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China Properties Group

DB:ZYW
Snowflake Description

Undervalued with moderate growth potential.

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

China Properties Group Limited, an investment holding company, primarily engages in the property development and investment activities in the People’s Republic of China. The last earnings update was 49 days ago. More info.


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ZYW Share Price and Events
7 Day Returns
0.9%
DB:ZYW
1.6%
DE Real Estate
0.3%
DE Market
1 Year Returns
-22.4%
DB:ZYW
4.1%
DE Real Estate
-11.7%
DE Market
ZYW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Properties Group (ZYW) 0.9% 8.6% -13.6% -22.4% -32.9% -17.4%
DE Real Estate 1.6% -4.3% -3.1% 4.1% 39.1% 121.9%
DE Market 0.3% -2.3% -1.1% -11.7% 12.2% 6.1%
1 Year Return vs Industry and Market
  • ZYW underperformed the Real Estate industry which returned 4.1% over the past year.
  • ZYW underperformed the Market in Germany which returned -11.7% over the past year.
Price Volatility
ZYW
Industry
5yr Volatility vs Market

Value

 Is China Properties Group 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 Properties Group 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 Properties Group.

DB:ZYW 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 13.5%
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:ZYW
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 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.025 (1 + (1- 25%) (551.8%))
3.857
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 6.65%)
13.53%

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

The calculations below outline how an intrinsic value for China Properties Group 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:ZYW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 13.53%)
2019 326.26 Est @ 14.06% 287.39
2020 358.59 Est @ 9.91% 278.23
2021 383.71 Est @ 7% 262.24
2022 402.79 Est @ 4.97% 242.47
2023 417.08 Est @ 3.55% 221.16
2024 427.73 Est @ 2.55% 199.78
2025 435.66 Est @ 1.86% 179.24
2026 441.62 Est @ 1.37% 160.04
2027 446.15 Est @ 1.03% 142.41
2028 449.65 Est @ 0.79% 126.43
Present value of next 10 years cash flows CN¥2,099.38
DB:ZYW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥449.65 × (1 + 0.23%) ÷ (13.53% – 0.23%)
CN¥3,388.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥3,388.56 ÷ (1 + 13.53%)10
CN¥952.76
DB:ZYW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥2,099.38 + CN¥952.76
CN¥3,052.15
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥3,052.15 / 1,809.08
CN¥16.72
DB:ZYW Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1838)
1.13
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.69 x 1.13
HK$1.91
Non-primary Listing Adjustment Factor 1 share in DB:ZYW represents 0.10088x of SEHK:1838
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10088x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.91 x 0.10088
€0.19
Value per share (EUR) From above. €0.19
Current discount Discount to share price of €0.11
= -1 x (€0.11 - €0.19) / €0.19
40.7%

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

Current Discount
Amount off the current price China Properties Group is available for.
Intrinsic value
41%
Share price is €0.114 vs Future cash flow value of €0.19236
Current Discount Checks
For China Properties Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Properties Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Properties Group'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 Properties Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Properties Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ZYW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.20
SEHK:1838 Share Price ** SEHK (2019-06-17) in HKD HK$1.13
SEHK:1838 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.885 CN¥1
Germany Real Estate Industry PE Ratio Median Figure of 35 Publicly-Listed Real Estate Companies 13.22x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

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

** Primary Listing of China Properties Group.

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

= SEHK:1838 Share Price ÷ EPS (both in CNY)

= 1 ÷ 0.20

5.02x

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

  • China Properties Group is good value based on earnings compared to the DE Real Estate industry average.
  • China Properties Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does China Properties Group's expected growth come at a high price?
Raw Data
DB:ZYW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
38.2%per year
Germany Real Estate Industry PEG Ratio Median Figure of 20 Publicly-Listed Real Estate Companies 0.58x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*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 Properties Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Properties Group's assets?
Raw Data
DB:ZYW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥20.76
SEHK:1838 Share Price * SEHK (2019-06-17) in HKD HK$1.13
SEHK:1838 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.885 CN¥1
Germany Real Estate Industry PB Ratio Median Figure of 42 Publicly-Listed Real Estate Companies 1.3x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:ZYW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1838 Share Price ÷ Book Value per Share (both in CNY)

= 1 ÷ 20.76

0.05x

* Primary Listing of China Properties Group.

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

  • China Properties Group is good value based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess China Properties Group'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 Properties Group has a total score of 5/6, 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.

Future Performance

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

  • No analysts cover China Properties Group, 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
38.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Properties Group expected to grow at an attractive rate?
  • China Properties Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • China Properties Group's earnings growth is expected to exceed the Germany market average.
  • Unable to compare China Properties Group's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:ZYW Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ZYW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 38.2%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -3.4%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:ZYW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ZYW Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 96 288 360
2018-09-30 118 244 345
2018-06-30 140 199 331
2018-03-31 178 181 308
2017-12-31 215 164 285
2017-09-30 194 218 300
2017-06-30 173 272 315
2017-03-31 189 238 528
2016-12-31 206 204 740
2016-09-30 190 134 910
2016-06-30 172 72 1,044
2016-03-31 123 -88 1,157

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Properties Group's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if China Properties Group 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:ZYW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Properties Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ZYW Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.20
2018-09-30 0.19
2018-06-30 0.18
2018-03-31 0.17
2017-12-31 0.16
2017-09-30 0.17
2017-06-30 0.17
2017-03-31 0.29
2016-12-31 0.41
2016-09-30 0.50
2016-06-30 0.58
2016-03-31 0.64

*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 Properties Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess China Properties Group'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 Properties Group 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.

Past Performance

  How has China Properties Group 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 Properties Group'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 Properties Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • China Properties Group's 1-year earnings growth exceeds its 5-year average (26.5% vs -25.4%)
  • China Properties Group's earnings growth has exceeded the DE Real Estate industry average in the past year (26.5% vs 7.1%).
Earnings and Revenue History
China Properties Group'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 Properties Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ZYW Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 96.08 359.97 64.72
2018-09-30 118.15 345.27 67.08
2018-06-30 140.21 330.56 69.43
2018-03-31 177.81 307.62 75.42
2017-12-31 215.41 284.67 81.41
2017-09-30 194.07 300.06 90.41
2017-06-30 172.73 315.45 99.40
2017-03-31 189.47 527.52 99.89
2016-12-31 206.22 739.58 100.38
2016-09-30 190.07 910.28 82.61
2016-06-30 172.35 1,044.37 63.11
2016-03-31 122.56 1,157.03 64.98
2015-12-31 71.70 1,244.96 65.69
2015-09-30 70.75 1,734.18 78.73
2015-06-30 67.45 2,157.58 88.94
2015-03-31 151.43 1,842.28 103.07
2014-12-31 235.49 1,527.90 117.26
2014-09-30 352.61 1,018.57 128.25
2014-06-30 479.56 534.93 142.70
2014-03-31 658.42 720.60 138.78
2013-12-31 816.23 883.51 131.55
2013-09-30 849.75 1,031.44 119.37
2013-06-30 877.21 1,173.56 106.10
2013-03-31 720.82 1,296.60 107.16
2012-12-31 557.13 1,412.81 107.53
2012-09-30 790.85 1,741.16 124.41
2012-06-30 1,030.80 2,079.73 141.90

*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.
  • China Properties Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Properties Group used its assets less efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • It is difficult to establish if China Properties Group 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 Properties Group'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 Properties Group has a total score of 2/6, 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.

Health

 How is China Properties Group'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 Properties Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Properties Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Properties Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of China Properties Group'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x 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 Properties Group Company Filings, last reported 5 months ago.

DB:ZYW Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 37,549.57 9,980.88 37.16
2018-09-30 37,549.57 9,980.88 37.16
2018-06-30 37,467.39 9,585.87 46.35
2018-03-31 37,467.39 9,585.87 46.35
2017-12-31 37,189.59 9,673.46 290.78
2017-09-30 37,189.59 9,673.46 290.78
2017-06-30 37,136.83 8,937.36 187.53
2017-03-31 37,136.83 8,937.36 187.53
2016-12-31 36,904.92 9,325.13 474.31
2016-09-30 36,904.92 9,325.13 474.31
2016-06-30 36,657.22 8,384.97 100.22
2016-03-31 35,599.14 8,142.95 97.33
2015-12-31 36,165.34 8,043.50 183.00
2015-09-30 35,293.65 7,863.49 178.91
2015-06-30 35,660.08 7,506.98 146.51
2015-03-31 35,651.25 7,505.12 146.47
2014-12-31 34,870.81 7,160.34 502.34
2014-09-30 34,464.71 7,076.95 496.49
2014-06-30 33,573.52 7,059.81 1,137.53
2014-03-31 33,535.31 7,051.77 1,136.24
2013-12-31 33,364.74 6,029.32 603.77
2013-09-30 33,729.47 6,095.23 610.37
2013-06-30 33,021.80 5,238.20 400.08
2013-03-31 33,388.03 5,296.30 404.51
2012-12-31 32,417.88 4,785.33 39.22
2012-09-30 32,685.11 4,824.78 39.55
2012-06-30 31,902.78 4,206.66 213.87
  • China Properties Group's level of debt (26.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (18.1% vs 26.6% today).
  • Debt is not well covered by operating cash flow (2.9%, less than 20% of total debt).
  • Unable to confirm if the interest payments on China Properties Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess China Properties Group'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 Properties Group has a total score of 1/6, 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.

Dividends

 What is China Properties Group'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 Properties Group dividends.
If you bought €2,000 of China Properties Group 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 Properties Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Properties Group'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:ZYW 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 25 Stocks 2.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:ZYW Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2009-09-28 0.000 0.000
2009-08-31 0.000 0.000

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

  • Unable to perform a dividend volatility check as China Properties Group has not reported any payouts.
  • Unable to verify if China Properties Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Properties Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Properties Group 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 Properties Group'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 Properties Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Properties Group 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.

Management

 What is the CEO of China Properties Group'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.
CEO
Sai Chung Wong
COMPENSATION CN¥0
AGE 68
TENURE AS CEO 27.4 years
CEO Bio

Mr. Sai Chung Wong has been Managing Director at China Properties Group Limited since 1992. Mr. Wong is responsible for the formulation of the overall corporate direction and business strategies for China Properties Group and has overall responsibility for its policy and management. He serves as Joint Managing Director of Pacific Concord Holding Limited. He served as Head of the overall policy and management of China Medical Science Ltd. He also serves as an Executive Chairman of Pacific Concord Holding Limited. He has been the Chairman of PCH Group since March 1982. Mr. Wong served as the Chairman and Executive Director at China Medical Science Limited. He serves as an Executive Director of China Properties Group Limited. After working in the management of various businesses for a number of years, he Founded the Pacific Concord Group in 1982. He has over 20 years of experience in corporate management. He also serves as a Director of U.S. Concord (Holding) Limited and of Pacific Concord Holding Ltd. Mr. Wong serves as a Director of Seechain (prior to the group reorganization for the purpose of listing), which invested in Sichuan Future, Chengdu Mt. Green and Chengdu Yuan Heng.

CEO Compensation
  • Insufficient data for Sai Chung to compare compensation growth.
  • Sai Chung's remuneration is lower than average for companies of similar size in Germany.
Management Team

George Wang

TITLE
Chairman of the Board
AGE
84

Sai Chung Wong

TITLE
MD & Executive Director
AGE
68
TENURE
27.4 yrs

Li Chang Xu

TITLE
Executive Director
COMPENSATION
CN¥240K
AGE
78

Kevin Kwan

TITLE
Head of Corporate Accounting Department
AGE
59

Li Yuan Xiao

TITLE
Head of Management Accounts Department
AGE
47

Kwok Chan

TITLE
Head of Shopping Streets & Retail Properties Dept & Chief Secretary of Retail Mgmt Committee
AGE
63

Michele Lee

TITLE
Head of Shanghai Retail Properties Department
AGE
50

Ke Qui Wong

TITLE
Head of Chongqing Retail Properties Department
AGE
51

Yi Min

TITLE
Head of Shanghai Accounting Department
AGE
45

Cheng Hsieh

TITLE
Head of Project Management Department
AGE
54
Board of Directors Tenure

Average tenure and age of the China Properties Group board of directors in years:

12.3
Average Tenure
73
Average Age
  • The average tenure for the China Properties Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

George Wang

TITLE
Chairman of the Board
AGE
84
TENURE
27.4 yrs

Sai Chung Wong

TITLE
MD & Executive Director
AGE
68

Li Chang Xu

TITLE
Executive Director
COMPENSATION
CN¥240K
AGE
78

Garry Allides Willinge

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥203K
AGE
68
TENURE
12.3 yrs

Warren Beckwith

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥203K
AGE
78
TENURE
12.3 yrs

Roger Luk

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥203K
AGE
67
TENURE
12.3 yrs

Michael Cheng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥203K
AGE
87
TENURE
12.3 yrs

Kai Cheong Kwan

TITLE
Non-Executive Director
COMPENSATION
CN¥203K
AGE
68
TENURE
12.3 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 (€)
X
Management checks
We assess China Properties Group'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 Properties Group 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.

News

Simply Wall St News

Company Info

Description

China Properties Group Limited, an investment holding company, primarily engages in the property development and investment activities in the People’s Republic of China. It operates through Property Development, Property Investment, and Others segments. The company develops, sells, and leases properties in Shanghai and Chongqing; and offers property management service. It primarily develops middle-class residential projects and theme shopping street developments for retail, residential, entertainment, cultural, and recreational users. The company is headquartered in Central, Hong Kong. China Properties Group Limited is a subsidiary of Hillwealth Holdings Limited.

Details
Name: China Properties Group Limited
ZYW
Exchange: DB
Founded:
HK$232,743,576
1,809,077,000
Website: http://www.cpg-group.com
Address: China Properties Group Limited
Wheelock House,
14th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1838 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 23. Feb 2007
DB ZYW Ordinary Shares Deutsche Boerse AG DE EUR 23. Feb 2007
Number of employees
Current staff
Staff numbers
375
China Properties Group employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 21:06
End of day share price update: 2019/06/17 00:00
Last earnings filing: 2019/04/29
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.