Health
How is Tidehold Development's financial position?
Financial Position Analysis
Short Term Liabilities: 9902's short term assets (NT$532.5M) exceed its short term liabilities (NT$37.6M).
Long Term Liabilities: 9902's short term assets (NT$532.5M) exceed its long term liabilities (NT$36.4M).
Debt to Equity History and Analysis
Debt Level: 9902's debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: 9902's debt to equity ratio has reduced from 0.8% to 0.6% over the past 5 years.
Debt Coverage: 9902's debt is well covered by operating cash flow (364.1%).
Interest Coverage: Insufficient data to determine if 9902's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Tidehold Development current dividend yield, its reliability and sustainability?
3.48%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 9902's dividend (3.48%) is higher than the bottom 25% of dividend payers in the TW market (1.99%).
High Dividend: 9902's dividend (3.48%) is low compared to the top 25% of dividend payers in the TW market (5%).
Stability and Growth of Payments
Stable Dividend: 9902 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 9902's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (152.9%), 9902's dividend payments are not 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?
11.3yrs
Average management tenure
CEO
Fu Xing Wu
11.33yrs
Tenure
NT$2,377,000
Compensation
Fu Xing Wu has been President at Tidehold Development Co. Ltd. since November 3, 2009. Fu Xing Wu has been Director at Tidehold Development Co. Ltd. since June 15, 2011. Fu Xing Wu serves as Director of Xi...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President and Director | 11.33yrs | NT$2.38m | no data | |
| Vice President and Director | 33.75yrs | NT$1.24m | no data | |
| Vice President | 11.33yrs | NT$738.00k | no data |
11.3yrs
Average Tenure
Experienced Management: 9902's management team is seasoned and experienced (11.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President and Director | 11.33yrs | NT$2.38m | no data | |
| Vice President and Director | 33.75yrs | NT$1.24m | no data | |
| Chairman | 41.42yrs | NT$2.73m | no data | |
| Director | 33.75yrs | NT$507.00k | no data | |
| Director | 20.75yrs | NT$222.00k | no data | |
| Supervisor | 9.75yrs | NT$222.00k | no data | |
| Supervisor | 9.75yrs | NT$222.00k | no data |
20.8yrs
Average Tenure
Experienced Board: 9902's board of directors are seasoned and experienced ( 20.8 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
Tidehold Development Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tidehold Development Co., Ltd.
- Ticker: 9902
- Exchange: TSEC
- Founded: 1949
- Industry: Distributors
- Sector: Retail
- Market Cap: NT$1.157b
- Shares outstanding: 98.01m
- Website: https://www.tidehold.com
Number of Employees
Location
- Tidehold Development Co., Ltd.
- No. 75, Yen-Ping South Road
- 2nd Floor
- Taipei
- Taiwan
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 9902 | TSEC (Taiwan Stock Exchange) | Yes | Common Stock | TW | TWD | Jan 1992 |
Biography
Tidehold Development Co., Ltd. engages in the international trade business. It develops and rents residential and other buildings; rents minibus; and sells gas-electric garbage truck businesses. The compan...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/05 08:46 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/09/30 |
| 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.