SEHK:2669

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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. More Details


Snowflake Analysis

Outstanding track record with exceptional growth potential.

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

Stable Share Price: 2669 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 2669's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-8.5%

2669

-1.0%

HK Real Estate

1.1%

HK Market


1 Year Return

-5.0%

2669

-6.1%

HK Real Estate

8.3%

HK Market

Return vs Industry: 2669 exceeded the Hong Kong Real Estate industry which returned -6.1% over the past year.

Return vs Market: 2669 underperformed the Hong Kong Market which returned 8.3% over the past year.


Shareholder returns

2669IndustryMarket
7 Day-8.5%-1.0%1.1%
30 Day-17.3%5.6%5.6%
90 Day-32.1%-3.0%3.7%
1 Year-4.4%-5.0%-1.1%-6.1%12.8%8.3%
3 Year132.9%125.7%-1.8%-14.2%-2.8%-12.9%
5 Year239.5%218.1%47.9%17.2%30.6%8.5%

Long-Term 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?

24.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2669 (HK$4.74) is trading below our estimate of fair value (HK$6.26)

Significantly Below Fair Value: 2669 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2669 is poor value based on its PE Ratio (27.4x) compared to the HK Real Estate industry average (8.7x).

PE vs Market: 2669 is poor value based on its PE Ratio (27.4x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: 2669 is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: 2669 is overvalued based on its PB Ratio (9.3x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

How is China Overseas Property Holdings forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

26.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2669's forecast earnings growth (26.3% per year) is above the savings rate (1.6%).

Earnings vs Market: 2669's earnings (26.3% per year) are forecast to grow faster than the Hong Kong market (22.1% per year).

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

Revenue vs Market: 2669's revenue (23.1% per year) is forecast to grow faster than the Hong Kong market (13.8% per year).

High Growth Revenue: 2669's revenue (23.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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?

28.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2669 has high quality earnings.

Growing Profit Margin: 2669's current net profit margins (9.6%) are higher than last year (9.2%).


Past Earnings Growth Analysis

Earnings Trend: 2669's earnings have grown significantly by 28% per year over the past 5 years.

Accelerating Growth: 2669's earnings growth over the past year (31.2%) exceeds its 5-year average (28% per year).

Earnings vs Industry: 2669 earnings growth over the past year (31.2%) exceeded the Real Estate industry -1.7%.


Return on Equity

High ROE: 2669's Return on Equity (33.9%) is considered high.


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$4.2B) exceed its short term liabilities (HK$2.8B).

Long Term Liabilities: 2669's short term assets (HK$4.2B) exceed its long term liabilities (HK$52.1M).


Debt to Equity History and Analysis

Debt Level: 2669's debt to equity ratio (0.01%) is considered satisfactory.

Reducing Debt: 2669's debt to equity ratio has reduced from 36.4% to 0.01% over the past 5 years.

Debt Coverage: 2669's debt is well covered by operating cash flow (536901.7%).

Interest Coverage: 2669 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

1.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2669's dividend (1.18%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.23%).

High Dividend: 2669's dividend (1.18%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.66%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 2669 has been paying a dividend for less than 10 years.

Growing Dividend: 2669's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (28.9%), 2669's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 2669's dividends in 3 years are forecast to be well covered by earnings (29.3% payout ratio).


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Ou Yang (43 yo)

2.67yrs

Tenure

HK$6,883,000

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's total compensation ($USD887.85K) is above average for companies of similar size in the Hong Kong market ($USD636.98K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Ou Yang
CEO & Executive Director2.67yrsHK$6.88mno data
Yuk Kam
CFO & Executive Director5.42yrsHK$2.61mno data
Jinying Pang
VP & Executive Director2.25yrsHK$4.71mno data
Guiqing Zhang
Chairman of the Board0.75yrno datano data
Zhonghua Liu
Vice President5.42yrsno datano data
Zhigang Wang
Vice President1.67yrsno datano data
Xiang Ye
Vice President2.92yrsno datano data
Yee Wong
Company Secretary0.67yrno datano data

2.5yrs

Average Tenure

47yo

Average Age

Experienced Management: 2669's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ou Yang
CEO & Executive Director2.67yrsHK$6.88mno data
Yuk Kam
CFO & Executive Director5.42yrsHK$2.61mno data
Jinying Pang
VP & Executive Director2.25yrsHK$4.71mno data
Guiqing Zhang
Chairman of the Board0.75yrno datano data
Wing Ki Yung
Independent Non-Executive Director5.08yrsHK$360.00kno data
Wan Lim
Independent Non-Executive Director5.08yrsHK$250.00kno data
Kam Leung So
Independent Non-Executive Director2.08yrsHK$360.00kno data

2.7yrs

Average Tenure

56yo

Average Age

Experienced Board: 2669's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$15.876b
  • Shares outstanding: 3.29b
  • Website: https://www.copl.com.hk

Number of Employees


Location

  • China Overseas Property Holdings Limited
  • Three Pacific Place
  • Suite 703
  • Hong Kong
  • 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. It operates through Property Manageme...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 12:55
End of Day Share Price2020/11/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.