OTCPK:TIAC.F

Stock Analysis Report

Tian An China Investments

Executive Summary

Tian An China Investments Company Limited, an investment holding company, invests in, develops, and manages properties in the People's Republic of China, Hong Kong, the United Kingdom, and Australia.


Snowflake Analysis

Excellent balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has Tian An China Investments's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TIAC.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

TIAC.F

-1.6%

US Real Estate

-1.1%

US Market


1 Year Return

n/a

TIAC.F

6.5%

US Real Estate

17.9%

US Market

Return vs Industry: Insufficient data to determine how TIAC.F performed against the US Real Estate industry.

Return vs Market: Insufficient data to determine how TIAC.F performed against the US Market.


Shareholder returns

TIAC.FIndustryMarket
7 Day0%-1.6%-1.1%
30 Dayn/a1.5%1.4%
90 Dayn/a7.4%6.9%
1 Yearn/a7.4%6.5%20.3%17.9%
3 Yearn/a27.7%24.6%47.8%38.3%
5 Year-32.7%-32.7%15.0%11.2%71.9%53.0%

Price Volatility Vs. Market

How volatile is Tian An China Investments's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Tian An China Investments undervalued compared to its fair value and its price relative to the market?

3.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TIAC.F ($0.4) is trading above our estimate of fair value ($0.29)

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


Price To Earnings Ratio

PE vs Industry: TIAC.F is good value based on its PE Ratio (3.9x) compared to the Real Estate industry average (22.8x).

PE vs Market: TIAC.F is good value based on its PE Ratio (3.9x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TIAC.F is good value based on its PB Ratio (0.2x) compared to the US Real Estate industry average (1.4x).


Next Steps

Future Growth

How is Tian An China Investments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.3%

Forecasted Real Estate 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 Tian An China Investments 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 Tian An China Investments 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.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Tian An China Investments's filings and announcements here.
  • Explore growth companies in the Real Estate industry.

Past Performance

How has Tian An China Investments performed over the past 5 years?

5.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TIAC.F has high quality earnings.

Growing Profit Margin: TIAC.F's current net profit margins (65.3%) are higher than last year (41.2%).


Past Earnings Growth Analysis

Earnings Trend: TIAC.F's earnings have grown by 5.4% per year over the past 5 years.

Accelerating Growth: TIAC.F's earnings growth over the past year (3.9%) is below its 5-year average (5.4% per year).

Earnings vs Industry: TIAC.F earnings growth over the past year (3.9%) exceeded the Real Estate industry -31.1%.


Return on Equity

High ROE: TIAC.F's Return on Equity (5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Tian An China Investments's financial position?


Financial Position Analysis

Short Term Liabilities: TIAC.F's short term assets (HK$12.0B) exceed its short term liabilities (HK$7.6B).

Long Term Liabilities: TIAC.F's short term assets (HK$12.0B) exceed its long term liabilities (HK$6.5B).


Debt to Equity History and Analysis

Debt Level: TIAC.F's debt to equity ratio (25.4%) is considered satisfactory.

Reducing Debt: TIAC.F's debt to equity ratio has reduced from 33.5% to 25.4% over the past 5 years.

Debt Coverage: TIAC.F's debt is not well covered by operating cash flow (0.5%).

Interest Coverage: TIAC.F earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: TIAC.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: TIAC.F's debt is covered by short term assets (assets are 1.8x debt).


Next Steps

Dividend

What is Tian An China Investments's current dividend yield, its reliability and sustainability?

6.10%

Current Dividend Yield


Dividend Yield vs Market

company6.1%marketbottom25%1.4%markettop25%3.7%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: TIAC.F's dividend (6.1%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: TIAC.F's dividend (6.1%) is in the top 25% of dividend payers in the US market (3.73%)


Stability and Growth of Payments

Stable Dividend: TIAC.F's dividend payments have been volatile in the past 10 years.

Growing Dividend: TIAC.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.8%), TIAC.F'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?

6.0yrs

Average management tenure


CEO

Patrick Lee (67yo)

12.8yrs

Tenure

HK$7,089,000

Compensation

Mr. Seng Wei Lee, also known as Patrick, has been Chairman of Asiasec Properties Ltd since January 4, 2018. He served as Chief Executive Officer of Asiasec Properties Ltd(also known as Dan Form Holdings Co ...


CEO Compensation Analysis

Compensation vs Market: Patrick's total compensation ($USD910.28K) is below average for companies of similar size in the US market ($USD2.51M).

Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Seng Wei Lee
MD & Executive Director12.8yrsHK$7.09mno data
Zengbin Song
Deputy Chairman11.7yrsHK$2.59mno data
Tsan Sang Tao
Finance Director & Executive Director10.3yrsHK$4.82mno data
King Yau Lo
Executive Director20.5yrsHK$5.33mno data
Sun Ma
Deputy MD & Executive Director16.8yrsHK$6.61m0.0032% HK$20.2k
Chee Choong Chew
Group Chief Operating Officer1.1yrsno datano data
Zhu Song
General Manager of Contracts Department0yrsno datano data
Aimin Hu
Group Director of Special Projects0yrsHK$3.51mno data
Saifang Chen
General Manager of the Southern China Region0yrsno datano data
Zhimin Zhou
General Manager of the Property Management Department0yrsno datano data

6.0yrs

Average Tenure

61yo

Average Age

Experienced Management: TIAC.F's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Seng Wei Lee
MD & Executive Director12.8yrsHK$7.09mno data
Zengbin Song
Deputy Chairman11.7yrsHK$2.59mno data
Tsan Sang Tao
Finance Director & Executive Director10.3yrsHK$4.82mno data
King Yau Lo
Executive Director20.5yrsHK$5.33mno data
Sun Ma
Deputy MD & Executive Director16.8yrsHK$6.61m0.0032% HK$20.2k
Mo Chi Cheng
Non-Executive Director22.8yrsHK$10.00kno data
Seng-Hui Lee
Non-Executive Chairman12.8yrsHK$39.53mno data
Lai Sum Yang
Independent Non-Executive Director20.3yrsHK$192.00kno data
Wah Sang Ngai
Independent Non-Executive Director15.4yrsHK$121.00kno data
Chu Fai Chang
Independent Non-Executive Director15.4yrsHK$96.00kno data

16.1yrs

Average Tenure

62yo

Average Age

Experienced Board: TIAC.F's board of directors are seasoned and experienced ( 16.1 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Tian An China Investments Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tian An China Investments Company Limited
  • Ticker: TIAC.F
  • Exchange: OTCPK
  • Founded: 1986
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$4.922b
  • Listing Market Cap: HK$632.037m
  • Shares outstanding: 1.50b
  • Website: https://www.tiananchina.com

Number of Employees


Location

  • Tian An China Investments Company Limited
  • Allied Kajima Building
  • 22nd Floor
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
28SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
TIAC.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992

Biography

Tian An China Investments Company Limited, an investment holding company, invests in, develops, and manages properties in the People's Republic of China, Hong Kong, the United Kingdom, and Australia. It operates through Property Development, Property Investment, and Other Operations segments. The company develops apartments, villas, office buildings, and commercial properties. It is also involved in the golf course and club house operations, and hotel management activities. In addition, the company provides property leasing and estate management, car parking space, securities dealing, and money lending services. Tian An China Investments Company Limited was founded in 1986 and is based in Wan Chai, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 01:44
End of Day Share Price2020/02/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.