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3913

KWG Living Group Holdings SEHK:3913 Stock Report

Last Price

HK$2.35

Market Cap

HK$4.7b

7D

9.3%

1Y

-75.0%

Updated

26 Jun, 2022

Data

Company Financials +
3913 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth6/6
Past Performance3/6
Financial Health6/6
Dividends2/6

3913 Stock Overview

KWG Living Group Holdings Limited, an investment holding company, provides various residential and non-residential property management services in the People’s Republic of China.

KWG Living Group Holdings Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for KWG Living Group Holdings
Historical stock prices
Current Share PriceHK$2.35
52 Week HighHK$10.50
52 Week LowHK$2.12
Beta0
1 Month Change-3.69%
3 Month Change-17.25%
1 Year Change-75.00%
3 Year Changen/a
5 Year Changen/a
Change since IPO-61.35%

Recent News & Updates

May 05
KWG Living Group Holdings' (HKG:3913) Solid Earnings May Rest On Weak Foundations

KWG Living Group Holdings' (HKG:3913) Solid Earnings May Rest On Weak Foundations

The recent earnings posted by KWG Living Group Holdings Limited ( HKG:3913 ) were solid, but the stock didn't move as...

Shareholder Returns

3913HK Real EstateHK Market
7D9.3%4.3%2.1%
1Y-75.0%-34.5%-23.3%

Return vs Industry: 3913 underperformed the Hong Kong Real Estate industry which returned -34.5% over the past year.

Return vs Market: 3913 underperformed the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 3913's price volatile compared to industry and market?
3913 volatility
3913 Average Weekly Movement10.6%
Real Estate Industry Average Movement6.3%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.8%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 3913 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: 3913's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

FoundedEmployeesCEOWebsite
200418,000Jiannan Konghttps://www.kwgliving.com

KWG Living Group Holdings Limited, an investment holding company, provides various residential and non-residential property management services in the People’s Republic of China. The company also offers commercial operational, real estate intermediary and consultancy, advertising planning, and business services. As of December 31, 2021, it managed 801 residential properties with an aggregate gross floor area (GFA) under the management of 99.2 million square meters; and non-residential properties with an aggregate GFA under the management of 106.9 million square meters.

KWG Living Group Holdings Fundamentals Summary

How do KWG Living Group Holdings's earnings and revenue compare to its market cap?
3913 fundamental statistics
Market CapCN¥4.04b
Earnings (TTM)CN¥674.84m
Revenue (TTM)CN¥3.26b

6.0x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3913 income statement (TTM)
RevenueCN¥3.26b
Cost of RevenueCN¥2.03b
Gross ProfitCN¥1.23b
Other ExpensesCN¥551.27m
EarningsCN¥674.84m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.33
Gross Margin37.66%
Net Profit Margin20.73%
Debt/Equity Ratio0%

How did 3913 perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

36%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 3913 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3913?

Other financial metrics that can be useful for relative valuation.

3913 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA3.1x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does 3913's PE Ratio compare to its peers?

3913 PE Ratio vs Peers
The above table shows the PE ratio for 3913 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.3x

Price-To-Earnings vs Peers: 3913 is good value based on its Price-To-Earnings Ratio (6x) compared to the peer average (16.3x).


Price to Earnings Ratio vs Industry

How does 3913's PE Ratio compare vs other companies in the Hong Kong Real Estate Industry?

Price-To-Earnings vs Industry: 3913 is good value based on its Price-To-Earnings Ratio (6x) compared to the Hong Kong Real Estate industry average (6.5x)


Price to Earnings Ratio vs Fair Ratio

What is 3913's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3913 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6x
Fair PE Ratio5.4x

Price-To-Earnings vs Fair Ratio: 3913 is expensive based on its Price-To-Earnings Ratio (6x) compared to the estimated Fair Price-To-Earnings Ratio (5.4x).


Share Price vs Fair Value

What is the Fair Price of 3913 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3913 (HK$2.35) is trading below our estimate of fair value (HK$15.28)

Significantly Below Fair Value: 3913 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 3913 is good value based on its PEG Ratio (0.3x)


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Future Growth

How is KWG Living Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3913's forecast earnings growth (23.3% per year) is above the savings rate (1.5%).

Earnings vs Market: 3913's earnings (23.3% per year) are forecast to grow faster than the Hong Kong market (17% per year).

High Growth Earnings: 3913's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3913's revenue (26.7% per year) is forecast to grow faster than the Hong Kong market (10.3% per year).

High Growth Revenue: 3913's revenue (26.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3913's Return on Equity is forecast to be high in 3 years time (24.2%)


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Past Performance

How has KWG Living Group Holdings performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


44.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 3913 has a high level of non-cash earnings.

Growing Profit Margin: 3913's current net profit margins (20.7%) are lower than last year (21.3%).


Past Earnings Growth Analysis

Earnings Trend: 3913's earnings have grown significantly by 44.2% per year over the past 5 years.

Accelerating Growth: 3913's earnings growth over the past year (108.9%) exceeds its 5-year average (44.2% per year).

Earnings vs Industry: 3913 earnings growth over the past year (108.9%) exceeded the Real Estate industry 13.4%.


Return on Equity

High ROE: 3913's Return on Equity (19.5%) is considered low.


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Financial Health

How is KWG Living Group Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 3913's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.4B).

Long Term Liabilities: 3913's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥55.6M).


Debt to Equity History and Analysis

Debt Level: 3913 is debt free.

Reducing Debt: 3913 has not had any debt for past 5 years.

Debt Coverage: 3913 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 3913 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is KWG Living Group Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.99%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 3913's dividend (5.99%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.74%).

High Dividend: 3913's dividend (5.99%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 3913's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 3913's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35.9%), 3913's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (90.1%), 3913's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.3yrs

Average management tenure


CEO

Jiannan Kong (55 yo)

2yrs

Tenure

Mr. Jiannan Kong is an Executive Director and Chief Executive Officer at KWG Living Group Holdings Limited since June 19, 2020 and was its Director since September 11, 2019. He is responsible for the overa...


Leadership Team

Experienced Management: 3913's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: 3913's board of directors are not considered experienced ( 1.8 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: 3913 insiders have only sold shares 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

KWG Living Group Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: KWG Living Group Holdings Limited
  • Ticker: 3913
  • Exchange: SEHK
  • Founded: 2004
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: HK$4.740b
  • Shares outstanding: 2.02b
  • Website: https://www.kwgliving.com

Number of Employees


Location

  • KWG Living Group Holdings Limited
  • International Commerce Centre
  • Units 8503–05A
  • Kowloon
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.