company background image
1222

Wang On GroupSEHK:1222 Stock Report

Market Cap

HK$1.1b

7D

-1.4%

1Y

25.9%

Updated

27 Nov, 2021

Data

Company Financials
1222 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends2/6

1222 Stock Overview

Wang On Group Limited, an investment holding company, primarily engages in the property development and investment activities in Hong Kong, Mainland China, Macau, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Wang On Group
Historical stock prices
Current Share PriceHK$0.073
52 Week HighHK$0.079
52 Week LowHK$0.053
Beta0.97
1 Month Change-2.67%
3 Month Change7.35%
1 Year Change25.86%
3 Year Change-19.78%
5 Year Change4.29%
Change since IPO-99.99%

Recent News & Updates

Aug 02
Wang On Group's (HKG:1222) Soft Earnings Don't Show The Whole Picture

Wang On Group's (HKG:1222) Soft Earnings Don't Show The Whole Picture

Wang On Group Limited's ( HKG:1222 ) recent weak earnings report didn't cause a big stock movement. Our analysis...

Jun 07
Estimating The Intrinsic Value Of Wang On Group Limited (HKG:1222)

Estimating The Intrinsic Value Of Wang On Group Limited (HKG:1222)

In this article we are going to estimate the intrinsic value of Wang On Group Limited ( HKG:1222 ) by taking the...

Mar 29
Here's Why Wang On Group (HKG:1222) Is Weighed Down By Its Debt Load

Here's Why Wang On Group (HKG:1222) Is Weighed Down By Its Debt Load

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

1222HK Real EstateHK Market
7D-1.4%-3.1%-2.7%
1Y25.9%-20.3%-6.3%

Return vs Industry: 1222 exceeded the Hong Kong Real Estate industry which returned -20.3% over the past year.

Return vs Market: 1222 exceeded the Hong Kong Market which returned -6.3% over the past year.

Price Volatility

Is 1222's price volatile compared to industry and market?
1222 volatility
1222 Average Weekly Movement4.9%
Real Estate Industry Average Movement5.7%
Market Average Movement6.9%
10% most volatile stocks in HK Market13.4%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 1222 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 1222's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19872,103n/ahttps://www.wangon.com

Wang On Group Limited, an investment holding company, primarily engages in the property development and investment activities in Hong Kong, Mainland China, Macau, and internationally. It operates through five segments: Property Development, Property Investment, Fresh Markets, Pharmaceutical, and Treasury Management. The company invests in industrial and commercial premises, and residential units for rental or for sale; and invests in debt and other securities.

Wang On Group Fundamentals Summary

How do Wang On Group's earnings and revenue compare to its market cap?
1222 fundamental statistics
Market CapHK$1.09b
Earnings (TTM)HK$67.47m
Revenue (TTM)HK$1.80b

16.2x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1222 income statement (TTM)
RevenueHK$1.80b
Cost of RevenueHK$897.87m
Gross ProfitHK$899.96m
ExpensesHK$832.49m
EarningsHK$67.47m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0045
Gross Margin50.06%
Net Profit Margin3.75%
Debt/Equity Ratio75.8%

How did 1222 perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

67%

Payout Ratio

Does 1222 pay a reliable dividends?

See 1222 dividend history and benchmarks
When do you need to buy 1222 by to receive an upcoming dividend?
Wang On Group dividend dates
Ex Dividend DateDec 20 2021
Dividend Pay DateJan 11 2022
Days until Ex dividend22 days
Days until Dividend pay date44 days

Does 1222 pay a reliable dividends?

See 1222 dividend history and benchmarks

Valuation

Is Wang On Group undervalued compared to its fair value and its price relative to the market?

16.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1222 (HK$0.07) is trading above our estimate of fair value (HK$0.04)

Significantly Below Fair Value: 1222 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1222 is poor value based on its PE Ratio (16.2x) compared to the Hong Kong Real Estate industry average (7x).

PE vs Market: 1222 is poor value based on its PE Ratio (16.2x) compared to the Hong Kong market (9.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1222's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1222 is good value based on its PB Ratio (0.2x) compared to the HK Real Estate industry average (0.4x).


Future Growth

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

16.6%

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 Wang On 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 Wang On Group performed over the past 5 years?

-32.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1222 has a large one-off loss of HK$507.4M impacting its September 30 2021 financial results.

Growing Profit Margin: 1222 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 1222's earnings have declined by 32.4% per year over the past 5 years.

Accelerating Growth: 1222 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 1222 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (23.6%).


Return on Equity

High ROE: 1222's Return on Equity (1.1%) is considered low.


Financial Health

How is Wang On Group's financial position?


Financial Position Analysis

Short Term Liabilities: 1222's short term assets (HK$10.0B) exceed its short term liabilities (HK$5.2B).

Long Term Liabilities: 1222's short term assets (HK$10.0B) exceed its long term liabilities (HK$5.6B).


Debt to Equity History and Analysis

Debt Level: 1222's net debt to equity ratio (54.4%) is considered high.

Reducing Debt: 1222's debt to equity ratio has increased from 50.8% to 75.8% over the past 5 years.

Debt Coverage: 1222's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 1222's interest payments on its debt are not well covered by EBIT (0.5x coverage).


Balance Sheet


Dividend

What is Wang On Group current dividend yield, its reliability and sustainability?

4.11%

Current Dividend Yield


Upcoming Dividend Payment

TodayNov 27 2021Ex Dividend DateDec 20 2021Dividend Pay DateJan 11 202222 days from Ex DividendBuy in the next 22 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 1222's dividend (4.11%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.32%).

High Dividend: 1222's dividend (4.11%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.06%).


Stability and Growth of Payments

Stable Dividend: 1222's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1222's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67.3%), 1222's dividend 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?

2.7yrs

Average management tenure


CEO

Wang On Group has no CEO, or we have no data on them.


Leadership Team

Experienced Management: 1222's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: 1222's board of directors are seasoned and experienced ( 22.6 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

Wang On Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Wang On Group Limited
  • Ticker: 1222
  • Exchange: SEHK
  • Founded: 1987
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: HK$1.091b
  • Shares outstanding: 14.94b
  • Website: https://www.wangon.com

Number of Employees


Location

  • Wang On Group Limited
  • Skyline Tower
  • 32nd Floor, Suite 3202
  • Kowloon Bay
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 10:04
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.