SEHK:224

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Pioneer Global Group

Executive Summary

Pioneer Global Group Limited, an investment holding company, engages in the real estate investment business in Hong Kong, China, Thailand, and Malaysia.


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 224 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.7%

224

2.9%

HK Real Estate

0.8%

HK Market


1 Year Return

-25.5%

224

-1.2%

HK Real Estate

6.9%

HK Market

Return vs Industry: 224 underperformed the Hong Kong Real Estate industry which returned -1.8% over the past year.

Return vs Market: 224 underperformed the Hong Kong Market which returned 6.6% over the past year.


Shareholder returns

224IndustryMarket
7 Day3.7%2.9%0.8%
30 Day-7.5%0.3%-0.5%
90 Day-7.5%6.4%9.8%
1 Year-23.3%-25.5%4.1%-1.2%11.3%6.9%
3 Year-34.3%-39.3%13.8%0.1%3.3%-7.7%
5 Year2.9%-11.2%55.5%28.1%22.6%1.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Pioneer Global Group undervalued compared to its fair value and its price relative to the market?

5.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 224 (HK$1.11) is trading below our estimate of fair value (HK$1.17)

Significantly Below Fair Value: 224 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 224 is poor value based on its PE Ratio (33.3x) compared to the HK Real Estate industry average (7.3x).

PE vs Market: 224 is poor value based on its PE Ratio (33.3x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 224's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 224 is good value based on its PB Ratio (0.2x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

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

15.4%

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 Pioneer Global 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.


Next Steps

Past Performance

How has Pioneer Global Group performed over the past 5 years?

-13.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 224 has a large one-off gain of HK$92.2M impacting its March 31 2020 financial results.

Growing Profit Margin: 224's current net profit margins (26.3%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: 224's earnings have declined by 13.9% per year over the past 5 years.

Accelerating Growth: 224's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 224 had negative earnings growth (-92.9%) over the past year, making it difficult to compare to the Real Estate industry average (4.5%).


Return on Equity

High ROE: 224's Return on Equity (0.9%) is considered low.


Next Steps

Financial Health

How is Pioneer Global Group's financial position?


Financial Position Analysis

Short Term Liabilities: 224's short term assets (HK$415.0M) do not cover its short term liabilities (HK$914.2M).

Long Term Liabilities: 224's short term assets (HK$415.0M) do not cover its long term liabilities (HK$1.5B).


Debt to Equity History and Analysis

Debt Level: 224's debt to equity ratio (28.1%) is considered satisfactory.

Reducing Debt: 224's debt to equity ratio has reduced from 31% to 28.1% over the past 5 years.

Debt Coverage: 224's debt is not well covered by operating cash flow (8.6%).

Interest Coverage: 224's interest payments on its debt are not well covered by EBIT (1.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Pioneer Global Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 224's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 224'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 224's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 224's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 224 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 224'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?

20.6yrs

Average management tenure


CEO

Kenny Gaw (49 yo)

21.5yrs

Tenure

HK$6,707,000

Compensation

Mr. Kenneth Gaw, also known as Kenny, is the Co-Founder, President and Managing Principal at Gaw Capital Partners. Mr. Gaw co-founded Gaw Capital Partners in July 2005. Mr. Gaw has been the Managing Direct ...


CEO Compensation Analysis

Compensation vs Market: Kenny's total compensation ($USD865.36K) is above average for companies of similar size in the Hong Kong market ($USD277.61K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Wang Gaw
Executive Chairman21.5yrsHK$4.03m55.44%
HK$ 710.2m
Kenneth Gaw
MD & Executive Director21.5yrsHK$6.71m10%
HK$ 128.1m
Goodwin Gaw
Executive Vice Chairman24yrsHK$1.83mno data
Kam Hung Lee
CFO & Executive Director7.33yrsHK$3.27mno data
Christina Gaw
Executive Director5.83yrsHK$1.19m1.71%
HK$ 21.9m
Tsui Yan Law
Company Secretary10.5yrsno datano data

20.6yrs

Average Tenure

51yo

Average Age

Experienced Management: 224's management team is seasoned and experienced (20.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Wang Gaw
Executive Chairman21.5yrsHK$4.03m55.44%
HK$ 710.2m
Kenneth Gaw
MD & Executive Director21.5yrsHK$6.71m10%
HK$ 128.1m
Goodwin Gaw
Executive Vice Chairman24yrsHK$1.83mno data
Kam Hung Lee
CFO & Executive Director7.33yrsHK$3.27mno data
Christina Gaw
Executive Director5.83yrsHK$1.19m1.71%
HK$ 21.9m
Wai Bun Cheung
Independent Non-Executive Director34.58yrsHK$100.00kno data
Stephen Tan
Independent Non-Executive Director13.33yrsHK$100.00kno data
Tin Chee Ip
Independent Non-Executive Director21.17yrsHK$100.00kno data

21.3yrs

Average Tenure

60.5yo

Average Age

Experienced Board: 224's board of directors are seasoned and experienced ( 21.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Pioneer Global Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pioneer Global Group Limited
  • Ticker: 224
  • Exchange: SEHK
  • Founded: 1989
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$1.281b
  • Shares outstanding: 1.15b
  • Website: https://www.pioneerglobalgroup.com

Location

  • Pioneer Global Group Limited
  • 68 Yee Wo Street
  • 18th Floor
  • Causeway Bay
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
224SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

Pioneer Global Group Limited, an investment holding company, engages in the real estate investment business in Hong Kong, China, Thailand, and Malaysia. The company operates through Property and Hotels; an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 19:14
End of Day Share Price2020/08/14 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.