Sunac China Holdings
Market Cap
HK$190.8b
Last Updated
2019/12/13 12:57 UTC
Data Sources
Company Financials +
Executive Summary
Sunac China Holdings Limited, together with its subsidiaries, develops residential and commercial properties in the People's Republic of China.
Rewards
Risk Analysis
Snowflake Analysis
Exceptional growth potential with mediocre balance sheet.
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
5.4%
1918
4.2%
HK Real Estate
3.5%
HK Market
1 Year Return
58.4%
1918
4.8%
HK Real Estate
2.3%
HK Market
Return vs Industry: 1918 exceeded the Hong Kong Real Estate industry which returned 4.8% over the past year.
Return vs Market: 1918 exceeded the Hong Kong Market which returned 2.3% over the past year.
Shareholder returns
| 1918 | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.4% | 4.2% | 3.5% |
| 30 Day | 19.1% | 6.9% | 3.1% |
| 90 Day | 24.1% | 5.5% | 1.1% |
| 1 Year | 62.9%58.4% | 8.8%4.8% | 6.0%2.3% |
| 3 Year | 581.4%534.2% | 59.6%42.9% | 25.4%12.7% |
| 5 Year | 664.9%560.3% | 75.6%46.7% | 23.0%2.4% |
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
1 week ago | Simply Wall St
What Type Of Shareholder Owns Sunac China Holdings Limited's (HKG:1918)?3 weeks ago | Simply Wall St
I Ran A Stock Scan For Earnings Growth And Sunac China Holdings (HKG:1918) Passed With Ease1 month ago | Simply Wall St
Is Sunac China Holdings Limited's (HKG:1918) 27% ROE Better Than Average?Valuation
Is Sunac China Holdings undervalued compared to its fair value and its price relative to the market?
8.24x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1918 (HK$43.25) is trading above our estimate of fair value (HK$20.56)
Significantly Below Fair Value: 1918 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 1918 is poor value based on its PE Ratio (8.2x) compared to the Real Estate industry average (6.6x).
PE vs Market: 1918 is good value based on its PE Ratio (8.2x) compared to the Hong Kong market (10.3x).
Price to Earnings Growth Ratio
PEG Ratio: 1918 is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: 1918 is overvalued based on its PB Ratio (2.5x) compared to the HK Real Estate industry average (0.5x).
Next Steps
Future Growth
How is Sunac China Holdings forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
22.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1918's forecast earnings growth (22.1% per year) is above the savings rate (1.6%).
Earnings vs Market: 1918's earnings (22.1% per year) are forecast to grow faster than the Hong Kong market (11.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 1918's revenue (26.2% per year) is forecast to grow faster than the Hong Kong market (10.3% per year).
High Growth Revenue: 1918's revenue (26.2% per year) is forecast to grow faster 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 (31.4%)
Next Steps
Past Performance
How has Sunac China Holdings performed over the past 5 years?
46.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1918 has a large one-off loss of CN¥9.5B impacting its June 30 2019 financial results.
Growing Profit Margin: 1918's current net profit margins (13.2%) are lower than last year (16.1%).
Past Earnings Growth Analysis
Earnings Trend: 1918's earnings have grown significantly by 46.4% per year over the past 5 years.
Accelerating Growth: 1918's earnings growth over the past year (30.3%) is below its 5-year average (46.4% per year).
Earnings vs Industry: 1918 earnings growth over the past year (30.3%) exceeded the Real Estate industry -11.5%.
Return on Equity
High ROE: Whilst 1918's Return on Equity (27.02%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Sunac China Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1918's short term assets (CN¥663.8B) exceed its short term liabilities (CN¥573.9B).
Long Term Liabilities: 1918's short term assets (CN¥663.8B) exceed its long term liabilities (CN¥216.7B).
Debt to Equity History and Analysis
Debt Level: 1918's debt to equity ratio (379%) is considered high.
Reducing Debt: 1918's debt to equity ratio has increased from 187.7% to 379% over the past 5 years.
Debt Coverage: 1918's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: 1918 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 1918 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1918's debt is covered by short term assets (assets are 2.2x debt).
Next Steps
Dividend
What is Sunac China Holdings's current dividend yield, its reliability and sustainability?
2.13%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 1918's dividend (2.13%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.21%).
High Dividend: 1918's dividend (2.13%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.15%).
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 8 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17.5%), 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 (21.7% payout ratio).
Next Steps
Management
What is the CEO of Sunac China Holdings's salary, the management and board of directors tenure and is there insider trading?
3.4yrs
Average management tenure
CEO
Mengde Wang (47yo)
4.3yrs
Tenure
CN¥20,594,000
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 ($USD2.94M) is above average for companies of similar size in the Hong Kong market ($USD856.13K).
Compensation vs Earnings: Mengde's compensation has increased by more than 20% in the past year.
Management Age and Tenure
3.4yrs
Average Tenure
43.5yo
Average Age
Experienced Management: 1918's management team is considered experienced (3.4 years average tenure).
Board Age and Tenure
10.3yrs
Average Tenure
46yo
Average Age
Experienced Board: 1918's board of directors are seasoned and experienced ( 10.3 years average tenure).
Insider Trading
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 2.2%.
Management Team
Shuping Huang (38yo)
Executive Director
- Tenure: 3.1yrs
- Compensation: CN¥12.60m
Hongbin Sun (56yo)
Founder & Executive Chairman
- Tenure: 0yrs
- Compensation: CN¥17.43m
Mengde Wang (47yo)
CEO & Executive Director
- Tenure: 4.3yrs
- Compensation: CN¥20.59m
Xun Chi (45yo)
Executive Director
- Tenure: 10.4yrs
- Compensation: CN¥19.01m
Yu Shang (40yo)
Executive Director
- Tenure: 10.4yrs
- Compensation: CN¥17.03m
Hong Jing (57yo)
Executive Director and Executive President & President of Beijing Regional Branch
- Tenure: 7.4yrs
- Compensation: CN¥19.34m
Zhixia Ma (46yo)
Executive President & COO
- Tenure: 4.9yrs
- Compensation: CN¥614.00k
Qiang Tian (42yo)
Executive Director
- Tenure: 3.1yrs
- Compensation: CN¥16.57m
Xi Gao (38yo)
CFO, VP & Company Secretary
- Tenure: 0.3yrs
Kevin Zheyi Sun (29yo)
VP, President of Culture Group & Executive Director
- Tenure: 2.6yrs
- Compensation: CN¥3.08m
Board Members
Jonathan Zhu (56yo)
Independent Non-Executive Director
- Tenure: 10.3yrs
- Compensation: CN¥380.00k
Shuping Huang (38yo)
Executive Director
- Tenure: 3.1yrs
- Compensation: CN¥12.60m
Hongbin Sun (56yo)
Founder & Executive Chairman
- Tenure: 0yrs
- Compensation: CN¥17.43m
Mengde Wang (47yo)
CEO & Executive Director
- Tenure: 4.3yrs
- Compensation: CN¥20.59m
Xun Chi (45yo)
Executive Director
- Tenure: 10.4yrs
- Compensation: CN¥19.01m
Yu Shang (40yo)
Executive Director
- Tenure: 10.4yrs
- Compensation: CN¥17.03m
Feng Min (49yo)
Chairman of Wuxi Sunan Real Estate
- Tenure: 12yrs
Hong Jing (57yo)
Executive Director and Executive President & President of Beijing Regional Branch
- Tenure: 7.4yrs
- Compensation: CN¥19.34m
Qiang Tian (42yo)
Executive Director
- Tenure: 3.1yrs
- Compensation: CN¥16.57m
Kevin Zheyi Sun (29yo)
VP, President of Culture Group & Executive Director
- Tenure: 2.6yrs
- Compensation: CN¥3.08m
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$190.834b
- Shares outstanding: 4.44b
- Website: https://www.sunac.com.cn
Number of Employees
Location
- Sunac China Holdings Limited
- 10/7,Building c7
- Magnetic Plaza
- Tianjin
- 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, develops residential and commercial properties in the People's Republic of China. The company’s property portfolio includes high-rise and mid-r ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/13 12:57 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.