SHSE:600048

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Poly Developments and Holdings Group

Executive Summary

Poly Developments and Holdings Group Co., Ltd. More Details


Snowflake Analysis

6 star dividend payer with solid track record.

Share Price & News

How has Poly Developments and Holdings Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600048 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 600048's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

2.2%

600048

0.5%

CN Real Estate

-1.2%

CN Market


1 Year Return

-3.7%

600048

-10.1%

CN Real Estate

25.4%

CN Market

Return vs Industry: 600048 exceeded the CN Real Estate industry which returned -10.1% over the past year.

Return vs Market: 600048 underperformed the CN Market which returned 25.4% over the past year.


Shareholder returns

600048IndustryMarket
7 Day2.2%0.5%-1.2%
30 Day-3.3%-3.6%4.3%
90 Day-4.7%-7.8%5.8%
1 Year1.7%-3.7%-7.2%-10.1%27.5%25.4%
3 Year1.6%-10.2%-24.5%-30.6%23.2%17.0%
5 Year109.4%72.3%-9.4%-18.9%39.0%29.5%

Long-Term Price Volatility Vs. Market

How volatile is Poly Developments and Holdings Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Poly Developments and Holdings Group undervalued compared to its fair value and its price relative to the market?

6.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600048 (CN¥15.52) is trading above our estimate of fair value (CN¥9.6)

Significantly Below Fair Value: 600048 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600048 is good value based on its PE Ratio (6.5x) compared to the CN Real Estate industry average (14.5x).

PE vs Market: 600048 is good value based on its PE Ratio (6.5x) compared to the CN market (35x).


Price to Earnings Growth Ratio

PEG Ratio: 600048 is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: 600048's PB Ratio (1.1x) is in line with the CN Real Estate industry average.


Next Steps

Future Growth

How is Poly Developments and Holdings Group forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

15.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600048's forecast earnings growth (15.3% per year) is above the savings rate (3.3%).

Earnings vs Market: 600048's earnings (15.3% per year) are forecast to grow slower than the CN market (24.3% per year).

High Growth Earnings: 600048's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600048's revenue (16.7% per year) is forecast to grow slower than the CN market (18.1% per year).

High Growth Revenue: 600048's revenue (16.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600048's Return on Equity is forecast to be low in 3 years time (18.7%).


Next Steps

Past Performance

How has Poly Developments and Holdings Group performed over the past 5 years?

20.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600048 has high quality earnings.

Growing Profit Margin: 600048's current net profit margins (11.7%) are higher than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: 600048's earnings have grown significantly by 20.1% per year over the past 5 years.

Accelerating Growth: 600048's earnings growth over the past year (27.4%) exceeds its 5-year average (20.1% per year).

Earnings vs Industry: 600048 earnings growth over the past year (27.4%) exceeded the Real Estate industry -3.3%.


Return on Equity

High ROE: 600048's Return on Equity (15.1%) is considered low.


Next Steps

Financial Health

How is Poly Developments and Holdings Group's financial position?


Financial Position Analysis

Short Term Liabilities: 600048's short term assets (CN¥1,049.1B) exceed its short term liabilities (CN¥655.9B).

Long Term Liabilities: 600048's short term assets (CN¥1,049.1B) exceed its long term liabilities (CN¥238.9B).


Debt to Equity History and Analysis

Debt Level: 600048's debt to equity ratio (119.3%) is considered high.

Reducing Debt: 600048's debt to equity ratio has reduced from 133.6% to 119.3% over the past 5 years.

Debt Coverage: 600048's debt is not well covered by operating cash flow (3.9%).

Interest Coverage: 600048 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Poly Developments and Holdings Group current dividend yield, its reliability and sustainability?

5.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600048's dividend (5.28%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).

High Dividend: 600048's dividend (5.28%) is in the top 25% of dividend payers in the CN market (1.81%)


Stability and Growth of Payments

Stable Dividend: 600048's dividends per share have been stable in the past 10 years.

Growing Dividend: 600048's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.5%), 600048's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 600048's dividends in 3 years are forecast to be well covered by earnings (32.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average management tenure


CEO

Ping Liu (51 yo)

no data

Tenure

CN¥541,000

Compensation

Mr. Ping Liu serves as Chairman of the Board at Xinbao (Tianjin) Equity Investment Fund Management Co., Ltd. He serves as Director and General Manager at Poly Developments and Holdings Group Co., Ltd. and ...


Leadership Team

NamePositionTenureCompensationOwnership
Ping Liu
GM & Directorno dataCN¥541.00k0.061%
CN¥ 113.2m
Dong Zhou
Chief Financial Officerno dataCN¥424.00k0.0046%
CN¥ 8.6m
Dongju Chen
Deputy General Manager8.75yrsCN¥437.00k0.0074%
CN¥ 13.7m
Wei Zhang
Deputy General Manager8.75yrsCN¥365.00k0.0027%
CN¥ 5.1m
Zhihua Pan
Deputy General Manager2yrsCN¥356.00k0.00044%
CN¥ 817.2k
Hai Huang
Secretaryno dataCN¥377.00k0.0082%
CN¥ 15.2m
Guan Bao
Chief Technology Officerno dataCN¥330.00kno data
Wensheng Liu
Deputy General Manager1.5yrsno data0.0043%
CN¥ 8.0m
Junfeng Kong
Deputy General Manager2yrsno datano data
Ying Yu
Deputy General Manager8.75yrsCN¥480.00kno data

5.4yrs

Average Tenure

51yo

Average Age

Experienced Management: 600048's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ping Liu
GM & Directorno dataCN¥541.00k0.061%
CN¥ 113.2m
Zhengao Zhang
Director8.75yrsno datano data
Li Fei
Independent Director2.33yrsCN¥20.00kno data
Jinsong Tan
Independent Director8.75yrsCN¥200.00kno data
Guangju Song
Chairman8.75yrsno datano data
Zheng Fu Zhu
Independent Directorno dataCN¥20.00kno data
Wan Shun Zhang
Directorno datano data0.0046%
CN¥ 8.6m
Bihong Peng
Director8.75yrsCN¥433.00kno data
Liqing Zhang
Independent Director8.75yrsCN¥200.00kno data
Jun Fu
Chairman of Supervisory Boardno datano datano data
Yi Xing
Directorno datano datano data
Deming Dai
Independent Director2.33yrsCN¥20.00kno data

8.8yrs

Average Tenure

57yo

Average Age

Experienced Board: 600048's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Poly Developments and Holdings Group Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Poly Developments and Holdings Group Co., Ltd.
  • Ticker: 600048
  • Exchange: SHSE
  • Founded: 1992
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥185.737b
  • Shares outstanding: 11.97b
  • Website: https://www.polycn.com

Number of Employees


Location

  • Poly Developments and Holdings Group Co., Ltd.
  • Poly International Plaza
  • 30-33, North Tower
  • Guangzhou
  • Guangdong Province
  • 510308
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600048SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYJul 2006
600048XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYJul 2006

Biography

Poly Developments and Holdings Group Co., Ltd. develops, invests in, and operates real estate properties in China and internationally. The company develops residential and commercial office buildings, hote...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 09:26
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.