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Tottenham Acquisition I

Nasdaq:TOTA
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TOTA
Nasdaq
$21M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Tottenham Acquisition I Limited does not have significant operations. The last earnings update was 93 days ago. More info.


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TOTA Share Price and Events
7 Day Returns
-
NasdaqCM:TOTA
1.1%
US Capital Markets
0.5%
US Market
1 Year Returns
5.9%
NasdaqCM:TOTA
8.3%
US Capital Markets
12.8%
US Market
TOTA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tottenham Acquisition I (TOTA) - 0.5% 0.7% 5.9% - -
US Capital Markets 1.1% 6.4% 9.2% 8.3% 33.8% 58.5%
US Market 0.5% 4.3% 8% 12.8% 38.7% 44.5%
1 Year Return vs Industry and Market
  • TOTA underperformed the Capital Markets industry which returned 8.3% over the past year.
  • TOTA underperformed the Market in United States of America which returned 12.8% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Tottenham Acquisition I 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
  • It is not possible to calculate the future cash flow value for Tottenham Acquisition I. This is due to cash flow or dividend data being unavailable. The share price is $10.3531.
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 Tottenham Acquisition I's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tottenham Acquisition I's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:TOTA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.20
NasdaqCM:TOTA Share Price ** NasdaqCM (2019-11-13) in USD $10.35
United States of America Capital Markets Industry PE Ratio Median Figure of 81 Publicly-Listed Capital Markets Companies 39.51x
United States of America Market PE Ratio Median Figure of 2,922 Publicly-Listed Companies 18.24x

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

** Primary Listing of Tottenham Acquisition I.

NasdaqCM:TOTA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:TOTA Share Price ÷ EPS (both in USD)

= 10.35 ÷ -0.20

-52.81x

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

  • Tottenham Acquisition I is loss making, we can't compare its value to the US Capital Markets industry average.
  • Tottenham Acquisition I is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Tottenham Acquisition I's expected growth come at a high price?
Raw Data
NasdaqCM:TOTA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -52.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
49.1%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 37 Publicly-Listed Capital Markets Companies 1.94x
United States of America Market PEG Ratio Median Figure of 2,023 Publicly-Listed Companies 1.46x

*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 Tottenham Acquisition I, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tottenham Acquisition I's assets?
Raw Data
NasdaqCM:TOTA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $2.50
NasdaqCM:TOTA Share Price * NasdaqCM (2019-11-13) in USD $10.35
United States of America Capital Markets Industry PB Ratio Median Figure of 153 Publicly-Listed Capital Markets Companies 6.6x
United States of America Market PB Ratio Median Figure of 5,070 Publicly-Listed Companies 1.73x
NasdaqCM:TOTA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:TOTA Share Price ÷ Book Value per Share (both in USD)

= 10.35 ÷ 2.50

4.14x

* Primary Listing of Tottenham Acquisition I.

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

  • Tottenham Acquisition I is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Tottenham Acquisition I'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Tottenham Acquisition I 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 Tottenham Acquisition I expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Tottenham Acquisition I, future earnings growth has been estimated based on fundamentals.
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
49.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tottenham Acquisition I expected to grow at an attractive rate?
  • Tottenham Acquisition I's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Tottenham Acquisition I's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Tottenham Acquisition I's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:TOTA Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:TOTA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 49.1%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.1%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqCM:TOTA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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.
NasdaqCM:TOTA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 0 0
2019-03-31 0 0
2018-12-31 0 0
2017-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tottenham Acquisition I's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Tottenham Acquisition I 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
NasdaqCM:TOTA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tottenham Acquisition I Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:TOTA Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.20
2019-03-31 -0.19
2018-12-31 -0.20
2017-12-31

*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 Tottenham Acquisition I will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tottenham Acquisition I'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Tottenham Acquisition I has a total score of 3/6, 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 Tottenham Acquisition I 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 Tottenham Acquisition I's growth in the last year to its industry (Capital Markets).
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.
  • Tottenham Acquisition I does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Tottenham Acquisition I's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tottenham Acquisition I's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Tottenham Acquisition I'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 Tottenham Acquisition I Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:TOTA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 -0.38 0.47
2019-03-31 -0.33 0.38
2018-12-31 -0.28 0.32
2017-12-31 -0.01 0.01

*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.
  • Tottenham Acquisition I has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Tottenham Acquisition I has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tottenham Acquisition I 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 Tottenham Acquisition I'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 Capital Markets 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.
Tottenham Acquisition I 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 Tottenham Acquisition I'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 Tottenham Acquisition I's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tottenham Acquisition I is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tottenham Acquisition I's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tottenham Acquisition I'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 3.2x 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 Tottenham Acquisition I Company Filings, last reported 4 months ago.

NasdaqCM:TOTA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 5.00 0.17 0.54
2019-03-31 5.00 0.00 0.65
2018-12-31 5.00 0.00 0.74
2017-12-31 0.00 0.00
  • Tottenham Acquisition I's level of debt (3.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Tottenham Acquisition I's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Tottenham Acquisition I has sufficient cash runway for 1.3 years based on current free cash flow.
  • Tottenham Acquisition I has sufficient cash runway for 1.3 years if free cash flow continues to grow at historical rates of 108.8% each year.
X
Financial health checks
We assess Tottenham Acquisition I'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. Tottenham Acquisition I 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 Tottenham Acquisition I'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 Tottenham Acquisition I dividends.
If you bought $2,000 of Tottenham Acquisition I 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 Tottenham Acquisition I's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tottenham Acquisition I'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
NasdaqCM:TOTA 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
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1948 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America 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.

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

  • Unable to perform a dividend volatility check as Tottenham Acquisition I has not reported any payouts.
  • Unable to verify if Tottenham Acquisition I's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tottenham Acquisition I's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tottenham Acquisition I 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 Tottenham Acquisition I'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 Tottenham Acquisition I afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tottenham Acquisition I 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 Tottenham Acquisition I'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
Jason Ma
AGE 46
TENURE AS CEO 2 years
CEO Bio

Mr. Jason Ma has been Chairman of Tottenham Acquisition I Limited since February 2018 and its Chief Executive Officer since November 2017. Mr. Ma served as Chief Executive Officer of Titanium Technology, a wholly owned subsidiary of Titanium Group Ltd. from May 2005 to December 28, 2007. Mr. Ma also served as Chief Executive Officer of Titanium Group Ltd. until December 28, 2007. He joined Titanium Technology in April 2004. He served as General Manager of Laurentia Technologies Ltd. from February 2003 to March 2004. He served as Director Of Project Management of Ebiz Incubation Co., Ltd. from February 2000 to February 2003. He served as Assistant Marketing Manager of Ball Asia Pacific Ltd. from November 1998 to January 2000. He worked for different companies in the fields of computer science and marketing during his stays in the United States. He served as a Director of GHN Agrispan Holding Company from July 1, 2010 to January 1, 2011. Mr. Ma returned Hong Kong in 1998 and has since been involved in various IT related endeavors. Mr. Jason Ma serves as Chairman at Tottenham Acquisition I Limited. Mr. Ma received his Bachelor of Science degree from the University of California, Berkeley in 1995, his Master of Business Administration degree from the University of Southern California's Marshall School of Business in 1998, and his Master of Science degree from the Hong Kong University in 2002.

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

Jason Ma

TITLE
Chairman & CEO
AGE
46
TENURE
2 yrs

Felix Wong

TITLE
CFO & Director
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the Tottenham Acquisition I board of directors in years:

1.8
Average Tenure
43.5
Average Age
  • The average tenure for the Tottenham Acquisition I board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jason Ma

TITLE
Chairman & CEO
AGE
46

Felix Wong

TITLE
CFO & Director
TENURE
2 yrs

Satoshi Tominaga

TITLE
Independent Director
AGE
40
TENURE
1.8 yrs

Albert Lyu

TITLE
Independent Director
AGE
41
TENURE
1.8 yrs

Estela Kuo

TITLE
Independent Director
AGE
57
TENURE
1.8 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 Tottenham Acquisition I'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. Tottenham Acquisition I 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

Tottenham Acquisition I Limited does not have significant operations. It focuses on technology, media, telecom, education, e-commerce, health-care, and consumer goods industries with primary operations in Asia. The company was founded in 2017 and is based in Central, Hong Kong. Tottenham Acquisition I Limited is a subsidiary of Norwich Investment Limited.

Details
Name: Tottenham Acquisition I Limited
TOTA
Exchange: NasdaqCM
Founded: 2017
$20,698,725
1,999,278
Website: http://
Address: Tottenham Acquisition I Limited
Lucky Building,
Unit 902,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM TOTA Ordinary Shares Nasdaq Capital Market US USD 27. Aug 2018
NasdaqCM TOTA.U Units Nasdaq Capital Market US USD 02. Aug 2018
Number of employees
Current staff
Staff numbers
0
Tottenham Acquisition I employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 00:44
End of day share price update: 2019/11/13 00:00
Last earnings filing: 2019/08/13
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.