SZSE:002244

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Hangzhou Binjiang Real Estate GroupLtd

Executive Summary

Hangzhou Binjiang Real Estate Group Co.,Ltd, a real estate company, engages in the real estate development business in China. More Details


Snowflake Analysis

High growth potential, good value and pays a dividend.


Similar Companies

Share Price & News

How has Hangzhou Binjiang Real Estate GroupLtd's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002244 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 002244's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-2.0%

2244

-0.5%

CN Real Estate

2.9%

CN Market


1 Year Return

1.1%

2244

-6.0%

CN Real Estate

31.8%

CN Market

Return vs Industry: 002244 exceeded the CN Real Estate industry which returned -6% over the past year.

Return vs Market: 002244 underperformed the CN Market which returned 31.8% over the past year.


Shareholder returns

2244IndustryMarket
7 Day-2.0%-0.5%2.9%
30 Day-1.8%-1.6%7.2%
90 Day-9.2%-7.0%11.5%
1 Year4.3%1.1%-2.9%-6.0%34.0%31.8%
3 Year-46.7%-49.7%-26.6%-32.6%23.1%17.0%
5 Year-31.1%-35.9%-3.4%-13.8%51.6%41.1%

Long-Term Price Volatility Vs. Market

How volatile is Hangzhou Binjiang Real Estate GroupLtd's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Hangzhou Binjiang Real Estate GroupLtd undervalued compared to its fair value and its price relative to the market?

8.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002244 (CN¥4.45) is trading above our estimate of fair value (CN¥1.51)

Significantly Below Fair Value: 002244 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002244 is good value based on its PE Ratio (8.4x) compared to the CN Real Estate industry average (14.8x).

PE vs Market: 002244 is good value based on its PE Ratio (8.4x) compared to the CN market (35.1x).


Price to Earnings Growth Ratio

PEG Ratio: 002244 is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: 002244 is good value based on its PB Ratio (0.8x) compared to the CN Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Hangzhou Binjiang Real Estate GroupLtd forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

30.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002244's forecast earnings growth (30.9% per year) is above the savings rate (3.3%).

Earnings vs Market: 002244's earnings (30.9% 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: 002244's revenue (23.2% per year) is forecast to grow faster than the CN market (18.3% per year).

High Growth Revenue: 002244's revenue (23.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002244's Return on Equity is forecast to be low in 3 years time (18.5%).


Next Steps

Past Performance

How has Hangzhou Binjiang Real Estate GroupLtd performed over the past 5 years?

7.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002244 has a high level of non-cash earnings.

Growing Profit Margin: 002244's current net profit margins (5.9%) are lower than last year (7.3%).


Past Earnings Growth Analysis

Earnings Trend: 002244's earnings have grown by 7% per year over the past 5 years.

Accelerating Growth: 002244's earnings growth over the past year (20.7%) exceeds its 5-year average (7% per year).

Earnings vs Industry: 002244 earnings growth over the past year (20.7%) exceeded the Real Estate industry -4.1%.


Return on Equity

High ROE: 002244's Return on Equity (14.5%) is considered low.


Next Steps

Financial Health

How is Hangzhou Binjiang Real Estate GroupLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 002244's short term assets (CN¥153.4B) exceed its short term liabilities (CN¥111.1B).

Long Term Liabilities: 002244's short term assets (CN¥153.4B) exceed its long term liabilities (CN¥30.4B).


Debt to Equity History and Analysis

Debt Level: 002244's debt to equity ratio (165.3%) is considered high.

Reducing Debt: 002244's debt to equity ratio has increased from 62.8% to 165.3% over the past 5 years.

Debt Coverage: 002244's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 002244's interest payments on its debt are well covered by EBIT (7.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Hangzhou Binjiang Real Estate GroupLtd current dividend yield, its reliability and sustainability?

2.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002244's dividend (2.97%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 002244's dividend (2.97%) is in the top 25% of dividend payers in the CN market (1.81%)


Stability and Growth of Payments

Stable Dividend: 002244's dividend payments have been volatile in the past 10 years.

Growing Dividend: 002244's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.9%), 002244's dividend payments are 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?

CN¥1m

CEO Compensation


CEO

Hui Ming Zhu

no data

Tenure

CN¥1,100,000

Compensation

Hui Ming Zhu serves as President at Hangzhou Binjiang Real Estate Group Co., Ltd. .


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

Hangzhou Binjiang Real Estate Group Co.,Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hangzhou Binjiang Real Estate Group Co.,Ltd
  • Ticker: 2244
  • Exchange: SZSE
  • Founded: 1992
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CN¥13.846b
  • Shares outstanding: 3.11b
  • Website: https://www.binjiang.com.cn

Number of Employees


Location

  • Hangzhou Binjiang Real Estate Group Co.,Ltd
  • No. 38, Qingchun East Road
  • Hangzhou
  • Zhejiang Province
  • 310016
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2244SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYMay 2008
2244XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYMay 2008

Biography

Hangzhou Binjiang Real Estate Group Co.,Ltd, a real estate company, engages in the real estate development business in China. It is also involved in the sale and rental of apartments. The company was found...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 09:36
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.