If you want to know who really controls Tuya Inc. (NYSE:TUYA), then you'll have to look at the makeup of its share registry. We can see that individual insiders own the lion's share in the company with 36% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
And last week, insiders endured the biggest losses as the stock fell by 9.2%.
In the chart below, we zoom in on the different ownership groups of Tuya.
View our latest analysis for Tuya
NYSE:TUYA Ownership Breakdown September 16th 2022
What Does The Institutional Ownership Tell Us About Tuya?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
As you can see, institutional investors have a fair amount of stake in Tuya. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Tuya's historic earnings and revenue below, but keep in mind there's always more to the story.
NYSE:TUYA Earnings and Revenue Growth September 16th 2022
We note that hedge funds don't have a meaningful investment in Tuya. New Enterprise Associates, Inc. is currently the company's largest shareholder with 22% of shares outstanding. In comparison, the second and third largest shareholders hold about 21% and 11% of the stock. Xueji Wang, who is the second-largest shareholder, also happens to hold the title of Chief Executive Officer.
After doing some more digging, we found that the top 3 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
Insider Ownership Of Tuya
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Our most recent data indicates that insiders own a reasonable proportion of Tuya Inc.. Insiders have a US$220m stake in this US$603m business. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently.
General Public Ownership
The general public, who are usually individual investors, hold a 24% stake in Tuya. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
Private Equity Ownership
With a stake of 22%, private equity firms could influence the Tuya board. Some might like this, because private equity are sometimes activists who hold management accountable. But other times, private equity is selling out, having taking the company public.
Public Company Ownership
Public companies currently own 11% of Tuya stock. We can't be certain but it is quite possible this is a strategic stake. The businesses may be similar, or work together.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand Tuya better, we need to consider many other factors. For example, we've discovered 1 warning sign for Tuya that you should be aware of before investing here.
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
如果你想知道谁真正控制了涂鸦智能(纽约证券交易所代码:TUYA),那么你就必须看看它的股票登记簿的构成。我们可以看到,个人内部人士拥有公司的最大份额,拥有36%的股份。换句话说,该集团将从他们对公司的投资中获得最大(或损失最大)。
上周,内部人士遭受了最大的损失,股价下跌了9.2%。
在下面的图表中,我们放大了Tuya的不同所有权组。
查看我们对Tuya的最新分析
纽约证券交易所:Tuya所有权明细2022年9月16日
关于图亚,机构所有权告诉了我们什么?
机构投资者通常将自己的回报与经常跟踪的指数的回报进行比较。因此,他们通常确实会考虑收购被纳入相关基准指数的较大公司。
正如你所看到的,机构投资者在Tuya拥有相当多的股份。这意味着为这些机构工作的分析师已经看过了这只股票,他们喜欢它。但就像其他人一样,他们也可能错了。当多家机构持有一只股票时,它们总是面临“拥挤交易”的风险。当这样的交易出错时,多方可能会竞相快速抛售股票。在一家没有增长历史的公司,这一风险更高。你可以在下面看到图亚的历史收入和收入,但请记住,故事中总是有更多的东西。
纽约证券交易所:Tuya收益和收入增长2022年9月16日
我们注意到,对冲基金没有对图亚进行有意义的投资。New Enterprise Associates,Inc.目前是该公司的最大股东,持有22%的流通股。相比之下,第二大和第三大股东分别持有约21%和11%的股份。第二大股东王学基也恰好持有首席执行官的头衔。
经过进一步挖掘,我们发现,前3名股东合计控制了公司一半以上的股份,这意味着他们拥有相当大的权力来影响公司的决策。
虽然研究一家公司的机构持股可以增加你的研究价值,但研究分析师的建议以更深入地了解一只股票的预期表现也是一个很好的做法。有相当数量的分析师追踪该股,因此了解他们对未来的总体看法可能是有用的。
图亚的内部人所有权
公司内部人的定义可能是主观的,而且在不同的司法管辖区之间确实有所不同。我们的数据反映了个别内部人士,至少捕捉到了董事会成员。管理层最终要向董事会负责。然而,经理人担任执行董事会成员并不少见,尤其是如果他们是创始人或首席执行官的话。
大多数人认为内部人持股是积极的,因为它可以表明董事会与其他股东很好地结盟。然而,在某些情况下,太多的权力集中在这个群体中。
我们的最新数据显示,内部人士持有相当比例的涂鸦智能。在这项价值6.03亿美元的业务中,内部人士持有2.2亿美元的股份。看到内部人士如此投资于这项业务,真是太好了。或许值得一查的是,这些内部人士最近是否一直在买入。
一般公有制
公众通常是个人投资者,他们持有途亚24%的股份。这种规模的所有权虽然可观,但如果决策与其他大股东不同步,可能不足以改变公司政策。
私募股权所有权
私募股权公司持有22%的股份,可能会影响图亚董事会。一些人可能会喜欢这样,因为私人股本有时是让管理层承担责任的积极分子。但在其他时候,私募股权公司让公司上市后,它们的股票都卖光了。
上市公司所有权
上市公司目前持有途亚11%的股份。我们不能确定,但很有可能这是一个战略利益攸关方。这些业务可能是相似的,也可能是合作的。
接下来的步骤:
拥有一家公司股票的不同集团总是值得考虑的。但为了更好地理解图亚,我们需要考虑许多其他因素。例如,我们发现1个图亚警示标志在这里投资之前你应该意识到这一点。
最终未来是最重要的。您可以访问此免费分析师对该公司的预测报告。
注:本文中的数字是使用过去12个月的数据计算的,指的是截至财务报表日期的最后一个月的12个月期间。这可能与全年的年度报告数字不一致。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。