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3377

Sino-Ocean Group HoldingSEHK:3377 Stock Report

Last Price

HK$1.99

Market Cap

HK$15.1b

7D

-1.0%

1Y

13.7%

Updated

17 Jan, 2022

Data

Company Financials +
3377 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends3/6

3377 Stock Overview

Sino-Ocean Group Holding Limited, an investment holding company, engages in the property investment and development activities in the People’s Republic of China.

Price History & Performance

Summary of all time highs, changes and price drops for Sino-Ocean Group Holding
Historical stock prices
Current Share PriceHK$1.99
52 Week HighHK$2.04
52 Week LowHK$1.31
Beta1.1
1 Month Change9.34%
3 Month Change14.37%
1 Year Change13.71%
3 Year Change-45.63%
5 Year Change-41.47%
Change since IPO-81.91%

Recent News & Updates

Dec 20
Is Sino-Ocean Group Holding (HKG:3377) A Risky Investment?

Is Sino-Ocean Group Holding (HKG:3377) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Nov 08
Sino-Ocean Group Holding Limited's (HKG:3377) Intrinsic Value Is Potentially 44% Above Its Share Price

Sino-Ocean Group Holding Limited's (HKG:3377) Intrinsic Value Is Potentially 44% Above Its Share Price

How far off is Sino-Ocean Group Holding Limited ( HKG:3377 ) from its intrinsic value? Using the most recent financial...

Oct 04
What Does Sino-Ocean Group Holding Limited's (HKG:3377) Share Price Indicate?

What Does Sino-Ocean Group Holding Limited's (HKG:3377) Share Price Indicate?

While Sino-Ocean Group Holding Limited ( HKG:3377 ) might not be the most widely known stock at the moment, it saw a...

Sep 16
These 4 Measures Indicate That Sino-Ocean Group Holding (HKG:3377) Is Using Debt In A Risky Way

These 4 Measures Indicate That Sino-Ocean Group Holding (HKG:3377) Is Using Debt In A Risky Way

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

3377HK Real EstateHK Market
7D-1.0%0.2%3.2%
1Y13.7%-22.4%-11.9%

Return vs Industry: 3377 exceeded the Hong Kong Real Estate industry which returned -22.4% over the past year.

Return vs Market: 3377 exceeded the Hong Kong Market which returned -11.9% over the past year.

Price Volatility

Is 3377's price volatile compared to industry and market?
3377 volatility
3377 Average Weekly Movement5.2%
Real Estate Industry Average Movement5.6%
Market Average Movement6.7%
10% most volatile stocks in HK Market13.1%
10% least volatile stocks in HK Market3.0%

Stable Share Price: 3377 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: 3377's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199313,078Ming Lihttps://www.sinooceangroup.com

Sino-Ocean Group Holding Limited, an investment holding company, engages in the property investment and development activities in the People’s Republic of China. It develops residential properties; and invests in office premises, shopping malls, and commercial complexes. The company also provides property management, renovation, consultancy, land development, landscaping, and senior housing services, as well as property sales agency and upfitting services.

Sino-Ocean Group Holding Fundamentals Summary

How do Sino-Ocean Group Holding's earnings and revenue compare to its market cap?
3377 fundamental statistics
Market CapCN¥12.33b
Earnings (TTM)CN¥2.65b
Revenue (TTM)CN¥57.65b

4.6x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3377 income statement (TTM)
RevenueCN¥57.65b
Cost of RevenueCN¥47.05b
Gross ProfitCN¥10.60b
ExpensesCN¥7.95b
EarningsCN¥2.65b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.35
Gross Margin18.39%
Net Profit Margin4.60%
Debt/Equity Ratio120.6%

How did 3377 perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

35%

Payout Ratio

Valuation

Is Sino-Ocean Group Holding undervalued compared to its fair value and its price relative to the market?

23.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3377 (HK$1.99) is trading below our estimate of fair value (HK$2.59)

Significantly Below Fair Value: 3377 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3377 is good value based on its PE Ratio (4.6x) compared to the Hong Kong Real Estate industry average (6.7x).

PE vs Market: 3377 is good value based on its PE Ratio (4.6x) compared to the Hong Kong market (9.1x).


Price to Earnings Growth Ratio

PEG Ratio: 3377 is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: 3377 is good value based on its PB Ratio (0.2x) compared to the HK Real Estate industry average (0.4x).


Future Growth

How is Sino-Ocean Group Holding forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

2.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3377's forecast earnings growth (2.5% per year) is above the savings rate (1.5%).

Earnings vs Market: 3377's earnings (2.5% per year) are forecast to grow slower than the Hong Kong market (16.4% per year).

High Growth Earnings: 3377's earnings are forecast to grow, but not significantly.

Revenue vs Market: 3377's revenue (7.3% per year) is forecast to grow slower than the Hong Kong market (11.7% per year).

High Growth Revenue: 3377's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3377's Return on Equity is forecast to be low in 3 years time (4.2%).


Past Performance

How has Sino-Ocean Group Holding performed over the past 5 years?

-8.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3377 has high quality earnings.

Growing Profit Margin: 3377's current net profit margins (4.6%) are higher than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: 3377's earnings have declined by 8.8% per year over the past 5 years.

Accelerating Growth: 3377's earnings growth over the past year (32.4%) exceeds its 5-year average (-8.8% per year).

Earnings vs Industry: 3377 earnings growth over the past year (32.4%) exceeded the Real Estate industry 21.7%.


Return on Equity

High ROE: 3377's Return on Equity (6.5%) is considered low.


Financial Health

How is Sino-Ocean Group Holding's financial position?


Financial Position Analysis

Short Term Liabilities: 3377's short term assets (CN¥193.5B) exceed its short term liabilities (CN¥126.2B).

Long Term Liabilities: 3377's short term assets (CN¥193.5B) exceed its long term liabilities (CN¥69.3B).


Debt to Equity History and Analysis

Debt Level: 3377's net debt to equity ratio (74.4%) is considered high.

Reducing Debt: 3377's debt to equity ratio has increased from 91.6% to 120.6% over the past 5 years.

Debt Coverage: 3377's debt is not well covered by operating cash flow (9.2%).

Interest Coverage: 3377's interest payments on its debt are well covered by EBIT (48.9x coverage).


Balance Sheet


Dividend

What is Sino-Ocean Group Holding current dividend yield, its reliability and sustainability?

6.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3377's dividend (6.51%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.36%).

High Dividend: 3377's dividend (6.51%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.96%).


Stability and Growth of Payments

Stable Dividend: 3377's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3377's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.7%), 3377's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3377's dividends in 3 years are forecast to be well covered by earnings (46.7% payout ratio).


Next Steps

Management

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

8.8yrs

Average management tenure


CEO

Ming Li (58 yo)

15.42yrs

Tenure

CN¥26,634,000

Compensation

Mr. LI Ming serves as the Chief Executive Officer of Sino-Ocean Group Holding Limited (formerly, Sino-Ocean Land Holdings Ltd.), Sino-Ocean Holding Group (China) Limited (formerly known as Sino-Ocean Land...


CEO Compensation Analysis

Compensation vs Market: Ming's total compensation ($USD4.19M) is above average for companies of similar size in the Hong Kong market ($USD481.43K).

Compensation vs Earnings: Ming's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 3377's management team is seasoned and experienced (8.8 years average tenure).


Board Members

Experienced Board: 3377'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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sino-Ocean Group Holding Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Sino-Ocean Group Holding Limited
  • Ticker: 3377
  • Exchange: SEHK
  • Founded: 1993
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Implied Market Cap: HK$15.113b
  • Shares outstanding: 7.59b
  • Website: https://www.sinooceangroup.com

Number of Employees


Location

  • Sino-Ocean Group Holding Limited
  • Ocean International Center, Tower A
  • 31 -33 Floor
  • Beijing
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 16:30
End of Day Share Price2022/01/17 00:00
Earnings2021/06/30
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.