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230

Minmetals LandSEHK:230 Stock Report

Market Cap

HK$2.7b

7D

0%

1Y

-11.1%

Updated

18 Oct, 2021

Data

Company Financials
230 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends1/6

230 Overview

Minmetals Land Limited, an investment holding company, engages in the real estate development business in the People’s Republic of China.

Price History & Performance

Summary of all time highs, changes and price drops for Minmetals Land
Historical stock prices
Current Share PriceHK$0.80
52 Week HighHK$0.70
52 Week LowHK$1.04
Beta0.80
1 Month Change3.90%
3 Month Change-2.44%
1 Year Change-11.11%
3 Year Change-33.88%
5 Year Change-19.19%
Change since IPO-19.60%

Recent News & Updates

Shareholder Returns

230HK Real EstateHK Market
7D0%0.03%1.1%
1Y-11.1%-12.5%5.3%

Return vs Industry: 230 exceeded the Hong Kong Real Estate industry which returned -12.5% over the past year.

Return vs Market: 230 underperformed the Hong Kong Market which returned 5.3% over the past year.

Price Volatility

Is 230's price volatile compared to industry and market?
230 volatility
230 Beta0.80
Industry Beta0.85
Market Beta1

Stable Share Price: 230 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 230's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a1,211Bo Liuhttps://www.minmetalsland.com

Minmetals Land Limited, an investment holding company, engages in the real estate development business in the People’s Republic of China. It operates through Real Estate Development, Specialized Construction, Property Investment, and Securities Investment segments. The company develops and sells residential and commercial properties; and designs, installs, and sells curtain walls, as well as aluminum windows, doors, and other materials.

Minmetals Land Fundamentals Summary

How do Minmetals Land's earnings and revenue compare to its market cap?
230 fundamental statistics
Market CapHK$2.68b
Earnings (TTM)HK$119.48m
Revenue (TTM)HK$9.91b

22.4x

P/E Ratio

0.3x

P/S Ratio


Dividends

1.2%

Current Dividend Yield

28%

Payout Ratio

Valuation

Is Minmetals Land undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 230 (HK$0.8) is trading below our estimate of fair value (HK$30.86)

Significantly Below Fair Value: 230 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 230 is poor value based on its PE Ratio (22.4x) compared to the Hong Kong Real Estate industry average (7.4x).

PE vs Market: 230 is poor value based on its PE Ratio (22.4x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 230's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 230 is good value based on its PB Ratio (0.2x) compared to the HK Real Estate industry average (0.4x).


Future Growth

How is Minmetals Land forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.0%

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 Minmetals Land 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 Minmetals Land performed over the past 5 years?

-10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 230 has high quality earnings.

Growing Profit Margin: 230's current net profit margins (1.2%) are lower than last year (2.2%).


Past Earnings Growth Analysis

Earnings Trend: 230's earnings have declined by 10.8% per year over the past 5 years.

Accelerating Growth: 230's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 230 had negative earnings growth (-34.7%) over the past year, making it difficult to compare to the Real Estate industry average (23.4%).


Return on Equity

High ROE: 230's Return on Equity (2.7%) is considered low.


Financial Health

How is Minmetals Land's financial position?


Financial Position Analysis

Short Term Liabilities: 230's short term assets (HK$68.5B) exceed its short term liabilities (HK$39.4B).

Long Term Liabilities: 230's short term assets (HK$68.5B) exceed its long term liabilities (HK$15.9B).


Debt to Equity History and Analysis

Debt Level: 230's debt to equity ratio (113.6%) is considered high.

Reducing Debt: 230's debt to equity ratio has increased from 102% to 113.6% over the past 5 years.

Debt Coverage: 230's debt is not well covered by operating cash flow (16.1%).

Interest Coverage: 230 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Minmetals Land current dividend yield, its reliability and sustainability?

1.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 230's dividend (1.25%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 230's dividend (1.25%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).


Stability and Growth of Payments

Stable Dividend: 230's dividend payments have been volatile in the past 10 years.

Growing Dividend: 230's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28%), 230's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Bo Liu (55 yo)

2.75yrs

Tenure

HK$1,582,000

Compensation

Mr. Bo Liu is the Managing Director and Executive Director of Minmetals Land Limited since March 26, 2020 and was its General Manager. Mr. Liu joined China Metallurgical Group Corporation (“MCC Group”) in...


CEO Compensation Analysis

Compensation vs Market: Bo's total compensation ($USD203.38K) is below average for companies of similar size in the Hong Kong market ($USD342.08K).

Compensation vs Earnings: Insufficient data to compare Bo's compensation with company performance.


Leadership Team

Experienced Management: 230's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: 230's board of directors are considered experienced (3.9 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

Minmetals Land Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Minmetals Land Limited
  • Ticker: 230
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$2.678b
  • Shares outstanding: 3.35b
  • Website: https://www.minmetalsland.com

Number of Employees


Location

  • Minmetals Land Limited
  • China Minmetals Tower
  • 18th Floor
  • Tsim Sha Tsui
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:12
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.