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Landsea Green Group

SEHK:106
Snowflake Description

Solid track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
106
SEHK
HK$5B
Market Cap
  1. Home
  2. HK
  3. Real Estate
Company description

Landsea Green Group Co., Ltd., an investment holding company, invests in, develops, and sells properties in Mainland China and the United States. The last earnings update was 27 days ago. More info.


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106 Share Price and Events
7 Day Returns
0%
SEHK:106
-2.7%
HK Real Estate
-0.2%
HK Market
1 Year Returns
-2.9%
SEHK:106
0.7%
HK Real Estate
-3.9%
HK Market
106 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Landsea Green Group (106) 0% 1% 5.2% -2.9% 44.3% 55.4%
HK Real Estate -2.7% 2.8% 17.8% 0.7% 55.8% 62%
HK Market -0.2% 1.9% 13% -3.9% 28.2% 20.5%
1 Year Return vs Industry and Market
  • 106 underperformed the Real Estate industry which returned 0.7% over the past year.
  • 106 outperformed the Market in Hong Kong which returned -3.9% over the past year.
Price Volatility
106
Industry
5yr Volatility vs Market

Value

 Is Landsea Green 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 Landsea Green 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 Landsea Green Group.

SEHK:106 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 15.3%
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:106
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 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))
= 1.096 (1 + (1- 25%) (183.45%))
2.075
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)
= 2% + (2 * 6.65%)
15.3%

Discounted Cash Flow Calculation for SEHK:106 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Landsea Green 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:106 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 15.3%)
2019 372.62 Est @ 11.95% 323.17
2020 406.02 Est @ 8.96% 305.40
2021 433.93 Est @ 6.87% 283.07
2022 457.42 Est @ 5.41% 258.79
2023 477.50 Est @ 4.39% 234.30
2024 495.05 Est @ 3.67% 210.67
2025 510.75 Est @ 3.17% 188.51
2026 525.16 Est @ 2.82% 168.10
2027 538.69 Est @ 2.58% 149.55
2028 551.65 Est @ 2.4% 132.82
Present value of next 10 years cash flows CN¥2,254.37
SEHK:106 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥551.65 × (1 + 2%) ÷ (15.3% – 2%)
CN¥4,230.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥4,230.79 ÷ (1 + 15.3%)10
CN¥1,018.63
SEHK:106 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥2,254.37 + CN¥1,018.63
CN¥3,273.00
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥3,273.00 / 4,722.31
CN¥0.69
SEHK:106 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:106)
1.173
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.69 x 1.173
HK$0.81
Value per share (HKD) From above. HK$0.81
Current discount Discount to share price of HK$1.01
= -1 x (HK$1.01 - HK$0.81) / HK$0.81
-24.2%

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

  • The current share price of Landsea Green Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Landsea Green Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Landsea Green Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:106 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.27
SEHK:106 Share Price ** SEHK (2019-04-18) in HKD HK$1.01
SEHK:106 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.853 CN¥0.86
Hong Kong Real Estate Industry PE Ratio Median Figure of 184 Publicly-Listed Real Estate Companies 6.83x
Hong Kong Market PE Ratio Median Figure of 1,475 Publicly-Listed Companies 11.98x

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

** Primary Listing of Landsea Green Group.

SEHK:106 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:106 Share Price ÷ EPS (both in CNY)

= 0.86 ÷ 0.27

3.17x

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

  • Landsea Green Group is good value based on earnings compared to the HK Real Estate industry average.
  • Landsea Green Group is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Landsea Green Group's expected growth come at a high price?
Raw Data
SEHK:106 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-8.7%per year
Hong Kong Real Estate Industry PEG Ratio Median Figure of 57 Publicly-Listed Real Estate Companies 0.31x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.87x

*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 Landsea Green Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Landsea Green Group's assets?
Raw Data
SEHK:106 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.93
SEHK:106 Share Price * SEHK (2019-04-18) in HKD HK$1.01
SEHK:106 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.853 CN¥0.86
Hong Kong Real Estate Industry PB Ratio Median Figure of 227 Publicly-Listed Real Estate Companies 0.61x
Hong Kong Market PB Ratio Median Figure of 2,150 Publicly-Listed Companies 1.03x
SEHK:106 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:106 Share Price ÷ Book Value per Share (both in CNY)

= 0.86 ÷ 0.93

0.93x

* Primary Listing of Landsea Green Group.

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

  • Landsea Green Group is overvalued based on assets compared to the HK Real Estate industry average.
X
Value checks
We assess Landsea Green 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. Landsea Green Group has a total score of 2/6, 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 Landsea Green Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Landsea Green 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
-8.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Landsea Green Group expected to grow at an attractive rate?
  • Landsea Green Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Landsea Green Group's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Landsea Green Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:106 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:106 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -8.7%
Hong Kong Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 5%
Hong Kong Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 16.2%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 11.3%

*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:106 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 CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:106 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:106 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 7,561 1,083
2018-09-30 6,753 928
2018-06-30 5,945 -227 774
2018-03-31 6,080 202 667
2017-12-31 6,214 632 561
2017-09-30 6,289 1,650 540
2017-06-30 6,365 2,667 520
2017-03-31 5,605 2,230 548
2016-12-31 4,845 1,793 577
2016-09-30 3,530 1,706 502
2016-06-30 2,214 1,619 427
2016-03-31 2,004 1,541 456

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Landsea Green Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Landsea Green 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
SEHK:106 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 Landsea Green Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:106 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:106 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.27
2018-09-30 0.24
2018-06-30 0.20
2018-03-31 0.17
2017-12-31 0.14
2017-09-30 0.14
2017-06-30 0.13
2017-03-31 0.14
2016-12-31 0.15
2016-09-30 0.13
2016-06-30 0.11
2016-03-31 0.12

*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 Landsea Green Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Landsea Green 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.
Landsea Green Group has a total score of 0/6, 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 Landsea Green 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 Landsea Green 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.
  • Landsea Green Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Landsea Green Group's 1-year earnings growth exceeds its 5-year average (93.1% vs 33.2%)
  • Landsea Green Group's earnings growth has exceeded the HK Real Estate industry average in the past year (93.1% vs 6.2%).
Earnings and Revenue History
Landsea Green 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 Landsea Green Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:106 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 7,560.53 1,083.18 812.93
2018-09-30 6,752.86 928.46 703.92
2018-06-30 5,945.19 773.75 594.91
2018-03-31 6,079.56 667.30 567.52
2017-12-31 6,213.93 560.84 540.12
2017-09-30 6,289.30 540.18 498.46
2017-06-30 6,364.66 519.51 456.80
2017-03-31 5,604.84 548.14 417.84
2016-12-31 4,845.01 576.78 378.87
2016-09-30 3,529.65 501.93 318.92
2016-06-30 2,214.30 427.08 258.97
2016-03-31 2,003.55 455.65 221.04
2015-12-31 1,792.79 484.23 183.12
2015-09-30 1,325.72 416.32 158.32
2015-06-30 858.65 348.42 133.52
2015-03-31 781.24 325.00 102.03
2014-12-31 703.83 301.59 70.53
2014-09-30 466.79 225.97 57.24
2014-06-30 229.75 150.36 43.95
2014-03-31 125.91 84.48 37.26
2013-12-31 22.07 18.60 30.57
2013-06-30 20.03 16.30 18.15
2013-03-31 31.85 32.82 19.45
2012-12-31 44.06 49.66 20.89
2012-09-30 70.87 72.80 20.34
2012-06-30 69.87 68.31 19.79

*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.
  • Whilst Landsea Green Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Landsea Green Group used its assets more efficiently than the HK Real Estate industry average last year based on Return on Assets.
  • Landsea Green Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Landsea Green 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.
Landsea Green Group has a total score of 5/6, 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 Landsea Green 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 Landsea Green Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Landsea Green Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Landsea Green Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Landsea Green 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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x 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 Landsea Green Group Company Filings, last reported 3 months ago.

SEHK:106 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,760.90 7,533.45 5,581.77
2018-09-30 4,760.90 7,533.45 5,581.77
2018-06-30 3,661.33 6,597.79 3,835.39
2018-03-31 3,661.33 6,597.79 3,835.39
2017-12-31 3,698.06 6,245.47 3,341.84
2017-09-30 3,698.06 6,245.47 3,341.84
2017-06-30 3,096.88 5,434.19 2,306.31
2017-03-31 3,096.88 5,434.19 2,306.31
2016-12-31 3,052.72 6,674.83 2,761.13
2016-09-30 3,052.72 6,674.83 2,761.13
2016-06-30 2,819.92 7,338.46 1,123.12
2016-03-31 2,819.92 7,338.46 1,123.12
2015-12-31 1,958.16 6,931.37 1,262.27
2015-09-30 1,958.16 6,931.37 1,262.27
2015-06-30 1,569.50 7,904.69 1,259.02
2015-03-31 1,569.50 7,904.69 1,259.02
2014-12-31 1,381.25 6,543.20 595.06
2014-09-30 1,381.25 6,543.20 595.06
2014-06-30 1,206.46 2,845.24 811.37
2014-03-31 1,206.46 2,845.24 811.37
2013-12-31 1,042.19 1,555.60 956.66
2013-06-30 426.05 0.00 307.92
2013-03-31 430.77 0.00 311.33
2012-12-31 428.39 0.00 504.34
2012-09-30 428.84 0.00 504.87
2012-06-30 1,393.79 0.00 507.20
  • Landsea Green Group's level of debt (158.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (150.4% vs 158.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 8.5x coverage).
X
Financial health checks
We assess Landsea Green 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. Landsea Green Group has a total score of 3/6, 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 Landsea Green 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
4.45%
Current annual income from Landsea Green Group dividends.
If you bought HK$2,000 of Landsea Green Group shares you are expected to receive HK$89 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?
  • Landsea Green Group's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (1.95%).
  • Landsea Green Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.27%).
Upcoming dividend payment

Purchase Landsea Green 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:106 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
Hong Kong Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 142 Stocks 3.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 1.9%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

SEHK:106 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:106 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-22 0.038 4.367
2018-03-29 0.035 4.366
2017-04-24 0.035 5.146
2017-03-27 0.035 6.089
2016-04-29 0.033 5.998
2016-03-21 0.033 5.717
2015-04-28 0.010 1.733
2015-03-31 0.010 1.642
2013-09-18 0.000 0.000
2013-08-30 0.000 0.000
2013-03-21 0.000 0.000
2013-03-08 0.000 0.000
2012-03-12 0.013 2.929
2011-03-03 0.012 3.046

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

  • Whilst dividend payments have been stable, Landsea Green Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Landsea Green Group only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Landsea Green Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.1x coverage).
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 Landsea Green Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Landsea Green Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Landsea Green 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 Landsea Green 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
Ming Tian
COMPENSATION CN¥4,573,000
AGE 57
TENURE AS CEO 0.4 years
CEO Bio

Mr. Ming Tian founded Landsea Group Co., Ltd. in 2001. Mr. Tian has been the Chairman and Executive Director of Landsea Green Properties Co., Ltd. since July 31, 2013 and is its Chief Executive Officer since November 2018. Mr. Tian has been the Chairman of Shenzhen High-Tech Holdings Limited since July 31, 2013. He has been the Chairman of the Board and an executive Director on 31 July 2013 at Landsea Green Group Co., Ltd. Mr. Tian has a Masters of Business Administration from China Europe International Business School (CEIBS).

CEO Compensation
  • Ming's compensation has been consistent with company performance over the past year.
  • Ming's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Landsea Green Group management team in years:

3.1
Average Tenure
45.5
Average Age
  • The tenure for the Landsea Green Group management team is about average.
Management Team

Ming Tian

TITLE
Chairman & CEO
COMPENSATION
CN¥5M
AGE
57
TENURE
0.4 yrs

Leying Shen

TITLE
Co-CEO, CFO
COMPENSATION
CN¥3M
AGE
41
TENURE
5.2 yrs

Yuanjian Xie

TITLE
CTO, VP & Executive Director
COMPENSATION
CN¥3M
AGE
53
TENURE
5.8 yrs

Qin Zhou

TITLE
VP, Chief International Business Officer & Executive Director
COMPENSATION
CN¥2M
AGE
44
TENURE
0.4 yrs

Lei Wang

TITLE
Co-CEO & Executive Director
AGE
40
TENURE
0.4 yrs

Jiadong Kang

TITLE
Chief Operating Officer
AGE
44
TENURE
3.4 yrs

Stella Chan

TITLE
Company Secretary
AGE
47
TENURE
12.4 yrs

Steven Leung

TITLE
Financial Controller
AGE
56

John Ho

TITLE
VP & CEO of United States
AGE
36
TENURE
3.1 yrs

Zhou Qing

TITLE
VP & Chairman of the Beijing Company
AGE
52
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the Landsea Green Group board of directors in years:

5.8
Average Tenure
52.5
Average Age
  • The tenure for the Landsea Green Group board of directors is about average.
Board of Directors

Ming Tian

TITLE
Chairman & CEO
COMPENSATION
CN¥5M
AGE
57
TENURE
5.8 yrs

Leying Shen

TITLE
Co-CEO, CFO
COMPENSATION
CN¥3M
AGE
41
TENURE
5.8 yrs

Yuanjian Xie

TITLE
CTO, VP & Executive Director
COMPENSATION
CN¥3M
AGE
53
TENURE
5.8 yrs

Qin Zhou

TITLE
VP, Chief International Business Officer & Executive Director
COMPENSATION
CN¥2M
AGE
44
TENURE
4.3 yrs

Lei Wang

TITLE
Co-CEO & Executive Director
AGE
40
TENURE
0.4 yrs

Zhou Qing

TITLE
VP & Chairman of the Beijing Company
AGE
52

Yuan Ding

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
49
TENURE
5.8 yrs

Eddie Lee

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
53
TENURE
5.8 yrs

Xiaonian Xu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥300K
AGE
65
TENURE
5.8 yrs

Yimin Zhou

TITLE
Non-Executive Director
AGE
60
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Landsea Green Group insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
17. Apr 19 Buy Ming Tian Individual 15. Apr 19 15. Apr 19 552,000 HK$1.00 HK$552,057
12. Apr 19 Buy Ming Tian Individual 10. Apr 19 10. Apr 19 608,000 HK$1.01 HK$612,134
11. Apr 19 Buy Ming Tian Individual 09. Apr 19 09. Apr 19 784,000 HK$1.01 HK$793,485
10. Apr 19 Buy Ming Tian Individual 08. Apr 19 08. Apr 19 508,000 HK$1.02 HK$518,263
03. Apr 19 Buy Ming Tian Individual 02. Apr 19 02. Apr 19 216,000 HK$1.04 HK$224,640
02. Apr 19 Buy Ming Tian Individual 29. Mar 19 29. Mar 19 400,000 HK$1.03 HK$412,000
01. Apr 19 Buy Ming Tian Individual 28. Mar 19 28. Mar 19 648,000 HK$1.02 HK$661,931
28. Mar 19 Buy Ming Tian Individual 27. Mar 19 27. Mar 19 1,680,000 HK$1.03 HK$1,721,999
28. Mar 19 Buy Ming Tian Individual 26. Mar 19 26. Mar 19 1,464,000 HK$1.02 HK$1,491,672
24. Jan 19 Buy Ming Tian Individual 18. Jan 19 18. Jan 19 128,000 HK$0.95 HK$121,805
16. Jan 19 Buy Ming Tian Individual 15. Jan 19 15. Jan 19 324,000 HK$0.95 HK$307,929
15. Jan 19 Buy Ming Tian Individual 14. Jan 19 14. Jan 19 120,000 HK$0.95 HK$114,036
11. Jan 19 Buy Ming Tian Individual 10. Jan 19 10. Jan 19 16,000 HK$0.97 HK$15,520
11. Jan 19 Buy Ming Tian Individual 09. Jan 19 09. Jan 19 372,000 HK$0.97 HK$360,542
08. Jan 19 Buy Ming Tian Individual 07. Jan 19 07. Jan 19 168,000 HK$0.94 HK$158,122
07. Jan 19 Buy Ming Tian Individual 21. Dec 18 21. Dec 18 416,000 HK$0.94 HK$389,335
07. Jan 19 Buy Landsea Group Co., Ltd. Company 21. Dec 18 21. Dec 18 341,176,471 HK$0.85 HK$290,000,073
03. Jan 19 Buy Ming Tian Individual 28. Dec 18 28. Dec 18 488,000 HK$0.95 HK$463,748
14. Dec 18 Buy Ming Tian Individual 13. Dec 18 13. Dec 18 360,000 HK$0.98 HK$351,613
13. Dec 18 Buy Ming Tian Individual 12. Dec 18 12. Dec 18 1,172,000 HK$0.96 HK$1,125,475
12. Dec 18 Buy Ming Tian Individual 11. Dec 18 11. Dec 18 336,000 HK$0.91 HK$306,331
06. Dec 18 Buy Ming Tian Individual 05. Dec 18 05. Dec 18 456,000 HK$0.88 HK$400,871
04. Dec 18 Buy Ming Tian Individual 03. Dec 18 03. Dec 18 192,000 HK$0.85 HK$162,605
18. Oct 18 Buy Ming Tian Individual 16. Oct 18 16. Oct 18 200,000 HK$0.85 HK$170,040
11. Oct 18 Buy Ming Tian Individual 10. Oct 18 10. Oct 18 152,000 HK$0.90 HK$136,800
09. Oct 18 Buy Ming Tian Individual 08. Oct 18 08. Oct 18 188,000 HK$0.92 HK$172,640
28. Sep 18 Buy Ming Tian Individual 27. Sep 18 27. Sep 18 116,000 HK$0.95 HK$110,200
27. Sep 18 Buy Ming Tian Individual 26. Sep 18 26. Sep 18 428,000 HK$0.95 HK$404,674
26. Sep 18 Buy Ming Tian Individual 21. Sep 18 21. Sep 18 116,000 HK$0.96 HK$111,603
21. Sep 18 Buy Ming Tian Individual 20. Sep 18 20. Sep 18 192,000 HK$0.96 HK$183,553
18. Sep 18 Buy Ming Tian Individual 17. Sep 18 17. Sep 18 276,000 HK$0.96 HK$264,766
17. Sep 18 Buy Ming Tian Individual 14. Sep 18 14. Sep 18 172,000 HK$0.97 HK$166,238
14. Sep 18 Buy Ming Tian Individual 13. Sep 18 13. Sep 18 356,000 HK$0.96 HK$343,362
13. Sep 18 Buy Ming Tian Individual 12. Sep 18 12. Sep 18 560,000 HK$0.97 HK$540,734
12. Sep 18 Buy Ming Tian Individual 11. Sep 18 11. Sep 18 308,000 HK$0.98 HK$301,686
11. Sep 18 Buy Ming Tian Individual 10. Sep 18 10. Sep 18 888,000 HK$0.98 HK$867,842
10. Sep 18 Buy Ming Tian Individual 07. Sep 18 07. Sep 18 828,000 HK$0.98 HK$811,522
07. Sep 18 Buy Ming Tian Individual 06. Sep 18 06. Sep 18 472,000 HK$0.98 HK$462,324
06. Sep 18 Buy Ming Tian Individual 05. Sep 18 05. Sep 18 712,000 HK$0.98 HK$698,044
05. Sep 18 Buy Ming Tian Individual 04. Sep 18 04. Sep 18 660,000 HK$0.98 HK$646,274
04. Sep 18 Buy Ming Tian Individual 03. Sep 18 03. Sep 18 476,000 HK$0.97 HK$461,721
04. Sep 18 Buy Ming Tian Individual 31. Aug 18 31. Aug 18 844,000 HK$0.94 HK$795,050
31. Aug 18 Buy Ming Tian Individual 30. Aug 18 30. Aug 18 556,000 HK$0.96 HK$535,985
30. Aug 18 Buy Ming Tian Individual 29. Aug 18 29. Aug 18 280,000 HK$0.97 HK$270,508
29. Aug 18 Buy Ming Tian Individual 28. Aug 18 28. Aug 18 344,000 HK$0.95 HK$326,387
28. Aug 18 Buy Ming Tian Individual 27. Aug 18 27. Aug 18 364,000 HK$0.94 HK$341,213
27. Aug 18 Buy Ming Tian Individual 24. Aug 18 24. Aug 18 300,000 HK$0.93 HK$278,130
19. Jul 18 Buy Ming Tian Individual 18. Jul 18 18. Jul 18 384,000 HK$0.97 HK$370,830
18. Jul 18 Buy Ming Tian Individual 17. Jul 18 17. Jul 18 400,000 HK$0.97 HK$388,161
17. Jul 18 Buy Ming Tian Individual 16. Jul 18 16. Jul 18 436,000 HK$0.95 HK$415,073
16. Jul 18 Buy Ming Tian Individual 13. Jul 18 13. Jul 18 500,000 HK$0.91 HK$455,599
13. Jul 18 Buy Ming Tian Individual 12. Jul 18 12. Jul 18 620,000 HK$0.91 HK$562,651
12. Jul 18 Buy Ming Tian Individual 11. Jul 18 11. Jul 18 500,000 HK$0.90 HK$450,002
11. Jul 18 Buy Ming Tian Individual 10. Jul 18 10. Jul 18 320,000 HK$0.94 HK$300,671
09. Jul 18 Buy Ming Tian Individual 06. Jul 18 06. Jul 18 336,000 HK$0.93 HK$312,412
10. Jul 18 Buy Ming Tian Individual 09. Jul 18 09. Jul 18 732,000 HK$0.93 HK$681,274
06. Jul 18 Buy Ming Tian Individual 05. Jul 18 05. Jul 18 356,000 HK$0.91 HK$324,602
05. Jul 18 Buy Ming Tian Individual 04. Jul 18 04. Jul 18 172,000 HK$0.96 HK$165,240
04. Jul 18 Buy Ming Tian Individual 03. Jul 18 03. Jul 18 416,000 HK$0.96 HK$401,358
26. Jun 18 Buy Ming Tian Individual 25. Jun 18 25. Jun 18 520,000 HK$1.01 HK$524,057
21. Jun 18 Buy Ming Tian Individual 20. Jun 18 20. Jun 18 452,000 HK$0.98 HK$443,004
20. Jun 18 Buy Ming Tian Individual 19. Jun 18 19. Jun 18 116,000 HK$0.99 HK$114,840
14. Jun 18 Buy Ming Tian Individual 13. Jun 18 13. Jun 18 88,000 HK$1.03 HK$90,719
12. Jun 18 Buy Ming Tian Individual 11. Jun 18 11. Jun 18 236,000 HK$1.03 HK$243,034
07. Jun 18 Buy Ming Tian Individual 06. Jun 18 06. Jun 18 156,000 HK$1.01 HK$157,154
05. Jun 18 Buy Ming Tian Individual 01. Jun 18 01. Jun 18 480,000 HK$1.00 HK$480,482
06. Jun 18 Buy Ming Tian Individual 05. Jun 18 05. Jun 18 192,000 HK$1.02 HK$195,725
05. Jun 18 Buy Ming Tian Individual 04. Jun 18 04. Jun 18 68,000 HK$1.01 HK$68,762
14. May 18 Buy Ming Tian Individual 10. May 18 10. May 18 216,000 HK$1.04 HK$225,720
14. May 18 Buy Ming Tian Individual 11. May 18 11. May 18 620,000 HK$1.04 HK$646,783
10. May 18 Sell Ming Tian Individual 08. May 18 08. May 18 -252,000 HK$1.04 HK$-262,509
08. May 18 Buy Ming Tian Individual 07. May 18 07. May 18 300,000 HK$1.02 HK$306,240
04. May 18 Buy Landsea Group Co., Ltd. Company 03. May 18 03. May 18 276,000 HK$1.04 HK$286,931
27. Apr 18 Buy Ming Tian Individual 26. Apr 18 26. Apr 18 60,000 HK$1.01 HK$60,720
25. Apr 18 Buy Ming Tian Individual 24. Apr 18 24. Apr 18 392,000 HK$1.03 HK$402,269
24. Apr 18 Buy Ming Tian Individual 23. Apr 18 23. Apr 18 996,000 HK$1.00 HK$996,402
23. Apr 18 Buy Ming Tian Individual 19. Apr 18 19. Apr 18 116,000 HK$1.03 HK$119,445
X
Management checks
We assess Landsea Green 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. Landsea Green 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

Do Landsea Green Group's (HKG:106) Earnings Warrant Your Attention?

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Landsea Green Group (HKG:106). … How Quickly Is Landsea Green Group Increasing Earnings Per Share. … I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats).

Simply Wall St -

What Kind Of Shareholders Own Landsea Green Group Co., Ltd. (HKG:106)?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Landsea Green Group is a smaller company with a market capitalization of HK$4.8b, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Landsea Green Group

Simply Wall St -

Boasting A 26% Return On Equity, Is Landsea Green Group Co., Ltd. (HKG:106) A Top Quality Stock?

Our data shows Landsea Green Group has a return on equity of 26% for the last year. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.26 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Read This Before Buying Landsea Green Group Co Ltd (HKG:106) For Its Dividend

Over the past 7 years, Landsea Green Group Co Ltd (HKG:106) has returned an average of 3.00% per year to shareholders in terms of dividend yield. … Let's dig deeper into whether Landsea Green Group should have a place in your portfolio. … Check out our latest analysis for Landsea Green Group

Simply Wall St -

How Landsea Green Group Co Ltd's (HKG:106) Earnings Growth Stacks Up Against The Industry

Examining Landsea Green Group Co Ltd's (HKG:106) past track record of performance is an insightful exercise for investors. … Today I will assess 106's latest performance announced on 31 December 2017 and compare these figures to its longer term trend and industry movements. … Check out our latest analysis for Landsea Green Group?

Simply Wall St -

Landsea Green Group Co Ltd (HKG:106): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like Landsea Green Group Co Ltd (HKG:106), with a market cap of HK$3.88b. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Company Info

Description

Landsea Green Group Co., Ltd., an investment holding company, invests in, develops, and sells properties in Mainland China and the United States. The company operates through Investment Office Property, Property and Land Development and Sale, Management Services, and Long-Term Rental Apartments segments. It is also involved in the property leasing and building management, decoration and design, long-term rental apartments, elderly care services, and financial services businesses. The company was formerly known as Landsea Green Properties Co., Ltd. and changed its name to Landsea Green Group Co., Ltd. in March 2018. Landsea Green Group Co., Ltd. was founded in 2001 and is headquartered in Central, Hong Kong. Landsea Green Group Co., Ltd. is a subsidiary of Landsea Group Co., Ltd.

Details
Name: Landsea Green Group Co., Ltd.
106
Exchange: SEHK
Founded: 2001
HK$4,816,753,695
4,722,307,545
Website: http://www.landsea.hk
Address: Landsea Green Group Co., Ltd.
The Center,
Room 5103, 51st Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 106 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
SEHK 106 HKD0.01 The Stock Exchange of Hong Kong Ltd. HK HKD 17. May 2018
Number of employees
Current staff
Staff numbers
2,662
Landsea Green Group employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 12:47
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/04/24
Last earnings filing: 2019/03/22
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.