SZSE:000031

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Grandjoy Holdings Group

Executive Summary

Grandjoy Holdings Group Co., Ltd. operates as a real estate development company in China. More Details


Snowflake Analysis

Undervalued with high growth potential and pays a dividend.

Share Price & News

How has Grandjoy Holdings Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 000031 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 000031's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-6.6%

31

-3.4%

CN Real Estate

1.9%

CN Market


1 Year Return

-35.6%

31

-7.2%

CN Real Estate

32.4%

CN Market

Return vs Industry: 000031 underperformed the CN Real Estate industry which returned -7.2% over the past year.

Return vs Market: 000031 underperformed the CN Market which returned 32.4% over the past year.


Shareholder returns

31IndustryMarket
7 Day-6.6%-3.4%1.9%
30 Day-7.5%-1.7%7.6%
90 Day-12.4%-6.3%11.5%
1 Year-33.7%-35.6%-4.2%-7.2%34.6%32.4%
3 Yearn/a-26.7%-32.8%25.4%19.1%
5 Year-56.2%-58.8%-3.7%-14.0%54.1%43.5%

Long-Term Price Volatility Vs. Market

How volatile is Grandjoy Holdings Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Grandjoy Holdings Group 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: 000031 (CN¥4.08) is trading below our estimate of fair value (CN¥24.03)

Significantly Below Fair Value: 000031 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 000031 is poor value based on its PE Ratio (21.4x) compared to the CN Real Estate industry average (14.4x).

PE vs Market: 000031 is good value based on its PE Ratio (21.4x) compared to the CN market (34.5x).


Price to Earnings Growth Ratio

PEG Ratio: 000031 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 000031 is good value based on its PB Ratio (0.9x) compared to the CN Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Grandjoy Holdings Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

27.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 000031's forecast earnings growth (27.9% per year) is above the savings rate (3.3%).

Earnings vs Market: 000031's earnings (27.9% per year) are forecast to grow faster than the CN market (24.5% per year).

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

Revenue vs Market: 000031's revenue (24.8% per year) is forecast to grow faster than the CN market (18.4% per year).

High Growth Revenue: 000031's revenue (24.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 000031's Return on Equity is forecast to be low in 3 years time (11%).


Next Steps

Past Performance

How has Grandjoy Holdings Group performed over the past 5 years?

21.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 000031 has a large one-off loss of CN¥819.3M impacting its September 30 2020 financial results.

Growing Profit Margin: 000031's current net profit margins (2.7%) are lower than last year (8.8%).


Past Earnings Growth Analysis

Earnings Trend: 000031's earnings have grown significantly by 21.8% per year over the past 5 years.

Accelerating Growth: 000031's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 000031 had negative earnings growth (-71.4%) over the past year, making it difficult to compare to the Real Estate industry average (-4.1%).


Return on Equity

High ROE: 000031's Return on Equity (3.4%) is considered low.


Next Steps

Financial Health

How is Grandjoy Holdings Group's financial position?


Financial Position Analysis

Short Term Liabilities: 000031's short term assets (CN¥149.0B) exceed its short term liabilities (CN¥87.2B).

Long Term Liabilities: 000031's short term assets (CN¥149.0B) exceed its long term liabilities (CN¥66.9B).


Debt to Equity History and Analysis

Debt Level: 000031's debt to equity ratio (172.5%) is considered high.

Reducing Debt: 000031's debt to equity ratio has reduced from 217.9% to 172.5% over the past 5 years.

Debt Coverage: 000031's debt is not well covered by operating cash flow (10.4%).

Interest Coverage: 000031's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Grandjoy Holdings Group current dividend yield, its reliability and sustainability?

4.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 000031's dividend (4.17%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 000031's dividend (4.17%) is in the top 25% of dividend payers in the CN market (1.84%)


Stability and Growth of Payments

Stable Dividend: 000031's dividends per share have been stable in the past 10 years.

Growing Dividend: 000031's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (89%), 000031'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?

1.8yrs

Average management tenure


CEO

Ronggen Cao (57 yo)

3.67yrs

Tenure

CN¥1,232,100

Compensation

Mr. Ronggen Cao is the General Manager and Director of Grandjoy Holdings Group Co., Ltd. (formerly known as COFCO Property (Group) Co., Ltd.) since May 2017. He has been an Executive Director of Joy City P...


Leadership Team

NamePositionTenureCompensationOwnership
Ronggen Cao
GM & Director3.67yrsCN¥1.23mno data
An Feng
Deputy General Managerno dataCN¥962.10kno data
Jin Yang Li
Vice GM & Director9.42yrsCN¥1.37mno data
Bingxin Song
General Counsel & Secretary of the Board of Directors1.75yrsno datano data
Hong Cao
Chief Architect1.75yrsno datano data

1.8yrs

Average Tenure

54yo

Average Age

Experienced Management: 000031's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ronggen Cao
GM & Director3.67yrsCN¥1.23mno data
Jin Yang Li
Vice GM & Director9.42yrsCN¥1.37mno data
Zheng Zhou
Chairman of the Board10yrsno datano data
De Wei Ma
Directorno datano datano data
Fu Yu
Chairman of Supervisory Board11.17yrsno datano data
Yong Wang
Independent Director4.58yrsno datano data
Lai Bin Zhu
Non Independent Director0.83yrno datano data
Yong Jiang
Non-Independent Director2.58yrsno datano data
Yuan Liu
Independent Director2.58yrsno datano data
Chun Yuan
Independent Director2.58yrsno datano data
Lipeng Wu
Vice Chairman of the Board of Supervisors2.58yrsno datano data
Zuoxue Zhang
Non Independent Director0.83yrno datano data

2.6yrs

Average Tenure

57yo

Average Age

Experienced Board: 000031's board of directors are not considered experienced ( 2.6 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

Grandjoy Holdings Group Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Grandjoy Holdings Group Co., Ltd.
  • Ticker: 31
  • Exchange: SZSE
  • Founded: NaN
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥17.317b
  • Shares outstanding: 4.29b
  • Website: https://www.grandjoy.com

Number of Employees


Location

  • Grandjoy Holdings Group Co., Ltd.
  • Great China International Trade Square
  • 35th Floor
  • Shenzhen
  • Guangdong Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
31SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYMar 1995
31XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYMar 1995

Biography

Grandjoy Holdings Group Co., Ltd. operates as a real estate development company in China. It develops residential and industrial properties. The company is also involved in the rental of properties. The co...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 09:19
End of Day Share Price2021/01/26 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.