SHSE:600064

Stock Analysis Report

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Header cover image

Market Cap

CN¥10.1b

Last Updated

2021/07/29 15:34 UTC

Data Sources

Company Financials +

Executive Summary

Nanjing Gaoke Company Limited engages in real estate development business in China. More Details


Snowflake Analysis

Adequate balance sheet with proven track record and pays a dividend.

Share Price & News

How has Nanjing Gaoke's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600064 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 600064's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-7.6%

600064

-7.9%

CN Real Estate

-3.8%

CN Market


1 Year Return

-21.4%

600064

-26.3%

CN Real Estate

4.1%

CN Market

Return vs Industry: 600064 exceeded the CN Real Estate industry which returned -26.5% over the past year.

Return vs Market: 600064 underperformed the CN Market which returned 2.6% over the past year.


Shareholder returns

600064IndustryMarket
7 Day-7.6%-7.9%-3.8%
30 Day-13.0%-11.7%-3.8%
90 Day-16.1%-15.1%1.8%
1 Year-17.3%-21.4%-24.1%-26.3%5.6%4.1%
3 Year30.5%16.6%-6.3%-14.5%57.7%49.7%
5 Year-10.0%-22.2%-25.7%-33.6%28.0%19.0%

Long-Term Price Volatility Vs. Market

How volatile is Nanjing Gaoke's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Nanjing Gaoke undervalued compared to its fair value and its price relative to the market?

5.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600064 (CN¥8.14) is trading above our estimate of fair value (CN¥6.81)

Significantly Below Fair Value: 600064 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600064 is good value based on its PE Ratio (5.1x) compared to the CN Real Estate industry average (13.3x).

PE vs Market: 600064 is good value based on its PE Ratio (5.1x) compared to the CN market (30.6x).


Price to Earnings Growth Ratio

PEG Ratio: 600064's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 600064 is good value based on its PB Ratio (0.7x) compared to the CN Real Estate industry average (0.9x).


Future Growth

How is Nanjing Gaoke forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-11.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600064's earnings are forecast to decline over the next 3 years (-11.1% per year).

Earnings vs Market: 600064's earnings are forecast to decline over the next 3 years (-11.1% per year).

High Growth Earnings: 600064's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 600064's revenue (6.6% per year) is forecast to grow slower than the CN market (17.9% per year).

High Growth Revenue: 600064's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 600064's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Nanjing Gaoke performed over the past 5 years?

21.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600064 has a high level of non-cash earnings.

Growing Profit Margin: 600064's current net profit margins (47.8%) are higher than last year (45.5%).


Past Earnings Growth Analysis

Earnings Trend: 600064's earnings have grown significantly by 21.9% per year over the past 5 years.

Accelerating Growth: 600064's earnings growth over the past year (29.5%) exceeds its 5-year average (21.9% per year).

Earnings vs Industry: 600064 earnings growth over the past year (29.5%) exceeded the Real Estate industry 9.2%.


Return on Equity

High ROE: 600064's Return on Equity (14.1%) is considered low.


Financial Health

How is Nanjing Gaoke's financial position?


Financial Position Analysis

Short Term Liabilities: 600064's short term assets (CN¥16.8B) exceed its short term liabilities (CN¥15.1B).

Long Term Liabilities: 600064's short term assets (CN¥16.8B) exceed its long term liabilities (CN¥1.7B).


Debt to Equity History and Analysis

Debt Level: 600064's debt to equity ratio (36.5%) is considered satisfactory.

Reducing Debt: 600064's debt to equity ratio has increased from 32.9% to 36.5% over the past 5 years.

Debt Coverage: 600064's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 600064 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Nanjing Gaoke current dividend yield, its reliability and sustainability?

6.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600064's dividend (6.14%) is higher than the bottom 25% of dividend payers in the CN market (0.44%).

High Dividend: 600064's dividend (6.14%) is in the top 25% of dividend payers in the CN market (1.95%)


Stability and Growth of Payments

Stable Dividend: 600064's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600064's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.2%), 600064's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

CN¥798k

CEO Compensation


CEO

Yang Lu (49 yo)

no data

Tenure

CN¥797,500

Compensation

Mr. Lu Yang Jun serves as President and Director of Nanjing Gaoke Company Limited and served as its Vice President.


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

Nanjing Gaoke Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nanjing Gaoke Company Limited
  • Ticker: 600064
  • Exchange: SHSE
  • Founded: 1992
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: CN¥10.061b
  • Shares outstanding: 1.24b
  • Website: https://www.600064.com

Number of Employees


Location

  • Nanjing Gaoke Company Limited
  • Hi-Tech Center
  • Block A
  • Nanjing
  • Jiangsu Province
  • 210023
  • China

Listings


Biography

Nanjing Gaoke Company Limited engages in real estate development business in China. The company’s property portfolio includes ordinary residential properties, high-grade villas, commercial real estate prop...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/29 15:34
End of Day Share Price2021/07/29 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.