SHSE:600376

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Beijing Capital Development

Executive Summary

Beijing Capital Development Co., Ltd. operates as a real estate development company in China. More Details


Snowflake Analysis

Good value with reasonable growth potential and pays a dividend.

Share Price & News

How has Beijing Capital Development's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600376 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 600376's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-0.9%

600376

-0.5%

CN Real Estate

2.9%

CN Market


1 Year Return

-21.7%

600376

-6.0%

CN Real Estate

31.8%

CN Market

Return vs Industry: 600376 underperformed the CN Real Estate industry which returned -6% over the past year.

Return vs Market: 600376 underperformed the CN Market which returned 31.8% over the past year.


Shareholder returns

600376IndustryMarket
7 Day-0.9%-0.5%2.9%
30 Day-2.5%-1.6%7.2%
90 Day-13.7%-7.0%11.5%
1 Year-16.4%-21.7%-2.9%-6.0%34.0%31.8%
3 Year-36.2%-46.8%-26.6%-32.6%23.1%17.0%
5 Year-15.5%-33.0%-3.4%-13.8%51.6%41.1%

Long-Term Price Volatility Vs. Market

How volatile is Beijing Capital Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Beijing Capital Development undervalued compared to its fair value and its price relative to the market?

10.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600376 (CN¥5.81) is trading above our estimate of fair value (CN¥1.88)

Significantly Below Fair Value: 600376 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600376 is good value based on its PE Ratio (10.8x) compared to the CN Real Estate industry average (14.8x).

PE vs Market: 600376 is good value based on its PE Ratio (10.8x) compared to the CN market (35.1x).


Price to Earnings Growth Ratio

PEG Ratio: 600376 is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: 600376 is good value based on its PB Ratio (0.5x) compared to the CN Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Beijing Capital Development forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

50.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600376's forecast earnings growth (50.3% per year) is above the savings rate (3.3%).

Earnings vs Market: 600376's earnings (50.3% per year) are forecast to grow faster than the CN market (24.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 600376's revenue (19% per year) is forecast to grow faster than the CN market (18.3% per year).

High Growth Revenue: 600376's revenue (19% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600376's Return on Equity is forecast to be low in 3 years time (13%).


Next Steps

Past Performance

How has Beijing Capital Development performed over the past 5 years?

6.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600376 has a large one-off gain of CN¥842.3M impacting its September 30 2020 financial results.

Growing Profit Margin: 600376's current net profit margins (3%) are lower than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: 600376's earnings have grown by 6.8% per year over the past 5 years.

Accelerating Growth: 600376's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 600376 had negative earnings growth (-65.6%) over the past year, making it difficult to compare to the Real Estate industry average (-4.1%).


Return on Equity

High ROE: 600376's Return on Equity (5.1%) is considered low.


Next Steps

Financial Health

How is Beijing Capital Development's financial position?


Financial Position Analysis

Short Term Liabilities: 600376's short term assets (CN¥284.2B) exceed its short term liabilities (CN¥160.7B).

Long Term Liabilities: 600376's short term assets (CN¥284.2B) exceed its long term liabilities (CN¥107.3B).


Debt to Equity History and Analysis

Debt Level: 600376's debt to equity ratio (217.2%) is considered high.

Reducing Debt: 600376's debt to equity ratio has reduced from 273.2% to 217.2% over the past 5 years.

Debt Coverage: 600376's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 600376's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Beijing Capital Development current dividend yield, its reliability and sustainability?

6.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600376's dividend (6.88%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 600376's dividend (6.88%) is in the top 25% of dividend payers in the CN market (1.81%)


Stability and Growth of Payments

Stable Dividend: 600376's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600376's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74.1%), 600376's dividend payments are 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?

11.7yrs

Average management tenure


CEO

Beijing Capital Development has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Baohua Xing
Chief Financial Officer10.42yrsCN¥1.45mno data
Longjie Zhao
Deputy General Managerno dataCN¥1.46mno data
An Liu
Deputy General Managerno dataCN¥1.39mno data
Rui Shen Hu
Chief Engineer12.92yrsCN¥1.46mno data
Hongwei Wang
Chief Economist12.92yrsCN¥1.45mno data
Yi Wang
Secretary of the Board12.92yrsCN¥1.39mno data
Meng Tian
Vice President9.58yrsCN¥1.51mno data
Yu Rong
Chief Accountant2yrsno datano data

11.7yrs

Average Tenure

Experienced Management: 600376's management team is seasoned and experienced (11.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Wen Pan
Director8.17yrsno datano data
Maozhu Sun
Independent Director2yrsno datano data
Tao Bai
Independent Directorno dataCN¥104.20kno data
Qiu Xiaohua
Independent Directorno dataCN¥41.90kno data
Yan Li
Chairman of the Board2yrsno datano data
Guohong Zhang
Employee Supervisor2yrsno datano data
Gang Chen
Supervisor2yrsno datano data
Yan Pei
Employee Supervisor2yrsno datano data
Lixin Wang
Supervisor2yrsno datano data
Hongbin Wang
Directorno datano datano data
Lichuan Wang
Director0.83yrno datano data

2.0yrs

Average Tenure

52yo

Average Age

Experienced Board: 600376's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


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

Beijing Capital Development Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Beijing Capital Development Co., Ltd.
  • Ticker: 600376
  • Exchange: SHSE
  • Founded: NaN
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥14.987b
  • Shares outstanding: 2.58b
  • Website: https://www.shoukaigufen.com

Number of Employees


Location

  • Beijing Capital Development Co., Ltd.
  • No. 156,Fuxingmennei Street
  • Block D
  • Beijing
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600376SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYMar 2001
600376XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYMar 2001

Biography

Beijing Capital Development Co., Ltd. operates as a real estate development company in China. It develops and manages residential and commercial properties; and operates and manages hotels. The company is ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 09:22
End of Day Share Price2021/01/22 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.