SHSE:600606

Stock Analysis Report

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Executive Summary

Greenland Holdings Corporation Limited engages in the development of real estate properties in China and internationally. More Details


Snowflake Analysis

Good value with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 600606 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 600606's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0.5%

600606

0.5%

CN Real Estate

-1.2%

CN Market


1 Year Return

-15.4%

600606

-10.1%

CN Real Estate

25.4%

CN Market

Return vs Industry: 600606 underperformed the CN Real Estate industry which returned -10.1% over the past year.

Return vs Market: 600606 underperformed the CN Market which returned 25.4% over the past year.


Shareholder returns

600606IndustryMarket
7 Day0.5%0.5%-1.2%
30 Day-5.2%-3.6%4.3%
90 Day-9.8%-7.8%5.8%
1 Year-11.6%-15.4%-7.2%-10.1%27.5%25.4%
3 Year-30.6%-39.0%-24.5%-30.6%23.2%17.0%
5 Year-43.9%-53.0%-9.4%-18.9%39.0%29.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

4.7x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600606 (CN¥5.78) is trading above our estimate of fair value (CN¥2.33)

Significantly Below Fair Value: 600606 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600606 is good value based on its PE Ratio (4.7x) compared to the CN Real Estate industry average (14.5x).

PE vs Market: 600606 is good value based on its PE Ratio (4.7x) compared to the CN market (35x).


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 (0.9x) compared to the CN Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Greenland Holdings forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

14.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600606's forecast earnings growth (14.5% per year) is above the savings rate (3.3%).

Earnings vs Market: 600606's earnings (14.5% per year) are forecast to grow slower than the CN market (24.3% per year).

High Growth Earnings: 600606's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600606's revenue (14.4% per year) is forecast to grow slower than the CN market (18.1% per year).

High Growth Revenue: 600606's revenue (14.4% 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 (17.8%).


Next Steps

Past Performance

How has Greenland Holdings performed over the past 5 years?

18.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600606 has high quality earnings.

Growing Profit Margin: 600606's current net profit margins (3.3%) are lower than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: 600606's earnings have grown by 18.4% per year over the past 5 years.

Accelerating Growth: 600606's earnings growth over the past year (4.7%) is below its 5-year average (18.4% per year).

Earnings vs Industry: 600606 earnings growth over the past year (4.7%) exceeded the Real Estate industry -3.3%.


Return on Equity

High ROE: 600606's Return on Equity (16.6%) is considered low.


Next Steps

Financial Health

How is Greenland Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 600606's short term assets (CN¥1,000.0B) exceed its short term liabilities (CN¥802.3B).

Long Term Liabilities: 600606's short term assets (CN¥1,000.0B) exceed its long term liabilities (CN¥230.0B).


Debt to Equity History and Analysis

Debt Level: 600606's debt to equity ratio (243.8%) is considered high.

Reducing Debt: 600606's debt to equity ratio has reduced from 347.8% to 243.8% over the past 5 years.

Debt Coverage: 600606's debt is not well covered by operating cash flow (4.7%).

Interest Coverage: 600606 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Greenland Holdings's current dividend yield, its reliability and sustainability?

6.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600606's dividend (6.92%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).

High Dividend: 600606's dividend (6.92%) is in the top 25% of dividend payers in the CN market (1.81%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 600606 has been paying a dividend for less than 10 years.

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 reasonably low payout ratio (32.5%), 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 (32.7% payout ratio).


Next Steps

Management

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

5.4yrs

Average management tenure


CEO

Liang Zhang Yu (64 yo)

no data

Tenure

CN¥6,932,100

Compensation

Mr. Liang Zhang Yu serves as the President and Chairman of Greenland Holdings Group Corporation Limited and Shanghai Greenland Construction (Group) Co., Ltd. Mr. Yu served as Director of Shanghai Rural Com...


Leadership Team

NamePositionTenureCompensationOwnership
Liang Zhang Yu
Chairman of the Board of Directors & Presidentno dataCN¥6.93mno data
Yun Zhang
Executive President & Director5.42yrsCN¥7.48mno data
Jun Chen
Executive Presidentno dataCN¥5.34mno data
Jun Fei
Executive Vice-Presidentno dataCN¥5.33mno data
Jing Xu
Executive VP & Director5.42yrsCN¥2.93mno data
Jing Geng
Executive Presidentno dataCN¥6.92mno data
Tong Sun
Executive President4.33yrsCN¥6.55mno data
Juncai Mao
Secretary of the Party Affairs & Executive Presidentno dataCN¥5.25mno data
Xiao Dong Wang
Secretary of the Board of Directors5.42yrsCN¥5.18mno data
Bo Tian
VP & Director5.42yrsCN¥4.31mno data
Xin She Lu
Vice Presidentno dataCN¥6.44mno data
Zhengkui Wu
Deputy General Manager of the Finance Departmentno datano datano data

5.4yrs

Average Tenure

54yo

Average Age

Experienced Management: 600606's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Liang Zhang Yu
Chairman of the Board of Directors & Presidentno dataCN¥6.93mno data
Yun Zhang
Executive President & Director5.42yrsCN¥7.48mno data
Jing Xu
Executive VP & Director5.42yrsCN¥2.93mno data
Bo Tian
VP & Director5.42yrsCN¥4.31mno data
Cheng Li Song
Director5.42yrsno datano data
Jian Cheng Lu
Vice Chairman of the Board of Directors 5.42yrsno datano data
Shun Ming Cai
Vice Chairman of the Board of Directors 6.67yrsno datano data
Qing Zhou
Director5.42yrsno datano data
Jian Huang
Chairman of the Supervisory Board 5.42yrsno datano data
Sunqing Xu
Vice Chairmanno datano datano data
Hua Ye
Vice Chairmanno datano datano data
Sun Xu
Vice Chairmanno datano datano data

5.4yrs

Average Tenure

60yo

Average Age

Experienced Board: 600606's board of directors are considered experienced (5.4 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

Greenland Holdings Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Greenland Holdings Corporation Limited
  • Ticker: 600606
  • Exchange: SHSE
  • Founded: 1992
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥70.332b
  • Shares outstanding: 12.17b
  • Website: https://www.ldjt.com.cn

Number of Employees


Location

  • Greenland Holdings Corporation Limited
  • 700,Dapu Road
  • Shanghai
  • 200023
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600606SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYJul 2015
600606XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYJul 2015

Biography

Greenland Holdings Corporation Limited engages in the development of real estate properties in China and internationally. The company develops ultra-high rise buildings, urban complex projects, high speed ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 09:23
End of Day Share Price2021/01/15 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.