SEHK:1589

Stock Analysis Report

China Logistics Property Holdings

Executive Summary

China Logistics Property Holdings Co., Ltd, an investment holding company, designs, develops, leases, and manages logistics facilities in the People’s Republic of China.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has China Logistics Property Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1589 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.6%

1589

-3.1%

HK Real Estate

-0.6%

HK Market


1 Year Return

32.6%

1589

-9.1%

HK Real Estate

-7.6%

HK Market

Return vs Industry: 1589 exceeded the Hong Kong Real Estate industry which returned -9.1% over the past year.

Return vs Market: 1589 exceeded the Hong Kong Market which returned -7.6% over the past year.


Shareholder returns

1589IndustryMarket
7 Day-1.6%-3.1%-0.6%
30 Day-2.2%-1.4%-1.2%
90 Day0%1.2%3.0%
1 Year32.6%32.6%-4.9%-9.1%-4.2%-7.6%
3 Year-17.6%-17.6%33.7%19.3%12.9%1.5%
5 Yearn/a55.1%28.9%13.1%-5.6%

Price Volatility Vs. Market

How volatile is China Logistics Property Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China Logistics Property Holdings undervalued compared to its fair value and its price relative to the market?

19.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1589 (HK$3.05) is trading above our estimate of fair value (HK$0.33)

Significantly Below Fair Value: 1589 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1589 is poor value based on its PE Ratio (19.4x) compared to the Real Estate industry average (6.6x).

PE vs Market: 1589 is poor value based on its PE Ratio (19.4x) compared to the Hong Kong market (10.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1589's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1589 is overvalued based on its PB Ratio (0.8x) compared to the HK Real Estate industry average (0.5x).


Next Steps

Future Growth

How is China Logistics Property Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.6%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as China Logistics Property Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has China Logistics Property Holdings performed over the past 5 years?

-11.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1589 has a large one-off gain of CN¥742.6M impacting its June 30 2019 financial results.

Growing Profit Margin: 1589's current net profit margins (69.8%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: 1589's earnings have declined by -11.6% per year over the past 5 years.

Accelerating Growth: 1589's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1589 had negative earnings growth (-38.3%) over the past year, making it difficult to compare to the Real Estate industry average (-8%).


Return on Equity

High ROE: 1589's Return on Equity (4.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is China Logistics Property Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1589's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.1B).

Long Term Liabilities: 1589's short term assets (CN¥2.6B) do not cover its long term liabilities (CN¥9.5B).


Debt to Equity History and Analysis

Debt Level: 1589's debt to equity ratio (69.1%) is considered high.

Reducing Debt: 1589's debt to equity ratio has reduced from 291.8% to 69.1% over the past 5 years.

Debt Coverage: 1589's debt is not well covered by operating cash flow (3.2%).

Interest Coverage: 1589's interest payments on its debt are not well covered by EBIT (0.9x coverage).


Balance Sheet

Inventory Level: 1589 has a high level of physical assets or inventory.

Debt Coverage by Assets: 1589's debt is not covered by short term assets (assets are 0.3x debt).


Next Steps

Dividend

What is China Logistics Property Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.3%industryaverage4.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 1589's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 1589's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1589's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1589's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1589's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Shifa Li (56yo)

0.8yrs

Tenure

CN¥1,396,000

Compensation

Mr. Shifa Li founded Shanghai Yupei (Group) Company Limited in 1991 and serves as its Chairman. Mr. Li has been Chief Executive Officer of China Logistics Property Holdings Co., Ltd since April 26, 2019. H ...


CEO Compensation Analysis

Compensation vs Market: Shifa's total compensation ($USD198.61K) is below average for companies of similar size in the Hong Kong market ($USD558.57K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Shifa Li
Founder0.8yrsCN¥1.40mno data
Shun Wah Cheuk
CFO & Executive Director2.5yrsCN¥3.41mno data
Guolin Wu
COO & Executive Director2.9yrsCN¥1.46mno data
Lianghua Shi
Senior VP & Executive Director2.5yrsCN¥1.21mno data
Runfu Chen
Executive Director3.2yrsno datano data
Huifang Li
Senior VP & Executive Director2.9yrsCN¥1.04mno data
Xie Xiangdong
Senior VP & Executive Director0.8yrsno datano data
Shunhua Zhuo
Senior VP & Executive Director1.1yrsno datano data
Ka Man So
Company Secretary3.9yrsno datano data

1.9yrs

Average Tenure

49.5yo

Average Age

Experienced Management: 1589's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Shifa Li
Founder0.8yrsCN¥1.40mno data
Shun Wah Cheuk
CFO & Executive Director2.5yrsCN¥3.41mno data
Guolin Wu
COO & Executive Director2.9yrsCN¥1.46mno data
Lianghua Shi
Senior VP & Executive Director2.5yrsCN¥1.21mno data
Runfu Chen
Executive Director3.2yrsno datano data
Huifang Li
Senior VP & Executive Director2.9yrsCN¥1.04mno data
Xie Xiangdong
Senior VP & Executive Director0.8yrsno datano data
Shunhua Zhuo
Senior VP & Executive Director1.1yrsno datano data
Jingbin Guo
Independent Non-Executive Director3.7yrsCN¥308.00kno data
Ching Fung
Independent Non-Executive Director3.7yrsCN¥308.00kno data

2.9yrs

Average Tenure

50yo

Average Age

Experienced Board: 1589's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 9.2%.


Top Shareholders

Company Information

China Logistics Property Holdings Co., Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Logistics Property Holdings Co., Ltd
  • Ticker: 1589
  • Exchange: SEHK
  • Founded: 2000
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$9.865b
  • Shares outstanding: 3.23b
  • Website: https://www.cnlpholdings.com

Number of Employees


Location

  • China Logistics Property Holdings Co., Ltd
  • No. 1899 Shenkun Road
  • Minhang District
  • Shanghai
  • 201106
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1589SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2016
1589SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 2016

Biography

China Logistics Property Holdings Co., Ltd, an investment holding company, designs, develops, leases, and manages logistics facilities in the People’s Republic of China. It develops and constructs storage facilities; and provides investment management, warehouse and house leasing, project investment, enterprise management consulting, cargo agency and transportation consulting, stowage loading and unloading and related business advisory, property development and management, landscape engineering, business information consulting, marketing planning, and enterprise image design services. The company also leases self-owned buildings; sells building materials; manufactures and sells automobile components and parts, steel structure, painted metal and other metals, and logistics and mechanical equipment; imports and exports goods and technology; and develops e-commerce technology. In addition, it is involved in flowers, seedling, and fruit trees planting activities. The company was founded in 2000 and is headquartered in Shanghai, China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 13:29
End of Day Share Price2020/02/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.