China Fortune Land Development Co., Ltd. engages in the investment, development, construction, and operation of new industry cities in China, Indonesia, and internationally.
Exceptional growth potential average dividend payer.
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.
7 Day Return
CN Real Estate
1 Year Return
CN Real Estate
Return vs Industry: 600340 underperformed the CN Real Estate industry which returned -23.3% over the past year.
Return vs Market: 600340 underperformed the CN Market which returned -7% over the past year.
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
Is China Fortune Land Development undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 600340 (CN¥21.58) is trading above our estimate of fair value (CN¥19.71)
Significantly Below Fair Value: 600340 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 600340 is good value based on its PE Ratio (4.9x) compared to the Real Estate industry average (12.8x).
PE vs Market: 600340 is good value based on its PE Ratio (4.9x) compared to the CN market (33.7x).
Price to Earnings Growth Ratio
PEG Ratio: 600340 is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: 600340 is overvalued based on its PB Ratio (1.4x) compared to the CN Real Estate industry average (1.1x).
How is China Fortune Land Development forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600340's forecast earnings growth (25.1% per year) is above the savings rate (3.2%).
Earnings vs Market: 600340's earnings (25.1% per year) are forecast to grow faster than the CN market (20.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 600340's revenue (24.4% per year) is forecast to grow faster than the CN market (15.8% per year).
High Growth Revenue: 600340's revenue (24.4% per year) is forecast to grow faster 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 (30.1%)
How has China Fortune Land Development performed over the past 5 years?
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 (13.2%) are lower than last year (14.2%).
Past Earnings Growth Analysis
Earnings Trend: 600340's earnings have grown significantly by 27.8% per year over the past 5 years.
Accelerating Growth: 600340's earnings growth over the past year (29.8%) exceeds its 5-year average (27.8% per year).
Earnings vs Industry: 600340 earnings growth over the past year (29.8%) exceeded the Real Estate industry 7.2%.
Return on Equity
High ROE: Whilst 600340's Return on Equity (20.5%) is high, this metric is skewed due to their high level of debt.
How is China Fortune Land Development's financial position?
Financial Position Analysis
Short Term Liabilities: 600340's short term assets (CN¥402.4B) exceed its short term liabilities (CN¥252.8B).
Long Term Liabilities: 600340's short term assets (CN¥402.4B) exceed its long term liabilities (CN¥125.5B).
Debt to Equity History and Analysis
Debt Level: 600340's debt to equity ratio (265.5%) is considered high.
Reducing Debt: 600340's debt to equity ratio has increased from 180.8% to 265.5% 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 (56.4x coverage).
What is China Fortune Land Development's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600340's dividend (5.56%) is higher than the bottom 25% of dividend payers in the CN market (0.44%).
High Dividend: 600340's dividend (5.56%) is in the top 25% of dividend payers in the CN market (1.96%)
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 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.1%), 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 (31.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Jing Meng (52yo)
Mr. Jing Meng serves as the President at China Fortune Land Development Co., Ltd. Mr. Meng served as the Chief Executive Officer of China Fortune Land Development Co., Ltd. He served as a Manager of the Hu ...
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
China Fortune Land Development Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: China Fortune Land Development Co., Ltd.
- Ticker: 600340
- Exchange: SHSE
- Founded: 1998
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: CN¥65.027b
- Shares outstanding: 3.01b
- Website: https://www.cfldcn.com
Number of Employees
- China Fortune Land Development Co., Ltd.
- Tower A, Gateway Plaza
- 7th Floor
|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|
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 as China Fortune Real Estate Development Co., Ltd. and changed its name to China Fortune Land Development Co., Ltd. in December 2007. The company was founded in 1998 and is headquartered in Beijing, China.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/09 17:59|
|End of Day Share Price||2020/04/09 00:00|
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.