Dexin China Holdings
Market Cap
HK$8.0b
Last Updated
2021/01/26 10:07 UTC
Data Sources
Company Financials +
Executive Summary
Dexin China Holdings Company Limited, an investment holding company, engages in the property development business in China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with reasonable growth potential.
Share Price & News
How has Dexin China Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2019 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 2019's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0%
2019
1.2%
HK Real Estate
4.1%
HK Market
1 Year Return
-3.9%
2019
-10.0%
HK Real Estate
16.9%
HK Market
Return vs Industry: 2019 exceeded the Hong Kong Real Estate industry which returned -10% over the past year.
Return vs Market: 2019 underperformed the Hong Kong Market which returned 16.9% over the past year.
Shareholder returns
| 2019 | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 1.2% | 4.1% |
| 30 Day | 1.4% | 7.5% | 14.8% |
| 90 Day | -4.5% | 6.6% | 21.4% |
| 1 Year | -0.9%-3.9% | -5.5%-10.0% | 21.6%16.9% |
| 3 Year | n/a | -15.4%-26.3% | -3.4%-13.7% |
| 5 Year | n/a | 67.5%33.0% | 67.8%39.1% |
Long-Term Price Volatility Vs. Market
How volatile is Dexin China Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Boasting A 18% Return On Equity, Is Dexin China Holdings Company Limited (HKG:2019) A Top Quality Stock?3 months ago | Simply Wall St
Is Dexin China Holdings (HKG:2019) A Risky Investment?5 months ago | Simply Wall St
Why Dexin China Holdings Company Limited (HKG:2019) Looks Like A Quality CompanyValuation
Is Dexin China Holdings undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2019 (HK$2.97) is trading below our estimate of fair value (HK$11.54)
Significantly Below Fair Value: 2019 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2019 is good value based on its PE Ratio (5.3x) compared to the HK Real Estate industry average (8.5x).
PE vs Market: 2019 is good value based on its PE Ratio (5.3x) compared to the Hong Kong market (12x).
Price to Earnings Growth Ratio
PEG Ratio: 2019 is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: 2019 is overvalued based on its PB Ratio (1.2x) compared to the HK Real Estate industry average (0.4x).
Next Steps
Future Growth
How is Dexin China Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
26.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2019's forecast earnings growth (26% per year) is above the savings rate (1.5%).
Earnings vs Market: 2019's earnings (26% per year) are forecast to grow faster than the Hong Kong market (21.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2019's revenue (14.9% per year) is forecast to grow faster than the Hong Kong market (14.6% per year).
High Growth Revenue: 2019's revenue (14.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2019's Return on Equity is forecast to be low in 3 years time (10.5%).
Next Steps
Past Performance
How has Dexin China Holdings performed over the past 5 years?
30.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2019 has high quality earnings.
Growing Profit Margin: 2019's current net profit margins (9.2%) are lower than last year (21.8%).
Past Earnings Growth Analysis
Earnings Trend: 2019's earnings have grown significantly by 30.8% per year over the past 5 years.
Accelerating Growth: 2019's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2019 had negative earnings growth (-37.5%) over the past year, making it difficult to compare to the Real Estate industry average (6.1%).
Return on Equity
High ROE: 2019's Return on Equity (18%) is considered low.
Next Steps
Financial Health
How is Dexin China Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 2019's short term assets (CN¥69.0B) exceed its short term liabilities (CN¥51.5B).
Long Term Liabilities: 2019's short term assets (CN¥69.0B) exceed its long term liabilities (CN¥14.5B).
Debt to Equity History and Analysis
Debt Level: 2019's debt to equity ratio (180.3%) is considered high.
Reducing Debt: Insufficient data to determine if 2019's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2019's debt is not well covered by operating cash flow (2.6%).
Interest Coverage: 2019's interest payments on its debt are well covered by EBIT (4.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Dexin China Holdings's current dividend yield, its reliability and sustainability?
10.07%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 2019's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 2019'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 2019's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2019's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 2019 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 2019'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?
2.4yrs
Average management tenure
CEO
Zhongmin Fei (50 yo)
2.42yrs
Tenure
CN¥2,047,000
Compensation
Mr. Fei Zhongmin has been a Director of Dexin China Holdings Company Limited since January 16, 2018. Mr. Fei Zhongmin re-designated as an Executive Director and was President of Dexin China Holdings Compan...
CEO Compensation Analysis
Compensation vs Market: Zhongmin's total compensation ($USD315.90K) is about average for companies of similar size in the Hong Kong market ($USD424.64K).
Compensation vs Earnings: Zhongmin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 2.42yrs | CN¥590.00k | 2.77% CN¥ 222.6m | |
| President & Executive Director | 2.42yrs | CN¥2.05m | 1.45% CN¥ 116.3m | |
| Executive Vice President | 2.42yrs | no data | no data | |
| Executive Director | 0.42yr | no data | 0.19% CN¥ 15.2m | |
| Company Secretary | 2.67yrs | no data | no data |
2.4yrs
Average Tenure
45yo
Average Age
Experienced Management: 2019's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 2.42yrs | CN¥590.00k | 2.77% CN¥ 222.6m | |
| President & Executive Director | 2.42yrs | CN¥2.05m | 1.45% CN¥ 116.3m | |
| Executive Director | 0.42yr | no data | 0.19% CN¥ 15.2m | |
| Independent Non-Executive Director | 2yrs | no data | no data | |
| Independent Non-Executive Director | 2yrs | CN¥114.00k | no data | |
| Non-Executive Director | 2.42yrs | no data | no data | |
| Independent Non-Executive Director | 2yrs | CN¥114.00k | no data |
2.0yrs
Average Tenure
53yo
Average Age
Experienced Board: 2019's board of directors are not considered experienced ( 2 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Dexin China Holdings Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dexin China Holdings Company Limited
- Ticker: 2019
- Exchange: SEHK
- Founded: 1993
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: HK$8.023b
- Shares outstanding: 2.70b
- Website: https://www.dothinkgroup.com
Number of Employees
Location
- Dexin China Holdings Company Limited
- No. 588 Huanzhan East Road
- Jianggan District
- Hangzhou
- Zhejiang Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2019 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Feb 2019 |
| 26X | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Feb 2019 |
| 2019 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Feb 2019 |
Biography
Dexin China Holdings Company Limited, an investment holding company, engages in the property development business in China. It operates through three segments: Property Development and Constructions, Prope...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 10:07 |
| End of Day Share Price | 2021/01/26 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.