SEHK:1109

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Solid track record, good value 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


Market Performance


7 Day Return

9.5%

SEHK:1109

5.7%

HK Real Estate

3.3%

HK Market


1 Year Return

14.3%

SEHK:1109

-8.1%

HK Real Estate

-10.5%

HK Market

1109 outperformed the Real Estate industry which returned -8.1% over the past year.

1109 outperformed the Market in Hong Kong which returned -10.5% over the past year.


Share holder returns

1109IndustryMarket
7 Day9.5%5.7%3.3%
30 Day-3.5%-11.0%-8.0%
90 Day5.0%-7.9%-5.9%
1 Year18.8%14.3%-4.2%-8.1%-7.2%-10.5%
3 Year71.9%55.3%36.5%22.4%15.1%3.7%
5 Year116.2%79.1%48.0%22.7%9.0%-9.0%

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 based on future cash flows and its price relative to the stock market?

41%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

China Resources Land's share price is below the future cash flow value, and at a moderate discount (> 20%).

China Resources Land's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

China Resources Land is overvalued based on earnings compared to the HK Real Estate industry average.

China Resources Land is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

China Resources Land is good value based on expected growth next year.


Price Based on Value of Assets

China Resources Land is overvalued based on assets compared to the HK Real Estate industry average.


Next Steps

Future Growth

How is China Resources Land expected to perform in the next 1 to 3 years based on estimates from 24 analysts?

11.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

China Resources Land's revenue is expected to grow significantly at over 20% yearly.

China Resources Land's earnings are expected to grow by 11.3% yearly, however this is not considered high growth (20% yearly).

China Resources Land's revenue growth is expected to exceed the Hong Kong market average.

China Resources Land's earnings growth is positive but not above the Hong Kong market average.

China Resources Land's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

China Resources Land is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

15.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

China Resources Land's year on year earnings growth rate has been positive over the past 5 years.

China Resources Land's 1-year earnings growth exceeds its 5-year average (23.1% vs 15.2%)

China Resources Land's earnings growth has exceeded the HK Real Estate industry average in the past year (23.1% vs -2.9%).


Return on Equity

China Resources Land has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

China Resources Land used its assets more efficiently than the HK Real Estate industry average last year based on Return on Assets.


Return on Capital Employed

China Resources Land has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is China Resources Land's financial position?


Financial Position Analysis

China Resources Land is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

China Resources Land's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

China Resources Land's level of debt (86.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (73.6% vs 86.8% today).

Debt is not well covered by operating cash flow (17.4%, less than 20% of total debt).

China Resources Land earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.9x debt.


Next Steps

Dividend

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

4.84%

Expected Dividend Yield


Dividend Yield and Payments Analysis

China Resources Land's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.26%).

China Resources Land's dividend is below the markets top 25% of dividend payers in Hong Kong (6.19%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).


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?

3.1yrs

Average management tenure


CEO

China Resources Land has no CEO, or we have no data on them.


Management Age and Tenure

3.1yrs

Average Tenure

48yo

Average Age

The tenure for the China Resources Land management team is about average.


Board Age and Tenure

2.3yrs

Average Tenure

51yo

Average Age

The average tenure for the China Resources Land board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Yong Tang (47yo)

    Chairman of the Board

    • Tenure: 0.5yrs
    • Compensation: CN¥10.28m
  • Ji Xie (47yo)

    Senior VP & Executive Director

    • Tenure: 2.3yrs
    • Compensation: CN¥8.67m
  • Xin Li (48yo)

    President & Executive Director

    • Tenure: 2.3yrs
    • Compensation: CN¥9.12m
  • Eva Lau

    Investor Relations Manager

    • Tenure: 0.0yrs
  • Dawei Zhang (51yo)

    Vice Chairman

    • Tenure: 0.7yrs
    • Compensation: CN¥9.37m
  • Feng Chi (46yo)

    Senior VP & Group GM of Jiangsu Region

    • Tenure: 6.2yrs
  • Bingqi Wu (47yo)

    Senior VP

    • Tenure: 0.5yrs
  • Xiaokai Kong (50yo)

    Senior VP & GM of the South China Region

    • Tenure: 3.1yrs
  • Tongdong Shen (51yo)

    Chief Information Officer

    • Tenure: 0.7yrs
    • Compensation: CN¥1.28m
  • Liqiang Zhang (53yo)

    Senior VP & Chief Human Resources Officer

    • Tenure: 2.3yrs

Board Members

  • Andy Yan (62yo)

    Independent Non-Executive Director

    • Tenure: 13.1yrs
    • Compensation: CN¥303.00k
  • Biao Yan (57yo)

    Non-Executive Director

    • Tenure: 23.5yrs
  • Yong Tang (47yo)

    Chairman of the Board

    • Tenure: 0.5yrs
    • Compensation: CN¥10.28m
  • Ji Xie (47yo)

    Senior VP & Executive Director

    • Tenure: 2.3yrs
    • Compensation: CN¥8.67m
  • Xin Li (48yo)

    President & Executive Director

    • Tenure: 2.3yrs
    • Compensation: CN¥9.12m
  • Bosco Ho (74yo)

    Independent Non-Executive Director

    • Tenure: 13.9yrs
    • Compensation: CN¥303.00k
  • Kam To Wan (66yo)

    Independent Non-Executive Director

    • Tenure: 10.4yrs
    • Compensation: CN¥303.00k
  • Dawei Zhang (51yo)

    Vice Chairman

    • Tenure: 0.7yrs
    • Compensation: CN¥9.37m
  • Bingqi Wu (47yo)

    Senior VP

    • Tenure: 0.5yrs
  • Tongdong Shen (51yo)

    Chief Information Officer

    • Tenure: 0.7yrs
    • 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$217.978b
  • Shares outstanding: 6.93b
  • 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
CRBJ.YOTCPK (Pink Sheets LLC)ADRUSUSDJan 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 pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 12:34
End of Day Share Price2019/08/21 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.