Safety Godown Company, Limited, an investment holding company, engages in the leasing of investment properties in Hong Kong.
Flawless balance sheet unattractive dividend payer.
Share Price & News
How has Safety Godown Company's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 237 has not had significant price volatility in the past 3 months.
7 Day Return
HK Real Estate
1 Year Return
HK Real Estate
Return vs Industry: 237 underperformed the Hong Kong Real Estate industry which returned -9% over the past year.
Return vs Market: 237 underperformed the Hong Kong Market which returned -7.6% over the past year.
Price Volatility Vs. Market
How volatile is Safety Godown Company's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StCould Safety Godown Company, Limited's (HKG:237) Investor Composition Influence The Stock Price?
1 month ago | Simply Wall StIntroducing Safety Godown Company (HKG:237), The Stock That Dropped 32% In The Last Three Years
2 months ago | Simply Wall StIs It Worth Considering Safety Godown Company, Limited (HKG:237) For Its Upcoming Dividend?
Is Safety Godown Company undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 237 (HK$12.22) is trading above our estimate of fair value (HK$2.89)
Significantly Below Fair Value: 237 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 237 is poor value based on its PE Ratio (18.3x) compared to the Real Estate industry average (6.6x).
PE vs Market: 237 is poor value based on its PE Ratio (18.3x) compared to the Hong Kong market (10.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 237's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 237 is good value based on its PB Ratio (0.3x) compared to the HK Real Estate industry average (0.5x).
How is Safety Godown Company forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Safety Godown Company 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.
- Examine Safety Godown Company's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Safety Godown Company competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Safety Godown Company performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 237 has a large one-off gain of HK$30.0M impacting its September 30 2019 financial results.
Growing Profit Margin: 237's current net profit margins (68.2%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: 237's earnings have declined by -16.4% per year over the past 5 years.
Accelerating Growth: 237's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 237 had negative earnings growth (-78.4%) over the past year, making it difficult to compare to the Real Estate industry average (-8%).
Return on Equity
High ROE: 237's Return on Equity (1.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Safety Godown Company's financial position?
Financial Position Analysis
Short Term Liabilities: 237's short term assets (HK$1.1B) exceed its short term liabilities (HK$54.7M).
Long Term Liabilities: 237's short term assets (HK$1.1B) exceed its long term liabilities (HK$88.0M).
Debt to Equity History and Analysis
Debt Level: 237 is debt free.
Reducing Debt: 237 had no debt 5 years ago.
Debt Coverage: 237 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 237 has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: 237 has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 237's debt is covered by short term assets.
What is Safety Godown Company's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 237's dividend (1.31%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.29%).
High Dividend: 237's dividend (1.31%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.34%).
Stability and Growth of Payments
Stable Dividend: 237's dividend payments have been volatile in the past 10 years.
Growing Dividend: 237's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29.9%), 237'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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Safety Godown Company has no CEO, or we have no data on them.
|Executive Director||11.2yrs||HK$50.00k||9.2% HK$151.8m|
|Independent Non-Executive Director||30.1yrs||HK$280.00k||no data|
|Non-Executive Director||20.1yrs||HK$229.00k||no data|
|Independent Non-Executive Director||16.1yrs||HK$249.00k||0.0074% HK$122.2k|
|Independent Non-Executive Director||13.7yrs||HK$249.00k||no data|
Experienced Board: 237's board of directors are seasoned and experienced ( 16.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Safety Godown Company, Limited's company bio, employee growth, exchange listings and data sources
- Name: Safety Godown Company, Limited
- Ticker: 237
- Exchange: SEHK
- Founded: 1960
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: HK$1.650b
- Shares outstanding: 135.00m
- Website: https://www.safetygodown.com
Number of Employees
- Safety Godown Company, Limited
- Lu Plaza
- Unit 1801
- Kwun Tong
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|237||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
Safety Godown Company, Limited, an investment holding company, engages in the leasing of investment properties in Hong Kong. It operates through Godown Operations, Property Investment, and Treasury Investment segments. The company is also involved in the operation of godowns; and securities trading activities. In addition, it invests in listed securities, bonds, and mutual funds in Hong Kong and overseas stock markets; local and foreign currencies bank deposits; and other financial products. Safety Godown Company, Limited was founded in 1960 and is based in Kwun Tong, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 12:54|
|End of Day Share Price||2020/02/21 00:00|
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.