Jiayuan International Group
Market Cap
HK$12.6b
Last Updated
2020/07/02 12:39 UTC
Data Sources
Company Financials
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
| 2768 | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.3% | -1.6% | -1.4% |
| 30 Day | 1.6% | 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 Year | n/a | 47.0%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
1 week ago | Simply Wall St
Have Insiders Been Buying Jiayuan International Group Limited (HKG:2768) Shares This Year?3 weeks ago | Simply Wall St
Is It Smart To Buy Jiayuan International Group Limited (HKG:2768) Before It Goes Ex-Dividend?1 month ago | Simply Wall St
Jiayuan International Group (HKG:2768) Takes On Some Risk With Its Use Of DebtValuation
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
- Examine whether Jiayuan International Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Jiayuan International Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman of the Board & President | 1.42yrs | CN¥3.94m | no data | |
| Executive Vice Chairman | 3.92yrs | CN¥2.33m | no data | |
| Executive Director | 5yrs | CN¥1.90m | no data | |
| Chief Financial Officer | no data | no data | no data | |
| Investor Relation | no data | no data | no data | |
| General Manager of Hengli Property Nantong Ltd | 7.5yrs | no data | no data | |
| General Manager of Yangzhou Xiangjiang New City Centre Property Ltd | 6.42yrs | no data | no data | |
| General Manager of Yangzhou Jialian Property Development Co. | 3.33yrs | no data | no data | |
| Joint Company Secretary | 1.08yrs | no data | no data | |
| President of Anhui Jiayuan Real Estate Group Co. | no data | no data | no data |
3.3yrs
Average Tenure
49yo
Average Age
Experienced Management: 2768's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman of the Board & President | 1.42yrs | CN¥3.94m | no data | |
| Executive Vice Chairman | 3.92yrs | CN¥2.33m | no data | |
| Executive Director | 5yrs | CN¥1.90m | no data | |
| Joint Company Secretary & Executive Director | 5yrs | no data | no data | |
| Independent Non-Executive Director | 4.42yrs | CN¥250.00k | no data | |
| Independent Non-Executive Director | 4.42yrs | CN¥250.00k | no data | |
| Independent Non-Executive Director | 4.42yrs | CN¥250.00k | no data | |
| Non-Executive Chairman of the Board | 5.17yrs | CN¥845.00k | 56.58% CN¥7.1b | |
| Non-Executive Director | 1.42yrs | CN¥1.30m | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2768 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Mar 2016 |
| 2768 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Mar 2016 |
| 2768 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Mar 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/02 12:39 |
| End of Day Share Price | 2020/07/02 00:00 |
| Earnings | 2019/12/31 |
| 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.