Landing International Development (SEHK:582) - Share price, News & Analysis

582 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

582 Stock Overview

Landing International Development Limited, an investment holding company, engages in integrated resort development, gaming, and property development businesses in South Korea.

Rewards

Trading at 94.7% below our estimate of its fair value

Risk Analysis

Earnings have declined by 27.5% per year over past 5 years

Landing International Development Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Landing International Development
Historical stock prices
Current Share Price	HK$0.21
52 Week High	HK$0.27
52 Week Low	HK$0.19
Beta	2.14
1 Month Change	-5.00%
3 Month Change	-11.06%
1 Year Change	-18.04%
3 Year Change	-80.65%
5 Year Change	-94.57%
Change since IPO	-99.95%

Shareholder Returns

	582	HK Real Estate	HK Market
7D	-5.0%	4.3%	2.1%
1Y	-18.0%	-34.5%	-23.3%

Return vs Industry: 582 exceeded the Hong Kong Real Estate industry which returned -34.5% over the past year.

Return vs Market: 582 exceeded the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 582's price volatile compared to industry and market?
582 volatility
582 Average Weekly Movement	6.7%
Real Estate Industry Average Movement	6.2%
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: 582 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: 582's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2001	1,364	n/a	https://www.landing.com.hk

Landing International Development Limited, an investment holding company, engages in integrated resort development, gaming, and property development businesses in South Korea. It develops and operates integrated leisure and entertainment resort; and operates gaming and entertainment facilities, as well as invests in residential and commercial properties. The company is also involved in the development, management, operation, and rental of facilities for tourism, commerce, accommodation, and recreation; residential management; property holding; and securities investment business.

Landing International Development Fundamentals Summary

How do Landing International Development's earnings and revenue compare to its market cap?
582 fundamental statistics
Market Cap	HK$883.29m
Earnings (TTM)	-HK$1.06b
Revenue (TTM)	HK$1.35b

0.7x

P/S Ratio

-0.8x

P/E Ratio

Is 582 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
582 income statement (TTM)
Revenue	HK$1.35b
Cost of Revenue	HK$244.88m
Gross Profit	HK$1.11b
Other Expenses	HK$2.16b
Earnings	-HK$1.06b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.25
Gross Margin	81.86%
Net Profit Margin	-78.21%
Debt/Equity Ratio	24.0%

How did 582 perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is 582 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales 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 582?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 582. This is calculated by dividing 582's market cap by their current preferred multiple.
What is 582's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	HK$883.29m

582 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/Revenue	1.6x
Enterprise Value/EBITDA	58.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 582's PS Ratio compare to its peers?

582 PS Ratio vs Peers

The above table shows the PS ratio for 582 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	0.3x

Forward PS

Price-To-Sales vs Peers: 582 is expensive based on its Price-To-Sales Ratio (0.7x) compared to the peer average (0.3x).

Price to Earnings Ratio vs Industry

How does 582's PE Ratio compare vs other companies in the Hong Kong Real Estate Industry?

Price-To-Sales vs Industry: 582 is good value based on its Price-To-Sales Ratio (0.7x) compared to the Hong Kong Real Estate industry average (1.1x)

Price to Sales Ratio vs Fair Ratio

What is 582's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

582 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.7x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 582's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 582 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 582 (HK$0.21) is trading below our estimate of fair value (HK$3.93)

Significantly Below Fair Value: 582 is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 582's PEG Ratio to determine if it is good value.

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Future Growth

How is Landing International Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

10.0%

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 Landing International Development 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.

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Examine whether Landing International Development 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.
Landing International Development competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Landing International Development performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-27.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 582 is currently unprofitable.

Growing Profit Margin: 582 is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: 582 is unprofitable, and losses have increased over the past 5 years at a rate of 27.5% per year.

Accelerating Growth: Unable to compare 582's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 582 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (14.7%).

Return on Equity

High ROE: 582 has a negative Return on Equity (-11.98%), as it is currently unprofitable.

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Financial Health

How is Landing International Development's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: 582's short term assets (HK$1.9B) do not cover its short term liabilities (HK$2.6B).

Long Term Liabilities: 582's short term assets (HK$1.9B) exceed its long term liabilities (HK$57.9M).

Debt to Equity History and Analysis

Debt Level: 582's net debt to equity ratio (14.7%) is considered satisfactory.

Reducing Debt: 582's debt to equity ratio has increased from 15% to 24% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 582 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 582 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.6% per year.

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Dividend

What is Landing International Development current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 582's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 582's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 582's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 582's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 582 has not reported any payouts.

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Management

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

2.3yrs

Average management tenure

CEO

Landing International Development has no CEO, or we have no data on them.

Leadership Team

Experienced Management: 582's management team is considered experienced (2.3 years average tenure).

Board Members

Experienced Board: 582's board of directors are not considered experienced ( 2.3 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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/25 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31