SZSE:000863

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Sanxiang Impression

Executive Summary

Sanxiang Impression Co., Ltd. develops and operates real estate properties in China. More Details


Snowflake Analysis

High growth potential with adequate balance sheet.

Share Price & News

How has Sanxiang Impression's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 000863 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 000863's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

5.4%

863

-0.5%

CN Real Estate

2.9%

CN Market


1 Year Return

15.4%

863

-6.0%

CN Real Estate

31.8%

CN Market

Return vs Industry: 000863 exceeded the CN Real Estate industry which returned -6% over the past year.

Return vs Market: 000863 underperformed the CN Market which returned 31.8% over the past year.


Shareholder returns

863IndustryMarket
7 Day5.4%-0.5%2.9%
30 Day10.4%-1.6%7.2%
90 Day20.0%-7.0%11.5%
1 Year25.3%15.4%-2.9%-6.0%34.0%31.8%
3 Year9.9%-3.0%-26.6%-32.6%23.1%17.0%
5 Year-20.2%-32.4%-3.4%-13.8%51.6%41.1%

Long-Term Price Volatility Vs. Market

How volatile is Sanxiang Impression's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sanxiang Impression 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: 000863 (CN¥5.09) is trading below our estimate of fair value (CN¥38)

Significantly Below Fair Value: 000863 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 000863 is poor value based on its PE Ratio (60.2x) compared to the CN Real Estate industry average (14.8x).

PE vs Market: 000863 is poor value based on its PE Ratio (60.2x) compared to the CN market (35.1x).


Price to Earnings Growth Ratio

PEG Ratio: 000863 is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: 000863 is overvalued based on its PB Ratio (1.3x) compared to the CN Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Sanxiang Impression forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

58.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 000863's forecast earnings growth (58.2% per year) is above the savings rate (3.3%).

Earnings vs Market: 000863's earnings (58.2% per year) are forecast to grow faster than the CN market (24.4% per year).

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

Revenue vs Market: 000863's revenue (23.3% per year) is forecast to grow faster than the CN market (18.3% per year).

High Growth Revenue: 000863's revenue (23.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 000863's Return on Equity is forecast to be low in 3 years time (9.6%).


Next Steps

Past Performance

How has Sanxiang Impression performed over the past 5 years?

-38.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 000863 has a large one-off loss of CN¥774.1M impacting its September 30 2020 financial results.

Growing Profit Margin: 000863 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 000863's earnings have declined by 38.9% per year over the past 5 years.

Accelerating Growth: 000863 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 000863 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (-4.1%).


Return on Equity

High ROE: 000863's Return on Equity (0.5%) is considered low.


Next Steps

Financial Health

How is Sanxiang Impression's financial position?


Financial Position Analysis

Short Term Liabilities: 000863's short term assets (CN¥9.2B) exceed its short term liabilities (CN¥4.6B).

Long Term Liabilities: 000863's short term assets (CN¥9.2B) exceed its long term liabilities (CN¥2.0B).


Debt to Equity History and Analysis

Debt Level: 000863's debt to equity ratio (58.4%) is considered high.

Reducing Debt: 000863's debt to equity ratio has reduced from 161.6% to 58.4% over the past 5 years.

Debt Coverage: 000863's debt is well covered by operating cash flow (101.5%).

Interest Coverage: 000863's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Sanxiang Impression current dividend yield, its reliability and sustainability?

15.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 000863's dividend (15.72%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 000863's dividend (15.72%) is in the top 25% of dividend payers in the CN market (1.81%)


Stability and Growth of Payments

Stable Dividend: 000863 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 000863's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (472.9%), 000863's dividend payments are not 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.


Next Steps

Management

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

2.7yrs

Average board tenure


CEO

Sheng Wang

1

Tenure

Mr. Sheng Wang serves as President at Sanxiang Impression Co., Ltd. since 2020 and has been its Non-Independent Director since August 10, 2020. Mr. Wang serves as a Vice President at Shanghai Oriental Pear...


Board Members

NamePositionTenureCompensationOwnership
Jian Huang
VP & Non-Independent Director2.67yrsCN¥1.41mno data
Sheng Wang
President & Non-Independent Director1yrno datano data
Jue Zhang
Chief of Internal Audit Department & Employee Supervisor2.67yrsno datano data
Xin Huang
Non-Independent Director2.67yrsno datano data
Wenzhi Xu
Chairman2.67yrsCN¥3.74mno data
Nongfan Li
Chairman of Supervisory Boardno datano datano data
Xing Xiong
Supervisor2.67yrsno datano data
Jinsong Chen
Non-Independent Director2.67yrsno datano data
Lei Shi
Independent Director2.67yrsCN¥120.00kno data
Changsheng Zhou
Independent Director2.67yrsCN¥120.00kno data
Changjian Jiang
Independent Director2.67yrsCN¥120.00kno data
Wei Zhou
Non-Independent Director1.42yrsno datano data

2.7yrs

Average Tenure

52yo

Average Age

Experienced Board: 000863's board of directors are not considered experienced ( 2.7 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

Sanxiang Impression Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sanxiang Impression Co., Ltd.
  • Ticker: 863
  • Exchange: SZSE
  • Founded: 1996
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥6.010b
  • Shares outstanding: 1.18b
  • Website: https://www.sxgf.com

Number of Employees


Location

  • Sanxiang Impression Co., Ltd.
  • Room 501
  • No. 333, Yixian Road
  • Shanghai
  • 200434
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
863SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYAug 2012
863XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYAug 2012

Biography

Sanxiang Impression Co., Ltd. develops and operates real estate properties in China. The company offers integrating construction, installation, building materials processing, decoration design, real estate...


Company Analysis and Financial Data Status

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