| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
1821 Stock Overview
ESR Cayman Limited, together with its subsidiaries, engages in the logistics real estate development, leasing, and management activities in the Public’s Republic of China, Japan, South Korea, Singapore, Australia, and India.
Rewards
Risk Analysis
ESR Cayman Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$22.80 |
| 52 Week High | HK$28.70 |
| 52 Week Low | HK$21.90 |
| Beta | 0.48 |
| 1 Month Change | -5.00% |
| 3 Month Change | -11.80% |
| 1 Year Change | -7.13% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 28.81% |
Recent News & Updates
Shareholder Returns
| 1821 | HK Real Estate | HK Market | |
|---|---|---|---|
| 7D | -4.2% | 2.6% | 2.8% |
| 1Y | -7.1% | -34.7% | -24.5% |
Return vs Industry: 1821 exceeded the Hong Kong Real Estate industry which returned -34.7% over the past year.
Return vs Market: 1821 exceeded the Hong Kong Market which returned -24.5% over the past year.
Price Volatility
| 1821 volatility | |
|---|---|
| 1821 Average Weekly Movement | 5.0% |
| Real Estate Industry Average Movement | 7.4% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in HK Market | 15.1% |
| 10% least volatile stocks in HK Market | 3.9% |
Stable Share Price: 1821 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 1821's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2011 | 639 | Stuart Gibson | https://www.esr.com |
ESR Cayman Limited, together with its subsidiaries, engages in the logistics real estate development, leasing, and management activities in the Public’s Republic of China, Japan, South Korea, Singapore, Australia, and India. It operates through three segments: Investment, Fund Management, and Development. The company develops, constructs, invests in, and sells logistics real estate properties, as well as data centers and commercial assets.
ESR Cayman Fundamentals Summary
| 1821 fundamental statistics | |
|---|---|
| Market Cap | US$12.82b |
| Earnings (TTM) | US$349.44m |
| Revenue (TTM) | US$572.48m |
36.5x
P/E Ratio22.3x
P/S RatioIs 1821 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 1821 income statement (TTM) | |
|---|---|
| Revenue | US$572.48m |
| Cost of Revenue | US$53.97m |
| Gross Profit | US$518.51m |
| Other Expenses | US$169.07m |
| Earnings | US$349.44m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.079 |
| Gross Margin | 90.57% |
| Net Profit Margin | 61.04% |
| Debt/Equity Ratio | 96.2% |
How did 1821 perform over the long term?
See historical performance and comparisonValuation
Is ESR Cayman undervalued compared to its fair value and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
24.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1821 (HK$22.8) is trading below our estimate of fair value (HK$30.31)
Significantly Below Fair Value: 1821 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1821 is poor value based on its PE Ratio (36.5x) compared to the Hong Kong Real Estate industry average (6.7x).
PE vs Market: 1821 is poor value based on its PE Ratio (36.5x) compared to the Hong Kong market (8.8x).
Price to Earnings Growth Ratio
PEG Ratio: 1821 is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: 1821 is overvalued based on its PB Ratio (3.1x) compared to the HK Real Estate industry average (0.4x).
Future Growth
How is ESR Cayman forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Future Growth Score
5/6Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
26.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1821's forecast earnings growth (26.6% per year) is above the savings rate (1.5%).
Earnings vs Market: 1821's earnings (26.6% per year) are forecast to grow faster than the Hong Kong market (15% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 1821's revenue (23.1% per year) is forecast to grow faster than the Hong Kong market (9.9% per year).
High Growth Revenue: 1821's revenue (23.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1821's Return on Equity is forecast to be low in 3 years time (8.2%).
Past Performance
How has ESR Cayman performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
20.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1821 has a large one-off gain of $304.4M impacting its December 31 2021 financial results.
Growing Profit Margin: 1821's current net profit margins (61%) are higher than last year (58.1%).
Past Earnings Growth Analysis
Earnings Trend: 1821's earnings have grown significantly by 20.3% per year over the past 5 years.
Accelerating Growth: 1821's earnings growth over the past year (22%) exceeds its 5-year average (20.3% per year).
Earnings vs Industry: 1821 earnings growth over the past year (22%) exceeded the Real Estate industry 14.7%.
Return on Equity
High ROE: 1821's Return on Equity (8.7%) is considered low.
Financial Health
How is ESR Cayman's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 1821's short term assets ($1.9B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: 1821's short term assets ($1.9B) do not cover its long term liabilities ($3.3B).
Debt to Equity History and Analysis
Debt Level: 1821's net debt to equity ratio (59.1%) is considered high.
Reducing Debt: 1821's debt to equity ratio has reduced from 128.3% to 96.2% over the past 5 years.
Debt Coverage: 1821's debt is not well covered by operating cash flow (1.8%).
Interest Coverage: 1821's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Balance Sheet
Dividend
What is ESR Cayman current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.45%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 1821's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 1821's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 1821's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1821's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as 1821 has not reported any payouts.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.9yrs
Average management tenure
CEO
Stuart Gibson (57 yo)
6.33yrs
Tenure
US$3,150,000
Compensation
Mr. Stuart Gibson is a Co-Founder of ESR Cayman Limited and has been its Co-Chief Executive Officer since January 2016. Mr. Gibson has been an Executive Director of ESR Cayman Limited since January 20, 201...
CEO Compensation Analysis
Compensation vs Market: Stuart's total compensation ($USD3.15M) is above average for companies of similar size in the Hong Kong market ($USD1.06M).
Compensation vs Earnings: Stuart's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 1821's management team is seasoned and experienced (5.9 years average tenure).
Board Members
Experienced Board: 1821's board of directors are considered experienced (3 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 been diluted in the past year, with total shares outstanding growing by 43.6%.
Top Shareholders
Company Information
ESR Cayman Limited's employee growth, exchange listings and data sources
Key Information
- Name: ESR Cayman Limited
- Ticker: 1821
- Exchange: SEHK
- Founded: 2011
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Implied Market Cap: HK$100.658b
- Shares outstanding: 4.40b
- Website: https://www.esr.com
Number of Employees
Location
- ESR Cayman Limited
- Two Exchange Square
- Suites 2905-06
- Central
- Hong Kong
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/18 00:00 |
| End of Day Share Price | 2022/05/18 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
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.