| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 5/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
3900 Stock Overview
Greentown China Holdings Limited, an investment holding company, engages in the property development and related business in China.
Greentown China Holdings Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$12.62 |
| 52 Week High | HK$14.04 |
| 52 Week Low | HK$8.09 |
| Beta | 1.05 |
| 1 Month Change | 7.68% |
| 3 Month Change | 6.95% |
| 1 Year Change | 0.48% |
| 3 Year Change | 102.24% |
| 5 Year Change | 95.96% |
| Change since IPO | 44.23% |
Recent News & Updates
Is Greentown China Holdings (HKG:3900) 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...
At HK$11.58, Is It Time To Put Greentown China Holdings Limited (HKG:3900) On Your Watch List?
Greentown China Holdings Limited ( HKG:3900 ), is not the largest company out there, but it received a lot of attention...
These 4 Measures Indicate That Greentown China Holdings (HKG:3900) Is Using Debt Extensively
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Shareholder Returns
| 3900 | HK Real Estate | HK Market | |
|---|---|---|---|
| 7D | -4.7% | 0.2% | 3.2% |
| 1Y | 0.5% | -22.4% | -11.9% |
Return vs Industry: 3900 exceeded the Hong Kong Real Estate industry which returned -22.4% over the past year.
Return vs Market: 3900 exceeded the Hong Kong Market which returned -11.9% over the past year.
Price Volatility
| 3900 volatility | |
|---|---|
| 3900 Average Weekly Movement | 6.8% |
| Real Estate Industry Average Movement | 5.6% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in HK Market | 13.1% |
| 10% least volatile stocks in HK Market | 3.0% |
Stable Share Price: 3900 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 3900's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1995 | 8,917 | Jiafeng Guo | https://www.chinagreentown.com |
Greentown China Holdings Limited, an investment holding company, engages in the property development and related business in China. It operates through Property Development, Hotel Operations, Property Investment, and Project Management segments. The company develops and sells residential properties.
Greentown China Holdings Fundamentals Summary
| 3900 fundamental statistics | |
|---|---|
| Market Cap | CN¥25.75b |
| Earnings (TTM) | CN¥2.79b |
| Revenue (TTM) | CN¥78.02b |
9.2x
P/E Ratio0.3x
P/S RatioIs 3900 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 3900 income statement (TTM) | |
|---|---|
| Revenue | CN¥78.02b |
| Cost of Revenue | CN¥60.95b |
| Gross Profit | CN¥17.07b |
| Expenses | CN¥14.27b |
| Earnings | CN¥2.79b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.12 |
| Gross Margin | 21.88% |
| Net Profit Margin | 3.58% |
| Debt/Equity Ratio | 142.7% |
How did 3900 perform over the long term?
See historical performance and comparisonDividends
3.4%
Current Dividend Yield31%
Payout RatioValuation
Is Greentown China Holdings 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: 3900 (HK$12.62) is trading below our estimate of fair value (HK$200.85)
Significantly Below Fair Value: 3900 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3900 is poor value based on its PE Ratio (9.2x) compared to the Hong Kong Real Estate industry average (6.7x).
PE vs Market: 3900's PE Ratio (9.2x) is in line with the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: 3900 is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: 3900's PB Ratio (0.5x) is in line with the HK Real Estate industry average.
Future Growth
How is Greentown China Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
12.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3900's forecast earnings growth (12.3% per year) is above the savings rate (1.5%).
Earnings vs Market: 3900's earnings (12.3% per year) are forecast to grow slower than the Hong Kong market (16.4% per year).
High Growth Earnings: 3900's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3900's revenue (14.8% per year) is forecast to grow faster than the Hong Kong market (11.7% per year).
High Growth Revenue: 3900's revenue (14.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3900's Return on Equity is forecast to be low in 3 years time (9.7%).
Past Performance
How has Greentown China Holdings performed over the past 5 years?
7.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3900 has high quality earnings.
Growing Profit Margin: 3900's current net profit margins (3.6%) are higher than last year (1.8%).
Past Earnings Growth Analysis
Earnings Trend: 3900's earnings have grown by 7.4% per year over the past 5 years.
Accelerating Growth: 3900's earnings growth over the past year (136.7%) exceeds its 5-year average (7.4% per year).
Earnings vs Industry: 3900 earnings growth over the past year (136.7%) exceeded the Real Estate industry 21.7%.
Return on Equity
High ROE: 3900's Return on Equity (7.3%) is considered low.
Financial Health
How is Greentown China Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 3900's short term assets (CN¥428.2B) exceed its short term liabilities (CN¥287.2B).
Long Term Liabilities: 3900's short term assets (CN¥428.2B) exceed its long term liabilities (CN¥103.2B).
Debt to Equity History and Analysis
Debt Level: 3900's net debt to equity ratio (79.6%) is considered high.
Reducing Debt: 3900's debt to equity ratio has increased from 128.1% to 142.7% over the past 5 years.
Debt Coverage: 3900's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3900's interest payments on its debt are well covered by EBIT (93.2x coverage).
Balance Sheet
Dividend
What is Greentown China Holdings's current dividend yield, its reliability and sustainability?
3.40%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3900's dividend (3.4%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.36%).
High Dividend: 3900's dividend (3.4%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.96%).
Stability and Growth of Payments
Stable Dividend: 3900's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3900's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.2%), 3900's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3900's dividends in 3 years are forecast to be well covered by earnings (36.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Jiafeng Guo (56 yo)
1.08yrs
Tenure
CN¥5,628,000
Compensation
Mr. Jiafeng Guo serves as Executive Director of Greentown China Holdings Limited since July 11, 2019 and serves as Chief Executive Officer since December 17, 2020 and served as Executive President since Ju...
CEO Compensation Analysis
Compensation vs Market: Jiafeng's total compensation ($USD885.89K) is above average for companies of similar size in the Hong Kong market ($USD660.88K).
Compensation vs Earnings: Jiafeng's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: 3900's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
Experienced Board: 3900's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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
Greentown China Holdings Limited's employee growth, exchange listings and data sources
Key Information
- Name: Greentown China Holdings Limited
- Ticker: 3900
- Exchange: SEHK
- Founded: 1995
- Industry: Real Estate Development
- Sector: Real Estate
- Implied Market Cap: HK$31.556b
- Shares outstanding: 2.50b
- Website: https://www.chinagreentown.com
Number of Employees
Location
- Greentown China Holdings Limited
- Dragon Century Plaza
- 10th Floor
- Hangzhou
- Zhejiang Province
- 310007
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/17 16:28 |
| End of Day Share Price | 2022/01/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.