Stock Analysis
- Hong Kong
- /
- Real Estate
- /
- SEHK:688
China Overseas Land & Investment Full Year 2023 Earnings: Beats Expectations
China Overseas Land & Investment (HKG:688) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥202.5b (up 12% from FY 2022).
- Net income: CN¥25.6b (up 10% from FY 2022).
- Profit margin: 13% (in line with FY 2022).
- EPS: CN¥2.34 (up from CN¥2.13 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
China Overseas Land & Investment Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 7.2%.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Real Estate industry in Hong Kong.
Performance of the Hong Kong Real Estate industry.
The company's shares are up 21% from a week ago.
Valuation
Our analysis of China Overseas Land & Investment based on 6 different valuation metrics shows it might be undervalued. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.
Valuation is complex, but we're helping make it simple.
Find out whether China Overseas Land & Investment is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SEHK:688
China Overseas Land & Investment
China Overseas Land & Investment Limited, an investment holding company, engages in the property development and investment, and other operations in the People’s Republic of China and the United Kingdom.
Excellent balance sheet, good value and pays a dividend.