DB:SCNR

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Sunac China Holdings

Executive Summary

Sunac China Holdings Limited, together with its subsidiaries, invests in, develops, and sells residential and commercial properties in the People's Republic of China.


Snowflake Analysis

Solid track record with reasonable growth potential and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-9.0%

SCNR

-0.6%

DE Real Estate

0.05%

DE Market


1 Year Return

-8.2%

SCNR

7.5%

DE Real Estate

3.4%

DE Market

Return vs Industry: SCNR underperformed the German Real Estate industry which returned 6.5% over the past year.

Return vs Market: SCNR underperformed the German Market which returned 4.5% over the past year.


Shareholder returns

SCNRIndustryMarket
7 Day-9.0%-0.6%0.05%
30 Day5.8%0.5%5.5%
90 Day3.1%15.3%19.9%
1 Year-4.1%-8.2%9.8%7.5%5.7%3.4%
3 Year152.0%130.2%37.4%27.5%3.4%-4.7%
5 Year446.6%362.1%95.9%72.5%10.4%-4.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Sunac China Holdings undervalued compared to its fair value and its price relative to the market?

5.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SCNR (€4.02) is trading above our estimate of fair value (€2.02)

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


Price To Earnings Ratio

PE vs Industry: SCNR is good value based on its PE Ratio (5.4x) compared to the DE Real Estate industry average (11.8x).

PE vs Market: SCNR is good value based on its PE Ratio (5.4x) compared to the German market (21.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SCNR is overvalued based on its PB Ratio (1.7x) compared to the DE Real Estate industry average (1.4x).


Next Steps

Future Growth

How is Sunac China Holdings forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

16.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCNR's forecast earnings growth (16.1% per year) is above the savings rate (0.2%).

Earnings vs Market: SCNR's earnings (16.1% per year) are forecast to grow slower than the German market (22.3% per year).

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

Revenue vs Market: SCNR's revenue (23.3% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: SCNR's revenue (23.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SCNR's Return on Equity is forecast to be high in 3 years time (25.7%)


Next Steps

Past Performance

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

48.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCNR has high quality earnings.

Growing Profit Margin: SCNR's current net profit margins (15.4%) are higher than last year (13.3%).


Past Earnings Growth Analysis

Earnings Trend: SCNR's earnings have grown significantly by 48.7% per year over the past 5 years.

Accelerating Growth: SCNR's earnings growth over the past year (57.1%) exceeds its 5-year average (48.7% per year).

Earnings vs Industry: SCNR earnings growth over the past year (57.1%) exceeded the Real Estate industry 8.4%.


Return on Equity

High ROE: Whilst SCNR's Return on Equity (24.4%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Sunac China Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: SCNR's short term assets (CN¥724.7B) exceed its short term liabilities (CN¥620.9B).

Long Term Liabilities: SCNR's short term assets (CN¥724.7B) exceed its long term liabilities (CN¥225.7B).


Debt to Equity History and Analysis

Debt Level: SCNR's debt to equity ratio (282.5%) is considered high.

Reducing Debt: SCNR's debt to equity ratio has increased from 163.8% to 282.5% over the past 5 years.

Debt Coverage: SCNR's debt is not well covered by operating cash flow (8.5%).

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


Balance Sheet


Next Steps

Dividend

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

3.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SCNR's dividend (3.82%) is higher than the bottom 25% of dividend payers in the German market (1.24%).

High Dividend: SCNR's dividend (3.82%) is in the top 25% of dividend payers in the German market (3.77%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SCNR has been paying a dividend for less than 10 years.

Growing Dividend: SCNR's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.6%), SCNR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SCNR's dividends in 3 years are forecast to be well covered by earnings (23.7% payout ratio).


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

Mengde Wang (48yo)

4.83yrs

Tenure

CN¥42,916,000

Compensation

Mr. Mengde Wang has been the Chief Executive Officer of Sunac China Holdings Limited since September 07, 2015. Mr. Wang served as an Executive President of Sunac China Holdings Limited since 2011 until Sep ...


CEO Compensation Analysis

Compensation vs Market: Mengde's total compensation ($USD6.13M) is about average for companies of similar size in the German market ($USD5.06M).

Compensation vs Earnings: Mengde's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Mengde Wang
CEO & Executive Director4.83yrsCN¥42.92m0.35% CN¥66.3m
Xun Chi
Executive Director11yrsCN¥40.05m0.12% CN¥22.1m
Shuping Huang
Executive Director3.67yrsCN¥24.08m0.11% CN¥20.1m
Yu Shang
Executive Director11yrsCN¥39.78m0.083% CN¥15.6m
Hong Jing
Executive Director and Executive President & President of Beijing Regional Branch8yrsCN¥41.81m0.24% CN¥44.7m
Qiang Tian
Executive Director3.67yrsCN¥38.03m0.11% CN¥20.3m
Kevin Zheyi Sun
VP, President of Culture Group & Executive Director3.17yrsCN¥9.84mno data
Xi Gao
CFO, VP & Company Secretary0.83yrno datano data
Zhixia Ma
Executive President & COO5.5yrsCN¥614.00kno data
Wen Xue
Executive President2.5yrsno datano data
Liu Wensheng
Investor Relations Directorno datano datano data
Hengliu Chen
VP & Chairman of Southeast Regional Branch7.42yrsno datano data

4.0yrs

Average Tenure

46yo

Average Age

Experienced Management: SCNR's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mengde Wang
CEO & Executive Director4.83yrsCN¥42.92m0.35% CN¥66.3m
Xun Chi
Executive Director11yrsCN¥40.05m0.12% CN¥22.1m
Shuping Huang
Executive Director3.67yrsCN¥24.08m0.11% CN¥20.1m
Yu Shang
Executive Director11yrsCN¥39.78m0.083% CN¥15.6m
Hong Jing
Executive Director and Executive President & President of Beijing Regional Branch8yrsCN¥41.81m0.24% CN¥44.7m
Qiang Tian
Executive Director3.67yrsCN¥38.03m0.11% CN¥20.3m
Kevin Zheyi Sun
VP, President of Culture Group & Executive Director3.17yrsCN¥9.84mno data
Qin Li
Independent Non-Executive Director10.92yrsCN¥358.00kno data
Chiu Kwok Poon
Independent Non-Executive Director9.08yrsCN¥403.00kno data
Jia Zhu
Independent Non-Executive Director10.83yrsCN¥403.00kno data
Hongbin Sun
Founder & Executive Chairmanno dataCN¥16.40m45.13% CN¥8.5b
Feng Min
Chairman of Wuxi Sunan Real Estate12.58yrsno datano data

10.8yrs

Average Tenure

49yo

Average Age

Experienced Board: SCNR's board of directors are seasoned and experienced ( 10.8 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 been diluted in the past year, with total shares outstanding growing by 5%.


Top Shareholders

Company Information

Sunac China Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sunac China Holdings Limited
  • Ticker: SCNR
  • Exchange: DB
  • Founded: 2003
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$166.564b
  • Listing Market Cap: HK$18.909b
  • Shares outstanding: 4.66b
  • Website: https://www.sunac.com.cn

Number of Employees


Location

  • Sunac China Holdings Limited
  • No.8,Dongzhimen North Street
  • Building 4, One Central
  • Beijing
  • Beijing Province
  • 300381
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1918SEHK (The Stock Exchange of Hong Kong Ltd.)YesHKD Ordinary SharesHKHKDOct 2010
SCNRDB (Deutsche Boerse AG)YesHKD Ordinary SharesDEEUROct 2010
1918SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesHKD Ordinary SharesHKHKDOct 2010
1918SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesHKD Ordinary SharesHKHKDOct 2010
SCCC.FOTCPK (Pink Sheets LLC)YesHKD Ordinary SharesUSUSDOct 2010

Biography

Sunac China Holdings Limited, together with its subsidiaries, invests in, develops, and sells residential and commercial properties in the People's Republic of China. The company provides conferences and exhibitions, tourism and vacations, theme parks, hotel operations, medical and health care, IP development and operation, and film and television content production and distribution services. It is also involved in property services, commercial operations, property management, fitting and decoration, and cultural and tourism city construction and operation activities. The company was founded in 2003 and is headquartered in Beijing, the People's Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 21:22
End of Day Share Price2020/07/14 00:00
Earnings2019/12/31
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.