SEHK:1109

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Executive Summary

China Resources Land Limited, an investment holding company, invests, develops, manages, and sells properties in the People’s Republic of China. More Details


Snowflake Analysis

Undervalued average dividend payer.


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

3.9%

1109

1.3%

HK Real Estate

1.5%

HK Market


1 Year Return

8.3%

1109

-5.7%

HK Real Estate

1.4%

HK Market

Return vs Industry: 1109 exceeded the Hong Kong Real Estate industry which returned -5.7% over the past year.

Return vs Market: 1109 exceeded the Hong Kong Market which returned 1.4% over the past year.


Shareholder returns

1109IndustryMarket
7 Day3.9%1.3%1.5%
30 Day6.0%-2.0%-0.7%
90 Day14.8%-2.4%3.6%
1 Year12.3%8.3%-0.8%-5.7%5.4%1.4%
3 Year56.4%40.5%-7.5%-21.7%-4.3%-14.6%
5 Year130.1%94.2%49.9%19.0%24.7%3.7%

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

Valuation

Is China Resources Land undervalued compared to its fair value and its price relative to the market?

20.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1109 (HK$36.05) is trading below our estimate of fair value (HK$45.3)

Significantly Below Fair Value: 1109 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1109 is good value based on its PE Ratio (8.1x) compared to the HK Real Estate industry average (9.1x).

PE vs Market: 1109 is good value based on its PE Ratio (8.1x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: 1109 is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: 1109 is overvalued based on its PB Ratio (1.3x) compared to the HK Real Estate industry average (0.4x).


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?

11.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1109's forecast earnings growth (11% per year) is above the savings rate (1.6%).

Earnings vs Market: 1109's earnings (11% per year) are forecast to grow slower than the Hong Kong market (22.5% per year).

High Growth Earnings: 1109's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1109's revenue (18.4% per year) is forecast to grow faster than the Hong Kong market (13.2% per year).

High Growth Revenue: 1109's revenue (18.4% per year) is forecast to grow slower 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 (14.1%).


Next Steps

Past Performance

How has China Resources Land performed over the past 5 years?

16.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1109 has high quality earnings.

Growing Profit Margin: 1109's current net profit margins (18.7%) are lower than last year (22.8%).


Past Earnings Growth Analysis

Earnings Trend: 1109's earnings have grown by 16.7% per year over the past 5 years.

Accelerating Growth: 1109's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1109 had negative earnings growth (-2.2%) over the past year, making it difficult to compare to the Real Estate industry average (-6.8%).


Return on Equity

High ROE: 1109's Return on Equity (14.6%) is considered low.


Next Steps

Financial Health

How is China Resources Land's financial position?


Financial Position Analysis

Short Term Liabilities: 1109's short term assets (CN¥553.7B) exceed its short term liabilities (CN¥441.0B).

Long Term Liabilities: 1109's short term assets (CN¥553.7B) exceed its long term liabilities (CN¥148.9B).


Debt to Equity History and Analysis

Debt Level: 1109's debt to equity ratio (83%) is considered high.

Reducing Debt: 1109's debt to equity ratio has increased from 73.1% to 83% over the past 5 years.

Debt Coverage: 1109's debt is not well covered by operating cash flow (17.5%).

Interest Coverage: 1109 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is China Resources Land current dividend yield, its reliability and sustainability?

3.39%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 1109's dividend (3.39%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 1109's dividend (3.39%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.91%).


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 (27.9%), 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 (35.7% payout ratio).


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

Xin Li (49 yo)

1.75yrs

Tenure

CN¥8,246,000

Compensation

Mr. Li Xin has been President of China Resources Land Limited since December 4, 2018. Mr. Li served as the Co-President of China Resources Land Limited since July 2016 until December 4, 2018. Mr. Li joined ...


CEO Compensation Analysis

Compensation vs Market: Xin's total compensation ($USD1.22M) is above average for companies of similar size in the Hong Kong market ($USD806.27K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Xin Li
President & Executive Director1.75yrsCN¥8.25m0.00056%
CN¥ 1.4m
Dawei Zhang
Vice Chairman1.75yrsCN¥8.28mno data
Tongdong Shen
Chief Information Officer1.75yrsCN¥6.80mno data
Ji Xie
Senior VP & Executive Director3.42yrsCN¥7.36mno data
Bingqi Wu
Senior VP1.58yrsCN¥8.20mno data
Eva Lau
Investor Relations Managerno datano datano data
Liqiang Zhang
Senior VP & Chief Human Resources Officer3.42yrsno datano data
Xiaokai Kong
Senior VP & Chairman of the South China Region4.17yrsno datano data
Linkang Yu
Senior Vice President1.75yrsno datano data
Chi Lik Lo
Company Secretary11.08yrsno datano data

4.2yrs

Average Tenure

51yo

Average Age

Experienced Management: 1109's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Xin Li
President & Executive Director1.75yrsCN¥8.25m0.00056%
CN¥ 1.4m
Dawei Zhang
Vice Chairman1.75yrsCN¥8.28mno data
Tongdong Shen
Chief Information Officer1.75yrsCN¥6.80mno data
Ji Xie
Senior VP & Executive Director3.42yrsCN¥7.36mno data
Bingqi Wu
Senior VP1.58yrsCN¥8.20mno data
Andrew Y. Yan
Independent Non-Executive Director14.17yrsCN¥359.00kno data
Biao Yan
Non-Executive Director24.58yrsno data0.028%
CN¥ 71.8m
Ying Chen
Non-Executive Director8.25yrsno data0.0070%
CN¥ 18.0m
Hing Ngai Ho
Independent Non-Executive Director15yrsCN¥359.00kno data
Xiangming Wang
Non-Executive Chairman of the Board0.75yrno datano data
Kam To Wan
Independent Non-Executive Director11.5yrsCN¥359.00kno data
Yan Wang
Non-Executive Director6.08yrsno datano data

4.8yrs

Average Tenure

51.5yo

Average Age

Experienced Board: 1109's board of directors are considered experienced (4.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.


Top Shareholders

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:
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$257.070b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRBJ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1996
1109SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 1996
CHZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1996
1109SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 1996
1109SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 1996
1109 NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNNov 1996
CRBJ.YOTCPK (Pink Sheets LLC)ADRUSUSDJan 2009

Biography

China Resources Land Limited, an investment holding company, invests, develops, manages, and sells properties in the People’s Republic of China. It invests in commercial, office, hotel, and apartment prope ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 19:33
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.