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Greentown Service Group

SEHK:2869
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2869
SEHK
HK$17B
Market Cap
  1. Home
  2. HK
  3. Commercial Services
Company description

Greentown Service Group Co. Ltd. provides residential property management services in the People's Republic of China. The last earnings update was 25 days ago. More info.


Add to Portfolio Compare Print
  • Greentown Service Group has significant price volatility in the past 3 months.
2869 Share Price and Events
7 Day Returns
-7.9%
SEHK:2869
-1.8%
HK Commercial Services
-2.5%
HK Market
1 Year Returns
-21.6%
SEHK:2869
-28.9%
HK Commercial Services
-15.9%
HK Market
2869 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Greentown Service Group (2869) -7.9% -16.7% -18.4% -21.6% - -
HK Commercial Services -1.8% -6.1% -2.4% -28.9% -30.3% -40.2%
HK Market -2.5% -8.6% -3.6% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 2869 outperformed the Commercial Services industry which returned -28.9% over the past year.
  • 2869 underperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
2869
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Greentown Service Group's competitors could be found in our database.

Value

 Is Greentown Service 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 Greentown Service 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 Greentown Service Group.

SEHK:2869 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year HK Government Bond Rate 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 SEHK:2869
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.718 (1 + (1- 25%) (0.01%))
0.811
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.811 * 5.96%)
6.84%

Discounted Cash Flow Calculation for SEHK:2869 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Greentown Service 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.

SEHK:2869 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 6.84%)
2019 468.00 Analyst x2 438.06
2020 1,010.56 Analyst x4 885.38
2021 911.00 Analyst x2 747.08
2022 850.35 Est @ -6.66% 652.73
2023 815.83 Est @ -4.06% 586.16
2024 797.55 Est @ -2.24% 536.36
2025 789.83 Est @ -0.97% 497.19
2026 789.23 Est @ -0.08% 465.02
2027 793.55 Est @ 0.55% 437.65
2028 801.36 Est @ 0.98% 413.68
Present value of next 10 years cash flows CN¥5,659.30
SEHK:2869 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥801.36 × (1 + 2%) ÷ (6.84% – 2%)
CN¥16,914.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥16,914.02 ÷ (1 + 6.84%)10
CN¥8,731.35
SEHK:2869 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥5,659.30 + CN¥8,731.35
CN¥14,390.65
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥14,390.65 / 2,777.78
CN¥5.18
SEHK:2869 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:2869)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥5.18 x 1.135
HK$5.88
Value per share (HKD) From above. HK$5.88
Current discount Discount to share price of HK$5.80
= -1 x (HK$5.80 - HK$5.88) / HK$5.88
1.3%

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

Current Discount
Amount off the current price Greentown Service Group is available for.
Intrinsic value
1%
Share price is HK$5.8 vs Future cash flow value of HK$5.88
Current Discount Checks
For Greentown Service Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Greentown Service Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Greentown Service Group's share price is below the future cash flow value, but not 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 Greentown Service Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Greentown Service Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2869 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.17
SEHK:2869 Share Price ** SEHK (2019-05-20) in HKD HK$5.8
SEHK:2869 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥5.11
Hong Kong Commercial Services Industry PE Ratio Median Figure of 50 Publicly-Listed Commercial Services Companies 13.77x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

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

** Primary Listing of Greentown Service Group.

SEHK:2869 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2869 Share Price ÷ EPS (both in CNY)

= 5.11 ÷ 0.17

29.38x

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

  • Greentown Service Group is overvalued based on earnings compared to the HK Commercial Services industry average.
  • Greentown Service Group is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Greentown Service Group's expected growth come at a high price?
Raw Data
SEHK:2869 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
18.5%per year
Hong Kong Commercial Services Industry PEG Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 0.74x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

SEHK:2869 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.38x ÷ 18.5%

1.59x

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

  • Greentown Service Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Greentown Service Group's assets?
Raw Data
SEHK:2869 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.84
SEHK:2869 Share Price * SEHK (2019-05-20) in HKD HK$5.8
SEHK:2869 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥5.11
Hong Kong Commercial Services Industry PB Ratio Median Figure of 68 Publicly-Listed Commercial Services Companies 1.26x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:2869 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2869 Share Price ÷ Book Value per Share (both in CNY)

= 5.11 ÷ 0.84

6.1x

* Primary Listing of Greentown Service Group.

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

  • Greentown Service Group is overvalued based on assets compared to the HK Commercial Services industry average.
X
Value checks
We assess Greentown Service 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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Greentown Service Group has a total score of 0/6, 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 Greentown Service Group expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

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
18.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Greentown Service Group expected to grow at an attractive rate?
  • Greentown Service Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Greentown Service Group's earnings growth is expected to exceed the Hong Kong market average.
  • Greentown Service Group's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:2869 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2869 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 18.5%
SEHK:2869 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 23.6%
Hong Kong Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 19%
Hong Kong Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 24.2%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*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
SEHK:2869 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:2869 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,122
2022-12-31 997
2021-12-31 14,021 1,064 1,015 7
2020-12-31 11,248 986 790 14
2019-12-31 8,749 619 593 14
SEHK:2869 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 6,710 656 483
2018-09-30 6,287 552 461
2018-06-30 5,864 448 439
2018-03-31 5,502 488 413
2017-12-31 5,140 529 387
2017-09-30 4,708 551 363
2017-06-30 4,276 573 338
2017-03-31 3,999 483 312
2016-12-31 3,722 394 286
2016-09-30 3,625 706 269
2016-06-30 3,304 455 239
2016-03-31 3,111 483 218

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Greentown Service Group's earnings are expected to grow by 18.5% yearly, however this is not considered high growth (20% yearly).
  • Greentown Service Group's revenue is expected to grow significantly at over 20% yearly.
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
SEHK:2869 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Greentown Service Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2869 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.38 0.40 0.36 5.00
2020-12-31 0.29 0.31 0.26 11.00
2019-12-31 0.22 0.24 0.18 11.00
SEHK:2869 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.17
2018-09-30 0.17
2018-06-30 0.16
2018-03-31 0.15
2017-12-31 0.14
2017-09-30 0.13
2017-06-30 0.12
2017-03-31 0.12
2016-12-31 0.12
2016-09-30 0.12
2016-06-30 0.12
2016-03-31 0.11

*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.
  • Greentown Service Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Greentown Service 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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
Greentown Service Group has a total score of 5/6, 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 Greentown Service 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 Greentown Service Group's growth in the last year to its industry (Commercial Services).
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.
  • Greentown Service Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Greentown Service Group's 1-year earnings growth is less than its 5-year average (24.7% vs 28%)
  • Greentown Service Group's earnings growth has not exceeded the HK Commercial Services industry average in the past year (24.7% vs 27.6%).
Earnings and Revenue History
Greentown Service 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 Greentown Service Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2869 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 6,709.91 483.30 656.69
2018-09-30 6,287.11 461.24 589.90
2018-06-30 5,864.32 439.18 523.11
2018-03-31 5,502.19 413.33 480.80
2017-12-31 5,140.06 387.48 438.48
2017-09-30 4,708.18 362.70 383.01
2017-06-30 4,276.30 337.92 327.53
2017-03-31 3,999.15 311.73 306.11
2016-12-31 3,721.99 285.54 284.69
2016-09-30 3,625.03 269.01 284.22
2016-06-30 3,303.88 238.99 262.86
2016-03-31 3,111.25 218.40 250.56
2015-12-31 2,918.63 197.82 238.27
2015-09-30 2,633.04 175.80 205.51
2014-12-31 2,204.57 149.19 150.97
2013-12-31 1,671.65 83.71 126.47
2012-12-31 1,253.58 58.61 115.40

*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.
  • Greentown Service Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Greentown Service Group used its assets more efficiently than the HK Commercial Services industry average last year based on Return on Assets.
  • Greentown Service Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Greentown Service 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 Commercial Services 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.
Greentown Service 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 Greentown Service 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 Greentown Service Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Greentown Service Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Greentown Service Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Greentown Service 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 covered by short term assets, assets are 4040.2x 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 Greentown Service Group Company Filings, last reported 4 months ago.

SEHK:2869 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,404.76 0.95 2,438.98
2018-09-30 2,404.76 0.95 2,438.98
2018-06-30 2,076.60 0.00 1,755.97
2018-03-31 2,076.60 0.00 1,755.97
2017-12-31 1,991.72 0.00 2,031.78
2017-09-30 1,991.72 0.00 2,031.78
2017-06-30 1,820.98 0.00 2,130.85
2017-03-31 1,820.98 0.00 2,130.85
2016-12-31 1,745.74 0.00 2,257.22
2016-09-30 1,745.74 0.00 2,257.22
2016-06-30 267.95 230.00 819.52
2016-03-31 267.95 230.00 819.52
2015-12-31 148.88 230.00 915.14
2015-09-30 73.53 180.00 428.41
2014-12-31 217.28 100.00 571.42
2013-12-31 210.05 40.00 423.92
2012-12-31 142.41 40.00 289.20
  • Greentown Service Group's level of debt (0%) 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 (19.1% vs 0% today).
  • Debt is well covered by operating cash flow (69077.1%, greater than 20% of total debt).
  • Greentown Service Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Greentown Service 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. Greentown Service Group has a total score of 6/6, 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 Greentown Service 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
1.26%
Current annual income from Greentown Service Group dividends. Estimated to be 1.88% next year.
If you bought HK$2,000 of Greentown Service Group shares you are expected to receive HK$25 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?
  • Greentown Service Group's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • Greentown Service Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.72%).
Upcoming dividend payment

Purchase Greentown Service Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
SEHK:2869 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 14 Analyst Estimates (S&P Global) See Below
Hong Kong Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 2.3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:2869 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.13 7.00
2020-12-31 0.10 14.00
2019-12-31 0.08 14.00
SEHK:2869 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-25 0.064 1.164
2019-03-25 0.064 1.078
2018-04-23 0.048 0.906
2018-03-26 0.048 0.882
2017-04-24 0.036 0.891
2017-03-23 0.035 1.388

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

  • Whilst dividend payments have been stable, Greentown Service Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Greentown Service Group only paid a dividend in the past 2 years.
Current Payout to shareholders
What portion of Greentown Service Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Greentown Service Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Greentown Service Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Greentown Service Group has a total score of 2/6, 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 Greentown Service 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
Zhihua Wu
COMPENSATION CN¥1,934,000
AGE 38
TENURE AS CEO 1.2 years
CEO Bio

Mr. Zhihua Wu has been Chief Executive Officer of Greentown Service Group Co. Ltd. since March 23, 2018 and its Chief Financial Officer since August 4, 2018. Mr. Wu has been Executive Director of Greentown Service Group Co. Ltd. since November 27, 2015. Mr. Wu served as Chief Operating Officer of Greentown Service Group Co. Ltd. from November 27, 2015 to March 23, 2018. He is responsible for management work relating to the overall operation of Greentown Service Group as well as for management of administration and human resources. Mr. Wu has been the Executive General Manager of Greentown Telecommunications since April 2014. He has been the Vice Executive General Manager of Greentown Property Management since December 2014. Before joining Greentown Service Group, Mr. Wu worked in Zhejiang Guesthouse Co., Ltd. from July 2002 to June 2003. Mr. Wu joined Greentown Group in June 2003 and was subsequently promoted as the Executive Vice General Manager and the General Manager of Zhejiang Lvsheng Property Management Company Limited from April 2008 to August 2008 and from August 2008 to December 2008, respectively. He also served as the Assistant To General Manager and the Vice General Manager of Greentown Property Management from January 2009 to February 2011 and from February 2011 to November 2014 respectively. Mr. Wu served as the General Manager of Zhejiang Greentown Hotel Management Company Limited from January 2010 to March 2014 and the General Manager of Zhejiang Greentown Property Community Service Company Limited from February 2013 to September 2013. His primary responsibility in such entities was the management of daily operations. He has been a Director of Zhejiang Lvsheng Property Management Company Limited since March 2008. He has been a Director of Zhejiang Greentown Hotel Management Company Limited since January 2010, Hangzhou Liuzhuang Hotel Management Company Limited since August 2012, Zhejiang Greentown Culture Arts Consulting Company Limited since July 2014, Hangzhou Greentown Vocational Training School since July 2014, Zhejiang Greentown Property Community Service Company Limited since April 2015, Hangzhou Osmanthus Garden Investment Management since July 2015, Greentown Property Management since August 2015 and Twin Cities Network since December 2015. He served as a Director of Hangzhou Xiaoshan Tulip Hotel Management Company Limited from September 2012 to May 2015, Hangzhou Xianggui Hotel Management Company Limited from November 2013 to May 2015 and Zhoushan Greentown Dongsha Hotel Management Company Limited from April 2014 to May 2015. Mr. Wu has been the President of the Property Management Association of Xihu District, Hangzhou since July 2014. He has been a Certified Property Manager authorized by MOHURD since May 2013. Mr. Wu graduated from Zhejiang University in Hangzhou, the PRC in June 2002 with a Bachelor's Degree majoring in Tourism Management and obtained his Master's Degree of Science in Quality Management through an External Program from The Hong Kong Polytechnic University in Hong Kong in December 2007.

CEO Compensation
  • Zhihua's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Zhihua's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Greentown Service Group management team in years:

3.5
Average Tenure
44
Average Age
  • The tenure for the Greentown Service Group management team is about average.
Management Team

Hairong Li

TITLE
Chairman of the Board
COMPENSATION
CN¥3M
AGE
60

Zhihua Wu

TITLE
COMPENSATION
CN¥2M
AGE
38
TENURE
1.2 yrs

Hao Chen

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
48

Keli Jin

TITLE
Chief Operating Officer
AGE
35
TENURE
1.2 yrs

Weidong Yuan

TITLE
Chief Technology Officer
AGE
48
TENURE
3.5 yrs

Yaping XU

TITLE
Chief Marketing Officer
AGE
38

Minqing Fang

TITLE
Chief Quality Officer
AGE
47
TENURE
3.5 yrs

Hong ZHOU

TITLE
Chief Safety Officer
AGE
54

Yafei WENG

TITLE
Chief Quality Officer
AGE
38

Sau Mei Ng

TITLE
Company Secretary
AGE
41
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the Greentown Service Group board of directors in years:

3.5
Average Tenure
55
Average Age
  • The tenure for the Greentown Service Group board of directors is about average.
Board of Directors

Zhihua Wu

TITLE
COMPENSATION
CN¥2M
AGE
38
TENURE
3.5 yrs

Zhangfa Yang

TITLE
Vice Chairman
COMPENSATION
CN¥2M
AGE
45

Hairong Li

TITLE
Chairman of the Board
COMPENSATION
CN¥3M
AGE
60
TENURE
4.5 yrs

Hao Chen

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
48
TENURE
3.5 yrs

Chiu Kwok Poon

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥180K
AGE
56
TENURE
2.8 yrs

Ka Yi Wong

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥180K
AGE
42
TENURE
2.8 yrs

Bainian Shou

TITLE
Non-Executive Director
COMPENSATION
CN¥180K
AGE
64
TENURE
3.5 yrs

Yibo Xia

TITLE
Non-Executive Director
COMPENSATION
CN¥180K
AGE
55
TENURE
3.5 yrs

Feng Li

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥15K
AGE
60
TENURE
1.4 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 (HK$) Value (HK$)
X
Management checks
We assess Greentown Service 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. Greentown Service 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

Greentown Service Group Co. Ltd. (HKG:2869): What Are The Future Prospects?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … Ltd.'s (HKG:2869) latest earnings update in December 2018a

Simply Wall St -

What You Must Know About Greentown Service Group Co. Ltd.'s (HKG:2869) Beta Value

(HKG:2869), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

What Kind Of Shareholders Own Greentown Service Group Co. Ltd. (HKG:2869)?

Every investor in Greentown Service Group Co. … With a market capitalization of HK$20b, Greentown Service Group is a decent size, so it is probably on the radar of institutional investors. … View our latest analysis for Greentown Service Group

Simply Wall St -

Know This Before Buying Greentown Service Group Co. Ltd. (HKG:2869) For Its Dividend

In the last few years Greentown Service Group Co. … Does Greentown Service Group tick all the boxes of a great dividend stock? … Check out our latest analysis for Greentown Service Group

Simply Wall St -

Greentown Service Group Co. Ltd. (HKG:2869): Is It A Smart Long Term Opportunity?

Ltd.'s (HKG:2869) earnings update on 31 December 2018,. … with earnings growth rate expected to be 28% next year, which is within range of the past five-year average earnings growth of 28%

Simply Wall St -

Introducing Greentown Service Group (HKG:2869), A Stock That Climbed 13% In The Last Year

For example, the Greentown Service Group Co. … Check out our latest analysis for Greentown Service Group. … So it seems like the market has cooled on Greentown Service Group, despite the growth.

Simply Wall St -

Why Fundamental Investors Might Love Greentown Service Group Co. Ltd. (HKG:2869)

Attractive stocks have exceptional fundamentals. … In the case of Greentown Service Group Co. … (HKG:2869), there's

Simply Wall St -

What Does Greentown Service Group Co. Ltd.'s (HKG:2869) P/E Ratio Tell You?

Greentown Service Group has a price to earnings ratio of 38.19, based on the last twelve months. … How Do I Calculate Greentown Service Group's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

Can Greentown Service Group Co. Ltd. (HKG:2869) Maintain Its Strong Returns?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Greentown Service Group Co. … View our latest analysis for Greentown Service Group? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Greentown Service Group Co. Ltd. (HKG:2869): Can Growth Justify Its January Share Price?

Looking at Greentown Service Group Co. … View our latest analysis for Greentown Service Group? … The excitement around Greentown Service Group's growth potential is not unfounded

Simply Wall St -

Company Info

Description

Greentown Service Group Co. Ltd. provides residential property management services in the People's Republic of China. The company operates in three segments: Property Services, Community Living Services, and Consulting Services. It also offers property under construction and property management consulting services; community services; home living services; and community space services, property asset management services, and cultural and education services to property owners and residents. The company was founded in 1998 and is headquartered in Hangzhou, the People's Republic of China.

Details
Name: Greentown Service Group Co. Ltd.
2869
Exchange: SEHK
Founded: 1998
HK$16,583,322,720
2,777,776,000
Website: http://www.lvchengfuwu.com
Address: Greentown Service Group Co. Ltd.
Xixi International Business Center,
Block B,
Hangzhou,
Zhejiang Province, 310012,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2869 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 12. Jul 2016
SHSC 2869 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 12. Jul 2016
SZSC 2869 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 12. Jul 2016
Number of employees
Current staff
Staff numbers
24,975
Greentown Service Group employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 13:03
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/04/25
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.