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199

ITC Properties GroupSEHK:199 Stock Report

Market Cap

HK$979.4m

7D

0%

1Y

18.6%

Updated

19 Oct, 2021

Data

Company Financials
199 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

199 Overview

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.

ITC Properties Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ITC Properties Group
Historical stock prices
Current Share PriceHK$1.02
52 Week HighHK$0.70
52 Week LowHK$1.24
Beta0.30
1 Month Change-0.97%
3 Month Change7.37%
1 Year Change18.61%
3 Year Change-55.26%
5 Year Change-64.34%
Change since IPO-99.65%

Recent News & Updates

Shareholder Returns

199HK Real EstateHK Market
7D0%0.6%0.7%
1Y18.6%-12.1%5.7%

Return vs Industry: 199 exceeded the Hong Kong Real Estate industry which returned -12.1% over the past year.

Return vs Market: 199 exceeded the Hong Kong Market which returned 5.7% over the past year.

Price Volatility

Is 199's price volatile compared to industry and market?
199 volatility
199 Beta0.30
Industry Beta0.85
Market Beta1

Stable Share Price: 199 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 199's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a257Chi Kit Cheunghttps://www.itcproperties.com

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.

ITC Properties Group Fundamentals Summary

How do ITC Properties Group's earnings and revenue compare to its market cap?
199 fundamental statistics
Market CapHK$979.38m
Earnings (TTM)-HK$662.16m
Revenue (TTM)HK$228.14m

4.3x

P/S Ratio

-1.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
199 income statement (TTM)
RevenueHK$228.14m
Cost of RevenueHK$190.01m
Gross ProfitHK$38.14m
ExpensesHK$700.30m
Earnings-HK$662.16m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.69
Gross Margin16.72%
Net Profit Margin-290.24%
Debt/Equity Ratio76.9%

How did 199 perform over the long term?

See historical performance and comparison

Valuation

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

0.28x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 199's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 199's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 199 is unprofitable, so we can't compare its PE Ratio to the Hong Kong 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 (0.3x) compared to the HK Real Estate industry average (0.4x).


Future Growth

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

17.9%

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.


Past Performance

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

-75.0%

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 75% 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 (23.4%).


Return on Equity

High ROE: 199 has a negative Return on Equity (-19.01%), as it is currently unprofitable.


Financial Health

How is ITC Properties Group's financial position?


Financial Position Analysis

Short Term Liabilities: 199's short term assets (HK$2.6B) do not cover its short term liabilities (HK$2.9B).

Long Term Liabilities: 199's short term assets (HK$2.6B) exceed its long term liabilities (HK$202.1M).


Debt to Equity History and Analysis

Debt Level: 199's debt to equity ratio (76.9%) is considered high.

Reducing Debt: 199's debt to equity ratio has increased from 22.6% to 76.9% 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


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 199's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 199's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 199's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 199's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 199 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 199's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

0.7yrs

Average management tenure


CEO

Chi Kit Cheung (55 yo)

0.67

Tenure

HK$2,447,000

Compensation

Mr. Cheung Chi Kit has been the Managing Director at ITC Properties Group Ltd since February 1, 2021 and served as its Chief Financial Officer since November 22, 2017 until February 1, 2021. Mr. Cheung ser...


CEO Compensation Analysis

Compensation vs Market: Chi Kit's total compensation ($USD314.57K) is above average for companies of similar size in the Hong Kong market ($USD228.44K).

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


Leadership Team

Experienced Management: 199's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: 199's board of directors are seasoned and experienced ( 11.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: 199 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 employee growth, exchange listings and data sources


Key Information

  • Name: ITC Properties Group Limited
  • Ticker: 199
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$979.379m
  • Shares outstanding: 960.18m
  • Website: https://www.itcproperties.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 10:05
End of Day Share Price2021/10/18 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.