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Tungkong

XSEC:002117
Snowflake Description

Average dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
002117
XSEC
CN¥6B
Market Cap
  1. Home
  2. CN
  3. Commercial Services
Company description

Tungkong Inc., together with its subsidiaries, provides printing media services in the People's Republic of China. The last earnings update was 39 days ago. More info.


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  • Tungkong has significant price volatility in the past 3 months.
002117 Share Price and Events
7 Day Returns
-0.6%
XSEC:002117
-1.6%
CN Commercial Services
-0.1%
CN Market
1 Year Returns
-23.7%
XSEC:002117
-18.3%
CN Commercial Services
-9.3%
CN Market
002117 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tungkong (002117) -0.6% -23.1% -18% -23.7% -45.3% -
CN Commercial Services -1.6% -11% -1.3% -18.3% -47.8% -48.2%
CN Market -0.1% -10.6% -6.3% -9.3% -16.2% -26.5%
1 Year Return vs Industry and Market
  • 002117 underperformed the Commercial Services industry which returned -18.3% over the past year.
  • 002117 underperformed the Market in China which returned -9.3% over the past year.
Price Volatility
002117
Industry
5yr Volatility vs Market

002117 Value

 Is Tungkong 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 Tungkong 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

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

XSEC:002117 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year CN Government Bond Rate 3.2%

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 XSEC:002117
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.588 (1 + (1- 25%) (0%))
0.724
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (0.8 * 6.33%)
8.26%

Discounted Cash Flow Calculation for XSEC:002117 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tungkong 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

XSEC:002117 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.26%)
2020 233.81 Est @ 15.15% 215.96
2021 260.86 Est @ 11.57% 222.56
2022 284.49 Est @ 9.06% 224.19
2023 305.26 Est @ 7.3% 222.19
2024 323.79 Est @ 6.07% 217.69
2025 340.66 Est @ 5.21% 211.55
2026 356.35 Est @ 4.61% 204.40
2027 371.26 Est @ 4.18% 196.70
2028 385.70 Est @ 3.89% 188.75
2029 399.90 Est @ 3.68% 180.76
Present value of next 10 years cash flows CN¥2,084.00
XSEC:002117 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥399.90 × (1 + 3.2%) ÷ (8.26% – 3.2%)
CN¥8,149.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥8,149.63 ÷ (1 + 8.26%)10
CN¥3,683.81
XSEC:002117 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥2,084.00 + CN¥3,683.81
CN¥5,767.81
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥5,767.81 / 545.67
CN¥10.57
XSEC:002117 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥10.57
Current discount Discount to share price of CN¥10.85
= -1 x (CN¥10.85 - CN¥10.57) / CN¥10.57
-2.6%

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

  • The current share price of Tungkong is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Tungkong's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tungkong's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSEC:002117 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.49
SZSE:002117 Share Price ** SZSE (2020-04-03) in CNY CN¥10.85
China Commercial Services Industry PE Ratio Median Figure of 59 Publicly-Listed Commercial Services Companies 28.92x
China Market PE Ratio Median Figure of 3,197 Publicly-Listed Companies 32.34x

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

** Primary Listing of Tungkong.

XSEC:002117 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SZSE:002117 Share Price ÷ EPS (both in CNY)

= 10.85 ÷ 0.49

22.14x

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

  • Tungkong is good value based on earnings compared to the CN Commercial Services industry average.
  • Tungkong is good value based on earnings compared to the China market.
Price based on expected Growth
Does Tungkong's expected growth come at a high price?
Raw Data
XSEC:002117 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
18%per year
China Commercial Services Industry PEG Ratio Median Figure of 21 Publicly-Listed Commercial Services Companies 1.14x
China Market PEG Ratio Median Figure of 1,273 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

XSEC:002117 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.14x ÷ 18%

1.23x

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

  • Tungkong is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Tungkong's assets?
Raw Data
XSEC:002117 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥2.89
SZSE:002117 Share Price * SZSE (2020-04-03) in CNY CN¥10.85
China Commercial Services Industry PB Ratio Median Figure of 66 Publicly-Listed Commercial Services Companies 2.06x
China Market PB Ratio Median Figure of 3,691 Publicly-Listed Companies 2.26x
XSEC:002117 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SZSE:002117 Share Price ÷ Book Value per Share (both in CNY)

= 10.85 ÷ 2.89

3.75x

* Primary Listing of Tungkong.

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

  • Tungkong is overvalued based on assets compared to the CN Commercial Services industry average.
X
Value checks
We assess Tungkong'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Tungkong 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.

002117 Future Performance

 How is Tungkong expected to perform in the next 1 to 3 years based on estimates from 3 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
18%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tungkong expected to grow at an attractive rate?
  • Tungkong's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Tungkong's earnings growth is positive but not above the China market average.
  • Tungkong's revenue growth is positive but not above the China market average.
Annual Growth Rates Comparison
Raw Data
XSEC:002117 Future Growth Rates Data Sources
Data Point Source Value (per year)
XSEC:002117 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 18%
XSEC:002117 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.2%
China Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 29.7%
China Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 20.3%
China Market Earnings Growth Rate Market Cap Weighted Average 20.9%
China Market Revenue Growth Rate Market Cap Weighted Average 15.8%

*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
XSEC:002117 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XSEC:002117 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,695 414 376 2
2020-12-31 1,582 344 296 2
2020-04-06
XSEC:002117 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 1,500 267
2019-09-30 1,547 331 267
2019-06-30 1,557 309 267
2019-03-31 1,579 345 267
2018-12-31 1,546 316 257
2018-09-30 1,551 247 262
2018-06-30 1,546 329 265
2018-03-31 1,474 289 249
2017-12-31 1,430 326 232
2017-09-30 1,530 310 236
2017-06-30 1,516 199 222
2017-03-31 1,491 212 215

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tungkong's earnings are expected to grow by 18% yearly, however this is not considered high growth (20% yearly).
  • Tungkong's revenue is expected to grow by 6.2% 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
XSEC:002117 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Tungkong Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:002117 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.83 1.30 0.56 3.00
2020-12-31 0.55 0.57 0.52 2.00
2020-04-06
XSEC:002117 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.49
2019-09-30 0.49
2019-06-30 0.49
2019-03-31 0.49
2018-12-31 0.47
2018-09-30 0.48
2018-06-30 0.48
2018-03-31 0.46
2017-12-31 0.43
2017-09-30 0.43
2017-06-30 0.41
2017-03-31 0.39

*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.
  • Tungkong is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tungkong'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 China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the China 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.
Tungkong has a total score of 1/6, 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.

002117 Past Performance

  How has Tungkong performed over the past 5 years?

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 Tungkong's growth in the last year to its industry (Commercial Services).
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.
  • Tungkong's year on year earnings growth rate has been positive over the past 5 years.
  • Tungkong's 1-year earnings growth is less than its 5-year average (3.9% vs 8.6%)
  • Tungkong's earnings growth has not exceeded the CN Commercial Services industry average in the past year (3.9% vs 11.6%).
Earnings and Revenue History
Tungkong'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 Tungkong Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:002117 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,500.45 266.72
2019-09-30 1,546.57 266.94 218.72 87.39
2019-06-30 1,557.47 266.83 224.05 87.30
2019-03-31 1,578.89 267.35 221.24 89.02
2018-12-31 1,545.65 256.77 218.95 91.37
2018-09-30 1,551.10 261.55 229.44 90.92
2018-06-30 1,546.42 264.51 187.30 131.00
2018-03-31 1,474.15 249.48 210.66 106.88
2017-12-31 1,429.50 232.11 227.25 85.99
2017-09-30 1,529.72 236.43 270.24 61.58
2017-06-30 1,515.94 221.72 352.69
2017-03-31 1,491.08 214.69 338.86
2016-12-31 1,491.36 219.14 332.26
2016-09-30 1,369.68 217.78 294.25
2016-06-30 1,323.94 221.40 264.40
2016-03-31 1,288.91 218.90 259.78
2015-12-31 1,256.25 216.22 247.57
2015-09-30 1,175.67 196.62 246.46
2015-06-30 1,148.26 181.55 240.98
2015-03-31 1,153.30 172.62 246.46
2014-12-31 1,110.88 168.83 236.12
2014-09-30 1,026.97 151.62 215.42
2014-06-30 1,023.97 142.85 209.07
2014-03-31 974.41 140.08 202.38
2013-12-31 926.70 130.04 191.56
2013-09-30 944.07 120.45 193.74
2013-06-30 912.09 114.12 206.65

*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.
  • Tungkong has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tungkong used its assets more efficiently than the CN Commercial Services industry average last year based on Return on Assets.
  • Tungkong has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tungkong'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 Commercial Services 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.
Tungkong has a total score of 3/6, 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.

002117 Health

 How is Tungkong'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 Tungkong's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tungkong is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tungkong's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tungkong'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are -12632507.3x debt.
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 Tungkong Company Filings, last reported 3 months ago.

XSEC:002117 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,580.01 0.00 80.39
2019-09-30 1,580.01 0.00 80.39
2019-06-30 1,516.26 0.00 439.31
2019-03-31 1,699.08 0.00 64.97
2018-12-31 1,627.61 0.00 813.81
2018-09-30 1,565.84 0.00 358.74
2018-06-30 1,504.96 0.00 492.36
2018-03-31 1,578.28 0.00 152.60
2017-12-31 1,518.13 0.00 790.49
2017-09-30 1,452.68 0.00 166.19
2017-06-30 1,573.46 0.00 609.11
2017-03-31 1,637.12 0.00 168.93
2016-12-31 1,592.28 0.00 859.73
2016-09-30 1,520.78 0.00 175.29
2016-06-30 1,465.72 0.00 607.71
2016-03-31 1,522.59 0.00 159.09
2015-12-31 1,490.22 0.00 832.60
2015-09-30 1,412.05 0.00 110.06
2015-06-30 1,350.19 0.00 523.25
2015-03-31 1,403.25 0.00 95.49
2014-12-31 1,365.07 0.00 749.03
2014-09-30 1,319.85 0.00 164.01
2014-06-30 1,264.78 0.00 435.65
2014-03-31 1,218.20 0.00 138.70
2013-12-31 1,246.94 0.00 563.82
2013-09-30 1,210.81 0.00 167.46
2013-06-30 1,174.63 0.00 364.16
  • Unable to establish if Tungkong's level of debt is high without past debt data.
  • Unable to establish if Tungkong's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Tungkong has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Tungkong'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. Tungkong has a total score of 3/6, 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.

002117 Dividends

 What is Tungkong'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
4.3%
Current annual income from Tungkong dividends. Estimated to be 2.49% next year.
If you bought CN¥2,000 of Tungkong shares you are expected to receive CN¥86 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?
  • Tungkong's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.46%).
  • Tungkong's dividend is above the markets top 25% of dividend payers in China (2.03%).
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
XSEC:002117 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 3 Analyst Estimates (S&P Global) See Below
China Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 46 Stocks 1.1%
China Market Average Dividend Yield Market Cap Weighted Average of 2588 Stocks 1.9%
China Minimum Threshold Dividend Yield 10th Percentile 0.2%
China Bottom 25% Dividend Yield 25th Percentile 0.5%
China Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

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

XSEC:002117 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.28 1.00
2020-12-31 0.26 1.00
2020-04-06
XSEC:002117 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-12 0.467 4.007
2018-04-10 0.267 2.720
2017-05-18 0.200 1.456
2016-03-15 0.200 1.008
2015-04-14 0.200 0.882
2014-03-03 0.111 0.894
2013-02-28 0.093 1.614
2012-08-24 0.093 2.731
2012-07-27 0.093 3.031
2011-05-20 0.046 1.116
2010-02-03 0.069 1.277

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Tungkong's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Tungkong's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - 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 Tungkong afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tungkong 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.

002117 Management

 What is the CEO of Tungkong'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
JianZhong Shi
COMPENSATION CN¥921,067
AGE 56
TENURE AS CEO 17.3 years
CEO Bio

Mr. JianZhong Shi has been General Manager of Tung Kong Security Printing Co., Ltd. since December 2002. Mr. Shi served as General Manager of Shandong Tungkong Security Printing Co., Ltd. He served as Chairman of Beijing Zhong Jia Hua Investment Consulting Co., Ltd., Shanghai Tungkong Printing Co., Ltd., Shanghai Tungkong Data Processing Co., Ltd. Mr. Shi served as Chairman of Beijing Tungkong Security Printing Co., Ltd., Vice Chairman of Zhengzhou Tungkong Security Printing Co., Ltd. He has been Non Independent Director of Tung Kong Security Printing Co., Ltd. since December 2002. He served as Director of Xinjiang Tungkong Security Printing Co., Ltd., Beijing Tungkong Jiahua Safety Information Technology Co., Ltd., Guangzhou Tungkong Security Printing Co., Ltd., Shandong Tungkong Security Printing Co., Ltd.

CEO Compensation
  • JianZhong's compensation has been consistent with company performance over the past year, both up more than 20%.
  • JianZhong's remuneration is lower than average for companies of similar size in China.
Management Team Tenure

Average tenure and age of the Tungkong management team in years:

14.1
Average Tenure
51
Average Age
  • The average tenure for the Tungkong management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

JianZhong Shi

TITLE
General Manager and Non Independent Director
COMPENSATION
CN¥921K
AGE
56
TENURE
17.3 yrs

Zheng Li

TITLE
Chief Finance Officer and Deputy General Manager
COMPENSATION
CN¥350K
AGE
51
TENURE
14.1 yrs

Guo Qi Tang

TITLE
Executive Vice President and Deputy General Manager
COMPENSATION
CN¥440K
AGE
51
TENURE
17.3 yrs

Zhen Zhu

TITLE
Deputy General Manager
COMPENSATION
CN¥372K
AGE
52
TENURE
14.1 yrs

Hong Liu

TITLE
Vice President
COMPENSATION
CN¥372K
AGE
51
TENURE
14.1 yrs

Li Guo Qi

TITLE
Deputy General Manager and Secretary of the Board of Directors
COMPENSATION
CN¥350K
AGE
49
Board of Directors

AiXian Wang

TITLE
Chairman
COMPENSATION
CN¥24K
AGE
73

JianZhong Shi

TITLE
General Manager and Non Independent Director
COMPENSATION
CN¥921K
AGE
56
TENURE
17.3 yrs

Hong Liu

TITLE
Vice President
COMPENSATION
CN¥372K
AGE
51

AnLong Li

TITLE
Chairman of the Supervisory Board
AGE
69

WenQing Xia

TITLE
Non Independent Director
AGE
48

Feng Shi

TITLE
Non Independent Director
AGE
67

JiYong Hao

TITLE
Independent Director
AGE
48

Gang Wan

TITLE
Independent Director
AGE
46

Bin Xu

TITLE
Independent Director
AGE
44

Bao Zheng Li

TITLE
Member of the Supervisory Board
COMPENSATION
CN¥12K
AGE
44
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CN¥) Value (CN¥)
X
Management checks
We assess Tungkong'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. Tungkong 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.

002117 News

Simply Wall St News

002117 Company Info

Description

Tungkong Inc., together with its subsidiaries, provides printing media services in the People's Republic of China. The company designs and prints bills and forms, including anti-counterfeiting forms and negotiable instruments for government, banking, insurance, finance, taxation, post, telecommunications, transportation, and civil affairs sectors; produces e-invoice, e-documents, and lottery products, as well as smart cards for financial, social security, health care, transportation, commercial retail, insurance, and other sectors; and offers color printing services. It also provides data processing services and office paper products; and prints RFID products, including tickets, paper (film) cards, PVC cards, electronic tickets, electric labels, library labels, logistics labels, clothing tags, aviation luggage receipts, CD labels, anti-counterfeiting wine labels, intercity train tickets, etc. In addition, the company prints anti-counterfeiting labels, smart labels, aviation labels, digital printing labels, and normal labels. Tungkong Inc. was founded in 1996 and is headquartered in Jinan, the People's Republic of China.

Details
Name: Tungkong Inc.
002117
Exchange: XSEC
Founded: 1996
CN¥5,920,480,667
545,666,421
Website: http://www.tungkong.com
Address: Tungkong Inc.
No. 23, Shanda North Road,
Jinan,
Shandong Province, 250100,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SZSE 002117 Domestic Shares Shenzhen Stock Exchange CN CNY 02. Mar 2007
XSEC 002117 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 02. Mar 2007
Number of employees
Current staff
Staff numbers
2,243
Tungkong employees.
Industry
Commercial Printing
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 16:56
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.