3990 Stock Overview
Midea Real Estate Holding Limited, an investment holding company, operates as a property developer in the People’s Republic of China.
Midea Real Estate Holding Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$12.32|
|52 Week High||HK$17.10|
|52 Week Low||HK$10.00|
|1 Month Change||-15.38%|
|3 Month Change||-21.93%|
|1 Year Change||-25.60%|
|3 Year Change||-38.40%|
|5 Year Change||n/a|
|Change since IPO||-22.42%|
Recent News & Updates
|3990||HK Real Estate||HK Market|
Return vs Industry: 3990 exceeded the Hong Kong Real Estate industry which returned -34.5% over the past year.
Return vs Market: 3990 underperformed the Hong Kong Market which returned -23.3% over the past year.
|3990 Average Weekly Movement||7.8%|
|Real Estate Industry Average Movement||6.3%|
|Market Average Movement||7.0%|
|10% most volatile stocks in HK Market||13.8%|
|10% least volatile stocks in HK Market||3.3%|
Stable Share Price: 3990 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 3990's weekly volatility (8%) has been stable over the past year.
About the Company
Midea Real Estate Holding Limited, an investment holding company, operates as a property developer in the People’s Republic of China. The company operates through four segments: Property Development and Sales; Property Management Services; Investment and Operation of Commercial Properties; and Real Estate Technologies. It develops and sells residential and industrial properties, as well as provides property management services; and invests in and operates commercial properties, such as urban complexes, community centers, long-term rental apartments, hotel, and cultural-tourism projects.
Midea Real Estate Holding Fundamentals Summary
|3990 fundamental statistics|
Is 3990 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|3990 income statement (TTM)|
|Cost of Revenue||CN¥60.21b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||3.02|
|Net Profit Margin||5.08%|
How did 3990 perform over the long term?See historical performance and comparison
12.3%Current Dividend Yield
Is 3990 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 3990?
Other financial metrics that can be useful for relative valuation.
|What is 3990's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 3990's PE Ratio compare to its peers?
|3990 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: 3990 is expensive based on its Price-To-Earnings Ratio (3.5x) compared to the peer average (2.3x).
Price to Earnings Ratio vs Industry
How does 3990's PE Ratio compare vs other companies in the Hong Kong Real Estate Industry?
Price-To-Earnings vs Industry: 3990 is good value based on its Price-To-Earnings Ratio (3.5x) compared to the Hong Kong Real Estate industry average (6.5x)
Price to Earnings Ratio vs Fair Ratio
What is 3990'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.
|Current PE Ratio||3.5x|
|Fair PE Ratio||5.7x|
Price-To-Earnings vs Fair Ratio: 3990 is good value based on its Price-To-Earnings Ratio (3.5x) compared to the estimated Fair Price-To-Earnings Ratio (5.7x).
Share Price vs Fair Value
What is the Fair Price of 3990 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 3990 (HK$12.32) is trading below our estimate of fair value (HK$50.47)
Significantly Below Fair Value: 3990 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 3990 is good value based on its PEG Ratio (0.3x)
Discover undervalued companies
How is Midea Real Estate Holding forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3990's forecast earnings growth (10.9% per year) is above the savings rate (1.5%).
Earnings vs Market: 3990's earnings (10.9% per year) are forecast to grow slower than the Hong Kong market (17% per year).
High Growth Earnings: 3990's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3990's revenue (10% per year) is forecast to grow slower than the Hong Kong market (10.3% per year).
High Growth Revenue: 3990's revenue (10% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3990's Return on Equity is forecast to be low in 3 years time (16.5%).
Discover growth companies
How has Midea Real Estate Holding performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3990 has high quality earnings.
Growing Profit Margin: 3990's current net profit margins (5.1%) are lower than last year (8.2%).
Past Earnings Growth Analysis
Earnings Trend: 3990's earnings have grown by 17.6% per year over the past 5 years.
Accelerating Growth: 3990's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 3990 had negative earnings growth (-13.5%) over the past year, making it difficult to compare to the Real Estate industry average (13.4%).
Return on Equity
High ROE: 3990's Return on Equity (11.1%) is considered low.
Discover strong past performing companies
How is Midea Real Estate Holding's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 3990's short term assets (CN¥250.5B) exceed its short term liabilities (CN¥198.8B).
Long Term Liabilities: 3990's short term assets (CN¥250.5B) exceed its long term liabilities (CN¥41.9B).
Debt to Equity History and Analysis
Debt Level: 3990's net debt to equity ratio (40.8%) is considered high.
Reducing Debt: 3990's debt to equity ratio has reduced from 782.1% to 117.8% over the past 5 years.
Debt Coverage: 3990's debt is not well covered by operating cash flow (5.7%).
Interest Coverage: 3990 earns more interest than it pays, so coverage of interest payments is not a concern.
Discover healthy companies
What is Midea Real Estate Holding current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3990's dividend (12.34%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.74%).
High Dividend: 3990's dividend (12.34%) is in the top 25% of dividend payers in the Hong Kong market (7.89%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 3990 has been paying a dividend for less than 10 years.
Growing Dividend: 3990's dividend payments have increased, but the company has only paid a dividend for 3 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (42.8%), 3990's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (52.7%), 3990's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hengle Hao (51 yo)
Mr. Hengle Hao is Chairman and President of Midea Real Estate Holding Limited since May 15, 2018 and serves as its Director since November 29, 2017. Mr. Hao is primarily responsible for the overall busines...
CEO Compensation Analysis
Compensation vs Market: Hengle's total compensation ($USD4.85M) is above average for companies of similar size in the Hong Kong market ($USD580.03K).
Compensation vs Earnings: Hengle's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: 3990's management team is considered experienced (4.1 years average tenure).
Experienced Board: 3990's board of directors are considered experienced (3.7 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.
Midea Real Estate Holding Limited's employee growth, exchange listings and data sources
- Name: Midea Real Estate Holding Limited
- Ticker: 3990
- Exchange: SEHK
- Founded: 2004
- Industry: Real Estate Development
- Sector: Real Estate
- Implied Market Cap: HK$15.268b
- Shares outstanding: 1.24b
- Website: https://www.mideadc.com
Number of Employees
- Midea Real Estate Holding Limited
- Midea Real Estate Plaza
- 34th Floor, Tower 4
- Guangdong Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 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.