China Overseas Property Holdings
Market Cap
HK$15.9b
Last Updated
2020/11/23 12:55 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
No risks detected for 2669 from our risk checks.
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
| 2669 | Industry | Market | |
|---|---|---|---|
| 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 Year | 132.9%125.7% | -1.8%-14.2% | -2.8%-12.9% |
| 5 Year | 239.5%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
2 days ago | Simply Wall St
An Intrinsic Calculation For China Overseas Property Holdings Limited (HKG:2669) Suggests It's 23% Undervalued2 weeks ago | Simply Wall St
China Overseas Property Holdings (HKG:2669) Has Gifted Shareholders With A Fantastic 247% Total Return On Their Investment1 month ago | Simply Wall St
Is There Now An Opportunity In China Overseas Property Holdings Limited (HKG:2669)?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.67yrs | HK$6.88m | no data | |
| CFO & Executive Director | 5.42yrs | HK$2.61m | no data | |
| VP & Executive Director | 2.25yrs | HK$4.71m | no data | |
| Chairman of the Board | 0.75yr | no data | no data | |
| Vice President | 5.42yrs | no data | no data | |
| Vice President | 1.67yrs | no data | no data | |
| Vice President | 2.92yrs | no data | no data | |
| Company Secretary | 0.67yr | no data | no data |
2.5yrs
Average Tenure
47yo
Average Age
Experienced Management: 2669's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 2.67yrs | HK$6.88m | no data | |
| CFO & Executive Director | 5.42yrs | HK$2.61m | no data | |
| VP & Executive Director | 2.25yrs | HK$4.71m | no data | |
| Chairman of the Board | 0.75yr | no data | no data | |
| Independent Non-Executive Director | 5.08yrs | HK$360.00k | no data | |
| Independent Non-Executive Director | 5.08yrs | HK$250.00k | no data | |
| Independent Non-Executive Director | 2.08yrs | HK$360.00k | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2669 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | New Ordinary Shares | HK | HKD | Oct 2015 |
| CNPP.F | OTCPK (Pink Sheets LLC) | Yes | New Ordinary Shares | US | USD | Oct 2015 |
| 2669 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | New Ordinary Shares | HK | HKD | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/23 12:55 |
| End of Day Share Price | 2020/11/23 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.