Sino-Ocean Group Holding
Market Cap
HK$12.6b
Last Updated
2021/01/19 10:06 UTC
Data Sources
Company Financials +
Executive Summary
Sino-Ocean Group Holding Limited, an investment holding company, engages in the property investment and development activities in the People’s Republic of China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued established dividend payer.
Share Price & News
How has Sino-Ocean Group Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3377 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 3377's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
7.4%
3377
1.2%
HK Real Estate
3.7%
HK Market
1 Year Return
-43.4%
3377
-15.3%
HK Real Estate
9.1%
HK Market
Return vs Industry: 3377 underperformed the Hong Kong Real Estate industry which returned -15.3% over the past year.
Return vs Market: 3377 underperformed the Hong Kong Market which returned 9.1% over the past year.
Shareholder returns
| 3377 | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.4% | 1.2% | 3.7% |
| 30 Day | 13.6% | 4.9% | 9.9% |
| 90 Day | 12.9% | 2.7% | 16.7% |
| 1 Year | -40.6%-43.4% | -11.1%-15.3% | 13.5%9.1% |
| 3 Year | -68.3%-73.3% | -15.4%-26.3% | -3.3%-13.4% |
| 5 Year | -36.2%-51.7% | 67.0%32.2% | 64.9%37.1% |
Long-Term Price Volatility Vs. Market
How volatile is Sino-Ocean Group Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Sino-Ocean Group Holding (HKG:3377) Share Prices Have Dropped 74% In The Last Three Years4 weeks ago | Simply Wall St
We Think Sino-Ocean Group Holding (HKG:3377) Is Taking Some Risk With Its Debt1 month ago | Simply Wall St
What Is The Ownership Structure Like For Sino-Ocean Group Holding Limited (HKG:3377)?Valuation
Is Sino-Ocean Group Holding 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: 3377 (HK$1.75) is trading below our estimate of fair value (HK$4.76)
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 (5.6x) compared to the HK Real Estate industry average (8.3x).
PE vs Market: 3377 is good value based on its PE Ratio (5.6x) compared to the Hong Kong market (11.7x).
Price to Earnings Growth Ratio
PEG Ratio: 3377 is good value based on its PEG Ratio (0.4x)
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).
Next Steps
Future Growth
How is Sino-Ocean Group Holding forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
15.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3377's forecast earnings growth (15.1% per year) is above the savings rate (1.5%).
Earnings vs Market: 3377's earnings (15.1% per year) are forecast to grow slower than the Hong Kong market (21.1% per year).
High Growth Earnings: 3377's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3377's revenue (13.2% per year) is forecast to grow slower than the Hong Kong market (14.1% per year).
High Growth Revenue: 3377's revenue (13.2% 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 (5.5%).
Next Steps
Past Performance
How has Sino-Ocean Group Holding performed over the past 5 years?
-0.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3377 has high quality earnings.
Growing Profit Margin: 3377's current net profit margins (3.7%) are lower than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: 3377's earnings have declined by 0.9% per year over the past 5 years.
Accelerating Growth: 3377's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3377 had negative earnings growth (-35.6%) over the past year, making it difficult to compare to the Real Estate industry average (5.9%).
Return on Equity
High ROE: 3377's Return on Equity (5.4%) is considered low.
Next Steps
Financial Health
How is Sino-Ocean Group Holding's financial position?
Financial Position Analysis
Short Term Liabilities: 3377's short term assets (CN¥190.4B) exceed its short term liabilities (CN¥118.3B).
Long Term Liabilities: 3377's short term assets (CN¥190.4B) exceed its long term liabilities (CN¥68.7B).
Debt to Equity History and Analysis
Debt Level: 3377's debt to equity ratio (130.2%) is considered high.
Reducing Debt: 3377's debt to equity ratio has increased from 101% to 130.2% over the past 5 years.
Debt Coverage: 3377's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3377 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Sino-Ocean Group Holding current dividend yield, its reliability and sustainability?
8.39%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3377's dividend (8.39%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.17%).
High Dividend: 3377's dividend (8.39%) is in the top 25% of dividend payers in the Hong Kong market (6.59%)
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 increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.5%), 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 (40.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.8yrs
Average management tenure
CEO
Ming Li (57 yo)
14.42yrs
Tenure
CN¥32,866,000
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 ($USD5.06M) is above average for companies of similar size in the Hong Kong market ($USD602.52K).
Compensation vs Earnings: Ming's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 14.42yrs | CN¥32.87m | 2.75% CN¥ 347.9m | |
| Chief Financial Officer | 13.67yrs | CN¥7.22m | 0.046% CN¥ 5.9m | |
| Executive President | 0.58yr | no data | 0.0049% CN¥ 617.5k | |
| Executive President & Executive Director | 0.83yr | no data | 0.0036% CN¥ 455.9k | |
| Investor Relations Manager | no data | no data | no data | |
| Company Secretary | 0.83yr | no data | no data |
7.8yrs
Average Tenure
48yo
Average Age
Experienced Management: 3377's management team is seasoned and experienced (7.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 14.42yrs | CN¥32.87m | 2.75% CN¥ 347.9m | |
| Executive President | 0.58yr | no data | 0.0049% CN¥ 617.5k | |
| Executive President & Executive Director | 0.83yr | no data | 0.0036% CN¥ 455.9k | |
| Independent Non-Executive Director | 13.58yrs | CN¥933.00k | 0.0060% CN¥ 760.2k | |
| Independent Non-Executive Director | 3.42yrs | CN¥830.00k | no data | |
| Independent Non-Executive Director | 5.08yrs | CN¥832.00k | 0.0015% CN¥ 193.2k | |
| Independent Non-Executive Director | 4.83yrs | CN¥832.00k | 0.0015% CN¥ 193.2k | |
| Non-Executive Director | 2.67yrs | CN¥174.00k | no data | |
| Independent Non-Executive Director | 4.83yrs | CN¥832.00k | 0.0015% CN¥ 193.2k | |
| Non-Executive Director | 1.33yrs | no data | no data | |
| Non-Executive Director | 2.42yrs | CN¥174.00k | no data | |
| Non-Executive Director | 0.75yr | no data | no data |
3.0yrs
Average Tenure
53yo
Average Age
Experienced Board: 3377's board of directors are considered experienced (3 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
Sino-Ocean Group Holding Limited's company bio, 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
- Market Cap: HK$12.628b
- Shares outstanding: 7.56b
- Website: https://www.sinooceangroup.com
Number of Employees
Location
- Sino-Ocean Group Holding Limited
- Ocean International Center, Tower A
- 31 -33 Floor
- Beijing
- Beijing Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 3377 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Sep 2007 |
| 3SD | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Sep 2007 |
| SIOL.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Sep 2007 |
| 3377 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Sep 2007 |
| 3377 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Sep 2007 |
| SIOL.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Mar 2009 |
Biography
Sino-Ocean Group Holding Limited, an investment holding company, engages in the property investment and development activities in the People’s Republic of China. The company develops residential properties...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 10:06 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/06/30 |
| 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.