Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Thai Ho Group

GTSM:4136
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4136
GTSM
NT$595M
Market Cap
  1. Home
  2. TW
  3. Household
Company description

Thai Ho Group Inc. researches, develops, manufactures, and supplies cosmetics in China, Europe, the United States, and internationally. The last earnings update was 236 days ago. More info.


Add to Portfolio Compare Print
4136 Share Price and Events
7 Day Returns
0%
GTSM:4136
0.8%
TW Personal Products
-0.2%
TW Market
1 Year Returns
-41.7%
GTSM:4136
-34.5%
TW Personal Products
-10.7%
TW Market
4136 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thai Ho Group (4136) 0% -1.6% -11.9% -41.7% -67.8% -
TW Personal Products 0.8% -17% -25.8% -34.5% -15.7% 14.1%
TW Market -0.2% -14.9% -19.2% -10.7% -4.1% -0.7%
1 Year Return vs Industry and Market
  • 4136 underperformed the Personal Products industry which returned -34.5% over the past year.
  • 4136 underperformed the Market in Taiwan, Province of China which returned -10.7% over the past year.
Price Volatility
4136
Industry
5yr Volatility vs Market

Value

 Is Thai Ho 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 Thai Ho 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 Thai Ho Group.

GTSM:4136 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in TWD NT$ .330000
Payout Ratio Company Filings (2019-06-30) 52.1%
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year TW Government Bond Rate 0.7%

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 GTSM:4136
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TW Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.3%
Personal Products Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.596 (1 + (1- 25%) (46.99%))
0.688
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.71% + (0.8 * 6.33%)
5.77%

Discounted Cash Flow Calculation for GTSM:4136 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Thai Ho 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.

GTSM:4136 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= NT$0.33 / (5.77% - 0.71%)
NT$6.52
GTSM:4136 Discount to Share Price
Calculation Result
Value per share (TWD) From above. NT$6.52
Current discount Discount to share price of NT$24.50
= -1 x (NT$24.50 - NT$6.52) / NT$6.52
-276%

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

  • The current share price of Thai Ho 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 Thai Ho Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thai Ho Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
GTSM:4136 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in TWD NT$-0.56
GTSM:4136 Share Price ** GTSM (2020-03-30) in TWD NT$24.5
Taiwan, Province of China Personal Products Industry PE Ratio Median Figure of 14 Publicly-Listed Personal Products Companies 12.57x
Taiwan, Province of China Market PE Ratio Median Figure of 1,474 Publicly-Listed Companies 14.01x

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

** Primary Listing of Thai Ho Group.

GTSM:4136 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= GTSM:4136 Share Price ÷ EPS (both in TWD)

= 24.5 ÷ -0.56

-43.6x

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

  • Thai Ho Group is loss making, we can't compare its value to the TW Personal Products industry average.
  • Thai Ho Group is loss making, we can't compare the value of its earnings to the Taiwan, Province of China market.
Price based on expected Growth
Does Thai Ho Group's expected growth come at a high price?
Raw Data
GTSM:4136 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -43.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Personal Products Industry PEG Ratio Median Figure of 43 Publicly-Listed Personal Products Companies 2.34x
Taiwan, Province of China Market PEG Ratio Median Figure of 183 Publicly-Listed Companies 1.08x

*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 Thai Ho Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Thai Ho Group's assets?
Raw Data
GTSM:4136 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in TWD NT$17.44
GTSM:4136 Share Price * GTSM (2020-03-30) in TWD NT$24.5
Taiwan, Province of China Personal Products Industry PB Ratio Median Figure of 23 Publicly-Listed Personal Products Companies 1.4x
Taiwan, Province of China Market PB Ratio Median Figure of 1,961 Publicly-Listed Companies 1.17x
GTSM:4136 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= GTSM:4136 Share Price ÷ Book Value per Share (both in TWD)

= 24.5 ÷ 17.44

1.4x

* Primary Listing of Thai Ho Group.

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

  • Thai Ho Group is good value based on assets compared to the TW Personal Products industry average.
X
Value checks
We assess Thai Ho 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 Personal Products 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 Personal Products industry average (and greater than 0)? (1 check)
  5. Thai Ho Group has a total score of 1/6, 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 Thai Ho 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 Thai Ho 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
12.2%
Expected Personal Products industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thai Ho Group expected to grow at an attractive rate?
  • Unable to compare Thai Ho Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Thai Ho Group's earnings growth to the Taiwan, Province of China market average as no estimate data is available.
  • Unable to compare Thai Ho Group's revenue growth to the Taiwan, Province of China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
GTSM:4136 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Personal Products Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Asia Personal Products Industry Revenue Growth Rate Market Cap Weighted Average 6.6%
Taiwan, Province of China Market Earnings Growth Rate Market Cap Weighted Average 11%
Taiwan, Province of China Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
GTSM:4136 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in TWD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
GTSM:4136 Past Financials Data
Date (Data in TWD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,189 92 -14
2019-03-31 1,332 116 79
2018-12-31 1,335 67 60
2018-09-30 1,379 9 63
2018-06-30 1,423 -48 67
2018-03-31 1,343 0 13
2017-12-31 1,327 121 41
2017-09-30 1,236 130 43
2017-06-30 1,145 140 46
2017-03-31 1,123 145 17
2016-12-31 1,179 150 18
2016-09-30 1,144 98 17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Thai Ho Group is high growth as no earnings estimate data is available.
  • Unable to determine if Thai Ho 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
GTSM:4136 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Thai Ho Group Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:4136 Past Financials Data
Date (Data in TWD Millions) EPS *
2019-06-30 -0.56
2019-03-31 3.24
2018-12-31 2.47
2018-09-30 2.61
2018-06-30 2.75
2018-03-31 0.53
2017-12-31 1.68
2017-09-30 1.79
2017-06-30 1.90
2017-03-31 0.72
2016-12-31 0.74
2016-09-30 0.72

*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 Thai Ho Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Thai Ho 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 Household companies here
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Thai Ho 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 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.
Thai Ho 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 Thai Ho Group performed over the past 5 years?

  • Thai Ho Group's last earnings update was 236 days ago.
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 Thai Ho Group's growth in the last year to its industry (Personal Products).
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.
  • Thai Ho Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Thai Ho Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Thai Ho Group's 1-year growth to the TW Personal Products industry average as it is not currently profitable.
Earnings and Revenue History
Thai Ho 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 Thai Ho Group Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

GTSM:4136 Past Revenue, Cash Flow and Net Income Data
Date (Data in TWD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,189.28 -13.65 287.00 76.52
2019-03-31 1,332.34 78.68 280.23 78.13
2018-12-31 1,334.60 59.94 278.90 77.92
2018-09-30 1,378.63 63.34 266.69 74.54
2018-06-30 1,422.67 66.74 254.49 71.16
2018-03-31 1,343.49 12.88 242.82 69.78
2017-12-31 1,327.46 40.86 225.11 73.58
2017-09-30 1,236.18 43.48 213.66 75.84
2017-06-30 1,144.90 46.10 202.21 78.09
2017-03-31 1,123.08 17.42 197.94 77.28
2016-12-31 1,178.92 17.97 194.25 73.11
2016-09-30 1,144.07 17.35 193.04 75.98
2016-06-30 1,109.21 16.72 191.83 78.86
2016-03-31 1,024.89 28.90 187.32 75.59
2015-12-31 940.57 41.08 182.82 72.32
2015-09-30 836.13 -0.28 178.40 63.38
2015-06-30 731.70 -41.64 173.97 54.44
2015-03-31 703.08 -63.46 178.63 51.47
2014-12-31 674.46 -85.27 183.30 48.51
2013-12-31 600.11 -69.01 164.58 44.74

*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 Thai Ho Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Thai Ho Group has efficiently used its assets last year compared to the TW Personal Products industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Thai Ho Group 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 Thai Ho 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 Personal Products 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.
Thai Ho Group 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 Thai Ho 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 Thai Ho Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thai Ho Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Thai Ho Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Thai Ho 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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x 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 Thai Ho Group Company Filings, last reported 9 months ago.

GTSM:4136 Past Debt and Equity Data
Date (Data in TWD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 423.81 262.00 54.61
2019-03-31 423.81 262.00 54.61
2018-12-31 467.59 268.46 227.42
2018-09-30 467.59 268.46 227.42
2018-06-30 456.00 255.39 79.09
2018-03-31 407.81 230.04 113.15
2017-12-31 437.67 226.06 235.05
2017-09-30 437.67 226.06 235.05
2017-06-30 395.69 158.67 163.02
2017-03-31 398.51 225.03 198.42
2016-12-31 398.51 225.03 198.42
2016-09-30 398.51 225.03 198.42
2016-06-30 380.20 231.59 145.16
2016-03-31 380.20 231.59 145.16
2015-12-31 417.05 280.09 157.45
2015-09-30 417.05 280.09 157.45
2015-06-30 372.32 253.38 163.83
2015-03-31 372.32 253.38 163.83
2014-12-31 269.36 268.87 80.73
2013-12-31 308.68 211.00 61.40
  • Thai Ho Group's level of debt (61.8%) 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 (83% vs 61.8% today).
  • Debt is well covered by operating cash flow (35.1%, greater than 20% of total debt).
  • Thai Ho Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Thai Ho 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. Thai Ho 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 Thai Ho 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
1.35%
Current annual income from Thai Ho Group dividends.
If you bought NT$2,000 of Thai Ho Group shares you are expected to receive NT$27 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?
  • Thai Ho Group's pays a lower dividend yield than the bottom 25% of dividend payers in Taiwan, Province of China (3.25%).
  • Thai Ho Group's dividend is below the markets top 25% of dividend payers in Taiwan, Province of China (6.93%).
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
GTSM:4136 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
Taiwan, Province of China Personal Products Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.8%
Taiwan, Province of China Market Average Dividend Yield Market Cap Weighted Average of 1330 Stocks 4.6%
Taiwan, Province of China Minimum Threshold Dividend Yield 10th Percentile 1.8%
Taiwan, Province of China Bottom 25% Dividend Yield 25th Percentile 3.2%
Taiwan, Province of China Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

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

GTSM:4136 Past Annualized Dividends Data
Date (Data in NT$) Dividend per share (annual) Avg. Yield (%)
2019-04-22 0.330 1.142
2018-03-28 0.600 1.137
2017-04-28 0.020 0.031
2017-04-27 0.020 0.027

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

  • Thai Ho Group is not paying a notable dividend for Taiwan, Province of China, therefore no need to check if the payments are stable.
  • Thai Ho Group is not paying a notable dividend for Taiwan, Province of China, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Thai Ho Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Thai Ho Group's dividends as it is not paying a notable one for Taiwan, Province of China.
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 Thai Ho Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - 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 Thai Ho Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thai Ho Group 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 Thai Ho 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
Jing Kai Guo
TENURE AS CEO 17.9 years
CEO Bio

Jing Kai Guo has been the President of Thai Ho Group Inc. since May 01, 2002 and serves as its Chairman of The Board of Directors. Jing Kai Guo serves as the Chairman of the Board of Directors for Global Giant Corporation Ltd., Cosmetics Tech Co., Ltd., Lee Shin Bio-Tech Cosmetics (Shanghai) Co., Ltd., Shanghai Lafantcy Cosmetics Co., Ltd., Thai Ho Cosmetics Tech Co., Ltd. and Thai Ho Bio-Tech Cosmetic Limited. Jing Kai Guo studied Business Management at Chinese Culture University.

CEO Compensation
  • Insufficient data for Jing Kai to compare compensation growth.
  • Insufficient data for Jing Kai to establish whether their remuneration is reasonable compared to companies of similar size in Taiwan, Province of China.
Management Team Tenure

Average tenure of the Thai Ho Group management team in years:

8.5
Average Tenure
  • The average tenure for the Thai Ho Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jing Kai Guo

TITLE
Chairman of the Board of Directors and President
TENURE
17.9 yrs

Bao Yu Su

TITLE
Finance Department Manager
TENURE
8.9 yrs

Wen Xiong Cao

TITLE
Head of the Administrative Department

Yan Fu Chen

TITLE
Deputy Head of the Production Department
TENURE
4 yrs

Zhi Yue Guo

TITLE
Deputy Head of the Administrative Department
TENURE
8.1 yrs
Board of Directors

Jing Kai Guo

TITLE
Chairman of the Board of Directors and President

Shi Qi Liu

TITLE
Director

Zhi Cheng Zhang

TITLE
Director

Zhong Zhou Ruan

TITLE
Independent Director

Li Lin Liu

TITLE
Independent Director

Ming Yang Lai

TITLE
Independent Director
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 (NT$) Value (NT$)
X
Management checks
We assess Thai Ho 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. Thai Ho 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

Thai Ho Group Inc. researches, develops, manufactures, and supplies cosmetics in China, Europe, the United States, and internationally. The company offers lip products, such as lip kits, glosses, care products, and egg shapes, as well as lipsticks; and skin care products, including facial masks, serum, moisturizers, eye creams, essences, day and night facial creams, make-up removers, and facial cleansers. It also provides face products, including foundations, blushes, bronzer powder, and concealers, as well as highlighter and setting products; and eye products comprising mascaras, eyeliner pens, eyeshadows palettes, and eyeliners, as well as brow pencils, powder kits, gels, and pens. Thai Ho Group Inc. was founded in 1980 and is headquartered in Shanghai, China.

Details
Name: Thai Ho Group Inc.
4136
Exchange: GTSM
Founded: 1980
NT$595,273,927
24,296,895
Website: http://www.thaiho.com
Address: Thai Ho Group Inc.
No. 165 Min Qiang Road,
Songjiang District,
Shanghai,
201612,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
GTSM 4136 Common Stock Taipei Exchange TW TWD 27. Jan 2016
Number of employees
Current staff
Staff numbers
0
Thai Ho Group employees.
Industry
Personal Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 18:20
End of day share price update: 2020/03/30 00:00
Last earnings filing: 2019/08/14
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.