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1966

China SCE Group HoldingsSEHK:1966 Stock Report

Last Price

HK$1.88

Market Cap

HK$7.9b

7D

10.6%

1Y

-40.1%

Updated

23 Jan, 2022

Data

Company Financials +
1966 fundamental analysis
Snowflake Score
Valuation6/6
Future Growth2/6
Past Performance2/6
Financial Health4/6
Dividends5/6

1966 Stock Overview

China SCE Group Holdings Limited, an investment holding company, engages in the development, investment, and management of properties in the People’s Republic of China.

Price History & Performance

Summary of all time highs, changes and price drops for China SCE Group Holdings
Historical stock prices
Current Share PriceHK$1.88
52 Week HighHK$3.71
52 Week LowHK$1.62
Beta0.87
1 Month Change-2.08%
3 Month Change-27.13%
1 Year Change-40.13%
3 Year Change-40.51%
5 Year Change-24.50%
Change since IPO-17.06%

Recent News & Updates

Dec 27
Should You Think About Buying China SCE Group Holdings Limited (HKG:1966) Now?

Should You Think About Buying China SCE Group Holdings Limited (HKG:1966) Now?

While China SCE Group Holdings Limited ( HKG:1966 ) might not be the most widely known stock at the moment, it saw...

Sep 14
China SCE Group Holdings' (HKG:1966) Dividend Will Be Increased To HK$0.12

China SCE Group Holdings' (HKG:1966) Dividend Will Be Increased To HK$0.12

China SCE Group Holdings Limited ( HKG:1966 ) has announced that it will be increasing its dividend on the 22nd of...

Aug 29
China SCE Group Holdings' (HKG:1966) Shareholders Will Receive A Bigger Dividend Than Last Year

China SCE Group Holdings' (HKG:1966) Shareholders Will Receive A Bigger Dividend Than Last Year

China SCE Group Holdings Limited ( HKG:1966 ) has announced that it will be increasing its dividend on the 22nd of...

Shareholder Returns

1966HK Real EstateHK Market
7D10.6%6.0%1.9%
1Y-40.1%-21.3%-13.5%

Return vs Industry: 1966 underperformed the Hong Kong Real Estate industry which returned -21.3% over the past year.

Return vs Market: 1966 underperformed the Hong Kong Market which returned -13.5% over the past year.

Price Volatility

Is 1966's price volatile compared to industry and market?
1966 volatility
1966 Average Weekly Movement6.6%
Real Estate Industry Average Movement5.6%
Market Average Movement6.7%
10% most volatile stocks in HK Market13.1%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 1966 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 1966's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19879,431Chiu Wonghttps://www.sce-re.com

China SCE Group Holdings Limited, an investment holding company, engages in the development, investment, and management of properties in the People’s Republic of China. It develops residential and commercial real estate, cultural tourism real estate, and industrial real estate properties; rents apartments; and operates and manages shopping malls, residential and public facilities, education, health management, and other business sectors, as well as provides financial services, such as fund management and investment. The company was formerly known as China SCE Property Holdings Limited and changed its name to China SCE Group Holdings Limited in July 2018.

China SCE Group Holdings Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
1966 income statement (TTM)
RevenueCN¥37.82b
Cost of RevenueCN¥29.08b
Gross ProfitCN¥8.75b
ExpensesCN¥4.68b
EarningsCN¥4.07b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.96
Gross Margin23.13%
Net Profit Margin10.75%
Debt/Equity Ratio135.9%

How did 1966 perform over the long term?

See historical performance and comparison

Dividends

15.4%

Current Dividend Yield

25%

Payout Ratio

Valuation

Is China SCE Group 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: 1966 (HK$1.88) is trading below our estimate of fair value (HK$51.54)

Significantly Below Fair Value: 1966 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1966 is good value based on its PE Ratio (1.6x) compared to the Hong Kong Real Estate industry average (6.8x).

PE vs Market: 1966 is good value based on its PE Ratio (1.6x) compared to the Hong Kong market (9.1x).


Price to Earnings Growth Ratio

PEG Ratio: 1966 is good value based on its PEG Ratio (0.1x)


Price to Book Ratio

PB vs Industry: 1966 is good value based on its PB Ratio (0.3x) compared to the HK Real Estate industry average (0.4x).


Future Growth

How is China SCE Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

14.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1966's forecast earnings growth (14.7% per year) is above the savings rate (1.5%).

Earnings vs Market: 1966's earnings (14.7% per year) are forecast to grow slower than the Hong Kong market (16.4% per year).

High Growth Earnings: 1966's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1966's revenue (19.2% per year) is forecast to grow faster than the Hong Kong market (11.6% per year).

High Growth Revenue: 1966's revenue (19.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1966's Return on Equity is forecast to be low in 3 years time (17.4%).


Past Performance

How has China SCE Group Holdings performed over the past 5 years?

15.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1966 has high quality earnings.

Growing Profit Margin: 1966's current net profit margins (10.7%) are lower than last year (14.2%).


Past Earnings Growth Analysis

Earnings Trend: 1966's earnings have grown by 15.3% per year over the past 5 years.

Accelerating Growth: 1966's earnings growth over the past year (9.7%) is below its 5-year average (15.3% per year).

Earnings vs Industry: 1966 earnings growth over the past year (9.7%) underperformed the Real Estate industry 21.7%.


Return on Equity

High ROE: 1966's Return on Equity (11.7%) is considered low.


Financial Health

How is China SCE Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1966's short term assets (CN¥112.3B) exceed its short term liabilities (CN¥95.9B).

Long Term Liabilities: 1966's short term assets (CN¥112.3B) exceed its long term liabilities (CN¥42.7B).


Debt to Equity History and Analysis

Debt Level: 1966's net debt to equity ratio (94.9%) is considered high.

Reducing Debt: 1966's debt to equity ratio has reduced from 161.3% to 135.9% over the past 5 years.

Debt Coverage: 1966's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 1966's interest payments on its debt are well covered by EBIT (13x coverage).


Balance Sheet


Dividend

What is China SCE Group Holdings's current dividend yield, its reliability and sustainability?

15.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1966's dividend (15.42%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.31%).

High Dividend: 1966's dividend (15.42%) is in the top 25% of dividend payers in the Hong Kong market (6.95%)


Stability and Growth of Payments

Stable Dividend: 1966's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1966's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.3%), 1966's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1966's dividends in 3 years are forecast to be well covered by earnings (28.2% payout ratio).


Next Steps

Management

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

12.0yrs

Average board tenure


CEO

Chiu Wong (55 yo)

no data

Tenure

CN¥3,989,000

Compensation

Mr. Chiu Yeung Wong is the Co-Founder, Chairman, Chief Executive Officer and President of China SCE Group Holdings Limited (formerly known as China SCE Property Holdings Limited). Mr. Wong has 13 years of...


CEO Compensation Analysis

Compensation vs Market: Chiu's total compensation ($USD629.28K) is above average for companies of similar size in the Hong Kong market ($USD446.20K).

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


Board Members

Experienced Board: 1966's board of directors are seasoned and experienced ( 12 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 1966 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

China SCE Group Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: China SCE Group Holdings Limited
  • Ticker: 1966
  • Exchange: SEHK
  • Founded: 1987
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: HK$7.938b
  • Shares outstanding: 4.22b
  • Website: https://www.sce-re.com

Number of Employees


Location

  • China SCE Group Holdings Limited
  • Headquarters Building of China SCE Group
  • No. 2 Lane 1688
  • Shanghai
  • Shanghai Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 10:04
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.