SZSE:000402

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Financial Street Holdings

Executive Summary

Financial Street Holdings Co., Ltd. engages in the real estate development business. More Details


Snowflake Analysis

Very undervalued established dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 000402 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 000402's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-1.1%

402

-0.5%

CN Real Estate

2.9%

CN Market


1 Year Return

-17.3%

402

-6.0%

CN Real Estate

31.8%

CN Market

Return vs Industry: 000402 underperformed the CN Real Estate industry which returned -6% over the past year.

Return vs Market: 000402 underperformed the CN Market which returned 31.8% over the past year.


Shareholder returns

402IndustryMarket
7 Day-1.1%-0.5%2.9%
30 Day-4.5%-1.6%7.2%
90 Day-9.2%-7.0%11.5%
1 Year-14.0%-17.3%-2.9%-6.0%34.0%31.8%
3 Year-43.2%-49.3%-26.6%-32.6%23.1%17.0%
5 Year-13.2%-28.0%-3.4%-13.8%51.6%41.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Financial Street Holdings 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: 000402 (CN¥6.2) is trading below our estimate of fair value (CN¥28.24)

Significantly Below Fair Value: 000402 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 000402 is good value based on its PE Ratio (6.3x) compared to the CN Real Estate industry average (14.8x).

PE vs Market: 000402 is good value based on its PE Ratio (6.3x) compared to the CN market (35.1x).


Price to Earnings Growth Ratio

PEG Ratio: 000402 is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: 000402 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 Financial Street Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

15.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 000402's forecast earnings growth (15.2% per year) is above the savings rate (3.3%).

Earnings vs Market: 000402's earnings (15.2% per year) are forecast to grow slower than the CN market (24.4% per year).

High Growth Earnings: 000402's earnings are forecast to grow, but not significantly.

Revenue vs Market: 000402's revenue (19.3% per year) is forecast to grow faster than the CN market (18.3% per year).

High Growth Revenue: 000402's revenue (19.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 000402's Return on Equity is forecast to be low in 3 years time (9.9%).


Next Steps

Past Performance

How has Financial Street Holdings performed over the past 5 years?

5.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 000402 has a large one-off gain of CN¥1.2B impacting its September 30 2020 financial results.

Growing Profit Margin: 000402's current net profit margins (12.7%) are lower than last year (13.5%).


Past Earnings Growth Analysis

Earnings Trend: 000402's earnings have grown by 5.2% per year over the past 5 years.

Accelerating Growth: 000402's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 000402 had negative earnings growth (-17.4%) over the past year, making it difficult to compare to the Real Estate industry average (-4.1%).


Return on Equity

High ROE: 000402's Return on Equity (8.6%) is considered low.


Next Steps

Financial Health

How is Financial Street Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 000402's short term assets (CN¥116.2B) exceed its short term liabilities (CN¥60.6B).

Long Term Liabilities: 000402's short term assets (CN¥116.2B) exceed its long term liabilities (CN¥69.6B).


Debt to Equity History and Analysis

Debt Level: 000402's debt to equity ratio (230.1%) is considered high.

Reducing Debt: 000402's debt to equity ratio has increased from 196.4% to 230.1% over the past 5 years.

Debt Coverage: 000402's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 000402's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Financial Street Holdings's current dividend yield, its reliability and sustainability?

4.84%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 000402's dividend (4.84%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 000402's dividend (4.84%) is in the top 25% of dividend payers in the CN market (1.81%)


Stability and Growth of Payments

Stable Dividend: 000402's dividend payments have been volatile in the past 10 years.

Growing Dividend: 000402's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.5%), 000402's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 000402's dividends in 3 years are forecast to be well covered by earnings (36.1% payout ratio).


Next Steps

Management

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

9.3yrs

Average management tenure


CEO

Liang Gao (50 yo)

no data

Tenure

CN¥2,830,000

Compensation

Ms. Liang Gao serves as General Manager and Non-Independent Director at Financial Street Holdings Co., Ltd. (formerly known as Financial Street Holding Co., Ltd.). Ms. Gao has been Non-Executive Director a...


Leadership Team

NamePositionTenureCompensationOwnership
Mei Zhang
CFO & Director of the Finance Department9.5yrsno datano data
Zhi Wang
Deputy General Manager9yrsno datano data
Ying Jie Fu
Chief Architect9.5yrsno datano data
Xuan Yang
Deputy General Manager14.92yrsno datano data
Hong Lu
Deputy GM & Non Independent Director0.42yrno datano data
Huaping Sheng
Deputy General Manager6.42yrsno datano data
Liang Li
Deputy General Managerno datano datano data
Xiao Peng Zhang
Secretary9.5yrsno datano data
Liang Gao
GM & Non-Independent Directorno dataCN¥2.83mno data
Yan Hui Zhu
Deputy General Manager & Independent Director0.42yrno datano data
Qian Li
Deputy GM & Supervisor3.92yrsCN¥2.52mno data
Xuejun Mao
Chief Engineerno dataCN¥1.68mno data

9.3yrs

Average Tenure

51yo

Average Age

Experienced Management: 000402's management team is seasoned and experienced (9.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hong Lu
Deputy GM & Non Independent Director0.42yrno datano data
Liang Gao
GM & Non-Independent Directorno dataCN¥2.83mno data
Yan Hui Zhu
Deputy General Manager & Independent Director0.42yrno datano data
Qian Li
Deputy GM & Supervisor3.92yrsCN¥2.52mno data
Shichun Liu
Chairman of the Board9.58yrsno datano data
Gongwei Wang
Honorary Chairmanno datano datano data
Guo Hu
Chairman of the Board of Supervisorsno datano datano data
Yang Yang
Non-Independent Director3.92yrsCN¥1.18mno data
Li Bai
Non-Independent Director3.92yrsno datano data
Peng Zhao
Non-Independent Director2.42yrsno datano data
Xiao Zhou Yang
Independent directorno datano datano data
Zhenyu Dong
Non Independent Director0.50yrno datano data

3.2yrs

Average Tenure

53.5yo

Average Age

Experienced Board: 000402's board of directors are considered experienced (3.2 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

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


Key Information

  • Name: Financial Street Holdings Co., Ltd.
  • Ticker: 402
  • Exchange: SZSE
  • Founded: 1996
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥18.531b
  • Shares outstanding: 2.99b
  • Website: https://www.jrjkg.com.cn

Number of Employees


Location

  • Financial Street Holdings Co., Ltd.
  • No.7 Jinchengfang Street
  • Xicheng District
  • Beijing
  • 100033
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
402SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYSep 1996
402XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYSep 1996

Biography

Financial Street Holdings Co., Ltd. engages in the real estate development business. Its property portfolio includes business complexes, office buildings, hotels, tourism real estate properties, and reside...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 09:26
End of Day Share Price2021/01/22 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.