863

Sanxiang ImpressionSZSE:000863 Stock Report

Market Cap

CN¥3.9b

7D

-2.1%

1Y

-18.4%

Updated

19 Sep, 2021

Data

Company Financials
863 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends2/6

863 Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Sanxiang Impression
Historical stock prices
Current Share PriceCN¥3.33
52 Week HighCN¥2.95
52 Week LowCN¥5.35
Beta0.14
1 Month Change9.18%
3 Month Change0.30%
1 Year Change-18.38%
3 Year Change-19.18%
5 Year Change-65.67%
Change since IPO-54.45%

Recent News & Updates

Shareholder Returns

863CN Real EstateCN Market
7D-2.1%-3.6%-2.4%
1Y-18.4%-23.9%9.2%

Return vs Industry: 000863 exceeded the CN Real Estate industry which returned -23.9% over the past year.

Return vs Market: 000863 underperformed the CN Market which returned 9.2% over the past year.

Price Volatility

Is 863's price volatile compared to industry and market?
863 volatility
863 Beta0.14
Industry Beta0.71
Market Beta1

Stable Share Price: 000863 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 000863's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996500Sheng Wanghttps://www.sxgf.com

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 agencies, advertising communication, and property management services. It also conducts cultural performances and experiential scene drama.

Sanxiang Impression Fundamentals Summary

How do Sanxiang Impression's earnings and revenue compare to its market cap?
863 fundamental statistics
Market CapCN¥3.93b
Earnings (TTM)CN¥425.66m
Revenue (TTM)CN¥7.01b

9.2x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
863 income statement (TTM)
RevenueCN¥7.01b
Cost of RevenueCN¥6.06b
Gross ProfitCN¥959.23m
ExpensesCN¥533.57m
EarningsCN¥425.66m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.33
Gross Margin13.67%
Net Profit Margin6.07%
Debt/Equity Ratio33.8%

How did 863 perform over the long term?

See historical performance and comparison

Dividends

24.0%

Current Dividend Yield

120%

Payout Ratio

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¥3.33) is trading below our estimate of fair value (CN¥6.85)

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


Price To Earnings Ratio

PE vs Industry: 000863 is good value based on its PE Ratio (9.2x) compared to the CN Real Estate industry average (12.7x).

PE vs Market: 000863 is good value based on its PE Ratio (9.2x) compared to the CN market (34.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 000863's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 000863 is good value based on its PB Ratio (0.8x) compared to the CN Real Estate industry average (1.1x).


Future Growth

How is Sanxiang Impression forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.4%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sanxiang Impression has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Sanxiang Impression performed over the past 5 years?

-24.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 000863 has high quality earnings.

Growing Profit Margin: 000863 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 000863's earnings have declined by 24.5% 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 (19.2%).


Return on Equity

High ROE: 000863's Return on Equity (7.5%) is considered low.


Financial Health

How is Sanxiang Impression's financial position?


Financial Position Analysis

Short Term Liabilities: 000863's short term assets (CN¥6.2B) exceed its short term liabilities (CN¥2.0B).

Long Term Liabilities: 000863's short term assets (CN¥6.2B) exceed its long term liabilities (CN¥1.4B).


Debt to Equity History and Analysis

Debt Level: 000863's debt to equity ratio (33.8%) is considered satisfactory.

Reducing Debt: 000863's debt to equity ratio has reduced from 76.6% to 33.8% over the past 5 years.

Debt Coverage: 000863's debt is not well covered by operating cash flow (12.3%).

Interest Coverage: 000863's interest payments on its debt are well covered by EBIT (9.3x coverage).


Balance Sheet


Dividend

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

24.02%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 000863's dividend (24.02%) is higher than the bottom 25% of dividend payers in the CN market (0.41%).

High Dividend: 000863's dividend (24.02%) is in the top 25% of dividend payers in the CN market (1.79%)


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 6 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (119.5%), 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?

3.3yrs

Average board tenure


CEO

Sheng Wang

1.67yrs

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

Experienced Board: 000863's board of directors are considered experienced (3.3 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

Sanxiang Impression Co., Ltd.'s 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¥3.932b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 09:03
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
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.