Financial Street Holdings
Market Cap
CN¥18.5b
Last Updated
2021/01/23 09:26 UTC
Data Sources
Company Financials +
Executive Summary
Financial Street Holdings Co., Ltd. engages in the real estate development business. More Details
Rewards
Risk Analysis
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
| 402 | Industry | Market | |
|---|---|---|---|
| 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO & Director of the Finance Department | 9.5yrs | no data | no data | |
| Deputy General Manager | 9yrs | no data | no data | |
| Chief Architect | 9.5yrs | no data | no data | |
| Deputy General Manager | 14.92yrs | no data | no data | |
| Deputy GM & Non Independent Director | 0.42yr | no data | no data | |
| Deputy General Manager | 6.42yrs | no data | no data | |
| Deputy General Manager | no data | no data | no data | |
| Secretary | 9.5yrs | no data | no data | |
| GM & Non-Independent Director | no data | CN¥2.83m | no data | |
| Deputy General Manager & Independent Director | 0.42yr | no data | no data | |
| Deputy GM & Supervisor | 3.92yrs | CN¥2.52m | no data | |
| Chief Engineer | no data | CN¥1.68m | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Deputy GM & Non Independent Director | 0.42yr | no data | no data | |
| GM & Non-Independent Director | no data | CN¥2.83m | no data | |
| Deputy General Manager & Independent Director | 0.42yr | no data | no data | |
| Deputy GM & Supervisor | 3.92yrs | CN¥2.52m | no data | |
| Chairman of the Board | 9.58yrs | no data | no data | |
| Honorary Chairman | no data | no data | no data | |
| Chairman of the Board of Supervisors | no data | no data | no data | |
| Non-Independent Director | 3.92yrs | CN¥1.18m | no data | |
| Non-Independent Director | 3.92yrs | no data | no data | |
| Non-Independent Director | 2.42yrs | no data | no data | |
| Independent director | no data | no data | no data | |
| Non Independent Director | 0.50yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 402 | SZSE (Shenzhen Stock Exchange) | Yes | Domestic Shares | CN | CNY | Sep 1996 |
| 402 | XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect) | Yes | Domestic Shares | CN | CNY | Sep 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 09:26 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.