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ITC Properties Group

SEHK:199
Snowflake Description

Slightly overvalued with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
199
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Real Estate
Company description

ITC Properties Group Limited, an investment holding company, primarily engages in the property development and investment activities in the People’s Republic of China, Hong Kong, Canada, Macau, the United Kingdom, and internationally. The last earnings update was 181 days ago. More info.


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199 Share Price and Events
7 Day Returns
0.6%
SEHK:199
3.8%
HK Real Estate
3.9%
HK Market
1 Year Returns
-34.9%
SEHK:199
-1.5%
HK Real Estate
-8.1%
HK Market
199 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ITC Properties Group (199) 0.6% -7.1% -14.1% -34.9% -45.7% -59.8%
HK Real Estate 3.8% 4.2% -3.3% -1.5% 56.2% 53.4%
HK Market 3.9% 3.5% -3.7% -8.1% 24.6% 7.1%
1 Year Return vs Industry and Market
  • 199 underperformed the Real Estate industry which returned -1.5% over the past year.
  • 199 underperformed the Market in Hong Kong which returned -8.1% over the past year.
Price Volatility
199
Industry
5yr Volatility vs Market

Value

 Is ITC Properties Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for ITC Properties Group. This is due to cash flow or dividend data being unavailable. The share price is HK$1.7.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ITC Properties Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ITC Properties Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:199 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in HKD HK$0.20
SEHK:199 Share Price ** SEHK (2019-06-25) in HKD HK$1.7
Hong Kong Real Estate Industry PE Ratio Median Figure of 188 Publicly-Listed Real Estate Companies 6.36x
Hong Kong Market PE Ratio Median Figure of 1,487 Publicly-Listed Companies 10.8x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ITC Properties Group.

SEHK:199 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:199 Share Price ÷ EPS (both in HKD)

= 1.7 ÷ 0.20

8.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ITC Properties Group is overvalued based on earnings compared to the HK Real Estate industry average.
  • ITC Properties Group is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does ITC Properties Group's expected growth come at a high price?
Raw Data
SEHK:199 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
17.1%per year
Hong Kong Real Estate Industry PEG Ratio Median Figure of 60 Publicly-Listed Real Estate Companies 0.28x
Hong Kong Market PEG Ratio Median Figure of 470 Publicly-Listed Companies 0.78x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ITC Properties Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ITC Properties Group's assets?
Raw Data
SEHK:199 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in HKD HK$5.77
SEHK:199 Share Price * SEHK (2019-06-25) in HKD HK$1.7
Hong Kong Real Estate Industry PB Ratio Median Figure of 229 Publicly-Listed Real Estate Companies 0.56x
Hong Kong Market PB Ratio Median Figure of 2,172 Publicly-Listed Companies 0.94x
SEHK:199 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:199 Share Price ÷ Book Value per Share (both in HKD)

= 1.7 ÷ 5.77

0.29x

* Primary Listing of ITC Properties Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ITC Properties Group is good value based on assets compared to the HK Real Estate industry average.
X
Value checks
We assess ITC Properties Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. ITC Properties Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ITC Properties Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover ITC Properties Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ITC Properties Group expected to grow at an attractive rate?
  • ITC Properties Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • ITC Properties Group's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare ITC Properties Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:199 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:199 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 17.1%
Hong Kong Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 5.6%
Hong Kong Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 16.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.1%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:199 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:199 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:199 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-09-30 255 -748 187
2018-06-30 251 -770 185
2018-03-31 246 -791 182
2017-12-31 198 -695 192
2017-09-30 181 -600 202
2017-06-30 183 -663 252
2017-03-31 184 -726 303
2016-12-31 170 -733 725
2016-09-30 156 -741 1,146
2016-06-30 150 -536 1,303
2016-03-31 143 -331 1,460
2015-12-31 128 -245 1,167

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ITC Properties Group's earnings are expected to grow by 17.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if ITC Properties Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:199 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ITC Properties Group Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:199 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:199 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-09-30 0.20
2018-06-30 0.20
2018-03-31 0.20
2017-12-31 0.21
2017-09-30 0.23
2017-06-30 0.29
2017-03-31 0.35
2016-12-31 0.84
2016-09-30 1.34
2016-06-30 1.56
2016-03-31 1.77
2015-12-31 1.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ITC Properties Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess ITC Properties Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ITC Properties Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ITC Properties Group performed over the past 5 years?

  • ITC Properties Group's last earnings update was 181 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ITC Properties Group's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ITC Properties Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • ITC Properties Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ITC Properties Group's 1-year earnings growth is negative, it can't be compared to the HK Real Estate industry average.
Earnings and Revenue History
ITC Properties Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ITC Properties Group Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:199 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 254.98 186.89 337.84
2018-06-30 250.54 184.69 324.93
2018-03-31 246.11 182.49 312.02
2017-12-31 197.54 192.11 313.20
2017-09-30 181.18 201.73 314.39
2017-06-30 182.73 252.48 311.27
2017-03-31 184.29 303.24 308.16
2016-12-31 170.23 724.74 303.90
2016-09-30 156.17 1,146.25 299.64
2016-06-30 149.79 1,303.17 339.94
2016-03-31 143.40 1,460.09 380.23
2015-12-31 128.23 1,167.11 369.06
2015-09-30 113.06 874.12 357.88
2015-06-30 85.80 838.84 293.75
2015-03-31 58.54 803.55 229.62
2014-12-31 42.80 861.08 217.03
2014-09-30 27.06 918.62 204.44
2014-06-30 29.25 652.74 199.30
2014-03-31 31.45 386.85 194.17
2013-12-31 29.70 329.49 180.08
2013-09-30 27.95 272.13 165.98
2013-06-30 26.71 204.85 159.39
2013-03-31 25.48 137.56 152.80
2012-12-31 27.98 180.86 136.20
2012-09-30 30.48 224.17 119.60
2012-06-30 57.22 211.12 121.74

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ITC Properties Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ITC Properties Group used its assets less efficiently than the HK Real Estate industry average last year based on Return on Assets.
  • It is difficult to establish if ITC Properties Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ITC Properties Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ITC Properties Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ITC Properties Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ITC Properties Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ITC Properties Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ITC Properties Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ITC Properties Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ITC Properties Group Company Filings, last reported 8 months ago.

SEHK:199 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 5,637.69 3,637.34 1,122.05
2018-06-30 5,637.69 3,637.34 1,122.05
2018-03-31 5,536.91 3,015.11 886.08
2017-12-31 5,536.91 3,015.11 886.08
2017-09-30 5,785.03 3,002.74 1,428.56
2017-06-30 5,785.03 3,002.74 1,428.56
2017-03-31 5,577.43 3,104.23 1,821.29
2016-12-31 5,577.43 3,104.23 1,821.29
2016-09-30 5,816.02 1,355.89 549.22
2016-06-30 5,816.02 1,355.89 549.22
2016-03-31 5,514.90 1,248.08 628.03
2015-12-31 5,514.90 1,248.08 628.03
2015-09-30 4,647.42 1,823.50 497.65
2015-06-30 4,647.42 1,823.50 497.65
2015-03-31 4,193.79 986.63 645.35
2014-12-31 4,193.79 986.63 645.35
2014-09-30 4,104.96 712.05 795.68
2014-06-30 4,104.96 712.05 795.68
2014-03-31 3,736.60 453.18 758.17
2013-12-31 3,736.60 453.18 758.17
2013-09-30 3,329.60 547.54 882.48
2013-06-30 3,329.60 547.54 882.48
2013-03-31 2,847.17 1,292.82 552.46
2012-12-31 2,847.17 1,292.82 552.46
2012-09-30 2,611.70 1,228.59 452.58
2012-06-30 2,611.70 1,228.59 452.58
  • ITC Properties Group's level of debt (64.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (16.4% vs 64.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on ITC Properties Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess ITC Properties Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ITC Properties Group has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ITC Properties Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
12.94%
Current annual income from ITC Properties Group dividends.
If you bought HK$2,000 of ITC Properties Group shares you are expected to receive HK$259 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ITC Properties Group's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • ITC Properties Group's dividend is above the markets top 25% of dividend payers in Hong Kong (5.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:199 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 143 Stocks 4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:199 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:199 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2018-07-30 0.220 10.421
2018-06-26 0.220 8.887
2017-07-11 0.240 8.526
2017-06-23 0.240 7.758
2016-12-16 0.300 9.488
2016-07-13 0.300 10.052
2016-06-27 0.300 9.532
2015-12-09 0.450 14.286
2015-11-23 0.450 13.190
2015-06-30 0.420 11.080
2014-12-11 0.380 9.338
2014-11-27 0.380 9.266
2014-08-28 0.220 5.681
2013-07-12 0.200 6.041
2013-06-25 0.200 6.237
2012-11-27 0.100 3.223
2012-06-20 0.100 4.196

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ITC Properties Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but ITC Properties Group only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of ITC Properties Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ITC Properties Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ITC Properties Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ITC Properties Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ITC Properties Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Fut Yan Chan
COMPENSATION HK$8,074,000
AGE 64
TENURE AS CEO 14.2 years
CEO Bio

Mr. Fut Yan Chan has been the Managing Director of ITC Properties Group Limited (formerly Cheung Tai Hong Holdings Ltd) since April 20, 2005. Mr. Chan serves as Managing Director of Paul Y. - ITC. He has over 35 years of experience in the local construction field specializing in site supervision, planning of works and progress monitoring. He served as Managing Director of PYI Corporation Limited. He served as an Executive Director of ITC Corporation Limited from December 1997 to March 28, 2017. He serves as Vice Chairman of Rosedale Hotel Group Limited. He served as Vice Chairman of China Agri Products Exchange Limited since October 2000. He served as Deputy Chairman and Executive Director of Louis XIII Holdings Limited (alternate name, Paul Y. Engineering Group Limited) from May 31, 2010 to February 19, 2013. He serves as a Director of ITC Investment and Hollyfield. He has been an Executive Director of ITC Properties Group Limited since April 2005 He serves as Director of Paul Y. - ITC Construction Holdings Limited. Mr. Chan serves as Director of various subsidiaries of the Macau Prime Properties Group. He served as an Executive Director of PYI Corporation Limited.

CEO Compensation
  • Fut Yan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Fut Yan's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the ITC Properties Group management team in years:

2
Average Tenure
57
Average Age
  • The tenure for the ITC Properties Group management team is about average.
Management Team

Hon Kit Cheung

TITLE
Chairman
COMPENSATION
HK$20M
AGE
64

Fut Yan Chan

TITLE
MD & Executive Director
COMPENSATION
HK$8M
AGE
64
TENURE
14.2 yrs

Chi Kit Cheung

TITLE
CFO & Executive Director
COMPENSATION
HK$5M
AGE
52
TENURE
1.6 yrs

Alan Chan

TITLE
Executive Director
COMPENSATION
HK$120K
AGE
35

Benny Wong

TITLE
Executive Director
COMPENSATION
HK$4M
AGE
57

Siu Mun Wong

TITLE
Company Secretary
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the ITC Properties Group board of directors in years:

11
Average Tenure
64
Average Age
  • The average tenure for the ITC Properties Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Hon Kit Cheung

TITLE
Chairman
COMPENSATION
HK$20M
AGE
64
TENURE
14.2 yrs

Fut Yan Chan

TITLE
MD & Executive Director
COMPENSATION
HK$8M
AGE
64
TENURE
14.2 yrs

Abraham Razack Shek

TITLE
Vice Chairman
COMPENSATION
HK$300K
AGE
72
TENURE
8.8 yrs

Chi Kit Cheung

TITLE
CFO & Executive Director
COMPENSATION
HK$5M
AGE
52
TENURE
12.8 yrs

Alan Chan

TITLE
Executive Director
COMPENSATION
HK$120K
AGE
35
TENURE
9.3 yrs

Benny Wong

TITLE
Executive Director
COMPENSATION
HK$4M
AGE
57
TENURE
4.5 yrs

Afonso Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$300K
AGE
71
TENURE
3.8 yrs

Alva Kwok

TITLE
Independent Non-Executive Director
COMPENSATION
HK$200K
AGE
70
TENURE
17.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by ITC Properties Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
12. Apr 19 Buy Yuen Lan Ng Individual 11. Apr 19 11. Apr 19 1,000,000 HK$1.98 HK$1,980,000
14. Mar 19 Buy Yuen Lan Ng Individual 13. Mar 19 13. Mar 19 370,000 HK$2.03 HK$751,100
03. Jan 19 Buy Lai Him Shek Individual 03. Jan 19 03. Jan 19 13,136 HK$2.06 HK$26,996
17. Aug 18 Buy Yuen Lan Ng Individual 14. Aug 18 14. Aug 18 12,515,085 HK$2.25 HK$28,097,635
17. Aug 18 Buy Kwok Keung Chan Individual 14. Aug 18 14. Aug 18 13,586,322 HK$2.25 HK$30,502,671
15. Aug 18 Buy Lai Him Shek Individual 13. Aug 18 13. Aug 18 13,697 HK$2.25 HK$30,751
14. Aug 18 Buy Yiu Lun Chan Individual 14. Aug 18 14. Aug 18 103,065 HK$2.25 HK$231,391
X
Management checks
We assess ITC Properties Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ITC Properties Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Does ITC Properties Group Limited's (HKG:199) PE Ratio Tell You?

ITC Properties Group Limited (HKG:199) is currently trading at a trailing P/E of 11.8x, which is higher than the industry average of 6.4x. … While this makes 199 appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio

Simply Wall St -

Is Buying ITC Properties Group Limited (HKG:199) For Its Upcoming HK$0.12 Dividend A Good Choice?

Investors who want to cash in on ITC Properties Group Limited's (HKG:199) upcoming dividend of HK$0.12 per share have only 2 days left to buy the shares before its ex-dividend date, 17 July 2018, in time for dividends payable on the 17 September 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into ITC Properties Group's latest financial data to analyse its dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:

Simply Wall St -

What Investors Should Know About ITC Properties Group Limited's (HKG:199) Financial Strength

While small-cap stocks, such as ITC Properties Group Limited (HKG:199) with its market cap of HK$2.46b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

With An ROE Of 3.47%, Has ITC Properties Group Limited's (SEHK:199) Management Done A Good Job?

View our latest analysis for ITC Properties Group Breaking down Return on Equity Return on Equity (ROE) is a measure of 199’s profit relative to its shareholders’ equity. … Since 199’s return does not cover its cost, with a difference of -10.06%, this means its current use of equity is not efficient and not sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity SEHK:199 Last Perf Dec 7th 17 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient 199 is with its cost management.

Simply Wall St -

Company Info

Description

ITC Properties Group Limited, an investment holding company, primarily engages in the property development and investment activities in the People’s Republic of China, Hong Kong, Canada, Macau, the United Kingdom, and internationally. It operates through Property, Hotel and Leisure, Securities Investments, and Finance segments. The company is also involved in the investment, development, and operation of hotels and resorts; operation of restaurants; trading and investment of securities; and provision of loan financing, and management services. In addition, it engages in the money lending business. ITC Properties Group Limited is based in Central, Hong Kong.

Details
Name: ITC Properties Group Limited
199
Exchange: SEHK
Founded:
HK$1,644,858,703
967,563,943
Website: http://www.itcproperties.com
Address: ITC Properties Group Limited
Bank of America Tower,
30th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 199 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 27. Jun 1994
Number of employees
Current staff
Staff numbers
308
ITC Properties Group employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 01:39
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2018/06/26
Last earnings filing: 2018/12/27
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.