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China Sandi Holdings

DB:GFW1
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GFW1
DB
HK$3B
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

China Sandi Holdings Limited, an investment holding company, engages in the investment and development of properties in the People’s Republic of China. The last earnings update was 26 days ago. More info.


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  • China Sandi Holdings has significant price volatility in the past 3 months.
GFW1 Share Price and Events
7 Day Returns
0%
DB:GFW1
-1.2%
DE Real Estate
2.4%
DE Market
1 Year Returns
50%
DB:GFW1
9.2%
DE Real Estate
-6.2%
DE Market
GFW1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Sandi Holdings (GFW1) 0% -14.3% 6.7% 50% 92% 26.3%
DE Real Estate -1.2% -4.3% 1.5% 9.2% 44.9% 131.3%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • GFW1 outperformed the Real Estate industry which returned 9.2% over the past year.
  • GFW1 outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
GFW1
Industry
5yr Volatility vs Market

GFW1 Value

 Is China Sandi Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of China Sandi Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Sandi Holdings.

DB:GFW1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:GFW1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.099 (1 + (1- 25%) (38.56%))
1.279
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.279 * 6.65%)
8.74%

Discounted Cash Flow Calculation for DB:GFW1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Sandi Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:GFW1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 8.74%)
2019 470.29 Est @ -3.33% 432.51
2020 459.64 Est @ -2.26% 388.76
2021 452.68 Est @ -1.52% 352.11
2022 448.18 Est @ -0.99% 320.61
2023 445.38 Est @ -0.63% 293.01
2024 443.73 Est @ -0.37% 268.47
2025 442.88 Est @ -0.19% 246.43
2026 442.59 Est @ -0.07% 226.49
2027 442.70 Est @ 0.02% 208.34
2028 443.07 Est @ 0.08% 191.77
Present value of next 10 years cash flows HK$2,928.50
DB:GFW1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$443.07 × (1 + 0.23%) ÷ (8.74% – 0.23%)
HK$5,220.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$5,220.10 ÷ (1 + 8.74%)10
HK$2,259.34
DB:GFW1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$2,928.50 + HK$2,259.34
HK$5,187.84
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$5,187.84 / 4,951.34
HK$1.05
DB:GFW1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GFW1 represents 0.09412x of SEHK:910
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09412x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.05 x 0.09412
€0.10
Value per share (EUR) From above. €0.10
Current discount Discount to share price of €0.05
= -1 x (€0.05 - €0.10) / €0.10
51.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price China Sandi Holdings is available for.
Intrinsic value
>50%
Share price is €0.048 vs Future cash flow value of €0.09861
Current Discount Checks
For China Sandi Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Sandi Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Sandi Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Sandi Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Sandi Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GFW1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$-0.02
SEHK:910 Share Price ** SEHK (2019-04-18) in HKD HK$0.51
Germany Real Estate Industry PE Ratio Median Figure of 33 Publicly-Listed Real Estate Companies 16.42x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China Sandi Holdings.

DB:GFW1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:910 Share Price ÷ EPS (both in HKD)

= 0.51 ÷ -0.02

-21.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Sandi Holdings is loss making, we can't compare its value to the DE Real Estate industry average.
  • China Sandi Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does China Sandi Holdings's expected growth come at a high price?
Raw Data
DB:GFW1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -21.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
46.4%per year
Germany Real Estate Industry PEG Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 0.55x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for China Sandi Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Sandi Holdings's assets?
Raw Data
DB:GFW1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.69
SEHK:910 Share Price * SEHK (2019-04-18) in HKD HK$0.51
Germany Real Estate Industry PB Ratio Median Figure of 42 Publicly-Listed Real Estate Companies 1.33x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:GFW1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:910 Share Price ÷ Book Value per Share (both in HKD)

= 0.51 ÷ 0.69

0.74x

* Primary Listing of China Sandi Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Sandi Holdings is good value based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess China Sandi Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. China Sandi Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GFW1 Future Performance

 How is China Sandi Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover China Sandi Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
46.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Sandi Holdings expected to grow at an attractive rate?
  • China Sandi Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • China Sandi Holdings's earnings growth is expected to exceed the Germany market average.
  • Unable to compare China Sandi Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:GFW1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GFW1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 46.4%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -6.1%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average -4.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:GFW1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GFW1 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 203 -108
2018-09-30 329 -320 -49
2018-06-30 521 -159 54
2018-03-31 712 1 156
2017-12-31 719 488 81
2017-09-30 730 976 6
2017-06-30 521 601 -82
2017-03-31 313 227 -169
2016-12-31 112 -145 -64
2016-09-30 110 -157 4
2016-06-30 110 -66 83
2016-03-31 110 25 161

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Sandi Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if China Sandi Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:GFW1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Sandi Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GFW1 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.01
2018-06-30 0.01
2018-03-31 0.04
2017-12-31 0.02
2017-09-30 0.00
2017-06-30 -0.02
2017-03-31 -0.04
2016-12-31 -0.02
2016-09-30 0.00
2016-06-30 0.03
2016-03-31 0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if China Sandi Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess China Sandi Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Sandi Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GFW1 Past Performance

  How has China Sandi Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China Sandi Holdings's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Sandi Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare China Sandi Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare China Sandi Holdings's 1-year growth to the DE Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
China Sandi Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Sandi Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GFW1 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 202.65 -107.95 20.80
2018-09-30 329.03 -49.19 17.12
2018-06-30 520.59 53.57 17.12
2018-03-31 712.15 156.33 17.12
2017-12-31 719.26 81.16 7.85
2017-09-30 729.88 5.99 6.96
2017-06-30 521.26 -81.70 10.45
2017-03-31 312.64 -169.39 13.93
2016-12-31 112.28 -63.71 12.39
2016-09-30 110.24 4.21 13.56
2016-06-30 109.99 82.65 11.66
2016-03-31 109.75 161.08 9.76
2015-12-31 115.70 75.40 8.79
2015-09-30 121.66 -10.28 7.83
2015-06-30 127.31 -138.39 8.57
2015-03-31 132.96 -266.51 9.31
2014-12-31 133.35 -233.99 12.67
2014-09-30 133.75 -201.47 16.03
2014-06-30 132.27 75.18 15.73
2014-03-31 130.80 351.83 15.44
2013-12-31 125.52 530.55 37.19
2013-09-30 111.86 492.32 3.51
2013-06-30 115.26 276.03 5.58
2013-03-31 118.66 59.75 7.65
2012-12-31 116.64 -190.81 29.47
2012-09-30 106.27 -416.16 32.13
2012-06-30 73.82 -524.33 37.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if China Sandi Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if China Sandi Holdings has efficiently used its assets last year compared to the DE Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if China Sandi Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess China Sandi Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Sandi Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GFW1 Health

 How is China Sandi Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Sandi Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Sandi Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Sandi Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Sandi Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Sandi Holdings Company Filings, last reported 3 months ago.

DB:GFW1 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,144.87 973.83 218.06
2018-09-30 3,132.12 999.11 491.19
2018-06-30 3,132.12 999.11 491.19
2018-03-31 3,436.09 1,394.29 465.66
2017-12-31 3,436.09 1,394.29 465.66
2017-09-30 3,159.08 1,149.35 643.72
2017-06-30 3,159.08 1,149.35 643.72
2017-03-31 3,038.00 1,409.88 397.02
2016-12-31 2,892.93 805.10 332.14
2016-09-30 3,046.16 1,004.28 347.53
2016-06-30 3,046.16 1,004.28 347.53
2016-03-31 3,126.19 742.99 604.28
2015-12-31 3,126.19 742.99 604.28
2015-09-30 2,766.72 645.89 216.60
2015-06-30 2,766.72 645.89 216.60
2015-03-31 2,720.49 745.50 309.54
2014-12-31 2,720.49 745.50 309.54
2014-09-30 2,845.52 814.17 146.20
2014-06-30 2,845.52 814.17 146.20
2014-03-31 3,013.90 1,104.38 693.91
2013-12-31 3,013.90 1,104.38 543.49
2013-09-30 3,307.21 1,113.31 156.34
2013-06-30 3,307.21 1,113.31 156.34
2013-03-31 4,069.10 1,032.05 293.59
2012-12-31 4,069.10 1,029.43 293.59
2012-09-30 3,960.80 1,098.14 308.34
2012-06-30 3,960.80 1,098.14 308.34
  • China Sandi Holdings's level of debt (31%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (36.6% vs 31% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • China Sandi Holdings has less than a year of cash runway based on current free cash flow.
  • China Sandi Holdings has less than a year of cash runway if free cash flow continues to reduce at historical rates of -6.3% each year.
X
Financial health checks
We assess China Sandi Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Sandi Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GFW1 Dividends

 What is China Sandi Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from China Sandi Holdings dividends.
If you bought €2,000 of China Sandi Holdings shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate China Sandi Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Sandi Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:GFW1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 2.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as China Sandi Holdings has not reported any payouts.
  • Unable to verify if China Sandi Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Sandi Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Sandi Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess China Sandi Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Sandi Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Sandi Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GFW1 Management

 What is the CEO of China Sandi Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • China Sandi Holdings has no CEO, or we have no data on them.
Management Team

Jiadi Guo

TITLE
Executive Chairman
COMPENSATION
HK$2M
AGE
59

Amika Guo

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
32

Chao Wang

TITLE
Executive Director
COMPENSATION
HK$554K
AGE
41
Board of Directors Tenure

Average tenure and age of the China Sandi Holdings board of directors in years:

4.8
Average Tenure
50
Average Age
  • The tenure for the China Sandi Holdings board of directors is about average.
Board of Directors

Jiadi Guo

TITLE
Executive Chairman
COMPENSATION
HK$2M
AGE
59
TENURE
4.3 yrs

Amika Guo

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
32
TENURE
4.8 yrs

Chao Wang

TITLE
Executive Director
COMPENSATION
HK$554K
AGE
41
TENURE
1.2 yrs

Peter Yu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$100K
AGE
67
TENURE
8.3 yrs

Yurui Zheng

TITLE
Independent Non-Executive Director
COMPENSATION
HK$60K
AGE
63
TENURE
7 yrs

Michael Chen

TITLE
Independent Non-Executive Director
COMPENSATION
HK$71K
AGE
41
TENURE
4.8 yrs

Edward Wong

TITLE
Non-Executive Director
COMPENSATION
HK$100K
AGE
61
TENURE
9.6 yrs

Shujuan Ma

TITLE
Independent Non-Executive Director
COMPENSATION
HK$12K
AGE
34
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. Apr 18 Buy Jiadi Guo Individual 20. Apr 18 20. Apr 18 55,008,000 €0.04 €2,180,968
X
Management checks
We assess China Sandi Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Sandi Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GFW1 News

Simply Wall St News

GFW1 Company Info

Description

China Sandi Holdings Limited, an investment holding company, engages in the investment and development of properties in the People’s Republic of China. It is also involved in letting properties and providing property management services. In addition, the company engages in the securities trading and money lending businesses. It owns a shopping mall in Fuzhou, the People’s Republic of China. The company was formerly known as China Grand Forestry Green Resources Group Limited and changed its name to China Sandi Holdings Limited in October 2012. China Sandi Holdings Limited is based in Central, Hong Kong.

Details
Name: China Sandi Holdings Limited
GFW1
Exchange: DB
Founded:
HK$286,228,280
4,951,337,981
Website: http://www.chinasandi.com.hk
Address: China Sandi Holdings Limited
China Merchants Tower Shun Tak Centre,
Room 3405,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 910 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 01. Dec 1998
DB GFW1 Ordinary Shares Deutsche Boerse AG DE EUR 01. Dec 1998
Number of employees
Current staff
Staff numbers
137
China Sandi Holdings employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 20:47
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/24
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.