SZSE:000014

Stock Analysis Report

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Executive Summary

Shahe Industrial Co., Ltd. develops, operates, and manages real estate properties in China. More Details


Snowflake Analysis

Flawless balance sheet with poor track record.


Similar Companies

Share Price & News

How has Shahe Industrial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 000014 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 000014's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

5.5%

14

3.4%

CN Real Estate

0.5%

CN Market


1 Year Return

-9.1%

14

-7.0%

CN Real Estate

25.8%

CN Market

Return vs Industry: 000014 underperformed the CN Real Estate industry which returned -7% over the past year.

Return vs Market: 000014 underperformed the CN Market which returned 25.8% over the past year.


Shareholder returns

14IndustryMarket
7 Day5.5%3.4%0.5%
30 Day1.2%-0.5%4.7%
90 Day-18.1%-4.8%8.1%
1 Year-9.0%-9.1%-4.0%-7.0%27.9%25.8%
3 Year-33.7%-34.3%-24.8%-30.9%21.3%15.3%
5 Year-50.2%-50.7%-0.2%-10.9%49.4%39.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Shahe Industrial undervalued compared to its fair value and its price relative to the market?

36.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 000014 (CN¥8.29) is trading above our estimate of fair value (CN¥3.14)

Significantly Below Fair Value: 000014 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 000014 is poor value based on its PE Ratio (36.2x) compared to the CN Real Estate industry average (14.7x).

PE vs Market: 000014 is poor value based on its PE Ratio (36.2x) compared to the CN market (35.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 000014's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 000014 is overvalued based on its PB Ratio (1.9x) compared to the CN Real Estate industry average (1.1x).


Next Steps

Future Growth

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

20.9%

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 Shahe Industrial 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 Shahe Industrial performed over the past 5 years?

15.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 000014 has a large one-off gain of CN¥22.3M impacting its September 30 2020 financial results.

Growing Profit Margin: 000014's current net profit margins (8%) are lower than last year (49.6%).


Past Earnings Growth Analysis

Earnings Trend: 000014's earnings have grown by 15.6% per year over the past 5 years.

Accelerating Growth: 000014's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 000014 had negative earnings growth (-64.9%) over the past year, making it difficult to compare to the Real Estate industry average (-3.3%).


Return on Equity

High ROE: 000014's Return on Equity (6.4%) is considered low.


Next Steps

Financial Health

How is Shahe Industrial's financial position?


Financial Position Analysis

Short Term Liabilities: 000014's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.0B).

Long Term Liabilities: 000014's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥160.3M).


Debt to Equity History and Analysis

Debt Level: 000014's debt to equity ratio (17.3%) is considered satisfactory.

Reducing Debt: 000014's debt to equity ratio has reduced from 126.6% to 17.3% over the past 5 years.

Debt Coverage: 000014's debt is well covered by operating cash flow (48.2%).

Interest Coverage: 000014's interest payments on its debt are well covered by EBIT (167.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Shahe Industrial current dividend yield, its reliability and sustainability?

0.13%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 000014's dividend (0.13%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 000014's dividend (0.13%) is low compared to the top 25% of dividend payers in the CN market (1.79%).


Stability and Growth of Payments

Stable Dividend: 000014 is not paying a notable dividend for the CN market, therefore no need to check if payments are stable.

Growing Dividend: 000014 is not paying a notable dividend for the CN market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 000014 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 000014's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

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

0.8yrs

Average board tenure


CEO

Shahe Industrial has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Meifeng Xu
Supervisor0.75yrno datano data
Shichao Liu
Non-Independent Director3.92yrsno datano data
Yongde Li
Supervisor3.92yrsno datano data
Biao Liu
Non-Independent Director0.75yrno datano data
Yong Chen
Non-Independent Director0.75yrno datano data
Zhimin Chen
Independent Director0.75yrno datano data
Yueming Hu
Non-Independent Director0.75yrno datano data
Meiling Ma
Non-Independent Director0.75yrno datano data
Chuxiong Xiong
Independent Director0.75yrno datano data
Fang Dong
Non-Independent Director0.75yrno datano data
Susheng Wang
Independent Director0.75yrno datano data
Jiangming Li
Supervisor0.75yrno datano data

0.8yrs

Average Tenure

Experienced Board: 000014's board of directors are not considered experienced ( 0.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Shahe Industrial Co., Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shahe Industrial Co., Ltd
  • Ticker: 14
  • Exchange: SZSE
  • Founded: 1987
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥1.700b
  • Shares outstanding: 201.71m
  • Website: https://www.shahe.cn

Number of Employees


Location

  • Shahe Industrial Co., Ltd
  • Shahe Century Building
  • No. 2222 Baishi Road
  • Shenzhen
  • Guangdong Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
14SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYNov 1994

Biography

Shahe Industrial Co., Ltd. develops, operates, and manages real estate properties in China. The company was founded in 1987 and is based in Shenzhen, China.


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 09:17
End of Day Share Price2021/01/21 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.