Everbright Grand China Assets Limited, an investment holding company, provides property leasing and management services primarily in Chengdu and Kunming, the People’s Republic of China. More Details
Flawless balance sheet and undervalued.
Share Price & News
How has Everbright Grand China Assets's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3699 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: 3699's weekly volatility (10%) has been stable over the past year.
7 Day Return
HK Real Estate
1 Year Return
HK Real Estate
Return vs Industry: 3699 exceeded the Hong Kong Real Estate industry which returned -8.3% over the past year.
Return vs Market: 3699 underperformed the Hong Kong Market which returned 8.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Everbright Grand China Assets's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StHere's How We Evaluate Everbright Grand China Assets Limited's (HKG:3699) Dividend
1 month ago | Simply Wall StEverbright Grand China Assets (HKG:3699) Is Growing Earnings But Are They A Good Guide?
2 months ago | Simply Wall StIs Everbright Grand China Assets (HKG:3699) A Risky Investment?
Is Everbright Grand China Assets undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3699 (HK$0.51) is trading below our estimate of fair value (HK$0.65)
Significantly Below Fair Value: 3699 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3699 is good value based on its PE Ratio (5.9x) compared to the HK Real Estate industry average (8.6x).
PE vs Market: 3699 is good value based on its PE Ratio (5.9x) compared to the Hong Kong market (11.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 3699's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 3699 is good value based on its PB Ratio (0.2x) compared to the HK Real Estate industry average (0.4x).
How is Everbright Grand China Assets 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 Everbright Grand China Assets 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.
- Examine whether Everbright Grand China Assets is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Everbright Grand China Assets competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Everbright Grand China Assets performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3699 has a large one-off gain of CN¥29.7M impacting its June 30 2020 financial results.
Growing Profit Margin: 3699's current net profit margins (54.9%) are higher than last year (38.7%).
Past Earnings Growth Analysis
Earnings Trend: 3699's earnings have grown by 4.2% per year over the past 5 years.
Accelerating Growth: 3699's earnings growth over the past year (22.4%) exceeds its 5-year average (4.2% per year).
Earnings vs Industry: 3699 earnings growth over the past year (22.4%) exceeded the Real Estate industry 1%.
Return on Equity
High ROE: 3699's Return on Equity (3.5%) is considered low.
How is Everbright Grand China Assets's financial position?
Financial Position Analysis
Short Term Liabilities: 3699's short term assets (CN¥216.1M) exceed its short term liabilities (CN¥37.9M).
Long Term Liabilities: 3699's short term assets (CN¥216.1M) exceed its long term liabilities (CN¥196.6M).
Debt to Equity History and Analysis
Debt Level: 3699's debt to equity ratio (1.8%) is considered satisfactory.
Reducing Debt: 3699's debt to equity ratio has reduced from 18.7% to 1.8% over the past 5 years.
Debt Coverage: 3699's debt is well covered by operating cash flow (130.1%).
Interest Coverage: 3699 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Everbright Grand China Assets's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3699's dividend (4.69%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).
High Dividend: 3699's dividend (4.69%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.6%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether 3699's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 3699's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.6%), 3699's dividend payments are well covered by earnings.
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 board tenure
Jia Liu (55 yo)
Mr. Jia Liu serves as Chief Executive Officer of Everbright Grand China Assets Limited and serves as its Chairman since June 07, 2017. Mr. Liu serves as a director and the chairman Growing China Limited (“...
CEO Compensation Analysis
Compensation vs Market: Jia's total compensation ($USD312.69K) is above average for companies of similar size in the Hong Kong market ($USD232.23K).
Compensation vs Earnings: Jia's compensation has been consistent with company performance over the past year.
|Chairman & CEO||no data||CN¥2.06m||no data|
|GM & Executive Director||10yrs||CN¥1.40m||no data|
|Independent Non-Executive Director||2.83yrs||CN¥197.00k||no data|
|Independent Non-Executive Director||2.83yrs||CN¥199.00k||no data|
|Non-Executive Director||3.42yrs||no data||no data|
|Non-Executive Director||3.42yrs||no data||no data|
|Independent Non-Executive Director||2.83yrs||CN¥198.00k||no data|
|Independent Non-Executive Director||2.83yrs||CN¥195.00k||no data|
Experienced Board: 3699's board of directors are considered experienced (3.1 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Everbright Grand China Assets Limited's company bio, employee growth, exchange listings and data sources
- Name: Everbright Grand China Assets Limited
- Ticker: 3699
- Exchange: SEHK
- Founded: 1993
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: HK$225.114m
- Shares outstanding: 441.40m
- Website: https://www.ebgca.com.hk
Number of Employees
- Everbright Grand China Assets Limited
- Bank of East Asia Harbour View Centre
- Room 1302
- Wan Chai
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|3699||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 2018|
Everbright Grand China Assets Limited, an investment holding company, provides property leasing and management services primarily in Chengdu and Kunming, the People’s Republic of China. Its property portfo...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/27 10:10|
|End of Day Share Price||2020/11/27 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.