Modern Land (China)
Market Cap
HK$2.9b
Last Updated
2020/05/31 13:27 UTC
Data Sources
Company Financials +
Executive Summary
Modern Land (China) Co., Limited, an investment holding company, engages in the real estate development, property investment, hotel operation, real estate agency, and other services in the People’s Republic of China and the United States.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with reasonable growth potential.
Share Price & News
How has Modern Land (China)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1107's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.0%
1107
3.9%
HK Real Estate
3.4%
HK Market
1 Year Return
-7.2%
1107
-14.7%
HK Real Estate
-7.8%
HK Market
Return vs Industry: 1107 exceeded the Hong Kong Real Estate industry which returned -17.9% over the past year.
Return vs Market: 1107 exceeded the Hong Kong Market which returned -9.9% over the past year.
Shareholder returns
| 1107 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | 3.9% | 3.4% |
| 30 Day | -1.9% | -4.7% | -1.4% |
| 90 Day | -6.4% | -11.0% | -5.8% |
| 1 Year | -2.3%-7.2% | -11.0%-14.7% | -4.8%-7.8% |
| 3 Year | 9.0%-7.1% | 9.3%-2.9% | -2.6%-12.4% |
| 5 Year | 1.0%-19.6% | 15.1%-4.4% | -13.6%-27.0% |
Price Volatility Vs. Market
How volatile is Modern Land (China)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Should You Buy Modern Land (China) Co., Limited (HKG:1107) For Its Dividend?1 month ago | Simply Wall St
Did Modern Land (China) Co., Limited (HKG:1107) Insiders Buy Up More Shares?1 month ago | Simply Wall St
How Should Investors Feel About Modern Land (China) Co., Limited's (HKG:1107) CEO Pay?Valuation
Is Modern Land (China) undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1107 (HK$1.03) is trading below our estimate of fair value (HK$2.49)
Significantly Below Fair Value: 1107 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1107 is good value based on its PE Ratio (3.6x) compared to the Real Estate industry average (6.2x).
PE vs Market: 1107 is good value based on its PE Ratio (3.6x) compared to the Hong Kong market (9.3x).
Price to Earnings Growth Ratio
PEG Ratio: 1107 is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: 1107 is overvalued based on its PB Ratio (0.4x) compared to the HK Real Estate industry average (0.4x).
Next Steps
Future Growth
How is Modern Land (China) forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
23.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1107's forecast earnings growth (23.7% per year) is above the savings rate (1.6%).
Earnings vs Market: 1107's earnings (23.7% per year) are forecast to grow faster than the Hong Kong market (16.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 1107's revenue (18% per year) is forecast to grow faster than the Hong Kong market (10.5% per year).
High Growth Revenue: 1107's revenue (18% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1107's Return on Equity is forecast to be low in 3 years time (14.5%).
Next Steps
Past Performance
How has Modern Land (China) performed over the past 5 years?
1.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1107 has high quality earnings.
Growing Profit Margin: 1107's current net profit margins (5%) are lower than last year (5.6%).
Past Earnings Growth Analysis
Earnings Trend: 1107's earnings have grown by 1.7% per year over the past 5 years.
Accelerating Growth: 1107's earnings growth over the past year (39.2%) exceeds its 5-year average (1.7% per year).
Earnings vs Industry: 1107 earnings growth over the past year (39.2%) exceeded the Real Estate industry 2.8%.
Return on Equity
High ROE: 1107's Return on Equity (12.3%) is considered low.
Next Steps
Financial Health
How is Modern Land (China)'s financial position?
Financial Position Analysis
Short Term Liabilities: 1107's short term assets (CN¥56.7B) exceed its short term liabilities (CN¥50.3B).
Long Term Liabilities: 1107's short term assets (CN¥56.7B) exceed its long term liabilities (CN¥9.6B).
Debt to Equity History and Analysis
Debt Level: 1107's debt to equity ratio (262.7%) is considered high.
Reducing Debt: 1107's debt to equity ratio has increased from 139.4% to 262.7% over the past 5 years.
Debt Coverage: 1107's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1107's interest payments on its debt are well covered by EBIT (8.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Modern Land (China)'s current dividend yield, its reliability and sustainability?
7.00%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 1107's dividend (7%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.59%).
High Dividend: 1107's dividend (7%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.38%).
Stability and Growth of Payments
Stable Dividend: 1107 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1107's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.8%), 1107's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1107's dividends in 3 years are forecast to be well covered by earnings (20.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.0yrs
Average management tenure
CEO
Peng Zhang (44yo)
6.33yrs
Tenure
CN¥5,290,000
Compensation
Mr. Peng Zhang has been President and Executive Director at Modern Land (China) Co., Ltd., since January 2014. Mr. Peng Zhang serves as Chairman at First Moma Asset Management (Beijing) Co., Ltd. He serves ...
CEO Compensation Analysis
Compensation vs Market: Peng's total compensation ($USD741.25K) is above average for companies of similar size in the Hong Kong market ($USD422.19K).
Compensation vs Earnings: Peng's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 8.83yrs | CN¥5.50m | 65.8% CN¥1.9b | |
| President & Executive Director | 6.33yrs | CN¥5.29m | 0.44% CN¥12.7m | |
| CTO, Head of Research & Development Department and Executive Director | 8.83yrs | CN¥1.58m | 0.25% CN¥7.1m | |
| Company Secretary | 1yr | no data | no data | |
| Compliance Consultant | 1yr | no data | no data |
1.0yrs
Average Tenure
44yo
Average Age
Experienced Management: 1107's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 8.83yrs | CN¥5.50m | 65.8% CN¥1.9b | |
| President & Executive Director | 6.33yrs | CN¥5.29m | 0.44% CN¥12.7m | |
| CTO, Head of Research & Development Department and Executive Director | 8.83yrs | CN¥1.58m | 0.25% CN¥7.1m | |
| Independent Non-Executive Director | 6.83yrs | CN¥180.00k | no data | |
| Non-Executive Director | 8.83yrs | CN¥160.00k | 0.21% CN¥6.2m | |
| Independent Non-Executive Director | 6.83yrs | CN¥180.00k | no data | |
| Independent Non-Executive Director | 6.83yrs | CN¥180.00k | no data | |
| Independent Director | no data | no data | no data | |
| Non-Executive Director | 3.42yrs | no data | no data | |
| Independent Non-Executive Director | 3.33yrs | CN¥180.00k | no data |
6.8yrs
Average Tenure
48yo
Average Age
Experienced Board: 1107's board of directors are considered experienced (6.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 1107 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Modern Land (China) Co., Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Modern Land (China) Co., Limited
- Ticker: 1107
- Exchange: SEHK
- Founded: 2000
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: HK$2.879b
- Shares outstanding: 2.79b
- Website: https://www.modernland.hk
Number of Employees
Location
- Modern Land (China) Co., Limited
- Mega Hall
- Building 10, 4th Floor
- Beijing
- 100028
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1107 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jul 2013 |
Biography
Modern Land (China) Co., Limited, an investment holding company, engages in the real estate development, property investment, hotel operation, real estate agency, and other services in the People’s Republic of China and the United States. It also offers technology development, consulting, and real estate brokerage, immigration advisory services. The company was founded in 2000 and is headquartered in Beijing, the People’s Republic of China. Modern Land (China) Co., Limited is a subsidiary of Cititrust Private Trust (Cayman) Limited.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/31 13:27 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.