Tourism Finance Corporation of India Analysis

dividend

Pros

• Dividends per share have increased over the past 10 years.
• Dividends paid are well covered by earnings (4.6x coverage).
• Tourism Finance Corporation of India's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
• Tourism Finance Corporation of India's dividend is above the markets top 25% of dividend payers in India (3.08%).

Cons

• Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

health

Pros

• Tourism Finance Corporation of India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
• Tourism Finance Corporation of India is profitable, therefore cash runway is not a concern.
• Tourism Finance Corporation of India is profitable, therefore cash runway is not a concern.
• Debt is covered by short term assets, assets are 1.4x debt.
• Tourism Finance Corporation of India's cash and other short term assets cover its long term commitments.
• The level of debt compared to net worth has been reduced over the past 5 years (199.6% vs 192% today).
• Low level of unsold assets.

Cons

• Debt is not well covered by operating cash flow (14.4%, less than 20% of total debt).
• Tourism Finance Corporation of India's level of debt (192%) compared to net worth is high (greater than 40%).

management

Pros

Cons

• The average tenure for the Tourism Finance Corporation of India board of directors is less than 3 years, this suggests a new board.
• The average tenure for the Tourism Finance Corporation of India management team is less than 2 years, this suggests a new team.

misc

Pros

Cons

• Tourism Finance Corporation of India is not covered by any analysts.
• Tourism Finance Corporation of India has significant price volatility in the past 3 months.

past

Pros

• Tourism Finance Corporation of India's year on year earnings growth rate has been positive over the past 5 years.
• Tourism Finance Corporation of India used its assets more efficiently than the IN Diversified Financial industry average last year based on Return on Assets.

Cons

• Tourism Finance Corporation of India's 1-year earnings growth is negative, it can't be compared to the 5-year average.
• Tourism Finance Corporation of India has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
• Tourism Finance Corporation of India's 1-year earnings growth is negative, it can't be compared to the IN Diversified Financial industry average.

value

Pros

• Tourism Finance Corporation of India is good value based on assets compared to the IN Diversified Financial industry average.
• Tourism Finance Corporation of India is good value based on earnings compared to the IN Diversified Financial industry average.
• Tourism Finance Corporation of India is good value based on earnings compared to the India market.
• BSE:526650 is up 12.2% outperforming the Diversified Financial industry which returned 10.8% over the past month.
• BSE:526650 is up 12.2% outperforming the market in India which returned 8% over the past month.

Cons

• Tourism Finance Corporation of India's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
• Tourism Finance Corporation of India's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
• 526650 underperformed the Diversified Financial industry which returned -37.3% over the past year.
• 526650 underperformed the Market in India which returned -14.5% over the past year.