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123

Yuexiu PropertySEHK:123 Stock Report

Market Cap

HK$22.7b

7D

-5.9%

1Y

-10.6%

Updated

18 Oct, 2021

Data

Company Financials +
123 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance5/6
Financial Health3/6
Dividends3/6

123 Overview

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

Yuexiu Property Competitors

Powerlong Real Estate Holdings

SEHK:1238

HK$21.9b

KWG Group Holdings

SEHK:1813

HK$21.6b

Mingfa Group (International)

SEHK:846

HK$11.5b

K. Wah International Holdings

SEHK:173

HK$10.3b

Price History & Performance

Summary of all time highs, changes and price drops for Yuexiu Property
Historical stock prices
Current Share PriceHK$6.88
52 Week HighHK$6.90
52 Week LowHK$9.90
Beta0.71
1 Month Change-5.62%
3 Month Change-12.69%
1 Year Change-10.65%
3 Year Change9.21%
5 Year Change20.70%
Change since IPO2.69%

Recent News & Updates

Oct 04
Is Yuexiu Property (HKG:123) A Risky Investment?

Is Yuexiu Property (HKG:123) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Aug 20
Yuexiu Property (HKG:123) Is Increasing Its Dividend To HK$0.33

Yuexiu Property (HKG:123) Is Increasing Its Dividend To HK$0.33

Yuexiu Property Company Limited ( HKG:123 ) will increase its dividend on the 18th of November to HK$0.33. Based on the...

Shareholder Returns

123HK Real EstateHK Market
7D-5.9%0.03%1.1%
1Y-10.6%-12.5%5.3%

Return vs Industry: 123 exceeded the Hong Kong Real Estate industry which returned -12.5% over the past year.

Return vs Market: 123 underperformed the Hong Kong Market which returned 5.3% over the past year.

Price Volatility

Is 123's price volatile compared to industry and market?
123 volatility
123 Beta0.71
Industry Beta0.85
Market Beta1

Stable Share Price: 123 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 123's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199215,720Feng Linhttps://www.yuexiuproperty.com

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 Management, Property Investment, and Other segments. The company is also involved in holding investment properties.

Yuexiu Property Fundamentals Summary

How do Yuexiu Property's earnings and revenue compare to its market cap?
123 fundamental statistics
Market CapCN¥18.75b
Earnings (TTM)CN¥4.55b
Revenue (TTM)CN¥46.76b

3.9x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
123 income statement (TTM)
RevenueCN¥46.76b
Cost of RevenueCN¥35.29b
Gross ProfitCN¥11.47b
ExpensesCN¥6.92b
EarningsCN¥4.55b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.47
Gross Margin24.53%
Net Profit Margin9.74%
Debt/Equity Ratio119.0%

How did 123 perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

36%

Payout Ratio

Does 123 pay a reliable dividends?

See 123 dividend history and benchmarks
When do you need to buy 123 by to receive an upcoming dividend?
Yuexiu Property dividend dates
Ex Dividend DateOct 18 2021
Dividend Pay DateNov 18 2021
Days until Ex dividend0 days
Days until Dividend pay date31 days

Does 123 pay a reliable dividends?

See 123 dividend history and benchmarks

Valuation

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

40.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 123 (HK$6.88) is trading below our estimate of fair value (HK$11.61)

Significantly Below Fair Value: 123 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 123 is good value based on its PE Ratio (3.9x) compared to the Hong Kong Real Estate industry average (7.4x).

PE vs Market: 123 is good value based on its PE Ratio (3.9x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: 123 is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: 123's PB Ratio (0.4x) is in line with the HK Real Estate industry average.


Future Growth

How is Yuexiu Property forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

13.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 123's forecast earnings growth (13.3% per year) is above the savings rate (1.5%).

Earnings vs Market: 123's earnings (13.3% per year) are forecast to grow slower than the Hong Kong market (17.4% per year).

High Growth Earnings: 123's earnings are forecast to grow, but not significantly.

Revenue vs Market: 123's revenue (16.4% per year) is forecast to grow faster than the Hong Kong market (12.5% per year).

High Growth Revenue: 123's revenue (16.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 123's Return on Equity is forecast to be low in 3 years time (11.3%).


Past Performance

How has Yuexiu Property performed over the past 5 years?

25.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 123 has high quality earnings.

Growing Profit Margin: 123's current net profit margins (9.7%) are higher than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: 123's earnings have grown significantly by 25% per year over the past 5 years.

Accelerating Growth: 123's earnings growth over the past year (26.2%) exceeds its 5-year average (25% per year).

Earnings vs Industry: 123 earnings growth over the past year (26.2%) exceeded the Real Estate industry 23.4%.


Return on Equity

High ROE: 123's Return on Equity (7.3%) is considered low.


Financial Health

How is Yuexiu Property's financial position?


Financial Position Analysis

Short Term Liabilities: 123's short term assets (CN¥245.0B) exceed its short term liabilities (CN¥161.1B).

Long Term Liabilities: 123's short term assets (CN¥245.0B) exceed its long term liabilities (CN¥66.5B).


Debt to Equity History and Analysis

Debt Level: 123's debt to equity ratio (119%) is considered high.

Reducing Debt: 123's debt to equity ratio has increased from 103.2% to 119% over the past 5 years.

Debt Coverage: 123's debt is not well covered by operating cash flow (19.5%).

Interest Coverage: 123's interest payments on its debt are well covered by EBIT (107.4x coverage).


Balance Sheet


Dividend

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

5.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 123's dividend (5.65%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 123's dividend (5.65%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).


Stability and Growth of Payments

Stable Dividend: 123's dividend payments have been volatile in the past 10 years.

Growing Dividend: 123's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.4%), 123's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 123's dividends in 3 years are forecast to be well covered by earnings (40.2% payout ratio).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Feng Lin (50 yo)

3.17yrs

Tenure

CN¥8,737,000

Compensation

Mr. Feng Lin is Non-Executive Chairman of Yuexiu Services Group Limited since February 1, 2021 and its Director since January 27, 2021. He has been an Executive Director, Vice Chairman and General Manager...


CEO Compensation Analysis

Compensation vs Market: Feng's total compensation ($USD1.36M) is above average for companies of similar size in the Hong Kong market ($USD689.07K).

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


Leadership Team

Experienced Management: 123's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: 123's board of directors are considered experienced (4.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Yuexiu Property Company Limited's 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$22.666b
  • Shares outstanding: 3.10b
  • Website: https://www.yuexiuproperty.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 10:03
End of Day Share Price2021/10/18 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.