TIAN TECK LAND LIMITED |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.15 HKD | 0.00% |
|
+1.90% | -6.52% |
| 26/02 | Tian Teck Land Names Chief Investment Officer | MT |
| 26/02 | Associated International Hotels Names Chief Engineering Officer | MT |
Valuation
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 4,472 | 4,154 | 2,706 | 2,397 | 2,003 | 1,757 |
| Enterprise Value (EV) 1 | 4,105 | 3,789 | 2,427 | 2,168 | 1,712 | 1,446 |
| P/E ratio | 41.4 x | 56.4 x | -5.88 x | -3.08 x | -3.62 x | -2.31 x |
| Yield | 4.88% | 5.03% | 5.44% | 3.56% | 3.79% | 3.51% |
| Capitalization / Revenue | 6.93 x | 6.67 x | 4.51 x | 5.39 x | 6.46 x | 5.67 x |
| EV / Revenue | 6.36 x | 6.08 x | 4.05 x | 4.87 x | 5.52 x | 4.67 x |
| EV / EBITDA | 7.82 x | 7.56 x | 5.13 x | 6.86 x | 9.37 x | 7.81 x |
| EV / FCF | 9.01 x | 12.6 x | 11.9 x | 39 x | 10.6 x | 18.4 x |
| FCF Yield | 11.1% | 7.92% | 8.41% | 2.56% | 9.39% | 5.43% |
| Price to Book | 0.61 x | 0.58 x | 0.41 x | 0.42 x | 0.4 x | 0.42 x |
| Nbr of stocks (in thousands) | 4,74,732 | 4,74,732 | 4,74,732 | 4,74,732 | 4,74,732 | 4,74,732 |
| Reference price 2 | 9.420 | 8.750 | 5.700 | 5.050 | 4.220 | 3.700 |
| Announcement Date | 26/07/18 | 25/07/19 | 23/07/20 | 22/07/21 | 21/07/22 | 27/07/23 |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 645.6 | 622.7 | 600.1 | 444.9 | 310.3 | 309.9 |
| EBITDA 1 | 524.8 | 501.2 | 473.5 | 316.1 | 182.8 | 185.3 |
| EBIT 1 | 520.1 | 496.7 | 469.1 | 311.8 | 178.5 | 180.9 |
| Operating Margin | 80.55% | 79.76% | 78.18% | 70.09% | 57.52% | 58.36% |
| Earnings before Tax (EBT) 1 | 273.2 | 229.1 | -838.6 | -1,489 | -1,085 | -1,522 |
| Net income 1 | 108.1 | 73.67 | -460.1 | -777.6 | -554 | -759.3 |
| Net margin | 16.75% | 11.83% | -76.68% | -174.79% | -178.52% | -245.05% |
| EPS 2 | 0.2278 | 0.1552 | -0.9692 | -1.638 | -1.167 | -1.600 |
| Free Cash Flow 1 | 455.7 | 300.3 | 204.2 | 55.61 | 160.8 | 78.52 |
| FCF margin | 70.59% | 48.22% | 34.03% | 12.5% | 51.8% | 25.34% |
| FCF Conversion (EBITDA) | 86.84% | 59.9% | 43.13% | 17.59% | 87.95% | 42.37% |
| FCF Conversion (Net income) | 421.47% | 407.57% | - | - | - | - |
| Dividend per Share 2 | 0.4600 | 0.4400 | 0.3100 | 0.1800 | 0.1600 | 0.1300 |
| Announcement Date | 26/07/18 | 25/07/19 | 23/07/20 | 22/07/21 | 21/07/22 | 27/07/23 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 367 | 365 | 279 | 229 | 291 | 310 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 456 | 300 | 204 | 55.6 | 161 | 78.5 |
| ROE (net income / shareholders' equity) | 1.3% | 1.05% | -6.87% | -13% | -10.8% | -17.5% |
| ROA (Net income/ Total Assets) | 2.18% | 2.12% | 2.11% | 1.58% | 1.03% | 1.21% |
| Assets 1 | 4,963 | 3,481 | -21,759 | -49,179 | -53,742 | -62,766 |
| Book Value Per Share 2 | 15.50 | 15.20 | 13.80 | 11.90 | 10.60 | 8.900 |
| Cash Flow per Share 2 | 1.200 | 1.190 | 1.010 | 0.9100 | 1.040 | 1.080 |
| Capex 1 | 0.52 | 1.61 | 0.99 | 0.67 | 0.85 | 1.88 |
| Capex / Sales | 0.08% | 0.26% | 0.17% | 0.15% | 0.27% | 0.61% |
| Announcement Date | 26/07/18 | 25/07/19 | 23/07/20 | 22/07/21 | 21/07/22 | 27/07/23 |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -6.52% | 131M | |
| +36.21% | 29.21B | |
| +5.54% | 28.04B | |
| -12.43% | 27.86B | |
| +17.36% | 25.39B | |
| +49.82% | 24.16B | |
| +6.98% | 20.93B | |
| +3.41% | 19.25B | |
| +28.06% | 16.61B | |
| -13.90% | 15.42B |
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