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Champion Real Estate Investment Trust

Market Cap

HK$26.6b

Last Updated

2021/05/13 10:10 UTC

Data Sources

Company Financials +

Executive Summary

Champion Real Estate Investment Trust is a trust formed to own and invest in income- producing office and retail properties. More Details


Snowflake Analysis

Average dividend payer with moderate growth potential.


Similar Companies

Share Price & News

How has Champion Real Estate Investment Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2778 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 2778's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.3%

2778

1.4%

HK REITs

-1.1%

HK Market


1 Year Return

3.7%

2778

6.7%

HK REITs

24.0%

HK Market

Return vs Industry: 2778 underperformed the Hong Kong REITs industry which returned 6.7% over the past year.

Return vs Market: 2778 underperformed the Hong Kong Market which returned 24% over the past year.


Shareholder returns

2778IndustryMarket
7 Day-1.3%1.4%-1.1%
30 Day-4.5%3.0%-0.4%
90 Day1.1%8.5%-6.8%
1 Year9.8%3.7%12.7%6.7%28.8%24.0%
3 Year-5.4%-18.9%9.1%-6.1%1.7%-9.1%
5 Year44.6%13.2%59.6%23.2%59.5%32.5%

Long-Term Price Volatility Vs. Market

How volatile is Champion Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Champion Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?

14.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2778 (HK$4.45) is trading below our estimate of fair value (HK$5.17)

Significantly Below Fair Value: 2778 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 2778 is unprofitable, so we can't compare its PE Ratio to the Asian REITs industry average.

PE vs Market: 2778 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 2778's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2778's PB Ratio (0.5x) is in line with the HK REITs industry average.


Future Growth

How is Champion Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

88.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2778 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: 2778 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 2778's is expected to become profitable in the next 3 years.

Revenue vs Market: 2778's revenue (1.6% per year) is forecast to grow slower than the Hong Kong market (12.4% per year).

High Growth Revenue: 2778's revenue (1.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 2778's Return on Equity is forecast to be low in 3 years time (2.9%).


Past Performance

How has Champion Real Estate Investment Trust performed over the past 5 years?

-39.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2778 is currently unprofitable.

Growing Profit Margin: 2778 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2778 is unprofitable, and losses have increased over the past 5 years at a rate of 39.9% per year.

Accelerating Growth: Unable to compare 2778's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2778 is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-5.4%).


Return on Equity

High ROE: 2778 has a negative Return on Equity (-24.57%), as it is currently unprofitable.


Financial Health

How is Champion Real Estate Investment Trust's financial position?


Financial Position Analysis

Short Term Liabilities: 2778's short term assets (HK$2.2B) do not cover its short term liabilities (HK$7.1B).

Long Term Liabilities: 2778's short term assets (HK$2.2B) do not cover its long term liabilities (HK$13.7B).


Debt to Equity History and Analysis

Debt Level: 2778's debt to equity ratio (32.5%) is considered satisfactory.

Reducing Debt: 2778's debt to equity ratio has increased from 30.1% to 32.5% over the past 5 years.

Debt Coverage: 2778's debt is not well covered by operating cash flow (6.5%).

Interest Coverage: 2778 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Dividend

What is Champion Real Estate Investment Trust current dividend yield, its reliability and sustainability?

5.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 2778's dividend (5.62%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.93%).

High Dividend: 2778's dividend (5.62%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.02%).


Stability and Growth of Payments

Stable Dividend: 2778's dividends per share have been stable in the past 10 years.

Growing Dividend: 2778's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (140.1%), 2778's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 2778's dividends in 3 years are forecast to be covered by earnings (97.5% payout ratio).


Next Steps

Management

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

13.9yrs

Average board tenure


CEO

Ada Wong (39 yo)

4.92yrs

Tenure

Ms. Ka Ki Wong, also known as Ada, has been the Chief Executive Officer of Eagle Asset Management (CP) Limited and Executive Director of Eagle Asset Management (CP) Limited at Champion REIT since June 30, ...


Board Members

Experienced Board: 2778's board of directors are seasoned and experienced ( 13.9 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Champion Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Champion Real Estate Investment Trust
  • Ticker: 2778
  • Exchange: SEHK
  • Founded: 2006
  • Industry: Office REITs
  • Sector: Real Estate
  • Market Cap: HK$26.587b
  • Shares outstanding: 5.92b
  • Website: https://www.championreit.com

Location

  • Champion Real Estate Investment Trust
  • Great Eagle Centre
  • Suite 3008
  • Wan Chai
  • Hong Kong

Listings


Biography

Champion Real Estate Investment Trust is a trust formed to own and invest in income- producing office and retail properties. The Trust focuses on Grade-A commercial properties in prime locations. It curren...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/13 10:10
End of Day Share Price2021/05/13 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.