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2669

China Overseas Property Holdings SEHK:2669 Stock Report

Last Price

HK$8.26

Market Cap

HK$27.1b

7D

1.4%

1Y

1.6%

Updated

25 Jun, 2022

Data

Company Financials +
2669 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance5/6
Financial Health6/6
Dividends0/6

2669 Stock Overview

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

China Overseas Property Holdings Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for China Overseas Property Holdings
Historical stock prices
Current Share PriceHK$8.26
52 Week HighHK$10.26
52 Week LowHK$5.56
Beta0.066
1 Month Change-5.06%
3 Month Change-13.33%
1 Year Change1.60%
3 Year Change102.95%
5 Year Change443.42%
Change since IPO679.25%

Recent News & Updates

May 01
China Overseas Property Holdings Limited (HKG:2669) Shares Could Be 44% Below Their Intrinsic Value Estimate

China Overseas Property Holdings Limited (HKG:2669) Shares Could Be 44% Below Their Intrinsic Value Estimate

In this article we are going to estimate the intrinsic value of China Overseas Property Holdings Limited ( HKG:2669...

Shareholder Returns

2669HK Real EstateHK Market
7D1.4%4.3%2.1%
1Y1.6%-34.5%-23.3%

Return vs Industry: 2669 exceeded the Hong Kong Real Estate industry which returned -34.5% over the past year.

Return vs Market: 2669 exceeded the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 2669's price volatile compared to industry and market?
2669 volatility
2669 Average Weekly Movement5.9%
Real Estate Industry Average Movement6.2%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.8%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 2669 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 2669's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198652,220Ou Yanghttps://www.copl.com.hk

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 Management Services, Value-Added Services, and Car Parking Spaces Trading Business segments. The Property Management Services segment offers security, repair and maintenance, cleaning, and garden landscape maintenance services to mid-to high-end residential communities, commercial properties, government properties, and construction sites.

China Overseas Property Holdings Fundamentals Summary

How do China Overseas Property Holdings's earnings and revenue compare to its market cap?
2669 fundamental statistics
Market CapHK$27.15b
Earnings (TTM)HK$983.87m
Revenue (TTM)HK$9.44b

27.6x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2669 income statement (TTM)
RevenueHK$9.44b
Cost of RevenueHK$7.76b
Gross ProfitHK$1.68b
Other ExpensesHK$699.93m
EarningsHK$983.87m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.30
Gross Margin17.83%
Net Profit Margin10.42%
Debt/Equity Ratio0%

How did 2669 perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

30%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2669 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2669?

Other financial metrics that can be useful for relative valuation.

2669 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.4x
Enterprise Value/EBITDA18.1x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does 2669's PE Ratio compare to its peers?

2669 PE Ratio vs Peers
The above table shows the PE ratio for 2669 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.4x

Price-To-Earnings vs Peers: 2669 is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the peer average (15.4x).


Price to Earnings Ratio vs Industry

How does 2669's PE Ratio compare vs other companies in the Hong Kong Real Estate Industry?

Price-To-Earnings vs Industry: 2669 is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the Hong Kong Real Estate industry average (6.5x)


Price to Earnings Ratio vs Fair Ratio

What is 2669's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2669 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.6x
Fair PE Ratio7.6x

Price-To-Earnings vs Fair Ratio: 2669 is expensive based on its Price-To-Earnings Ratio (27.6x) compared to the estimated Fair Price-To-Earnings Ratio (7.6x).


Share Price vs Fair Value

What is the Fair Price of 2669 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2669 (HK$8.26) is trading below our estimate of fair value (HK$17.45)

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


Price to Earnings Growth Ratio

PEG Ratio: 2669 is poor value based on its PEG Ratio (1.1x)


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Future Growth

How is China Overseas Property Holdings forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2669's forecast earnings growth (25.9% per year) is above the savings rate (1.5%).

Earnings vs Market: 2669's earnings (25.9% per year) are forecast to grow faster than the Hong Kong market (17% per year).

High Growth Earnings: 2669's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 2669's revenue (26.1% per year) is forecast to grow faster than the Hong Kong market (10.2% per year).

High Growth Revenue: 2669's revenue (26.1% 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 (35.1%)


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Past Performance

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

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


26.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 2669 has high quality earnings.

Growing Profit Margin: 2669's current net profit margins (10.4%) are lower than last year (10.7%).


Past Earnings Growth Analysis

Earnings Trend: 2669's earnings have grown significantly by 26.8% per year over the past 5 years.

Accelerating Growth: 2669's earnings growth over the past year (40.6%) exceeds its 5-year average (26.8% per year).

Earnings vs Industry: 2669 earnings growth over the past year (40.6%) exceeded the Real Estate industry 14.7%.


Return on Equity

High ROE: 2669's Return on Equity (32.3%) is considered high.


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Financial Health

How is China Overseas Property Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 2669's short term assets (HK$7.7B) exceed its short term liabilities (HK$5.2B).

Long Term Liabilities: 2669's short term assets (HK$7.7B) exceed its long term liabilities (HK$50.8M).


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 37.9%.

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


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.09%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 2669's dividend (1.09%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.74%).

High Dividend: 2669's dividend (1.09%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).


Stability and Growth of Payments

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.


Earnings Payout to Shareholders

Earnings Coverage: 2669 is not paying a notable dividend for the Hong Kong market.


Cash Payout to Shareholders

Cash Flow Coverage: 2669 is not paying a notable dividend for the Hong Kong market.


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Management

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

4.3yrs

Average management tenure


CEO

Ou Yang (44 yo)

4.25yrs

Tenure

HK$7,477,000

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 ($USD952.58K) is above average for companies of similar size in the Hong Kong market ($USD471.40K).

Compensation vs Earnings: Ou's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 2669's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: 2669's board of directors are considered experienced (3.8 years average tenure).


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 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
  • Implied Market Cap: HK$27.149b
  • Shares outstanding: 3.29b
  • Website: https://www.copl.com.hk

Number of Employees


Location

  • China Overseas Property Holdings Limited
  • Three Pacific Place
  • Suite 703, 7th Floor
  • Hong Kong
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.