SZSE:001979

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China Merchants Shekou Industrial Zone Holdings

Executive Summary

China Merchants Shekou Industrial Zone Holdings Co., Ltd. More Details


Snowflake Analysis

Undervalued with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has China Merchants Shekou Industrial Zone Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 001979 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 001979's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

2.7%

1979

4.7%

CN Real Estate

-1.5%

CN Market


1 Year Return

-28.6%

1979

-4.2%

CN Real Estate

26.6%

CN Market

Return vs Industry: 001979 underperformed the CN Real Estate industry which returned -4.2% over the past year.

Return vs Market: 001979 underperformed the CN Market which returned 26.6% over the past year.


Shareholder returns

1979IndustryMarket
7 Day2.7%4.7%-1.5%
30 Day0%0.7%5.2%
90 Day-13.1%-3.3%7.0%
1 Year-25.3%-28.6%-1.1%-4.2%28.6%26.6%
3 Year-40.6%-46.8%-23.5%-29.7%22.6%16.5%
5 Year8.8%-6.5%0.5%-10.1%49.9%39.7%

Long-Term Price Volatility Vs. Market

How volatile is China Merchants Shekou Industrial Zone Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is China Merchants Shekou Industrial Zone 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: 001979 (CN¥13.3) is trading below our estimate of fair value (CN¥35.82)

Significantly Below Fair Value: 001979 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 001979 is good value based on its PE Ratio (10.5x) compared to the CN Real Estate industry average (14.8x).

PE vs Market: 001979 is good value based on its PE Ratio (10.5x) compared to the CN market (35.5x).


Price to Earnings Growth Ratio

PEG Ratio: 001979 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: 001979's PB Ratio (1.2x) is in line with the CN Real Estate industry average.


Next Steps

Future Growth

How is China Merchants Shekou Industrial Zone Holdings forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

18.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 001979's forecast earnings growth (18% per year) is above the savings rate (3.3%).

Earnings vs Market: 001979's earnings (18% per year) are forecast to grow slower than the CN market (24.3% per year).

High Growth Earnings: 001979's earnings are forecast to grow, but not significantly.

Revenue vs Market: 001979's revenue (15.6% per year) is forecast to grow slower than the CN market (18.2% per year).

High Growth Revenue: 001979's revenue (15.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 001979's Return on Equity is forecast to be low in 3 years time (17.9%).


Next Steps

Past Performance

How has China Merchants Shekou Industrial Zone Holdings performed over the past 5 years?

17.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 001979 has high quality earnings.

Growing Profit Margin: 001979's current net profit margins (10.7%) are lower than last year (15.1%).


Past Earnings Growth Analysis

Earnings Trend: 001979's earnings have grown by 17.5% per year over the past 5 years.

Accelerating Growth: 001979's earnings growth over the past year (8.5%) is below its 5-year average (17.5% per year).

Earnings vs Industry: 001979 earnings growth over the past year (8.5%) exceeded the Real Estate industry -3.3%.


Return on Equity

High ROE: 001979's Return on Equity (7.3%) is considered low.


Next Steps

Financial Health

How is China Merchants Shekou Industrial Zone Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 001979's short term assets (CN¥556.8B) exceed its short term liabilities (CN¥387.1B).

Long Term Liabilities: 001979's short term assets (CN¥556.8B) exceed its long term liabilities (CN¥93.2B).


Debt to Equity History and Analysis

Debt Level: 001979's debt to equity ratio (68.9%) is considered high.

Reducing Debt: 001979's debt to equity ratio has reduced from 108.7% to 68.9% over the past 5 years.

Debt Coverage: 001979's debt is not well covered by operating cash flow (9.6%).

Interest Coverage: 001979 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is China Merchants Shekou Industrial Zone Holdings's current dividend yield, its reliability and sustainability?

6.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 001979's dividend (6.24%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 001979's dividend (6.24%) is in the top 25% of dividend payers in the CN market (1.8%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 001979 has been paying a dividend for less than 10 years.

Growing Dividend: 001979's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.4%), 001979's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 001979's dividends in 3 years are forecast to be well covered by earnings (40.2% payout ratio).


Next Steps

Management

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

5.0yrs

Average management tenure


CEO

Tiefeng Jiang (47 yo)

1.25yrs

Tenure

CN¥5,369,600

Compensation

Mr. Jiang Tiefeng serves as Dirtector at China Merchants Shekou Industrial Zone Holdings Co., Ltd. since November 11, 2019. He serves as General Manager at China Merchants Shekou Industrial Zone Holdings C...


Leadership Team

NamePositionTenureCompensationOwnership
Tiefeng Jiang
General Manager & Director1.25yrsCN¥5.37m0.0016%
CN¥ 1.7m
Junlong Huang
Deputy General Manager of Finance Departmentno dataCN¥3.76m0.0016%
CN¥ 1.7m
Wenkai Zhu
Executive Deputy GM & Director1.17yrsCN¥4.39m0.0027%
CN¥ 2.8m
Wei Liu
Deputy Secretary of Party Committee5yrsCN¥4.93mno data
Nie Liming
Deputy General Managerno dataCN¥3.96m0.0011%
CN¥ 1.2m
Ning Liu
Secretary of the Board of Directors5.08yrsCN¥3.38m0.0019%
CN¥ 2.0m
Ye Liu
General Counsel1.17yrsno data0.0011%
CN¥ 1.2m
Gang Chen
Chief Economic Managerno datano datano data
Wan Xin
Employee Supervisor & Deputy Director of Legal Affairs of Risk Management2.33yrsno datano data
Xie Yangjia
Employee Supervisor & Senior Account of Finance Management2.33yrsno datano data

5.0yrs

Average Tenure

49.5yo

Average Age

Experienced Management: 001979's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tiefeng Jiang
General Manager & Director1.25yrsCN¥5.37m0.0016%
CN¥ 1.7m
Wenkai Zhu
Executive Deputy GM & Director1.17yrsCN¥4.39m0.0027%
CN¥ 2.8m
Wei Liu
Deputy Secretary of Party Committee5yrsCN¥4.93mno data
Wan Xin
Employee Supervisor & Deputy Director of Legal Affairs of Risk Management2.33yrsno datano data
Xie Yangjia
Employee Supervisor & Senior Account of Finance Management2.33yrsno datano data
Huilai Luo
Non-Independent Director4.17yrsno data0.0012%
CN¥ 1.3m
Yongjun Xu
Chairman1.42yrsCN¥5.05m0.0046%
CN¥ 4.9m
Hu Qin
Supervisor2.33yrsno datano data
Zong Sheng Chu
Non-independent Director5yrsno data0.0022%
CN¥ 2.3m
Kong Ying
Independent Director0.83yrno datano data
Wenzhou Qu
Independent Director2.33yrsCN¥50.00kno data
Yuanqing Cai
Independent Director2.33yrsCN¥50.00kno data

2.3yrs

Average Tenure

52.5yo

Average Age

Experienced Board: 001979's board of directors are not considered experienced ( 2.3 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

China Merchants Shekou Industrial Zone Holdings Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Merchants Shekou Industrial Zone Holdings Co., Ltd.
  • Ticker: 1979
  • Exchange: SZSE
  • Founded: 1979
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥105.639b
  • Shares outstanding: 7.74b
  • Website: https://www.cmsk1979.com

Number of Employees


Location

  • China Merchants Shekou Industrial Zone Holdings Co., Ltd.
  • Building 3, NH E-Cool
  • No. 6, Xinghua Road
  • Shenzhen
  • Guangdong Province
  • 518067
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1979SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYDec 2015
1979XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYDec 2015

Biography

China Merchants Shekou Industrial Zone Holdings Co., Ltd. engages in the development and operation of industrial parks, and residential and commercial real estate properties in China. It also operates in t...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/20 09:28
End of Day Share Price2021/01/20 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.