SEHK:1528

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Red Star Macalline Group

Executive Summary

Red Star Macalline Group Corporation Ltd. More Details


Snowflake Analysis

High growth potential and fair value.

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

Volatility Over Time: 1528's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

1.5%

1528

-1.1%

HK Real Estate

0.4%

HK Market


1 Year Return

-16.7%

1528

-7.5%

HK Real Estate

11.0%

HK Market

Return vs Industry: 1528 underperformed the Hong Kong Real Estate industry which returned -7.5% over the past year.

Return vs Market: 1528 underperformed the Hong Kong Market which returned 11% over the past year.


Shareholder returns

1528IndustryMarket
7 Day1.5%-1.1%0.4%
30 Day2.2%5.9%7.0%
90 Day-2.1%-2.3%6.4%
1 Year-11.9%-16.7%-2.5%-7.5%15.5%11.0%
3 Year-40.7%-48.3%1.7%-11.2%4.1%-6.8%
5 Year-28.5%-45.1%45.8%16.9%34.9%12.3%

Long-Term 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

Valuation

Is Red Star Macalline Group undervalued compared to its fair value and its price relative to the market?

7.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1528 (HK$4.71) is trading above our estimate of fair value (HK$2.51)

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 (7.1x) compared to the HK Real Estate industry average (8.7x).

PE vs Market: 1528 is good value based on its PE Ratio (7.1x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: 1528 is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: 1528's PB Ratio (0.3x) is in line with the HK Real Estate industry average.


Next Steps

Future Growth

How is Red Star Macalline Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

33.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1528's forecast earnings growth (33.6% per year) is above the savings rate (1.6%).

Earnings vs Market: 1528's earnings (33.6% per year) are forecast to grow faster than the Hong Kong market (21.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1528's revenue (20.3% per year) is forecast to grow faster than the Hong Kong market (13.6% per year).

High Growth Revenue: 1528's revenue (20.3% per year) is forecast to grow faster 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 (8.9%).


Next Steps

Past Performance

How has Red Star Macalline Group performed over the past 5 years?

-1.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1528 has a large one-off gain of CN¥716.8M impacting its September 30 2020 financial results.

Growing Profit Margin: 1528's current net profit margins (17.1%) are lower than last year (25.5%).


Past Earnings Growth Analysis

Earnings Trend: 1528's earnings have declined by 1.3% 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 (-40.9%) over the past year, making it difficult to compare to the Real Estate industry average (1%).


Return on Equity

High ROE: 1528's Return on Equity (4.9%) is considered low.


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¥15.6B) do not cover its short term liabilities (CN¥31.3B).

Long Term Liabilities: 1528's short term assets (CN¥15.6B) do not cover its long term liabilities (CN¥48.7B).


Debt to Equity History and Analysis

Debt Level: 1528's debt to equity ratio (97.4%) is considered high.

Reducing Debt: 1528's debt to equity ratio has increased from 32.6% to 97.4% over the past 5 years.

Debt Coverage: 1528's debt is not well covered by operating cash flow (6.6%).

Interest Coverage: 1528's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Red Star Macalline Group current dividend yield, its reliability and sustainability?

4.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1528's dividend (4.85%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.2%).

High Dividend: 1528's dividend (4.85%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.59%).


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 5 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41%), 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 (33.2% payout ratio).


Next Steps

Management

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

7.4yrs

Average management tenure


CEO

Jianxing Che (53 yo)

13.5yrs

Tenure

CN¥2,218,649

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 ($USD338.07K) is below average for companies of similar size in the Hong Kong market ($USD634.67K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jianxing Che
Chairman13.5yrsCN¥2.22m0.011%
CN¥ 4.3m
Binghe Guo
Vice Chairman2.08yrsCN¥2.49m0.0074%
CN¥ 2.8m
Shichang Xi
Chief Financial Officer10yrsCN¥1.98m0.0016%
CN¥ 613.8k
Xiaozhong Jiang
Vice GM & Executive Director10yrsCN¥4.60m0.041%
CN¥ 15.7m
Jianfang Che
Vice GM & Executive Director13.5yrsCN¥2.90m0.0032%
CN¥ 1.2m
Yuanjin Liu
Vice General Manager10yrsCN¥3.98m0.041%
CN¥ 15.5m
Jianhong Li
Vice General Manager7.75yrsCN¥2.70m0.024%
CN¥ 9.2m
Zhang Xian
Vice General Manager5.75yrsCN¥1.98m0.0044%
CN¥ 1.7m
Qinhua Chu
Chief Auditorno datano datano data
Bin Li
Vice General Manager4.92yrsno datano data
Zhengmao Tang
Vice General Manager and Financial Consultant of the Board of Directors5.33yrsno datano data

7.4yrs

Average Tenure

48.5yo

Average Age

Experienced Management: 1528's management team is seasoned and experienced (7.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jianxing Che
Chairman13.5yrsCN¥2.22m0.011%
CN¥ 4.3m
Binghe Guo
Vice Chairman2.08yrsCN¥2.49m0.0074%
CN¥ 2.8m
Xiaozhong Jiang
Vice GM & Executive Director10yrsCN¥4.60m0.041%
CN¥ 15.7m
Jianfang Che
Vice GM & Executive Director13.5yrsCN¥2.90m0.0032%
CN¥ 1.2m
Shizheng Qian
Independent Non-Executive Director4.67yrsCN¥600.00kno data
Kwan Hung Lee
Independent Non-Executive Director5.83yrsCN¥600.00kno data
Guofeng Xu
Non-Executive Director10yrsno datano data
Shuhong Chen
Non-Executive Director13.5yrsCN¥1.66m0.0013%
CN¥ 476.6k
Ning Pan
Chairman of Supervisors4.92yrsno data0.030%
CN¥ 11.6m
Chongyi Zhao
Independent Non-Executive Director2.17yrsCN¥600.00kno data
Xiao Wang
Independent Non-Executive Director2.17yrsCN¥600.00kno data
Hong Xu
Non Executive Director1.17yrsno datano data

5.4yrs

Average Tenure

51yo

Average Age

Experienced Board: 1528's board of directors are considered experienced (5.4 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.


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: 2007
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$38.126b
  • Shares outstanding: 3.91b
  • Website: https://www.chinaredstar.com

Number of Employees


Location

  • Red Star Macalline Group Corporation Ltd.
  • Red Star Macalline Headquarter
  • No. 2/5, Lane 1466
  • Shanghai
  • Shanghai Province
  • 201106
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1528SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDJun 2015
1528SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDJun 2015
1528SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDJun 2015
3S5DB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURJun 2015
601828SHSE (Shanghai Stock Exchange)Domestic SharesCNCNYJan 2018
601828XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)Domestic SharesCNCNYJan 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 Decemb...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 10:16
End of Day Share Price2020/12/03 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.