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TravelSky Technology

OTCPK:TSYH.F
Snowflake Description

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

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TSYH.F
OTCPK
HK$64B
Market Cap
  1. Home
  2. US
  3. Software
Company description

TravelSky Technology Limited provides information technology solutions for aviation and travel industry in the People’s Republic of China. The last earnings update was 186 days ago. More info.


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TSYH.F Share Price and Events
7 Day Returns
0%
OTCPK:TSYH.F
4.1%
US IT
2.9%
US Market
1 Year Returns
-13.3%
OTCPK:TSYH.F
14.9%
US IT
1.4%
US Market
TSYH.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TravelSky Technology (TSYH.F) 0% 0% - -13.3% 80.6% 180.7%
US IT 4.1% 5.2% 18.4% 14.9% 80.3% 94.2%
US Market 2.9% 2.5% 10% 1.4% 38.3% 42%
1 Year Return vs Industry and Market
  • TSYH.F underperformed the IT industry which returned 14.9% over the past year.
  • TSYH.F underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
TSYH.F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is TravelSky Technology undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TravelSky Technology to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for TravelSky Technology.

OTCPK:TSYH.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:TSYH.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.063 (1 + (1- 25%) (0%))
1.043
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.043 * 5.96%)
8.94%

Discounted Cash Flow Calculation for OTCPK:TSYH.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TravelSky Technology is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:TSYH.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.94%)
2019 2,249.80 Analyst x5 2,065.11
2020 3,078.40 Analyst x5 2,593.72
2021 3,338.00 Analyst x1 2,581.57
2022 3,948.00 Analyst x1 2,802.68
2023 4,080.00 Analyst x1 2,658.61
2024 4,207.40 Est @ 3.12% 2,516.56
2025 4,333.82 Est @ 3% 2,379.38
2026 4,460.47 Est @ 2.92% 2,247.87
2027 4,588.24 Est @ 2.86% 2,122.44
2028 4,717.82 Est @ 2.82% 2,003.23
Present value of next 10 years cash flows CN¥23,971.16
OTCPK:TSYH.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥4,717.82 × (1 + 2.73%) ÷ (8.94% – 2.73%)
CN¥78,002.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥78,002.19 ÷ (1 + 8.94%)10
CN¥33,120.43
OTCPK:TSYH.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥23,971.16 + CN¥33,120.43
CN¥57,091.59
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥57,091.59 / 2,926.21
CN¥19.51
OTCPK:TSYH.F Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:696)
1.169
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥19.51 x 1.169
HK$22.81
Non-primary Listing Adjustment Factor 1 share in OTCPK:TSYH.F represents 0.13034x of SEHK:696
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.13034x
Value per Share
(Listing Adjusted, USD)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 22.81 x 0.13034
$2.97
Value per share (USD) From above. $2.97
Current discount Discount to share price of $2.84
= -1 x ($2.84 - $2.97) / $2.97
4.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price TravelSky Technology is available for.
Intrinsic value
5%
Share price is $2.84 vs Future cash flow value of $2.97
Current Discount Checks
For TravelSky Technology to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TravelSky Technology's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • TravelSky Technology's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TravelSky Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TravelSky Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TSYH.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CNY CN¥0.82
SEHK:696 Share Price ** SEHK (2019-02-11) in HKD HK$21.75
SEHK:696 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥18.6
United States of America IT Industry PE Ratio Median Figure of 78 Publicly-Listed IT Companies 30.16x
United States of America Market PE Ratio Median Figure of 3,054 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TravelSky Technology.

OTCPK:TSYH.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:696 Share Price ÷ EPS (both in CNY)

= 18.6 ÷ 0.82

22.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TravelSky Technology is good value based on earnings compared to the US IT industry average.
  • TravelSky Technology is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does TravelSky Technology's expected growth come at a high price?
Raw Data
OTCPK:TSYH.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
14.7%per year
United States of America IT Industry PEG Ratio Median Figure of 64 Publicly-Listed IT Companies 2.43x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

OTCPK:TSYH.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.62x ÷ 14.7%

1.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TravelSky Technology is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on TravelSky Technology's assets?
Raw Data
OTCPK:TSYH.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CNY CN¥5.48
SEHK:696 Share Price * SEHK (2019-02-11) in HKD HK$21.75
SEHK:696 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥18.6
United States of America IT Industry PB Ratio Median Figure of 122 Publicly-Listed IT Companies 4.33x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
OTCPK:TSYH.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:696 Share Price ÷ Book Value per Share (both in CNY)

= 18.6 ÷ 5.48

3.4x

* Primary Listing of TravelSky Technology.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TravelSky Technology is good value based on assets compared to the US IT industry average.
X
Value checks
We assess TravelSky Technology's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. TravelSky Technology has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is TravelSky Technology expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TravelSky Technology expected to grow at an attractive rate?
  • TravelSky Technology's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • TravelSky Technology's earnings growth is expected to exceed the United States of America market average.
  • TravelSky Technology's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:TSYH.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:TSYH.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 14.7%
OTCPK:TSYH.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 11.1%
United States of America IT Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
United States of America IT Industry Revenue Growth Rate Market Cap Weighted Average 9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:TSYH.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TSYH.F Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 9,407 4,095 3,397 9
2019-12-31 8,491 3,602 2,942 11
2018-12-31 7,591 3,331 2,555 11
OTCPK:TSYH.F Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-06-30 7,132 1,911 2,406
2018-03-31 6,933 2,487 2,327
2017-12-31 6,734 3,063 2,249
2017-09-30 6,674 3,573 2,185
2017-06-30 6,613 4,082 2,121
2017-03-31 6,418 3,864 2,271
2016-12-31 6,223 3,645 2,421
2016-09-30 5,898 2,335
2016-06-30 5,573 2,377 2,248
2016-03-31 5,522 2,380 2,081
2015-12-31 5,472 2,383 1,914
2015-09-30 5,450 1,795

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TravelSky Technology's earnings are expected to grow by 14.7% yearly, however this is not considered high growth (20% yearly).
  • TravelSky Technology's revenue is expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:TSYH.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from TravelSky Technology Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TSYH.F Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 1.14 1.27 1.02 9.00
2019-12-31 1.01 1.12 0.91 11.00
2018-12-31 0.87 0.92 0.83 11.00
OTCPK:TSYH.F Past Financials Data
Date (Data in CNY Millions) EPS *
2018-06-30 0.82
2018-03-31 0.80
2017-12-31 0.77
2017-09-30 0.75
2017-06-30 0.72
2017-03-31 0.78
2016-12-31 0.83
2016-09-30 0.80
2016-06-30 0.77
2016-03-31 0.71
2015-12-31 0.65
2015-09-30 0.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • TravelSky Technology is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TravelSky Technology's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TravelSky Technology has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TravelSky Technology performed over the past 5 years?

  • TravelSky Technology's last earnings update was 186 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TravelSky Technology's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TravelSky Technology's year on year earnings growth rate has been positive over the past 5 years.
  • TravelSky Technology's 1-year earnings growth exceeds its 5-year average (13.4% vs 13.1%)
  • TravelSky Technology's earnings growth has not exceeded the US IT industry average in the past year (13.4% vs 15.3%).
Earnings and Revenue History
TravelSky Technology's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TravelSky Technology Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TSYH.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 7,132.49 2,406.22 714.43
2018-03-31 6,933.37 2,327.44 708.36
2017-12-31 6,734.25 2,248.65 702.29
2017-09-30 6,673.68 2,184.88 722.32
2017-06-30 6,613.12 2,121.11 742.36
2017-03-31 6,418.19 2,271.11 732.27
2016-12-31 6,223.27 2,421.11 722.18
2016-09-30 5,897.94 2,334.50 718.97
2016-06-30 5,572.62 2,247.89 715.76
2016-03-31 5,522.23 2,081.12 718.54
2015-12-31 5,471.83 1,914.36 721.31
2015-09-30 5,449.80 1,795.04 784.15
2015-06-30 5,427.78 1,675.72 846.99
2015-03-31 5,382.09 1,664.15 816.56
2014-12-31 5,336.41 1,652.59 786.13
2014-09-30 5,205.40 1,678.43 742.91
2014-06-30 5,074.38 1,704.27 699.69
2014-03-31 4,791.85 1,455.00 680.70
2013-12-31 4,509.31 1,205.73 661.71
2013-09-30 4,362.00 1,195.66 679.21
2013-06-30 4,214.69 1,185.59 696.70
2013-03-31 4,137.60 1,159.24 681.53
2012-12-31 4,060.52 1,132.88 666.35
2012-09-30 3,929.88 1,103.09 630.39
2012-06-30 3,799.23 1,073.30 594.44
2012-03-31 3,735.65 1,060.26 572.08

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TravelSky Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TravelSky Technology used its assets more efficiently than the US IT industry average last year based on Return on Assets.
  • TravelSky Technology has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TravelSky Technology's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TravelSky Technology has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TravelSky Technology's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TravelSky Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TravelSky Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TravelSky Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TravelSky Technology's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • TravelSky Technology has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TravelSky Technology Company Filings, last reported 8 months ago.

OTCPK:TSYH.F Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 16,494.03 0.00 8,444.13
2018-03-31 16,494.03 0.00 8,444.13
2017-12-31 15,860.44 0.00 6,404.94
2017-09-30 15,860.44 0.00 6,404.94
2017-06-30 14,763.27 0.00 6,778.58
2017-03-31 14,763.27 0.00 6,778.58
2016-12-31 14,164.91 0.00 5,754.47
2016-09-30 14,164.91 0.00 5,754.47
2016-06-30 13,206.66 274.36 6,259.52
2016-03-31 13,206.66 274.36 6,259.52
2015-12-31 12,181.09 0.00 5,281.35
2015-09-30 12,181.09 0.00 5,281.35
2015-06-30 11,370.89 0.00 5,931.66
2015-03-31 11,370.89 0.00 5,931.66
2014-12-31 10,576.22 0.00 4,468.26
2014-09-30 10,576.22 0.00 4,468.26
2014-06-30 10,047.81 0.00 4,721.35
2014-03-31 10,047.81 0.00 4,721.35
2013-12-31 9,300.48 0.00 3,891.27
2013-09-30 9,300.48 0.00 3,891.27
2013-06-30 8,690.55 0.00 3,921.79
2013-03-31 8,690.55 0.00 3,921.79
2012-12-31 8,431.65 0.00 3,570.59
2012-09-30 8,431.65 0.00 3,570.59
2012-06-30 7,873.66 0.00 3,391.24
2012-03-31 7,873.66 0.00 3,391.24
  • TravelSky Technology has no debt.
  • TravelSky Technology had no debt 5 years ago.
  • TravelSky Technology has no debt, it does not need to be covered by operating cash flow.
  • TravelSky Technology has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess TravelSky Technology's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TravelSky Technology has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is TravelSky Technology's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.36%
Current annual income from TravelSky Technology dividends. Estimated to be 1.86% next year.
If you bought $2,000 of TravelSky Technology shares you are expected to receive $27 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • TravelSky Technology's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • TravelSky Technology's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:TSYH.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
United States of America IT Industry Average Dividend Yield Market Cap Weighted Average of 33 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:TSYH.F Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.36 8.00
2019-12-31 0.33 10.00
2018-12-31 0.29 10.00
OTCPK:TSYH.F Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-03-26 0.253 1.399
2017-06-27 0.222 1.193
2016-04-19 0.166 1.123
2016-03-31 0.166 1.399
2015-06-16 0.133 1.462
2014-06-06 0.140 2.036
2013-04-19 0.133 2.636
2012-04-17 0.120 3.491
2012-03-28 0.120 3.437
2011-03-29 0.105 2.998
2010-04-30 0.089 2.190
2010-04-22 0.089 2.361
2009-03-18 0.087 3.055

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of TravelSky Technology's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess TravelSky Technology's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TravelSky Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TravelSky Technology has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of TravelSky Technology's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yinhong Xiao
COMPENSATION CN¥683,000
AGE 55
CEO Bio

Mr. Xiao Yinhong has been General Manager of TravelSky Technology Limited since August 29, 2008 and serves as its Chief Executive Officer. Mr. Xiao has nearly 20 years of management and technical support experience in China's aviation industry. He served as Deputy General Manager of TravelSky Technology Limited from October 18, 2000 to August 2008. From July 1984 to October 1995, Mr. Xiao worked in the Computer Centre of CACI and has served as Deputy Director and Director of the Computer Centre of CACI from October 1988 to October 1995. From October 1995 to May 1999, he was the Assistant to the General Manager of CACI. He served as the Deputy General Manager of CACI from May 1999 to August 2000. He has been Executive Director of TravelSky Technology Limited since October 18, 2000. Mr. Xiao was awarded a Master Degree of Beihang University. He is a senior engineer. He graduated from Zhejiang University.

CEO Compensation
  • Yinhong's compensation has been consistent with company performance over the past year.
  • Yinhong's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the TravelSky Technology management team in years:

8.1
Average Tenure
54.5
Average Age
  • The average tenure for the TravelSky Technology management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Zhixiong Cui

TITLE
Chairman
COMPENSATION
CN¥683K
AGE
58

Yinhong Xiao

TITLE
Chief Executive Officer
COMPENSATION
CN¥683K
AGE
55

Jinsong Li

TITLE
Chief Financial Officer and Vice General Manager
AGE
48
TENURE
2.3 yrs

Xiaochun Yu

TITLE
Company Secretary
AGE
50
TENURE
6 yrs

Gang Rong

TITLE
Vice General Manager
COMPENSATION
CN¥281K
AGE
56
TENURE
10.3 yrs

Xiaoxing Zhu

TITLE
Vice General Manager
COMPENSATION
CN¥546K
AGE
54
TENURE
10.6 yrs
Board of Directors Tenure

Average tenure and age of the TravelSky Technology board of directors in years:

3.2
Average Tenure
57
Average Age
  • The tenure for the TravelSky Technology board of directors is about average.
Board of Directors

Yinhong Xiao

TITLE
Chief Executive Officer
COMPENSATION
CN¥683K
AGE
55
TENURE
18.4 yrs

Yuanchang Huang

TITLE
Chairperson of Supervisory Committee
AGE
55
TENURE
4 yrs

Zhixiong Cui

TITLE
Chairman
COMPENSATION
CN¥683K
AGE
58
TENURE
3 yrs

Shiqing Cao

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥96K
AGE
64
TENURE
3.2 yrs

Maurice Ngai

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥96K
AGE
56
TENURE
3.2 yrs

Jianxiong Cao

TITLE
Non-Executive Director
AGE
58
TENURE
4.3 yrs

Xiangqun Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥12K
AGE
64
TENURE
2.4 yrs

Bing Tang

TITLE
Non-Executive Director
AGE
51
TENURE
0.8 yrs

Wensheng Han

TITLE
Non-Executive Director
AGE
51
TENURE
0.8 yrs

Geping Rao

TITLE
Independent Supervisor
COMPENSATION
CN¥60K
AGE
70
TENURE
15.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Dec 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 18. Dec 18 18. Dec 18 -349,107 $2.58 $-900,193
20. Dec 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 17. Dec 18 17. Dec 18 640,294 $2.69 $1,722,043
19. Dec 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 14. Dec 18 14. Dec 18 -2,085,997 $2.74 $-5,708,383
13. Dec 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 10. Dec 18 10. Dec 18 1,090,000 $2.58 $2,810,614
07. Dec 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 04. Dec 18 04. Dec 18 -836,094 $2.70 $-2,260,522
07. Dec 18 Sell BlackRock, Inc. Company 04. Dec 18 04. Dec 18 -4,200,449 $2.70 $-11,352,537
03. Dec 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 28. Nov 18 28. Nov 18 212,154 $2.61 $553,530
23. Nov 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 20. Nov 18 20. Nov 18 -289,168 $2.49 $-721,394
22. Nov 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 19. Nov 18 19. Nov 18 262,975 $2.58 $677,186
21. Nov 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 16. Nov 18 16. Nov 18 -266,328 $2.53 $-674,099
14. Nov 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 09. Nov 18 09. Nov 18 1,632,879 $2.41 $3,937,706
01. Nov 18 Buy BlackRock, Inc. Company 29. Oct 18 29. Oct 18 294,000 $2.28 $670,214
23. Oct 18 Buy BlackRock, Inc. Company 18. Oct 18 18. Oct 18 282,000 $2.26 $637,807
11. Oct 18 Sell Capital Research and Management Company Company 09. Oct 18 09. Oct 18 -1,140,000 $2.26 $-2,577,548
01. Sep 18 Sell BlackRock, Inc. Company 30. Aug 18 30. Aug 18 -4,359,608 $2.66 $-11,608,263
04. Aug 18 Buy BlackRock, Inc. Company 01. Aug 18 01. Aug 18 4,643,000 $2.86 $13,256,150
03. Aug 18 Sell Capital Research and Management Company Company 01. Aug 18 01. Aug 18 -1,446,000 $2.89 $-4,177,508
21. Jul 18 Buy Capital Research and Management Company Company 19. Jul 18 19. Jul 18 1,500,000 $3.02 $4,523,663
03. Jul 18 Buy Capital Research and Management Company Company 29. Jun 18 29. Jun 18 1,424,000 $2.90 $4,131,786
07. Jun 18 Sell BlackRock, Inc. Company 04. Jun 18 04. Jun 18 -2,730,000 $2.93 $-7,986,730
05. Jun 18 Sell Norges Bank Investment Management Company 01. Jun 18 01. Jun 18 -571,000 $2.87 $-1,638,773
14. Apr 18 Buy Capital Research and Management Company Company 12. Apr 18 12. Apr 18 2,527,000 $2.95 $7,446,081
X
Management checks
We assess TravelSky Technology's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TravelSky Technology has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

TravelSky Technology Limited provides information technology solutions for aviation and travel industry in the People’s Republic of China. It primarily offers aviation information technology (AIT), distribution information technology, clearing, and accounting and settlement services. The company’s AIT services consist of electronic travel distribution services, including inventory control system, computer reservation system, and airport passenger processing system services, as well as other related information technology solutions. It also provides cargo management services, and sells and installs related information systems; computer hardware and software development, and data network services; and technical support, training, and consulting services; and Internet exchange platform services. In addition, the company is involved in real estate development, sale of commercial and residential buildings, professional and labor subcontracting, and investment management businesses; provision of conference and exhibition, tour consulting, and technology promotion services; development of network systems, and computer and related equipment; and the trading, repair, and rental of computer software and hardware. Further, it offers Internet data center and technology services; online and ticketing agency services; electrical system project contracting; and advertising services. TravelSky Technology Limited was founded in 2000 and is based in Beijing, the People’s Republic of China.

Details
Name: TravelSky Technology Limited
TSYH.F
Exchange: OTCPK
Founded: 2000
HK$8,107,960,630
2,926,209,589
Website: http://www.travelskyir.com
Address: TravelSky Technology Limited
TravelSky High-Tech Industrial Park,
Houshayu Town,
Beijing,
101308,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 696 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 07. Feb 2001
OTCPK TSYH.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 07. Feb 2001
DB TVL Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 07. Feb 2001
SHSC 696 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 07. Feb 2001
SZSC 696 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 07. Feb 2001
OTCPK TSYH.Y SPON ADR H SHS Pink Sheets LLC US USD 02. Jan 2003
Number of employees
Current staff
Staff numbers
7,800
TravelSky Technology employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/17 23:50
End of day share price update: 2019/02/11 00:00
Last estimates confirmation: 2019/03/08
Last earnings filing: 2018/09/12
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.