SEHK:119

Stock Analysis Report

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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. More Details


Snowflake Analysis

Average dividend payer with mediocre balance sheet.

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 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 119's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-6.6%

119

1.2%

HK Real Estate

4.1%

HK Market


1 Year Return

-30.7%

119

-10.0%

HK Real Estate

16.9%

HK Market

Return vs Industry: 119 underperformed the Hong Kong Real Estate industry which returned -10% over the past year.

Return vs Market: 119 underperformed the Hong Kong Market which returned 16.9% over the past year.


Shareholder returns

119IndustryMarket
7 Day-6.6%1.2%4.1%
30 Day2.2%7.5%14.8%
90 Day2.2%6.6%21.4%
1 Year-25.0%-30.7%-5.5%-10.0%21.6%16.9%
3 Year-38.7%-47.7%-15.4%-26.3%-3.4%-13.7%
5 Year29.2%10.1%67.5%33.0%67.8%39.1%

Long-Term 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

Valuation

Is Poly Property Group undervalued compared to its fair value and its price relative to the market?

9.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 119 (HK$2.28) is trading above our estimate of fair value (HK$2.12)

Significantly Below Fair Value: 119 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 119 is poor value based on its PE Ratio (9x) compared to the HK Real Estate industry average (8.5x).

PE vs Market: 119 is good value based on its PE Ratio (9x) compared to the Hong Kong market (12x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 119's PEG Ratio to determine if it is good value.


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 0 analysts?

20.2%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Poly Property Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Poly Property Group performed over the past 5 years?

56.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 119 has high quality earnings.

Growing Profit Margin: 119's current net profit margins (2.6%) are lower than last year (15.8%).


Past Earnings Growth Analysis

Earnings Trend: 119 has become profitable over the past 5 years, growing earnings by 56.7% per year.

Accelerating Growth: 119's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 119 had negative earnings growth (-82.7%) over the past year, making it difficult to compare to the Real Estate industry average (6.1%).


Return on Equity

High ROE: 119's Return on Equity (2.6%) 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$142.1B) exceed its short term liabilities (HK$75.8B).

Long Term Liabilities: 119's short term assets (HK$142.1B) exceed its long term liabilities (HK$58.5B).


Debt to Equity History and Analysis

Debt Level: 119's debt to equity ratio (210.1%) is considered high.

Reducing Debt: 119's debt to equity ratio has increased from 172.7% to 210.1% 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 (7.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Poly Property Group current dividend yield, its reliability and sustainability?

9.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 119's dividend (9.17%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.04%).

High Dividend: 119's dividend (9.17%) is in the top 25% of dividend payers in the Hong Kong market (6.59%)


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: At its current payout ratio (82.8%), 119's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Jian Wang (48 yo)

1.92yrs

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 ($USD606.18K) is above average for companies of similar size in the Hong Kong market ($USD424.64K).

Compensation vs Earnings: Insufficient data to compare Jian's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Bingnan Zhang
Executive Chairman of the Board1.92yrsHK$4.70mno data
Jian Wang
MD & Executive Director1.92yrsHK$4.70mno data
Qingtao Han
Vice Chairman1.92yrsHK$4.71mno data
Ming Xue
Executive Director14.75yrsHK$1.66m0.028%
HK$ 2.3m
Liwen Ye
Deputy GM & Executive Director14.17yrsHK$4.23mno data
Weirong Zhu
Deputy GM & Executive Director4.42yrsHK$4.23mno data
Chi Ping Pun
Assistant to the GM & Financial Controllerno datano datano data
Helen Qiu
Deputy Head of Investor Relationsno datano datano data
Guangming Wu
Deputy General Managerno datano datano data
Hiu Chan
Deputy General Managerno datano datano data
Wai Choi
Deputy General Managerno datano datano data
Yuqing Wan
Deputy General Managerno datano datano data

2.0yrs

Average Tenure

53yo

Average Age

Experienced Management: 119's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bingnan Zhang
Executive Chairman of the Board1.92yrsHK$4.70mno data
Jian Wang
MD & Executive Director1.92yrsHK$4.70mno data
Qingtao Han
Vice Chairman1.92yrsHK$4.71mno data
Ming Xue
Executive Director14.75yrsHK$1.66m0.028%
HK$ 2.3m
Liwen Ye
Deputy GM & Executive Director14.17yrsHK$4.23mno data
Weirong Zhu
Deputy GM & Executive Director4.42yrsHK$4.23mno data
Chun Chung Ip
Independent Non-Executive Director20yrsHK$339.00kno data
Shu Kwan Choy
Independent Non-Executive Director16.5yrsHK$339.00k0.0082%
HK$ 686.7k
Sau Fan Leung
Independent Non-Executive Director10.42yrsHK$339.00k0.00090%
HK$ 75.5k
Ka Wong
Independent Non-Executive Director8.17yrsHK$339.00kno data

9.3yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 119's board of directors are considered experienced (9.3 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: NaN
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$8.385b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
119SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 1993
CMJDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1993
PHKI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1993
119SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 1993
119SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDNov 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 oper...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 10:15
End of Day Share Price2021/01/26 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.