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Sunland Group

ASX:SDG
Snowflake Description

High growth potential and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SDG
ASX
A$243M
Market Cap
  1. Home
  2. AU
  3. Real Estate
Company description

Sunland Group Limited develops and constructs residential properties in Australia. The last earnings update was 118 days ago. More info.


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SDG Share Price and Events
7 Day Returns
2.3%
ASX:SDG
0.4%
AU Real Estate
1.7%
AU Market
1 Year Returns
-1.9%
ASX:SDG
-21.7%
AU Real Estate
5.4%
AU Market
SDG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sunland Group (SDG) 2.3% 6% 14.2% -1.9% 24.2% 11.3%
AU Real Estate 0.4% -1.6% 5.8% -21.7% -4.6% 0%
AU Market 1.7% 2.8% 5.5% 5.4% 25% 12.3%
1 Year Return vs Industry and Market
  • SDG outperformed the Real Estate industry which returned -21.7% over the past year.
  • SDG underperformed the Market in Australia which returned 5.4% over the past year.
Price Volatility
SDG
Industry
5yr Volatility vs Market

Value

 Is Sunland Group 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
Here we compare the current share price of Sunland Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sunland Group.

ASX:SDG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:SDG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.025 (1 + (1- 30%) (48.94%))
1.252
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.252 * 5.96%)
9.77%

Discounted Cash Flow Calculation for ASX:SDG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sunland Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:SDG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 9.77%)
2019 84.60 Analyst x1 77.07
2020 22.00 Analyst x1 18.26
2021 55.50 Analyst x1 41.96
2022 50.08 Est @ -9.76% 34.49
2023 47.01 Est @ -6.14% 29.50
2024 45.32 Est @ -3.6% 25.90
2025 44.49 Est @ -1.83% 23.16
2026 44.23 Est @ -0.59% 20.98
2027 44.35 Est @ 0.28% 19.17
2028 44.75 Est @ 0.89% 17.62
Present value of next 10 years cash flows A$308.10
ASX:SDG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$44.75 × (1 + 2.31%) ÷ (9.77% – 2.31%)
A$613.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$613.77 ÷ (1 + 9.77%)10
A$241.61
ASX:SDG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$308.10 + A$241.61
A$549.71
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$549.71 / 137.50
A$4
ASX:SDG Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$4.00
Current discount Discount to share price of A$1.77
= -1 x (A$1.77 - A$4.00) / A$4.00
55.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sunland Group is available for.
Intrinsic value
>50%
Share price is A$1.77 vs Future cash flow value of A$4
Current Discount Checks
For Sunland Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sunland Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sunland Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Sunland Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sunland Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SDG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.11
ASX:SDG Share Price ** ASX (2019-06-14) in AUD A$1.77
Australia Real Estate Industry PE Ratio Median Figure of 25 Publicly-Listed Real Estate Companies 11.65x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.2x

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

** Primary Listing of Sunland Group.

ASX:SDG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:SDG Share Price ÷ EPS (both in AUD)

= 1.77 ÷ 0.11

16.39x

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

  • Sunland Group is overvalued based on earnings compared to the AU Real Estate industry average.
  • Sunland Group is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Sunland Group's expected growth come at a high price?
Raw Data
ASX:SDG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
26.1%per year
Australia Real Estate Industry PEG Ratio Median Figure of 10 Publicly-Listed Real Estate Companies 0.67x
Australia Market PEG Ratio Median Figure of 357 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

ASX:SDG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.39x ÷ 26.1%

0.63x

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

  • Sunland Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sunland Group's assets?
Raw Data
ASX:SDG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$2.48
ASX:SDG Share Price * ASX (2019-06-14) in AUD A$1.77
Australia Real Estate Industry PB Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 1.07x
Australia Market PB Ratio Median Figure of 1,687 Publicly-Listed Companies 1.65x
ASX:SDG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:SDG Share Price ÷ Book Value per Share (both in AUD)

= 1.77 ÷ 2.48

0.71x

* Primary Listing of Sunland Group.

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

  • Sunland Group is good value based on assets compared to the AU Real Estate industry average.
X
Value checks
We assess Sunland Group'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. Sunland Group has a total score of 4/6, 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 Sunland Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
26.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sunland Group expected to grow at an attractive rate?
  • Sunland Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Sunland Group's earnings growth is expected to exceed the Australia market average.
  • Sunland Group's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:SDG Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:SDG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 26.1%
ASX:SDG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 41.1%
Australia Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 13.4%
Australia Real Estate Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*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
ASX:SDG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SDG Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 1,490 1
2022-06-30 995 1
2021-06-30 297 60 31 1
2020-06-30 305 27 28 1
2019-06-30 360 89 20 1
ASX:SDG Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 254 56 16
2018-09-30 275 60 24
2018-06-30 295 64 31
2018-03-31 447 124 47
2017-12-31 547 185 57
2017-09-30 475 89 46
2017-06-30 403 -7 35
2017-03-31 337 -45 34
2016-12-31 272 -83 33
2016-09-30 262 -77 32
2016-06-30 253 -72 32
2016-03-31 261 -49 31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sunland Group's earnings are expected to grow significantly at over 20% yearly.
  • Sunland Group's revenue is expected to grow significantly at over 20% yearly.
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
ASX:SDG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Sunland Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SDG Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 0.21 0.21 0.21 1.00
2020-06-30 0.18 0.18 0.18 1.00
2019-06-30 0.13 0.13 0.13 1.00
ASX:SDG Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.11
2018-09-30 0.16
2018-06-30 0.21
2018-03-31 0.31
2017-12-31 0.37
2017-09-30 0.30
2017-06-30 0.22
2017-03-31 0.22
2016-12-31 0.21
2016-09-30 0.20
2016-06-30 0.19
2016-03-31 0.18

*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.
  • Sunland Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sunland Group'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 Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia 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.
Sunland Group has a total score of 5/6, 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 Sunland Group 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 Sunland Group's growth in the last year to its industry (Real Estate).
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.
  • Sunland Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Sunland Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sunland Group's 1-year earnings growth is negative, it can't be compared to the AU Real Estate industry average.
Earnings and Revenue History
Sunland Group'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 Sunland Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SDG Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 254.16 16.12 14.05
2018-09-30 274.55 23.70 13.10
2018-06-30 294.94 31.27 12.14
2018-03-31 447.00 47.06 12.44
2017-12-31 546.52 56.89 12.73
2017-09-30 474.65 46.08 14.23
2017-06-30 402.78 35.28 15.73
2017-03-31 337.25 34.32 15.38
2016-12-31 271.71 33.37 15.03
2016-09-30 262.49 32.45 14.81
2016-06-30 253.26 31.53 14.59
2016-03-31 260.55 30.74 15.99
2015-12-31 267.85 29.96 17.38
2015-09-30 276.33 30.01 17.80
2015-06-30 284.80 30.06 18.22
2015-03-31 256.84 22.31 17.17
2014-12-31 228.87 14.55 16.13
2014-09-30 206.83 14.40 19.20
2014-06-30 184.79 14.25 22.27
2014-03-31 164.58 11.20 21.96
2013-12-31 144.38 8.15 21.66
2013-09-30 164.87 10.87 21.86
2013-06-30 185.36 13.59 22.07
2013-03-31 206.22 18.15 25.24
2012-12-31 227.07 22.72 28.41
2012-09-30 216.78 18.60 27.79
2012-06-30 206.49 14.49 27.18

*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.
  • Sunland Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sunland Group used its assets less efficiently than the AU Real Estate industry average last year based on Return on Assets.
  • Sunland Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sunland Group'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 Real Estate 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.
Sunland Group has a total score of 1/6, 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 Sunland Group'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 Sunland Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sunland Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sunland Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sunland Group'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x 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 Sunland Group Company Filings, last reported 5 months ago.

ASX:SDG Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 369.04 119.11 33.81
2018-09-30 369.04 119.11 33.81
2018-06-30 371.44 177.40 10.60
2018-03-31 371.44 177.40 10.60
2017-12-31 371.56 128.66 17.82
2017-09-30 371.56 128.66 17.82
2017-06-30 363.84 218.06 14.62
2017-03-31 363.84 218.06 14.62
2016-12-31 353.23 286.51 4.10
2016-09-30 353.23 286.51 4.10
2016-06-30 356.42 201.31 19.95
2016-03-31 356.42 201.31 19.95
2015-12-31 340.38 205.69 15.94
2015-09-30 340.38 205.69 15.94
2015-06-30 357.82 113.33 26.24
2015-03-31 357.82 113.33 26.24
2014-12-31 349.20 113.30 11.02
2014-09-30 349.20 113.30 11.02
2014-06-30 349.49 84.35 14.66
2014-03-31 349.49 84.35 14.66
2013-12-31 341.77 100.95 9.59
2013-09-30 341.77 100.95 9.59
2013-06-30 352.39 13.55 29.34
2013-03-31 352.39 13.55 29.34
2012-12-31 346.35 18.74 32.11
2012-09-30 346.35 18.74 32.11
2012-06-30 344.96 44.53 31.09
  • Sunland Group's level of debt (32.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (29.5% vs 32.3% today).
  • Debt is well covered by operating cash flow (47.2%, greater than 20% of total debt).
  • Sunland Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sunland Group'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. Sunland Group 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 Sunland Group'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
5.65%
Current annual income from Sunland Group dividends. Estimated to be 10.92% next year.
If you bought A$2,000 of Sunland Group shares you are expected to receive A$113 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?
  • Sunland Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.65%).
  • Sunland Group's dividend is below the markets top 25% of dividend payers in Australia (5.72%).
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
ASX:SDG 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 1 Analyst Estimates (S&P Global) See Below
Australia Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:SDG Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.42 1.00
2022-06-30 0.27 1.00
2021-06-30 0.10 1.00
2020-06-30 0.09 1.00
2019-06-30 0.08 1.00
ASX:SDG Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-19 0.100 6.206
2018-08-21 0.120 7.943
2018-02-21 0.090 5.029
2017-08-22 0.080 4.634
2017-02-22 0.090 5.153
2016-08-23 0.100 6.278
2016-02-24 0.060 4.034
2015-08-25 0.040 2.516
2015-02-26 0.040 2.252
2014-08-19 0.040 2.358
2014-02-25 0.040 2.461
2013-08-20 0.020 1.261
2010-08-24 0.000 0.000
2010-02-23 0.000 0.000
2009-08-26 0.000 0.000

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

  • Sunland Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Sunland Group only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Sunland Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Sunland Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Sunland Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sunland Group has a total score of 2/6, 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 Sunland Group'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
Sahba Abedian
COMPENSATION A$1,369,498
AGE 42
TENURE AS CEO 13.4 years
CEO Bio

Sahba Abedian, LLB (Bond University) is a qualified Lawyer and was admitted into the Supreme Court of Queensland in 1998 as a solicitor. He joined Sunland Group Limited in April 1998 as Legal Counsel/Company Secretary. In January 2000, he established the Group’s Victorian operations and is now the Managing Director of the Group.

CEO Compensation
  • Sahba's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Sahba's remuneration is higher than average for companies of similar size in Australia.
Management Team

Soheil Abedian

TITLE
Founder & Executive Chairman
COMPENSATION
A$1M
AGE
69

Sahba Abedian

TITLE
Managing Director
COMPENSATION
A$1M
AGE
42
TENURE
13.4 yrs

Grant Harrison

TITLE
Secretary & CFO
COMPENSATION
A$320K
AGE
51
TENURE
14.5 yrs

David Brown

TITLE
Executive Development Manager

David McMahon

TITLE
Executive Manager of Communities
Board of Directors Tenure

Average tenure and age of the Sunland Group board of directors in years:

8.3
Average Tenure
61
Average Age
  • The tenure for the Sunland Group board of directors is about average.
Board of Directors

Soheil Abedian

TITLE
Founder & Executive Chairman
COMPENSATION
A$1M
AGE
69
TENURE
7.6 yrs

Sahba Abedian

TITLE
Managing Director
COMPENSATION
A$1M
AGE
42
TENURE
18.4 yrs

Ron Eames

TITLE
Non-Executive Director
COMPENSATION
A$80K
AGE
61
TENURE
13.3 yrs

Craig Carracher

TITLE
Non-Executive Director
COMPENSATION
A$80K
AGE
52
TENURE
8.9 yrs

Chris Freeman

TITLE
Non-Executive Director
COMPENSATION
A$80K
AGE
73
TENURE
4.4 yrs

Rebecca Frizelle

TITLE
Non-Executive Director
COMPENSATION
A$37K
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Sunland Group'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. Sunland Group 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

Is Sunland Group Limited (ASX:SDG) An Attractive Dividend Stock?

Is Sunland Group Limited (ASX:SDG) a good dividend stock? … With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if Sunland Group is a new dividend aristocrat in the making. … There are a few simple ways to reduce the risks of buying Sunland Group for its dividend, and we'll go through these below.

Simply Wall St -

What Type Of Shareholder Owns Sunland Group Limited's (ASX:SDG)?

The big shareholder groups in Sunland Group Limited (ASX:SDG) have power over the company. … With a market capitalization of AU$233m, Sunland Group is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Sunland Group

Simply Wall St -

Does Sunland Group Limited's (ASX:SDG) CEO Salary Compare Well With Others?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … At the time of writing our data says that Sunland Group Limited has a market cap of AU$233m, and is paying total annual CEO compensation of AU$1.4m. … We looked at a group of companies with market capitalizations from AU$141m to AU$563m, and the median CEO total compensation was AU$753k.

Simply Wall St -

What You Should Know About Sunland Group Limited's (ASX:SDG) Financial Strength

However, an important fact which most ignore is: how financially healthy is the business? … Assessing first and foremost the financial health is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

Why Sunland Group Limited (ASX:SDG) Is An Attractive Investment To Consider

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Sunland Group Limited (ASX:SDG), it

Simply Wall St -

Sunland Group Limited (ASX:SDG): Should The Future Outlook Worry You?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … Looking at Sunland Group Limited's (ASX:SDG) earnings update in June 2018,

Simply Wall St -

With A -11% Earnings Drop, Did Sunland Group Limited (ASX:SDG) Really Underperform?

When Sunland Group Limited (ASX:SDG) announced its most recent earnings (30 June 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … SDG's trailing twelve-month earnings (from 30 June 2018) of AU$31m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 26%, indicating the rate at which SDG is growing has slowed down

Simply Wall St -

Can Sunland Group Limited's (ASX:SDG) ROE Continue To Surpass The Industry Average?

and want a simplistic look at the return on Sunland Group Limited (ASX:SDG) stock. … Sunland Group Limited (ASX:SDG) delivered an ROE of 13.70% over the past 12 months, which is relatively in-line with its industry average of 11.22% during the same period. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface

Simply Wall St -

What You Must Know About Sunland Group Limited's (ASX:SDG) ROE

See our latest analysis for Sunland Group Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs Sunland Group’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Sunland Group’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity ASX:SDG Last Perf Jun 6th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

Simply Wall St -

Sunland Group Limited (ASX:SDG): What Is Driving Earnings Margins?

To get a preliminary understanding, I will try to evaluate Sunland Group's margin behaviour to assist in analysing the revenue and cost anatomy behind the earnings expectations for the future and the impact it has on shareholder returns relative to the wider industry. … Margin Calculation for SDG Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 50.92 Million ÷ 493.81 Million = 10.31% Sunland Group's margin has expanded in the past five years, as a result of average net income growth of 18.70% surpassing average revenue growth of 11.30%, indicating that that the previous revenue growth has been acompanied by a growing portion translated in to earnings. … Understanding what could be driving Sunland Group's future earnings Based on future expectations, SDG's profit margin will shift towards contraction, with annual revenue growth tipped at 31.52% and earnings expected to fall at -6.08% on an annual basis.

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Company Info

Description

Sunland Group Limited develops and constructs residential properties in Australia. It operates through Residential Housing and Urban Development, and Multi-Storey segments. The Residential Housing and Urban Development segment is involved in land subdivision and medium density integrated housing developments, as well as provides project services. The Multi-Storey segment develops and sells medium-rise projects between 5 and 15 storeys, and high-rise developments above 15 storeys. Sunland Group Limited was founded in 1983 and is based in Brisbane, Australia.

Details
Name: Sunland Group Limited
SDG
Exchange: ASX
Founded: 1983
A$243,372,552
137,498,617
Website: http://www.sunlandgroup.com.au
Address: Sunland Group Limited
111 Eagle Street,
Suite 2602,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SDG Ordinary Shares Australian Securities Exchange AU AUD 13. Mar 1995
CHIA SDG Ordinary Shares Chi-X Australia AU AUD 13. Mar 1995
Number of employees
Current staff
Staff numbers
0
Sunland Group employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 10:35
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/02/21
Last earnings filing: 2019/02/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.