China Vanke
Market Cap
CN¥335.8b
Last Updated
2020/02/26 15:15 UTC
Data Sources
Company Financials +
Executive Summary
China Vanke Co., Ltd., a real-estate company, develops and sells properties in the People’s Republic of China.
Rewards
Risk Analysis
Snowflake Analysis
Outstanding track record 6 star dividend payer.
Similar Companies
Share Price & News
How has China Vanke's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 000002 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.6%
2
0.5%
CN Real Estate
1.4%
CN Market
1 Year Return
7.5%
2
-3.6%
CN Real Estate
13.6%
CN Market
Return vs Industry: 000002 exceeded the CN Real Estate industry which returned -4.2% over the past year.
Return vs Market: 000002 underperformed the CN Market which returned 15.7% over the past year.
Shareholder returns
| 2 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | 0.5% | 1.4% |
| 30 Day | 3.9% | 0.2% | 4.8% |
| 90 Day | 8.3% | 3.2% | 12.8% |
| 1 Year | 11.8%7.5% | -0.8%-3.6% | 15.5%13.6% |
| 3 Year | 64.1%46.9% | -11.0%-16.8% | -3.6%-7.5% |
| 5 Year | 196.5%146.4% | -0.5%-8.3% | 9.6%2.9% |
Price Volatility Vs. Market
How volatile is China Vanke's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is China Vanke undervalued compared to its fair value and its price relative to the market?
46.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 000002 (CN¥30.11) is trading below our estimate of fair value (CN¥56.35)
Significantly Below Fair Value: 000002 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 000002 is good value based on its PE Ratio (8.8x) compared to the Real Estate industry average (12.4x).
PE vs Market: 000002 is good value based on its PE Ratio (8.8x) compared to the CN market (35.1x).
Price to Earnings Growth Ratio
PEG Ratio: 000002 is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: 000002 is overvalued based on its PB Ratio (2x) compared to the CN Real Estate industry average (1.2x).
Next Steps
Future Growth
How is China Vanke forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
16.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 000002's forecast earnings growth (16.1% per year) is above the savings rate (3.2%).
Earnings vs Market: 000002's earnings (16.1% per year) are forecast to grow slower than the CN market (22.4% per year).
High Growth Earnings: 000002's earnings are forecast to grow, but not significantly.
Revenue vs Market: 000002's revenue (20.3% per year) is forecast to grow faster than the CN market (16.5% per year).
High Growth Revenue: 000002's revenue (20.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 000002's Return on Equity is forecast to be high in 3 years time (21.7%)
Next Steps
Past Performance
How has China Vanke performed over the past 5 years?
20.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 000002 has high quality earnings.
Growing Profit Margin: 000002's current net profit margins (11%) are higher than last year (10.3%).
Past Earnings Growth Analysis
Earnings Trend: 000002's earnings have grown significantly by 20% per year over the past 5 years.
Accelerating Growth: 000002's earnings growth over the past year (22.9%) exceeds its 5-year average (20% per year).
Earnings vs Industry: 000002 earnings growth over the past year (22.9%) exceeded the Real Estate industry 6.4%.
Return on Equity
High ROE: 000002's Return on Equity (22.9%) is considered high.
Next Steps
Financial Health
How is China Vanke's financial position?
Financial Position Analysis
Short Term Liabilities: 000002's short term assets (CN¥1,358.2B) exceed its short term liabilities (CN¥1,202.3B).
Long Term Liabilities: 000002's short term assets (CN¥1,358.2B) exceed its long term liabilities (CN¥191.6B).
Debt to Equity History and Analysis
Debt Level: 000002's debt to equity ratio (93.2%) is considered high.
Reducing Debt: 000002's debt to equity ratio has increased from 72% to 93.2% over the past 5 years.
Debt Coverage: 000002's debt is well covered by operating cash flow (26.8%).
Interest Coverage: 000002's interest payments on its debt are well covered by EBIT (1407.5x coverage).
Balance Sheet
Inventory Level: 000002 has a high level of physical assets or inventory.
Debt Coverage by Assets: 000002's debt is covered by short term assets (assets are 5.9x debt).
Next Steps
Dividend
What is China Vanke's current dividend yield, its reliability and sustainability?
3.47%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 000002's dividend (3.47%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).
High Dividend: 000002's dividend (3.47%) is in the top 25% of dividend payers in the CN market (1.83%)
Stability and Growth of Payments
Stable Dividend: 000002's dividends per share have been stable in the past 10 years.
Growing Dividend: 000002's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.6%), 000002's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 000002's dividends in 3 years are forecast to be well covered by earnings (34.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.9yrs
Average management tenure
CEO
Jiusheng Zhu (50yo)
2.1yrs
Tenure
CN¥11,278,000
Compensation
Mr. Jiusheng Zhu, MBA, has been President and Chief Executive Officer at China Vanke Co., Ltd. since January 31, 2018 and served as its Senior Vice President since June 2012 until 2015. Mr. Zhu has been th ...
CEO Compensation Analysis
Compensation vs Market: Jiusheng's total compensation ($USD1.61M) is above average for companies of similar size in the CN market ($USD359.04K).
Compensation vs Earnings: Insufficient data to compare Jiusheng's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 2.7yrs | CN¥12.53m | 0.065% CN¥217.1m | |
| President & CEO | 2.1yrs | CN¥11.28m | no data | |
| Executive VP | 5.9yrs | CN¥9.27m | 0.020% CN¥68.8m | |
| Executive VP | 2.7yrs | CN¥10.05m | 0.0080% CN¥26.9m | |
| Senior VP | 3.9yrs | CN¥1.00m | no data | |
| Company Secretary & VP | 3.9yrs | CN¥849.20k | no data | |
| Senior Vice President of Ice Snow Division | 0yrs | CN¥4.85m | no data | |
| Senior Vice President & CEO of Meisha Education Division | 0yrs | CN¥5.56m | no data | |
| Senior Vice President | 5.1yrs | CN¥171.00k | no data | |
| Senior VP of Shanghai Regional Headquarters CEO Shanghai Company General Manager | 0yrs | no data | no data |
3.9yrs
Average Tenure
49.5yo
Average Age
Experienced Management: 000002's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 2.7yrs | CN¥12.53m | 0.065% CN¥217.1m | |
| Executive VP | 5.9yrs | CN¥9.27m | 0.020% CN¥68.8m | |
| Executive VP | 2.7yrs | CN¥10.05m | 0.0080% CN¥26.9m | |
| Employee Representative Member of the Supervisory Committee & GM of Audit Supervision Department | 10.1yrs | CN¥1.67m | 0.00018% CN¥604.5k | |
| Honorary Chairman | 2.7yrs | no data | no data | |
| Independent Non-Executive Director | 2.7yrs | CN¥555.00k | no data | |
| Vice Chairman of the Board | 2.7yrs | CN¥333.00k | no data | |
| Non-Executive Director | 2.7yrs | CN¥333.00k | no data | |
| Independent Non-Executive Director | 2.7yrs | CN¥555.00k | no data | |
| Independent Non-Executive Director | 2.7yrs | CN¥555.00k | no data |
2.7yrs
Average Tenure
55yo
Average Age
Experienced Board: 000002's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
China Vanke Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Vanke Co., Ltd.
- Ticker: 2
- Exchange: SZSE
- Founded: 1984
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: CN¥335.843b
- Shares outstanding: 11.30b
- Website: https://www.vanke.com
Number of Employees
Location
- China Vanke Co., Ltd.
- Vanke Center
- No. 33 Huanmei Road
- Shenzhen
- Guangdong Province
- 518083
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2 | SZSE (Shenzhen Stock Exchange) | Yes | Domestic Shares | CN | CNY | Feb 1994 |
| 2 | XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect) | Yes | Domestic Shares | CN | CNY | Feb 1994 |
| 2202 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Foreign Shares-Foreign Listed | HK | HKD | Jun 2014 | |
| 18V | DB (Deutsche Boerse AG) | Foreign Shares-Foreign Listed | DE | EUR | Jun 2014 | |
| 2202 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Foreign Shares-Foreign Listed | HK | HKD | Jun 2014 | |
| CHVK.F | OTCPK (Pink Sheets LLC) | Foreign Shares-Foreign Listed | US | USD | Jun 2014 | |
| CHVK.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADS | US | USD | May 2018 |
Biography
China Vanke Co., Ltd., a real-estate company, develops and sells properties in the People’s Republic of China. The company operates through Property Development and Property Management segments. It develops commodity housing properties; and commercial and office properties, as well as other ancillary facilities. The company also provides property management and related services to purchasers and tenants of its own developed residential properties and shopping arcades, as well as to the external property developers; and undertakes construction contracts. In addition, it is involved in the development and operation of logistics properties and warehouses, skiing resorts, and elderly care and educational facilities; and rental of apartments. China Vanke Co., Ltd. was founded in 1984 and is headquartered in Shenzhen, the People’s Republic of China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/26 15:15 |
| End of Day Share Price | 2020/02/26 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.