SHSE:600383

Stock Analysis Report

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Executive Summary

Gemdale Corporation engages in real estate business in China and internationally. More Details


Snowflake Analysis

Undervalued established dividend payer.


Similar Companies

Share Price & News

How has Gemdale's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600383 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 600383's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-10.6%

600383

-3.4%

CN Real Estate

1.9%

CN Market


1 Year Return

-11.3%

600383

-7.2%

CN Real Estate

32.4%

CN Market

Return vs Industry: 600383 underperformed the CN Real Estate industry which returned -7.2% over the past year.

Return vs Market: 600383 underperformed the CN Market which returned 32.4% over the past year.


Shareholder returns

600383IndustryMarket
7 Day-10.6%-3.4%1.9%
30 Day-12.5%-1.7%7.6%
90 Day-13.5%-6.3%11.5%
1 Year-7.6%-11.3%-4.2%-7.2%34.6%32.4%
3 Year-12.2%-24.1%-26.7%-32.8%25.4%19.1%
5 Year-7.3%-27.5%-3.7%-14.0%54.1%43.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Gemdale undervalued compared to its fair value and its price relative to the market?

47.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 600383 (CN¥11.68) is trading below our estimate of fair value (CN¥22.11)

Significantly Below Fair Value: 600383 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 600383 is good value based on its PE Ratio (5.5x) compared to the CN Real Estate industry average (14.4x).

PE vs Market: 600383 is good value based on its PE Ratio (5.5x) compared to the CN market (34.5x).


Price to Earnings Growth Ratio

PEG Ratio: 600383 is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: 600383's PB Ratio (1x) is in line with the CN Real Estate industry average.


Next Steps

Future Growth

How is Gemdale forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

14.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600383's forecast earnings growth (14.3% per year) is above the savings rate (3.3%).

Earnings vs Market: 600383's earnings (14.3% per year) are forecast to grow slower than the CN market (24.5% per year).

High Growth Earnings: 600383's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600383's revenue (21.8% per year) is forecast to grow faster than the CN market (18.4% per year).

High Growth Revenue: 600383's revenue (21.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600383's Return on Equity is forecast to be low in 3 years time (17.9%).


Next Steps

Past Performance

How has Gemdale performed over the past 5 years?

19.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600383 has high quality earnings.

Growing Profit Margin: 600383's current net profit margins (15.8%) are higher than last year (14%).


Past Earnings Growth Analysis

Earnings Trend: 600383's earnings have grown by 19.2% per year over the past 5 years.

Accelerating Growth: 600383's earnings growth over the past year (16.2%) is below its 5-year average (19.2% per year).

Earnings vs Industry: 600383 earnings growth over the past year (16.2%) exceeded the Real Estate industry -4.1%.


Return on Equity

High ROE: 600383's Return on Equity (19.8%) is considered low.


Next Steps

Financial Health

How is Gemdale's financial position?


Financial Position Analysis

Short Term Liabilities: 600383's short term assets (CN¥304.0B) exceed its short term liabilities (CN¥230.0B).

Long Term Liabilities: 600383's short term assets (CN¥304.0B) exceed its long term liabilities (CN¥67.7B).


Debt to Equity History and Analysis

Debt Level: 600383's debt to equity ratio (136.6%) is considered high.

Reducing Debt: 600383's debt to equity ratio has increased from 96.6% to 136.6% over the past 5 years.

Debt Coverage: 600383's debt is not well covered by operating cash flow (8.3%).

Interest Coverage: 600383 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Gemdale current dividend yield, its reliability and sustainability?

5.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600383's dividend (5.74%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 600383's dividend (5.74%) is in the top 25% of dividend payers in the CN market (1.84%)


Stability and Growth of Payments

Stable Dividend: 600383's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600383's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.3%), 600383's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 600383's dividends in 3 years are forecast to be well covered by earnings (32.4% payout ratio).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Juncan Huang (49 yo)

4.25yrs

Tenure

CN¥8,250,000

Compensation

Mr. Juncan Huang has been the Chief Executive Officer of Gemdale Corporation since October 17, 2016 and served as its President since July 2010 until October 17, 2016 and an in charge of its whole operatio...


Leadership Team

NamePositionTenureCompensationOwnership
Juncan Huang
President & Director4.25yrsCN¥8.25mno data
Chuanjun Wei
Senior VPno dataCN¥4.04mno data
Bi'an Chen
Senior VP & Directorno dataCN¥4.40mno data
Jiarong Yan
Senior VP and Chairman & GM of Gemdale RE Central Chinano dataCN¥4.94mno data
Changchun Chen
Senior VP and Chairman & GM of Gemdale RE North China4.25yrsCN¥4.34mno data
Jiajun Xu
Senior VPno dataCN¥3.97mno data
Zexing Li
Chief Capital Officerno datano datano data
Yi Zhu
President of Gemdale U.S.A4.25yrsno datano data
Xinhua Shi
General Manager of Gemdale RE Northeast China4.25yrsno datano data
Jing Sun
General Manager of Cost Management Department4.25yrsCN¥1.08mno data

4.3yrs

Average Tenure

50.5yo

Average Age

Experienced Management: 600383's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Juncan Huang
President & Director4.25yrsCN¥8.25mno data
Chuanjun Wei
Senior VPno dataCN¥4.04mno data
Bi'an Chen
Senior VP & Directorno dataCN¥4.40mno data
Jiarong Yan
Senior VP and Chairman & GM of Gemdale RE Central Chinano dataCN¥4.94mno data
Changchun Chen
Senior VP and Chairman & GM of Gemdale RE North China4.25yrsCN¥4.34mno data
Jiajun Xu
Senior VPno dataCN¥3.97mno data
Ke Ling
Chairman of the Boardno dataCN¥9.91mno data
Weimin Yang
Chairman of Board of Supervisorsno dataCN¥2.91mno data
Zhanning Cai
Chairman of Gemdale Propertyno datano datano data
Xiaofeng Zhang
VP and Chairman & GM of Gemdale RE South China4.25yrsCN¥4.07mno data
Yibin Hao
VP and Chairman of Gemdale RE Northeast & Northwest China4.25yrsCN¥6.59mno data
Kan Yang
VP and Chairman & GM of Gemdale RE East China4.25yrsCN¥3.29mno data

4.3yrs

Average Tenure

53.5yo

Average Age

Experienced Board: 600383's board of directors are considered experienced (4.3 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

Gemdale Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gemdale Corporation
  • Ticker: 600383
  • Exchange: SHSE
  • Founded: 1988
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥52.911b
  • Shares outstanding: 4.51b
  • Website: https://www.gemdale.com

Number of Employees


Location

  • Gemdale Corporation
  • 32/F, Gemdale Center
  • No. 2007 Shennan Boulevard
  • Shenzhen
  • Guangdong Province
  • 518026
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600383SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYApr 2001
600383XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYApr 2001

Biography

Gemdale Corporation engages in real estate business in China and internationally. The company engages in development, sale, and operation of residential and commercial properties, such as apartments, bouti...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 09:21
End of Day Share Price2021/01/26 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.