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GR Properties

SEHK:108
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
108
SEHK
HK$3B
Market Cap
  1. Home
  2. HK
  3. Real Estate
Company description

GR Properties Limited, together with its subsidiaries, primarily provides property management services for office buildings, residential properties, and car parks. The last earnings update was 153 days ago. More info.


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108 Share Price and Events
7 Day Returns
22.8%
SEHK:108
-1.5%
HK Real Estate
-0.1%
HK Market
1 Year Returns
-1%
SEHK:108
-8.4%
HK Real Estate
-12.6%
HK Market
108 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GR Properties (108) 22.8% 22.8% 24.4% -1% -11.8% -70.9%
HK Real Estate -1.5% 4.8% 8.8% -8.4% 56.7% 41.2%
HK Market -0.1% 3.7% 4.1% -12.6% 32.1% 13%
1 Year Return vs Industry and Market
  • 108 outperformed the Real Estate industry which returned -8.4% over the past year.
  • 108 outperformed the Market in Hong Kong which returned -12.6% over the past year.
Price Volatility
108
Industry
5yr Volatility vs Market

108 Value

 Is GR Properties 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 GR Properties 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 GR Properties.

SEHK:108 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 10.2%
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:108
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 8%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.745 (1 + (1- 25%) (50.84%))
1.03
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.03 * 8%)
10.24%

Discounted Cash Flow Calculation for SEHK:108 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GR Properties is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:108 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (HKD, Millions) 125.41 149.24 176.10 206.04 239.00
Source Est @ 20%, capped from 47.79% Est @ 19%, capped from 47.79% Est @ 18%, capped from 47.79% Est @ 17%, capped from 47.79% Est @ 16%, capped from 47.79%
Present Value
Discounted (@ 10.24%)
113.76 122.81 131.46 139.52 146.82
Present value of next 5 years cash flows HK$654.38
SEHK:108 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= HK$239.00 × (1 + 2%) ÷ (10.24% – 2%)
HK$2,961.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= HK$2,961.10 ÷ (1 + 10.24%)5
HK$1,819.00
SEHK:108 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= HK$654.38 + HK$1,819.00
HK$2,473.38
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$2,473.38 / 3,191.87
HK$0.77
SEHK:108 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.77
Current discount Discount to share price of HK$0.97
= -1 x (HK$0.97 - HK$0.77) / HK$0.77
-25.2%

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

  • The current share price of GR Properties 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 GR Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GR Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:108 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in HKD HK$-0.04
SEHK:108 Share Price ** SEHK (2019-02-18) in HKD HK$0.97
Hong Kong Real Estate Industry PE Ratio Median Figure of 187 Publicly-Listed Real Estate Companies 5.64x
Hong Kong Market PE Ratio Median Figure of 1,481 Publicly-Listed Companies 10.52x

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

** Primary Listing of GR Properties.

SEHK:108 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:108 Share Price ÷ EPS (both in HKD)

= 0.97 ÷ -0.04

-27.62x

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

  • GR Properties is loss making, we can't compare its value to the HK Real Estate industry average.
  • GR Properties is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does GR Properties's expected growth come at a high price?
Raw Data
SEHK:108 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -27.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Real Estate Industry PEG Ratio Median Figure of 57 Publicly-Listed Real Estate Companies 0.22x
Hong Kong Market PEG Ratio Median Figure of 465 Publicly-Listed Companies 0.75x

*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 GR Properties, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GR Properties's assets?
Raw Data
SEHK:108 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in HKD HK$0.70
SEHK:108 Share Price * SEHK (2019-02-18) in HKD HK$0.97
Hong Kong Real Estate Industry PB Ratio Median Figure of 224 Publicly-Listed Real Estate Companies 0.55x
Hong Kong Market PB Ratio Median Figure of 2,118 Publicly-Listed Companies 0.96x
SEHK:108 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:108 Share Price ÷ Book Value per Share (both in HKD)

= 0.97 ÷ 0.70

1.39x

* Primary Listing of GR Properties.

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

  • GR Properties is overvalued based on assets compared to the HK Real Estate industry average.
X
Value checks
We assess GR Properties'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. GR Properties 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.

108 Future Performance

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

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GR Properties has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
4.2%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GR Properties expected to grow at an attractive rate?
  • Unable to compare GR Properties's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare GR Properties's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare GR Properties's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:108 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Hong Kong Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 16.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.2%

*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:108 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:108 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-06-30 289 -78 -57
2018-03-31 259 -52 -61
2017-12-31 230 -25 -65
2017-09-30 269 15 -75
2017-06-30 269 31 -69
2017-03-31 243 4 -66
2016-12-31 216 -24 -63
2016-09-30 133 -70 -27
2016-06-30 126 -115 -18
2016-03-31 102 -93 -18
2015-12-31 77 -71 -18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if GR Properties is high growth as no earnings estimate data is available.
  • Unable to determine if GR Properties 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:108 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from GR Properties Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:108 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-06-30 -0.04
2018-03-31 -0.04
2017-12-31 -0.04
2017-09-30 -0.04
2017-06-30 -0.04
2017-03-31 -0.04
2016-12-31 -0.04
2016-09-30 -0.03
2016-06-30 -0.02
2016-03-31 -0.03
2015-12-31 -0.03

*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 GR Properties will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 108’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. GR Properties's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. GR Properties's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess GR Properties'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.
GR Properties 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.

108 Past Performance

  How has GR Properties 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 GR Properties'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.
  • GR Properties does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare GR Properties's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare GR Properties's 1-year growth to the HK Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
GR Properties'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 GR Properties Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:108 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 289.13 -56.54 92.27
2018-03-31 259.48 -60.78 91.12
2017-12-31 229.82 -65.01 89.97
2017-09-30 269.25 -75.30 116.27
2017-06-30 268.87 -69.43 116.80
2017-03-31 242.63 -66.11 103.23
2016-12-31 216.39 -62.80 89.66
2016-09-30 133.30 -27.43 36.49
2016-06-30 126.42 -18.04 36.66
2016-03-31 101.62 -18.10 33.62
2015-12-31 76.81 -18.15 30.59
2015-06-30 15.78 -23.36 21.02
2014-12-31 6.48 -14.68 13.67
2014-01-31 5.89 -34.58 16.58
2013-07-31 -12.27 -192.12 4.17
2013-04-30 -3.56 -95.70 6.87
2013-01-31 5.14 0.71 9.56
2012-10-31 39.06 50.27 18.78
2012-07-31 37.67 98.08 16.96
2012-04-30 33.88 63.57 18.64

*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.
  • It is difficult to establish if GR Properties has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if GR Properties has efficiently used its assets last year compared to the HK Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if GR Properties 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 GR Properties'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.
GR Properties has a total score of 0/6, 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.

108 Health

 How is GR Properties'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 GR Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GR Properties's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • GR Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of GR Properties'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 not covered by short term assets, assets are 0.3x 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 GR Properties Company Filings, last reported 7 months ago.

SEHK:108 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 1,268.04 1,590.37 188.11
2018-03-31 1,268.04 1,590.37 188.11
2017-12-31 1,108.82 843.29 723.89
2017-09-30 1,108.82 843.29 723.89
2017-06-30 539.48 221.25 215.56
2017-03-31 539.48 221.25 215.56
2016-12-31 1,154.76 214.37 290.57
2016-09-30 534.09 198.99 247.49
2016-06-30 558.54 0.00 335.27
2016-03-31 558.54 0.00 335.27
2015-12-31 452.88 0.00 243.06
2015-06-30 125.84 38.57 98.11
2014-12-31 139.34 0.00 41.40
2014-01-31 -406.52 274.42 2.53
2013-07-31 -545.51 656.92 4.47
2013-04-30 -545.51 656.92 4.47
2013-01-31 -369.26 476.50 2.84
2012-10-31 -369.26 476.50 2.84
2012-07-31 -350.67 457.21 6.08
2012-04-30 -350.67 457.21 6.08
  • GR Properties's level of debt (125.4%) compared to net worth is high (greater than 40%).
  • GR Properties had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • GR Properties has sufficient cash runway for 2.4 years based on current free cash flow.
  • GR Properties has sufficient cash runway for 2.9 years if free cash flow continues to reduce at historical rates of -21.1% each year.
X
Financial health checks
We assess GR Properties'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. GR Properties 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.

108 Dividends

 What is GR Properties'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 GR Properties dividends.
If you bought HK$2,000 of GR Properties shares you are expected to receive HK$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 GR Properties's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GR Properties'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
SEHK:108 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 135 Stocks 4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 916 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

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

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

108 Management

 What is the CEO of GR Properties'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
Shuhua Liu
COMPENSATION HK$0
AGE 41
TENURE AS CEO 5 years
CEO Bio

Ms. Shuhua Liu has been the Chief Executive Officer and Executive Director of GR Properties Limited since February 17, 2014. Ms. Liu serves as the Financial Director of Beijing Guorui. She has been engaged in financial field for more than 10 years, including financial management work in real estate development enterprises. Ms. Liu also serves as a Director of Jiacheng Fujian, Vast Glory (Fujian) Hotel Management Limited, Faith Stand (China) Limited, Vast Glory Investment Limited and United Achieve. Ms. Liu graduated from the Central University of Finance and Economics in 1998 and was conferred a Bachelor of Economics degree in Accountancy. Thereafter, Ms. Liu obtained the intermediate accountant qualification in 2004.

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

Chunxian Wei

TITLE
Executive Chairman
COMPENSATION
HK$3M
AGE
54

Shuhua Liu

TITLE
CEO & Executive Director
AGE
41
TENURE
5 yrs

Zhongmin Sun

TITLE
Executive Director
AGE
51

Eddie Lam

TITLE
CFO & Company Secretary
AGE
44
TENURE
0.6 yrs
Board of Directors Tenure

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

5
Average Tenure
48.5
Average Age
  • The tenure for the GR Properties board of directors is about average.
Board of Directors

Chunxian Wei

TITLE
Executive Chairman
COMPENSATION
HK$3M
AGE
54
TENURE
5 yrs

Shuhua Liu

TITLE
CEO & Executive Director
AGE
41
TENURE
5 yrs

Zhongmin Sun

TITLE
Executive Director
AGE
51
TENURE
5 yrs

Eric Tung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$131K
AGE
47
TENURE
5 yrs

Po Fung Au Yeung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$60K
AGE
50
TENURE
1.6 yrs

Vivien To

TITLE
Independent Non-Executive Director
AGE
47
TENURE
1 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$) Value (HK$)
07. Sep 18 Buy Gang Rui International Investment (Hk) Limited, Asset Management Arm Company 12. Jun 18 12. Jun 18 2,000 HK$0.80 HK$1,600
27. Jul 18 Buy Gang Rui International Investment (Hk) Limited, Asset Management Arm Company 24. Jul 18 24. Jul 18 811,738,927 HK$0.80 HK$649,388,920
27. Jul 18 Buy Chunxian Wei Individual 24. Jul 18 24. Jul 18 93,826,063 HK$0.80 HK$75,060,594
06. Jul 18 Sell Gang Rui International Investment (Hk) Limited, Asset Management Arm Company 06. Jul 18 06. Jul 18 -1,816,000 HK$0.79 HK$-1,434,636
14. Jun 18 Buy Gang Rui International Investment (Hk) Limited, Asset Management Arm Company 11. Jun 18 11. Jun 18 716,000 HK$0.80 HK$572,799
14. Jun 18 Buy Gang Rui International Investment (Hk) Limited, Asset Management Arm Company 05. Jun 18 05. Jun 18 104,000 HK$0.80 HK$83,200
14. Jun 18 Buy Gang Rui International Investment (Hk) Limited, Asset Management Arm Company 04. Jun 18 04. Jun 18 128,000 HK$0.80 HK$102,400
14. Jun 18 Buy Gang Rui International Investment (Hk) Limited, Asset Management Arm Company 01. Jun 18 01. Jun 18 866,000 HK$0.80 HK$692,105
06. Jun 18 Sell Chunxian Wei Individual 01. Jun 18 01. Jun 18 -866,000 HK$0.80 HK$-692,105
X
Management checks
We assess GR Properties'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. GR Properties 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.

108 News

Simply Wall St News

Is GR Properties Limited's (HKG:108) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like GR Properties Limited (HKG:108), with a market cap of HK$1.46b. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

108 Company Info

Map
Description

GR Properties Limited, together with its subsidiaries, primarily provides property management services for office buildings, residential properties, and car parks. The company operates through three segments: Property Development and Investment, Property Management, and Operation of the Recreational Center. It also invests in and develops properties; leases office units; and provides heat supply and maintenance services for heat exchange stations and pipeline network. In addition, the company offers general management services, such as repair and maintenance of the buildings and fire safety equipment; and facilities for residential and commercial property projects. Further, it operates and manages a leisure and lifestyle experience center, which provides catering, banquet, spa, and fitness and sport facilities services. The company operates in the People's Republic of China, the United States, and the United Kingdom. The company was formerly known as Buildmore International Limited and changed its name to GR Properties Limited in April 2014. The company is based in Central, Hong Kong. GR Properties Limited is a subsidiary of Wintime Company Limited.

Details
Name: GR Properties Limited
108
Exchange: SEHK
Founded:
HK$3,128,036,506
3,191,873,986
Website: http://www.grproperties.com.hk
Address: GR Properties Limited
Wheelock House,
Suite 1603,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 108 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
Number of employees
Current staff
Staff numbers
817
GR Properties employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 12:36
End of day share price update: 2019/02/18 00:00
Last earnings filing: 2018/09/18
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.