Techtronic Industries Co Ltd

TTNDY

Compliant
Exchange
Sector
Headquarters
Group
OTC
Industrials
Hong Kong
Large cap

Techtronic Industries Co Ltd is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

0.38%

Impure Income*

$0.016

Purification*

$0.037

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Large cap
STRONG BUY
$67.517
$67.52
$67.52
1
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
7.13%
8.69%
7.67%
0.74
1.57
0.00%

Shariah Compliance

Debt
10.12%
Non-Compliant Assets
0.15%
Impure Income
0.38%

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
10.69%
Impure Income
0.38%

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
10.24%
Impure Income
0.38%

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
16.51%
Cash
11.82%
Cash & AR
30.4%
Impure Income
0.38%

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
16.51%
Cash
11.82%
Cash & AR
30.4%
Impure Income
0.38%

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
0.38%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Techtronic Industries Co Ltd is an investment holding company principally engaged in power equipment products businesses. The Company mainly operates through two segments. The Power Equipment segment is mainly engaged in the sales of power tools, power tool accessories, outdoor products, and outdoor product accessories. Its power equipment products are sold under the MILWAUKEE, EMPIRE, AEG, RYOBI, HOMELITE, Imperial Blades, STILETTO and HART brands, or through original equipment manufacturer (OEM) customers. The Floorcare & Cleaning segment is primarily engaged in the sales of floorcare products and floorcare accessories. Its floorcare and cleaning products are sold under the HOOVER, DIRT DEVIL, VAX and ORECK brands, or through OEM customers.

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