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108

GR PropertiesSEHK:108 Stock Report

Market Cap

HK$3.2b

7D

-2.9%

1Y

-12.3%

Updated

18 Oct, 2021

Data

Company Financials
108 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

108 Overview

GR Properties Limited, together with its subsidiaries, provides property development and investment services in the People's Republic of China, the United States, and the United Kingdom.

Risk Analysis

No risks detected for 108 from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for GR Properties
Historical stock prices
Current Share PriceHK$1.00
52 Week HighHK$0.78
52 Week LowHK$1.45
Beta-0.34
1 Month Change3.09%
3 Month Change7.53%
1 Year Change-12.28%
3 Year Change33.33%
5 Year Change2.04%
Change since IPO49.25%

Recent News & Updates

Oct 04
Here's Why GR Properties (HKG:108) Is Weighed Down By Its Debt Load

Here's Why GR Properties (HKG:108) Is Weighed Down By Its Debt Load

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

May 08
Here's Why GR Properties (HKG:108) Has A Meaningful Debt Burden

Here's Why GR Properties (HKG:108) Has A Meaningful Debt Burden

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

108HK Real EstateHK Market
7D-2.9%0.03%1.1%
1Y-12.3%-12.5%5.3%

Return vs Industry: 108 matched the Hong Kong Real Estate industry which returned -12.5% over the past year.

Return vs Market: 108 underperformed the Hong Kong Market which returned 5.3% over the past year.

Price Volatility

Is 108's price volatile compared to industry and market?
108 volatility
108 Beta-0.34
Industry Beta0.85
Market Beta1

Stable Share Price: 108 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 108's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a377Chunxian Weihttps://www.grproperties.com.hk

GR Properties Limited, together with its subsidiaries, provides property development and investment services in the People's Republic of China, the United States, and the United Kingdom. The company operates through Property Development and Investment; Property Management; and Operation of the Recreational Centre segments. It also offers property management services for office buildings, residential properties, and car parks; provides heat supply and maintenance services for heat exchange stations and pipeline networks; property management services to vacant properties; and general management services, such as repair and maintenance of the buildings and fire safety equipment.

GR Properties Fundamentals Summary

How do GR Properties's earnings and revenue compare to its market cap?
108 fundamental statistics
Market CapHK$3.20b
Earnings (TTM)-HK$581.00k
Revenue (TTM)HK$345.79m

9.3x

P/S Ratio

-5.6kx

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
108 income statement (TTM)
RevenueHK$345.79m
Cost of RevenueHK$133.28m
Gross ProfitHK$212.52m
ExpensesHK$213.10m
Earnings-HK$581.00k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00018
Gross Margin61.46%
Net Profit Margin-0.17%
Debt/Equity Ratio58.1%

How did 108 perform over the long term?

See historical performance and comparison

Valuation

Is GR Properties undervalued compared to its fair value and its price relative to the market?

0.85x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 108 (HK$1) is trading above our estimate of fair value (HK$0.01)

Significantly Below Fair Value: 108 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 108 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Real Estate industry average.

PE vs Market: 108 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 108's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 108 is overvalued based on its PB Ratio (0.9x) compared to the HK Real Estate industry average (0.4x).


Future Growth

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

18.0%

Forecasted Real Estate industry annual growth in earnings


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 SimplyWall St do have past financial data.


Past Performance

How has GR Properties performed over the past 5 years?

55.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 108 is currently unprofitable.

Growing Profit Margin: 108 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 108 is unprofitable, but has reduced losses over the past 5 years at a rate of 55% per year.

Accelerating Growth: Unable to compare 108's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 108 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (23.4%).


Return on Equity

High ROE: 108 has a negative Return on Equity (-0.005%), as it is currently unprofitable.


Financial Health

How is GR Properties's financial position?


Financial Position Analysis

Short Term Liabilities: 108's short term assets (HK$1.8B) do not cover its short term liabilities (HK$2.0B).

Long Term Liabilities: 108's short term assets (HK$1.8B) exceed its long term liabilities (HK$893.4M).


Debt to Equity History and Analysis

Debt Level: 108's debt to equity ratio (58.1%) is considered high.

Reducing Debt: 108's debt to equity ratio has increased from 0.4% to 58.1% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: Whilst unprofitable 108 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 108 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32.8% per year.


Dividend

What is GR Properties's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 108's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 108's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 108's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 108's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 108's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.7yrs

Average board tenure


CEO

Chunxian Wei (57 yo)

0.50

Tenure

HK$498,000

Compensation

Mr. Chunxian Wei has been the Chairman and Executive Director of GR Properties Limited since February 17, 2014 and serves as its Chief Executive Officer since April 01, 2021. In addition, he is also the pr...


CEO Compensation Analysis

Compensation vs Market: Chunxian's total compensation ($USD64.02K) is below average for companies of similar size in the Hong Kong market ($USD342.08K).

Compensation vs Earnings: Chunxian's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 108's board of directors are considered experienced (5.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

GR Properties Limited's employee growth, exchange listings and data sources


Key Information

  • Name: GR Properties Limited
  • Ticker: 108
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$3.199b
  • Shares outstanding: 3.20b
  • Website: https://www.grproperties.com.hk

Number of Employees


Location

  • GR Properties Limited
  • Wheelock House
  • Suite 1603
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:11
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.