SZSE:000656

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Jinke Property Group

Market Cap

CN¥20.8b

Last Updated

2021/07/31 09:24 UTC

Data Sources

Company Financials +

Executive Summary

Jinke Property Group Co., Ltd. engages in the real estate development business in China. More Details


Snowflake Analysis

Very undervalued with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 000656 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 000656's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-8.3%

656

-7.2%

CN Real Estate

-3.8%

CN Market


1 Year Return

-50.6%

656

-23.6%

CN Real Estate

3.5%

CN Market

Return vs Industry: 000656 underperformed the CN Real Estate industry which returned -26.5% over the past year.

Return vs Market: 000656 underperformed the CN Market which returned 3.6% over the past year.


Shareholder returns

656IndustryMarket
7 Day-8.3%-7.2%-3.8%
30 Day-26.9%-12.2%-3.6%
90 Day-34.8%-12.4%1.7%
1 Year-46.4%-50.6%-21.3%-23.6%5.0%3.5%
3 Year3.2%-14.3%-8.1%-15.8%56.8%48.8%
5 Year41.4%8.0%-26.8%-34.1%25.6%16.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Jinke Property 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: 000656 (CN¥4.3) is trading below our estimate of fair value (CN¥22.25)

Significantly Below Fair Value: 000656 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 000656 is good value based on its PE Ratio (3.4x) compared to the CN Real Estate industry average (13.3x).

PE vs Market: 000656 is good value based on its PE Ratio (3.4x) compared to the CN market (31.7x).


Price to Earnings Growth Ratio

PEG Ratio: 000656 is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: 000656 is good value based on its PB Ratio (0.6x) compared to the CN Real Estate industry average (0.9x).


Future Growth

How is Jinke Property Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

17.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 000656's forecast earnings growth (17.6% per year) is above the savings rate (3.3%).

Earnings vs Market: 000656's earnings (17.6% per year) are forecast to grow slower than the CN market (22.3% per year).

High Growth Earnings: 000656's earnings are forecast to grow, but not significantly.

Revenue vs Market: 000656's revenue (20.1% per year) is forecast to grow faster than the CN market (18% per year).

High Growth Revenue: 000656's revenue (20.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 000656's Return on Equity is forecast to be low in 3 years time (19.3%).


Past Performance

How has Jinke Property Group performed over the past 5 years?

39.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 000656 has high quality earnings.

Growing Profit Margin: 000656's current net profit margins (7.5%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: 000656's earnings have grown significantly by 39.6% per year over the past 5 years.

Accelerating Growth: 000656's earnings growth over the past year (19.9%) is below its 5-year average (39.6% per year).

Earnings vs Industry: 000656 earnings growth over the past year (19.9%) exceeded the Real Estate industry 9.2%.


Return on Equity

High ROE: 000656's Return on Equity (13.5%) is considered low.


Financial Health

How is Jinke Property Group's financial position?


Financial Position Analysis

Short Term Liabilities: 000656's short term assets (CN¥338.4B) exceed its short term liabilities (CN¥245.7B).

Long Term Liabilities: 000656's short term assets (CN¥338.4B) exceed its long term liabilities (CN¥69.3B).


Debt to Equity History and Analysis

Debt Level: 000656's debt to equity ratio (134.1%) is considered high.

Reducing Debt: 000656's debt to equity ratio has reduced from 266.3% to 134.1% over the past 5 years.

Debt Coverage: 000656's debt is not well covered by operating cash flow (18.4%).

Interest Coverage: 000656 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Jinke Property Group current dividend yield, its reliability and sustainability?

10.47%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 000656's dividend (10.47%) is higher than the bottom 25% of dividend payers in the CN market (0.42%).

High Dividend: 000656's dividend (10.47%) is in the top 25% of dividend payers in the CN market (1.89%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 000656 has been paying a dividend for less than 10 years.

Growing Dividend: 000656's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.6%), 000656's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 000656's dividends in 3 years are forecast to be well covered by earnings (33.5% payout ratio).


Next Steps

Management

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

0.4yrs

Average management tenure


CEO

Licheng Luo (56 yo)

0.33

Tenure

CN¥3,899,100

Compensation

Mr. Licheng Luo serves as Non-Executive Director at Jinke Smart Services Group Co., Ltd. since May 25, 2020. He serves as Co-President at Jinke Property Group Co., Ltd. since February 08, 2021 and served a...


Leadership Team

Experienced Management: 000656's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: 000656's board of directors are not considered experienced ( 0.5 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

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


Key Information

  • Name: Jinke Property Group Co., Ltd.
  • Ticker: 656
  • Exchange: SZSE
  • Founded: 1994
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥20.757b
  • Shares outstanding: 4.83b
  • Website: https://www.jinke.com

Number of Employees


Location

  • Jinke Property Group Co., Ltd.
  • Building 1
  • Jinke Center
  • Chongqing
  • 400020
  • China

Listings


Biography

Jinke Property Group Co., Ltd. engages in the real estate development business in China. The company also provides intelligent service solutions to residential and commercial buildings, industrial parks, p...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 09:24
End of Day Share Price2021/07/30 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.