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Takung Art

DB:1QH
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1QH
DB
$5M
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Takung Art Co., Ltd., through its subsidiaries, operates an electronic online platform for artists, art dealers, and art investors to offer and trade in valuable artwork primarily in the People’s Republic of China. The last earnings update was 21 days ago. More info.


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  • Takung Art has significant price volatility in the past 3 months.
1QH Share Price and Events
7 Day Returns
-13.9%
DB:1QH
0.2%
DE Interactive Media and Services
-0.9%
DE Market
1 Year Returns
-31.7%
DB:1QH
39.8%
DE Interactive Media and Services
11.1%
DE Market
1QH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Takung Art (1QH) -13.9% -1.8% 12.7% -31.7% - -
DE Interactive Media and Services 0.2% 2% 6.2% 39.8% 63.1% -44.2%
DE Market -0.9% 0.4% 7.7% 11.1% 11.1% 16.9%
1 Year Return vs Industry and Market
  • 1QH underperformed the Interactive Media and Services industry which returned 39.8% over the past year.
  • 1QH underperformed the Market in Germany which returned 11.1% over the past year.
Price Volatility
1QH
Industry
5yr Volatility vs Market

Value

 Is Takung Art 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 Takung Art 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 Takung Art.

DB:1QH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 11.1%
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:1QH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Interactive Media and Services Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.038 (1 + (1- 25%) (166.82%))
1.895
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.895 * 6.07%)
11.11%

Discounted Cash Flow Calculation for DB:1QH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Takung Art 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.

DB:1QH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.11%)
2020 8.66 Est @ 39.4% 7.79
2021 11.04 Est @ 27.46% 8.94
2022 13.15 Est @ 19.11% 9.59
2023 14.89 Est @ 13.26% 9.77
2024 16.26 Est @ 9.16% 9.60
2025 17.28 Est @ 6.3% 9.18
2026 18.02 Est @ 4.29% 8.62
2027 18.54 Est @ 2.89% 7.98
2028 18.90 Est @ 1.9% 7.32
2029 19.13 Est @ 1.22% 6.67
Present value of next 10 years cash flows $85.00
DB:1QH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $19.13 × (1 + -0.39%) ÷ (11.11% – -0.39%)
$165.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $165.60 ÷ (1 + 11.11%)10
$57.72
DB:1QH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $85.00 + $57.72
$142.72
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $142.72 / 11.26
$12.68
DB:1QH Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:1QH represents 0.668x of AMEX:TKAT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.668x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 12.68 x 0.668
€8.47
Value per share (EUR) From above. €8.47
Current discount Discount to share price of €0.33
= -1 x (€0.33 - €8.47) / €8.47
96.1%

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

Current Discount
Amount off the current price Takung Art is available for.
Intrinsic value
>50%
Share price is €0.33 vs Future cash flow value of €8.47
Current Discount Checks
For Takung Art to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Takung Art's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Takung Art's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Takung Art's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Takung Art's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1QH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.63
AMEX:TKAT Share Price ** AMEX (2019-12-05) in USD $0.5
Germany Interactive Media and Services Industry PE Ratio Median Figure of 5 Publicly-Listed Interactive Media and Services Companies 30.27x
Germany Market PE Ratio Median Figure of 404 Publicly-Listed Companies 20.32x

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

** Primary Listing of Takung Art.

DB:1QH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:TKAT Share Price ÷ EPS (both in USD)

= 0.5 ÷ -0.63

-0.8x

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

  • Takung Art is loss making, we can't compare its value to the DE Interactive Media and Services industry average.
  • Takung Art is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Takung Art's expected growth come at a high price?
Raw Data
DB:1QH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Interactive Media and Services Industry PEG Ratio Median Figure of 13 Publicly-Listed Interactive Media and Services Companies 2.01x
Germany Market PEG Ratio Median Figure of 261 Publicly-Listed Companies 1.42x

*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 Takung Art, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Takung Art's assets?
Raw Data
DB:1QH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.67
AMEX:TKAT Share Price * AMEX (2019-12-05) in USD $0.5
Germany Interactive Media and Services Industry PB Ratio Median Figure of 5 Publicly-Listed Interactive Media and Services Companies 7.08x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.84x
DB:1QH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:TKAT Share Price ÷ Book Value per Share (both in USD)

= 0.5 ÷ 0.67

0.74x

* Primary Listing of Takung Art.

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

  • Takung Art is good value based on assets compared to the DE Interactive Media and Services industry average.
X
Value checks
We assess Takung Art'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 Interactive Media and 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 Interactive Media and Services industry average (and greater than 0)? (1 check)
  5. Takung Art has a total score of 3/6, 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 Takung Art 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 Takung Art 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
20.2%
Expected Interactive Media and Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Takung Art expected to grow at an attractive rate?
  • Unable to compare Takung Art's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Takung Art's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Takung Art's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:1QH Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Interactive Media and Services Industry Earnings Growth Rate Market Cap Weighted Average 20.2%
Europe Interactive Media and Services Industry Revenue Growth Rate Market Cap Weighted Average 10.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:1QH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1QH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:1QH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 3 6 -7
2019-06-30 2 4 -9
2019-03-31 5 -20 -9
2018-12-31 8 -23 -8
2018-09-30 11 -16 -6
2018-06-30 14 -4 -3
2018-03-31 13 5 -2
2017-12-31 13 1 -1
2017-09-30 15 -3 3
2017-06-30 18 0 5
2017-03-31 20 3 6
2016-12-31 19 5 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Takung Art is high growth as no earnings estimate data is available.
  • Unable to determine if Takung Art 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:1QH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Takung Art Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1QH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:1QH Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.63
2019-06-30 -0.78
2019-03-31 -0.78
2018-12-31 -0.68
2018-09-30 -0.51
2018-06-30 -0.25
2018-03-31 -0.14
2017-12-31 -0.10
2017-09-30 0.25
2017-06-30 0.49
2017-03-31 0.58
2016-12-31 0.60

*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 Takung Art will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Takung Art is trading at Takung Art'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Takung Art'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 Media companies here
  3. Takung Art'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 Takung Art'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Takung Art 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 Takung Art 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 Takung Art's growth in the last year to its industry (Interactive Media and 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.
  • Takung Art does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Takung Art's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Takung Art's 1-year growth to the DE Interactive Media and Services industry average as it is not currently profitable.
Earnings and Revenue History
Takung Art'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 Takung Art Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1QH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2.59 -7.05 6.86
2019-06-30 1.83 -8.81 7.94
2019-03-31 5.06 -8.76 10.00
2018-12-31 8.50 -7.63 11.83
2018-09-30 10.57 -5.66 12.93
2018-06-30 13.56 -2.84 13.75
2018-03-31 12.63 -1.51 13.39
2017-12-31 12.92 -1.06 13.21
2017-09-30 15.47 2.76 10.92
2017-06-30 17.86 5.28 10.19
2017-03-31 19.63 6.15 10.12
2016-12-31 19.14 6.37 9.41
2016-09-30 20.63 8.39 8.61
2016-06-30 17.60 7.08 7.21
2016-03-31 13.85 6.04 5.39
2015-12-31 11.34 5.44 3.66
2015-09-30 7.20 2.12 3.76
2015-06-30 5.42 1.29 3.18
2015-03-31 4.95 1.25 2.85
2014-12-31 4.72 1.37 2.61
2014-09-30 2.79 1.10 1.03
2014-06-30 1.87 0.67 0.73
2014-03-31 1.40 0.62 0.43
2013-12-31 0.36 0.00 0.21

*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.
  • It is difficult to establish if Takung Art has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Takung Art has efficiently used its assets last year compared to the DE Interactive Media and Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Takung Art improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Takung Art'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 Interactive Media and 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.
Takung Art has a total score of 0/6, 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 Takung Art'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 Takung Art's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Takung Art is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Takung Art's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Takung Art'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 covered by short term assets, assets are 3.8x 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 Takung Art Company Filings, last reported 2 months ago.

DB:1QH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 7.59 8.19 6.10
2019-06-30 8.72 6.40 7.46
2019-03-31 9.77 6.37 7.75
2018-12-31 10.47 8.88 8.22
2018-09-30 14.43 10.34 9.29
2018-06-30 17.26 13.60 10.33
2018-03-31 18.40 7.08 12.81
2017-12-31 17.92 7.69 11.88
2017-09-30 19.87 7.46 14.89
2017-06-30 19.46 7.27 15.55
2017-03-31 18.88 7.38 15.46
2016-12-31 17.63 7.34 13.40
2016-09-30 16.81 5.86 17.14
2016-06-30 14.16 0.00 13.96
2016-03-31 12.83 0.00 11.87
2015-12-31 11.28 0.00 10.84
2015-09-30 5.85 0.00 4.78
2015-06-30 3.14 0.00 2.41
2015-03-31 2.54 0.00 2.28
2014-12-31 2.05 0.00 2.36
2014-09-30 1.61 0.00 1.46
2014-06-30 1.30 0.00 1.11
2014-03-31 0.68 0.00 0.33
2013-12-31 0.68 0.00 0.33
  • Takung Art's level of debt (108%) compared to net worth is high (greater than 40%).
  • Unable to establish if Takung Art's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (77.9%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Takung Art's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Takung Art'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. Takung Art 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 Takung Art'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
0%
Current annual income from Takung Art dividends.
If you bought €2,000 of Takung Art shares you are expected to receive €0 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?
  • Unable to evaluate Takung Art's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Takung Art's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:1QH 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
Europe Interactive Media and Services Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:1QH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Takung Art has not reported any payouts.
  • Unable to verify if Takung Art's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Takung Art's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Takung Art has not reported any payouts.
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 Takung Art's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Takung Art afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Takung Art has a total score of 0/6, 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 Takung Art'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
Fang Mu
AGE 33
TENURE AS CEO 0.3 years
CEO Bio

Ms. Fang Mu has been Chief Executive Officer of Takung Art Co., Ltd. since August 6, 2019. Ms. Mu has extensive experience in corporate finance, accounting, and human resource management. She is familiar with artwork storage, appraisal, and other facets related to the trading of art works. Her experience also includes budgeting, forecasting, financial planning and analysis, human source management and commercial insurance. She has served as the Vice President of Takung Cultural Development (Tianjin) Co. Ltd, one of the Company’s subsidiaries since 2016. She has relinquished this position with effect from August 6, 2019. From 2009 to 2016, Ms. Mu worked as Financial Controller of Tianjin Cultural and Artwork Exchange Company. From 2008 to 2009, Ms. Mu served as an assistant auditor of Tianjin Zhong He Xin Cheng CPA Firm. Ms. Mu was recently qualified as a Professional Art Appraiser by the Beijing Open University in 2019. She graduated from Tianjin University of Finance and Economics in 2008 with a double degree in Audit and Finance.

CEO Compensation
  • Insufficient data for Fang to compare compensation growth.
  • Insufficient data for Fang to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Ming Cheng

TITLE
VP of Takung Cultural Development (Tianjin) Co.
AGE
34

Fang Mu

TITLE
Chief Executive Officer
AGE
33
TENURE
0.3 yrs

Jehn Ming Lim

TITLE
Chief Financial Officer
AGE
37
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Takung Art board of directors in years:

0.8
Average Tenure
37
Average Age
  • The average tenure for the Takung Art board of directors is less than 3 years, this suggests a new board.
Board of Directors

Xiaoyu Zhang

TITLE
Independent Chairman of the Board
AGE
31
TENURE
1.1 yrs

Ming Cheng

TITLE
VP of Takung Cultural Development (Tianjin) Co.
AGE
34
TENURE
1.1 yrs

Gary Xiao

TITLE
Independent Director
AGE
40
TENURE
0.4 yrs

Li Lv

TITLE
Independent Director
AGE
46
TENURE
0.4 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 (€)
X
Management checks
We assess Takung Art'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. Takung Art 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

Takung Art Co., Ltd., through its subsidiaries, operates an electronic online platform for artists, art dealers, and art investors to offer and trade in valuable artwork primarily in the People’s Republic of China. Its electronic online platform is located at takungae.com. The company offers online listing and trading services that allow artists/art dealers/owners to access an art trading market where they can engage with a range of investors. Its platform offers and trades in various artwork, such as calligraphy, paintings, sculptures, crafts, jade, jewelry, metal ware, ceramics, and antique furniture. The company serves traders, original owners, and offering agents. Takung Art Co., Ltd. was founded in 2012 and is headquartered in Tsim Sha Tsui, Hong Kong.

Details
Name: Takung Art Co., Ltd.
1QH
Exchange: DB
Founded: 2012
$4,883,105
11,255,129
Website: http://www.takungart.com
Address: Takung Art Co., Ltd.
Room 1105, Wing On Plaza,
62 Mody Road,
Tsim Sha Tsui,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX TKAT Common Stock NYSE MKT LLC US USD 21. Oct 2014
DB 1QH Common Stock Deutsche Boerse AG DE EUR 21. Oct 2014
Number of employees
Current staff
Staff numbers
37
Takung Art employees.
Industry
Interactive Media and Services
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 22:17
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2018/04/02
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.