Red Star Macalline Group
Market Cap
HK$38.1b
Last Updated
2020/02/16 13:05 UTC
Data Sources
Company Financials +
Executive Summary
Red Star Macalline Group Corporation Ltd.
Rewards
Risk Analysis
Snowflake Analysis
Good value with moderate growth potential.
Share Price & News
How has Red Star Macalline Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1528 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.2%
1528
5.1%
HK Real Estate
1.7%
HK Market
1 Year Return
-20.7%
1528
-1.9%
HK Real Estate
-2.9%
HK Market
Return vs Industry: 1528 underperformed the Hong Kong Real Estate industry which returned -1.9% over the past year.
Return vs Market: 1528 underperformed the Hong Kong Market which returned -2.9% over the past year.
Shareholder returns
| 1528 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 5.1% | 1.7% |
| 30 Day | -12.3% | -4.6% | -4.8% |
| 90 Day | -9.0% | 5.5% | 3.4% |
| 1 Year | -17.0%-20.7% | 2.5%-1.9% | 0.7%-2.9% |
| 3 Year | -14.5%-25.7% | 46.7%31.0% | 15.3%3.6% |
| 5 Year | n/a | 66.8%36.6% | 15.9%-3.5% |
Price Volatility Vs. Market
How volatile is Red Star Macalline Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Why Red Star Macalline Group Corporation Ltd.'s (HKG:1528) CEO Pay Matters To You4 weeks ago | Simply Wall St
These 4 Measures Indicate That Red Star Macalline Group (HKG:1528) Is Using Debt Extensively1 month ago | Simply Wall St
Does Red Star Macalline Group's (HKG:1528) Statutory Profit Adequately Reflect Its Underlying Profit?Valuation
Is Red Star Macalline Group undervalued compared to its fair value and its price relative to the market?
4.56x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1528 (HK$5.9) is trading above our estimate of fair value (HK$4.33)
Significantly Below Fair Value: 1528 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 1528 is good value based on its PE Ratio (4.6x) compared to the Real Estate industry average (6.8x).
PE vs Market: 1528 is good value based on its PE Ratio (4.6x) compared to the Hong Kong market (10.1x).
Price to Earnings Growth Ratio
PEG Ratio: 1528 is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: 1528 is good value based on its PB Ratio (0.4x) compared to the HK Real Estate industry average (0.5x).
Next Steps
Future Growth
How is Red Star Macalline Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
15.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1528's forecast earnings growth (15.1% per year) is above the savings rate (1.6%).
Earnings vs Market: 1528's earnings (15.1% per year) are forecast to grow faster than the Hong Kong market (11.7% per year).
High Growth Earnings: 1528's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1528's revenue (13.6% per year) is forecast to grow faster than the Hong Kong market (10.5% per year).
High Growth Revenue: 1528's revenue (13.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1528's Return on Equity is forecast to be low in 3 years time (10.2%).
Next Steps
Past Performance
How has Red Star Macalline Group performed over the past 5 years?
2.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1528 has a large one-off gain of CN¥1.2B impacting its September 30 2019 financial results.
Growing Profit Margin: 1528's current net profit margins (25.5%) are lower than last year (40.8%).
Past Earnings Growth Analysis
Earnings Trend: 1528's earnings have grown by 2.9% per year over the past 5 years.
Accelerating Growth: 1528's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1528 had negative earnings growth (-24%) over the past year, making it difficult to compare to the Real Estate industry average (-9.7%).
Return on Equity
High ROE: 1528's Return on Equity (9.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Red Star Macalline Group's financial position?
Financial Position Analysis
Short Term Liabilities: 1528's short term assets (CN¥15.8B) do not cover its short term liabilities (CN¥24.8B).
Long Term Liabilities: 1528's short term assets (CN¥15.8B) do not cover its long term liabilities (CN¥49.2B).
Debt to Equity History and Analysis
Debt Level: 1528's debt to equity ratio (92.4%) is considered high.
Reducing Debt: 1528's debt to equity ratio has reduced from 179.1% to 92.4% over the past 5 years.
Debt Coverage: 1528's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: 1528's interest payments on its debt are well covered by EBIT (4.2x coverage).
Balance Sheet
Inventory Level: 1528 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1528's debt is not covered by short term assets (assets are 0.4x debt).
Next Steps
Dividend
What is Red Star Macalline Group's current dividend yield, its reliability and sustainability?
3.87%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 1528's dividend (3.87%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 1528's dividend (3.87%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.34%).
Stability and Growth of Payments
Stable Dividend: 1528 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1528 has only been paying a dividend for 4 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23.2%), 1528's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1528's dividends in 3 years are forecast to be well covered by earnings (39.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.5yrs
Average management tenure
CEO
Jianxing Che (52yo)
12.7yrs
Tenure
CN¥3,513,000
Compensation
Mr. Che Jianxing has been the Chairman, Chief Executive Officer and General Manager at Red Star Macalline Group Corporation Ltd. since June 2007. Mr. Che is primarily responsible for the overall management ...
CEO Compensation Analysis
Compensation vs Market: Jianxing's total compensation ($USD502.84K) is about average for companies of similar size in the Hong Kong market ($USD613.77K).
Compensation vs Earnings: Jianxing's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.7yrs | CN¥3.51m | 0.011% CN¥4.2m | |
| Vice Chairman | 1.3yrs | CN¥16.94m | 0.0017% CN¥639.4k | |
| Vice GM & Executive Director | 9.2yrs | CN¥5.49m | 0.041% CN¥15.7m | |
| Vice GM & Executive Director | 12.7yrs | CN¥4.68m | 0.0032% CN¥1.2m | |
| Chief Financial Officer | 9.2yrs | no data | 0.0016% CN¥612.8k | |
| Vice General Manager | 6.9yrs | no data | 0.024% CN¥9.2m | |
| Vice President | 0yrs | no data | 0.0019% CN¥715.6k | |
| Chief Auditor | 0yrs | no data | no data | |
| Vice General Manager | 4.1yrs | no data | no data | |
| Vice General Manager and Financial Consultant of the Board of Directors | 4.5yrs | no data | no data |
6.5yrs
Average Tenure
49yo
Average Age
Experienced Management: 1528's management team is seasoned and experienced (6.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.7yrs | CN¥3.51m | 0.011% CN¥4.2m | |
| Vice Chairman | 1.3yrs | CN¥16.94m | 0.0017% CN¥639.4k | |
| Vice GM & Executive Director | 9.2yrs | CN¥5.49m | 0.041% CN¥15.7m | |
| Vice GM & Executive Director | 12.7yrs | CN¥4.68m | 0.0032% CN¥1.2m | |
| Independent Non-Executive Director | 3.8yrs | CN¥600.00k | no data | |
| Independent Non-Executive Director | 5yrs | CN¥600.00k | no data | |
| Non-Executive Director | 9.2yrs | no data | no data | |
| Non-Executive Director | 12.7yrs | CN¥1.81m | 0.0013% CN¥475.8k | |
| Chairman of Supervisors | 4.1yrs | no data | 0.030% CN¥11.6m | |
| Independent Non-Executive Director | 1.3yrs | CN¥57.00k | no data |
7.1yrs
Average Tenure
51yo
Average Age
Experienced Board: 1528's board of directors are considered experienced (7.1 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
Red Star Macalline Group Corporation Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Red Star Macalline Group Corporation Ltd.
- Ticker: 1528
- Exchange: SEHK
- Founded: 1992
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: HK$38.061b
- Shares outstanding: 3.55b
- Website: https://www.chinaredstar.com
Number of Employees
Location
- Red Star Macalline Group Corporation Ltd.
- Red Star World Trade Building
- 9th Floor
- Shanghai
- 200333
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1528 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Jun 2015 |
| 1528 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Jun 2015 |
| 1528 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Jun 2015 |
| 3S5 | DB (Deutsche Boerse AG) | Yes | Foreign Shares-Foreign Listed | DE | EUR | Jun 2015 |
| 601828 | SHSE (Shanghai Stock Exchange) | Domestic Shares | CN | CNY | Jan 2018 | |
| 601828 | XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect) | Domestic Shares | CN | CNY | Jan 2018 |
Biography
Red Star Macalline Group Corporation Ltd. operates and manages home improvement and furnishings shopping malls. The company operates its shopping malls under the Red Star Macalline brand name. As of December 31, 2018, it operated a network of 308 shopping malls, including 80 portfolio shopping malls with a total operating area of 6,918,993 square meters (sq.m.); and 228 managed shopping malls with a total operating area of 12,020,347 sq.m. offering approximately 24,000 brands across 199 cities in 29 provinces, municipalities, and autonomous regions in the People’s Republic of China. The company also engages in the leasing of floor areas to the tenants; retail sale of home furnishing merchandise, as well as provision of related decorating services; sale of pre-paid cards; and O2O platform business. In addition, it offers Internet home decoration, Internet retail, and logistics and delivery services; joint marketing; and shopping mall design, construction, consultation, and home design and decoration services, as well as construction site coordination and supervision services. Red Star Macalline Group Corporation Ltd. has a strategic cooperation agreement with Alibaba (China) Network Technology Co., Ltd. The company was formerly known as Shanghai Red Star Macalline Home Living and Decorating Company Limited and changed its name to Red Star Macalline Group Corporation Ltd. in 2011. The company was founded in 1992 and is headquartered in Shanghai, the People’s Republic of China. Red Star Macalline Group Corporation Ltd. is a subsidiary of Red Star Macalline Holding Group Company Limited.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 13:05 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.