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1979

China Merchants Shekou Industrial Zone HoldingsSZSE:001979 Stock Report

Last Price

CN¥13.40

Market Cap

CN¥104.2b

7D

-3.3%

1Y

9.2%

Updated

26 Jan, 2022

Data

Company Financials +
1979 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends4/6

1979 Stock Overview

China Merchants Shekou Industrial Zone Holdings Co., Ltd.

China Merchants Shekou Industrial Zone Holdings Competitors

China Vanke

SZSE:000002

CN¥234.2b

China Resources Land

SEHK:1109

HK$268.5b

China Overseas Land & Investment

SEHK:688

HK$254.5b

Logan Group

SEHK:3380

HK$37.1b

Price History & Performance

Summary of all time highs, changes and price drops for China Merchants Shekou Industrial Zone Holdings
Historical stock prices
Current Share PriceCN¥13.40
52 Week HighCN¥15.03
52 Week LowCN¥9.02
Beta0.53
1 Month Change1.67%
3 Month Change22.26%
1 Year Change9.21%
3 Year Change-29.14%
5 Year Change-19.47%
Change since IPO-42.19%

Recent News & Updates

Shareholder Returns

1979CN Real EstateCN Market
7D-3.3%-3.7%-4.6%
1Y9.2%-7.2%-4.4%

Return vs Industry: 001979 exceeded the CN Real Estate industry which returned -7.2% over the past year.

Return vs Market: 001979 exceeded the CN Market which returned -4.4% over the past year.

Price Volatility

Is 1979's price volatile compared to industry and market?
1979 volatility
1979 Average Weekly Movement6.5%
Real Estate Industry Average Movement5.2%
Market Average Movement6.1%
10% most volatile stocks in CN Market9.6%
10% least volatile stocks in CN Market3.6%

Stable Share Price: 001979 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 001979's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197948,465Tiefeng Jianghttps://www.cmsk1979.com

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

China Merchants Shekou Industrial Zone Holdings Fundamentals Summary

How do China Merchants Shekou Industrial Zone Holdings's earnings and revenue compare to its market cap?
1979 fundamental statistics
Market CapCN¥104.25b
Earnings (TTM)CN¥16.41b
Revenue (TTM)CN¥161.26b

6.3x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1979 income statement (TTM)
RevenueCN¥161.26b
Cost of RevenueCN¥120.86b
Gross ProfitCN¥40.40b
ExpensesCN¥23.98b
EarningsCN¥16.41b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.12
Gross Margin25.05%
Net Profit Margin10.18%
Debt/Equity Ratio61.7%

How did 1979 perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

26%

Payout Ratio

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¥13.4) is trading below our estimate of fair value (CN¥44.62)

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 (6.3x) compared to the CN Real Estate industry average (12.8x).

PE vs Market: 001979 is good value based on its PE Ratio (6.3x) compared to the CN market (34.4x).


Price to Earnings Growth Ratio

PEG Ratio: 001979 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 001979 is good value based on its PB Ratio (0.9x) compared to the CN Real Estate industry average (1.1x).


Future Growth

How is China Merchants Shekou Industrial Zone Holdings forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

12.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 001979's forecast earnings growth (12.4% per year) is above the savings rate (3.3%).

Earnings vs Market: 001979's earnings (12.4% per year) are forecast to grow slower than the CN market (25% per year).

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

Revenue vs Market: 001979's revenue (12.9% per year) is forecast to grow slower than the CN market (18.6% per year).

High Growth Revenue: 001979's revenue (12.9% 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 (13.8%).


Past Performance

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

6.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 001979 has high quality earnings.

Growing Profit Margin: 001979's current net profit margins (10.2%) are lower than last year (10.7%).


Past Earnings Growth Analysis

Earnings Trend: 001979's earnings have grown by 6.9% per year over the past 5 years.

Accelerating Growth: 001979's earnings growth over the past year (25%) exceeds its 5-year average (6.9% per year).

Earnings vs Industry: 001979 earnings growth over the past year (25%) exceeded the Real Estate industry 8.3%.


Return on Equity

High ROE: 001979's Return on Equity (8%) is considered low.


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¥683.4B) exceed its short term liabilities (CN¥440.9B).

Long Term Liabilities: 001979's short term assets (CN¥683.4B) exceed its long term liabilities (CN¥143.3B).


Debt to Equity History and Analysis

Debt Level: 001979's net debt to equity ratio (34%) is considered satisfactory.

Reducing Debt: 001979's debt to equity ratio has reduced from 87.2% to 61.7% over the past 5 years.

Debt Coverage: 001979's debt is not well covered by operating cash flow (15%).

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


Balance Sheet


Dividend

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

4.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 001979's dividend (4.78%) is higher than the bottom 25% of dividend payers in the CN market (0.42%).

High Dividend: 001979's dividend (4.78%) is in the top 25% of dividend payers in the CN market (1.87%)


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 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.9%), 001979's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 001979's dividends in 3 years are forecast to be well covered by earnings (44.7% payout ratio).


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

Tiefeng Jiang (48 yo)

2.25yrs

Tenure

CN¥5,369,600

Compensation

Mr. Jiang Tiefeng serves as Director 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 Co...


Leadership Team

Experienced Management: 001979's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: 001979'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

China Merchants Shekou Industrial Zone Holdings Co., Ltd.'s 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
  • Implied Market Cap: CN¥104.246b
  • Shares outstanding: 7.74b
  • Website: https://www.cmsk1979.com

Number of Employees


Location

  • China Merchants Shekou Industrial Zone Holdings Co., Ltd.
  • Building 3, Nanhai Yiku
  • No. 6, Xinghua Road
  • Shenzhen
  • Guangdong Province
  • 518067
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 09:01
End of Day Share Price2022/01/26 00:00
Earnings2021/09/30
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.