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China Evergrande Group

SEHK:3333
Snowflake Description

Proven track record with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3333
SEHK
HK$283B
Market Cap
  1. Home
  2. HK
  3. Real Estate
Company description

China Evergrande Group, an investment holding company, engages in the property development, property investment, property management, hotel operations, finance, Internet, and health businesses in the People’s Republic of China. The last earnings update was 41 days ago. More info.


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  • China Evergrande Group has significant price volatility in the past 3 months.
3333 Share Price and Events
7 Day Returns
-5.7%
SEHK:3333
-2.2%
HK Real Estate
-2.5%
HK Market
1 Year Returns
-14%
SEHK:3333
-10.4%
HK Real Estate
-15.9%
HK Market
3333 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Evergrande Group (3333) -5.7% -15.2% -10% -14% 322.5% 517.5%
HK Real Estate -2.2% -6.7% 2.2% -10.4% 55.3% 49.5%
HK Market -2.5% -8.6% -2.1% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 3333 underperformed the Real Estate industry which returned -10.4% over the past year.
  • 3333 outperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
3333
Industry
5yr Volatility vs Market

3333 Value

 Is China Evergrande Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of China Evergrande Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Evergrande Group.

SEHK:3333 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.9%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:3333
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.989 (1 + (1- 25%) (271.95%))
2.344
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 5.96%)
13.92%

Discounted Cash Flow Calculation for SEHK:3333 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Evergrande Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:3333 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 13.92%)
2019 21,408.80 Analyst x2 18,792.34
2020 60,738.45 Analyst x4 46,799.47
2021 30,004.67 Analyst x2 20,293.39
2022 15,948.33 Est @ -46.85% 9,468.25
2023 10,814.23 Est @ -32.19% 5,635.58
2024 8,442.28 Est @ -21.93% 3,861.81
2025 7,196.82 Est @ -14.75% 2,889.76
2026 6,496.87 Est @ -9.73% 2,289.88
2027 6,093.59 Est @ -6.21% 1,885.26
2028 5,865.44 Est @ -3.74% 1,592.89
Present value of next 10 years cash flows CN¥113,508.62
SEHK:3333 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥5,865.44 × (1 + 2%) ÷ (13.92% – 2%)
CN¥50,192.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥50,192.29 ÷ (1 + 13.92%)10
CN¥13,630.85
SEHK:3333 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥113,508.62 + CN¥13,630.85
CN¥127,139.47
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥127,139.47 / 13,125.37
CN¥9.69
SEHK:3333 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:3333)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥9.69 x 1.135
HK$10.99
Value per share (HKD) From above. HK$10.99
Current discount Discount to share price of HK$21.55
= -1 x (HK$21.55 - HK$10.99) / HK$10.99
-96.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of China Evergrande Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Evergrande Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Evergrande Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:3333 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥2.85
SEHK:3333 Share Price ** SEHK (2019-05-17) in HKD HK$21.55
SEHK:3333 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥18.99
Hong Kong Real Estate Industry PE Ratio Median Figure of 186 Publicly-Listed Real Estate Companies 6.29x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China Evergrande Group.

SEHK:3333 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:3333 Share Price ÷ EPS (both in CNY)

= 18.99 ÷ 2.85

6.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Evergrande Group is overvalued based on earnings compared to the HK Real Estate industry average.
  • China Evergrande Group is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Evergrande Group's expected growth come at a high price?
Raw Data
SEHK:3333 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
17.6%per year
Hong Kong Real Estate Industry PEG Ratio Median Figure of 58 Publicly-Listed Real Estate Companies 0.28x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

SEHK:3333 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.67x ÷ 17.6%

0.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Evergrande Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China Evergrande Group's assets?
Raw Data
SEHK:3333 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥10.14
SEHK:3333 Share Price * SEHK (2019-05-17) in HKD HK$21.55
SEHK:3333 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥18.99
Hong Kong Real Estate Industry PB Ratio Median Figure of 229 Publicly-Listed Real Estate Companies 0.58x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:3333 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:3333 Share Price ÷ Book Value per Share (both in CNY)

= 18.99 ÷ 10.14

1.87x

* Primary Listing of China Evergrande Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Evergrande Group is overvalued based on assets compared to the HK Real Estate industry average.
X
Value checks
We assess China Evergrande Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. China Evergrande Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

3333 Future Performance

 How is China Evergrande Group expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Evergrande Group expected to grow at an attractive rate?
  • China Evergrande Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • China Evergrande Group's earnings growth is expected to exceed the Hong Kong market average.
  • China Evergrande Group's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:3333 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:3333 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 17.6%
SEHK:3333 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 13.5%
Hong Kong Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
Hong Kong Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 16.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:3333 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:3333 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 711,834 57,066 67,494 11
2020-12-31 630,996 74,551 57,525 17
2019-12-31 565,281 67,072 52,668 17
SEHK:3333 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 466,196 54,749 37,390
2018-09-30 444,793 975 36,867
2018-06-30 423,389 -52,800 36,343
2018-03-31 367,206 -101,887 30,358
2017-12-31 311,022 -150,973 24,372
2017-09-30 311,475 -138,515 23,140
2017-06-30 311,927 -126,056 21,908
2017-03-31 261,686 -92,333 13,500
2016-12-31 211,444 -58,610 5,091
2016-09-30 177,165 -42,413 4,071
2016-06-30 142,885 -26,216 3,050
2016-03-31 138,008 -24,983 6,755

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Evergrande Group's earnings are expected to grow by 17.6% yearly, however this is not considered high growth (20% yearly).
  • China Evergrande Group's revenue is expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:3333 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from China Evergrande Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3333 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.97 5.99 4.20 9.00
2020-12-31 4.26 5.41 3.03 15.00
2019-12-31 3.91 4.70 3.40 15.00
SEHK:3333 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 2.85
2018-09-30 2.81
2018-06-30 2.76
2018-03-31 2.30
2017-12-31 1.83
2017-09-30 1.72
2017-06-30 1.62
2017-03-31 0.99
2016-12-31 0.37
2016-09-30 0.29
2016-06-30 0.22
2016-03-31 0.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • China Evergrande Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess China Evergrande Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Evergrande Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

3333 Past Performance

  How has China Evergrande Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China Evergrande Group's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Evergrande Group has delivered over 20% year on year earnings growth in the past 5 years.
  • China Evergrande Group's 1-year earnings growth exceeds its 5-year average (53.4% vs 26.9%)
  • China Evergrande Group's earnings growth has exceeded the HK Real Estate industry average in the past year (53.4% vs 6.9%).
Earnings and Revenue History
China Evergrande Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Evergrande Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:3333 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 466,196.00 37,390.00 32,896.00
2018-09-30 444,792.50 36,866.50 32,476.91
2018-06-30 423,389.00 36,343.00 32,127.81
2018-03-31 367,205.50 30,357.50 30,791.31
2017-12-31 311,022.00 24,372.00 29,384.81
2017-09-30 311,474.50 23,140.00 28,263.41
2017-06-30 311,927.00 21,908.00 27,142.00
2017-03-31 261,685.50 13,499.50 26,361.50
2016-12-31 211,444.00 5,091.00 25,581.00
2016-09-30 177,164.50 4,070.50 24,230.50
2016-06-30 142,885.00 3,050.00 22,880.00
2016-03-31 138,007.50 6,755.00 21,172.00
2015-12-31 133,130.00 10,460.00 19,464.00
2015-09-30 129,467.13 11,756.78 17,727.63
2015-06-30 125,804.25 13,053.56 15,991.26
2015-03-31 118,601.13 12,828.78 14,592.13
2014-12-31 111,398.00 12,604.00 13,193.00
2014-09-30 113,227.11 13,977.97 11,856.38
2014-06-30 115,056.21 15,351.95 10,519.75
2014-03-31 104,364.00 13,981.86 9,150.99
2013-12-31 93,671.78 12,611.78 7,782.22
2013-09-30 81,921.79 11,178.53 6,887.52
2013-06-30 70,171.81 9,745.29 5,992.81
2013-03-31 67,716.32 9,458.06 5,805.57
2012-12-31 65,260.84 9,170.84 5,618.33
2012-09-30 66,081.15 10,277.18 5,330.08
2012-06-30 66,901.47 11,383.52 5,041.83

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst China Evergrande Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • China Evergrande Group used its assets less efficiently than the HK Real Estate industry average last year based on Return on Assets.
  • China Evergrande Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Evergrande Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Evergrande Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

3333 Health

 How is China Evergrande Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Evergrande Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Evergrande Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Evergrande Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Evergrande Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Evergrande Group Company Filings, last reported 4 months ago.

SEHK:3333 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 308,626.00 677,873.00 130,537.00
2018-09-30 308,626.00 677,873.00 130,537.00
2018-06-30 324,526.00 671,129.00 158,496.00
2018-03-31 324,526.00 671,129.00 158,496.00
2017-12-31 242,208.00 735,958.00 156,678.00
2017-09-30 242,208.00 735,958.00 156,678.00
2017-06-30 168,171.00 673,494.00 171,235.00
2017-03-31 168,171.00 673,494.00 171,235.00
2016-12-31 192,532.00 540,163.00 202,023.00
2016-09-30 192,532.00 540,163.00 202,023.00
2016-06-30 182,048.00 381,261.00 122,807.00
2016-03-31 182,048.00 381,261.00 122,807.00
2015-12-31 142,142.00 298,666.00 103,397.00
2015-09-30 142,142.00 298,666.00 103,397.00
2015-06-30 120,845.03 185,974.20 38,068.30
2015-03-31 120,845.03 185,974.20 38,068.30
2014-12-31 112,378.00 161,684.00 40,797.00
2014-09-30 112,378.00 161,684.00 40,797.00
2014-06-30 97,884.73 151,780.73 36,230.02
2014-03-31 97,884.73 151,780.73 36,230.02
2013-12-31 79,342.63 108,817.34 40,118.45
2013-09-30 79,342.63 108,817.34 40,118.45
2013-06-30 58,001.40 75,818.71 32,981.09
2013-03-31 58,001.40 75,818.71 32,981.09
2012-12-31 41,691.33 60,273.86 17,790.32
2012-09-30 41,691.33 60,273.86 17,790.32
2012-06-30 36,329.15 59,657.90 18,502.38
  • China Evergrande Group's level of debt (219.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (137.4% vs 219.6% today).
  • Debt is not well covered by operating cash flow (8.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 35.2x coverage).
X
Financial health checks
We assess China Evergrande Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Evergrande Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

3333 Dividends

 What is China Evergrande Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from China Evergrande Group dividends. Estimated to be 11.65% next year.
If you bought HK$2,000 of China Evergrande Group shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate China Evergrande Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Evergrande Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:3333 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
Hong Kong Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 143 Stocks 4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:3333 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.43 11.00
2020-12-31 2.13 16.00
2019-12-31 2.14 16.00
SEHK:3333 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-08 0.000 0.000
2019-03-26 0.000 0.000
2018-08-28 0.920 4.569
2018-04-30 0.920 4.717
2018-03-26 0.920 4.491
2017-04-27 0.210 1.248
2017-03-28 0.210 2.939
2016-05-16 0.380 8.159
2015-04-29 0.430 9.713
2014-06-16 0.430 16.324
2013-09-26 0.000 0.000
2013-08-26 0.000 0.000
2012-03-28 0.190 6.657
2011-03-29 0.127 3.806
2010-04-22 0.007 0.268

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as China Evergrande Group has not reported any payouts.
  • Unable to verify if China Evergrande Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Evergrande Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Evergrande Group has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess China Evergrande Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Evergrande Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Evergrande Group has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

3333 Management

 What is the CEO of China Evergrande Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
James Xia
COMPENSATION CN¥242,957,000
AGE 54
TENURE AS CEO 11.9 years
CEO Bio

Dr. Haijun Xia, also known as James, has been the Chief Executive Officer at China Evergrande Group since June 2007 and also serves as its President and Vice Chairman. Dr. Xia has been an Executive Director of China Evergrande Group since March 06, 2008. He serves as Vice President of the Board of Directors of China Evergrande Group. Dr. Xia served for subsidiaries of CITIC Group from 1990 to 2003 and served as an Executive Vice General Manager of CITIC South China (Group) Co., Ltd. from 2000 to 2003. He served as a Non-Executive Director of E-House (China) Enterprise Holdings Limited since March 16, 2018 until April 15, 2019. Dr. Xia has 20 years of experience in property development and property management and is accredited as a senior economist in China. He is mainly in charge of the daily management of Evergrande Real Estate nationwide business operations including business expansion, procurement, marketing and corporate brand promotion, management information system and hotel management. Dr. Xia received his bachelor’s degree in metal material from Zhongnan Industrial University in July 1988, his master’s degree in business administration in December 1998 and his doctorate degree in industrial economy in June 2001, both from Jinan University.

CEO Compensation
  • James's compensation has been consistent with company performance over the past year.
  • James's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the China Evergrande Group management team in years:

2.8
Average Tenure
53
Average Age
  • The tenure for the China Evergrande Group management team is about average.
Management Team

James Xia

TITLE
Vice Chairman
COMPENSATION
CN¥243M
AGE
54
TENURE
11.9 yrs

Darong Pan

TITLE
CFO, GM of Financial Planning Center & Executive Director
COMPENSATION
CN¥17M
AGE
45
TENURE
2.8 yrs

Xiangui Huang

TITLE
Executive Director
COMPENSATION
CN¥8M
AGE
47

Miaoling He

TITLE
VP & Executive Director
COMPENSATION
CN¥18M
AGE
53

Junping Shi

TITLE
VP of the Real Estate Group & Executive Director
COMPENSATION
CN¥12M
AGE
35

Ka Yan Hui

TITLE
Chairman of the Board
COMPENSATION
CN¥224K
AGE
60

Dongfeng Chen

TITLE
Head of Information
AGE
53
TENURE
2.5 yrs

Chen Fen

TITLE
Investor relations Officer

Shouming Shi

TITLE
Chairman of Evergrande Health Industry Group
AGE
44

Guodong Li

TITLE
Vice President
AGE
55
Board of Directors Tenure

Average tenure and age of the China Evergrande Group board of directors in years:

3.9
Average Tenure
46
Average Age
  • The tenure for the China Evergrande Group board of directors is about average.
Board of Directors

James Xia

TITLE
Vice Chairman
COMPENSATION
CN¥243M
AGE
54

Darong Pan

TITLE
CFO, GM of Financial Planning Center & Executive Director
COMPENSATION
CN¥17M
AGE
45
TENURE
2.8 yrs

Xiangui Huang

TITLE
Executive Director
COMPENSATION
CN¥8M
AGE
47
TENURE
5.3 yrs

Miaoling He

TITLE
VP & Executive Director
COMPENSATION
CN¥18M
AGE
53
TENURE
5 yrs

Junping Shi

TITLE
VP of the Real Estate Group & Executive Director
COMPENSATION
CN¥12M
AGE
35
TENURE
2.1 yrs

Ka Yan Hui

TITLE
Chairman of the Board
COMPENSATION
CN¥224K
AGE
60
TENURE
23.3 yrs

Shouming Shi

TITLE
Chairman of Evergrande Health Industry Group
AGE
44
TENURE
1.3 yrs

Jianjun Peng

TITLE
Chairman of Evergrande Powertrain Technology Group
AGE
48

Liyong Qin

TITLE
Chairman of Grain and Oil Group
AGE
40

Yongzhuo Liu

TITLE
Chairman of Evergrande New Energy Technology Group
AGE
41
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
22. Sep 18 Buy Haijun Xia Individual 20. Sep 18 20. Sep 18 1,311,000 HK$22.96 HK$30,101,740
23. Aug 18 Buy Hoi-wan Chan Individual 23. Aug 18 23. Aug 18 9,600,000 HK$28.81 HK$276,564,514
X
Management checks
We assess China Evergrande Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Evergrande Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

3333 News

Simply Wall St News

Here's Why We Think China Evergrande Group (HKG:3333) Is Well Worth Watching

Check out our latest analysis for China Evergrande Group China Evergrande Group's Earnings Per Share Are Growing. … It's a pleasure to note that insiders spent CN¥307m buying China Evergrande Group shares, over the last year, without reporting any share sales whatsoever. … China Evergrande Group's earnings per share growth has been so hot recently that thinking about it is making me blush.

Simply Wall St -

Is China Evergrande Group's (HKG:3333) ROE Of 22% Impressive?

That means that for every HK$1 worth of shareholders' equity, it generated HK$0.22 in profit. … View our latest analysis for China Evergrande Group? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Do Analysts See China Evergrande Group (HKG:3333) Performing In The Years Ahead?

China Evergrande Group's (HKG:3333) announced its latest earnings update in December 2018, whicha

Simply Wall St -

Are Insiders Buying China Evergrande Group (HKG:3333) Stock?

So shareholders might well want to know whether insiders have been buying or selling shares in China Evergrande Group (HKG:3333). … China Evergrande Group Insider Transactions Over The Last Year. … In the last twelve months China Evergrande Group insiders were buying shares, but not selling

Simply Wall St -

Is China Evergrande Group's (HKG:3333) High P/E Ratio A Problem For Investors?

We'll show how you can use China Evergrande Group's (HKG:3333) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, China Evergrande Group's P/E ratio is 7.85. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

Is China Evergrande Group's (HKG:3333) Future Growth Already Accounted For In Today's Price?

China Evergrande Group (HKG:3333) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of HK$25.85 is based on unrealistic expectations. … Check out our latest analysis for China Evergrande Group? … Investors in China Evergrande Group have been patiently waiting for the uptick in earnings.

Simply Wall St -

Did You Miss China Evergrande Group's Whopping 658% Share Price Gain?

To wit, the China Evergrande Group (HKG:3333) share price has soared 658% over five years. … During five years of share price growth, China Evergrande Group achieved compound earnings per share (EPS) growth of 34% per year. … This EPS growth is lower than the 50% average annual increase in the share price.

Simply Wall St -

How Do Analysts See China Evergrande Group (HKG:3333) Performing In The Next 12 Months?

Want to participate in a short research study? … Help shape the future of investing tools and receive a $20 prize! … Looking at China Evergrande Group's (HKG:3333) earnings update in June 2018,

Simply Wall St -

Do Insiders Own Shares In China Evergrande Group (HKG:3333)?

A look at the shareholders of China Evergrande Group (HKG:3333) can tell us which group is most powerful. … With a market capitalization of HK$300b, China Evergrande Group is rather large. … View our latest analysis for China Evergrande Group

Simply Wall St -

How Much Are China Evergrande Group (HKG:3333) Insiders Spending On Buying Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in China Evergrande Group (HKG:3333). … The Last 12 Months Of Insider Transactions At China Evergrande Group. … In the last twelve months there was more buying than selling by China Evergrande Group insiders

Simply Wall St -

3333 Company Info

Description

China Evergrande Group, an investment holding company, engages in the property development, property investment, property management, hotel operations, finance, Internet, and health businesses in the People’s Republic of China. The company operates through four segments: Property Development, Property Investment, Property Management, and Other Businesses. It develops residential property projects, as well as office buildings, commercial properties, retail shop units, and carpark spaces; and offers property management, construction and decoration, and insurance services. The company also engages in the tourism; hospital and medical cosmetology; and hotel businesses. The company was formerly known as Evergrande Real Estate Group Limited and changed its name to China Evergrande Group in July 2016. China Evergrande Group was incorporated in 2006 and is based in Shenzhen, the People’s Republic of China.

Details
Name: China Evergrande Group
3333
Exchange: SEHK
Founded: 2006
HK$282,851,635,145
13,125,365,900
Website: http://www.evergrande.com
Address: China Evergrande Group
Excellent Houhai Financial Center,
35th Floor,
Shenzhen,
Guangdong Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 3333 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 05. Nov 2009
OTCPK EGRN.F Ordinary Shares Pink Sheets LLC US USD 05. Nov 2009
DB EV1 Ordinary Shares Deutsche Boerse AG DE EUR 05. Nov 2009
SHSC 3333 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 05. Nov 2009
SZSC 3333 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 05. Nov 2009
OTCPK EGRN.Y UNSPONSORED ADR Pink Sheets LLC US USD 13. Feb 2014
Number of employees
Current staff
Staff numbers
129,534
China Evergrande Group employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 12:53
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/07
Last earnings filing: 2019/04/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.