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Beijing Capital Grand

SEHK:1329
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1329
SEHK
HK$4B
Market Cap
  1. Home
  2. HK
  3. Real Estate
Company description

Beijing Capital Grand Limited, an investment holding company, engages in the outlets-backed integrated property, and commercial property development and operation business in the People's Republic of China. The last earnings update was 5 days ago. More info.


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  • Beijing Capital Grand has significant price volatility in the past 3 months.
1329 Share Price and Events
7 Day Returns
-1.4%
SEHK:1329
3.5%
HK Real Estate
0.5%
HK Market
1 Year Returns
-30%
SEHK:1329
-2%
HK Real Estate
-6.7%
HK Market
1329 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Beijing Capital Grand (1329) -1.4% -17.2% -12.5% -30% -45.1% -49.1%
HK Real Estate 3.5% 5.6% 17.8% -2% 56.3% 59.4%
HK Market 0.5% 2.3% 13.6% -6.7% 30.3% 18.8%
1 Year Return vs Industry and Market
  • 1329 underperformed the Real Estate industry which returned -2% over the past year.
  • 1329 underperformed the Market in Hong Kong which returned -6.7% over the past year.
Price Volatility
1329
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Beijing Capital Grand's competitors could be found in our database.

Value

 Is Beijing Capital Grand 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 Beijing Capital Grand 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 Beijing Capital Grand.

SEHK:1329 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 13.9%
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:1329
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.092 (1 + (1- 25%) (275.73%))
2.574
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 5.96%)
13.92%

Discounted Cash Flow Calculation for SEHK:1329 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Beijing Capital Grand 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:1329 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 13.92%)
2019 1,010.05 Est @ 105.65% 886.61
2020 1,763.13 Est @ 74.56% 1,358.51
2021 2,693.92 Est @ 52.79% 1,822.01
2022 3,705.64 Est @ 37.56% 2,199.97
2023 4,702.07 Est @ 26.89% 2,450.37
2024 5,615.38 Est @ 19.42% 2,568.69
2025 6,412.63 Est @ 14.2% 2,574.87
2026 7,088.46 Est @ 10.54% 2,498.39
2027 7,654.00 Est @ 7.98% 2,368.02
2028 8,127.45 Est @ 6.19% 2,207.19
Present value of next 10 years cash flows CN¥20,934.64
SEHK:1329 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥8,127.45 × (1 + 2%) ÷ (13.92% – 2%)
CN¥69,549.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥69,549.02 ÷ (1 + 13.92%)10
CN¥18,887.61
SEHK:1329 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥20,934.64 + CN¥18,887.61
CN¥39,822.24
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥39,822.24 / 2,547.65
CN¥15.63
SEHK:1329 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1329)
1.168
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥15.63 x 1.168
HK$18.26
Value per share (HKD) From above. HK$18.26
Current discount Discount to share price of HK$1.40
= -1 x (HK$1.40 - HK$18.26) / HK$18.26
92.3%

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

Current Discount
Amount off the current price Beijing Capital Grand is available for.
Intrinsic value
>50%
Share price is HK$1.4 vs Future cash flow value of HK$18.26
Current Discount Checks
For Beijing Capital Grand to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Beijing Capital Grand's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Beijing Capital Grand's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Beijing Capital Grand's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Beijing Capital Grand's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1329 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-0.08
SEHK:1329 Share Price ** SEHK (2019-03-22) in HKD HK$1.4
SEHK:1329 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.856 CN¥1.2
Hong Kong Real Estate Industry PE Ratio Median Figure of 189 Publicly-Listed Real Estate Companies 6.37x
Hong Kong Market PE Ratio Median Figure of 1,498 Publicly-Listed Companies 10.75x

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

** Primary Listing of Beijing Capital Grand.

SEHK:1329 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1329 Share Price ÷ EPS (both in CNY)

= 1.2 ÷ -0.08

-15.44x

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

  • Beijing Capital Grand is loss making, we can't compare its value to the HK Real Estate industry average.
  • Beijing Capital Grand is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Beijing Capital Grand's expected growth come at a high price?
Raw Data
SEHK:1329 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -15.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
40.6%per year
Hong Kong Real Estate Industry PEG Ratio Median Figure of 58 Publicly-Listed Real Estate Companies 0.28x
Hong Kong Market PEG Ratio Median Figure of 471 Publicly-Listed Companies 0.81x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Beijing Capital Grand, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Beijing Capital Grand's assets?
Raw Data
SEHK:1329 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥2.14
SEHK:1329 Share Price * SEHK (2019-03-22) in HKD HK$1.4
SEHK:1329 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.856 CN¥1.2
Hong Kong Real Estate Industry PB Ratio Median Figure of 228 Publicly-Listed Real Estate Companies 0.6x
Hong Kong Market PB Ratio Median Figure of 2,139 Publicly-Listed Companies 0.99x
SEHK:1329 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1329 Share Price ÷ Book Value per Share (both in CNY)

= 1.2 ÷ 2.14

0.56x

* Primary Listing of Beijing Capital Grand.

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

  • Beijing Capital Grand is good value based on assets compared to the HK Real Estate industry average.
X
Value checks
We assess Beijing Capital Grand'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. Beijing Capital Grand has a total score of 3/6, 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 Beijing Capital Grand expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Beijing Capital Grand, future earnings growth has been estimated based on fundamentals.
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
40.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Beijing Capital Grand expected to grow at an attractive rate?
  • Beijing Capital Grand's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Beijing Capital Grand's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Beijing Capital Grand's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1329 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1329 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 40.6%
Hong Kong Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4.3%
Hong Kong Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 16.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*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:1329 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1329 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:1329 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,224 518 -198
2018-09-30 913 655 -40
2018-06-30 603 792 117
2018-03-31 557 402 115
2017-12-31 512 11 113
2017-09-30 775 -364 109
2017-06-30 1,039 -739 106
2017-03-31 1,018 -577 167
2016-12-31 998 -415 227
2016-09-30 788 158
2016-06-30 870 -245 459
2016-03-31 848 -352 535

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Beijing Capital Grand's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Beijing Capital Grand is high growth as no revenue estimate data is available.
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:1329 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Beijing Capital Grand Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1329 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:1329 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -0.08
2018-09-30 -0.02
2018-06-30 0.05
2018-03-31 0.05
2017-12-31 0.04
2017-09-30 0.05
2017-06-30 0.06
2017-03-31 0.12
2016-12-31 0.23
2016-09-30 0.27
2016-06-30 0.36
2016-03-31 0.50

*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 Beijing Capital Grand will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Beijing Capital Grand'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.
Beijing Capital Grand 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 Beijing Capital Grand 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 Beijing Capital Grand'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.
  • Beijing Capital Grand does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Beijing Capital Grand's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Beijing Capital Grand's 1-year growth to the HK Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
Beijing Capital Grand'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 Beijing Capital Grand Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1329 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,224.04 -197.70 460.62
2018-09-30 913.33 -40.45 407.21
2018-06-30 602.62 116.80 353.81
2018-03-31 557.07 114.98 306.89
2017-12-31 511.52 113.16 259.97
2017-09-30 775.08 109.44 244.37
2017-06-30 1,038.63 105.73 228.77
2017-03-31 1,018.28 166.50 226.76
2016-12-31 997.93 227.27 224.76
2016-09-30 788.13 157.90 134.78
2016-06-30 869.77 459.40 291.37
2016-03-31 847.66 535.48 248.34
2015-12-31 825.55 611.56 205.32
2015-06-30 215.23 249.94 15.31
2015-03-31 107.61 106.01 11.14
2014-12-31 -37.93 6.98
2014-09-30 208.60 -8.91 18.60
2014-06-30 238.84 -3.27 17.32
2014-03-31 -9.09 9.09
2013-12-31 231.65 3.70 14.15
2013-09-30 206.73 5.02 13.10
2013-06-30 203.66 6.50 14.14
2013-03-31 202.13 8.06 15.31
2012-12-31 228.34 10.75 14.13
2012-09-30 255.76 13.51 13.00
2012-06-30 249.87 15.12 10.67
2012-03-31 238.95 16.43 8.12

*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.
  • It is difficult to establish if Beijing Capital Grand has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Beijing Capital Grand has efficiently used its assets last year compared to the HK Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Beijing Capital Grand 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 Beijing Capital Grand'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.
Beijing Capital Grand has a total score of 0/6, 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 Beijing Capital Grand'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 Beijing Capital Grand's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Beijing Capital Grand is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Beijing Capital Grand's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Beijing Capital Grand'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x 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 Beijing Capital Grand Company Filings, last reported 2 months ago.

SEHK:1329 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,510.85 8,417.66 3,408.49
2018-09-30 5,510.85 8,417.66 3,408.49
2018-06-30 5,756.05 6,839.59 3,477.36
2018-03-31 5,756.05 6,839.59 3,477.36
2017-12-31 5,691.87 4,503.27 1,793.20
2017-09-30 5,691.87 4,503.27 1,793.20
2017-06-30 5,586.35 3,011.87 708.95
2017-03-31 5,586.35 3,011.87 708.95
2016-12-31 5,577.06 2,915.52 1,910.59
2016-09-30 5,577.06 2,915.52 1,910.59
2016-06-30 2,039.82 1,294.20 1,111.08
2016-03-31 2,039.82 1,294.20 1,111.08
2015-12-31 3,135.90 2,572.92 1,798.52
2015-06-30 1,951.14 134.00 1,197.45
2015-03-31 1,951.14 134.00 1,197.45
2014-12-31 106.21 12.07 145.71
2014-09-30 143.57 51.97 45.38
2014-06-30 145.72 52.75 46.06
2014-03-31 154.84 40.00 19.38
2013-12-31 152.04 39.28 18.65
2013-09-30 151.96 44.67 27.41
2013-06-30 152.46 44.82 27.50
2013-03-31 150.86 44.53 30.00
2012-12-31 151.53 44.73 30.14
2012-09-30 146.94 49.63 56.19
2012-06-30 148.50 50.16 56.79
2012-03-31 112.80 49.81 36.32
  • Beijing Capital Grand's level of debt (152.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (25.8% vs 152.7% today).
  • Debt is not well covered by operating cash flow (6.2%, less than 20% of total debt).
  • Beijing Capital Grand is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Beijing Capital Grand'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. Beijing Capital Grand has a total score of 1/6, 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 Beijing Capital Grand'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 Beijing Capital Grand dividends.
If you bought HK$2,000 of Beijing Capital Grand 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 Beijing Capital Grand's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Beijing Capital Grand'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:1329 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 0 Analyst Estimates (S&P Global) See Below
Hong Kong Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 136 Stocks 3.9%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 926 Stocks 3.5%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

SEHK:1329 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Beijing Capital Grand has not reported any payouts.
  • Unable to verify if Beijing Capital Grand's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Beijing Capital Grand's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Beijing Capital Grand 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 Beijing Capital Grand's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Beijing Capital Grand afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Beijing Capital Grand 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 Beijing Capital Grand'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
Yujian Feng
AGE 44
TENURE AS CEO 2.2 years
CEO Bio

Mr. Feng Yujian has been Chief Executive Officer and Executive Director at Beijing Capital Juda Limited since January 24, 2017. Mr. Feng served as Vice President of Beijing Capital Juda Limited since March 2015. He joined BCL and served as securities business manager in Business Development Department in March 2003, Assistant General Manager of Strategic Development Centre from April 2008 to January 2010, General Manager of Capital Management Centre from January 2010 to July 2014 and General Manager and Investment Relationship Director of BCL Hong Kong Office in August 2012. Prior joining BCL, Mr. Feng was a Senior Analyst in Foshan Securities Co., Ltd., an analyst in Beijing Xinminsheng Financial Advisory Co., Ltd and a securities trader in Zhejiang Jinma Property Development Co., Ltd. He serves as a Director of subsidiaries of Beijing Capital Juda Limited. Mr. Feng obtained a Bachelor Degree in Economics at Chinese Renmin University in July 1994 and Beijing International MBA (BiMBA) at Peking University in February 2003.

CEO Compensation
  • Insufficient data for Yujian to compare compensation growth.
  • Insufficient data for Yujian to establish whether their remuneration is reasonable compared to companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Beijing Capital Grand management team in years:

2.2
Average Tenure
41
Average Age
  • The tenure for the Beijing Capital Grand management team is about average.
Management Team

Beichen Zhong

TITLE
Chairman of the Board
COMPENSATION
CN¥2M
AGE
44

Yujian Feng

TITLE
Chief Executive Officer and Executive Director
AGE
44
TENURE
2.2 yrs

Chi Chao

TITLE
Chief Finance Officer
AGE
38
TENURE
1.4 yrs

Sze Wai Lee

TITLE
Company Secretary
AGE
35
TENURE
3.4 yrs
Board of Directors Tenure

Average tenure and age of the Beijing Capital Grand board of directors in years:

2.2
Average Tenure
44
Average Age
  • The average tenure for the Beijing Capital Grand board of directors is less than 3 years, this suggests a new board.
Board of Directors

Beichen Zhong

TITLE
Chairman of the Board
COMPENSATION
CN¥2M
AGE
44
TENURE
2.2 yrs

Yujian Feng

TITLE
Chief Executive Officer and Executive Director
AGE
44
TENURE
2.2 yrs

Maurice Ngai

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥163K
AGE
56
TENURE
5.3 yrs

Yuhong Zhao

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥163K
AGE
50
TENURE
5.3 yrs

Xiaofeng He

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥163K
AGE
63
TENURE
5.3 yrs

Honghui Wang

TITLE
Non Executive Director
AGE
39
TENURE
2.3 yrs

Paul Yang

TITLE
Non-Executive Director
AGE
49
TENURE
1.1 yrs

Hao Wang

TITLE
Non-Executive Director
AGE
35
TENURE
0.8 yrs

Qin Yi

TITLE
Non-Executive Director
AGE
39
TENURE
0.3 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$) Value (HK$)
X
Management checks
We assess Beijing Capital Grand'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. Beijing Capital Grand 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

What Does Beijing Capital Grand Limited's (HKG:1329) P/E Ratio Tell You?

We'll show how you can use Beijing Capital Grand Limited's (HKG:1329) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) … P/E of 33.66 = CN¥1.54 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.046

Simply Wall St -

Where Beijing Capital Grand Limited (HKG:1329) Stands In Terms Of Earnings Growth Against Its Industry

When Beijing Capital Grand Limited (HKG:1329) released its most recent earnings update (30 June 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Beijing Capital Grand's average earnings over the past couple of years, and its industry performance. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 24%, indicating the rate at which 1329 is growing has slowed down

Simply Wall St -

Why Beijing Capital Grand Limited (HKG:1329) Delivered An Inferior ROE Compared To The Industry

Over the last twelve months Beijing Capital Grand has recorded a ROE of 2.0%. … One way to conceptualize this, is that for each HK$1 of shareholders' equity it has, the company made HK$0.020 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Does Beijing Capital Grand Limited's (HKG:1329) PE Ratio Tell You?

Beijing Capital Grand Limited (HKG:1329) trades with a trailing P/E of 34.5x, which is higher than the industry average of 6.5x. … While this makes 1329 appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … View our latest analysis for Beijing Capital Grand

Simply Wall St -

Beijing Capital Grand Limited (HKG:1329): Can It Deliver A Superior ROE To The Industry?

and want to begin learning the link between Beijing Capital Grand Limited (HKG:1329)’s return fundamentals and stock market performance. … Beijing Capital Grand Limited (HKG:1329) delivered a less impressive 1.99% ROE over the past year, compared to the 9.52% return generated by its industry. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into 1329's past performance

Simply Wall St -

Company Info

Description

Beijing Capital Grand Limited, an investment holding company, engages in the outlets-backed integrated property, and commercial property development and operation business in the People's Republic of China. It develops residential/commercial/office buildings; and operates outlets-backed integrated properties. The company was formerly known as Beijing Capital Juda Limited and changed its name to Beijing Capital Grand Limited in June 2017. The company is headquartered in Beijing, China. Beijing Capital Grand Limited is a subsidiary of BECL Investment Holding Limited.

Details
Name: Beijing Capital Grand Limited
1329
Exchange: SEHK
Founded:
HK$3,566,713,470
2,547,652,479
Website: http://www.bcgrand.com
Address: Beijing Capital Grand Limited
Building 18,
No. 6 Langjiayuan Tonghuihe North Road,
Beijing,
100022,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1329 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Apr 2012
Number of employees
Current staff
Staff numbers
1,076
Beijing Capital Grand employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 12:51
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2018/02/26
Last earnings filing: 2019/03/18
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.