Wedge Industrial Co., Ltd. invests in, develops, sells, and operates real estate properties in China. More Details
High growth potential with excellent balance sheet.
Share Price & News
How has Wedge Industrial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 000534 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 000534's weekly volatility (6%) has been stable over the past year.
7 Day Return
CN Real Estate
1 Year Return
CN Real Estate
Return vs Industry: 000534 exceeded the CN Real Estate industry which returned -21.9% over the past year.
Return vs Market: 000534 exceeded the CN Market which returned 9.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Wedge Industrial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Wedge Industrial undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 000534 (CN¥15.99) is trading above our estimate of fair value (CN¥0.67)
Significantly Below Fair Value: 000534 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 000534 is poor value based on its PE Ratio (85.7x) compared to the CN Real Estate industry average (12.7x).
PE vs Market: 000534 is poor value based on its PE Ratio (85.7x) compared to the CN market (34.9x).
Price to Earnings Growth Ratio
PEG Ratio: 000534 is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: 000534 is overvalued based on its PB Ratio (7.8x) compared to the CN Real Estate industry average (1.1x).
How is Wedge Industrial forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 000534's forecast earnings growth (50.3% per year) is above the savings rate (3.3%).
Earnings vs Market: 000534's earnings (50.3% per year) are forecast to grow faster than the CN market (23.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 000534's revenue (43.8% per year) is forecast to grow faster than the CN market (18.2% per year).
High Growth Revenue: 000534's revenue (43.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 000534's Return on Equity is forecast to be high in 3 years time
How has Wedge Industrial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 000534 has a large one-off gain of CN¥64.8M impacting its June 30 2021 financial results.
Growing Profit Margin: 000534's current net profit margins (15.3%) are lower than last year (16.2%).
Past Earnings Growth Analysis
Earnings Trend: 000534's earnings have grown by 2.3% per year over the past 5 years.
Accelerating Growth: 000534's earnings growth over the past year (8.2%) exceeds its 5-year average (2.3% per year).
Earnings vs Industry: 000534 earnings growth over the past year (8.2%) underperformed the Real Estate industry 19.2%.
Return on Equity
High ROE: 000534's Return on Equity (8%) is considered low.
How is Wedge Industrial's financial position?
Financial Position Analysis
Short Term Liabilities: 000534's short term assets (CN¥606.8M) exceed its short term liabilities (CN¥514.5M).
Long Term Liabilities: 000534's short term assets (CN¥606.8M) exceed its long term liabilities (CN¥474.0M).
Debt to Equity History and Analysis
Debt Level: 000534's debt to equity ratio (41%) is considered high.
Reducing Debt: 000534's debt to equity ratio has reduced from 50% to 41% over the past 5 years.
Debt Coverage: 000534's debt is well covered by operating cash flow (42.8%).
Interest Coverage: 000534 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Wedge Industrial current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 000534's dividend (0.38%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.41%).
High Dividend: 000534's dividend (0.38%) is low compared to the top 25% of dividend payers in the CN market (1.79%).
Stability and Growth of Payments
Stable Dividend: 000534's dividend payments have been volatile in the past 10 years.
Growing Dividend: 000534's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.2%), 000534's dividend payments are well 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Zhen Guang Huang
Mr. Zhen Guang Huang serves as General Manager and Director of Wedge Industrial Co., Ltd.
Experienced Board: 000534's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Wedge Industrial Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Wedge Industrial Co., Ltd.
- Ticker: 534
- Exchange: SZSE
- Founded: 1992
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: CN¥7.864b
- Shares outstanding: 491.79m
- Website: https://www.wedgeind.com
Number of Employees
- Wedge Industrial Co., Ltd.
- Guangming Building
- 8th Floor
- Guangdong Province
Wedge Industrial Co., Ltd. invests in, develops, sells, and operates real estate properties in China. It also engages in power generation and steam heat supply activities. The company was formerly known as...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/20 09:02|
|End of Day Share Price||2021/09/17 00:00|
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.