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6006

Greenland HoldingsSHSE:600606 Stock Report

Market Cap

CN¥57.1b

7D

-2.0%

1Y

-28.2%

Updated

27 Sep, 2021

Data

Company Financials +
600606 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends4/6

600606 Overview

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

Greenland Holdings Competitors

China Vanke

SZSE:000002

CN¥197.6b

Hangzhou Binjiang Real Estate GroupLtd

SZSE:002244

CN¥13.9b

China Resources Land

SEHK:1109

HK$215.7b

Country Garden Holdings

SEHK:2007

HK$166.3b

Price History & Performance

Summary of all time highs, changes and price drops for Greenland Holdings
Historical stock prices
Current Share PriceCN¥4.47
52 Week HighCN¥4.22
52 Week LowCN¥6.36
Beta0.96
1 Month Change1.82%
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

Shareholder Returns

600606CN Real EstateCN Market
7D-2.0%3.0%-0.2%
1Y-28.2%-14.6%13.1%

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.

Price Volatility

Is 600606's price volatile compared to industry and market?
600606 volatility
600606 Beta0.96
Industry Beta0.69
Market Beta1

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

FoundedEmployeesCEOWebsite
199286,251Liang Zhang Yuhttps://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

How do Greenland Holdings's earnings and revenue compare to its market cap?
600606 fundamental statistics
Market CapCN¥57.11b
Earnings (TTM)CN¥15.21b
Revenue (TTM)CN¥529.01b

3.8x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600606 income statement (TTM)
RevenueCN¥529.01b
Cost of RevenueCN¥463.10b
Gross ProfitCN¥65.91b
ExpensesCN¥50.70b
EarningsCN¥15.21b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.19
Gross Margin12.46%
Net Profit Margin2.88%
Debt/Equity Ratio169.9%

How did 600606 perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

20%

Payout Ratio

Valuation

Is Greenland Holdings 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: 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).


Future Growth

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

11.5%

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%).


Past Performance

How has Greenland Holdings performed over the past 5 years?

16.5%

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.


Financial Health

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.


Balance Sheet


Dividend

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

5.33%

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).


Next Steps

Management

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

6.1yrs

Average management tenure


CEO

Liang Zhang Yu (65 yo)

no data

Tenure

CN¥6,932,100

Compensation

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...


Leadership Team

Experienced Management: 600606's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: 600606's board of directors are considered experienced (6.1 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 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¥57.111b
  • Shares outstanding: 12.78b
  • Website: https://www.ldjt.com.cn

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 15:42
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
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.