SEHK:230

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Fair value with acceptable track record.

Share Price & News

How has Minmetals Land's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.7%

230

2.6%

HK Real Estate

2.9%

HK Market


1 Year Return

-13.3%

230

9.9%

HK Real Estate

0.7%

HK Market

Return vs Industry: 230 underperformed the Hong Kong Real Estate industry which returned 9.9% over the past year.

Return vs Market: 230 underperformed the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

230IndustryMarket
7 Day3.7%2.6%2.9%
30 Day-1.8%-1.5%-2.5%
90 Day-11.9%-10.8%-5.4%
1 Year-7.9%-13.3%14.1%9.9%4.4%0.7%
3 Year30.6%13.3%38.8%24.4%17.0%5.2%
5 Year52.5%27.6%59.8%34.2%20.2%0.2%

Price Volatility Vs. Market

How volatile is Minmetals Land's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

3.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: 230 (HK$1.11) is trading above our estimate of fair value (HK$0.91)

Significantly Undervalued: 230 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 230 is good value based on its PE Ratio (3.6x) compared to the Real Estate industry average (6.1x).

PE vs Market: 230 is good value based on its PE Ratio (3.6x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

Low 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 (0.3x) compared to the HK Real Estate industry average (0.5x).


Next Steps

Future Growth

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

7.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 230's forecast earnings growth (7.4% per year) is above the savings rate (2%).

Earnings vs Market: 230's earnings (7.4% per year) are forecast to grow slower than the Hong Kong market (11.1% per year).

High Growth Earnings: 230's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 230's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 230's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 230's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Minmetals Land performed over the past 5 years?

22.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 230's earnings have grown significantly by 22.8% per year over the past 5 years.

Accelerating Growth: 230's earnings growth over the past year (0.5%) is below its 5-year average (22.8% per year).

Earnings vs Industry: 230 earnings growth over the past year (0.5%) exceeded the Real Estate industry -12.4%.


Return on Equity

High ROE: 230's Return on Equity (10%) is considered low.


Return on Assets

ROA vs Industry: 230's Return on Assets is below or equal to the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: 230 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Minmetals Land's financial position?


Financial Position Analysis

Short Term Liabilities: 230's short term assets (HK$42.9B) exceeds its short term liabilities (HK$25.8B)

Long Term Liabilities: 230's short term assets (42.9B) exceeds its long term liabilities (6.9B)


Debt to Equity History and Analysis

Debt Level: 230's debt to equity ratio (103.4%) is considered high

Reducing Debt: 230's debt to equity ratio has increased from 101.6% to 103.4% over the past 5 years.

Debt Coverage: 230's debt is not well covered by operating cash flow (3.4%).

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


Balance Sheet

Inventory Level: 230 has a high level of physical assets or inventory.

Debt Coverage by Assets: 230's debt is covered by short term assets (assets are 2.637760x debt).


Next Steps

Dividend

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

7.21%

Current Dividend Yield


Dividend Yield vs Market

company7.2%marketbottom25%2.2%markettop25%6.3%industryaverage4.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 230's dividend (7.21%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 230's dividend (7.21%) is in the top 25% of dividend payers in the Hong Kong market (6.29%)

Stable Dividend: Whilst dividend payments have been stable, 230 has been paying a dividend for less than 10 years.

Growing Dividend: 230's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.9%), 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

What is the CEO of Minmetals Land's salary, the management and board of directors tenure and is there insider trading?

5.0yrs

Average management tenure


CEO

Minmetals Land has no CEO, or we have no data on them.


Management Age and Tenure

5.0yrs

Average Tenure

50yo

Average Age

Experienced Management: 230's management team is seasoned and experienced (5 years average tenure).


Board Age and Tenure

3.2yrs

Average Tenure

50.5yo

Average Age

Experienced Board: 230's board of directors are considered experienced (3.2 years average tenure).


Insider Trading

Insider Buying: 230 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyHK$302,59130 Jul 19
Shangping Yang
EntityIndividual
Role
Member of the Board of Directors
Deputy MD & Executive Director
Shares240,000
Max PriceHK$1.26
BuyHK$38,10030 Jul 19
Shangping Yang
EntityIndividual
Role
Member of the Board of Directors
Deputy MD & Executive Director
Shares30,000
Max PriceHK$1.27
BuyHK$455,69130 Jul 19
Shangping Yang
EntityIndividual
Role
Member of the Board of Directors
Deputy MD & Executive Director
Shares370,000
Max PriceHK$1.23
SellHK$43,50020 May 19
Xiaoli He
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares30,000
Max PriceHK$1.45
SellHK$143,00017 May 19
Xiaoli He
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares100,000
Max PriceHK$1.43
SellHK$158,40017 May 19
Xiaoli He
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares110,000
Max PriceHK$1.44
SellHK$40,88010 May 19
Xiaoli He
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares28,000
Max PriceHK$1.46
SellHK$159,04010 May 19
Xiaoli He
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares112,000
Max PriceHK$1.42

Ownership Breakdown


Management Team

  • Zoe Chung (52yo)

    Company Secretary

    • Tenure: 13.2yrs
  • Edward Tang (45yo)

    Financial Controller

    • Tenure: 6.5yrs
  • Patrick Law (56yo)

    Chief Operating Officer

    • Tenure: 13.1yrs
  • Jianbo He (50yo)

    Executive Chairman of the Board

    • Tenure: 0.8yrs
    • Compensation: HK$5.34m
  • Lu Yang (61yo)

    Deputy General Manager

    • Tenure: 0yrs
    • Compensation: HK$2.08m
  • Zeping Liu (50yo)

    Deputy MD & Executive Director

    • Tenure: 9.3yrs
    • Compensation: HK$1.90m
  • Yingjie Sun

    Head of Human Resources & Administration Department

    • Tenure: 0yrs
  • Shangping Yang (45yo)

    Deputy MD & Executive Director

    • Tenure: 2.3yrs
    • Compensation: HK$2.64m
  • Xingwu Chen (49yo)

    Deputy MD & Executive Director

    • Tenure: 0.9yrs
    • Compensation: HK$5.23m

Board Members

  • Xiaoli He (51yo)

    Non-Executive Director

    • Tenure: 17.7yrs
  • Selwyn Mar (83yo)

    Independent Non-Executive Director

    • Tenure: 16.9yrs
    • Compensation: HK$360.00k
  • Jianbo He (50yo)

    Executive Chairman of the Board

    • Tenure: 0.8yrs
    • Compensation: HK$5.34m
  • Billy Lam (71yo)

    Independent Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: HK$350.00k
  • Zeping Liu (50yo)

    Deputy MD & Executive Director

    • Tenure: 9.3yrs
    • Compensation: HK$1.90m
  • Fanny Law (66yo)

    Independent Non-Executive Director

    • Tenure: 1.5yrs
    • Compensation: HK$270.00k
  • Shangping Yang (45yo)

    Deputy MD & Executive Director

    • Tenure: 2.3yrs
    • Compensation: HK$2.64m
  • Xingwu Chen (49yo)

    Deputy MD & Executive Director

    • Tenure: 0.9yrs
    • Compensation: HK$5.23m

Company Information

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


Key Information

  • Name: Minmetals Land Limited
  • Ticker: 230
  • Exchange: SEHK
  • Founded:
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$3.615b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
230SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMay 1992

Biography

Minmetals Land Limited, an investment holding company, engages in the real estate development activities in the People’s Republic of China. It operates through Real Estate Development, Specialised Construc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:38
End of Day Share Price2019/10/14 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.