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Triangle Tyre Co., Ltd.

  • Market Cap: Mid Cap
  • Industry: Auto Components & Equipments
  • ISIN: CNE100002GN1
  • SHG: 601163
CNY
12.49
0.01 (0.08%)

Sep 22

SHG

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  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-recommendationScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Comparison

Company
Score
Quality
Valuation
Financial
Technical
Triangle Tyre Co., Ltd.

Why is Triangle Tyre Co., Ltd. ?

1
Poor Management Efficiency with a low ROCE of 7.12%
  • The company has been able to generate a Return on Capital Employed (avg) of 7.12% signifying low profitability per unit of total capital (equity and debt)
2
The company is Net-Debt Free
  • Poor long term growth as Net Sales has grown by an annual rate of 2.23% and Operating profit at -5.37% over the last 5 years
  • The company is Net-Debt Free
  • The company has been able to generate a Return on Equity (avg) of 7.94% signifying low profitability per unit of shareholders funds
3
Poor long term growth as Net Sales has grown by an annual rate of 2.23% and Operating profit at -5.37% over the last 5 years
4
Negative results in Jun 26
  • ROCE(HY) Lowest at 6.33%
  • INVENTORY TURNOVER RATIO(HY) Lowest at 5.71 times
  • INTEREST COVERAGE RATIO(Q) Lowest at 2,522.29
5
With ROE of 6.88%, it has a fair valuation with a 0.72 Price to Book Value
  • Over the past year, while the stock has generated a return of -8.97%, its profits have risen by 0.1% ; the PEG ratio of the company is 10.5
  • At the current price, the company has a high dividend yield of 4.2
stock-recommendationReal-Time Research Report

Verdict Report

How much should you hold?

  1. Overall Portfolio exposure to Triangle Tyre Co., Ltd. should be less than 10%
  2. Overall Portfolio exposure to Auto Components & Equipments should be less than 30%

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Auto Components & Equipments)

When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock

Is Triangle Tyre Co., Ltd. for you?

Low Risk, Low Return

Absolute
Risk Adjusted
Volatility
Triangle Tyre Co., Ltd.
-9.03%
-0.89
23.89%
China Shanghai Composite
3.23%
0.23
14.72%
stock-recommendationQuality
stock-summaryManagement Risk
stock-summaryGrowth
stock-summaryCapital Structure
stock-recommendation
Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor
Value
Sales Growth (5y)
2.23%
EBIT Growth (5y)
-5.37%
EBIT to Interest (avg)
19.63
Debt to EBITDA (avg)
0.15
Net Debt to Equity (avg)
-0.02
Sales to Capital Employed (avg)
0.67
Tax Ratio
11.99%
Dividend Payout Ratio
34.67%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
6.61%
ROE (avg)
7.94%
stock-recommendationValuation

Valuation Scorecard stock-summary

stock-recommendation
Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors stock-summary

Factor
Value
P/E Ratio
10
Industry P/E
Price to Book Value
0.72
EV to EBIT
9.22
EV to EBITDA
6.69
EV to Capital Employed
0.66
EV to Sales
0.77
PEG Ratio
10.47
Dividend Yield
4.15%
ROCE (Latest)
7.19%
ROE (Latest)
6.88%
stock-recommendationTechnicals

Technical key factors

Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
No Trend
Mildly Bearish
OBV
No Trend
Mildly Bearish
stock-recommendation Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
Technical Movement
Analyse All Technical Factors stock-recommendation
stock-recommendationFinancial Trend

Financial Trend Scorecard stock-summary

stock-recommendation
Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

5What is working for the Company
DIVIDEND PAYOUT RATIO(Y)

Highest at 78.53%

CASH AND EQV(HY)

Highest at CNY 16,114.62 MM

DEBT-EQUITY RATIO (HY)

Lowest at -75.8 %

DIVIDEND PER SHARE(HY)

Highest at CNY 4.63

NET SALES(Q)

Highest at CNY 2,614.86 MM

-16What is not working for the Company
ROCE(HY)

Lowest at 6.33%

INVENTORY TURNOVER RATIO(HY)

Lowest at 5.71 times

INTEREST COVERAGE RATIO(Q)

Lowest at 2,522.29

RAW MATERIAL COST(Y)

Grown by 6.01% (YoY

OPERATING PROFIT(Q)

Lowest at CNY 197.57 MM

OPERATING PROFIT MARGIN(Q)

Lowest at 7.56 %

PRE-TAX PROFIT(Q)

Lowest at CNY 146.9 MM

NET PROFIT(Q)

Lowest at CNY 122.39 MM

EPS(Q)

Lowest at CNY 0.15

Here's what is working for Triangle Tyre Co., Ltd.

Net Sales
Highest at CNY 2,614.86 MM
in the last five periods
MOJO Watch
Near term sales trend is positive

Net Sales (CNY MM)

Cash and Eqv
Highest at CNY 16,114.62 MM
in the last six Semi-Annual periods
MOJO Watch
Short Term liquidity is improving

Cash and Cash Equivalents

Debt-Equity Ratio
Lowest at -75.8 %
in the last five Semi-Annual periods
MOJO Watch
The company has been reducing its borrowing as compared to equity capital

Debt-Equity Ratio

Dividend per share
Highest at CNY 4.63
in the last five years
MOJO Watch
Company is distributing higher dividend from profits generated

DPS (CNY)

Dividend Payout Ratio
Highest at 78.53%
in the last five years
MOJO Watch
Company is distributing higher proportion of profits generated as dividend

DPR (%)

Depreciation
At CNY 104.19 MM has Grown at inf%
period on period (QoQ)
MOJO Watch
The expenditure on assets done by the company has gone into productive use which should positively reflect in the future sales

Depreciation (CNY MM)

Here's what is not working for Triangle Tyre Co., Ltd.

Interest Coverage Ratio
Lowest at 2,522.29
in the last five periods
MOJO Watch
The company's ability to manage interest payments is deteriorating

Operating Profit to Interest

Pre-Tax Profit
At CNY 146.9 MM has Fallen at -46.95%
over average net sales of the previous four periods of CNY 276.91 MM
MOJO Watch
Near term Pre-Tax Profit trend is very negative

Pre-Tax Profit (CNY MM)

Net Profit
At CNY 122.39 MM has Fallen at -49.76%
over average net sales of the previous four periods of CNY 243.61 MM
MOJO Watch
Near term Net Profit trend is very negative

Net Profit (CNY MM)

Inventory Turnover Ratio
Lowest at 5.71 times and Fallen
In each half year in the last five Semi-Annual periods
MOJO Watch
Company's pace of selling inventory has slowed

Inventory Turnover Ratio

Operating Profit
Lowest at CNY 197.57 MM
in the last five periods
MOJO Watch
Near term Operating Profit trend is negative

Operating Profit (CNY MM)

Operating Profit Margin
Lowest at 7.56 %
in the last five periods
MOJO Watch
Company's profit margin has deteriorated

Operating Profit to Sales

Pre-Tax Profit
Lowest at CNY 146.9 MM
in the last five periods
MOJO Watch
Near term Pre-Tax Profit trend is negative

Pre-Tax Profit (CNY MM)

Net Profit
Lowest at CNY 122.39 MM
in the last five periods
MOJO Watch
Near term Net Profit trend is negative

Net Profit (CNY MM)

EPS
Lowest at CNY 0.15
in the last five periods
MOJO Watch
Declining profitability; company has created lower earnings for shareholders

EPS (CNY)

Raw Material Cost
Grown by 6.01% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin

Raw Material Cost as a percentage of Sales

Non Operating Income
Highest at CNY 0.42 MM
in the last five periods
MOJO Watch
Increased income from non business activities may not be sustainable

Non Operating income

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