SEHK:21

Stock Analysis Report

Great China Properties Holdings

Executive Summary

Great China Properties Holdings Limited, an investment holding company, engages in the property development and investment business in the People’s Republic of China.


Snowflake Analysis

Excellent balance sheet with acceptable track record.

Share Price & News

How has Great China Properties Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 21 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.7%

21

5.1%

HK Real Estate

2.9%

HK Market


1 Year Return

12.4%

21

-2.2%

HK Real Estate

-3.8%

HK Market

Return vs Industry: 21 exceeded the Hong Kong Real Estate industry which returned -1.9% over the past year.

Return vs Market: 21 exceeded the Hong Kong Market which returned -2.9% over the past year.


Shareholder returns

21IndustryMarket
7 Day1.7%5.1%2.9%
30 Day-6.3%-4.5%-4.1%
90 Day-2.5%3.7%2.9%
1 Year12.4%12.4%2.2%-2.2%-0.2%-3.8%
3 Year-52.8%-52.8%46.9%31.2%15.3%3.7%
5 Year-54.6%-54.6%67.1%36.8%16.8%-2.7%

Price Volatility Vs. Market

How volatile is Great China Properties Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Great China Properties Holdings undervalued compared to its fair value and its price relative to the market?

12.58x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 21's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 21's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 21 is poor value based on its PE Ratio (12.6x) compared to the Real Estate industry average (6.8x).

PE vs Market: 21 is poor value based on its PE Ratio (12.6x) compared to the Hong Kong market (10.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 21's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 21 is good value based on its PB Ratio (0.4x) compared to the HK Real Estate industry average (0.5x).


Next Steps

Future Growth

How is Great China Properties Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.5%

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 Great China Properties Holdings 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 Great China Properties Holdings performed over the past 5 years?

27.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 21 has high quality earnings.

Growing Profit Margin: 21 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 21 has become profitable over the past 5 years, growing earnings by 27% per year.

Accelerating Growth: 21 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 21 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (-9.7%).


Return on Equity

High ROE: 21's Return on Equity (3.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Great China Properties Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 21's short term assets (HK$766.2M) do not cover its short term liabilities (HK$1.1B).

Long Term Liabilities: 21's short term assets (HK$766.2M) exceed its long term liabilities (HK$170.9M).


Debt to Equity History and Analysis

Debt Level: 21 is debt free.

Reducing Debt: 21 has no debt compared to 5 years ago when its debt to equity ratio was 19.1%.


Balance Sheet

Inventory Level: 21 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 21's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 21 is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: 21 is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is Great China Properties Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.2%markettop25%6.3%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 21's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 21's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 21's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 21's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 21'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?

12.7yrs

Average board tenure


CEO

Wenxi Huang (35yo)

12.5yrs

Tenure

HK$1,322,000

Compensation

Ms. Wenxi Huang has been the Chief Executive Officer of Great China Properties Holdings Limited (formerly Waytung Global Group Limited) since August 23, 2007. Ms. Huang has been an Executive Director for G ...


CEO Compensation Analysis

Compensation vs Market: Wenxi's total compensation ($USD170.21K) is about average for companies of similar size in the Hong Kong market ($USD225.53K).

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


Board Members

NamePositionTenureCompensationOwnership
Shih Huang
Chairman12.7yrsHK$150.00k46.49% HK$218.1m
Wenxi Huang
CEO & Executive Director12.5yrsHK$1.32m15.99% HK$75.0m
Pak Sum Lum
Independent Non-Executive Director12.5yrsHK$150.00kno data
Kwan Leung
Independent Non-Executive Director13.7yrsHK$150.00kno data
Hong Kei Cheng
Independent Non-Executive Director13.7yrsHK$150.00kno data

12.7yrs

Average Tenure

58yo

Average Age

Experienced Board: 21's board of directors are seasoned and experienced ( 12.7 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Great China Properties Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Great China Properties Holdings Limited
  • Ticker: 21
  • Exchange: SEHK
  • Founded:
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$469.078m
  • Shares outstanding: 3.98b
  • Website: https://www.greatchinaproperties.com

Number of Employees


Location

  • Great China Properties Holdings Limited
  • Central Plaza
  • Room 6403A-4
  • Wanchai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
21SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

Great China Properties Holdings Limited, an investment holding company, engages in the property development and investment business in the People’s Republic of China. The company invests in, develops, and sells residential and commercial properties. It also provides property management services, as well as operates a resort. In addition, the company offers securities advisory and asset management services. The company was formerly known as Waytung Global Group Limited and changed its name to Great China Properties Holdings Limited in March 2013. Great China Properties Holdings Limited is headquartered in Wanchai, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 12:42
End of Day Share Price2020/02/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.