China Resources Land
Market Cap
HK$247.1b
Last Updated
2020/01/22 12:34 UTC
Data Sources
Company Financials +
Executive Summary
China Resources Land Limited, an investment holding company, invests in, develops, manages, and sells properties in the People’s Republic of China.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential and pays a dividend.
Similar Companies
Share Price & News
How has China Resources Land's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1109 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.7%
1109
-4.2%
HK Real Estate
-3.1%
HK Market
1 Year Return
19.5%
1109
3.5%
HK Real Estate
2.3%
HK Market
Return vs Industry: 1109 exceeded the Hong Kong Real Estate industry which returned 6.7% over the past year.
Return vs Market: 1109 exceeded the Hong Kong Market which returned 6.4% over the past year.
Shareholder returns
| 1109 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.7% | -4.2% | -3.1% |
| 30 Day | -4.0% | -1.6% | 0.5% |
| 90 Day | 6.6% | 6.1% | 5.3% |
| 1 Year | 24.2%19.5% | 8.2%3.5% | 6.1%2.3% |
| 3 Year | 106.2%86.2% | 53.1%36.8% | 22.2%9.8% |
| 5 Year | 97.8%69.5% | 65.4%37.3% | 18.0%-1.7% |
Price Volatility Vs. Market
How volatile is China Resources Land's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Does China Resources Land Limited's (HKG:1109) Share Price Indicate?3 weeks ago | Simply Wall St
Can China Resources Land Limited's (HKG:1109) ROE Continue To Surpass The Industry Average?1 month ago | Simply Wall St
Should You Rely On China Resources Land's (HKG:1109) Earnings Growth?Valuation
Is China Resources Land undervalued compared to its fair value and its price relative to the market?
14.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1109 (HK$36.6) is trading below our estimate of fair value (HK$43.24)
Significantly Below Fair Value: 1109 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 1109 is poor value based on its PE Ratio (8x) compared to the Real Estate industry average (6.9x).
PE vs Market: 1109 is good value based on its PE Ratio (8x) compared to the Hong Kong market (10.5x).
Price to Earnings Growth Ratio
PEG Ratio: 1109 is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: 1109 is overvalued based on its PB Ratio (1.5x) compared to the HK Real Estate industry average (0.5x).
Next Steps
Future Growth
How is China Resources Land forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?
13.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1109's forecast earnings growth (13.2% per year) is above the savings rate (1.6%).
Earnings vs Market: 1109's earnings (13.2% per year) are forecast to grow faster than the Hong Kong market (11.3% per year).
High Growth Earnings: 1109's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1109's revenue (20.7% per year) is forecast to grow faster than the Hong Kong market (10.2% per year).
High Growth Revenue: 1109's revenue (20.7% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1109's Return on Equity is forecast to be low in 3 years time (16.7%).
Next Steps
Past Performance
How has China Resources Land performed over the past 5 years?
17.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1109 has a large one-off gain of CN¥11.8B impacting its June 30 2019 financial results.
Growing Profit Margin: 1109's current net profit margins (22.8%) are higher than last year (21%).
Past Earnings Growth Analysis
Earnings Trend: 1109's earnings have grown by 17.2% per year over the past 5 years.
Accelerating Growth: 1109's earnings growth over the past year (17%) is below its 5-year average (17.2% per year).
Earnings vs Industry: 1109 earnings growth over the past year (17%) exceeded the Real Estate industry -9.9%.
Return on Equity
High ROE: 1109's Return on Equity (16.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is China Resources Land's financial position?
Financial Position Analysis
Short Term Liabilities: 1109's short term assets (CN¥505.7B) exceed its short term liabilities (CN¥385.2B).
Long Term Liabilities: 1109's short term assets (CN¥505.7B) exceed its long term liabilities (CN¥151.8B).
Debt to Equity History and Analysis
Debt Level: 1109's debt to equity ratio (78.2%) is considered high.
Reducing Debt: 1109's debt to equity ratio has reduced from 81.1% to 78.2% over the past 5 years.
Debt Coverage: 1109's debt is well covered by operating cash flow (31.8%).
Interest Coverage: 1109 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 1109 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1109's debt is covered by short term assets (assets are 3.4x debt).
Next Steps
Dividend
What is China Resources Land's current dividend yield, its reliability and sustainability?
3.44%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 1109's dividend (3.36%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.17%).
High Dividend: 1109's dividend (3.36%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.02%).
Stability and Growth of Payments
Stable Dividend: 1109's dividend payments have been volatile in the past 10 years.
Growing Dividend: 1109's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.6%), 1109's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1109's dividends in 3 years are forecast to be well covered by earnings (35% payout ratio).
Next Steps
Management
What is the CEO of China Resources Land's salary, the management and board of directors tenure and is there insider trading?
3.5yrs
Average management tenure
CEO
China Resources Land has no CEO, or we have no data on them.
Management Age and Tenure
3.5yrs
Average Tenure
48yo
Average Age
Experienced Management: 1109's management team is considered experienced (3.5 years average tenure).
Board Age and Tenure
2.8yrs
Average Tenure
51yo
Average Age
Experienced Board: 1109's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Insider Trading
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.
Management Team
Ji Xie (47yo)
Senior VP & Executive Director
- Tenure: 2.8yrs
- Compensation: CN¥8.67m
Xin Li (48yo)
President & Executive Director
- Tenure: 2.8yrs
- Compensation: CN¥9.12m
Eva Lau
Investor Relations Manager
Dawei Zhang (51yo)
Vice Chairman
- Tenure: 1.1yrs
- Compensation: CN¥9.37m
Feng Chi (46yo)
Senior VP & Group GM of Jiangsu Region
- Tenure: 6.6yrs
Bingqi Wu (47yo)
Senior VP
- Tenure: 0.9yrs
Xiaokai Kong (50yo)
Senior VP & GM of the South China Region
- Tenure: 3.5yrs
Tongdong Shen (51yo)
Chief Information Officer
- Tenure: 1.1yrs
- Compensation: CN¥1.28m
Liqiang Zhang (53yo)
Senior VP & Chief Human Resources Officer
- Tenure: 2.8yrs
Linkang Yu (47yo)
Senior Vice President
- Tenure: 1.1yrs
Board Members
Andy Yan (62yo)
Independent Non-Executive Director
- Tenure: 13.5yrs
- Compensation: CN¥303.00k
Biao Yan (57yo)
Non-Executive Director
- Tenure: 23.9yrs
Ji Xie (47yo)
Senior VP & Executive Director
- Tenure: 2.8yrs
- Compensation: CN¥8.67m
Xin Li (48yo)
President & Executive Director
- Tenure: 2.8yrs
- Compensation: CN¥9.12m
Bosco Ho (74yo)
Independent Non-Executive Director
- Tenure: 14.3yrs
- Compensation: CN¥303.00k
Xiangming Wang (50yo)
Chairman of the Board
- Tenure: 0.08yrs
Peter Wan (66yo)
Independent Non-Executive Director
- Tenure: 10.8yrs
- Compensation: CN¥303.00k
Dawei Zhang (51yo)
Vice Chairman
- Tenure: 1.1yrs
- Compensation: CN¥9.37m
Bingqi Wu (47yo)
Senior VP
- Tenure: 0.9yrs
Tongdong Shen (51yo)
Chief Information Officer
- Tenure: 1.1yrs
- Compensation: CN¥1.28m
Company Information
China Resources Land Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Resources Land Limited
- Ticker: 1109
- Exchange: SEHK
- Founded: 1996
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: HK$247.087b
- Shares outstanding: 7.13b
- Website: https://www.crland.com.hk
Number of Employees
Location
- China Resources Land Limited
- China Resources Building
- 46th Floor
- Wanchai
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CRBJ.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Nov 1996 |
| 1109 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Nov 1996 |
| CHZ | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 1996 |
| 1109 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Nov 1996 |
| 1109 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Nov 1996 |
| 1109 N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Nov 1996 |
| CRBJ.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Jan 2009 |
Biography
China Resources Land Limited, an investment holding company, invests in, develops, manages, and sells properties in the People’s Republic of China. It invests in commercial, office, hotel, and apartment properties. As of December 31, 2018, the company had land bank of 59.57 million square meters, including 50.14 million square meters for development properties and 9.43 million square meters for investment properties. It also operates hotels; offers construction, decoration, and other property development related services; and manufactures and sells furniture. The company was incorporated in 1996 and is headquartered in Wanchai, Hong Kong. China Resources Land Limited is a subsidiary of China Resources (Holdings) Company Limited.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/22 12:34 |
| End of Day Share Price | 2020/01/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.