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119

Poly Property GroupSEHK:119 Stock Report

Market Cap

HK$7.3b

7D

4.8%

1Y

-8.8%

Updated

28 Sep, 2021

Data

Company Financials
119 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends2/6

119 Overview

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.

Price History & Performance

Summary of all time highs, changes and price drops for Poly Property Group
Historical stock prices
Current Share PriceHK$1.96
52 Week HighHK$1.80
52 Week LowHK$2.62
Beta0.97
1 Month Change-4.39%
3 Month Change-2.97%
1 Year Change-8.84%
3 Year Change-26.87%
5 Year Change-25.19%
Change since IPO-44.00%

Recent News & Updates

Jul 28
Calculating The Fair Value Of Poly Property Group Co., Limited (HKG:119)

Calculating The Fair Value Of Poly Property Group Co., Limited (HKG:119)

Today we will run through one way of estimating the intrinsic value of Poly Property Group Co., Limited ( HKG:119 ) by...

Shareholder Returns

119HK Real EstateHK Market
7D4.8%3.6%-0.0001%
1Y-8.8%-17.7%7.3%

Return vs Industry: 119 exceeded the Hong Kong Real Estate industry which returned -17.7% over the past year.

Return vs Market: 119 underperformed the Hong Kong Market which returned 7.3% over the past year.

Price Volatility

Is 119's price volatile compared to industry and market?
119 volatility
119 Beta0.97
Industry Beta0.84
Market Beta1

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.

About the Company

FoundedEmployeesCEOWebsite
19738,496Jian Wanghttps://www.polyhongkong.com

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 investment and management of hotels and restaurants, as well as provision of related services.

Poly Property Group Fundamentals Summary

How do Poly Property Group's earnings and revenue compare to its market cap?
119 fundamental statistics
Market CapHK$7.28b
Earnings (TTM)HK$2.71b
Revenue (TTM)HK$32.37b

2.7x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
119 income statement (TTM)
RevenueHK$32.37b
Cost of RevenueHK$21.35b
Gross ProfitHK$11.01b
ExpensesHK$8.30b
EarningsHK$2.71b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.73
Gross Margin34.03%
Net Profit Margin8.39%
Debt/Equity Ratio206.6%

How did 119 perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

17%

Payout Ratio

Valuation

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

2.68x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 119 (HK$1.96) is trading above our estimate of fair value (HK$1.61)

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 (2.7x) compared to the Hong Kong Real Estate industry average (7.2x).

PE vs Market: 119 is good value based on its PE Ratio (2.7x) compared to the Hong Kong market (9.6x).


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 (0.2x) compared to the HK Real Estate industry average (0.4x).


Future Growth

How is Poly Property Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.3%

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.


Past Performance

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

30.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 119 has high quality earnings.

Growing Profit Margin: 119's current net profit margins (8.4%) are higher than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: 119 has become profitable over the past 5 years, growing earnings by 30.7% per year.

Accelerating Growth: 119's earnings growth over the past year (193.9%) exceeds its 5-year average (30.7% per year).

Earnings vs Industry: 119 earnings growth over the past year (193.9%) exceeded the Real Estate industry 23.8%.


Return on Equity

High ROE: 119's Return on Equity (7%) is considered low.


Financial Health

How is Poly Property Group's financial position?


Financial Position Analysis

Short Term Liabilities: 119's short term assets (HK$177.1B) exceed its short term liabilities (HK$106.8B).

Long Term Liabilities: 119's short term assets (HK$177.1B) exceed its long term liabilities (HK$68.5B).


Debt to Equity History and Analysis

Debt Level: 119's debt to equity ratio (206.6%) is considered high.

Reducing Debt: 119's debt to equity ratio has increased from 194.1% to 206.6% 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 (6x coverage).


Balance Sheet


Dividend

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

6.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 119's dividend (6.53%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.3%).

High Dividend: 119's dividend (6.53%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.92%).


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 fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.3%), 119's dividend payments are well 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?

2.7yrs

Average management tenure


CEO

Jian Wang (49 yo)

2.58yrs

Tenure

HK$4,323,000

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 ($USD555.39K) is above average for companies of similar size in the Hong Kong market ($USD418.19K).

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


Leadership Team

Experienced Management: 119's management team is considered experienced (2.7 years average tenure).


Board Members

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 employee growth, exchange listings and data sources


Key Information

  • Name: Poly Property Group Co., Limited
  • Ticker: 119
  • Exchange: SEHK
  • Founded: 1973
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$7.278b
  • Shares outstanding: 3.71b
  • Website: https://www.polyhongkong.com

Number of Employees


Location

  • Poly Property Group Co., Limited
  • Tower 1
  • Room 2503
  • Hong Kong
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/28 15:42
End of Day Share Price2021/09/28 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.