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Tianjin Realty Development (Group)SHSE:600322 Stock Report

Market Cap

CN¥2.2b

7D

1.6%

1Y

-25.2%

Updated

23 Sep, 2021

Data

Company Financials
600322 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

600322 Overview

Tianjin Realty Development (Group) Co., Ltd.

Price History & Performance

Summary of all time highs, changes and price drops for Tianjin Realty Development (Group)
Historical stock prices
Current Share PriceCN¥1.96
52 Week HighCN¥1.69
52 Week LowCN¥2.67
Beta0.36
1 Month Change7.69%
3 Month Change0%
1 Year Change-25.19%
3 Year Change-53.33%
5 Year Change-69.23%
Change since IPO-66.44%

Recent News & Updates

Shareholder Returns

600322CN Real EstateCN Market
7D1.6%4.2%0.6%
1Y-25.2%-16.4%13.7%

Return vs Industry: 600322 underperformed the CN Real Estate industry which returned -20.3% over the past year.

Return vs Market: 600322 underperformed the CN Market which returned 10.4% over the past year.

Price Volatility

Is 600322's price volatile compared to industry and market?
600322 volatility
600322 Beta0.36
Industry Beta0.71
Market Beta1

Stable Share Price: 600322 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 600322's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1981591Jian Sunhttps://www.tffzgroup.cn

Tianjin Realty Development (Group) Co., Ltd. operates as a real estate development company in China. It also operates and manages real estate properties; sells commercial housing; operates commercial assets; and manages building materials.

Tianjin Realty Development (Group) Fundamentals Summary

How do Tianjin Realty Development (Group)'s earnings and revenue compare to its market cap?
600322 fundamental statistics
Market CapCN¥2.17b
Earnings (TTM)-CN¥2.62b
Revenue (TTM)CN¥2.03b

1.1x

P/S Ratio

-0.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600322 income statement (TTM)
RevenueCN¥2.03b
Cost of RevenueCN¥4.58b
Gross Profit-CN¥2.55b
ExpensesCN¥71.63m
Earnings-CN¥2.62b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-2.37
Gross Margin-125.37%
Net Profit Margin-128.90%
Debt/Equity Ratio391.5%

How did 600322 perform over the long term?

See historical performance and comparison

Valuation

Is Tianjin Realty Development (Group) undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 600322 (CN¥1.96) is trading below our estimate of fair value (CN¥23.42)

Significantly Below Fair Value: 600322 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 600322 is unprofitable, so we can't compare its PE Ratio to the CN Real Estate industry average.

PE vs Market: 600322 is unprofitable, so we can't compare its PE Ratio to the CN market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 600322's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 600322's PB Ratio (1.1x) is in line with the CN Real Estate industry average.


Future Growth

How is Tianjin Realty Development (Group) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.2%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tianjin Realty Development (Group) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Tianjin Realty Development (Group) performed over the past 5 years?

-61.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600322 is currently unprofitable.

Growing Profit Margin: 600322 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 600322 is unprofitable, and losses have increased over the past 5 years at a rate of 61% per year.

Accelerating Growth: Unable to compare 600322's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 600322 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (19.2%).


Return on Equity

High ROE: 600322 has a negative Return on Equity (-116.91%), as it is currently unprofitable.


Financial Health

How is Tianjin Realty Development (Group)'s financial position?


Financial Position Analysis

Short Term Liabilities: 600322's short term assets (CN¥20.8B) exceed its short term liabilities (CN¥14.4B).

Long Term Liabilities: 600322's short term assets (CN¥20.8B) exceed its long term liabilities (CN¥6.3B).


Debt to Equity History and Analysis

Debt Level: 600322's debt to equity ratio (391.5%) is considered high.

Reducing Debt: 600322's debt to equity ratio has increased from 314.8% to 391.5% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 600322 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 600322 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 46.3% per year.


Dividend

What is Tianjin Realty Development (Group) current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 600322's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 600322's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 600322's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 600322's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 600322 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 600322's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

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

CN¥463k

CEO Compensation


CEO

Jian Sun (57 yo)

no data

Tenure

CN¥462,500

Compensation

Mr. Jian Feng Sun serves as Acting Chairman and General Manager of Tianjin Realty Development (Group) Co., Ltd. (formerly known as Tianjin Reality Development (Group) Co., Ltd.) He served as Deputy General...


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

Tianjin Realty Development (Group) Co., Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Tianjin Realty Development (Group) Co., Ltd.
  • Ticker: 600322
  • Exchange: SHSE
  • Founded: 1981
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥2.167b
  • Shares outstanding: 1.11b
  • Website: https://www.tffzgroup.cn

Number of Employees


Location

  • Tianjin Realty Development (Group) Co., Ltd.
  • 80 Changde Road
  • Heping District
  • Tianjin
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 15:55
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
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.