DB:BEJ

Stock Analysis Report

Beijing Capital Land

Executive Summary

Beijing Capital Land Ltd., together with its subsidiaries, engages in the real estate development and investment activities in the People’s Republic of China.

Snowflake

Fundamentals

Established dividend payer and fair value.


Similar Companies

Share Price & News

How has Beijing Capital Land's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.4%

BEJ

-0.07%

DE Real Estate

2.8%

DE Market


1 Year Return

6.1%

BEJ

5.0%

DE Real Estate

2.9%

DE Market

Return vs Industry: BEJ exceeded the German Real Estate industry which returned 5% over the past year.

Return vs Market: BEJ exceeded the German Market which returned 2.9% over the past year.


Share holder returns

BEJIndustryMarket
7 Day1.4%-0.07%2.8%
30 Day-4.1%6.9%-0.2%
90 Day-6.9%2.4%0.9%
1 Year15.6%6.1%7.8%5.0%6.2%2.9%
3 Year8.3%-12.7%42.7%31.7%18.2%8.0%
5 Year59.4%10.4%140.4%105.9%43.1%23.6%

Price Volatility Vs. Market

How volatile is Beijing Capital Land's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Beijing Capital Land undervalued based on future cash flows and its price relative to the stock market?

4.25x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: BEJ (€0.3) is trading above our estimate of fair value (€0.15)

Significantly Undervalued: BEJ is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: BEJ is good value based on its PE Ratio (4.2x) compared to the Real Estate industry average (13.8x).

PE vs Market: BEJ is good value based on its PE Ratio (4.2x) compared to the German market (19.7x).


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: BEJ is good value based on its PB Ratio (0.2x) compared to the DE Real Estate industry average (1.3x).


Next Steps

Future Growth

How is Beijing Capital Land expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: BEJ's forecast earnings growth (18.7% per year) is above the savings rate (0.2%).

Earnings vs Market: BEJ's earnings (18.7% per year) are forecast to grow faster than the German market (12.8% per year).

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

Revenue vs Market: Insufficient data to determine if BEJ's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if BEJ's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if BEJ's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Beijing Capital Land performed over the past 5 years?

0.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BEJ's earnings have grown by 0.2% per year over the past 5 years.

Accelerating Growth: BEJ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BEJ had negative earnings growth (-12%) over the past year, making it difficult to compare to the Real Estate industry average (2.5%).


Return on Equity

High ROE: BEJ's Return on Equity (7.4%) is considered low.


Return on Assets

ROA vs Industry: BEJ's Return on Assets is below or equal to the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: BEJ has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Beijing Capital Land's financial position?


Financial Position Analysis

Short Term Liabilities: BEJ's short term assets (€160.8B) exceeds its short term liabilities (€73.2B)

Long Term Liabilities: BEJ's short term assets (€160.8B) exceeds its long term liabilities (€80.0B)


Debt to Equity History and Analysis

Debt Level: BEJ's debt to equity ratio (243.1%) is considered high

Reducing Debt: BEJ's debt to equity ratio has increased from 145.7% to 243.1% over the past 5 years.

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

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


Balance Sheet

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

Debt Coverage by Assets: BEJ's debt is covered by short term assets (assets are 1.570580x debt).


Next Steps

Dividend

What is Beijing Capital Land's current dividend yield, its reliability and sustainability?

9.68%

Expected Dividend Yield


Dividend Yield vs Market

company9.2%marketbottom25%1.5%markettop25%3.9%industryaverage2.5%forecastin3Years9.7%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: BEJ's dividend (9.19%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: BEJ's dividend (9.19%) is in the top 25% of dividend payers in the German market (3.86%)

Stable Dividend: BEJ's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39%), BEJ'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

What is the CEO of Beijing Capital Land's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Beichen Zhong (45yo)

1.5yrs

Tenure

CN¥3,488,116

Compensation

Mr. Zhong Beichen has been President and Executive Director of Beijing Capital Land Ltd. since April 27, 2018. Mr. Beichen served as Vice President of Beijing Capital Land Ltd. since January 2017 until Apr ...


CEO Compensation Analysis

Compensation vs. Market: Beichen has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the German market.

Compensation vs Earnings: Insufficient data to compare Beichen's compensation with company performance.


Management Age and Tenure

3.6yrs

Average Tenure

47yo

Average Age

Experienced Management: BEJ's management team is considered experienced (3.6 years average tenure).


Board Age and Tenure

2.1yrs

Average Tenure

49.5yo

Average Age

Experienced Board: BEJ's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellCN¥23,41231 Jul 19
Penta Investment Advisers Ltd.
EntityCompany
Shares70,000
Max PriceCN¥0.33
BuyCN¥143,58808 Jul 19
Penta Investment Advisers Ltd.
EntityCompany
Shares430,000
Max PriceCN¥0.33

Ownership Breakdown


Management Team

  • Weimin Hu (54yo)

    VP & Executive Director

    • Tenure: 1.5yrs
    • Compensation: CN¥3.57m
  • Shubin Fan (50yo)

    CFO, VP & Executive Director

    • Tenure: 1.5yrs
    • Compensation: CN¥3.11m
  • Beichen Zhong (45yo)

    President & Executive Director

    • Tenure: 1.5yrs
    • Compensation: CN¥3.49m
  • Sze Wai Lee (36yo)

    Company Secretary

    • Tenure: 4.9yrs
  • Qin Yi (40yo)

    Secretary of the Board of Directors

    • Tenure: 3.6yrs
  • Xiaobin Li (49yo)

    Executive Director

    • Tenure: 2.4yrs
    • Compensation: CN¥2.25m
  • Bryan Yu

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • John Wong (52yo)

    Independent Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: CN¥270.00k
  • Weimin Hu (54yo)

    VP & Executive Director

    • Tenure: 1.5yrs
    • Compensation: CN¥3.57m
  • Songping Li (56yo)

    Chairman of the Board

    • Tenure: 3.2yrs
    • Compensation: CN¥181.00k
  • Shubin Fan (50yo)

    CFO, VP & Executive Director

    • Tenure: 1.5yrs
    • Compensation: CN¥3.11m
  • Beichen Zhong (45yo)

    President & Executive Director

    • Tenure: 1.5yrs
    • Compensation: CN¥3.49m
  • Wang Li (55yo)

    Independent Non-Executive Director

    • Tenure: 4.8yrs
    • Compensation: CN¥270.00k
  • Jian Su (46yo)

    Non-Executive Director

    • Tenure: 3.1yrs
    • Compensation: CN¥181.00k
  • Xiaobin Li (49yo)

    Executive Director

    • Tenure: 2.4yrs
    • Compensation: CN¥2.25m
  • Xin Liu (49yo)

    Independent Non-Executive Director

    • Tenure: 1.8yrs
    • Compensation: CN¥270.00k
  • Wenbin Deng (42yo)

    Chairman of the Supervisory Committee

    • Tenure: 1.5yrs

Company Information

Beijing Capital Land Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Beijing Capital Land Ltd.
  • Ticker: BEJ
  • Exchange: DB
  • Founded: 2002
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$8.024b
  • Listing Market Cap: HK$925.779m
  • Shares outstanding: 3.03b
  • Website: https://www.bjcapitalland.com.cn

Number of Employees


Location

  • Beijing Capital Land Ltd.
  • Red Goldage
  • Floor 17
  • Beijing
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BJCL.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDJun 2003
2868SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDJun 2003
BEJDB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURJun 2003

Biography

Beijing Capital Land Ltd., together with its subsidiaries, engages in the real estate development and investment activities in the People’s Republic of China. The company develops residences, office buildi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 22:29
End of Day Share Price2019/10/11 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.

© 2018 SIMPLY WALL STREET PTY LTD, COMMUNITY DESIGN 2845206, US DESIGN PATENT #29/544/281, EUROPEAN DESIGN REGISTRATION #2845206, STANDARD & POOR’S FINANCIAL SERVICES LLC. ALL RIGHTS RESERVED.

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Copyright © 2018, Standard & Poor’s Financial Services LLC. Reproduction of S&P Capital IQ in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of S&P Capital IQ. (2018)