SEHK:2768

Stock Analysis Report

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

Fundamentals

Adequate balance sheet with proven track record.

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


Market Performance


7 Day Return

-2.8%

2768

1.9%

HK Real Estate

2.2%

HK Market


1 Year Return

-77.6%

2768

6.9%

HK Real Estate

-1.3%

HK Market

Return vs Industry: 2768 underperformed the Hong Kong Real Estate industry which returned 6.9% over the past year.

Return vs Market: 2768 underperformed the Hong Kong Market which returned -1.3% over the past year.


Share holder returns

2768IndustryMarket
7 Day-2.8%1.9%2.2%
30 Day-3.4%-1.9%-2.9%
90 Day-6.2%-11.3%-5.8%
1 Year-76.9%-77.6%11.0%6.9%2.3%-1.3%
3 Year13.6%7.8%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 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 based on future cash flows and its price relative to the stock market?

15%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: 2768 (HK$3.17) is trading below our estimate of fair value (HK$3.72)

Significantly Undervalued: 2768 is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: 2768 is good value based on its PE Ratio (3.8x) compared to the Real Estate industry average (6.1x).

PE vs Market: 2768 is good value based on its PE Ratio (3.8x) compared to the Hong Kong market (10.3x).


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: 2768 is overvalued based on its PB Ratio (0.8x) compared to the HK Real Estate industry average (0.5x).


Next Steps

Future Growth

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

-7.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: 2768's earnings are forecast to decline over the next 3 years (-7.2% per year).

Earnings vs Market: 2768's earnings are forecast to decline over the next 3 years (-7.2% per year).

High Growth Earnings: 2768's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if 2768's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 2768's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if 2768's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

42.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 2768's earnings have grown significantly by 42.4% per year over the past 5 years.

Accelerating Growth: 2768's earnings growth over the past year (3.2%) is below its 5-year average (42.4% per year).

Earnings vs Industry: 2768 earnings growth over the past year (3.2%) exceeded the Real Estate industry -12.4%.


Return on Equity

High ROE: Whilst 2768's Return on Equity (20.07%) is high, this metric is skewed due to their high level of debt.


Return on Assets

ROA vs Industry: 2768 has a higher Return on Assets than the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: 2768 has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Jiayuan International Group's financial position?


Financial Position Analysis

Short Term Liabilities: 2768's short term assets (CN¥39.8B) exceeds its short term liabilities (CN¥25.3B)

Long Term Liabilities: 2768's short term assets (39.8B) exceeds its long term liabilities (12.7B)


Debt to Equity History and Analysis

Debt Level: 2768's debt to equity ratio (163%) is considered high

Reducing Debt: 2768's debt to equity ratio has reduced from 275.2% to 163% over the past 5 years.

Debt Coverage: 2768's debt is not well covered by operating cash flow (12.6%).

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


Balance Sheet

Inventory Level: 2768 has a high level of physical assets or inventory.

Debt Coverage by Assets: 2768's debt is covered by short term assets (assets are 2.445280x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%6.3%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate 2768's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 2768's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 2768's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2768's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 2768 is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2768'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 Jiayuan International Group's salary, the management and board of directors tenure and is there insider trading?

2.6yrs

Average management tenure


CEO

Jiayuan International Group has no CEO, or we have no data on them.


Management Age and Tenure

2.6yrs

Average Tenure

46yo

Average Age

Experienced Management: 2768's management team is considered experienced (2.6 years average tenure).


Board Age and Tenure

3.7yrs

Average Tenure

57yo

Average Age

Experienced Board: 2768's board of directors are considered experienced (3.7 years average tenure).


Insider Trading

Insider Buying: 2768 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCN¥4,840,768,22014 Aug 19
Tin Ching Shum
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares1,377,959,475
Max PriceCN¥3.51
SellCN¥258,494,40121 Jan 19
Tin Ching Shum
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares93,620,000
Max PriceCN¥2.76
BuyCN¥2,344,98724 Dec 18
Tin Ching Shum
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares180,000
Max PriceCN¥13.03
BuyCN¥2,100,28824 Dec 18
Tin Ching Shum
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares160,000
Max PriceCN¥13.13
SellCN¥144,235,30421 Dec 18
China Orient Asset Management (International) Holding Limited
EntityCompany
Shares17,576,803
Max PriceCN¥8.21
BuyCN¥136,815,23702 Nov 18
Tin Ching Shum
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares9,231,797
Max PriceCN¥14.82

Ownership Breakdown


Management Team

  • Yi Zhang (44yo)

    Vice Chairman of the Board & President

    • Tenure: 0.7yrs
  • Fuqing Huang (57yo)

    Vice Chairman

    • Tenure: 3.2yrs
    • Compensation: CN¥2.28m
  • Hiu Nam Cheuk (44yo)

    Joint Company Secretary & Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥200.00k
  • Jianfeng Wang (51yo)

    Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥1.54m
  • Zhaolin Yuan (48yo)

    General Manager of Hengli Property Nantong Ltd

    • Tenure: 6.8yrs
  • Yan Gao (44yo)

    General Manager of Yangzhou Xiangjiang New City Centre Property Ltd

    • Tenure: 5.7yrs
  • Xiangming Qiu (42yo)

    Assistant Executive Officer & GM of Operation Management Center

    • Tenure: 5.7yrs
  • Yee Wa Lau (46yo)

    Joint Company Secretary

    • Tenure: 0.3yrs
  • Francis Wan

    Investor Relation

    • Tenure: 0yrs
  • Xuejun Hang (54yo)

    General Manager of Yangzhou Jialian Property Development Co.

    • Tenure: 2.6yrs

Board Members

  • Charles Cheung (83yo)

    Independent Non-Executive Director

    • Tenure: 3.7yrs
    • Compensation: CN¥200.00k
  • Yunchang Gu (75yo)

    Independent Non-Executive Director

    • Tenure: 3.7yrs
    • Compensation: CN¥200.00k
  • Alexander Tai (62yo)

    Independent Non-Executive Director

    • Tenure: 3.7yrs
    • Compensation: CN¥200.00k
  • Yi Zhang (44yo)

    Vice Chairman of the Board & President

    • Tenure: 0.7yrs
  • Shen Yuxing Shum (60yo)

    Chairman of the Board

    • Tenure: 4.4yrs
    • Compensation: CN¥859.00k
  • Fuqing Huang (57yo)

    Vice Chairman

    • Tenure: 3.2yrs
    • Compensation: CN¥2.28m
  • Hiu Nam Cheuk (44yo)

    Joint Company Secretary & Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥200.00k
  • Jianfeng Wang (51yo)

    Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥1.54m
  • Xiaodong Shen (36yo)

    Non-Executive Director

    • Tenure: 0.7yrs

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$12.503b
  • Shares outstanding: 3.94b
  • Website: https://www.jiayuanintl.com

Number of Employees


Location

  • Jiayuan International Group Limited
  • 9 Queen’s Road Central
  • Room 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, Pro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/12 13:12
End of Day Share Price2019/10/11 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.

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