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535

Gemdale Properties and InvestmentSEHK:535 Stock Report

Market Cap

HK$13.3b

7D

-1.2%

1Y

-37.0%

Updated

19 Oct, 2021

Data

Company Financials
535 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends3/6

535 Overview

Gemdale Properties and Investment Corporation Limited, an investment holding company, engages in the property investment, development, and management activities in Mainland China.

Gemdale Properties and Investment Competitors

China Vanke

SZSE:000002

CN¥230.4b

Country Garden Holdings

SEHK:2007

HK$174.5b

Gemdale

SHSE:600383

CN¥48.4b

China Evergrande Group

SEHK:3333

HK$38.9b

Price History & Performance

Summary of all time highs, changes and price drops for Gemdale Properties and Investment
Historical stock prices
Current Share PriceHK$0.80
52 Week HighHK$0.77
52 Week LowHK$1.35
Beta0.49
1 Month Change-3.61%
3 Month Change-15.79%
1 Year Change-37.01%
3 Year Change12.68%
5 Year Change63.27%
Change since IPO-69.23%

Recent News & Updates

Sep 15
Does Gemdale Properties and Investment (HKG:535) Have A Healthy Balance Sheet?

Does Gemdale Properties and Investment (HKG:535) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Jun 21
If You Like EPS Growth Then Check Out Gemdale Properties and Investment (HKG:535) Before It's Too Late

If You Like EPS Growth Then Check Out Gemdale Properties and Investment (HKG:535) Before It's Too Late

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

May 31
A Look At The Fair Value Of Gemdale Properties and Investment Corporation Limited (HKG:535)

A Look At The Fair Value Of Gemdale Properties and Investment Corporation Limited (HKG:535)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Gemdale Properties and...

Shareholder Returns

535HK Real EstateHK Market
7D-1.2%0.6%0.7%
1Y-37.0%-12.1%5.7%

Return vs Industry: 535 underperformed the Hong Kong Real Estate industry which returned -12.1% over the past year.

Return vs Market: 535 underperformed the Hong Kong Market which returned 5.7% over the past year.

Price Volatility

Is 535's price volatile compared to industry and market?
535 volatility
535 Beta0.49
Industry Beta0.85
Market Beta1

Stable Share Price: 535 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 535's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19883,700Jiajun Xuhttps://www.gemdalepi.com

Gemdale Properties and Investment Corporation Limited, an investment holding company, engages in the property investment, development, and management activities in Mainland China. The company operates through Property Development, Property Investment and Management, and Micro-Finance segments. It develops and sells residential and commercial properties; and invests in and manages business parks and commercial properties, as well as offers financial services to property buyers and small businesses.

Gemdale Properties and Investment Fundamentals Summary

How do Gemdale Properties and Investment's earnings and revenue compare to its market cap?
535 fundamental statistics
Market CapCN¥10.96b
Earnings (TTM)CN¥3.81b
Revenue (TTM)CN¥15.48b

2.9x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
535 income statement (TTM)
RevenueCN¥15.48b
Cost of RevenueCN¥11.19b
Gross ProfitCN¥4.29b
ExpensesCN¥476.20m
EarningsCN¥3.81b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.23
Gross Margin27.70%
Net Profit Margin24.63%
Debt/Equity Ratio103.5%

How did 535 perform over the long term?

See historical performance and comparison

Dividends

12.1%

Current Dividend Yield

35%

Payout Ratio

Valuation

Is Gemdale Properties and Investment undervalued compared to its fair value and its price relative to the market?

40.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 535 (HK$0.8) is trading below our estimate of fair value (HK$1.35)

Significantly Below Fair Value: 535 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 535 is good value based on its PE Ratio (2.9x) compared to the Hong Kong Real Estate industry average (7.5x).

PE vs Market: 535 is good value based on its PE Ratio (2.9x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 535's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 535 is overvalued based on its PB Ratio (0.6x) compared to the HK Real Estate industry average (0.4x).


Future Growth

How is Gemdale Properties and Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.9%

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 Gemdale Properties and Investment 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.


Past Performance

How has Gemdale Properties and Investment performed over the past 5 years?

27.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 535 has a high level of non-cash earnings.

Growing Profit Margin: 535's current net profit margins (24.6%) are lower than last year (29.3%).


Past Earnings Growth Analysis

Earnings Trend: 535's earnings have grown significantly by 27.3% per year over the past 5 years.

Accelerating Growth: 535's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 535 had negative earnings growth (-10.3%) over the past year, making it difficult to compare to the Real Estate industry average (23.4%).


Return on Equity

High ROE: Whilst 535's Return on Equity (20.81%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Gemdale Properties and Investment's financial position?


Financial Position Analysis

Short Term Liabilities: 535's short term assets (CN¥35.1B) exceed its short term liabilities (CN¥29.9B).

Long Term Liabilities: 535's short term assets (CN¥35.1B) exceed its long term liabilities (CN¥20.9B).


Debt to Equity History and Analysis

Debt Level: 535's debt to equity ratio (103.5%) is considered high.

Reducing Debt: 535's debt to equity ratio has increased from 84.9% to 103.5% over the past 5 years.

Debt Coverage: 535's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 535's interest payments on its debt are well covered by EBIT (15.6x coverage).


Balance Sheet


Dividend

What is Gemdale Properties and Investment current dividend yield, its reliability and sustainability?

12.10%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 535's dividend (12.1%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).

High Dividend: 535's dividend (12.1%) is in the top 25% of dividend payers in the Hong Kong market (6.77%)


Stability and Growth of Payments

Stable Dividend: 535 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 535's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.6%), 535'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.


Next Steps

Management

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

9.0yrs

Average management tenure


CEO

Jiajun Xu (43 yo)

8.75yrs

Tenure

CN¥2,803,000

Compensation

Mr. Jiajun Xu has been the Chief Executive Officer at Gemdale Properties and Investment Corporation Limited (also known as Frasers Property (China) Ltd.) since January 2013. Mr. Xu serves as Secretary and...


CEO Compensation Analysis

Compensation vs Market: Jiajun's total compensation ($USD435.95K) is about average for companies of similar size in the Hong Kong market ($USD475.33K).

Compensation vs Earnings: Jiajun's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 535's management team is seasoned and experienced (9 years average tenure).


Board Members

Experienced Board: 535's board of directors are considered experienced (8.9 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

Gemdale Properties and Investment Corporation Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Gemdale Properties and Investment Corporation Limited
  • Ticker: 535
  • Exchange: SEHK
  • Founded: 1988
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: HK$13.260b
  • Shares outstanding: 16.58b
  • Website: https://www.gemdalepi.com

Number of Employees


Location

  • Gemdale Properties and Investment Corporation Limited
  • Central Tower
  • 19th Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 15:32
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.