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Theme International Holdings

SEHK:990
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
990
SEHK
HK$1B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Theme International Holdings Limited, an investment holding company, engages in the distribution and trading of bulk commodities and related products the People’s Republic of China and Singapore. The last earnings update was 76 days ago. More info.


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990 Share Price and Events
7 Day Returns
-2.4%
SEHK:990
1.2%
HK Trade Distributors
0.5%
HK Market
1 Year Returns
-14.7%
SEHK:990
-4.1%
HK Trade Distributors
-0.2%
HK Market
990 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Theme International Holdings (990) -2.4% -14.1% -2.4% -14.7% -63% -48.1%
HK Trade Distributors 1.2% -23.7% -20.4% -4.1% -21.2% -64%
HK Market 0.5% -3.8% -1.3% -0.2% 6.7% -0.5%
1 Year Return vs Industry and Market
  • 990 underperformed the Trade Distributors industry which returned -4.1% over the past year.
  • 990 underperformed the Market in Hong Kong which returned -0.2% over the past year.
Price Volatility
990
Industry
5yr Volatility vs Market

Value

 Is Theme International Holdings 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 Theme International Holdings 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 Theme International Holdings.

SEHK:990 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 8.4%
Perpetual Growth Rate 10-Year HK Government Bond Rate 1.6%

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 SEHK:990
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 1.6%
Equity Risk Premium S&P Global 6.1%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.947 (1 + (1- 25%) (35.89%))
1.136
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.55% + (1.136 * 6.07%)
8.44%

Discounted Cash Flow Calculation for SEHK:990 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Theme International Holdings 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.

SEHK:990 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.44%)
2020 2,489.20 Est @ 18.52% 2,295.41
2021 2,823.54 Est @ 13.43% 2,401.00
2022 3,102.14 Est @ 9.87% 2,432.54
2023 3,330.83 Est @ 7.37% 2,408.52
2024 3,518.21 Est @ 5.63% 2,345.94
2025 3,673.10 Est @ 4.4% 2,258.54
2026 3,803.39 Est @ 3.55% 2,156.58
2027 3,915.50 Est @ 2.95% 2,047.30
2028 4,014.51 Est @ 2.53% 1,935.64
2029 4,104.23 Est @ 2.23% 1,824.84
Present value of next 10 years cash flows HK$22,106.00
SEHK:990 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$4,104.23 × (1 + 1.55%) ÷ (8.44% – 1.55%)
HK$60,466.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$60,466.47 ÷ (1 + 8.44%)10
HK$26,884.78
SEHK:990 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$22,106.00 + HK$26,884.78
HK$48,990.78
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$48,990.78 / 11,841.34
HK$4.14
SEHK:990 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$4.14
Current discount Discount to share price of HK$0.12
= -1 x (HK$0.12 - HK$4.14) / HK$4.14
97.1%

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

Current Discount
Amount off the current price Theme International Holdings is available for.
Intrinsic value
>50%
Share price is HK$0.12 vs Future cash flow value of HK$4.14
Current Discount Checks
For Theme International Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Theme International Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Theme International Holdings'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 Theme International Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Theme International Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:990 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$0.01
SEHK:990 Share Price ** SEHK (2019-12-11) in HKD HK$0.12
Hong Kong Trade Distributors Industry PE Ratio Median Figure of 27 Publicly-Listed Trade Distributors Companies 9.1x
Hong Kong Market PE Ratio Median Figure of 1,469 Publicly-Listed Companies 10.2x

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

** Primary Listing of Theme International Holdings.

SEHK:990 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:990 Share Price ÷ EPS (both in HKD)

= 0.12 ÷ 0.01

8.85x

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

  • Theme International Holdings is good value based on earnings compared to the HK Trade Distributors industry average.
  • Theme International Holdings is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Theme International Holdings's expected growth come at a high price?
Raw Data
SEHK:990 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Trade Distributors Industry PEG Ratio Median Figure of 47 Publicly-Listed Trade Distributors Companies 1.27x
Hong Kong Market PEG Ratio Median Figure of 478 Publicly-Listed Companies 0.74x

*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 Theme International Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Theme International Holdings's assets?
Raw Data
SEHK:990 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$0.10
SEHK:990 Share Price * SEHK (2019-12-11) in HKD HK$0.12
Hong Kong Trade Distributors Industry PB Ratio Median Figure of 58 Publicly-Listed Trade Distributors Companies 0.55x
Hong Kong Market PB Ratio Median Figure of 2,204 Publicly-Listed Companies 0.81x
SEHK:990 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:990 Share Price ÷ Book Value per Share (both in HKD)

= 0.12 ÷ 0.10

1.27x

* Primary Listing of Theme International Holdings.

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

  • Theme International Holdings is overvalued based on assets compared to the HK Trade Distributors industry average.
X
Value checks
We assess Theme International Holdings'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Theme International Holdings has a total score of 4/6, 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 Theme International Holdings 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 Theme International Holdings 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
5.8%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Theme International Holdings expected to grow at an attractive rate?
  • Unable to compare Theme International Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Theme International Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Theme International Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:990 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
Asia Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.9%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*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
SEHK:990 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:990 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:990 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 5,064 2,102 113
2019-03-31 4,697 1,754 87
2018-12-31 4,330 1,405 62
2018-09-30 4,330 1,943 47
2018-06-30 4,330 1,586 32
2018-03-31 4,860 749 27
2017-12-31 5,389 -88 21
2017-09-30 4,650 -264 13
2017-06-30 3,910 -439 4
2017-03-31 2,746 -273 -11
2016-12-31 1,582 -106 -26
2016-09-30 1,070 -150 -28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Theme International Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Theme International Holdings 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
SEHK:990 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Theme International Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:990 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:990 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 0.01
2019-03-31 0.01
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 -0.01

*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 Theme International Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Theme International Holdings is trading at Theme International Holdings'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. Theme International Holdings'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 Capital Goods companies here
  3. Theme International Holdings'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 Theme International Holdings'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
Theme International Holdings 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 Theme International Holdings 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 Theme International Holdings's growth in the last year to its industry (Trade Distributors).
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.
  • Theme International Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Theme International Holdings's 1-year earnings growth exceeds its 5-year average (247.9% vs 70.1%)
  • Theme International Holdings's earnings growth has exceeded the HK Trade Distributors industry average in the past year (247.9% vs 1%).
Earnings and Revenue History
Theme International Holdings'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 Theme International Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:990 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 5,064.05 112.77 88.59
2019-03-31 4,697.11 87.33 83.52
2018-12-31 4,330.17 61.89 78.45
2018-09-30 4,329.97 47.16 54.05
2018-06-30 4,329.77 32.42 44.19
2018-03-31 4,859.54 26.88 35.24
2017-12-31 5,389.31 21.35 26.28
2017-09-30 4,649.73 12.55 20.88
2017-06-30 3,910.15 3.75 15.48
2017-03-31 2,746.05 -11.10 13.77
2016-12-31 1,581.95 -25.94 12.06
2016-09-30 1,070.38 -27.94 13.36
2016-06-30 558.82 -29.95 14.66
2016-03-31 306.93 -26.67 25.27
2015-12-31 55.04 -23.38 35.88
2015-09-30 57.05 -27.47 47.42
2015-06-30 59.05 -31.57 58.97
2015-03-31 68.27 -26.91 62.13
2014-12-31 77.49 -22.25 65.30
2014-09-30 80.47 -18.20 65.22
2014-06-30 83.45 -14.15 65.15
2014-03-31 85.36 -14.75 64.77
2013-12-31 87.27 -15.34 64.39
2013-09-30 88.86 -20.71 64.66
2013-06-30 90.44 -26.09 64.94
2013-03-31 90.10 -34.69 72.29
2012-12-31 89.76 -43.29 79.63

*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.
  • Theme International Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Theme International Holdings used its assets less efficiently than the HK Trade Distributors industry average last year based on Return on Assets.
  • Theme International Holdings has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Theme International Holdings'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 Trade Distributors 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.
Theme International Holdings has a total score of 4/6, 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 Theme International Holdings'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 Theme International Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Theme International Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Theme International Holdings has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Theme International Holdings'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 covered by short term assets, assets are 8.5x 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 Theme International Holdings Company Filings, last reported 5 months ago.

SEHK:990 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,207.11 495.43 1,164.48
2019-03-31 1,207.11 495.43 1,164.48
2018-12-31 725.16 225.67 339.24
2018-09-30 725.16 225.67 339.24
2018-06-30 677.53 67.68 492.33
2018-03-31 677.53 67.68 492.33
2017-12-31 617.43 37.80 94.48
2017-09-30 617.43 37.80 94.48
2017-06-30 601.39 126.50 74.65
2017-03-31 601.39 126.50 74.65
2016-12-31 202.23 0.00 29.20
2016-09-30 202.23 0.00 29.20
2016-06-30 203.86 0.00 11.09
2016-03-31 203.86 0.00 11.09
2015-12-31 81.41 0.00 12.77
2015-09-30 81.41 0.00 12.77
2015-06-30 85.80 8.15 92.55
2015-03-31 85.80 8.15 92.55
2014-12-31 -8.99 35.00 25.22
2014-09-30 -8.99 35.00 25.22
2014-06-30 4.55 0.00 38.43
2014-03-31 4.55 0.00 38.43
2013-12-31 12.39 0.00 33.68
2013-09-30 12.39 0.00 33.68
2013-06-30 18.02 0.00 39.37
2013-03-31 18.02 0.00 39.37
2012-12-31 27.42 0.00 29.86
  • Theme International Holdings's level of debt (41%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (8.6% vs 41% today).
  • Debt is well covered by operating cash flow (424.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 24.2x coverage).
X
Financial health checks
We assess Theme International Holdings'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. Theme International Holdings has a total score of 4/6, 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 Theme International Holdings'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 Theme International Holdings dividends.
If you bought HK$2,000 of Theme International Holdings shares you are expected to receive HK$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 Theme International Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Theme International Holdings'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
SEHK:990 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
Hong Kong Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 963 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.3%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.3%
Hong Kong Top 25% Dividend Yield 75th Percentile 6.2%

Industry and Market average data is calculated daily.

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

SEHK:990 Future Dividends Estimate Data
Date (Data in HK$) 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 Theme International Holdings has not reported any payouts.
  • Unable to verify if Theme International Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Theme International Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Theme International Holdings 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 Theme International Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Theme International Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Theme International Holdings 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 Theme International Holdings'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
Jiang Jiang
AGE 37
TENURE AS CEO 0.4 years
CEO Bio

Mr. Jiang Jiang has been Executive Director and Chief Executive Officer at Theme International Holdings Limited since July 29, 2019. He has over many years of experience in commodities trading and derivatives trading of iron ore, manganese and rebar. Mr. Jiang was previously the head of trading of an international commodity house, where he gained ample experience in commodity and derivatives trading. He obtained his master degree of business administration from the University of Oklahoma in the United States and bachelor degree in Chemistry from the University of Science and Technology of China.

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

Average tenure and age of the Theme International Holdings management team in years:

1.3
Average Tenure
38.5
Average Age
  • The average tenure for the Theme International Holdings management team is less than 2 years, this suggests a new team.
Management Team

Jian Kang

TITLE
Vice-Chairman of the Board
COMPENSATION
HK$2M
AGE
33
TENURE
0.4 yrs

Lei Wu

TITLE
CFO & Executive Director
COMPENSATION
HK$2M
AGE
32
TENURE
1.3 yrs

Jing Chen

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
40

Jiang Jiang

TITLE
CEO & Executive Director
AGE
37
TENURE
0.4 yrs

Weibing Qiao

TITLE
Chief Investment Officer
AGE
51
TENURE
8.1 yrs

Jennifer Hui

TITLE
Image Design Director
AGE
44

Lei Yue

TITLE
Executive Director
AGE
41

Yui Pang Ho

TITLE
Company Secretary
AGE
32
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Theme International Holdings board of directors in years:

1.8
Average Tenure
41
Average Age
  • The average tenure for the Theme International Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jian Kang

TITLE
Vice-Chairman of the Board
COMPENSATION
HK$2M
AGE
33
TENURE
1.3 yrs

Lei Wu

TITLE
CFO & Executive Director
COMPENSATION
HK$2M
AGE
32
TENURE
3.2 yrs

Jing Chen

TITLE
Executive Director
COMPENSATION
HK$2M
AGE
40
TENURE
2.2 yrs

Jiang Jiang

TITLE
CEO & Executive Director
AGE
37
TENURE
0.4 yrs

Jennifer Hui

TITLE
Image Design Director
AGE
44

Lei Yue

TITLE
Executive Director
AGE
41
TENURE
0.4 yrs

Tony Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
51
TENURE
4.6 yrs

Shiming Wu

TITLE
Independent Non Executive Director
COMPENSATION
HK$120K
AGE
43
TENURE
4.6 yrs

Song Liu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$48K
AGE
46
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
11. Nov 19 Buy Bright Power Ventures Limited Company 08. Nov 19 08. Nov 19 54,140,000 HK$0.14 HK$7,714,989
05. Nov 19 Buy Bright Power Ventures Limited Company 04. Nov 19 04. Nov 19 136,170,000 HK$0.14 HK$19,458,599
X
Management checks
We assess Theme International Holdings'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. Theme International Holdings 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

An Examination Of Theme International Holdings Limited (HKG:990)

For those interested in digging a bit deeper into my commentary, read the full report on Theme International Holdings here.Excellent balance sheet with proven track record 990 delivered a triple-digit bottom-line expansion over the past couple of years, with its most recent earnings level surpassing its average level over the last five years. … 990's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. … SEHK:990 Income Statement, August 29th 2019 Next Steps: For Theme International Holdings, I've put together three relevant factors you should further research: Future Outlook: What are well-informed industry analysts predicting for 990’s future growth?

Simply Wall St -

How Does Theme International Holdings's (HKG:990) P/E Compare To Its Industry, After Its Big Share Price Gain?

Theme International Holdings (HKG:990) shareholders are no doubt pleased to see that the share price has had a great month, posting a 42% gain, recovering from prior weakness. … Check out our latest analysis for Theme International Holdings How Does Theme International Holdings's P/E Ratio Compare To Its Peers? … SEHK:990 Price Estimation Relative to Market, July 10th 2019 Its relatively high P/E ratio indicates that Theme International Holdings shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

Here's What Theme International Holdings Limited's (HKG:990) ROCE Can Tell Us

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Theme International Holdings: 0.15 = HK$107m ÷ (HK$1.8b - HK$1.1b) (Based on the trailing twelve months to December 2018.) Therefore, Theme International Holdings has an ROCE of 15%. … Do Theme International Holdings's Current Liabilities Skew Its ROCE? … Our Take On Theme International Holdings's ROCE While its ROCE looks decent, it wouldn't look so good if it reduced current liabilities.

Simply Wall St -

Why Theme International Holdings Limited (HKG:990) Could Have A Place In Your Portfolio

For those interested in digger a bit deeper into my commentary, read the full report on Theme International Holdings here. … SEHK:990 Income Statement, May 30th 2019 Next Steps: For Theme International Holdings, I've compiled three relevant factors you should further research: Future Outlook: What are well-informed industry analysts predicting for 990’s future growth? … Take a look at our free research report of analyst consensus for 990’s outlook.

Simply Wall St -

With A Return On Equity Of 9.3%, Has Theme International Holdings Limited's (HKG:990) Management Done Well?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Theme International Holdings Limited (HKG:990). … Over the last twelve months Theme International Holdings has recorded a ROE of 9.3%.

Simply Wall St -

Those Who Purchased Theme International Holdings (HKG:990) Shares Five Years Ago Have A 67% Loss To Show For It

For example, after five long years the Theme International Holdings Limited (HKG:990) share price is a whole 67% lower. … During five years of share price growth, Theme International Holdings moved from a loss to profitability. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.

Simply Wall St -

Theme International Holdings Limited (HKG:990) Earns Among The Best Returns In Its Industry

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … How Do You Calculate Return On Capital Employed

Simply Wall St -

Is Theme International Holdings Limited's (HKG:990) 5.0% Worse Than Average?

Our data shows Theme International Holdings has a return on equity of 5.0% for the last year. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.050 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Should You Think About Theme International Holdings Limited's (HKG:990) Risks?

Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

Should You Sell Theme International Holdings Limited (HKG:990) At This PE Ratio?

This article is intended for those of you who are at the beginning of your investing journey. … and want to better understand how you can grow your money by investing in Theme International Holdings Limited (HKG:990). … Theme International Holdings Limited (HKG:990) trades with a trailing P/E of 58.2x, which is higher than the industry average of 13.6x.

Simply Wall St -

Company Info

Description

Theme International Holdings Limited, an investment holding company, engages in the distribution and trading of bulk commodities and related products the People’s Republic of China and Singapore. The company trades in metals and metal ores, and chemicals and allied products; and provides personal loan, mortgage, instalment credit, and other credit granting services. It also engages in securities and commodity contracts dealing; securities brokerage; and commodity futures, and gold bullion broker and dealer activities. The company is headquartered in Sheung Wan, Hong Kong.

Details
Name: Theme International Holdings Limited
990
Exchange: SEHK
Founded:
HK$1,385,437,321
11,841,344,631
Website: http://www.990.com.hk
Address: Theme International Holdings Limited
China Merchants Tower,
Unit 3401-03, 34th Floor,
Sheung Wan,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 990 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 04. Feb 1994
Number of employees
Current staff
Staff numbers
60
Theme International Holdings employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/11 12:36
End of day share price update: 2019/12/11 00:00
Last estimates confirmation: 2019/03/22
Last earnings filing: 2019/09/26
Last earnings reported: 2019/06/30
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.