Tat Hong Equipment Service Co Ltd
HKEX:2153
Intrinsic Value
TAT Hong Equipment Service Co., Ltd. is an investment holding company, which engages in the provision of tower crane solution services. [ Read More ]
The intrinsic value of one
Tat Hong Equipment Service Co Ltd
stock under the Base Case scenario is
0.82
HKD.
Compared to the current market price of 1.1 HKD,
Tat Hong Equipment Service Co Ltd
is
Overvalued by 25%.
Tat Hong Equipment Service Co Ltd's market capitalization is 1.3B HKD.
Tat Hong Equipment Service Co Ltd stock price is 1.1 HKD.
Tat Hong Equipment Service Co Ltd stock (0.82 HKD) is 25% less than its price (1.1 HKD).
Tat Hong Equipment Service Co Ltd stock (0.75 HKD) is 32% less than its price (1.1 HKD). Open DCF Valuation
Tat Hong Equipment Service Co Ltd stock (0.89 HKD) is 19% less than its price (1.1 HKD). Open Relative Valuation
Tat Hong Equipment Service Co Ltd.
Tat Hong Equipment Service Co Ltd has positive Operating Income for the last twelve months.
Tat Hong Equipment Service Co Ltd's ROIC (Return on Invested Capital) has decreased in the last 3 years from 6% to 1%.
Tat Hong Equipment Service Co Ltd's ROE (Return on Equity) has decreased in the last 3 years from 7% to -1%.
Tat Hong Equipment Service Co Ltd's Revenue has dropped by 12% over the past 12 months.
Tat Hong Equipment Service Co Ltd's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 1%.
Tat Hong Equipment Service Co Ltd has negative Net Income for the last twelve months.
Tat Hong Equipment Service Co Ltd's ROE (Return on Equity) for the past 12 months is negative and is equal to -1%.
Tat Hong Equipment Service Co Ltd's short-term assets (1B CNY) exceed its short-term liabilties (910m CNY).
Tat Hong Equipment Service Co Ltd has positive Gross Profit for the last twelve months.
Tat Hong Equipment Service Co Ltd has a very low three-year average ROIC (Return on Invested Capital): 3%. The company is not efficient at using invested capital to generate operating income.
Tat Hong Equipment Service Co Ltd has a very low three-year average ROE (Return on Equity): 2%. The company is not efficient at transforming stockholders' equity into net income.
Tat Hong Equipment Service Co Ltd's long-term assets (3B CNY) exceed its long-term liabilties (2B CNY).
Tat Hong Equipment Service Co Ltd has positive Net Debt. This means that the company has more debt (709m CNY) than cash and short-term investments (172m CNY).
Tat Hong Equipment Service Co Ltd's D/E (Debt to Equity) is very low and is equal to 0.47.
Tat Hong Equipment Service Co Ltd has negative Free Cash Flow for the last twelve months.
Tat Hong Equipment Service Co Ltd's Altman Z-Score is very low and is equal to 1.2.
Tat Hong Equipment Service Co Ltd doesn't generate enough operating income (36m CNY) to safely cover interest payments on its debt (51m CNY).
Valuation Backtest
Tat Hong Equipment Service Co Ltd
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Tat Hong Equipment Service Co Ltd
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Fundamental Analysis
Tat Hong Equipment Service Co Ltd
Balance Sheet Decomposition
Tat Hong Equipment Service Co Ltd
| Current Assets | 1.4B |
| Cash & Short-Term Investments | 171.9m |
| Receivables | 1B |
| Other Current Assets | 176.9m |
| Non-Current Assets | 1.8B |
| PP&E | 1.7B |
| Intangibles | 18.9m |
| Other Non-Current Assets | 94.9m |
| Current Liabilities | 910.1m |
| Accounts Payable | 355.8m |
| Other Current Liabilities | 554.2m |
| Non-Current Liabilities | 798.2m |
| Long-Term Debt | 708.9m |
| Other Non-Current Liabilities | 89.3m |
Earnings Waterfall
Tat Hong Equipment Service Co Ltd
|
Revenue
|
742m
CNY
|
|
Cost of Revenue
|
-580.5m
CNY
|
|
Gross Profit
|
161.5m
CNY
|
|
Operating Expenses
|
-125.7m
CNY
|
|
Operating Income
|
35.8m
CNY
|
|
Other Expenses
|
-50.1m
CNY
|
|
Net Income
|
-14.4m
CNY
|
Free Cash Flow Analysis
Tat Hong Equipment Service Co Ltd
Profitability Score
Profitability Due Diligence
Tat Hong Equipment Service Co Ltd's profitability score is 38/100. The higher the profitability score, the more profitable the company is.
Score
Tat Hong Equipment Service Co Ltd's profitability score is 38/100. The higher the profitability score, the more profitable the company is.
Solvency Score
Solvency Due Diligence
Tat Hong Equipment Service Co Ltd's solvency score is 37/100. The higher the solvency score, the more solvent the company is.
Score
Tat Hong Equipment Service Co Ltd's solvency score is 37/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
Price Targets Summary
Tat Hong Equipment Service Co Ltd
Shareholder Return
Price
Tat Hong Equipment Service Co Ltd
| Average Annual Return | -7.04% |
| Standard Deviation of Annual Returns | 23.14% |
| Max Drawdown | -45% |
| Market Capitalization | 1.3B HKD |
| Shares Outstanding | 1 166 871 250 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Tat Hong Equipment Service Co Ltd
Country
Industry
Market Cap
Dividend Yield
Description
TAT Hong Equipment Service Co., Ltd. is an investment holding company, which engages in the provision of tower crane solution services. The company is headquartered in Shanghai, Shanghai and currently employs 1,180 full-time employees. The company went IPO on 2021-01-13. The firm is mainly engaged in providing one-stop tower crane solution services including consultation, technical design, commissioning, construction to after-sales services to Chinese Special-tier and Tier-1 Engineering Procurement Construction (EPC) contractors. The firm's service projects are mainly concentrated in the infrastructure, energy, commercial and residential industries. The firm mainly conducts business within the domestic market.
Contact
IPO
Employees
Officers
The intrinsic value of one
Tat Hong Equipment Service Co Ltd
stock under the Base Case scenario is
0.82
HKD.
Compared to the current market price of 1.1 HKD,
Tat Hong Equipment Service Co Ltd
is
Overvalued by 25%.
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