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Tianjin Capital Environmental Protection Group

DB:TIA
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TIA
DB
CN¥9B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Tianjin Capital Environmental Protection Group Company Limited, together with its subsidiaries, engages in the sewage treatment and construction of the sewage treatment plants in the People’s Republic of China. The last earnings update was 6 days ago. More info.


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TIA Share Price and Events
7 Day Returns
3.6%
DB:TIA
5.4%
DE Commercial Services
9.9%
DE Market
1 Year Returns
-23.9%
DB:TIA
-31.6%
DE Commercial Services
-17.5%
DE Market
TIA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tianjin Capital Environmental Protection Group (TIA) 3.6% 1.4% -11.2% -23.9% -48% -72.8%
DE Commercial Services 5.4% -21.4% -33.5% -31.6% -33.3% -43.3%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • TIA outperformed the Commercial Services industry which returned -31.6% over the past year.
  • TIA underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
TIA
Industry
5yr Volatility vs Market

Value

 Is Tianjin Capital Environmental Protection Group 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 Tianjin Capital Environmental Protection Group 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 Tianjin Capital Environmental Protection Group.

DB:TIA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in CNY CN¥ .106000
Payout Ratio Company Filings (2019-12-31) 4973.9%
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:TIA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.607 (1 + (1- 25%) (68.77%))
0.946
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.946 * 6.33%)
5.6%

Discounted Cash Flow Calculation for DB:TIA using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Tianjin Capital Environmental Protection Group is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:TIA Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CN¥0.11 / (5.6% - -0.39%)
CN¥0
DB:TIA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TIA represents 0.04x of SHSE:600874
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.04x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CNY) x Listing Adjustment Factor
= CN¥ 1.77 x 0.04
€0.07
Value per share (EUR) From above. €0.07
Current discount Discount to share price of €0.29
= -1 x (€0.29 - €0.07) / €0.07
-304%

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

  • The current share price of Tianjin Capital Environmental Protection Group 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 Tianjin Capital Environmental Protection Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tianjin Capital Environmental Protection Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TIA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.36
SHSE:600874 Share Price ** SHSE (2020-03-31) in CNY CN¥7.15
Germany Commercial Services Industry PE Ratio Median Figure of 6 Publicly-Listed Commercial Services Companies 95.54x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of Tianjin Capital Environmental Protection Group.

DB:TIA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:600874 Share Price ÷ EPS (both in CNY)

= 7.15 ÷ 0.36

19.86x

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

  • Tianjin Capital Environmental Protection Group is good value based on earnings compared to the DE Commercial Services industry average.
  • Tianjin Capital Environmental Protection Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Tianjin Capital Environmental Protection Group's expected growth come at a high price?
Raw Data
DB:TIA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Commercial Services Industry PEG Ratio Median Figure of 50 Publicly-Listed Commercial Services Companies 1.06x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Tianjin Capital Environmental Protection Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tianjin Capital Environmental Protection Group's assets?
Raw Data
DB:TIA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥4.65
SHSE:600874 Share Price * SHSE (2020-03-31) in CNY CN¥7.15
Germany Commercial Services Industry PB Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.48x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:TIA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:600874 Share Price ÷ Book Value per Share (both in CNY)

= 7.15 ÷ 4.65

1.54x

* Primary Listing of Tianjin Capital Environmental Protection Group.

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

  • Tianjin Capital Environmental Protection Group is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Tianjin Capital Environmental Protection Group'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. Tianjin Capital Environmental Protection Group 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 Tianjin Capital Environmental Protection Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tianjin Capital Environmental Protection Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
22%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tianjin Capital Environmental Protection Group expected to grow at an attractive rate?
  • Unable to compare Tianjin Capital Environmental Protection Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tianjin Capital Environmental Protection Group's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Tianjin Capital Environmental Protection Group's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:TIA Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 22%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:TIA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TIA Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:TIA Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 2,851 885 507
2019-09-30 2,658 962 472
2019-06-30 2,564 1,126 437
2019-03-31 2,547 1,019 485
2018-12-31 2,448 734 501
2018-09-30 2,329 1,849 515
2018-06-30 2,270 1,653 536
2018-03-31 2,153 1,473 498
2017-12-31 2,148 1,639 508
2017-09-30 2,026 465 487
2017-06-30 2,018 482 462
2017-03-31 1,992 549 466

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Tianjin Capital Environmental Protection Group is high growth as no earnings estimate data is available.
  • Unable to determine if Tianjin Capital Environmental Protection Group is high growth as no revenue estimate data is available.
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
DB:TIA 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 0 Analyst Estimates (S&P Global) See Below

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

DB:TIA Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:TIA Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.36
2019-09-30 0.33
2019-06-30 0.30
2019-03-31 0.34
2018-12-31 0.35
2018-09-30 0.36
2018-06-30 0.38
2018-03-31 0.35
2017-12-31 0.36
2017-09-30 0.34
2017-06-30 0.32
2017-03-31 0.33

*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.
  • Unable to establish if Tianjin Capital Environmental Protection Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of TIA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Tianjin Capital Environmental Protection Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Tianjin Capital Environmental Protection Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Tianjin Capital Environmental Protection Group'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Tianjin Capital Environmental Protection Group has a total score of 0/6, 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 Tianjin Capital Environmental Protection Group 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 Tianjin Capital Environmental Protection Group'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.
  • Tianjin Capital Environmental Protection Group's year on year earnings growth rate has been positive over the past 5 years.
  • Tianjin Capital Environmental Protection Group's 1-year earnings growth is less than its 5-year average (1.2% vs 9.3%)
  • Tianjin Capital Environmental Protection Group's earnings growth has not exceeded the Europe Commercial Services industry average in the past year (1.2% vs 10.4%).
Earnings and Revenue History
Tianjin Capital Environmental Protection Group'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 Tianjin Capital Environmental Protection Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TIA 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 2,851.45 507.11 175.74 17.93
2019-09-30 2,657.72 471.68 168.39 8.70
2019-06-30 2,564.43 437.11 158.43 8.66
2019-03-31 2,547.21 485.08 153.77 9.03
2018-12-31 2,447.52 501.17 146.00 10.44
2018-09-30 2,329.01 515.31 143.88 15.45
2018-06-30 2,269.50 535.76 156.85 13.52
2018-03-31 2,153.21 498.48 148.24 11.43
2017-12-31 2,148.34 508.25 156.79 8.47
2017-09-30 2,026.09 486.51 150.63
2017-06-30 2,017.74 461.54 138.50
2017-03-31 1,991.90 466.48 142.13
2016-12-31 1,958.67 443.17 137.65
2016-09-30 1,926.24 370.48 111.29
2016-06-30 1,903.79 385.79 111.34
2016-03-31 1,939.89 355.30 105.55
2015-12-31 1,934.21 330.54 105.83
2015-09-30 1,987.94 380.56 103.70
2015-06-30 1,924.29 345.65 102.64
2015-03-31 1,880.07 319.74 102.56
2014-12-31 1,828.08 308.17 102.66
2014-09-30 1,784.62 325.30 113.26
2014-06-30 1,760.28 309.69 115.08
2014-03-31 1,725.45 287.37 116.02
2013-12-31 1,749.86 281.90 115.45
2013-09-30 1,750.60 282.78 100.88
2013-06-30 1,723.58 270.19 100.26

*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.
  • Tianjin Capital Environmental Protection Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tianjin Capital Environmental Protection Group used its assets more efficiently than the DE Commercial Services industry average last year based on Return on Assets.
  • Tianjin Capital Environmental Protection Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tianjin Capital Environmental Protection Group'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.
Tianjin Capital Environmental Protection Group has a total score of 2/6, 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 Tianjin Capital Environmental Protection Group'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 Tianjin Capital Environmental Protection Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tianjin Capital Environmental Protection Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tianjin Capital Environmental Protection Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tianjin Capital Environmental Protection Group'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.
  • Debt is not covered by short term assets, assets are 0.8x 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 Tianjin Capital Environmental Protection Group Company Filings, last reported 3 months ago.

DB:TIA Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 7,142.19 5,856.70 2,079.61
2019-09-30 7,005.37 5,513.57 1,658.60
2019-06-30 6,823.61 5,310.15 2,040.68
2019-03-31 6,569.24 4,980.23 1,749.34
2018-12-31 6,614.97 4,558.05 1,826.20
2018-09-30 6,420.98 4,109.25 1,946.86
2018-06-30 6,266.72 4,084.37 2,293.08
2018-03-31 6,021.55 3,638.09 1,854.78
2017-12-31 5,413.78 2,913.84 1,905.68
2017-09-30 5,300.96 2,852.40 1,335.17
2017-06-30 5,137.65 2,898.25 1,515.42
2017-03-31 4,992.90 2,474.83 1,196.97
2016-12-31 5,003.82 2,406.82 1,199.06
2016-09-30 4,895.47 2,462.59 1,543.77
2016-06-30 4,757.00 2,507.26 1,315.86
2016-03-31 4,617.68 2,532.25 1,140.03
2015-12-31 4,618.75 2,550.43 1,349.88
2015-09-30 4,578.24 2,604.37 1,430.41
2015-06-30 4,425.64 3,141.33 1,985.25
2015-03-31 4,312.39 3,611.68 1,205.86
2014-12-31 4,337.98 3,581.13 820.09
2014-09-30 4,282.01 3,415.41 852.57
2014-06-30 4,167.70 3,559.69 1,060.84
2014-03-31 4,080.50 3,649.93 642.84
2013-12-31 4,134.54 3,781.43 1,002.25
2013-09-30 4,063.29 3,160.49 1,008.51
2013-06-30 3,968.36 4,083.01 1,229.93
  • Tianjin Capital Environmental Protection Group's level of debt (82%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (82.6% vs 82% today).
  • Debt is not well covered by operating cash flow (15.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.6x coverage).
X
Financial health checks
We assess Tianjin Capital Environmental Protection Group'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. Tianjin Capital Environmental Protection Group 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.

Dividends

 What is Tianjin Capital Environmental Protection Group'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
1.48%
Current annual income from Tianjin Capital Environmental Protection Group dividends.
If you bought €2,000 of Tianjin Capital Environmental Protection Group shares you are expected to receive €30 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?
  • Tianjin Capital Environmental Protection Group's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Tianjin Capital Environmental Protection Group's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
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
DB:TIA 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 0 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:TIA Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
DB:TIA Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-07-03 0.106 1.458
2018-10-24 0.000 0.000
2018-08-28 0.000 0.000
2018-04-24 0.000 0.000
2018-03-27 0.000 0.000
2017-05-18 0.095 0.622
2016-04-07 0.070 0.805
2015-04-02 0.070 0.666
2014-04-17 0.080 0.882
2013-04-24 0.060 0.714
2012-06-27 0.040 0.741
2011-05-16 0.110 1.878
2010-03-29 0.080 1.168
2009-10-22 0.040 0.540
2009-04-29 0.040 0.627

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 Tianjin Capital Environmental Protection Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tianjin Capital Environmental Protection Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Tianjin Capital Environmental Protection Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tianjin Capital Environmental Protection Group has a total score of 2/6, 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 Tianjin Capital Environmental Protection Group'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
Fusheng Tang
COMPENSATION CN¥836,000
AGE 46
TENURE AS CEO 3.3 years
CEO Bio

Mr. Fusheng Tang has been General Manager of Tianjin Capital Environmental Protection Group Company Limited since January 26, 2017. Mr. Tang served as Deputy General Manager of Tianjin Capital Environmental Protection Group Company Limited from March 25, 2010 to February 16, 2015. Mr. Tang served as general manager of the energy and resources business division of Tianjin Capital Environmental Protection Group Company Limited from December 2010 to February 16, 2015. Mr. Tang served as the head, deputy general manager and general manager of the development department of Tianjin Water Recycling Company Limited from August 2001 to December 2009. He serves as the chairman and general manager of Water Recycling Company since December 2009. He served as the assistant to general manager of the Company from April 2009 to March 2010. He was Executive Director of Tianjin Capital Environmental Protection Group Company Limited since March 14, 2017.

CEO Compensation
  • Fusheng's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Fusheng's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Tianjin Capital Environmental Protection Group management team in years:

6.7
Average Tenure
48
Average Age
  • The average tenure for the Tianjin Capital Environmental Protection Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Yujun Liu

TITLE
Chairman of the Board
COMPENSATION
CN¥877K
AGE
53

Fusheng Tang

TITLE
General Manager
COMPENSATION
CN¥836K
AGE
46
TENURE
3.3 yrs

Yilin Peng

TITLE
Chief Accountant & Assistant GM
COMPENSATION
CN¥742K
AGE
38
TENURE
4.3 yrs

Yana Fu

TITLE
Deputy GM & Manager of the Human Resources Department
COMPENSATION
CN¥724K
AGE
48
TENURE
9.4 yrs

Jing Wang

TITLE
Executive Director
COMPENSATION
CN¥30K
AGE
48

Bo Niu

TITLE
Deputy Chief Economist
COMPENSATION
CN¥25K
AGE
42
TENURE
4.3 yrs

Lipin Qi

TITLE
Chief Economist and Manager of Investment & Management Department
COMPENSATION
CN¥667K
AGE
42
TENURE
10.3 yrs

Hongyan Lu

TITLE
Chairwoman of Supervisory Committee & General Counsel
AGE
49
TENURE
4.3 yrs

Qiang Zhang

TITLE
Deputy General Manager
COMPENSATION
CN¥722K
AGE
56
TENURE
11.1 yrs

Yang Li

TITLE
Deputy GM & General Manager of Northwest Region
COMPENSATION
CN¥556K
AGE
50
TENURE
9.2 yrs
Board of Directors Tenure

Average tenure and age of the Tianjin Capital Environmental Protection Group board of directors in years:

3.1
Average Tenure
49
Average Age
  • The tenure for the Tianjin Capital Environmental Protection Group board of directors is about average.
Board of Directors

Yujun Liu

TITLE
Chairman of the Board
COMPENSATION
CN¥877K
AGE
53
TENURE
5.1 yrs

Jing Wang

TITLE
Executive Director
COMPENSATION
CN¥30K
AGE
48
TENURE
1.3 yrs

Bo Niu

TITLE
Deputy Chief Economist
COMPENSATION
CN¥25K
AGE
42
TENURE
1.3 yrs

Hongyan Lu

TITLE
Chairwoman of Supervisory Committee & General Counsel
AGE
49
TENURE
1.3 yrs

Baolan Wu

TITLE
Head of the Party-Masses Department & Supervisor
COMPENSATION
CN¥268K
AGE
52
TENURE
8.7 yrs

XiaoFeng Di

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥8K
AGE
58
TENURE
1.3 yrs

Yongqing Guo

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥220K
AGE
45
TENURE
4.3 yrs

Xiangfei Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥220K
AGE
68
TENURE
4.3 yrs

Jing Niu

TITLE
Manager of Legal & Audit Department and Supervisor
AGE
49
TENURE
4.3 yrs

Zhongpeng Yu

TITLE
Non-Executive Director
AGE
40
TENURE
1.9 yrs
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 (€) Value (€)
24. Mar 20 Sell UBS Asset Management Company 19. Mar 20 19. Mar 20 -344,000 €0.28 €-94,875
X
Management checks
We assess Tianjin Capital Environmental Protection Group'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. Tianjin Capital Environmental Protection Group 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

Tianjin Capital Environmental Protection Group Company Limited, together with its subsidiaries, engages in the sewage treatment and construction of the sewage treatment plants in the People’s Republic of China. The company operates through Processing of Sewage Water; Recycled Water; Pipeline Connection; Heating and Cooling Service; Sales of Tap Water; Sale of Environmental Protection Equipment; and All Other segments. It also provides toll collection and engineering consulting services; environment governance, technical consulting services, etc.; drain off for urban area; technical consulting for water recycling business; and energy saving and research, consulting and transfer, and property management services, as well as invests in construction projects. The company was founded in 1993 and is based in Tianjin, the People’s Republic of China. Tianjin Capital Environmental Protection Group Company Limited is a subsidiary of Tianjin Municipal Investment Company Limited.

Details
Name: Tianjin Capital Environmental Protection Group Company Limited
TIA
Exchange: DB
Founded: 1993
CN¥1,094,275,692
1,427,228,430
Website: http://www.tjcep.com
Address: Tianjin Capital Environmental Protection Group Company Limited
TCEP Building,
76 Weijin South Road,
Tianjin,
300381,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 600874 Domestic Shares Shanghai Stock Exchange CN CNY 31. Jul 1996
XSSC 600874 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 31. Jul 1996
SEHK 1065 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 27. Jun 1994
OTCPK TNJI.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 27. Jun 1994
DB TIA Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 27. Jun 1994
SHSC 1065 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 27. Jun 1994
SZSC 1065 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 27. Jun 1994
Number of employees
Current staff
Staff numbers
1,739
Tianjin Capital Environmental Protection Group employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 01:06
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2020/03/26
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.