DB:233

Stock Analysis Report

Springland International Holdings

Executive Summary

Springland International Holdings Limited, an investment holding company, operates and manages department stores and supermarkets in the People’s Republic of China.


Snowflake Analysis

Undervalued with proven track record.

Share Price & News

How has Springland International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 233 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

233

3.7%

DE Consumer Retailing

7.3%

DE Market


1 Year Return

53.6%

233

-9.4%

DE Consumer Retailing

-17.7%

DE Market

Return vs Industry: 233 exceeded the German Consumer Retailing industry which returned -4.9% over the past year.

Return vs Market: 233 exceeded the German Market which returned -1% over the past year.


Shareholder returns

233IndustryMarket
7 Day0%3.7%7.3%
30 Day2.4%-2.4%-17.9%
90 Day9.3%-11.0%-25.8%
1 Year65.8%53.6%-5.9%-9.4%-15.1%-17.7%
3 Year96.3%65.4%-3.3%-12.8%-18.7%-25.6%
5 Year27.9%-6.9%-4.7%-19.3%-17.7%-29.0%

Price Volatility Vs. Market

How volatile is Springland International Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Springland International 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: 233 (€0.26) is trading below our estimate of fair value (€0.68)

Significantly Below Fair Value: 233 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 233 is good value based on its PE Ratio (9.6x) compared to the Consumer Retailing industry average (18.9x).

PE vs Market: 233 is good value based on its PE Ratio (9.6x) compared to the German market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 233's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 233 is good value based on its PB Ratio (0.8x) compared to the XE Consumer Retailing industry average (1.5x).


Next Steps

Future Growth

How is Springland International Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.9%

Forecasted Consumer Retailing 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 Springland International Holdings 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.


Next Steps

Past Performance

How has Springland International Holdings performed over the past 5 years?

-13.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 233 has high quality earnings.

Growing Profit Margin: 233's current net profit margins (8%) are higher than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: 233's earnings have declined by -13.8% per year over the past 5 years.

Accelerating Growth: 233's earnings growth over the past year (20.9%) exceeds its 5-year average (-13.8% per year).

Earnings vs Industry: 233 earnings growth over the past year (20.9%) exceeded the Consumer Retailing industry 2.7%.


Return on Equity

High ROE: 233's Return on Equity (8.2%) is considered low.


Next Steps

Financial Health

How is Springland International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 233's short term assets (CN¥1.6B) do not cover its short term liabilities (CN¥5.6B).

Long Term Liabilities: 233's short term assets (CN¥1.6B) do not cover its long term liabilities (CN¥2.2B).


Debt to Equity History and Analysis

Debt Level: 233's debt to equity ratio (61.8%) is considered high.

Reducing Debt: 233's debt to equity ratio has increased from 54.6% to 61.8% over the past 5 years.

Debt Coverage: 233's debt is well covered by operating cash flow (40.4%).

Interest Coverage: 233's interest payments on its debt are well covered by EBIT (8.7x coverage).


Balance Sheet

Inventory Level: 233 has a high level of physical assets or inventory.

Debt Coverage by Assets: 233's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

What is Springland International Holdings's current dividend yield, its reliability and sustainability?

4.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 233's dividend (4.76%) is higher than the bottom 25% of dividend payers in the German market (1.52%).

High Dividend: 233's dividend (4.76%) is in the top 25% of dividend payers in the German market (4.08%)


Stability and Growth of Payments

Stable Dividend: 233 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 233's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (45.9%), 233'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?

2.0yrs

Average management tenure


CEO

Jianqiang Chen (61yo)

2s

Tenure

CN¥1,335,000

Compensation

Mr. Jianqiang Chen Founded Springland International Holdings Limited and serveS as its Chief Executive Officer since March 21, 2018. Mr. Chen has been Executive Chairman of the Board at Springland Interna ...


CEO Compensation Analysis

Compensation vs Market: Jianqiang's total compensation ($USD191.83K) is below average for companies of similar size in the German market ($USD831.66K).

Compensation vs Earnings: Jianqiang's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jianqiang Chen
Founder2yrsCN¥1.34m73.22% CN¥379.6m
Ho Lai
Company Secretary1.17yrsno datano data
Tao Zhu
Vice President7.75yrsCN¥259.00kno data

2.0yrs

Average Tenure

48yo

Average Age

Experienced Management: 233's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jianqiang Chen
Founder2yrsCN¥1.34m73.22% CN¥379.6m
Zhijun Lin
Independent Non-Executive Director12.08yrsCN¥308.00kno data
Weijiong Zhang
Independent Non-Executive Director12.08yrsCN¥308.00kno data
Qingrong Tao
Non-Executive Director13.5yrsCN¥1.87mno data
Hiu Fung
Non-Executive Director9.67yrsCN¥308.00kno data
Yat Ming Cheung
Independent Non-Executive Director6yrsCN¥308.00kno data

12.1yrs

Average Tenure

59.5yo

Average Age

Experienced Board: 233's board of directors are seasoned and experienced ( 12.1 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Springland International Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Springland International Holdings Limited
  • Ticker: 233
  • Exchange: DB
  • Founded: 1996
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Market Cap: HK$4.492b
  • Listing Market Cap: HK$518.440m
  • Shares outstanding: 1.97b
  • Website: https://www.springlandgroup.com.cn

Number of Employees


Location

  • Springland International Holdings Limited
  • Wuxi Jinling Hotel
  • 26th Floor
  • Wuxi
  • Jiangsu Province
  • 214000
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1700SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2010
233DB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2010
SPRH.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2012

Biography

Springland International Holdings Limited, an investment holding company, operates and manages department stores and supermarkets in the People’s Republic of China. It operates through two segments, Department Store and Supermarket. The company’s department stores offer various categories of merchandise, including fashion and apparel; cosmetics, jewelry, and accessories; footwear; athletic apparel and casual wear; children’s wear and home furnishing; household and electronic appliances; and other products, as well as watches and gold. Its supermarkets offer a range of fresh food, dry food, and non-food merchandise products. The company operates under the Springland, Yaohan, and Dadonghua brand names. As of December 31, 2018, it operated and managed 90 stores in Jiangsu, Anhui, and Zhenjiang provinces. The company is also involved in the property holding activities; provision of technology, logistics, catering management, investment management, and advertising services; supply of vegetables; and leisure drinks and food processing activities. The company was founded in 1996 and is headquartered in Wuxi, the People's Republic of China. Springland International Holdings Limited is a subsidiary of Octopus Holdings Foundation. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/03 22:24
End of Day Share Price2020/02/07 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.