China Fortune Land Development
Market Cap
CN¥58.8b
Last Updated
2020/10/19 15:35 UTC
Data Sources
Company Financials +
Executive Summary
China Fortune Land Development Co., Ltd. engages in the investment, development, construction, and operation of new industry cities in China, Indonesia, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued average dividend payer.
Similar Companies
Share Price & News
How has China Fortune Land Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 600340's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-3.5%
600340
-2.8%
CN Real Estate
-1.7%
CN Market
1 Year Return
-32.7%
600340
1.2%
CN Real Estate
29.0%
CN Market
Return vs Industry: 600340 underperformed the CN Real Estate industry which returned 3.1% over the past year.
Return vs Market: 600340 underperformed the CN Market which returned 29.6% over the past year.
Shareholder returns
| 600340 | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.5% | -2.8% | -1.7% |
| 30 Day | -8.5% | -6.1% | 0.3% |
| 90 Day | -19.9% | -7.2% | -0.3% |
| 1 Year | -28.9%-32.7% | 4.6%1.2% | 31.2%29.0% |
| 3 Year | -28.1%-36.6% | -6.3%-13.4% | 13.6%8.2% |
| 5 Year | -11.9%-25.4% | -13.3%-21.9% | 12.4%4.8% |
Price Volatility Vs. Market
How volatile is China Fortune Land Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is China Fortune Land Development 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: 600340 (CN¥15.02) is trading below our estimate of fair value (CN¥105.22)
Significantly Below Fair Value: 600340 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 600340 is good value based on its PE Ratio (4.3x) compared to the CN Real Estate industry average (18.8x).
PE vs Market: 600340 is good value based on its PE Ratio (4.3x) compared to the CN market (41.9x).
Price to Earnings Growth Ratio
PEG Ratio: 600340 is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: 600340's PB Ratio (1.2x) is in line with the CN Real Estate industry average.
Next Steps
Future Growth
How is China Fortune Land Development forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
14.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600340's forecast earnings growth (14.4% per year) is above the savings rate (3.3%).
Earnings vs Market: 600340's earnings (14.4% per year) are forecast to grow slower than the CN market (24.2% per year).
High Growth Earnings: 600340's earnings are forecast to grow, but not significantly.
Revenue vs Market: 600340's revenue (16.2% per year) is forecast to grow slower than the CN market (17.7% per year).
High Growth Revenue: 600340's revenue (16.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 600340's Return on Equity is forecast to be high in 3 years time (28.6%)
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Past Performance
How has China Fortune Land Development performed over the past 5 years?
24.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600340 has a high level of non-cash earnings.
Growing Profit Margin: 600340's current net profit margins (11.7%) are lower than last year (15.2%).
Past Earnings Growth Analysis
Earnings Trend: 600340's earnings have grown significantly by 24.1% per year over the past 5 years.
Accelerating Growth: 600340's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 600340 had negative earnings growth (-8.3%) over the past year, making it difficult to compare to the Real Estate industry average (-9.6%).
Return on Equity
High ROE: 600340's Return on Equity (15.1%) is considered low.
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Financial Health
How is China Fortune Land Development's financial position?
Financial Position Analysis
Short Term Liabilities: 600340's short term assets (CN¥455.6B) exceed its short term liabilities (CN¥298.1B).
Long Term Liabilities: 600340's short term assets (CN¥455.6B) exceed its long term liabilities (CN¥116.4B).
Debt to Equity History and Analysis
Debt Level: 600340's debt to equity ratio (239.1%) is considered high.
Reducing Debt: 600340's debt to equity ratio has increased from 237.7% to 239.1% over the past 5 years.
Debt Coverage: 600340's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600340's interest payments on its debt are well covered by EBIT (5.9x coverage).
Balance Sheet
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Dividend
What is China Fortune Land Development current dividend yield, its reliability and sustainability?
7.68%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600340's dividend (7.68%) is higher than the bottom 25% of dividend payers in the CN market (0.35%).
High Dividend: 600340's dividend (7.68%) is in the top 25% of dividend payers in the CN market (1.64%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 600340 has been paying a dividend for less than 10 years.
Growing Dividend: 600340's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.3%), 600340's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 600340's dividends in 3 years are forecast to be well covered by earnings (27.6% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Xiangdong Wu (53 yo)
1.67yrs
Tenure
CN¥38,689,300
Compensation
Mr. Xiangdong Wu serves as the Chief Executive Officer, President and Director at China Fortune Land Development Co., Ltd. since February 19, 2019, its Co-Chairman since March 18, 2019. He has been an Inde ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Chairman | 1.67yrs | CN¥38.69m | 0.15% CN¥ 88.8m | |
| Director & Co-President | 6.83yrs | CN¥20.21m | 0.22% CN¥ 132.1m | |
| Co-President | 1.83yrs | CN¥29.00m | 0.095% CN¥ 55.8m | |
| VP & CFO | no data | CN¥7.06m | 0.075% CN¥ 44.0m | |
| VP & Head of Human Resources Department | no data | CN¥6.23m | 0.048% CN¥ 27.9m | |
| Director & VP | 7.83yrs | CN¥8.29m | 0.11% CN¥ 63.8m | |
| Secretary of the Board of Directors | 4.42yrs | CN¥2.90m | 0.029% CN¥ 17.2m | |
| Vice President | no data | CN¥8.63m | 0.052% CN¥ 30.5m | |
| Member of Supervisory Board & Senior Professional Director of Department of Legal Affairs | 6.83yrs | CN¥266.50k | no data | |
| Employee Supervisor & Director of Financial Division | 3.42yrs | no data | no data |
1.8yrs
Average Tenure
44yo
Average Age
Experienced Management: 600340's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Chairman | 1.67yrs | CN¥38.69m | 0.15% CN¥ 88.8m | |
| Director & Co-President | 6.83yrs | CN¥20.21m | 0.22% CN¥ 132.1m | |
| Director & VP | 7.83yrs | CN¥8.29m | 0.11% CN¥ 63.8m | |
| Member of Supervisory Board & Senior Professional Director of Department of Legal Affairs | 6.83yrs | CN¥266.50k | no data | |
| Employee Supervisor & Director of Financial Division | 3.42yrs | no data | no data | |
| Independent Director | 6.83yrs | CN¥200.00k | no data | |
| Director | 2yrs | no data | no data | |
| Chairman | no data | CN¥8.55m | no data | |
| Independent Director | 6.83yrs | CN¥200.00k | no data | |
| Chairman of the Board of Supervisors | 6.83yrs | CN¥448.30k | no data | |
| Director | 2yrs | no data | no data | |
| Independent director | 2.83yrs | CN¥200.00k | no data |
6.8yrs
Average Tenure
49yo
Average Age
Experienced Board: 600340's board of directors are considered experienced (6.8 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
China Fortune Land Development Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Fortune Land Development Co., Ltd.
- Ticker: 600340
- Exchange: SHSE
- Founded: 1998
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: CN¥58.787b
- Shares outstanding: 3.91b
- Website: https://www.cfldcn.com
Number of Employees
Location
- China Fortune Land Development Co., Ltd.
- Tower A, Gateway Plaza
- 7th Floor
- Beijing
- 100027
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 600340 | SHSE (Shanghai Stock Exchange) | Yes | Domestic Shares | CN | CNY | Sep 2011 |
| 600340 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Yes | Domestic Shares | CN | CNY | Sep 2011 |
Biography
China Fortune Land Development Co., Ltd. engages in the investment, development, construction, and operation of new industry cities in China, Indonesia, and internationally. The company was formerly known ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/19 15:35 |
| End of Day Share Price | 2020/10/19 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.