China SCE Group Holdings
Market Cap
HK$15.1b
Last Updated
2020/11/28 10:21 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and fair value.
Share Price & News
How has China SCE Group Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1966 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 1966's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
4.4%
1966
0.4%
HK Real Estate
1.5%
HK Market
1 Year Return
-4.3%
1966
-5.5%
HK Real Estate
11.3%
HK Market
Return vs Industry: 1966 exceeded the Hong Kong Real Estate industry which returned -5.6% over the past year.
Return vs Market: 1966 underperformed the Hong Kong Market which returned 11.5% over the past year.
Shareholder returns
| 1966 | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.4% | 0.4% | 1.5% |
| 30 Day | 6.6% | 8.5% | 8.1% |
| 90 Day | -12.7% | -1.6% | 6.0% |
| 1 Year | 2.5%-4.3% | -0.5%-5.5% | 15.9%11.3% |
| 3 Year | 26.7%4.7% | 0.6%-12.1% | 1.7%-8.9% |
| 5 Year | 173.6%106.4% | 45.7%16.8% | 33.3%10.8% |
Long-Term Price Volatility Vs. Market
How volatile is China SCE Group Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
How Many China SCE Group Holdings Limited (HKG:1966) Shares Did Insiders Buy, In The Last Year?1 week ago | Simply Wall St
China SCE Group Holdings (HKG:1966) Has Gifted Shareholders With A Fantastic 171% Total Return On Their Investment3 weeks ago | Simply Wall St
Here's Why We Think China SCE Group Holdings (HKG:1966) Is Well Worth WatchingValuation
Is China SCE Group Holdings undervalued compared to its fair value and its price relative to the market?
3.4x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1966 (HK$3.57) is trading above our estimate of fair value (HK$3.52)
Significantly Below Fair Value: 1966 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 1966 is good value based on its PE Ratio (3.4x) compared to the HK Real Estate industry average (8.7x).
PE vs Market: 1966 is good value based on its PE Ratio (3.4x) compared to the Hong Kong market (11.3x).
Price to Earnings Growth Ratio
PEG Ratio: 1966 is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: 1966 is overvalued based on its PB Ratio (0.7x) compared to the HK Real Estate industry average (0.4x).
Next Steps
Future Growth
How is China SCE Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
19.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1966's forecast earnings growth (19.5% per year) is above the savings rate (1.6%).
Earnings vs Market: 1966's earnings (19.5% per year) are forecast to grow slower than the Hong Kong market (22.1% per year).
High Growth Earnings: 1966's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1966's revenue (23.7% per year) is forecast to grow faster than the Hong Kong market (13.7% per year).
High Growth Revenue: 1966's revenue (23.7% per year) is forecast to grow faster 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 (19.9%).
Next Steps
Past Performance
How has China SCE Group Holdings performed over the past 5 years?
24.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1966 has a high level of non-cash earnings.
Growing Profit Margin: 1966's current net profit margins (14.2%) are lower than last year (17.5%).
Past Earnings Growth Analysis
Earnings Trend: 1966's earnings have grown significantly by 24.7% per year over the past 5 years.
Accelerating Growth: 1966's earnings growth over the past year (12.9%) is below its 5-year average (24.7% per year).
Earnings vs Industry: 1966 earnings growth over the past year (12.9%) exceeded the Real Estate industry 1.9%.
Return on Equity
High ROE: 1966's Return on Equity (14.5%) is considered low.
Next Steps
Financial Health
How is China SCE Group Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1966's short term assets (CN¥107.2B) exceed its short term liabilities (CN¥102.4B).
Long Term Liabilities: 1966's short term assets (CN¥107.2B) exceed its long term liabilities (CN¥29.1B).
Debt to Equity History and Analysis
Debt Level: 1966's debt to equity ratio (181.6%) is considered high.
Reducing Debt: 1966's debt to equity ratio has increased from 88.9% to 181.6% 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 (24.5x coverage).
Balance Sheet
Next Steps
Dividend
What is China SCE Group Holdings's current dividend yield, its reliability and sustainability?
6.70%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1966's dividend (6.7%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.21%).
High Dividend: 1966's dividend (6.7%) is in the top 25% of dividend payers in the Hong Kong market (6.57%)
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 (25.5%), 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 (33.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.8yrs
Average board tenure
CEO
Chiu Wong (54 yo)
no data
Tenure
CN¥4,118,000
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 ($USD626.05K) is about average for companies of similar size in the Hong Kong market ($USD606.26K).
Compensation vs Earnings: Chiu's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | no data | CN¥4.12m | 50.05% CN¥ 7.5b | |
| Co-Founder & Vice Chairman | no data | CN¥13.00m | 5.45% CN¥ 821.9m | |
| Co-Founder & Vice Chairman | no data | CN¥13.00m | 5.93% CN¥ 893.3m | |
| Executive President & Executive Director | 9.5yrs | CN¥10.77m | no data | |
| Assistant President & Executive Director | 3.67yrs | CN¥2.56m | no data | |
| CEO & Vice Chairman of Funlive Rental Apartments Business | no data | no data | no data | |
| Independent Non-Executive Director | 10.83yrs | CN¥296.00k | no data | |
| Independent Non-Executive Director | 10.83yrs | CN¥296.00k | no data | |
| Independent Non-Executive Director | 10.83yrs | CN¥296.00k | no data |
10.8yrs
Average Tenure
53yo
Average Age
Experienced Board: 1966's board of directors are seasoned and experienced ( 10.8 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
China SCE Group Holdings Limited's company bio, 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
- Market Cap: HK$15.073b
- Shares outstanding: 4.22b
- Website: https://www.sce-re.com
Number of Employees
Location
- China SCE Group Holdings Limited
- SCE Tower
- Lane 1688
- Shanghai
- Shanghai Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1966 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Feb 2010 |
| XSP | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Feb 2010 |
| 1966 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Feb 2010 |
| 1966 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Feb 2010 |
| XSP | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Feb 2010 |
Biography
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. Its properties include high and low ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/28 10:21 |
| End of Day Share Price | 2020/11/27 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.