OTCPK:TRUH.Y

Stock Analysis Report

Truly International Holdings

Executive Summary

Truly International Holdings Limited, an investment holding company, manufactures, sells, and trades in liquid crystal display products and electronic consumer products.


Snowflake Analysis

Very undervalued with reasonable growth potential.

Share Price & News

How has Truly International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

TRUH.Y

-1.9%

US Electronic

-1.0%

US Market


1 Year Return

n/a

TRUH.Y

6.1%

US Electronic

18.0%

US Market

Return vs Industry: Insufficient data to determine how TRUH.Y performed against the US Electronic industry.

Return vs Market: Insufficient data to determine how TRUH.Y performed against the US Market.


Shareholder returns

TRUH.YIndustryMarket
7 Day0%-1.9%-1.0%
30 Day0%-6.0%0.6%
90 Day-0.7%1.1%7.9%
1 Yearn/a7.2%6.1%20.4%18.0%
3 Yearn/a34.4%30.8%48.0%38.5%
5 Year-61.8%-64.5%67.4%59.3%72.2%53.3%

Price Volatility Vs. Market

How volatile is Truly International Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Truly International Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TRUH.Y ($2.66) is trading below our estimate of fair value ($6.35)

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


Price To Earnings Ratio

PE vs Industry: TRUH.Y is good value based on its PE Ratio (18.6x) compared to the Electronic industry average (21.2x).

PE vs Market: TRUH.Y is good value based on its PE Ratio (18.6x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: TRUH.Y is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: TRUH.Y is good value based on its PB Ratio (0.5x) compared to the US Electronic industry average (2.1x).


Next Steps

Future Growth

How is Truly International Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

49.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRUH.Y's forecast earnings growth (49.2% per year) is above the savings rate (1.7%).

Earnings vs Market: TRUH.Y's earnings (49.2% per year) are forecast to grow faster than the US market (14.3% per year).

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

Revenue vs Market: TRUH.Y's revenue (10.9% per year) is forecast to grow faster than the US market (7.5% per year).

High Growth Revenue: TRUH.Y's revenue (10.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TRUH.Y's Return on Equity is forecast to be low in 3 years time (9.1%).


Next Steps

Past Performance

How has Truly International Holdings performed over the past 5 years?

-48.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRUH.Y has high quality earnings.

Growing Profit Margin: TRUH.Y's current net profit margins (1.1%) are higher than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: TRUH.Y's earnings have declined by -48.4% per year over the past 5 years.

Accelerating Growth: TRUH.Y's earnings growth over the past year (159.4%) exceeds its 5-year average (-48.4% per year).

Earnings vs Industry: TRUH.Y earnings growth over the past year (159.4%) exceeded the Electronic industry 53.6%.


Return on Equity

High ROE: TRUH.Y's Return on Equity (3.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Truly International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: TRUH.Y's short term assets (HK$11.2B) do not cover its short term liabilities (HK$16.2B).

Long Term Liabilities: TRUH.Y's short term assets (HK$11.2B) exceed its long term liabilities (HK$185.2M).


Debt to Equity History and Analysis

Debt Level: TRUH.Y's debt to equity ratio (78.4%) is considered high.

Reducing Debt: TRUH.Y's debt to equity ratio has increased from 72.2% to 78.4% over the past 5 years.

Debt Coverage: TRUH.Y's debt is not well covered by operating cash flow (9.2%).

Interest Coverage: TRUH.Y's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet

Inventory Level: TRUH.Y has a high level of physical assets or inventory.

Debt Coverage by Assets: TRUH.Y's debt is covered by short term assets (assets are 1.6x debt).


Next Steps

Dividend

What is Truly International Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate TRUH.Y's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TRUH.Y's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TRUH.Y's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TRUH.Y's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TRUH.Y is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TRUH.Y's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.2yrs

Average board tenure


CEO

Steven Lam (66yo)

HK$5,781,000

Compensation

Mr. Wai Wah Lam, also known as Steven, serves as an Executive Chairman and Managing Director of Truly International Holdings Ltd. Mr. Lam is the founder of Truly International Holdings Ltd. and has over 26 ...


CEO Compensation Analysis

Compensation vs Market: Steven's total compensation ($USD743.51K) is below average for companies of similar size in the US market ($USD1.70M).

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


Board Members

NamePositionTenureCompensationOwnership
Wai Lam
Executive Chairman & MD0yrsHK$5.78m46.11% HK$214.6m
Wai Ma
CFO, Company Secretary & Executive Director1.2yrsHK$1.76mno data
Pong Wong
Executive Director & COO0yrsHK$2.11m0.050% HK$233.5k
Bei Bei Song
VP, Purchasing & Procurement Director & Executive Director1.2yrsHK$1.01m0.032% HK$146.6k
Cheng Yun Dai
VP, Factory Chief Operating Officer & Executive Director1.2yrsHK$720.95k0.0061% HK$28.6k
Wing Cheung Cheung
Executive Director1.2yrsHK$984.67k0.017% HK$80.1k
Cho Ip
Independent Non-Executive Director0yrsHK$132.00kno data
Kai Heung
Independent Non-Executive Director0yrsHK$132.00kno data
Kam Kwong Chung
Independent Non-Executive Director0yrsHK$264.00kno data

1.2yrs

Average Tenure

60yo

Average Age

Experienced Board: TRUH.Y's board of directors are not considered experienced ( 1.2 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: 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 been diluted in the past year, with total shares outstanding growing by 5%.


Top Shareholders

Company Information

Truly International Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Truly International Holdings Limited
  • Ticker: TRUH.Y
  • Exchange: OTCPK
  • Founded:
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: HK$3.618b
  • Listing Market Cap: HK$465.485m
  • Shares outstanding: 3.29b
  • Website: https://www.truly.com.hk

Number of Employees


Location

  • Truly International Holdings Limited
  • Chung Shun Knitting Centre
  • 2nd Floor
  • Kwai Chung
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
732SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
TYU2DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
TRUH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
732SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
732SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
TRUH.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDJul 1994

Biography

Truly International Holdings Limited, an investment holding company, manufactures, sells, and trades in liquid crystal display products and electronic consumer products. It operates through two segments, LCD Products and Electronic Consumer Products. The company offers touch panel products and modules; compact camera modules; personal care products, including electric toothbrushes, blood glucose monitors, and blood pressure monitors; calculators and electronic components; printed and flexible circuit board panels, and plastic injection molding products for various applications; health care products; and fingerprint identification modules and electrical devices. The company has operations in the People’s Republic of China, South Korea, Japan, Hong Kong, Europe, and internationally. Truly International Holdings Limited is headquartered in Kwai Chung, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/29 23:51
End of Day Share Price2019/11/01 00:00
Earnings2019/09/30
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.