| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 6/6 |
2 Overview
China Vanke Co., Ltd., together with its subsidiaries, engages in the development and sale of properties in the Mainland China, Hong Kong, and internationally.
China Vanke Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CN¥19.02 |
| 52 Week High | CN¥19.02 |
| 52 Week Low | CN¥34.60 |
| Beta | 0.85 |
| 1 Month Change | -17.73% |
| 3 Month Change | -22.59% |
| 1 Year Change | -32.22% |
| 3 Year Change | -20.78% |
| 5 Year Change | -29.56% |
| Change since IPO | 2,455.37% |
Recent News & Updates
Shareholder Returns
| 2 | CN Real Estate | CN Market | |
|---|---|---|---|
| 7D | -5.8% | -1.4% | -0.7% |
| 1Y | -32.2% | -20.2% | 12.4% |
Return vs Industry: 000002 underperformed the CN Real Estate industry which returned -20.2% over the past year.
Return vs Market: 000002 underperformed the CN Market which returned 12.4% over the past year.
Price Volatility
| 2 volatility | |
|---|---|
| 2 Beta | 0.85 |
| Industry Beta | 0.71 |
| Market Beta | 1 |
Stable Share Price: 000002 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 000002's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1984 | 140,565 | Jiusheng Zhu | https://www.vanke.com |
China Vanke Co., Ltd., together with its subsidiaries, engages in the development and sale of properties in the Mainland China, Hong Kong, and internationally. The company operates through Property Development and Property Management segments. It develops residential buildings, commercial offices, and other ancillary facilities.
Valuation
Is China Vanke 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: 000002 (CN¥19.02) is trading below our estimate of fair value (CN¥62.52)
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 (5.5x) compared to the CN Real Estate industry average (13.2x).
PE vs Market: 000002 is good value based on its PE Ratio (5.5x) compared to the CN market (35.4x).
Price to Earnings Growth Ratio
PEG Ratio: 000002 is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: 000002's PB Ratio (1x) is in line with the CN Real Estate industry average.
Future Growth
How is China Vanke forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
5.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 000002's forecast earnings growth (5% per year) is above the savings rate (3.3%).
Earnings vs Market: 000002's earnings (5% per year) are forecast to grow slower than the CN market (22.8% per year).
High Growth Earnings: 000002's earnings are forecast to grow, but not significantly.
Revenue vs Market: 000002's revenue (9.7% per year) is forecast to grow slower than the CN market (18.1% per year).
High Growth Revenue: 000002's revenue (9.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 000002's Return on Equity is forecast to be low in 3 years time (15.4%).
Past Performance
How has China Vanke performed over the past 5 years?
16.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 000002 has high quality earnings.
Growing Profit Margin: 000002's current net profit margins (9.1%) are lower than last year (10.5%).
Past Earnings Growth Analysis
Earnings Trend: 000002's earnings have grown by 16% per year over the past 5 years.
Accelerating Growth: 000002's earnings growth over the past year (1.3%) is below its 5-year average (16% per year).
Earnings vs Industry: 000002 earnings growth over the past year (1.3%) underperformed the Real Estate industry 19.5%.
Return on Equity
High ROE: 000002's Return on Equity (15.6%) is considered low.
Financial Health
How is China Vanke's financial position?
Financial Position Analysis
Short Term Liabilities: 000002's short term assets (CN¥1,632.2B) exceed its short term liabilities (CN¥1,380.9B).
Long Term Liabilities: 000002's short term assets (CN¥1,632.2B) exceed its long term liabilities (CN¥210.5B).
Debt to Equity History and Analysis
Debt Level: 000002's debt to equity ratio (74.2%) is considered high.
Reducing Debt: 000002's debt to equity ratio has increased from 66.1% to 74.2% over the past 5 years.
Debt Coverage: 000002's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: 000002 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is China Vanke current dividend yield, its reliability and sustainability?
6.57%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 000002's dividend (6.57%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).
High Dividend: 000002's dividend (6.57%) is in the top 25% of dividend payers in the CN market (1.75%)
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 (36.3%), 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 (35.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Jiusheng Zhu (52 yo)
3.67yrs
Tenure
CN¥11,231,000
Compensation
Mr. Jiusheng Zhu, MBA, is an Executive Director at China Vanke Co., Ltd. since June 30, 2020. He had been Non-Executive Director of E-House (China) Enterprise Holdings Limited since March 16, 2018 until Au...
CEO Compensation Analysis
Compensation vs Market: Jiusheng's total compensation ($USD1.75M) is above average for companies of similar size in the CN market ($USD367.35K).
Compensation vs Earnings: Jiusheng's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 000002's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
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 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¥214.466b
- Shares outstanding: 11.63b
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/16 15:27 |
| End of Day Share Price | 2021/09/16 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.