China South City Holdings
Market Cap
HK$7.2b
Last Updated
2020/06/06 13:41 UTC
Data Sources
Company Financials +
Executive Summary
China South City Holdings Limited, together with its subsidiaries, develops and operates integrated logistics and trade centers in the People’s Republic of China.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with high growth potential.
Share Price & News
How has China South City Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1668 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
25.4%
1668
7.8%
HK Real Estate
6.0%
HK Market
1 Year Return
-24.6%
1668
-11.7%
HK Real Estate
-4.0%
HK Market
Return vs Industry: 1668 underperformed the Hong Kong Real Estate industry which returned -12% over the past year.
Return vs Market: 1668 underperformed the Hong Kong Market which returned -4% over the past year.
Shareholder returns
| 1668 | Industry | Market | |
|---|---|---|---|
| 7 Day | 25.4% | 7.8% | 6.0% |
| 30 Day | 21.9% | 2.9% | 4.3% |
| 90 Day | 2.3% | -7.6% | -2.4% |
| 1 Year | -20.8%-24.6% | -7.5%-11.7% | -0.5%-4.0% |
| 3 Year | -31.5%-39.0% | 13.3%0.4% | 1.4%-9.2% |
| 5 Year | -60.5%-68.1% | 21.8%0.8% | -9.3%-23.6% |
Price Volatility Vs. Market
How volatile is China South City Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
We Wouldn't Rely On China South City Holdings's (HKG:1668) Statutory Earnings As A Guide1 month ago | Simply Wall St
Those Who Purchased China South City Holdings (HKG:1668) Shares Five Years Ago Have A 76% Loss To Show For It1 month ago | Simply Wall St
What Kind Of Shareholders Own China South City Holdings Limited (HKG:1668)?Valuation
Is China South City Holdings undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1668 (HK$0.89) is trading below our estimate of fair value (HK$3.15)
Significantly Below Fair Value: 1668 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1668 is good value based on its PE Ratio (2.4x) compared to the Real Estate industry average (6.1x).
PE vs Market: 1668 is good value based on its PE Ratio (2.4x) compared to the Hong Kong market (9.5x).
Price to Earnings Growth Ratio
PEG Ratio: 1668 is good value based on its PEG Ratio (0x)
Price to Book Ratio
PB vs Industry: 1668 is good value based on its PB Ratio (0.2x) compared to the HK Real Estate industry average (0.4x).
Next Steps
Future Growth
How is China South City Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
48.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1668's forecast earnings growth (48.3% per year) is above the savings rate (1.6%).
Earnings vs Market: 1668's earnings (48.3% per year) are forecast to grow faster than the Hong Kong market (17.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 1668's revenue (36.8% per year) is forecast to grow faster than the Hong Kong market (10.6% per year).
High Growth Revenue: 1668's revenue (36.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 1668's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has China South City Holdings performed over the past 5 years?
0.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1668 has a large one-off gain of HK$2.3B impacting its September 30 2019 financial results.
Growing Profit Margin: 1668's current net profit margins (27.8%) are lower than last year (39.5%).
Past Earnings Growth Analysis
Earnings Trend: 1668's earnings have grown by 0.8% per year over the past 5 years.
Accelerating Growth: 1668's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1668 had negative earnings growth (-30.6%) over the past year, making it difficult to compare to the Real Estate industry average (2.8%).
Return on Equity
High ROE: 1668's Return on Equity (8.9%) is considered low.
Next Steps
Financial Health
How is China South City Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1668's short term assets (HK$54.8B) exceed its short term liabilities (HK$50.0B).
Long Term Liabilities: 1668's short term assets (HK$54.8B) exceed its long term liabilities (HK$26.9B).
Debt to Equity History and Analysis
Debt Level: 1668's debt to equity ratio (96.1%) is considered high.
Reducing Debt: 1668's debt to equity ratio has increased from 89.6% to 96.1% over the past 5 years.
Debt Coverage: 1668's debt is not well covered by operating cash flow (17.6%).
Interest Coverage: 1668's interest payments on its debt are well covered by EBIT (6.4x coverage).
Balance Sheet
Next Steps
Dividend
What is China South City Holdings's current dividend yield, its reliability and sustainability?
5.62%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1668's dividend (5.62%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.43%).
High Dividend: 1668's dividend (5.62%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.03%).
Stability and Growth of Payments
Stable Dividend: 1668's dividend payments have been volatile in the past 10 years.
Growing Dividend: 1668's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (13.4%), 1668's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.0yrs
Average management tenure
CEO
Lidong Zhao (49yo)
1.33yrs
Tenure
HK$1,270,000
Compensation
Mr. Lidong Zhao has been Chief Executive Officer and Executive Director at China South City Holdings Limited since February 01, 2019. Mr. Zhao serves as Vice President of Wuzhou Int'l Group Investment at W ...
CEO Compensation Analysis
Compensation vs Market: Lidong's total compensation ($USD163.87K) is below average for companies of similar size in the Hong Kong market ($USD490.23K).
Compensation vs Earnings: Insufficient data to compare Lidong's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 2.92yrs | HK$23.71m | 28.5% HK$2.1b | |
| CEO & Executive Director | 1.33yrs | HK$1.27m | no data | |
| Executive Director | 3.08yrs | HK$5.09m | no data | |
| Co-Founder & Honourable Adviser | no data | HK$216.00k | no data | |
| Co-Founder & Honourable Adviser | no data | HK$216.00k | no data | |
| Group Chief Financial Officer | 0.58yr | no data | no data | |
| Executive Vice President of Business Management Division | no data | no data | no data | |
| Executive Vice President of Investment Development Division | 1yr | no data | no data | |
| Executive Director | 0.17yr | no data | no data | |
| Deputy CFO & Company Secretary | 12.42yrs | no data | no data |
1.0yrs
Average Tenure
50yo
Average Age
Experienced Management: 1668's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 2.92yrs | HK$23.71m | 28.5% HK$2.1b | |
| CEO & Executive Director | 1.33yrs | HK$1.27m | no data | |
| Executive Director | 3.08yrs | HK$5.09m | no data | |
| Executive Director | 0.17yr | no data | no data | |
| Independent Non-Executive Director | 10.75yrs | HK$1.32m | no data | |
| Non-Executive Director | 10.17yrs | HK$680.00k | 7.34% HK$528.6m | |
| Independent Non-Executive Director | 7.25yrs | HK$1.32m | no data | |
| Independent Non Executive Director | 9.17yrs | HK$1.32m | no data | |
| Independent Non-Executive Director | 10.75yrs | HK$1.32m | no data | |
| Non-Executive Director | 6yrs | no data | no data |
6.6yrs
Average Tenure
59yo
Average Age
Experienced Board: 1668's board of directors are considered experienced (6.6 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
China South City Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: China South City Holdings Limited
- Ticker: 1668
- Exchange: SEHK
- Founded: 2002
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: HK$7.202b
- Shares outstanding: 8.09b
- Website: https://www.chinasouthcity.com
Number of Employees
Location
- China South City Holdings Limited
- Sun Life Tower
- Suites 3306-08, 33 Floor
- Tsim Sha Tsui
- Kowloon
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1668 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Sep 2009 |
| 1668 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Sep 2009 |
| 1668 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Sep 2009 |
Biography
China South City Holdings Limited, together with its subsidiaries, develops and operates integrated logistics and trade centers in the People’s Republic of China. The company operates a trading platform of raw materials and finished products for domestic and international wholesale suppliers, traders, manufacturers, distributors, and retail clients; and sells and leases trade center units for businesses to display and sell their products. It also operates and manages outlets, which offers sports, casual, outdoor, and men’s and women’s fashion wear; and an e-commerce platform. In addition, the company provides warehousing management services; develops residential and commercial ancillary facilities; and arranges on-site third party delivery and distribution services. Further, it offers property management, and convention and exhibition services; and advertising, logistics, micro-credit, and other services. China South City Holdings Limited was founded in 2002 and is based in Tsim Sha Tsui, Hong Kong.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/06 13:41 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.