SEHK:2669

Stock Analysis Report

China Overseas Property Holdings

Executive Summary

China Overseas Property Holdings Limited, an investment holding company, provides property management services in Hong Kong, Macau, and the People's Republic of China.

Snowflake

Fundamentals

Flawless balance sheet with solid track record.

Share Price & News

How has China Overseas Property Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.8%

2669

1.9%

HK Real Estate

2.2%

HK Market


1 Year Return

110.3%

2669

6.9%

HK Real Estate

-1.3%

HK Market

Return vs Industry: 2669 exceeded the Hong Kong Real Estate industry which returned 6.9% over the past year.

Return vs Market: 2669 exceeded the Hong Kong Market which returned -1.3% over the past year.


Shareholder returns

2669IndustryMarket
7 Day3.8%1.9%2.2%
30 Day-2.4%-1.9%-2.9%
90 Day-4.2%-11.3%-5.8%
1 Year112.6%110.3%11.0%6.9%2.3%-1.3%
3 Year170.9%159.9%37.6%23.3%15.6%3.9%
5 Yearn/a59.6%34.0%20.1%0.06%

Price Volatility Vs. Market

How volatile is China Overseas Property Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is China Overseas Property Holdings undervalued compared to its fair value and its price relative to the market?

18.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 2669 (HK$4.08) is trading below our estimate of fair value (HK$4.98)

Significantly Undervalued: 2669 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 2669 is poor value based on its PE Ratio (31.2x) compared to the Real Estate industry average (6.1x).

PE vs Market: 2669 is poor value based on its PE Ratio (31.2x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: 2669 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: 2669 is overvalued based on its PB Ratio (10.3x) compared to the HK Real Estate industry average (0.5x).


Next Steps

Future Growth

How is China Overseas Property Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

24.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2669's forecast earnings growth (24% per year) is above the savings rate (2%).

Earnings vs Market: 2669's earnings (24% per year) are forecast to grow faster than the Hong Kong market (11.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 2669's revenue (17.5% per year) is forecast to grow faster than the Hong Kong market (10.1% per year).

High Growth Revenue: 2669's revenue (17.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: 2669's Return on Equity is forecast to be high in 3 years time (35.4%)


Next Steps

Past Performance

How has China Overseas Property Holdings performed over the past 5 years?

29.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 2669's earnings have grown significantly by 29.9% per year over the past 5 years.

Accelerating Growth: 2669's earnings growth over the past year (16.7%) is below its 5-year average (29.9% per year).

Earnings vs Industry: 2669 earnings growth over the past year (16.7%) exceeded the Real Estate industry -12.4%.


Return on Equity

High ROE: 2669's Return on Equity (33%) is considered high.


Return on Assets

ROA vs Industry: 2669 has a higher Return on Assets than the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: 2669 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is China Overseas Property Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 2669's short term assets (HK$3.4B) exceeds its short term liabilities (HK$2.4B)

Long Term Liabilities: 2669's short term assets (3.4B) exceeds its long term liabilities (25.3M)


Debt to Equity History and Analysis

Debt Level: 2669 is debt free.

Reducing Debt: 2669 has no debt compared to 5 years ago when its debt to equity ratio was 47.5%.

Debt Coverage: 2669 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 2669 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 2669 has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 2669's debt is covered by short term assets.


Next Steps

Dividend

What is China Overseas Property Holdings's current dividend yield, its reliability and sustainability?

1.08%

Current Dividend Yield


Dividend Yield vs Market

company1.1%marketbottom25%2.3%markettop25%6.3%industryaverage4.5%forecastin3Years1.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 2669's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 2669's dividend (1.08%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.35%).

Stable Dividend: 2669 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 2669 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 2669 is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2669's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of China Overseas Property Holdings's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Ou Yang (42yo)

1.6yrs

Tenure

HK$4,612,000

Compensation

Mr. Ou Yang has been Chief Executive Officer and Executive Director of China Overseas Property Holdings Limited since March 22, 2018. Mr. Yang served as Vice President at China Overseas Property Holdings  ...


CEO Compensation Analysis

Compensation vs. Market: Ou has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Hong Kong market.

Compensation vs Earnings: Ou's compensation has increased by more than 20% in the past year.


Management Age and Tenure

1.8yrs

Average Tenure

46yo

Average Age

Experienced Management: 2669's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

2.3yrs

Average Tenure

55yo

Average Age

Experienced Board: 2669's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Tracy Sin (51yo)

    Company Secretary

    • Tenure: 1.4yrs
  • Ou Yang (42yo)

    CEO & Executive Director

    • Tenure: 1.6yrs
    • Compensation: HK$4.61m
  • Yuk Kam (55yo)

    Executive Director & CFO

    • Tenure: 4.3yrs
    • Compensation: HK$2.52m
  • Kai Wong (64yo)

    Senior Vice President

    • Tenure: 4.3yrs
  • Zhigang Wang (46yo)

    Vice President

    • Tenure: 0.6yrs
  • Xiaohua Li (44yo)

    Assistant President

    • Tenure: 4.3yrs
  • Zhen Li (45yo)

    Assistant President

    • Tenure: 4.2yrs
  • Fang Han (46yo)

    Assistant President

    • Tenure: 3.4yrs
  • Xiang Ye (46yo)

    Vice President

    • Tenure: 1.8yrs
  • Jinying Pang (51yo)

    Executive Director & VP

    • Tenure: 1.2yrs
    • Compensation: HK$2.42m

Board Members

  • Samuel Yung (60yo)

    Independent Non-Executive Director

    • Tenure: 4yrs
    • Compensation: HK$360.00k
  • Jianguo Yan (52yo)

    Chairman of the Board

    • Tenure: 2.3yrs
  • Ou Yang (42yo)

    CEO & Executive Director

    • Tenure: 1.6yrs
    • Compensation: HK$4.61m
  • Yuk Kam (55yo)

    Executive Director & CFO

    • Tenure: 4.3yrs
    • Compensation: HK$2.52m
  • Bernard Vincent Lim (62yo)

    Independent Non-Executive Director

    • Tenure: 4yrs
    • Compensation: HK$250.00k
  • Jinying Pang (51yo)

    Executive Director & VP

    • Tenure: 1.2yrs
    • Compensation: HK$2.42m
  • Gregory So (60yo)

    Independent Non-Executive Director

    • Tenure: 1yrs
    • Compensation: HK$83.00k

Company Information

China Overseas Property Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Overseas Property Holdings Limited
  • Ticker: 2669
  • Exchange: SEHK
  • Founded: 1986
  • Industry: Real Estate Services
  • Sector: Real Estate
  • Market Cap: HK$13.279b
  • Shares outstanding: 3.29b
  • Website: https://www.copl.com.hk

Number of Employees


Location

  • China Overseas Property Holdings Limited
  • Three Pacific Place
  • Suite 703
  • Admiralty
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2669SEHK (The Stock Exchange of Hong Kong Ltd.)YesNew Ordinary SharesHKHKDOct 2015
CNPP.FOTCPK (Pink Sheets LLC)YesNew Ordinary SharesUSUSDOct 2015
2669SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesNew Ordinary SharesHKHKDOct 2015

Biography

China Overseas Property Holdings Limited, an investment holding company, provides property management services in Hong Kong, Macau, and the People's Republic of China. The company's Property Management Ser ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:52
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.