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593

DreamEast GroupSEHK:593 Stock Report

Market Cap

HK$336.9m

7D

-4.1%

1Y

-30.6%

Updated

24 Oct, 2021

Data

Company Financials
593 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

593 Overview

DreamEast Group Limited, an investment holding company, engages in the property development and leasing, tourism park operation, and other services businesses in the People’s Republic of China.

DreamEast Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for DreamEast Group
Historical stock prices
Current Share PriceHK$1.18
52 Week HighHK$1.09
52 Week LowHK$5.80
Beta0.54
1 Month Change-18.62%
3 Month Change-26.71%
1 Year Change-30.59%
3 Year Change-87.84%
5 Year Change-86.74%
Change since IPO-94.64%

Recent News & Updates

Mar 16
A Look At The Fair Value Of DreamEast Group Limited (HKG:593)

A Look At The Fair Value Of DreamEast Group Limited (HKG:593)

Today we will run through one way of estimating the intrinsic value of DreamEast Group Limited ( HKG:593 ) by taking...

Shareholder Returns

593HK Real EstateHK Market
7D-4.1%4.3%2.2%
1Y-30.6%-7.3%6.0%

Return vs Industry: 593 underperformed the Hong Kong Real Estate industry which returned -7.3% over the past year.

Return vs Market: 593 underperformed the Hong Kong Market which returned 6% over the past year.

Price Volatility

Is 593's price volatile compared to industry and market?
593 volatility
593 Beta0.54
Industry Beta0.85
Market Beta1

Stable Share Price: 593 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: 593's weekly volatility has decreased from 36% to 7% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993145Jin Zhouhttps://www.dreameast.com

DreamEast Group Limited, an investment holding company, engages in the property development and leasing, tourism park operation, and other services businesses in the People’s Republic of China. It also develops and operates cultural tourist resorts and theme parks under the DreamEast brand; and provides movie and television culture services. The company was formerly known as SkyOcean International Holdings Limited and changed its name to DreamEast Group Limited in July 2017.

DreamEast Group Fundamentals Summary

How do DreamEast Group's earnings and revenue compare to its market cap?
593 fundamental statistics
Market CapHK$336.88m
Earnings (TTM)-HK$2.00b
Revenue (TTM)HK$44.84m

7.5x

P/S Ratio

-0.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
593 income statement (TTM)
RevenueHK$44.84m
Cost of RevenueHK$38.32m
Gross ProfitHK$6.52m
ExpensesHK$2.01b
Earnings-HK$2.00b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-7.01
Gross Margin14.54%
Net Profit Margin-4,462.25%
Debt/Equity Ratio1,058.5%

How did 593 perform over the long term?

See historical performance and comparison

Valuation

Is DreamEast Group 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: 593 (HK$1.18) is trading below our estimate of fair value (HK$2.58)

Significantly Below Fair Value: 593 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 593 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Real Estate industry average.

PE vs Market: 593 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 593's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 593 is overvalued based on its PB Ratio (1x) compared to the HK Real Estate industry average (0.5x).


Future Growth

How is DreamEast Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.8%

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 DreamEast Group 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 DreamEast Group performed over the past 5 years?

-83.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 593 is currently unprofitable.

Growing Profit Margin: 593 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 593 is unprofitable, and losses have increased over the past 5 years at a rate of 83.7% per year.

Accelerating Growth: Unable to compare 593's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 593 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (23.4%).


Return on Equity

High ROE: 593 has a negative Return on Equity (-396.63%), as it is currently unprofitable.


Financial Health

How is DreamEast Group's financial position?


Financial Position Analysis

Short Term Liabilities: 593's short term assets (HK$4.9B) do not cover its short term liabilities (HK$8.0B).

Long Term Liabilities: 593's short term assets (HK$4.9B) exceed its long term liabilities (HK$582.9M).


Debt to Equity History and Analysis

Debt Level: 593's debt to equity ratio (1058.5%) is considered high.

Reducing Debt: 593's debt to equity ratio has increased from 194.6% to 1058.5% 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 593 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 593 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 45.8% per year.


Dividend

What is DreamEast Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 593's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 593'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 593's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 593's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 593 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 593's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

0.6yrs

Average management tenure


CEO

Jin Zhou (48 yo)

0.58

Tenure

HK$712,000

Compensation

Ms. Jin Zhou serves as Executive Chairman and Chief Executive Officer of DreamEast Group Limited since March 5, 2021. She was Chief Executive Officer & Executive Director at DreamEast Group Limited since J...


CEO Compensation Analysis

Compensation vs Market: Jin's total compensation ($USD91.60K) is below average for companies of similar size in the Hong Kong market ($USD228.05K).

Compensation vs Earnings: Jin's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: 593's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: 593's board of directors are considered experienced (5.6 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

DreamEast Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: DreamEast Group Limited
  • Ticker: 593
  • Exchange: SEHK
  • Founded: 1993
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: HK$336.879m
  • Shares outstanding: 285.49m
  • Website: https://www.dreameast.com

Number of Employees


Location

  • DreamEast Group Limited
  • Tower Two
  • Suite 2901
  • Causeway Bay
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 10:07
End of Day Share Price2021/10/22 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.