Greenland Holdings Corporation Limited engages in the development of real estate properties in China and internationally.
Greenland Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CN¥4.47|
|52 Week High||CN¥4.22|
|52 Week Low||CN¥6.36|
|1 Month Change||1.82%|
|3 Month Change||-13.72%|
|1 Year Change||-28.23%|
|3 Year Change||-26.66%|
|5 Year Change||-51.16%|
|Change since IPO||-78.66%|
Recent News & Updates
|600606||CN Real Estate||CN Market|
Return vs Industry: 600606 underperformed the CN Real Estate industry which returned -14.6% over the past year.
Return vs Market: 600606 underperformed the CN Market which returned 13.1% over the past year.
Stable Share Price: 600606 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 600606's weekly volatility (4%) has been stable over the past year.
About the Company
|1992||86,251||Liang Zhang Yu||https://www.ldjt.com.cn|
Greenland Holdings Corporation Limited engages in the development of real estate properties in China and internationally. The company develops high-rise buildings, urban complex projects, rail transit, expressways, municipal bridges. It is also involved in the sale of goods; hotels, tourism, conventions, and exhibitions business; and provision of automobile services.
Greenland Holdings Fundamentals Summary
|600606 fundamental statistics|
Is 600606 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|600606 income statement (TTM)|
|Cost of Revenue||CN¥463.10b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.19|
|Net Profit Margin||2.88%|
How did 600606 perform over the long term?See historical performance and comparison
5.3%Current Dividend Yield
Is Greenland Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 600606 (CN¥4.47) is trading below our estimate of fair value (CN¥152.02)
Significantly Below Fair Value: 600606 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 600606 is good value based on its PE Ratio (3.8x) compared to the CN Real Estate industry average (12.7x).
PE vs Market: 600606 is good value based on its PE Ratio (3.8x) compared to the CN market (34.3x).
Price to Earnings Growth Ratio
PEG Ratio: 600606 is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: 600606 is good value based on its PB Ratio (0.6x) compared to the CN Real Estate industry average (1.1x).
How is Greenland Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 600606's forecast earnings growth (11.5% per year) is above the savings rate (3.3%).
Earnings vs Market: 600606's earnings (11.5% per year) are forecast to grow slower than the CN market (23.4% per year).
High Growth Earnings: 600606's earnings are forecast to grow, but not significantly.
Revenue vs Market: 600606's revenue (14.5% per year) is forecast to grow slower than the CN market (18.3% per year).
High Growth Revenue: 600606's revenue (14.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 600606's Return on Equity is forecast to be low in 3 years time (17.1%).
How has Greenland Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 600606 has high quality earnings.
Growing Profit Margin: 600606's current net profit margins (2.9%) are lower than last year (3.2%).
Past Earnings Growth Analysis
Earnings Trend: 600606's earnings have grown by 16.5% per year over the past 5 years.
Accelerating Growth: 600606's earnings growth over the past year (10.4%) is below its 5-year average (16.5% per year).
Earnings vs Industry: 600606 earnings growth over the past year (10.4%) underperformed the Real Estate industry 19.2%.
Return on Equity
High ROE: 600606's Return on Equity (12.9%) is considered low.
How is Greenland Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 600606's short term assets (CN¥1,224.6B) exceed its short term liabilities (CN¥1,004.8B).
Long Term Liabilities: 600606's short term assets (CN¥1,224.6B) exceed its long term liabilities (CN¥229.0B).
Debt to Equity History and Analysis
Debt Level: 600606's debt to equity ratio (169.9%) is considered high.
Reducing Debt: 600606's debt to equity ratio has reduced from 371% to 169.9% over the past 5 years.
Debt Coverage: 600606's debt is well covered by operating cash flow (24.6%).
Interest Coverage: 600606 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Greenland Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 600606's dividend (5.33%) is higher than the bottom 25% of dividend payers in the CN market (0.41%).
High Dividend: 600606's dividend (5.33%) is in the top 25% of dividend payers in the CN market (1.8%)
Stability and Growth of Payments
Stable Dividend: 600606 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 600606's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.1%), 600606's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 600606's dividends in 3 years are forecast to be well covered by earnings (20.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Liang Zhang Yu (65 yo)
Mr. Liang Zhang Yu serves as the President and Chairman of Greenland Holding Group Co., Ltd, Greenland Holdings Corporation Limited and Shanghai Greenland Construction (Group) Co., Ltd. Mr. Yu served as Di...
Experienced Management: 600606's management team is seasoned and experienced (6.1 years average tenure).
Experienced Board: 600606's board of directors are considered experienced (6.1 years average tenure).
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.
Greenland Holdings Corporation Limited's employee growth, exchange listings and data sources
- Name: Greenland Holdings Corporation Limited
- Ticker: 600606
- Exchange: SHSE
- Founded: 1992
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: CN¥57.111b
- Shares outstanding: 12.78b
- Website: https://www.ldjt.com.cn
Number of Employees
- Greenland Holdings Corporation Limited
- 700,Dapu Road
- Huangpu District
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 15:42|
|End of Day Share Price||2021/09/27 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.