SEHK:199

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ITC Properties Group

Executive Summary

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.


Snowflake Analysis

Unattractive dividend payer with imperfect balance sheet.


Similar Companies

Share Price & News

How has ITC Properties Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 199 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

9.1%

199

5.8%

HK Real Estate

4.0%

HK Market


1 Year Return

-47.3%

199

-12.6%

HK Real Estate

-4.9%

HK Market

Return vs Industry: 199 underperformed the Hong Kong Real Estate industry which returned -14.8% over the past year.

Return vs Market: 199 underperformed the Hong Kong Market which returned -6.6% over the past year.


Shareholder returns

199IndustryMarket
7 Day9.1%5.8%4.0%
30 Day5.5%7.4%5.3%
90 Day6.7%11.1%13.3%
1 Year-42.0%-47.3%-8.0%-12.6%-1.4%-4.9%
3 Year-59.2%-68.6%21.6%7.1%7.7%-3.5%
5 Year-63.2%-76.2%41.6%16.2%7.1%-10.3%

Price Volatility Vs. Market

How volatile is ITC Properties Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ITC Properties Group undervalued compared to its fair value and its price relative to the market?

0.23x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 199 (HK$0.96) is trading above our estimate of fair value (HK$0.74)

Significantly Below Fair Value: 199 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 199 is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: 199 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 199's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 199 is good value based on its PB Ratio (0.2x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

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

11.4%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ITC Properties Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

-63.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 199 is currently unprofitable.

Growing Profit Margin: 199 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 199 is unprofitable, and losses have increased over the past 5 years at a rate of -63.2% per year.

Accelerating Growth: Unable to compare 199's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 199 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (3.7%).


Return on Equity

High ROE: 199 has a negative Return on Equity (-23.93%), as it is currently unprofitable.


Next Steps

Financial Health

How is ITC Properties Group's financial position?


Financial Position Analysis

Short Term Liabilities: 199's short term assets (HK$2.9B) exceed its short term liabilities (HK$2.3B).

Long Term Liabilities: 199's short term assets (HK$2.9B) exceed its long term liabilities (HK$1.5B).


Debt to Equity History and Analysis

Debt Level: 199's debt to equity ratio (83.6%) is considered high.

Reducing Debt: 199's debt to equity ratio has increased from 23.9% to 83.6% over the past 5 years.

Debt Coverage: 199's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 199's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

8.33%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 199's dividend (8.33%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.39%).

High Dividend: 199's dividend (8.33%) is in the top 25% of dividend payers in the Hong Kong market (6.84%)


Stability and Growth of Payments

Stable Dividend: 199 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 199 has only been paying a dividend for 8 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: 199 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Fut Yan Chan (66yo)

15.25yrs

Tenure

HK$8,488,000

Compensation

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 o ...


CEO Compensation Analysis

Compensation vs Market: Fut Yan's total compensation ($USD1.10M) is above average for companies of similar size in the Hong Kong market ($USD229.14K).

Compensation vs Earnings: Fut Yan's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Hon Kit Cheung
Chairman15.25yrsHK$20.33m5.1% HK$46.4m
Fut Yan Chan
MD & Executive Director15.25yrsHK$8.49m0.35% HK$3.2m
Chi Kit Cheung
CFO & Executive Director13.92yrsHK$5.44m0.30% HK$2.7m
Yiu Lun Chan
Executive Director10.33yrsHK$6.35m0.41% HK$3.8m
Lai Shun Wong
Executive Director5.58yrsHK$4.58m0.024% HK$218.5k
Siu Mun Wong
Company Secretary3.08yrsno datano data

3.1yrs

Average Tenure

59yo

Average Age

Experienced Management: 199's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hon Kit Cheung
Chairman15.25yrsHK$20.33m5.1% HK$46.4m
Fut Yan Chan
MD & Executive Director15.25yrsHK$8.49m0.35% HK$3.2m
Chi Kit Cheung
CFO & Executive Director13.92yrsHK$5.44m0.30% HK$2.7m
Yiu Lun Chan
Executive Director10.33yrsHK$6.35m0.41% HK$3.8m
Lai Shun Wong
Executive Director5.58yrsHK$4.58m0.024% HK$218.5k
Lai Him Shek
Independent Vice Chairman9.83yrsHK$359.00k0.032% HK$289.2k
Ka Lap Kwok
Independent Non-Executive Director18.75yrsHK$236.00k0.065% HK$592.3k
Pak Cheong Chan
Independent Non-Executive Director4.92yrsHK$336.00kno data

12.1yrs

Average Tenure

66yo

Average Age

Experienced Board: 199's board of directors are seasoned and experienced ( 12.1 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

ITC Properties Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ITC Properties Group Limited
  • Ticker: 199
  • Exchange: SEHK
  • Founded:
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$909.522m
  • Shares outstanding: 957.39m
  • Website: https://www.itcproperties.com

Number of Employees


Location

  • ITC Properties Group Limited
  • Bank of America Tower
  • 30th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
199SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 1994

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/03 12:45
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.