Tern Properties Company Limited, an investment holding company, engages in property investment and treasury investment activities primarily in Hong Kong. More Details
Adequate balance sheet and overvalued.
Share Price & News
How has Tern Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 277 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 277's weekly volatility (5%) has been stable over the past year.
7 Day Return
HK Real Estate
1 Year Return
HK Real Estate
Return vs Industry: 277 underperformed the Hong Kong Real Estate industry which returned -0.1% over the past year.
Return vs Market: 277 underperformed the Hong Kong Market which returned 21.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Tern Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StSomething To Consider Before Buying Tern Properties Company Limited (HKG:277) For The 1.2% Dividend
3 months ago | Simply Wall StIf You Had Bought Tern Properties' (HKG:277) Shares Three Years Ago You Would Be Down 32%
5 months ago | Simply Wall StHere's Why Tern Properties (HKG:277) Can Afford Some Debt
Is Tern Properties undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 277 (HK$3.43) is trading above our estimate of fair value (HK$0.97)
Significantly Below Fair Value: 277 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 277 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Real Estate industry average.
PE vs Market: 277 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 277's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 277 is good value based on its PB Ratio (0.3x) compared to the HK Real Estate industry average (0.5x).
How is Tern Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Tern Properties 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.
How has Tern Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 277 is currently unprofitable.
Growing Profit Margin: 277 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 277 is unprofitable, and losses have increased over the past 5 years at a rate of 64% per year.
Accelerating Growth: Unable to compare 277's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 277 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (6.1%).
Return on Equity
High ROE: 277 has a negative Return on Equity (-11.1%), as it is currently unprofitable.
How is Tern Properties's financial position?
Financial Position Analysis
Short Term Liabilities: 277's short term assets (HK$188.1M) exceed its short term liabilities (HK$37.7M).
Long Term Liabilities: 277's short term assets (HK$188.1M) do not cover its long term liabilities (HK$276.5M).
Debt to Equity History and Analysis
Debt Level: 277's debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 277's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 277 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 277 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 15.4% per year.
What is Tern Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 277's dividend (1.31%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (1.87%).
High Dividend: 277's dividend (1.31%) is low compared to the top 25% of dividend payers in the Hong Kong market (6%).
Stability and Growth of Payments
Stable Dividend: 277's dividend payments have been volatile in the past 10 years.
Growing Dividend: 277's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: 277 is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hoi Sow Chan (86 yo)
Mr. Hoi Sow Chan has been the Chairman and Managing Director of Tern Properties Company Limited since 1987. He has many years of experience in property investment and development in Hong Kong, the Mainlan...
CEO Compensation Analysis
Compensation vs Market: Hoi Sow's total compensation ($USD1.16M) is above average for companies of similar size in the Hong Kong market ($USD228.52K).
Compensation vs Earnings: Hoi Sow's compensation has increased whilst the company is unprofitable.
Experienced Management: 277's management team is seasoned and experienced (17.4 years average tenure).
Experienced Board: 277's board of directors are seasoned and experienced ( 16.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tern Properties Company Limited's company bio, employee growth, exchange listings and data sources
- Name: Tern Properties Company Limited
- Ticker: 277
- Exchange: SEHK
- Founded: NaN
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: HK$950.909m
- Shares outstanding: 277.23m
- Website: https://www.tern.hk
Number of Employees
- Tern Properties Company Limited
- Tern Centre
- 26th Floor
- Hong Kong
Tern Properties Company Limited, an investment holding company, engages in property investment and treasury investment activities primarily in Hong Kong. The company operates commercial shops and office pr...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/19 10:09|
|End of Day Share Price||2021/06/18 00:00|
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.