SHSE:600663

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Shanghai Lujiazui Finance & Trade Zone Development

Executive Summary

Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. More Details


Snowflake Analysis

Established dividend payer with acceptable track record.

Share Price & News

How has Shanghai Lujiazui Finance & Trade Zone Development's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600663 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 600663's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.4%

600663

0.5%

CN Real Estate

-1.2%

CN Market


1 Year Return

-20.9%

600663

-10.1%

CN Real Estate

25.4%

CN Market

Return vs Industry: 600663 underperformed the CN Real Estate industry which returned -10.1% over the past year.

Return vs Market: 600663 underperformed the CN Market which returned 25.4% over the past year.


Shareholder returns

600663IndustryMarket
7 Day-1.4%0.5%-1.2%
30 Day-6.4%-3.6%4.3%
90 Day-10.5%-7.8%5.8%
1 Year-17.7%-20.9%-7.2%-10.1%27.5%25.4%
3 Year-31.6%-38.1%-24.5%-30.6%23.2%17.0%
5 Year-33.0%-41.0%-9.4%-18.9%39.0%29.5%

Long-Term Price Volatility Vs. Market

How volatile is Shanghai Lujiazui Finance & Trade Zone Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Shanghai Lujiazui Finance & Trade Zone Development undervalued compared to its fair value and its price relative to the market?

12.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600663 (CN¥10.54) is trading above our estimate of fair value (CN¥3.56)

Significantly Below Fair Value: 600663 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600663 is good value based on its PE Ratio (12.2x) compared to the CN Real Estate industry average (14.5x).

PE vs Market: 600663 is good value based on its PE Ratio (12.2x) compared to the CN market (35x).


Price to Earnings Growth Ratio

PEG Ratio: 600663 is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: 600663 is overvalued based on its PB Ratio (2.3x) compared to the CN Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Shanghai Lujiazui Finance & Trade Zone Development forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

7.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600663's forecast earnings growth (7.6% per year) is above the savings rate (3.3%).

Earnings vs Market: 600663's earnings (7.6% per year) are forecast to grow slower than the CN market (24.3% per year).

High Growth Earnings: 600663's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600663's revenue (14.1% per year) is forecast to grow slower than the CN market (18.1% per year).

High Growth Revenue: 600663's revenue (14.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 600663's Return on Equity is forecast to be low in 3 years time (16.6%).


Next Steps

Past Performance

How has Shanghai Lujiazui Finance & Trade Zone Development performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600663 has high quality earnings.

Growing Profit Margin: 600663's current net profit margins (26.7%) are higher than last year (25.4%).


Past Earnings Growth Analysis

Earnings Trend: 600663's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: 600663's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 600663 had negative earnings growth (-6%) over the past year, making it difficult to compare to the Real Estate industry average (-3.3%).


Return on Equity

High ROE: 600663's Return on Equity (16%) is considered low.


Next Steps

Financial Health

How is Shanghai Lujiazui Finance & Trade Zone Development's financial position?


Financial Position Analysis

Short Term Liabilities: 600663's short term assets (CN¥42.8B) do not cover its short term liabilities (CN¥44.7B).

Long Term Liabilities: 600663's short term assets (CN¥42.8B) exceed its long term liabilities (CN¥21.5B).


Debt to Equity History and Analysis

Debt Level: 600663's debt to equity ratio (127.9%) is considered high.

Reducing Debt: 600663's debt to equity ratio has increased from 122.7% to 127.9% over the past 5 years.

Debt Coverage: 600663's debt is well covered by operating cash flow (21.2%).

Interest Coverage: 600663's interest payments on its debt are well covered by EBIT (11.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Shanghai Lujiazui Finance & Trade Zone Development current dividend yield, its reliability and sustainability?

4.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600663's dividend (4.33%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).

High Dividend: 600663's dividend (4.33%) is in the top 25% of dividend payers in the CN market (1.81%)


Stability and Growth of Payments

Stable Dividend: 600663's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600663's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.9%), 600663's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 600663's dividends in 3 years are forecast to be covered by earnings (54.2% payout ratio).


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Jinzhao Li (58 yo)

9.67yrs

Tenure

CN¥1,089,300

Compensation

Mr. Jinzhao Li has been General Manager and Legal Representative of Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. since May 18, 2011 and serves as its Chairman. Mr. Li serves as General Manag...


Leadership Team

NamePositionTenureCompensationOwnership
Jinzhao Li
Chairman of the Board & GM9.67yrsCN¥1.09m0.0011%
CN¥ 391.5k
Xi Hu
Chief Financial Officer2.58yrsCN¥1.05m0.00088%
CN¥ 322.0k
Xiang Zhou
Deputy General Managerno dataCN¥1.33m0.0032%
CN¥ 1.2m
Wei Min Zhou
Deputy General Managerno dataCN¥1.47m0.0031%
CN¥ 1.1m
Xiao Fen Ding
Deputy General Managerno dataCN¥1.57m0.0024%
CN¥ 859.8k
Wei Jia
Deputy General Manager2.58yrsCN¥1.34m0.0025%
CN¥ 907.4k
Hui Wang
Secretary of the Board of Directorsno dataCN¥1.33m0.0024%
CN¥ 892.8k

2.6yrs

Average Tenure

56yo

Average Age

Experienced Management: 600663's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jinzhao Li
Chairman of the Board & GM9.67yrsCN¥1.09m0.0011%
CN¥ 391.5k
Shizheng Qian
Independent Director6.75yrsCN¥120.00kno data
Erjin Xu
Vice Chairman of the Board6.75yrsCN¥1.03m0.00054%
CN¥ 197.6k
Wei Lu
Independent Director5.75yrsCN¥120.00kno data
Wenjun Qiao
Independent Director3.67yrsCN¥203.00kno data
Zi Lai Tang
Independent Director6.75yrsCN¥120.00kno data
Zuo Qiang Li
Director4.33yrsno datano data
Wei Li Deng
Director4.33yrsno datano data
Xuejie Ma
Chairman of Supervisory Board2.58yrsno datano data
Zheng Zhang
Employee Supervisor2.58yrsno data0.00079%
CN¥ 289.1k
Haiyan Xu
Supervisor1.75yrsno datano data
Minkun Li
Supervisorno datano data0.00054%
CN¥ 197.6k

4.3yrs

Average Tenure

56yo

Average Age

Experienced Board: 600663'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

Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd.
  • Ticker: 600663
  • Exchange: SHSE
  • Founded: 1992
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: CN¥36.589b
  • Shares outstanding: 4.03b
  • Website: https://www.ljz.com.cn

Number of Employees


Location

  • Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd.
  • Building D
  • Floor 18-21, Qiantan World Trade Center (Phase II)
  • Shanghai
  • 200126
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600663SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYJun 1994
600663XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYJun 1994
900932SHSE (Shanghai Stock Exchange)Foreign Shares-Domestically ListedCNUSDNov 1994

Biography

Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. operates as a real estate company. The company develops, operates, sells, and leases real estate properties. Its property portfolio include offi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 09:22
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.