SEHK:2768

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Jiayuan International Group

Executive Summary

Jiayuan International Group Limited, an investment holding company, develops and sells residential and commercial properties in the People’s Republic of China.


Snowflake Analysis

Excellent balance sheet and good value.

Share Price & News

How has Jiayuan International Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2768 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.3%

2768

-1.6%

HK Real Estate

-1.4%

HK Market


1 Year Return

-12.4%

2768

-18.8%

HK Real Estate

-9.4%

HK Market

Return vs Industry: 2768 exceeded the Hong Kong Real Estate industry which returned -18.8% over the past year.

Return vs Market: 2768 underperformed the Hong Kong Market which returned -9.4% over the past year.


Shareholder returns

2768IndustryMarket
7 Day3.3%-1.6%-1.4%
30 Day1.6%1.6%2.5%
90 Day-0.6%3.5%7.8%
1 Year-9.2%-12.4%-14.6%-18.8%-6.5%-9.4%
3 Year-24.3%-30.6%13.0%-0.4%2.0%-8.2%
5 Yearn/a47.0%20.3%12.4%-5.6%

Price Volatility Vs. Market

How volatile is Jiayuan International Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Jiayuan International Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2768 (HK$3.17) is trading below our estimate of fair value (HK$21.03)

Significantly Below Fair Value: 2768 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2768 is good value based on its PE Ratio (5.6x) compared to the Real Estate industry average (6.5x).

PE vs Market: 2768 is good value based on its PE Ratio (5.6x) compared to the Hong Kong market (10x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2768's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2768 is overvalued based on its PB Ratio (1.2x) compared to the HK Real Estate industry average (0.4x).


Next Steps

Future Growth

How is Jiayuan International Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.0%

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 Jiayuan International Group 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.


Next Steps

Past Performance

How has Jiayuan International Group performed over the past 5 years?

38.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2768 has high quality earnings.

Growing Profit Margin: 2768's current net profit margins (12.8%) are lower than last year (16.4%).


Past Earnings Growth Analysis

Earnings Trend: 2768's earnings have grown significantly by 38.2% per year over the past 5 years.

Accelerating Growth: 2768's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2768 had negative earnings growth (-8.2%) over the past year, making it difficult to compare to the Real Estate industry average (3.9%).


Return on Equity

High ROE: Whilst 2768's Return on Equity (20.79%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Jiayuan International Group's financial position?


Financial Position Analysis

Short Term Liabilities: 2768's short term assets (CN¥50.2B) exceed its short term liabilities (CN¥35.9B).

Long Term Liabilities: 2768's short term assets (CN¥50.2B) exceed its long term liabilities (CN¥13.9B).


Debt to Equity History and Analysis

Debt Level: 2768's debt to equity ratio (155.2%) is considered high.

Reducing Debt: 2768's debt to equity ratio has reduced from 269.1% to 155.2% over the past 5 years.

Debt Coverage: 2768's debt is well covered by operating cash flow (43.6%).

Interest Coverage: 2768 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Jiayuan International Group current dividend yield, its reliability and sustainability?

3.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2768's dividend (3.46%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.42%).

High Dividend: 2768's dividend (3.46%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.05%).


Stability and Growth of Payments

Stable Dividend: 2768 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 2768 has only been paying a dividend for 2 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18.9%), 2768'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.


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Yi Zhang (45yo)

1.42yrs

Tenure

CN¥3,937,000

Compensation

Mr. Yi Zhang serves as Vice Chairman, President and an Executive Director at Jiayuan International Group Limited from February 17, 2019. Mr. Zhang has extensive experience in corporate management, industri ...


CEO Compensation Analysis

Compensation vs Market: Yi's total compensation ($USD556.76K) is about average for companies of similar size in the Hong Kong market ($USD544.71K).

Compensation vs Earnings: Insufficient data to compare Yi's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Yi Zhang
Vice Chairman of the Board & President1.42yrsCN¥3.94mno data
Fuqing Huang
Executive Vice Chairman3.92yrsCN¥2.33mno data
Jianfeng Wang
Executive Director5yrsCN¥1.90mno data
Xiang Zhang
Chief Financial Officerno datano datano data
Francis Wan
Investor Relationno datano datano data
Zhaolin Yuan
General Manager of Hengli Property Nantong Ltd7.5yrsno datano data
Yan Gao
General Manager of Yangzhou Xiangjiang New City Centre Property Ltd6.42yrsno datano data
Xuejun Hang
General Manager of Yangzhou Jialian Property Development Co.3.33yrsno datano data
Yee Wa Lau
Joint Company Secretary1.08yrsno datano data
Wenping Deng
President of Anhui Jiayuan Real Estate Group Co.no datano datano data

3.3yrs

Average Tenure

49yo

Average Age

Experienced Management: 2768's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yi Zhang
Vice Chairman of the Board & President1.42yrsCN¥3.94mno data
Fuqing Huang
Executive Vice Chairman3.92yrsCN¥2.33mno data
Jianfeng Wang
Executive Director5yrsCN¥1.90mno data
Hiu Nam Cheuk
Joint Company Secretary & Executive Director5yrsno datano data
Wai Bun Cheung
Independent Non-Executive Director4.42yrsCN¥250.00kno data
Yunchang Gu
Independent Non-Executive Director4.42yrsCN¥250.00kno data
Kwok Leung Tai
Independent Non-Executive Director4.42yrsCN¥250.00kno data
Tin Ching Shum
Non-Executive Chairman of the Board5.17yrsCN¥845.00k56.58% CN¥7.1b
Xiaodong Shen
Non-Executive Director1.42yrsCN¥1.30mno data

4.4yrs

Average Tenure

58yo

Average Age

Experienced Board: 2768's board of directors are considered experienced (4.4 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 54%.


Top Shareholders

Company Information

Jiayuan International Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Jiayuan International Group Limited
  • Ticker: 2768
  • Exchange: SEHK
  • Founded: 2003
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$12.622b
  • Shares outstanding: 3.94b
  • Website: https://www.jiayuanintl.com

Number of Employees


Location

  • Jiayuan International Group Limited
  • 9 Queen’s Road Central
  • Suite 1403
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2768SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2016
2768SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMar 2016
2768SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMar 2016

Biography

Jiayuan International Group Limited, an investment holding company, develops and sells residential and commercial properties in the People’s Republic of China. It operates through Property development, Property investment, and Development services segments. The company’s residential properties include low-rise, mid-rise, multi-storey, and high-rise apartments; and commercial properties comprise shopping arcades, retail shops, hotels, office properties, and car parks. It is also involved in the development of resettlement properties and other public facilities. The company was formerly known as Jiayuan International Holdings Limited and changed its name to Jiayuan International Group Limited. Jiayuan International Group Limited was founded in 2003 and is headquartered in Central, Hong Kong. Jiayuan International Group Limited is a subsidiary of Mingyuan Group Investment Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/02 12:39
End of Day Share Price2020/07/02 00:00
Earnings2019/12/31
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.