SHSE:600649

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Shanghai SMI Holding

Executive Summary

Shanghai SMI Holding Co., Ltd provides real estate, environmental, and venture capital services in China. More Details


Snowflake Analysis

High growth potential and fair value.

Share Price & News

How has Shanghai SMI Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600649 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 600649's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-2.6%

600649

-0.5%

CN Real Estate

2.9%

CN Market


1 Year Return

-6.0%

600649

-6.0%

CN Real Estate

31.8%

CN Market

Return vs Industry: 600649 matched the CN Real Estate industry which returned -6% over the past year.

Return vs Market: 600649 underperformed the CN Market which returned 31.8% over the past year.


Shareholder returns

600649IndustryMarket
7 Day-2.6%-0.5%2.9%
30 Day-6.2%-1.6%7.2%
90 Day-8.7%-7.0%11.5%
1 Year-4.9%-6.0%-2.9%-6.0%34.0%31.8%
3 Year-39.8%-43.5%-26.6%-32.6%23.1%17.0%
5 Year-58.8%-61.3%-3.4%-13.8%51.6%41.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Shanghai SMI Holding undervalued compared to its fair value and its price relative to the market?

30.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600649 (CN¥5.15) is trading above our estimate of fair value (CN¥0.53)

Significantly Below Fair Value: 600649 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600649 is poor value based on its PE Ratio (30.6x) compared to the CN Real Estate industry average (14.8x).

PE vs Market: 600649 is good value based on its PE Ratio (30.6x) compared to the CN market (35.1x).


Price to Earnings Growth Ratio

PEG Ratio: 600649 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: 600649 is good value based on its PB Ratio (0.7x) compared to the CN Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Shanghai SMI Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

52.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600649's forecast earnings growth (52.4% per year) is above the savings rate (3.3%).

Earnings vs Market: 600649's earnings (52.4% 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: 600649's revenue (64.1% per year) is forecast to grow faster than the CN market (18.3% per year).

High Growth Revenue: 600649's revenue (64.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600649's Return on Equity is forecast to be low in 3 years time (9%).


Next Steps

Past Performance

How has Shanghai SMI Holding performed over the past 5 years?

-39.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600649 has a large one-off gain of CN¥217.1M impacting its September 30 2020 financial results.

Growing Profit Margin: 600649's current net profit margins (23.5%) are higher than last year (17.5%).


Past Earnings Growth Analysis

Earnings Trend: 600649's earnings have declined by 39.8% per year over the past 5 years.

Accelerating Growth: 600649's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 600649 had negative earnings growth (-37%) over the past year, making it difficult to compare to the Real Estate industry average (-4.1%).


Return on Equity

High ROE: 600649's Return on Equity (1.9%) is considered low.


Next Steps

Financial Health

How is Shanghai SMI Holding's financial position?


Financial Position Analysis

Short Term Liabilities: 600649's short term assets (CN¥37.5B) exceed its short term liabilities (CN¥11.5B).

Long Term Liabilities: 600649's short term assets (CN¥37.5B) exceed its long term liabilities (CN¥15.2B).


Debt to Equity History and Analysis

Debt Level: 600649's debt to equity ratio (87%) is considered high.

Reducing Debt: 600649's debt to equity ratio has increased from 52.5% to 87% over the past 5 years.

Debt Coverage: 600649's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 600649's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Shanghai SMI Holding current dividend yield, its reliability and sustainability?

1.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600649's dividend (1.4%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 600649's dividend (1.4%) is low compared to the top 25% of dividend payers in the CN market (1.81%).


Stability and Growth of Payments

Stable Dividend: 600649's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600649's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.8%), 600649's dividend payments are well 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?

3.8yrs

Average board tenure


CEO

Xiao Chen (56 yo)

no data

Tenure

CN¥231,300

Compensation

Mr. Xiao Bo Chen serves as President and Director of Shanghai SMI Holding Co., Ltd.


Board Members

NamePositionTenureCompensationOwnership
Xiao Chen
President & Directorno dataCN¥231.30kno data
Shuai Chen
Vice Chairman3.83yrsno datano data
Hua Chen
Member of the Supervisory Board9.58yrsCN¥288.80kno data
Guang Dai
Chair of Directorate2.58yrsCN¥759.20kno data
Da Fu Gong
Chairman of the Supervisory Boardno datano datano data
Zhuo Wei Quan
Directorno datano datano data
Kai Su
Directorno datano datano data
Lei Ming Sheng
Independent Directorno datano datano data
Jie Yan
Independent Directorno datano datano data
Tao Xue
Independent Directorno datano datano data
Chao Gao
Supervisorno datano datano data
Lie Zhang
Directorno datano datano data

3.8yrs

Average Tenure

48.5yo

Average Age

Experienced Board: 600649's board of directors are considered experienced (3.8 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

Shanghai SMI Holding Co., Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shanghai SMI Holding Co., Ltd
  • Ticker: 600649
  • Exchange: SHSE
  • Founded: NaN
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥13.027b
  • Shares outstanding: 2.53b
  • Website: https://www.sh600649.com

Number of Employees


Location

  • Shanghai SMI Holding Co., Ltd
  • No.130, Wusong Road
  • 19th Floor
  • Shanghai
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600649SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYMar 1995
600649XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYMar 1995

Biography

Shanghai SMI Holding Co., Ltd provides real estate, environmental, and venture capital services in China. The company develops land, ordinary commercial housing and low-income housing projects, and technol...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 09:21
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.