Poly Property Group
Market Cap
HK$9.2b
Last Updated
2020/07/03 12:39 UTC
Data Sources
Company Financials +
Executive Summary
Poly Property Group Co., Limited, an investment holding company, engages in the property development, investment, and management activities in Hong Kong and the People’s Republic of China.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -0.6% per year for the next 3 years
Snowflake Analysis
Established dividend payer with proven track record.
Share Price & News
How has Poly Property Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 119 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
8.1%
119
3.6%
HK Real Estate
1.4%
HK Market
1 Year Return
-14.2%
119
-14.8%
HK Real Estate
-6.6%
HK Market
Return vs Industry: 119 matched the Hong Kong Real Estate industry which returned -14.8% over the past year.
Return vs Market: 119 underperformed the Hong Kong Market which returned -6.6% over the past year.
Shareholder returns
| 119 | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.1% | 3.6% | 1.4% |
| 30 Day | -4.2% | 5.6% | 4.6% |
| 90 Day | -0.4% | 8.9% | 11.3% |
| 1 Year | -7.2%-14.2% | -10.4%-14.8% | -3.7%-6.6% |
| 3 Year | -20.2%-32.0% | 17.4%3.5% | 4.7%-5.7% |
| 5 Year | -7.3%-20.9% | 41.3%15.9% | 8.4%-8.8% |
Price Volatility Vs. Market
How volatile is Poly Property Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Poly Property Group (HKG:119) Takes On Some Risk With Its Use Of Debt1 month ago | Simply Wall St
Should Poly Property Group Co., Limited (HKG:119) Be Part Of Your Dividend Portfolio?2 months ago | Simply Wall St
What Kind Of Investor Owns Most Of Poly Property Group Co., Limited (HKG:119)?Valuation
Is Poly Property Group undervalued compared to its fair value and its price relative to the market?
2.42x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 119 (HK$2.53) is trading above our estimate of fair value (HK$1.67)
Significantly Below Fair Value: 119 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 119 is good value based on its PE Ratio (2.4x) compared to the Real Estate industry average (6.9x).
PE vs Market: 119 is good value based on its PE Ratio (2.4x) compared to the Hong Kong market (10.1x).
Price to Earnings Growth Ratio
PEG Ratio: 119's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 119 is good value based on its PB Ratio (0.3x) compared to the HK Real Estate industry average (0.4x).
Next Steps
Future Growth
How is Poly Property Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-0.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 119's earnings are forecast to decline over the next 3 years (-0.6% per year).
Earnings vs Market: 119's earnings are forecast to decline over the next 3 years (-0.6% per year).
High Growth Earnings: 119's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 119's revenue (1% per year) is forecast to grow slower than the Hong Kong market (11% per year).
High Growth Revenue: 119's revenue (1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 119's Return on Equity is forecast to be low in 3 years time (9.1%).
Next Steps
Past Performance
How has Poly Property Group performed over the past 5 years?
58.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 119 has high quality earnings.
Growing Profit Margin: 119's current net profit margins (9.6%) are lower than last year (9.6%).
Past Earnings Growth Analysis
Earnings Trend: 119's earnings have grown significantly by 58.7% per year over the past 5 years.
Accelerating Growth: 119's earnings growth over the past year (71%) exceeds its 5-year average (58.7% per year).
Earnings vs Industry: 119 earnings growth over the past year (71%) exceeded the Real Estate industry 3.7%.
Return on Equity
High ROE: 119's Return on Equity (10.9%) is considered low.
Next Steps
Financial Health
How is Poly Property Group's financial position?
Financial Position Analysis
Short Term Liabilities: 119's short term assets (HK$131.4B) exceed its short term liabilities (HK$72.8B).
Long Term Liabilities: 119's short term assets (HK$131.4B) exceed its long term liabilities (HK$51.6B).
Debt to Equity History and Analysis
Debt Level: 119's debt to equity ratio (191.3%) is considered high.
Reducing Debt: 119's debt to equity ratio has increased from 163.6% to 191.3% over the past 5 years.
Debt Coverage: 119's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 119's interest payments on its debt are well covered by EBIT (8.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Poly Property Group current dividend yield, its reliability and sustainability?
8.26%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 119's dividend (8.26%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.39%).
High Dividend: 119's dividend (8.26%) is in the top 25% of dividend payers in the Hong Kong market (6.84%)
Stability and Growth of Payments
Stable Dividend: 119's dividend payments have been volatile in the past 10 years.
Growing Dividend: 119's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20%), 119's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 119's dividends in 3 years are forecast to be well covered by earnings (19.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Jian Wang (48yo)
1.42yrs
Tenure
HK$4,699,000
Compensation
Mr. Jian Wang has been Managing Director and Executive Director of Poly Property Group Co., Limited since February 1, 2019. Mr. Wang holds a master degree in architecture from South China University of Tec ...
CEO Compensation Analysis
Compensation vs Market: Jian's total compensation ($USD606.26K) is about average for companies of similar size in the Hong Kong market ($USD505.37K).
Compensation vs Earnings: Insufficient data to compare Jian's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 1.42yrs | HK$4.70m | no data | |
| MD & Executive Director | 1.42yrs | HK$4.70m | no data | |
| Vice Chairman | 1.42yrs | HK$4.71m | no data | |
| Executive Director | 14.25yrs | HK$1.66m | 0.028% HK$2.6m | |
| Deputy GM & Executive Director | 13.67yrs | HK$4.23m | no data | |
| Deputy GM & Executive Director | 3.92yrs | HK$4.23m | no data | |
| Assistant to the GM & Financial Controller | no data | no data | no data | |
| Deputy Head of Investor Relations | no data | no data | no data | |
| Deputy General Manager | no data | no data | no data | |
| Deputy General Manager | no data | no data | no data |
1.5yrs
Average Tenure
57yo
Average Age
Experienced Management: 119's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 1.42yrs | HK$4.70m | no data | |
| MD & Executive Director | 1.42yrs | HK$4.70m | no data | |
| Vice Chairman | 1.42yrs | HK$4.71m | no data | |
| Executive Director | 14.25yrs | HK$1.66m | 0.028% HK$2.6m | |
| Deputy GM & Executive Director | 13.67yrs | HK$4.23m | no data | |
| Deputy GM & Executive Director | 3.92yrs | HK$4.23m | no data | |
| Independent Non-Executive Director | 19.5yrs | HK$339.00k | no data | |
| Independent Non-Executive Director | 16yrs | HK$339.00k | 0.0082% HK$749.7k | |
| Independent Non-Executive Director | 9.92yrs | HK$339.00k | 0.00090% HK$82.4k | |
| Independent Non-Executive Director | 7.67yrs | HK$339.00k | no data |
8.8yrs
Average Tenure
57.5yo
Average Age
Experienced Board: 119's board of directors are considered experienced (8.8 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Poly Property Group Co., Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Poly Property Group Co., Limited
- Ticker: 119
- Exchange: SEHK
- Founded:
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: HK$9.154b
- Shares outstanding: 3.66b
- Website: https://www.polyhongkong.com
Number of Employees
Location
- Poly Property Group Co., Limited
- Room 2503, Tower 1
- Admiralty Centre
- Hong Kong
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 119 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Nov 1993 |
| CMJ | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 1993 |
| PHKI.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Nov 1993 |
| 119 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Nov 1993 |
| 119 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Nov 1993 |
Biography
Poly Property Group Co., Limited, an investment holding company, engages in the property development, investment, and management activities in Hong Kong and the People’s Republic of China. The company operates in four segments: Property Development, Property Investment and Management, Hotel Operations, and Other Operations. It is involved in the development of residential and commercial properties; and hotel and restaurant business, as well as provision of related services. The company also provides financial, management, asset management, property agency, and construction services. In addition, it manufactures and sells digital discs and others. The company was formerly known as Poly (Hong Kong) Investments Limited. Poly Property Group Co., Limited is based in Hong Kong, Hong Kong.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/03 12:39 |
| End of Day Share Price | 2020/07/03 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.