207 Stock Overview
Joy City Property Limited, an investment holding company, engages in the property investment and development, property management, and hotel operation activities in Mainland China and Hong Kong.
Joy City Property Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.24|
|52 Week High||HK$0.43|
|52 Week Low||HK$0.24|
|1 Month Change||-10.94%|
|3 Month Change||-21.33%|
|1 Year Change||-42.44%|
|3 Year Change||-71.22%|
|5 Year Change||-83.95%|
|Change since IPO||-88.60%|
Recent News & Updates
|207||HK Real Estate||HK Market|
Return vs Industry: 207 underperformed the Hong Kong Real Estate industry which returned -33.3% over the past year.
Return vs Market: 207 underperformed the Hong Kong Market which returned -25.9% over the past year.
|207 Average Weekly Movement||3.1%|
|Real Estate Industry Average Movement||5.8%|
|Market Average Movement||6.3%|
|10% most volatile stocks in HK Market||12.6%|
|10% least volatile stocks in HK Market||3.1%|
Stable Share Price: 207 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 207's weekly volatility (3%) has been stable over the past year.
About the Company
Joy City Property Limited, an investment holding company, engages in the property investment and development, property management, and hotel operation activities in Mainland China and Hong Kong. It operates through Property Investment, Property and Land Development, Hotel Operations, Output Management Project, and Other Services segments. The company engages in the development, operation, sale, leasing, and management of mixed use complexes and other commercial properties, including shopping centers, hotels, offices, serviced apartments, and resort and tourist properties.
Joy City Property Fundamentals Summary
|207 fundamental statistics|
Is 207 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|207 income statement (TTM)|
|Cost of Revenue||CN¥10.38b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.059|
|Net Profit Margin||5.02%|
How did 207 perform over the long term?See historical performance and comparison
Is 207 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 207?
Other financial metrics that can be useful for relative valuation.
|What is 207's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 207's PE Ratio compare to its peers?
|207 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
480 HKR International
369 Wing Tai Properties
50 Hong Kong Ferry (Holdings)
535 Gemdale Properties and Investment
207 Joy City Property
Price-To-Earnings vs Peers: 207 is good value based on its Price-To-Earnings Ratio (3.6x) compared to the peer average (7.8x).
Price to Earnings Ratio vs Industry
How does 207's PE Ratio compare vs other companies in the HK Real Estate Industry?
Price-To-Earnings vs Industry: 207 is good value based on its Price-To-Earnings Ratio (3.6x) compared to the Hong Kong Real Estate industry average (6.2x)
Price to Earnings Ratio vs Fair Ratio
What is 207's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||3.6x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 207's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 207 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 207 (HK$0.24) is trading below our estimate of fair value (HK$12.57)
Significantly Below Fair Value: 207 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is Joy City Property forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if 207's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if 207's earnings are forecast to grow faster than the Hong Kong market
High Growth Earnings: Insufficient data to determine if 207's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 207's revenue (11.4% per year) is forecast to grow faster than the Hong Kong market (9.9% per year).
High Growth Revenue: 207's revenue (11.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 207's Return on Equity is forecast to be high in 3 years time
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How has Joy City Property performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 207 has high quality earnings.
Growing Profit Margin: 207's current net profit margins (5%) are lower than last year (10.5%).
Past Earnings Growth Analysis
Earnings Trend: 207's earnings have declined by 11.2% per year over the past 5 years.
Accelerating Growth: 207's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 207 had negative earnings growth (-47.3%) over the past year, making it difficult to compare to the Real Estate industry average (-10.4%).
Return on Equity
High ROE: 207's Return on Equity (3.5%) is considered low.
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How is Joy City Property's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 207's short term assets (CN¥61.8B) exceed its short term liabilities (CN¥40.1B).
Long Term Liabilities: 207's short term assets (CN¥61.8B) exceed its long term liabilities (CN¥38.9B).
Debt to Equity History and Analysis
Debt Level: 207's net debt to equity ratio (48.8%) is considered high.
Reducing Debt: 207's debt to equity ratio has increased from 50.3% to 70.7% over the past 5 years.
Debt Coverage: 207's debt is not well covered by operating cash flow (8%).
Interest Coverage: 207's interest payments on its debt are well covered by EBIT (5.7x coverage).
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What is Joy City Property current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Joy City Property Dividend Yield vs Market|
|Company (Joy City Property)||0%|
|Market Bottom 25% (HK)||2.9%|
|Market Top 25% (HK)||8.7%|
|Industry Average (Real Estate)||5.8%|
|Analyst forecast in 3 Years (Joy City Property)||0%|
Notable Dividend: Unable to evaluate 207's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 207'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 207's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 207's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: 207 is not paying a notable dividend for the Hong Kong market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as 207 has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ronggen Cao (59 yo)
Mr. Ronggen Cao is the General Manager and Director of Grandjoy Holdings Group Co., Ltd. (formerly known as COFCO Property (Group) Co., Ltd.) since May 05, 2017. He has been an Executive Director of Joy Ci...
CEO Compensation Analysis
|Ronggen Cao's Compensation vs Joy City Property Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||CN¥3m||CN¥3m|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||CN¥2m||CN¥2m|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||CN¥2m||CN¥2m|
Compensation vs Market: Ronggen's total compensation ($USD451.19K) is about average for companies of similar size in the Hong Kong market ($USD423.83K).
Compensation vs Earnings: Ronggen's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: 207's management team is considered experienced (3 years average tenure).
Experienced Board: 207's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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.
|Owner Type||Number of Shares||Ownership Percentage|
|Sovereign Wealth Funds||1,135,920,000||8.0%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Joy City Property Limited's employee growth, exchange listings and data sources
- Name: Joy City Property Limited
- Ticker: 207
- Exchange: SEHK
- Founded: 1992
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Implied Market Cap: HK$3.544b
- Shares outstanding: 14.23b
- Website: https://www.joy-cityproperty.com
Number of Employees
- Joy City Property Limited
- COFCO Tower
- 33rd Floor
- Causeway Bay
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|207||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Dec 2013|
|HKP||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 2013|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 00:00|
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.