SHSE:600340

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China Fortune Land Development

Market Cap

CN¥16.9b

Last Updated

2021/07/31 09:23 UTC

Data Sources

Company Financials +

Executive Summary

China Fortune Land Development Co., Ltd. engages in the investment, development, construction, and operation of new industrial cities and commercial real estate in China, Indonesia, and internationally. More Details


Snowflake Analysis

Fair value with moderate growth potential.


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 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 600340's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-12.3%

600340

-7.2%

CN Real Estate

-3.8%

CN Market


1 Year Return

-75.0%

600340

-23.6%

CN Real Estate

3.5%

CN Market

Return vs Industry: 600340 underperformed the CN Real Estate industry which returned -26.5% over the past year.

Return vs Market: 600340 underperformed the CN Market which returned 3.6% over the past year.


Shareholder returns

600340IndustryMarket
7 Day-12.3%-7.2%-3.8%
30 Day-16.9%-12.2%-3.6%
90 Day-22.3%-12.4%1.7%
1 Year-75.0%-75.0%-21.3%-23.6%5.0%3.5%
3 Year-73.4%-75.8%-8.1%-15.8%56.8%48.8%
5 Year-75.1%-78.4%-26.8%-34.1%25.6%16.8%

Long-Term 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¥4.33) is trading below our estimate of fair value (CN¥49.79)

Significantly Below Fair Value: 600340 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 600340 is unprofitable, so we can't compare its PE Ratio to the CN Real Estate industry average.

PE vs Market: 600340 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 600340's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 600340 is good value based on its PB Ratio (0.3x) compared to the CN Real Estate industry average (0.9x).


Future Growth

How is China Fortune Land Development forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

49.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600340 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.3%).

Earnings vs Market: 600340 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 600340's is expected to become profitable in the next 3 years.

Revenue vs Market: 600340's revenue (9.3% per year) is forecast to grow slower than the CN market (18% per year).

High Growth Revenue: 600340's revenue (9.3% 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 600340's Return on Equity is forecast to be high in 3 years time


Past Performance

How has China Fortune Land Development performed over the past 5 years?

6.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600340 is currently unprofitable.

Growing Profit Margin: 600340 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 600340 is unprofitable, but has reduced losses over the past 5 years at a rate of 6.2% per year.

Accelerating Growth: Unable to compare 600340's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 600340 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (9.2%).


Return on Equity

High ROE: 600340 has a negative Return on Equity (-2.29%), as it is currently unprofitable.


Financial Health

How is China Fortune Land Development's financial position?


Financial Position Analysis

Short Term Liabilities: 600340's short term assets (CN¥433.6B) exceed its short term liabilities (CN¥292.6B).

Long Term Liabilities: 600340's short term assets (CN¥433.6B) exceed its long term liabilities (CN¥102.6B).


Debt to Equity History and Analysis

Debt Level: 600340's debt to equity ratio (212.2%) is considered high.

Reducing Debt: 600340's debt to equity ratio has increased from 170.2% to 212.2% 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 not well covered by EBIT (1x coverage).


Balance Sheet


Dividend

What is China Fortune Land Development current dividend yield, its reliability and sustainability?

13.55%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 600340's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 600340'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 600340's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 600340's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 600340 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 600340'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?

2.5yrs

Average management tenure


CEO

Xiangdong Wu (54 yo)

2.33yrs

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

Experienced Management: 600340's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: 600340's board of directors are considered experienced (7.6 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¥16.944b
  • Shares outstanding: 3.91b
  • Website: https://www.cfldcn.com

Number of Employees


Location

  • China Fortune Land Development Co., Ltd.
  • Jiacheng Plaza
  • 9th Floor, Block A
  • Beijing
  • 100027
  • China

Listings


Biography

China Fortune Land Development Co., Ltd. engages in the investment, development, construction, and operation of new industrial cities and commercial real estate in China, Indonesia, and internationally. Th...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 09:23
End of Day Share Price2021/07/30 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.