SEHK:1996

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Redsun Properties Group

Executive Summary

Redsun Properties Group Limited engages in the property development business in the People’s Republic of China. More Details


Snowflake Analysis

Reasonable growth potential and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 1996 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.4%

1996

-2.7%

HK Real Estate

-0.7%

HK Market


1 Year Return

11.8%

1996

-14.4%

HK Real Estate

0.4%

HK Market

Return vs Industry: 1996 exceeded the Hong Kong Real Estate industry which returned -13.9% over the past year.

Return vs Market: 1996 exceeded the Hong Kong Market which returned 0.3% over the past year.


Shareholder returns

1996IndustryMarket
7 Day0.4%-2.7%-0.7%
30 Day6.4%-3.4%4.9%
90 Day4.0%-6.4%1.2%
1 Year17.5%11.8%-9.9%-14.4%4.6%0.4%
3 Yearn/a-10.3%-24.0%-7.1%-17.2%
5 Yearn/a30.2%4.6%15.0%-4.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

5.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1996 (HK$2.84) is trading above our estimate of fair value (HK$1.61)

Significantly Below Fair Value: 1996 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1996 is good value based on its PE Ratio (5.8x) compared to the HK Real Estate industry average (8.6x).

PE vs Market: 1996 is good value based on its PE Ratio (5.8x) compared to the Hong Kong market (11x).


Price to Earnings Growth Ratio

PEG Ratio: 1996 is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: 1996 is overvalued based on its PB Ratio (0.6x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

How is Redsun Properties Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

20.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1996's forecast earnings growth (20.3% per year) is above the savings rate (1.6%).

Earnings vs Market: 1996's earnings (20.3% per year) are forecast to grow slower than the Hong Kong market (22.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1996's revenue (20.6% per year) is forecast to grow faster than the Hong Kong market (13.2% per year).

High Growth Revenue: 1996's revenue (20.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1996's Return on Equity is forecast to be low in 3 years time (11.2%).


Next Steps

Past Performance

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

6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1996 has high quality earnings.

Growing Profit Margin: 1996's current net profit margins (6.7%) are lower than last year (16.1%).


Past Earnings Growth Analysis

Earnings Trend: 1996's earnings have grown by 6.3% per year over the past 5 years.

Accelerating Growth: 1996's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1996 had negative earnings growth (-6.8%) over the past year, making it difficult to compare to the Real Estate industry average (-6.4%).


Return on Equity

High ROE: 1996's Return on Equity (9%) is considered low.


Next Steps

Financial Health

How is Redsun Properties Group's financial position?


Financial Position Analysis

Short Term Liabilities: 1996's short term assets (CN¥78.8B) exceed its short term liabilities (CN¥57.1B).

Long Term Liabilities: 1996's short term assets (CN¥78.8B) exceed its long term liabilities (CN¥24.5B).


Debt to Equity History and Analysis

Debt Level: 1996's debt to equity ratio (159.4%) is considered high.

Reducing Debt: Insufficient data to determine if 1996's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1996's debt is not well covered by operating cash flow (0.2%).

Interest Coverage: 1996's interest payments on its debt are well covered by EBIT (4.8x coverage).


Balance Sheet


Next Steps

Dividend

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

4.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1996's dividend (4.33%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).

High Dividend: 1996's dividend (4.33%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.9%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 1996 has been paying a dividend for less than 10 years.

Growing Dividend: 1996's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.3%), 1996's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 1996'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?

2.1yrs

Average management tenure


CEO

Jie He (56 yo)

2.58yrs

Tenure

CN¥6,974,000

Compensation

Mr. Jie He has been Chief Executive Officer and Executive Director of Redsun Properties Group Limited since March 15, 2018. In addition, Mr. He also serves as a director of the following subsidiaries of th ...


CEO Compensation Analysis

Compensation vs Market: Jie's total compensation ($USD1.04M) is above average for companies of similar size in the Hong Kong market ($USD559.67K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Huansha Zeng
Chairman2.83yrsCN¥217.00kno data
Jie He
CEO & Executive Director2.58yrsCN¥6.97mno data
Wai Pang Lui
VP & Executive Director1.25yrsCN¥2.69mno data
Jie Jia
Chief Financial Officer2.58yrsno datano data
Chunhua Ge
Vice Chief Executive Officer2.58yrsno datano data
Chun Yuan
Associate President1yrno datano data
Lok Kwan Yim
Company Secretary2.33yrsno datano data
Guangping Shen
Financial Controller1.92yrsno datano data
Li Yonggang
Joint Company Secretary1.5yrsno datano data

2.1yrs

Average Tenure

45yo

Average Age

Experienced Management: 1996's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Huansha Zeng
Chairman2.83yrsCN¥217.00kno data
Jie He
CEO & Executive Director2.58yrsCN¥6.97mno data
Wai Pang Lui
VP & Executive Director1.25yrsCN¥2.69mno data
Po Fung Au Yeung
Independent Non-Executive Director2.33yrsCN¥270.00kno data
Yau Wan Leung
Independent Non-Executive Director2.33yrsCN¥270.00kno data
Kwok Tung Lee
Independent Non-Executive Director2.33yrsCN¥270.00kno data
Liang Zhang
Non-Executive Director2.58yrsCN¥5.17mno data
Daqiang Jiang
Non-Executive Director2.58yrsCN¥5.92mno data

2.5yrs

Average Tenure

52yo

Average Age

Experienced Board: 1996's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Redsun Properties Group Limited
  • Ticker: 1996
  • Exchange: SEHK
  • Founded: 2017
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$9.567b
  • Shares outstanding: 3.32b
  • Website: https://www.rsunproperty.hk

Number of Employees


Location

  • Redsun Properties Group Limited
  • Redsun Tower, Building 12, Phase 2
  • 6th Floor, Zhongjun Plaza
  • Shanghai
  • Shanghai Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1996SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2018
1996SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 2018

Biography

Redsun Properties Group Limited engages in the property development business in the People’s Republic of China. It operates in three segments: Property Development, Commercial Property Investment and Opera ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 12:46
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.