SHSE:600675

Stock Analysis Report

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Executive Summary

China Enterprise Company Limited engages in the real estate development and management activities in China. More Details


Snowflake Analysis

High growth potential with excellent balance sheet.

Share Price & News

How has China Enterprise's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600675 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 600675's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0.6%

600675

0.5%

CN Real Estate

-1.2%

CN Market


1 Year Return

-32.5%

600675

-10.1%

CN Real Estate

25.4%

CN Market

Return vs Industry: 600675 underperformed the CN Real Estate industry which returned -10.1% over the past year.

Return vs Market: 600675 underperformed the CN Market which returned 25.4% over the past year.


Shareholder returns

600675IndustryMarket
7 Day0.6%0.5%-1.2%
30 Day-8.4%-3.6%4.3%
90 Day-17.0%-7.8%5.8%
1 Year-30.4%-32.5%-7.2%-10.1%27.5%25.4%
3 Yearn/a-24.5%-30.6%23.2%17.0%
5 Yearn/a-9.4%-18.9%39.0%29.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is China Enterprise undervalued compared to its fair value and its price relative to the market?

10.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 600675 (CN¥3.28) is trading below our estimate of fair value (CN¥3.65)

Significantly Below Fair Value: 600675 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 600675 is poor value based on its PE Ratio (18.9x) compared to the CN Real Estate industry average (14.5x).

PE vs Market: 600675 is good value based on its PE Ratio (18.9x) compared to the CN market (35x).


Price to Earnings Growth Ratio

PEG Ratio: 600675 is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: 600675 is overvalued based on its PB Ratio (1.3x) compared to the CN Real Estate industry average (1.1x).


Next Steps

Future Growth

How is China Enterprise forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

52.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600675's forecast earnings growth (52% per year) is above the savings rate (3.3%).

Earnings vs Market: 600675's earnings (52% per year) are forecast to grow faster than the CN market (24.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 600675's revenue (33.9% per year) is forecast to grow faster than the CN market (18.1% per year).

High Growth Revenue: 600675's revenue (33.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 600675's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has China Enterprise performed over the past 5 years?

-69.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: 600675 has high quality earnings.

Growing Profit Margin: 600675's current net profit margins (12.5%) are lower than last year (17.6%).


Past Earnings Growth Analysis

Earnings Trend: 600675 has become profitable over the past 5 years.

Accelerating Growth: 600675's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 600675 had negative earnings growth (-69.7%) over the past year, making it difficult to compare to the Real Estate industry average (-3.3%).


Return on Equity

High ROE: 600675's Return on Equity (9.6%) is considered low.


Next Steps

Financial Health

How is China Enterprise's financial position?


Financial Position Analysis

Short Term Liabilities: 600675's short term assets (CN¥36.9B) exceed its short term liabilities (CN¥23.1B).

Long Term Liabilities: 600675's short term assets (CN¥36.9B) exceed its long term liabilities (CN¥11.3B).


Debt to Equity History and Analysis

Debt Level: 600675's debt to equity ratio (63.7%) is considered high.

Reducing Debt: 600675's debt to equity ratio has reduced from 152% to 63.7% over the past 5 years.

Debt Coverage: 600675's debt is well covered by operating cash flow (21.2%).

Interest Coverage: 600675's interest payments on its debt are well covered by EBIT (54.8x coverage).


Balance Sheet


Next Steps

Dividend

What is China Enterprise current dividend yield, its reliability and sustainability?

4.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600675's dividend (4.21%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).

High Dividend: 600675's dividend (4.21%) 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, 600675 has been paying a dividend for less than 10 years.

Growing Dividend: 600675 has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (79.6%), 600675's payments are 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?


CEO

China Enterprise has no CEO, or we have no data on them.


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

China Enterprise Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Enterprise Company Limited
  • Ticker: 600675
  • Exchange: SHSE
  • Founded:
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥19.995b
  • Shares outstanding: 6.10b
  • Website: https://www.cecl.com.cn

Number of Employees


Location

  • China Enterprise Company Limited
  • No. 928 Xueye Road
  • 6th Floor
  • Shanghai
  • 200125
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600675SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYApr 2018
600675XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYApr 2018

Biography

China Enterprise Company Limited engages in the real estate development and management activities in China. The company is based in Shanghai, China. China Enterprise Company Limited operates as a subsidiar...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 09:32
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.