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Guangdong Land Holdings

SEHK:124
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
124
SEHK
HK$3B
Market Cap
  1. Home
  2. HK
  3. Real Estate
Company description

Guangdong Land Holdings Limited, an investment holding company, invests in and develops properties primarily in Mainland China. The last earnings update was 29 days ago. More info.


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  • Guangdong Land Holdings has significant price volatility in the past 3 months.
124 Share Price and Events
7 Day Returns
-1.3%
SEHK:124
-2.1%
HK Real Estate
-2.2%
HK Market
1 Year Returns
-22.5%
SEHK:124
-9.9%
HK Real Estate
-15.4%
HK Market
124 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Guangdong Land Holdings (124) -1.3% -10.3% -17.8% -22.5% -34.8% 3.5%
HK Real Estate -2.1% -8% -1.3% -9.9% 52.1% 47.3%
HK Market -2.2% -9.5% -6% -15.4% 22% 6.7%
1 Year Return vs Industry and Market
  • 124 underperformed the Real Estate industry which returned -9.9% over the past year.
  • 124 underperformed the Market in Hong Kong which returned -15.4% over the past year.
Price Volatility
124
Industry
5yr Volatility vs Market

Value

 Is Guangdong Land Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Guangdong Land Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Guangdong Land Holdings.

SEHK:124 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.9%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:124
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.985 (1 + (1- 25%) (99.17%))
1.481
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.48
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.481 * 6.65%)
11.85%

Discounted Cash Flow Calculation for SEHK:124 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Guangdong Land Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:124 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 11.85%)
2019 114.17 Est @ 40.03% 102.07
2020 146.85 Est @ 28.62% 117.38
2021 177.15 Est @ 20.64% 126.60
2022 203.80 Est @ 15.05% 130.21
2023 226.49 Est @ 11.13% 129.38
2024 245.50 Est @ 8.39% 125.38
2025 261.40 Est @ 6.48% 119.36
2026 274.83 Est @ 5.13% 112.19
2027 286.36 Est @ 4.2% 104.51
2028 296.49 Est @ 3.54% 96.74
Present value of next 10 years cash flows HK$1,163.81
SEHK:124 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$296.49 × (1 + 2%) ÷ (11.85% – 2%)
HK$3,071.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$3,071.01 ÷ (1 + 11.85%)10
HK$1,002.06
SEHK:124 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$1,163.81 + HK$1,002.06
HK$2,165.87
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$2,165.87 / 1,711.54
HK$1.27
SEHK:124 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$1.27
Current discount Discount to share price of HK$1.48
= -1 x (HK$1.48 - HK$1.27) / HK$1.27
-17%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Guangdong Land Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Guangdong Land Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Guangdong Land Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:124 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.13
SEHK:124 Share Price ** SEHK (2019-05-22) in HKD HK$1.48
Hong Kong Real Estate Industry PE Ratio Median Figure of 186 Publicly-Listed Real Estate Companies 6.25x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 11.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Guangdong Land Holdings.

SEHK:124 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:124 Share Price ÷ EPS (both in HKD)

= 1.48 ÷ 0.13

11.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Guangdong Land Holdings is overvalued based on earnings compared to the HK Real Estate industry average.
  • Guangdong Land Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Guangdong Land Holdings's expected growth come at a high price?
Raw Data
SEHK:124 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
20.5%per year
Hong Kong Real Estate Industry PEG Ratio Median Figure of 58 Publicly-Listed Real Estate Companies 0.27x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

SEHK:124 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.3x ÷ 20.5%

0.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Guangdong Land Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Guangdong Land Holdings's assets?
Raw Data
SEHK:124 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$2.65
SEHK:124 Share Price * SEHK (2019-05-22) in HKD HK$1.48
Hong Kong Real Estate Industry PB Ratio Median Figure of 229 Publicly-Listed Real Estate Companies 0.57x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.97x
SEHK:124 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:124 Share Price ÷ Book Value per Share (both in HKD)

= 1.48 ÷ 2.65

0.56x

* Primary Listing of Guangdong Land Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Guangdong Land Holdings is good value based on assets compared to the HK Real Estate industry average.
X
Value checks
We assess Guangdong Land Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Guangdong Land Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Guangdong Land Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Guangdong Land Holdings expected to grow at an attractive rate?
  • Guangdong Land Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Guangdong Land Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Guangdong Land Holdings's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:124 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:124 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 20.5%
SEHK:124 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.6%
Hong Kong Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
Hong Kong Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 16%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:124 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:124 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,898 1,178 1
2022-12-31 2,803 1,730 1
2021-12-31 5,323 2,817 1
2020-12-31 4,136 1,699 1
2019-12-31 3,541 457 1
SEHK:124 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 312 83 224
2018-09-30 186 245
2018-06-30 169 -407 112
2018-03-31 169 43
2017-12-31 187 -608 49
2017-09-30 59 3
2017-06-30 465 -227 27
2017-03-31 857 8
2016-12-31 1,092 -278 18
2016-09-30 1,922 -21
2016-06-30 1,513 -197 -170
2016-03-31 1,119 174

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Guangdong Land Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Guangdong Land Holdings's revenue is expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:124 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Guangdong Land Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:124 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.69 0.69 0.69 1.00
2022-12-31 1.01 1.01 1.01 1.00
2021-12-31 1.65 1.65 1.65 1.00
2020-12-31 0.99 0.99 0.99 1.00
2019-12-31 0.27 0.27 0.27 1.00
SEHK:124 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.13
2018-09-30
2018-06-30 0.07
2018-03-31
2017-12-31 0.03
2017-09-30
2017-06-30 0.02
2017-03-31
2016-12-31 0.01
2016-09-30
2016-06-30 -0.10
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Guangdong Land Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Guangdong Land Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Guangdong Land Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Guangdong Land Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Guangdong Land Holdings's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Guangdong Land Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Guangdong Land Holdings's 1-year earnings growth exceeds its 5-year average (355% vs -3.5%)
  • Guangdong Land Holdings's earnings growth has exceeded the HK Real Estate industry average in the past year (355% vs 6.9%).
Earnings and Revenue History
Guangdong Land Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Guangdong Land Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:124 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 312.42 224.26 125.20
2018-09-30 186.48 244.92 81.94
2018-06-30 169.32 111.94 92.57
2018-03-31 169.44 42.90 81.94
2017-12-31 186.69 49.29 87.30
2017-09-30 59.08 2.86 86.28
2017-06-30 464.74 27.05 75.64
2017-03-31 857.30 8.33 86.28
2016-12-31 1,091.94 17.73 86.28
2016-09-30 1,921.91 -20.73 79.60
2016-06-30 1,512.70 -170.05 91.24
2016-03-31 1,119.34 174.14 79.60
2015-12-31 857.94 174.77 79.60
2015-09-30 1.14 212.53 24.54
2015-06-30 2.05 345.12 86.16
2015-03-31 2.74 62.75 71.93
2014-12-31 3.42 81.77 94.78
2014-06-30 -801.98 192.97 -128.53
2014-03-31 -400.99 110.03 -49.52
2013-12-31 27.09 29.50
2013-06-30 34.92 9.04 30.14
2013-03-31 17.46 5.23 22.45
2012-12-31 1.42 14.77
2012-09-30 1,591.82 -118.38 369.82
2012-06-30 1,634.51 -68.28 376.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Guangdong Land Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Guangdong Land Holdings used its assets less efficiently than the HK Real Estate industry average last year based on Return on Assets.
  • It is difficult to establish if Guangdong Land Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Guangdong Land Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Guangdong Land Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Guangdong Land Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Guangdong Land Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Guangdong Land Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Guangdong Land Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Guangdong Land Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Guangdong Land Holdings Company Filings, last reported 4 months ago.

SEHK:124 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,660.02 2,512.00 835.58
2018-09-30 4,699.85 0.00 1,649.74
2018-06-30 4,699.85 0.00 1,649.74
2018-03-31 4,676.65 0.00 602.75
2017-12-31 4,676.65 0.00 602.75
2017-09-30 4,462.93 0.00 642.96
2017-06-30 4,462.93 0.00 642.96
2017-03-31 4,333.43 0.00 2,402.84
2016-12-31 4,333.43 0.00 2,402.84
2016-09-30 4,509.19 0.00 2,561.56
2016-06-30 4,509.19 0.00 2,561.56
2016-03-31 4,609.81 0.00 3,209.73
2015-12-31 4,609.81 0.00 3,209.73
2015-09-30
2015-06-30 4,810.69 268.76 3,324.53
2015-03-31
2014-12-31 4,337.79 0.00 3,831.58
2014-06-30 4,325.24 0.00 3,060.35
2014-03-31 4,325.24 0.00 3,060.35
2013-12-31 4,258.58 0.00 2,409.21
2013-06-30 2,908.44 62.77 405.94
2013-03-31 2,908.44 62.77 405.94
2012-12-31 2,951.78 0.00 187.04
2012-09-30 2,951.78 0.00 187.04
2012-06-30 3,003.51 24.53 952.95
  • Guangdong Land Holdings's level of debt (53.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 53.9% today).
  • Debt is not well covered by operating cash flow (3.3%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Guangdong Land Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Guangdong Land Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Guangdong Land Holdings has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Guangdong Land Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Guangdong Land Holdings dividends.
If you bought HK$2,000 of Guangdong Land Holdings shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Guangdong Land Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Guangdong Land Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:124 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Hong Kong Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 143 Stocks 4.1%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:124 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
SEHK:124 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2013-09-17 0.000 0.000
2013-08-27 0.000 0.000
2013-04-03 0.000 0.000
2013-03-20 0.000 0.000
2012-03-08 0.010 0.375
2011-03-15 0.010 0.463

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Guangdong Land Holdings has not reported any payouts.
  • Unable to verify if Guangdong Land Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Guangdong Land Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Guangdong Land Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Guangdong Land Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Guangdong Land Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Guangdong Land Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Guangdong Land Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chunxiao Zhao
COMPENSATION HK$0
AGE 48
TENURE AS CEO 2.8 years
CEO Bio

Ms. Chunxiao Zhao serves as Deputy General Manager and Secretary at Guangdong Holdings Limited. Ms. Zhao serves as the Chief Administration Officer, Company Secretary and Executive Director of GDH Limited (also known as GDH). Ms. Zhao has been the Chief Executive Officer of Guangdong Land Holdings Limited since August 25, 2016. She serves as Secretary of the Board of Guangdong Holdings Limited. She has been an Executive Director at Guangdong Land Holdings Limited since December 18, 2014. She has been Deputy General Manager of the Administration Department of GDH Limited and Guangdong Holdings Limited since December 2008 and January 2009, respectively. She was appointed the General Manager of the Administration Department of Guangdong Holdings and GDH and also Company Secretary of GDH in December 2009. She was appointed the Chief Administration Officer of both of Guangdong Holdings and GDH in December 2010. She was appointed as Deputy General Manager of Guangdong Holdings and an Executive Director of GDH in May 2012. From 1994 to 2002, she worked for the Guangdong Branch of Xinhua News Agency as Director of the Finance Office/Economics Office and also Director of the Featured News Division. From 2003 to 2008, she held a number of positions in Asia Television Limited including Director of Information Division of News and Public Relations Department and Assistant Vice President. She has been a Non-Executive Director of Guangdong Investment Ltd. since August 30, 2011. Ms. Zhao graduated from Liaoning Normal University (Faculty of Chinese Studies) with BA and the School of China Journalism and Communication (major in Domestic News) with Bachelor’s degree.

CEO Compensation
  • Insufficient data for Chunxiao to compare compensation growth.
  • Chunxiao's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team

Chunxiao Zhao

TITLE
CEO & Executive Director
AGE
48
TENURE
2.8 yrs

Wai Keung Li

TITLE
Company Secretary & Executive Director
AGE
61

Mingchang Wu

TITLE
Executive Director
AGE
53

Yi Zeng

TITLE
Executive Director
AGE
40

Jun Zhang

TITLE
Chief Financial Officer
AGE
47
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Guangdong Land Holdings board of directors in years:

8
Average Tenure
60
Average Age
  • The tenure for the Guangdong Land Holdings board of directors is about average.
Board of Directors

Xiaofeng Huang

TITLE
Chairman of the Board
AGE
59
TENURE
8.5 yrs

Chunxiao Zhao

TITLE
CEO & Executive Director
AGE
48
TENURE
4.4 yrs

Wai Keung Li

TITLE
Company Secretary & Executive Director
AGE
61
TENURE
7.6 yrs

Mingchang Wu

TITLE
Executive Director
AGE
53
TENURE
3.2 yrs

Yi Zeng

TITLE
Executive Director
AGE
40
TENURE
2.6 yrs

Felix Fong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$560K
AGE
67
TENURE
12.3 yrs

Vincent Marshall Lee

TITLE
Independent Non-Executive Director
COMPENSATION
HK$560K
AGE
62
TENURE
10.2 yrs

Alan Smith

TITLE
Independent Non-Executive Director
COMPENSATION
HK$520K
AGE
74
TENURE
20.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
30. May 18 Buy Kwan Ho Lee Individual 28. May 18 28. May 18 254,000 HK$2.01 HK$509,829
30. May 18 Buy Kwan Ho Lee Individual 24. May 18 24. May 18 676,000 HK$1.87 HK$1,267,434
X
Management checks
We assess Guangdong Land Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Guangdong Land Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Have Insiders Been Buying Guangdong Land Holdings Limited (HKG:124) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Guangdong Land Holdings Limited (HKG:124). … View our latest analysis for Guangdong Land Holdings The Last 12 Months Of Insider Transactions At Guangdong Land Holdings Independent Non-Executive Director Kwan Ho Lee made the biggest insider purchase in the last 12 months. … The transactions are fine but it'd be more encouraging if Guangdong Land Holdings insiders bought more shares in the company.

Simply Wall St -

Should You Be Tempted To Sell Guangdong Land Holdings Limited (HKG:124) Because Of Its P/E Ratio?

To keep it practical, we'll show how Guangdong Land Holdings Limited's (HKG:124) P/E ratio could help you assess the value on offer. … What is Guangdong Land Holdings's P/E ratio? … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Be Holding Guangdong Land Holdings Limited (HKG:124)?

Guangdong Land Holdings Limited (HKG:124) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of 124, it

Simply Wall St -

Is Guangdong Land Holdings Limited (HKG:124) Undervalued?

Guangdong Land Holdings Limited (HKG:124), a real estate company based in Hong Kong,. … As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Let’s examine Guangdong Land Holdings’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

With An ROE Of 0.97%, Can Guangdong Land Holdings Limited (HKG:124) Catch Up To The Industry?

and looking to gauge the potential return on investment in Guangdong Land Holdings Limited (HKG:124). … Guangdong Land Holdings Limited (HKG:124) delivered a less impressive 0.97% ROE over the past year, compared to the 9.52% return generated by its industry. … Return on Equity (ROE) is a measure of Guangdong Land Holdings’s profit relative to its shareholders’ equity.

Simply Wall St -

February Growth Stock Opportunities

Guangdong Land Holdings Limited (SEHK:124) Guangdong Land Holdings Limited, an investment holding company, invests in and develops properties primarily in Mainland China. … Ltd., an investment holding company, engages in property development, investment, and management businesses in China. … SEHK:960 Future Profit Feb 23rd 18 Yuzhou Properties Company Limited (SEHK:1628) Yuzhou Properties Company Limited, an investment holding company, engages in the investment, development, and management of real estate properties.

Simply Wall St -

Company Info

Description

Guangdong Land Holdings Limited, an investment holding company, invests in and develops properties primarily in Mainland China. The company was formerly known as Kingway Brewery Holdings Limited and changed its name to Guangdong Land Holdings Limited in September 2013. The company is headquartered in Central, Hong Kong and is considered as a Red Chip company due to its listing on the Hong Kong Stock Exchange. Guangdong Land Holdings Ltd. is a subsidiary of Guangdong Investment Limited.

Details
Name: Guangdong Land Holdings Limited
124
Exchange: SEHK
Founded:
HK$2,533,074,538
1,711,536,850
Website: http://www.gdland.com.hk
Address: Guangdong Land Holdings Limited
Guangdong Investment Tower,
18th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 124 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 12. Aug 1997
DB GUW Ordinary Shares Deutsche Boerse AG DE EUR 12. Aug 1997
Number of employees
Current staff
Staff numbers
261
Guangdong Land Holdings employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 12:38
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/04/30
Last earnings filing: 2019/04/24
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.