SHSE:600683

Stock Analysis Report

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Executive Summary

Metro Land Corporation Ltd. engages in real estate development business in China. More Details


Snowflake Analysis

Undervalued with excellent balance sheet and pays a dividend.

Share Price & News

How has Metro Land's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600683 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 600683's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-2.1%

600683

0.5%

CN Real Estate

-1.2%

CN Market


1 Year Return

-9.5%

600683

-10.1%

CN Real Estate

25.4%

CN Market

Return vs Industry: 600683 matched the CN Real Estate industry which returned -10.1% over the past year.

Return vs Market: 600683 underperformed the CN Market which returned 25.4% over the past year.


Shareholder returns

600683IndustryMarket
7 Day-2.1%0.5%-1.2%
30 Day-7.1%-3.6%4.3%
90 Day-10.6%-7.8%5.8%
1 Year-9.5%-9.5%-7.2%-10.1%27.5%25.4%
3 Year-34.4%-39.3%-24.5%-30.6%23.2%17.0%
5 Year-48.8%-54.5%-9.4%-18.9%39.0%29.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Metro Land 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: 600683 (CN¥3.81) is trading below our estimate of fair value (CN¥251.47)

Significantly Below Fair Value: 600683 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 600683 is good value based on its PE Ratio (14.3x) compared to the CN Real Estate industry average (14.5x).

PE vs Market: 600683 is good value based on its PE Ratio (14.3x) compared to the CN market (35x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 600683's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 600683 is good value based on its PB Ratio (0.5x) compared to the CN Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Metro Land forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.4%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Metro Land has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Metro Land performed over the past 5 years?

-1.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600683 has high quality earnings.

Growing Profit Margin: 600683's current net profit margins (3.2%) are lower than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: 600683's earnings have declined by 1.7% per year over the past 5 years.

Accelerating Growth: 600683's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 600683 had negative earnings growth (-20.9%) over the past year, making it difficult to compare to the Real Estate industry average (-3.3%).


Return on Equity

High ROE: 600683's Return on Equity (8.1%) is considered low.


Next Steps

Financial Health

How is Metro Land's financial position?


Financial Position Analysis

Short Term Liabilities: 600683's short term assets (CN¥38.1B) exceed its short term liabilities (CN¥14.2B).

Long Term Liabilities: 600683's short term assets (CN¥38.1B) exceed its long term liabilities (CN¥27.1B).


Debt to Equity History and Analysis

Debt Level: 600683's debt to equity ratio (389.9%) is considered high.

Reducing Debt: 600683's debt to equity ratio has reduced from 796% to 389.9% over the past 5 years.

Debt Coverage: 600683's debt is well covered by operating cash flow (26.3%).

Interest Coverage: 600683's interest payments on its debt are well covered by EBIT (6x coverage).


Balance Sheet


Next Steps

Dividend

What is Metro Land current dividend yield, its reliability and sustainability?

5.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600683's dividend (5.25%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).

High Dividend: 600683's dividend (5.25%) is in the top 25% of dividend payers in the CN market (1.81%)


Stability and Growth of Payments

Stable Dividend: 600683's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600683's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74.8%), 600683's dividend 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?

3.1yrs

Average board tenure


CEO

Metro Land has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Huiping Ding
Independent Director5.75yrsCN¥100.00kno data
Yixuan Gao
Vice Chairman5.5yrsCN¥4.57mno data
Jianhong Liu
Director5.75yrsCN¥100.00kno data
Jianhua Liu
Chairman of the Supervisor5.75yrsno datano data
Yi Wei
Chairman of the Board2.08yrsno datano data
Zhong Wei Qiu
Director3.08yrsno datano data
Honglin Guo
Independent Director2.75yrsno datano data
Yi Zheng
Director2.17yrsno datano data
Xiaodong Chen
Director3.08yrsno datano data
Qingwen Zhao
Independent Director2.75yrsno datano data
Jingdong Liu
Supervisor2.67yrsno datano data
Linxia Xing
Employee Supervisor6.17yrsno datano data

3.1yrs

Average Tenure

50yo

Average Age

Experienced Board: 600683's board of directors are considered experienced (3.1 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

Metro Land Corporation Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Metro Land Corporation Ltd.
  • Ticker: 600683
  • Exchange: SHSE
  • Founded: 1992
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: CN¥2.822b
  • Shares outstanding: 740.78m
  • Website: https://www.600683.com

Number of Employees


Location

  • Metro Land Corporation Ltd.
  • No. 2 Jianguomenwai Avenue
  • 17th Floor, Block C
  • Beijing
  • 100022
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600683SHSE (Shanghai Stock Exchange)YesA SharesCNCNYJun 1994

Biography

Metro Land Corporation Ltd. engages in real estate development business in China. The company mainly develops residential and commercial projects. The company was founded in 1992 and is based in Beijing, C...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 09:19
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.