Sunac China Holdings
Market Cap
HK$137.3b
Last Updated
2020/10/23 12:39 UTC
Data Sources
Company Financials +
Executive Summary
Sunac China Holdings Limited, together with its subsidiaries, invests in, develops, and sells residential and commercial properties in the People's Republic of China. More Details
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Undervalued with moderate growth potential.
Similar Companies
Share Price & News
How has Sunac China Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1918's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.4%
1918
-1.0%
HK Real Estate
1.9%
HK Market
1 Year Return
-17.7%
1918
-11.6%
HK Real Estate
1.5%
HK Market
Return vs Industry: 1918 underperformed the Hong Kong Real Estate industry which returned -11.6% over the past year.
Return vs Market: 1918 underperformed the Hong Kong Market which returned 1.5% over the past year.
Shareholder returns
| 1918 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | -1.0% | 1.9% |
| 30 Day | -4.7% | -2.2% | 3.6% |
| 90 Day | -16.5% | -3.0% | 2.8% |
| 1 Year | -14.1%-17.7% | -6.8%-11.6% | 5.8%1.5% |
| 3 Year | -16.7%-23.7% | -9.6%-23.5% | -5.0%-15.4% |
| 5 Year | 629.0%518.2% | 37.3%8.7% | 17.1%-2.8% |
Price Volatility Vs. Market
How volatile is Sunac China Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Should You Rely On Sunac China Holdings's (HKG:1918) Earnings Growth?2 weeks ago | Simply Wall St
How Should Investors React To Sunac China Holdings' (HKG:1918) CEO Pay?3 weeks ago | Simply Wall St
An Intrinsic Calculation For Sunac China Holdings Limited (HKG:1918) Suggests It's 36% UndervaluedValuation
Is Sunac China Holdings undervalued compared to its fair value and its price relative to the market?
38.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1918 (HK$29.55) is trading below our estimate of fair value (HK$47.95)
Significantly Below Fair Value: 1918 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1918 is good value based on its PE Ratio (4.2x) compared to the HK Real Estate industry average (8.7x).
PE vs Market: 1918 is good value based on its PE Ratio (4.2x) compared to the Hong Kong market (11.1x).
Price to Earnings Growth Ratio
PEG Ratio: 1918 is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: 1918 is overvalued based on its PB Ratio (1.2x) compared to the HK Real Estate industry average (0.4x).
Next Steps
Future Growth
How is Sunac China Holdings forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
13.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1918's forecast earnings growth (13.6% per year) is above the savings rate (1.6%).
Earnings vs Market: 1918's earnings (13.6% per year) are forecast to grow slower than the Hong Kong market (22.3% per year).
High Growth Earnings: 1918's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1918's revenue (19.1% per year) is forecast to grow faster than the Hong Kong market (13.3% per year).
High Growth Revenue: 1918's revenue (19.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1918's Return on Equity is forecast to be high in 3 years time (23.3%)
Next Steps
Past Performance
How has Sunac China Holdings performed over the past 5 years?
47.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1918 has a large one-off gain of CN¥8.5B impacting its June 30 2020 financial results.
Growing Profit Margin: 1918's current net profit margins (15.7%) are higher than last year (13.2%).
Past Earnings Growth Analysis
Earnings Trend: 1918's earnings have grown significantly by 47.2% per year over the past 5 years.
Accelerating Growth: 1918's earnings growth over the past year (30.1%) is below its 5-year average (47.2% per year).
Earnings vs Industry: 1918 earnings growth over the past year (30.1%) exceeded the Real Estate industry -6.8%.
Return on Equity
High ROE: Whilst 1918's Return on Equity (21.18%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is Sunac China Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1918's short term assets (CN¥755.2B) exceed its short term liabilities (CN¥644.3B).
Long Term Liabilities: 1918's short term assets (CN¥755.2B) exceed its long term liabilities (CN¥218.3B).
Debt to Equity History and Analysis
Debt Level: 1918's debt to equity ratio (239.3%) is considered high.
Reducing Debt: 1918's debt to equity ratio has increased from 154.6% to 239.3% over the past 5 years.
Debt Coverage: 1918's debt is not well covered by operating cash flow (2.1%).
Interest Coverage: 1918 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Sunac China Holdings's current dividend yield, its reliability and sustainability?
4.83%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1918's dividend (4.83%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.23%).
High Dividend: 1918's dividend (4.83%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.85%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 1918 has been paying a dividend for less than 10 years.
Growing Dividend: 1918's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.5%), 1918's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1918's dividends in 3 years are forecast to be well covered by earnings (21.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Mengde Wang (48 yo)
5.08yrs
Tenure
CN¥42,916,000
Compensation
Mr. Mengde Wang has been the Chief Executive Officer of Sunac China Holdings Limited since September 07, 2015. Mr. Wang served as an Executive President of Sunac China Holdings Limited since 2011 until Sep ...
CEO Compensation Analysis
Compensation vs Market: Mengde's total compensation ($USD6.42M) is above average for companies of similar size in the Hong Kong market ($USD841.38K).
Compensation vs Earnings: Mengde's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | no data | CN¥16.40m | 45.11% CN¥ 61.9b | |
| CEO & Executive Director | 5.08yrs | CN¥42.92m | 0.31% CN¥ 428.4m | |
| Executive Director | 11.25yrs | CN¥40.05m | 0.12% CN¥ 160.5m | |
| Executive Director | 3.92yrs | CN¥24.08m | 0.11% CN¥ 145.8m | |
| Executive Director | 11.25yrs | CN¥39.78m | 0.083% CN¥ 113.4m | |
| Executive Director and Executive President & President of Beijing Regional Branch | 8.25yrs | CN¥41.81m | 0.24% CN¥ 324.4m | |
| Executive Director | 3.92yrs | CN¥38.03m | 0.11% CN¥ 147.3m | |
| VP, President of Culture Group & Executive Director | 3.42yrs | CN¥9.84m | no data | |
| CFO, VP & Company Secretary | 1.08yrs | no data | no data | |
| Executive President & COO | 5.75yrs | CN¥614.00k | no data | |
| Executive President | 2.75yrs | no data | no data | |
| Investor Relations Director | no data | no data | no data |
3.4yrs
Average Tenure
46yo
Average Age
Experienced Management: 1918's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | no data | CN¥16.40m | 45.11% CN¥ 61.9b | |
| CEO & Executive Director | 5.08yrs | CN¥42.92m | 0.31% CN¥ 428.4m | |
| Executive Director | 11.25yrs | CN¥40.05m | 0.12% CN¥ 160.5m | |
| Executive Director | 3.92yrs | CN¥24.08m | 0.11% CN¥ 145.8m | |
| Executive Director | 11.25yrs | CN¥39.78m | 0.083% CN¥ 113.4m | |
| Executive Director and Executive President & President of Beijing Regional Branch | 8.25yrs | CN¥41.81m | 0.24% CN¥ 324.4m | |
| Executive Director | 3.92yrs | CN¥38.03m | 0.11% CN¥ 147.3m | |
| VP, President of Culture Group & Executive Director | 3.42yrs | CN¥9.84m | no data | |
| Independent Non-Executive Director | 11.17yrs | CN¥358.00k | no data | |
| Independent Non-Executive Director | 9.33yrs | CN¥403.00k | no data | |
| Independent Non-Executive Director | 11.08yrs | CN¥403.00k | no data | |
| Chairman of Wuxi Sunan Real Estate | 12.83yrs | no data | no data |
11.1yrs
Average Tenure
49yo
Average Age
Experienced Board: 1918's board of directors are seasoned and experienced ( 11.1 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 been diluted in the past year, with total shares outstanding growing by 4.9%.
Top Shareholders
Company Information
Sunac China Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sunac China Holdings Limited
- Ticker: 1918
- Exchange: SEHK
- Founded: 2003
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: HK$137.273b
- Shares outstanding: 4.66b
- Website: https://www.sunac.com.cn
Number of Employees
Location
- Sunac China Holdings Limited
- No.8,Dongzhimen North Street
- Building 4, One Central
- Beijing
- Beijing Province
- 300381
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1918 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | HKD Ordinary Shares | HK | HKD | Oct 2010 |
| SCNR | DB (Deutsche Boerse AG) | Yes | HKD Ordinary Shares | DE | EUR | Oct 2010 |
| 1918 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | HKD Ordinary Shares | HK | HKD | Oct 2010 |
| 1918 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | HKD Ordinary Shares | HK | HKD | Oct 2010 |
| SCCC.F | OTCPK (Pink Sheets LLC) | Yes | HKD Ordinary Shares | US | USD | Oct 2010 |
Biography
Sunac China Holdings Limited, together with its subsidiaries, invests in, develops, and sells residential and commercial properties in the People's Republic of China. The company provides conferences and e ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/23 12:39 |
| End of Day Share Price | 2020/10/23 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.