China Resources Land
Market Cap
HK$257.1b
Last Updated
2020/09/19 19:33 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
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
| 1109 | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.9% | 1.3% | 1.5% |
| 30 Day | 6.0% | -2.0% | -0.7% |
| 90 Day | 14.8% | -2.4% | 3.6% |
| 1 Year | 12.3%8.3% | -0.8%-5.7% | 5.4%1.4% |
| 3 Year | 56.4%40.5% | -7.5%-21.7% | -4.3%-14.6% |
| 5 Year | 130.1%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
1 week ago | Simply Wall St
Should You Take Comfort From Insider Transactions At China Resources Land Limited (HKG:1109)?3 weeks ago | Simply Wall St
Is China Resources Land (HKG:1109) Using Too Much Debt?1 month ago | Simply Wall St
Is China Resources Land Limited (HKG:1109) Trading At A 38% Discount?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Executive Director | 1.75yrs | CN¥8.25m | 0.00056% CN¥ 1.4m | |
| Vice Chairman | 1.75yrs | CN¥8.28m | no data | |
| Chief Information Officer | 1.75yrs | CN¥6.80m | no data | |
| Senior VP & Executive Director | 3.42yrs | CN¥7.36m | no data | |
| Senior VP | 1.58yrs | CN¥8.20m | no data | |
| Investor Relations Manager | no data | no data | no data | |
| Senior VP & Chief Human Resources Officer | 3.42yrs | no data | no data | |
| Senior VP & Chairman of the South China Region | 4.17yrs | no data | no data | |
| Senior Vice President | 1.75yrs | no data | no data | |
| Company Secretary | 11.08yrs | no data | no data |
4.2yrs
Average Tenure
51yo
Average Age
Experienced Management: 1109's management team is considered experienced (4.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Executive Director | 1.75yrs | CN¥8.25m | 0.00056% CN¥ 1.4m | |
| Vice Chairman | 1.75yrs | CN¥8.28m | no data | |
| Chief Information Officer | 1.75yrs | CN¥6.80m | no data | |
| Senior VP & Executive Director | 3.42yrs | CN¥7.36m | no data | |
| Senior VP | 1.58yrs | CN¥8.20m | no data | |
| Independent Non-Executive Director | 14.17yrs | CN¥359.00k | no data | |
| Non-Executive Director | 24.58yrs | no data | 0.028% CN¥ 71.8m | |
| Non-Executive Director | 8.25yrs | no data | 0.0070% CN¥ 18.0m | |
| Independent Non-Executive Director | 15yrs | CN¥359.00k | no data | |
| Non-Executive Chairman of the Board | 0.75yr | no data | no data | |
| Independent Non-Executive Director | 11.5yrs | CN¥359.00k | no data | |
| Non-Executive Director | 6.08yrs | no data | no 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
| 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, 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/19 19:33 |
| End of Day Share Price | 2020/09/18 00:00 |
| Earnings | 2020/06/30 |
| 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.