SEHK:224

Stock Analysis Report

Pioneer Global Group

Executive Summary

Pioneer Global Group Limited, an investment holding company, engages in real estate and investment businesses.

Snowflake

Fundamentals

Average dividend payer and fair value.

Risks

  • Pioneer Global Group is not covered by any analysts.

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


Market Performance


7 Day Return

-2.6%

SEHK:224

-0.08%

HK Real Estate

-0.7%

HK Market


1 Year Return

-19.9%

SEHK:224

-7.1%

HK Real Estate

-9.8%

HK Market

224 underperformed the Real Estate industry which returned -7.1% over the past year.

224 underperformed the Market in Hong Kong which returned -9.8% over the past year.


Share holder returns

224IndustryMarket
7 Day-2.6%-0.08%-0.7%
30 Day-11.3%-13.6%-9.3%
90 Day-13.9%-11.3%-8.4%
1 Year-17.7%-19.9%-3.2%-7.1%-6.6%-9.8%
3 Year28.5%18.3%32.6%18.9%12.8%1.6%
5 Year73.5%49.0%44.7%19.9%7.3%-10.5%

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 based on future cash flows and its price relative to the stock market?

6%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Pioneer Global Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Pioneer Global Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Pioneer Global Group is good value based on earnings compared to the HK Real Estate industry average.

Pioneer Global Group is good value based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Pioneer Global Group, we can't assess if its growth is good value.


Price Based on Value of Assets

Pioneer Global Group is good value based on assets compared to the HK Real Estate industry average.


Next Steps

Future Growth

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

9.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Pioneer Global Group is high growth as no revenue estimate data is available.

Pioneer Global Group's earnings are expected to grow by 9.7% yearly, however this is not considered high growth (20% yearly).

Unable to compare Pioneer Global Group's revenue growth to the Hong Kong market average as no estimate data is available.

Pioneer Global Group's earnings growth is positive but not above the Hong Kong market average.

Pioneer Global Group's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Pioneer Global Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

1.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Pioneer Global Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Pioneer Global Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Pioneer Global Group's 1-year earnings growth is negative, it can't be compared to the HK Real Estate industry average.


Return on Equity

Pioneer Global Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Pioneer Global Group used its assets more efficiently than the HK Real Estate industry average last year based on Return on Assets.


Return on Capital Employed

Pioneer Global Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Pioneer Global Group's financial position?


Financial Position Analysis

Pioneer Global Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Pioneer Global Group's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Pioneer Global Group's level of debt (27.9%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (31.8% vs 27.9% today).

Debt is not well covered by operating cash flow (8.5%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 6.1x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


Next Steps

Dividend

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

3.09%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Pioneer Global Group before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Pioneer Global Group's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.28%).

Pioneer Global Group's dividend is below the markets top 25% of dividend payers in Hong Kong (6.25%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (10.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Pioneer Global Group's salary, the management and board of directors tenure and is there insider trading?

19.6yrs

Average management tenure


CEO

Kenny Gaw (48yo)

20.5yrs

Tenure

HK$6,750,000

Compensation

Mr. Kenneth Gaw, also known as Kenny, is the Co-Founder, President and Managing Principal at Gaw Capital Partners. Mr. Gaw has been the Managing Director at Pioneer Global Group Limited and its subsidiarie ...


CEO Compensation Analysis

Kenny's remuneration is higher than average for companies of similar size in Hong Kong.

Kenny's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

19.6yrs

Average Tenure

50yo

Average Age

The average tenure for the Pioneer Global Group management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

20.3yrs

Average Tenure

59.5yo

Average Age

The average tenure for the Pioneer Global Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Kenny Gaw (48yo)

    MD & Executive Director

    • Tenure: 20.5yrs
    • Compensation: HK$6.75m
  • Jiwei Gaw (50yo)

    Vice Chairman

    • Compensation: HK$1.86m
  • Rossana Gaw (73yo)

    Chairman

    • Compensation: HK$11.84m
  • Tsui Law

    Company Secretary

    • Tenure: 9.5yrs
  • Christina Gaw (46yo)

    Executive Director

    • Compensation: HK$1.26m
  • Alan Lee (63yo)

    CFO & Executive Director

    • Tenure: 19.6yrs
    • Compensation: HK$3.32m

Board Members

  • Charles Cheung (83yo)

    Independent Non-Executive Director

    • Tenure: 33.6yrs
    • Compensation: HK$100.00k
  • Stephen Tan (65yo)

    Independent Non-Executive Director

    • Tenure: 12.3yrs
    • Compensation: HK$100.00k
  • Kenny Gaw (48yo)

    MD & Executive Director

    • Tenure: 24.8yrs
    • Compensation: HK$6.75m
  • Jiwei Gaw (50yo)

    Vice Chairman

    • Tenure: 23.0yrs
    • Compensation: HK$1.86m
  • Rossana Gaw (73yo)

    Chairman

    • Tenure: 20.5yrs
    • Compensation: HK$11.84m
  • Arnold Ip (56yo)

    Independent Non-Executive Director

    • Tenure: 20.2yrs
    • Compensation: HK$100.00k
  • Christina Gaw (46yo)

    Executive Director

    • Tenure: 4.8yrs
    • Compensation: HK$1.26m
  • Alan Lee (63yo)

    CFO & Executive Director

    • Tenure: 6.3yrs
    • Compensation: HK$3.32m

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:
  • Industry: real estate operating companies
  • Sector: real estate
  • Market Cap: HK$1.720b
  • Shares outstanding: 1.15b
  • Website: Click here

Number of Employees


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 real estate and investment businesses. The company operates through Property and Hotels; and Investments and Others segments. It prim ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 12:41
End of Day Share Price2019/08/16 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.