SEHK:123

Stock Analysis Report

Executive Summary

Yuexiu Property Company Limited, together with its subsidiaries, develops, sells, and manages properties primarily in Mainland China and Hong Kong.

Snowflake

Fundamentals

Proven track record average dividend payer.


Similar Companies

Share Price & News

How has Yuexiu Property's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.5%

SEHK:123

2.1%

HK Real Estate

2.5%

HK Market


1 Year Return

29.7%

SEHK:123

-2.8%

HK Real Estate

-3.9%

HK Market

123 outperformed the Real Estate industry which returned -2.8% over the past year.

123 outperformed the Market in Hong Kong which returned -3.9% over the past year.


Share holder returns

123IndustryMarket
7 Day3.5%2.1%2.5%
30 Day1.7%5.3%7.6%
90 Day5.3%-5.8%0.8%
1 Year38.2%29.7%1.3%-2.8%-0.4%-3.9%
3 Year75.5%47.9%37.5%23.3%19.6%7.6%
5 Year49.5%19.3%55.0%28.7%17.7%-1.7%

Price Volatility Vs. Market

How volatile is Yuexiu Property's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Yuexiu Property undervalued based on future cash flows and its price relative to the stock market?

6.37x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Yuexiu Property's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Yuexiu Property's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Yuexiu Property is good value based on earnings compared to the HK Real Estate industry average.

Yuexiu Property is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Yuexiu Property is good value based on expected growth next year.


Price Based on Value of Assets

Yuexiu Property is overvalued based on assets compared to the HK Real Estate industry average.


Next Steps

Future Growth

How is Yuexiu Property expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

10.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Yuexiu Property's revenue is expected to grow by 11.6% yearly, however this is not considered high growth (20% yearly).

Yuexiu Property's earnings are expected to grow by 10.8% yearly, however this is not considered high growth (20% yearly).

Yuexiu Property's revenue growth is expected to exceed the Hong Kong market average.

Yuexiu Property's earnings growth is positive but not above the Hong Kong market average.

Yuexiu Property's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Yuexiu Property performed over the past 5 years?

10.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Yuexiu Property's year on year earnings growth rate has been positive over the past 5 years.

Yuexiu Property's 1-year earnings growth exceeds its 5-year average (32.9% vs 10.1%)

Yuexiu Property's earnings growth has exceeded the HK Real Estate industry average in the past year (32.9% vs -12.4%).


Return on Equity

Yuexiu Property has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Yuexiu Property used its assets less efficiently than the HK Real Estate industry average last year based on Return on Assets.


Return on Capital Employed

Yuexiu Property has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Yuexiu Property's financial position?


Financial Position Analysis

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

Yuexiu Property's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Yuexiu Property's level of debt (125.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (99.3% vs 125.6% today).

Debt is not well covered by operating cash flow (10%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 9.9x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.6x debt.


Next Steps

Dividend

What is Yuexiu Property's current dividend yield, its reliability and sustainability?

5.97%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Yuexiu Property before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Yuexiu Property's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.19%).

Yuexiu Property's dividend is below the markets top 25% of dividend payers in Hong Kong (6.06%).

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 (2.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).


Next Steps

Management

What is the CEO of Yuexiu Property's salary, the management and board of directors tenure and is there insider trading?

2.2yrs

Average management tenure


CEO

Feng Lin (48yo)

1.1yrs

Tenure

CN¥4,139,862

Compensation

Mr. Lin Feng has been an Executive Director, Vice Chairman and General Manager of Yuexiu Property Company Limited since August 14, 2018. Mr. Lin is a director and deputy general manager of Guangzhou City C ...


CEO Compensation Analysis

Feng's remuneration is about average for companies of similar size in Hong Kong.

Insufficient data for Feng to compare compensation growth.


Management Age and Tenure

2.2yrs

Average Tenure

48yo

Average Age

The tenure for the Yuexiu Property management team is about average.


Board Age and Tenure

2.2yrs

Average Tenure

50yo

Average Age

The average tenure for the Yuexiu Property board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Yuexiu Property individual insiders in the past 3 months.


Recent Insider Transactions

BuyCN¥1,258,91802 Jul 19
Zhaoyuan Lin
EntityIndividual
Role
Chairman of the Board
Chairman
Shares730,358
Max PriceCN¥1.72
BuyCN¥1,082,74002 Jul 19
Feng Lin
EntityIndividual
Role
Chief Executive Officer
Vice Chairman & GM
Shares628,149
Max PriceCN¥1.72

Ownership Breakdown


Management Team

  • Tat Fung Yu

    Company Secretary

    • Tenure: 15.7yrs
  • Feng Li (50yo)

    Executive Director

    • Tenure: 5.5yrs
    • Compensation: CN¥3.81m
  • Zhaoyuan Lin (50yo)

    Chairman

    • Tenure: 1.1yrs
    • Compensation: CN¥8.34m
  • Swan Wan

    IR Contact Personnel

    • Tenure: 0yrs
  • Jing Chen (47yo)

    CFO & Executive Director

    • Tenure: 2.2yrs
    • Compensation: CN¥3.81m
  • Feng Lin (48yo)

    Vice Chairman & GM

    • Tenure: 1.1yrs
    • Compensation: CN¥4.14m
  • Yan Liu (40yo)

    Executive Director

    • Tenure: 1.1yrs
    • Compensation: CN¥2.40m

Board Members

  • Ka Lun Lee (64yo)

    Independent Non-Executive Director

    • Tenure: 19.4yrs
    • Compensation: CN¥288.00k
  • Joseph Yu (71yo)

    Independent Non-Executive Director

    • Tenure: 27.7yrs
    • Compensation: CN¥355.00k
  • Ambrose Lau (72yo)

    Independent Non-Executive Director

    • Tenure: 15.7yrs
    • Compensation: CN¥288.00k
  • Feng Li (50yo)

    Executive Director

    • Tenure: 5.5yrs
    • Compensation: CN¥3.81m
  • Zhaoyuan Lin (50yo)

    Chairman

    • Tenure: 1.1yrs
    • Compensation: CN¥8.34m
  • Jing Chen (47yo)

    CFO & Executive Director

    • Tenure: 2.2yrs
    • Compensation: CN¥3.81m
  • Feng Lin (48yo)

    Vice Chairman & GM

    • Tenure: 1.1yrs
    • Compensation: CN¥4.14m
  • Yan Liu (40yo)

    Executive Director

    • Tenure: 1.1yrs
    • Compensation: CN¥2.40m
  • Changcheng Ouyang (49yo)

    Non-Executive Director

    • Tenure: 0.2yrs

Company Information

Yuexiu Property Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yuexiu Property Company Limited
  • Ticker: 123
  • Exchange: SEHK
  • Founded: 1992
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$27.713b
  • Shares outstanding: 15.48b
  • Website: https://www.yuexiuproperty.com

Number of Employees


Location

  • Yuexiu Property Company Limited
  • Yue Xiu Building
  • 26th Floor
  • Wanchai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
YUEX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1993
GUZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1993
123SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1993
123SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1993
123SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1993

Biography

Yuexiu Property Company Limited, together with its subsidiaries, develops, sells, and manages properties primarily in Mainland China and Hong Kong. It operates through Property Development, Property Manage ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 12:39
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
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.