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224

Pioneer Global GroupSEHK:224 Stock Report

Market Cap

HK$1.2b

7D

-0.9%

1Y

5.0%

Updated

25 Oct, 2021

Data

Company Financials
224 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends0/6

224 Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Pioneer Global Group
Historical stock prices
Current Share PriceHK$1.05
52 Week HighHK$0.94
52 Week LowHK$1.30
Beta0.52
1 Month Change2.94%
3 Month Change5.00%
1 Year Change5.00%
3 Year Change-36.75%
5 Year Change-19.85%
Change since IPO-61.11%

Recent News & Updates

Apr 18
Calculating The Intrinsic Value Of Pioneer Global Group Limited (HKG:224)

Calculating The Intrinsic Value Of Pioneer Global Group Limited (HKG:224)

How far off is Pioneer Global Group Limited ( HKG:224 ) from its intrinsic value? Using the most recent financial data...

Feb 28
What Kind Of Shareholders Hold The Majority In Pioneer Global Group Limited's (HKG:224) Shares?

What Kind Of Shareholders Hold The Majority In Pioneer Global Group Limited's (HKG:224) Shares?

The big shareholder groups in Pioneer Global Group Limited ( HKG:224 ) have power over the company. Generally speaking...

Feb 10
How Much Is Pioneer Global Group Limited (HKG:224) CEO Getting Paid?

How Much Is Pioneer Global Group Limited (HKG:224) CEO Getting Paid?

This article will reflect on the compensation paid to Kenny Gaw who has served as CEO of Pioneer Global Group Limited...

Shareholder Returns

224HK Real EstateHK Market
7D-0.9%4.3%2.1%
1Y5.0%-7.3%5.9%

Return vs Industry: 224 exceeded the Hong Kong Real Estate industry which returned -7.3% over the past year.

Return vs Market: 224 matched the Hong Kong Market which returned 5.9% over the past year.

Price Volatility

Is 224's price volatile compared to industry and market?
224 volatility
224 Beta0.52
Industry Beta0.85
Market Beta1

Stable Share Price: 224 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: 224's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199018Kenny Gawhttps://www.pioneerglobalgroup.com

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; and Investments and Others segments. It primarily invests in industrial, commercial, and residential properties; and hotels.

Pioneer Global Group Fundamentals Summary

How do Pioneer Global Group's earnings and revenue compare to its market cap?
224 fundamental statistics
Market CapHK$1.22b
Earnings (TTM)HK$292.53m
Revenue (TTM)HK$305.69m

4.1x

P/E Ratio

4.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
224 income statement (TTM)
RevenueHK$305.69m
Cost of RevenueHK$39.14m
Gross ProfitHK$266.55m
Expenses-HK$25.98m
EarningsHK$292.53m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.25
Gross Margin87.20%
Net Profit Margin95.70%
Debt/Equity Ratio26.8%

How did 224 perform over the long term?

See historical performance and comparison

Valuation

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

22.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 224 (HK$1.05) is trading below our estimate of fair value (HK$1.35)

Significantly Below Fair Value: 224 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 224 is good value based on its PE Ratio (4.1x) compared to the Hong Kong Real Estate industry average (7.7x).

PE vs Market: 224 is good value based on its PE Ratio (4.1x) compared to the Hong Kong market (9.7x).


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 (0.5x).


Future Growth

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

17.8%

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.


Past Performance

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

-24.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 224 has a large one-off gain of HK$203.8M impacting its March 31 2021 financial results.

Growing Profit Margin: 224's current net profit margins (95.7%) are higher than last year (26.3%).


Past Earnings Growth Analysis

Earnings Trend: 224's earnings have declined by 24.2% per year over the past 5 years.

Accelerating Growth: 224's earnings growth over the past year (660.7%) exceeds its 5-year average (-24.2% per year).

Earnings vs Industry: 224 earnings growth over the past year (660.7%) exceeded the Real Estate industry 23.4%.


Return on Equity

High ROE: 224's Return on Equity (4.2%) is considered low.


Financial Health

How is Pioneer Global Group's financial position?


Financial Position Analysis

Short Term Liabilities: 224's short term assets (HK$211.1M) do not cover its short term liabilities (HK$2.3B).

Long Term Liabilities: 224's short term assets (HK$211.1M) exceed its long term liabilities (HK$122.2M).


Debt to Equity History and Analysis

Debt Level: 224's debt to equity ratio (26.8%) is considered satisfactory.

Reducing Debt: 224's debt to equity ratio has reduced from 34.6% to 26.8% over the past 5 years.

Debt Coverage: 224's debt is not well covered by operating cash flow (7.6%).

Interest Coverage: 224's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


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?

21.8yrs

Average management tenure


CEO

Kenny Gaw (50 yo)

22.67yrs

Tenure

HK$5,601,000

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Kenny's total compensation ($USD720.49K) is above average for companies of similar size in the Hong Kong market ($USD298.06K).

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


Leadership Team

Experienced Management: 224's management team is seasoned and experienced (21.8 years average tenure).


Board Members

Experienced Board: 224's board of directors are seasoned and experienced ( 22.5 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 employee growth, exchange listings and data sources


Key Information

  • Name: Pioneer Global Group Limited
  • Ticker: 224
  • Exchange: SEHK
  • Founded: 1990
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$1.223b
  • Shares outstanding: 1.15b
  • Website: https://www.pioneerglobalgroup.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:39
End of Day Share Price2021/10/25 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.